No signal tomorrow. See you for another analysis then.Today's analysis shows no signal, so we won't be trading EU and EJ tomorrow. The price did not indicate a clear trend for continuation or reversal.
Fxtrading
Trade idea - AUDCHF Long4H
Bullish impulse / High: indication.
Bullish M pattern: confirmation.
-68 Fibonacci completion aligning with entry zone.
Corrective approach towards entry zone.
= Buy limit.
0.5% risk.
The continuation of corrective waves for EURUSDTrading Signal For
Trading Setup:
There is a Trading Signal to Buy in EURUSD Currency Pair.
Traders can open their Buy Trades NOW
EURUSD 4h Forex Signal
⬇️Sell Now or Sell on 1.0856
⭕️SL @ 1.088
🔵TP1 @ 1.0736
🔵TP2 @ 1.0661
🔵TP3 @ 1.0520
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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Trade idea - EURCHF Long4H
Bullish impulse / High: indication.
Inverse Head & Shoulders pattern: confirmation.
Clear support & resistance zone is there.
Corrective approach towards entry zone.
= Buy limit.
Trade idea - AUDNZD LongDAILY
Bullish impulse: indication.
Inverse Head & Shoulders pattern: confirmation.
Clear support & resistance zone is there.
= Buy limit.
EURUSD: Support & Resistance Levels For Next Week 🇪🇺🇺🇸
Check my latest structure analysis
and important support and resistance areas to trade on EURUSD next week.
Consider these structures for pullback/breakout trading.
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THIS WEEK OVERVIEWHello traders, in this video I am shortly going through the charts and analysis from the start of the week. I am explaining about few positions I got in, some market movements and just taking you over the charts. Thanks for watching!
T
NZDCAD: Classic Trend-Line Trade 🇳🇿🇨🇦
NZDCAD tested a major rising trend line on a daily.
After its test, the price formed a narrow range on an hourly time frame.
The resistance of the range was broken.
It is an important sign of strength of the buyers.
I bought the pair with 0.8156 target
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AUD/USD squeeze risk growing?With tentative signs of stablisation in commodity futures and US equity index futures pushing higher in early Asian trade, the prospects for some form of squeeze higher in AUD/USD appear to be growing.
You can see just how violent the selloff has been over the past two weeks, leaving it oversold on RSI (14) for the first time since August 2023. But the modest reversal on Thursday after breaking the 61.8% Fib retracement of the April-July low-high is about the closest thing to a bullish signal we’ve seen for the AUD/USD in a while.
It’s tempting to go long with a stop below the fib level for protection, but it would be nice to see RSI break its downtrend first to provide confidence that the bearish price momentum is ebbing.
Given the acute focus on China, the reaction to the PBOC’s CNY fix in FX markets, and opening of Chinese stock futures, may provide a strong tell on where the near-term path of least resistance lies. If they open firmer, it may increase the probability of AUD/USD upside.
AUD/USD a proxy for risk appetite
The chart also shows the rolling 10-day correlation between AUD/USD with COMEX copper in orange, crude oil in black, S&P 500 in green and Nasdaq 100 futures in blue. Every single correlation sits north of 0.8 with three of the four hovering around 0.9 or higher. The higher the score, the greater the relationship between the two variables.
Taking a step back, the strong correlations suggest AUD/USD is being used as proxy for risk sentiment, a role it has often played previously when we’ve seen boarder risk-on-risk-off moves in markets. That means if we see even a modest improvement in risk appetite, as seen on Thursday when the latest batch of US economic data suggested premonitions of an imminent recession may be misplaced, the AUD/USD could find buyers.
The price action in commodity futures is another potential sign that the worst of the rout is over, at least for the moment.
Trade idea - CADCHF Long4H
Bullish impulse / High: indication.
Bullish M pattern: confirmation.
Clear support & resistance zone is there.
Corrective approach towards entry zone.
-68 Fibonacci aligning with entry zone.
Ascending trend line is there.
= Buy limit.
Trade idea - GBPJPY Short4H
Corrective approach towards entry zone.
- 68 Fibonacci aligning with entry zone.
= Sell limit.
EURUSD 1DThe daily timeframe remains in a long context. The main target has not yet been reached. Below, an FVG (Fair Value Gap) has formed, from which we are likely to see a reaction aiming higher, as outlined in the plan.
Trade idea - USDCAD Long4H
Bullish impulse / break of last LH : indication.
Inverse Head & Shoulders pattern: confirmation.
Clear support & resistance zone is there.
1H
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Buy limit set.
AUD/USD Breaks Key Resistance, Eyes SupportThe AUD/USD currency pair has recently broken below a key resistance level, accompanied by increased selling volume. This bearish momentum suggests a potential drop towards the next support level.
Trade idea - NZDCAD Long4H
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Buy limit.
0.75% risk.
Trade idea - GBPNZD Short4H
Bearish impulse / Break of last HL: indication.
Head & Shoulders pattern: confirmation.
Clear support & resistance zone is there.
1H POV
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Sell limit.
GBP/CAD Bullish Breakout AlertGBP/CAD has broken out of its ascending wedge pattern, indicating a strong potential for continued upward movement. Traders should watch for further bullish momentum as the pair continues to gain strength.
NZD/JPY Bearish Breakout AlertNZD/JPY has broken below its previous consolidation zone, indicating a potential continuation of the bearish trend. Traders should watch for a strong downward movement as the pair gains momentum.
EURUSD H4 - Short Signal EURUSD H4
In addition to GBPUSD, we also have EURUSD which is at a key area of resistance. This 1.09 handle is acting as a whole number resistance price, amongst H4 supply and previous tested resistance. Certainly a good region and zone for a short confluence stack.
We will be following EURUSD, GBPUSD and DXY very closely this week as we are trading from some significant levels.
EUR/JPY Poised for Trend Continuation: Breakout ImminentThe EUR/JPY pair has shown strong bullish momentum and has already broken out of the recent inside days. The pair continues to respect the ascending trendline and has moved above previous resistance levels. Traders should monitor the potential for further upward movement while practicing proper risk management, with a stop-loss placed below the recent support. Stay tuned for updates as we track the progress and potential targets for this breakout.
Trade idea - EURNZD Long4H
Market was moving in Bull Flag formation.
3rd touch of trend line was aligning perfectly with the -68 Fibonacci.
Missed the early entry on this trade.
New opportunity now to get involved.
Bullish impulse: indication .
Pattern within pattern: confirmation.
Inverse Head & Shoulders, Bullish M.
Clear support & resistance zone is there.
1% risk
