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Forexanalysis

#USDCAD another sell opportunityPrice has formed a V-TOP chart pattern formation as you can see in 4H timeframe and also managed to close below 4H low which means that our structure now turned to bearish again. due to V-TOP formation price formed a bearish engulfing candle in Daily timeframe which is a strong signal for bearish move and also as we can see we are in overall in bearish move so we can interpret this daily candle as an continuation signal for higher wave cycle. Now that we have bearish bias we should be looking for areas which potentially price can tap into in lower timeframe like 1H or lower, take out some liquidity and turn to the downside again.
Short
by mohemati
2
USDCAD: BEARISH Market Analysis! Watching for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDCAD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: The structure slightly changed since the last forecast, but still looks like bearish. In HTF the market is moving inside a great descending channel, reached the top and sharply reversed , potentially continuing the first bearish impulsive move. In lower timeframe, a corrective structure, double top and and reversal impulse inside, could be clues enough to confirm the next movement. When, where and why would we step into the market? Considering the overall momentum still bearish, we will be looking only for sell positions, if the market will be able to breakout the corrective structure and “breath’, confirming our entry. However, the market could false breakout and retrace back inside, in that situation no action will be taken. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
32
GoldViewFX - 4H chart Market UPDATEHey Everyone, Please see update on our 4H chart setup from Sunday. This has played out to perfection with our final target at 1797 being HIT. This target was open from the EMA5 cross and lock above 1755 confirming the target and the failed EMA5 cross at 1739 forming a double bottom also confirming the push up. We are now seeing price above 1797 and a candle close above 1800. However, we will need to see EMA5 cross and lock above 1797 to open the upper structure 1815 and then 1836. We have NFP tomorrow so can expect swings and need to take this into consideration before committing to any positions. When we see a breakout like this into a new range after a while, we usually wait for a new blueprint of the range confirmed with a few retests on support and resistance to confirm a range, otherwise price can leave the range, as fast as it came into it. Our plans to buy dips from support levels is still in play. We will look to track and trade the movement level to level using EMA5 cross and lock level to level. BULLISH TARGETS 1755 - DONE 1778 - DONE 1797 - DONE As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16
💵U.S.Dollar/Japanese Yen 💵Analyze (10/09/2022)!!!U.S.Dollar/Japanese Yen is running in microwave 5 of main wave 3 while main wave 3 is an extended wave. I expect the main wave 3 will be complete at my PRZ(Price Reversal Zone), and then U.S.Dollar/Japanese Yen will go down until the target that I specified. 🔅U.S.Dollar/Japanese Yen Analyze ( USDJPY ) Timeframe 2D⏰ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
#JPYbasket bullish move confirmationsyesterday red candle was not only a retest to a broken bearish channel upper line, but also head and shoulder neckline. in addition to these two confluence we should be aware that JPY index suffers a lot through past month during rate hike cycle of central banks and fall massively like never before. But now that we have some confluences that we are close to end of rate hike cycle JPY has found some room to appreciate against other currencies and as a result in technical aspect we can see it had formed and broke bullish chart pattern and its no longer trading in bearish channel. with the look at the text book chart pattern target we can see that price can come all the way up to the oldest bearish channel midline and from there we should be looking for other confirmation and change in macro-economy.
FX:JPYBASKETLong
by mohemati
CADJPY: BULLISH Market Analysis! Watching for REVERSALHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: The market approached on the previous swing low, double bottoming, correcting and losing momentum inside a falling wedge, usually a reversal pattern, especially during market conditions like this. In lower time frame as well, we can see few confluences confirming our bias, patterns within patterns and a sharp impulse of almost 200 pip breaking the structures to the upside. When, where and why would we step into the market? Considering the high probability to see a reversal scenario, counting the weakness of the market and bullish confluences, we will be looking for a potential long position if the market will confirm the next movement developing a correction for its previous bullish impulse. However, as always, we don’t exclude the possibility to see the price going deeper and lower, in that case, we won’t take any position until a clear price action in favor with our bias. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Long
by Cybernetics_tl
15
FOREX 101 - 4 TYPES OF LOT SIZES.What is a lot? A ‘lot’ is a measure of a transaction amount. It’s the minimum number of units of the base currency that you can buy or sell. This gives traders more control over the exposure per trade. There are four main types of Lot Sizes. Lot size #1: Standard lot = 100,000 units of base currency Risk per pip =$10 per pip Lot size #2: Mini-lot = 10,000 units of base currency Risk per pip = $1 per pip Lot size #3: Micro-lot = 1,000 units of base currency Risk per pip = $0.10 per pip Lot size #4: Nano-lot = 100 units of base currency Risk per pip = $0.01 per pip Did you find this helpful? Let me know in the comments so I can do more Forex 101 tips. Ask any trading questions too :) Trade well, live free. Timon MATI Trader
Education
by Timonrosso
2
#AUDCAD potential long term selling opportunitytake a look at where price currently is sitting on and the long term resistive cluster around price... price at the moment is testing a bearish weekly channel resistance line and also at weekly high which means if the downtrend in weekly scale wants to resume price cannot close above this high. although that price can whipsaw above it but it can't close above it. for taking a position depends on the kind of a trader you are say risk averse or risk seeking you may enter now or wait for a more and clear confirmation in lower timeframe. and perhaps waiting to see a shift in market structure or chart pattern formations. Also we can see a bearish divergence between price and RSI indicator in Daily time frame.
Short
by mohemati