Q&M pettern created so it is bullishIt is created Q&M pettern and 4 hourrs cancle dominant breakout it will down side Shortby kamlesh007001
Q&M pettern created so it is bullishIt is created Q &M pettern created so it is buy side it will go up sideLongby kamlesh007000
GBPUSD: A 1HOUR PD ARRAY ANALYSISGBPUSD has been consolidating for over a month now in the daily time frame. And being a day trader i focus on the previous day high and low as they are the most important liquidity areas intraday as the big institutions will be sitting there. So the timeframe i use for intraday is 1 hour time frame, where i look for order block, fair value gap, and short term busyide and sellside liquidity and execute my trade in the 15 min - 1 min range accordingly. currently the swing high and the low of the 1 hour time frame GBPUSD has been marked with their respective ob in the discount and the premium. As of now the price is slightly bullish in this time frame and the price is in the discount near the bullish ob, but as the daily time frame has been consolidating, i dont expect order blocks to be as powerful as they are. From my observation when price consolidates greater reactions can be seen from the old highs and lows which are the areas of liquidity and price might turn around from them and rally in the 1 hour time frame. by thewiz03115
USDINR-Weekly Outlook-Venkat's BlogThe currency pair is once again back in to the narrow range regime. We saw the pair traded between 83.05 and 83.16. At best we can assume that the band is marginally lowered to 82.85 83.15. A few observations a. Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects b. There is divergence seen in the charts c. The rates remaining in a small range is not anything new for the currency pair as we could see from the quarterly charts, it has been in small ranges for almost 3-4 quarters in the past once in every three years. However, this general behavior altered after 2008 Expect the range of 82.80 - 83.15 would hold for the week and there could be choppy moves within this range. A close outside this range requires reassessment of risk/direction and target. A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. • The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 • As noted in our 3rd July Blog: o A deeper correction is long overdue. The market is expecting 82.70-83.35 will be protected. If appears that the same kind of yo-yo moves may continue till one more quarter if we do not see a close below 82.70. o The result is that it has extended to third quarter as well • The next couple of weeks are crucial. We will get to know if we are heading towards 82.50 or 83.50 Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.by SYFXTF8
EURUSD - Impulsive Start from 0.9538 Lows Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? From its low at 0.95358, we're seeing a leading diagonal wave signaling a potential long-term uptrend. As previously discussed, big gains might be ahead. Short-term, it's building a base, possibly dipping to 1.02-1.04, a 50-61.8% retracement from the 0.95358 low to the 1.12757 high in July 2023. Shortby WaveTalks339
USDJPY: trading is in the redThe USDJPY has been relatively stable today, hovering around the 147.57 level and near the EMA lines on the 1-hour time frame. There are indications of a short-term price decline, as a double top pattern is forming with support at 147.400. If the pair breaks below this support level, it could open up more opportunities for sellers, with an initial target of 146.70 in sight.Shortby RKarinaUpdated 11
USDJPYHello dear friends! Today, USDJPY is trading around 147.66 and is in a corrective wave within its trend, as the currency pair has just experienced a downward breakout from a marked support level. Accordingly, the USD/JPY pair is undergoing a downward trend as market confidence recovers due to expectations that the Federal Reserve will begin implementing interest rate cuts in March. Currently, the probability of this scenario is estimated at around 50:50, indicating the uncertainty of market participants. The USD/JPY pair traded lower near the 147.50 level during the European trading session on Thursday. The price has reached the 0.5 Fibonacci retracement level, making this a sensitive moment for sellers to continue their attack once again. In this scenario, the EMA 89 line will be retested and prices may further decline towards 145.500.Shortby RKarinaUpdated 3
EURUSD MULTI TIME FRAME ANALYSISHello 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 price action 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. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.Longby okako_trading1
GBPUSD MULTI TIME FRAME ANALYSISHello 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 price action 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. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.Shortby okako_trading1
GBPUSD: Check the channel price againDear friends, currently the GBP/USD pair continues to trade within an upward channel during the early Asian trading hours on Thursday. The major currency pair has rebounded above the 1.2700 level due to risk acceptance sentiment. However, the release of the US preliminary Q4 GDP growth figures on Thursday could cause market volatility. In the short term, the 4-hour chart indicates a potential downward correction, with a projected retreat towards the support level below 1.2700. Immediate support is located at 1.2680 before reaching 1.2650.by RKarinaUpdated 4
EURUSD: Buy or Sell?Hello dear friends, today EURUSD continues to decline as widespread forecasts of weak US PMI data have weakened market sentiment and pushed EUR/USD lower as investors anticipate the momentum of the day and retreat to the safe haven of the US Dollar (USD). The price is currently trading within a downtrend channel, while it has completed a correction at the resistance level of 1.093. The chart shows a convergence between EMA 34, 89, and resistance, indicating a high likelihood of further price decline with a target set at the support level of 1.0756.Shortby RKarinaUpdated 26
usdjpy h4 timeframe showinh down trendusdjpy h4 timeframe showinh down trend so price may go dowm to next demand zoneShortby krishkrishna124454
4 hour EUR/USD ANALYSIS 4 hour Unmitigated zone is pending so Wait for our 4 hour zone tap then buyLongby Trade_with_SMC4
USDJPY: Transactions are filled with greenDear friends, currently USDJPY is maintaining a strong upward trend, reaching 147.89 in early week trading. In the short term, technical indicators continue to support the upward trajectory of USDJPY. This currency pair is attempting to recover after finding significant support around 148.00. The upward momentum may be further bolstered by the US Dollar Index (DXY) gaining traction from expectations that the Federal Reserve may cut interest rates in March.Longby RKarinaUpdated 24
EURUSD fades bounce off 11-week-old support on ECB dayWith the US Dollar’s failure to cheer upbeat PMI details, the EURUSD pair managed to rebound from an upward-sloping support line from early November, especially when the activity data from Germany and the Eurozone came in positive. The recovery moves, however, failed to cross the 50-SMA hurdle on a daily closing basis and tease sellers ahead of the all-important monetary policy meeting of the European Central Bank (ECB). While the bloc’s central bank is likely to keep the monetary policy unchanged, the focus will be on the signals for future rate cuts as market players expect the first rate cut before June but the policymakers appeared hesitant for the same of late. That said, any hawkish clues will allow the Euro pair to cross the immediate upside hurdle, namely the 50-SMA hurdle surrounding 1.0920. However, the support-turned-resistance line stretched from November 01, close to 1.0985 at the latest, will precede the 1.1000 psychological magnet to challenge the pair buyers before giving them control. Meanwhile, the downbeat RSI conditions and the limited odds of favoring the ECB hawks suggest further weakening of the pair. The same highlights the aforementioned nine-week-old ascending trend line support line, near 1.0830 by the press time. It’s worth noting that the monthly low of 1.0820 and the previous monthly low of around 1.0720 will act as additional downside filters before a smooth sailing toward the late October swing high of near 1.0700.by MTradingGlobal1
GBPUSD: SELL?GBPUSD Trading Strategy: The GBPUSD currency pair experienced a significant decline towards the end of Tuesday, maintaining a price level around 1.270 at the start of the trading session with a modest recovery of 0.07% throughout the day. However, GBPUSD is currently in a corrective phase after retesting the Breakout zone, and it is expected that the price will continue to decrease towards the level of 1.264, possibly even reaching as low as 1.260.Shortby RKarinaUpdated 8
EURUSD declines? What is the reason?Dear friends, it's RKarina again. Are you curious about the next trend of EURUSD? Here are some insights I have about this currency pair. Looking at the daily chart, we can see that the previous upward momentum of EURUSD is gradually weakening, especially as it started to decline from the near 1.111 level. The trend seems to be shifting sideways and may even decrease further, especially as the RSI indicator and candlestick patterns are showing divergence, indicating a gradual decrease in buying pressure. Furthermore, the recent weakness of the US dollar (USD) has not generated significant momentum for EUR/USD, and has even added downward pressure on this currency pair. For these reasons, RKarina sets a target and expects EURUSD to decrease to the support level of 1.076.Shortby RKarinaUpdated 30
USDJPYToday, USDJPY continues its trading around the level of 147.83 and is in the process of forming a triple top pattern. As a result, the Japanese Yen benefits from the hawkish stance of the Bank of Japan on Tuesday, despite the lack of further action. Political tensions and uncertain global economic prospects are not a solid foundation for the safe-haven status of the JPY, which limits the upside potential of the USDJPY currency pair. Regarding the outlook: If the triple top pattern is confirmed, the price is likely to decline further after breaking out of the range and move swiftly towards at least 146.97.Shortby RKarinaUpdated 10
LongPrice is respecting the bullish trendline. And the market is Looking bullish. So with a small SL a long postition would be a good trade. SL is below the trendline and at the previous recent resistence( when a reaistence is broken it works as a support). Longby shubhamjaiswalhj0
USDCAD Short [Weekly Swing]USDCAD Short Idea based on a Weekly Swing level. Entry refined on the 4H/1H. Confluences on the chart, potential +2.5R.Shortby quantxxUpdated 125
LongPrice is taking support from a strong supply level (support zone) also the price retested this zone. Now waiting for the breakout of bearish treadline. A triangle chart pattern can also be seen here. by shubhamjaiswalhj2