Fxsignals
GBPUSDHello, everyone! The British pound had an excellent move today in response to the news. I'm looking at the 1D+1h context being short, along with the 1-hour order flow also indicating a short position. I anticipate the London high being taken out, with the potential for further downside continuation.
EURUSD 1D
Hello, everyone! I suggest analyzing three potential scenarios for the development of events on the #EURUSD pair using the higher timeframe.
1 (marked in black on the chart) - Currently, we are in the imbalance zone of the 1D timeframe. Potentially, the price may clear the imbalance and continue moving downwards, possibly making new lows.
2 (marked in red on the chart) - Based on confirmed order flow, we might see the price in the 1.08 zone for liquidity removal, with the potential for a downward move, similar to previous instances marked in red.
3 (marked in green on the chart) - This scenario could become valid if the price reaches and consolidates above the 1.08 level. In this case, the previous order flow would act as continuous liquidity.
Have a great day, everyone!
EURNZD: Nice Shorting Opportunity 🇪🇺🇳🇿
EURNZD broke and closed below a key horizontal support last week.
We see its retest now.
The price was consolidating for some time within a narrow range on the hourly time frame within the broken structure. The support of the range was broken then.
I believe that the pair will keep falling.
Goals: 1.801 / 1.796
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Overvalued (+10%) Central European Currencies vs. USDInflation induced rate differentials over nominal exchange rates drove a steady (almost uniform) overvaluation of the Central European Currencies vs. the USD.
With present premiums around +10% a swift, near term correction is ever more likely.
LONG USDHUF, USDPLN, USDRON, USDCZK
BluetonaFX - USDCHF Trade IdeaHi Traders,
There is a short opportunity on the USDCHF 1D chart. The market is currently in a retracement wave of the bear flag break, and there is an opportunity for a short entry to target the demand zone to take profit.
The demand zone area is 0.88600–0.88202.
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BluetonaFX
BluetonaFX - EURUSD Trade IdeaHi Traders,
There is a long opportunity on the EURUSD 4H chart. The market recently closed out the falling price wedge and is indicating a possible retracement to the supply zone, as the market is likely to be oversold at this point. This is also supported by the market breaking and closing above our 20 EMA. There is an opportunity for a long entry near the 20 EMA and to exit towards the supply zone.
The supply zone area is 1.07582–1.07691.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
EURUSDHello, everyone!
I'd like to share my idea regarding EUR/USD for today. I want to highlight the excellent liquidity dynamics on both lower and higher timeframes. We are currently forming an order flow on the hourly timeframe around Asian highs, and we have seen a significant impulsive move with the clearing of imbalances from Frankfurt. The logical point for the end of the current movement can be considered a test/consolidation below 1.064. Currently, I'm strictly focused on the short side, and if anything changes, I will keep you updated.
AUDNZD: Your Trading Plan Explained 🇦🇺🇳🇿
One more instrument that we discussed on the today's live session is AUDNZD.
The market is currently testing a confluence zone based on a rising trend line and a horizontal support.
To buy the pair with a confirmation, wait for a bullish breakout of the resistance of a horizontal trading range on an hourly time frame.
You need an hourly candle close above 1.0859 to confirm the violation.
A bullish continuation will be anticipated to 1.0878 then.
Alternatively, a bearish breakout of a trend line will be a strong bearish signal.
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BluetonaFX - USDJPY Potential Bull Flag PatternHi Traders!
There is a potential bull flag forming on the 1D USDJPY chart. Our bullish outlook on the US dollar continues, and the potential bull flag here is supporting this. We are currently in the flag channel, and we are looking for a break to the upside of the channel. The important price level here to look out for is 146.564; this is August's high, and we must break this level to continue to the upside.
A break with momentum above 146.564 and the psychological level of 150.00 will be in sight.
That being said, though we are bullish, as always here at BluetonaFX, we do not get attached to a view and must be ready to adapt at all times. If 146.564 does not break, the potential bull flag will fail and the market will most likely pullback, so we will look for selling opportunities around this level.
Please remember to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
BluetonaFX - GBPUSD Looking For New DirectionHi Traders!
There is a potential rising wedge here on the GBPUSD chart; however, the market has been trading sideways for the past couple of days.
Depending on its next direction, the market will either break the supply or demand zones. That being said, there is a bearish bias here due to the lack of upside momentum after the big price rejection spikes we had that led to the double bottom pattern. The upside reversal move failed to break the supply zone just below the 1.28000 area due to a lack of new buyers in the market.
The bears look like they have control here, so we are looking for confirmation of this, which is a break below the support line of the rising wedge and then a potential break of the demand zone at the 1.26900 area.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
NZDCAD: Your Trading Plan For Today 🇳🇿🇨🇦
NZDCAD is testing a key daily structure support.
The price already formed a doji candle on that, confirming a local weakness of sellers.
To buy the pair with a confirmation,
I would suggest waiting for a breakout of a neckline of a cup and handle pattern on 4H time frame.
4H candle close above 0.806 will confirm the violation.
A bullish continuation will be expected to 0.809 / 0.811 levels.
If the price sets a new lower low, the setup will become invalid.
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EURUSD: Bearish Move From Key Level 🇪🇺🇺🇸
On a today's live stream, we discussed EURUSD.
The pair is on a key level at the moment.
I spotted a tiny head and shoulders pattern on an hourly time frame
with a confirmed neckline breakout.
The pair may retrace now.
Goal - 1.098
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