USD/CAD BUY ON THE OB AND FIBO There its a perfect entry on one level of fibonacci that its over there with an orderblock in H4 where the price can go all the way to the ipside and convined with the financial news that we will have all the week we can make it a nother confirmation. Longby hcarbajal121
EURCAD bearish reversalEURCAD bearish divergence rising wedge EP below last HL SL above HHShortby fay_pasai112
NzdCad Trade IdeaNC is in a solid range with clean structures within the level. Price at the moment is bullish in the range. NC just made a higher high just above resistance but if price can break the bullish structure and come back inside the range shorts may be possible here. Since it's on the range the retest may not happen so I won't be too focused on the pair. Risk:reward would still be solid so we'll see how price moves. Shortby OfficialJ23221
NZD/USD Will Melt Soon Be Ready For That i explain in the video the full analysis of this pair as the price is approaching the trend line and the fib level Short00:54by Forex_Wealth_Factory4
AUDUSD: Short Trading Opportunity AUDUSD - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell AUDUSD Entry - 0.6757 Stop - 0.6781 Take - 0.6712 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals222
trend & start of impulsive move followinggood day traders, let's take a look at this chart. We can see that the market is in a down trend after it broke out of support and ending the range(Purple rectangle), We should be expecting sells now that the price has reached the dynamic resistance and if the 1H candle stick closes below the dynamic resistance we should look for sells as that is the confirmation of bears taking over the market remember- always wait for a candlestick confirmation before enteringShortby StarleXtheTrader111
[AUDUSD] Short Swing TradeWas looking for a short entry of this forex devise and here is my signal. I want to see the price reaching the last low and potentially break through it for more down side move. Great trade !Shortby ArnoSG8
2024/09/17 - NZDUSD - 123Short NZDUSD on 123 pattern Trendline break divergence Horizontal Support/Resistance, Diagonal Support/Resistance ended up being stopped out by a hairShortby Johnny_Gunns1
GBPNZD: Bearish Continuation & Short Signal GBPNZD - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short GBPNZD Entry - 2.1287 Sl - 2.1343 Tp - 2.1183 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals112
EURUSD: Will Start Falling! Here is Why: Balance of buyers and sellers on the EURUSD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals113
GBPJPY Weekly Chart: A Strong Support Zone in PlayIn the world of forex trading, the GBPJPY pair has been a fascinating one to watch. Over the past four years, we’ve seen significant price movements, but one thing has remained consistent: the trendline drawn from the lowest price points on the weekly chart. This trendline has acted as a robust support level, and it appears that we might see it come into play once again. Chart Analysis: The weekly chart of GBPJPY shows a clear trendline connecting the lowest price points over the last four years. This trendline has been respected multiple times, indicating its strength as a support level. Currently, the price is approaching this trendline, and traders are watching closely to see if it will act as support once again. Key Observations: Historical Support: The trendline has provided support on several occasions, leading to significant price bounces. Current Price Action: The price is nearing the trendline, suggesting a potential bounce if the trendline holds. Volume Analysis: Recent volume bars show increased trading activity, indicating heightened interest as the price approaches this key level. Trading Strategy: For traders looking to capitalize on this potential support zone, it might be wise to wait for confirmation of a bounce before entering a long position. This could be in the form of a bullish candlestick pattern or a significant increase in buying volume. Conclusion: The GBPJPY weekly chart is presenting a compelling case for a potential bounce off a well-respected trendline. As always, traders should use proper risk management and wait for confirmation before making any trading decisions.by stocktechbot1
GBPCHF What Next? SELL! My dear subscribers, My technical analysis for GBPCHF is below: The price is coiling around a solid key level - 1.1152 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.1115 My Stop Loss - 1.1178 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK Shortby AnabelSignals112
AudUsd Trade IdeaAU on the daily time frame ended up shifting structure and is now bearish. With the daily last lower high being at 0.67600 we are still considered bearish which is why I'm looking for possible shorts at this level of resistance. If price can break the bullish structures at THIS level then shorts will definitely be my priority on this pair. Price is even wicking the last lower high at 0.67690 so if the daily candle can maintain below resistance we should be in the clear. We'll see what happens. Shortby OfficialJ233
AUDCAD Will Fall! Short! Take a look at our analysis for AUDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.918. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.915 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider112
Head & ShouldersHello traders this is my head and shoulders back test I usually back test my strategies every 3-6 months because they usually change and I often adjust them. This back test is based on Major pairs only from 2023-2024 For my head and shoulders strategy to be effective I will be implementing a few rules: For TP Hit I will measure if the head and shoulders went as far as the height from the right shoulder to the neck. I will not be including trades such as these .where the breakout was due to high impact news. I will only be taking head and shoulders with a horizontal neckline only I will be focusing on 1h tf The ones I wouldn’t take in real trading: Here are some of the trades that I wouldn’t take in my real trading, some of these trades have a tilted neckline while some have a wrong shoulder to head ratio. Fake out: TP hit: SL HIT: Conclusion: Head and shoulders when paired with trend lines: When I paired my head and shoulder with trend line breakout it has proven to be very powerful. Ranging markets: This strategy is a reversal strategy so it doesn’t work well when we have ranging markets even the head and shoulders indicator is having trouble identifying head and shoulders. The strategy does not perform well in NZDUSD Because it ranges quite a lot which indicates that this strategy can not be used on weak forex pairs such as EURGBP. The minimum number of trades considered to be a good back test can be 100 to 200 trades my back test is way below the recommended mark. There are certain key points to note: I used data from 2023 to 2024 only I back tested only Major forex pairs I used only Head and shoulders that broke not the ones that failed to even breakout eg: approximate win rate 58% by Linkhive0011
GbpUsd Trade IdeaGU on the higher time frame not only broke bearish structures but also flipped right at a daily resistance turning it into support. With market structure shifting at a level we could expect to continue heading to the upside. I"ll personally be waiting on price to go bullish on the 1hr time frame before looking to go long for a possible 1:3rr. Targets would be just around 1.32500 IF I get my confirmations. I'll only be looking to short this pair once and if price breaks and retests the last higher low being at 1.31200. At that point we would have another structure flip but to the downside. Weekly time frame is extremely bullish just above the daily resistance so longs will be my priority for this pair. Longby OfficialJ235
EurJpy Trade IdeaPersonally just went long on EJ for a 1:3rr. Price gave a solid flip on the 1hr. EJ is still in an overall range so I'll be targeting just below a resistance level. With price respecting a daily support level we may even expect price to eventually break back above 157.423. Longby OfficialJ23Updated 112
EURAUD Massive Long! BUY! My dear friends, EURAUD looks like it will make a good move, and here are the details: The market is trading on 1.6445 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear Bullish signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.6507 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK Longby AnabelSignals223
GBPUSD NEW OUTLOOK!Flexibility is imperative in trading, therefore, I am no longer bearish on this pair. I am seeing this massive bullish flag and inverted head and shoulder. Allow price to reach support trend line and buy all the way to 1.34. Things are not looking good for the dollar, delusion aside. Longby Technical_AnalystZAR1
Canadian CPI Inflation Slows to 2.0% in AugustInflationary pressures in Canada continued to subside in August, underpinning the possibility of more policy easing this year. According to a report released by Statistics Canada (StatCan) earlier today, headline CPI inflation (Consumer Price Index) cooled to +2.0% in August (YoY), down from +2.5% in July and south of economists’ expectations of +2.1%. This marks the first time since February 2021 that the headline inflation rate has hit the Bank of Canada’s (BoC) 2.0% inflation target and highlights the eighth consecutive month that headline inflation has remained within the central bank’s inflation band of 1-3%. StatCan noted that the deceleration in inflation for August was ‘due, in part, to lower gasoline prices, due to a combination of lower prices and a base-year effect’. Headline CPI inflation dropped -0.2% between July and August, defying the market’s median estimate of a flat reading and below the +0.4% previous print. The BoC’s preferred measures of inflation also continued to slow in August. The CPI Median rose +2.3% from +2.4% in July (consensus: +2.2%), while the CPI Trim measure rose +2.4% from +2.7% in July (consensus: +2.5%). Therefore, the average pace of inflation between these two measures is +2.35%, down from +2.55 in July. Additionally, the CPI Common measure was lower in August at +2.0%, down from +2.2% in July. 25 or 50? The BoC next meets on 23 October, where markets are fully pricing in the possibility of another rate cut. Following the release of inflation data, OIS traders (Overnight Index Swaps) are pricing in 39 basis points of cuts for next month’s meeting, with 75 basis points of easing for the year. At current levels, whether the BoC opts for a 25 or 50 basis point reduction in October is essentially a coin toss. The central bank cut rates for a third consecutive meeting in September and signalled that further rate cuts are on the table. The latest rate cut brought the Overnight Rate to 4.25%. USD/CAD Resistance Longer-term price action has remained rangebound between monthly support at C$1.3244 and resistance coming in from C$1.3818 since late 2022. As you can see from the monthly chart, price faded range resistance in August, and follow-through downside has so far been limited. Areas of support and resistance beyond the current range reside at C$1.2975 and C$1.4066. Across the page on the daily chart, support entered the fray at C$1.3443 – some technical analysts will refer to this base as a Quasimodo support level. The reaction from the base was strong and eventually saw the currency pair shake hands with resistance at 1.3609, a level boasting strong historical significance and one which has proven to be a difficult barrier to overcome. However, having seen the Relative Strength Index (RSI) nudge back above its 50.00 centreline (positive momentum), a break higher could be on the cards, with buyers targeting neighbouring daily resistance at C$1.3661. Longby FPMarkets1
Usdjpy 1:3 risk reward ratio done i share this idea in previous.Usdjpy 1:3 risk reward ratio done i share this idea in previous. i take a trade in this pair and booked some profit i didn't reccomend any to take my trade because if my analyze goes in my favour then people like and if my TRADE IDEA GO AGAINST then some people say - if you don't know hoe to trade then why you post it , that's why i'm not going to share any trade that anyone can enter on trade and blame me .....Longby ANKITANAND07226
EURJPY | 16.09.2024SEEL 156.500 | STOP 157.300 | TAKE 155.500 | The instrument continues to move down. It is recommended to open short positions at the current price of 156.500 with a target at the level of previous lows of 155.500-190.Shortby ProPhiTradeUpdated 2
EURUSD SELL ANAYSIS RISING WEDGE PATTERNHere on EURUSD price has form rising wedge pattern and was able to break line 1.11240 which means that chances of falling is very big so going for SHORT is needed with targeting profit of 1.10176 . So is important to use money management .Shortby FrankFx142