EURGBP FORECAST LONGEuro is bullish even after the news compared to pound. Eurgbp will reach highs soon. Price is seen retesting for support. If it rejects nice I will be taking a long position.
Forextradingzones
CADJPY FORECAST COMPLETEcadjpy has completed its downside move after a rejection of resistance. I will update this forecast soon but for now it looks like price is simply consolidating.
EURJPY LONGeurjpy has been stuck in this area for a while now. I am seeing this as an opportunity to buy longs as it has not even tried to move lower. This is clear price rejection of the downside. Euro is bullish, and the yen is bearish. This will be a long term trade. COT reports agree :)
USDCHF SHORTlooking for shorts in usdchf. to the last low in the hour charts. Price is showing rejection of a strong reisstance and doesn't want to head back up.
CHFJPY reached the perfect short areachfjpy has reached my short area and completed my previous forecast. I will be taking a short with a pretty large stop loss. This will be a long term trade for me
Interesting Price ActionWhen we take a look at the daily TF there's a beautiful impulse correction , retracing to a previous structural level. Also when we use the fib tool to measure the impulse it has rejected twice on the golden fib level.
70-125pips EurCad longPrice is at a nice demand zone for a possible teacup on EurCad. Waiting on confirmation to place long order for 70-125pips profit with minimal stop loss to maximize risk to reward.
XAUUSD gold entering, long postion.. dxy,, trending lower,, trading was taken buy, breakout from the value area,poc,, fib levels.. obsobtion..
XAUUSD gold setup exit.. know waitting for create new liquidity, i notice onething most of them out there, they have there own attitude on trading,, most of them dont have proper knowlage about trading how market move. but in order to make money some need to lose.life isnt fair for everyone.. and if everyone wins there will be not competion . there will be no filter to reward some of them.
a good trader must have winning minsdet and trust there gut there Strategy, something doesnt work you need ask question why, everything has machanic ask question your self more often why how and why..
in order to learn anything need to go undastand history of that skillknowlage. if you know the history what happen before. you have most advatages to know how it create how it functions.
75 - 100pips long UsdChfMarket has previously created a nice level where a possible bullish push could be generated. Also, inverted head and shoulder pattern could be printed if price action completes pattern from neckline. If price action is warranted this bullish push should run for 75-100 pips for a nice risk to reward.
Another chart analysis on 15m timeframeAnother Long posiition USD/CAD i think this is gonna happen in the few hours due to higher lows in the charts and big support channel in the middle.
Moving to USD/CAD this timeI was disappointment about EUR/JPY so i move to the next trade and that USD/CAD we are looking on 15 minutes timeframe and i see bullish from the chart. In the next few hours we can capture the bullish zone all way going to up.
The EUR/JPY very bearish i think i just make chart analysisI look on the 1 day and 4h charts looking for som evidence of resitence and support in to commulative zones and find this i think this is pretty relatable in these days.
US30 long 300pips - 1,000pipsCheck out the nice zone banks have printed with price action. Head and shoulder pattern possibly forming to complete teacup for bullish push. Seeking 300-1,000pips or 3,000-10,000points depending on your broker.
USDCHF Weekly: 18/01/2023: Long term view
As you can see, the price has fallen after touching the supply zone.
Now we expect more fall.
First I think the price will move down under an equal low.
In the first scenario, the price will collect liquidity under 0.89262 and will upward move from 0.88386- 0.8926 which is shown as a demand zone on the chart.
The second scenario is more optimistic for the dollar, in this scenario, the price will collect liquidity under 0.90186 and then will move upward in the support zone. ( 0.90102- 0.89262)
For all of these scenarios, we need low time frame confirmation.
💡Wait for the update!
🗓️18/01/2023
🔎 DYOR
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GBPCAD Possible short setting upGBPCAD
As mentioned in Yesterday's session. There are so many ways we can count waves in this one. Lets look at the one that is presenting an opportunity to go short.
The pair is now in Minute wave within minor wave 3. An opportunity to go short Minute wave is setting up.
100-200pip short possibility for EurAudThe market is currently at a nice supply zone showing price action to warrant a short possibility from this major zone. Bearish push should be 100pips at minimum to about 200pips maximum resulting in a nice risk to reward.
AUDCAD AUDCAD Mentioned Range High, Mid range , & Low range .
Making bearish bat Harmonic.
AND Mentioned Bearish Order Block (Supply Zone )
USDJPY shortConsidering recent PMI data shows an economic turnover, declaring the possibility of the end of a recession for the US and therefore creating a stronger currency. However, long term data suggests a weaker dollar as investors are looking for increasing interest rates for a stronger currencies against the inflation.
The technical analysis indicates a reversal at the zone likely to become a resistance. The zone was hit today but is likely to be hit again. If not, the trend is likely to continue and therefore the trade can still be taken.
nzdusdnzdusd short setup,, update,, trade still in progress, still way to go,, or create new auction price liqudation.. to price value enough to push the price higher..
75-100pips long to complete Head and Shoulder EurAudPrice is at a nice demand zone and should teacup to form a W pattern which will retrace back to the neckline completing Head and Shoulder pattern. Waiting on confirmation to place long position once price shows rejection of the low.
