Forexforecast
CHFJPY analysis Today's Analysis
Bias: CHFJPY will surely touch a few times inside the bearish wedge; Precisely forming a double bottom before breaking out. (Neutral)
Reason: As noted from the higher timeframes, CHFJPY broke previous high to form a new one, henceforth we should be getting a test of the previous high before continuing in the LONG direction as the relative textbook definition of retest.
Entry(Scalps): Entry upon every touch of the trendline.
Entry(Swings): Entry upon retest of previous market structure.
Enjoy Your Day.
EUR/GBP: Pound for Pound 💷💷💷We have placed our long position recently and now expect the course to further increase. In total, we believe that the Euro should gain value against the British Pound and be exchanged at a rate of at least GBP 0.89886 by the end of the current movement. Therefore, it is necessary that the price is moving away from the yellow trading zone.
Happy trading!
EUR/USD - Did you enter with me? On April 21, I showed you how the price moves to 1.21 level. It happened and I opened a short position. Congratulations to all of us who did it with me. Target - 1.17.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZDUSD Price Action Analysis | ProtradersNetwork.comNZDUSD is in an uptrend, recently break above the resistance zone and now retesting it as a support, moreover we have a Wyckoff spring or liquidity spike which is indicating a bullish pressure incoming days. So i am long on Kiwi against USD.
NZDUSD D1 (by yoic)‘BEARISH QUASIMODO PATTERN’ in time frame D1 and RSI has shown that a bearish divergence.
You can open order sell about 0.73055 and set to stop loss according to the consideration.
Usd/Jpy Long Idea So this pair i have had my eye on it all week. Touching Monday London session, we seemed to be in a downward channel which we evidently broke out of due to an increase in buying pressure. Having a bullish overall trend on this pair on the weekly timeframe i deemed it to only be accessible to buys for the moment, so this is a perfect opportunity to have a set order at the current price I have it at. Looking down the 4hr, a point of previous support and a new resistance has been formed, which is clearly visible, so price action itself is looking clean and healthy, which enticed me to look for further confluences to pin point a entry. Drawing the Fiboncci tool from the last bearish candle push to the recent high, we mark our entry just at the 61.8 level, which is perfect in my opinion. Secondly, we saw the ATR is just below our entry point by 3 pips, which gives a strong indication that we won't over extend to the downside. My stop loss is placed just underneath a 1hr High low as if we were to see a break of that level i would deem the trade to be invalid. Take Profit is at a weekly resistance, but you know what they say, the more you hit something, the likely hood of it breaking, so if we do reach our target i would be looking for longs again to support the overall trend.
Check the status GBPJPYDescription :
After hitting the roof, a long wedge has formed a downtrend channel and has relatively good support, and if it touches its downtrend line again, it is expected to touch its downtrend again. If this downtrend continues, it is likely that To accompany the price for 2 years of wedge floor.
AUDUSD PriceAction Analysis | Protradersnetwork.comAUDUSD is in an uptrend, recently break above the resistance zone and now moving upward direction, i am waiting for a retest of 0.7756 level, if we got a pullback here at the zone i will be buying.
USDJPY LONGPrice has been trending in a descending channel. Looking for a reversal from this area. Use proper risk management.
In an ascending channel
Description
As you can see, it is in an ascending channel and by hitting the bottom of the canal, it provides the possibility of re-ascending to the ceiling of the Channel. Can be seen
We have to wait to see if we will climb after hitting the bottom of the channel Or losing the trend line.
Gold sells today intraday tradingGold is currently on a bearish pattern .....gold should sell till london session starts.....when we shall take our first profits and wait for it to pullback then re-enter with a sell again ..... This shall continue untill tomorrows unemployment news release on USD where we shall go long....
AUD/USD Forex Profits and Result from Previous AnalysisThose of you who followed, in the morning you can now see how price respected our markup to the downside. Though the price is yet to hit our TP but it has provided more than +71 Pips already. Trading like the banks is the best forex strategy you will ever need to succeed in forex. SIMPLE.
GBPNZDTREND LINE BREAKOUT
BREAKER BLOCK TESTED
LOWER LOW FORMED AND NEW LOWER HIGH RESPECTED
HEAD AND SHOULDER PATTERN FORMING
EUR/USD Long Term AnalysisThe EUR/USD has been on the bull for quite some time now, you can agree that whatever goes up must surely come down. That order block which was marked I expect the price to react to it because it actually took out liquidity off the market. i.e It raided the stop losses of all the retail traders. So I expect a bullish movement to that order block then a sell to at least that bullish order block as a retracement.
Cable breaking higher...GBPUSD looking very bullish and has the weekyl highs in sight. Will be looking to buy the dips!
Dollar/Yen Long Position | +27.6 pipsLong position on (EURUSD) +27 pips.
Clean and simple trade setup taken earlier today, price formed intra hour support starting at 1.19506 and second bounce at 1.19590, our 3rd bounce happened with our intra hour resistance trend-line meet up, as you can see we have two trend-lines ( Support & Resistance ) red and green blocks have been added to show this better, red (Resistance) and green (Support) our resistance trend-line started at 1.19387 and 2nd bounce at 1.19712 - we then failed to hold below this level and found a break and closure above, our closure above set at 1.19884 and then we corrected back down to re test the support trend-line and previous resistance trend-line that's now new support, we also tapped into the 61.80% fibonacci correction tool, 4+ confirmations, stops were set below the 61.80% at 3 pips and target into previous highs for +27 pips | If you have any questions on this then please comment and I'll reply as soon as I see the Q | I will appreciate a thumbs up :)
