Get started

Forex market

USD/JPY Delivers Exactly as Predicted—Next Stop: 161.92?Daily Context: The daily timeframe continues to respect the bullish structure, with strong upward momentum intact. We’ve successfully broken the last high, achieving the medium-term target of 156.74. My long-term target of 161.92 remains firmly in place, aligning perfectly with the broader trend. 4H Perspective: The market played out exactly as we talked about in the last analysis. After the accumulation phase, the breakout was clean, and the price delivered a strong markup, reaching 156.74. This perfectly confirms the bullish shift we anticipated following the distribution phase and validates the daily demand zone as a solid foundation for upward movement. Updated Trade Plan: Now that 156.74 has been achieved, I’ll monitor for a potential pullback into the 155.50–156.00 zone for a continuation setup. If the bullish structure holds, the next target remains 161.92, which aligns with the higher timeframe trend. 💡 Key Takeaway: Patience and structure-based trading paid off here—once again, the market delivered exactly as expected. The most important thing is to trade markets with clear context and solid setups. Stay focused, and let the market come to you!
Long
by TraderOuss_LumaNex
A Delicious Mouth-watering Sell on EURUSDA delicious Set Up is cooking on EURUSD! Higher time frames are on a selling season We will be looking for a major sell at 1.04880 with Stop Loss at 1.04951 and TP at 1.03443. This is a beautiful High Probability set up at a key Supply Zone. How to enter safely? Once price reaches 1.04880, wait for lower time frame confirmation (a change of character and formation of a new order block on 1 minute + the mitigation of that order block before entering for safer entry.) Enter the trade immediately at the mitigation of the 1 minute order block.
Short
by Alpha_Trader_GOD
2
Trading AUDUSD and NZDUSD | Judas Swing Strategy 16/12/2024Last week was a slow period for trading with the Judas Swing strategy. We were presented with only two trading opportunities on GBPUSD and AUDUSD, resulting in a win and a loss respectively, yielding a 1% gain for the week. With that in mind, we are eager to explore the opportunities that may arise this week. For the Judas Swing strategy, we focus on identifying setups on the following trading pairs: AUDUSD, NZDUSD, GBPUSD and EURUSD. At 09:30 EST, the market swept liquidity on the sell side of AUDUSD, signalling potential buying opportunities for the session. Shortly after, a similar sweep occurred on the sell side for NZDUSD signalling potential buying opportunities for this currency pair as well. Now, all we need is a break of structure to the buy side. After patiently waiting, we identified similar setups on both AUDUSD and NZDUSD, which are closely correlated pairs, often moving in tandem due to their economic ties and similar market influences. Following the break of structure (BOS), price retraced into the Fair Value Gap (FVG). Once the candle closed, both pairs met the entry criteria outlined in our checklist, allowing us to execute our trades. The AUDUSD trade hit take profit (TP) with minimal drawdown, delivering a 2% return in just 55 minutes. Meanwhile, the NZDUSD trade on the other hand came close to hitting TP but experienced a slight retracement that temporarily delayed reaching the target We revisited the NZDUSD position, and once again, it edged closer to the TP only to retrace again, frustrating, isn’t it? That’s the nature of trading, it takes you on an emotional rollercoaster. This is why it’s crucial to only risk what you can afford to lose, ensuring you can manage these emotions effectively. After patiently waiting, our perseverance paid off as the NZDUSD trade finally hit TP after 8 hours and 25 minutes, rewarding us with a 2% return. Combined with the AUDUSD trade, we were up 4% on Monday an incredible way to kick off the week!
Education
by CleoFinance
GBP/USD Analysis:Hello Dear Traders, Take a look at the weekly chart; a clear bullish channel is evident here. We tend to long the pair in this situation, given that we are around the bottom of the bullish channel. However, I don't trade based on the weekly channel. On the daily chart, we see a bearish trend line and a gap towards the bottom of the channel. Breaking above the trend line on the daily chart would indicate more bullish movements in the future. However, examining the 2-hour chart, it appears that there might be a reversal following a strong bearish candle. This candle was formed due to the FOMC voting, and I believe there may be some sell orders left from that. Therefore, I predict more bearish movements on the 2-hour chart during the reversal.
Short
by AliSignals
Bearish Butterfly Pattern at 2.0287: Potential PullbackPEPPERSTONE:GBPAUD The pair is currently forming a bearish butterfly pattern at the 2.0287 level, aligning with the 127% Fibonacci extension. This setup indicates a potential pullback toward the Fibonacci retracement levels, projected below 1.9850. This scenario implies a retest of the weekly fractal resistance, broken at 1.9884. Bearish butterfly pattern forming at the 2.0287 level. Suggests a potential pullback; Pullback target: Fibonacci retracement levels below 1.9850. Potential retest of weekly fractal resistance at 1.9884. Signs of bearish divergence emerging on the RSI. Note: Ensure proper risk adjustments and capital protection by setting stop-loss orders and managing position sizes accordingly to mitigate potential downside risk.
Short
by Andre_Cardoso