USD CAD TARGET HITAs we have discussed about USDCAD ,we can expect a good return in next trade , hope i could update you guys as soon as possible ... So do follow for updates.. Longby Traders-community0
USDJPY May 21, 2024 Where will this price increase end?Looking from H1, we see that black wave 3 is forming. in wave 3 black is forming a small wave structure - In the small wave structure, wave 4 is expected to have completed at 156.114 - Next, we will continue to complete wave 5 using the measuring method, we have the target of wave 5 at 156.887. - In our current trading plan, we can establish a Buy order with a short-term price target at 156,887.Longby DEEKOP0
NZDUSD - LONG ENTRYSymbol - NZDUSD NZDUSD is currently trading at 0.58750 I'm seeing a trading opportunity on buy side. Buying NZDUSD pair at CMP 0.58750 I will be adding more if 0.58000 comes & will hold with SL of 0.56600 Targets I'm expecting are 0.59650 - 0.60500 & beyond. 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!Longby akshit_officialUpdated 10
USDJPY - POSITIONAL SHORT TRADESymbol - USDJPY USDJPY is currently trading at 157.700 I'm seeing a trading opportunity on sell side. Shorting USDJPY pair at CMP 157.700 I will be adding more if 158.200 comes & will hold with SL of 158.500 Targets I'm expecting are 154.800 - 151.900 & beyond. 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_officialUpdated 15
EURCHF - SHORT TRADESymbol - EURCHF EURCHF is currently trading at 0.98895 I'm seeing a trading opportunity on sell side. Shorting EURCHF pair at CMP 0.98895 I will be adding more if 0.99280 comes & will hold with SL of 0.99800 Targets I'm expecting are 0.97745 - 0.97050 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
Gbpusd short possible Sell gbpusd at price 1.27082 Stop loss 1.27300 Take profit 1.26536 Lot size recommended 0.01 This trade is taken because there is order block where i placed a horizontal line in the chart,the Market should go down according to my analysis Shortby ManpritSingh07860
USDTHB - TIME FOR PRICE REVERSAL & A CORRECTION ?Symbol - USDTHB USDTHB is currently trading at 37.064 I'm seeing a trading opportunity on sell side. Shorting USDTHB pair at CMP 37.064 I will be adding more if 37.400 comes & will hold with SL of 37.620 Targets I'm expecting are 36.400 - 36.000 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_officialUpdated 8
USDCAD shortingDowntrend in daily and also in 1H. Reversed(Again) in LTF, so took taking this trade. cannot break the high and also reversed in LTF D - LL 1H - LL(Box formation) LTF - reversed from HH to LLShortby Dharun60
NZDCHF Shortingstrong uptrend in daily and also in 1H. Reversed in LTF, so took taking this trade. we also have a minimum correction of 38% in 1H D - HH 1H - HH LTF - reversed from LL to HH Longby Dharun60
AUDNZF longingstrong uptrend in daily and also in 1H. Reversed in LTF, so took taking this trade D - HL 1H - HH LTF - reversed from LL to HHLongby Dharun60
AUDCHF longingstrong uptrend in daily and also in 1H. Reversed in LTF, so took taking this trade D - HH 1H - HH LTF - reversed from LL to HHLongby Dharun60
USDJPY confirms inverse head & shoulders during four-day uptrendUSDJPY rises to the highest level in a week while crossing a downward-sloping resistance line from late April, now immediate support near 156.10, amid a four-day winning streak early Tuesday. In doing so, the Yen pair confirms an inverse head and shoulders bullish chart pattern by extending the previous week’s rebound from the 200-SMA. It’s worth noting that the bullish MACD signals and an upward-sloping RSI (14) line, not overbought, also keep the pair buyers hopeful. With this, the quote approaches the mid-month peak surrounding 156.80 before challenging the monthly high of around 158.00. Following that, the 160.00 threshold, the yearly high of 160.20 and the year 1990 top of 160.40 can test the bulls during their run-up toward the theoretical target of the aforementioned inverse head and shoulders bullish formation, namely 162.50. Meanwhile, the USDJPY pair’s retreat remains elusive unless breaking the neckline of the stated bullish chart formation, close to 156.10. In a case where the Yen pair drops beneath the 156.10 resistance-turned-support, it will defy the inverse head and shoulders and can quickly revisit the 200-SMA support of near 154.60. It should be observed, however, that the bullish bias remains intact as far as the pair stays beyond a two-month-old ascending support line, near 152.45 as we write. Overall, the USDJPY pair braces for a fresh record high while confirming a bullish chart formation. Any pullback, backed by the downbeat US data and softer yields, remains unimportant until the pair exceeds 152.45.by MTradingGlobal0
USD/JPYBeautiful Break OUT in currency pair USD/JPY can go long looking great for a swing trade Longby Faizgazi2
SOON SELLERS WILL TAKE ADVANTAGE OF GBPUSDGBPUSD has entered correction, currently my assumption is to see liquidation of early bears, then at 78.6% around that region, institutions will initiate bearish move,it is forming wave (ii) of wave C.Shortby thomselly4
GBPNZD LOOKING FOR MASSIVE DUMPINGcurrently the market is in correction WAVE (ii) of wave C, it has already form wave (i) of wave C, so at least wave (ii) should correct between 78.6% and 68.1% Fibo of wave (i), that will be expected entry for swing traders, Shortby thomselly0
GBPCHF - SHORT TRADESymbol - GBPCHF GBPCHF is currently trading at 1.15600 I'm seeing a trading opportunity on sell side. Shorting GBPCHF pair at CMP 1.15600 I will be adding more if 1.15940 comes & will hold with SL of 1.16300 Targets I'm expecting are 1.14650 - 1.13920 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
EURUSD LONG POSITION OANDA:EURUSD EURUSD H1 trade idea 💡 wait for M5 MSS after MITIGATION of marked zones Longby Kingop12110
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 0
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 1
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 MTradingGlobal1154