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Currencytrading

CADJPY all the way upWhat's up guys! I'm looking for major buy setups on the retest as price break through the daily resistance zone I would have entered on the break but I like using a more conservative approach when it comes to currency pairs Based on the market structure , price can still make higher highs after the break of the 4H trendline and the last swing high showing the bulls back after a corrective phase I still zoomed into lower timeframe to look for more setups to capitalize on this trade I will not enter this if it doesn't fit into my trading style What do you guys feel ?
Long
by newschooltrader
2
USDJPYWhat's up guys! This is a really great setup from my own perspective Price has been bullish until it approaches a major resistance zone and the momentum is killed on the larger timeframe An upward trend line around a major resistance zone and refuses to make higher highs, it also breaks it but as a conservative trader I want to see More bears take control before my entry , I'm looking for an entry on the break of the H1 minor support zone indicated in green There's already a cross of the Moving averages too , what do you guys think ?
Long
by newschooltrader
CADCHFWhat's up guys! I'm looking for buy setups as price is in a downward trend and approaches the lower trendline of the major daily channel indicated in Yellow If you look on the larger timeframe you notice that price in overall bullish in the channel indicated by the upper and lower yellow line Everything intersects and I fancy this classic setup , I'm waiting for the break of the green trend line to show the bulls taking control and see price head to the upper Side of the channel, A cross of the EMAs will also be a good confluence , what do you guys feel ?
Long
by newschooltrader
EURUSD | Forecast the downward movement (Mid-term View)EURUSD last week made 2 consecutive N-wave with cycle around 42. This gives us clue that the next cycle for downward movement will be around 15 August 2022. Yup, I am still thinking bearish for this EURUSD with target downward movement around 0.09275. Meanwhile, now Market movement is sideways now. The momentum of selling is weaker. So, price will go up for a while (bearish correction). I have 2 level resistance that can be monitored to look for sell chance. The first is 1.16. Price can rebound from it then going down to try to breakout the last support or continue the sideways movement again. And the second one is f course 1.16530. It is strong resistance now that showing sellers dominance last week. If price can reach here, it is a good opportunity to think to sell in around this leve. Anyway, with this kind of market, patience and detail entry is very important. If you do not know to trade this kind of market, my suggestion is stay away from EURUSD for a while until a breakout from this consolidation area happen. Good luck
Short
by Jee_D
EUR/USD Might be heading to 1.1200 - Slumpy rideThe Euro has been on a bearish Range, which gives an idea of how investors has been skeptical in their decision on euro. But the last week Thursday Spike from the 1.1590 overly tested support level, which was then furthered by a very slumpy correction of over 170point on Friday that later got pushed back at 1.1535, reveals that the sellers are very active in the market and will be willing to push the market towards the downward axis of the market as long as their selling power could take them. The overall outlook on EUR/USD is BEARISH and this would be confirmed by a break below the 1.1530 Support zone which ultimately open a window for the sellers to drive the price lower, probably to 1.1200, and if possible further below. WatchOut!
Short
by Adefxc