Forexsignal
🗺️EURUSD Roadmap🗺️🏃 EURUSD is moving near the 🔴 Heavy Resistance zone($1.11850-$1.0980) 🔴,the Resistance lines .
🌊According to Elliott wave theory , EURUSD is completing Corrective Waves in the 1-hour time frame.
🌊The structure of correction waves is Zigzag(ABC/5-3-5) type.
🔔I expect EURUSD to start falling to 🎯 Target 🎯, 🟢 Support zone($1.0800-$1.0756) 🟢 and Uptrend line .
Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Sell USDJPY at current price (143.9)OANDA:USDJPY The USDJPY exchange rate reacted negatively to the resistance area with the appearance of a bearish Pinbar reversal base.
Perhaps the negative divergence reaction of RSI may have ended.
We can execute a Sell order with stop loss and take profit based on support, resistance and Fibonacci retracement levels.
Sell USDJPY at current price (143.9)
Stop loss at 145
Take profit 1 at 143
Take profit 2 at 142.5
Note: Capital management 2%
Gold prices rebounded after the Fed's interest rate stanceWorld gold prices increased sharply due to support from the decline in the price of the USD and falling US Treasury bond yields. The Dollar Index has dropped nearly 2.9% in the past 3 months, while the 10-year US Treasury bond yield has decreased about 1.1% compared to the end of October.
At the same time, bond yields and USD prices decreased, providing a "dual" support for gold prices.
Last week, the US Federal Reserve (Fed) signaled it was about to reduce interest rates. Fed officials expect three interest rate cuts of 0.25% each in 2024.
AUDNZD: Bullish Leg continuation?From a technical point of view, the FX:AUDUSD pair is very interesting and attractive, especially on a lower time frame. If we look at 1H chart we see that the pair completed 12345 bearish impulse structure (or part of corrective structure) and subsequently triggered reaction from wave 5. From our point of view, it should be correct to try to take a long position on pullback with Target 1 around to 1,078.
Trade with care
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⚠️GBPUSD will Fall by Double Top Pattern⚠️🏃♂️ GBPUSD is moving inside a 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴 and Ascending Channel .
💡We saw two Bull Traps over the 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴.
💡Also, these two Bull Traps formed a Double Top Pattern .
🔔I expect GBPUSD to at least drop to the lower line of the ascending channel after the pull back is completed.
British Pound/ U.S.Dollar Analyze ( GBPUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURUSD - Plan A,B,CThe most likely scenario is for EURUSD to climb higher up towards the rising resistance. On the chart I mentioned "Bullish Target" which is where I believe price action is likely to trend to next.
In the event I'm wrong, there are 2 bearish scenarios that I illustrated on the chart. So in terms of risk management if we can leave room to scale or add additional positions that's the way to go.
Trade Safe and Happy Holidays!