GBPJPY BULLISH OR BEARISH? TRADE IDEAGBPJPY Trade Idea | 1H Timeframe
Price recently tapped into a key supply zone / resistance trendline confluence, showing signs of a potential rejection from the liquidity grab area marked in yellow.
🔹 Liquidity Sweep above recent highs observed.
🔹 Price is reacting from the supply zone, indicating bearish intent.
🔹 Sell-side liquidity range marked below as potential target zone.
🔹 Expecting price to drop further toward 191.500 – 191.300 range after this minor pullback.
🎯 Entry: Around 192.400
🛑 SL: Above 193.300
✅ TP: 191.300 – Risk-Reward ~3.5R
A clean rejection setup after liquidity manipulation – following smart money concept.
Let me know your thoughts below 👇
#GBPJPY #SmartMoneyConcept #LiquiditySweep #ForexAnalysis #PriceAction #SMC #ForexTrading #SupplyAndDemand
Siganlprovider
Lingrid | GOLD Weekly Technical AnalysisOANDA:XAUUSD market closed February with a significant pullback, creating a wick on the monthly timeframe that retraced over 50% of the recent bullish gains. On the weekly chart, price broke and closed below the lows of the previous two weeks, signaling bearish momentum after an impressive run of eight consecutive bullish weeks. This pattern suggests we may be entering a correction phase with potential for prices to test and possibly break below February's low.
A critical development is the breakout of the upward trendline that had provided support for the past two months. Additionally, the market has dropped below the psychologically important 2900 level. Daily timeframe analysis shows that bearish moves are demonstrating greater strength compared to bullish rebounds.
The current price action might form an ABC correction pattern from resistance, with the A leg already in place. Should the market reject the resistance zone above Friday's high, we could see continued downward pressure and lower prices in the near term.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
DON'T MISS EURAUD SHORT TRADE📌 Trade Setup Details:
Pair: EUR/AUD
Timeframe: 4H (4-Hour)
Entry: 1.66347 (Sell Entry after Liquidity Grab)
Stop-Loss (SL): 1.66587 (Above Sell-Side Liquidity Level)
Take Profit (TP):
TP1: 1.65000 (Fair Value Gap - FVG)
TP2: 1.64808 (Order Block - OB)
TP3: 1.64309 (Major Sell-Side Liquidity Target)
Risk-to-Reward (RR): Around 1:4
📊 Market Analysis & Justification:
Liquidity Grab: Price swept previous highs, indicating a potential reversal.
Order Block Confirmation: Rejection near the 4H OB confirms a possible sell setup.
FVG (Fair Value Gap): An imbalance below suggests price is likely to fill this zone.
Market Structure: After liquidity grab and rejection, we expect lower lows in the market.
This trade setup follows Smart Money Concept (SMC) and ICT principles, aligning with bearish price action. 📉🔥
GBPJPY BEST INTRADAY SETUPThis analysis focuses on the GBP/JPY 1-hour chart, highlighting key supply and demand zones.
Resistance Zone (191.600 - 192.000): If price retraces to this level, a rejection could lead to a further drop.
Support Zone (190.200 - 190.400): Price is currently reacting to this area. A break below could trigger a deeper move.
Major Demand Zone (189.500 - 189.700): If the current support fails, price may head toward this strong demand area, potentially providing a long opportunity.
Possible Scenarios:
Bullish Case : If price holds above 190.400 and breaks the 191.600 resistance, we could see an upward push.
Bearish Case : A rejection from 191.600 or a break below 190.200 may lead to a drop toward 189.600.
Stay cautious and watch price action confirmations before entering trades! 🚀
Alikze »» DYM | Descending channel🔍 Technical analysis: Descending channel
- It has been moving in a downward channel in the daily time frame, which continued to correct until the green box after the channel broke.
- It is currently located on the roof of the second channel. With the defeat of the region, it can have goals close to 1.56-1.95.
- In addition, if it can be above 1.56, it can touch the ceiling of the previous channel of 2.34.
💎 Alternative scenario: if it faces selling pressure at the top of the channel, it can continue the correction to the bottom of the descending channel in the range of 0.78 by breaking the green box.
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Alikze.
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BINANCE:DYMUSDT
XAU price today December 18, 2023 lacks upward momentumMost investors expect gold prices to continue to increase in the near future, while market analysts have a more cautious view.
It is forecasted that in the coming time, gold prices may decrease due to the undue impact of expectations that the US Federal Reserve (Fed) will lower interest rates early next year. The US Central Bank will not cut interest rates anytime soon.
The gold market is lacking many motivating factors to continue increasing prices from now until the new year. Gold buying momentum seems to be exhausted.
DXY, SHORT Resault: 420 pips✅Based on the structure of the chart, the US dollar index is pulling back towards the middle line of the ascending channel and will move towards the bottom of the channel after the pullback.
According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
xauusd shortThe beautiful price structure of gold is being prepared for a very hearty and profitable short-selling position and I will enter the sell from the specified range.
According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
EURUSDEurusd is testing its strong level of support at 0.9885 level and rejecting from the support area on smaller time frame we see some bullish momentum and on 1h bullish hammer candle sticks shows the bulls regaining the strength in the #eurusd pair #DXY is also drop from its resistance this also show the strength in eurusd.
TRADE SETUP BUY 0.9910
TARGET 1 : 0.9975
TARHET 2: 1.0000
STOPLOSS 0.9860
SDC SmileDirectClub short squeeze candidate?32.82% OF FLOAT SHORTED.
Bullish on option calls.
Average Volume: 11,003,726! High!
One of the top mentions on Reddit!
52 Week Range 4.63 - 16.08. close to the all time low now!
My price target is the 8.7 resistance.
AKRO USDT IS FORMING A FALLING WEDGE ON DAILY TIME FRAMETrading Signal Time
Akro Usdt
Entry: 0.025 to 0.02
Tp: 0.041
Tp: 0.047
Tp: 0.051
Tp: 0.061
SL: 0.009