EURUSD: Your Detailed Trading Plan For Next Week 🇪🇺🇺🇸
EURUSD is currently trading between 2 solid key levels.
Depending on the reaction of the price to these structures,
I see 2 potential scenarios next week.
IF the price breaks and closes above 1.094,
I will expect a bullish movement at least to 1.101.
IF the price violates 1.083 support and closes below that,
a bearish continuation will be anticipated to 1.079
The main catalyst next week will be Powell's speech.
Pay close attention to this news and wait for a breakout.
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Swingtrader
Dollar Index (DXY): Consolidation Continues 💸
Dollar Index in consolidating within a horizontal trading range on a daily.
Depending on the reaction of the price to its boundaries,
I see 2 potential scenarios.
Bullish Scenario
If the price breaks and closes above 102.85 resistance on a daily,
I will expect a bullish continuation to 103.3 area.
Bearish Scenarios
If the price breaks and closes below 101.35 support,
a bearish movement will be expected to 100.6 level.
As always, the best strategy to follow is to wait for a breakout.
For now, it feels like the market will keep staying within the range though.
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CHFJPY: Bullish Trend Continues 🇨🇭🇯🇵
CHFJPY is trading a long-term bullish trend.
After the price set a new high in July,
it started a correctional movement.
A cup & handle pattern was formed.
CPI report was a trigger for the buyers to violate the neckline of the pattern.
Daily candle closed above that.
It signifies that bullish trend will continue.
The market will most likely keep growing.
Next resistance - 166.5
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EURCAD: Bullish Outlook Explained 🇪🇺🇨🇦
EURCAD is trading in a bullish trend.
After the price set a new high in July, the market started a correctional movement.
The price perfectly respected 1.45 support.
A strong bullish wave initiated from that and the market managed to violate a local
horizontal resistance.
It will most likely trigger a further bullish continuation.
Next goal - 1.4835
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USDCAD: Potential Bullish Scenario Explained 🇺🇸🇨🇦
USDCAD is forming an ascending triangle formation on a daily.
1.3224 - 1.3244 is its horizontal neckline.
If the price breaks and closes above that on a daily,
it will be a strong bullish signal.
A bullish continuation will be expected at least to 1.335 then.
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EURJPY Ahead of ECB & BOJ Rate Decision 🇪🇺🇯🇵
EURJPY is trading in a long-term bullish trend.
After the price reached a 158 level, the market retraced to a rising trend line.
The market is approaching the highs again now.
Bullish breakout of the underlined blue area and a daily candle close above that
will be a strong trend-following signal.
A bullish continuation will be expected to 160 level then.
Alternatively, a bearish breakout of a trend line will be a strong bearish signal.
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EURJPY: Your Detailed Trading Plan For Next Week 🇪🇺🇯🇵
EURJPY is trading in a long-term bullish trend.
After it reached 158 level, the market started a correctional movement.
The price retraced to a rising trend line and bounced from that.
The market is retesting the current high now.
If the price breaks and closes above that on a daily,
it will trigger a trend-following movement.
A bullish continuation will be expected to 160.0 level then.
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AUDCHF: Important Breakout & Bearish Continuation 🇦🇺🇨🇭
AUDCHF broke and closed below a major horizontal demand zone on a daily.
The broken structure turned into a resistance.
The market will most likely keep falling.
Next support - 0.575
For entries, consider an occasional retest of a broken structure.
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How To Use Time Frame Combination For Swing Trading OANDA:NZDUSD
OANDA:EURUSD
Hello Traders,
This video will show you how to use time frames and combine them for swing trading from a higher time frame to a lower time frame.
I use recent NZDUSD and EURUSD move to frame swing trade opportunities from a higher time frame to a lower time frame.
I hope this video helps you.
Don't forget to give me a like and a follow for future updates.
If there is anything you want me to cover, drop a comment on it.
EURCAD: Important Breakout & Bullish Continuation 🇪🇺🇨🇦
After a bullish accumulation, EURCAD broke and closed above a wide horizontal supply cluster on a daily.
The broken structure turned into a demand zone.
I believe that the pair will go higher.
Next resistance - 1.463
For entries, consider the occasional retest of a broken structure.
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GBPCAD: Waiting For Breakout 🇬🇧🇨🇦
It looks like GBPCAD is preparing for a bullish movement.
Analyzing the 4H time frame, I spotted a bullish flag pattern
and a confrimed breakout of its upper boundary.
The last obstacle for the buyers is the 1.6825 - 1.6850 resistance on a daily.
If bulls break and close above that, it will be an important bullish clue.
A bullish continuation will follow then at least to 1.692
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USDJPY: Bullish Accumulation & Trading Plan 🇺🇸🇯🇵
USDJPY is stuck on a key horizontal daily resistance.
The price is currently trading within a narrow range.
Because the current trend is bullish, I am looking for trend-following opportunities.
To buy with a confirmation, wait for a bullish breakout of 142.0 - 142.45 area.
Daily candle close above will confirm the violation.
A bullish continuation will be expected then at least to 143.5
Alternatively, a bearish breakout of the support of the range may trigger
a correctional movement.
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AUDCAD: Classic Bearish Reversal Explained🇦🇺🇨🇦
AUDCAD reached a solid horizontal resistance last week.
The market was steadily growing within a rising wedge pattern.
After the test of structure, a bearish move initiated and the pair managed to close below the support of the wedge.
Because the pair is trading in a global bearish trend, the violation may trigger a trend-following movement.
Goals: 0.901 / 0.895
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USDCHF: Bearish Outlook Explained 🇺🇸🇨🇭
USDCHF is trading in a bearish trend since October 2022.
Reaching 0.88 level, the market set a new lower low and started a correctional movement.
The price started to steadily grow within a bearish flag pattern.
At the end of May, a solid horizontal supply area was reached. The market started to consolidate on that.
A bearish movement initiated then. The market broke and closed below a support line of a flag.
I believe that it is the sign of strength of the sellers and a bearish wave will initiate soon.
For entries, consider an occasional retest of a broken support of the flag.
Goals: 0.896 / 0.89
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GBPUSD: Important Breakout 🇬🇧🇺🇸
GBPUSD formed a high momentum bullish candle on a daily time frame yesterday.
That candle closed above a key horizontal resistance.
The broken structure and a major rising trend line now compose a contracting demand zone
- the area from where the next bullish movement will initiate.
Next resistance - 1.263
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EURUSD I Weekly forecast and swing trade opportunityWelcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
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