Forex market
Bullish Continuation Setup: Reacting from Daily StructureHey Traders, hope you’re having a great day! 👋
GBPJPY is making a sharp bullish reaction after sweeping the Sell-Side Liquidity (SSL). Although price is currently at an external structure supply zone, this move originates from the daily structure, so the dominant daily bullish continuation bias remains intact.
I’m watching key Points of Interest (POIs) for potential buy trades, planning to enter only with Lower Timeframe (LTF) confirmation and after a clean liquidity sweep. This method combines smart liquidity hunting with structural alignment, increasing the probability of successful trades.
Patience and proper confirmation will be key to trading this setup effectively.
EUR/USD Elliott Wave Update –Classic Wave 5 Breakout OpportunityThis chart of the EUR/USD pair shows a well-structured Elliott Wave impulse pattern unfolding on the 4-hour timeframe. The price action is currently progressing in the final Wave (5) of the impulse cycle, which typically represents the last bullish leg before a larger correction begins.
Wave (1): The initial move up from the bottom (early May), showing a clean 5-wave internal structure.
Wave (2): A healthy retracement after Wave 1, forming a base for further upside.
Wave (3): The strongest and steepest rally, as expected in Elliott theory. It broke past previous highs and extended sharply.
Wave (4): A corrective phase that formed a falling wedge pattern — typically a bullish continuation pattern.
Wave (5): Currently in progress. The wedge has broken to the upside, confirming the potential start of Wave 5.
Target 1 (T1): 1.18306
Target 2 (T2): 1.19012
Stop Loss (SL): 1.16600
After a strong uptrend, the market went sideways in a wedge pattern (a typical wave 4 behavior). It has now broken out, signaling the start of the final wave 5 move. This is often a strong and sharp push. Since the breakout is clean and the Elliott wave count aligns well, this creates a favorable long opportunity
$GBPNZD breaking outOANDA:GBPNZD breaking out after healthy consolidation at 2.24 level!
Weekly chart shows clear support established at 2.20, with price now holding above key resistance.
Bullish momentum confirmed as price respects the consolidation zone after rejecting overhead resistance. Perfect setup for continuation toward 2.30 target! #forex #technicalanalysis #bullish"
WOULD YOU TAKE THIS TRADE? GBPAUD SELLAll the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
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Retracement then bearsish.Waitn for my setup, potential hns, retrace to the area of my interest. And down down.
hi everyone im away from the desk but we are still waiting for that short area of 147.590 on the short term trade. long term short trade still waiting for that daily FVG / BOS zone of the 4hr. will share chart set up once back. happy trading everyone
refer to video as its showing all the information im looking at on a day to day
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USDCHF looking Bearish!!USDCHF Looking for sell side as it holding at trendline support.
Safe Player go after breaking trendline and risky can look out for now before the US Session.
Support Zone is 0.79200, We can expect a buy from that zone or Buys above 0.79900 after breaking and retesting the resistance.
Fundamental Market Analysis for July 23, 2025 GBPUSDSterling is struggling to hold above 1.35 as fundamentals tilt against it. US CPI has accelerated to 2.7 % y/y, reinforcing expectations that the Fed will delay its easing cycle, whereas in the UK subdued GDP growth and a cooling labour market have revived talk of a Bank of England rate cut as early as August.
Political noise adds to the pressure: London must balance the US’s hard‑line trade stance with the need to mend ties with the EU, heightening uncertainty for businesses. Meanwhile, capital is flowing toward higher‑yielding US Treasuries, sapping demand for UK assets.
The situation is compounded by Britain’s persistent current‑account deficit, which—amid a stronger dollar—requires ever‑higher risk premia to finance. All told, short positions in cable with a tight stop above 1.35750 look attractive in the short run.
Trade recommendation: SELL 1.35250, SL 1.35750, TP 1.34750
Short-Term Pullback Within a Bullish Higher Timeframe StructureHey Traders, hope you're all doing well! 👋
Price has recently broken above the previous weak high, showing strong bullish momentum. At the moment, we're seeing a short-term bearish pullback — a common market behavior aimed at filling buy orders near the demand zone.
Despite this minor retracement, the Higher Timeframe (HTF) remains firmly bullish. As long as that structure holds, this pullback could present a solid opportunity to rejoin the trend. Wait for bullish confirmation before executing any entries to stay aligned with the prevailing market direction.
USDCHF FORECAST It has been quite so long now we are back again with a new energy and momentum, and probably I have changed the way that I look the market. With this USDCHF I'm actually waiting to see price coming into those potential zones and see if I get any potential to enter the market. Let's see how the market is going to develop. Remember patience is Key.
USDJPY 4H Chart Analysis – Bullish Setup in PlayThe USDJPY pair is currently showing signs of a bullish continuation after completing a corrective wave pattern (ABC) down into a strong confluence zone.
📌 Key Technical Insights:
✅ Wave Structure:
The market appears to have completed a 5-wave impulse up, followed by an ABC corrective pattern.
The final leg C has touched the 50% Fibonacci retracement level, aligning with a bullish reaction zone.
✅ Support & Confluence Zone:
Price retraced into the green demand zone marked around the 146.5 level.
This area also aligns with the Fair Value Gap (FVG) and the midpoint of the impulse leg, indicating strong demand interest.
✅ Fair Value Gap (FVG):
Price respected the FVG region twice – first as a breakout, now as a retest.
FVG acts as a dynamic support zone around 146.8–147.2.
✅ Key Resistance & Target Zones:
Immediate resistance lies at 149.30 (previous high and supply zone).
A breakout above this level can trigger a rally toward the 151.50 target, aligning with higher-timeframe resistance.
📈 Potential Bullish Pathway:
As shown on the projection path, price is expected to:
Hold above the 146.5–147.0 demand zone.
Retest 149.30 as resistance.
Continue to push higher toward 151.50, completing a larger bullish leg.
💬 Let me know your thoughts in the comments! Will USDJPY break 151 next?
#USDJPY #ForexAnalysis #ElliottWave #SmartMoney #PriceAction #FVG #TradingView #FX
EUR/USD – The Cleanest Buy Setup This Quarter
Channel respecting every pivot.
Liquidity beneath – Smart Money needs fuel.
This is not an entry.
This is a precision blueprint.
🔹 Tap into the demand zones at 1.15824 or 1.13862, and ride the next impulse to 1.19614+
Wave D correction underway.
Wave E coming to steal the spotlight.
🧠 Elliott wave structure. Liquidity mapping. Channel geometry.
You’re either chasing price... or anticipating it. I prefer the second.
📍Forex | Where Price Meets Purpose
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#EURUSDSetup | #WaveEIncoming | #SmartMoneyMoves | #ForexBlueprint | Forex | Trading | #InstitutionalFlow | #LiquidityHunt
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SYMMETRYHello awesome traders! 👋
Hope you’ve managed to grab some solid pips from the markets this week. As we head into the weekend, I’m wrapping things up by dropping a few clean chart setups for you to review and reflect on.
Enjoy the weekend, recharge well — and I’ll see you sharp and ready next week for more structure-led opportunities.
📌 Pattern Breakdown
We had a beautiful AB=CD symmetry setup, with a slight twist:
🔹 AB = CD structure extended slightly beyond traditional symmetry
🔹 CD stretched into the 127.2% fib projection — a known trap zone
🔹 Price tagged 95.980 and reacted with strong bullish momentum from the PCZ (95.98–95.58)
🔹 This zone also aligned with 161.8% fib extension support = strong confluence
🎯 Target Structure
Following the rejection, price is now rotating upward, moving toward:
✅ Target 1:
• 23.6% = 97.16
• 61.8% = 97.972
📍 Partial TP booked at 23.6%
🧭 Watching price behavior here before deciding whether to continue toward…
🔄 Target 2 Zone:
• 78.6% = 98.508
🧠 Key Concepts in Play
✅ AB=CD symmetry extended to 127.2%
✅ Valid PCZ rejection from confluence zone
✅ Partial profit taken at TP1
✅ Measured continuation play in motion
✅ Structure-led management with clear invalidation
🗝 Final Thoughts
AUDJPY gave us a clean extended symmetry rejection — and now we’re in the follow-through phase. The reaction off the 127% extension shows that even stretched patterns can hold when structure aligns.
We’ve locked some gains at the 23.6% zone and will let the rest play out or reassess early next week depending on price behavior around the 61.8% mark.
“Even when symmetry stretches — the reaction reveals the conviction.”
USDJPY - Bearish BiasThe USD/JPY market currently shows a clear downtrend, as indicated by the break of structure (x-bos) and lower lows formation. The price is expected to retrace upwards towards key smart money areas defined by Lower Time Frame (LTF) Supply Zones highlighted in purple.
Using Fibonacci retracement from the recent swing high to the swing low, key Fibonacci levels—especially around the 0.618 and 0.786 zones—align with these LTF Supply Zones, creating high-probability entry areas for short positions.
The trading plan anticipates a retracement into these supply zones, where bearish price action signals can confirm entries. The ultimate target is set near the previous strong low (around 145.821), aiming to ride the next leg down in alignment with the market structure.
Risk management should involve placing stop losses slightly above the upper boundary of the LTF Supply Zones to protect against false breakouts. Patience is emphasized by waiting for price to reach these confluence zones, combining Smart Money concepts and Fibonacci levels for optimal timing and risk-to-reward profile.
USD/CAD H4 | Potential bearish reversalUSD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.3617 which is a pullback resistance.
Stop loss is at 1.3655 which is a level that sits above the 23.6% Fibonacci retracement and a pullback resistance.
Take profit is at 1.3560 which is a swing-low support.
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