EURUSD - 2 ScenariosHello Traders !
On Tuesday 11 March, Th EURUSD reached the resistance level (1.09374 - 1.09058).
So, We have 2 Scenarios:
BULLISH SCENARIO:
If the market breaks above the resistance level and closes above that,
We will see a bullish move📈
TARGET: 1.11580🎯
BEARISH SCENARIO:
If the price breaks and closes below the neckline,
We will see a huge bearish move📉
TARGET: 1.06350🎯
Forexsignals
GBPUSD - Sell Trade SetupLet's see what happens with the upcoming CPI data from the UK. In the event figures come in less than analyst forecast, guess what?? Well this pair will go south! Why well Fed's comments last week were not dovish, tariffs are still causing inflation providing strength and stability for the greenback.
Waiting for UK CPI data to confirm my analysis.
Leave a comment below, let me know what you think. Share with friends. Check out my profile for more awesome trade plans and setups. DM for copy trading, use any regulated FX broker.
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~Michael Harding
USTECUSTEC price is in a correction period. If the price cannot break through the 20664 level, it is expected that in the short term, there is a chance that the price will fall.
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EURNZD Downtrend in Play – Key Breakdown & Bearish OutlookThe 4H chart of EURNZD shows a descending trendline resistance, indicating a sustained bearish trend.
Price is rejecting the 1.8850 resistance level, aligning with the 38.2% Fibonacci retracement, reinforcing the bearish bias.
A potential breakdown could lead the pair towards the 1.8726 support level (50% Fibonacci), followed by the 1.8200 key demand zone.
Trade Setup & Levels:
Entry Zone: Below 1.8820 after a confirmed rejection.
Target 1 (TP1): 1.8726 – mid-support level
Target 2 (TP2): 1.8200 – major demand zone & 100% Fibonacci extension
Stop Loss (SL): Above 1.8987 to avoid false breakouts.
Bearish Confirmation Factors:
✅ Lower highs and trendline rejection, confirming downward momentum.
✅ Breakdown of support zones, leading to extended selling pressure.
✅ Fibonacci confluence, reinforcing downside targets.
Conclusion:
A break below 1.8726 will accelerate selling momentum, with 1.8200 as the ultimate bearish target. Traders should watch for confirmation signals before entering short positions. 📉
GBPUSD in Correction Phase – Potential for a Short OpportunityGBPUSD ( FX:GBPUSD ) is approaching the Support zone($1.286-$1.278) , Support lines and Important Support line .
Regarding Elliott Wave theory , GBPUSD appears to have completed the microwave 5 of the main wave 3 with the help of the Ending Diagonal Pattern and is currently completing the main wave 4 . The main wave 4 is likely to have a Double Three Correction(WXY) .
I expect GBPUSD to decline at least to the Support zone($1.286-$1.278) and Support lines .
Note: If GBPUSD goes above $1.30 we should expect more pumping. The worst Stop Loss(SL) for a SHORT position could be $1.30.
Note: If GBPUSD falls below $1.2760, we should expect more dumping.
Please respect each other's ideas and express them politely if you agree or disagree.
British Pound/U.S. Dollar Analyze (GBPUSD), 4-hour time frame.
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NZDCAD - Buy Setup at Key Support LevelOANDA:NZDCAD is approaching a key demand zone, which has historically acted as strong support. The recent decline has brought the price back into this area, increasing the likelihood of a potential bullish reaction.
If buyers step in and confirm support within this zone, we could see a rebound toward the 0.8250 level, aligning with a corrective move after the recent drop. However, failure to hold this support could signal further downside continuation.
Traders should watch for bullish confirmation signals, such as rejection wicks, bullish engulfing patterns, or increased buying volume, before considering long positions.
If you agree with this analysis or have additional insights, feel free to share your thoughts!
NZD/USD Bullish Reversal – Key Levels & Trade PlanThe 4H chart shows NZD/USD forming a bullish structure with an ascending trendline support.
A breakout from the descending wedge pattern signals potential upside momentum.
The price is currently testing a key support zone near 0.5740, aligning with the 23.6% Fibonacci retracement level.
Trade Setup & Levels:
Entry Zone: Above 0.5740 (support holding)
Target 1 (TP1): 0.5817 – previous resistance
Target 2 (TP2): 0.6050 – Fibonacci 61.8% level
Stop Loss (SL): Below 0.5620 (previous support structure)
Bullish Confirmation Factors:
✅ Trendline support remains intact, preventing further downside.
✅ Breakout from wedge pattern, indicating buying pressure.
✅ Higher lows formation, showing gradual accumulation of demand.
Conclusion:
A confirmed breakout above 0.5817 will validate the bullish move toward 0.6050. If price sustains above the resistance, we expect further upside momentum in the coming sessions. 📈
USDJPY; Heikin Ashi Trade IdeaOANDA:USDJPY
In this video, I’ll be sharing my analysis of USDJPY, using my unique Heikin Ashi strategy. I’ll walk you through the reasoning behind my trade setup and highlight key areas where I’m anticipating potential opportunities.
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Bearish reversal?EUR/NZD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.89747
Why we like it:
There is a pullback resistance level that line sup with the 61.8% Fibonacci retracement.
Stop loss: 1.90810
Why we like it:
There is a pullback resistance level that lines up with he 78.6% Fibonacci retracement.
Take profit: 1.8743
Why we like it:
There is a pullback support level.
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Gold sell Target SuccessfulThe chart shows Gold (XAU/USD) on a 1-hour timeframe, demonstrating a potential retracement and target completion. Below is a detailed analysis of the key points:
Key Observations:
1. FVG (Fair Value Gap):
- The FVG (Fair Value Gap) is shown in the area between 3,007.175 and 3,009.895, which represents a price imbalance. This area often acts as a support zone if the price retraces. It’s clear that the price initially moved above this FVG area before encountering a pullback.
2. Order Block:
- The order block area is located just above the FVG zone, between 3,007.510 and 3,032.000. The order block acts as a resistance level, where sellers may enter the market, causing the price to reverse. The chart shows that the price has tested this order block, but it faced resistance and is currently retreating.
3. Target:
- The target for this setup is indicated at 3,004.000. After the price fills the FVG gap and tests the order block, the price is expected to retrace further, heading toward this target level. The chart indicates that the target has been completed, which suggests the price has reached this level or is expected to do so soon.
4. Price Action:- The price initially moved upwards, testing the order block and FVG zones, but after facing rejection, it started to move downward. The bearish correction might continue towards the target at 3,004.000. This pattern suggests a retracement after resistance at the order block.
5. Volume:
- The volume bars at the bottom of the chart show higher volume during the upward move but decreased volume during the pullback. This could imply that the buying pressure is weakening, and the price is likely to continue its bearish retracement toward the target.
Potential Scenarios:
1. Bearish Continuation:
- The price is currently retreating from the order block and likely heading toward the FVG to complete the retracement. Once the price fills the FVG gap at 3,004.000, this could provide a buying opportunity for the next bullish move if support is established at this level.
2. Bullish Reversal After Target:
- If the price hits the target at 3,004.000 and finds support, a bullish reversal might occur from this level, leading to an upward move toward the order block again. A break above the order block would signal further upside potential.
3. Break of Support:
SILVERThe chart shows Silver (XAG/USD) on a 4-hour timeframe, with clear indications of an FVG (Fair Value Gap) and a potential pullback to a key support level. Here's the detailed analysis:
Key Observations:
1. FVG (Fair Value Gap):
- The FVG zones are marked above and below the price, with the first one at the top of the chart around 33.1747. This represents an imbalance in price action that may act as a resistance zone. The price has recently tested this FVG area and failed to break through, showing a possible pullback or consolidation before moving further.
- The second FVG area below the price is situated around 32.3974, and if the price retraces, this gap could be filled, providing a potential support zone for further price movement.
2. Bullish to Bearish Transition:
- The price broke above the previous resistance, but it seems to be facing some rejection at the upper FVG. The potential move here shows the price retracing down towards the lower FVG, indicating a possible correction before the next bullish attempt.
- The chart suggests that the price might first test the upper FVG, then retreat, filling the lower FVG, before ultimately finding support around 32.3974. This would provide a solid base for the next upward movement.3. Target:
- The target is set at 32.3974, indicating that after filling the lower FVG and retracing, this is the next support level that could help the price stabilize and bounce back.
4. Volume:
- The volume at the bottom of the chart shows fluctuating buying and selling pressure, with larger bars during upward price moves. If the price pulls back to the lower FVG and sees a significant increase in buying volume, this would confirm a strong support zone and a potential continuation of the bullish trend.
Potential Scenarios:
1. Pullback Scenario:
- After testing the upper FVG around 33.1747, the price might retrace toward the lower FVG at 32.3974. If the price holds above this level and shows signs of reversal (such as a bullish candlestick pattern), it could continue its upward move. This would be an opportunity to buy at a lower price.
2. Bearish Breakdown:
- If the price fails to hold the 32.3974 support level, it could break lower and continue downward toward the next support levels. In this case, the FVG gap would have been filled, and a new trading range could be established below the current level.
3. Bullish Reversal:
BTCUSD TARGET SUCCESSFUL DONEThe chart shows Bitcoin (BTC/USD) on a 1-hour timeframe, with a bullish breakout and a clear upward movement in price. Here’s a detailed breakdown:
Key Observations:
1. Price Action & Bullish Trend:
- The price shows strong bullish momentum after breaking out of a descending channel, where it was previously moving in a downward direction.
- The chart shows a breakout above the resistance level marked by the upper blue trendline of the descending channel. After this breakout, the price surged sharply, signaling the start of an upward trend.
2. FVG (Fair Value Gap):
- The FVG (Fair Value Gap) area is marked around the 84,000 level. This gap represents an imbalance in price action, where there may have been a lack of price discovery.
- The FVG can act as a support zone. If the price retraces back toward this level, it may find support and continue the bullish movement toward the target.
3. Target:
- The target is set at 86,134, indicating the price goal for the current bullish move. After the breakout above the descending channel, the next resistance zone is at this level, which could be a key point to monitor for possible profit-taking or reversal.- If the price moves towards the target, a breakout beyond this level would signal further upside potential.
4. Volume:
- The volume has been increasing during the upward price movement, suggesting that the buying pressure is strong and that the trend may continue if the volume remains elevated.
Potential Scenarios:
1. Bullish Continuation:
- The price has recently broken out above the resistance trendline, and if it holds above the FVG zone (around 84,000), the bullish momentum could continue. The next key target is 86,134, and if this level is breached, further upside could be expected.
2. Retracement and Buy Opportunity:
- If the price retraces back toward the FVG zone at 84,000, traders may consider entering long positions, with a possible target at 86,134. A bounce off this level could provide confirmation that the bullish trend is intact.
3. Breakdown Below Support:
- If the price fails to hold above the FVG zone and breaks below 84,000, the bullish thesis may weaken, and the market may consolidate or reverse.
USDJPY Trending Lower - Will It Drop To 145.200?OANDA:USDJPY is currently trading within a descending channel, indicating a strong bearish structure. The price has broken below a key support zone and may now pull back for a potential retest. This level previously acted as support and could now serve as resistance, aligning with a possible bearish continuation.
If sellers confirm resistance at this zone, the price is likely to move downward toward the 145.200 target. However, a failure to reject this level could indicate a potential shift in momentum.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, strong wicks rejecting the resistance zone, or increased selling volume, before considering short positions.
Let me know your thoughts or any additional insights you might have!
Bullish bounce off pullback support?XAU/USD is falling towards the support level which is a pullback support that line sup with the 78.6% Fibonacci projection and could bounce from this level to our take profit.
Entry: 2,983.48
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
Stop loss: 2,952.61
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 3,028.95
Why we like it:
There is an overlap resistance level.
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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.
EURCAD Approaching Major Resistance - Correction Incoming?OANDA:EURCAD is approaching a significant resistance zone, marked by prior price rejections and strong selling pressure. This area has historically acted as a key supply zone, indicating the potential for a pullback if sellers step in and regain control.
If the price rejects this resistance, we could see a pullback toward 1.55000, aligning with a corrective move after the recent bullish rally. However, a clean breakout above this resistance zone would invalidate the bearish bias and could lead to further upside toward higher levels.
Traders should monitor for bearish confirmation signals, such as rejection wicks, bearish engulfing candles, or increasing selling volume, before considering short positions.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments! 📉
EURUSD Approaching Key Demand Zone – Potential Rebound?OANDA:EURUSD is approaching a key demand zone marked by previous price reactions. This area has historically acted as strong support, leading to bullish moves in the past. The current structure suggests that buyers may step in if the price confirms a rejection from this zone.
If we see bullish confirmation, such as a strong rejection or a bullish engulfing candle, the market could push higher toward the 1.04020 level. However, a break below this demand zone would invalidate the bullish bias and could lead to further declines.
This setup reflects the potential for a rebound after an impulsive move, supported by past price behavior and market structure.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Potential bullish rise?NZD/JPY has bounced off the support level which is an overlap support and could rise from this level to our take profit.
Entry: 85.54
Why we like it:
There is an overlap support level.
Stop loss: 85.10
Why we like it:
There is an overlap support level that tis slightly above the 61.8% Fibonacci retracement.
Take profit: 86.65
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
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.
EURUSD Forming the new long-term Top.The EURUSD pair continues to trade within a Bullish Megaphone pattern and is about to complete today the 4th straight red 1D candle.
This is technically a top formation as the 1D RSI went from overbought (above 70.00) to below 60.00. Technically a downtrend gets confirmed when the price breaks below the 1D MA50 (blue trend-line) so until it does, the probability for another short-term bounce there isn't small. This is what took place in September 2024.
Once the 1D MA50 breaks though, we expect a test of Support 1 at 1.03650, as it happened on October 23 2024.
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SILVER PROJECTION Here's my projection for Xag this week.
PS: price would do what it wants to do regardless
We cleared the high of the second week of the Month 34.067 and close bearish last week. Hence my anticipation that price is going to clear the los of the second week as well which is 31.789 taking that as my draw of Liquidity 🧲.
Shuffling down to H4, everything now depends on confirmation. Price may react from 33.302 and continue to the downside or price may decide to go and test that 33.597 zon before the sell continuation.
Watch out for these zone for trade opportunity.
Kindly boost if you find this insightful 🫴
BULLISH MOVEMENT AFTER 3000 LEVEL RETEST ALERT!Hello trader
today market is higher high mark and continue bull pattern and also make a trend line in m30
so we wait to break and test for change the trend wanna gold see 4 Time tap and go for BUY
and trend also bullish so going with bull bias
key level for target 3045 and 3060