EURUSD Day-Plan As expected yesterday, the Asian session traded sideways. Nevertheless, the euro remains in a long context. I plan to initiate a position only after the liquidity is cleared below.
Forex-trade
XAUUSDHello👋
📊Analyzing gold price based on Elliott waves and price action...
The main and important range of support is $2150 and as long as this number is maintained, it will continue to be an upward trend.
The market can complete this upward path in 5 Elliott waves, which we are currently in the 3rd wave
The targets of wave 3 are 2213 and 2283, respectively
The main and important support of 2150
The final target and wave 5 is 2350
The waves may change along the way, and the update will be done.
GBPUSD is going down. But How Far down?Hey guys, in this video, you will see my thoughts and perspective on the direction of the GBPUSD.
Please pardon the sound quality. I had some issues with sound this morning. There was the temptation to not send it out because of the poor sound quality, but I thought it was better to send it out anyway, as i am convinced this piece of information will be helpful to a few or more persons.
Comment with your thoughts. Give a boost if you agree, and if you don't, still give a boost, but share your perspective in the comment section. I will like to learn a thing or two from you too.
EURUSD 1D#EUR
1D- The global context has changed to long. All order flow previously formed above now acts as solid liquidity for further long positions.
EURUSD1h - Hourly timeframe: We are in a long context, and it would be great to see the removal of the nearest fractal below, after which we can continue the upward movement towards the main target at 1.08.
EURUSD 1W#EURUSD
1W - Weekly timeframe: We continue to be in a long context, having cleared liquidity below and then continued the upward movement. In the event of continued upward movement, the main target will be the fractal at 1.11386. However, if the weekly candle closes below 1.07257, the context will change to short.
EURUSD 1D#EURUSD
Greetings everyone on the weekly review of the Top-down analysis of the euro. In advance, thank you for your support; I'll be glad to discuss everything in the comments below.
The week turned out not to be the brightest in terms of potential positions, but despite that, the chart looked as technically sound as ever. Thread below 👇
1D - On the daily timeframe, we got the long-awaited breakout as the price settled below the fractal minimum, which previously served as a key starting point for the entire upward movement. At the moment, the nearest target of the corrective movement is the fractal at 1.08065. Importantly, if the price consolidates above this fractal, the context will change to long, and all short order flows will serve as liquidity for further objectives.
EURUSDThe situation is opposite compared to the pound. Since yesterday, we've been moving in a Long context. There are plenty of targets above, with the primary one being the Frankfurt High. If there's a model in place, I'll consider opening positions.
EURUSD 1D1D- Let's start with reaching the primary target of the current movement, which was the minimum of the current long context. After that, we twice tapped into liquidity below, and from Tuesday onwards, a long movement began to emerge. Now it's important to see price confirmation below 1.075 or above 1.09.
If the price confirms below 1.075, the global context will change to short.
In case of price confirmation above 1.09, the context will remain long, confirming the end of the short corrective order flow, after which all fractals above will act as regular liquidity.
GBPAUD | Daily | Trade IdeaAhead of tomorrow’s RBA Interest rate announcement I’ll be looking closely at GBPAUD, as we can see from the current GBPAUD chart from a top-down and a down-up perspective we can take note of the fact that after managing to break out of the downward retracement last month, GBPAUD mamaged to push steadily upward until reaching our 1.94150 area before “losing momentum” forming a consolidation which has lasted for the past few days from the 17th of January till today where it has been steadily trading sideways.
With the RBA Interest rate decision underway we can expect GBPAUD to finally choose a direction and breakout of the current consolidation, and from my analysis I can expect the GBPAUD to break in an upward/bullish direction pushing towards our 1.97xxx level hence I’ll be looking to hold my current GBPAUD (BUY) positions for now which haven’t yielded much results thus far.
Will be sharing more updates on GBPAUD towards the end of trading tomorrow or early Wednesday morning.
Please take note that this analysis is comprised solely of my personal opinions and outlook of the current market and should not be mistaken for financial advice or indication to enter into a particular trade, please confirm with your own analysis first before entering any trades based on the information from the current chart.
Yemi_Fx1 | Short Opportunity on USDJPY After three weeks of consolidation, USDJPY finally erupted, driven by the NFP release. This impulsive move respects the 90% rule.
However, the recent price action has formed a double top pattern, suggesting a potential reversal to the downside.
Based on the technical setup and potential reversal, I am biased towards a short position on USDJPY. I'm anticipating for continuation pattern for the move of price to the nearest support level at price 146.539
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EURUSDOn the euro, a similar situation to the pound, with a clearly defined long context and no liquidity work below. Upon the removal of all problematic zones below, I'm ready to consider long positions to continue the movement.
EURUSD 1h1h - The hourly timeframe continues to be in a short context, with a clear target in the form of equal lows. I plan to work on the continuation of the short context on Monday.
Conclusions: Ahead is a busy week, not only in terms of determining the global context but also with significant importance attributed to news. Thanks to them, we will be able to see clarity in the further direction of chart analysis.
EURUSD 1D1D - On the daily timeframe, we continued the trend movement towards the lower boundary of the MS-Range, with a clearly defined order flow, covering all fractal liquidity. The main target of the movement remains 1.723. I would like to remind you that if the price consolidates below this fractal, the daily context will change to a short one. Until then, we are still in a long context with a local corrective movement.
EURUSD 1hOn the hourly timeframe, locally, we are in a long context. Friday, after removing the week's minimum, experienced an aggressive long movement, breaking the short context. The priority on Monday is working in the long direction, at least until Friday's maximum. After that, we will likely continue the short movement based on the higher timeframe.
EURUSDHello everyone in the weekly review of the euro-dollar. The week turned out to be quite calm in terms of potential positions; I had none, which is fully acceptable based on my setup.
1D - We are still in a globally long trend with a corrective movement in the form of ORDER-Flow. The target for the current corrective movement is the formed fractal below in the range of 1.073 (marked on the chart). If the daily bar closes below 1.073, the context will shift to a short one.
GBPUSDHello everyone, as I mentioned yesterday and this morning, it was crucial for continuing the chart analysis to see the emergence of order flows in one direction, both on the euro and the pound. I've marked the targets for you, as well as highlighted liquidity levels on the asset charts.
Dow Jones ready to jump read the caption Dow Jones The index is drifting lower from its record high seen on Monday, but with no sign yet of a more significant move lower.The continued barrage of earnings may act to drive the price downwards, in which case last week’s lows around 37,200 may provide support. Below this, the 50-day simple moving average (SMA) becomes the next area to watch.
A close back above 38,001 leaves the index on course to hit new highs.
Eurusd expected move read the caption Eurusd relatively volatile after the latest flash manufacturing and services PMI numbers from the US and Europe. It initially jumped to a high of 1.08980 and then pulled back as traders wait for the upcoming ECB decision and US economic data.
The latest numbers by S&P Global showed that European manufacturing sector continued to contract in January as companies complained about inflation and supply chain issues. In Europe, the manufacturing PMI rose to 46.5, better than the expected 44.7. Despite the improvement, it remained below 51, meaning that the contraction phase continued.
Gbpusd confirm buy pattern read the caption Gbpusd pulled back slightly after the flash UK and US manufacturing and services PMI numbers. The pair retreated to a low of 1.2729, a few points below Wednesday's high of 1.2777.
S&P Global published strong economic numbers from the United States and the UK, signaling that the two countries started the year well.
In the UK, the manufacturing PMI rose from 46.3 in December to 47.2 in January, higher than the median estimate of 46.7. Similarly, the services PMI jumped from 53.5 to 53.7 in January while the composite PMI rose to 52.4. These numbers came a few days after the Office of National Statistics released higher inflation but weak retail sales data.
Usoil follow the trendline read the caption It has been an unpleasant month for oil traders. Crude oil has risen $3 this month but it's been a rough road getting there with repeated whipsaws intraday and extreme choppiness in trading.
Headlines about the Red Sea have been faded over and over again despite bullish implications and fears of an OPEC breakdown remain high.
However when you back it out, the chart starts to look promising. A series of higher lows began on December 14 and oil is now trading at a five-week high. If $76.16 breaks, it will be an six-week high.
GBPUSDI was waiting for the release of red news to get a clearer understanding of the price direction, given the multitude of conflicting factors. All that's important to know about news is that they simply expedite the price from point A to point B. I plan to consider long positions for the continuation of the main movement, with the target being the nearest daily fractal.
Eth bouncing area read the caption U.Today - Ethereum finds itself shaky on the edge of a precarious position. The recent price chart indicates a concerning situation: the 100-day Exponential Moving Average (EMA), a key indicator of uptrend momentum, is under threat. If this level fails to hold, Ethereum could see its value dump to the $2,447 mark, a scenario that may well trigger a more pronounced decline.
