AUD/JPY : ENTRY ON BEARISH CHANNEL WITH R/R OVER 3% 🔔Welcome back Traders, Investors and Community!
Analysis of #AUDJPY
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AUDCAD MULTI TIME ANALYSIS & TRADE SETUP We try to highlight potential trading setups on Pairs on 1hr and 4 hr chart , while analysis is done on Daily - 4hr - 1hr ,
Our Analysis is based on Breakouts & Retest of Support Resistance levels of Trendlines & Moving Averages ,
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oving average can show you trends / support resistance levels , ranging market etc.
Just like trendlines we trade breakouts , retests of moving averages too ,
To trade correctly our ideas , follow the instructions and wait for candle close wherever advised.
Not all setups will be great , and losses are part of Game , consistency will surely give good results in long term.
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EURUSD US PMI Trading StrategyEURUSD reached a firm daily resistance. It is possible that the US data could trigger some USD strength, which will distance EURUSD from the resistance level.
The highlighted levels on the chart may be used for stops and take profit. The technical setup is for experienced traders. It is worth noting that brexit and US elections will add to the market volatility as we near the end of 2020.
The signal setup is intentionally kept simple.
EURJPY Short Signal EURJPY Sell Stop :122.349
SL 122.785
TP 121.475
RR 2
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This explanation is only my personal opinion only.
Trading financial markets involve risk and is not suitable for all investors.
I am not responsible for any losses incurred due to your trading or anything else.
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Original Analysis:
GOLD - WEEKLY ANALYSIS.GOLD - Last week it was in a complete narrow range, I am expecting an interesting move in this week. I have drawn a path based on thrust & force method, typically known as Supply and Demand in normal terms.
Follow the path as mentioned, Closing price is 1950 Now, from here the path should be like
From 1950 am expecting 1956 reverse back > Major hurdle stop loss 1968.
From 1956 > 1945 >1951 > 1936 > 1941 > 1929 > 1936 > 1918
Keep Stop loss as per your risk reward based on your entry level.
I have tried a lot to simplify this for you, Still in case if you are not able to understand this, feel free to ask, Write in the comment section. I will be happy to help. Follow the path as mentioned strictly.
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Gold Bearish OutlookThis pair is currently within a bear flag pattern. After completing wave E, we may now see price is forming a smaller inner bear flag pattern which is also looking to retest the 61.80% Fibonacci retracement level. Expecting price shows bearish momentum after a breakout from the smaller bear flag continuation pattern.
GBPUSD - DAY TRADE VIEW.GBPUSD - Read the levels carefully, I am expecting it to come down a little bit, Good to go long near to 1.29200,
In case if it doesn't come jump in for long above 1.29700 Maintain Stop loss near 1.28850 ,
Potential up move 1.30170 - 1.30750
Follow the levels properly as mentioned and use proper risk management.
Traders, if you liked this idea hit the like button & write in the comment section.
Why you should follow this tradingview account ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks.
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered
Thanks !!
GOLD - DAY TRADE VIEW.GOLD - Looking good for a bounce back here at this current price 1942.50, taking a good support here.
My approach is to go buy here at current price 1944, Maintain Stop loss around 1937
Potential upside target 1952 > 1960
Follow the levels properly as mentioned and use proper risk management.
Traders, if you liked this idea hit the like button & write in the comment section.
Why you should follow this tradingview account ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks.
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered
Thanks !!
GOLD - DAY TRADE VIEW.GOLD - Trying to sustain in the range of 1932 - 1938, Stiff resistance and parallel channel breakout is there at 1940,
Above 1940 there will be a strong up move up to 1951 , following the path it can reach up to 1964.
Current bias is also positive so start buying from here smaller quantity and increase more once it crosses 1940 level
Maintain stop loss around 1927 for now. Follow the levels as mentioned on the chart.
Traders, if you liked this idea, hit the like button and write in the comment section.
Why you should follow this tradingview account ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks for your better understanding
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered
Thanks !!
EURUSD FX Signal: Can it Trade Higher?EURUSD posted some gains due in recent days due to the Fed Powell's speech at Jackson Hole (online speech). Powell affirmed the Fed will opt for average inflation while assuring rates will remain low. The new inflation framework weakened USD against a basket of currencies.
The impact of the new framework may last for some time but due to the upcoming US elections the polls may begin affecting USD as we near November. There has been a 4hr breakout in EURUSD as seen on the chart. As the currency pair was held in a range for some time it may pave the way for further gains.as
The potential target is around 1.2040.
As this is a 4hr chart it may take some time as opposed to a similar technical setup on a 15min chart for example. It should not take more than 48 hours.
The breakout may remain valid as long as EURUSD does not post a 4hr close above 1.1950.
GBPUSD 15min forex signal: Time to Long?GBPUSD reached a minor support on the 15min chart (marked in green), The lower support and resistance are marked in bue.
Should GBPUSD post a 15min close above the green line we may see some corrective gains towards 1.3220. The analysis is intentionally kept simple.
Most of the recent volatility across global markets is due central banks' monetary policies and the tension caused by the coronavirus.
EURUSD FX Signal: Bearish Signs or More Room to the Upside?EURUSD has been largely affected by the rising cases of covid-19 in the US as well as central banks' monetary policies. What has kept USD Weak is the US stimulus that is stuck due to disagreements between the Republicans and Democrats.
Based on the 4hr Chart it appears we may see some USD strength as the upper resistance is holding. The initial target is 1.1830. In an event EURUSD does post a 4hr close above the resistance it may pave the way for stronger gains towards 1.1940.
You may have noticed that the market has changed in the past several weeks, it may be due to the monetary policies of central banks across the word to combat the coronavrus impact on the economy.
USDJPY 15min Signal: Decent Dip for a Snap ScalpThere is a potential long entry (scalp) in USDJPY via the 15min Chart (lines highlighted). The break above the neckline (reversed H&S) may suggest some gains are due for USDJPY. It may also support our prior entry in EURUSD that was recently published.
The potential target is 107.35, the support at 107.25.