Forexsetup
DXY Short Term BearishnessMarket structure showed a shift lower twice, and indication of downtrend continuation. Daily chart printed multiple rejection followed by thursday bearish engulfing candle. I anticipate price trade to or below the 50% level of the uptrend price range before buliishness resumes or we see downtrend continuation.
I would like to see a pullback to my entry A or B. Entry A is in confluence with 50% pullback level, MA and Trendline.
A break above Entry B which would invalidate the above confluences therefore, I would pause to see price in action.
If you trade patterns, DXY already formed a Diamond Top at mid of previous week.
NZDUSD, D1 | Reversal off key resistanceWe're looking at NZDUSD on the D1 timeframe today. There's a fair bit of resistance at the 0.6080 area where we're seeing an overlap resistance, 23.6% Fibonacci retracement and a 100% Fibonacci projection.
It's worth noting that we're also seeing a long term bearish trend line suggesting that there's good bearish momentum pushing prices lower.
A reversal from here could see prices potentially drop all the way down to our major support at 0.5749 which also happens to be a 78.6% Fibonacci retracement.
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AUD/JPY SELL LOADING UP WATCHFirst, if you find this idea helpful kindly like and leave a comment don't also forget to follow us
AUDJPY is still looking for the final completion of the WAVE X correction before the bearish impulse move will starts. Traders should look for a way to follow the bear moves after the completion of the WAVE X correction and join the WAVE Y to the downside
EurNzd long for over 200pipsMarket is at a nice demand zone and seems to be building liquidity before giving bullish push. Seeking about 250pips from this position over a couple of days while obtaining multiple entries on pullbacks throughout the bullish run for a lucrative risk to reward as the market pushes up to target.
AudNzd for 60-150pips longMarket has reached a demand zone on the higher timeframe and waiting for the market to print bullish price action in order to confirm inverted head and shoulder pattern to long AudNzd. Seeking 60pips at minimum to give a decent risk to reward but really wanting to get that reversal push for 150pips!! LOL Wait for confirmation and enjoy the pips if we get bullish price action to validate setup.
EURUSDTitle: EURUSD Positional Trade: Bullish Structure Developing Above 1.08256
Hello traders! 📈
I would like to share a potential positional trade opportunity in EURUSD with you. The current market structure indicates a shift towards a bullish trend, and I believe there is potential for further upside movement.
Entry: Buy above 1.08256
Support Level: 1.08256
Targets:
1) 1.08462
2) 1.08712
3) 1.08952
4) 1.09329
By setting a buy entry above 1.08256, we aim to capitalize on the developing bullish structure in EURUSD. Remember to exercise proper risk management and adjust your position size accordingly.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Please conduct your own analysis and consult with a financial advisor before making any investment decisions.
Happy trading! 🚀💰
#EURUSD #ForexTrading #PositionalTrade #BullishStructure #TradingView
GBPCAD ____ INCOMING BULLISH RALLYHello Guys,
This week has been giving promising trade opportunities and GBPCAD could likely be one of them. In my previous analysis of the pair, I marked both the buy-side and sell-side liquidity pools. Today, the market went after the sell-side liquidity pool.
I'm hoping that the displacement in price allows the price to get to my demand POI and I will wait for a structural shift in price from bearish to bullish and take a long.
The reason why I would be confident in taking the long is that we still have buy-side liquidity to take.
If you like this analysis, give me a like or follow.
Cheers,
David