AUDCAD Short UpdateAfter seeing some more development the 4h has now turned bearish, lining up with my bearish bias on the Daily and Weekly timeframes. The blue zones are my daily areas of interest (support & resistance) which i would like to see price come back into to look for further opportunities short. Let me know what you think! 💭
Forex market
#GBPAUD: Will price reverse to bullish, or continue dropping? GBPAUD fell further below our expectations in our previous analysis, but the price remains extremely bearish. GBP failed to hold on to its bullish momentum, leading the pair to drop 300 pips from our previous entry zone. Currently, price is trading at a key buying level, where we can expect a strong bullish volume to kick in the market and help us gain a nice clean bullish move. There are two areas for both entries. At the moment, you can use a small time frame to take any swing buy entry. Please ensure you manage your risk accurately before getting into the market.
Good luck and trade safely!
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#USDCHF: Will USD Breakthrough The Strong Bearish Downtrend? The USDCHF currency pair has experienced significant volatility due to the ongoing trade dispute between the United States and China, which has led to a substantial decline in the DXY index. Consequently, CHF and JPY have emerged as the most stable currencies in the market.
Despite the USDCHF currency pair reversing its bullish trend, we anticipate a potential reversal back to a bearish position. We believe this reversal may be a temporary trap, and the currency pair is likely to regain its bullish position in the future.
There are two potential areas where the USDCHF currency pair could reverse from its current trend. The first area is relatively early, and if the USDCHF currency pair crosses a specific region, we may have a second safe option that could provide greater stability.
We extend our best wishes and best of luck in your trading endeavours. Your unwavering support is greatly appreciated.
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SELL SETUP (Counter-Trend / Short-Term Reversal)Reasoning:
Price is at the top of the channel, where prior rejections happened (circled in orange).
Psychological resistance at 1.1370 and potential double top.
Sell Entry: 1.1365 – 1.1370
Stop Loss: 1.1390 (just above the upper channel)
Take Profit:
TP1: 1.1295 (0.236 Fib level)
TP2: 1.1257 (0.382 Fib + mid channel)
Risk-Reward: Approximately 1:2 or higher.
Weekly chart and next move opportunity Watch for a break above 1.1400, which could target 1.1450 or higher.
Consider upcoming news events and macroeconomic reports.
Analyze higher timeframes for broader context.
Note that support may form earlier, closer to 1.1300, invalidating the deeper drop forecasted.
HTF ALIGNMENT USDCAD SHORT FORECAST Q2 W22 Y25USDCAD SHORT FORECAST Q2 W22 Y25
HIGHER TIME FRAME ALIGNMENT!
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
💡In depth trade confluences provided during the week 📝
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
EURGBP and the Lower LimitIn this trade, I will be entering a short position.
Analyzing the pair on minute timeframes, the pair broke through the area near the 0.83955 price level (a possible reversal zone).
After breaking through that area, there was a downward move, and after reaching 0.83802, it reversed back up to 0.84068, followed by another reversal (which may indicate the presence of a reversal and a pullback).
Considering all of the above, and also taking into account the technical analyses provided by Investing.com, I believe that a sell position represents a good opportunity in this pair.
The short position tool displayed on the chart serves only as a reference to support the entry into this trade.
Several moving averages and the Parabolic SAR were also used in this analysis, and they should be given close attention.