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USDJPY - Feb 19 2025 Sell position- CLASSIC!Hey everyone! It's been a while since I last posted—I've been busy refining my prop firm account this 2025. Since January 9, USDJPY has been in a successful distribution phase, so I'm now shifting my HTF bias to a sell position. - Currently riding sell positions targeting 1:2R, 1:3R, and 1:5R (intraday trades). Check the charts for details—just a simple price manipulation setup. This time, though, London got manipulated instead of the Asian session. Classic 1:5RR move! #consistency #tradeforaliving #rightpsychology
Short
by glyrad
#GBPJPY 1DAYGBPJPY (4H Timeframe) Analysis Market Structure: The price is currently forming a symmetrical triangle pattern, indicating consolidation and decreasing volatility. This pattern suggests that the market is in indecision, and a breakout in either direction could lead to a strong move. Forecast: A breakout on either side will determine the next direction. Traders should wait for confirmation before entering a position. Key Levels to Watch: - Entry Zone: A buy position can be considered if the price breaks above the upper trendline, while a sell position can be considered if the price breaks below the lower trendline. - Risk Management: - Stop Loss: Placed beyond the breakout level to manage risk. - Take Profit: Target key support or resistance levels based on the breakout direction. Market Sentiment: The symmetrical triangle pattern suggests that momentum is building up, and a strong move is expected after a breakout. Waiting for a clear confirmation will help avoid false signals.
by PIPSFIGHTER
#AUDUSD 1DAYAUDUSD (4H Timeframe) Analysis Market Structure: The price has been in a downtrend but has now broken above the downtrend resistance, signaling a potential shift in market direction. A breakout from this level suggests that buyers are gaining strength, possibly leading to further bullish movement. Forecast: A buy opportunity may arise as the breakout indicates a change in trend. Waiting for a retest of the breakout level for confirmation can provide a stronger entry point. Key Levels to Watch: - Entry Zone: A buy position can be considered after a successful breakout and retest of the previous resistance as support. - Risk Management: - Stop Loss: Placed below the breakout level to minimize risk. - Take Profit: Target key resistance zones where price may face selling pressure. Market Sentiment: The breakout of the downtrend resistance suggests that bullish momentum is increasing. A confirmed retest with strong price action can provide better confirmation for an upward move.
Long
by PIPSFIGHTER
#NZDUSD 4HNZDUSD (4H Timeframe) Analysis Market Structure: The price is forming an expanding pattern, indicating increased market volatility and potential bearish movement. This pattern suggests that price swings are widening, with lower lows and higher highs, often leading to a strong directional move once a breakout occurs. Forecast: A sell opportunity is anticipated as the expanding pattern signals possible downside movement, especially if price rejects a key resistance area. Key Levels to Watch: - Entry Zone: A sell position can be considered near the upper boundary of the expanding pattern or after confirmation of bearish rejection. - Risk Management: - Stop Loss: Placed above the recent swing high to manage risk. - Take Profit: Target lower support zones based on previous price action. Market Sentiment: The expanding pattern reflects increasing price fluctuations, and if sellers gain control, a strong bearish move can follow. Confirmation through price action and volume analysis will help validate the trade setup.
Short
by PIPSFIGHTER
#USDX 4HUSDX (4H Timeframe) Analysis Market Structure: The price is forming a flag pattern, which is generally considered a continuation signal. This indicates that the market is in a consolidation phase after a strong move, and a breakout could lead to further bullish momentum. Forecast: A buy opportunity may arise if the price breaks above the upper trendline of the flag pattern, confirming bullish strength. Key Levels to Watch: - Entry Zone: A buy position can be considered after a breakout above the flag pattern with strong volume. - Risk Management: - Stop Loss: Placed below the recent low to manage risk. - Take Profit: Target the next key resistance levels based on previous price action. Market Sentiment: The flag pattern suggests that the market is pausing before continuing its upward move. Waiting for a confirmed breakout will help align with the prevailing trend and avoid false signals.
VANTAGE:USDXLong
by PIPSFIGHTER
#GBPJPY 4HGBPJPY (4H Timeframe) Analysis Market Structure: The price is currently testing a key support level, indicating potential buying interest. If the support holds, buyers may step in to push the price higher, leading to a possible bullish move. Forecast: A buy opportunity may arise if the price shows signs of rejection at the support level, confirming that buyers are defending this area. Key Levels to Watch: - Entry Zone: A buy position can be considered if the price holds above the support level and shows bullish confirmation. - Risk Management: - Stop Loss: Placed below the support level to manage risk. - Take Profit: Target higher resistance zones where price may face selling pressure. Market Sentiment: The support level is a key area where buying pressure may increase. Confirmation through bullish price action will provide more confidence in a potential upward move.
Long
by PIPSFIGHTER
#AUDUSD 4HAUDUSD (4H Timeframe) Analysis Market Structure: The price is forming an expanding pattern, indicating increased volatility and uncertainty in market direction. Additionally, a sell engulfing candlestick has appeared, suggesting strong bearish momentum and potential downside movement. Forecast: A sell opportunity is anticipated as the expanding pattern, combined with the sell engulfing area, signals increased selling pressure. Key Levels to Watch: - Entry Zone: A sell position can be considered near the recent resistance area where the sell engulfing pattern has formed. - Risk Management: - Stop Loss: Placed above the recent swing high to manage risk. - Take Profit: Target lower support levels for potential downside movement. Market Sentiment: The formation of an expanding pattern with a sell engulfing candlestick suggests that bearish pressure is increasing. Monitoring price action and confirmation signals before entry will help align with the prevailing trend.
Short
by PIPSFIGHTER
ETHUSDT 4HETHUSDT (4H Timeframe) Analysis Market Structure: The price is consolidating within a symmetrical triangle pattern, indicating a phase of indecision in the market. This formation suggests that the price is preparing for a breakout, but the direction is uncertain until a confirmed move occurs. Forecast: A breakout in either direction will determine the next potential trend. Traders should wait for a clear breakout with volume confirmation before entering a trade. Key Levels to Watch: - Entry Zone: A breakout above the resistance trendline may indicate a buying opportunity, while a breakdown below the support trendline could signal a selling opportunity. - Risk Management: - Stop Loss: Placed beyond the breakout level to minimize risk. - Take Profit: Target key resistance or support levels, depending on the breakout direction. Market Sentiment: A symmetrical triangle reflects market consolidation, and a breakout will confirm the next move. Waiting for confirmation helps avoid false breakouts and aligns trades with the prevailing momentum.
BINANCE:ETHUSD
by PIPSFIGHTER
#EURGBP 4HEURGBP (4H Timeframe) Analysis Market Structure: The price is currently forming a symmetrical triangle pattern, indicating market consolidation and reduced volatility. This pattern suggests that the price is preparing for a breakout, but the direction remains uncertain. A breakout on either side will provide further clarity on the next potential move. Forecast: Traders should wait for a confirmed breakout in either direction before entering a position. Key Levels to Watch: - Entry Zone: A breakout above the resistance trendline may signal a buy opportunity, while a breakdown below the support trendline may indicate a sell opportunity. - Risk Management: - Stop Loss: Placed beyond the breakout level to manage risk. - Take Profit: Target the next key support or resistance levels, depending on the breakout direction. Market Sentiment: A symmetrical triangle represents market indecision, and a breakout in either direction will determine the next trend. Waiting for confirmation ensures alignment with the prevailing market movement.
by PIPSFIGHTER
#GBPUSD 1DAYGBPUSD (1D Timeframe) Analysis Market Structure: The price has broken above the downtrend resistance, indicating a potential shift from bearish to bullish momentum. This breakout suggests that buyers are gaining control, but further confirmation is needed before entering a position. Forecast: A buy opportunity may arise after a retest of the broken resistance level, which could now act as support. Key Levels to Watch: - Entry Zone: Wait for a retest of the breakout level and confirmation of support before considering a buy position. - Risk Management: - Stop Loss: Placed below the retest level or recent swing low to manage risk. - Take Profit: Target higher resistance levels or key areas for potential upside movement. Market Sentiment: The breakout above the downtrend resistance is a sign of potential bullish movement, but patience is needed to ensure the price holds above the retested level before entering a trade.
Long
by PIPSFIGHTER
#DXY 1DAYDXY (1D Timeframe) Analysis Market Structure: The price has broken below the uptrend support, signaling a potential shift from bullish to bearish momentum. This breakdown indicates that buyers were unable to sustain the upward trend, leading to increased selling pressure. Additionally, a sell engulfing candlestick has formed, further confirming bearish sentiment. Forecast: A sell opportunity is expected as the breakdown of uptrend support and the sell engulfing pattern suggest further downside movement. Key Levels to Watch: - Entry Zone: After a confirmed breakdown and possible retest of the broken support as resistance. - Risk Management: - Stop Loss: Placed above the broken support or recent swing high. - Take Profit: Target lower support zones for potential downside movement. Market Sentiment: The combination of the uptrend support breakdown and a sell engulfing pattern indicates that bearish momentum is increasing. Waiting for confirmation of continued selling pressure will help align with the prevailing market trend.
TVC:DXYShort
by PIPSFIGHTER
GBP/CAD Fall of the Pound A Bearish Trap Has Been Set Rising Channel Breakdown The chart previously exhibited a rising channel with two parallel white trendlines containing the price movement. The price broke below the channel, signaling a shift in market structure from bullish to bearish. Bearish Momentum Confirmation After the breakdown, the price retested the lower trendline but failed to reclaim it, confirming resistance. A strong bearish rejection followed, indicated by the red shaded area showing selling momentum. Short Entry & Risk-Reward Setup The short position was entered near 1.78981, slightly below the breakdown point. The stop-loss is set at 1.80996, positioned above the breakdown level to avoid whipsaws. The take-profit target is 1.75724, aligning with previous support and a logical demand zone. Indicators & Confluence EMA or Trend-Based Indicator. The red shading suggests the price is trending below a dynamic moving average, reinforcing bearish sentiment. Bearish Candlestick Formation, A series of red candles and a retest failure further confirm selling pressure. Trade Rationale & Risk-Reward Analysis Trade Type: Short Entry: 1.78981 Stop Loss: 1.80996 (~200 pips above entry) Take Profit: 1.75724 ( 325 pips below entry) Always book Profit every 10% Risk-Reward Ratio: 1:1.6 , indicating a solid risk-adjusted trade with a favorable reward potential. This trade capitalizes on the bearish breakdown of the rising channel, with a clear stop-loss placement and a logical take-profit target. If momentum sustains, the price could continue trending lower towards 1.75724 or even extend further.
Short
by wolfchemist
1
#USDCHF WEEKLYUSDCHF (Weekly Timeframe) Analysis Market Structure: The price is trading near a strong resistance level, where selling pressure has historically increased. Additionally, a sell engulfing candlestick has formed in this area, indicating a potential bearish reversal. This pattern suggests that sellers may take control, leading to a possible move lower. Forecast: A sell opportunity is expected as the price faces rejection from resistance and the sell engulfing pattern signals bearish momentum. Key Levels to Watch: - Entry Zone: Near the resistance level after confirmation of continued bearish pressure. - Risk Management: - Stop Loss: Placed above the resistance or the high of the sell engulfing candlestick. - Take Profit: Target lower support levels for potential downside movement. Market Sentiment: The combination of strong resistance and a sell engulfing pattern suggests bearish sentiment. Confirmation of further downside movement strengthens the case for a short position while ensuring alignment with market trends.
Short
by PIPSFIGHTER