A Bearish RollerCoaster ... 100 Pips in SightWe are witnessing a strong bearish momentum on this pair. From the Monthly to the 1 hour charts, all the timeframes are bearish.
Comign through from yesterday's analysis of this pair, we see how prices have continued to melt towards our 4 hour and 1 hour timeframe targets.
From yesterday, we see how the market gave is a nice dip that went to hit our liquidity target. We are seeing a retracement into the PB. We have marked out our zone in line with the Panzy Pips education strategy, and now we are waiting to see prices come into our zone, give us some good bearish reversal, afterwhich we will look to jump on the bearish rollercoaster as the market glides down towards the liquidity target below.
Forex-trading
Another Chance to Catch the TradeWe have been bearish on this pair since last week, when we started sharing our analysis actively.
Yesterday, we caught the trade from the top and were able to watch it progress to where it stands currently.
You missed the trade entry yesterday. That's ok. Because right now, you have a chance at joining the trend.
With the market making a pullback into our PB and entering our zone, we have begun to see signs of a bearish reversal that should see prices melt towards our liquidity target below. We are setting up to catch another entry off this pair, and our setup is seen on the chart.
Our trade entry is a SELl STOP and we are looking to get taken in when the market reverses.
Looking to go the full length of what is left, our target remains the liquidity target below.
A Bullish U-Turn in SightSo finally, we have come to the end of the 1-hour bearish trend that was based on the 4-hour bearish swing.
Remember that our trading Bearish was a counter trade in light of the 1 hour. Even though we were stopped out on that trade, I am sure we have all learned a very important lesson: always listen to the trend and go in its direction. Recall that the 1-hour was screaming bullish while the 4-hour was bearish. The 1-hour chart definitely chose to hold strong and move the market in its direction.
So let us now look at the market in the direction of the trend.
On the 1-hour chart, we can see that the market has made three bullish swings. It is currently making 3 PBs to the top. On the 4-hour chart, the market is equally bullish, with 1 PB to the up side. On the daily, we still have the market in a bearish PB.
The bullishness of the 1 hour and the 4-hour charts are likely to be retracements on the daily charts. Be that as it may, we will still expect the bullishness to hold sway and look for trading opportunities in that direction.
We would expect the market to remain bullish until the daily zone. The zone is our refinement of our bearish PB. When the market gets there, we will be more attentive to see a reversal play out.
We have established that the market is currently bullish on the 1 hour and 4 hour charts. So let's consider some trading opportunities. On the 1-hour chart, we have 3 PBs to the top side. We expect to see a bearish market pullback to give us an opportunity to get in on the LONG trade. The market is expected to retrace to our zone, as marked on the chart. From there, we would look to trade bullish using one of the trade entry methods taught at Panzy Pips Forex.
There is also the likelihood of the market reversing without getting to our marked reversal zone. Where that happens, we will apply the rules taught by Panzy Pips to catching such trades, and we will look to catch that wave all the way up to the top.
Long story short, we are out of this trade, and the trend is bullish on the 1-hour chart.
EUR/USD : The world simultaneously decreased📌This weekend, the US Federal Reserve (Fed) and the Bank of England (BoE) are both expected to keep interest rates steady, so the focus will be on the message from policymakers.
📌US nonfarm payroll data later this week will also be important for the Fed's interest rate hike path. Wall Street economists expected 188,000 new jobs in the United States in October, according to a Reuters poll.
⚡️In the opposite direction, the Euro increased 0.5%, reaching 1.0615 USD. The British pound increased 0.4%, reaching 1.2164 USD.
EURGBP Swing Entry OpportunityEURGBP is not the most trending currency pair, but I do believe are some momentum plays. They're slow to form, like taking all of last week, but the trend change does spell some opportunities.
There are two key points that signalled the reversal and hold.
Price broke above a consolidation that I marked for a reversal change signal.
Shortly after the neckline breakout, price formed another consolidation. Two weeks ago, price broke above that consolidation and halted shortly after the breakout.
For the week ahead, I'm watching to see if momentum picks up. If I do see stronger bullish candles, this will be good consideration to scale into a long position.
Potential Reversal Play on NZDJPYObserved a reversal and channel break on NZDJPY. It's a bit too early to tell at the moment given that I haven't seen anything structural over on the weekly timeframe. But, getting in early does help ensure a high R:R if this trend holds.
Over the past two months, I've marked four points of interest:
Price breaches previous high formed around mid-June of this year.
After a quick pullback, price re-tests the high but fails to sustain.
This is where we see the neckline breach as price closes below a prior support level.
A range was formed mid-October and Friday's close was a good indication that I should be keeping a close eye on this pair for further downside action next week.
DXY: Channel Down on the 1D timeframe.The U.S. Dollar Index is reversing at the top of October's Channel Down on a technical outlook that is about to turn neutral (RSI = 56.064, MACD = 0.260, ADX = 25.484). As long as the price stays inside the Channel Down, we are bearish, aiming at the 1.1 Fibonacci extension (TP = 105.225). If the price crosses over the top of the Channel Down, while the 1D MACD forms a Bullish Cross, we will buy, aiming at the R1 level (TP = 108.000).
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We are Still BearishAs promised, we are here with the 4-hour chart analysis.
If you have been following our analysis for a while, it would be absolutely clear to you from our charts that we are in a 4-hour bearish swing. The harmet is heading for the daily liquidity target below.
We are currently experiencing a bullish retracement on the 4-hour. This is necessary as the market never moves in a straight line. With 1 PB down, the 4-hour chart has retraced to gather momentum for the next dip towards the daily liquidity target.
We have refined our PB to a zone. The zone is as marked out on the chart, We expect to see some bearish reversal at this point. Where that is the case, this pair is expected to resume it bearish run towards the daily liquidity target.
EURUSD: Medium term buy opportunity.EURUSD was rejected on the 1D MA50 and turned into a sell that hit our target and the bottom of the Channel Up. Now that 1D is neutral again technically (RSI = 48.387, MACD = -0.002, ADX = 24.654) and the 4H MACD formed a new Bullish Cross (every Channel Up bottom has been formed on one) we can buy again and aim for another +1.85% rise (TP = 1.07150). A crossing over the R1 level (1.07375) would be bullish on the long term and target the 1D MA200.
See how well our prior idea has worked:
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Bulls now in ControlThe 1 hour chart has maintained its bullish momentum fron yesterday. It has gone ahead to clear out the 4 hour zone and breach the 4 hour Bearish PB.
Trend is now Bullish on the 1 hour and 4 hour timeframes, and this brings them in sync with the direction of the Daily chart timeframe
With our new Bullish PB in place on the 1 hour chart, we have marked out our zone for expected Bullish reversal. We will be looking to take trades when the market returns to the zone, using one of the methods taught on the Panzy Pips course
Bullish and Bearish... Which way to Trade?The pair is Bullish on the 1 hour. With the breach of our zone and PB of the 1 hour timeframe from yesyerday, as is clear that the 1 hour chart has reversed from a bearish perspective to a completely Bullish one.
The only trouble here is the on the larget timeframe of the 4 hour and above, the market is still bearish as the Bearish PBs are still in place.
It would therefore be more comfortable to consider the 1 hour bullish impulse as a retracement on the larget timeframe.
Be that as it may, because we are looking to trade the 1 hour chart, though in the direction of the higher timeframes, we will narrow our attention to just the 1 hour for now and monentarily forget about what the larger timeframes are saying.
We will be looking to see prices retrace Bearish into our PB and the marked zone. When market reaches our zone, we will use the Panzy Pips formula to confirm a Bullish reversal, following which we will apply one of the Panzy Pips trade entry methods to take our trade.
NZDUSD: Important Bearish Confirmation 🇳🇿🇺🇸
NZDUSD broke a support line of a rising parallel channel,
retest a broken horizontal daily demand zone.
It is an important sign of strength of the sellers.
I believe that the pair will start falling now to 0.584 / 0.582 levels.
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Q3 Sell Off Bias Breakdown Part 2 Hello, in this analysis, I saw the potential for this sell-off around August 8th. I just never posted it, but I was chatting with AI to see how many months, days, weeks, or years equaled how many candles. So, I picked the 91-day timeframe because I will normally be on the right side of the trend most of the time, as that is higher than the monthly, weekly, daily, etc. in terms of higher timeframe bias. More advanced break down
PART 1 LINK:
SHORT is the Way to GoThis pair has witnessed a continued melt in prices. It is bearish across several timeframes.
With the last swing just completed, we are looking forward to our next trade. In which direction are we looking to trade? Did i hear you correctly? Did you say BEARISH?
Hell yes. BEARISH IT IS...!
We are holding on to the bearish perspective as shown to us by the markets.
We will wait for the market to come into our PB, and from there, using one of the various Panzy Pips trade entry methods, we will take our trade all the way down to the liquidity target of the 1-hour timeframe.
NZDJPY - Following The Trend ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Daily: Left Chart
NZDJPY has been overall bullish trading inside that big wedge pattern; and it is currently retesting the lower bound / orange trendline.
on H1: Right Chart
For the bulls to take over, and activate our buy setup, we need a break above the last high in gray.
Meanwhile, NZDJPY would be bearish and can still trade lower, especially if the 87.0 daily low is broken downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD: EUR/USD recovered to 1.0600 as USD reversed to declineEUR/USD was pressured in the European session by the conflict in the Middle East and the broad recovery of the USD and US government bond yields. The next key event is the EU Consumer Sentiment Report.
EUR/USD is currently rising for the 3rd day in the past 4 days and is above the 20-day MA. Technical indicators on the daily chart show bullish signals, with RSI moving higher. If the day closes above 1.0640, the bullish momentum could continue. On the contrary, if the price falls below the 1.0500 support, it will attract more selling pressure.
EUR/USD is currently rising for the 3rd day in the past 4 days and is above the 20-day MA. Technical indicators on the daily chart show bullish signals, with RSI moving higher. If the day closes above 1.0640, the bullish momentum could continue. On the contrary, if the price falls below the 1.0500 support, it will attract more selling pressure.
EURUSD: Structure Analysis & Important Key Levels 🇪🇺🇺🇸
Here is my latest structure analysis for EURUSD.
Horizontal Key Levels
Resistance 1: 1.0620 - 1.0640 area
Resistance 2: 1.0690 - 1.0740 area
Support 1: 1.0495 - 1.0510 area
Support 2: 1.0450 - 1.0467 area
Vertical Key Levels
Vertical Resistance 1: Falling trend line
Consider these structures for pullback/breakout trading next week.
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A potential turning for USD?Things have not turn out to be bearish yet, but a potential h&s could be in play if 105.50 zone is to give way. Watch for it!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EURJPY The yen may continue to declineInternational Monetary Fund (IMF) officials said that the yen's depreciation could further worsen as a result of the negative interest rate policy.
“As for the yen, we believe exchange rates are influenced by fundamental factors. As long as interest rate differentials persist, the yen will be under downward pressure,” said Sanjaya Panth, IMF deputy director for Asia and the Pacific. He spoke on the 14th of the month.
Japanese officials are under fresh pressure to prevent further depreciation of the yen. Investors now expect US interest rates to remain high for an extended period of time, while Japan will continue its negative interest rate policy. However, the IMF believes that intervention only makes sense when there are severe market abnormalities, an increased risk of financial instability, or sudden changes in inflation expectations. Asked whether the recent depreciation of the yen had prompted authorities to intervene, he said: "I don't think there are any of these three cases."
EURJPY Comment downGeopolitical influences do not play a role in sustainably subsidizing the Yen. Yesterday the USD/JPY exchange rate once again approached the observation level of 150; Specifically, it reached 149.74, then decreased slightly back to 149.56. The Yen has recently been fluctuating around the observation threshold, currency investors in the market are still observing the actions of the Japanese Government.
While many investors are still observing the market, many others determine that the Japanese Yen is in its 'weakest' stage and is 'bottom-fishing' for the Yen.