What Is a Balanced Price Range, and How Can You Use ItWhat Is a Balanced Price Range, and How Can You Use It in Trading?
Balanced Price Ranges (BPRs) offer traders insight into areas where market forces temporarily balance. Understanding how BPRs form and how to use them can help traders identify key zones of interest on the chart. This article explores the details of BPRs, their applications in trading, and how combining them with other tools can refine your market analysis.
What Is a Balanced Price Range (BPR)?
A Balanced Price Range (BPR) is an Inner Circle Trader (ICT) concept used to pinpoint areas on a price chart where market activity reflects a temporary equilibrium between buyers and sellers. These zones, often identified through overlapping Fair Value Gaps (FVGs), highlight price levels where buying and selling pressures have offset each other, creating a balance.
Here’s how it works in a bullish scenario: a rapid price move downward leaves a bearish Fair Value Gap—a price range the market skips over due to strong selling momentum. If the price rises with equal intensity shortly, creating a bullish Fair Value Gap in the opposite direction, the overlapping region between these gaps becomes the BPR. This overlap represents a zone of temporary balance, where the market has effectively “corrected” the earlier imbalance.
BPR zones are not random. They often form in areas of high market interest—perhaps near key support or resistance levels, or after significant news events that cause sharp price movements. Traders look at these ranges because they frequently act as reference points for future price reactions.
The boundaries of an ICT BPR—its high and low—serve as critical levels. These edges often function as dynamic support and resistance, helping traders gauge potential turning points. Furthermore, BPRs can appear across various timeframes, from minute-by-minute to weekly charts.
How Does a Balanced Price Range Form?
Now that we know the idea of the ICT Balanced Price Range, let’s look at how it forms step by step.
1. An Initial Price Imbalance
A BPR begins with a strong price movement in one direction—either up or down. For example, in an overall bearish scenario, buyers initially drive the price up rapidly and leave behind a bullish FVG. This gap reflects an area where the market didn’t fully engage, often skipping over price levels due to overwhelming demand.
2. A Counter-Move Creates an Opposing Gap
After the initial move, the market can shift in the opposite direction with equal momentum. In our example, sellers step in, pushing the price downward. This creates a bearish FVG that partially overlaps with the earlier bullish FVG. These rapid shifts often occur around key events, such as news releases or liquidity grabs, which ignite temporary market imbalances.
3. Overlapping Fair Value Gaps Define the Range
The overlapping portion of the bullish and bearish FVGs is what forms the BPR. This zone represents the price levels where buying and selling forces are temporarily balanced, neutralising the earlier imbalances.
4. Market Consolidation and Testing
Once the BPR is established, the price often consolidates near this range. This zone acts as a magnet for future price action because it’s seen as an area of high market interest, where traders may take note of previous balance. In the example given, a test may precede a bearish reaction.
Combining BPRs With Other ICT Concepts
Balanced Price Ranges in the ICT methodology become even more powerful when combined with other related concepts. By layering multiple tools, traders can refine their analysis and pinpoint high-probability areas for market activity. Here’s how BPRs work with key ICT concepts:
Fair Value Gaps
Since BPRs are defined by overlapping fair value gaps, understanding how to read these gaps adds depth to BPR analysis. FVGs outside the BPR can act as supplementary zones of interest.
Order Blocks
Traders often spot BPRs forming near significant order blocks. When these zones overlap, they highlight areas where institutional activity may have left a footprint, increasing their importance for analysis.
Liquidity Pools
BPRs often align with liquidity zones where stop orders are clustered. Price may gravitate toward these areas before reacting, offering traders insight into potential price reversals or continuations.
Market Structure Shifts
BPRs can reinforce insights gained from market structure shifts. For example, a BPR forming after a break in structure might signal consolidation before the next major move.
Higher Timeframe Confluence
When a BPR aligns with key levels on higher timeframes, it can provide added confidence in the zone’s relevance for price reactions.
How to Use a Balanced Price Range
The Balanced Price Range can provide traders with valuable insights into price behaviour, acting as a reference point for analysing potential market movements. By understanding how these zones function, traders often use them to refine their strategies and enhance their market analysis.
Identifying High-Interest Zones
As BPRs highlight areas where the market found an equilibrium between buyers and sellers, traders typically monitor how the price reacts when revisiting a BPR. For example, if the price approaches the upper or lower boundary of a BPR, it may indicate a potential turning point or a continuation, depending on the market context.
Support and Resistance Dynamics
One common approach is to view BPRs as dynamic support or resistance zones. When the price tests the range, traders often anticipate a reaction. For instance, a rejection from a BPR in a bearish trend may suggest continued downward momentum, while a breach might signal weakening selling pressure.
Contextualising Larger Market Structures
BPRs don’t exist in isolation; they often align with broader market structures. Traders may use them in combination with tools like liquidity zones or order blocks to build a more complete market picture. For instance, if a BPR forms near a major resistance level on a higher timeframe, this confluence could strengthen its importance as a reference point.
Adjusting for Timeframe and Strategy
The relevance of a BPR often depends on the timeframe being analysed. Day traders might focus on intraday BPRs to find potential trading opportunities, while swing traders could look for these zones on higher timeframes, considering them significant levels for long-term moves. Either trader can use lower and higher timeframe BPRs to inform their analysis and entries.
Managing Risk Around BPRs
Traders may incorporate BPRs into their risk management plans, such as by using the boundaries of the range to set stop-loss or take-profit levels. A breach of these levels can indicate a shift in market sentiment, helping traders refine their analysis.
Risks and Considerations When Using BPRs
While BPRs can be a useful tool for analysing price behaviour, they aren’t without limitations. Traders need to approach BPRs with a clear understanding of their potential pitfalls. Here are some key considerations:
- Not Predictive: BPRs don’t guarantee future price movement. While they highlight zones of interest, traders must combine them with broader market analysis to avoid over-reliance.
- Subjectivity: Identifying BPRs can sometimes be subjective. What one trader sees as a balanced range might not align with another’s interpretation, especially on different timeframes.
- Timeframe Sensitivity: A BPR on a lower timeframe may lose significance in the broader market context. Conversely, higher timeframe BPRs may lag behind fast-moving markets.
- False Breakouts: Price can move beyond a BPR briefly before reversing, creating potential traps for traders relying solely on breakout strategies.
- Market Context Matters: BPRs are analysed alongside market conditions like volatility, news events, or broader trends. Ignoring these factors can reduce their reliability.
The Bottom Line
Understanding Balanced Price Ranges can help traders interpret key market zones and improve their analysis. By combining BPRs with other tools and strategies, traders gain deeper insights into price movements.
FAQ
What Is the ICT Price Range?
The ICT price range refers to specific price levels or zones highlighted in the Inner Circle Trader (ICT) methodology. These ranges often represent areas of interest in the market, such as liquidity pools, fair value gaps, or balanced price ranges. Traders use ICT price ranges to analyse price movement, identify potential reaction points, and refine their trading strategies.
What Is the Meaning of a Balanced Price?
Balanced price describes a market state where buying and selling pressures are in equilibrium. It typically forms in areas where overlapping fair value gaps exist, reflecting zones where previous imbalances have corrected. These areas can act as key levels for future price reactions.
What Is an Optimal Trade Entry in a Balanced Price Range?
Optimal trade entry in a balanced price range refers to identifying high-probability entry points within or near a BPR. Traders often look for price reactions at the range’s boundaries, combining BPR analysis with other ICT tools, such as order blocks or liquidity zones, to refine their approach.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Forex
AUD_CAD SHORT SIGNAL|
✅AUD_CAD made a retest
Of the horizontal resistance
Of 0.8880 then established
A beautiful double top pattern
And then broke the local neckline
Around 0.8832 so its a great
Setup for a short trade
With the TP of 0.8778 and
The SL of 0.8887 above the
Resistance upper bound
SHORT🔥
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Gold Price Analysis April 16Gold price is at ATH and no stopping point is seen
safe trading strategy can only be waiting for retest of strong buying zones to BUY
There is no specific strategy when gold is at the current price range. Today's strategy focuses on Buy around 3275-3273. The best zone to BUY today is 3246-3244. 3313 is a notable Fibonacci resistance zone, breaking this zone Gold will head to the next Fibonacci zone around 3350.
wish you a successful trading day.
GBP-USD Free Signal! Buy!
Hello,Traders!
GBP-USD is trading in an
Uptrend and the pair is
About to retest a horizontal
Support level of 1.3181
From where we will be
Expecting a local rebound
As we are locally bullish biased
So we can enter a long trade
With the Take Profit of 1.3290
And the Stop Loss of 1.3147
Buy!
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XAUUSD sell signal Gold price builds on the previous day's breakout momentum above the $3,300 mark and touches a fresh all-time peak during the Asian session on Thursday. Tariff uncertainty, the escalating US-China trade war, global recession fears, and expectations of more aggressive Fed easing continue to support XAU/USD. Sell 3330
Target 3300
$GBIRYY - U.K CPI (March/2025)ECONOMICS:GBIRYY 2.6%
March/2025
source: Office for National Statistics
- The annual inflation rate in the UK slowed to 2.6% in March 2025 from 2.8% in February and below market and the BoE's forecasts of 2.7%.
The largest downward contributions came from recreation and culture (2.4% vs 3.4%), mainly games, toys and hobbies (-4.2%) and data processing equipment (-5.1%). Transport also contributed to the slowdown (1.2% vs 1.8%), largely due to a 5.3% fall in motor fuel prices.
In addition, prices rose less for restaurants and hotels (3%, the lowest since July 2021 vs 3.4%), mostly accommodation services (-0.6%); housing and utilities (1.8% vs 1.9%); and food and non-alcoholic beverages (3% vs 3.3%).
In contrast, the most significant upward contribution came from clothing and footwear (1.1% vs -0.6%), with prices usually rising in March as spring fashions continue to enter the shops.
Compared to the previous month, the CPI edged up 0.3%, slightly below both the previous month’s increase and expectations of 0.4%.
Annual core inflation slowed to 3.4% from 3.5%.
Bullish bounce?EUR/JPY is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance which is also an overlap resistance.
Pivot: 160.89
1st Support: 159.93
1st Resistance: 162.23
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?EUR/GBP is falling towards the pivot which has been identified as a pullback support and could bounce to the overlap resistance that aligns with the 61.8% Fibonacci retracement.
Pivot: 0.8574
1st Support: 0.8530
1st Resistance: 0.8656
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop off pullback resistance?EUR/AUD is rising towards the pivot and could reverse to the 1st support which has been identified as a pullback support.
Pivot: 1.79554
1st Support: 1.74201
1st Resistance: 1.83703
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Falling towards Fibonacci confluence?CAD/CHF is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 0.57865
1st Support: 0.56812
1st Resistance: 0.59362
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal?AUD/JPY is rising towards the pivot which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse to the 1st support.
Pivot: 91.88
1st Support: 88.48
1st Resistance: 93.29
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop off pullback resistance?AUD/CAD has rejected off the pivot which is a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 0.88549
1st Support: 0.87205
1st Resistance: 0.89370
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?NZD/JPY is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 83.52
1st Support: 82.38
1st Resistance: 85.13
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?NZD/CAD is reacting off the pivot and could drop to the 1st support.
Pivot: 0.82329
1st Support: 0.82448
1st Resistance: 0.83294
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDJPY to continue in the sequence of lower highs?NZDJPY - 24h expiry
The primary trend remains bearish.
The rally is close to a correction count on the daily chart.
The RSI is trending lower.
Bearish divergence is expected to cap gains.
Bespoke resistance is located at 84.50.
Preferred trade is to sell into rallies.
We look to Sell at 84.50 (stop at 85.15)
Our profit targets will be 81.90 and 81.50
Resistance: 85.00 / 85.50 / 86.30
Support: 83.20 / 82.25 / 81.85
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
XAUUSD Chart analysis Bullish Scenario – Breakout Above $3,300
Bias: Bullish (Trend Continuation or Breakout Play)
Entry Condition:
Price breaks and closes above $3,300 on the H1 or H4 timeframe.
Ideally accompanied by rising volume and no strong upper wick (shows strength).
Entry Point: Around $3,301–$3,305 after confirmation.
Targets:
🎯 Target 1: $3,320 – Near-term psychological level.
🎯 Target 2: $3,332 – Next resistance zone.
Stop Loss: Below $3,290 (to avoid false breakout pullbacks).
Can scale in more above $3,310 if momentum is strong.
❌ Bearish Scenario – Breakdown From $3,300 or Below Support
Bias: Bearish (Rejection or Breakdown Play)
Entry Condition:
Price fails to hold $3,300 and forms a bearish rejection candle (like a pin bar or engulfing).
OR it breaks below local support around $3,290–$3,285 with follow-through.
Entry Point: Around $3,288–$3,295 after confirmation.
Targets:
🎯 Target 1: $3,180 – Major support level.
🎯 Target 2: $3,170 – Clean round number / extension zone.
Stop Loss: Above $3,310 (invalidates bearish setup if broken).
NATGAS SUPPORT AHEAD|LONG|
✅NATGAS is set to retest a
Strong support level below around 3.00$
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above 3.40$
LONG🚀
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AUD_JPY LOCAL SHORT|
✅AUD_JPY price went up sharply
But a strong resistance level was hit around 91.500
Thus, as a pullback is already happening
And a move down towards the target of 89.500 shall follow
SHORT🔥
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GBP-NZD Local Long! Buy!
Hello,Traders!
GBP-NZD is going down
Again to retest the horizontal
Support level of 2.2253 so
After the price hits the level
A local bullish rebound is
To be expected
Buy!
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Bullish bounce off 38.2% Fibonacci support?GBP/CAD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.8286
Why we like it:
There is a pullback support level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.8183
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 1.8469
Why we like it:
There is an overlap resistance level.
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Bearish drop?USD/JPY has rejected off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 142.87
Why we like it:
There is a pullback resistance level.
Stop loss: 143.69
Why we like it:
There is a pullback resistance level that is slightly above the 23.6% Fibonacci retracement.
Take profit: 141.48
Why we like it:
There is a support level at the 78.6% Fibonacci projection.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce off overlap support?GBP/USD is falling towards the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3173
Why we like it:
There is an overlap support level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 1.3105
Why we like it:
There is a pullback support level that is slightly above the 38.2% Fibonacci retracement.
Take profit: 1.3291
Why we like it:
There is a pullback resistance level.
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