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GBP/USD long idea After a long bearish move market started to recover / fill the imbalance which are left open before further selling off. The idea of this trade came when market failed to respect a 1h demand and continue up forming HH and HL. So, what I am expecting market will go further to fill some larger imbalance and the us dollar is weak right now so it increases the chances of going up further. It is a trade continuous strategy where market after form a break of structure we look for a imbalance candle form which that impulsive move started that break the HH. So next time when market will come back to that region when I will be looking for long opportunity in lower timeframe with proper confirmation
Long
by Rohit_Fx
NZDUSD struggles to justify RBNZ’s eighth rate hikeAlthough the RBNZ didn’t disappoint, like the RBA, and announced a widely expected 0.50% rate hike, the NZDUSD pair remains mildly bid after refreshing the weekly top. In doing so, the Kiwi pair stays below a one-week-old horizontal hurdle surrounding 0.5750. With this, the odds of the quote’s pullback towards the latest swing low near 0.5680 can’t be ruled out. However, the 0.5620 and the yearly low around 0.5565 will challenge the bears afterward. Meanwhile, a successful break of the 0.5750 resistance will aim for the 100-SMA hurdle near 0.5830. Following that, a downward sloping trend line from August 12, close to 0.5925 by the press time, will challenge the NZDUSD pair’s further upside. It’s worth noting that the 200-SMA resistance near 0.5980 appears the last defense of the bears, a break of which won’t hesitate to probe the previous monthly top near 0.6160. Overall, NZDUSD remains in a bear trap despite the latest rebound. The downside, however, appears limited.
by MTradingGlobal
EURUSD eyes further downside below parityAlthough June 1989’s low test EUR/USD bears, a clear downside break of the 2.5-month-old support line, now resistance around 0.9850, keeps sellers hopeful at the lowest levels in 20 years. Even so, the major currency pair stays inside a bearish channel formation established on May 12 and has its support line located around 0.9490 by the press time. Additionally, the January 2001 low of around 0.9600 could join the oversold RSI conditions to challenge the short-term downside. Meanwhile, recovery remains elusive until the quote stays successfully beyond the 10-week-old support-turned-resistance line around 0.9850. Following that, the 0.9950 and the 1.000 parity level could entertain short-term buyers. However, a convergence of the 50-DMA and upper line of the stated channel, close to 1.0080, appears a tough nut to crack for the EURUSD bulls before they can dream of retaking control. It’s worth noting that the Italian elections and multiple speeches from ECB President Christine Lagarde, as well as Fed Chairman Jerome Powell, make it an interesting pair to watch on Friday.
by MTradingGlobal
USDJPY buy to sell ideaafter a strong bullish runup, in higher timeframe market is now currently ranging , in 4h timeframe market form double top liquidity and selloff which is more likely to be taken out so overall I am more bullish. the trading idea takes place in 1h timeframe, there was a large imbalance untested supply was there which is more likely to be tested. in current scenario market broke all its structure and there is resistance above so if market came to my defined demand then with confirmation i will go for long to that imbalance supply . as above it there was liquidity which needed to be taken out so i am not quite sure about the short idea
Long
by Rohit_Fx
NIFTY SENTIMENT for SEP 19 2022 NIFTY SENTIMENT drive.google.com This chart gives the sentiment based on Astro AI based on past pattern and tentatively gives the movement of price movement direction for the given time scale. If you find this useful give me a like Use this along with weekly levels and Trend change value as per related idea Buy Above 17600. 40 Buy Targets 17666.73 17732.70 17786.01 17839.33 17915.24 17961.32 18118.56 18291.15 Sell Below 17519.80 Sell Targets 17453.47 17387.50 17334.19 17280.87 17204.96 17158.88 17001.64 16829.05
NSE:NIFTY
by AstroAnalytica