Direct Link : https://forbextrading.etsy.com

USDCHF: A Bullish Setup in Play!

The USDCHF chart reveals a strong opportunity for traders to capitalize on a clearly defined bullish trend. With structured market patterns and confluence zones, this trade setup is well-aligned for precision entries and disciplined exits.

Key Highlights of the Trade:
Elliott Wave Analysis: A clean 5-wave impulse pattern has been completed, followed by an ABC corrective structure, signaling the potential for a bullish continuation.
Reversal Zone Support: The price is respecting a critical support zone, marked by the H1 pivot, aligning perfectly with the trendline and demand zone.
Indicator Convergence: Oscillators are showing bullish divergence, reinforcing the potential for upward momentum.
Risk-to-Reward Excellence: The trade setup boasts a favorable risk-to-reward ratio, with stops placed below the corrective wave and targets extending toward the next significant resistance level.

Pro Tip: Monitor price action at the breakout point (highlighted in green) for momentum confirmation. Early entries near the ABC correction's end point (C) can maximize profits while maintaining tight risk control.

Disclaimer: This analysis is for educational purposes only. Trading carries risk, so use proper money management and trade responsibly.

NZDCHF: A Balanced Setup with Breakout Potential!

Today's NZDCHF chart displays an intriguing opportunity, showcasing both structure and momentum to capitalize on. The pair appears poised for a potential breakout, backed by confluence from technical indicators and key market levels.

Key Observations:

Support Alignment: The price has rebounded from the H1 pivot level, acting as a strong support zone. This aligns well with the EMA and the trendline's proximity.

Consolidation Formation: The current movement reflects a triangular consolidation, hinting at an breakout.

Indicator Confirmation: Momentum indicators like the Forbex oscillators are climbing from oversold zones, reinforcing a bullish continuation scenario. MACD also shows growing divergence in favor of buyers.

Risk-to-Reward Structure: A well-defined entry near the support zone with stops below 0.51150 allows for a calculated risk, targeting the 0.51450.

Disclaimer: This analysis is for informational purposes only. Always assess your risk tolerance and follow your trading plan diligently.

Direct Link : https://forbextrading.etsy.com

ADAUSD: Bearish Wave Completion Awaiting Confirmation!

The ADAUSD chart shows a strong bearish structure, marked by a completed Elliott Wave pattern. The trade setup appears well-structured; however, the lack of a decisive break below the Daily Open Line remains a critical factor for full bearish confirmation.

Key Analysis:
Elliott Wave Structure: A textbook 5-wave impulse pattern (1-5) is visible, followed by an ABC corrective wave. The "C" wave aligns near a key resistance zone, suggesting a potential bearish continuation.

Resistance Zone: The confluence of the main pivot line (H1 [4/8]) and EMA ribbon acts as a strong barrier to further upward movement.
Indicator Confirmation: Both the Forbex oscillators and MACD hint at bearish momentum, but the lack of follow-through below the daily open weakens the conviction for an aggressive short.

Potential Scenarios:
Bearish Continuation: A break below the daily open would signal confirmation, allowing the trade to progress toward the next key support zone near H1 [2/8] or lower.

Reversal Risk: Failure to break below the daily open could result in a bounce back toward the pivot or higher resistance levels, invalidating the bearish setup.

Pro Tip: Monitor closely for a decisive close below the daily open with increased volume for a high-confidence entry. If this condition is unmet, consider scaling back risk or re-evaluating the trade plan.

Disclaimer: This analysis is educational and not financial advice. Trade responsibly with proper risk management.

Direct Link to get the tools you need : https://forbextrading.etsy.com

USDCAD trading pair on the M15 timeframe-Bullish Recovery :

After a steep decline, the price formed a sharp V-shaped recovery from the low near 1.43250, marked by the significant pivot.
The recovery aligns with a new trend channel (purple), suggesting a reversal into a bullish phase.

Wave Structure:

The displayed Elliott Wave-like analysis highlights the price's progression through structured waves, forming a new impulse wave upward.
The chart marks higher highs and higher lows, reinforcing the bullish sentiment.

Entry and Target:

A buy position was triggered at a lower level, aiming for the upper side of the channel or the resistance zone around 1.44043.
The trade aligns with the ongoing momentum, using the Fibonacci levels (visible from the pink shaded area) as a target zone.

Indicators and Confluence :

Ribbon & Trend Indicators: The price has sustained above the ribbon band, indicating bullish momentum.

Forbex Indicator: Positive values support the bullish bias, confirming upward momentum.
The Daily Open line acts as a key support and potential reentry point.

Timeframe Context :

The Daily (D1) and Weekly (W1) side panels both suggest continued upward pressure, aligning with the short-term trend.

ATR and Volatility :

ATR shows the trade is within acceptable risk and reward levels, with a Bid Ratio of 58.69%, indicating bullish dominance.

Potential Commentary:

Strengths :

The recovery from the pivot low demonstrates strong bullish control, confirmed by indicators and wave alignment.
The confluence of the ribbon, channel, and Fibonacci targets adds confidence to the upward trade setup.

Weaknesses:

The main risk is price failing to break above 1.44043, where heavy resistance or profit-taking may occur.
A sudden change in momentum, possibly triggered by forex news events (highlighted below), could reverse the trend.

Outlook:

The trade aligns with the trend, offering a reasonable risk-to-reward ratio. However, monitoring how price reacts near the upper resistance and the daily open line is crucial.

Action Plan :

Maintain the current long position while monitoring the resistance zone.
If the price rejects resistance, consider partial profits or trailing stop placement below key pivot points.

Watch for any breakout above 1.44043, which could signal further bullish continuation.

Direct Link to get the tools you need : https://forbextrading.etsy.com

sizabici wrote: Thu Jan 09, 2025 2:53 pm ADAUSD: Bearish Wave Completion Awaiting Confirmation!

The ADAUSD chart shows a strong bearish structure, marked by a completed Elliott Wave pattern. The trade setup appears well-structured; however, the lack of a decisive break below the Daily Open Line remains a critical factor for full bearish confirmation.

Key Analysis:
Elliott Wave Structure: A textbook 5-wave impulse pattern (1-5) is visible, followed by an ABC corrective wave. The "C" wave aligns near a key resistance zone, suggesting a potential bearish continuation.

Resistance Zone: The confluence of the main pivot line (H1 [4/8]) and EMA ribbon acts as a strong barrier to further upward movement.
Indicator Confirmation: Both the Forbex oscillators and MACD hint at bearish momentum, but the lack of follow-through below the daily open weakens the conviction for an aggressive short.

Potential Scenarios:
Bearish Continuation: A break below the daily open would signal confirmation, allowing the trade to progress toward the next key support zone near H1 [2/8] or lower.

Reversal Risk: Failure to break below the daily open could result in a bounce back toward the pivot or higher resistance levels, invalidating the bearish setup.

Pro Tip: Monitor closely for a decisive close below the daily open with increased volume for a high-confidence entry. If this condition is unmet, consider scaling back risk or re-evaluating the trade plan.

Disclaimer: This analysis is educational and not financial advice. Trade responsibly with proper risk management.

Direct Link to get the tools you need : https://forbextrading.etsy.com

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27.01.2025 EURCAD M15