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🚨CADNZD is Ready to Fall ➖5%🚨✅ CADNZD has managed to break the 🟢Support zone(1.213 NZD-1.202 NZD )🟢, SMA(200) , Yearly Pivot Point(1.202 NZD) , and the Support line . 💡We can consider the movement that CADNZD started about a year ago as a corrective movement in the direction of its previous main movement, which was downward and with high momentum. 🔔I expect CADNZD to continue its downward trend in the coming weeks and drop to at least 1.152 NZD. Canadian Dollar/New Zealand Dollar Analysis (CADNZD), Daily 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 be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
1
GBPCAD can go 🚀UP🚀 to next 🔴Resistance zone🔴🏃‍♂️ GBPCAD has been moving in the Ascending Channel for more than two months and it seems that it can maintain this trend in the ascending channel in the coming weeks. 🏃‍♂️ GBPCAD is currently moving near the 🟢 Support zone(1.712 CAD-1.700 CAD) 🟢 and the lower line of the ascending channel. 🌊In terms of Elliott wave theory , GBPCAD seems to have succeeded in completing the main wave 4 near the lower line of the ascending channel. 🔔I expect GBPCAD to go up to at least the 🔴Resistance zone(1.738 CAD-1.728 CAD)🔴 to complete the main wave 5 . British Pound/Canadian Dollar ( GBPCAD ) 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.
Long
by pejman_zwin
3
BluetonaFX - AUDUSD Double Bottom OpportunityHi Traders! AUDUSD looks bullish. There is a double bottom forming on the chart, and there are opportunities for long entires. Here are the details: The market is currently holding above the price rejection support level of 0.65710. Preferred Direction: Buy Entry Level: 0.65737 Stop Level: 0.65494 Target Level: 0.66302 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
EURUSD TRADE IDEA 30/11/2023In this video, I the possibility for a continuation upwards on eurusd. I also talked about the things I will like to see the market do before I will be looking for entry positions for a long trade. I also talked about the possibility for the price to continue downwards since it's coming off a weekly 61.8 fib level. I talked about what I will expect the market to do before I conclude that the direction of the price has change from an uptrend to a downtrend. I'm sure you will enjoy this video so please give me a boost and also follow me.
by Francisbluepipsfx
📈 AUDJPY: Analyzing Upward Momentum and Potential BreakoutHello fellow traders! Today, let's delve into the FX:AUDJPY currency pair. Here's the breakdown: 🕰️ Timeframe Analysis : The pair is predominantly exhibiting upward momentum on the 4-hour chart, showcasing a bullish trend. ⚖️ 1-Hour Chart Dynamics : However, a closer look at the 1-hour chart reveals an attempt to break the support trend line. A potential breakout is in the cards. ❌ Caution on Breakout : Despite the attempt, there's a likelihood of a fakeout, suggesting a failed breakout. Keep a watchful eye on this development. 📈 Opportunities for Upside : Notably, there are opportunities for an upward move, with support levels evident. I've marked anticipated future upward movements with yellow candles. ⚠️ Risk Disclaimer : This analysis is not a guaranteed trading signal. It's crucial to conduct your research and analysis before making any trading decisions. 🤔 Your Analysis : How are you interpreting the AUDJPY movement? Share your insights and strategies with the community. 👋 Until Next Time : Remember, always trade responsibly. Thank you. See you in the next post! Best regards, Alpha Trading Station
Long
by AlphaTradingStation
$AUDUSD Bullish Momentum LONG The current outlook for AUDUSD reveals a compelling narrative of bullish consolidation in the short term. As outlined in the provided chart, the pair exhibits patterns indicative of a bullish stance, suggesting a period of strategic accumulation. Technical Indicators: Candlestick Patterns: Noteworthy bullish candlestick patterns, as illustrated, underline the market sentiment favoring the upside. Moving Averages: The alignment of moving averages supports the notion of a consolidative phase, emphasizing the potential for an upward breakout. Fibonacci Levels: Key Fibonacci retracement levels coincide with areas of consolidation, adding confluence to the bullish scenario. Quantum Probability Indicator: Intriguingly, our proprietary quantum probability indicator provides a unique dimension to this analysis. It discerns a notable buildup of buying pressure, reinforcing the bullish sentiment observed in the technical patterns. This indicator serves as a valuable complement, enhancing the overall confidence in the potential bullish trajectory. w.aritas.io Trade Considerations: Entry Point: A strategic entry point within the consolidation zone, following confirmation of the bullish bias, is advisable. Take Profit (TP): Set conservative take-profit levels in alignment with key resistance zones or use a dynamic approach based on subsequent price action. Stop Loss (SL): Implement a disciplined risk management strategy with a well-defined stop-loss, considering the recent support levels and volatility metrics. Market Context: Macro-level considerations, such as interest rate differentials, economic data releases, and geopolitical factors, should be monitored. Additionally, any developments in global risk sentiment may impact the AUDUSD pair. Conclusion: In conclusion, the AUDUSD pair presents an intriguing opportunity for traders, with a bullish consolidation pattern supported by technical indicators and reinforced by our quantum probability indicator. While opportunities exist, prudent risk management and ongoing market monitoring are essential components of a successful trading strategy. Disclaimer: Trading involves risk, and it is advisable to conduct thorough personal research and seek professional advice before making any trading decisions.
Long
by wikitrades
2
$USDJPY Short (Short-Term)Technical Analysis Report: USDJPY Trading Opportunity Overview: At the current juncture, USDJPY is positioned at 149.450, showcasing discernible indications of a bearish reversal. Notably, a bearish RSI divergence signals a misalignment between price action and relative strength, suggesting potential vulnerability in the prevailing uptrend. Technical Indicators: Further substantiating the bearish sentiment, the MACD remains entrenched in negative territory, underscoring the prevailing bearish momentum. Additionally, insights derived from our proprietary probabilities indicator on w.aritas.io illuminate a notable surge in selling pressure. Trade Setup: The proposed strategy entails a prudent SHORT position initiation, contingent upon the confirmation of a breakdown at 150.690. This entry point is strategically chosen to align with the identified technical weaknesses in the current market structure. Risk Management: To mitigate potential downsides, a meticulous risk management strategy has been devised. The Take Profit (TP) objective is judiciously set at 145.450, offering a favorable risk-reward profile. Simultaneously, a well-calibrated stop-loss order is positioned 0.83% above the Yearly resistance, providing a defined exit strategy. Market Context: Contextualizing the trade within the broader economic landscape, the prevailing conditions suggest an advantageous environment for a resurgent greenback. This perspective is fortified by the observation of a gradual uptrend in the EURUSD, further reinforcing the anticipation of a prolonged USDJPY upswing. Future Outlook: In alignment with our comprehensive analysis, we posit that the current correction is a precursor to an imminent bullish resurgence in USDJPY. Our projections point towards a potential retest of yearly resistance levels in the first quarter of 2024. Conclusion: This meticulously curated analysis seeks to present a comprehensive view of the current USDJPY scenario, substantiating a compelling SHORT position opportunity. However, it is incumbent upon traders to exercise prudence, maintain vigilance, and adapt to evolving market dynamics. As always, thorough risk assessment and adherence to a disciplined trading strategy are paramount. Disclaimer: Trading involves inherent risks, and past performance is not indicative of future results. It is advised to consult with financial experts and undertake independent analysis before making trading decisions.
Short
by wikitrades
2
BluetonaFX - AUDUSD Third Attempt at Range Zone ResistanceHi Traders! AUDUSD has reached the resistance of its range zone, and there is potential for a resistance break if the bullish momentum continues. Price Action 📊 The price action looks bullish, with market swings showing higher highs and higher lows. The market broke and closed above the 20 EMA yesterday with huge momentum. Additionally, this is the third attempt at the range zone resistance, which indicates that buyers want to take the market upwards. We are looking for further bullish momentum, and our plan is to buy the market dips and retracements. Fundamental Analysis 📰 Weaker than expected data has recently been coming out of the US, and this may be a sign of the US economy slowing down towards the end of the year. US retail sales are out later today, and if the figure is weaker than expected, traders will start to get increasingly nervous about the US dollar. Support 📉 0.63604: PREVIOUS DAY'S LOW Resistance 📈 0.65230: RANGE ZONE RESISTANCE 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
BluetonaFX - GBPUSD Double Top PatternHi Traders! There is a potential double-top pattern on the GBPUSD 3H chart around the new monthly high. Price Action 📊 After the break above the previous monthly high at 1.24286, the market traded with further momentum and reached the new monthly high at 1.25058, then had a pullback to the neckline support at 1.23740. The market is now re-testing 1.25058, and if there is a hold here with no further bullish momentum, the pattern will become a double top and will likely target the neckline support again. Fundamental Analysis 📰 We have BoE Governor Bailey speaking later, so we must be wary. Depending on what he says, the market could react very aggressively.   Support 📉 1.23740: NECKLINE SUPPORT Resistance 📈 1.25058: MONTHLY 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
CAD/CHF carnage not over yet next target 0.6050The currency pair has been falling since 6 June 2023... It's gone on a strong downtrend channel, which has not been good for the Canadian Dollar. Lately it's formed not one but TWO bearish chart patterns. M Formation and Inv C&H And the price has broken below both the neckline and brim level. This means, there is more downside to come with a target of 0.6050. Other indicators confirm the bearish momentum 200>21>7 - Bear market RSI<50 Target 0.6050
Short
by Timonrosso
EURUSD ANAYLYSIS 16/11/2023I'm sorry I'm unable to make a video today. I'm currently down with ear pain, catarrh, cough and sore throat, and they're killing my voice. For today, I'm not expecting much. The price appears to be rejecting the weekly 50% fib level I have been talking about. This means there's a possibility for a move downwards today too. On the 4h timeframe, the price looks like it's respecting the ascending channel I added to the chart in yesterday's video. This is in alignment with the weekly fib level rejection. It also supports a move lower. From the 1h timeframe, We can see that the price is already creating lower lows and lower highs which signifies a down trend. This simply means all the relevant timeframes are in alignment for a move downwards, so I'll be looking for shorting opportunities on this pair today. However, we already know that it's not wise to just take a trade from anywhere so the big question is what level will I be looking out for. I will be looking out for the 1.08500 level. That is the nearest psychological level to the price and it is currently trading below that level. What I will be doing now is just to wait for the price to get to the 1.08500 level. When it gets there, I will expect to see the price show me an entry reason to this pair. If the price does that, I'll take a short trade. But if the price just breaks higher and keeps moving, then there's no trading opportunity. Always apply proper risk management when trading.
by Francisbluepipsfx