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EUR USD IdeaIn recent weeks, our analysis pinpointed the monthly highest volume node, resulting in a retracement that brought the market back to this critical level. Looking ahead, the strategy is poised for a potential shift in the 4-hour chart, with a preference for a downward trajectory before considering a sell trade. The overarching goal is to capitalize on the downside momentum and target lower lows. However, it's crucial to acknowledge the possibility of the chart entering a consolidation phase, given the strength of the order block observed on the monthly charts. This dynamic situation demands a keen eye on the market for potential scalping opportunities if favorable conditions present themselves. Stay tuned Traders!
Short
by themarketknight
1
USDebtCeilingCrisis.ComLet’s make some noise for the 11th hour party people. Bipartisan talks between US President Biden and House Republicans over the debt ceiling crisis have finally come to a resolution. Well, in theory at least since there is the small matter of Congress having to vote on it later this week. US lawmakers might balk at the idea that this is an 11th hour deal since the much touted ‘hard deadline’ of the 1st of June has now moved to the 5th of June. Any chances we could see that pushed forward by a few more days in the event of further brinkmanship during the Congressional vote on the deal? Make no mistake. Regardless of the real hard deadline before the US technically defaults on its public debt, this will have been an 11th hour deal. The thing with 11th hour deals whether they’re related to business, divorce settlements, ransom/hostage negotiations or drug deals is that they tend to be equally bad for both parties but at least everyone walks away equally disappointed. A deal as critical as the one needed to tackle the debt ceiling crisis should have been done and dusted well before this game of chicken ended in both parties swerving just before the head on collision. The US debt ceiling issue is a bubble. The limit has been lifted 78 times since 1960 and is quite the magician’s trick. Raising the limit each time a ceiling is reached and then kicking the issue into the long grass until the next time negotiations need to take place is dangerous enough but the way in which this current deal has been tentatively reached has created micro tears in this bubble and only time will tell if the bubble bursts at some point in the not- too-distant future. Even a smooth run through Congress later this week will be short-term relief for markets as the possibility of a crash depends on the extent of any liquidity leaving the system and where exactly that liquidity drain comes from as soon as the US Treasury turns on the T-bill tap to full blast after a confirmed deal. These are exciting times for FX traders as we trade the bull runs, the bear runs and the crashes. Keep yourself educated and informed at all times. And remember that whenever you go to the market, be careful out there. BluetonaFX
Education
by BluetonaFX
4
USD/JPY: bearish movement toward $130 JPYU.S. Dollar/Yen Japanese look bearish in this side very clearly that could to continue drop following the speculating news that I share in my twitter. We see as first two past bearish candlestick in H1 timeframe forming like a medium bearish candlestick with a down wick and a up strong rejection wick that formed,this it's a strong indication of the bearish movement. Now, use very wide the price action and they help you to define your trade. I will put a sell order limit in $131.92 JPY, Stop Loss in $132.60 JPY and take profit in $130.00 JPY. We have a potential to get 191 pips. This it's a risk/benefit of 1:3. Tomorrow we have FED chair Powell speaks and Thursday we have U.S. Core CPI (DEC), in the past 2 month came bearish from November 2022 and we hope the following key points to watch here: Speculating News: 1) Dollar has peaked but set for last hurrah as markets underpricing FED tightening 2) According to Goldman Sachs, U.S. Dollar has peaked , but economist believe that in the coming months before resuming a steeper downtrend as Federal Reserve done for longer rate and isn't yet priced in. 3) A note from Goldman Sachs comment that Dollar isn't likely to revisit the September 2022 highs, after that Dollar has peaked. But it's still likely to experience some phases of strength in the nest 3 to 6 months. Good Luck!!!
Short
by harisonhbn9718
6
SHIB Symmetrical triangle (could break down) Chart for referenceHello all ⭐🌏 Here📉, we notice that Shib has been forming this symmetrical triangle 👌▶ structure for about 3 months now📆📌 I suspect bitcoin will retest the ~15k area soon, and this could mean a drop in many alts as well. There is news of BlockFi filing for bankruptcy 👀🐻 Bitcoin price action and overall market fear due to BlockFi bankruptcy along with FTX bankruptcy could create panic sells🆗 Bitcoin halving cycle is almost complete as per past results, so this could get interesting. I expect extreme volatility in the coming days, feel free to check updates on my most recent BITCOIN analysis for more information on BTC price action Possible bullish : 🐮⏬ As for now, this is SHIB last chance to climb above that support level once again Let's see... Bullish scenario is that we bounce of the bottom of this structure and possibly breakout This is not advice Thank you so much Always have a stop loss ✋🛑💲 set Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome Jazerbay 🐕
by jazerbay
19
Bitcoin could to continue climb to $22kIn this update, I will analyze Bitcoin from H2 timeframe giving me an interesting fact that the price could to continue climb toward $22k. It's appear that in H4 timeframe look bullish in this run. Meanwhile, in Daily timeframe, Bitcoin forming a possible bearish Gartley Harmonic Pattern, what more later, this look a good opportunity to short in the smart zone. For now, I'm in long toward $22k. Maybe, we could to see any possible bearish channel formation in Daily and this could be a good idea to take in perspective. I'm in long from $20,890 USD, Stop Loss to $20,450 USD and take profit to $22k. ***Based in the fundamental analysis, everything will depend on the next week how far FED will raise interest rate? And any bearish signal that if the FED don't make an aggressive interesting rate indicating pessimistic based the forecast what Jerome Powell has, we could to see a strong data here that Bitcoin and S&P 500 may be bullish in this case to watch in the next week. The U.S. Dollar take risk in the curb of possible recession that some economist said recently and a bad speculation that appear in Forex market to take in perspective with U.S. Dollar. Good luck!!!
COINBASE:BTCUSDLong
by harisonhbn9718
3
CAD/CHF: UpdateWe're in our direction as I predicted very well, that Canadian Dollar will drop, right now, today after the unexpected economic data that Bank of Canada was less aggressive that only jump 50 bps and not 75 bps, this was a kill movement that central bank it's less aggressive to hike interest rate We're in profit in CAD/CHF from yesterday that I entry in short after that I identify a clear bearish signal by price action with a lot chance that Canada currency will drop. But definitely, the result was pretty good entering for now in the good point shorting. I have 31 pips in profit. The price it's around 0.7270 CHF and my target fix to $0.7230 CHF. Now, I made this screenshot showing that our key support it's in my fix target to $0.7230 CHF. So guys, at the moment, we're ok in this trade. Now, we should to look the candlestick in formation that if this candlestick closed up with bearish signal, we could to make a break even to cut loss in the Stop Loss. So guys, hold this position if you're in short in CAD/CHF. Also, I'm shorting CAD/JPY too and I look that I'm in profit too very well!!!
Short
by harisonhbn9718
8
EUR/GBP: Bearish fundament in EuroWhat I think it's that they're an impact negative in the Europe energy crisis as governments are starting to share higher energy costs with European consumers, that thing that we should to call a worry scenario that will affect the European economy and of course the performance in the trades and business. Also I know that UK has a bad expectative in based the high cost of living and inflation out of control in the lives of Britain people. But that forex par make a high correlation and sensitivity with 2 biggest nation UK and EU. That it's all my fundamental key that I bring you everyday. So, Euro/Sterling Pound look in my technical analysis into this bullish channel and I believe that Euro it's more weak in front of Pound. Also, we could to expect this projection in the movement in EUR/GBP to open short position in this. Also, in Daily timeframe, we see a high probability that Euro could to weak more than Pound in based that we're fundamentally in the worst crisis in Europe never see by decades and a lot fears in the global financial market, more specifically in European markets. 0.8677 GBP, Stop Loss to 0.8511 GBP and take profit to 0.8416 GBP. This it's a risk/benefit 1:2. I hope that this idea and analysis support you and using the fundamental keys to watching what happen in the global financial market Good luck in this trade!!! So, I will put a sell place to
Short
by harisonhbn9718
4
GBP/USD: Short in the 0.382% FibonacciGreat Britain Pound/U.S. Dollar look bearish in H1 timeframe, what we could to have another opportunity to short Sterling Pound. For tomorrow, we have a economic news in UK economy that it's about UK Average Earnings Index + Bonus what depending the result, will define the trend in short timeframe, but we expect to raise 4.5% in the forecast vs actual 6.2%. Also, as key factor it's that Chinese economy it's in the drag to take note in this fundamental news. This it's the H4 and I expect that Sterling Pound continue drop in front of U.S. Dollar, also, we're in the important point to note in H4 and apply in my analysis here. And also, we pass the opporutnity that we would have to short GBP/USD from 0.618% fibonacci, but the price can to give us another opportunity to short GBP. i put a sell order limit to $1.2088 USD in the 0.382% fibonacci, Stop Loss to $1.2131 USD (42 pips) and take profit to $1.1988 USD (100 pips) Good luck!!!
Short
by harisonhbn9718
5
USD/JPY: ABCD bullish patternIn this update, USD/JPY forming an ABCD bullish pattern, what we could to see a long position right now that could to reach in the 0.382%. I use Fibonacci for armonic to calculate my potentials target. Also, I can see a double top in that chart and we're in the possible invalidation of this broke-down of support, our main resistance will be exactly to $137.61 JPY. Also, you can to draw a bullish butterfly harmonic pattern, but I put my analysis more easily to analyze it. Because it's the same calculous to measure it. At the moment, the price still up, but I hope to continue climp as I Hope. Good luck in this long position!!! Remember, I entry around $136.61 JPY, Stop Loss to $136.11 JPY (update) and take profit to $137.61 JPY and a point to watch $137.30 JPY to know if the price could to continue up, Otherwise, the position could be closed up manually so near of $137.30 JPY analyzing the candlestick
Long
by harisonhbn9718
9
EUR/CAD: Short PositionEuro/Canadian Dollar show us a good short position in this Forex par and we see a good perspective in this trade. The price make confluence in the 0.382% Fibonacci level and we see that price show us a bearish candlestick pattern here, this it's a bearish envolving pattern. The H4 still bearish in this trend and I hope that EUR/CAD continue down. I see that this opportunity could be a great to find down 115 pips. I hope that this idea support you!!!
Short
by harisonhbn9718
1
USD/CAD: Bought by fundamental newsU.S. Dollar/Canadian Dollar show us a good buy right now to take in note. You can to buy now at the market price and your SL will be $1.2601 CAD (35 pips) and target to $1.2737 CAD (101 pips). But in H4 timeframe we see that U.S. Dollar it's bullish in front of Canadian Dollar and USD could to lead to $1.2737 USD in my specific target to watch. So guys, the trend it's lead by H4 timeframe firstly and we see it like good opportunity. But in based the fundamental news, U.S. Dollar still up about the U.S. Treasury Yields and get benefit from Federal Reserve in the interest rate in 25 points basic in the previously month MARCH and has set to continue hiking in their progress in Forex market. That it's whole information that I have in my hand for you. Good luck!!!
Long
by harisonhbn9718
3