Forexmarket
CAD JPY SET UP Hello guys,
CAD JPY has been moving in an ascending channel, and the price has reached the support trend line. Do you think the price will break through or bounce? I expect a bounce, so I'm waiting for the BUY confirmations.
If the price breakthrough, I will be looking to go short after the retest of the broken support level, tell me what you think guys.
GBPNZD: ...Sell the rally? Yes, but 2.31 belowThe main trend is bullish, but at the same time, the pair could trigger some corrective structure in the short term. If this idea is correct, it is possible for ABC Patterns to appear on hourly chart.
Note: Updates will follow below.
Trade with care!
Like if my analysis is useful.
Cheers!
AUDUSD - Shorting all the way to the 4h swing low!I will be taking short positions all the way down to the yellow line (4H swing low)
We have just swept liquidity to the right and I can definitely see a move down to the swing low before considering any longs.
I will post an update shortly with entries taken!
Best wishes,
Jake
Will the pound usher in a big rally?Because of the banking crisis and the expiration of the US debt ceiling, the market has exacerbated concerns about the risk of an economic recession. Looking at the world, the Ukrainian crisis, the European energy crisis, the food crisis and the refugee debt crisis, economic recession is actually inevitable, so the pound will not go into a bull market.
Judging from the recent trend, although GBP/USD has pierced 1.250 many times, they cannot effectively stand above 1.250, so it is easy to stage a market that rises and falls at this position, so for short-term trading, it is still possible to short at a high level host.
In today’s trading, the trading signals I announced on the channel to buy more gold around 1980 and 1976 all reached the stop profit target at the 1986 line. The trading signals in the past two weeks have achieved comprehensive victories, and the results of 0 losses are enough to make We reap satisfactory profits. In trading, whether it is gold, crude oil or foreign exchange, I have the ability to satisfy your desire to make money. I have published detailed trading signals about crude oil in the channel. Please pay attention to the trading signals in the channel
AUDNZD: Short Term Technical AnalysisThe trend is bullish but in short term some corrective structure is possible, having said that, from a technical point of view, the rally triggered on hourly chart should continue after the pullback completing the impulsive structure (1-2-3-4-5).
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
EURUSD Bullish Breakout Targeting 1.1690 Amid Positive SentimentThe EUR/USD currency pair is displaying a strong bullish trend, fueled by the potential ECB interest rate hike and a weakening US dollar ahead of key economic data releases. With a decisive break above the key resistance level of 1.1035, the pair is poised to target 1.1690 as the next major milestone. Keep an eye on upcoming data and events for further validation of this bullish outlook.
GbpJpy -> Be Careful HereHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that GbpJpy is approaching a quite strong and obvious previous weekly resistance area exactly at the 169 JPY area.
You can also see however that market structure and moving averages are still quite bullish so I just do expect a deeper push into the resistance zone, followed by a short term rejection towards the downside but then I definitely do expect more continuation towards the upside again.
On the daily timeframe you can see that GbpJpy just broke above and retested a previous daily resistance area which was turned support so I am now just waiting for a deeper retested of the 169 JPY area before I then do expect also a short term daily rejection towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
The pound may have downward demandAfter a sharp decline in the US market last Friday, GBP/USD has managed to stabilize above 1.2400 on Monday.The short-term technical side fails to provide directional clues, and may only have to wait for the currency pair to break through the consolidation channel,only then will there be a better continuity of behavior.
According to the current market structure, it may be more difficult for GBP/USD to continue to rise, and the daily line is expected to form a head-and-shoulder technical pattern, which will exert pressure on the future market structure and limit the technical upward space of GBP/USD; Moreover, the technical repair of the daily line is far from being in place, so GBP/USD is still in demand for a decline.
In the short term, pay attention to the resistance near 1.246 above.
EURUSD 100pips Move!! EURUSD is gearing up for the next impulse. Unlike every other trades, current EU setup is backed up by D1 and every level and signals inside the SUITE SYSTEM.
We expect EU to make a Higher High for the Divergence leg to print properly. There's a of money here on EU not only on the LONG but on the SHORT to come.
Right now we only have a CONFIRMED ENTRY on EU currently.
#1 ENTRY (Risk Entry, Good Reward) -: none!
#2 Entry (Confirmed Entry, Minimal Reward) -: It's safe to enter LONG here as we are currently trading ABOVE the BASELINE.
INVALIDATION
Go in with a 50pips Invalidation or use the ALERT system inside the SUITE INDICATORS to send you a notification when setup is invalidated.
TARGETS
We are expecting a HH, profit can be locked in when we hit the previous high forming a DOUBLE TOP!
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!