Huge Probability to See the AUD/USD Reaching the 0.7375 Mark💡 Trade Idea
📉 Buy Now AUD/USD @ 0.7297
🎯 Target Profit 0.7375
🛑 Stop Loss 0.7261
❌ Do not risk more than 1% of your account on each trade
🙂 Good Luck!
Topdownanaylisis
Let's see if the Pound will reach the 1.3035 Mark💡 Trade Idea
📉 Sell GBP/USD @ 1.3137
🎯 Target Profit 1.3035
🛑 Stop Loss 1.3185
❌ Do not risk more than 1% of your account on each trade
🙂 Good Luck!
Sell EURJPY
📉 Sell EUR/JPY @ 125.14
🎯 Target Profit 124.35
🛑 Stop Loss 125.55
❌ Do not risk more than 1% of your account on each trade
🙂 Good Luck!
USDJPYMarket has been in a range for quite a while -
- Sellers were able to push prices downwards beyond the support and reached the 104.200 level, a retracement followed to the past support area & now resistance also is 61% area in the Fibonacci . Buyers tried to break that area but it holds strong and seems to be heading down again to the 104.200 support area.
Selling Area - below 105.500
Target - 104.48
Stop - 106.10
usdjpy topdown approach / buy ideaIF YOU THINK THIS TRADING IDEA IS GOOD FOR EDUCATION, I WILL BE SO THANKFUL TO LIKE THAT VIDEO.
IF YOU WANNA FOLLOW NEXT TRADING IDEAS, JUST CLICK FOLLOW BOTTOM.
THANKS FOLKS,
HAVE A NICE WEEKEND.
DETECTUS_BBtrading
NZD/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair NZD/USD.
Let's start with the Top Down Analysis.
Monthly: A strong trendline was identified in the monthly timeframe.
Weekly: Weekly is overall bearish.
Daily: Daily is bullish but because of the confirmations from monthly and H4 we are bearish.
H4: We see a counter trendline and a breakout. That's the final confirmation for a bearish trend.
Have a nice day.
DXY Price PossibilitiesHello there,
Using my technical analysis, DXY has a good opportunity to go up. On the weekly TF i saw a respected ascending Trendline, even though it's not really that bullish. Yea, it got fakeouts but the last 2 touches on the line didn't break the trendline. I personally don't wanna execute our trade right now. I prefer to wait for the price to retest either to the Demand Zone/Trendline.
Possibilites to go LONG:
1. Price breaks the Descending Channel and bounces from the mini H4 Supply Zone - retest the Trendline/Demand zone.
2. Price directly retest the Trendline/Demand zone.
BUT. There're also possibilites for the DXY to go down, which is Fundamentals.
1. Because of the global pandemic, people will tend to invest their money in GOLD/XAUUSD. Which left the DXY&USD price falls. Correlation isn't really a thing here, because neither the XAU/USD & DXY is strongly correlated.
Summary:
From technical analysis side which tells the DXY will rise, possibilites is it will be a retracement. And thanks to Technical Analysis we got a chance to enter the DXY market and take advantage of the retracement.
Look out for the price action which will tell more information about the price.
Thanks for reading,
Cheers :D
CAD/JPY Short- Fundamentally, the CAD is not looking very good, the GDP growth rate is down to -2.1 and all the other indicators are generally looking very bad for the CAD.
- Technically, we were trapped in a range and on the 4HR new demand was created when a minor trend line was broken - Once we returned to this new demand zone, the 1HR created a nice ascending structure and the LTF created a nice TLBOB opportunity for a short.
