USD JPY tapped into the strong resistance and watch the video to understand how to trade it
With the recent surge in cocoa prices, we’ve observed the completion of the white wave d as forecasted in our primary scenario. Given this development, our projections suggest an impending decline characterized by a magenta five-part wave, targeting $2900. Nonetheless, it's essential to consider a 40% probability that the price might reach a slightly higher peak...
On AUD/USD, we have a bearish setup with a trendline that was breached this morning with a simple TOUCH, the third one. The market indeed used it as a resistance, precisely retracing to the 61 Fibonacci level. Now, I anticipate a short position with a target at 0.6360. Happy trading, everyone.
Goodmorning Traders, In this analysis, I am observing that gold is showing signs of weakness. This is indicated by a bearish channel originating from the 1980 level. Furthermore, I see evidence of decreasing swing highs and swing lows. Additionally, we have finally received confirmation of the break of the swing low, followed by a re-test of the midline of the...
I entered a short position on CAD/JPY following a strong confirmation signal around 107, where there is a Forex48 block, indicating a potential reversal zone for a short trade. I used this zone as my entry point just before the UK and US data releases. Currently, the trade is at breakeven after a strong impulse that almost hit my take profit. Please share your...
On the EURAUD currency pair, we have a bearish setup today with the price retracing to the 61% Fibonacci level. This occurs within a fair value gap, confirmed by the M15 and H1 timeframes, and inside a supply zone with volumes in H1 pushing the price down. The target is located in the 1.6163 area. However, the trade carries a certain risk as important economic...
Gbpnzd supply trade Target is next key level to the downside.
The AUD/USD pair is showing a strong recovery after a minor correction near 0.6840 during the European session. Investors eagerly await the release of the Reserve Bank of Australia (RBA) minutes and the interest rate decision by the People's Bank of China (PBoC). Meanwhile, caution prevails as S&P500 futures recorded losses in Asia due to an extended weekend in...
Ladies and Gentelmen, Here I present you a short Trade from the supply level We need to wait for the pair To go a bit higher so this Will be a limit order. The details are below: Entry Limit: 98.000 Stop Loss: 98.713 Target: 96.500 ❤️Please, support our work with like & comment!❤️
On GBPUSD, we have a bearish setup after the news on the dollar and the possibility of a debt ceiling bailout. We have a price that, after forming a demand zone at 1.23200, rose towards 1.2440 where we have a supply zone with a highlighted short setup in blue. I will be looking for an entry point there. Let me know what you think. Happy trading to everyone.
TRADE OF THE DAY | COTI | Looking like an easy 8.2% Short | TARGETS ON THE CHART | Not a crazy complex trade set up here a key rejection from the 20 Daily EMA along with a strong bearish divergence showing with a conservative target to the most recent strong support. Fortunately the Stop lines up nicely with the most recent swing high too for a 1:1 R:R.
On this, we have a bearish setup that overnight created a zone of interest for a short trade within a supply area around 1.9960. The objective is to wait for a bounce in that highlighted yellow zone and then enter a short trade with a target of 1.98. Pay close attention, as after days of congestion, the market seems to be showing some momentum. Let me know what...
| Don't Forget To Hit Follow To Never Miss An Idea | | Please Support By Giving This Idea a Boost | #KLAY | Short | Idea Entry conditions | Bearish Signal | Broken down on range | Rejected from 20 Daily EMA | Untested Weekly Pivot - Beware | Lost Key Support | Lost Key support and trenline on CVD
#KAVAUSDT | Short | Trade Set-Up | Don't Forget To Hit Follow To Never Miss An Idea | | Please Support By Giving This Idea a Boost | Entry Conditions | Bearish Signal | Watch out for untested weekly pivot | Breakdown on key support and retested | Retraced nicely for a better entry | Bearish Divergence | Broken CVD Trenline & Support
#MINAUSDT | Short | Trade Set-Up | Don't Forget To Hit Follow To Never Miss An Idea | | Please Support By Giving This Idea a Boost | Entry Conditions | Bearish Signal | Beware of untested weekly pivot | Key breakdown on support | Trendline & Support CVD Breakdown | Oversold so retrace expected
#GALAUSDT | Short | Trade Set-Up | Video | Don't Forget To Hit Follow To Never Miss An Idea | | Please Support By Giving This Idea a Boost | Entry Conditions | Bearish Indicator Signal | Concern over the untested weekly pivot for a retrace x 2 | Broken Key Support | Broken multiple CVD supports
#GALAUSDT | Short | Trade Set-Up | Don't Forget To Hit Follow To Never Miss An Idea | | Please Support By Giving This Idea a Boost | Entry Conditions | Bearish Indicator Signal | Concern over the untested weekly pivot for a retrace x 2 | Broken Key Support | Broken multiple CVD supports
| Don't Forget To Hit Follow To Never Miss An Idea | | Please Support By Giving This Idea a Boost | #XRPUSDT | Short | Trade Set-Up Entry Conditions | Watch out for the 200 Daily EMA support | Bearish Signal | Broken the 50 Daily EMA and retested and reject from the 20 Daily EMA | Broken down on key trendline line and market structure | Broken down on CVD trendline