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GBPCHF is all set to continue its downward movement!The price is moving down within a descending channel. Right now, it bounced off the upper limit of the channel and hit a key weekly resistance. A candlestick pattern with a long upper wick and a small body has formed. Plus, the price has formed a triple top with lower highs. A short trade looks good based on price action and backed by volume analysis, which clearly shows a clear exhaustion of buyers. GBPCHF is moving towards the major volume activity price range around 1.12. On top of that, volume analysis backs this up, indicating that buyers are getting stronger and ready to push the price down. Time Frame: daily Idea support: - Price action - Volume Analysis - Trend analysis
Short
by luisca826
1
AUDUSD - Simplified20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Dear Friends: (Away from charts) It will be prudent to give your mind, body and soul a good rest, to recharge for the new upcoming exciting year! How I see it: Pair remains severely bearish. Any TP can serve as a strong enough support for a reversal Firstly, a series of quality HL's is required A 1D break, and body close above confluence could be a good bull signal Keynote! The RBA will have to intervene in some shape or form against the new $ strength. I deeply appreciate you taking the time to study my analysis and point of view.
Short
by ANROC
Buy GBP/NZD Channel BreakoutThe GBP/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2.2053 2nd Support – 2.2132 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
10
EURUSD H1 17/12/2024 - SELL below 1.0505 1.0480EURUSD H1 17/12/2024 - Bearish pressure by macroeconomic fundamentals and a dovish ECB outlook Technical Analysis Summary D1 (Daily Chart) Trend: Bearish with price trading well below the 200-SMA and stuck below the 20-EMA at 1.0540. Indicators: RSI: At 40.64, indicating bearish momentum and approaching oversold conditions. Stochastic: Bearish crossover below 40, showing potential for further downside. MACD: Negative histogram and signal line, confirming a bearish outlook. Key Levels: Resistance: 1.0530 (20-EMA), 1.0560 (near-term swing high). Support: 1.0480, 1.0460, and a broader target of 1.0435. H4 (4-Hour Chart) Trend: Consolidation in a bearish channel, with price unable to break above the 50-SMA. Indicators: RSI: At 42.81, reflecting bearish momentum. Stochastic: Bearish crossover heading down towards oversold levels. MACD: Bearish histogram, confirming bearish continuation. Key Levels: Resistance: 1.0515, 1.0535 (50-SMA). Support: 1.0485, 1.0460. H1 (Hourly Chart) Trend: Bearish, with price below the Ichimoku cloud, 50-SMA, and 200-SMA. Bearish momentum is strong after a recent failed attempt to recover. Indicators: RSI: At 38.13, signaling bearish momentum below 40. Stochastic: Near 10, indicating oversold conditions and suggesting a potential short-term pullback. MACD: Bearish histogram with a downward signal line. ATR: At 10 pips, reflecting moderate volatility. Key Levels: Resistance: 1.0505 (minor), 1.0530 (20-EMA). Support: 1.0485, 1.0460, 1.0435. M30 (30-Minute Chart) Trend: Downtrend with price consolidating near support at 1.0485. Indicators: RSI: At 34.85, approaching oversold conditions. Stochastic: At 12, suggesting a minor pullback may occur before further declines. MACD: Negative momentum remains intact. Correlated Financial Instruments US Dollar Index (DXY): DXY remains firm above 106, supporting a bearish EUR/USD outlook. USD strength continues as inflation data backs expectations of steady Fed policy. Gold (XAU/USD): Gold remains under pressure, further confirming USD strength. Trade Plan for EUR/USD H1 Trade Setup 1: Bearish Continuation on Retracement Rationale: Given the clear bearish momentum and inability to break key resistance levels, a retracement toward resistance offers a short-selling opportunity. Trade Details: Entry Price: 1.0505–1.0510 (near minor resistance). Stop-Loss: 1.0535 (above the 20-EMA on H1). Take-Profit Levels: TP1: 1.0485. TP2: 1.0460. Risk/Reward Ratio: ~1:2. Trade Setup 2: Breakout Short Below 1.0485 Rationale: A clean break below 1.0485 support will confirm a bearish continuation towards the next key levels. Trade Details: Entry Price: 1.0480 (on breakout). Stop-Loss: 1.0505 (above breakout resistance). Take-Profit Levels: TP1: 1.0460. TP2: 1.0435. Risk/Reward Ratio: ~1:2. Trade Setup 3: Intraday Scalping Short (M30–H1 Levels) Rationale: If a short-term pullback occurs, use M30 chart resistance as an entry. Trade Details: Entry Price: 1.0500 (psychological level). Stop-Loss: 1.0515. Take-Profit Levels: TP1: 1.0485. TP2: 1.0475. Risk/Reward Ratio: ~1:1.5.
Short
by napoleon182
9
GBPCAD H4 LongThe GBP/CAD 4-hour chart shows a bullish continuation as price breaks above the key resistance at 1.81102 and clears the Ichimoku cloud (Kumo), signaling strong upward momentum. The green Kumo ahead indicates bullish sentiment, while the Tenkan-sen (red) remains above the Kijun-sen (blue), confirming a trend alignment. This breakout is supported by price closing above both the Tenkan-sen and Kijun-sen, with a clear upward trajectory. The bullish target lies near 1.82812 (previous swing high), while the stop-loss is set below the Kijun-sen at approximately 1.80514, maintaining a favorable risk-to-reward ratio.
Long
by ALRDNMRSKY
USDJPY Will Move Higher! Long! Please, check our technical outlook for USDJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 153.785. Taking into consideration the structure & trend analysis, I believe that the market will reach 154.383 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
3
AUDUSD Is Bullish! Buy! Here is our detailed technical review for AUDUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.633. Considering the today's price action, probabilities will be high to see a movement to 0.637. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
usdjpy shortusdjpy short 💎Please don't be greedy ENTRY : yellow point TP : blue lines SL : below red line for LONG position above red line for SHORT position ⛔️INSTRUCTIONS 1: Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss ⛔️INSTRUCTIONS 2: For risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20
Short
by RODDYTRADING