NZDUSD Bullish Continuation MM P 100pip// WHICH PATTERN ON MMP GUIDE DO WE HAVE?//
NZDUSD is currently showing a BULLISH CONTINUATION MM Pattern 5 in the MMP GUIDE.
// HOW TO ENTER //
Wait for NY to pullback close to the CP
RISK ENTRY ;- LONG on a good rejection from CP
CONFRIMED ENRTY;- LONG when we fix ABOVE BL (Baseline)
// INVALIDATION //
Use a 20-30pips STOP LOSS
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EURAUD Bearish Continuation MM Pattern// WHAT MM PATTERN DO WE HAVE // -
EURAUD is currently showing a BEARISH CONTINUATION PATTERN for Today's setup.
// HOW TO ENTER //
Wait for NY open and a stop hunt of the LN-Hi level and take a SHORT.
RISK ENTRY - Enter during NY when price is STOP HUNTING the LN-Hi level
CONFIRMED ENTRY - Price currently in a CONFIRMED ENTRY level (Below BL) wait for NY to ensure no sh leg.
// INVALIDATION //
Use a 20-30pips STOP LOSS
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I will notify you of the EURUSD entry opportunity
Regarding the euro, the inflation outlook in the Eurozone is uncertain, and the European Central Bank (ECB) is not expected to shift its tightening policy quickly. On Tuesday (February 28th), the French CPI annual rate was recorded at 6.2%, higher than the expected 6.1% and the previous value of 6.0%; this indicates that there is a risk of a rebound in Eurozone inflation.
On the US dollar side, since early February, a series of economic data in the United States have been stronger than expected, and market expectations for US inflation have rebounded. Expectations of a rate hike by the Federal Reserve (Fed) continue to rise, and the currency market has sharply raised the pricing of the peak of Fed interest rates. If the upcoming economic data continues to exceed expectations, there is still a possibility of further strength in the US dollar in the short term.
The Eurozone CPI for February, which will be announced on Thursday (March 2nd), and the US ISM Services PMI for February, which will be announced on Friday (March 3rd), are worth paying attention to. If US data continues to perform strongly, it will put pressure on the upside of EURUSD.
Looking at the EURUSD 4-hour chart, after a short-term rise, it is once again under pressure to fall back. The upward momentum is obviously insufficient, and there is a demand for a pullback. I personally expect the market to confirm a wave of support before ushering in a new round of upward movement, which will also be our entry opportunity.
My suggestion is to wait for the market to adjust to the range of 1.05400-1.05500 to initiate a long position layout. This is a key support level in the oscillation range and also a relatively good buying point. If you have large funds, you can enter in advance. Friends with small funds need to be patient and wait for the buying point to appear. The first profit-taking position above is 1.07200, and the second is 1.08000.
I have in-depth research on futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil, and I also update some daily operational layouts. Thank you for your attention and likes. Friends with questions can leave a message to me in a timely manner, and I will give the most prudent advice to help you.
The entry point for GBPUSD is imminent
Previously, when GBPUSD touched 1.19250, we emphasized that there was strong support at that level, and there was a demand for a rebound. The consecutive two rallies were both quick rebounds after testing the support, but the sustainability of the upward trend was weak, and there was a subsequent decline after being under pressure.
However, when the market enters our buying zone again, I will still act decisively and continue to position myself long at the previous key support level, waiting for the market to stabilize and further form an upward breakthrough.
As I focus more on long-term positioning and swing trading, the trading cycle may be longer, and long-term positioning requires a relatively large amount of capital and a good investment mindset. I will also keep updating and promptly notify when the layout point is reached.
Operational suggestions: buy at 1.19200-1.19400, with the first profit target at 1.21500 and the second profit target at 1.22700.
I have in-depth research on futures products such as cryptocurrencies, forex, stocks, gold, and crude oil, and I also update some daily operational layouts. Thank you for your attention and likes, and friends with questions can leave me a message promptly, and I will provide the most secure advice, hoping to help you.
FX:GBPUSD
UPDATE in SETUP FOR EURAUD !!The level that should be broken to go Long on EURAUD had been changed, its the 1.46194 now and its already broken, so now we should wait for retest that shouldnt break the 38.20% of Fibonacci retracement and should in the form of a regular flag, expanding flag, running flag or contracting flag, then seeing some additional extra confirmation to spot the entry trigger and have a good setup and postion for a trade with +80% win rate. Follow me to stay in touch with any update and take the ride with me! Tell me what do you think about making a youtube channel where i'll post videos analazing the full charts so you can understande well.