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Forex-currency

GBPUSD Bias: LongThe cable is heading up to the 1.2448 psyche level. As we are technically seeing the current move of the market, the cable is respecting the 1.2770 level. If this level holds, then expect the price to break above the 1.2448 level. Conclusion: the cable is bullish, and a price action signal has been printed on the h1 timeframe. You are good to buy now. Bias: Buy Signal: Bullish Engulfing candle Timeframe: H1 TP Target: 1.2848 Stop Lose: 1.27546 Don't be greedy Use proper risk management as the market is crazy at times.
Long
by OraclePips
EURUSD Bias: LongHello traders, in my previous eurusd analysis, I analyzed the bullish move of the EU and marked the current high as "WHAT NEXT?", indicating the uncertainty of whether the current market move will break it or not. But now, what is currently happening in the EURX (EURO DOLLAR INDEX) shows that the EURUSD has a 95% potential of going up to the extent of breaking the previous high. Currently, the price is respecting the 1.09106 level. If this level hold and a price action signal are printed on the chart, then the price will successfully go up and break the 1.09709 level. Conclusion: buy eurusd now or wait for the h4 timeframe to close to print a price action signal on the chart. Use proper risk management and don't be greedy. You could take the first profit at the next key level and watch what the market will do there.
Long
by OraclePips
GU Bias: Long: awaiting buying signal at the end of correction The cable is bullish and moving for correction after the strong impulsive move had taken place last week. What's happening now is the move for correction, perhaps, to 50 or 61.8 fib level before looking for a buy setup: the price must form a new higher-low that will break the current higher-high and print a price action signal (like the bullish engulfing or bullish pin bar candlestick pattern) on the chart before we take a trade decision. Scenario : If the market moves down to the extent of breaking the previous immediate high-low, then we can say there is a change of direction which is called a "choch", as analyzed in the price chart above.
Long
by OraclePips
XAUUSD Bias UPDATE: Short; Monthly TimeframeAre you a swing or long-term trader, who is planning to buy gold now? If yes, I would love to say "Don't!" Why? It's because the market condition, technically, in the higher timeframe like monthly has already shown us where the market could head in a couple of months now. Go and run a check on the monthly timeframe as seen in the above monthly technical analysis. The price has reached a historical high and had three taps, preparing to move down as a bearish pin bar that has formed in the chart shown now. So, keep your eyes open to see the next big move soon.
OANDA:XAUUSDShort
by OraclePips
2
EURUSD Breakout and pullback levels to target 1.0900EURUSD is trading inside a Channel Up pattern since the May 14th bottom. Yesterday it formed the first 4hour MA50-100 Bull Cross since March 14th. That was during the previous long term bottom formation. The price is close to testing the 4hour MA200 for the first time in over 1 month. If the candle closes over it, buy the breakout and target 1.0900 near Resistance B. If rejected then buy the pullback near the bottom of the Channel Up. Target 1.0900 again. In that case you will see the 4hour RSI crossing under the Rising Support and declining under 40.00 before it turns into a buy opportunity again. Previous chart: Follow us, like the idea and leave a comment below!!
Long
by TheCryptagon
GBPNZD strong upside push to 2 after C&H breakoutCup and Handle formed on GBPNZD. The price broke out which gave a great entry signal. We could even wait for the price to retrace back to the Brim level and get an even better entry. 7>21>200 - Bullish RSI >50 Target will start off at 2.198. But once it breaks higher, we'll see more formations. Smart Money Concepts Sell Side Liquidity formed just below the handle of the cup. Smart Money BUYS into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter their trades.
Long
by Timonrosso
USDCAD Starting the new Bullish WaveUSDCAD is inside a Triangle pattern that started forming since the October 13th 2022 High. The latest hit on its bottom (leg 4) is what is pushing the price upwards today so aggressively. So far all legs have been symmetric with the 1st phase (1 through 4) inside the Triangle and leg 4 targeted previously the 0.786 Fibonacci. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.37400 (the 0.786 Fibonacci). Tips: 1. RSI (1d) is under its MA line. A break over it, confirms the bullish sentiment. Please like, follow and comment!!
Long
by TradingBrokersView
12