4-Hour Follow-Up: GBP/JPY Bullish Momentum and a Potential EntryHello traders, here's the follow-up analysis on the daily timeframe. Now, let's dive into the 4-hour chart. We're maintaining our bullish outlook on GBP/JPY, and we've identified a potential trading entry point in an area where the resistance is likely to transform into support. This suggests a retest and a potential upward surge. Keep a close eye on this promising setup.
Happy trading!
Setup
GBPUSD LONG SETUP, POSSIBLE SHIFT OF STRUCTURE 1H - 4HHello Traders This is Forex Precision daily Markets Analysis, We found a setup earlier this Week And the price is actually approach our zone so i had to share with you guys this setup, Why do i think is Valid because we already Break 4H structure to the Upside, We have this FVG or Imbalances that's has ben filled the Liquidity has been Sweaped now we wait for the candlestick Mitigation and our Entry
Are The Bulls Ready to Come In, Or Is This Another Fake Out?On this pair, we see that the market is on bullish swings on both the 1 hour and 4 hour charts. Price is currently testing the large 4-hour zone and looks like it is beginning to slow down on the bearish dive. Below the current zone is a refined 1-hour zone.
From my experience in the market over the years, I have come to the conclusion that there is a strong likelihood that the market will dip to the refined 1-hour zone and look to reverse from there. That would mean the current top zone reversal would be breached.
If that is the case, then we would be looking to buy in the refined 1-hour zone.
On the other hand, in the event that the market reverses at its current top zone, we will create a trade plan around that move and look to trade in the direction of the market.
When jumping on this trade, our target would be the 4-hour liquidity target above.
EURCHF : Short Trade , 4hHello traders, we want to check the EURCHF chart. The price is moving in a descending channel and has pulled back to the specified key level. If the price cannot break this level, we expect the price to fall. If the price falls, the first target is 0.95200, and if the price can break this level, the second target is 0.94300. Good luck.
USDCAD : Short Trade , 1hHello traders, we want to check the USDCAD chart. The price has broken the ascending channel to the bottom and pulled back to the key level indicated. We expect this level to act as a resistance level and cause the price to fall. If the price cannot break this level and the price falls, we expect the price to fall to around 1.36500. Good luck.
CADAUD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity CADAUD
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Retracing Bearish for the LONG Bullish RUNDrawing from our analysis of this pair in the past few weeks, we have seen this pair show considerable movement in both directions: bullish and bearish, especially on the 1 hour and 4 hour timeframes.
With the spike across all USD crosses last Friday, this pair, like all other USD crosses, lost its bearishness and u-turned bullish on the 1 hour and 4 hour timeframes.
Today, we will look at it from the 4-hour perspective.
On the 4 hour, we see the market in a Bullish PB. The market has made a high and has begun to pullback into the PB. We expect this bearishness to hold, believing that the retracement will bring prices into our zone, from which we would look to take a LONG trade all the way up to the top.
Did I say "All The Way Up...?" Just kidding guys. The up move is expected to last long enough to hit the 4-hour liquidity target marked out towards the top of the chart.
We will monitor as prices unfold and look to make the most of the trading opportunity when we find one.
A Great Deal of Bearishness Expected on the GBPUSDFrom our analysis of this pair in the previous weeks, we saw a good amount of bearishness.
With the close of last week, this pair witnessed a bullish reversal on the 1 hour and 4 hour timeframes, invalidating our bearish zones and PBs and going all the way into the north.
Today, we are beginning to see another round of bearishness. On the 1-hour, the market has already reversed bearish with the breach of our bullish PB.
We are setting up for a short trade position, and we will look to take it when we get the needed retracement.
Is The Cable Going Bearish Again...?On the 1 hour, we have seen how the market has danced back and forth in the past few days.
In our last analysis from yesterday, we noticed a strong threat by the bulls to invalidate our zone. The zone was finally invalidated and the bulls took over without giving us a chance to take the trade to the downside.
Following the bullish shift, we witnessed the market stay bullish for a very short term as it again u-turned bearish with the invalidation of our 1 hour zone and PB. It would be safe to say that the seeming bullishness was nothing but the market aiming to make a deeper retracement on the 4 hour timeframe.
THe 4 hour chart is still bearish and we expect prices to switch into the extension swing and stay so. With the 1 hour now aligning bearish with the 4 hour, we are confident the extension is here and that prices will ultimately begin to dip towards our liquidity target below.
We will look to catch this bearish trade and milk the market as it moves towards our target.
Are We Still Bearish on The EURUSD, Or Is It Time To Go Bullish?From our previous analysis of this pair, we have been able to keep track of a lot of the market and price movements.
Analyzing the markets from a 1-hour perspective over the past few days, we have witnessed a lot of back and forths, though in all of those, the market found ways to take us to our targets at each of those instances before catapulting in several directions. So today, we will be looking at this pair from a 4-hour perspective.
On the higher timeframes of the monthly, weekly, and daily, we find an agreement of direction, with all of these timeframes indicating that the market is currently bearish.
On the 4-hour chart, we find the market is currently in a down trend, making 1 PB down. This week, we have seen the market plummet down to spike the 4-hour liquidity target, but without taking it out or closing below it. Instead, prices ran bullish after hitting the 1 hour timeframe liquidity target at the same level.
Enough of the narrative. Now the analysis.
From a 4-hour perspective, the price is currently in a bearish trend and is now on a bullish retracement. Price seems to be aiming for some higher level within the PB to get its reversal. When the reversal comes, we would expect prices to dip all the way to our 4-hour liquidity target below. That is the move necessary to complete the 4-hour swing and move us into the next bearish PB on the 4-hour.
Upon
USTECH100 Bearish Momentum Underway🔅Intriguing developments on the USTECH100 chart are worth a closer look. Firstly, two key Fibonacci resistance levels, at 341.4% and 78.6%, have acted as strong barriers, indicating robust bearish momentum.
🔅Further dissecting the trend, we've noticed a clear pattern of forming lower lows and lower highs, emphasizing the downtrend's persistence. USTECH100 is currently at a critical juncture, testing the confines of a long-standing descending channel.
🔅This juncture could potentially provide a highly attractive entry point for short positions. For the complete setup details, we've shared a comprehensive analysis in our channel. Keep a watchful eye on our updates as the situation unfolds.
TOMOUSDT Key Demand Zone & Bullish Potential🌟In the realm of TOMOUSDT, an intriguing dynamic unfolds. The key demand zone, a battleground for bulls and bears, has demonstrated remarkable resilience. Multiple tests have confirmed its significance, turning back price declines time and again, notably in recent price action.
🌟Furthermore, a notable development is the breach of the previous downtrend trendline, which has now taken on a new role as a robust support trendline. This shift is an important indicator of the evolving sentiment in favor of the bulls.
🌟The existing strength in the demand zone, combined with the support trendline's newfound significance, enhances the likelihood of a continued upward trajectory for TomoChain.
🌟In terms of price projections, our analysis suggests a potential growth of approximately 12%. This envisages a surge towards the psychological price level of $2.00.
🌟Notably, this corresponds with the 141.4% Fibonacci resistance level, which stands as a formidable target in the path of the ascending price.
🌟As we've done with all our analysis, a detailed trade setup has been thoughtfully prepared and is readily available in our dedicated channel. This comprehensive guide includes entry points, exit strategies, and potential stop-loss levels.
🌟In conclusion, the confluence of the intact demand zone, the sturdy support trendline, and the 141.4% Fibonacci resistance level fosters a robust case for a bullish outlook in TOMOUSDT.
GOLD: Bullish Wave 5 in Play?While waiting for completion of our impulsive structure (see chart below), from a technical point of view, it is possible to follow some speculative trade. In this case, we can try to take a long position with a stop loss somewhere below yesterday's low. This is a high risk trade, so it would be a good choice to use a small size.
(Click and Play on chart below)
Trade with care
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Trading the Aussie Bearish; A Promise fulfilled...Hey guys!
We promised to give our trade setup as a new trade idea. Here it is guys!
Drawing from our earlier last-week analysis, we saw this market push bearish on the 1-hour chart. Our analysis had shown signs of a bulish retracement, and we had marked out the expected retracement zone. In the cause of the retracement, our zone was breached, and so we looked on to see a reversal from the next possible zone.
With the turn of the new week, we have seen the market u-turn at our next zone on the 1 hour chart, and from there it has begun to melt bearish.
It is our expectation that the bearish trend setting in will give us the needed extension to see prices dip all the way to the 1-hour chart liquidity target.
We see a minor swing, and that would be the target for our trade. We have marked out our zone from the bearish minor PB taken off the 1-hour chart. Prices are expected to pullback into that zone, following which we would be looking forward to seeing a bearish reversal indicating the end of the bullish pullback.
The moment we have our price in the zone, we will pull out our trade checklist (Panzy Pips Trade Entry Checklist) and follow through with taking our trade.
Stay with me, guys. This is gonna be a hell of a ride down the slope.
A Market Torn in Two Parts ... Are We Bullish or Bearish...?This pair has witnessed a great deal of back forth in the preceding days and weeks. In todays anaylsis, we see how the market on the 1 hour has once again flipped from a bullish perspective (PB) right into a bearish perspecrive with a new PB to the downside.
We will look to hold this bearishness with the ultimate goal of targeting our Daily liquidity target all the way down below.
GBPCHF : Short Trade , 4hHello traders, we want to check the GBPCHF chart. The price is moving in a descending channel and has pulled back to a key level that the price has reacted to several times in the past. We expect this level to play the role of a resistance level and maintain the downward trend of the price. We expect the price to fall to around 1.08000. Good luck.
The Bearish Run Resumesin our last analysis, we saw this pair breach our zone and go higher for a deeper retracement. According to our analysis, we refused to see the 1 hour zone as a reversal in itself but rather as forming a deeper retracement on the 4 hour timeframe.
From our current analysis, it is clear that that was the intendment of the market. We have seen prices go all the way to our refined zone at the top and from there made a sharp reversal to continue the beraish run.
We are in on this position,even though we did not catch it from the top as displayed on the chart. The trade depiction on the chart is just to show the entire trade from the zone to liquidity target.
The bearishness has resumed, the bears are back, ready to drive the market to new lows, and we are right here, ready to hop on the slide down, all the way into the money
A Bearish RollerCoaster ... 100 Pips in SightWe are witnessing a strong bearish momentum on this pair. From the Monthly to the 1 hour charts, all the timeframes are bearish.
Comign through from yesterday's analysis of this pair, we see how prices have continued to melt towards our 4 hour and 1 hour timeframe targets.
From yesterday, we see how the market gave is a nice dip that went to hit our liquidity target. We are seeing a retracement into the PB. We have marked out our zone in line with the Panzy Pips education strategy, and now we are waiting to see prices come into our zone, give us some good bearish reversal, afterwhich we will look to jump on the bearish rollercoaster as the market glides down towards the liquidity target below.
Another Chance to Catch the TradeWe have been bearish on this pair since last week, when we started sharing our analysis actively.
Yesterday, we caught the trade from the top and were able to watch it progress to where it stands currently.
You missed the trade entry yesterday. That's ok. Because right now, you have a chance at joining the trend.
With the market making a pullback into our PB and entering our zone, we have begun to see signs of a bearish reversal that should see prices melt towards our liquidity target below. We are setting up to catch another entry off this pair, and our setup is seen on the chart.
Our trade entry is a SELl STOP and we are looking to get taken in when the market reverses.
Looking to go the full length of what is left, our target remains the liquidity target below.
Bullish Again on the USDCADOn this pair, we see bullishness across multiple timeframes. Market is bullish on the Monthly chart, all the way down to the 1-hour chart.
On the 1-hour chart, we see the market has just made a new high with 6 PBs up.
We are expecting the price to retrace bearish into the PB, come into our refined zone, and from there we will watch out for bullish reversals to take our trade long. Our targer for this trade will be the 1-hour liquidity target above.
Another Trading OpportunitySo yes we missed the previous swing. Not because our analysis were wrong, but rather because of our refinement of the PB to a much smaller zone.
No need to reflect on it or worry about it for too long. It is gone. Let it go. So we move our focus to the next swing.
The market is setting up for the next swing. We have a new PB and we are getting ready to jump on it. As always, we have marked out our refined zone from the PB and now we are waiting.
Price is currently retracing bearish. We expect prices to come into our zone, and from there we will look to trade this pair. As you already know, if you are regular with our analysis, the target is the 1 hour liquidity target up above.
First Bearish, Then Bullish... and then We TRADEThe USDJPY has maintained its bullish momentum from the past few weeks. Last week, we witnessed this pair come with a deep to take out zone, create an impression of a bearish reversal, and then continue or resume its bullish trend. These are fakeouts, and they are very common occurrences in the market price movements.
On the daily, 4-hour, and 1-hour timeframes, the market is bullish. With the market making a new high, prices are expected to begin to retrace bearish. With the retracement in place, we will look to the new high that just formed as our liquidity and look to trade market prices up all the way to that point. But first, we would want to see price retrace bearish and come into our refined zone, after which we would decide on how to enter the bullish trade.
Stay close, guys. This is going to be an interesting one.
A LONG Spike AGAIN. Quo Vadis?This pair has again witnessed another long spike. A second spike in about 3 weeks. With this spike, a lot of traders are likely to get confused about the next direction in which the market is expected to go.
So let's give it a try.
Before the spike, we witnessed how prices rallied in a systematic manner. This rally was strong enough to turn the 4 hour the 1 hour and even the daily charts from their hitherto bearish trends and set them all on bullish swings. With the bulls taking the day on these 3 timeframes, we can say with a certain amount of certainty that the market is bullish and we will be expecting to see higher prices.
The market is currently dipping. We will consider that dip a retracement, which is helping move prices into our PB. Price is already in our PB, and now we are waiting for price to come into our zone, from where we will be looking to trade. Our target will be the 1 hour and 4 hour liquidity target, which is actually a confluence.