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DXY Short Term BearishnessMarket structure showed a shift lower twice, and indication of downtrend continuation. Daily chart printed multiple rejection followed by thursday bearish engulfing candle. I anticipate price trade to or below the 50% level of the uptrend price range before buliishness resumes or we see downtrend continuation. I would like to see a pullback to my entry A or B. Entry A is in confluence with 50% pullback level, MA and Trendline. A break above Entry B which would invalidate the above confluences therefore, I would pause to see price in action. If you trade patterns, DXY already formed a Diamond Top at mid of previous week.
TVC:DXYShort
by Olamitrades
NZDUSD, D1 | Reversal off key resistanceWe're looking at NZDUSD on the D1 timeframe today. There's a fair bit of resistance at the 0.6080 area where we're seeing an overlap resistance, 23.6% Fibonacci retracement and a 100% Fibonacci projection. It's worth noting that we're also seeing a long term bearish trend line suggesting that there's good bearish momentum pushing prices lower. A reversal from here could see prices potentially drop all the way down to our major support at 0.5749 which also happens to be a 78.6% Fibonacci retracement. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
EURUSDTitle: EURUSD Positional Trade: Bullish Structure Developing Above 1.08256 Hello traders! 📈 I would like to share a potential positional trade opportunity in EURUSD with you. The current market structure indicates a shift towards a bullish trend, and I believe there is potential for further upside movement. Entry: Buy above 1.08256 Support Level: 1.08256 Targets: 1) 1.08462 2) 1.08712 3) 1.08952 4) 1.09329 By setting a buy entry above 1.08256, we aim to capitalize on the developing bullish structure in EURUSD. Remember to exercise proper risk management and adjust your position size accordingly. Disclaimer: Trading involves risks, and past performance is not indicative of future results. Please conduct your own analysis and consult with a financial advisor before making any investment decisions. Happy trading! 🚀💰 #EURUSD #ForexTrading #PositionalTrade #BullishStructure #TradingView
Long
by arpitjain11
GBPCAD ____ INCOMING BULLISH RALLYHello Guys, This week has been giving promising trade opportunities and GBPCAD could likely be one of them. In my previous analysis of the pair, I marked both the buy-side and sell-side liquidity pools. Today, the market went after the sell-side liquidity pool. I'm hoping that the displacement in price allows the price to get to my demand POI and I will wait for a structural shift in price from bearish to bullish and take a long. The reason why I would be confident in taking the long is that we still have buy-side liquidity to take. If you like this analysis, give me a like or follow. Cheers, David
Long
by jabariofafrica
LONG REVERSAL IN CADCHF | SWING TRADECADCHF is trading at all time lows area. Checking out the price action, the price is trading in a DAILY FALLING WEDGE PATTERN which is a BULLISH reversal pattern. Once daily closes above the falling wedge, a LONG can be initiated on 1. Breakout of falling wedge, 2. Retest of falling wedge as support after the breakout There is also BULLISH RSI DIVERGENCE, which shows downtrend is getting weak and trend may reverse soon. This is a SWING TRADE. But if daily closes back inside the falling wedge after the breakout, that would result in fake breakout/bulltrap and the idea will be invalidated. Let me know in the comments section if you want me to analyse any other financial instrument. WARNING:- ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
Long
by rohitkukreja
AUDCAD is growing again with the Double Bottom Pattern🚀By forming the Double Bottom pattern , we can confirm the end of wave C. I expect AUDCAD to grow to at least the resistance line after breaking the neckline of the Double Bottom pattern. (I have specified AUDCAD growth 🎯 targets 🎯 in the chart for you). 💡Also, I shared with you the position with RR= 2.68 , but be sure to follow your strategy and not forget capital management.💡 🔅Australian Dollar/Canadian Dollar Analyze ( AUDCAD ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
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