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#GBPAUD buying opportunityHello, traders and colleagues. Let's take a look at the GBPAUD chart to explore the potential buying opportunity it presents. Recently, the price broke above the 4-hour bearish trendline and subsequently followed by a bearish retracement. This short-term bearish corrective move has also introduced another trendline, which was breached earlier today, due to worst than expected news released for the AUD this morning. Currently, the price is testing a crucial level, comprising the broken trendline and a short-term support and 1H 200 EMA which could potentially prompt the price to reverse and resume its bullish momentum. If you have found this analysis helpful, please take a moment to leave a like and a comment or share your idea with me.
Long
by mohemati
5
GBPUSD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
2
↗️USDJPY might be ready for the next bullish leg↗️USDJPY is still in technical uptrend, recently showing few cycles of reaccumulation - when prices dips below the low to manipulate weak hands, only to continue higher. In recent UJ outlook we discussed that the price need more time to accumulate before continuation, and right now it seems like UJ is starting to build up chains of demand and structure as showed on the chart. Will look for more bullishness, and if we get break to the downside - will expect further back and forth.
Long
by Yelli_trades
17
BluetonaFX - AUDNZD Range Breakout SHORT IdeaHi Traders! AUDNZD is approaching the range support area, and there is a possibility of a breakout to the downside. Price Action 📊 There was a momentum break and close below the EMA to indicate that the bears are currently in control, and this will be the third time the bears have tested at the support area. We are looking for a break and close below the support area. Fundamental Analysis 📰 The market's outlook on New Zealand has been positive, with better than expected GDP figures announced for Q2, so traders are most likely bullish on the NZD. Support 📉 1.07252 - 1.07394: SUPPORT AREA Resistance 📈 1.09130 - 1.09265: RESISTANCE AREA Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
3
BluetonaFX - USDJPY Price Channel Breakout SHORT IdeaHi Traders! USDJPY looks to have exhausted near the psychological 150.00 level, and there is a possibility of a large pullback to the long-term bullish trend we have had over the past few months. Price Action 📊 There has been a momentum break below the ascending price channel and the 20 EMA. We are looking for further momentum to take the market further below. Fundamental Analysis 📰 Weaker than expected USD GDP figures have slowed down the US dollar's strong momentum. Support 📉 148.460: PREVIOUS SWING HIGH Resistance 📈 149.506: DAILY HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
1
BluetonaFX - EURUSD Inverse Head & Shoulders LONG IdeaHi Traders! EURUSD has a potential inverse head-and-shoulders pattern forming on the 4H chart. Price Action 📊 Recent higher market swings with higher highs and higher lows, and the market is currently above the 20 EMA. We are looking for a bullish momentum break above the neckline. Fundamental Analysis 📰 ECB President Lagarde continued her hawkish stance by repeating that interest rates in the eurozone will remain high for as long as needed. Support 📉 1.05707: 20 EMA Resistance 📈 1.05936: NECKLINE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6
NZDCAD's 2:1 Reward To Risk Trade IdeaThis is bullish potential on NZDCAD. 12 hour timeframe is bullish. A new high was made on Friday. Price can go higher overnight. If it does we can adjust the take profit. Stop loss and entry will stay the same. Stop loss and entry are noted as Entry: 0.80362 Stop loss: 079827 TP: back up to highs unless price creates new fluctuation in price action. You can move stop loss lower if you prefer more room for the trade to breathe. Belief: For God did not give me a spirit of fear, but of power, love, and a sound mind. Rather this trade wins or losses, I pray God for the opportunity. If you enjoy this takeaway please like this analysis and share it.
Long
by ShaquanLopez
USDJPY, Major Broadening-Wedge, Breakout Incoming, Targets!Hello There! Welcome to my new analysis of USDJPY from the 2-hour timeframe perspective. As recent massive market alterations indicate major volatility is going to emerge especially for Forex Pairs trading against the USD such pairs can offer worthwhile trading opportunities when the necessary setups arise. Of course, a trader, or investor should not move into the market without the necessary advocation consideration. Especially, as the DXY recently showed great upside strength this is setting up an important volatility indication for a pair such as USDJPY, and as I detected now there are important formational structures that are likely to convert the whole setup into a primary setup opportunity as I am also monitoring the pair in the data dashboard. Major Bullish Broadening-Wedge-Formation and Breakout-Indications: When looking at my analysis, the most important part in my analysis is the broadening-wedge-formation USDJPY is now building up. As it is seen in my analysis the USDJPY pair already bounced to several new highs within the whole chart. This already marked a great trend-determination with further potential to increase in probability the more signs are spotted. What is so important here is that USDJPY greatly bounced above the local descending-support-line and is now building up exactly above this support matching with the 65-EMA. Above these supports USDJPY is now forming the broadening-wedge-formation as it is seen in my analysis with the wave-count within the formation already completed and the price-action to aim for a final breakout in the next times. Upcoming Perspectives, Target-Zones, and Further Determination-Factors: Currently, USDJPY is already bouncing several times into the upper boundary of the broadening-wedge-formation which indicates that the breakout is likely to arise. Once the breakout has shown up this will be the final completion setup of the broadening-wedge-formation as it is marked in my analysis. Once the setup has shown up this will activate two major target zones. The first target zone is within 149.25 level and the second target-zone is within the 150.71 level. Once the breakout has shown up these target zones are likely to be reached in the schedule, especially with a further declining U.S. CPI and the continuation of a massive bullish paradigm within the DXY the preceding wave-expansion will have an enormous effect on the USDJPY pair as well. In this manner, thank you everybody for watching my analysis about USDJPY. Support from your side is greatly appreciated. VP
by VincePrince
22
BluetonaFX - GBPUSD Descending Triangle SHORT IdeaHi Traders! GBPUSD is under serious pressure, and there is a possibility of price breaking below the four-month low. Price Action 📊 The market has reached the four-month low, creating a descending triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support line. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. Traders will be looking for positive statements from the Monetary Policy Summary later today.   Support 📉 1.23081: 4 MONTH LOW Resistance 📈 1.24216: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
BluetonaFX GBPJPY Trendline Break SHORT IdeaHi Traders! GBPJPY is approaching its trendline support, and there is a possibility of a breakout to the downside. Price Action 📊 For the past four weeks, the market swings have consistently shown lower and lower lows, which indicates a current lack of buyers in the market. We are looking for a trendline support break and a close below the 180.814 level. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low. Support 📉 180.814: MONTHLY LOW FOR SEPTEMBER Resistance 📈 181.958: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
BluetonaFX - EURGBP Ascending Triangle LONG IdeaHi Traders! There is an ascending triangle formation on EURGBP, and there is a possibility of a breakout to the upside. Price Action 📊 The market is in an ascending price channel with higher highs and higher lows since breaking above the 20 EMA, creating an ascending triangle pattern on the chart. We are looking for a resistance break and a close above the 0.87014 level. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low, whereas the market's outlook on the EUR has been recently positive, with the ECB recently raising interest rates by 25 basis points to 4.00%.   Support 📉 0.86604: PREVIOUS DAY'S LOW Resistance 📈 0.87014: TWO-MONTH HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
Why Daily Time Frame Analysis 📅🔍 Matters In the dynamic world of forex trading, one key decision traders face is choosing the right time frame for their analysis. While there are various options available, the daily time frame holds a special place for traders seeking consistency and reliability. In this comprehensive guide, we will explore the compelling reasons why traders should prioritize daily time frame analysis in their forex endeavors. With real-world examples and insights, you'll discover how this approach can lead to trading success. The Significance of Daily Time Frame Analysis Daily time frame analysis offers several essential advantages that can significantly benefit forex traders: 1. Clarity Amidst Market Noise One of the primary benefits of daily time frame analysis is the reduction of market noise. Shorter time frames, such as the 1-hour or 15-minute charts, often exhibit erratic price movements that can confuse traders. By focusing on the daily time frame, traders gain a clearer and more stable perspective of the market's overall direction. 2. Work-Life Balance and Trading Flexibility Daily time frame analysis doesn't demand constant monitoring of the markets. This characteristic is particularly appealing to traders who wish to balance their trading activities with other commitments, such as work, family, or personal life. It enables traders to engage in forex trading without feeling overwhelmed or tethered to their screens. 3. Enhanced Risk Management and Strategic Planning The daily time frame provides traders with ample time to conduct thorough analysis and craft well-thought-out trading strategies. This extra time empowers traders to implement effective risk management practices, set appropriate stop-loss levels, and plan their trades with precision. Daily time frame analysis is a valuable tool that empowers forex traders with clarity, flexibility, and enhanced risk management capabilities. By prioritizing the daily time frame, traders can navigate the forex market with confidence and a broader perspective. This approach not only leads to more informed trading decisions but also allows traders to strike a balance between their trading activities and other aspects of their lives. In the end, focusing on the daily time frame can be a crucial step towards achieving trading success in the world of forex. 📅🔍💹 Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
8
NZD/USD Analysis - Strong Support Rejection and BreakoutWelcome to our NZD/USD analysis video! In this episode, we'll be diving into an exciting trading opportunity in the NZD/USD pair, marked by a robust support rejection and a breakout from the channel. Let's explore the potential ahead! 📈 Key Analysis Points: Strong Support Rejection: Discover the significance of the recent strong support rejection and what it means for NZD/USD traders. Channel Breakout: We'll analyze the breakout from the channel and the implications it has for the pair's direction. Targeting Next Resistance: Learn about the potential price levels to watch for as NZD/USD aims for its next resistance area. Trade Setup: Get insights into potential entry and exit points for traders interested in this exciting opportunity. If you're a forex trader or investor keeping an eye on NZD/USD, this video offers valuable insights for your trading decisions. Don't forget to like this video, subscribe to our channel, and hit the notification bell to stay updated on our latest forex analysis videos. Feel free to share your thoughts and questions in the comments section below. Your feedback is highly appreciated! Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Always conduct your research and consult with a financial advisor before making any trading decisions. Trading involves risks, and it's essential to manage them wisely.
Long
by Forex_Int
2
GoldViewFX - Gold Route Map UPDATEHey Everyone, Once again you can see our chart idea is playing out in true level to level fashion. Yesterday we hit all our Bullish targets and identified the rejection. We then expected the test below at the retracement range and was looking for a break below the weighted level or a bounce off the weighted level. We stated a cross and lock below the weighted level will open the range below or a rejection for another push up. We got the break and lock below the weighted level and so the range below opened up as per the chart. Once again we saw our swing range zone in action. We saw price fall into the swing range zone. Just short of the full test but still in the zone and then followed with the swing for the 30 to 40 pip bounce inline with our plans to buy dips. Those who have followed us for over a year, know very well we are able to trade with or against the trend using these levels for the bounce or the breakout. We will now wait for either a retest to the full swing range and look for either a cross and lock to open the range below or a rejection for a push up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends. BULLISH TARGETS 1921 - DONE EMA5 CROSS AND LOCK ABOVE 1921 WILL OPEN THE FOLLOWING BULLISH TARGET 1923 - DONE 1927 - DONE BEARISH TARGETS 1915 - 1915 EMA5 CROSS AND LOCK BELOW 1915 WILL OPEN THE SWING RANGE SWING RANGE 1906 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
BluetonaFX - EURUSD Trade IdeaHi Traders,   There is a long opportunity on the EURUSD 4H chart. The market recently closed out the falling price wedge and is indicating a possible retracement to the supply zone, as the market is likely to be oversold at this point. This is also supported by the market breaking and closing above our 20 EMA. There is an opportunity for a long entry near the 20 EMA and to exit towards the supply zone. The supply zone area is 1.07582–1.07691. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX 
Long
by BluetonaFX
2
BluetonaFX - GBPUSD Potential Head and Shoulders BreakHi Traders! We have a potential Head and Shoulders break on the GBPUSD 1D chart. The price action is telling us that there is a bearish bias due to the market having lower highs and lower lows; additionally, the market is also below our 20 EMA. We are looking for a break and a close below the neckline at the 1.25479 area which is August 2023's low. As long as we remain below the 20 EMA (we MUST stay below the 20 EMA) our bearish view will continue. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
1