AUDUSD: Bearish Breakout Ahead! 55.06% Chance to Hit My Target!The Australian Dollar faces several headwinds that support a bearish bias against the US Dollar:
1. China's economic slowdown is hurting demand for Australian exports.
2. The RBA has paused rate hikes while the Fed maintains a hawkish stance, potentially widening the interest rate gap.
3. Global economic uncertainties favor the safe-haven USD over the risk-sensitive AUD.
I'm using probability analysis on my charts to find good short entry points for AUD/USD.
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Feel free to comment below with your thoughts or questions!
Swingtrading
AUDNZD: Strong Bullish Signal?! 🇦🇺🇳🇿
AUDNZD broke and closed above a resistance of a wide horizontal range on a daily.
With a high probability, the broken structure turns into support now.
The pair will most likely continue growing.
Next resistance - 1.097
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DYM Descending Broadening Wedge Breakout Confirmed!We've just seen a strong breakout of DYM from its descending broadening wedge structure. This is a key bullish reversal signal! 📈
The price action indicates momentum building up, with the next target zone being around $7-$8, representing the top of the broadening wedge structure.
🔸 Key Levels: As the price surges, we’re watching the $7-$8 range for potential resistance.
🔸 Support Re-test?: A possible re-test of the breakout level could present a strong entry point if the momentum holds.
🔸 Volume Confirmation: The breakout is supported by a surge in volume, reinforcing the potential for a strong move upward.
Keep an eye on the market dynamics, and remember to manage your risk, especially as we approach key resistance levels.
#DYM #Breakout #BroadeningWedge #SwingTrade #CryptoTrading #TechnicalAnalysis
🚨 Disclaimer: This is not financial advice. Always conduct your own analysis or consult with a professional.
Bullish AU200: Key Fundamentals & Probability StrategyThe AU200 (ASX 200) index is showing bullish potential due to several key fundamentals. Australia's economy continues to demonstrate resilience, with a strong labor market and low unemployment rate of 3.6% supporting consumer spending. Additionally, the country's resource-rich economy benefits from robust global commodity prices, particularly in key exports like iron ore and coal. The Reserve Bank of Australia's supportive monetary policy, despite recent tightening to combat inflation, further underpins the positive outlook for the AU200.
I'm incorporating probability top-down analysis into my trading strategy for the AU200 to make more informed decisions and improve my chances of success. By using probability tools on my charts, I can assess the probability of price movements reaching specific levels, helping me identify high-probability trade setups.
Now let's get into the top-down process:
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What are your thoughts on the AU200? Share your ideas and insights below!
Why Now is the Time to Go Long on USDJPY: A Trader’s PerspectiveCurrent Fundamentals:
-Diverging monetary policies: The Federal Reserve maintains a hawkish stance, while the Bank of Japan continues its ultra-loose policy.
-Economic growth disparity: The US economy shows resilience, outpacing Japan's growth rate.
-Interest rate differentials: Higher US yields attract capital flows, strengthening the dollar against the yen.
I'm employing probability-based analysis to enter long positions in USD/JPY.
Let's discuss what's going on with USDJPY!
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GODREJPROPHi guys,
In this chart i Found a Demand Zone in GODREJPROP CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Sell Setup Confirmation with 1:5 Risk-Reward Target1. The candle closes at the all-time high,
2. and the next candle breaks that high,
3. closing as the first red candle.
4. The second red candle also confirms that selling pressure is increasing.
5. The third candle’s high does not break the low of the first red candle.
6. Now our resistance is confirmed.
7. According to the trade setup, we will take a trade here.
8. We will book a 1:5 target
USOIL: Bullish Outlook with Probability-Based EntriesMy overall bias on USOIL remains bullish, supported by several key fundamentals:
1. OPEC+ production cuts continuing to tighten supply
2. Geopolitical tensions in the Middle East raising concerns about potential supply disruptions
3. Improving economic outlook in China, potentially boosting oil demand
4. Seasonal increase in oil consumption as we approach summer driving season
I'm utilizing probabilities to position myself into longs on USOIL.
By combining this probability-based method with my bullish bias, I aim to enter USOIL longs at optimal points with favorable risk-reward profiles.
Feel free to let me know if you need any further adjustments!
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Wishing you a great trading week!