AUD/USD: Potential Fakeout Warning
On the 1-hour timeframe, we’ve broken out of the blue resistance trendline, but caution is advised. The price may face rejection at the red resistance zone, where sellers remain active.
Waiting for confirmation before opening a short position from this zone is a safer approach. Watch this level closely for clearer signals. 🎯
Dollars
AUD/JPY Analysis (1-Hour Timeframe)We are currently observing the formation of a Cup and Handle pattern, which is still in progress. The key levels to monitor:
Handle Resistance: First, we need a breakout of the handle pattern to confirm the bullish setup.
Pink Resistance Zone: If the price breaks out of this key level, it will confirm the full Cup and Handle pattern, signaling a strong bullish move.
Target Projection:
Based on the Cup and Handle formation, the Green Zone represents the projected target for this setup.
This is a pattern to watch closely for confirmation and breakout strength. Patience is key to avoid premature entries.
USD/JPY Analysis (30-Minute Timeframe)We are currently breaking out of a black trendline, which could signal bullish momentum. My target focuses on the market open, as I anticipate a bullish move, but I will wait for confirmation after the open.
Key levels to watch:
First Pink Zone (Target 1): If the price reaches this level, it will form a new higher high, confirming the bullish trend.
Second Pink Zone (Target 2): If the momentum continues beyond the first pink zone, this will be the next target, indicating sustained bullish strength.
This is a critical setup to monitor, with confirmation needed to ensure the breakout holds.
GBP/USD Analysis 1H TimeframeWe are observing a breakout below the purple support level, indicating potential bearish momentum. However, my idea focuses on the next key support level in the green zone, which holds significant importance.
This support level has been untested for a long time and has historically shown high trading volume.
I anticipate that when the price retraces to this green support level, buyers could step in, pushing the price higher.
EUR/USD 15-Minute Analysis: Breakout Opportunityn the 15-minute time frame, EUR/USD is approaching a purple resistance zone. Here's my idea:
Entry Plan: If the price breaks out above the purple resistance with confirmation, it could provide a long entry opportunity.
First Target: The next resistance level in the pink zone.
Key Caution: Be mindful of the black line, where the Point of Control (POC) is located. This could act as a key level of reaction.
Monitor price action carefully as we approach these levels to confirm the breakout and validate the move.
Let me know your thoughts! 👍
GBP/USD 1H AnalysisThe price has broken above a key resistance zone, which is now acting as support. This breakout signals potential bullish momentum.
✅ What I’m watching for:
If the price pulls back to the new support zone, it could present a good opportunity to enter a long position, but only with confirmation of buyers stepping in.
🚨 Plan:
Wait for clear signals, like bullish candlesticks or increased buying volume, to confirm the support holds before entering.
👉 Follow me for more trade ideas and updates!
AUD/USD Analysis on the 1-Hour ChartIn this analysis of AUD/USD, we are currently observing a clear downtrend, with sellers dominating the market. A key resistance zone, marked in pink, has been identified based on previous price action where sellers entered the market to push prices lower.
At the moment, the price is still far from this resistance zone. However, our strategy is to prepare for a potential scenario where the price retraces back to this area. If the price reaches the pink zone, there is a strong likelihood that sellers could return, resuming the downtrend.
Trading Plan:
Long Positions: For traders holding long positions, this resistance zone is an excellent area to consider reducing positions to secure profits, as a rejection from this level could lead to a decline.
Short Positions: If the price shows signs of rejection or bearish confirmation (e.g., a bearish candlestick pattern, divergence, or weakening momentum) upon reaching the pink zone, it could provide an opportunity to enter a short position in alignment with the prevailing downtrend.
Risk Management: Use a stop loss just above the pink resistance zone to manage risk in case of a breakout.
This approach combines disciplined risk management with technical analysis, ensuring that we capitalize on potential market movements while minimizing exposure to unexpected reversals.
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Analyzing the AUD/USD pair on the 1-hour timeframethe AUD/USD pair on the 1-hour timeframe, the pair is currently in a downtrend but has not yet reached the green support zone. If the price returns to this zone, it could attract buyers, potentially pushing the price upward. This scenario may present a long opportunity, provided there's a confirmation signal before entry.
Key Points:
Current Trend: Downward movement towards support.
Support Zone: Identified in green on the chart.
Potential Action: Look for bullish confirmation signals upon price reaching the support zone before considering a long position.
Always ensure proper risk management and wait for clear confirmation before entering a trade.
Analyzing the EUR/USD on the 30-minute timeframethe EUR/USD on the 30-minute timeframe, the pair is currently in a downtrend but has not yet reached the green support zone. If the price returns to this zone, it could attract buyers, potentially pushing the price upward. This scenario may present a long opportunity, provided there's a confirmation signal before entry.
Key Points:
Current Trend: Downward movement towards support.
Support Zone: Identified in green on the chart.
Potential Action: Look for bullish confirmation signals upon price reaching the support zone before considering a long position.
Always ensure proper risk management and wait for clear confirmation before entering a trade.
Gold – Monthly Cup and Handle with Triangle BreakoutOn the monthly timeframe, gold has already broken out of a cup and handle pattern as well as a triangle, and it's currently in a rally. If we measure from the bottom of the cup to the resistance, the target is in the pink zone.
Strategy: As gold continues to rally and approaches the pink zone, it could be a good time to take profits or reduce long positions to secure gains.
USD/JPY Price Analysis (1H)The price of USD/JPY is currently approaching a support level and could be setting up for a pullback. If it bounces off this support, we could see a potential upward move. However, if the support is broken, the next target could be the next support level
Key scenarios to watch:
If the price bounces back from the support, it may signal a reversal.
If the price breaks out below the support, it could move toward the next support level.
Let’s monitor closely and see how it develops!
EUR/USD Bullish Setup: Anticipating a Bounce from Key SupportHello traders! Today, I’m analyzing the EUR/USD pair on the 1-hour time frame.
We’ve seen some strong movement recently, but right now, the price is approaching a critical support level. This level has held strong in the past, and based on my analysis, I believe we could see a bullish bounce from this zone.
Here’s what I’m looking at:
Support Level: The price is nearing support level, a key area where it has previously bounced. If the price retests this level and holds, it could signal a continuation of the bullish trend.
Price Action Patterns: I’ll be watching closely for bullish reversal candlestick patterns, like a hammer or bullish engulfing pattern, to confirm the strength of the support. This would suggest buyers are stepping in, and the price could start to rise.
Momentum Check: I’ll keep an eye on the overall market momentum by observing the price movement around the support zone. A slowing down of the sell-off or a shift in momentum could further support the idea of a bounce.
Risk Management Strategy: To manage my risk, I’ll set a stop loss slightly below the support level to safeguard against any potential breakdown. For profit targets, I’m eyeing as the first goal, with room for more gains if the bullish momentum continues.
DXY 4H ( institutional price action )hello dear trader and investors
there are 2 senario for dollar currency index:
senario 1:
We have a price gap.... from 2023
The indicator can fill it with its shadow around the area of 106.65
after testing the 106.65 price can drop ...
senario 2:
Let's wait for the 107 zone to see how the institutions want to play with liquidity...
I expect a HH and a lower low, after removing the stop on both sides (buy and sell ), I expect the dollar to fall...
stop loss need for any position
good luck
DXY The Fake Dance- One of the most important barometers for global currencies and markets in the world.
- Most of the time DXY is a well used machine to supress markets (forex, stocks, cryptos, etc..)
- When they don't start the printing machine, DXY keeps is strength.
- When they start to print DXY starts to dip and markets boom up.
- it's really basic and based on "BRRR Machine".
- i had a hard time to decrypt this fake peace of resilience.
- actually there's none visible divergences on the 1M or 3M Timeframes.
- So i decided to push my analysis to 6M Timeframe and noticed few things :
- You can notice that from 2008 ( Post crises ), DXY was in a perma bullish trend.
- So now check MACD and will notice this fake move on January 2021 ( in graph the red ? )
- MACD was about to cross down, columns smaller and smaller, then a Pump from nowhere lol.
- i rarely saw that in my trading life on a 6M Timeframe.
- So to understand more this trend, i used ADX (Average Directional Index)
- ADX is used to determine when the price is trending strongly.
- In many cases, it is the ultimate trend indicator.
- So if you look well ADX columns, you will notice that a strong divergence is on the way.
- First check the Yellow Doted Line in July 2022 when DXY reached 115ish and look the size of the green columns.
- Now check today (red doted Line), and look again the ADX green columns is higher, but DXY diped to 105ish.
- So like always, i can be wrong, but i bet on a fast DXY dip soon or later.
- it's possible to fake pumps, but it's harder to fake traders.
Happy Tr4Ding !
Silver is Setting Up to Drop Down to as Low as 21 Cents.Silver, after confirming Partial-Rise, has also formed 3 Falling Peaks and looks to be preparing to drop back below the bottom end of the range at 18 dollars. When it does this, it will enter a Butterfly BAMM Wave Structure that ends at the 1.272-1.618 Fibonacci Extensions. As a result of this new price action, I am lowering my price target to $6.61-$0.21 from my original $13 target.