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#USDCAD 4HUSDCAD 4-Hour Analysis The USDCAD pair is forming a wedge pattern on the 4-hour chart, with price action showing signs of bearish pressure near the resistance area. Additionally, a sell engulfing candlestick has appeared, reinforcing the likelihood of a downside move. This confluence of bearish signals provides a potential sell opportunity. Technical Outlook: Pattern: Wedge and Sell Engulfing Area Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position upon confirmation of continued bearish momentum, such as a break below the wedge's lower boundary. Traders should watch for additional confirmation through bearish indicators like RSI showing overbought conditions or MACD signaling a bearish crossover. Implement proper risk management by placing stop-loss orders above the sell engulfing area and targeting key support zones below the wedge.
Short
by PIPSFIGHTER
#USDCHF 4HUSDCHF 4-Hour Analysis The USDCHF pair has broken above a significant trendline on the 4-hour chart, signaling a shift in momentum to the upside. Additionally, a buy engulfing candlestick in the breakout area reinforces the bullish outlook, presenting a potential buy opportunity. Technical Outlook: Pattern: Trendline Breakout and Buy Engulfing Area Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position above the breakout level, confirming with bullish price action signals. Traders should monitor for continued bullish momentum with supportive indicators like RSI or MACD trending upward. Proper risk management is essential, with stop-loss orders placed below the breakout level and profit targets set at higher resistance zones.
Long
by PIPSFIGHTER
#GBPCAD 1DAYGBPCAD Daily Analysis The GBPCAD pair has broken below a key trendline on the daily chart, signaling potential bearish momentum. After the breakdown, the price is now retesting the trendline from below, which could act as resistance. This setup presents a potential sell opportunity if the price faces rejection at the retest level. Technical Outlook: Pattern: Trendline Breakdown and Retest Forecast:** Bearish (Sell Opportunity) Entry Strategy:** Enter a sell position if the price confirms rejection at the retested trendline with bearish price action signals. Traders should look for confirmation such as bearish candlestick patterns (e.g., shooting star or bearish engulfing) or indicators like RSI indicating bearish divergence. Proper risk management is crucial, with stop-loss orders placed above the retested trendline and profit targets set at the next support zones.
Short
by PIPSFIGHTER
#GBPNZD 1DAYGBPNZD Daily Analysis The GBPNZD pair is trading near the resistance line of an uptrend channel on the daily chart. This level marks a key area where selling pressure could emerge, presenting a potential sell opportunity if the price shows signs of rejection. Technical Outlook: Pattern: Uptrend Channel Resistance Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position if the price rejects the channel resistance with bearish confirmation signals. Traders should watch for reversal patterns, such as bearish engulfing candlesticks or indicators like RSI showing overbought conditions. Implement proper risk management by placing stop-loss orders above the resistance line, with profit targets set at the midline or lower boundary of the channel.
Short
by PIPSFIGHTER
December 11 2024 - Buy Limit Activated GBPJPY TRADEAs I checked one of my favorite pair in forex, I noticed that gbpjpy moving a bullish direction. One thing is certain here I will ride the pullback if supply was introduced in this market aiming for buy limit pending order in important swing low with demand. If you will noticed my chart during london session supply was introduced to mitigate Demand zone with validity. I like to trade demand and supply area with "PROOF". Please check my charts for additional information. RR: 1:4 Intraday (London-New york Session ) ATR: during that time = 10 #wyckoff #supplyand demand
Long
by glyrad
#EURCHF 1DAYEURCHF Daily Analysis The EURCHF pair is approaching a key support level on the daily chart, a zone where buying interest has consistently emerged. This support area offers a potential bullish setup, with the likelihood of a price rebound if the level holds. Technical Outlook: Pattern: Support Forecast: Bullish (Buy Opportunity) Entry Strategy: Look for confirmation of support holding with bullish price action signals before entering a buy position. Traders should monitor for reversal candlestick patterns, such as bullish engulfing or hammer formations, and supportive indicators like RSI signaling oversold conditions. Employ proper risk management by placing stop-loss orders below the support level and targeting resistance zones for potential profit.
Long
by PIPSFIGHTER
#XAUUSD 4HXAUUSD 4-Hour Analysis The XAUUSD pair has formed a bearish engulfing candlestick pattern on the 4-hour chart, indicating strong selling pressure. This pattern suggests a potential downside move, especially if the price breaks below nearby support levels, confirming the bearish sentiment. Technical OutloOK Pattern: Sell Engulfing Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position after confirmation of further bearish momentum, such as a break below immediate support. Traders should watch for continued selling pressure supported by indicators like RSI or MACD showing bearish divergence. Proper risk management is crucial, with stop-loss orders placed above the high of the engulfing candlestick. Profit targets can be set at the next key support zones for optimal returns.
OANDA:XAUUSDShort
by PIPSFIGHTER
AUDUSD 1DAYAUDUSD Daily Analysis The AUDUSD pair is trading near a significant support level on the daily chart, where buyers have historically stepped in to drive prices higher. This key zone suggests a potential bullish reversal, making it an attractive area for a buy opportunity. Technical Outlook: Pattern: Support Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position near the support level after confirming bullish price action signals. Traders should monitor for reversal patterns such as a bullish engulfing candlestick or indicators like RSI signaling oversold conditions. Proper risk management is essential, with stop-loss orders placed below the support level to guard against potential breakdowns. Targets can be set at the next resistance levels for potential profit.
Long
by PIPSFIGHTER
1
#AUDCAD 4HAUDCAD 4-Hour Analysis The AUDCAD pair has broken above a key trendline on the 4-hour chart, signaling a potential shift in momentum to the upside. Additionally, the presence of a buy engulfing candlestick in the breakout area reinforces the bullish outlook. This combination of technical signals presents a strong opportunity for a buy position. Technical Outlook: Pattern: Trendline Breakout & Buy Engulfing Area Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position above the trendline breakout level, confirming with bullish price action signals. Traders should look for additional confirmation such as continued bullish candlesticks or supportive indicators like RSI and MACD trending upwards. Place stop-loss orders below the breakout level to manage risk, and target higher resistance zones for potential profit.
Long
by PIPSFIGHTER
#USDDKK 4HUSDDKK 4-Hour Analysis The USDDKK pair is forming a descending triangle pattern on the 4-hour chart, a bearish continuation pattern that indicates the potential for further downside. The price is consolidating near the support line, and a breakout below this level would confirm the bearish setup. Technical Outlook: Pattern: Descending Triangle Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position after a confirmed breakout below the triangle’s support line. Traders should look for confirmation such as a strong bearish candlestick closing below the support level or increased selling volume. Proper risk management is crucial, with stop-loss orders placed above the upper boundary of the triangle. Profit targets can be set at the next key support levels, aligning with the measured move from the triangle’s height.
Short
by PIPSFIGHTER
#USDCHF 4HUSDCHF 4-Hour Analysis The USDCHF pair is forming a head and shoulders pattern on the 4-hour chart, aligning with a trendline resistance level. This confluence of bearish signals suggests potential downside momentum if the price breaks below the neckline of the pattern. The trendline resistance strengthens the case for a sell position. Technical Outlook: Pattern: Head & Shoulders and Trendline Resistance Forecast: Bearish (Sell Opportunity) Entry Strategy: Sell upon a confirmed break below the neckline of the head and shoulders pattern. Traders should look for confirmation such as bearish candlestick patterns (e.g., bearish engulfing) or indicators like RSI showing bearish divergence. Place stop-loss orders above the trendline resistance to manage risk effectively. Profit targets can be set at lower support levels or based on the measured move from the head and shoulders pattern.
Short
by PIPSFIGHTER
#EURUSD 4HEURUSD 4-Hour Analysis The EURUSD pair is forming a head and shoulders pattern on the 4-hour chart, which is typically a bearish reversal signal. However, in this case, the price action suggests a potential invalidation of the pattern, favoring a bullish breakout scenario. If the neckline resistance is broken, it could provide a buy opportunity. Technical Outlook: Pattern: Head and Shoulders (Potential Breakout) Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position upon a confirmed breakout above the neckline resistance with strong bullish momentum. Traders should monitor for bullish confirmation such as a breakout candlestick with increased volume or indicators like MACD signaling upward momentum. Proper risk management is crucial, with stop-loss orders placed below the neckline and profit targets set at the next resistance levels.
Long
by PIPSFIGHTER
#EURJPY 4HEURJPY 4-Hour Analysis The EURJPY pair is trading near a key support level on the 4-hour chart, a zone where buyers have previously stepped in to push prices higher. This support area presents a potential buying opportunity if the price shows signs of holding above this level. Technical Outlook: Pattern: Support Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position near the support level, confirming with bullish price action. Traders should look for confirmation such as bullish candlestick patterns (e.g., bullish engulfing or pin bar) or indicators like RSI signaling oversold conditions. Proper risk management is essential, with stop-loss orders placed below the support level and profit targets set at the next resistance zone.
Long
by PIPSFIGHTER
#GBPJPY DAILYGBPJPY Daily Analysis The GBPJPY pair is approaching a significant resistance level on the daily chart, where selling pressure has historically emerged. This zone indicates a potential reversal area, providing an opportunity for a sell position if the price fails to break above the resistance. Technical Outlook: Pattern: Resistance Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position if the price shows rejection at the resistance level. Traders should monitor for bearish signals such as reversal candlestick patterns (e.g., shooting star or bearish engulfing) or indicators like RSI reflecting overbought conditions. Proper risk management is essential, with stop-loss orders placed above the resistance level and targets set at nearby support zones.
Short
by PIPSFIGHTER
2
#XAUUSD 1HXAUUSD Analysis (1H Timeframe) A potential selling opportunity is anticipated near the resistance zone at 2650.00–2646.00, which appears to be a favorable area for sellers. Target Levels: 2624. 2614. 2606. Important Note: If the price closes above 2656.00, refrain from entering sell positions, as this could signal further upside potential. It is advised to avoid placing pending orders at this time. Instead, wait for clear bearish confirmations before executing a trade. Trade wisely!
OANDA:XAUUSDShort
by PIPSFIGHTER
#XAUUSD 4HXAUUSD Analysis (4H Timeframe) The price is currently consolidating, presenting a potential selling opportunity near the resistance zone of 2652.00–2648.00. Suggested Targets: 2606.00 2581.00 2555.92 Important Note: If the price closes above 2655.00, avoid initiating sell positions, as this could indicate a bullish continuation toward 2720. At this stage, it is recommended to avoid placing pending orders. Wait for strong bearish confirmations before entering a trade. Wishing you successful trading!
OANDA:XAUUSDShort
by PIPSFIGHTER