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EUR/USD :DOWNTREND | BEARISH SCENARIO - SHORT TRIGGER 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Short
by DAY_PROFITS
Russell 2000: FUNDAMENTAL + NEWS INFOs | LONG SETUPRUSSELL 2000 FORECAST: The Russell 2000 tumbles as U.S. inflation rises at the fastest pace since 1982 Lack of progress in peace negotiations between Russia and Ukraine also weighs on sentiment, accelerating the sell-off on Wall Street The Russell 2000 near-term outlook remains bearish from a technical perspective The Russell 2000 fell Thursday in midday trading, sinking about 1.3% to 1,990, weighed down by risk-averse mood due to rising geopolitical tensions and rampant inflation in the United States. Investor sentiment improved briefly yesterday on expectations that the crisis between Russia and Ukraine could begin to de-escalate soon, but the winds shifted again today after high-level talks between the two countries' foreign ministers failed to produce any progress towards a ceasefire. To make matters worse, U.S. CPI continued to accelerate and reached 7.9% year-on-year in February, its highest level since 1982, driven by rising fuel, food and housing costs.The commodity market price shock of the past few days did not influence data for this period, so we can effectively say that inflation has not yet peaked, and that much higher readings are likely in the coming months. Mounting price pressures will lead the Fed to raise interest rates multiple times in 2022, starting at next week's meeting, although the hiking cycle may be less aggressive than anticipated earlier in the year amid extraordinary uncertainty stemming from the military conflict in Eastern Europe. In any case, the direction of travel is toward less accommodation and tighter financial conditions over the forecast horizon. The transition to a more restrictive monetary policy environment, coupled with weakening activity, runaway inflation, and the war in Ukraine, will ensure that volatility remains elevated for the foreseeable future, complicating the equity market recovery, particularly for cyclically oriented companies that are highly dependent on healthy GDP growth. This leaves the economically sensitive Russell 2000 in a precarious situation and vulnerable to near-term weakness.
OANDA:US2000USDLong
by INDEX_INSIDERS
JP225 NIKKEI : FUNDAMENTAL + LONG FORECAST | PRICE WILL GROW.Japan’s Nikkei jumps about 4% following oil drop; Nio sees gains fizzle in Hong Kong debut Shares in Asia-Pacific jumped on Thursday, following an overnight bounce on Wall Street after oil prices fell sharply from a recent surge. International benchmark Brent crude and U.S. crude futures tumbled more than 10% overnight on Wednesday. Oil prices however recovered from some of those losses in the afternoon of Asia trading hours on Thursday, with international benchmark Brent crude futures up 4.1% to $115.70 per barrel. U.S. crude futures climbed 2.92% to $111.87 per barrel. Asia markets responded on Thursday to the overnight declines in oil prices. China, India, Japan and South Korea are all major importers of oil, according to 2020 data from the International Energy Agency. The Nikkei 225 in Japan led gains among the region’s major markets as it jumped 3.94% to close at 25,690.40 while the Topix index climbed 4.04% to 1,830.03. The Hang Seng index in Hong Kong closed 1.27% higher at 20,890.26. Shares of Chinese electric vehicle maker Nio started trading in Hong Kong on Thursday, in what is the firm’s secondary listing. The shares initially jumped but later erased most of those gains, finishing its debut day 0.82% above its issue price. Mainland Chinese stocks closed in positive territory, with the Shanghai composite gaining 1.22% to 3,296.09 while the Shenzhen component surged 2.179% to 12,370.95. South Korea’s Kospi also gained 2.21% on the day to 2,680.32, with markets returning to trade from Wednesday’s presidential election which saw conservative opposition candidate Yoon Suk-yeol emerging victorious. In India, the Nifty 50 jumped 1.47% while the BSE Sensex advanced 1.53%, as of 1:47 p.m. local time. In Australia, the S&P/ASX 200 climbed 1.1% to close at 7,130.80. Shares of major miner Rio Tinto, however, plunged 7.73%. The firm told CNBC on Thursday that it is “in the process of terminating all commercial relationships it has with any Russian business.” MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.84%. The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 98.124 after a recent decline from around 99. The Japanese yen traded at 115.90 per dollar, weaker than levels below 115.2 seen against the greenback earlier this week. The Australian dollar was at $0.7339, still off lows below $0.726 seen earlier in the week.
OANDA:JP225USDLong
by INDEX_INSIDERS
AUS200 : FUNDAMENTAL ANALYSIS + LONG FORECAST | LONG SETUPAustralia stocks were higher after the close on Thursday, as gains in the IT, Consumer Discretionary and Financials sectors led shares higher. At the close in Sydney, the S&P/ASX 200 rose 1.10%. The best performers of the session on the S&P/ASX 200 were Flight Centre Ltd (ASX:FLT), which rose 6.61% or 1.17 points to trade at 18.87 at the close. Meanwhile, Webjet Ltd (ASX:WEB) added 5.83% or 0.31 points to end at 5.63 and Qantas Airways Ltd (ASX:QAN) was up 5.79% or 0.27 points to 4.93 in late trade. The worst performers of the session were Nickel Mines Ltd (ASX:NIC), which fell 13.17% or 0.19 points to trade at 1.22 at the close. Rio Tinto Ltd (ASX:RIO) declined 7.73% or 9.27 points to end at 110.61 and Beach Energy Ltd (ASX:BPT) was down 5.90% or 0.10 points to 1.60. Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 857 to 547 and 380 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 1.91% to 17.12. Gold Futures for April delivery was down 0.14% or 2.70 to $1,985.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 2.37% or 2.58 to hit $111.28 a barrel, while the May Brent oil contract rose 3.51% or 3.90 to trade at $115.04 a barrel.
FXOPEN:AUS200Long
by INDEX_INSIDERS
XAU/USD remains on the defensive below $2,000, LONG view ⚡️Gold Price Forecast: XAU/USD remains on the defensive below $2,000, downside seems limited Gold oscillated in a narrow trading band through the early European session on Friday. Stability in the financial markets, stronger USD acted as a headwind for the commodity. The Ukraine crisis extended support to the safe-haven metal and limited the downside. Gold struggled to capitalize on the overnight bounce from the $1,970 area and witnessed subdued/range-bound price move on the last day of the week. The XAU/USD seesawed between tepid gains/minor losses through the early European session and was last seen trading below the $2,000 psychological mark. Despite the fact that talks between the Russian and Ukrainian foreign ministers broke down without any notable progress, investors remain hopeful about a diplomatic solution to end the war. Russia appears to have softened its stance and said that the war could stop in a moment if Ukraine agreed to a list of demands. This optimism was evident from signs of stability in the financial markets, which, in turn, acted as a headwind for the safe-haven precious metal. Apart from this, the underlying bullish sentiment surrounding the US dollar further weighed on the dollar-denominated XAU/USD. Following a sharp pullback from the highest level since May 2020 touched earlier this week, the USD made a solid comeback on Thursday following the release of strong US consumer inflation figures. In fact, the headline CPI accelerated to a new 40-year high in February and reinforced bets for an imminent start of the policy tightening cycle by the Fed in March. This, in turn, remained supportive of elevated US Treasury bond yields, which continued underpinning the buck. That said, the risk of a further escalation in tensions between Russia and the West extended some support to gold. In fact, Russia approved a list of goods and equipment that will be prohibited from being exported in retaliation to the Western sanctions imposed over its military operations in Ukraine. Furthermore, US President Joe Biden is set to call for an end of normal trade relations with Russia later this Friday, alongside the Group of Seven nations and European Union leaders. Apart from this, the rapidly deteriorating global economic outlook and worries about a major inflationary shock should limit deeper losses for gold. This warrants caution before positioning for an extension of the corrective pullback from the highest level since August 2020.
OANDA:XAUUSDLong
by FOREXN1
3
UK GDP Beats Expectations,GBP/USD Refuses to Move Higher SHORT🔔The latest UK GDP figures showed that the economy grew at a better-than-expected rate of 0.8% in January, after falling by 0.2% in December and is now 0.8% above its pre-coronavirus level in February 2020. According to the Office for National Statistics (ONS) release, all sectors grew in January 2022, with services up 0.8%, production up 0.7%, and construction up by 1.1%. Sterling, despite the latest good economic news, continues to slide lower, especially against the US dollar, and is back below 1.3100 and at its lowest level since November 2020. Fears that the crisis in Ukraine will take its toll on UK growth and that inflation is set to rise further have weighed on Sterling. Next week the Bank of England is expected to hike interest rates by a further 25 basis points – with a 50bp hike an outside bet – and the language that the MPC uses when delivering their policy decision, and the voter makeup may underpin the British Pound. Retail trader data show 74.73% of traders are net-long with the ratio of traders long to short at 2.96 to 1. The number of traders net-long is 7.80% higher than yesterday and 29.20% higher from last week, while the number of traders net-short is 1.17% higher than yesterday and 30.85% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBP/USD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives a stronger GBP/USD-bearish contrarian trading bias.
Short
by FOREXN1
2
EUR/USD:PRICE CONTINUE TO FALL LIKE PREDICTED|SHORT CONTINUATIONAs expected, the European Central Bank (ECB) kept the interest rate unchanged on Thursday and announced the potential end of QE by the third quarter. Analysts at Wells Fargo still believe the ECB is on pace to lift its Deposit Rate 25 bps at its December meeting. They see some weakness ahead for the euro relative to the dollar. Key Quotes: “We had expected the ECB to announce an accelerated tapering at today's announcement, although the wind down of its bond purchases was more aggressive than we had expected. Altogether, today's decision leaves our ECB monetary policy outlook very much on course. We expect the ECB to end its asset purchases during or by the end of Q3, something ECB President Lagarde indicated in the post-meeting press conference. And the contours of the ECB's monetary policy approach leaves the central bank on course, in our view, to deliver an initial 25 bps Deposit Rate hike at its December 2022 monetary policy meeting. After an initial spike higher, the euro has reversed course and is now weaker against the U.S. dollar.” “As far as our views on the euro going forward, we expect a more gradual pace of ECB policy adjustment relative to the Fed, which should place depreciation pressure on the euro over the medium-term. In addition, we continue to believe financial markets are moderately 'over-priced' with respect to ECB tightening, and as markets adjust to a more gradual pace of ECB tightening, that should also contribute to euro weakness.”
Short
by FOREXN1
3
NZD/USD:UPTREND | BULLISH CHANNEL | PRICE IS GROWING AGAINHello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Long
by DAY_PROFITS
1
GBP/AUD:PRICE ACTION | WAITING NEW BULLISH IMPULSE 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Long
by DAY_PROFITS
USD/CAD:DOUBLE TOP+DIVERGENCE | PRICE MAY FALL | SHORTHello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Short
by DAY_PROFITS
1
GBP/USD:DIVERGENCE IN H8 - PRICE MAY GROW NOW 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Long
by DAY_PROFITS
EUR/USD:PRICE IS GROWING LIKE PREDICTED | LONG SETUP⚡️Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
by DAY_PROFITS
1
Trading Idea - #Paypal - waiting for the support level! #PAYPAL BUY, but needs some time to ripe! Patience necessary! See the most credible scenarios for a LONG entry. I am waiting for a support level test, since the current downtrend ist fully intact and also gained momentum. Major support levels are: Scenario A: 174.00 USD Scenario B: 140.00 USD Due to recent huge insider sell offs, I find it not realistically, that we get above 220.00 USD in the near future!
NASDAQ:PYPLLong
by Traderherz-Analytics
Time for NZD/JPY to shine? Harmonic Reversal Idea | SHORTThe New Zealand dollar has seen a period of strength since the last RBNZ meeting. In that meeting the RBNZ board made an even more hawkish shift seeing the potential need for further interest rate hikes and raised the terminal rate to over 3.00%. This should keep the NZD supported over the medium term. The Japanese Yen has three reasons for weakness at the moment. Low Japanese inflation is unlikely to worry the BoJ, high oil prices pressure the net energy importing Japanese economy, and the BoJ’s monetary policy is keeping 10-year yields pinned in the +0.25% and -0.25% band. The NZDJPY pair has a strong seasonal pattern right now. Over the last 22 years, it has gained 16 times for an average 1.79% return. The largest gain was a huge 13.72% in 2009 and the biggest loss was -4.41% in 2017. Will the NZDJPY pair show strength again this year? Major Trade Risks: The main risk here is that risk-off trading on geopolitical concerns over the Russian/Ukraine crisis results in further risk-off selling.
Short
by FOREXN1
5
EUR/JPY:DOWNTREND | FUNDAMENTAL+PRICE ACTION | SHORT SETUP 🔔EUR/JPY extends monthly resistance break above 128.00 ahead of ECB EUR/JPY challenges the one-month-old downtrend around weekly high, sidelined of late. Euro bulls expected ECB to utter plans to battle stagflation fears even as monetary policy isn’t expected to change. Nikkei 225 posts biggest jump in 19 months amid hopes of overcoming Russia-Ukraine crisis. ECB, Kyiv-Moscow talks join US CPI for February to entertain momentum traders. EUR/JPY grinds higher around weekly top, up 0.11% intraday near 128.35 heading into Thursday’s European session. In doing so, the cross-currency pair rises for the third consecutive day while keeping the previous day’s upside break of a one-month-old descending resistance line, now support. Also underpinning the bullish bias is the market’s cautious optimism over the Russia-Ukraine peace talks, as well as hopes that the European Central Bank (ECB) will sound hawkish alarms even if the benchmark rate and bond purchases are likely to remain unchanged. Risk appetite improved as Ukraine’s retreat from NATO joined readiness to compromise on certain goals, if Russia does the same hinted an immediate solution to the grim conditions in Kyiv. Though, Moscow’s rejection to concede anything joins the West versus Moscow tussles, via Kyiv, to weigh on the mood of late. Even so, a stellar rally by Japan’s Nikkei 225, the biggest daily jump since June 2020, joins easy US Treasury yields to weigh on the yen’s safe-haven demand. Elsewhere, stock futures in the US and Europe fail to track Wall Street gain amid anxiety over the key issues. That said, diplomats from Ukraine and Russia will meet in Turkey on Thursday. Given the recently increasing hopes of a diplomatic solution, a disappointment will have higher chances of roiling the EUR/JPY uptrend. Also, the ECB is likely to utter hawkish words as it battles fears of stagflation, which in turn highlights the monetary policy decision despite the unexpected change in the key measures. It should be noted that the monthly prints of the US Consumer Price Index (CPI) for February, likely rising to 7.9% from 7.5% prior, will also act as an important catalyst. All in all, Thursday is set to become another active day for the global markets, not just for EUR/JPY.
Short
by FOREXN1
2
GBP/USD:FUNDAMENTAL INFOS + TECHNICAL HARMONIC PATTERN ANALYSIS GBP/USD has lost its traction after testing 1.3200. Pound can capitalize on risk flows on de-escalation of Russia-Ukraine conflict. Sellers could take action in case GBP/USD fails to hold above 1.3160. Fueled by the improving market mood, GBP/USD has staged a decisive recovery toward 1.3200 early Thursday. With investors adopting a cautious stance while waiting for headlines from the meeting between the Russian and Ukrainian foreign ministers, however, the pair has lost its bullish momentum. The technical picture doesn't yet point to a bullish tilt in the near-term outlook but the British pound could gather strength in case risk flows start to dominate the markets. Ukrainian President Volodymyr Velenskyy told the German newspaper Bild late Wednesday that the aim of Thursday's talks was to end the war. Zelenskyy further added that they were willing to make concessions but Russian news outlets noted that Russia would not concede anything at the negotiation table. Investors are yet to be convinced that there will be a diplomatic solution to the Russia-Ukraine conflict and the recent market action reflects this view. The UK's FTSE 100 Index is already down 1% on the day and the US Dollar Index, which lost 1% on Wednesday, is up 0.3%. Later in the session, the February Consumer Price Index (CPI) data will be looked upon for fresh impetus. Annual CPI inflation is forecast to climb to a new multi-decade high of 7.9% from 7.5%. A stronger-than-expected CPI reading could provide an additional boost to the greenback but the pair's action is likely to be driven by the changes in risk perception. The dollar is likely to continue to outperform its rivals and drag GBP/USD lower in case Russia and Ukraine fail to make progress and vice versa.
Long
by FOREXN1
5
GOLD:FUNDAMENTAL INFOS+TECHNICAL SCENARIO | LONG SETUP 🔔Gold Price Forecast: XAU/USD to advance nicely fueled by heightened geopolitical risks and higher inflation – ANZ Gold has rallied to a 19-month high as the US move to ban Russian oil imports fuelled concerns over inflation and economic growth. Strategists at ANZ Bank expect the yellow metal to continue benefitting from the safe-haven demand. Russian sanctions are intensifying the stagflation risk “Investors are shifting towards gold as the Ukraine-Russia war worsens.” “With Russia being a major commodity producer, sanctions are intensifying the stagflation risk.” “We believe heightened geopolitical risks and higher inflation will support gold prices.”
OANDA:XAUUSDLong
by FOREXN1
4
EUR/USD Outlook: FUNDAMENTAL Infos+Technical Analysis SHORT 🔔Hopes for a diplomatic solution to the Ukraine crisis lifted EUR/USD to the 1.1100 mark on Wednesday. Strong rally in the equity markets weighed heavily on the safe-haven USD and remained supportive. The overnight spike in the US bond yields limited the USD losses and capped the upside for the pair. Investors also seemed reluctant ahead of the ECB policy meeting and the US CPI report on Thursday. The EUR/USD pair witnessed an aggressive short-covering move on Wednesday and recorded its steepest daily rise in nearly six years amid hopes for a diplomatic solution to end the war in Ukraine. Turkey's top diplomat Mevlut Cavusoglu announced that Russian Foreign Minister Sergey Lavrov and his Ukrainian counterpart Dmytro Kuleba have agreed to meet on Thursday. This would be the first potential talk between the two officials since Russian troops invaded Ukraine on February 24 and raised expectations that a compromise is possible, providing much-needed relief to investors. This, in turn, triggered a sharp rally in the equity markets, which drove flows away from the safe-haven US dollar and provided strong boost to the major. The pair rallied to the 1.1100 neighbourhood, though lacked follow-through buying and edged lower during the Asian session on Thursday. Investors remain concerned about the risk of a further escalation in tensions between Russia and the West. In fact, US President Joe Biden on Tuesday imposed an immediate ban on Russian oil and other energy imports. Britain matched the move and said that it would phase out the import of Russian oil by the end of 2022. The European Union (EU) also announced new sanctions against Russian individuals and Belarus banks. The Russian foreign ministry said that the response to the Western sanctions will be sensitive and precise. This, in turn, kept a lid on the latest optimism in the markets, at least for now. Apart from this, the overnight sharp spike in the US Treasury bond yields helped limit losses for the USD and further collaborated to cap gains for the major. The recent monster gains in commodity prices have been fueling worried of a major inflationary shock amid the rapidly deteriorating global economic outlook and acted as a tailwind for the US bond yields. Investors also seemed reluctant and preferred to wait for the European Central Bank (ECB) meeting later today. Given its geographical proximity, the European economy is anticipated to suffer the most from the spillover effects of the Ukraine crisis. This, however, might do little to force the ECB to change its hawkish stance amid the record-high consumer inflation. Later during the early North American session, traders will take cues from the US CPI report. This, along with the broader market risk sentiment and the US bond yields, will influence the USD price dynamics. That said, the focus will remain on the incoming geopolitical headlines and developments surrounding the Russia-Ukraine saga. Nevertheless, the stage seems all set for yet another day of volatile price moves for the pair.
Short
by FOREXN1
4
GOLD Forecast: XAU/USD | Corrective Scenario Pullback | SHORT ⭐️Modest recovery in the risk sentiment prompted some profit-taking around gold on Wednesday. The worsening situation in Ukraine, stagflation fears should limit any meaningful corrective slide. Softer USD/US bond yields should further lend some support to the dollar-denominated metal. Gold edged lower through the early European session on Wednesday and was last seen hovering near the lower boundary of its intraday trading range, just below the $2,040 level. A goodish recovery in the equity markets turned out to be a key factor that prompted some profit-taking around the safe-haven XAU/USD. The risk sentiment stabilized a bit amid hopes for a positive outcome from the meeting between Russian and Ukrainian foreign ministers in Turkey on Thursday. The optimism, however, is likely to remain capped amid the risk of a further escalation in the tensions between Russian and Western powers. In fact, US President Joe Biden on Tuesday imposed an immediate ban on Russian oil and other energy imports. The move was matched by Britain, announcing that it would phase out the import of Russian oil by the end of 2022. The Russian foreign ministry reportedly said on Wednesday that the response to the Western sanctions will be sensitive and precise. This, along with the recent monster gains in commodity prices that followed Russia's invasion of Ukraine, fueled fears about a major inflationary shock in the global economy. This should further act as a tailwind for gold, which has a proven historical ability to act as a hedge against inflation. Apart from this, modest US dollar weakness and softer US Treasury bond yields could also lend some support to the dollar-denominated gold. Hence, it will be prudent to wait for strong follow-through selling before confirming that the XAU/USD has topped out and positioning for any meaningful corrective pullback. Nevertheless, the metal, for now, seems to have snapped four successive days of the winning streak to the highest level since August 2020 and remains at the mercy of developments surrounding the Russia-Ukraine saga.
OANDA:XAUUSDShort
by FOREXN1
EUR/JPY: DIVERGENCE AND PRICE READY TO GROW | LONG SETUPHello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Long
by DAY_PROFITS
GBP/USD: BEARISH SCENARIO CONTINUATION | SHORT SETUP🔔The GBPUSD had moved into a support area between 1.3133 to 1.31865 area earlier today. The low of the swing area would increase the bearish bias, and that is what happened. The pair has moved down to a low near the 1.3100. The low price reached 1.3101 so far. A move below the natural support at 1.3100 would increase the bearish bias even more, and open up the downside for more probing.. Now that the swing area has been broken, sellers will now use it to lean against. That is, stay below 1.3186 is a risk defining level. Stay below keeps the sellers more control on the daily chart. A closer resistance target would be the low of the swing area at 1.3133 along with the 38.2% retracement of the move up from the March 20, 2020 low. That level comes in at 1.3164. The most bearish scenario would be to stay below 1.3100.
Short
by DAY_PROFITS
1
USD/JPY:BULLISH CHANNEL | PRICE IS GROWING | LONG SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Long
by DAY_PROFITS
EUR/USD: PRICE REACTED IN SUPPORT ZONE | LONG SETUP READY 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Long
by DAY_PROFITS