SBI LongDetails are on chart.
Entry point is 197 and expected target should be 215.
Please do your own analysis before making any trade.
Priceactionstrategy
AUD/JPY Clean price actionLooking to Find Shorts this week On AUDJPY . Here is my analysis: On this three touch structure, I am focusing on the price action coming into this third touch. Consolidation near this third touch is key and will be aiming for the bottom of Its bigger structure.
GBPJPY Catching S/R traders on the wrong side of the marketHere is my analysis on GBPJPY and why i believe price action is so important. The typical support & resistance trader would buy after retesting its previous High. However what is important to see from this analysis is how price action gets to that point of price. Price was in an ascending channel, in that channel a sideways channel followed, breaking out from that followed another ascending channel breaking above its " Double Top " . Waiting for the right signal, in this instance it was the break of its consolidation coming up to its third touch. I believe GBPJPY will be bearish for some time and will be looking for more scale in opportunities such as continuation flags . Aiming for the bottom of the structure if we get a break of its bigger ascending trend that it is currently in to confirm Further Bearish Movement.
GBP/JPY 1HR LONG Daily candle is bullsih. The price could fill the Daily wick to the left. However, making retracements before filling the wick.
4HR formed some kind of resistance. The candles formed support and testing the resistance again.
1HR, the candle above the range. candle went up but came down and might close back in the range making it a fake out.
In 30m, price broke the previous high. Now, its making a pullback. price has been rejected a few times from the range. Will be looking for a Buy option if a support is formed here with a strong bullish candle.
Or it could could go even lower to the 1HR zone. Will be looking for a support to be formed there if the price went to that level.
Any feedback is welcomed :)
The most perfect entry in short: Euro/Sterling PoundI'm happy to identify anohter perfect entry in short for Euro/Sterling Pound. And it's in H1 timeframe, it's a 2nd entry in short wiht objective to find down 130 pips and another 160 pips itssequal near of 300 pips if you operate with 0.01 lots, but in my case as I was earning, I operate with 0.02 lots. This is a huge signal to short position in this par
Now, in H1 timeframe we have a Bullish Butterfly, but not bullish in H1 timeframe, because the price is arrive at 0.50% of Fibonacci to entry in short position in this armonic patterns.
Also, I make a break even in my first operation to 0 pips, I do not loss and not earn, but 0 pips is without earns and without loss, to proteted my position and open up my second position in this par in short
Well, this is a good singal to making a short
But if you see the H4 timeframe, we are making a pull back in this timeframe, and the objective is so bearish, so in the next par I will going with 44 pips in profit in this par in my first operation with near of $10 USD earning in my first operation operate 0.02 lots
As we look in EUR/USD, the par EUR/GBP is bearish too, all pars in EUR we could to found out in sell about the surgement of the US Dollar,
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Now, I share with you my fundamentals of this par and what we see:
1. GBP/EUR exchange rate forecast: Sobering GDP figures to drive collapse in the pound?
2. GBP/EUR exchange rate muted ahead of key GDP release
3. Grim UK GDP figures to reverse pound in the recent rally soon
4. While te pound has found room to a recent weeks, there is a major risk of Sterling relianishing a good portion of these gains this week on the back of some sobering GDP estimate for the second quarter will report that the UK economy suffered a record contraction, with growth shrinkg over 20% and plumging the country into a deep recession
5. The UK dramatic slump in comparasion with its perer looks to have driven by the government delayed lockdown announcement, which in turn have led to a later lifting of restrictions and reopening economy in UK.
6. While of that, Bank of England recently ravised its growth forecast for 2020 up from -14% to -9.5% analysts believe there is limited chance for a V-shaped recovery, given that coronavirus risks still remain.
7. Garry Yound, deputy director of the National Institute of Economic and Social Research said that: "A rapid V-shaped recovery is a possible outcome still, but all the risks seem to be to the down side. If we get another wave of the virus and have to do more widespread lockdowns, that's going to know the economy off that V-path.
Well, in conclusion, we have bad as good news and we always need to monitored this par becuase the relationship between the United Kingdom and European Union is so go to hand to hand to trade their future of Europe. As this par is sensitive this par the only move is based the fundamentals, for now, the only expectative for short term waht we see is that GBP is cooming to strenghten agains the all par, specially in EUR/GBP.
GBPAUD Bullish Pattern indicates Higher PriceGBPAUD is in uptrend and a bullish pattern formed which indicates upside movement. next resistance level is 1.8450 and 1.8870
EURUSD Forex Trade Analysis by WAVE FX Academy (UPDATE)Hi Traders, here is my analysis for EURUSD
We should start to see some strength coming in the dollar as the market starts to rally from its 6week sell off.
The market however is still showing signs of maintaining its uptrend from a 4Hr perspective as price as continuously respect its trend support and retesting the weekly highs.
This is due to the Euro still heavily bid. I will be expecting a slight moving back to the upside based on the market structure, however, I will be looking for signs from price action to take advantage of any selling opportunities.
I've labeled the areas based on what I will be anticipating.
Like and Comment your thoughts . All feedbacks are welcomed.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
NZDUSD BEARISHNZDUSD : Was originally looking for third touch in bigger structure however we created a three touch structure on the 1 hour time frame. Bigger structure had a corrective break, as well as a break of that smaller correction as well. Many confluences to this Pair leaning towards a very bearish outlook. Aiming for the bottom of the bigger structure.
eurusd long trade idea Hello Traders,
Similar toward my previous analyst on AUDUSD. The seasonal on this pair remain bias is bullish and form ascending channels. I consider seeing the price behavior to go long by taking further confluences.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
audusd long trade ideaHello Traders,
The seasonal on this pair remain bias and form ascending channels. I consider seeing the price behavior to go long by taking further confluences.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
USDCAD Consolidating Waiting To DropUSDCAD is currently in a descending channel. Nearing the top of its trend line if we see a rejection we could be seeing price falling next week. However if price breaks higher you could look for a Bearish Flag for confirmation of higher moves to the upside.
AUDNZD ShortPrice is currently within a ranging channel and formed an ascending channel towards the resistance level. Expecting a bearish reversal from this pair as it completes the wave E as well.
gbpnzd long trade ideaHello Traders,
After breaking the ranges to upward by impulsive candle, we could see that we have more room to fill up for the bullish continuation. However, I would wait until the price test through the ranges as the last attempt that seller pressure is off and the recent support remains solid.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
audchf short trade ideaHello Traders,
We could see the price has been move within the descending channel and the Bias on this pair is forming a bearish trend. I would consider picking up this idea if the candle are respecting the zones as recent minor resistance.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
euraud short trade ideaHello Traders,
In order to see downtrend continuation appear, I would wait for the price to test the zones as the last attempt for evidence that the buyer is off and the recent minor resistance is solid.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
nzdusd long trade ideaHello Traders,
In order to see a further continuation, I would wait until the price is respecting the recent support and test it as the last attempt for evidence that the seller is off by closed above the zones with the recent support is solid.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
GBP/JPY 30M Short 2nd and final trade for the day. Manged to secured 10pips. However, the original 30pips was hit,
GBPJPY READY TO FALLGBP/JPY is currently in an ascending channel nearing a double top. Anticipating price to make a third touch past the double top catching people on the wrong side of the market. Most Support & Resistance traders will see price pass its double top and will be ready to look for any Long positions off the retest. Waiting for price to slow down and consolidate near its third touch. Waiting for confirmation later this week with rejections and clean price action confirmations.
Overview: Bitcoin to mid-term and long termHello guys, in this technical analysis we see taht Bitcoin make a rejection of the price in the zone of $12,000 USD, because I have a explain of it.
In weekly timeframe, we see that Bitcoin have in the pass a important weekly zone and then, looking in the higher zone of Summer of 2019 Bitcoin is reaching in the zone of 12k and 13k, that zone are higher resistance to reach above of 14k.
And remember that in weekly the expectative is so bullish until near of $28,000 USD
Now, guys, if you're a Bitcoin holder, I can to say you or if you make a trading in Daily timeframe, in this overview, we coud to enfocous more what Bitcoin do. So, I believe that Bitcoin need to reach at $10,400 USD to validated this support zone, if Bitcoin get it to validated this support, easily, there are a possible boughts in hte lower zone of $10,400 USD.But more important is that Bitcoin is in the 0.382% of Fibonacci, for then, we need to check in H4 and H1 timefame in short term what Bitcoin make.
This is an overview of what we see a Bitcoi, and also, I show you the Fibonacci targets, I represent for you 5 targets to reach it using the Fibonacci trend. So, in more later I will going to you to bring a technical analysis in H4 and H1 timeframe to see waht Bitcoin do if there are any short position or long in the confluence in the 0.382% of Fibonacci
So, guys, I will going in long while Daily, because we see another opportunity to put in longs in Daily, that is the key of trend.
USDJPY Bearish USDJPY is currently in a Bearish Descending Channel. Looking for bullish momentum to slow down and consolidate towards the top of the channel. Personally looking for either an ascending channel , or break of any consolidation at the top of the structure + any Rejections. The more confluences the better. However if Bullish momentum does not slow down and we see a break + a Bearish Flag we could see price push higher (111.70).
P.S. Follow for more Price Action Analysis :)
AUDUSD Ascending Channel Previously had took a 1% loss on an entry yesterday, Price found support & began to make an impulsive bullish move. On the smaller time frames Consolidation followed at the top of the trend-line. A rejection as well as the break of its consolidation made it valid for another Re-entry. Aiming for bottom of the structure continuing into Next week.
