EURUSD on May 20, 2024 has the price drop started?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Based on the Elliot wave principle, we analyze the H1 chart - We see that the small 5-wave structure has completed on the H1 frame, after which the price entered the corrective wave abc. - Looking at the corrective wave structure, we see that wave a has completed and the price is currently in the target area of ending wave b to start wave c. - This is a very good price range to be able to execute a sell order at this price range - Using the method of measuring the end target of wave c, we have 2 target price zones for the end of wave c: zone 1.0822 and zone 1.0787 Trading plan We look for a Sell point at the price range of 1.0884 with the expectation of profit at the expected price range at the end of wave c. We have 2 areas: the price range of 1.0822 and the price range of 1.0787 Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment. Shortby DEEKOPUpdated 1
USDJPY May 20, 2024 Is this price increase over?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Based on the Elliot wave principle, we analyze the H1 chart We see that the 5-wave small structure has completed on the H1 frame after which the price entered the corrective wave abc. - Looking at this correction structure, we see that wave a b c has completed, the price is in the stage of completing the next rising wave. - The adjustment process is officially determined when the price breaks out through the 155.98 area - In the trading plan, we expect a good buying zone at the price range of 155.6 with TP at the 159 zone. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.Longby DEEKOPUpdated 2
GBPUSD bulls jostle with key upside hurdles within rising wedgeGBPUSD struggles to extend the biggest weekly gains since early March while confronting a five-week-old horizontal resistance area surrounding 1.2700-2710 early Monday. In doing so, the Pound Sterling takes clues from the overbought RSI (14) and the sluggish MACD signals while hovering near the upper end of the one-month-old rising wedge bearish chart formation. It’s worth noting that the pair’s upside clearance of 1.2710 won’t be an open invitation to the Cable buyers as the stated wedge’s top-line surrounding 1.2720 will test the upside momentum. Following that, the quote’s advances toward the late March high of near 1.2800 and then to the yearly peak of around 1.2895 can’t be ruled out. It’s worth mentioning, however, that the oscillators suggest a pullback in the GBPUSD price and hence a horizontal resistance area comprising the tops marked since early May, close to 1.2635-45, gains the market’s attention. In a case where the Cable prices drop beneath the 1.2635, the 50% Fibonacci retracement of March-April fall, surrounding the 1.2600 threshold, will lure the sellers. Above all, a convergence of the 200-bar Exponential Moving Average (EMA) and the aforementioned rising wedge’s lower line, close to 1.2565-60, appears a tough nut to crack for the pair sellers, a break of which will confirm the bearish chart pattern suggesting a theoretical fall targeting the area surrounding mid-1.2100s. In summary, the GBPUSD pair will likely witness a pullback in the prices but the bears need validation from the 1.2565-60 and the UK inflation/PMI data. Editors' picksby MTradingGlobal22157
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.Shortby okako_trading5
NZDUSD - TRADE ON SHORT SIDESymbol - NZDUSD NZDUSD is currently trading at 0.61340 I'm seeing a trading opportunity on sell side. Shorting NZDUSD pair at CMP 0.61340 I will be adding more if 0.61620 comes & will hold with SL of 0.62000 Targets I'm expecting are 0.60470 - 0.59720 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!Shortby akshit_official6
NZDJPY - TRADE ON SHORT SIDESymbol - NZDJPY NZDJPY is currently trading at 95.500 I'm seeing a trading opportunity on sell side. Shorting NZDJPY pair at CMP 95.500 I will be adding more if 96.000 comes & will hold with SL of 96.500 Targets I'm expecting are 94.320 - 92.550 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!Shortby akshit_official5
Rejected from yearly levelEurcad has been rejected from yearly level. And also broken down the 15 mins head and shoulders pattern. Weekly chart is also in downward direction. I have mentioned target and stoploss Shortby goyalritika3459451
EURUSD week 3, May 2024 Can the uptrend last long?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. We use the Elliot principle to analyze the EURUSD chart Looking at D1, we see that the correction process is entering the wave c phase in the abc correction rhythm. We have an important price level of 1.0444 to confirm the existence of wave c, which is when the price breaks out of this price range. Then we will measure the end target of wave c at two price zones: zone 1.02 and zone 1. Next week's plan is to focus on observing the price range of 1.0444 to plan our trading. This is my plan for next week, the order entry area will be updated daily based on market fluctuations next week. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment. Shortby DEEKOP118
USDJPY week 3, May 2024 Can the uptrend last long?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. With the BOJ's intervention becoming increasingly clear, people are expecting the BOJ to increase interest rates 3 times this year and will begin the first increase in June. We use the Elliot principle to analyze the USDJPY chart We see both the big wave level in purple and the small wave level in blue, meaning the price is completing wave 5. Deekop measured the expected goal of completing wave 5 in two price ranges, the price range 159.2 and the price range 164.3. At these price zones, there may be a reversal zone, then the USDJPY price will enter the ABC correction wave. This is my plan for next week, the order entry area will be updated daily based on market fluctuations next week. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.by DEEKOP3
EUR/USD LONG TRADEEUR/USD LONG TRADE. above the resistance line, it will spike move or retest then entry. this is high momentum trade. always use SL mustLongby ArmanSahaUpdated 3
EURUSD LONG TRADEEURUSD LONG TRADE possible. focus on this.. just for learning purposes always use Sl for more tradeLongby ArmanSahaUpdated 4
EURUSD SHORTFOREXCOM:EURUSD 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!!!!Shortby PhinicsUpdated 5
EURUSD Trend Signal to ShortTrading Parameters: -1hr chart -Analysis timeline Daily- 5am to 5am blocks -Daily High and Low points base on Timeline Block -Profit and Loss targets are based on 100% of block movement set at 82.5% Profit target and 32.5% Loss target movement. -To open trades based on personal trade indicators which are: Box trade, Xtrade trade, Trend trade and Expan Trade. In todays EURUSD Trade. Based on my own research on my trading strategy. Chart pattern shows a Trend Trade. However the trend seems to have a major reversal in price movement from its strong Bullish Movement. So open Trade will be Trend trade (reversal). Trade points: Open:1.08671 Profit:1.08337 (334/33.4points) Loss:1.08469 (132/13.2points) The strategy takes account of the previous days movement for the opening trade which is 405/40.5points. Based on the movement, Profit and loss at 82.5% and 32.5% respectively are as follows Profit: 334/34.4 points / Loss: 132/13.2 points. For the strategy signals, 2 trend lines are plotted on the chart, with each trend line plotted at the highs and lows of the prior 2 days of the opening trade. Then 2 horizontal lines are placed within the 2 day blocks at the Lowest High point and the Highest Low point. Based on what pattern the 2 trendlines and 2 horizontal lines portray altogether. will determine the type of trade that will be opened. Thank you for your time on reading this Idea. This is just a rough explanation on my strategy. I will be sharing more on my trading statistics in the coming IdeasShortby HillDo1002
#EURAUD: Long positionAs shown an chart, there is H4 and daily level nested on weekly demand zone that price arrived on it, It probably is a decent opportunity for long Longby SAMIMOREZ3
USDJPY : Forming lower highs!USD/JPY edged lower on Wednesday, slipping back to the 153.00 level after a broad-based decline in the US Dollar (USD) shed weight against all of its major peers. The Japanese Yen (JPY) is also looking to ease selling pressure in the broad market, recovering ground as the Greenback declines. US Consumer Price Index (CPI) inflation eased slightly on Wednesday, with headline CPI inflation in April falling to 0.3% versus market forecasts of holding at 0.4%. Easing inflationary pressures are raising hopes of a rate cut as investors call for a rate cut from the Federal Reserve (Fed).Shortby RKarina17
GBPUSD: New breakout confirmed after USD decline!The GBP/USD pair continued to rise near 1.2688 on Thursday during the early Asian session. The major pair's rally was supported by a weaker greenback following the release of softer US CPI inflation data. The outlook continues to be bullish as the pair successfully breaks resistance at 1.263 and makes this the expected new support level after a mild trend correction.Longby RKarina1125
EURUSD: Strong increase!EUR/USD rose on Wednesday, one of the pair's best days of 2024, climbing to 1.0900 and on pace for a fourth straight weekly gain. Broad market selling pressure weighs on the US Dollar after risk appetite soars to the fore after US CPI inflation fell more than investors expected giving EURUSD the edge continue to increase.by RKarina23
USDINR Consolidating_Above 83_Dollar in UptrendTechnical Analysis: Indian Rupee continues its rangebound movement between 82.60 and 83.15 in the longer term Indian Rupee trades strongly on the day. USD/INR remains stuck within a multi-month-old ascending trend channel around 82.60–83.15. Now trading above Ascending channel. by Pranay_Kamdi7
AUDUSD bulls need validation from 0.6720 to keep the reinsAUDUSD bulls struggle to keep command at the highest level since January as a jump in the Aussie Unemployment Rate supersedes upbeat Employment Change data from the Pacific major and challenges the previous day’s run-up. That said, the risk-barometer pair marked the biggest daily rise in six months on Thursday after softer US inflation and Retail Sales numbers drowned the US Dollar. The Aussie pair’s upside also took clues from hopes about more stimulus from China. Technically, the upbeat RSI (14) and the bullish MACD signals join the AUDUSD pair’s upside break of a four-month-old horizontal resistance, now immediate support near 0.6645-40, to keep the buyers hopeful. However, a downward-sloping resistance line from early February 2023, near 0.6720 by the press time, challenges the quote’s immediate upside. Following that, the pair’s quick run-up toward the yearly high of 0.6839 and then to the late 2023 peak surrounding 0.6870 can’t be ruled out. Meanwhile, the March 2024 peak of near 0.6665 acts as immediate support for the pair traders to watch ahead of the aforementioned resistance-turned-support near 0.6645-40. It’s worth noting that a one-month-old rising support line of around 0.6610, quickly followed by the 0.6600 threshold, will act as the final defense of the AUDUSD buyers before giving control to the sellers. Overall, the AUDUSD pair remains on the bull’s radar but the pair’s further upside hinges on a daily closing beyond 0.6720.by MTradingGlobal0
M15 ChartPOI : M15, H4, Daily Anticipating lower price, Wait for market structure to form lower swings before taking any decisionShortby KumarRahul141113
✅BULLISH SETUP GBP_USD|LONG 🚀✅GBP_USD has broken the threshold Resistance is falling and breaking through It's been confirmed so I'm lost Quan Trends and I will look forward One step further LONG 🚀by RKarinaUpdated 8