Update | GBPUSD | Nice price drop
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Monitor your Trade | GBPUSD
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Monitor your Trade | GBPUSD
LIVE Trades Only : EURUSD & GBPUSD 122 replies
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Disliked{quote} Long time kd1 how are you please i need an ea based on the 4hr candles at 12gmt when it closes. If its a blue candle and the symphonie histogram is also blue then we enter the trade and our take profit is the 16gmt candle riding the profit until close .Thats all {file} {file} {file} {file} {file} {file} {file} {file} {file} {image}Ignored
Disliked{quote} Long time kd1 how are you please i need an ea based on the 4hr candles at 12gmt when it closes. If its a blue candle and the symphonie histogram is also blue then we enter the trade and our take profit is the 16gmt candle riding the profit until close .Thats all {file} {file} {file} {file} {file} {file} {file} {file} {file} {image}Ignored
USDJPY: Cautiously Bullish Bias with Bouncing Potential in Next 24-48 Hours
Counterbalancing Bearish Considerations:
Overall Bias and Caveats:
Given the conflicting factors, a cautiously bullish bias with a focus on potential short-term bounces seems most appropriate for USDJPY in the next 24-48 hours. However, it's crucial to remember the following caveats:
Further Steps and Conclusion:
To navigate the current USDJPY dynamics effectively, consider these further steps:
By carefully considering these factors, you can make informed trading decisions for USDJPY, taking advantage of potential short-term bounces while remaining cautious of the surrounding uncertainties.
Remember, this analysis is solely based on the provided resources and current market conditions. Market dynamics are constantly evolving, and it's your responsibility to conduct your own research and assess risks before making any investment decisions.
USDJPY
- BUY @cmp | SL: 143.364 | TP: 144.498
- Chart TF: M30
Trading Bias:
Important Disclaimer:
This is just a short-term trading bias based on the current market conditions. Always do your own research and analysis before making any trading decisions. Remember, the past performance of a security is not necessarily indicative of its future results.
Additional Resources:
USDCAD | Live Signal
SELL @cmp
SL: 1.33615
TP: 1.33101
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Caveats:
Further Steps:
Conclusion:
While not overwhelmingly bullish, AUDCAD shows promising signals for upward potential in the short term. However, vigilance is advised due to the inherent volatility of forex markets. Consider both fundamental and technical factors before making any trading decisions.
I hope this analysis is helpful! Please let me know if you have any further questions
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AUDCAD | Live Signal | M30
BUY @cmp
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Caveats:
EURCHF shows a bearish bias with potential downside momentum.
QuoteDislikedCOT report suggests short-term weakness: The latest COT reports for EUR (URL 36 and URL 37) show increased speculative short positions, potentially indicating selling pressure for EURCHF.
Fundamental Analysis:
Additional Confluence:
Potential Targets and Trade Management:
Overall:
While no trade is guaranteed, the confluence of technical and fundamental factors suggests a potential sell signal for GBPUSD. However, it's crucial to conduct your own due diligence and research before making any trading decisions. Consider factors like your risk tolerance, trading experience, and overall market context before entering any trades.
Disclaimer: This analysis is provided for informational purposes only and should not be considered as financial advice. Please consult with a qualified financial professional before making any investment decisions.
Caveats and Limitations:
Further Steps:
Conclusion:
While the immediate trend for NZDCHF is unclear, the slight bearish sentiment, CHF strength, and increasing short positions suggest a potential downward movement in the short term. However, cautiousness is warranted due to the mixed market sentiment and technical picture. Further analysis and monitoring of economic events are crucial before making any trading decisions.
Please remember that this information is for informational purposes only and should not be construed as financial advice. Always conduct your own research and consider seeking professional advice before making any investment decisions.
M30
Disliked{image} - GBPUSD Bearish Sell Signal Analysis - December 21, 2023 (5:15 PM EAT) Confluence of factors suggesting a potential GBPUSD sell signal: Technical Analysis: Break of Support: Price action recently broke below the key support level of 1.2720 on the daily chart, confirming a bearish bias. Downward Momentum: Moving averages, including the 50-day EMA and 200-day SMA, are pointing downwards, indicating continued selling pressure. Bearish Engulfing Candle: The recent daily candle is a bearish engulfing candle, further strengthening the downside...Ignored
DislikedGreat thread, you are doing a really good job here. Keep up the good work. I look forward to reading a few more of your post. It do appear that you have a wealth of knowledge regarding the market.Ignored
Short-Term Trading Bias Analysis for CHFJPY - 24-48 Hour Outlook
Daily (D1):
H4:
Overall, the technical analysis aligns with the potential bullish bias from currency strength.
COT Positioning:
Legacy COT reports (URLs 32-33) reveal a slight decrease in net speculative longs for CHF futures by large non-commercials, potentially suggesting some profit-taking but not necessarily a reversal in positioning. This supports the neutral to slightly bullish bias.
(URLs 32-33)
Fundamental Factors:
Conclusion and Trading Bias Recommendation:
Synthesizing all factors, the short-term trading bias for CHFJPY leans slightly bullish for the next 24-48 hours. This suggests a potential long entry opportunity, with a stop loss below the recent swing low and a profit target at the next resistance level. However, remember that sentiment and market dynamics can shift rapidly, so vigilance and adaptability are crucial.