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GBPAUD-SELL strategy 3 hourly chart GANN SQI underestimated the move upwards, but as they say, if one manages for value, scaling in and managing leverage is the key to ensure we create the opportunities. There are different methods, but valuation is the key. I hope it has not become to harsh on any of you, as these markets take everyone to the cleaners, if not careful. Back to business, we are way overextended across the board and stochastic, RSI and we are now in a corrective wave as well, suggest we see first return near 2.0100 again. Strategy SELL @ 2.0200-2.0250 and take profit near 2.0095 - 2.0110 window.
Short
by peterbokma
1
AUD/CAD 4H Timeframe AnalysisAUD/CAD 4H Timeframe Analysis Trend: In the 4H timeframe, the AUD/CAD pair is currently in a downtrend, characterized by the formation of lower lows and lower highs. Recently, we have seen the formation of a bull flag pattern, which typically signals a potential reversal or continuation of a bullish trend. The price has broken through two minor key support levels at 0.90600 and 0.89800. Our objective now is to wait for the price to retest the 0.90200 level, which may lead to an accumulation phase for buy orders. We anticipate a potential manipulation phase, or stop-loss hunt, below the minor key support and within our liquidity zone. Following this, we will wait for the price to return and break above the minor key support before taking action. Price Action Expectation: We expect that the bull flag formation could signal a breakout to the upside. Once the price breaks above the minor key support, it could trigger further buying momentum. Our goal is to place a buy stop order above the 0.90200 level, once the price demonstrates strength in breaking through, while protecting our position with a stop-loss below the liquidity zone. Trade Setup: Trade Type: Buy Stop Entry Price: 0.90100 (just above the minor key support) Stop Loss: 0.89380 (positioned below our liquidity zone to protect against adverse movements) Take Profit: 0.91590 (targeting the next key resistance level) Upcoming News (Fundamental Outlook): This Friday, we have important economic data from Canada that could influence the price of AUD/CAD: Core Retail Sales m/m (Canada): Expected at 0.2% (previous: 0.9%) Retail Sales m/m (Canada): Any surprises in these retail sales figures could affect the CAD strength. A weaker-than-expected reading may lead to bearish pressure on CAD, which would support our bullish outlook for AUD/CAD.
Long
by RebornFXTrader
1
EURJPY, BOJ didn't increase the ratesEURJPY / 1D Hello Traders, welcome back to another market breakdown. EURJPY is showing strong bullish momentum after the BOJ's decision not to increase rates, breaking through key resistance levels and signaling a potential continuation to the upside. However, the price is making new highs for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
Long
by BTM-LEO
9
EURUSD Downtrend Holds Steady: Time to Go ShortEURUSD experienced a sharp decline earlier today, following the release of key economic data that spurred renewed bearish momentum. The market reaction was swift, with sellers overwhelming buyers and driving the price lower. After this initial move, the pair is now staging a pullback, attempting to recover some ground as it approaches a critical resistance zone. This retracement presents a significant technical setup that could dictate the pair’s next major move. The current pullback is bringing the price closer to the resistance zone around 1.04300, a level that has proven pivotal in the past. Historical price action highlights this area as a confluence zone, marked by prior reversals and intensified trading activity. As the price approaches this region, signs of exhaustion are becoming increasingly evident. On closer examination of the candlestick patterns, rejection candles—characterized by long upper wicks and small bodies—are forming near this resistance level. These candles suggest that buyers are struggling to push the price higher, while sellers are beginning to regain control. A deeper look at the 1-hour chart reveals a clear ABCD pullback pattern, a widely recognized harmonic structure in technical analysis. This pattern indicates a measured retracement within a broader downtrend, providing traders with potential entry points for the continuation of the trend. In this case, the "AB" leg represents the initial bearish impulse, the "BC" leg corresponds to the current corrective move, and the anticipated "CD" leg signals the likely continuation of the downward movement. If the pattern completes as expected, the price is likely to reverse from the resistance zone near 1.04300 and resume its descent. The broader market sentiment further supports a bearish outlook. Macroeconomic conditions, combined with the technical dynamics of the pair, point to continued selling pressure. The recent news release acted as a catalyst, intensifying the downward momentum, and this sentiment is unlikely to change unless there is a significant shift in market fundamentals. Additionally, the lack of follow-through by buyers in the pullback phase underscores the strength of the prevailing bearish trend. From a technical perspective, the resistance zone around 1.04300 holds immense importance. Not only does it align with the upper boundary of the ABCD pattern, but it also coincides with a key Fibonacci retracement level and a psychological price barrier. These overlapping factors create a strong confluence area, increasing the likelihood of a reversal. If the price fails to break above this zone, the bearish momentum is expected to accelerate, targeting the next significant support zone around 1.03260. The support zone at 1.03260 represents a critical area where buyers may reenter the market. This level has acted as a demand zone in the past, providing temporary relief from selling pressure. However, given the strength of the current bearish trend, a test of this level seems increasingly likely. Traders should watch for additional confirmation signals, such as bearish candlestick formations or increased selling volume, as the price approaches the resistance zone. It’s also worth considering potential invalidation levels. Should the price manage to break and sustain above the 1.04300 resistance, the bearish scenario would need to be reassessed. Such a move could indicate a shift in market dynamics, opening the door for a potential bullish reversal. However, until that happens, the dominant trend remains bearish. In conclusion, EURUSD continues to exhibit strong bearish momentum, with the current pullback offering an opportunity to position for the continuation of the downtrend. As the pair approaches the 1.04300 resistance zone, the technical and fundamental landscape suggests that the bearish trend is likely to resume. My primary target remains the support zone at 1.03260, which aligns with prior swing lows and key technical levels. Traders should remain cautious and monitor key levels closely, ensuring that their risk management strategies are firmly in place.
Short
by lonelyPlayer0
DeGRAM | EURGBP rebound from 62% retracement levelEURGBP is in a descending channel above the descending wedge formed by the trend lines. The price is moving from the lower trend line and the lower boundary of the channel. The chart has already consolidated above the upper trend line and is now above the support level coinciding with the 62% retracement level. We expect the rebound to continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
7
EURJPY Under Pressure! SELL! My dear friends, Please, find my technical outlook for EURJPY below: The price is coiling around a solid key level - 163.20 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 161.54 Safe Stop Loss - 164.03 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPCHF Ahead of the BOE Interest Rate DecisionGBPCHF Ahead of the BOE Interest Rate Decision Today, the Bank of England (BOE) is expected to release its rate decision. The BOE is anticipated to keep rates unchanged at 4.75%. If this happens, the GBP could see slight bullish momentum, but nothing significant. However, considering the improving UK data over the past month, we could see a weaker GBP , if the BOE cuts rates. The price has already broken out from a bearish pattern. This movement is very risky, as it is mainly based on the BOE Interest Rate Decision. These events can easily invalidate patterns, so it is advisable to be cautious. 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
4
GBPAUD move lower to mid point of trendMacro trendline is bullish. Alert placed around 1.99 for a short to 1.97 (200pips). Id like to see a internal liquidity sweep inside the 4H FVG and well inside the premium zone. Target would be 50% fib level and weekly support at 1.97. A break of this zone could see a deeper move to grab Liquidity at 1.95. News this week will determine the size of the move.. GBP news - unemployment rate - PPI - inflation rate - interest rate decision - retail sales (less important) This is an idea only, do your own research. Happy trading
Short
by PLaceUrBetsPlease
USDCAD (4D) HIGH-RISK OPPORTUNITY, DTA Cautious Downtrend Retracement in an Upward Trend The USDCAD pair is currently experiencing a short-term retracement within a longer-term uptrend. While the overall trend remains bullish, it's important to exercise caution as we approach key support and resistance levels. Key Levels to Watch: Pivot High @ 1.4238 Resistance, Major @ 1.4209 SLO2 @ 1.4188 📉 SLO1 @ 1.4087 ⏳ TP1 @ 1.3894 TP2 @ 1.3733 TP3 @ 1.3614 TP4 @ 1.3430 BLO1 @ 1.3386 ⏳, minor support BLO2 @ 1.3279 ⏳, above major support Support, Major @ 1.3252 Pivot Low @ 1.32286 Trading Strategy: Consider buying or taking long positions below 1.3386. Be aware of the potential for a sharp reversal. Maintain a bullish bias. Be prepared to adjust your position based on market developments. Risk Management: A tight stop-loss order is crucial to limit potential losses. Manage your risk by avoiding over-leveraging your positions. Remember, technical analysis is a valuable tool, but it's not foolproof.
Short
by ProfessorCEWard
USDJPYHere is our in-depth view and update on USDJPY . Potential opportunities and what to look out for. This is a long-term overview on the pair. Alright first, let’s take a step back and take a look at USDJPY from a bigger perspective. For this we will be looking at the H4 time-frame . USDJPY is currently trading at around 151.800 after making its correction down to 150.400 . Scenario 1: SELLS from higher levels (153.300) We are at 153.300. That would confirm our pullback to the uspide and as long as it’s respected, we should continue to the downside to our next KL (Key Level) sitting at 150.400. Scenario 2: SELLS from 150.400 We dropped down to our Key Level 150.400 . If broken we should see more sells down to our targeted zones 149.500 - 149.000 . Scenario 3: BUYS from 154.700. We broke above 154.700 and are trading above it. We should see more upside potentially reaching new highs at around 158.800 . Personal opition: The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at 153.000 - 153.300 . Be patient and stay tuned for updates on this pair. KEY NOTES - USDJPY breaking below 150.400 would confirm sells down to 149.500 - 149.000. - USDJPY failing to break above 153.300 would confirm sells. - Breaks above 154.700 would show signs of reverse and could potentially rise up to 158.800. Happy trading! FxPocket
by FxPocket
Downward Pressure Persists as Yen Strengthens on Rate Hike HopeHey Realistic Traders, Will OANDA:CADJPY continue its bearish trend? Let’s Dive In.... In the H4 timeframe, CADJPY has broken out of a distribution phase as it continues to move below the bearish trendline and the EMA-200 line. The pair also formed a Rising Wedge pattern, followed by an impulsive breakout, which strongly indicates the continuation of the prevailing bearish trend. Further confirming this outlook, the MACD momentum indicator has signaled a bearish crossover, strengthening our bearish hypothesis. Given these technical factors, we anticipate a potential downward movement toward the nearest historical support area (Target 1) at 105.955. After reaching this level, we foresee a minor correction back to the green zone before the pair resumes its bearish journey to the second target at 104.902. However, this bearish outlook remains valid only if the price holds resistance below the critical stop-loss level at 108.976. Fundamental Reason Supporting Yen Strength: The Bank of Japan (BOJ) is signaling further rate hikes as economic data, including wage growth and inflation, align with its projections. BOJ Governor Kazuo Ueda recently suggested that another rate hike is "nearing," citing steady progress in economic conditions. This hawkish stance further supports the bearish outlook on CADJPY, as a stronger yen typically exerts downward pressure on the pair. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY".
Short
by financialfreedomgoals101
GBPCAD A Fall Expected! SELL! My dear subscribers, My technical analysis for GBPCAD is below: The price is coiling around a solid key level - 1.8206 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.8179 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1