Trader
EUR/NZD Short, WTICO/USD Short and SOYBN/USD ShortEUR/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 15 min rejection or phase line break.
WTICO/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
USDJPY Forecast for the WeekThe USD/JPY pair is experiencing volatility this week, driven by economic indicators and central bank sentiments. Initially pressured by lower-than-expected April inflation data, the US dollar saw potential for Fed policy easing, though Fed representatives have remained cautious. Weak preliminary Japanese GDP figures further contributed to uncertainty, potentially delaying Bank of Japan interest rate hikes. Technically, the pair is within a long-term ascending channel, with resistance at 156.25 and support at 153.12. Technical indicators suggest an uptrend continuation, but traders are closely monitoring central bank actions and key levels for further direction.
Resistance levels: 156.25, 159.37, 162.50.
Support levels: 153.12, 150.00.
Long positions can be opened above the 156.25 mark with targets of 159.37, 162.50 and stop-loss around 154.00.
Short positions should be opened below the level of 153.12 with the target of 150.00 and stop-loss around 155.20.
EURUSD: Time For Pullback?! 🇪🇺🇺🇸
EURUSD may retrace from a key daily resistance.
The market looks quite overbought after yesterday's bullish rally.
As a confirmation, I see a bull trap on an hourly time frame
followed by a bearish imbalance.
Goals: 1.085 / 1.0835
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WTICO/USD Short and SOYBN/USD ShortWTICO/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
GBPCAD: Time to Move Down?! 🇬🇧🇨🇦
GBPCAD may drop from a solid falling trend line on a daily.
I see a strong intraday bearish confirmation after its test on an hourly time frame
- bearish breakout of a neckline of an inverted cup and handle pattern.
The price can retrace at least to 1.715
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EURUSD: Intraday Bullish Price Action 🇪🇺🇺🇸
Yesterday's US fundamental data made EURUSD very bullish
and the pair managed to violate a significant structure resistance.
Retesting the broken structure, the price broke a resistance line
of a bullish flag pattern on an hourly time frame,
indicating a highly probable bullish continuation to day.
Next resistance - 1.0835
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EUR/GBP Short and EUR/USD ShortEUR/GBP Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/USD Short
Minimum entry requirements:
• If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
GBPCAD: Your Trading Plan For Next Week 🇬🇧🇨🇦
GBPCAD formed an inverted cup & handle formation on a daily time frame
after a test of a key horizontal daily resistance.
To sell the market with a confirmation, I will look for a bearish
breakout of its neckline.
Daily candle close below 1.7087 will confirm a violation,
a bearish continuation will be anticipated at least to 1.7015 support then.
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Bitcoin $Btc #Btc KISS (keep it simple stup*d)
Your job is really so much easier than you think right now. Just buy the lines and sell the boxes and you'll be fine over the next few months.
IF you get scared and feel your bag is bigger than you are comfortable with on the way down the begin using the same lines above as you get below them to trim on the way back up just enough to stay within your comfort levels.
In the BIGGER picture i think this cycle is far from over and there will be plenty more opportunities along the way to make $ buying the lows and selling the highs.
#Bitcoin
GBPUSD: Top-Down Analysis & Trading Plan 🇬🇧🇺🇸
On the today's live stream, we discussed GBPUSD.
The pair is currently testing a key horizontal demand zone on a daily.
Our to signal to buy the market with a confirmation, will be a bullish
breakout of a horizontal neckline of a double bottom pattern on 1H time frame.
An hourly candle close above 1.2502 will confirm the violation.
A bullish continuation will be expected at least to 1.2527 level then.
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CADCHF: Bearish Outlook Explained 🇨🇦🇨🇭
CADCHF pair broke and closed below a solid intraday horizontal support.
After a violation, the market retested the broken structure and started to consolidate.
A bearish breakout of a support line of a consolidation range gives us a strong bearish confirmation.
It increases the probabilities that the fall will continue.
Goals: 0.6587 / 0.6567
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GBP/USD Short, EUR/GBP Short and EUR/USD ShortGBP/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
EUR/GBP Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/USD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EURNZD: Bearish Pattern?! 🇪🇺🇳🇿
EURNZD formed a head & shoulders pattern on a daily time frame.
The price successfully broke and closed below its neckline.
We see its deep retest at the moment.
I believe that the pair should start falling soon.
Goal - 1.789
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