I expect a consolidation on EURUSD until we reach the marked zone for longs. We can also expect a smaller retracement and then longs.
AUD/USD is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.6644 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Stop loss: 0.6594 Why we like it: There is a pullback support level which lines...
The Japanese yen climbed as much as 0.85% earlier on Thursday but has pared most of those gains. USD/JPY is trading at 155.38, up 0.31% in the European session. Japan’s economy contracted in the first quarter. GDP declined by 2% y/y in the first quarter, following a revised 0% reading in Q4 2023. This was weaker than the market estimate of -15.%. On a quarterly...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.0811, which is a pullback support that aligns with the 50% FIbo retracement. Our take profit will be at 1.0884, a multi-swing high resistance. The stop loss will be placed at 1.0753, which is a pullback support level close to 78.6% Fibo retracement
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2608, which is a pullback support close to 38.2% Fibo retracement Our take profit will be at 1.2667, a pullback resistance. The stop loss will be placed at 1.2534, which is an overlap support level close to 61.8% Fibo retracement
EURCAD formed a nice bullish flag pattern on an hourly time frame. During the NY session, the price went up and violated a resistance line of the pattern. The market may keep growing on Monday. Goal - 1.482 ❤️Please, support my work with like, thank you!❤️
Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we are still in a bearish market structure as price did not break previous high, so I expect we can see bearish price action after price rejected from liquidity zone + institutional big figure 0.91000. My target is imbalance filled + order block. Like, comment and subscribe to be in...
Technical Analysis and Outlook: During this week's trading session, the Eurodollar made a spectacular surge on the upside to our Inner Currency Rally 1.084 and a lot more. Current market conditions suggest that the Eurodollar may continue upward momentum to complete our Inner Currency Rally 1.091 via the newly created Mean Res 1.089. On the downside, the currency...
GBPCAD - now price reach a strong resistance area, so i wish bearish could win bulls. But we have to wait good price action in daily timeflame
Following last weeks' momentum, I expect a break to the upside from the 1.25299 area but wont be surprised if price goes to 1.24747 for a pull back before going long
Possible Sell trade for USD cad. Entry @ 1.3760 Sl @ 1.3800 Tp @ 1.3650
Possible short setup for next week on USD/CHF at 0.90868 Area, SL @ 0.91157, TP @ 0.90150
FX:EURUSD I think this plan may happen for EURUSD
According to the drawing, the right shoulder is being completed
GBP/USD seems to be heading to the monthly Supply 1.2850 area. Price has formed a base around 1.26732 area Looking to go long @ 1. A break and retest of 1.2720 area but prefer 2. A bounce at 1.2660 and hold trade for a week or two
Dear traders! On the 4-hour timeframe we noticed an interesting candlestick pattern setup. Price action was confirmed high above the 1.2645-1.2650 support level. It is expected that in the near future the uptrend will be more certain, the target is at least in the area of 1.2800 - 1.2850
A forecast update on the upcoming movement of the dollar and yen in the long term
Looking for a buy opportunity in EA. Reason to buy: Possible to make a double bottom or triple bottom pattern. Use proper risk management. Thank you