Forexpositive
CAD JPY SET UP Hello guys,
CAD JPY has been moving in an ascending channel, and the price has reached the support trend line. Do you think the price will break through or bounce? I expect a bounce, so I'm waiting for the BUY confirmations.
If the price breakthrough, I will be looking to go short after the retest of the broken support level, tell me what you think guys.
EurUsd -> Expecting The BreakHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that as we are speaking EurUsd is actually approaching a quite obvious previous weekly structure area exactly at the $1.115 level which is now turned resistance.
However you can also see that weekly market structure and moving averages are still massively bullish, we just broke above a previous weekly swing high which is now turned support, so I am now just waiting for a deeper retest of the next $1.115 resistance before I then do expect a short term rejection towards the downside.
On the daily timeframe you can see that EurUsd is once again retesting daily resistance - the more often we retest the zone the higher the likelihood that we will eventually break it - so I am now just waiting for a clean break and retest of the current resistance before I then do expect more continuation towards the upside to then retest the $1.115 resistance.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
EURGBP Falls by Bearish Engulfing & Resistance zone/line & HD-😉EURGBP was rejected by the 🔴 resistance zone(0.886GBP-0.8852GBP) 🔴 and resistance line .
Also, the EURGBP reversal signal is the Bearish Engulfing Candlestick Pattern.
In addition, Hidden Divergence(HD-) can be seen between two consecutive peaks.
I expect EURGBP to decline to at least 🟢 support zone(0.874GBP-0.872GBP) 🟢.
🔅Euro/British Pound Analyze ( EURGBP ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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EurUsd -> Don't Get Caught UpHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that EurUsd is approaching a quite obvious previous weekly support/resistance area at the $1.10 level which is now acting as strong resistance.
You can also see that weekly market structure is overall still bullish, moving averages are bullish too so I just do expect a short term retracement and rejecting away from the resistance to retest the next weekly support at the $1.08 level before I then do expect more continuation towards the upside from there.
On the daily timeframe it is quite obvious that EurUsd is still in a massively bullush market so I am now just waiting for a break below the previous daily support zone, followed by a retest and some bearish confiration before I then do expect a short term move towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
The pound may have downward demandAfter a sharp decline in the US market last Friday, GBP/USD has managed to stabilize above 1.2400 on Monday.The short-term technical side fails to provide directional clues, and may only have to wait for the currency pair to break through the consolidation channel,only then will there be a better continuity of behavior.
According to the current market structure, it may be more difficult for GBP/USD to continue to rise, and the daily line is expected to form a head-and-shoulder technical pattern, which will exert pressure on the future market structure and limit the technical upward space of GBP/USD; Moreover, the technical repair of the daily line is far from being in place, so GBP/USD is still in demand for a decline.
In the short term, pay attention to the resistance near 1.246 above.
EURUSD 100pips Move!! EURUSD is gearing up for the next impulse. Unlike every other trades, current EU setup is backed up by D1 and every level and signals inside the SUITE SYSTEM.
We expect EU to make a Higher High for the Divergence leg to print properly. There's a of money here on EU not only on the LONG but on the SHORT to come.
Right now we only have a CONFIRMED ENTRY on EU currently.
#1 ENTRY (Risk Entry, Good Reward) -: none!
#2 Entry (Confirmed Entry, Minimal Reward) -: It's safe to enter LONG here as we are currently trading ABOVE the BASELINE.
INVALIDATION
Go in with a 50pips Invalidation or use the ALERT system inside the SUITE INDICATORS to send you a notification when setup is invalidated.
TARGETS
We are expecting a HH, profit can be locked in when we hit the previous high forming a DOUBLE TOP!
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
Will the pound usher in a bull market?The current interest rate hike is nearing the end. The market has digested it, and the dollar has fallen in a volatile manner. Now that European banks are accompanied by the bankruptcy of Credit Suisse, there should be other bank risks. At the same time, Europe is also following the Fed to raise interest rates. Now the Ukraine crisis continues, the European energy crisis, the food crisis and the refugee debt crisis continue, and the recession is inevitable, so the euro and the British pound are likely not to go into a bull market.
In addition, judging from the current structural trend, GBPUSD has rebounded sharply after a sharp decline, so the lower support is not very strong, and there is a need for a second fall to verify the lower support, so GBPUSD still has a need for backtesting in the short term.
In the short term: pay attention to the resistance of 1.245 above, and observe the defense of 1.238 below.
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GbpJpy -> This Is The SetupHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that GbpJpy just recently perfectly retested and already rejected a quite obvious uptrendline which we had exactly at the 185.5 area.
You can also see that we are currently retesting previous resistance at the 165 area, however weekly market structure looks very bullish so I am now just waiting for a break above the zone before I then do expect more continuation towards the upside.
On the daily timeframe you can see that GbpJpy is also retesting previous daily resistance at the 165 area - I am also now just waiting for a daily break and retest before I think the next impulse towards the upside will be quite likely.
Thank you for watching and I will see you tomorrow!
AUDUSD 150pips MOVE Unemployment ClaimsAUDUSD is currently BULLISH from all angles and also on D1 we are just looking to create a minor low around LB, PW.5 and PM.5 level.
(Reason - EMA Cloud bullish, we fixed above BL on D1, PA is intact, BB starting to slope upward.)
// #1 ENTRY (Risk Entry, Good Reward) // -: Enter LONG now or wait until at LB touch
// #2 Entry (Confirmed Entry, Minimal Reward) // -: LONG on when we fix ABOVE BL
// INVALIDATION //
On #1 Entry, Set a 40pips SL from LB tap.
On #2 Entry, when price rejects back ABOVE BL , the SUITE INDICATORS will print a SL zone on the chart for you, use it.
TARGETS - We are looking at a break of the previous HIGH and also targeting 200EMA on D1
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
USD/JPY 40+200 SMA crossover 80% WTraded USD/JPY since Friday 2/24/2023 & have a 8)% win rate for a 40+200 SMA crossover.
SL set a 200 SMA (I usually go a bit higher/lower to not get hit) set TP at 1 times pips from SL
Price has to be above or below both of the SMAs
40 Pip minimum TP + SL
12/15 = 0.8 * 100 = 80% win rate over ~6 Weeks
Swiss Franc vs Yen: The last selling climax before a bull run. Volume of buyers ready to buy the pair at the range close to 142.7 is evident. The price is having a last squeeze before continuing an upward move.
I have executed a sell side trade seeing an opportunity in the retracement leg.
I'll close my position soon. And after that I'll enter this market as a buyer.
AUDUSD 150pips - EASY ONE! Must READAUDUSD is currently correcting within a BULLISH TREND so we are looking at a continuation around the LB . (Reason -Structure, H4 & D1 Bullish , SUITE B, Ema Cloud)
// #1 ENTRY (Risk Entry, Good Reward) // -: Wait for DXY for reach UB then we will be ready to attack this USD pair around the PREV LOW/ LB.
Also, IF AU will do this, we need to add EURAUD to the list, AU goes UP, EA goes DOWN, happens 80% of the time. (A stone for TWO Birds... )
// #2 Entry (Confirmed Entry, Minimal Reward) // -: Wait for the SH (Stop Hunt) of the PL (Prev Low) and buy on the close back above BL (Baseline)
// INVALIDATION //
On #1, Entry 40-50pips SL from where price touches the H4 LB (Our exits are only only on candle close)
On #2 Entry, when price rejects below the BL , the SUITE INDICATORS will print a SL zone on the chart for you, use it.
TARGETS - For me, I am looking at H4 800EMA and Max target as you can see on D1 will be gunning for that D1 200EMA
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
DXY WEAKNESS! xxxUSD LONG Rally coming!// THE DIRECTION //
DXY is currently looking weak here. (Reason - PA, EMA Cloud, SUITE B, BL, Below PW.5 and anticipating a retest for the next fall )
The best way to trade xxxUSD is to understand what DXY is doing.
IF DXY falls, xxxUSD rally up and right now we are about to have just that and we expect this to drop all the way down to PML (Previous Monthly Low)
// INVALIDATION //
Invalidation here would be DXY breaking the previous high @ 103.350.
Brace yourselves, the rally will happen.
Keep your eye out for my xxxUSD idea next.
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
CHFJPY - MASSIVE 280pips RUN Incoming!// THE DIRECTION //
CHFJPY direction is currently SHORT - TERM BULLISH (Reason - PA is coming from a DT formation, a retracement is needed. )
// #1 ENTRY // -: Enter on the break of the BL (Baseline) to the UPSIDE.
// #2 Entry // -: Enter around the PW.5 (PWH/L Mid point) Line is on the chart.
// INVALIDATION //
Exit when price close below the Invalidation line on H4
I will post money making trades like this everyday.