Pound still holding the shark, The C wave up into the 12960-130 ( 5-0 pattern completion) area could be nearing the start lets see if we can hold. I'm still looking for the reversal
Forex market
EUR/USD Tests Key Pivot Points Amid Bearish TrendHello,
FX:EURUSD has broken above the 1D resistance level and is now advancing towards the 1W pivot point (PP) for another test. If it successfully crosses and holds above this PP, further upward movement is likely, applying to both the 1W and 1M pivot points. However, it’s important to note that the pair remains in a strong bearish trend overall. Despite this, buyers have taken long positions, viewing the recent low as a potential turning point for an upward move.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EURUSD Waiting for confirmation1. Time Frame:
- Daily: FVG Identification
- H4: FVG Identification
- H1: Entry Signal
2. Fair Value Gap (FVG):
On the H4 chart noted a Fair Value Gap (FVG) between 1.0380 - 1.0466
On the Daily chart also note FVG between 1.0422- 1.0480
3. Trend Confirmation:
Price has break support at 1.0453 with massive net sell volume.
Price has rise back to Daily & H4 FVG area.
4. Position:
Entry: Waiting for confirmation
Stop Loss : 1.0485
Take Profit: 1.0345 & 1.0240 (fibo 161.8 & previous low)
RRR : 1:xx
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Disclaimer
The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
GBPJPYBulish Biasd
1#Dow theory is bulish
2#Bulish hammer at support
3#Fib level 0.618 test
4#parallel channel continuetion
5#beark ressistance 3 strong bulish candle make new high and retrace and showing new HL make bulish hammer .
6#no divergence.
Buy 196.082
Stop loss 193.467
take profit 198.732
RRR 1:1
USD/CHFUSD/CHF - Swing low liquidity swiped & align to higher time frame as well.
Let see how price play out.
USDCAD: HTF DT OPPORTUNITYThis is an UPDATE to the previous analysis.
Read the notes from the previous analysis (see link below)
Due to yesterday's BIG NEWS regarding lower USD interest rates, PA on this pair spiked to the upper Resistance (distal) before showing signs of the DT we anticipated earlier.
HIGH TIMEFRAME DOWNTREND
Pivot High @ 1.46685
Resistance, Major @ 1.4463
Resistance, Major @ 1.4209
SLO2 @ 1.4536 ⏳
SSO1 @ 1.4270 ⏳
SLO1 @ 1.4188 📉
TP1 @ 1.3763
TP2 @ 1.3337
TP3 @ 1.3024
TP4 @ 1.2539
Support, Minor @ 1.33858
Support, Major @ 1.32522
BLO1 @ 1.2422 ⏳
BLO2 @ 1.2140 ⏳
Pivot Low @ 1.2007
Hit 1st TP of 41pipsAs analysed earlier, Price have retreated to previous LH area and my swing trade buy entry target was met at 41pips.
Expect price to hover around this zone a bit and afterwards commence bearish direction to set a new low around previous day's support area
Rising from the Ashes: EURO's Path to RecoveryGood day traders,
Trust we all profited from the FOMC report of yesterday.
Please take a moment to go through my outlook and expectation on Euro in the coming weeks into the new year.
Overview
EUR/USD appears to be rebounding after a sharp decline triggered by yesterday's FOMC report, where the FED delivered a hawkish 25bps cut, which drove higher market-driven borrowing costs, a stronger dollar and a sharp drop in stocks. From the start of the week EURUSD had previously been consolidating, during which weak buyers (traders) were caught off guard by a false breakout to the upside, reaching a weekly high of 1.05342 on Tuesday.
Idea
The subsequent sell-off drove the pair to a four-week low of 1.03439, just above the November 22nd low of 1.03324. This drop aligns with a key Fibonacci reversal pattern under Elliott Wave theory, suggesting the potential for a significant rally. If this pattern holds, EUR/USD could gain approximately 400 pips (1.08150) in the coming weeks, with the recovery likely extending into the new year.
Conclusion
The recent low is expected to act as a firm support level, and a breach of the November low appears unlikely. This anticipated rally could mark the beginning of a period of recovery and optimism for the euro.
Cheers! Merry Christmas and Happy New Year in advance.
USDCAD (4D) HIGH-RISK OPPORTUNITY, DTA Cautious Downtrend Retracement in an Upward Trend
The USDCAD pair is currently experiencing a short-term retracement within a longer-term uptrend. While the overall trend remains bullish, it's important to exercise caution as we approach key support and resistance levels.
Key Levels to Watch:
Pivot High @ 1.4238
Resistance, Major @ 1.4209
SLO2 @ 1.4188 📉
SLO1 @ 1.4087 ⏳
TP1 @ 1.3894
TP2 @ 1.3733
TP3 @ 1.3614
TP4 @ 1.3430
BLO1 @ 1.3386 ⏳, minor support
BLO2 @ 1.3279 ⏳, above major support
Support, Major @ 1.3252
Pivot Low @ 1.32286
Trading Strategy:
Consider buying or taking long positions below 1.3386.
Be aware of the potential for a sharp reversal.
Maintain a bullish bias.
Be prepared to adjust your position based on market developments.
Risk Management:
A tight stop-loss order is crucial to limit potential losses.
Manage your risk by avoiding over-leveraging your positions.
Remember, technical analysis is a valuable tool, but it's not foolproof.
Potential Buy Opportunity on EURCHFReasons I think this pair will rise:
- Daily Trend Line broken
- Price retesting trendline
- RSI was oversold on Daily Chart
- Bullish RSI Divergence
What do you think?
What is your opinion of the government shut down? feel free to share any comments based on what you know about what's going on
A POTENTIAL SELL ON EUR/USDI believe we might see some downward movement on the EUR/USD, the momentum seems to on the selling side and, also its a downtrend retest its more clear on a 1M timeframe,the sellers shot out of a little consolidation and buyers are pushing back up but believe it will sell and reach the target, we will see, FX:EURUSD
GBPJPY - OutlookBUY GBPJPY at discounted price.
1- GBP Index Bullish & JPY Index Bearish
2- GBPJPY Price rejected from 68% Fib with Ascending Trendline support
3- Prominent support at 68% Fib
GBPUSD 1H UPDATE GBPUSD 1H UPDATE
according to my analysis gbpusd going to fly gbpudg going up and up
Now price of GBPUSD 1.26861
Target 1) 1.26353
Target 2) 1.26916
Target 3) 1.27506
Stop 🛑 LOSE 1.25302
My first chart of GBPUSD
Trade with your own risk
GBPJPYWe can attempt to buy GBPJPY from specified level as it make HL , also 0.618 FIB level intact indicate that it moves upward.
SL , TP mention in chart.
BUY SHORT TERM/SELL LONG TERMPrice created LL and LH as it broke previous low.
Expect current pullback to hit previous area of LH to sweep liquidity before making new low. Target most recent low as marked by the arrow.
NZDCHFNZDCHF is in bullish trend.
Bullish divergence also shown in RSI.
Falling wedge reversal pattern also form.
Market sentiment is also bullish .
We buy at CMP.
AUD_NZD LOCAL SHORT|
✅AUD_NZD price went up sharply
But a strong resistance level was hit at 1.1090
Thus, as a pullback is already happening
And a move down towards the target at 1.1047 shall follow
SHORT🔥
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USD-JPY Bullish Bias! Buy!
Hello,Traders!
USD-JPY keeps growing and
The pair made a bullish breakout
Of the key level of 155.900
And is now making a
Retest of the new support
From where we will be
Expecting a further move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
GBPJPY BUY | Idea Trading AnalysisGBPJPY is moving in an UP trend channel, is trading along the rising support
And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at
The chart broke through the dynamic support, which now acts ...
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GBPJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
GBPUSD SELL | Idea Trading AnalysisGBPUSD is moving on support zone and and made a head & shoulder pattern
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
EURCHF Wave Analysis 20 December 2024
- EURCHF falling inside minor impulse wave 5
- Likely to fall to support level 0.9250
EURCHF currency pair continues to fall inside the minor impulse wave 5, which started earlier from the pivotal resistance level 0.9430 (standing well above the upper daily Bollinger Band), which has been reversing the price from the start of October.
The downward reversal from the resistance level 0.9430 created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
Given the overriding daily downtrend and the strongly bullish Swiss franc sentiment seen today, EURCHF currency pair can be expected to fall to the next support level 0.9250, low of the earlier minor correction b.
