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EURUSD SHORT POSITIONGreetings Traders this is my analysis for EURUSD . From the last chart that had a solid growth we can see that the price is managing itself for a future Downtrend Movement. I have redrawn the waves and now I see the completion of the five-wave impulse in the wave “5” of higher order. I expect that the price should update the nearest local minimum of the wave “3” 1.03350. I expect the price to reach at least the area of 1.02540 possibly short key level to 1.03072 I think the price will start a downfall to it might reach our potential target for a Downtrend and for a Sell Position Traders make your own analysis before trading. Please leave a Like,Comment and Follow! Thank you!
Short
by Zaks_ForexRules
EURNZD Developing in a Large Range Trading MovementEURNZD Developing in a Large Range Trading Movement EURNZD is currently developing a significant range trading movement. The price has been oscillating between 1.7500 and 1.8500 for about 600 days, with a trading range of nearly 1000 pips, which is quite substantial. EURNZD has reached the top of the structure again, and it appears that the bearish trend may resume, as it has in the past. The price may not move immediately, but it is already in a critical zone. Support zones on the way down are located near 1.8250, 1.8090, 1.7830, and 1.7500. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
2
GBPJPY LONG SHOTGBPJPY is moving in an UP trend channel, is trading along the rising support And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at The chart broke through the dynamic support, which now acts ... We expect a decline in the channel after testing the current level. Great BUY opportunity GBPJPY Traders, if you liked this idea or if you have your own opinion about it, write in the comments I will be glad Thank You
Long
by Zaks_ForexRules
3
EURUSD The Target Is DOWN! SELL! My dear friends, My technical analysis for EURUSD is below: The market is trading on 1.0429 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.0398 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Lingrid | EURGBP sideways MOVEMENT. Potential ShortFX:EURGBP market is oscillating between the support zone at 0.82300 and the resistance zone at 0.83300. Currently, the price has bounced off the support level and is approaching the upper boundary of the consolidation zone. There is a strong chance that the market will rebound at the resistance level, where the upward trendline and the resistance zone around 0.83000. I anticipate that the market will pull back from this zone and potentially retest the middle of the consolidation range before deciding its next direction. My goal is support zone around 0.82700 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
1
GBP/JPY Swing Trade – End of 2024 (Best Way to Buy)Analysis: GBP/JPY shows potential for an upward move based on harmonic patterns and Fibonacci levels on the daily chart. The current trend is retracing higher after finding support at 188.088 and testing resistance around **197.302**. Entry Setup: - Wait for a pullback to the 195.333 - 197.302 zone (61.8% and 78.6% Fibonacci retracement levels). - Look for bullish candlestick patterns like pin bars or engulfing candles to confirm entry. Profit Targets: TP1: 202.065 (78.6% Fibonacci resistance). TP2: 203.000 (1.272 Fibonacci extension). TP3: 207.056 (1.618 Fibonacci extension) for medium-term potential. Stop Loss: - Conservative: Below 195.333. - Aggressive: Below 188.088 for stronger protection in case of failed breakout. Conclusion: This strategy leverages pullbacks for entry in strong support zones, with layered profit targets and tight stop losses. Focus on confirming signals before entering to minimize risk and maximize profit potential by the end of 2024.
Long
by the_pamungkas
GBPUSD is in the Selling DirectionHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBPUSD SELL | Idea Trading AnalysisGBPUSD is moving on support zone and and made a head & shoulder pattern The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Short
by TheGrove
16
USDCAD (4D) HIGH-RISK OPPORTUNITY, DTA Cautious Downtrend Retracement in an Upward Trend The USDCAD pair is currently experiencing a short-term retracement within a longer-term uptrend. While the overall trend remains bullish, it's important to exercise caution as we approach key support and resistance levels. Key Levels to Watch: Pivot High @ 1.4238 Resistance, Major @ 1.4209 SLO2 @ 1.4188 📉 SLO1 @ 1.4087 ⏳ TP1 @ 1.3894 TP2 @ 1.3733 TP3 @ 1.3614 TP4 @ 1.3430 BLO1 @ 1.3386 ⏳, minor support BLO2 @ 1.3279 ⏳, above major support Support, Major @ 1.3252 Pivot Low @ 1.32286 Trading Strategy: Consider buying or taking long positions below 1.3386. Be aware of the potential for a sharp reversal. Maintain a bullish bias. Be prepared to adjust your position based on market developments. Risk Management: A tight stop-loss order is crucial to limit potential losses. Manage your risk by avoiding over-leveraging your positions. Remember, technical analysis is a valuable tool, but it's not foolproof.
Short
by ProfessorCEWard
Rising from the Ashes: EURO's Path to RecoveryGood day traders, Trust we all profited from the FOMC report of yesterday. Please take a moment to go through my outlook and expectation on Euro in the coming weeks into the new year. Overview EUR/USD appears to be rebounding after a sharp decline triggered by yesterday's FOMC report, where the FED delivered a hawkish 25bps cut, which drove higher market-driven borrowing costs, a stronger dollar and a sharp drop in stocks. From the start of the week EURUSD had previously been consolidating, during which weak buyers (traders) were caught off guard by a false breakout to the upside, reaching a weekly high of 1.05342 on Tuesday. Idea The subsequent sell-off drove the pair to a four-week low of 1.03439, just above the November 22nd low of 1.03324. This drop aligns with a key Fibonacci reversal pattern under Elliott Wave theory, suggesting the potential for a significant rally. If this pattern holds, EUR/USD could gain approximately 400 pips (1.08150) in the coming weeks, with the recovery likely extending into the new year. Conclusion The recent low is expected to act as a firm support level, and a breach of the November low appears unlikely. This anticipated rally could mark the beginning of a period of recovery and optimism for the euro. Cheers! Merry Christmas and Happy New Year in advance.
Long
by Samuel124
EURGBP in a Tug-of-War: A Looming Short Opportunity?The EURGBP market has been experiencing a period of consolidation, confined within a well-defined range between a robust support zone at 0.82300 and a notable resistance zone at 0.83300. This sideways movement reflects the market’s indecision, as traders await key signals to determine the pair’s next major directional move. Currently, the price action has demonstrated a rebound off the lower boundary of this consolidation range—the support level at 0.82300—which has proven to be a formidable floor, absorbing selling pressure and providing a base for upward momentum. Following this bounce, the pair is now gravitating toward the upper boundary of the range near 0.83300, a level that has repeatedly acted as a ceiling, thwarting bullish attempts to break higher. What makes the current setup particularly compelling is the confluence of technical factors near the resistance zone around 0.83000. Not only does this area align with the horizontal resistance level, but it is also reinforced by an upward trendline, creating a potential intersection of supply that could catalyze a bearish reversal. The presence of this dual-layered resistance amplifies the probability of a pullback from these levels, as buyers may struggle to sustain upward momentum in the face of intensified selling pressure. Given this context, I anticipate that the market is likely to react at the resistance zone by staging a pullback, potentially retesting the midpoint of the consolidation range as the pair oscillates within its established boundaries. My primary focus remains on the support zone around 0.82700 as a key target for this anticipated downward correction. This level not only sits comfortably within the middle of the broader range but also represents a logical area where buyers might reenter the market, seeking to defend the pair from further declines. In summary, the EURGBP pair appears poised for a potential shorting opportunity as it approaches the critical resistance zone near 0.83000. This setup presents a classic case of range-bound market dynamics, where understanding the interplay between support and resistance levels can provide a roadmap for navigating price fluctuations. Patience will be crucial in this scenario, as the market's reaction to the resistance zone will likely determine the next phase of price action. Whether the pair ultimately breaks out of its current range or continues to oscillate, the immediate outlook suggests a bearish retracement is on the horizon. (The market decides how much profit you make. You decide how much you lose.)
Short
by lonelyPlayer0
EURGBP Massive Short! SELL! My dear subscribers, This is my opinion on the EURGBP next move: The instrument tests an important psychological level 0.8308 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8277 My Stop Loss - 0.8325 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
AUDUSD: Price at Extreme Zone – Awaiting ReactionWelcome back! Let me know your thoughts in the comments! ** AUDUSD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Long
by OGT_Forex
EURUSD Trade Setup1. Time Frame: - Daily: FVG Identification - H4: FVG Identification - H1: Entry Signal 2. Fair Value Gap (FVG): On the H4 chart noted a Fair Value Gap (FVG) between 1.0380 - 1.0466 On the Daily chart also note FVG between 1.0422- 1.0480 3. Trend Confirmation: Price has break support at 1.0453 with massive net sell volume. Price has rise back to Daily & H4 FVG area. 4. Position: Entry: 1.0430 Stop Loss : 1.0480 Take Profit: 1.0345 & 1.0240 (fibo 161.8 & previous low) RRR : 1:1.7x - 1:3.8x ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Short
by Phoenix-Rise-Trade