EURUSD: Liquidity Grab & Bearish Outlook 🇪🇺🇺🇸
EURUSD broke and closed below a key daily horizontal
support cluster on a daily.
After a breakout, the broken structure turned into a strong resistance
and was retested.
I spotted a confirmed liquidity grab on an hourly time frame
and a consequent bearish imbalance candle.
Probabilities will be high that the price will drop
at least to 1.122
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Forex-trading
EUR-USD Free Signal! Sell!
Hello,Traders!
EUR-USD broke the horizontal
Level of 1.1300 which is now
A resistance and went down
So the breakout is confirmed
And now the pair is retesting
The resistance so as we are
Bearish biased we will be
Able to to enter a short trade
On Monday with the Take
Profit of 1.1197 and the
Stop Loss of 1.1311
Sell!
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GBP-JPY Free Signal! Sell!
Hello,Traders!
GBP-JPY is trading in an
Uptrend and the pair is once
Again about to retest a horizontal
Resistance level of 193.665
So despite our bullish bias
We will enter a local short trade
On Monday with the Take Profit
Of 192.946 and the Stop Loss
Of 193.799 which is slightly
Above the upper bound of
The wide supply area
Sell!
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EUR-GBP Local Long! Buy!
Hello,Traders!
EUR-GBP keeps moving
Down but I don't see any strong
Bearish pressure and so as the
Pair is about to retest a horizontal
Support level around 0.8435
We will be expecting a local
Bullish rebound and a move up
Buy!
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EUR_USD MOVE DOWN IS LIKELY|SHORT|
✅EUR_USD is retesting a
Horizontal resistance level
Around 1.1280 and we are
Locally bearish biased we
Will be expecting a pullback
And a local move down
On Monday
SHORT🔥
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EUR_GBP POTENTIAL LONG|
✅EUR_GBP will be retesting a support level of 0.8428
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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GBP-CAD Local Correction Ahead! Sell!
Hello,Traders!
GBP-CAD keeps growing
And the pair is locally overbought
So despite our local bullish bias
We will be expecting a pullback
And a move down after the
Pair hits the horizontal resistance
Around the 1.8600 area
Sell!
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USDCHF A Fall Expected! SELL!
My dear followers,
I analysed this chart on USDCHF and concluded the following:
The market is trading on 0.8441 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8299
Safe Stop Loss - 0.8525
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBP_CHF SWING SHORT|
✅GBP_CHF will soon retest a key resistance level around 1.1111
So I think that the pair will make a pullback
And go down to retest the demand level below around 1.1024
SHORT🔥
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GBP-CHF Resistance Ahead! Sell!
Hello,Traders!
GBP-CHF keeps growing
With an aim of retesting a
Horizontal resistance of 1.1108
From where we will be expecting
A local pullback and a move down
Sell!
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USD_CAD SHORT FROM RESISTANCE|
✅USD_CAD is going up now
But a strong resistance level is ahead at 1.3964
Thus I am expecting a pullback
And a move down towards the target of 1.3869
SHORT🔥
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EUR_CAD MOVE DOWN AHEAD|SHORT|
✅EUR_CAD is consolidating
Beneath the horizontal resistance
Of 1.5700 and as we are bearish
Biased we will be expecting
A further bearish move
Down towards the target
Below around 1.5573
SHORT🔥
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GBP_USD REBOUND AHEAD|LONG|
✅GBP_USD is approaching a
Demand level of 1.3181
So according to our strategy
We will be looking for the signs
Of the reversal in the trend
To jump onto the bullish bandwagon
Just on time to get the best
Risk reward ratio for us
LONG🚀
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GBP-AUD Free Signal! Sell!
Hello,Traders!
GBP-AUD hit a horizontal
Resistance level of 2.0766
And is already making a
Bearish pullback so we are
Locally bearish biased which
Means we can enter a short
Trade with the Take Profit
Of 2.0527 and the
Stop Loss of 2.0797
Sell!
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EUR-GBP Will Grow! Buy!
Hello,Traders!
EUR-GBP made a retest
Of the wide horizontal
Support area around 0.8458
From where we are already
Seeing a bullish rebound
So we are locally bullish
Biased and will be expecting
A further bullish move up
Buy!
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USD-CAD Potential Short! Sell!
Hello,Traders!
USD-CAD went up sharply
And is about to hit a horizontal
Resistance of 1.3964 from
Where we will be expecting
A local bearish correction
And a local move down
Sell!
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USD_JPY WILL GO DOWN|SHORT|
✅USD_JPY will be retesting a
Resistance level soon around 147.500
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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GBP-USD Support Ahead! Buy!
Hello,Traders!
GBP-USD is trading in an
Uptrend and the pair is
About to retest a horizontal
Support level around 1.3178
From where we will be expecting
A local rebound and a
Further bullish move up
Buy!
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EUR_USD LOCAL LONG|
✅EUR_USD is going down now
But a strong support level is ahead at 1.1187
Thus I am expecting a rebound
And a move up towards the target of 1.1278
LONG🚀
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GBP/USD Pressure Mounts on Weak UK DataThe GBP/USD currency pair faced downward pressure on Wednesday, largely due to disappointing data from the UK’s Purchasing Managers Index (PMI). This index showed a contraction in private sector business activity for April, signaling potential challenges in the UK economy. As a result, the Pound Sterling weakened against its major counterparts during European trading hours, reflecting growing concerns among investors about the economic outlook.
As the day progressed, the focus shifted to the US Dollar (USD), which was buoyed by increasing optimism regarding easing tensions between the United States and China. Investors reacted positively to news surrounding potential diplomatic efforts and economic collaborations, leading to a stronger USD and further pulling the GBP/USD pair lower. This shift in sentiment highlights how geopolitical developments can significantly impact currency markets.
Interestingly, the price action in the GBP/USD pair reached a notable Weekly Supply zone. This area has historically acted as a resistance level, and despite the current bearish trend, many retailers remain bullish on the Pound. This divergence in sentiment suggests that traders are closely monitoring the situation for signs of a reversal. Given the current conditions, there is speculation that the pair could experience a turnaround as it interacts with this important price level.
Overall, the dynamics between the GBP and USD underscore the ongoing volatility in the foreign exchange market, driven by economic data and geopolitical events. Moving forward, market participants will likely keep a close eye on upcoming indicators and developments that could influence the trajectory of this currency pair, particularly in light of the recent fluctuations and the current positioning within the Weekly Supply zone.
Weekly chart 6B1!
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NZD/USD Climbs on US-China Optimism and RBNZ Rate Cut ExpectatioNZD/USD Climbs on US-China Optimism and RBNZ Rate Cut Expectations
The NZD/USD currency pair edged higher during European trading hours on Thursday, recovering from two consecutive sessions of losses. Trading near 0.5982, the pair benefited from renewed optimism surrounding potential US-China trade negotiations, a key factor given New Zealand's strong economic ties with China.
This resurgence in the Kiwi dollar (NZD) contrasts with the broader trend of recent days. The previous decline was likely fueled by concerns over global economic growth and the impending interest rate decisions from central banks across the globe. The pair's upward movement now suggests a shift in sentiment, with investors recognizing the potential positive impact of a potential trade thaw.
Crucially, expectations surrounding the Reserve Bank of New Zealand's (RBNZ) upcoming May meeting are also playing a significant role. Markets are overwhelmingly pricing in a 25 basis-point cut to the Official Cash Rate (OCR) from its current 3.5%. Furthermore, there's a growing expectation of further easing to 2.75% by the year-end. This anticipated easing of monetary policy in New Zealand is providing substantial support to the NZD, adding another bullish element to the current trading environment.
From a technical perspective, the price action around the crucial 0.5980 level highlights the interplay of fundamental and technical factors. While the price has reached a weekly supply zone, the confluence of optimistic trade sentiment and the expected OCR cut is currently outpacing any bearish technical indicators.
However, a sustained move above the significant resistance of the 0.6000 level is critical to confirming the renewed bullish momentum. A break above this psychological barrier would signal further strength in the Kiwi dollar, whereas a reversal below 0.5980 would bring the previously discussed bearish factors back into the forefront.
Looking ahead, the key to future direction for the NZD/USD will likely depend on the outcome of the US-China trade negotiations and any potential further developments regarding the RBNZ's interest rate decisions. Markets will be watching closely for any tangible progress in either area, as this will likely dictate the pair's trajectory.
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AUD/USD Inflation Data Crucial for RBA Decision. Key Supply ZoneThe AUD/USD exchange rate is approaching a key supply zone on the weekly chart, a region where significant long positions are concentrated. This presents a potential reversal point for the currency pair. Adding to the market's focus is the imminent release of Australia's inflation data on Wednesday. This report will be crucial in shaping expectations for the Reserve Bank of Australia's (RBA) next policy move. Market forecasts generally point towards a 25-basis-point interest rate cut in May, a decision likely driven by concerns over the potential economic fallout from recently imposed US tariffs. The upcoming inflation data will be closely scrutinized to confirm or challenge these anticipated policy adjustments. The confluence of technical analysis (the supply zone) and macroeconomic factors (the inflation report and RBA considerations) makes this a potentially pivotal week for AUD/USD.
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GBP_AUD RESISTANCE AHEAD|SHORT|
✅GBP_AUD surged again
To retest the resistance of 2.0769
But it is a strong key level
So I think that there is a high chance
That we will see a bearish pullback and a move down
SHORT🔥
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