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Priceactiontrading

GBPJPY Long AnalysisIt's a new week i hope you are pumped for the trading weekend. On the opening of the market, we can see a possible high forming on the hourly and breaking the high @ 149.761. If the market can close above 149.761, we should expect a bullish run or push up to 151.010. Meanwhile, on the H4, price seem to be respecting our support line @ 149.471. On that note. we'll be expecting a bullish push which will be forming a bearish retracement @ 151.010 ... The weekly seem to be telling a different story meaning, we should be expecting a deeper retracement to 151.874. ... We'll settle on the Daily timeframe, which is the retracemet to the neckline of the Double top that was formed. ... Do your proper analysis before taking a trade.
Long
by Forexplus_
AUDUSD LONG Introduction to my analysis: 1) Price Action is KING- I'm a sole believer in price action, you will see me incorporating price action theory into my analysis. 2) Simplicity is key - I love to keep my charts neat and tidy! The more indicators you have on your chart, the more complicated your chart is. Thus, affecting your bias of that market. Let me introduce you to my 3 great trading friends... THE 20, 50 & 100 MA!!! 3) The mind! - My analysis may not always be right, nobody is, it's just my opinion and point of view. There's no right or wrong in any market analysis, the only thing is belief. Believe in me and my analysis, let the result be the light to the dark cloud hovering your thoughts about trading. 4) Please feel free to comment and feedback to me about my analysis & on your views about the market. Through sharing, we grow together as a trader! - Price broke previous high - Price pushed on towards the next key level @ 0.71426 - 0.71457 area. - If price broke out, can expect it to go to the next level at 0.71568.
Long
by TraderMindMastery
EURNZD, 4HR TF, sell the end of wave-4 Today we saw a fierce selloff in NZDUSD because of covid case in Aucland. In my opinion this sell off could be an opportunity to enter short as RBNZ might start tapering soon. This trade ideas offer 8.6R trade opportunity. Price now struggling at 61.8 fibonacci retracement of wave-3 which means we might see wave-4 end soon and we got another push to the downside for wave-5. Sell EURNZD 1.6905 Stop loss 1.6945 Take profit 1.6560 (8.6R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBPUSD LONG/BUY AnalysisPotentially looking for the market to break out its current downwards channel to make its way to the upside towards the 1.39800 zone. There are candles signaling signs of reversal too. And on the 1D timeframe, it has respected ZONE 1 perfectly, all of which gives me confidence that I'll be looking for a long entry. Obviously, the other side to this analysis, is the fact it could continue the trend downwards within the channel and continue the push towards the downside. Either way It's a risk I am willing to take and we shall see how the market pans out.
Long
by FreaKaneOut