15 minute Rising wedge The price has broken a rising wedge and now looks to go bearish
WE ONLY TRADE PULLBACKS
Forex market
GBPUSD - near to his very expensive region, what's next??#GBPUSD... market just trade in range just below is most expensive region and that is market swing region as well.
keep close that region and only only buy above that region.
means don't holds your shorts above that region.
upside we have long leg if market clear that region.
good luck
trade wisely
EURUSD ready to continue higher!!!The reason for the short SL is because I've seen all I want from DXY but EUR didn't take out a key liquidity, below 1.0750. I'm not sure it will come here now, at least till we hit TP but if it sure does, enter once again. The trend is bullish, dont miss out.
Ya gaziere unu
Same applies for GBPUSD AND AUDUSD with AUD outperforming both but I dont like the pair.
You can trade it cos it will be more explosive.
I'm adding more USDCAD short here!!I've not been happy with UCAD price movement. It is fast. Hit me out fast or go for TP, but either one, be fast about it. This guy has been going down albeit slowly. I'm adding more positions here as I know it will fall.
Dont mind those telling you to buy, it is not buying. You're still early to the move.
Ya gaziere unu
EUR USD - Bias: Bearish - limit orderBias: Bearish
Market Structure and Reasoning:
The EUR/USD has been in an overall downtrend in recent days, forming successive lower highs and lower lows across multiple timeframes. The 4-hour chart shows a clear bearish momentum with price recently breaking below key support levels. On the 1-hour timeframe, we can observe a series of bearish candles with minimal retracement, indicating strong selling pressure. The 15-minute chart confirms this bearish structure with price trading below previous support zones.
Trading Setup:
The price is currently hovering around the 1.0788 level, which appears to be a weak support that has been tested multiple times. The overall structure suggests potential for continued downside movement.
Entry: 1.0795 (Limit Order)
Look to enter on a retracement to the 1.0795 level, which was previous support and may act as resistance on a retest.
Stop Loss: 1.0830
Place stop loss above the recent swing high, limiting risk to 35 pips.
Take Profit (TP1): 1.0760
First target at the recent low, providing a favorable risk-reward ratio.
Extended Take Profit (TP2): 1.0730
Second target at the psychological level which should provide stronger support.
Order Type: Limit Order
Wait for price to retrace to the entry level rather than chasing the current move.
Alternative Scenario:
If price breaks above 1.0830 with conviction, the bearish bias would be invalidated. In that case, wait for a potential shift in market structure before considering new positions.
Forex Traders Focus on Trump’s Tariff NewsForex Traders Focus on Trump’s Tariff News
As April 2 approaches—the date when Trump's international trade tariffs are set to take effect—traders are increasingly concentrating on this highly uncertain issue.
Yesterday, the U.S. president stated that:
→ Tariffs on cars would be introduced "soon" (but not all possible tariffs would be imposed);
→ Some countries might receive exemptions;
→ Nations purchasing oil from Venezuela could face 25% tariffs.
Following these remarks:
→ Oil prices rose;
→ U.S. stocks gained as Wall Street (according to Reuters) interpreted the comments as a sign of flexibility in trade negotiations.
Given this backdrop, the EUR/CAD chart is particularly interesting, as both Europe and Canada frequently feature in news related to the White House's trade policies.
EUR/CAD Exchange Rate Today
As seen on the EUR/CAD chart, the pair has slightly declined at the start of the week, dipping towards 1.54450. However, market volatility remains high:
→ The pair has gained approximately 2.85% since early March;
→ The decline from March’s peak is around 2.6%.
Technical Analysis of EUR/CAD
The pair’s volatile price swings have formed a trend channel (marked in blue).
Notably, the 1.57750 level has shifted from support to resistance, signalling bearish dominance. This is further reflected in the price movement within the red channel. If bears maintain control, EUR/CAD may drop towards a support zone, which includes:
→ The median of the blue channel;
→ The 1.54000 support level, drawn from early March’s local low.
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.
cadjpy break major supply zone and retest looking for uptrend cadjpy break major supply zone and retest looking for uptrend to 108.347 potential target
EurUsd Bullish Order blockGood day once again traders
EurUsd is looking very clear and clean if you ask me, now here what we see is that price is now trading inside a bullish order block after price broke the overall structure bearish but from experience I believe we all know that price does not deliver price one side so meaning price has to go fill imbalances left behind in the leg that broke structure lower, and boom there is a FVG(SIBI) marked with the two horizontal lines with the '4h' on top. Now the narrative for this set up is that price has to go fill that SIBI and since we have beautiful equal highs just above that SIBI mentioned price should also take them out because as ICT says there is liquidity resting above those highs at 1.09173 than maybe we can start thinking of looking lower.
On the lower timeframes we first want price to trade above today's high of the day to confirm our trade bias
Short - EUR/JPYCurrently price has entered the medium risk zone. Price has shown signs of rejections in the smaller timeframe. This should be additional confluence for me to participate in the market as there is a potential CHOCH in the smaller timeframe.
In this trade I am only participating base on market structure and fibonacci retracement
USDJPY Buy Setup – Breakout Confirmation & Seasonal TailwindTechnical: USDJPY has broken above a downtrend resistance line after finding support at the 61.8% Fibonacci retracement level at 146.95 . This breakout suggests the corrective phase may have ended, signaling potential for further upside. Pullbacks toward 149.70 (a retest of the broken trendline) present an attractive entry opportunity. Upside targets are 152.74 and 157.10 in the short to medium term. The setup is invalidated below 147.97 , with a break below 146.33 negating further bullish expectations.
Fundamental: Commercial selling of the Japanese Yen and renewed dollar purchases indicate a shift favoring USD over JPY, supporting the bullish technical outlook.
Seasonal: Over the past 25 years , USDJPY has risen 76% of the time between March 25 – April 8 , with an average gain of 1.04% .
Trade Idea:
Entry: On pullbacks toward 149.70
Stop Loss: 147.97 (or 146.33 for extended risk management)
Targets: 152.74 and 157.10
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
BUY!!! AUDJPY AS SOON AS THE PRICE RETRACTS TO 94,000HELLO TRADERS, I AM VERY INTERESTED IN BUYING THIS AUDJPY PAIR AS SOON AS IT REACHES THE ZONE OF INTEREST AROUND THE PRICE OF 94,000. EVERYTHING INDICATES THAT THE PRICE WILL RISE.
TECHNICAL ANALYSIS
CONFLUENCES AT THE MOMENT
1.- rejection of the last daily structure point
2.- rejection of daily interest zone
3.- rejection of psychological number 94,000
4.- daily rejection candle
why do I like it?
The daily and 4-hour timeframes are bullish, meaning they are in harmony. The most logical thing to do is to buy as soon as the price pulls back to the zone of interest and ride the trend!
Why would I sell if the price is rising?
The price has been rejected at the last structure point (look at the daily candlesticks of March 12, 2025, and March 13, 2025).
The price has been rejected at a daily zone of interest that has been respected repeatedly in the past, which shows us that it is a well-respected support.
The price has tested the psychological number 94,000, which could attract new buyers upon retesting it.
Now that we have the daily and 4-hour timeframes, as I mentioned before, the most logical thing to do is to look for long positions. I'll wait for my target zone to be tested again to open a long position if my entry pattern holds within 30 minutes.
If you like my idea, don't forget to like and follow me. I'll respond to your suggestions and comments! FxAlexisTrader.
POTENTIAL SHORT TRADE SET UP FOR NZDUSDAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
Entry: The price has reached the upper boundary of a higher time frame (HTF) expanding structure, approaching this zone with an ascending channel on the mid time frame (MTF). On the lower time frame (LTF), a bearish impulse has developed, and we will be watching for a continuation pattern to pinpoint a potential entry point for the trade.
Expectation: A downward move is anticipated, targeting the lower boundary of the HTF expanding structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
GBPJPY Q2 FY25 FORECASTim expecting a big dip then reversal at any of the marked price levels
fundamentally if i were to gauge which one id look at the following factors
GBP
M1 Money Supply: As of November 2024, the UK's M1 money supply stood at £2,221,455 million.
M2 Money Supply: In the same period, the M2 money supply was £3,067,494 million, marking an increase from £3,062,782 million in October 2024.
The modest month-over-month growth in M2 suggests a cautious approach by the Bank of England (BoE) towards monetary expansion. This restraint may indicate efforts to control inflation and maintain currency stability. However, the overall high levels of money supply reflect the substantial monetary interventions undertaken in previous years.
JPY
M1 Money Supply: In December 2024, Japan's M1 money supply reached ¥1,096,496.5 billion, up from ¥1,091,290 billion in November 2024.
M2 Money Supply: During the same period, the M2 money supply increased to ¥1,257,683.8 billion from ¥1,254,910.3 billion.
The incremental increases in both M1 and M2 indicate a steady, albeit slow, expansion of Japan's money supply. This aligns with the Bank of Japan's (BoJ) longstanding accommodative monetary policy aimed at combating deflation and stimulating economic growth.
So..
The UK's relatively stable M2 growth suggests a balanced approach, potentially leading to moderate inflation and a stable GBP. In contrast, Japan's slow money supply growth reflects its ongoing struggle with low inflation and economic stagnation, which may continue to exert downward pressure on the JPY.
Outlook
If current trends persist:
The BoE's measured monetary expansion may support the pound's stability. However, vigilance is required to manage inflationary pressures that could arise from external factors or supply chain disruptions.
The BoJ's continued accommodative stance suggests that the yen may remain weak, especially if inflation remains subdued and economic growth lags.
In short, the UK's cautious monetary policy may bolster the GBP's position, while Japan's persistent low growth and inflation challenges could keep the JPY under pressure. Monitoring these monetary indicators will be crucial for anticipating future currency movements.
now since im all for the dxy crashing i decided to factor that in
these are my takeaways
If DXY collapses slowly, GBP and JPY both rise, but GBP/JPY stays relatively stable as usual
If DXY collapses sharply due to a crisis, JPY outperforms massively, and GBP/JPY drops sharply
If the BoE cuts rates aggressively, GBP weakens, while JPY gets even stronger
If the BoJ tightens monetary policy while DXY crashes, JPY surges, and GBP/JPY could plummet below 180.
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GBPJPY Will Drop Looking from a sentimental trader's perspective you'd realize that the GBP will flop against the jpy... I'm hopping in for a beautiful sell position around 194600 to 194813....
A simple price action trading .... Let's ride together....
AUDJPY in Bullish TREND"After a prominent bullish divergence, the price action has not broken its last lower low. Instead, it has either broken the last lower high or already formed a higher high (HH), indicating potential readiness for the next HH."
EURUSD - 2 ScenariosHello Traders !
On Tuesday 11 March, Th EURUSD reached the resistance level (1.09374 - 1.09058).
So, We have 2 Scenarios:
BULLISH SCENARIO:
If the market breaks above the resistance level and closes above that,
We will see a bullish move📈
TARGET: 1.11580🎯
BEARISH SCENARIO:
If the price breaks and closes below the neckline,
We will see a huge bearish move📉
TARGET: 1.06350🎯
