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EURJPY LONG - 15MFOREXCOM:EURJPY Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Long
by Phinics
Informed Buy Strategy for GBP/USD Description: Unlock profitable trading opportunities with our informed buy strategy for the GBP/USD pair on TradingView. This guide provides key fundamental insights that are essential for making well-informed trading decisions in the dynamic Forex market. Fundamentals Overview: 1. **Economic Indicators**: Keep a close watch on major economic data from both the UK and the US, including GDP growth, employment figures, inflation rates, and consumer confidence. These indicators significantly influence the strength and direction of the GBP/USD exchange rate. 2. **Central Bank Policies**: Monitor the Bank of England (BoE) and the Federal Reserve's monetary policy decisions. Interest rate changes, quantitative easing programs, and other policy measures can create shifts in currency demand, impacting GBP/USD. 3. **Political Developments**: Stay updated on political events and decisions, particularly those related to Brexit, UK government policies, and US fiscal measures. Political stability and changes in leadership can affect market sentiment and currency valuations. 4. **Market Sentiment**: Assess overall market sentiment and risk appetite, driven by global economic trends, geopolitical events, and investor confidence. Risk-on or risk-off environments can lead to significant fluctuations in the GBP/USD pair. Disclaimer: Trading Forex, including the GBP/USD pair, carries a high level of risk and may not be suitable for every investor. Currency markets are highly volatile, and price movements can be rapid and unpredictable. You should carefully consider your investment objectives, experience level, and risk tolerance before engaging in Forex trading. It is possible to lose more than your initial investment. Always seek advice from a financial advisor if you are uncertain about your trading strategy or the risks involved. --- Use this guide to refine your approach to trading the GBP/USD pair on TradingView. By integrating key fundamental insights into your strategy, you can make more informed decisions and better navigate the complexities of the Forex market.
Long
by MoonTradingForecast
Rising wedge portrays EURUSD buyer’s exhaustion ahead of US dataEURUSD is bouncing back after a big drop, as traders wait for the University of Michigan’s Consumer Sentiment Index and Inflation Expectations for August. This bounce reverses the previous day’s decline from the highest level of 2024 and moves off the bottom of a four-week bearish chart pattern called rising wedge. The RSI indicates that the recent price increase might continue, but the MACD suggests weakening buyer interest. For sellers to take control, they need to break below the wedge’s bottom line at around 1.0960 and the 50-SMA support at 1.0946. If they succeed, they might face challenges at the 200-SMA and an upward trend line near 1.0875 and 1.0830, respectively. After that, the price could drop toward the wedge’s theoretical target of around 1.0700. On the other hand, the 1.1000 level is attracting buyers, with the recent high of 1.1050 in sight. The top line of the wedge near 1.1055 could also act as resistance. Future resistance points include December and July 2023 highs near 1.1140 and 1.1275, and the 1.1200 level might provide a resting point for buyers. Overall, the EURUSD pair is struggling to gain momentum in a bearish pattern ahead of US economic data. Sellers need confirmation from both technical and fundamental factors to take control.
by MTradingGlobal
GBPJPY SHOWING A GOOD D UP MOVE WITH 1:10 RISK REWARD GBPJPY SHOWING A GOOD D UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
NZDUSD reverses from 200-SMA hurdle on RBNZ’s surprise rate cutNZDUSD dropped over 1.0% today, making the biggest move among major currencies. This happened because the Reserve Bank of New Zealand (RBNZ) cut its main interest rate by 0.25%, surprising markets which expected no change. As a result, the NZDUSD pair fell from a one-month high and struggled to break through a key resistance level, namely the 200-day SMA. Despite this, positive MACD and RSI indicators suggest that buyers may stay optimistic, as long as the price remains above a support line from late October 2023, currently around 0.5885. For the short-term, the quote could drop to the 0.6000 mark and potentially test a 23.6% Fibonacci support level around 0.5920. A drop below 0.5885 could push the pair towards its late 2023 low of around 0.5770. For a new buying opportunity, buyers should wait for the price to break above the 200-SMA resistance at about 0.6085. If successful, the next targets could be the 61.8% Fibonacci level and a significant resistance zone near 0.6170 and 0.6220. If the price stays above 0.6220, the 78.6% Fibonacci level around 0.6275 and a long-term resistance line near 0.6320 could be the next barriers for the bulls. In summary, while NZDUSD might see a short-term drop due to negative factors, the overall bullish trend is expected to continue.
by MTradingGlobal
1
GBP/JPY What Is a Bearish Flag Pattern? A bearish flag is a continuation pattern that typically appears during a downtrend. It’s like the market taking a short breather before resuming its downward journey. Picture this: Imagine a flagpole (the initial sharp price drop) followed by a flag (a consolidation phase). The flag forms parallel upper and lower trendlines, creating a neat little flag shape. How Does It Form? Step 1 (Flagpole): The market experiences a rapid decline (panic mode, anyone?). Bears are flexing their muscles, and prices drop steeply. Step 2 (Flag): After the panic settles, we see a sideways movement—a consolidation. This part resembles a flag fluttering in the wind (hence the name). The flag’s upper and lower trendlines run parallel, containing price within a tight range. What Does It Signal? The bearish flag pattern suggests that the bears are merely catching their breath. They’ve pushed prices down, but now they’re pausing before continuing their descent. Traders watch for a potential breakdown below the flag’s support level. If that happens, brace yourself for another leg down! Trading Implications: Entry Point: Consider short positions (betting on further price declines) when the price breaks below the flag’s lower trendline. Stop Loss: Set your stop loss just above the upper trendline of the flag. Target: Measure the height of the flagpole (from the top to the bottom) and project it downward from the point of the breakdown. That gives you a potential target for the next move. Remember the Psychology: The bearish flag reflects a temporary pause in the bearish momentum. It’s like the bears saying, “Hold up, let’s catch our breath before we continue clawing prices down.” Traders who spot this pattern are like keen-eyed detectives, anticipating the next chapter in the price saga. So, keep an eye out for those bearish flags—subtle pauses in the market’s bearish symphony. And remember, even flags need a moment to flutter before the storm! 🌬️🐻
Short
by Faizgazi