Forex market
GBPCHF- Weak and Strong - Pivot pointsThe GBPCHF has been creating lower lows and lower highs for a few weeks.
- On the Daily chart yesterday's close made a LH & LL. - Permission to Sell.
-4hrly chart under the weekly CPP and support has been broken at 1.08209.
-Hrly - waiting for a restest of the CPP and the 21ema at this level to take it sell with confirmation - ie, LH and LL on 1min chart.
Target 1 - 1.0781
Target 2- 1.0765/1.0777 (Dly M1)
Target 3 - 1.0735 (Wkly S1)
Contradictions.
Possible support
Watching for closes at 1.08031, 1.07825,1.07567
X1: EURAUD Short Trade OANDA:EURAUD Short trade, with my back testing of this strategy, it hits multiple possible take profits, manage your position accordingly.
This is good trade, don't overload your risk like greedy, be disciplined trader, this is good trade.
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
X1: GBPCAD Long Trade OANDA:GBPCAD Long trade, with my back testing of this strategy, it hits multiple possible take profits, manage your position accordingly.
This is good trade, don't overload your risk like greedy, be disciplined trader, this is good trade.
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
CHF is the new gold? Safe-haven flows keep pressure on USDCHFBank of America argues that the Swiss franc has reasserted itself as the true safe-haven hedge.
BofA says the trend of the CHF being used more like gold, and a hedge against problems like rising US debt, could continue. Unlike the yen, which has lost much of its appeal as a pure haven.
Technically, recent candles might indicate buyers are attempting to build a base, but there’s no decisive reversal yet.
Should price fail to reclaim the 0.8030–0.8050 region soon, the broader bearish structure could resume - possibly testing fresh lows. Meanwhile, rallies in USD/CHF may face pressure as the franc’s macro backdrop continues to attract inflows.
AUDUSD - bullish market is in bull trend and have formed first HH and HL. bullish divergence and double bottom adds weight to the bull
we anticipate market to remain bullish, and entry is taken instantly and sl below the LH. take profits are with R:R of 1:1 and 1:2.
we can also trade on the break of neck line of flag cont. pattern.
GBP/JPY: Total Confluence Targeting 202.05 BreakoutThis is a high-conviction trade setup based on a powerful confluence of fundamental drivers and multi-timeframe technical alignment. We are anticipating a bullish breakout in GBP/JPY, catalyzed by the upcoming UK GDP data release. The price action has formed a classic "coiled spring" pattern, indicating a significant buildup of energy before a potential move higher.
The analysis is based on pure price action, structure, and macroeconomics. The chart is kept intentionally clean to highlight the strength of the setup itself.
The Fundamental Why 📰
Two core data-driven factors underpin this trade:
1️⃣ Macro Policy Divergence: The primary long-term driver is the stark monetary policy difference between a relatively hawkish Bank of England (BoE), which is still fighting inflation, and an ultra-dovish Bank of Japan (BoJ). This fundamental imbalance creates a natural tailwind for GBP/JPY.
2️⃣ Positive Leading Indicators: Recent economic data from the UK has shown surprising strength. Both the Services and Manufacturing PMIs for June beat expectations, suggesting underlying resilience in the economy. This points to a higher probability of an upside surprise in Friday's GDP figures, which would be the direct catalyst for a breakout.
The Technical Picture 📊
Our confidence comes from a rare "Total Confluence," where every timeframe tells the same bullish story.
The Monthly Chart (Strategic View): Shows a powerful, multi-year uptrend that has decisively broken the critical 8-year resistance from the 2015 highs. The macro trend is undeniably bullish.
The Weekly Chart (The Confirmation): Confirms the uptrend is resuming now after breaking out of a year-long bullish continuation pattern. The "resting" phase appears to be over.
The 4-Hour Chart (The Setup): This is the "coiled spring." Price is consolidating in a very tight range right underneath the key breakout level of 199.45. This shows a lack of sellers and a buildup of buying pressure.
Fibonacci Confluence: Our take profit target is not random. It aligns perfectly with the 1.272 Trend-Based Fibonacci Extension, giving us objective, mathematical confirmation for the target at 202.05.
The Trade Plan ✅
This is a "set and forget" breakout strategy. The order should be placed as a Buy Stop to capture the momentum as it breaks higher.
📉 Asset: GBP/JPY
👉 Entry (Buy Stop): 199.85
⛔️ Stop Loss: 198.75
🎯 Take Profit: 202.05
🧠 Risk/Reward: 1:2
This analysis is for educational purposes. Always conduct your own research and manage your risk appropriately. Good luck.
CHF/JPY in Strong Uptrend – Clear Buy Opportunity!Hi traders!, Analyzing CHF/JPY on the 30-minute timeframe, price is currently continuing a strong bullish trend, breaking above recent consolidation and showing momentum to the upside.
🔹 Entry: 183.429
🔹 Take Profit (TP): 184.429
🔹 Stop Loss (SL): 183.341
Price is respecting the 21 EMA and riding it upwards, indicating strong bullish momentum. The RSI is also in the overbought zone, but still climbing, which confirms buyer strength. This setup aligns with the trend continuation and offers a favorable risk-to-reward ratio.
A breakout above the minor resistance and the clear structure of higher highs and higher lows support the bullish idea. Watch for possible reactions near 184.429, where price may face short-term resistance.
⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for their own decisions and risk management.
EURUSD about to fully my prophetic analysis hey guys ..hope y'all remember what i told y'all about this pair and where its heading to ...how its going for the monthly trend line when it breaks -61.8...so hopefully its going to play out soon ...what you see on the chart is what it is ...clear as day ... once it breaks that trendline to the upside,wait for a retest and we gonna ride to the moon ...but trust me on this 90% .... Trading is a game of probabilities
NZDUSD: Bullish Continuation & Long Trade
NZDUSD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy NZDUSD
Entry - 0.5984
Stop - 0.5949
Take - 0.6053
Our Risk - 1%
Start protection of your profits from lower levels
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GBPCAD: Bullish Continuation is Highly Probable! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPCAD pair which is likely to be pushed up by the bulls so we will buy!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️