Forex market
GBPJPY ShortGBP/JPY - Support Turned Resistance Short Setup
📉 Trade Idea: Short GBP/JPY
Analysis:
The previous support level around 192.05 has now turned into resistance. Price attempted to break above but failed, indicating potential downside pressure. This aligns with a classic support-turned-resistance setup, where sellers step in after a retest.
Trade Plan:
🔹 Entry: Sell at 191.416 (At candle low)
🔹 Stop Loss: Above 191.900 (Body's High)
🔹 Take Profit: 190.448 (2RR)
Additional Confirmation:
🔹 Bearish rejection at resistance
🔹 Momentum shifting lower on lower timeframes
🔹 Potential continuation of the downtrend
EUR/GBP Technical Analysis: Bullish Rebound from Key Support!!Key Observations:
1. Support Zone & Trendline:
A support zone (marked in red) is visible, which aligns with a rising trendline. The price has tested this area and bounced upwards, suggesting demand at this level.
2. Bullish Rejection & Confirmation:
The recent price action shows rejection of lower prices within the support zone.
A bullish candle has emerged after the price tested this zone, hinting at potential upside momentum.
3. Moving Average Resistance:
The 200-day EMA (Exponential Moving Average) at 0.84058 acts as a significant resistance level.
If the price sustains above the trendline and support zone, a potential retest of the 200 EMA is likely.
4. Price Target & Direction:
The blue arrow suggests an expected bullish move.
The immediate target is around 0.8400 - 0.8450, where the 200 EMA and previous price action resistance exist.
Conclusion & Trading Plan:
Bullish Bias: As long as the price holds above the trendline and support zone, further upside is favored.
Breakout Confirmation: A daily close above 0.8350 could further confirm bullish momentum.
Bearish Scenario: If the price breaks below the trendline and support zone, it could trigger a bearish move toward 0.8250.
Bearish TRADE SIGNAL.. USD JPY SELL .. (jpyx buy)The price is at a critical supply zone, forming a bearish flag pattern, and the market is downtrending on the H1 period. Come sell with me and let's go.
GBP_USD LOCAL SHORT|
✅GBP_USD has retested a key resistance level of 1.2640
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 1.2557 is likely
SHORT🔥
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Can we make fortune from this? Lets seeThe trend is bearish, and i find a break and retest. Can we go short or hold forever.?
ANALYSIS OF USDCHFTECHNICAL VIEW:
From technical standpoint, USDCHF is currently resisted around 0.9055 with investors currently waiting for the next catalyst to drive prices. On the economic calendar, the FOMC meeting would be on the wire later today by 11pm, with fresh insight into Fed’s policy stance. A hawkish tone would likely strengthen the USD and if that be the case, analyst expects the resistance to be broken with potential target around 0.9078. Conversely, a dovish stance from the Fed’s minute would likely cause the pair to tank with potential target to the downside around the major support zone of 0.8986 but the psychological level of 0.9000 would likely be respected before further decline.
KEY LEVELS FOR THE WEEK:
For the rest of the week, if the bullish momentum is sustained given the data from economic calendar and market sentiments, analyst predicts the resistance levels around 0.9078 and 0.9150 to be respected. Meanwhile the place of retracement and further breakout of these levels are not ruled out. Conversely, if the bears take the center stage, then analyst expects 0.8972 and 0.8921 to be respected with potential retracement in view. Whereas further breakout of these levels isn’t ruled out.
UPCOMING CATALYST:
From economic standpoint, below are major events that has the tendency to cause market volatility starting from tonight at 11:00 PM GMT+4, the FOMC minutes release will offer fresh insights into the Fed’s policy stance. Then on Thursday by 5:30 PM GMT+4, the US weekly jobless claims report would be on the wire, followed by the manufacturing index and crude oil inventories later in the day. Then to wrap up for the week, on Friday by 5:30 PM GMT+4 Canada’s core retail and retail sales data takes the spotlight. Later by 9:30 PM GMT+4: the US releases PMIs and housing data, followed by a speech from the Bank of Canada Governor, with key insights on the economic outlook. These speech and data points has the tendency to cause volatility with potential rewards and risk too.
EURNZD Sellers In Panic! BUY!
My dear subscribers,
EURNZD looks like it will make a good move, and here are the details:
The market is trading on 1.8256 pivot level.
Bias - Bullish
My Stop Loss - 1.8217
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.8329
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
AUDCAD: Short Trade Explained
AUDCAD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short AUDCAD
Entry Point - 0.9016
Stop Loss - 1.9031
Take Profit - 1.8983
Our Risk - 1%
Start protection of your profits from lower levels
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Sell USDCADPrice retraced to trendline and rejected same. Canadian dollar also seems to be gaining a bit of strength whilst US dollar has been weakening. US dollar is expected to continue weakening as Trump stated he wants to weaken the dollar.
NZDCHF: Expecting Bearish Continuation! Here is Why: `
Looking at the chart of NZDCHF right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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GBPCAD The Target Is DOWN! SELL!
My dear followers,
I analysed this chart on GBPCAD and concluded the following:
The market is trading on 1.7876 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.7781
Safe Stop Loss - 1.7924
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDUSD 19/02/2025Weekly:
-Weekly lows rejected.
Daily:
-Bullish M pattern.
-FVG.
4H:
-Inverse H&S pattern.
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 1.6425 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.6503
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
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WISH YOU ALL LUCK
UPDATE ON EUR/USDEUR/USD 1H - As you can see price clearly didn't need the Supply to the upside in order to carry on this journey correcting price lower. This isn't an issue for us it just means we wait for the right buy opportunity now to present itself.
I want to see price come to clear the Demand Zone below and from there offer us the chance to get involved in this market in some long positions. In order for us to deem a valid entry we will need to see price clear the zone and break structure to the upside.
A break in structure to the upside will confirm the end of the correction and the start of the next wave trading this market higher, once we have that fractal break to the upside we can then prepare for the long position.
When we look to place the long position we will stick our SL below the zone we get involved from and our TP will be set just below the last higher timeframe high thats been set in the market.
GBP/USD on the 1-hour timeframe technical analysis check captainKey Observations:
1. Support and Resistance Zone:
The blue rectangular box indicates a consolidation range where price has been moving sideways.
The black horizontal line marks a key support level where price is expected to bounce.
2. Expected Move (Arrow Projection):
The black arrow suggests that price may dip slightly to support and then rally upward toward the upper resistance levels.
The take-profit (TP) level is placed around 1.27118, indicating a bullish target.
3. Technical Analysis:
The market has broken out of a previous uptrend channel and is currently retesting a support level.
If the price holds this support, a bullish continuation is expected.
The stop-loss (SL) is placed below the key support zone at around 1.25475, minimizing risk.
Conclusion:
Bullish Setup: Looking for a buy entry around the support zone with an expected move toward 1.27118.
Invalidation: If the price breaks below support (1.25475), the bullish outlook weakens.
Next Resistance Levels: 1.26500 → 1.27000 → 1.27118 (target).
This looks like a solid trade idea with good risk-to-reward. Are you entering this trade now or waiting for confirmation?
GBPUSD Bearish ContinuationGBPUSD price seems to exhibit signs of overall Bearish momentum as the price action may form a credible Lower High with multiple confluences through key Fibonacci and Resistance levels which presents us with a potential short opportunity.
Trade Plan :
Entry @ 1.2580
Stop Loss @ 1.2830
TP 0.9 - 1 @ 1.23550 - 1.2330
USDCAD: Weak Market & Bearish Forecast
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the USDCAD pair which is likely to be pushed down by the bears so we will sell!
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EUR/USD on the 1-hour timeframe.Technical analysis check captainKey Observations:
1. Support Zone:
The highlighted yellow-green zone represents a support area where buyers are expected to step in.
The price has touched this zone and is showing signs of a potential reversal.
2. Expected Move (Arrows):
The blue arrow suggests a potential short-term pullback before a rise.
The black arrow represents the main bullish move, indicating a possible rally toward higher levels.
3. Technical Analysis:
The pair is reacting to a previous support level, which could lead to a bullish bounce.
If the price holds above this zone, it may continue upward toward 1.04500 and beyond.
Conclusion:
This setup suggests a buy opportunity if the price confirms a reversal from the support zone.
Invalidation: If the price breaks below this support, the bullish outlook weakens.
Next Resistance: Around 1.04500 - 1.05000.
Are you planning to enter this trade, or waiting for further confirmation?
UPDATE ON USD/CHFUSD/CHF 30M - As you can see we have now been delivered with the BOS we wanted to the upside to give us the confirmation that enough Demand has been introduced to see this market trade higher longer term.
From here we now want to see price pullback temporarly to set the higher timeframe higher low before continuing with this bullish momentum. Once price does pullback into our area of interest we can prepare to take the market long.
I have gone ahead and marked out an area of interest I feel price may react well from. It will be interesting to see how price plays out over the course of the next day or two.
We could look to take this market short shorter term to capitalise on this correction but as we know this hold risk as the overall structure has now been confirmed to be bullish. Its important that if we do trade against the prevailing trend we are taking additonal precautions.
