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EURUSD Downside ContinuesHi Traders! EURUSD looks to be continuing to the downside, and there is potential for a support price break. Here are the details: The market continues to swing lower with lower highs and lower lows; the price has also broken below the 20 EMA recently. We are looking for the market to remain below the 20 EMA to continue downwards towards the support area. Should the market reach the support area, there may be some demand there as the market will not have been that low in a month. If there is a break below the support area, then the target level is 1.08300. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.09547 Support Area: 1.08929–1.08700 Target Level: 1.08300 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
GBPUSD Head & Shoulders OpportunityHi Traders! There is a pullback on the bullish momentum we have had over the past few days on GBPUSD, and there is a head-and-shoulders pattern on the 2H chart. Here are the details: The market is rapidly approaching the neckline, and there are opportunities for short entries to target a break below the neckline. The market has also broken below the 20 EMA, and a close below the 20 EMA will be an added confirmation signal. Preferred Direction: Sell Entry Level:1.27504 Stop Level:1.27806 Target Level: 1.26900 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
7
XAUUSD 4HR Analysis + Potential Trade IdeasPositive metals on the fresh weeks year open, with rising oil prices and increasing tensions across the world safe haven assets become more appealing to offsetting investors with our potential short idea invalidated for now i am now waiting for price action to reach 2075-87 before considering an entry for gold Once reaching the designated zone area I will be watching out for key volume exaustion to show potential signs of reversals with other confirmations such as overbought conditions, EMA crossovers, bearish price action and pivot OB creation along with quarter changeovers and key eco events. Then with the correct rejection off the key S+R we could catch some shorts to 2031 - 57 my projected pullback area
PEPPERSTONE:XAUUSDLong
by OfficialKieranTrewick
EURUSD Bullish Near Support ZoneHi Traders! EURUSD looks bullish near the support area as the market is looking to re-test the 20 EMA and possibly target the resistance zone. Here are the details: The market is trading near the support zone, and we are looking for a bounce near this area. The strategy here is to buy market dips and retracements. Preferred Direction: Buy Support 1: 1.10018 Support 2: 1.10093 Resistance 1: 1.10793 Resistance 2: 1.10853 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, A perfect finish to the day with our final target HIT completing this chart idea. Yesterday we hit our target at 2071 and was just short of the final target at 2086, which was left open and completed today - BOOOOOM!!! We also stated if ema5 fails to lock above 2086 we will see a rejection to weighted support at 2071 or 2063. Once again 2071 was hit perfectly!!! We are likely to see price range between 2071 and 2086 until one is broken and locked with ema5. We are back in the range and levels are re-active to buy dips. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2063 - DONE EMA5 CROSS AND LOCK ABOVE 2063 WILL OPEN THE FOLLOWING BULLISH TARGET 2071 - DONE 2086 - DONE BEARISH TARGETS 2048 EMA5 CROSS AND LOCK BELOW 2048 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGETS 2040 2032 EMA5 CROSS AND LOCK BELOW 2032 WILL OPEN THE SWING RANGE SWING RANGE 2019 - 2002 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATEHey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months. The swing range bounce provided the momentum for price to break back into the channel. We were then looking for support within the channel, which last weeks price action provided on the channel bottom followed with our 2048 Axis target hit. We now have a candle body close above 2048 axis level confirming further play within the channel. Ema5 cross and lock above 2048 axis will further confirm movement to challenge 2092 and the channel half-line. We need to keep the above in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a great weekend all! MR GOLD
OANDA:XAUUSD
by Goldviewfx
GBPUSD Long to Trendline ResistanceHi Traders! The GBPUSD 2H chart looks bullish and is targeting the monthly trendline resistance. Here are the details: After recovering from monthly lows, the market is now on a steady incline, showing swings of higher highs and higher lows. The market has also recently broken and closed above the 20 EMA. Our plan here is to buy market dips and target an exit just above the trendline resistance. Preferred Direction: Buy Entry Level: 1.26648 Stop Level: 1.26234 Target Level: 1.27487 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6
USDJPY Bullish Ahead of US GDP AnnouncementHi Traders! USDJPY is in an ascending channel, and there is a bullish outlook on the market. Here are the details: After the pullback from the weekly high, the market seems to have found support near the channel support line. We are now looking for a break and close above the 20 EMA for a confirmation signal to target an exit near the weekly high. Preferred Direction: Buy Entry Level: 143.250 Stop Level: 142.271 Target Level: 145.209 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
Navigating Waves: USDJPY Analysis - Seizing the Double BottomRapid Downslide Following FED News : Downslide suggests that there may have been a negative reaction in the USDJPY pair due to news related to the Federal Reserve (FED). Events and statements from central banks, especially the FED, can significantly impact currency pairs. Formation of Double Bottom Pattern around 141.500 Range : A double bottom pattern is a bullish reversal pattern that forms after a downtrend. If there is a slowdown and a potential double bottom pattern around the 141.500 range, it could indicate a potential reversal in the downward trend. Expectation of Short Impulse Towards 143.787 : The analysis suggests an anticipated short-term upward movement toward the 143.787 level. Traders may view this as a potential scalp opportunity, indicating a short-term trading strategy. Continuation of Bearish Momentum: Despite the short-term upward movement, there is an expectation of the continuation of bearish momentum. This indicates that the overall trend remains bearish, and the upward movement may be considered a temporary retracement rather than a trend reversal. It's important to note that trading in the foreign exchange market involves inherent risks, and market conditions can change rapidly. Additionally, the success of any forecast depends on various factors, including economic indicators, geopolitical events, and market sentiment. For the most accurate and up-to-date information, traders should refer to live market data, technical analysis tools, and financial news sources. Additionally, considering the dynamic nature of the forex market, it's recommended to use risk management strategies and consult with financial experts before making trading decisions.
Long
by wikitrades
2