EURUSD Forex Trade Analysis by WAVE FX Academy (UPDATE)Hi Traders, here is my analysis for EURUSD
We should start to see some strength coming in the dollar as the market starts to rally from its 6week sell off.
The market however is still showing signs of maintaining its uptrend from a 4Hr perspective as price as continuously respect its trend support and retesting the weekly highs.
This is due to the Euro still heavily bid. I will be expecting a slight moving back to the upside based on the market structure, however, I will be looking for signs from price action to take advantage of any selling opportunities.
I've labeled the areas based on what I will be anticipating.
Like and Comment your thoughts . All feedbacks are welcomed.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Priceactionstrategy
NZDUSD BEARISHNZDUSD : Was originally looking for third touch in bigger structure however we created a three touch structure on the 1 hour time frame. Bigger structure had a corrective break, as well as a break of that smaller correction as well. Many confluences to this Pair leaning towards a very bearish outlook. Aiming for the bottom of the bigger structure.
eurusd long trade idea Hello Traders,
Similar toward my previous analyst on AUDUSD. The seasonal on this pair remain bias is bullish and form ascending channels. I consider seeing the price behavior to go long by taking further confluences.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
audusd long trade ideaHello Traders,
The seasonal on this pair remain bias and form ascending channels. I consider seeing the price behavior to go long by taking further confluences.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
gbpnzd long trade ideaHello Traders,
After breaking the ranges to upward by impulsive candle, we could see that we have more room to fill up for the bullish continuation. However, I would wait until the price test through the ranges as the last attempt that seller pressure is off and the recent support remains solid.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
audchf short trade ideaHello Traders,
We could see the price has been move within the descending channel and the Bias on this pair is forming a bearish trend. I would consider picking up this idea if the candle are respecting the zones as recent minor resistance.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
euraud short trade ideaHello Traders,
In order to see downtrend continuation appear, I would wait for the price to test the zones as the last attempt for evidence that the buyer is off and the recent minor resistance is solid.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
nzdusd long trade ideaHello Traders,
In order to see a further continuation, I would wait until the price is respecting the recent support and test it as the last attempt for evidence that the seller is off by closed above the zones with the recent support is solid.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
GBPJPY READY TO FALLGBP/JPY is currently in an ascending channel nearing a double top. Anticipating price to make a third touch past the double top catching people on the wrong side of the market. Most Support & Resistance traders will see price pass its double top and will be ready to look for any Long positions off the retest. Waiting for price to slow down and consolidate near its third touch. Waiting for confirmation later this week with rejections and clean price action confirmations.
Overview: Bitcoin to mid-term and long termHello guys, in this technical analysis we see taht Bitcoin make a rejection of the price in the zone of $12,000 USD, because I have a explain of it.
In weekly timeframe, we see that Bitcoin have in the pass a important weekly zone and then, looking in the higher zone of Summer of 2019 Bitcoin is reaching in the zone of 12k and 13k, that zone are higher resistance to reach above of 14k.
And remember that in weekly the expectative is so bullish until near of $28,000 USD
Now, guys, if you're a Bitcoin holder, I can to say you or if you make a trading in Daily timeframe, in this overview, we coud to enfocous more what Bitcoin do. So, I believe that Bitcoin need to reach at $10,400 USD to validated this support zone, if Bitcoin get it to validated this support, easily, there are a possible boughts in hte lower zone of $10,400 USD.But more important is that Bitcoin is in the 0.382% of Fibonacci, for then, we need to check in H4 and H1 timefame in short term what Bitcoin make.
This is an overview of what we see a Bitcoi, and also, I show you the Fibonacci targets, I represent for you 5 targets to reach it using the Fibonacci trend. So, in more later I will going to you to bring a technical analysis in H4 and H1 timeframe to see waht Bitcoin do if there are any short position or long in the confluence in the 0.382% of Fibonacci
So, guys, I will going in long while Daily, because we see another opportunity to put in longs in Daily, that is the key of trend.
USDJPY Bearish USDJPY is currently in a Bearish Descending Channel. Looking for bullish momentum to slow down and consolidate towards the top of the channel. Personally looking for either an ascending channel , or break of any consolidation at the top of the structure + any Rejections. The more confluences the better. However if Bullish momentum does not slow down and we see a break + a Bearish Flag we could see price push higher (111.70).
P.S. Follow for more Price Action Analysis :)
AUDUSD Ascending Channel Previously had took a 1% loss on an entry yesterday, Price found support & began to make an impulsive bullish move. On the smaller time frames Consolidation followed at the top of the trend-line. A rejection as well as the break of its consolidation made it valid for another Re-entry. Aiming for bottom of the structure continuing into Next week.
cadjpy short trade ideaHello Traders,
In order to see downtrend continuation appear, I would wait for the price to test the zones as the last attempt for evidence that the buyer is off and the recent minor resistance is solid.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
audjpy short trade ideaHello Traders,
In order to see downtrend continuation appear, I would wait for the price to test the zones as the last attempt for evidence that the buyer is off and the recent minor resistance is solid.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
nzdjpy short trade ideaHello Traders,
In order to see downtrend continuation appear, I would wait for the price to test the zones as the last attempt for evidence that the buyer is off and the recent minor resistance is solid.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
eurjpy short trade ideaHello Traders,
We could see price not able to reach the major resistance and now responding on retracement FIBO level 0.61
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!