W-Bottom Confirmed: Stop Hunt Signals Imminent UpsideOANDA:EURJPY ----> W-bottom formation confirmed with a stop hunt, signaling potential upside momentum. Expecting a bullish move from this level as liquidity is absorbed.
Forex market
EUR-USD Potential Short! Sell!
Hello,Traders!
EUR-USD went up just
As I predicted in my
Previous analysis but
Will soon hit a horizontal
Resistance level of 1.0536
From where we will be
Expecting a local
Bearish correction
Sell!
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AUDUSD - LongAUDUSD is moving is bullish trend with no bearish divergence.
Entry is at retracement at 0.618.
GBPJPYwe have breakout of support and we waiting for retest with a confirmation and we take it short to the next swing low
LR
USDJPY BUY (Weekly View)Based on a current five point wave of trend that has been consistently bound to the last 8 months, this current downtrend leaves breathing room on the retracement of 50% to now extend longer-term higher towards targets of 168 (+50%) on the fib. I would also look at anymore drops on the fib as further buying opportunities if the 50% doesn't hold. Either setup still remains consistent with the uptrend.
Bearish reversal off pullback resistance?The Kiwi (NZD/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 0.5781
1st Support: 0.5743
1st Resistance: 0.5809
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EURUSD long 3.67RR1. Downtrend Reversal: The price was initially in a downtrend, as indicated by the descending trendline.
2. Breakout Confirmation: The price broke above the 1-hour trendline, signaling a potential trend reversal.
3. Buy Limit Strategy: Instead of entering immediately, a buy limit order was placed at a key support zone after the breakout.
4. EMA 21 as Support: The price respected the 21 EMA, confirming bullish momentum.
Strong Bullish Move: After triggering the buy limit, the price surged upwards, resulting in a profitable trade.
5. Risk Management: Stop-loss was placed below a key support zone, minimizing risk while allowing room for price fluctuations.
EUR/USD forex trading chart showing a bullish market analysis.This is a EUR/USD forex trading chart showing a bullish market analysis with projected upward movement.
Key Points:
• Support Levels: 1.04130 - 1.04294 (potential strong buy zone).
• Resistance Levels: 1.05908, 1.07833, and 1.08000 (key targets for buyers).
• Expected Movement:
• Price may stay around 1.045 - 1.059 before pushing towards 1.078.
• A bullish channel is forming, indicating an uptrend continuation.
This analysis suggests long (buy) trade opportunities, especially around 1.045, targeting 1.078 - 1.080 as the next resistance zone.
(Japanese Yen) pair on a 3-hour timeframe. chart showing the analysis of a JPY (Japanese Yen) pair on a 3-hour timeframe. Multiple support and resistance zones are marked with red and blue horizontal lines.
Key Observations:
1. Price Movement: The price is in a downtrend and is reacting at a strong support level (around 189.142).
2. Fibonacci & Zones: The chart seems to incorporate Fibonacci retracement or supply/demand zones for analysis.
3. Indicators & Analysis: No specific indicators are visible, but the analysis appears to be based on price action and market structure.
4. Potential Trade Setup: If the price bounces from this level, a reversal may occur. Otherwise, there’s a chance of further downside continuation.
GBPUSD - 1D - FXCM” on the daily timeframe. GBPUSD - 1D - FXCM” on the daily timeframe. The chart indicates a bullish trend, with price moving inside an ascending channel.
• Current Price: 1.25918
• Support & Resistance Levels:
• Resistance zone is between 1.27714 - 1.28939.
• A support/demand zone is around 1.25313.
• Trade Setup: A potential long trade idea is visible, targeting the blue highlighted resistance zone.
• Indicators: No additional indicators are visible, only price action and support/resistance analysis.
EURGBP LONGDAILY
- big inv hs
- shoulder 2 region
- bullish candle close
- big BM
4 HOUR
- inv hs
WEEKLY
- buy zone
USDJPY - at potential Buy SetupOANDA:USDJPY is nearing a significant support area that has reversed bearish trends into bullish momentum. This support level aligns with prior price reactions and represents a strong foundation for potential upward moves.
If buyers confirm their presence with bullish price action, such as long lower wicks or bullish engulfing candles, I expect the price to go toward 151,100. Also, a break below this support could signal further bearish continuation.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management!
LongUse proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice.
GBPAUD 20/02/2025Weekly:
-Weekly highs.
-H&S pattern.
Daily:
-H&S pattern.
-Bearish W pattern.
-IC.
4H:
-Bearish W pattern.
AUDCAD SellsI will be selling AUDCAD here as it is showing signs of weakness at the resistance. Price should retrace and fall out of that channel towards the monthly support.
AUDUSDAUDUSD,AUD bulls looks to be at work, on the monthly time frame they face immediate supply roof ,if the month closes on break of structure above the current supply roof then AUDUSD will keep its bullish momentum for a long time.
Dollar is confused at the moment because of tariff and trade war with other countries.
Next draw of liquidity: NzdUsd0.58083 is a weekly POI that have been respected before. I'm anticipating price to retest that zone again this week , hence anticipating the news (Existing Home Sales) by 10:00 New York time to push price to my point of interest and rejection kicks in.
Therefore this weekly candle might close with a rejection of that zone and next week would be bearish till we clear this week low 0.56779
I'm anticipating price to also clear previous week low (the monthly low) 0.55164 by next month.
Kindly boost if you find this insightful 🫴
GBPCAD Crash Imminent Patiently waiting for signs here as I am expecting a massive bearish move. This market began the month bearish, but recovered. Soon it will continue its journey down. Once price crosses 1,7920, sell hard.
possible short? higher timeframe looks bearish, its reached a possible order block and looks like a reaction. im still learning so any thoughts would be appreciated
GBPUSD Bullish ContinuationOn the W timeframe, we observe that price is gaining bullish momentum. Price will only pump higher for the rest of this month. 1,34 would be the final target for the bulls
Usdcad longTrend continues. Reversal is almost done. 2 entries. Hit the fibonacci mark or 4 hr ema upwards cross over of 5 and 13
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.900 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.900 support and resistance area.
Trade safe, Joe.
