BuerdsellFX
EssentialGBP/JPY has been bullish since April, since then price has reached a significant key area at 199.000-200.000. Over the next few days/weeks i shall be watching this pair to see if price rejects this key zone or if its able to push through. This will determine my next move as to whether we go short or long.
Since April, NZD/CAD has been consolidating within a defined range between 0.83198 and 0.81597. Recently, price has broken below the 0.81597 support level, indicating a potential shift toward a bearish trend. I am currently monitoring price action for confirmation through bearish engulfing candles or other reversal patterns before considering a short...
GBP/JPY has reached a significant level of interest at the 196.260 area on the daily timeframe. From this point, price action could develop in one of two key scenarios: 1) Bullish Continuation: If price breaks above the 196.260 level, confirming continued bullish momentum, I would look for a potential long entry on a successful retest of this zone. 2) Bearish...
Now that USD/JPY has made a clear bullish move in price we can look for entries for long positions. At this point il wait for price to retest the zone its just broke out of - 445.000 and tp at the next resistance level - 145.693 & 146.000
In my previous analysis, I held a long bias on USD/JPY; however, recent geopolitical tensions and market-moving news have shifted the outlook. The pair has now broken below a key trendline, forming new lower lows, suggesting a potential change in structure. At this point, two possible scenarios could unfold: Scenario 1: USD/JPY may retest the breakout zone...
EUR/JPY has reached a key area of interest around the 166.600 level. How price reacts at this zone will guide my next trading decision. If price breaks above this level with strong bullish momentum, I will be looking for a confirmed retest of the 166.600 area before considering long positions. I will also be monitoring for additional confluences, such as the...
My initial bias was to short USD/JPY; however, the pair has since formed a double bottom pattern, indicating a potential bullish reversal. It has broken through a key resistance level at 144.300. I am now waiting for confirmation of a successful retest of this level before considering a long position.
A Head and Shoulders pattern has formed on the 4-hour timeframe, suggesting a potential bearish reversal. The key neckline zone lies between 142.400 and 142.000 . A confirmed break below this neckline, followed by a clean retest, would present a high-probability short opportunity. This pattern indicates a possible shift in momentum, with sellers beginning to...
The NZD/USD pair appears to be forming an ascending triangle, a pattern that typically indicates increasing bullish momentum and buyer strength. Should price break above the established resistance zone at 0.60300, I would wait for a confirmed retest of this area before considering a long position. Potential take-profit targets are set at the next key resistance...