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Title: GBP/USD Short Opportunity on Retest of 1.26695 ResistanceTitle: GBP/USD Short Opportunity on Retest of 1.26695 Resistance Overview: The GBP/USD pair is currently exhibiting bearish tendencies, with the price encountering a key resistance level at 1.26695. This presents an intriguing short opportunity, aligning with the overall bearish sentiment. Technical Analysis: Major Resistance at 1.26695: The price has previously faced rejection at this level, establishing it as a significant resistance point. Bearish Divergence on MACD: The MACD indicator is showing a bearish divergence, suggesting weakening buying momentum. Fibonacci Retracement: The current price level coincides with the 61.8% Fibonacci retracement from the recent swing high, adding confluence to the resistance. Trade Setup: Entry: Short entry around the 1.26695 level or on a confirmed rejection from this resistance. Stop-Loss: Place a stop-loss above the recent swing high or a suitable level that aligns with your risk tolerance. Take Profit: Target areas of potential support, such as previous swing lows or key Fibonacci retracement levels.
by outkla
1
Silver ready buy read the caption As per the preliminary consensus, the US economy grew at a slower pace of 2.1% after expanding 4.8% in the third quarter of 2023. A slower growth rate would undermine the argument supporting a restrictive interest rate policy atleast until second quarter ends.silver ready to jump The hopes for an interest rate-cut by the Federal Reserve (Fed) has already eased significantly as the US economy is resilient on the grounds of labor market and consumer spending. •         As per the CME Fedwatch tool, chances in favour of an interest rate cut by 25 basis-points (bps) have dropped to 42.3%.
TVC:SILVERLong
by Mrsam36
GBP USD buy trade activatedAs you can see in my chart - this is a simple trade using wyckoff schematics. 1H is my main TF of analysis (intra day trade) after that I go to 45-30-15 min and look for shift in market structure. I found out accumulation in this 15minTF and then I wait for IC creation + validity/ proof. I set my pending order with an RR of 1:8 Using distribution schematics in higher TF. Please check the chart for more information :) Pending order activated and it took half day to reach the target.
Long
by glyrad
USDJPY can go UP from 🟢Support zone🟢➡️RR=2.45🏃‍♂️ USDJPY is moving near the 🟢 Support zone(143.40 JPY-142.82 JPY) 🟢. 🌊According to Elliott's wave theory , USDJPY has successfully completed wave A in the 🔴 Resistance zone(146.26 JPY-144.94 JPY) 🔴. 🌊The structure of corrective waves is Zigzag(ABC/5-3-5) . 🔔I expect wave B to end at the 🟢 Support zone(143.40 JPY-142.82 JPY) 🟢, and USDJPY will trend higher again and at least GO UP to the 🔴 Resistance zone(146.26 JPY-144.94 JPY) 🔴again. 👑 Position : USDJPY Position : Long Entry Point : 143.429 JPY (Limit Order) Stop Loss : 142.440 JPY Take Profits : 4145.852 JPY// 144.414 JPY(RR=1.00) Risk-To-Reward : 2.45 Please don't forget to follow capital management ⚠️ Please pay attention to the style of opening the position.⚠️ U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 4-hour time frame⏰. 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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
13
USD CAD December 12 2023 pending order activatedAs you can see, USDCAD react from above supply and then manipulating highs in 1h- 30min-15min TF. (1.38770 supply) . If you check the 1H TF , you will see a footprint of smartmoney making LH (this is the part where Im taking my pending sell order) mt5 platform. check chart for a detailed move aiming for another lower low in 4h and daily TF. Today my trade was activated and i ride this sell position. aiming for 1:5RR Distribution schematics ( Wyckoff)
Short
by glyrad
6
December 1 2023 - GBPUSD Buy Trade ActivatedHi guys! I have here a simple trade this week, checking the daily TF of pound dollar, i noticed a supply above (nov. 29 2023) -Nov. 30 move. After checking the bullish move on daily---> 4h---> 3h-->2h--> 1h. I checked for possible demand zone and set a pending order in my mt5 raw account. Nov 30 2023--> it reacted to my POI (point of interest) . so i wait until my pending order was activated . Indeed it really touched the price im aiming for and then i look for validity and proof of the zone. wyckoff accumulation on 5 min and 15 min tf. (please check chart for reference. RR: 1:8 1% of capital aiming for 8 % on this trade. Another great trade and wisdom from GOD. :) Patience is always the key.
Long
by glyrad
1
EURUSD TRADE IDEA 30/11/2023In this video, I the possibility for a continuation upwards on eurusd. I also talked about the things I will like to see the market do before I will be looking for entry positions for a long trade. I also talked about the possibility for the price to continue downwards since it's coming off a weekly 61.8 fib level. I talked about what I will expect the market to do before I conclude that the direction of the price has change from an uptrend to a downtrend. I'm sure you will enjoy this video so please give me a boost and also follow me.
by Francisbluepipsfx
EURUSD ANALYSIS UPDATE 21/NOV/2023Now, it's obvious that the ascending channel resistance I talked about on the 4h timeframe this morning seems to be holding. You can see how the price is rejecting the resistance and has closed lower than the 1.09500 level. Also, a counter trendline I drew has been broken to the downside which acts as added confluence for a possible continuation downwards. This means there's a very high chance that the price will retest that level as resistance and continue downwards.
by Francisbluepipsfx
EURUSD ANAYLYSIS 16/11/2023I'm sorry I'm unable to make a video today. I'm currently down with ear pain, catarrh, cough and sore throat, and they're killing my voice. For today, I'm not expecting much. The price appears to be rejecting the weekly 50% fib level I have been talking about. This means there's a possibility for a move downwards today too. On the 4h timeframe, the price looks like it's respecting the ascending channel I added to the chart in yesterday's video. This is in alignment with the weekly fib level rejection. It also supports a move lower. From the 1h timeframe, We can see that the price is already creating lower lows and lower highs which signifies a down trend. This simply means all the relevant timeframes are in alignment for a move downwards, so I'll be looking for shorting opportunities on this pair today. However, we already know that it's not wise to just take a trade from anywhere so the big question is what level will I be looking out for. I will be looking out for the 1.08500 level. That is the nearest psychological level to the price and it is currently trading below that level. What I will be doing now is just to wait for the price to get to the 1.08500 level. When it gets there, I will expect to see the price show me an entry reason to this pair. If the price does that, I'll take a short trade. But if the price just breaks higher and keeps moving, then there's no trading opportunity. Always apply proper risk management when trading.
by Francisbluepipsfx
USD/CHF Sell Opportunity - Swing Trade - 0.90000 Key ResistanceI have just taken a sell position on USD/CHF expecting some strong selling pressure over the next coming weeks. From a technical perspective we can see price has come into 0.90000 level which is a key area of daily / weekly resistance where in the past the market has reacted to favourably. I am expecting again a strong reaction from this area. I will not be going into the entry confirmation for this trade. Stoploss is going to be at the high of the current daily candle. Targets have been outlined within the screenshot provided.
Short
by FXEntries
EUR/NZD Sells Active - Swing Trade - Key Resistance 1.80500I have just taken a sell position on EUR/NZD expecting some good selling pressure over the next couple of weeks. From a technical perspective we can see price has come into the 1.08500 level which is a key area of daily/weekly resistance where in the past the market has reacted from favourably. I am expecting again a strong reaction from this area. I will not be going into the entry confirmation for this trade idea. Stoploss is going to be at the high of the current daily candle. Targets have been outlined within the screenshot provided.
Short
by FXEntries
2
GBPUSD LONG ENTRY NOV 2 2023Accumulation schematics shown in 1h TF. Check the market structure and you can find liquidity grab from 45min timeframe down to 5min time frame. Its funny how fractals work because as you can see the daily is bearish but if you zoom in to 4h----> 1H you can notice the retracement because of demand zone interaction . I go to 30min and 15 min timeframe for entry. wait for validation and pull the trigger. check the charts and see the exact entry november 2 new york session activated the pending order. RR: 1:14 ACCUMULATION
Long
by glyrad
2
AUDUSD BEARISH SETUP|LONGHello Traders, here is the full analysis. Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
EURCAD, Huge Double-Top Formation, BEARISH Flag-Setup!Hello There! Welcome to my new analysis of EURCAD from the 4-hour timeframe perspective. Within recent times the forex currency pair already emerged with a massive bearish inclination that should not be underestimated especially as the momentum already reached an accelerated point. Now, a major consideration is whether this bearish dynamic holds on or is going to accelerate much more within the upcoming times. In my analysis, I have considered the backend analytics and what should be expected with the pair within the current market situation, especially with the major underlying bearish inclinations. When looking at my chart now, the most important part of my chart is this gigantic double-top formation with the first and second tops already being completed. Since EURCAD formed the second top within the whole double top formation it heavily accelerated with the bearish momentum finally breaking out below the boundary of the double top formation to accelerate the massive bearishness below these boundaries. Also, important here is that a major bearish EMA crossover is marking a huge resistance and is confirming the bearish downtrend dynamics. With the completion of the gigantic crucial momentous double-top formation, EURCAD is setting up a massive bearish inclination especially as it is forming the next bearish flag below the boundary breakout zones. This bear flag formation is likely to complete within the next time and is going to accelerate the bearish momentum continuations towards the lower levels. First of all, the first target zone that has been activated is the minimum target zone of 1.409 as marked in my chart. Once this target zone is reached and the bearish momentum accelerates the price is going to continue below these zones. Taking all these factors into consideration here, EURCAD is now about to set up the next bearish continuation wave which will reach the next bearish acceleration triggers once the bear flag formation to complete the double top confirmation has been finally completed with a breakout towards the downside. Depending on the bearish momentum that is going to prevail after the breakout setup it will be important on how the bearish momentum actually sets up and how it reaches the target zones. Because, especially when the momentum increases by 4x in momentum pace there is a high possibility for the bearish continuation to move further into the bearish ground continuation. It will be a highly crucial determination. In this manner, thank you everybody for watching my analysis of EURCAD. Support from your side is greatly appreciated. VP
by VincePrince
6
GBPJPY, Huge Wedge-Formation, Bullish Volume, BREAKOUT Setup!Hello There! Welcome to my newest idea about GBPJPY from several timeframe perspectives. Within recent times the volume demand within the pair has increased massively, especially as the GBP pair part keeps on being bullish despite an increased high interest rate structure. The trend did not reverse meaning there is a strong bullish edge that is determined by the fact that liquidity demand within the GBP region is showing great strength. Now, I have detected the most important levels and considerations to consider within the next time. Especially, with the major underlying structures and upcoming potentials this setup is likely to convert into a worthwhile opportunity. From the 4-Hour timeframe perspective, the GBPJPY price action is holding above important support zones determined by the 182.5 to 183.2 level in which GBPJPY already bounced several times. Especially marking the previous bullish momentum bounce above these important levels and now building the whole formation above the main supports this is marking a strong base from where further advancements are almost inevitable. Taking this into perspective GBPJPY has this major descending trend line in which it already bounced several times and now bounces again. From the 1-Hour timeframe perspective GBPJPY is forming this major inverse head-shoulder formation with the right shoulder now being completed and bouncing within the whole support cluster structure marking a final bounce to confirm the completion of the inverse head-shoulder and confirming target zones above the upper boundary of the bigger descending continuation wedge. The fact that this is also marking two major confirmations is making the structure much more bullishly inclined. When the appropriate momentum holds on then the GBPJPY pair is going to move into the next stages of expansion. From the daily timeframe perspective GBPJPY is building this gigantic ABC wedge count with the wave C to emerge when the breakout above the upper boundary of the wedge formation has emerged. This final breakout and the origin of the wave C is going to activate target zones of 195 to 200 within the whole wave count. Especially, when the breakout is determined with high volume and an increased demand liquidity within the GBP region this is going to add to an extra momentum to complete the whole formation and is going to increase the potential for the massive expansion wave to inevitable high conditions. The next time , the final breakout is going to initiate the completion of the whole formation. Because of the significance of this whole wedge setup and the high potential expansion setup, I am going to keep the symbol on my watchlist and re-evaluate the situation again once changes emerge. In this manner, thank you everybody for watching my analysis of GBPJPY. Support from your side is greatly appreciated. VP
by VincePrince
14