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NZDCAD TRADE PLAN (MULTIPLE HIGH-PROBABILITY SETUPS)🔹 Plan A: Swing BUY Trade (Counter-Trend Reversal Setup) 📌 Entry: Buy at 0.8080–0.8060 (Liquidity Grab & Demand Zone). 📌 Stop Loss (SL): Below 0.8040 (Safe Level). 📌 Take Profit 1 (TP1): 0.8125 (First resistance & breakout level). 📌 Take Profit 2 (TP2): 0.8150 (HTF Resistance). 📌 Take Profit 3 (Final TP3): 0.8200 (Supply Zone). 🎯 Risk-to-Reward (R:R): 1:4+ (High Probability Trade). ✅ Confirmation Needed: Bullish engulfing or rejection wick at 0.8080. H1 Close above 0.8100 for safer entry. Divergence in lower timeframe (M15/M30) supports the buy. 🔹 Plan B: Continuation SELL Trade (Trend Continuation) 📌 Entry: Sell at 0.8120–0.8150 (Retest of broken structure). 📌 Stop Loss (SL): Above 0.8180. 📌 Take Profit 1 (TP1): 0.8100 (Short-term level). 📌 Take Profit 2 (TP2): 0.8080 (Major demand zone). 📌 Final TP3: 0.8050 (Liquidity zone). 🎯 Risk-to-Reward (R:R): 1:3+ (Solid trade). ✅ Confirmation Needed: Bearish engulfing at 0.8120–0.8150. H1 Close below 0.8100 confirms sellers in control. 🔹 Plan C: Extreme BUY Trade (Deep Liquidity Grab & Strong Reversal Setup) 📌 Entry: Buy at 0.7980–0.8000 (HTF Demand & Liquidity Grab Zone). 📌 Stop Loss (SL): Below 0.7950 (Safe Level). 📌 Take Profit 1 (TP1): 0.8050 (Previous demand). 📌 Take Profit 2 (TP2): 0.8080 (Mid-range). 📌 Take Profit 3 (Final TP3): 0.8125+ (Reversal target). 🎯 Risk-to-Reward (R:R): 1:5+ (High Precision Setup). ✅ Confirmation Needed: Bullish engulfing/rejection wick at 0.7980–0.8000. H1/H4 closes strong bullish to confirm buyers stepping in. Divergence on M15/M30 for added confluence. 📌 FINAL DECISION (How to Trade This) 1️⃣ If price reaches 0.8080–0.8060 and shows bullish confirmation → BUY Plan A is activated. 2️⃣ If price rejects 0.8120–0.8150 with bearish signs → SELL Plan B is activated. 3️⃣ If price breaks below 0.8060 and drops to 0.7980–0.8000, wait for confirmation → BUY Plan C is activated. 🚀 Smart Money Execution—No Rushing, Only High-Probability Trades!
by jibkhan111
USDJPY InsightWelcome, everyone! Please share your personal opinions in the comments. Don’t forget to hit the booster and subscribe! Key Points -The U.S. government has decided to delay the imposition of tariffs for one month through the deployment of border patrols with Mexico. Tariffs on Canada have also been postponed for a month. - The President of Mexico announced on X (formerly Twitter) that a series of agreements had been reached during a call with U.S. President Trump. Trump also posted on Truth Social confirming the one-month postponement. - President Trump stated that he would engage in talks with China within 24 hours, mentioning the Panama Canal and hinting at using tariffs as a negotiation tool. - The summary of the Bank of Japan’s monetary policy meeting minutes indicated a hawkish stance on interest rates. Due to uncertainties like Trump’s tariff threats, the yen is gaining traction as a safe-haven asset, leading to increased demand. - Tariff threats from Trump towards the EU have decreased demand for the euro, while the UK has seen an increase in demand following Trump's remarks suggesting room for negotiation. Major Economic Events This Week + February 5: U.S. Department of Labor JOLTS, ADP Nonfarm Employment Change + February 6: Bank of England Interest Rate Decision + February 7: U.S. January Nonfarm Payrolls, Unemployment Rate USD/JPY Chart Analysis After facing resistance at the 159 level, the pair has been on a gradual downtrend. Currently, it is consistently finding support at the 154 level. While it’s difficult to conclude that the previous uptrend has been fully broken, the confidence in a bullish outlook has significantly weakened compared to before. This week, we will determine the direction based on the 154 and 156 levels. A drop below 154 will indicate a bearish trend, while a breakout above 156 will suggest a bullish trend.
Long
by shawntime_academy
USD/JPY: Dips below 154 have been short livedThis is a quick and simple setup based around the assumption that support will continue to hold for USD/JPY. The market found support at a high-volume node (HVN) last week. And each time the market has either tested or traded beneath the 154 handle, it has been accompanied by heavier volumes and a subsequent move higher. This suggests bears have been burned trying to short at the cycle lows and then forced to capitulate. Given we're in the Asian session with no top-tier calendar events, and for now at least Trump's tariff headlines are in the rear-view mirror, we're looking for another bounce from / false break of the 154 handle. As this is simply a mean-reversion setup, we're not looking for a home run. Matt Simpson, Market Analyst at City Index and Forex.com
Long
by CityIndex
EURCAD Aggressive Trade with Potential for Huge GainsI'll keep this short and to the point - Technical Outlook: Price recently hit a ceiling which has historically served as resistance (1.51750) , however we have been in an uptrend since late 2022. In Nov 2024 we saw bulls rally at strong levels of demand and continued to drive price upwards, creating a demand feed which price reacted off more recently (as shown on the chart). Once price reached the ceiling level, it took a nose dive UNTIL we saw it decelerate at the latest demand feed, which could potentially have a trove of resting orders ready to be filled. Trading Considerations: I will be keeping an eye on the 15m chart during London and NY sessions for bullish momentum to take hold. As it stands right now, a break above 1.49050 would be early signs to get involved. This can always change as new structure is formed on the LTF's but we are deep in discount territory. Watch for liquidity build up and volume to understand which LTF demand levels could hold during high volume sessions. Final Notes: As added confluence, this pair is currently oversold on the RSI. While navigating the LTF's make sure to adapt to changing conditions. Again, this is another trade which could potentially turn into a swing position (provided demand holds, we could see an upward move that finally breaks the ceiling). While the Euro continues to weaken against the USD, the Loonie should be able hold its own during this ongoing trade war (based on the fact that they've not just rolled over and do have some fight in them). We get to witness these scary times unfold - and it makes trading that much more exciting! Happy hunting predators! Apex out! OANDA:EURCAD FX:EURUSD OANDA:USDCAD
Long
by Apexfx_Alpha
NZD/USD – "Kiwi Surge: Elliott Wave Roadmap"🌊 NZD/USD – "Kiwi Surge: Elliott Wave Roadmap" 📢 Hello traders! Today, we’re diving deep into the Elliott Wave structure of NZD/USD (Kiwi). If you're trading AUD/USD, you'll notice how both pairs move similarly against the US Dollar. Currently, NZD/USD has completed a major corrective phase, and we're at a potential turning point where an impulsive bullish wave could take shape. Let's break it down! 🏆 Elliott Wave Breakdown: ✅ Macro Perspective: 1️⃣ The long-term structure suggests a corrective ABC pattern has completed, with Wave C reaching exhaustion. 2️⃣ A potential bullish impulse could now begin, with early confirmation levels. 3️⃣ The key trendline resistance must break to validate the bullish scenario. 📈 Bullish Scenarios: 🚀 Scenario 1 – Aggressive Bullish Idea: ✔️ A five-wave impulse should form from the current lows. ✔️ Breaking 0.5726 – 0.6039 confirms an early trend reversal. ✔️ First target: 0.6150 – 0.6540 (Wave C Projection). ✔️ A clear impulse structure in lower timeframes will add confirmation. 🔄 Scenario 2 – Conservative Bullish Idea: ✔️ If a corrective pullback occurs, it must hold above 0.5511 (Wave C low) to stay valid. ✔️ A three-wave correction (ABC) before five impulsive waves. ✔️ Breakout level: 0.6039, signaling a sustained uptrend. 📉 Bearish Invalidations: ❌ If price breaks below 0.5511, the corrective structure could extend further. ❌ Failure to break trendline resistance = continued range-bound movement. 🔥 Final Thought: 🌍 NZD/USD is at a critical inflection point. If the current wave count is correct, we could see a major rally similar to previous Elliott Wave patterns. Watch for confirmation signals—especially a strong five-wave structure on lower timeframes! 📊 What’s Your Bias? 💬 Will NZD/USD follow through with the bullish scenario or remain corrective? Comment below! ✅ Like & Share for more in-depth Elliott Wave insights! 🚀📈
Long
by Mehdi_Abbasi_EWP
EUR/USD Weekly OutlookMontly dolar chart reacted to the 0.7 FIBO and finish with Long legged Doji candle This week DXY again shows bullish strenght The dollar reacted to the weekly buy zone, previously the structure on the daily chart started to change to sell. Waiting price to retest previous supply zone and give confirmation on daily chart that price will continue lower. On EUR/USD the situation is reversed, on Friday the price closed H4 with bearish engulfing and It looks like it is ready to continue falling to the zones marked below, the daily fvg, and the lower extreme demand zone. If the price will move according to this scenario, I predict a drop in the first part of the week and a turn with the NFP news on Friday. Of course, this is just an idea and a scenario that, if valid with good confirmations on the daily/h4 chart, can bring good opportunities for trading.
by MarioM113
GBPJPY Expected Growth! BUY! My dear friends, GBPJPY looks like it will make a good move, and here are the details: The market is trading on 190.78 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 192.09 Recommended Stop Loss - 190.04 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
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