UJ Bullish rally soonPrice rejecting 157.00 psych + 61.8 fib. Price broke out of triangle and retested.
Fxtrading
EURAUD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
EURNZD LONGSPrice double bottomed at the 50% fib level and 1.8300 psych level. Price is moving already but has clear indication to the upside. Target is -27 fib
EURAUD LONGSH4 price action still bullish. Price bouncing off the H4 support zone with 1.6500, trendline and 61.8 as confluence. Longs activated
XAGUSD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
GBPCAD Downside PressureGBPCAD is at a break and retest level. Hitting the H4 EMA, trendline, 1.8000 psych and 50 fib level. Looking for more downside pressure
GBPJPY Sell/Short SignalWhat I have been marking up for GBPJPY it appears to have pumped a few pips prior to stopping at its main shoulder of resistance. I have been watching key levels for take profits potential here of the levels 192.020, 188.006, and 183.762 for day trades and swing trades. Rejection levels of 199.853 and 198.881 has proven that we are facing a lower high trend rejection for a continuous downtrend for the next few months it potentially has here. I suggest to use proper risk management when entering the trade and to have your stop losses set at 30-50 pips depending where you entered in. You may close when you feel is best to do so on your own. Please message me if you have any questions about this trade! Thanks!
GBPUSD Buy to SellLooking to have GBPUSD head up to the ash zone before a sell...
Simply look for a confirmation or way to join the buy based on your style and strategy, then get a confirmation for sells at that zone above price currently.
Do ensure to follow your strategy if it tells you otherwise!
GU SHORTSPrice provided an extended double top pattern at a break and retest of the trendline. Additional confluences include 78.6 fib, 1.2550 psych, 50EMA.
GBPJPY Sell/Short SignalGBPJPY looks like a sell on the D1 and has been moving steadily down from the last entry we took. We are looking for a nice slide downward movement with key levels I marked on the chart. Last few patterns that have played out created a double top and a clear indication of an M formation to complete the full double bottom. I would like to see levels 192, 188, and 183 touch for a long term swing trade period, however, you are able to close when you wish to do so. Please be advised to use cautionary risk/reward ratios and what suits you best. If you have any questions, please feel free to message me as I love to answer questions! Thanks! Happy New Years to all! We are officially BACK!
ENTRY: 195.284 (can enter in these levels)
TP 1 (Day Trade): 192.020
TP 2 (Swing Trade): 188.006
TP 3: (extended swing trade) 183.762
SL: 50 Pips from entry
Please message me if you have any questions! Please enjoy your day and be sure to follow our page!
AUDCAD Risky ShortsBeginning of the year indicates new cycles. Be careful shorting but all signs point to the downside. Confluences include 3rd touch of the trendline, H4 SNR, 78.6 fib, H4 engulfing, H4 50 EMA
EURCHF 1HR This EUR/CHF 1-hour chart shows a recent shift from bullish to bearish momentum:
Trendline Break: The uptrend has been broken, indicating a potential bearish shift.
Key Levels:
Resistance: Strong resistance around 0.94200.
Support: Key support at 0.93862 has been breached.
Bearish Engulfing: A bearish engulfing pattern below the trendline signals strong selling pressure.
Price Projection: The bearish momentum suggests a move towards the next support level at 0.92852.
Overall, the analysis suggests that EUR/CHF is likely to continue its downward trend in the near term, with the next target being around the 0.92852 level. Traders should look for selling opportunities on retracements, keeping an eye on any potential reversal signals that could alter the bearish outlook.
AUDCHF primed for shorts soonPrice is in Resistance zone and hitting 3rd touch of the trendline. Also 50 EMA + 50 fib in confluence
Shorting Euro DollarPrice has consolidated in SNR zone for the past few days. Creating a double top and a break of a counter trend line. Shorts incoming
GOLD (Final Projection for the year 2024)We simply anticipate Gold pushing upwards towards the zone in ash. Afterwhich we expect to see a good confirmation and then some massive price drop.
Do ensure you compare every analysis with your own technical approach.
BTC - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched equal lows lower.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of weakness, so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
Continuation towards the upside?Risky EOM & EOY trade. Looking for a continuation towards the upside. Price looks like it's rejecting off the H4 SNR zone with a trendline and psych level as confluence
EURUSD ShortsPrice in resistance area, forming a H&S of a H4 bearish trend. Given the fact that it's nearing EOY, this is deemed as a more riskier trade
USDJPY Possible LongsConfluences:
Daily Level
38.2
156 Psych
4hr retest on trendline
This is a calculated trade as it's nearing the EOY.
GBPCAD LongsTook longs on GBPCAD. Price came into a demand zone. Double bottomed with a H4 engulfing. Looking to aim for the - 62 for a 1:3 R:R. Will look to manage trade once price hits the 0 and -27 fibs
Risky LongsBecause we are closer to EOY, trading is generally more risky. But looking at longs on GBPAUD now.
Confluences:
- 2.00500
- 50 fib
- H4 SNR
- H1 Double bottom & retest on neckline
NZD/USD Bears Remain in ControlSince early October, sellers have largely taken control of the NZD/USD (New Zealand versus the US dollar) and sent price to lows not seen since late 2022, with limited pullbacks seen. Overall, the currency pair is down nearly 10% from October highs.
Ichimoku Resistance Supporting Sell-On-Rally Setups
What is technically important to recognise is that the current downtrend remains supported by the area formed between the Ichimoku’s Conversion Line (blue at US$0.5830) and Base Line (red at US$0.5892). Consequently, as long as the pair continues to explore lower levels, any pullback will likely prompt traders to closely monitor price action for signs of bearish intent from within the aforementioned area.
Adding to the bearish outlook for the NZD/USD, in addition to the 200-day simple moving average (US$0.6050) rotating lower, and price crossing south of the line in early October, it is clear that the Ichimoku’s Leading Span A (light green at US$0.5861) crossed below the Leading Span B (light orange at US$0.6012). This provides a bearish signal and helps establish another resistance area that investors will watch closely should a deeper pullback come to fruition: the Ichimoku Cloud.
Price Direction?
With the downtrend clear, should a pullback to resistance at US$0.5816 materialise – which, at that point, will likely line up with the resistance area between the Ichimoku’s Conversion/Base Lines – this could be an area that sellers are drawn to.
Australian Dollar Looks Like a Good Investment Well, now that Australian unemployment surprisingly dropped it gave the central bank’s hold-steady stance on rates some creedence. With Aussie sitting in the lower portion of ranges (E.G. here with AUDCHF)I like buying and holding the asset for longer time horizons. Small sizes, and take profits at levels, like the 200 MA, and jumping back in on pullbacks.
