Countdown to RBA rate decision The nine members of the Reserve Bank of Australia (RBA) are set announce its latest interest rate decision that could significantly impact the Australian dollar. This comes amidst remarks from Warren Hogan, Chief Economic Advisor at Judo Bank, who suggests that the central bank might soon need to raise rates to over 5%, a...
During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. The next morning I adjust the...
We currently broke above the descending trend and i think if we can see the current support hold we can look for long positio.
Whispers from the Estate. Ah, esteemed acquaintance, allow me to illuminate the forex pair GBYJPY with the eloquence and refinement befitting our distinguished discourse. The pairing of the British Pound Sterling (GBP) and the Japanese Yen (JPY) evokes a symphony of financial intrigue, resonating across the grand corridors of international trade and finance....
GBPJPY Long trade 1. Weekly Uptrend 2. Strong Bullish Candle 3. Candlestick reversal pattern at rejection of support 4. Currency Strengh Meter Confirmation 5. No high impact news tomorrow 6. Take Profit under local resistance 7. Take Profit in daily ATR range 8. BUY/SELL Indicator Confirmation 9. 2% Risk, 1:1 R:R
Daily: - Hedge position - Solid candle close - Fib completion -27 - BIG SELLING ZONE Weekly: - Weekly -27 fib completion - Impulse and correction - BOC is reached that aligns with big selling region *High chance on bearish pullback 4H: - Waiting on 1 more 4H candle close - Deceleration
Daily: - Inv H&S + Bullish M (Pattern in Pattern) - Bullish RC (took a lot of short orders out) - Daily pattern zone is still respected *Bigger impulse "FIB" is also active *Weekly zone is supports a lot why that last candle formed Weekly: - Market structure (bullish) - LCC / (But bulls are last active power) - Zone (bullish) - FIB (bullish) *Trading above...
We can attempt to short NZDCAD from specified level as it make double top pattern (Reversal pattern) , also there is bearish divergence indicate that it move downward. SL , TP mention in chart.
Bought yesterday, did the same two weeks ago before the BOJ intervention. Still a big diference in interest rates of both pairs. Be careful on JPY pairs , BOJ can intervene again. Fundamentals are everything.
BUY 1.07100 TP 1.08100 in forecast. EURUSD technical forecast, today.
Hello,Traders! AUD-CHF is trading in an Uptrend and the pair is Now trying to break the Key horizontal level of 0.5990 So If the breakout is confirmed Then we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
On 4h scale, Bearish reversal AB=CD Harmonic pattern has been drawn. Once the trend enters Potentially Reversable Zone (PRZ) and if RSI bearish divergence is also present then it will indicate a Bearish reversal. Also note that vale of C point retracement is 0.706 which is close to ideal 0.707 that corresponds to BC Projection of 1.41. Accordingly Point D has been...
A Decree to Diminish the AUDCAD Ah, dear interlocutor, allow me to discourse upon the forex pair AUDCAD with the eloquence and refinement befitting our station. The pairing of the Australian Dollar (AUD) and the Canadian Dollar (CAD) is a matter of profound interest and intrigue within the realm of foreign exchange. Both currencies hold sway over vast...
This chart depicts AUDUSD with Bearish AB=CD Harmonic Reversal Pattern indicating trend reversal at D.
The confluences that support the bullish bias 1. Price is within the Daily FVG 2. The third touch on the trend line confluences with the fvg zone 3. Buy side liquidity is a low resistance liquidity pool 4. there are no bearish structures
Greetings Traders! In this comprehensive video, I'll delve into the DXY and GBPUSD, offering valuable insights for the week ahead in trading. It's essential to adapt your strategies to the market conditions. Presently, we've witnessed a retracement to a significant point of interest, hinting at potential bearish momentum to follow. Stay tuned for the latest...
Hello,Traders! NZD-USD broke out of The big opening wedge Pattern and the breakout Is confirmed so we are Locally bullish biased And we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!