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AUDUSD Targeting Double Top ResistanceHi Traders! AUDUSD looks bullish as it targets the double top resistance on the 4H chart. Here are the details: Since breaking and closing above the 20 EMA, the price action has been aggressively bullish, and the market is now in an ascending price channel and is near the double top resistance at 0.65430. The plan here is to buy market dips at retracement levels to target 0.65430. Preferred Direction: Buy Resistance: 0.65430 Support 1: 0.64804 Support 2: 0.64428 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
USDJPY Approaching 150Hi Traders! USDJPY is near the psychological 150.000 level, and it looks to possibly re-test its 3-month high at 151.911.  Here are the details: Looking at the price action, it looks bullish; the bull flag, along with the previous yearly high, has broken. The next big test is as the market approaches the 150 handle. There may be some strong resistance here, as this is the first time this year the market is approaching the 150 handle. As long as the market is still above the 20 EMA, our view will remain bullish. The plan here is to monitor the price action near 150; if there is a momentum break and a close above 150, then 151. 911 is the next big target. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance 1: 150.000 Resistance 2: 151.911 Support: 148.808 Please make sure to click on the like/boost button, 🚀as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
More Pressure on GBPUSDHi Traders! GBPUSD has a bearish outlook on the 4H chart, and we could have a breakout soon as further pressure is quickly mounting on the pound. Here are the details: Looking at the price action, it looks bearish due to the market swings; the market has tested the support trendline multiple times and has had a recent price rejection at 1.26548. Additionally, the market has broken below the 20 EMA. We also have BoE Governor Bailey speaking later, and the traders will be very nervous about the worse-than-expected results from the MPC vote earlier this month. As long as the market is still below the 20 EMA, our view will remain bearish. The confirmation signal will be either a break and close below the support trendline or an opening candle below the support trendline. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.26548 Support: 1.26000 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
USDCAD Resistance Third Attempt Hi Traders! There may be a break soon as USDCAD looks to test the 1.35440 resistance area for a third time. Here are the details: The price action looks bullish; the market swings are getting higher, and the 20 EMA support re-test has held. Our idea here is to buy market dips leading up to 1.35440 for a possible break above if the bullish momentum continues. The long-term target is around the 1.36269 area, as we expect some resistance there. Preferred Direction: Buy Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
AUDUSD Head & Shoulders PatternHi Traders! A head-and-shoulders pattern is forming on the AUDUSD 1D chart. Here are the details: The market has found strong support at the 0.65255 level, which is the neckline. The right shoulder is currently forming, and we expect some consolidation around this level before a possible break and close below the neckline. The plan here is to monitor both the neckline and right shoulder and wait for a confirmation signal before entry. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 0.66048 Support: 0.65255 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
5
USDJPY The Dollar Looks UnstoppableHi Traders! USDJPY looks to be targeting the 150.000 psychological level long-term, as the US dollar currently looks unstoppable. The market is also about to break its bull flag formation. Here are the details: After consolidation in the bull flag pattern, we have now had huge bullish momentum, and the next target is the current yearly high at 148.808. The fundamental news also supports our bullish view. Earlier today, the NFP announcement came in at a staggering 353K, which was surprising and much better than the expected forecast of 187K. Traders will read this as massive strength for the US dollar. We are now looking for a break and a close above the yearly high at 148.808. Preferred Direction: Buy Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
NZDUSD Ascending Triangle Possible BreakHi Traders! An ascending triangle is forming on the NZDUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the lows and highs are starting to get higher, and additionally, the market has broken and closed above the 20 EMA. As long as the market is still above the 20 EMA, our view will remain bullish. We expect some more consolidation before a possible third attempt at the trendline resistance. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance: 0.61489 Support: 0.61186 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
USDJPY Bull Flag PatternHi Traders! There is a bull flag pattern developing on the USDJPY 1D chart. Here are the details: The price action looks bullish, and the market is currently in a consolidation phase in the flag's channel as the flag pattern is in its early phase. The market is still above the 20 EMA, which is a bullish signal. As long as the market remains above the EMA and flag channel support, we will remain bullish on this pair. Preferred Direction: Buy Resistance (FLAG CHANNEL): 148.830 Support (FLAG CHANNEL): 146.680 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
USDCAD Approaching Monthly HighHi Traders! USDCAD is approaching its monthly high, and there are opportunities for long entries to target the monthly high. Here are the details: The first resistance at 1.34146 (which will now act as support) has just been broken, and the next targert looks to be the second resistance at 1.34430, which is also the monthly high. We are looking for 1.34146 to hold as the new support. The plan here is to buy dips around this level to target levels near 1.34430. As 1.34430 is the monthly high, there is likely to be strong selling pressure at this level. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance (MONTHLY HIGH): 1.34430 Support 1 (PREVIOUS RESISTANCE 1): 1.34146 Support 2: 1.33433 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
EURUSD Price RejectionHi Traders! EURUSD has had double price rejection at the resistance, and there are shorting opportunities near the resistance to target support levels below. Here are the details: There is double price rejection at the 1.09986 level, which tells us that bearish demand is currently too strong in this area. We are looking for a momentum price break and a close below the 20 EMA. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.09986 Support 1: 1.09102 Support 2 (monthly low): 1.08770 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
AUDUSD Possible Pennant BreakHi Traders! There is a potential bearish pennant break on the AUDUSD. Here are the details: Price is currently on the 20 EMA, and with market swings with lower highs and lower lows, the price action suggests that this is a bearish setup. We are looking for the market to target the trendline support with a possibility of a break below to target levels near the monthly low at 0.66406. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 0.62748 Support: 0.66406 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
GBPUSD Pullback From NFP HighHi Traders! GBPUSD looks to have formed a range zone as it has tested the NFP high at 1.27712 and has failed to break above the high. Here are the details: After the NFP release, there was a strong bull rally to the 1.27712 level, but it was quickly rejected, as you can see with the large upside price wick. The market recently tested this level, and the resistance is still there. We are looking for the market to pullback towards areas around 1.26734, and below that, we have range zone support at 1.26116. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.27712 Support: 1.26116 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
GBPUSD Triangle BreakoutHi Traders! GBPUSD is in a triangle pattern, and there is a possibility of a breakout to the upside above the trendline resistance Here are the details: There is currently some bullish momentum in the market due to the trendline support hold at 1.26123. The overall price action looks bullish; there are signs that the market could be oversold as the market has come a long way down in the past couple of days. We are looking for a break and a close above the trendline resistance. Preferred Direction: Buy Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
EURUSD Bullish Near Support ZoneHi Traders! EURUSD looks bullish near the support area as the market is looking to re-test the 20 EMA and possibly target the resistance zone. Here are the details: The market is trading near the support zone, and we are looking for a bounce near this area. The strategy here is to buy market dips and retracements. Preferred Direction: Buy Support 1: 1.10018 Support 2: 1.10093 Resistance 1: 1.10793 Resistance 2: 1.10853 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
USDJPY Under More PressureHi Traders! USDJPY is under more pressure as we head into the final trading days of the year. Here are the details: The price action here on the 4H chart is extremely bearish. The 20 EMA has been broken, the market swings are getting lower and lower without any bullish pullbacks suggests that there are hardly any bulls in the market at this current time. We anticipate that the market will soon break below the 140 psychological level. Preferred Direction: Sell Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
USDJPY Close To Breaking Below Yearly TrendlineHi Traders! 2023 was a bullish year overall for the USDJPY, though it has just fallen short in the end as the market attempted but failed to break through the record high apex level at 151.946. The market is now on the verge of breaking below the yearly trendline. Here are the details: After failing to break through the record high of 151.946 last month, the market has rapidly declined to break below the 20 EMA and is now trading near the 140 handle. The bears are now looking to push the market to break below the trendline, and if we get this, there is a big target level at 137.915. Preferred Direction: Sell Entry Level: 142.550 Stop Level: 145.020 Target Level: 137.915 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
GBPUSD Long to Trendline ResistanceHi Traders! The GBPUSD 2H chart looks bullish and is targeting the monthly trendline resistance. Here are the details: After recovering from monthly lows, the market is now on a steady incline, showing swings of higher highs and higher lows. The market has also recently broken and closed above the 20 EMA. Our plan here is to buy market dips and target an exit just above the trendline resistance. Preferred Direction: Buy Entry Level: 1.26648 Stop Level: 1.26234 Target Level: 1.27487 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6
USDJPY Bullish Ahead of US GDP AnnouncementHi Traders! USDJPY is in an ascending channel, and there is a bullish outlook on the market. Here are the details: After the pullback from the weekly high, the market seems to have found support near the channel support line. We are now looking for a break and close above the 20 EMA for a confirmation signal to target an exit near the weekly high. Preferred Direction: Buy Entry Level: 143.250 Stop Level: 142.271 Target Level: 145.209 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
Bearish Outlook on EURUSD ContinuesHi Traders! EURUSD continues its bearish outlook as the market is now in a descending channel. Here are the details: After the double top on the higher timeframe idea (see link below), the market looks to have run out of steam to break the resistance level, which provides additional opportunities for short entries to target the support level at 1.08860. We are now looking for a break and a close below the 20 EMA for a confirmation signal. Preferred Direction: Sell Entry Level: 1.09612 Stop Level: 1.09986 Target Level: 1.08860 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
8
USDCAD Trendline Break PullbackHi Traders! USDCAD has come a long way down since the 3-month trendline break, and there is a possibility that the pair is oversold. Here are the details: After the trendline break, the market had an aggressive push down and has looked to have consolidated around the 1.33498 level, which is now the support area. If there is a hold above here, the market is likely to pullback upwards. Preferred Direction: Buy Entry Level: 1.33900 Stop Level: 1.33410 Target Level: 1.34879 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
5
EURUSD Double Top OpportunityHi Traders! EURUSD is forming a potential double-top pattern, and there is great risk-reward potential for shorting opportunities near the resistance. Here are the details: The market tested the previous month's high of 1.10173, but the bears are holding very strongly around this level, which has currently formed a double-top pattern on the chart. Preferred Direction: Sell Entry Level: 1.09960 Stop Level: 0.65089 Target Level: 1.10771 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
4
AUDUSD Yearly Trendline BrokenHi Traders! AUDUSD has broken its yearly trendline resistance as the bulls have taken over. Here are the details: The yearly trendline is now broken. Since the break and close above the 20 EMA, the price action has looked very bullish. Our plan is to buy the market dips by looking for an entry near the trendline resistance and an exit near the mid-year range resistance zone. Preferred Direction: Buy Entry Level: 0.66532 Stop Level: 0.65089 Target Level: 0.69418 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6