Priceactiontrading
EURJPY: Pullback From Key Level 🇪🇺🇯🇵
Hey traders,
EURJPY reached year's highs.
I expect a pullback from the underlined blue structure to 143.06 / 142.63 levels.
I see a tiny little head and shoulders pattern on 1H time frame, confirming the strength of the underlined resistance.
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EURNZD: Very Bullish Setup 🇪🇺🇳🇿
Take a look how perfectly EURNZD has respected the confluence zone based on 786/50 retracements of the last bullish impulse.
The market was nicely rejected and formed a double bottom formation then.
I am currently holding my buy limit order on a retest of a broken neckline of a double bottom.
Initial target will be 1.645.
Stop loss lies below the lows of the pattern.
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AUDUSD Potential Bearish Continuation!In Today's trading session we will be monitoring AUDUSD for a Selling opportunity in and around 0.68 area. Once we get a Bearish confirmation the trade will be executed and shared with our premium subscribers.
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GBPJPY: Bull Flag & Bullish Continuation 🇬🇧🇯🇵
GBPJPY is trading within an intraday horizontal trading range for 2 weeks.
Reaching its support, bulls broke a bullish flag pattern.
I believe the pair will keep growing now.
Initial target - 162.15
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USDJPY | Hitting Massive Resistance AgainWe have USDJPY approaching massive resistance again (similar to July 2022) and with a slight rejection. Waiting for the come back to the zone area (create a double topish pattern) and a possible sell at a RSI high point.
Nothing complicated here, just rinse and repeat with price action and a target nearing 50+ PIPS.
This is a short term trade as I think the momentum will push USDJPY ultimately pass this zone.
EURJPY: Very Bullish Setup 🇪🇺🇯🇵
EURJPY broke and closed above a key daily structure resistance yesterday.
Retesting the broken structure, the price formed a double bottom formation and broke its neckline then.
I believe that it may trigger a bullish move at least to 139.25
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GBPAUD: Classic Trend-Following 🇬🇧🇦🇺
GBPAUD formed a double top trading within a peculiar confluence zone on an hourly time frame.
That zone is based on an intersection between a falling trend line and a horizontal supply area.
I believe that the pair may drop at least to 1.6939 level.
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EURCHF: Bearish Trend Continuation 🇪🇺🇨🇭
Hey traders,
EURCHF is trading in a global bearish trend.
Lower highs are perfectly respecting a falling trend line on a daily.
Approaching that earlier this week, the price formed a double top formation.
The pair broke and closed below its neckline then.
I believe that the market will keep falling now.
Goal - 0.957
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GBPCHF: Great Shorting Opportunity Explained 🇬🇧🇨🇭
GBPCHF is coiling around a solid intraday structure resistance.
The price was trading for some time within a horizontal range.
Just a couple of minutes ago, the pair broke and closed below the support of the range.
We see its retest now.
I believe that the pair will drop.
Goals: 1.13513 / 1.132
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AUDCHF: Bullish Continuation Pattern 🇦🇺🇨🇭
AUDCHF has recently dropped to a key daily structure support.
The price formed a double bottom on that on a 4H time frame.
I expect a bullish move now to 0.6668 / 0.67
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DOLLAR INDEX (DXY) Classic Bullish Setup 💵
Dollar index broke and closed above a major supply cluster on Friday.
I believe that the index will keep growing this week.
Next goal - 109.0
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GBPNZD: Bearish Outlook 🇬🇧🇳🇿
GBPNZD is coiling around a peculiar intraday zone of confluence:
we see a perfect match between a horizontal demand area and 618 retracement of the last bearish impulse.
I expect a bearish move to 1.899 / 1.881 levels from that.
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EURCHF: Trend-Following Setup🇪🇺🇨🇭
EURCHF reached a nice confluence zone yesterday.
We see a perfect match between a horizontal structure resistance and a major falling trend line.
As a confirmation, the price formed a double top formation on 4H time frame and broke its neckline.
I expect a bearish continuation to 0.9642 / 0.962
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NZDCAD ASCENDING TRIANGLE BREAKOUT?Pair: NZDCAD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle,
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Key Takeaway: Need a break of trend level, already broken vital volume level
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Level needed: need a close by 0.80780
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Trade: Short
RISK:REWARD 1:9
SL: 19
TP: 170
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
BITCOIN (BTCUSD): Bullish Continuation ₿
Bitcoin is taking off from a major rising trend line.
The price broke a resistance line of a falling parallel channel after its test
and heading towards 24700 / 25000 structures now.
Consider an occasional retest for entries.
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NZDCHF: Trading Plan For Today 🇳🇿🇨🇭
NZDCHF reached a key daily supply area last week.
After coiling for some time on that, the price formed a double top formation on a 4H
and broke its neckline then.
I expect a bearish continuation to 0.603 / 0.6 now.
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Learn How to Trade Double Top Formation | Full Guide 📚
Your ultimate guide for double top pattern trading.
Entry selection / stop placement / target selection explained.
Meaning of the pattern and identification rules.
Important tips & real market exampe.
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AUDUSD: Bullish Continuation 🇦🇺🇺🇸
AUDUSD reached a solid horizontal support last week.
The market bounced nicely from that and managed to break and close above a resistance line of a falling wedge pattern on 4H.
I believe that the pair will keep growing at least to 0.7034.
For entries, consider an occasional retest!
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Please, support my work with like, thank you!❤️
NZDJPY: Key Structure Ahead! Your Plan: 🇳🇿🇯🇵
NZDJPY is approaching an important zone of confluence on a daily.
We see a perfect match between a horizontal structure resistance and 618 retracement of the last bearish impulse.
To catch a bearish move from the underlined zone, watch a rising wedge pattern on 1H time frame.
Your trigger to short will be its bearish breakout (at least an hourly candle close below its support).
Then a bearish continuation will be expected to 84.2 level.
Alternatively, a bullish breakout of the underlined area will push the market to higher structure levels.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️