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EURUSD - 4hrs ( Buy Trade Target Range 200 PIP ) 🟢 Pair Name :EUR/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) ——————————— Bullish Break 1.08600 Area Reasons - Major Turn level - Visible Range Hvn - Fixed Range Hvn - Channel Break - Choch Zone Bearish Reversal 1.10400 Area
Editors' picks
Long
by GoldenEngine
6
GBPUSD - 4hrs ( Buy Trade Target range 150 PIP ) 🟢 Pair Name :GBP/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Short ) ——————————— Bullish Break 1.30000 Area Reasons - Major Turn level - Visible range Hvn - Major Choch Zone - Channel Break Out - Fibo Golden Bearish Reversal 1.31500 Area Reasons - Major Turn level - Visible Range Lvn - Major Channel Middle line - Year High Area - Key level / Quarters Zone
Long
by GoldenEngine
EURCHF - 4hrs ( Buy Trade Target Range 150 PIP )🟢 Pair Name :EUR/CHF Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) ——————————— Bearish Break 0.94000 Area Reasons - Major Turn level - Visible Range Lvn - Fibo Golden - Choch Zone / Major - Clusers Low's Area Bearish Reversal 0.95600 Area Reasons - Major Turn level / M - Visible Range Lvn - Pattern Target - Month High - Fixed Hvn - Fibo Golden
Long
by GoldenEngine
EURO - Price can move up to resistance level and continue fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to falling channel, where some time declined near resistance line of channel. Later it bounced and fell to support line of channel, but soon backed up to resistance line, after which continued to fall. Soon, Euro broke $1.0840 level, which coincided with resistance zone, and exited from falling channel. Then price started to trades inside flat, where it declined to support area and then bounced up to $1.0840 level. After this, price made a correction and then backed up to this level, but recently started to decline. In my mind, EUR can make movement up to resistance level and then continue to fall to $1.0765 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
Lingrid | AUDUSD Possible CHANNEL Breakout: Buying OPPORTUNITY FX:AUDUSD showed bullish momentum after bouncing off the support level, following a bullish divergence at that point. The market's recent move upward, particularly after taking liquidity below the 0.65500 level, suggests a short-term shift in sentiment. I expect that the market may be forming an ABC pattern heading toward the resistance zone, which could lead to a breakout of the channel. Additionally, the TVC:DXY has formed a bearish long-tailed bar at its resistance zone and is currently showing signs of moving down. This development is likely to support further bullish movement in the AUDUSD market. My goal is resistance zone around 0.66100 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
5
EURJPY → Buyer pressure is mounting. Pre-breakout consolidationFX:EURJPY is forming quite an interesting situation on the background of inaction of the Japanese Central Bank (weakening of JPY exchange rate) as well as strengthening of EUR. The currency pair has been in the realization phase for more than a week. Based on the general assumptions, we can assume that this is not the end and the growth may continue. An ascending triangle is being formed on H1 (pre-breakout consolidation) against the resistance at 166.065. Accordingly, this level is a trigger. Within the general technical and fundamental environment, we can conclude that the currency pair is preparing for the continuation of growth. If the bulls are able to overcome 166.06 and keep the defense above this zone, we should expect the continuation of the growth in the short and medium term. Resistance levels: 166.06, 166 Support levels: 165.68, 165.14, 164.95 The trend is bullish, buyers are actively defending the trend support. All market pressure is focused on the resistance. A break of the level may provoke a strong upward impulse Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURJPY ;) Regards R. Linda!
Long
by RLinda
4
GBPAUD Completes Same Harmonic Pattern TwiceGBPAUD Completes Same Harmonic Pattern Twice GBPAUD has completed a bearish harmonic pattern for the second time near a strong daily zone. This area has previously pushed the price down multiple times. Additionally, this week, the Reserve Bank of Australia (RBA) sent a hawkish message regarding its economy, supporting AUD strength. Although the impact was not immediate, it may support AUD in the coming days. GBPAUD is expected to reach 1.9600 as a minimum correction, with the second target at 1.9400 and the third at 1.9200. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
11
GBPCHF H1 short from resistance tp +90 pips🔸Hello traders, let's review the 1hour chart for GBPCHF today. We are recently trading in well defined range so it's recommended to short sell from heavy overhead resistance, we got clearly defined S/R zones on the 1hour price chart. 🔸Resistances at 1265 1285 1310. Supports at 1215 1195 1165. Currently short-term weak bounce in progress will most likely get faded from resistance. 🔸Recommended strategy for GBPCHF traders: focus on short selling high near 1285 price cluster SL fixed at 25 pips TP1 +45 pips TP2 +90 pips. Expecting rejection from overhead resistance and re-test of the mid of the prior accumulation range. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
23
Hellena | EUR/USD (4H): Long to the resistance area 1.09508.Dear Colleagues. I have redrawn the waves and it seems that the price has not reached the minimum values yet. Apparently wave “4” is the longest correction we have had recently. According to the data, the price tends to the area of strong resistance at 1.07575. This will be the completion of the corrective wave “C”. Then I would still like to see an upward movement with a renewal of the upper levels. At a minimum, I expect to reach the 1.09508 area. A more risky entry into a long position is possible - from current levels. And a more conservative entry is possible - from the area of 1.07575. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
35
USDJPY_109 2024.10.30 17:50:03 Trading Signal BUYFrankPro Signal for USDJPY_109 Type: Screen Signal: BUY TP: 153.98 SL: 153.112 Entry Price: 153.236 Analysis for USDJPY Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here is my assessment of the USD/JPY pair's expected price movement: **Short-term (next few days):** * The pair is expected to face selling pressure near 150.00, and a break below 150.05 could indicate a continued decline to below 147.25. * The mean reversion rebound may have reached an overstretched condition, suggesting a potential pause in the upside momentum. * The daily RSI has flashed a bearish condition, indicating a potential pause in the upside momentum. * FX option expiries at 151.00, 152.00, and 152.50 could influence price movements around these levels. **Expected short-term price movement:** Down **Long-term (next few weeks/months):** * The technical overview and forecast suggest that the pair is expected to test the support area near 151.65 before potentially rebounding and continuing its growth to the area above 159.05. * The Elliott Wave analysis suggests that the main scenario indicates a potential drop to levels between 138.08 and 131.25 if the price holds below 151.54, but an alternative scenario indicates a potential rise to levels between 153.88 and 156.74. * The moving averages suggest a short-term bullish trend, but a bearish correction is anticipated before further growth. **Expected long-term price movement:** Up, but with a potential bearish correction before further growth. Please note that these assessments are based on the provided analysis and are subject to change as new data and events emerge. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here is my assessment of the expected price movement for the USD/JPY pair: **Short-term (next few days):** * The pair is facing selling pressure near the 150.00 level, and technical analysis suggests a potential drop to 138.08-131.25 if the price holds below 151.54. * However, the forecast for October 30, 2024, indicates an attempt to test the support area near 151.65, followed by an upward price rebound. * Given the conflicting signals, I would say that the short-term price movement is uncertain, but slightly leaning towards a **downward** movement, with a potential target of 147.25 if the pair breaks through 150.05. **Long-term (next few weeks/months):** * The US Dollar's outlook remains firm due to expectations of moderate interest rate cuts by the Federal Reserve, which could support the USD/JPY pair. * Japan's National core CPI acceleration could lead to interest rate hikes by the Bank of Japan, which could weaken the JPY and support the USD/JPY pair. * Technical analysis suggests a potential rise to 153.88-156.74 if the price breaks above 151.54, and a clearance above 149.30 could extend the mean reversion rebound to 151.95. * Based on these factors, I would say that the long-term price movement is expected to be **upward**, with a potential target of 159.05 or higher. Please note that these assessments are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for the USD/JPY pair: **Short-term (next few days):** * The pair is expected to test the support area near 151.65, which suggests a potential short-term decline. * However, the forecast also mentions a potential rebound upwards to continue growth above 159.05, indicating a possible short-term bounce. * Overall, the short-term outlook is neutral to slightly bearish, with a possible range-bound movement between 151.65 and 159.05. **Long-term (next few weeks/months):** * The technical analysis suggests that the pair is moving within a bullish channel, indicating a long-term uptrend. * The forecast mentions a potential growth above 159.05, which supports the long-term bullish outlook. * The fundamental factors, such as the potential interest rate hike by the Bank of Japan and the US Federal Reserve's interest rate cuts, also support the long-term strength of the US Dollar. * Overall, the long-term outlook is bullish, with a potential target above 159.05. In summary, the USD/JPY pair is expected to experience a short-term decline or range-bound movement, but the long-term outlook remains bullish, with a potential target above 159.05. Result: ST=Down LT=Up
Long
by orbborisson
3
Euro can fall to support level and then start to move upHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once rebounded up. Price in a short time rose to 1.1210 points and then turned around and started to decline inside the downward channel. In the channel, the price soon broke the 1.1085 level and then fell almost the support line of the channel, after which EUR bounced and continued to decline. Later Euro fell to the support level, which coincided with the support line of the downward channel with the buyer zone. After this, the price continued to decline and soon, broke the 1.0810 level and entered to buyer zone, after which turned around, and some time traded between support level. Last time, the price fell to the buyer zone and then rebounded up, thereby breaking the 1.0810 level again, and then exited from the channel too. At the moment, I think that Euro can correct to a support level and then start to grow. For this case, I set my TP at 1.0980 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
Lingrid | GBPUSD buying OPPORTUNITY from the SUPPORT zoneFX:GBPUSD broke below the previous support level but has formed an inverse head and shoulders pattern at the psychological level of 1.3000. As the market approaches this level, it has been decelerating and it created bullish divergence. The price bounced off the channel border and has closed above the psychological level making higher lows. Additionally, since the TVC:DXY has formed a triple top at the resistance zone, it suggests that it may be poised for a downward correction. My goal is resistance zone around 1.31100 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
7
USDJPY today The USDJPY chart shows a clear downtrend after breaking out of the highlighted price consolidation zone. The pair initially held within a tight range (indicated by the shaded box), but a decisive bearish breakout occurred, signaling a shift in momentum favoring the sellers. The price is now trading below both the 34 and 89 EMAs, reinforcing the bearish sentiment. Key levels to watch include the immediate support around 151.454, which aligns with previous lows. The chart suggests further downside potential if this support level fails to hold. The projected arrows indicate potential retracement levels where price may attempt a short-term recovery before resuming the downtrend.
Short
by Pierce_Bowers
1