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Marketstructure

#EURUSD next moveIn order to analyze EURUSD move we can use intermarket analysis as well, and as you can see for a past couple of month we have high positive correlation between EURUSD and TLT ( US 20 year treasury bond ETF). Right now that price has been trapped in a rangy area for a Days, we can say for a breakout of any side we need to see confirmation from TLT as well. which means if price wants to create a Higher high and penetrate the high we need to see TLT create new high as well and goes above the arrow on TLT curve. However, if TLT is unable to create new high but EURUSD does there might be intermarket divergence between these two assets and that perhaps could signal for a bearish divergence which can be followed by a downside reversal on EURUSD. A third scenario would be that they both fail to create high and turn to the downside which in this case EURUSD chance to break to the downside is higher. A lot of news can have impact on the movement of TLT like tomorrow unemployment rate but for sure the single most important one would be federal reserve fund rate which going to be announce on 14th of December , and if fed hike rates is lower than expectation that can bring TLT Higher and drive EURUSD Higher as well.
by mohemati
#JPYbasket bullish move confirmationsyesterday red candle was not only a retest to a broken bearish channel upper line, but also head and shoulder neckline. in addition to these two confluence we should be aware that JPY index suffers a lot through past month during rate hike cycle of central banks and fall massively like never before. But now that we have some confluences that we are close to end of rate hike cycle JPY has found some room to appreciate against other currencies and as a result in technical aspect we can see it had formed and broke bullish chart pattern and its no longer trading in bearish channel. with the look at the text book chart pattern target we can see that price can come all the way up to the oldest bearish channel midline and from there we should be looking for other confirmation and change in macro-economy.
FX:JPYBASKETLong
by mohemati
#AUDCAD potential long term selling opportunitytake a look at where price currently is sitting on and the long term resistive cluster around price... price at the moment is testing a bearish weekly channel resistance line and also at weekly high which means if the downtrend in weekly scale wants to resume price cannot close above this high. although that price can whipsaw above it but it can't close above it. for taking a position depends on the kind of a trader you are say risk averse or risk seeking you may enter now or wait for a more and clear confirmation in lower timeframe. and perhaps waiting to see a shift in market structure or chart pattern formations. Also we can see a bearish divergence between price and RSI indicator in Daily time frame.
Short
by mohemati
EU 1D TF Chart Markup Hello traders. This is EUR/USD 1D timeframe. In this analysis, you will see a detailed breakdown of this pair and my forecast. IMPORTANT -It is very important that you read every part of the PA, so that you can better understand the PA and the language of the market. We will start with a detailed breakdown from left to right. Chart recap 1. Here we can see that the price is in a long downtrend, after the reaction from the first supply zone , we see a nice bearish momentum. 2. After the impulsive BOS price leaves wicks, when we see wicks, it tells us that the price has no more momentum, but in this situation, the wicks are respected because the price went correctively towards the supply zone . 3. After a long downtrend, the price finally breaks the supply zone , here we see a change of character and bullish momentum. 4. When the price makes an impulsive change of character where we see momentum is present, we can expect a change in trend. 5. In the end, the price left wicks, which tells us that the price has no more momentum. Forecast 1. We see a nice change of character after a long downtrend, and here we expect a change in trend. 2.The price has left wicks that tell us that the price has no more momentum. 3.If we see a corrective pullback, wicks will be respected, and we can expect a continuation of the uptrend. 4.That's all about this analysis, if you have any additional questions, drop a comment down below.
Long
by hybridtradingfx
EUR/AUD: smart bought in the reaction points!!!Euro/Australian Dollar look bullish from this point that I identify a possible nice opportunity to get so much pips in this only trade. As first, in Daily timeframe EUR/AUD forming a bullish channel perspective that could to continue climb until $1.5920 AUD. Also, the candlestick it's appear that still bullish. In H4 timeframe we are in the smart zone in the $1.5551 AUD that price it's just make reaction in this zone to find down new buyers to long position. And also, I make some correlations that I draw a order block and a diagonal point line that work like support and maybe, if in H4 timeframe closed up with a bullish signal. We can to see a strength in this par. And finally, we're in H2 timeframe here in this analysis, and we see that that EUR look strength than Aussie. So guys, we see a nice opportunity here to bought!! Good luck!!!
Long
by harisonhbn9718
#GBPJPY selling opportunityprice bearish impulsive move broke market structure as well as short term bullish trendline to the downside. price is now below 1H, 30M, 15M EMA 200, and in last hour price formed a bearish engulfing candle which shows that sellers are now into the market after a short term bullish corrective move. now that we have different confluence for bearish scenario we can sell this pair if following happen: 1- price fail to close above the arrow 2- price forming double top or failure swing formation. (both of the formations shows price failing to goes higher) 3- bearish engulfing candle stick formation
Short
by mohemati