GBP/JPY Reversal pattern will Change the Direction Of The PairAfter moving to the upside for very long time on all time frames, we are witnessing a great reversal pattern on this pair referring to a big change in the main direction of this pair.
the pattern is double top on the 4 hours timeframe.
we can enter a sell trade on this pair directly or we can wait for a little re-tracment and retest of the neckline, from there we can enter a sell trade and our target will be around 200 to 250 pips.
Freesignal
GBP/AUD Trade Idea 2/24/2024We have 2 trade ideas for the upcoming trading week
Short trade: broken trendline and retested with a bullish candlestick closing on the trendline with a following bearish candle stick closing.
next clear support area should get tapped which i boxed up.
great risk to reward setup
Buy trade: If we break above the boxed zone where it broken the trend line and retested then we will look for buys.
Great risk to reward as well as the market should pull up 100+ pips on both buys and shorts.
i am personally looking for this Short all the way down to the support line i have placed.
EUR/USD Next Down Wave Is Almost Herethe price is moving in a down trendline making a decent waves. after watching the DXY we can say that this pair will continue to the downside. right now we are in a middle of a retracement preparing the price to go down back again. we will measure the current wave with our Fibonacci tool and be ready around ( 61%, 71%, 78% ) fib levels with any good bearish price action to sell the pair.
the stop loss can be tight around 50 to 60 pips maximum.
Long Trade for EURUSD Success rate 75%Opportunity for Long trade with a success rate of over 75%
The price is likely to hit TP1 with a 75% chance and TP2 with an 65% chance.
Please note that all the information provided is based on personal opinion, and no responsibility is assumed for any outcomes."
NZDJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity NZDJPY
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