Pips
GBP/AUD looking for movements back into 1.7500...1.7500 is the next immediate downside target for GBP/AUD. The fundamentals heading into next week are looking bleak for the pound and continued weakness across the board is to be expected from the worse than expected GDP growth rate.
Further downside could be expected past this target looking beyond next week. Lets see how strong this bearish closure will be for this week.
Further bullish momentum coming on the Dollar...With more strong data on the USD coming out by the minute a further extension higher is to be expected for the remainder of this month.
110.00 looks to be an ideal upside target with many confluences. A large multi month uptrend and Fibonacci seems to be playing out well and this up trend is being respected on most of the timeframes.
Downside opportunities may come after 110.00 has been successfully met. The current movement higher is likely to continue for now.
Head and Shoulders pattern on EURJPYBased on technical factors (Head and Shoulders) there is a long position in :
📊 EURJPY
🔴 Short Now 133.500 or Retest Neckline
🧯 Stop loss 138.650
🏹 Target 1 130.140
🏹 Target 2 124.600
💸Capital : 1%
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GBP/JPY: Wow +120 Pips Profits In The Last Shared SignalThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUD/USD getting magnetised to that 0.7000 handle...AUD/USD is still looking to land at 0.7000. The last breakdown we did on this pair was above 0.7150, since then we did decline slightly but overall moved sideways.
If we can continue with this bullish momentum on the dollar then 0.7000 may be the first target of many to the downside on this pair.
This 2-Hour 200 MA is providing strong resistance with many bearish confluences across all timeframes. Upside scenarios are not present at this stage.
Trading opportunity in SHIBUSDTon GBPUSDBased on technical factors there is a long position in :
📊 GBPUSD
🔵 Long Now 1.25600
🧯 Stop loss 1.24000
🏹 Target 1 1.26300
🏹 Target 2 1.27550
🏹 Target 3 1.29000
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
USDWTI H4 - Short From ResistanceUDSWTI H4
Initial area of resistance had broken, and we have made slight adjustments to the resistance price/zone here. Very clear trading zone, something I'm taking short on from the details indicated.
Strong 8.5R from resistance down to support. And 3.75R to interim resistance.
GOLD looking likely to rebound, but expect manipulation...The zone/region just above $1,850 should provide an area of support for a potential rebound and recover some of its earlier losses this week.
I wouldn't jump in long at this point as we are looking to experience more manipulation in sight of the fed interested rate decision later tonight. But at this price point we could see a new leg to the upside approaching. Especially as we are now resting on the 200 DMA.
Gold D1 - Short SetupGOLD D1
Gold seeing some break and retest play. Zones have been broken and well respected. Solid wick retest into that 1917 region before then seeing the same play around that 1900 price.
Target it 1827 respectively... with 1850 being the next area of support if we can blitz through this 1880 active support.
BTC USD Buy stop...Performed a buy stop at EP of 39907.96 and it hit the S/L at 39233.17 due to the retest of the support line. loss of 675 pips on a 0.01 lot size. BTCUSD is very volatile. I have to remember to be more careful when dealing with this pair. More patience and discipline is needed. For FMI (Forex Mastery Institute Studies).
1.0500 has been found on EUR/USD...Prior chart:
We recently broke down this pair at the zone just above 1.0850 with anticipations of nearly a 400 pip move down to 1.0500 which has now been precisely met.
The dollar strength is still showing strength and this could continue in the coming weeks. Further dollar news is coming in this afternoon so make sure you trade safe.
USDJPY We can see bullish flag pattern on usdjpy which means is the continuation to the upside after the retracement to the downside, you can ride this trend to 129.430 level for safe take profit
do not use more than 2% of your account on a trade
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EURUSD SHORTEURUSD Sell Idea
Entry; 1.06900
SL; 1.07100 (20PIPS)
TP; 1.05568(About 135Pips)
My trade Idea is very simple. Looking at the Dxy, my bias tells me its bullish.. price has been buying on the DXY, now price went for a little retracement on the DXY.. this enable me looked for a retracement on the EURUS too and i looked for a Sell / Short entry.
The reason why i set my Tp at about 135 is because i expect price to buy up to a particular resistance zone on the dxy.. if price buys up to that zone, EURUSD would keep falling and i'd hit my TP.
Kindly use proper risk management if you find this setup okay by you.
#SmokingPips
EUR/USD heading towards 1.0500...After reviewing the strength building on the dollar, it is clear to see the strong trends forming across the major currency pairs.
1.0500 is the next weekly/monthly directional target to the downside sitting almost 400 pips away.
We have a small amount of US and EU news heading into the final stages of this week. However we are looking at long term possible strong movements into fresh yearly lows for this pair.