EUR/NZD Sells Active - Swing Trade - Key Resistance 1.80500I have just taken a sell position on EUR/NZD expecting some good selling pressure over the next couple of weeks.
From a technical perspective we can see price has come into the 1.08500 level which is a key area of daily/weekly resistance where in the past the market has reacted from favourably.
I am expecting again a strong reaction from this area.
I will not be going into the entry confirmation for this trade idea.
Stoploss is going to be at the high of the current daily candle.
Targets have been outlined within the screenshot provided.
Fxsignals
EURUSD Buy/Long SignalEURUSD has been bouncing between channels for a while and shows strong signs for a nice bullish uptrend from support after a surge and moving average supporting theory. Below is the signals input. Please enter with proper risk and analyze prior to entry on your own discretion.
EURUSD
LONG/BUY
Entry: 1.07295
Stop Loss: 1.06431
Targets:
TP 1: 1.10063
TP 2: 1.16076
SWING TRADE
Risk: 2-5% of Capital
GBPAUD Long/BuyAs seen in previous support key points made by GBPAUD in the last few months, we have seen the support get respected by the trend with more backing evidence the RSI has shown there is support on the moving average indicating we are bullish for the trend we are heading towards.
GBPAUD
Long/Buy
Entry: 1.92304
Stop Loss: 1.88905
Target:
TP: 2.04468
SWING TRADE
Risk: 2-5% of Capital
$FXS Performing Falling wedge CRYPTOCAP:FXS Performing Falling wedge in 1D Keep eye on Breakout
Falling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.
In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows.
Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows.
If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips!
A good upside target would be the height of the wedge formation.
GBPJPY Long/BuyRSI and channel trading is showing it has crossed over and as well the moving average has shown the same movement for an upswing momentum trend on the daily timeframe. Below is the signal entry, stop loss, and take profit targets.
GBPJPY
LONG/BUY
Entry: 183.686
Stop Loss: 182.262
Targets:
TP 1: 186.719
TP 2: 192.662
SWING TRADE
Risk: 2-5% of Capital
EURUSD#EURUSD
only two potential scenarios for the development of events (black and red).
Let's start with black, which I'm more likely to lean towards. Raid of a highly liquid fractal high with potential continuation of movement.
red - price fixation above the fractal maximum, after which the entire current order flow will act as strict liquidity, in which case all short positions will not make much sense.
Question is the same sweep or BOS?
NZDUSD: Chance to Reenter? 🇳🇿🇺🇸
Update for NZDUSD.
Earlier, we spotted an inverted h&s pattern on a solid horizontal support.
I suggest buying on a retest of a broken neckline and we saw a strong
bullish reaction afterwards.
The market retests the broken neckline again.
I believe that it will be a good buying opportunity for those,
who missed initial long position.
Updated goals: 0.5965 / 0.5987
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GBPUSDHello, everyone! The British pound had an excellent move today in response to the news. I'm looking at the 1D+1h context being short, along with the 1-hour order flow also indicating a short position. I anticipate the London high being taken out, with the potential for further downside continuation.
EURUSD 1D
Hello, everyone! I suggest analyzing three potential scenarios for the development of events on the #EURUSD pair using the higher timeframe.
1 (marked in black on the chart) - Currently, we are in the imbalance zone of the 1D timeframe. Potentially, the price may clear the imbalance and continue moving downwards, possibly making new lows.
2 (marked in red on the chart) - Based on confirmed order flow, we might see the price in the 1.08 zone for liquidity removal, with the potential for a downward move, similar to previous instances marked in red.
3 (marked in green on the chart) - This scenario could become valid if the price reaches and consolidates above the 1.08 level. In this case, the previous order flow would act as continuous liquidity.
Have a great day, everyone!