Navigating GBP/JPY with Care and Confidence this weekA promising setup for GBP/JPY this week would be to closely monitor the potential supply levels around and keep an eye on any bearish confirmation forming in that region. Additionally, watching for any negative news releases or economic data related to both the British pound and Japanese yen could provide valuable insights into potential price movements. Remember to incorporate risk management strategies and stay adaptable to market conditions throughout the week.
Supply Zone
NZDJPY VS NZDUSD📈💹 Expert Level Trade Ideas: New Zealand Yen and New Zealand Dollar!
🇳🇿🇯🇵 On New Zealand Yen, we have an overall uptrend movement. Daily chart shows a bit of pullback. Four-hour chart indicates increased volatility with new lows and highs. One-hour chart has a retest of previous support level with a bit of RSI divergence.
🔍 Trading Strategy: Hidden trading opportunities within this chart can be spotted if you know the trading rules. Scan the QR code to learn more and share your findings in our traders cafe.
📈 Weekly Chart: Bearish shark pattern already in play, running at 188 pips. Buying opportunity at 5-0 pattern, 84.36 level.
📊 Daily Chart: Bullish bat pattern presents a buying opportunity at 84.25 completion zone.
📉 Four-Hour Chart: Use the staircase trading strategy. Wait for a pullback at 86.91 for a short or a breakout trade below 86.38 to chase the bearish movement. First target at 85.36.
⏰ One-Hour Chart: Similar situation, no need to repeat.
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Gold Med-Long term Outlook with SnD Here is my current outlook on the potential Supply and Demand aftermath of today's grab of 1925 Institutional Orders on news release.
It does seem to me buyers are still heavily in control and are looking to fill out more bids higher up from 1925.
This would mean looking to target BEYOND 1987's now filled and confirmed weak supply ...
SPY with a Classic RestestTraders,
In my last post I alluded to SPY. I stated that it remained in breakout territory which is still true today. I stated that as long as we remain above 450, I remain bullish. Still true. In fact, all that has happened here is that we have a classic retest of previous resistance taking place currently. If we break below, another story may unfold and I will have to re-assess. But as of this post, 450 is holding strong and the retest (if it holds) is yet another rather bullish signal.
Stay tuned,
Stew
GBPAUD I Previous break of resistance and return to structureWelcome back! Let me know your thoughts in the comments!
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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CHFJPY - Wait For The Bears ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on H4: Left Chart
As per my last analysis (attached on the chart), CHFJPY rejected our 158.5 support and traded higher.
Now CHFJPY is sitting around a strong supply zone so we will be looking for sell setups on lower timeframes.
on M30: Right Chart
CHFJPY is forming a potential double top pattern but it is not ready to go yet.
For the bears to take over, we need a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, CHFJPY would be overall bullish and can still trade higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Sol-nited we stand, Sol-vided we bounce Solana has been undergoing a phase of profit taking causing price to retreat toward this support, after the run up this year.
The run so far, for those who bought the absolute bottom at $8, amounts to a 297% gain, over the past 7 months.
I am watching to see how this support zone holds up and keeping in mind the cloud is forecasting a steep sell off.
Price Action often touches the cloud during a kumo twist. ☁️ 🪢
As always, trade safe!
BTC - Memenalysis ContinuedI could tell you about volume, and shelves, lines, support/resistance, distribution, candle patterns, and
You get it. You don't want that.
I know what you want.
Keep it simple
Exhibit 1 - Look at that s#$t!
Exhibit 2 - Pretty sus' bruv
Exhibit 3 - Lmao tf is happening?
Exhibit 4 - You already know what to do
🧠
US 30 SHORT IDEA Tempted to go short at current market price as it is in a supply zone BUT the understanding of premium and discount ranges prohibits me from doing so ..Looks like market is inducing early sellers before going to the supply zone that i indicated in the setup. Patience is key on this one .Tell me what you think in the comments. Thanks
USDJPY - BEARISH MOVE📉Hello Traders!
On The Daily Time Frame, The USDJPY Reached a Strong Resistance Level📈
The Price Failed to Create new Higher High !
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 139.010🎯
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CAD/CHF WAITING FOR SHORT TRADEOn CAD/CHF, we have a bearish setup: there's a trendline supporting the price decline. The price at the level of 0.6540 has broken the low of July 21st, and what I expect is a retest of the break, and if there are operational confirmations, one could consider opening a short position. Personally, I don't have a strategic operation in this exchange. What I see is a truly strong Swiss franc in the last month, with a weak Canadian dollar, which is further amplified by a weak US dollar. This morning, the price broke another demand zone, supporting a bearish view. Tonight, we have the Fed rates, so keep an eye out for potential volatility. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
USD/JPY SHORT SETUP H1 BEFORE FED RATESOn USD/JPY, we have a bearish setup with a trendline holding from the level 141.90. Currently, the price is at 140.70, where it could break the previous minimum before a re-test. If the re-test is confirmed properly, it could give us a clear signal for a short trade with a target at 139.90. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
GBPUSD SHORT H1#1 The supply zone high that led to the BOS.
#2 Possible area for a liquidity sweep.
#3 We are now in the premium of the range.
#4 Targeting 5:1
My previous trade on the M15 did not playout you can see why here -
If we break this strong swing high then my bearish stance will shift.
It won't shift if I only see a liquidity grab on the break of the supply.
TOMOUSDTTOMOUSDT started to get some bullish momentum and reached at important area of value where it is getting rejection from long term bearish trendline and local bullish channel. will these factors put pressure and put tomo to downside ?