Topdownanaylisis
CHECK THIS USDJPY SHORT!!!4HR is presenting a nice double top formation, moving through to the 1hr we can see a triple test of resistance on the second leg of the double top. moving further to the 15min we are testing resistance for the third time on the second leg, all pointing to bearish confirmation.
We have 2 trades to consider here first is top-down, second is a bigger play on the larger timeframe.
EURUSD Market OverviewUSD selling pressure has been seen this week, due to the most recent weekly jobless claims falling to a less than expected figure.
US T-Bonds gave the US Dollar Index some small gains.
The Euro Commission revealed that the Eurozone growth forecast for 2021 fell to 3.8% from 4.2% Not so good right?! The economy is looking weaker and it doesn't help that Euro Central Bank Policy Maker, Mr. Makhlouf acknowledges the weakened economic growth of Europe.
Its clearly mixed data here for EURUSD, and I personally don't plan to trade EURUSD as of now. There is strong resistance shown on the 4H Timeframe and until price can break and retest this structure, I wont be looking to Long the pair.
But why long? Check out my analysis, the Monthly and Weekly are showing a Bullish setup. As a result, I am waiting for the Daily and 4H to align with my anticipated move to the upside; I'll be waiting for a shift in market tone.
NZDJPY - Ready to SHORTEntry break of trendline with stops above the high.
Aiming for the major trendline
Confirmation:
- MACD divergence
- Wedge resistance
bearish top down analysis AUD is strong next weak so i am interested to selling this pair because of its take both side of liquidity and trap the trader of both buyer and seller..
Bearish top down analysis in monthly, price on bearish order block .now in monthly hummer candle appear ,,
Bearish top down analysis clearly seeing Drop base Drop price action so waiting for OTE or 3 push pattern.. entry should be in lower time frame with many confluence
EU Short----------Hello Traders!-----------------
EU its looking bearish in my opinion my TP level its the fibonacci level and we need to break the lows and the structures we are going to have many pullbacks because of the daily minor structure that its forming but EU its looking the best to trade right now.
Hope you enjoyed and we will see what happens.
Bullish top down analysis Smart Moneyprice was in compression so looking for both baying and selling ..but best is looking for buying because of monthly weekly or bullish entry must be in LTF
EURUSD DAILY OUTLOOK EURUSD daily outlook :
price made new low and gave us a nice sell entry on ltf..
my long term target for EURUSD will be 1.16141
will post ltf analysis so make sure to check it out!
Bearish top down analysis Smart Moneyin monthly price want to seek sell side .now monthly weakly ,daily and h4 bearish..so looking for short,
EURUSD on the path to test 1.22#EURUSD:
(1D):
As expected from last week's analysis, EU came all the way back to support around 1.205 to bend to the upside once again, following the overall bullish direction. We are about to see 1.22 resistance being tested, where I will be looking for a bullish opportunity once broken to the upside.
(4H):
On the lower timeframe, we have more detailed information above the retracing leg down on 1D. Namely a falling wedge, eventually broken and retested.
(1H):
Price action has been quite choppy as of late. For this reason, i will be waiting for a bullish bullish continuation setup once across next resistance, aiming for the 4H wedge top. If developing on a larger scale, i will be interested to see 1.24 as next target.
Bearish top down analysis Smart Moneyprice are currently in wedge shape ..possibility of both buying and selling
bullish idea Wyckoff + ICTIOF is bullish but price is in accumulation. so waiting for market maker to false breakout lower hit barker or order block and move go to higher ..
Bullish top down analysis sessional tendency of jpy is bearish till march . cot of jpyusd negative ...price break monthly high an back test go to up...all signature indicate the audjpy will bullish..go to lower timrframe for taking entry
bullish idea institutional trader price in re accumulation .. may price go down and kiss fair value gap and go higher. For entry go to lower timeframe .
