Get started

Forex market

AUD/USD - Bullish Engulfing at Support for Long Entry📈 Trade Idea: Long AUD/USD Analysis: Price formed a bullish engulfing candle off the 0.6360 support zone, signaling strong buyer interest. This level was previously a resistance zone, now acting as support. The engulfing pattern confirms momentum shift, making it a strong entry trigger. Trade Plan (Based on Chart Setup): 🔹 Entry: 0.6361 (Bullish engulfing confirmation) 🔹 Stop Loss: 0.6346 (Below support and engulfing low) 🔹 Take Profit: Fixed at 2R Risk/Reward: ✅ Stop Loss: ~15 pips ✅ Take Profit: ~30 pips (2R target) ✅ Risk-Reward Ratio: 1:2 Why this trade? ✔️ Bullish engulfing at key support ✔️ Break and retest confirmation ✔️ Strong momentum shift in favor of buyers 📌 Looking for price to hold above 0.6360 to maintain bullish momentum.
Long
by riojulianprt62512
USD/JPY H1 Technical Analysis: Accelerated Bearish MomentumLooking at the H1 timeframe for USD/JPY, we're seeing a significant bearish momentum with several key technical developments: Market Structure: Strong bearish trend continuation after breaking below 151.00 support All moving averages aligned bearishly with accelerating downward slope Clear lower highs and lower lows structure Previous support levels being broken with momentum Key Levels: Previous Support (Now Resistance): 151.229 Current Price: ~150.15 Next Major Support: 149.98 Critical Resistance: 152.25 (Trend Line) Technical Indicators: Volume showing increased selling pressure Momentum indicators in strong bearish territory Price trading well below all major moving averages Trend line resistance remains intact from previous highs Trading Considerations: Strong bearish continuation in play Watch for potential retest of 151.00 as resistance Key psychological level at 150.00 could provide temporary support Monitor for any intervention risk given rapid JPY strengthening
Short
by FXCapitalClub
GBP/USD H1 Technical Analysis: Consolidation in key structureLooking at the H1 timeframe for GBP/USD, we're observing a clear consolidation pattern with several notable technical features: Market Structure: Price is trading within a defined range between 1.2590-1.2627 Currently hovering around 1.2592, showing indecision in the market Moving averages have flattened, indicating the ranging environment Yellow box highlighting the current consolidation zone Key Levels: Upper Range: 1.2627 (Previous Weekly High) Current Price: ~1.2592 Lower Support: 1.2541 (Key S/R Level) SSL Level: 1.2449 (Major Support) Technical Indicators: Volume showing decreased activity, typical of range-bound conditions Momentum indicators in lower panel showing minimal directional bias Price compressing between moving averages, suggesting potential breakout setup Trading Considerations: Wait for clear breakout from current consolidation Range trading opportunities between identified levels Watch for increased volume on any breakout attempt Key resistance at 1.2627 needs to be monitored for potential rejection
by FXCapitalClub
EUR/NZD "Euro vs Kiwi" Forex Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/NZD "Euro vs Kiwi" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on! however I advise placing Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at 1.83500 (swing Trade Basis) Using the 4H period, the recent / swing high or low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1.80000 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: The EUR/NZD "Euro vs Kiwi" Forex Market is currently experiencing a Bearish trend., driven by several key factors. ⭐Fundamental Analysis Economic Indicators: Eurozone's GDP growth rate expected to slow down to 1.2% in 2025 Monetary Policy: European Central Bank (ECB) expected to maintain dovish stance Trade Balance: Eurozone's trade balance expected to remain in surplus Inflation Rate: Eurozone's inflation rate expected to rise to 2.0% in 2025 ⭐Macro Economics Global Economic Trends: Ongoing global economic recovery expected to drive up demand for commodities Commodity Prices: Commodity prices expected to rise by 5% in 2025 Interest Rates: Central banks expected to maintain low interest rates in 2025 Currency Flows: Currency flows expected to remain stable, with no significant changes in currency exchange rates ⭐Intermarket Analysis Correlation Analysis: EUR/NZD pair positively correlated with EUR/USD pair Commodity Analysis: EUR/NZD pair negatively correlated with gold Equity Analysis: EUR/NZD pair positively correlated with Euro Stoxx 50 index ⭐COT Data Non-Commercial Traders (Institutional): Net Short Positions: 45% Open Interest: 120,000 contracts Commercial Traders (Companies): Net Long Positions: 35% Open Interest: 60,000 contracts Non-Reportable Traders (Small Traders): Net Short Positions: 20% Open Interest: 30,000 contracts ⭐Technical Analysis Trend: Bearish trend Support Zone: 1.80000 - 1.81000 Resistance Zone: 1.84000 RSI(7): 24.55, indicating oversold conditions STOCH(5,3,3): 20.56, indicating a potential reversal ⭐Sentimental Analysis Institutional Sentiment: 45% bullish, 55% bearish Retail Sentiment: 50% bullish, 50% bearish Market Mood: Bearish, with a sentiment score of -0.5 ⭐Market News and Events Economic Indicators: Monitor economic indicators, such as GDP growth rates and inflation rates, to gauge the overall health of the economy. Central Bank Decisions: Keep an eye on central bank decisions, such as interest rate changes, to anticipate potential market movements. Geopolitical Events: Monitor geopolitical events, such as trade tensions and elections, to identify potential market risks. ⭐Next Move Prediction Based on the analysis, the next move prediction is: Short-term (1-3 days): Bearish, targeting 1.80000 Medium-term (1-2 weeks): Neutral, with a potential reversal to 1.84000 Long-term (1-3 months): Bearish, targeting 1.75000 ⭐Positioning Risk-Reward Ratio: Aim for a risk-reward ratio of 1:3 or higher Position Sizing: Optimal position size is 2% of the trading account, based on a risk-reward ratio of 1:2 Stop-Loss: Set a stop-loss above 1.8350 for bearish trades ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader
USD/JPY Technical Analysis: Rebound Opportunities Hello readers, my name is Andrea Russo and I am a Professional Trader. Today I want to show you my technical analysis on USD/JPY, a currency cross that has caught my attention for its current oversold position. I will analyze the various timeframes (1 day, 4 hours and 1 hour) to give you a clearer overview of the trading opportunities that could open up in the coming days. Analysis on the Daily Chart (1D) Let's start with the 1-day chart, where we can clearly see that the USD/JPY pair is in an oversold zone. The RSI (Relative Strength Index) and the price have reached levels that indicate a potential reversal. The bearish trend has been consolidated for several days now, but the market seems to be starting to exhaust its strength, approaching a possible support area. The moving averages (200 EMA, 50 EMA and 20 EMA) suggest a possible price recovery when the market finds stable support. The area where we are is crucial for a possible rebound. Analysis on the 4-Hour (4H) Chart Moving to the 4-hour chart, the situation is similar: the RSI is clearly in the oversold zone, and we can observe that the price has made a significant correction. This tells us that the market could be ready to reverse direction, with a recovery towards the next resistance level, located near 152,500. The structure of the market in this time frame suggests that it could be a good time to enter a long trade with short-term targets. Analysis on the 1-Hour (1H) Chart Finally, the 1-hour chart further confirms our hypothesis of an oversold zone. The RSI has reached extreme levels, indicating that the market could remain in this condition for a while, but a correction is also likely to occur soon. The price action on this timeframe indicates a potential entry opportunity for those looking to take advantage of a technical bounce. The short-term moving averages are starting to move away from the price, which could indicate a change in the direction of the trend. Conclusion In summary, USD/JPY seems to be in an oversold phase on all major timeframes (1D, 4H, 1H). This could be a signal that the market is ready to retrace, with a possible rally in the coming days. Traders could consider entering a long position, looking to take advantage of a technical bounce towards resistances. However, it is crucial to monitor key support and resistance levels, as well as the RSI, to try to avoid trading in a further downside environment. As always, I recommend using rigorous risk management to protect your capital in the event of unexpected market movements. Happy trading and see you soon with more analysis! Andrea Russo
Long
by Andrea_Russo_SwipeUP
How Do Traders Spot and Use the Dragonfly Doji CandlestickHow Do Traders Spot and Use the Dragonfly Doji Candlestick Pattern? The dragonfly doji candlestick pattern holds intrigue and fascination for traders in financial markets. Its distinct shape and positioning on price charts make it a keen subject for observation and analysis. In this article, we will explore this setup, its significance, and how traders use it in their trading strategies. What Does a Dragonfly Doji Mean? The red or green dragonfly doji is a candlestick pattern that forms when the opening, closing, and high prices of an asset are equal or almost equal. This formation resembles the shape of a dragonfly because it has an extended lower shadow. It provides bullish signals and is considered a neutral pattern as it provides continuation and reversal signals, depending on its context within a trend. The meaning of a dragonfly doji is that there is uncertainty in the market, and traders are prompted to carefully analyse other factors before making trading decisions. Traders may find the dragonfly doji pattern on charts of different financial instruments, such as currencies, stocks, cryptocurrencies*, ETFs, and indices, regardless of the timeframe. Test this pattern on various assets with FXOpen’s TickTrader platform. The Psychology Behind the Dragonfly Doji The dragonfly doji candle pattern reflects a tug-of-war between buyers and sellers, where neither side gains a decisive advantage. Its formation indicates that sellers initially push prices lower, but buyers step in to push prices back up to the opening level. This results in the distinct long lower shadow and minimal upper shadow. The psychological meaning of the dragonfly candlestick pattern is significant; it shows that despite bearish pressure, buyers are strong enough to regain control by the close. It signals indecision, highlighting the need for traders to carefully evaluate other indicators and the broader trend before making trading decisions. How Can You Trade the Dragonfly Doji? The bullish dragonfly doji provides valuable information about market sentiment. Here are two scenarios where this formation can be significant: The Dragonfly Doji in an Uptrend In a bullish trend, the dragonfly doji is generally seen as a continuation signal. This is because, despite sellers attempting to push the price lower, buyers remain active and prevent a significant decline. However, it is worth noting that the inability of buyers to push the price above its open level may indicate a potential weakening of bullish momentum. Traders may consider entering the trade above the open/close of the doji’s candle or if the proceeding bar closes above the doji’s open/close. The stop-loss level may be placed below the candlesticks, while the take-profit target may be set at the nearest resistance level. In the chart above, the pattern formed in an uptrend, and the trader placed a long trade on the next bar. The stop loss was set below the candle, with the take profit at the closest resistance level. Dragonfly Doji in a Downtrend The dragonfly doji in bearish trends may suggest a possible upward reversal. The long lower shadow indicates that buyers entered the market, pushing the price up from its lows. This could be seen as a signal to consider going long or watching for a further bullish confirmation before taking action. Traders may place a stop loss below the candle with a take profit at the closest resistance level or may consider the appropriate risk/reward ratio. The candle at the end of a downtrend signals a price reversal. The trader placed a buy order at the high of the doji with a stop-loss level below it. The take profit is calculated based on the risk/reward ratio. Traders can enhance their trading strategies by utilising the free TickTrader trading platform. How Can You Confirm the Dragonfly Doji? Confirming the dragonfly doji may increase the reliability of trading decisions. Here are key factors to consider: - Volume Analysis: High trading volume during the formation of a dragonfly candle may indicate stronger market sentiment and increase the likelihood of a significant move. - Subsequent Candlesticks: Traders look for a bullish candlestick following the dragonfly candlestick. This reinforces the potential for a trend reversal or continuation. - Support and Resistance Levels: A formation occurring near significant support levels can strengthen its validity as a potential reversal signal. - Technical Indicators: To gauge momentum and confirm signals, traders often complement the analysis with indicators like the Relative Strength Index (RSI), moving averages, and Bollinger Bands. - Market Context: It’s best to evaluate the broader market trend and news that may impact market sentiment to provide a clearer picture of its implications. Dragonfly and Other Patterns Dragonfly doji, gravestone doji, spinning top, and long-legged doji are all types of candlestick patterns commonly used in technical analysis to indicate potential reversals or indecision in the market. Traders often pay close attention to them when making trading decisions. Dragonfly Doji vs Gravestone Doji While the dragonfly doji has a long lower shadow and little or non-existent upper one, the gravestone or inverted dragonfly doji has a long upper wick and little or non-existent lower one. Both patterns indicate indecision, but the dragonfly provides bullish signals, whereas the gravestone indicates potential bearish reversals. Dragonfly Doji vs Long-Legged Doji The dragonfly has a long lower shadow with little to no upper shadow, indicating a potential bullish reversal. In contrast, the long-legged version has long upper and lower shadows, reflecting significant indecision and equal pressure from buyers and sellers without a clear directional bias. Dragonfly Doji vs Hammer The dragonfly and the hammer both signal potential bullish reversals, but they differ in appearance and context. The dragonfly has no upper shadow, but it has a very small body and an extended lower shadow, while the hammer has a body at the top of the candlestick and a long lower shadow. The hammer typically appears after a downtrend, signalling a reversal, while the dragonfly doji appears in uptrends and downtrends. Limitations of the Dragonfly Doji While the dragonfly doji is a valuable candlestick formation for traders, it is not without its limitations. Recognising these constraints can help them understand how to use it most effectively. - False Signals: The dragonfly sometimes produces false signals, leading traders to anticipate reversals that do not materialise. - Market Context: Its effectiveness is heavily influenced by the broader market context. It may not be reliable in all situations, particularly in choppy or sideways assets. - Confirmation Needed: Additional indicators or subsequent price action are usually required to confirm the pattern, as relying solely on its appearance can be risky. - Limited Power: It does not provide information on the magnitude of the subsequent price movement, making it challenging to set precise profit targets. Closing Thoughts Candlestick patterns should not be relied upon as the sole factor in trading decisions. It is essential to perform a comprehensive analysis and implement robust risk management strategies before making any trades. Once you are confident in your analysis, consider opening an FXOpen account to take advantage of spreads as tight as 0.0 pips and commissions starting at just $1.50. FAQ What Does Doji Candle Mean? A doji candle represents a session where the opening and closing prices are almost equal, indicating market indecision. It suggests neither buyers nor sellers are in control, resulting in a standoff. Doji candles can take various forms, including dragonfly, gravestone, and long-legged, each with unique implications. What Does a Dragonfly Doji Indicate? A dragonfly doji indicates indecision and potential trend reversal. It forms when the open, high, and close prices are near the same level but it has a long lower shadow. This formation suggests buyers counteracted initial selling pressure, signalling a possible bullish shift. Is the Dragonfly Doji Bullish or Bearish? The dragonfly is generally considered bullish, especially after a downtrend. Its formation indicates buyers pushed prices back to the opening level, potentially leading to a price increase. What Is the Opposite of the Dragonfly Doji? The opposite of the dragonfly doji is the gravestone doji. The dragonfly has a long lower shadow and little to no upper shadow, while the gravestone features a long upper shadow and minimal lower shadow, indicating a potential bearish reversal. *Important: At FXOpen UK, Cryptocurrency trading via CFDs is only available to our Professional clients. They are not available for trading by Retail clients. To find out more information about how this may affect you, please get in touch with our team. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1