Get started

Forex market

EURCAD 12.8 - XIt's a fresh new week ahead of us! Hello, traders. Let's start by analyzing EUR/CAD. As you can see, the target for sells from the previous week was reached. So, here's what I'm focusing on now: Ideally, I'd like to see some signs of strength, which is what I’m watching for on smaller timeframes. Buys remain valid until the break of the low. If the price goes lower, the Point of Interest (POI) will be adjusted. I will only post new analyses for some setups, as I’ve mainly updated ideas with comments on the existing ones.
Long
by Tilen_FX
1
GBPCAD sell setup / ' educational approach 'I just wanted to update this trade idea, only to realize that I did not share it with you previously. I have many ideas and missed this one. I apologize for that. I am uploading it now more as educational content at the moment, while the final target of 300 pips has been hit. Technical reasons behind that analysis: Price was obviously trading high in the market, flipping the structure on the 4H chart, and it formed a nice sell zone with many possible targets to the downside. But first, I wanted to see buyers coming in, and you can see the 4H wick did just that, with some buyers entering the market after the sell zone was tapped (that is possible counter trend trade / buy to sell setups ) and real liquidity was realized. It also looked very much like some HTF distribution with price entering into the markdown phase. However, the approach towards the sell zone was not what I liked the most, as it had too strong bullish momentum. Hence, this was not my ideal setup, but it was valid. Also knowing the situation in the UK, obliviously GBP is not to be bougth.
by Tilen_FX
EURCAD(h4): HOLD SELLHello Traders, 📈 EUR/CAD chart review : - H4 chart is still strong down - H1 is a down trend, price has got a rejection at 1.4998 🎯In my trading opinion: - A day ago, I recomend sell on channel, and next week, i still recommend holding this trade, or if you did not entry before, you can entry on monday at 1.4998 📚 Remember that: Always follow your trading plan regarding entry, risk management, and trade management. Follow me to update lastest plan for any trades ! Thank you and Good luck!
Short
by PhuThongTrader
AUD/NZD Eyes Bullish Rebound Current Market Sentiment: Potential Bullish Reversal 1. Exhaustion of Bearish Momentum at 1.08500 Level: The AUD/NZD currency pair appears to have exhausted its bearish momentum around the 1.08500 level. This level has acted as a significant support zone, where sellers have struggled to push the price lower, indicating a potential weakening of the bearish trend. 2. Expected Consolidation and Bullish Approach (1-Hour Chart): On the 1-hour chart, the trend is showing signs of consolidation, which is often a precursor to a trend reversal. The market seems poised for a bullish approach, as the consolidation phase may allow for the accumulation of buying pressure. Traders should watch for confirmation signals, such as bullish candlestick patterns or a break above key resistance levels, to confirm this potential shift in momentum. 3. Bounce Back Potential from 4-Hour Regression Channel: The price has touched and tested the lower line of the 4-hour regression channel. This channel has historically provided reliable support levels during downtrends. The fact that the price has respected this lower boundary suggests a high probability of a bounce back, aligning with the broader expectation of a bullish reversal. 4. Targeted Bullish Range: 1.09300-1.09400: Should the bullish trend materialize as expected, the targeted range for this upward move is around 1.09300 to 1.09400. This range represents a key resistance zone where traders should consider taking profits or adjusting stop-loss levels. It is essential to monitor how the price reacts as it approaches this zone, as it may either continue its bullish momentum or encounter significant resistance. Disclaimer: Educational Purpose Only: This analysis is provided for educational purposes and should not be construed as financial advice. Market conditions can change rapidly, and it is important to apply proper risk management techniques and stay updated with ongoing price action to adjust your trading strategy accordingly.
Long
by ClearTradingMind