TheRavensForex

TheRavensForex Updated 

EURJPY experienced a significant bullish volume that pushed the price to break the previous high. However, after a confirmation, a rejection formed and broke a small trendline. Today, the price bounced back to the previous high as a retest level, which coincides with the trendline. This presents an opportunity for us with a very tight stop loss. Please note that...

TheRavensForex Updated 

USDCHF has recently broken the previous major trendline and formed an uptrend channel. It is expected to reach the previous high with ease, and the stop loss has been set at the second support.

TheRavensForex Updated 

EURAUD it appears that a bearish trend is emerging as the third top formation with the small trendline has been broken. This technical signal has a high probability of driving the trend lower to the previous support, making it a potential opportunity for a swing trade.

TheRavensForex Updated 

The extended idea of the previous CADJPY setup is that the price has bounced to a higher high and broke a small ascending wedge, indicating a potential sell opportunity.

TheRavensForex Updated 

CADJPY has recently bounced to the 3rd wave and touched a major resistance zone, which led to multiple rejections in December 2022. To enter a trade, we need to wait for a 1hr reversal wedge to be broken, providing a golden entry opportunity this week, the final target is aiming the FIB 0.5 zone. Only take the trade if the pattern has formed, I will make another...

TheRavensForex Updated 

A possible sniper entry opportunity has arisen with a 4hr pin bar. The higher low set on the trendline and double bottom formation also confirm this. We expect the price to reach the first target at 0.685 and possibly continue to 0.70102.

TheRavensForex Updated 

AUDUSD is likely to continue its downward trend as the bearish volume keeps pushing it below multiple trendlines. There is a clear candle below the entry point, suggesting it may soon hit its first target and drop to 0.68600. This is a risky trade, manage the size.

TheRavensForex Updated 

CADCHF is sitting on a major support and historical low area. After multiple retests and a month of consolidation, the price continues to bounce in the channel and rise. I expect the price to shoot up soon, reaching the previous high. The stop loss is tight, making this a good opportunity to try.

TheRavensForex Updated 

USDJPY has finished retracing at the FIB 0.618 area and a sign of rejection has been spotted with a 1 hour pinbar. The trend is bearish, similar to other JPY pairs. We expect USDJPY to drop to its previous low, backed by a clean candle. Please note, do not enter the trade unless the price reaches the entry line.

TheRavensForex Updated 

This is an extended idea for the previous CADJPY setup. After a day of consolidation, the price is likely to keep falling. The clean bullish candle from NFP suggests a lack of significant support, so we expect the price to drop to the 96.60 area or lower. However, this is a risky trade, so please manage your position size carefully. Please note, do not enter the...

TheRavensForex Updated 

The Yen pairs are in a strong downward trend. EURJPY experienced a drop today, and it is expected that CADJPY will follow soon. The 99.0 level is a significant resistance zone, and the recent break of a small trendline into a descending wedge increases the chance of a continued downward trend. *This is a risky trade, manage your lot size.

TheRavensForex Updated 

Gold recently had a big drop and is now sitting at a major bullish trendline after 3 days of consolidation. Based on the 4hr clean candle, it could retrace back to the FIB 0.5 level.

TheRavensForex Updated 

EURJPY experienced a bounce to the monthly high following the release of the recent Non-Farm Payroll (NFP) news. However, the upward momentum appears to be waning and a pullback or retracement to fill the price gap is expected to occur soon. The first target for this downward movement is the 141.5 level. It is possible that the pair may continue to drop even...

TheRavensForex Updated 

EURAUD bounced to the trendline after the recent NFP news, now it looks like it's getting set to drop. The 3rd wave is formed, and we expect it to fall back to the FIB 0.5 level soon.

TheRavensForex Updated 

EURJPY bounced off the upper edge of the trendline, offering a tight entry opportunity. To minimize risk, it may be wise to decrease the trade size. We can expect the formation of a descending wedge and a potential decline to the 138.5 area.

TheRavensForex Updated 

AUDUSD has recently reached a new high and has formed a double top formation on the daily candle. Based on historical patterns, we can expect it to retest the 0.696 area at a minimum.

TheRavensForex Updated 

GBPJPY previously broke the ascending wedge and into the consolidation zone, it is likely to break a new trendline to be a very bearish trend, we expect it to drop to the 158.920 zone for the first target. *The trade is only taken when the small trendline is broken.

TheRavensForex Updated 

The JPY pairs have demonstrated strong bearish momentum, with high volume rejection of the previous high. Once the major trendline is broken and a lower low is formed, it will provide a favorable entry opportunity today. *We will not enter this trade unless a lower low 15m candle is identified.