GBPJPY SELL UPDATE!!!!Well would you look at that
We have just achieved 1:2 in profits
See you again on the next one
Forex market
How to Trade the EUR/USD Pair on December 20? Simple Tips The EUR/USD pair is trading around 1.0406, above 1/8 of Murray, and within the downtrend channel forming since November 29th.
Yesterday during the American session, the euro reached the low of 1.0325 and covered the gap that it had left on November 20th around 1.0417.
Since the euro is showing a slight recovery while consolidating above 1/8 of Murray, we could expect EUR/USD to reach 21 SMA located at 1.0465 and even climb to the 200 EMA located at 1.0576.
Since the market is showing signs of overselling, it is likely that the euro will consolidate above 1.03 and below 1.05 due to low liquidity at the end of the year.
Meanwhile, we will look for opportunities to buy within this range.
A sharp break and consolidation above the psychological level of 1.05 and above 2/8 Murray could mean a strong recovery.
Therefore, we expect the instrument to reach 4/8 Murray 1.0742 and even rebound to 1.0864.
AUD to return back to the high end of the channel..The AUD is quite weak at the moment off the back of the US election and interest decisions in both countries.
The AUD may drop a little further to the 0.60 mark although I expect to see it bounce back up to the 0.70 mark by the end of March.
EURCADWe can attempt to buy EURCAD from specified level as it make HL , also 0.618 FIB level intact indicate that it moves upward.
SL , TP mention in chart.
USDCHF - Long from trendline !!Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is price to fill the imbalance lower and then to reject from bullish OB + trendline.
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GBPUSDhello friends
Due to the severe fall that we had and cardamom breaking respectively.
Now, with another bottom failure, the price is placed in a good area, and from there, by getting confirmation, we can expect a good reaction.
This analysis is checked from a technical point of view.
Be successful and profitable.
EURGBPAccording to the harmonic pattern and the break in the middle of the channel, the price will reach the desired target
GBP/CHF Analysis🔻 Trend Direction:
The trend is clearly bearish, with strong selling momentum dominating the GBP/CHF currency pair. The price has broken below key levels and is showing no immediate signs of reversal, indicating a strong continuation of the downtrend.
💡 Key Observations:
1️⃣ The strong sell-off aligns with the saying, "Let the trend be your friend," as the bearish momentum is evident.
2️⃣ Price is heading toward key support zones, as highlighted in the chart.
3️⃣ Potential support levels around 1.1185 and 1.1135, where the price may slow down or reverse.
📌 Trading Idea:
Consider short positions if the bearish momentum continues, aiming for the support zones.
Stay cautious around these areas, as they could trigger reversals or consolidation.
🚨 Risk Management:
Place stop-losses above 1.1230 or higher to protect against unexpected pullbacks.
Use proper risk management strategies and monitor price action at key levels.
USD/CAD AnalysisThe USD/CAD pair has been trading within an ascending channel but recently broke out, reaching a significant resistance level from March 2020. This resistance appears to have halted the bullish momentum, suggesting the possibility of a correction in the coming sessions.
💡 Key Observations:
1️⃣ The price broke above the ascending channel but is struggling to maintain momentum at the resistance level.
2️⃣ Historical resistance from March 2020 is likely to act as a strong barrier for further upward movement.
3️⃣ Signs of weakness and loss of momentum indicate a potential downward correction.
🔻 Potential Target Zones for Correction:
First Target: 1.429
Second Target: 1.421
Longer-term Target: 1.408
AUDUSD - Look for a sell !!Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fulfill the imbalance and then to reject from bearish OB + institutional big figure 0.63000.
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GBPJPY Retraced For UsHi Traders!
GJ made a nice retracement to around 194.600, and is now trying to push above 195.000. In my last idea, I talked about how I needed price to get above 195.000 with followthrough. ( Please go read if you haven't already). Psychological levels for GJ are .000, .200, .500. As you can see right now we hit 195.500 and rejected heavy. So, watching for this set up. 🫡
Entry:195.500
TP 1: 196.500
TP 2: 197.000
SL: 194.100/.200
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
According to this pattern, EUR/USD's next target is 1.0181A little-known pattern called the Failed Inverse Head-and-Shoulders pattern was triggered in EUR/USD yesterday following the Fed's rate meeting. This pattern occurs when the price breaks below the right shoulder of the head-and-shoulders formation, reversing the original bullish pattern into a bearish one. In this case, the target is the difference between the head and the neckline, which is 280 pips. When subtracted from the right shoulder low, this suggests the price could drop to $1.0181.
For the pattern to remain valid, the price must stay below the right shoulder low at $1.0462. As long as it trades below this level, the bearish target remains intact.
This aligns with recent developments at the Fed, which surprised the market by signaling just two rate cuts in 2025 while anticipating higher inflation. Trump's potential policies, including trade wars and tax cuts, are likely to fuel inflation. Meanwhile, Europe faces additional challenges, with continued rate cuts and expected economic strain from trade wars likely to worsen its economic troubles.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
GBP/CHF - extremely oversold - low levels RSIHi guys, the GBP/CHF has reached extremely low levels of RSI on 1H and 4H , currently so its formulating a perfect buying opportunity.
Entry: 1.1258
Target: 1.13291
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
EURUSD H4 AnalysisHello Guys As We See In This Week USD Position Strong This Is The Reason for Selling Opportunity Set Target AS Per Chart And Follow Risk Mangement
Shorted this pairTwo short trades 80pips plus a second one 30pips totalling110pips profit targets met
eurusdhi guys
i think euro sholud be return price position .
take care to rf & stop lost points
thanks dr fuzy logic . by nds stratgy
EURJPY Wave Analysis 19 December 2024
- EURJPY broke resistance zone
- Likely to rise to resistance level 165.00
EURJPY currency pair recently broke the resistance zone located between the key resistance level 162.00 (which stopped the previous minor wave 2) and the 50% Fibonacci correction of the downward impulse 1 from October.
The breakout of this resistance zone accelerated added to the bullish pressure on this currency pair.
EURJPY currency pair can be expected to rise further to the next resistance level 165.00 (which reversed the price multiple times in November).
GBPUSD SELL!!!!!GU sentimental is bearish today, and early morning it took out the London session low. Now, let's take a short position
We first aim for 1:1 the 1:2 after securing some profits
GBPJPY NEXT MOVE (expecting a bullish move)(18-12-2024)Go through the analysis carefully, and do trade accordingly.
Anup Bias (Mid term)
Current price- 194.800
"if Price stay above 193.900 then next target is 195.800 and 198.000 and below that 192.00.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of principal to follow any position.
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NZDUSD BULLI have just produced a YouTube Clip that explains the whole system using this pair... #NZDUSD
Go take a look as it will explain the set-up for the bull
PLUS - It will help you profit from my #NFP chart drop.... (on all 8 pairs I trade) as all the structure will be available in the day trade charts >> which this clip explains.
good luck.
EUR/JPY restructure into an ascending channelHi guys, we will be looking again in the EUR/JPY Pair as it has broken it's structure quite heavily compared to my previous analysis. Currently we have two options because the pair has dropped towards the lower support level, which we find big amount of support coming in from the buyers.
Option 1 - Entry from the current price with two targets :
Target 1 : 159.453
Target 2 : 162. 500
After the 2nd target is reached we should be fully in the ascending pattern then we would revisit with new targets towards the upper resistance
Option 2 - Entry at 155.300 when we physically touch the strong support level and then enter in a full on ascending / bull trend all the way to 162.500
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
#AUDCAD 4HAUDCAD 4-Hour Analysis
The AUDCAD pair is trading near a channel support level on the 4-hour chart, indicating a potential reversal or bounce from this zone. The channel support has historically acted as a strong area where buyers regain control, presenting an opportunity for bullish trades.
Technical Outlook:
Pattern: Channel Support
Forecast: Bullish (Buy Opportunity)
Entry Strategy: Consider entering a buy position near the channel support after confirming bullish price action, such as bullish engulfing candles or a double bottom formation.
Traders should monitor indicators like RSI for oversold conditions or MACD for signs of bullish momentum. Apply appropriate risk management with stop-loss orders placed below the support line and profit targets set at resistance levels within the channel.
Daily Analysis of GBP to USD – Issue 173The analyst believes that the price of { GBPUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
