EURUSD is Ready to Fall===>>RR=2.20EURUSD is moving in the Resistance zone($1.092-$1.087) .
According to the theory of Elliott waves , EURUSD seems to have succeeded in completing the main wave 5 with the Expanding Ending Diagonal .
I expect EURUSD to at least fall to the Support zone($1.0806-$1.0781) .
Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Forexanalysis
NZDCAD: Bearish scenarios...! (Details on caption) By checking the hourly NZDCAD chart we can figure out that the bearish scenario is high probability.
the price cleared the liquidity above the daily candle and then shifted the market structure and also had a bearish reaction to the bearish order block.
Now, we can see the sell side liquidity which formed as equal lows, trend line liquidity, and daily FVG which can be our last target.
For seeing this bearish move I can expect two scenarios that you can see on the chart.
First, the price can move down from here.
second, because of the clean buy-side liquidity we can expect the price to sweep the liquidity first and then move down. (I prefer to follow this scenario)
As always we need LTF confirmation for entry.
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🔎 DYOR
🗓️07/06/2024
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EurUsd - Lower, 1.000 pips lowerHello Traders and Investors, today I will take a look at EurUsd .
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Explanation of my video analysis:
EurUsd has been trading in a descending channel formation for a very long period of time. At the moment EurUsd is once again retesting the upper resistance in confluence with a horizontal structure so there is simply a higher chance that we will see a continuation lower from here. This means that as stock traders - especially from Europe - we can continue to trade our U.S. stock position without worries.
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Keep your long term vision,
Philip (BasicTrading)
USD/JPY Market Analysis: Downside CorrectionThe USD/JPY has been a tricky customer in the past few weeks.
We have attempted a few shorts which did not work out, the price persisted to the upside eventually breaking key structures that hold the downside.
The Bullish breaks confirm the Longer-term trend (Bullish) has resumed, however, the current rally is losing steam and we can capture a strong reversal to reset the trend.
Overview and breakdown
Current Trend: UP-Trend
Next Expectation: Downside Correction (Secondary Trend) to discount the rally for a reset of the Up-trend and to offer a lower price discount.
Area of target: Target 1: 156.28 & Target 2: 155.23 These areas represent the key structural points. The second target is the most technical point that represents the last untested structure. This point is the safety point for the buyers that enter the bullish trend at a later date. In most cases, the price correction (Secondary trend) will get here.
Another important thing to note with the 2nd Target is that; it corresponds nicely with the Fibonacci Buy-Zone measured from the Low of the entire rise to the High.
Risk and Stop Loss: Price 157.25; Technical Stop above the Momentum High.
USDJPY can go UP by Symmetrical Triangle➡️RR=3.68🏃♂️ USDJPY is moving in an Ascending Channel (in the Daily time frame ).
📈Regarding Classical Technical Analysis , USDJPY has succeeded in breaking the upper line of the Symmetrical Triangle Pattern .
🔔I expect USDJPY to continue its uptrend due to the breakout of the Symmetrical Triangle Pattern .
👑 Position :
USDJPY
Position: Long
Entry Point: 156.340 JPY (Stop Limit Order)
Stop Loss: 155.620 JPY
Take Profits: 158.987 JPY// 157.871JPY(RR=2.13)
Risk-To-Reward: 3.68
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold Full analysis first buy Zone (2397-2390):
This zone is where you expect the price to decline.
It corresponds to the 0.382 Fibonacci retracement level.
Consider this area as a potential buying opportunity.
Strong Buy Zone (2377-2370):
This zone is even more favorable for buying.
It provides a stronger support level.
Look for buy opportunities when the price reaches this range.
GBPUSD IDEATrend Overview:
GBPUSD is currently in a bullish uptrend on the 4-hour time frame.
The trend began at 1.23000 and has seen subsequent price movements.
Key Price Levels:
First High: Reached at 1.26331.
Pullback Correction: Occurred at 1.24477, forming the first lower high.
Support Zone: Price was rejected from a strong support area between 1.24900 and 1.24600.
Recent High: Last Friday, GBPUSD made a new high at 1.27000, representing a potential resistance level.
Forecast:
Considering the rejection from the recent high, it’s likely that price will pull back toward the previous support level.
The target for this pullback is approximately 1.25742.
EURUSD IDEAExpected Price Movement:
After rejecting the upper channel line, there’s an expectation for a short correction.
The target for this correction is around 1.08059 which is the next support level
also this level aligns with the lower line of the channel.
Resistance levels 1.08950-1.09150
Support levels 1.08100-1.07950
NzdUsd continue down on retracement!Looking for Impulse Down.
Nzdusd will start to move down soon on retracement. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
GBPUSD is Ready to Go Down(➡️RR=2.58)🏃♂️ GBPUSD is moving in the 🔴 Resistance zone($1.256-$1.250) 🔴and near the Yearly Pivot Point and 200_EMA(Daily) .
💡According to the theory of Elliott waves , GBPUSD seems to have completed five impulse waves . And now we have to wait for correction waves .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect GBPUSD to continue falling at least to the 🎯Target🎯 I have specified on the chart.
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GBPUSD
🔴Position: Short
✅Entry Point: 1.2555 USD (Limit Order)
⛔️Stop Loss: 1.2600 USD
💰Take Profit: 1.2439 USD👉Risk-To-Reward: 2.58
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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GBPUSD
🔴Position: Short
✅Entry Point: 1.2504 USD (Stop Limit Order)
⛔️Stop Loss: 1.2552 USD
💰Take Profit: 1.2439 USD👉Risk-To-Reward: 1.35
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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British Pound/ U.S.Dollar Analyze ( GBPUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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AUD/CAD Sell Setup Active - Trendline Break / MA Crossover 1HRI am in a beautiful sell position on AUD/CAD.
As we can see from the chart a quite significant trendline has been broken in conjunction with the MA 50 / 20 crossing over nicely on the 1HR timeframe.
Also if you go to the daily timeframe the previous candle low has been traded through confirming potential downside.
I will be targeting the asia low that I have mapped out which would be a 2% Risk to Reward trade.
USDCAD is Ready to Go Up(➡️RR=2.48)🏃♂️ USDCAD is moving in a Descending Channel and is currently near the Uptrend line and🟢 Support zone(1.3704 CAD_1.3618 CAD) 🟢.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect USDCAD to rise to at least 1.384 CAD after breaking the upper line of the descending channel.
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USDCAD
🟢Position: Long
✅Entry Point: 1.37163 CAD (Limit Order)
⛔️Stop Loss: 1.36660 CAD
💰Take Profit:
🎯1.38047 CAD👉Risk-To-Reward: 1.76
🎯1.38411 CAD👉Risk-To-Reward: 2.48
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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U.S.Dollar/Canadian Dollar (USDCAD), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe