CADJPY LongWith H4 trend Pattern on M15, M30 and H1 Triple bottom on M15 with divergence 45 pip stop loss Get out at overbought Longby JD_TeenTrader1
Sell EURGBP at current levels. Very weak EUR Daily EUR GBP and the pound looks to have the upper hand. It's at a double bottom and not much beneath. Shortby Easy_Explosive_TradingUpdated 0
GBPUSD - retrace back to 1.30 before continuing downGBPUSD - retrace back to 1.30 before continuing downward after UK employment numbers. Long term breakdown still intact till 1.25 on fundamentals and UK economy.Shortby amirkhan2351
USDJPY Long after retracement to FIB level.After a short holiday and the fuss of the US elections and the FED decision I started looking for positions. I just entered at market buying the USDJPY at 152.68 SL 151.50 and TP 155.50. There was an impulse wave breaking to the upside and has retraced back down to the 0.618 fibonacci level probably due to intervention comments from the BoJ The Market seems to favour the Trump victory and this has supported the USD and stocks hence this trade idea. P.S. I shall decide later today whether to hold this trade open over the weekend. P.P.S. China all be releasing data over the weekend so be aware if you are trading AUD or NZD. Longby ratcatcherUpdated 0
US $ YEN CARRY TRADE BREAK DOWN NEARThe chart is my view of what is next for the Liquidity market or should I say the breakdown !!!This is the reason I see the SP 500 breakdown about to be seen << Best of trades WAVETIMER by wavetimer112
A new idea nor a setup for the EURNZD!A new idea or a setup for the EURNZD could involve analyzing recent price action and identifying key support and resistance levels. Consider looking for potential entry points based on technical analysis. Watching economic news that could impact the Euro and New Zealand Dollar might also be useful. A clear risk management strategy is crucial to protect against adverse movements.Shortby king_arthursm980
GBPNZD - LONGHey Traders. What about to drink a little bit British tea or New Zelland coffee? Good Luck!Longby ticks4FX1
LONG EURCHFhigh impact news - AUD,GBP,USD no holiday Long EURCHF confirmation- kill the open twice, FVG range, manipulation Longby fredbred19911
UJ to continue its trendAfter london sesh pullback, NY traders joined to continue making UJ trend red DXY ran its course to the upper std and due for pullback trade synchronize with EU etc What yall think?Shortby FableHartUpdated 0
NZD/USD "Kiwi-US Dollar" Bank Money Heist Plan on Bullish SideHallo! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist EUR/JPY "YUPPY" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Point Stop Loss 🛑 : Recent Swing Low using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂Longby Thief_TraderUpdated 1
EURCAD and end of day recoveryEURCAD to recover after a wickdown fake breakdown of channel, fake breakdown of vwap from 6 Nov 2024 swing low and fake breakdown of support USD longs to retrace gains benefiting eur EUR and CAD were beaten down for the day, time for retrace etc What do yall think?Longby FableHartUpdated 0
EURAUD Short Trade SetupAfter a break of bullish structure and sharp sell off post U.S elections. The storm seems like its over but the bias has turned bearish so now that we have confirmation like break of trend line support and structure breakout. We will enter shorts here. Entry: 1.6263 Targets: 1.6030 & 1.5800 Stops: 1.6500 Shortby Trader_970
GBPNZD: Very Bullish Price Action 🇬🇧🇳🇿 GBPNZD looks bullish after a test of a strong daily support. I see a nice cup & handle pattern on that and a confirmed bullish imbalance on a 4H time frame. With a high probability, the price will go up at least to 2.169 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader111
CHFJPY: Bearish Breakout VerifiedA bearish reversal has emerged on the CHFJPY chart. After a period of consolidation, a notable double-top pattern formed on the 4-hour chart. The neckline of this pattern was breached yesterday, confirming a breakout of the support range, which the market is now retesting. The pair is expected to continue its decline toward the 174.02 support level.Shortby NovaFX232
AUDCHF BULLISHAUDCHF print new HH & and come to retest its level there is 2 scenario for 2 trades 1 buy at cmp 2 wait for comlete its correction at 0.61% fib level its good for buuyingLongby shahid7671
CADJPY at strong resistance in the Daily chartHistorical context: +60% up since 2020 The CAD/JPY pair has demonstrated a remarkable upward trajectory since March 2020, recording an impressive increase of over 60%. This surge can be partly attributed to Japan's prolonged monetary policy, which maintained negative interest rates while many other countries raised their rates to combat inflation following the pandemic. Recently, the Bank of Japan signalled a significant shift in its monetary policy, indicating its intention to begin raising interest rates. This development has provided a boost to the Japanese Yen. The current pullback represents the sharpest decline observed since the onset of the uptrend in 2020, potentially signalling a change in market direction. This analysis will delve into the recent price action, loss of key support levels, and critical areas to monitor. Technical Perspective: Key Indicators Break Below the 200-Period Moving Average The recent breach below the 200-period moving average signifies a weakening uptrend. This movement suggests a potential reversal in the prevailing direction, accompanied by increasing selling pressure. The 200-period moving average is often regarded as a critical threshold separating bull markets from bear markets, making a drop below this level particularly significant. Accelerating Downward Movement The decline observed between 10 July and 5 August marks the steepest drop in CAD/JPY since 2020. Most notably, this downturn has effectively engulfed all gains made by CAD/JPY over the previous 12 months. The acceleration of this downward movement underscores significant selling interest in the pair. Fibonacci Analysis and Price Structure Following the breakout of the SMA200 on the daily chart, the price has retraced to the 50% Fibonacci level of the recent downtrend. The 50% level is often viewed as a critical area of interest that can present opportunities aligned with the primary trend. The confluence of the 50% level with the 200-period moving average marks a pivotal point for sellers at this juncture. Possible Sell Scenario Given the breach of the 200-period moving average and the prevailing price structure indicating a potential reversal, a selling opportunity may arise if the pair continues to exhibit weakness. A sell signal could be triggered if the price breaks below the uptrend line on the daily chart (highlighted in black). Initial targets for this sell-off could include the 23.6% Fibonacci level at 105.7, with an extended target around the 103.00 region. A stop loss should be established if the price demonstrates a clear breakout above the range defined by the 50% Fibonacci level and the SMA200 on the daily chart, situated around 111.20. The CAD/JPY pair is beginning to exhibit signs of exhaustion following a prolonged uptrend. The breach below the 200-period moving average and the testing of Fibonacci levels suggest a potential period of correction or reversal ahead. Close monitoring of price action around the 108.229 and 110.258 levels will be crucial in validating any potential short entries. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.Shortby Marketscom1
GBP/USD - Potential Buy Reentry H4 TFTechnical analysis based on Basic BBMA strategies( Bollinger Band and Moving Average). This is just a potential market projection where the market price can go. Trade wisely and good luck!Longby razoredge220
GBPUSD I was not gonna post this but... Yeah... Do what you will... Check out my current running trade posts on EU. Take profit coming soon.Longby ManMcPriceaction0
USDCHF - Potential LONGI hope its a big chance to LONG USDCHF. GOOD LUCK. Dear Traders, trade safe.Longby ticks4FX1
Japan’s consumer spending slips, yen extends gainsThe Japanese yen has posted gains on Friday. In the European session, USD/JPY is trading at 152.38, down 0.36% on the day. The yen has taken traders on a roller-coaster ride this week, plunging 2% on Wednesday and rebounding on Thursday with a 1.1% gain. Japan’s household spending fell by 1.1% y/y in September, following a 1.9% drop in August. This was better than the market estimate of -2.1%. Household spending has declined in 10 of the past 12 months, as consumer confidence fell in October and inflation is relatively high. On a monthly basis, household spending decreased 1.3%, after a strong 2% gain in August. This beat the market estimate of 0.7%. The weak yen is also weighing on consumers, who are being squeezed as their purchasing power has fallen. The yen fell to three-month lows this week against the dollar and if the downswing continues, the Bank of Japan will be under pressure to respond with a rate hike. Although consumers are holding tight on the purse strings, wages have been rising and the BoJ is hopeful that will translate into increased consumer spending and demand-driven inflation. Consumer spending makes up more than half of the economy and BoJ is unlikely to make further rate hikes until it sees stronger consumer spending. The markets don’t expect a rate hike until early 2025. The Federal Reserve didn’t surprise anyone with a 25-basis point rate cut on Wednesday. This is the second cut in the easing cycle after an oversized 50-bp chop in September. The vote was unanimous and unlike the Bank of Japan, the Fed has been transparent and telegraphed its plan to cut rates ahead of the meeting. The Fed is expected to continue cutting rates in the coming meeting and will be keeping a close eye on inflation and employment reports. USD/JPY faces resistance at 153.44 and 154.17 152.16 and 151.43 are the next support levelsby OANDA0
NZD CHF BuyThe New Zealand Dollar (NZD) is generally considered a higher yielding currency. It is dependent on the export of agricultural and other resources. New Zealand's strong economic performance and rising commodity prices often lead to increased demand for the NZD. If the economic data from New Zealand is positive, this could have a positive effect on the currency. However, the Swiss franc (CHF) is known as a "safe haven currency," which investors seek in times of economic instability. If there is stability in the global economy, the CHF could weaken as capital shifts to higher yielding assets, including the NZD.Longby ForexCompany1