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NZD/JPY - Bullish continuationHello traders, welcome to the first long video analysis for the NZDJPY pair on this channel. Let's dive into the analysis for NZDJPY. Currently, we are looking at the 1-day timeframe. As we can see, the pair is in an uptrend, forming higher highs and higher lows. In summary, we can confidently label this as a bullish trend on the daily timeframe. Now, let's move to the 4-hour timeframe. Here, we notice that the price has recently broken a structure. To make an informed judgment about where the pair may head next, we need to understand the recent price structure. Interestingly, the price has experienced a strong bullish rally, also known as a bullish impulse move. This indicates a sharp surge in the buying direction. This significant movement of around 3.25% within just 1-2 days demonstrates the current strength in the bullish trend. Considering the breakout of the structure and the bullish impulse move, it becomes evident that the trend is healthy and robust. As trend traders, we prefer to go with the market flow and avoid initiating sell trades in such a strong bullish environment. Instead, we will patiently wait for the price to correct before considering further upside potential. Given the sizable move already made by the pair, it has become relatively expensive at its current level. Hence, we will wait for a logical level to enter the trade, where our stop loss can be minimized, and our potential targets can be significant. At this moment, there isn't a clear stop loss zone. However, our target will be the nearest swing high, which could potentially act as resistance on a larger timeframe. By entering the trade near a support zone with a low stop loss and aiming for a potential 1:2 or 1:3 risk-reward ratio, we enhance the odds of a successful trade. Stay tuned for more insightful analyses and trading strategies for the NZDJPY pair on this channel. If you find this analysis helpful, don't forget to like, subscribe, and share with fellow traders. Your support keeps us motivated to deliver more valuable content. #ForexAnalysis #NZDJPY #BullishTrend #TradingStrategies 📊🚀💼
Long
by houseofforex
1
Possible Breakdown In EURGBP | EURGBP AnalysisThe current market price of EURGBP is sitting at support area. Considering the previous Daily price action, the price is forming lower highs into the support area which means buyers are not strong enough and sellers are rejecting any jump in price. The current price actions is forming a DESCENDING TRIANGLE, which is a bearish pattern. But it will be activated only when the Daily candle closes below the neckline of triangle, which in this case is the support area of 0.8718-0.869 Once, the daily candle closes below the support range, we can expect price to keep falling till 0.855, unless, the next daily candle closes back above the support resulting in FAKE BREAKDOWN/FALSE BREAKDOWN/BEAR TRAP. HOWEVER, since price is at support, price may bounce. On going to Lower Time Frame of 30 minutes, i see a double bottom pattern which is a reversal pattern. If the pattern breaks out, i expect the price to move up. Falling trendline may act as a resistance, so make sure to book profits before that. CONCLUSION- 1. Price is at support and may bounce. 30 min double bottom has been formed. Breakout of pattern may result in jump in prices 2. If Daily candle closes below the support range of 0.8718-0.869, expect prices to fall till 0.855 Let me know in the comments section if you want me to analyse any other financial instrument. WARNING:- ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
by rohitkukreja
US30 - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
UShort
by Azif123
EURAUD - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
Short
by Azif123
EURJPY - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
Short
by Azif123
EURJPY - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
Short
by Azif123
AUDNZD - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
Short
by Azif123
GBPUSD - 15M PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
Long
by Azif123
EURUSD - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
Short
by Azif123
XAUUSD 15M PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
OANDA:XAUUSDShort
by Azif123
AUDUSD - 15M PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
Short
by Azif123