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USDJPY → Price Struggles at Resistance, Eyes a PullbackHello, my wonderful friends of Ben! Recently, USDJPY has been struggling to maintain its peak around the 154.00 USD level. The bullish momentum of USDJPY has been hindered by several factors, including the ongoing Fed interest rate meeting. Fundamentally, today is a critical day for the market. At 19:00 GMT, the Fed’s interest rate meeting, with a 93% probability of a 0.25% rate cut decision, will take place. This will make the dollar less attractive. If the dollar starts to adjust downward, it will affect the corresponding currency pairs. However, I do not rule out the possibility that, amidst high volatility, the price could form a retest of the resistance level and a false breakout. Personally, Ben expects the price to consolidate below the resistance area around 155.00, with corrective pressure against the trend dominating in the near future. The current support level is around 152.01. If this level is breached, it could lead USDJPY to a deeper decline, potentially reaching 149.37. Best regards, Bentradegold!
Short
by Bentradegold
3
Season's Greetings and Holiday Trading Tips from OakleyJM.As we approach the festive season, I wanted to take a moment to wish all my followers a very Merry Christmas and a prosperous New Year! This time of year brings joy, celebration, and some unique challenges for traders. Here’s a guide to help you navigate the markets during the holidays and set yourself up for success in 2025. Challenges of Holiday Trading Reduced Liquidity: Many traders and institutional investors take time off during the holidays, resulting in lower trading volumes. This can lead to increased volatility and wider bid-ask spreads. Unexpected Volatility: With fewer participants in the market, price movements can be more unpredictable. Sudden news events or economic data releases can cause significant swings. Market Hours and Closures: Different markets may have shortened trading hours or be closed on certain days. It’s essential to know the trading schedules to avoid unexpected interruptions. Year-End Rebalancing: Institutional investors may engage in portfolio rebalancing and tax-loss harvesting, which can lead to unusual market activity. Tips for Trading Over the Holidays Plan Ahead: Be aware of the holiday trading schedules for the markets you’re involved in. Adjust your trading plan to accommodate potential closures and shortened hours. Manage Risk: Given the increased volatility, it’s crucial to manage your risk carefully. Consider using tighter stop-loss orders and reducing position sizes. Stay Informed: Keep up with the latest news and economic data releases, as these can have an outsized impact on low-liquidity markets. Use Limit Orders: To avoid the pitfalls of wider bid-ask spreads, use limit orders to ensure you get the price you want. Focus on Liquidity: Trade assets that are likely to have higher liquidity even during the holidays, such as major currency pairs or blue-chip stocks. Review Your Strategy: The end of the year is a great time to review your trading strategy, analyse your performance, and set goals for the upcoming year. Looking Ahead As we celebrate this festive season, it’s also an excellent time to reflect on the past year and look forward to new opportunities in 2025. The markets may present unique challenges during the holidays, but with careful planning and risk management, you can navigate them successfully. May your holidays be filled with joy, and may the New Year bring you prosperity and successful trading! Warm wishes, OakleyJM.
Education
by OakleyJM
Can we get a close above this area?Hi Traders! Last week into Sunday we GJ had a good push to 197.000 area. Rejected a little bit, but it didn't close below the last low at 196.500. The only way I'd look for a sell is if it started making a reversal breaking structure to the downside (15M). At this moment, I'm looking for price to break above 197.000 with continuation. A break of structure would be past the last higher low at 197.300. If this sets up, TP Target would be in the 200s. Entry: 197.000 TP: 200.000 SL: 196.300 (Adjust depending on your style) *DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Long
by thattradergirl
EUR/USD - Sell Limit Opportunity After Liquidity GrabEUR/USD has cleared liquidity above a key resistance zone, presenting a strategic sell limit setup. This move indicates the market has likely trapped buyers and may reverse downward. Key Observations: Liquidity Sweep: Price spiked above a critical resistance level, triggering stop-losses and trapping breakout buyers. Market Structure: Bearish rejection candles and fading upward momentum suggest a potential reversal. Optimal Entry: A sell limit at aligns with the liquidity grab and anticipated downside move. Trade Plan: Entry: Sell limit at , targeting a reversal from the liquidity zone. Stop Loss: Above the recent liquidity sweep to account for volatility. Take Profit: Targeting support levels around for a favorable risk-reward ratio. Risk Management: This setup leverages the liquidity grab for a high-probability trade, but strict risk management and proper position sizing are essential. Monitor price action for confirmation of bearish momentum.
Short
by Vusizwe_Capital
USD/CAD - Buy Limit Opportunity at Key Liquidity ZoneUSD/CAD has swept liquidity below a significant support level, creating a high-probability buy limit setup. This price action suggests that the market has absorbed selling pressure, signaling a potential bullish reversal from this zone. Key Observations: Liquidity Grab: A dip below a key support level cleared stop-losses, trapping sellers and setting the stage for a bounce. Market Structure: Early signs of bullish rejection and a shift in momentum suggest a recovery is imminent. Optimal Entry: A buy limit at targets the liquidity zone for a potential upward move. Trade Plan: Entry: Buy limit at , anticipating a bounce from the liquidity zone. Stop Loss: Below the recent liquidity sweep to manage risk effectively. Take Profit: Targeting resistance levels around to capture the bullish move. Risk Management: This setup takes advantage of liquidity dynamics for a strategic entry, but disciplined risk management is key. Keep position sizing appropriate and monitor price action for additional confirmation of bullish intent.
Long
by Vusizwe_Capital
EUR/USD Downward Movement to Continue?The EUR/USD pair continues to show bearish potential on the daily timeframe. While Friday's high could be taken as part of a retracement, the overall trend remains bearish. There is a potential move toward the sell-side liquidity (SSL) below, aligning with unmitigated imbalance zones and market structure. Watch for price reaction in and around the Daily FVG level and the Fibonacci retracement zones for a potential bearish setup on the lower timeframes. Trade Safe ;)
Short
by jp7fx
1