Get started

Fxtrading

BluetonaFX - AUDUSD Looking For DirectionHi Traders, AUDUSD has been stuck roughly in a 165-pip range for the past few weeks and is looking for a direction to continue in. Looking at the price action on the 3H chart, we have drawn the supply and demand zones for you to see. There have been numerous price rejections at the supply zone; the demand zone is at its yearly low of 0.63574. The price action is leading to the bearish side for a few reasons: firstly, the market has rejected any upside push to the supply area around the 0.65000 area; secondly, there has been no momentum push to the upside when the market reaches the demand zone, which indicates a lack of buying power; and lastly, we are still under the 20 EMA. That being said, to continue with a bearish bias, the market must break the yearly low at 0.63574 with momentum to continue down. If this does not happen, there is likely to be price rejection here, and we are likely to head back up towards the 0.64000 area. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
EURUSDHello, everyone! I'd like to share my idea regarding EUR/USD for today. I want to highlight the excellent liquidity dynamics on both lower and higher timeframes. We are currently forming an order flow on the hourly timeframe around Asian highs, and we have seen a significant impulsive move with the clearing of imbalances from Frankfurt. The logical point for the end of the current movement can be considered a test/consolidation below 1.064. Currently, I'm strictly focused on the short side, and if anything changes, I will keep you updated.
Short
by yes_pls_max
AUDNZD: Your Trading Plan Explained 🇦🇺🇳🇿 One more instrument that we discussed on the today's live session is AUDNZD. The market is currently testing a confluence zone based on a rising trend line and a horizontal support. To buy the pair with a confirmation, wait for a bullish breakout of the resistance of a horizontal trading range on an hourly time frame. You need an hourly candle close above 1.0859 to confirm the violation. A bullish continuation will be anticipated to 1.0878 then. Alternatively, a bearish breakout of a trend line will be a strong bearish signal. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
4
GU One More Impulse Up before the carnage beginsGU and the rest of the xxx/usd assets have been forming obvious corrections this month Why is it a correction and not a major top. Well, corrections... 1. begin with very little consolidation (vs peaks that contain big periods of consolidation before reversing). As you can see GU only consolidated for 2 days before coming down. 2. they usually contain 1-3 corrective bounces. We got 1 arguably 2 from this correction I marked the corrective bounces up on the chart. 3. They end with a bottom pattern (usually a double bottom or inverse head a and shoulders) We re looking at a pretty clean inverse head and shoulders...with us being in the process finishing up the second shoulder now. This pattern will lead us to new highs above 1.32 in the coming weeks..before assets peak and with a market downturn that will be accompanied by a recession and possibly a credit event I will publish an Idea for the big short when the time comes. Follow me to make sure you don't miss that and other big opportunities coming. Thanks!
Long
by Brenvest
XAUUSD - 4H Bearish signals in GoldAre you ready for a new week of trading? Let's delve into the analysis of GOLD (XAUUSD) using the 4-hour chart and assess our expectations for the upcoming period. The current price action of XAUUSD is exhibiting several signs that suggest another downward movement in the beginning of this week, possibly leading the price to reach the bottom of the trading range or at least a break-even zone. This forecast is underpinned by various underlying reasons, which I will elaborate on below. Firstly, upon analyzing the chart, we observe that XAUUSD has formed a lower low and a lower high. This pattern indicates the potential continuation of a new bearish trend in the market. Such lower lows and lower highs often signify a shift in sentiment towards selling pressure. Secondly, the recent price movement reveals a significant presence of sellers in the market. The appearance of two consecutive red candles at the end of last week points to the dominance of sellers, exerting downward pressure on the price of gold. Furthermore, the buying activity appears to have weakened, leading to doubts regarding the ability of buyers to surpass the resistance zone. This uncertainty is evident from the last rising leg, which exhibits less strength compared to the previous one. A less robust upward movement suggests potential difficulty in breaking through resistance levels. In summary, the technical analysis of the XAUUSD 4-hour chart indicates that the market is likely to experience a downward movement in the coming week. The combination of lower lows and lower highs, along with a notable presence of sellers and weaker buying momentum, all contribute to this bearish outlook. However, it's essential to keep in mind that the financial markets are influenced by various factors, and unexpected events or news may alter the anticipated direction. Traders should exercise caution, implement risk management strategies, and stay informed about any developments that could impact the gold market. Always remember that trading involves inherent risks, and one should carefully assess their risk tolerance before making any investment decisions.
FX:XAUUSDShort
by Sober_Trading
1