The Ace Trading (Backup)
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PRO Trader and Trading Mentor With 6-Year Experience

Trading Education & Technical Analysis

This channel is made for beginners who wants to learn, Invest & understand FOREX. We will post Forecast, and trading ideas.

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ETHEREUM (#ETHUSD): Time to Recover

It appears that a confirmed bullish reversal is evident on the πŸ“ˆEthereum, following a test of a significant daily horizontal support level.

The formation of an ascending triangle pattern, coupled with a subsequent violation of its neckline, suggests a strong bullish signal.

I believe that the price may soon reach at least the 4,400 resistance level.
#NZDCAD: Classic Breakout Trade

NZDCAD was trading within a narrow horizontal range on a 4H time frame
and stuck between 2 intraday horizontal structures.

Bearish breakout of the range support is a strong intraday bearish confirmation.
It increases the probabilities that the breakout is valid.

We can expect a fall at least to 0.8008
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4-hour time frame
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My broker πŸ‘‡
https://one.exnesstrack.org/a/u0exuwlj08
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#NZDJPY Sell Signal +46 pips Made πŸ’°

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#GBPUSD: Classic Pullback Trade

The GBPUSD pair shows a high probability of retracement from the underlined daily horizontal resistance level.

The formation of a bearish engulfing candlestick pattern on the hourly timeframe serves as a strong confirmation signal.

Target objective: 1.3409.
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Daily/Hourly time frame
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My broker πŸ‘‡
https://one.exnesstrack.org/a/u0exuwlj08
#USDJPY: Strong Bearish Pattern Spotted

The USDJPY pair formed a significant head and shoulders pattern on a four-hour timeframe.

The neckline was breached earlier today by a bearish candle with considerable momentum.

It seems plausible that the pair could experience a further decline at this point. The subsequent support level is anticipated to be around 147.77.
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4-hour time frame
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My broker πŸ‘‡
https://one.exnesstrack.org/a/u0exuwlj08
#EURAUD: Another Bearish Forex Pair to Trade

Another pair that appears to be showing a strong bearish trend, in my assessment, is πŸ“‰EURAUD.

Based on price action analysis:
The market had been experiencing a positive trend, but it began to lose momentum as it approached a significant horizontal resistance level.

Subsequently, the price began to consolidate before declining, ultimately violating a horizontal support level within the trading range.

The market will probably continue to decline. The next support level is anticipated to be at 1.7698.
#EURUSD: How to Catch a Bullish Wave?

πŸ“ˆEURUSD retested a recently broken horizontal structure on a 4H chart.
After its test, the price formed an inverted head and shoulders pattern
and violated a resistance line of a bullish flag formation.

To catch a bullish wave with a confirmation, wait for a bullish breakout above the neckline of the H&S pattern,
Then the retest of an underlined blue supply cluster will be your buy zone.

With a stop loss below the right shoulder, we may catch a nice swing trade here.
Goal will be 1.1814
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4-hour time frame
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My broker πŸ‘‡
https://one.exnesstrack.org/a/u0exuwlj08
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High impact news ahead

--In 30 minutes - US Job Openings
GOLD (#XAUUSD): Bullish Rally Continues

It appears that gold is expected to continue its upward trend, potentially reaching the 3920 level.

A confirmed break of structure on the 4-hour chart suggests that buyers are currently in control.

Given the lack of significant US news today, the market is anticipated to maintain a strong bullish sentiment.
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4-hour time frame
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My broker πŸ‘‡
https://one.exnesstrack.org/a/u0exuwlj08
GBPUSD: Short-Term Bullish Sentiment

During the Asian session, GBPUSD demonstrates a strong bullish sentiment on a 4-hour timeframe, with the price violating a significant daily/intraday resistance level.

This confirms a Change of Character (CHoCH) pattern, suggesting a high probability of continued bullish movement.
Based on this analysis, a price target of 1.3518 is anticipated.
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4-hour time frame
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My broker πŸ‘‡
https://one.exnesstrack.org/a/u0exuwlj08
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