EURUSD - A+ Setup - 10/02/20251. Bull Candle breakout of resistance
2. after breakout candle , price retest to previous resistance
3. Entry on red candle high.
4. TGT - 1:2 or next resistance
Forex market
AUD/USDPrice action is a trading technique where traders make decisions based on the price movements of a financial asset, rather than relying on technical indicators. It involves analyzing historical price data to identify patterns and trends that can indicate future price movements.
USDINR ends wave 5The completion of five waves up is also confirmed by the start of a five wave decline as is clearly visible on the hourly chart of USDINR - an ABC back up is the only thing that follows a five wave decline. The decline itself indicates a downtrend
CHFJPY - TIME FOR A LONG ENTRYSymbol - CHFJPY
CMP 167.28
CHFJPY is currently trading within a key support zone, which has been acting as a major support area since November 2023. This level has provided a solid foundation for price action, and its importance in maintaining the current bullish trend cannot be understated.
In my analysis, CHFJPY is presenting a good opportunity to initiate long positions at this juncture. The current price level appears to be well-positioned for upward movement, making it an ideal entry point for traders looking to capitalize on potential gains.
However, there are critical levels to monitor for the potential shift in trend. A breakdown below the 166.30 area could prompt further selling pressure, and a sustained move below 165 would confirm the transition from a bullish to a bearish trend. In such a scenario, a retest of this breakdown level would provide a viable short trade opportunity.
On the other hand, in the case of a recovery, which I am expecting, CHFJPY could see a rise toward the 169.20 and 170.30 levels. These levels represent key resistance points, and a successful breach of these zones could signal a continuation of the bullish trend.
Key Resistance levels: 169.00, 170.30
Key Support levels: 167.20, 166.30
What is the role of timeframes in trading?A general rule is that the longer the time frame, the more reliable the signals being given. As you drill down in time frames, the charts become more polluted with false moves and noise. Ideally, traders should use a longer time frame to define the primary trend of whatever they are trading
The 5-3-1 strategy is especially helpful for new traders who may be overwhelmed by the dozens of currency pairs available and the 24-7 nature of the market. The numbers five, three, and one stand for: Five currency pairs to learn and trade. Three strategies to become an expert on and use with your trades.
USD/INR - Where the rupee is heading, Will it reach the 90s?FX_IDC:USDINR
Looking at the daily chart of USD/INR we can see a breakout at 86.68 level. And now there is a retracement from 87.95 levels. The question is whether it will make a new high or not, should we remain bullish on USD?
Let's refer the history to find a high probability answer.
From Oct'18 prices consolidation for 1.5 years. During this period there was cup and handle (C&H) formation followed by a breakout in Feb-20 @72.5 INR.
Note that the base of the handle was at 70.55 INR.
The momentum continued till 77 Rs in Apr-20.
If we draw a fibo extension from 70.55 to 77 (Δ 6.45), and apply it from the next C&H breakout at 77 Rs in May-22. The upmove followed this breakout made a high @ 83.285Rs. which is approx equal to (B/o pt + Δ) = (77+6.45 = 83.45).
Now Lets apply this concept to find the high of current bull run.
Let draw Fibo extension from base of the handle to top of the the entire run i.e from 75.288 to 83.285 (Δ ≈ 8)
And apply it from the B/o of C&H pattern @83.41 Rs.
So the next targets are {(B/o pt + Δ) = (83.41+8 = 91.41)} or {(B/o pt + 1.618*Δ) = (83.41+1.618*8 = 96.35)}
AUDJPY, Inverse head and shoulderAUDJPY inverse head and shoulder in 1Hr time frame. we can hold for long position.
USDJPY - TRADING AT SUPPORT LEVELSSymbol - USDJPY
USDJPY has encountered support and appears to have staged a false breakdown of the lower boundary of the prevailing local trend. At present, the dollar is strengthening, which could present an opportunity for the currency pair to appreciate. The price is consolidating in a strong support zone, and the fundamental environment has been volatile recently, with a predominant influence from U.S. economic factors. Meanwhile, the prospect of interest rate hikes in Japan has largely been disregarded, with market participants focusing more on economic data from the West.
From a technical perspective, there are two potential triggers on the chart: one signaling a buy and the other signaling a sell. However, given the prevailing upward global and local trends, the preference is to take a long position. Should the currency pair manage to secure a close above the 151.90 - 151.95 range, we can anticipate further upward movement towards the target levels shown on the chart in both the short and medium terms.
Resistance levels: 151.95, 153.70, 154.00
Support levels: 151.00, 149.52
However, if the dollar continues its correction and the bulls fail to maintain the false support breakdown, a price return to 150.95 could trigger a support break, leading to a potential decline towards 148.60
More trouble in Rupee
RSI Bullish hidden continuation divergence on USD/INR chart and also price bounced from important support line which supported by candle stick pattern . In coming days rupee can falls further. Which is not good for indian🇮🇳 stock market.
EUR USD is Bearish for few weeksWith 3 Month and 1 Month Fisher Negative Crossover, 1W maximum
upside (KOD) is achieved. Perfect Setup in 1 Day where its upside target
has been achieved where Fisher has gone well above 0 and /TSI unable
to cross 0 and this is called FFFHTSI i.e. Full Fisher Half TSI.
It is going to fall so that a TSI double bottom on 1 Week Chart will be the extent of this fall.
Negative for few Weeks.
Just opposite is the analysis for Dollar Index which is Bullish for few weeks.
EUR/USD Outlook: Tariff Concerns and Key Technical LevelsEUR/USD is stable around 1.0360 during the Asian trading session, after rising in the previous session. The currency pair may face downward pressure due to President Donald Trump’s plan to impose reciprocal tariffs, which could affect major countries such as Japan, the EU, and China. The Euro faces challenges as the Eurozone is particularly vulnerable to tariffs from the US. Risk-averse sentiment has also increased, compounded by the cautious stance of Fed Chairman Jerome Powell regarding interest rate cuts.
From a technical analysis perspective, EUR/USD is currently trading around 1.0360 and is likely to encounter strong resistance at 1.0400. This is a key level, and if it is surpassed, the pair could continue to rise towards the next target of 1.0450. However, if the price fails to maintain above 1.0400, it is likely that EUR/USD will continue its downward adjustment.
The nearest support level is at 1.0331, which was previously resistance and could now act as a significant support level. If the price breaks this support, the pair could continue its downtrend and find lower levels at 1.0290.
Technical indicators suggest that momentum is weakening, and overbought levels on the hourly chart are gradually declining, indicating the potential for short-term correction. However, if EUR/USD maintains above 1.0400, the pair could return to an uptrend. Investors should keep an eye on signals from indicators such as RSI and MACD to track further changes in the pair’s price direction.
USDJPY TRADE IDEA we can look for bearish move if price rejectedUSDJPY TRADE IDEA we can look for bearish move if price rejected from resistance level
This week trend is bearish in daily timeframe but there is a problem before taking a trade i look for a daily candlestick in red or bearish engulfing
AUD/USDPrice action trading is a method of trading that relies on the interpretation of price movements, rather than technical indicators, to make trading decisions. It's based on the idea that historical price patterns tend to repeat themselves, and that by understanding these patterns,
USD/INRI had a strong feeling about the USD/INR hitting 86. Back in March, I discussed it with a friend, and the chart pattern seemed to indicate a clear mirror level around 86. Now, it's incredible to see how close I was!
EURJPY - TRADING AT DEMAND ZONESymbol - EURJPY
EURJPY is currently trading within a important support zone. This level has acted as a solid base for price action, offering stability to the currency pair and providing key support for the ongoing trend.
At current market price (CMP 156.50), EURJPY presents a promising opportunity to initiate long positions. The current price level aligns well for potential upward movement, making it a favorable entry point for traders looking to take advantage of the prevailing trend.
However, it is crucial to monitor certain levels for any signs of trend reversal. A breakdown below the 155.25 area could trigger additional selling pressure, and a sustained move below 155.00 would confirm a shift from a bullish to a bearish market structure. In such a case, a retest of the breakdown zone could offer a good opportunity for short positions.
Conversely, if EURJPY continues to recover, we could see a push toward the 158.67 and 160.85 levels, which represent key resistance areas. A successful breakout above these levels would likely signal the continuation of the bullish trend, suggesting further upward momentum.
Key Resistance Levels: 158.70, 159.90, 160.85
Key Support Levels: 156.00, 155.25
EURUSD NEXT POSSIBLE MOVE SAXO:EURUSD
As of February 12, 2025, the EUR/USD pair is trading near the 1.0277 level, reflecting ongoing market reactions to recent geopolitical developments and economic data.
**Technical Overview:**
- **Current Price:** Approximately 1.0277
- **Resistance Levels:** 1.0330, 1.0410
- **Support Levels:** 1.0245, 1.0200
**Technical Indicators:**
- **Relative Strength Index (RSI):** The RSI is below 50, favoring sellers.
- **Moving Averages:** The pair is trading below the 50-day Simple Moving Average (SMA), indicating a bearish trend.
**Trade Recommendation:**
Given the current technical indicators and market conditions, initiating a **buy** position could be considered if the price shows signs of stabilizing above the 1.0245 support level.
- **Entry Point:** Buy at 1.0290
- **Take Profit (TP):** 1.0330
- **Stop Loss (SL):** 1.0240
**Risk Management:**
This trade setup offers a 0.8:1 reward-to-risk ratio. Ensure that your position size aligns with your risk tolerance and overall trading strategy. Given the current volatility, it's crucial to employ strict risk management practices.
**Conclusion:**
The EUR/USD pair is currently under bearish pressure, but a stabilization above the 1.0245 support level could present a buying opportunity. Traders should monitor price action closely and manage risk appropriately.
*Disclaimer: Trading forex carries a high level of risk and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.*
How to use Option-Chain in stock market???An option chain has two sections: calls and puts. A call option gives the right to buy a stock while a put gives the right to sell a stock. The price of an options contract is called the premium, which is the upfront fee that an investor pays for purchasing the option.An option chain has two sections: calls and puts. A call option gives the right to buy a stock while a put gives the right to sell a stock. The price of an options contract is called the premium, which is the upfront fee that an investor pays for purchasing the option.
AUD/USD Potential Breakout from Descending TrendlineThe AUD/USD pair is approaching a critical breakout point from a descending trendline on the 1-hour timeframe. A series of higher lows indicate bullish momentum building up. If price successfully breaks above the trendline resistance, it could trigger a move toward the 0.63200 supply zone.
Key Observations:
Probable Breakout: Price is testing the descending trendline resistance.
Higher Lows Formation: A sign of buyers gaining control.
Risk-to-Reward: The setup targets a 1:2 risk-to-reward ratio.
Lmk your opinions in the comments below🚀
USD/CHF After Liquidity sweep during London Kill Zone Dollar versus Swiss Franc after Liquidity sweep during London Kill Zone
Bearish outlook remains intact near 1.0300The EUR/USD pair continues to extend its decline, reaching around 1.0305 in the early European session on Tuesday. The U.S. dollar strengthened after U.S. President Donald Trump announced a significant increase in tariffs on steel and aluminum imports and stated that he would unveil reciprocal tariffs against other countries in the coming days.
From a technical perspective, the bearish outlook for EUR/USD remains intact, with two key resistance levels at 1.0396 and 1.0329. While the pair is encountering resistance at the 1.0329 level, breaking through this level does not necessarily indicate a strong upward movement, as the pair still faces the previous resistance at 1.0396. If the downtrend continues, the pair could potentially decline towards the 1.0210-1.0200 range.
Recommendation: Given the current bearish outlook and strong resistance levels above, entering a **sell** position around the 1.0329 or 1.0396 levels could offer a profitable opportunity. However, be cautious of fundamental factors that could change rapidly, especially any announcements from the U.S. government regarding tariffs.
CAD/JPY Bullish Reversal from Demand Zone?CAD/JPY is showing signs of a potential bullish reversal after testing a key demand zone around 105.00-105.50. The presence of buyers in this area confirming potential upward momentum.
Price action indicates a break of the descending trendline, signaling a shift in market structure. If bullish momentum continues, the next key resistance to target is around 107.97.
A long position could be considered with an entry near 106.00, a stop loss below the demand zone, and a potential take profit at 107.97.
Key Factors:
✅ Presence of buyers in demand zone
✅ Trendline break & liquidity sweep
LMK your opinions in comments below! 🚀
AUD/USD Rejection at Key Resistance – Potential Downside Ahead?The AUD/USD pair has once again rejected a strong supply zone around 0.6300, signaling potential downside pressure. The recent bullish momentum was halted as the price entered a key resistance area, aligning with a bearish structure.
Key factors influencing this setup:
1️⃣ Resistance Rejection: Price faced rejection from the blue zone, confirming selling pressure.
2️⃣ USD Strength: The USD still has space to move towards the next resistance, showing short-term bullishness.
3️⃣ Fundamental Bias: AUD remains weak due to ongoing trade war fears with China.
If the price holds below the rejection zone, we could see a drop toward 0.6180 and beyond. Bears will be watching for further confirmation before entering aggressively.
📉 Bearish bias unless price reclaims resistance. What are your thoughts on this setup? Let me know in the comments! 🚀
GBPUSD - BULLISH MOMENTUM TO CONTINUESymbol - GBPUSD
The GBPUSD pair has been showing strong bullish momentum, particularly after the reversal from the mid-January low and the recent rise back to 1.2500 The price action suggests potential for further upside, with 1.2700 emerging as the next key resistance level. Buying the dips remains the most favorable strategy in this context.
Currently, the price is attempting a local trend reversal. It has breached the resistance of the descending price channel and is consolidating above this level, within the buying zone. The underlying fundamental conditions, however, remain complex and unstable, influenced significantly by President Trump's policies and the ongoing tariff disputes with various countries. Sudden, sharp statements continue to have a notable impact on market sentiment.
Technically, the price is breaking through the resistance of a prolonged downtrend, offering an opportunity for a shift in the local trend. A breakout above the resistance at 1.2490, followed by consolidation above this level, could encourage further bullish momentum.
Key resistance levels: 1.2490, 1.2600, 1.2750
Key support levels: 1.2415, 1.2380
The price may test the previously broken channel resistance before continuing its upward movement. However, the 1.2490 level remains crucial. Should the bulls maintain support above this area, the currency pair may experience a short-term rally.
