AUDCHF1) Bullish Harmonic reversal pattern appears, Harmonic patterns are used by traders to help predict future market movements. Bullish harmonic patterns indicate a possible upturn in the market. 2) RSI indicates Bullish Divergence Longby SohailChaudharyUpdated 0
USDDKK: ITF CURVE ANALYSIS (5H)✨ USDDKK: ITF CURVE ANALYSIS (5H) ✨ (DOWNTREND) SLO2 @ 7.0233 ⏳ SLO1 @ 7.0010 ⏳ TP1 @ 6.95344 TP2 @ 6.88402 TP3 @ 6.83853 BLO1 @ 6.82761⏳ (SET AFTER CONFIRMATION) BLO1 @ 6.80107⏳ (SET AFTER CONFIRMATION) 🔑 BLO = BUY LIMIT ORDER ITF = INTERMEDIATE TIME FRAME SLO = SELL LIMIT ORDER TP = TAKE PROFIT Intermediate time frames (4 hours to 6 day): — Offer a clearer picture of the underlying trend compared to short-term frames. — Provide more opportunities for confirmation signals and technical analysis. — Allow for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders.Shortby oktane444
EURUSD is Showing Strong Downward Momentum EURUSD is showing downward momentum With the current state of leaving USD rates unchanged and showing some hawkish tone in the last Fed meeting since then USD is showing strength While for now Euro is showing oversold signals that would favor some profit taking for sellers or waiting for a retracement to jump in the next drop I am expecting price to retrace to 1.076 and then extra down leg might start Shortby EssamSaied0
GBP/CHF For Bearishyou can go short now or wait for retest broken support act now as resistance and then go short - General Trend is Down - GBP is Weak - CHF is Stronge have fun :)Shortby maxbayne220
GBPUSDHello guys this is a potential 1400 pips you might profit from as we can see price actionis saying we have broken the big trendline and the small or counter trendline has also been broken so next week, will be waiting for the market to give a pullback and I will be willing to jump in on my sells for a potential 1400 pipsShortby Victor_Hunter_Turner225
GBPUSD printing bullish reversalGBP USD printing bullish reversal Bullish Divergence Bullish Candlestick PatternLongby fay_pasai113
USDCAD looking for shortPrice has a strong resistance and won't let the price go higher. Good area for selling. Trade safeShortby LAST-KISS335
EURUSD Analysis Following Key Interest Rate AnnouncementsIn this analysis, we delve into the impact of recent interest rate announcements from the US and the Eurozone on the EURUSD price chart. Understanding these macroeconomic shifts is crucial for traders looking to navigate the forex market effectively. 📈 Current Market Context For over a year and a half, the euro has been confined within a broad trading range between 1.055 and 1.095. This prolonged consolidation phase reflects the market's uncertainty and lack of clear directional momentum. 📰 Recent Developments Recent announcements have introduced new dynamics: 1. Eurozone: A reduction in interest rates, signaling a dovish monetary policy. 2. United States: Stability in interest rates, with projections indicating no changes for at least two more periods. 📉 Implications for EURUSD These developments could precipitate significant changes in the EURUSD pair: • The dovish stance of the Eurozone, combined with stable US rates, enhances the probability of a bearish breakout from the current range. • The market's reaction to these news events has injected fresh momentum, potentially setting the stage for a new long-term downtrend. 🔍 Technical Analysis Given the current market structure and momentum, our focus shifts to identifying a precise entry trigger for short positions: • Key Level: The crucial support level to watch is 1.066. • Trigger: A 4-hour candle close below this level would signal strong bearish momentum, providing a valid entry point for short trades. 📊 Trade Strategy 1. Entry: Monitor the 4-hour chart for a decisive close below 1.066. 2. Target: Aim for the lower boundary of the current range, around 1.051. 3. Risk Management: Place stop-loss orders just above the 1.066 level to manage potential upside risks. 🚀 Conclusion The EURUSD is poised at a critical juncture. The interplay of macroeconomic news and technical levels suggests a heightened probability of a bearish breakout. Traders should remain vigilant and ready to act on a 4-hour candle close below 1.066, capitalizing on the anticipated downward movement. 📈 Chart Analysis (Include a detailed chart here showing the range, key levels, and potential breakout points.) 💡 Final Thoughts Stay updated with ongoing economic announcements and adjust your trading strategy accordingly. The forex market is highly dynamic, and timely information can make a significant difference in trading outcomes. Shortby pouoyannn111
GBPAUDI have marked 3 price reaction zones where a market turn can occur. It is currently in the first turning zone. However, I'm going to see if it still falls a little more between today and tomorrow and I can enter the second zone.Longby SGsauragestionUpdated 5
AUDJPYAUDJPY:SELL Open: 103.80 SL: 105.60 TP1: 99.42 TP2: 97.25 TP3: 95.25 =================== Disclaimer: Any content in this text does not constitute investment advice. This text provides an objective description of the market situation and should not be considered an offer to sell or a solicitation to buy. Any decisions made based on the information provided in this text are your personal responsibility. Any investments made or to be made should be analyzed based on your financial situation and personal goals.Shortby ahmedqotb1981Updated 2219
A little bot moreThe pair is heading to an important demand zone. I think next or the next after is going to start going up. I'll be waiting for price action in the daily timeframe.by ArturoL0
Potential Short CAD/JPYIn daily time frame, today possible will generate a shooting star (not completed yet). The price is closing to a long term up trend support line MACD in 8 hours time fame has divergency. MACD retraced and touched pressure line and 0 level line. Slow Stoch in 8 hours time frame is in over bought level and crossed. Guppy in 8 hours time frame is contraction. Try to open short order is the price break the short term up trend line to south.Shortby ChinaHelloWorld1
EURGBP EURGBP Entry point :- 0.84608 Stop lose :- 0.83956 Risk :- 0.50% Target 1 :- 0.8526 Target 2 :- 0.8591Longby TURTLETRADER313114
GU 2nd entry Last trade of the week. Price tapped into the weekly fvg after a bearish week overall. A long for some 20pips. Looking forward to bullish coming week.Longby hskarue1
EURUSD Long/BuyEURUSD looks like it can go long from here, last two supports have respected the trend and as well the fact being that EURUSD looks like its third wave back up for a retrace after a heavy drop. I have placed the entry, TP, and SL for the trade. Please message me or let me know any questions you may have in regard to this trade or in general about us and our page! Please make sure to follow our page for more daily signals! Longby KingTraderFX10
Short trade Fri 14th June 24 30min TF 3.00am Tokyo Session Sell side Entry 0.66102 Profit level 0.65770 (0.50%) Stop level 0.66386 (0.43%) RR 1.17 Shortby davidjulien3690
GBPUSD VoyagerA journey in time with some potential zones of influence on the price and levels that might provide temporary or solid support/resistance. This is a long journey so while the concept might seem absurd we could just ask ourselves if this is just a simulation or a predefined script in the Matrix. For connoisseurs only. Use wisely and trade with care and remember: price action is king. Price action is objective reality. Don't let the subjective blind you from the truth, which is: There is no GBPUSD market. It doesn't exist. All you see or hear or smell or touch is just information processed by your brain. Do you think you are breathing air? Think Again. Anything in the Universe can be broken down to math. But can the math of the Universe be broken? Of course not. If the math of the Universe is broken, it is because we never knew the real math of the Universe. What is the Universe anyway? And what is Time if it can be broken? What if the Universe is not a simulation? What if it doesn't have a predefined script? Does any potential out of the Infinity of potentials require a script for its existence? No it does not. Infinity is Infinity. It is Anything. Everything. And Nothing. Just like this Voyager trading idea which is probably a dud (=nothing) unless we see A HUGE BIG RELEVANT SIGNIFICANT REVERSAL at one of the shapes! Don't say I did not warn you in advance. It could be a move that can last for months. Maybe even a year. Does anyone want a chart for 10 or 30 years? What if I told you I can make one for two hundred? million years. Welcome to the black hole...Shortby nenUpdated 6
GBPNZD LONGI think there is a rise to complete the reversed head and shoulders pattern but must not break the uptrend lineLongby Ehab_Ali1
Short trade Sell side Fri 14th June 24 15.30pm Tokyo Session Entry 30min TF Entry 1.07074 Profit level 1.06520 (0.52%) Stop level 1.07361 (0.27%) RR 1.93 News driver: Euro on Track for Weekly Loss Jun 14, 8:05 GMT+1Shortby davidjulien369Updated 1
Euro falls to six-week highThe euro has extended its losses on Friday. EUR/USD is trading at 1.0675 in the European session, down 0.59% on the day. The euro is down 1.17% this week and has dropped to its lowest level since May 1st. France’s inflation level fell to zero in May, confirming the preliminary estimate and down from the 0.5% gain in April. France is the eurozone’s second-largest economy and the downtrend in inflation will be welcome news to the European Central Bank. The central bank delivered a rate cut last week, the first since its rate-tightening cycle began two years ago. ECB policymakers will be closely monitoring inflation data and could consider another cut in the fall if inflation continues to decline towards the 2% target. Eurozone inflation rose 2.4% in April, unchanged from March. ECB President Lagarde speaks at an event in Croatia later on Friday and investors will be looking for hints as to the ECB’s planned rate path. Another cut in July is unlikely but a signal from Lagarde that additional rate cuts are one the table could boost the euro. In the US, the producer price index rose 0.2%, below the April reading of 0.5% and lower than the market estimate of 0.1%. Yearly, PPI ticked lower to 2.2%, down from a revised 2.3% in March and below the market estimate of 2.5%. The soft PPI data follows the May CPI report which also showed that inflation on the decline. The downtrend in these two inflation reports have raised expectations of a September rate cut, with a 61% of a quarter-point cut currently, compared to 46% just a week ago, according to CME’s FedWatch. EUR/USD pushed below support at 1.0709 and is testing support at 1.0679. Below, there is support at 1.0629 1.0763 and 1.0793 are the next resistance linesby OANDA2
Gbp/Jpy - Watching for potential reversal.Price have broken out and printed a new 16 year high before falling back down and printing a lower low on the 1H timeframe. I am watching to see if price respects the lower trendline for a potential reversal trade targeting June lows. JPY got a rate decision during the Asian session so that could be the catalyst for a move lower if that is where the market is going. Right now i am waiting to see what price does.Shortby NorsefxUpdated 449
GBP/USD Maintains Bearish Trend Below Key Resistance LevelsTechnical Analysis of GBP/USD The price has stabilized in the bearish zone, remaining below 1.2695. Consequently, the target is set at 1.2628. Bearish Scenario: As long as the price trades below 1.2695, it is expected to drop to 1.2627. A further decline below this level could see the price reach 1.2572. Bullish Scenario: To shift to a bullish trend, the price must reverse and stabilize above 1.2700, potentially targeting 1.2783. Key Levels: - Pivot Price: 1.2700 - Support Levels: 1.2627, 1.2572, 1.2541 - Resistance Levels: 1.2780, 1.2820, 1.2898 Today's Expected Movement Range: The price is expected to fluctuate between 1.2693 and 1.2627. Tendency: Bearish trend In summary, maintaining a position below 1.2695 supports a bearish outlook, with lower support targets in focus. Conversely, trading above 1.2700 could indicate a bullish reversal, aiming for higher resistance levels.Shortby SroshMayi119
GBPCAD SHORTGBPCAD is making correction to retest 1.72350 / 1.70600 big area but important i set target to area 1.71100 / 1.70750 hope i'm right Shortby Ehab_Ali119