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)
Forexanalysis
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.
GBPCAD BUY SIDE ROBBERY PLAN TO MAKE MONEYDear Robbers,
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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
EURGBP Analysis (10th April 2024)
Market Analysis PT2/2 (9th April 2024)
EURGBP Analysis
On the 4 hour Timeframe, Price action has rejected of a 4 hour resistance level, creating a bearish 4 hour Change of character, followed by a BOS. This price action has resulted in a formation of a bearish FVG and a bearish Orderblock as well.
In order for price action to continue shorting, i expect price to pullback into either the FVG or the Orderblock before creating a 15 minute Change of Character to continue shorting.
Should the FVG be tapped and rejected, i expect a sharp rejection off the FVG, not a slow one. If a slows rejection shows up, highlikely hood for price action to fill the FVG and tap in to the Orderblock before seeing some proper rejections.
Make sure to risk less if you do take this set up as there is CPI and FOMC coming up later on during the NY session.
GBPJPY Analysis (10th April 2024)
Market Analysis PT1/2 (9th April 2024)
GBPJPY Analysis
On the daily timeframe, Price action has created a daily fair Value Gap. Since the over trend is bullish after creating a bullish Change of Character and a BOS to the upside, I am primarily looking for Longs.
What i want to see price action do is to come into the daily Bullish Fair Value Gap and reject off it, creating a 15 minute/1 hour bullish Change of Character. This will tell me that price action is still bullish and we can continue looking for longs in alignment with the daily timeframe price action.
Ideally price should come and tap into the 1 hour Bullish Orderblock where we can look for potential longs as an added confluence.
Remember to Risk less when trading this Tomorrow as there is CPI and FOMC Minutes coming up so there will be increased volatility in the markets.
Xauusd analysis is ready to target 🎯🎯traders Gold price is ready to fly
My dear subscribers
My technical analysis is for Gold below
The price is coming around a solid key
Level 2356
Now Xauusd market 2356
Support zone 2345
Target zone. 2415
Bis_ Bullish
Technical indicators Pivot point low
anticipates a potential price reversal
Super trend shows a clear buy giving a
Perfect indicators convergence perfect
Indicators convergence
Give us like and comments support us
USDCAD Analysis (8th April 2024)
Market Analysis PT2/2 (8th April 2024)
USDCAD Analysis
On the daily timeframe, Price action has rejected of a resistance of the Daily William Certified Range(WCR). This can be seen clearer on the 1 hour timeframe.
On the 1 hour Timeframe, we have created a Sharp rejection off the Daily support, which created a bearish 1 hour Fair Value Gap in the process.
Should price continue to Respect this WCR, i would look for price to reject off this 1 hour Fair Value Gap before creating a 5/15 minute Change of Character before looking for shorts.