USDJPY - 3 Massive Swings Completed. 4th Swing Ready...USDJPY has been providing us with big swing opportunities. Our last public post resulted in a 1200pip take profit!
We are now on the verge of getting our 4th big swing setup.
We are in a 5 wave impulse at the moment, indicating that we are in a Wave A (of wave 2) as opposed to a wave 2. This is why we are anticipating price to create an abc correction for wave 2 in the form of 535 zigzag.
Trade Setup:
- Watch for rejection of the fib level
- Confirmation can be the break of the red trendline or any other reversal signs such as BOS
- Targets: 148 (950pips), Hold position and taper as we move lower
We'll update this setup if we get enough engagement.
Goodluck and as always, trade safe!
Trade 1:
Trade 2:
Trade 3:
Trade 3 VIP Setup:
EURUSD
EURO - Price can leave triangle and rise to $1.0765 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price fell to $1.1085 level and some time traded near, after which bounced and rose to $1.1210 points.
Then price started to decline in falling channel, where it broke $1.1085 level and fell to support line at once.
In channel, EUR declined until to $1.0765 level, which coincided with resistance area and some time traded near.
Later, price exited from channel, and entered to triangle, but firstly made a gap and then bounced down.
Price broke $1.0765 level and now it trades near resistance line of triangle, so, I think can make correction.
After this, Euro will bounce up to $1.0765 resistance level, exiting from a triangle.
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EUR/USD Outlook: Bearish Momentum Below Key PivotEUR/USD Analysis
The EUR/USD price is currently consolidating below the pivot line at 1.0680, showing bearish momentum. If this bearish trend continues, the next movement is likely to test support levels below.
Scenarios:
Bearish Scenario: If the price continues to trade below the pivot line (1.0680) and breaks below the immediate support at 1.0616, it may reach down to the next support at 1.0544. A close below 1.0616 would strengthen this bearish outlook.
Bullish Scenario: For a bullish reversal, the price needs to reclaim and stabilize above the resistance line at 1.0739. This move would suggest a shift towards higher targets, potentially testing 1.0861.
Key Levels:
Pivot Line: 1.0680
Resistance Levels: 1.0739, 1.0780, 1.0861
Support Levels: 1.0616, 1.0544, 1.0470
Trend Outlook: The bearish scenario is currently more accurate as long as the price remains below the pivot line and support levels are tested.
previous idea:
EURUSD: Strong Bullish Bias! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.05462
Wish you good luck in trading to you all!
EURUSD SHORT IDEA - INTRADAYLook for shorts only once it gives MSS on 1 mint on given marked area.
Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
EUR/USD Remains Bearish Amid Trump's Economic PoliciesThe EUR/USD currency pair has experienced a sustained bearish trend for the past five days, largely influenced by the implications of the ongoing "Trump trade." Since the elections, this trade has significantly contributed to the rally of the US Dollar (USD). The USD Index (DXY), which measures the Greenback's strength against a group of foreign currencies, has surged to its highest point since November 2023, driven by anticipations that the economic policies of President-elect Donald Trump will act as a catalyst for growth.
Additionally, Trump's proposals to increase tariffs on imports are raising concerns that inflation may rise, potentially prompting the Federal Reserve (Fed) to halt its cycle of monetary easing. Recent data from the US Consumer Price Index (CPI), released Wednesday, suggests that the nation is making sluggish progress in curtailing inflation, implying that there may be fewer interest rate cuts on the horizon for the next year. This situation supports the persistence of high US Treasury bond yields and further elevates the USD's value broadly.
According to the latest report from the US Bureau of Labor Statistics, the headline CPI recorded a rise of 0.2% in October, with a year-on-year increase of 2.6%. Notably, the core CPI, which omits the more volatile prices of food and energy, climbed 0.3% last month and saw a 3.3% increase compared to the previous year. These figures reinforce speculation that the Fed could implement a third rate cut in December, amid signs of a cooling labor market.
From a technical analysis perspective, the price has approached our identified Demand zone, where we are on the lookout for a potential rebound. However, as of now, there are no indicators suggesting an imminent price increase. Therefore, exercising patience and waiting for confirmation is essential at this stage.
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BTC BEARISHCorrection from yesterday : BTC is clearly going down for now ;
as it is not a real asset indexed on some real currency (even though it is really strong of course), it does not follow the same logical paths as gold and nasdaq, so it is really tough to know;
bears are starting to take over for BTC, and it might be the beginning of a slow fall for bitcoin.
US100/NASDAQ STILL GOING UPThe white lines are yesterday's projections, which are a little late ;
the setup is still valid and a little late but will make NASDAQ rise once again ;
more precisely this time, we put together a possible route for this, stopping and reversing at KL and previous HH and LL.
XAUUSD FAKE BULLSAs Gold started an impressive bearish era, losing more than 200 points against all odds, now seems like a good time for it to calm down ;
Gold going down, as well as VIX in some way, shows that the economy is getting better, Gold only rises when the world falls apart (war, inflation, pandemics).
So with such a great leader it seems obvious that now gold is to come back to normal levels, and should not rise again, at least not so sharp, but for how long ?
XAU/USD : CPI is coming, Bull or Bear ?Analyzing the #Gold chart on the 4-hour timeframe, we can see that after entering the highlighted demand zone, gold has delivered a return of over 270 pips so far and is currently trading around $2611.
It’s important to note that today we have the CPI data release, which could significantly impact gold prices. If the CPI figures come in higher than expected, we’re likely to see further declines in gold, and vice versa if the data comes in lower.
Key demand zones remain at $2586-$2593 and $2555-$2562, while important supply zones are $2610, $2619-$2626, and $2643. Additionally, the recent sharp declines in gold have created several liquidity gaps, marked in purple on the chart, which are expected to be filled in the medium term as the price recovers.
Stay cautious and keep an eye on these levels, as well as the CPI announcement, for potential trading opportunities!
The Last Analysis :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
EURUSD H4 | Bullish Bounce off 127.2%?Based on the H4 chart analysis, we can see that the price is falling toward our buy entry at 1.0528, which is an overlap support.
Our take profit will be at 1.0605, a pullback resistance.
The stop loss will be placed at 1.0460 which is a swing low support level.
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#EURUSD - 14112024 I was cautiously bullish for EURUSD yesterday for a move higher but was much wrong on the move. EURUSD re-tested the lows then moved higher but was capped by the algo bands before the further sell down to 1.0566 strong level.
The strong levels as shown on the charts could give a pullback but I shall not call for any longs for today (though 1.0525 is a good level to do so). In the event of a pullback, look for 1.0590/1.0606 for short opportunities for a move lower.
EURUSD: False Resistance Break Could Add to DeclineAs expected, EURUSD continues to hit new lows, currently hovering around the 1.062 level.
The Euro's retreat has largely been driven by a sharp rally in the U.S. dollar (USD), pushing the U.S. Dollar Index (DXY) above 106.00, marking multi-month highs. This surge is fueled by market optimism surrounding the so-called “Trump trade,” with investors betting on potential policies under the upcoming Trump administration.
On higher timeframes, EURUSD is testing a solid support level, which might trigger a corrective move. However, on the 4-hour timeframe, we can clearly observe a downtrend, with the 34 and 89 EMA acting as resistance and continuing to weaken the buying side. Therefore, any strong resistance level is likely to maintain control over the market.
Currently, we are watching for a potential false breakout of the trend resistance, with the aim of consolidation. This consolidation is generally forming within a channel, and if sellers maintain control around the 1.605 - 1.068 area, which aligns with the 0.618 Fibonacci level, we should expect a decline toward key areas of interest in the medium term.
BTC NEXT MOVEMissed a pretty good trade by not so much tonight, this is tough.
Not displayed here but we went with Fibonacci tools for this one, using different colours and methods.
This new HH today puts a big step towards the 100K rally, which will however not be completed right now but at least in 2025.
EUR/USD short on weekly chart
Stop Loss = 1.14925
Entry Order = 1.10425
TP1 = 1.05925
Two positions with the same stop loss and x1 target for the first position
The stop loss of the second position to breakeven when the first position hits the target1.
The second position has no target, only exit
Risk= 2% of account capital (1% each position)
EURUSD Macro Chart The macroeconomic situation forms a favorable background for assets valued in US dollars, with a tendency of their growth There comes a moment of domination of foreign currencies and displacement of the dollar. Shares of European companies will also show strong growth. The euro may have a noticeable impact on economic activity in the region and the structure of expenditures of the population.
EUR/USD : First Short, then LONG! (READ THE CAPTION)Analyzing the #EURUSD chart on the daily timeframe, we can see that the price is currently trading around the 1.06 level. Since the previous analysis, it has dropped over 500 pips. I anticipate that the price will soon react positively to the 1.052 to 1.058 zone, potentially leading to a recovery of 40 to 300 pips.Keep an eye on these marked levels!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GBP/USD : First Short, then LONG! (READ THE CAPTION)Analyzing the GBP/USD chart on the daily timeframe, we can observe that the price is experiencing a significant decline. I anticipate that this heavy drop will likely pause, at least temporarily, upon reaching the demand zone between 1.267 and 1.2735. This is a key area of interest, and I expect a potential return of 50 to 200 pips from this level. This analysis will be updated as necessary.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban