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CADAUD Falling Wedge PatternCADAUD, the Canadian Dollar against the Australian Dollar, is showing signs of a potential reversal as it reaches the end of a falling wedge pattern at a key support level. This pattern typically indicates a potential trend reversal from a downtrend to an uptrend. Traders considering this potential reversal may set a take profit level at 1.1148, aiming for an upward price movement towards this target. To manage risk, it is recommended to place a stop loss at 1.0960, serving as a safeguard in case the reversal does not materialize as anticipated. While the falling wedge pattern and support level provide encouraging signals, it's crucial to consider other factors such as market conditions, fundamental analysis, and overall market sentiment. Technical patterns alone do not guarantee successful trades, and it's essential to closely monitor the market for any potential changes. Looking forward to read your opinion about it.
Long
by TopgOptions
GBPUSD - Powerful IMPULSE leg 200pips GBPUSD is showing a really good STRENGTH from last week, right now we are reaching OVERBOUGHT levels but DIRECTION on this trade is still LONG. #1 ENTRY (Risk Entry, Good Reward) -: Enter LONG only when price pullback to the BASELINE/Automated KEY ZONE. INVALIDATION Invalidation on this trade happens only when DXY SHORT play get invalidated (See the DXY idea to check the exact levels) TARGETS If LONG gets triggered, exit here will be at PMtH level (Previous Month High). P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
by TheHOODofCRYPTO
Buying Trend Continuation on CHFJPY. The Swiss Franc/ Japanese Yen pair appear to be on a strong bullish direction since September 2016. However, since January 2023, we can see a steeper and stronger bullish pressure on the pair. The CHF/JPY pair is currently trading in a swing Premium level, and has been for months, but while we predict that the pair should sell, Fundamentals has also been adding to the massive gain in the CHF pair. Our confluences for a Bullish trend continuation include: 1. HTF bullish trend. 2. FVG range (146.402-149.287) is unbroken, but instead acts as a SUPPORT LEVEL. 3. Price hasn't still reached our main Point of Interest (POI, which is at 158.520). 4. Price is currently at Equilibrium on the Daily chart. Therefore, we are expecting a consolidation on the 50% level, before an expansion towards 155.583. Let's be expectant between today and Friday.
Long
by preciousjames517
SasanSeifi 💁‍♂️EURUSD👉4H 🔻▪️Hello everyone ✌ In the 4-hour time frame, as you can see, it is currently trading in the range of 1.079. The scenario that we can consider in the time of 4 hours, due to the positive reaction to the price range of 1.076, the possibility of a slight positive fluctuation of the price can be considered, and then we can see further correction of the price.The corrective targets are 1.075 / 1.073 / 1.071 / 1.069. ❗️ 🔸The possible trends are also marked on the chart. ⚠️In case of a positive fluctuation, to better understand the movement process,WE have to see how the price will react to the resistance range of 1.083/1.089. Otherwise, if it penetrates above the price range of 1.089 and stabilizes, the possibility of fielding the desired scenario can be considered. ❎ (DYOR)...⚠⚜ What do you think about this analysis? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
Short
by SasanSeifi