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Possible breakout push on Durable GoodsSeeing a quick rebound from the interest rate, I think the euro will continue its momentum thru the holiday season week ahead. Durable goods will be an important catalyst in this idea, for the euro to breakout the current downtrend, driven by economic uncertainty for the euro overall to see possible higher highs. I’m not getting comfortable with the euro, but it’s historically a decent week for a breakout. First published idea, any thoughts? Please share, newer trader.
Long
by Whale_Food
2
My Best analysis The chart shows a technical analysis of USD/JPY on the daily timeframe. The key observations include: 1. Resistance Zone (Grey Box): The price is currently near a strong resistance zone around 156.3, which has previously acted as a barrier. 2. Potential Downtrend: The chart illustrates a bearish scenario with a zigzag decline after breaking the support levels at 154.3, 151.9, and 149.6. 3. Support Zone (Pink Box): The area around 148.0 could act as a strong support zone in the longer term. This analysis suggests a potential sell-off in the coming days if resistance holds. However, market dynamics and fundamentals should also be considered
by LunaTrader_SingnalsProvider
Russia after peace: an idea for a moral tradeIf you do forex, there is huge speculation going on against Russia since the Pluto transit occurred. The barbaric world of speculation is currently betting on the total collapse of the Ruble, which has lost yet another key level since the November 22 attacks. The attacks that followed the Ukraine bombing of Russia in Nov 18. A Russian collapse means a single thing: Nuclear holocaust, which is why it won't happen. And if it does, then money will be the last of your problems. A long here with a tp at 0.9060 and 0.9534 was a free trade I gave on other platforms. A long for the Ruble if the current 0.95 level holds can lead to higher targets in the mentioned dates. It would be both a smart and morally correct thing to do, in order to fight in GME style those reckless speculators.
Long
by saturnv4
GBP/USD Long/Short ScenariosThis are the scenarios I will be following in the incoming 2-4 of weeks. GU has touched the 1.2500 support level for the second time in the last 30 days. 1.2500 it's an important level for the pair, as if it breaks down the next target level is the 8 months old 1.2300 level which is also the 100% retracement from the previous HL/HH. Scenario 1 Lon g: I will be looking to buy at successful break of 1.2800 and EMA100 + Candle patterns and a catalyst to confirm the move. I will be targeting 1.3000 and 1.3300 Stop loss around 1.2750 Scenario 2 Short: For the short scenario I will wait to see the price coming back and re-test the 1.2500 level before I look for an entry. Take profit 1 will be at 1.2300, Take profit 2 (14 months old low) 1.2000 And Stop Loss just above 1.2500 I will also use the same targets and levels for Day Trading I hope you find this information useful and feedback is welcome. Merry Christmas and Happy New Year
by Don_Bob
AUDUSD: Price at Extreme Zone – Awaiting ReactionWelcome back! Let me know your thoughts in the comments! ** AUDUSD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Long
by OGT_Forex