Hello traders I took profit on my long from 1.0260. I entered into a poorly timed short at 1.0380 but exited that trade when the December low at 1.0341 did not break. I went long again at 1.0355 and exited at 1.0425 and shorted at 1.0426. The power of alerts and entry orders. My TP is at the very least 1.0308. So, just my usual up an down in the high speed forex elevator. The BOJ will decide the interest rate in less than 48 hours. I have taken a small AUD/JPY short at 97.52 with a stop at 97.90. The focus at this point should be on next week's FOMC and ECB interest rate decisions. I am still of the opinion that despite the Euro Zone's tepid economic performance, the ECB may not cut because of sticky and elevated inflation. Or maybe a nominal 0.15 cut. The FOMC will definitely not cut. Fundamentally, there is not much that can change the landscape for these two Central Banks, not even the ringmaster in the White House Circus. If I had a dollar for every time he has said the word "tariffs", "kill Obamacare" and his "bigly and beautiful healthcare plan which never materialized", I would have retired by now. I do hear and LISTEN to him but like his co-president, they are unpredictable because they seem to think that nobody can remember what they said yesterday. My take is, keep an eye on what counts right now. Trust your charts, the DXY and US10Y. Even if Trumps utterings move the markets, it will still be reflected to no or lesser degree in these ultimate bellwethers for now. In all likelihood we'll stay in the 1.0260-1.0440 range until next week. Best of luck all.
Hi trader i share my entry signal for intraday trading.
This technical analysis is for informational and educational purposes only. It does not constitute financial advice. Remember to always research and consult with a professional before making investment decisions. Good luck! ???
We had a support and big candle down then went up real aggressive making new structure. i am taking the trade that gets back to my zone last out of AUD/JPY and NZD/JPY
The NZD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 0.8068 2nd Support – 0.8034 ? Please hit the like button and ? Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Plotted the solid take profit line (blue box). Under 200 MA, proper buy zone for another run up when it crosses back over.
Bias: Bullish USD News: None Analysis: -Price closed with strong bullish momentum -Looking for price to retest 4hr structure low -Potential BUY if there's confirmation on lower timeframe -Pivot point: 2715 Disclaimer: This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
In this idea we will demonstrate how to reverse positions on the chart and DOM.
Provided is my Macro XRP chart. I have wrestled with this chart for sometime and I have came to the conclusion that the Marco pattern is a bearish one. an WXY combination pattern in the Elliot Wave sense. I am an XRP bull, but I am a technical analyst, and as much as I want this chart to keep going, I'm not sure. I only read what is on the chart and this is the most fitting pattern. We do have still have upside. I'm looking for that $12 range currently. if you have any questions please ask away! I can always provide a more detailed count as well. Thank you God Bless and Trade on!
From the technical perspective, **Velodrome Finance (VELO)** appears to be completing a classic corrective phase following its previous strong rally. Multiple indicators suggest that selling pressure may be subsiding, setting the stage for a potential bullish reversal. Below are the key observations: 1. **Elliott Wave Structure** - The chart labeling points to a clear five-wave advance (1 through 5), followed by an A-B-C corrective pattern. Prices now appear to be completing the final leg of this correction. - Often, once a final C wave completes, the market transitions into a new bullish impulse. 2. **Hidden Bullish Divergences** - On both the **Williams R%** and **Stoch RSI** panels, hidden bullish divergences have formed as price made lower lows while the indicators made higher lows. - Such hidden divergences indicate that selling momentum is weakening and may foreshadow an upswing in price. 3. **Decreasing Net Outflows from OKX EXCHANGE** - The chart’s “Net Money Flow” metric for OKX shows that net outflows have tapered off after reaching peak selling levels. - A reduction in outflows can signal that strong selling activity is slowing down, possibly leaving room for a price recovery if buyers re-enter the market. 4. **Support Zones Holding** - Key horizontal supports around the current price region (labeled as areas of “Hidden Bull” in the chart) have consistently held price action. - Each time the market has tested these support levels, buyers have managed to keep the price from collapsing further. 5. **Upside Potential** - If the corrective wave is indeed reaching completion, a sustained move above the nearest resistance levels (around the 0.12 – 0.15 USDT range) could spark a stronger bullish push. - In a highly optimistic scenario, momentum buyers returning to Velodrome might drive price back toward prior swing highs in the 0.20 – 0.30 USDT zone. **Bottom Line** While market conditions are always subject to change, these signals—hidden bullish divergences, tapering net outflows, and firm support—point to a potentially favorable shift in momentum for Velodrome. A breakout above immediate resistance could solidify this bullish thesis and kick-start a meaningful rally in the weeks ahead.