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Fibonacci

EURJPY Rejects Triangle Support:First Impulse Wave to the UpsideEURJPY has respected the lower trendline of the triangle formation, showing strong rejection at support. The first impulsive wave to the upside suggests potential bullish momentum building up. If the structure holds, we could see a breakout and continuation higher. However, confirmation is key—watch for follow-through price action and volume before entering! Will bulls take control, or is this just a fake move? Stay alert! 📊📈🔥 #ForexTrading #ElliottWave #EURJPY #TrianglePattern #ForexAnalysis #PriceAction #Elliotwavesglobal
Long
by Elliotwavesglobal
3
GOLD → Correction for accumulation of potentialFX:XAUUSD is growing during the week. The asset enjoys interest on the background of economic risks and dollar correction. After a small correction, the train may move north again Markets are watching the US-China trade talks, easing fears of a global trade war, as well as Trump's initiatives on the Middle East, weakening demand for the USD as a safe-haven asset. In addition, a rising yen is pressuring the USD, supporting gold. Investors' focus is on Friday's NFP data, which could influence the Fed's next steps. Attention is also paid to weekly jobless claims and Fed comments. The market is quite aggressive on any drastic action by Trump as this assessment is correlated relative to global risks Technically, the price is correcting to accumulate liquidity and potential for possible upside. Below are quite strong support areas that could push the price back. Support levels: 2845-2850, 2830 Resistance levels: 2860, 2872, 2882 As part of the correction in the uptrend, the price may test 0.5-0.7 Fibo as well as the previously broken resistance of the ascending channel. There are no technical and fundamental reasons to break the trend, the growth may continue after a false breakdown. Regards R. Linda!
FX:XAUUSDLong
by RLinda
23
NQ Power Range Report with FIB Ext - 2/7/2025 SessionCME_MINI:NQH2025 - PR High: 21857.00 - PR Low: 21807.50 - NZ Spread: 110.5 Key scheduled economic events: 08:30 | Average Hourly Earnings - Nonfarm Payrolls - Unemployment Rate Inching towards 22000 daily pivot - AMP margins increase for pre-RTH job reports Session Open Stats (As of 1:55 AM 2/7) - Weekend Gap: -1.72% (filled) - Gap 10/30/23 +0.47% - Session Open ATR: 391.64 - Volume: 22K - Open Int: 258K - Trend Grade: Bull - From BA ATH: -2.6% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22667 - Mid: 21525 - Short: 19814 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQH2025Long
by mv3trader5
Elliott Wave View: SPY Looking to Resume HigherShort Term Elliott Wave View in SPDR S&P 500 ETF (SPY) suggests pullback to 575.04 ended wave ((4)). The ETF has resumed higher in wave ((5)) with internal subdivision as 5 waves impulse. Up from wave ((4)), wave ((i)) ended at 585.99 and dips in wave ((ii)) ended at 578.35. From there, wave (i) ended at 583.81 and wave (ii) ended at 578.90. Wave (iii) higher ended at 595.56 and pullback in wave (iv) ended at 590.35. Final wave (v) ended at 607.7 which completed wave ((iii)). Pullback in wave ((iv)) ended at 604.67 and wave ((v)) higher ended at 610.78. This completed wave 1 in higher degree. The ETF then pullback in wave 2 with internal subdivision as a zigzag Elliott Wave structure. Down from wave 1, wave ((b)) ended at 609.96 as a double three Elliott Wave structure. Up from wave ((a)), wave (w) ended at 605.96 and wave (x) ended at 599.22. Wave (y) higher ended at 609.96 which completed wave ((b)) in higher degree. The ETF turned lower in wave ((c)) towards 589.5 which completed wave 2 in higher degree. It has turned higher in wave 3. Near term, as far as pivot at 575.04 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.
AMEX:SPY
by Elliottwave-Forecast
1
Xero Ltd Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Xero Ltd Stock Quote - Double Formation * (Uptrend Argument)) | Area Of Value * 1st Retracment Grading | Uptrend Bias & Entry | Subdivision 1 - Triple Formation * ABC Flat Section | Subdivision 2 * Pattern Grading & Entry At 166.000 AUD | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
PEPPERSTONE:XRO.AULong
by TradePolitics
GBP/AUD Analysis - H1 Prediction for 07/02/2025GBP/AUD Analysis - H1 Prediction for 07/02/2025 📉 Bearish Outlook with Potential Retest 🔹 Current Price: 1.97669 🔹 Key Resistance Levels: 1.98760 - 1.98859 (Supply Zone) 1.99746 - 1.99845 (Major Resistance & Liquidity) 🔹 Market Outlook: Price is consolidating near 1.97334 - 1.97516 support zone A break below this level may target 1.96645 Retest of 1.98760 - 1.98859 possible before further downside 🔹 Trade Setup: ✅ Sell Zone: 1.98760 - 1.98859 (Look for rejection signals) ✅ Target: 1.96645 ✅ Invalidation: Sustained breakout above 1.99845 #FXForever#GBPAUD #ForexAnalysis #SmartMoneyConcepts #PriceAction #FVG #ForexTrader
Short
by FXFOREVER_87
GBP/JPY - H1 Analysis & Prediction (07/02/2025)GBP/JPY - H1 Analysis & Prediction (07/02/2025) 📉 Bearish Continuation Expected 🔹 Current Price: 188.362 🔹 Key Resistance Levels: 188.998 - 189.141 (Short-term resistance) 190.068 - 190.599 (Major resistance) 🔹 Key Support Levels: 187.694 (Break & retest zone) 186.922 (Next target) 186.488 (Major support) 🔹 Market Outlook: Price is rejecting from resistance and forming a bearish structure. A break below 187.694 could confirm further downside. If price retraces towards 188.998 - 189.141, look for rejections to enter shorts. 🔹 Trade Setup: ✅ Sell Zone: 188.998 - 189.141 ✅ Target: 186.922 - 186.488 ✅ Invalidation: Above 190.068 #FXFOREVER #GBPJPY #ForexTrading #SmartMoneyConcepts #PriceAction #LiquidityZones
Short
by FXFOREVER_87
XAU/USD - H1 Prediction for 06/02/2025Gold (XAU/USD) - H1 Prediction for 06/02/2025 📈 Bullish Continuation with Possible Retracement 🔹 Current Price: 2,866.41 🔹 Key Resistance Levels: 2,867 - 2,870 (Short-term resistance) 2,890.41 (Major resistance) 2,912.32 (Ultimate target) 🔹 Key Support Levels: 2,849 - 2,852 (Potential retracement zone) 2,836 - 2,844 (Liquidity & FVG zone) 2,830.55 - 2,825 (Major demand zone) 2,807 - 2,812 (Deep pullback zone) 🔹 Market Outlook: Gold may test 2,867 - 2,870 before a potential retracement. If price holds above 2,849 - 2,852, continuation towards 2,890.41 is likely. A drop below 2,825 could trigger deeper correction. 🔹 Trade Setup: ✅ Buy Zone: 2,836 - 2,844 (Look for bullish confirmations) ✅ Target: 2,890.41 - 2,912.32 ✅ Invalidation: Sustained drop below 2,825 #Gold #XAUUSD #SmartMoneyConcepts #PriceAction #ForexAnalysis #LiquidityZones
FOREXCOM:XAUUSDLong
by FXFOREVER_87
Before Unemployment Claim Day trade - Potential scenarios US30 🛠️ Trade Execution Plan ✅ Step 1: Key Levels to Watch 📊 Resistance: 🔴 45,070 – 45,100 → Major breakout level 🟢 Target if bullish: 45,250+ 📊 Support: 🟡 44,550 → First downside target 🟢 44,266 → Stronger support level 🔴 43,753 → Deep pullback level (if sell-off happens) 📈 Bullish Scenario (Stronger-than-expected labor market) 🔹 What to look for: Unemployment claims come in lower than expected (good for economy). US30 breaks and holds above 45,100 (watch for a retest confirmation). Momentum increases on MACD & RSI stays above 50. 🔹 Trade Setup: ✅ Buy above 45,100 if price closes above this level on the 5m or 15m chart. 🎯 Targets: 🎯 First TP: 45,250 🎯 Second TP: 45,400 🛑 Stop-Loss (SL): Below 44,950 📉 Bearish Scenario (Weaker labor market, higher claims) 🔹 What to look for: Higher unemployment claims = weak labor market = market drops. US30 rejects 45,070 and fails to break 45,000. RSI turns downward, MACD shows red bars increasing. 🔹 Trade Setup: ✅ Sell below 44,900 if price fails to break above 45,000 and starts dropping. 🎯 Targets: 🎯 First TP: 44,550 🎯 Second TP: 44,266 🛑 Stop-Loss (SL): Above 45,050 ⏳ Best Trading Approach (Timing) 1️⃣ Right at 8:30 AM ET (Initial Spike) Price whipsaws up & down due to fast orders. ❌ Avoid immediate entry! Wait 5-10 minutes for direction. 2️⃣ 8:35 - 8:45 AM ET (Retest Confirmation) If price breaks a key level & retests, enter on confirmation. 3️⃣ 9:30 AM ET (Stock Market Open Reaction) Second big move might come at NYSE open. 🎯 Final Tips Don’t rush the trade. Let the market show direction before entering. Stick to stop-loss & take-profit levels. Use smaller lot size if volatility is extreme. If unsure, stay out! There will always be another trade. Do not risk more than 1% of your account. Follow for more cool ideas. -Nozuk
CAPITALCOM:US30
by Nozuk
1
TradeCityPro | SHIBUSDT $1 Target ?👋 Welcome to the TradeCityPro channel! Let’s analyze Shiba, one of the most famous meme (shitcoins) in cryptocurrency, which has changed many lives for better or worse to see if it can reach $1. 🌐 Overview Bitcoin Before analyzing today’s altcoin, let’s take a look at Bitcoin on the one-hour timeframe. It is breaking the 96,330 support, and if our RSI enters the oversold zone, we might see a move down to the 92,701 support. Along with this, one of the scenarios I mentioned last night is playing out—Bitcoin dominance is increasing as Bitcoin drops. Even though I personally feel this dominance increase is fake, it will still lead to further declines in altcoins. 📈 What is Market Cap? Before starting the analysis, I want to clarify the concept of market capitalization. Market cap refers to the total value of a cryptocurrency in the market and is calculated using the formula: Circulating supply × current price For example, if a cryptocurrency has 100 million coins in circulation and each coin is worth $5, its market cap would be $500 million. Market cap determines a project’s dominance and size, helps compare cryptocurrencies, and serves as a measure of risk and growth potential. High market cap projects have lower risk but grow slower, while low market cap projects carry more risk but have higher growth potential. Why am I explaining this? So that you understand how to verify if someone claims that Shiba will reach $1. Look at its token supply and market cap. A simple calculation shows that for SHIB to reach $1, its market cap would need to be $589 trillion while the total market cap of gold is only $19 trillion! Don’t fall for misleading advertisements, stay informed! 📊 Weekly Timeframe Like most crypto coins, SHIB spent a long time inside its weekly range, with the upper limit at 0.00001171. After spending 620 days inside this range, it finally broke out with higher lows and momentum, starting an uptrend. After this rare bullish move, SHIB hit 0.00003279, rejected from it, and retraced to the 0.00001296 support. It then moved back up but got rejected from the same resistance, reinforcing its importance and forming an equal high, which can be seen as a double-top pattern. This double-top pattern, which is well-known and widely used, is typically a bearish signal indicating a trend reversal. However, we cannot officially call it a double-top until the 0.00001296 support is broken. That’s why I haven’t drawn it yet. If 0.00001296 breaks, the double-top target will be its risk-to-reward ratio of 1, meaning we could see a move down to 0.0000067. For buying, I will never buy SHIB, no matter how much profit it makes. If I want to speculate on shitcoins, I’ll go for ones with lower market caps. And remember, if a shitcoin is meant to make you rich, it will do so even with just $10, so you don’t need a large investment :)) For selling, I suggest exiting below 0.00001296, at least temporarily. Later, if the trend turns bullish, you can buy back the same amount of USDT, potentially avoiding further downside. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
19
Sterling Testing Multi-Month Downtrend Post-BoE- NFPs on TapSterling turned from confluent resistance today on the heels of the Bank of England interest rate cut. The objective yearly open is eyed at 1.2513 with the upper parallel of the September pitchfork further highlighting the technical significance of this zone. Support rests with the 61.8% retracement at 1.2261 - losses should be limited to by this level IF price is heading for a breakout here with a close above the 38.2% retracement 1.2609 needed to suggest a more significant low was registered las month / a larger reversal is underway. U.S Non-Farm Payrolls on tap tomorrow- watch the weekly close here. -MB
by FOREXcom
GOLD: Correction for potential accumulation.is growing during the week. The asset is performing well in the face of economic uncertainty and a dollar drop. After a minor modification, the train might go north again. Markets are keeping an eye on US-China trade talks, which are alleviating fears of a global trade war, as well as Trump's Middle East efforts, which are reducing demand for the US dollar as a safe-haven asset. Furthermore, a rising yen puts pressure on the US dollar, which supports gold. Investors are focused on Friday's NFP report, which may influence the Fed's future measures. Weekly jobless claims and Federal Reserve statements are also monitored. The market is quite aggressive on any radical action by Trump because this evaluation is tied to global concerns. Technically, the price is correcting to gather liquidity and potential for future gains. Below are some strong support levels that could send the price back. Support levels: 2845-2850 and 2830. Resistance levels: 2860, 2872, and 2882. Trade Active Gold is testing the previously defined support zone. The accent is on 2845-2840. If the bulls keep the defense above this zone, it is worth waiting for gains in the short-term. As part of the upward corrective, the price may test the 0.5-0.7 Fibo level, as well as the previously broken ascending channel barrier. There are no technical or fundamental grounds to break the trend; growth may continue despite a fake collapse. By Nexus Trades Zone
FX:XAUUSDLong
by NexusTradesZone
Bitcoin Pullback or Trend Reversal? Key Levels to Watch!Bitcoin failed to Break the $107,000 Resistance as in the Previous post (the 7th attack failed ). Bitcoin ( BINANCE:BTCUSDT )is moving in the Resistance zone($100,520-$97,200) , near the Support lines , the 50_SMA(Daily) , and Monthly Pivot Point . This upward movement these few hours can be in the form of a pullback to 50_SMA(Daily) and Support lines (broken) . Of course, the worrisome point is the momentum of this upward movement . According to the theory of Elliott waves , this increase of these few hours can be in the form of the main wave 4 . The main wave 4 structure so far is a Zigzag correction(ABC/5-3-5) . I expect Bitcoin to once again attack the 100_SMA(Daily) and the Heavy Support zone($93,300-$90,500) . Cumulative Short Liquidation Leverage: $102,926-$100,450 Cumulative Long Liquidation Leverage: $92,570-$91,249 Note: If Bitcoin goes below $97,000, we should have more confidence that this analysis is correct. Note: If the CME Gap($102,580-$100,320) fills in this uptrend, we should expect another attack on the $107,000 resistance. Do you think the correction of Bitcoin continues, or should we wait for Bitcoin re-pumps in the coming hours? Please share your ideas in the comments. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
31