Technical
Currencies are Rubber Bands - That is Why Bollinger Bands WorkIn the heat of the moment, when big news such as the optimism of over the US debt ceiling and US rate hike causes big bullish move in the USD, we tend to extrapolate that currencies will go in one direction. However, the truth is that currencies are like rubber bands. When it hits either bands, we should expect the currency to rebound back
EURUSD(H4) SHORT...IS EURUSD(H4) GOING DOWN?!
as we can see, EURUSD breaks H4 upward channel and Range box either...
this is a low risk position that i recommend u to open..
APPL Wave AnalysisI included the text analysis in the chart.
Short term LONG potential for APPL.
We are still in a correction. Depending on how it evolves, we can take future actions.
LONG beyond the marked price level or SHORT if the price doesn't go past the marked level.
If you agree with this idea, please consider sharing it with others. Thank you.
Disclaimer: Technical analysis is for informational purposes only and should not be construed as financial advice. Trading decisions based on technical analysis are the sole responsibility of the individual trader.
GBPUSDGBPUSD at resistance if can't break can drop to support area's 1.25468 - 1.24428
if can break resistance can rise to next resistance at 1.27002 - 1.29884
DXYDXY in critical area if can break demand zone can drop to support zone at 99.309
if can't break demand zone can rise again and tested trend line if can break trend line can rise to fvg area at 103.538
BluetonaFX - GBPUSD Trade IdeaHi Traders!
We have a bearish price channel set up here, there is currently a bearish bias as we had a previous double top around the 1.25156 area, there was then a momentum push to the upside to break the double top. We then had resistance at the 1.25845 level and we are now back in the range to possibly push to the downside, we must close outside the price channel, if we do we will target the 1.24364 support level with a possible further push down.
We will continue to keep a close eye on this one and will alert you of further potential opportunities to come.
Thank you for your support!
BluetonaFX
GOLD My analysis on gold is to the upside, 2046 in view in the next couple of days, their is a bounce at the support level at 1979, but if break the support level the next level of support is 1947
EURUSD 28/04/2023 UPDATEHi Traders!
Our Trading idea earlier today hit the 1.09641 support level and rallied to the upside back into the range, possibly targeting the top of the channel.
More opportunities and setups to come, we will continue to keep you posted!
Thank you for your support!
BluetonaFX
EURUSD 25/04/2023 UPDATEHi Traders!
Our EURUSD idea on the 25/04/2023 was absolutely smashed, which resulted in a fantastic risk to reward setup. We reached the price target of 1.10760 before retracing around the 1.0956 level which is the now the new resistance.
There was a further push to the downside and we are now ranging looking for direction, trading opportunities will come soon and will post as soon we find any. Make sure you stay tuned!
As always, your support is greatly appreciated!
BluetonaFX
USDJPY 26/04/2023 UPDATE Hi Traders!
We hit the 133.200 price target on the bearish trading idea on 26/04/2023.
There was a further push to the downside before bouncing off support near the 133.000 level with opportunities for other entries in the near future.
Please remember to follow, like and comment, there will be plenty more to come from us over the next few weeks - your support is greatly appreciated!
BluetonaFX
GOLD - It's way to 1993If you're looking to buy, this is the perfect time to consider. Use proper risk management.
Disclaimer:
Before engaging in any Forex trading activity, it is important to understand that Forex trading carries a high level of risk and may not be suitable for all investors. The foreign exchange market is a highly volatile and unpredictable market that can result in significant losses as well as gains.
TSLA #tesla Buytesla looks well positioned to go higher from here. Downside HKEX:120 upside $275 by Year End.
BluetonaFX - USDJPY 1H Chart Trade IdeaHi Traders!
We currently have a bearish channel with potential target of 133.200 we must have a momentum break and close of the 133.399 level to see this.
Bearish bias is also shown in the price action with lower highs and lower lows.
Please remember to follow, like and comment, there will be plenty more to come from us over the next few weeks - your support is greatly appreciated!
BluetonaFX
2.5x NEO Summer Bull RunJust ran the fib tool on the weekly time-frame, saw a potential bull run this summer with a target of $26.
EUBUND just Broke an important Resistance level Hello Traders
Euro Bund just broke a resistance level on the 15 min timeframe there is big change it's going to continue going up, so there is a big opportunity for buyers i the short term ,
BluetonaFX - EURUSD 1H Chart Trade IdeaHi Traders!
We had a breakout of the short term resistance level of 1.10004 which then led to a pullback around the 1.10671 level as the market tried to re-test the main resistance level of 1.10760 which made a double top formation.
If the market stays below 1.10671 we are likely to see a re-test of 1.10004 as support with the 100 moving average also near that level at 1.09983, any breaks above 1.10671 we are likely to see another re-test of the main resistance at 1.10760 and if that breaks, there is potential of a further push to the 1.11000 level.
Please don't forget follow, like and comment, there will be plenty more to come from us over the next few days and weeks - your support is greatly appreciated!
BluetonaFX
IMXUSDTIMXUSDT currently at strong reaction region of value. In past this region has acted like a strong support and now acting like a strong resistance.
Will IMX respect this area and show some bearish continuation.?
Gold - Long term short?Aiming for the 1960 area in the coming weeks, mainly taking advantage of short opportunities. Use proper risk management, your comments, suggestions, and thoughts are welcome. Happy trading
GBPJPYAfter getting almost 14R yesterday with the short position on GJ, I have no problem taking a long position risking 2% on this trade.
As you can see the Demand area marked up with the green box, we will wait for the liquidity to be taken out and we enter scaling the position to a 7 R potential win.
Trade safe,
Cheers
Europeanbulls
W9-19 AUDCHF BULLISH IDEA(BULLISH HARMONICS PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern and coupled with bullish divergence at potential reversal zone (PZR)
Entry at hh on the basis of harmonic reversal pattern
SL & TP Levels are defined.
GBPJPYHere is the short position GJ
Please scale down to 1 minute chart to understand better.
trade safe
Europeanbulls
