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GBPJPY Buy trade activated Oct 25 2024Another simple trade using the knowledge of supply and demand, liquidity capture, london session and new york session. This was an intraday trade -> buy limit using mt4. Always pay attention to the manipulations and Session you are trading, orderflow will always respect the higher timeframe. First analysis of this trade was from Daily structure to 1h structure. Refinement : Using 15 min TF to find optimal entry. RR: 6:1 #smarttrading #supplydemand
Long
by glyrad
#XAUUSD 1DAYThe XAUUSD (Gold) 1-day chart is encountering **rising channel resistance**, signaling a potential reversal point as the price tests the upper boundary of a well-defined upward channel. This resistance area has consistently limited upward movements within the channel, making it a critical level where sellers may step in to cap further gains. With price reaching this channel resistance, there is an increased likelihood of a pullback or reversal to the lower channel boundary, favoring a **sell** setup from this level. Key points to consider: - The rising channel resistance aligns with a potential exhaustion in bullish momentum, supporting a bearish outlook. - Rejection at this level would signal sellers' strength and validate the setup. - Momentum indicators (like RSI or MACD) may indicate overbought conditions, adding confluence to the sell forecast. In summary, the near-term outlook for XAUUSD is bearish, with an expected downward move if the price respects the rising channel resistance level.
OANDA:XAUUSDShort
by PIPSFIGHTER
#USDCHF 1HThe USDCHF 1-hour chart is showing a rising channel support, suggesting a potential buying opportunity as price approaches the lower boundary of a well-established upward channel. This support area has previously acted as a launchpad for upward moves within the channel, indicating strong buying interest at these levels. As the price tests the channel support, the likelihood of a bounce or continuation to the upper boundary increases, supporting a buy setup from this area. Key points to consider: - The rising channel support aligns with the prevailing bullish trend, reinforcing the setup. - Price stability or bullish candlestick patterns at this level could confirm buyers' interest. - Momentum indicators (such as RSI or MACD) may indicate oversold conditions, adding confidence to the bullish forecast. Overall, the forecast for USDCHF in the near term is bullish, with potential gains as price respects the rising channel support.
Long
by PIPSFIGHTER
#EURJPY 1HThe EURJPY 1-hour chart is currently testing the **channel resistance**, indicating a potential selling opportunity as price reaches the upper boundary of a well-defined downward or sideways channel. This resistance area, formed by multiple touches, has held consistently, suggesting that sellers may step in to maintain the channel structure. With the pair facing channel resistance, the likelihood of a pullback or continuation to the lower channel boundary increases, favoring a sell setup from this level. Key points: - The channel resistance acts as a barrier, which could cap upward moves. - Price rejection at this level would signal sellers' strength and validate the setup. - Momentum indicators (such as RSI or MACD) could confirm overbought conditions, supporting the bearish outlook. In summary, the forecast on EURJPY in the near term is bearish, with a focus on lower levels as the price respects channel resistance.
Short
by PIPSFIGHTER
#XAUUSD 4HThe XAUUSD (Gold) 4-hour chart is displaying a classic Head and Shoulders pattern combined with a trendline breakdown, signaling a bearish setup. The Head and Shoulders pattern is a well-known reversal pattern that often indicates a potential shift from bullish to bearish momentum. This formation, along with a confirmed breakdown below the neckline and a key trendline, strengthens the bearish bias. Following the trendline breakdown, sellers appear to be in control, with the probability of a continued decline in price. This suggests an optimal **sell** opportunity with a focus on lower price targets. Key considerations: - The Head and Shoulders pattern confirms a likely trend reversal. - Trendline breakdown adds confluence to the bearish setup. - Further downward pressure may be anticipated, particularly if there is no successful retest of the broken trendline. Overall, the forecast leans towards a bearish outlook on XAUUSD in the short to medium term.
OANDA:XAUUSDShort
by PIPSFIGHTER
GBPJPY Potential Up Trend ContinuationGBPJPY is forming a bullish trend, marked by higher highs and higher lows on the 1H timeframe. Recently, it broke and closed above the 195.600 resistance zone, a level that had been tested multiple times. Following this breakout, the market could surge toward the upper boundary of the channel. Given the choppy market behaviour since the beginning of October, this breakout could potentially be significant. The target is the resistance zone around 196.900
Long
by RTED_Investing
EURUSD Bearish momentumEURUSD has bounced off the resistance level and has been in a bearish trend since the start of October, marking three consecutive bearish weeks. It's likely that the price will pull back toward the resistance zone before resuming its downward movement. If the price pulls back against the main trend, this could result in a classic correction, followed by trend continuation. The market may form a complex pullback toward the resistance area near 1.0900 and the downward trendline, after which we could see a sell-off as the bearish momentum continues. The target is the support level around 1.07920
Short
by RTED_Investing
USDJPY Analysis for 24/10/2024: A Slightly Bearish Bias AheadAs we analyze the USDJPY currency pair on October 24, 2024, current market conditions and fundamental factors suggest a slightly bearish bias. This article delves into the key drivers influencing this outlook, allowing traders to make informed decisions in this dynamic market environment. Current Market Conditions The USDJPY pair has shown a mixed performance recently, with fluctuations influenced by both U.S. economic data and developments in Japan. Traders are closely watching for signals that could dictate the pair’s movement, particularly as we approach critical economic indicators. Key Fundamental Drivers 1. U.S. Economic Data: Recent economic data from the U.S. has been a mixed bag. While there have been positive signs in job growth and consumer spending, inflation remains a concern. The Federal Reserve’s stance on interest rates continues to be cautious, signaling that any aggressive rate hikes may not be imminent. This dovish sentiment can weigh on the U.S. dollar, creating a bearish outlook for USDJPY. 2. Japanese Economic Performance: Japan's economy is showing signs of resilience, with recent data indicating stronger-than-expected growth. The Bank of Japan (BoJ) has maintained its accommodative monetary policy, but there are discussions about potential adjustments in response to rising inflation. Should the BoJ signal a shift towards tightening, this could support the Japanese yen and contribute to a bearish trend in USDJPY. 3. Geopolitical Factors: Ongoing geopolitical tensions and global economic uncertainty can lead to safe-haven buying of the yen. Any escalation in conflicts or adverse developments in trade relations may strengthen the yen further, enhancing its appeal against the U.S. dollar. 4. Market Sentiment and Technical Indicators: Sentiment in the forex market is essential. Currently, there is cautious optimism among traders regarding the yen due to the previously mentioned economic performance indicators. Additionally, technical analysis reveals that USDJPY is nearing resistance levels, suggesting a potential reversal. If the pair fails to breach these levels, it may retreat, reinforcing a bearish bias. Conclusion Considering the current fundamental factors and market conditions, the outlook for USDJPY remains slightly bearish for today. Traders should monitor upcoming U.S. economic data releases and any announcements from the Bank of Japan that could further impact this currency pair. Keywords: USDJPY analysis, bearish bias, forex market, U.S. economic data, Bank of Japan, Japanese yen, geopolitical tensions, market sentiment, technical analysis.
Short
by PERFECT_MFG
#AUDNZD 1DAYFor the AUD/NZD pair on the 1-day chart, the price is approaching a descending trendline that has acted as a strong resistance in the past. This trendline has been tested several times, rejecting price advances each time, indicating that sellers are defending this level. Given the price is nearing this resistance zone, and with no significant break above the trendline, a potential sell opportunity arises. A bearish price action pattern, such as a rejection candle or bearish engulfing, could confirm the sell signal. The forecast suggests targeting the next support levels, while keeping an eye on market fundamentals affecting AUD and NZD.
Short
by PIPSFIGHTER
2
#EURCHF 4HEUR/CHF 4-Hour Chart Analysis: The EUR/CHF 4-hour chart is showing strong price action near a key support level. This zone has been tested multiple times, and buyers have consistently defended it, suggesting that it could act as a solid foundation for a potential upward move. Forecast: -Buy near the support level, as the price is expected to bounce higher from this zone. - The support level is likely to hold, providing a good opportunity for buyers to enter the market before an upward reversal. - Look for further confirmation through bullish candlestick patterns or increased buying volume to validate the support and signal a continuation of the uptrend. Let me know if you'd like any adjustments!
Long
by PIPSFIGHTER
#NZDUSD 2HNZD/USD 2-Hour Chart Analysis: The NZD/USD 2-hour chart is forming a falling wedge pattern, a bullish reversal signal. The price has been moving downward within the wedge, but the narrowing range suggests that selling pressure is weakening, and a breakout to the upside is likely. Forecast: -Buy once the price breaks above the upper resistance line of the falling wedge, signaling a bullish reversal. - A breakout from this pattern often leads to a strong upward move as buying momentum builds. - Watch for confirming signals, such as increased volume or bullish candlestick patterns, to validate the breakout and strengthen the buy signal. Let me know if you’d like to tweak any details!
Long
by PIPSFIGHTER
1
#GBPAUD 1DAYGBP/AUD 1-Day Chart Analysis: The GBP/AUD 1-day chart is currently displaying a symmetrical triangle pattern, with the price still moving within the converging trendlines, indicating indecision in the market. This pattern typically suggests that a breakout could occur in either direction, but for now, the price remains within the range. Forecast: -Sell if the price breaks below the support line of the symmetrical triangle, confirming a bearish breakout. - A breakdown of the triangle pattern often leads to a significant downward move, as selling pressure increases after the support is breached. - Wait for confirmation of the breakdown through price action, such as candlestick patterns or increased selling volume, to avoid false signals. Feel free to adjust the details according to your strategy!
Short
by PIPSFIGHTER
#AUDUSD 1 DAYAUD/USD 1-Day Chart Analysis: The AUD/USD 1-day chart has experienced a trendline breakdown, signaling a shift from bullish to bearish momentum. After a sustained upward movement, the price has broken below the ascending trendline, indicating that sellers are gaining control and the trend is likely to reverse. Forecast: Sell once the price confirms the breakdown below the trendline, suggesting a continuation of the downward move. - This breakdown signals the potential for further selling pressure, as the price is expected to move lower after the trendline is breached. - Look for confirmation through bearish price action or increased selling volume to strengthen the sell signal. Let me know if you need any modifications!
Short
by PIPSFIGHTER
#GBPUSD 2HGBP/USD 2-Hour Chart Analysis: The GBP/USD 2-hour chart is showing a bullish engulfing pattern at a key support level, indicating a potential reversal and buying opportunity. The bullish engulfing candlestick suggests that buyers have taken control after a period of selling pressure, reinforcing the importance of the support zone. Forecast: - Buy after the confirmation of the bullish engulfing pattern at the support level, signaling a likely upward movement. - The support zone is expected to hold, and the engulfing pattern suggests the beginning of a new bullish trend. - Additional confirmation through volume increase or further bullish price action can strengthen the buy signal. Let me know if you'd like any changes!
Long
by PIPSFIGHTER
CADJPY Bullish Correction against the down trendCADJPY recently made a fake breakout of the previous support level, but quickly bounced back, taking liquidity below the previous week's low. On the daily timeframe, a long-tailed bar has formed, signaling that bulls are pushing the price higher. Additionally, on the 4H timeframe, another long-tailed bar confirms the buying pressure. A bullish divergence is present, indicating a potential trend continuation. If the market breaks and closes above the 108.500 resistance level, it could likely test the level above the equal high on the left, further confirming the bullish sentiment. The target is the resistance zone around 109.15
Long
by RTED_Investing
#AUDCHF 1DAYAUD/CHF 1-Day Chart Analysis: On the AUD/CHF 1-day chart a bullish engulfing pattern or a strong order block has formed, signaling potential buying pressure. The engulfing candlestick suggests that buyers have overpowered sellers, indicating a possible reversal in the market. Similarly, the order block represents a zone where institutional buying has taken place, reinforcing a bullish outlook. Forecast: Buy after the formation of the bullish engulfing candle or once the price re-enters the order block zone. These patterns typically suggest that the price is ready to move higher, and buyers may push the market upward. Look for further confirmation through price action or volume increase to strengthen the buy signal. Let me know if you'd like any modifications!
Long
by PIPSFIGHTER
#GBPCHF 4HGBP/CHF 4-Hour Chart Analysis: The GBP/CHF 4-hour chart is currently forming a symmetrical triangle pattern, with the price moving within a tightening range. This pattern indicates indecision in the market, with the potential for a breakout in either direction. Traders should be prepared for a strong move once the price breaks out of the triangle. Forecast: -Buy if the price breaks above the resistance of the triangle and successfully retests the breakout level, signaling a continuation of the upward move. Sell if the price breaks below the support and retests the breakdown level, confirming a potential downward trend. Wait for confirmation of the breakout or breakdown with volume and candlestick patterns to avoid false signals. Let me know if you'd like any adjustments!
by PIPSFIGHTER
#GBPAUD 1HGBP/AUD 1-Hour Chart Analysis: On the GBP/AUD 1-hour chart, the price is approaching the channel resistance within a well-defined upward channel. The price has tested this resistance several times, and each rejection indicates the likelihood of a reversal from this level. Forecast: -Sell when the price approaches or rejects the channel resistance line, signaling a potential downward move. - This resistance level is expected to hold, making it a strong point for a sell opportunity. - Look for confirming signals such as bearish candlestick patterns or declining volume to support the reversal and continuation towards the lower end of the channel. Let me know if you’d like to make any changes!
Short
by PIPSFIGHTER
#EURUSD 1HEUR/USD 1-Hour Chart Analysis: On the EUR/USD 1-hour chart, the price has reached a key support level, signaling a potential area for a bullish reversal. The market has shown resilience at this level multiple times, indicating strong buying interest from traders. Forecast: - **Buy** near the support level, as the price is expected to bounce back from this zone. - This support level is likely to hold, making it a good entry point for a potential upward movement. - Watch for bullish price action, such as candlestick patterns or increased buying volume, to confirm the reversal and the continuation of the uptrend. You can adjust it to match your strategy as needed!
Long
by PIPSFIGHTER
1