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GBPUSD bullish scenario:In this pair, you can find a technical figure Channel Down. The Channel Down has broken through the resistance line on 27/07/2021. GBPUSD forming a bullish formation on a daily chart. If the price holds above this level you can have possible bullish price movement with a forecast for the next 11 days with a target of 1.39651. Your stop loss order according to experts should be placed at 1.3572 if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
1
📈EURUSD awaiting the FED decisionWe are waiting for FED's interest rate decision tomorrow. This is the most important event right now. Based on that a lot of trades are being taken and future moves are being determined. That's why we recommend to not trade before such an important news. Once we have a clear market direction, that's when we want to get involved. What are the expectations and more likely scenarios? EURUSD is still in a downtrend. As long as the pair doesn't go above 1,1880 that will remain unchanged. Also, it's very likely that we will see price reaching 1,1840-50. This is an entry opportunity using a low risk. If you will be doing that then make sure to wait for a push of the level and a reversal candle! Everything will be clear after the news, therefore if you don't want to take on unnecessary risk just wait! 👍 Please support this idea with like and comment so we can help more people together. Thank you in advance! 🙏
Short
by ForexTrendline
6
GBP / JPY - PRE MARKET UPDATEYo Pre-makret analysis for Sunday 7/11/2021 * Analysis / Sentiment * GBP/JPY was volatile last week, going up and down 150+ pips. Closing out the week bullish , closing above 153 price level. For the start of the week I am anticipating price will correct this bullish move. 153.2 & 153.5 could be possible resistance levels to look at. Depending on what price does when the market opens, it might go down to 152.6 then potentially go up from there. Keep in mind this is just an overview right now. I will provide an updated as we go into London Session. * Key Levels * 154 153.5 153.2 153 152.6 * Disclaimer * This is my analysis, anything you execute on is on you . DONT OVER TRADE! - James
by JamesCapital
USD/JPY Buying Opportunity about to Rise Again?Hey Traders I just noticed a nice doji like hammer formation on the USD/JPY daily chart I believe this is a good entry to buy with risk managment. I will buy at this price and place my stop below the wick of this candle. Another way to trade without a stop is to use Nadex Call Spreads they are great high leverage with limited risk! Always look at every trade as how much can afford to lose. Make sure it is your risk managment tolerance. Most experts recommend never to risk more than 2% of you total account equity on any given trade. Then protect your profits until market reaches your desired target. Trade Well, Clifford
Long
by TradetheFuturesCharts
Strong Euro buy signal after pullback in uptrend!Hey Traders so I was noticing on the charts that the Euro has been in a strong uptrend. Just saw a nice pullback buy signal on the daily chart and went long. These pinbars or hammers are great signals and when you see them in the current trend it is normally a great opportunity. The way you trade it is buy on the open of the next day candle so I went long around 1.2197. Then you just put your stop below the wick of the previous day candle at 1.2127. The you shoot for a target of 2:1 risk reward and target resistance for take profit. I think the dollar is going to continue to weaken until the FED says the word Taper! I am a strong believer in the the old saying The Trend is you Friend! What does the tradingview forex community think? Where do you guys think the US Dollar is headed? Enjoy! Trade Well, Clifford
Long
by TradetheFuturesCharts
EURJPY - H4 & DAILY TFWill these even possible? I am selling this in the zone from the H4 timeframe and if you see from this TF, the nearest 3 Drive has created lower low so we could expect for the drop to happen soon. But somehow I am still expecting it to make another higher high before it drop or otherwise. Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
Short
by Carta_aPau
GBPJPY | LONGS INTO 152.554 AND HIGHER REGIONSGood long opportunities that has been presented on the Pound/Yen the past couple of hours with monitred price action over the past few days, been expecting bullish momentum to pick up for some time now and we finally managed to find a setup to ride the trend up, we have been creating (HH) and (HL) since 150.000. You will see 3 orange horizontal levels, these are the (HL) levels formed, with a intra hour trend-line placed, buy positions were taken off the 3rd touch bounce and 3rd (HL) with the 61.00% fib correction. +120 pips gain on this so far and exiting 152.554 sometime today or later in this week.
Long
by UnknownUnicorn14323489
AUDUSD - BEARISH SETUP ANALYSIS 🔎 - AUDUSD was bounded in the rising wedge (RW) pattern. - A rising wedge pattern is a bearish reversal pattern. - RSI printed a bearish divergence signal (BDS). - The market brokedown below the rising wedge's (RW) support as expected from the bearish confluence. - The market then retraced for a retest of the rising wedge (RW) support and and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of sellers (high selling pressure) at the retest zone. - The retracement is supported by the ascending trendline support (ATS). - Breakdown below the ascending trendline support (ATS) will lead to the formation of the head and shoulders (H&S) pattern. - The head and shoulders (H&S) pattern is a bearish reversal pattern. - Further breakdown below the head and shoulders (H&S) neckline support (NS) will lead to a test of the horizontal support levels (S1, S2). SELL ENTRY ⬇️ - Breakdown below the ascending trendline support (ATS). TARGETS 🎯 - Head and shoulders (H&S) neckline support (NS). - Horizontal support level (S1). - Horizontal support level (S2). SETUP INVALIDATION ❌ - Breakout above the 1.0 fibonacci retracement level.
Short
by Chibuike_Odoh
1