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NQ idea $$$ no need for MapBook "Perseverance is not a long race; it is many short races one after the other." — Walter Elliot I predict will be heading back to the support level where market makers left sellers looking very sad. (19415 area) If you were looking at Bookmap which I am not 9 times out of 10 it would show there are orders waiting in at area. They have to drop price and come back and get that liquidity they left down in the 19415 area. (W) formed Thanks and hopefully this information benefits you .... like share and follow chat !!!! #TradeGod
CME_MINI:MNQ1!Short
by TradeGod003
3
USDJPY Forecast for the WeekThe USD/JPY pair is experiencing volatility this week, driven by economic indicators and central bank sentiments. Initially pressured by lower-than-expected April inflation data, the US dollar saw potential for Fed policy easing, though Fed representatives have remained cautious. Weak preliminary Japanese GDP figures further contributed to uncertainty, potentially delaying Bank of Japan interest rate hikes. Technically, the pair is within a long-term ascending channel, with resistance at 156.25 and support at 153.12. Technical indicators suggest an uptrend continuation, but traders are closely monitoring central bank actions and key levels for further direction. Resistance levels: 156.25, 159.37, 162.50. Support levels: 153.12, 150.00. Long positions can be opened above the 156.25 mark with targets of 159.37, 162.50 and stop-loss around 154.00. Short positions should be opened below the level of 153.12 with the target of 150.00 and stop-loss around 155.20.
by PropTradePros
"GBP/USD Analysis: Anticipating Bearish Momentum (Read Caption)1. GBP/USD Technical Analysis: - Sell Entry: Targeting a decline from 1.26503 to 1.25890. - Retest Anticipation: Expecting a revisit of 1.26640 before downward movement. - Risk Management: Set stop-loss above retest level to mitigate reversal risk. - Take Profit: Aim for 1.25890, but adapt to market conditions and price action. 2. Fundamental Analysis: - Consider recent and upcoming US economic data releases impacting the US Dollar strength, thereby influencing GBP/USD movements. 3. Trading Strategies: - Confirmation: Wait for confirmation of retest level acting as resistance before entering the trade. - Risk Management: Employ suitable risk management strategies like setting stop-loss orders and managing position sizes. - Stay Updated: Keep abreast of news and events affecting both the US and UK economies, as they can influence GBP/USD dynamics. 4. Trading Psychology: - Exercise Patience: Wait for the optimal entry and confirmation signals. - Emotion Control: Manage emotions like fear and greed by adhering to the trading plan. 5. Additional Analysis: - DXY Analysis: Continuously monitor the US Dollar Index to gauge overall USD strength, offering insights into GBP/USD movements. --- If you like this analyse please boost comment and follow thanks for support.
Short
by Forex_Signals_io