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#CHFJPY 4HCHFJPY 4-Hour Analysis The CHFJPY pair has formed a sell engulfing pattern on the 4-hour chart, indicating strong bearish sentiment and potential downside movement. This area highlights increased selling pressure, making it a favorable setup for bearish trades. Technical Outlook: Pattern: Sell Engulfing Area Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position after confirming bearish price action around the engulfing area, such as rejection candles or lower highs forming near the zone. Traders should use indicators like RSI to check for overbought conditions or MACD for bearish momentum confirmation. Implement proper risk management with stop-loss orders placed above the engulfing zone and profit targets at nearby support levels.
Short
by PIPSFIGHTER
2
#AUDCAD 4HAUDCAD 4-Hour Analysis The AUDCAD pair is trading near a channel support level on the 4-hour chart, indicating a potential reversal or bounce from this zone. The channel support has historically acted as a strong area where buyers regain control, presenting an opportunity for bullish trades. Technical Outlook: Pattern: Channel Support Forecast: Bullish (Buy Opportunity) Entry Strategy: Consider entering a buy position near the channel support after confirming bullish price action, such as bullish engulfing candles or a double bottom formation. Traders should monitor indicators like RSI for oversold conditions or MACD for signs of bullish momentum. Apply appropriate risk management with stop-loss orders placed below the support line and profit targets set at resistance levels within the channel.
Long
by PIPSFIGHTER
#EURCHF 2HEURCHF 2-Hour Analysis The EURCHF pair has exhibited a bearish trend with a breakdown below the trendline support on the 2-hour chart. Additionally, the head and shoulders pattern reinforces the bearish outlook, indicating a potential continuation of downward momentum. This setup presents a strong sell opportunity. Technical Outlook: Pattern: Trendline Support Breakdown & Head and Shoulders Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position after confirming the breakdown and observing bearish price action signals, such as a retest of the broken trendline or the neckline of the head and shoulders pattern. Traders should watch for further confirmation with indicators like RSI indicating bearish divergence or MACD showing a bearish crossover. Implement effective risk management by setting stop-loss orders above the neckline or trendline and targeting key support zones below for potential take-profit levels.
Short
by PIPSFIGHTER
Heading into pullback resistance?The Fiber (EUR/USD) is rising towards the pivot which is a pullback resistance and could drop to the 1st support which has been identified as a pullback support level. Pivot: 1.0451 1st Support: 1.0333 1st Resistance: 1.0533 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.
Short
by ICmarkets
Could the price reverse from here?The Gold (XAU/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the pullback support. Pivot: 2,627.26 1st Support: 2,585.13 1st Resistance: 2,664.57 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.
ICMARKETS:XAUUSDShort
by ICmarkets
Could the price bounce from here?GBP/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance. Pivot: 1.8103 1st Support: 1.7949 1st Resistance: 1.8325 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.
Long
by ICmarkets
Bullish bounce off pullback support?GBP/CHF is reacting off the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 1.1312 1st Support: 1.1255 1st Resistance: 1.1395 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.
Long
by ICmarkets
Bearish drop?EUR/NOK is reacting off the pivot and could drop to the 1st support which lines up with the 50% Fibonacci retracement. Pivot: 11.78946 1st Support: 11.71203 1st Resistance: 11.83382 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.
Short
by ICmarkets
US Index Bullish after the FOMC Fed rate Cut off to 4.5US index bulish after the FOMC Fed rate cut. Now the Price is still at 108.133 and the last resistance was break on the current level and wait for the confirmations The next level will be 109.156 and 109.954. The USD positive impact will have a negative impact on major pairs and gold; be careful when opening the trades. *Note: When the USD idex is strongly bullish and sentiments also show the data will impact after the gold bullish recovery.
PEPPERSTONE:USDXLong
by Bloom_Forex_Official
GBPUSD Bullish trade Idea after see some sold breakout confirmatGBPUSD bullish trade idea after seeing some sold breakout confirmations on H1. Buy Price LEVEL: 1. 2597 SL: 1.2550 TP: 1.27141 After the FOMC meeting yesterday night, the price dropped to 1.25627 with high volume when the Fed rate of 4.50 will boost the USD. The GBP index is bullish; just find the trade with a tight stop loss. *Note: The market is highly volitile in December; just place a smaller number of trades.
Long
by Bloom_Forex_Official
Hellena | SPX500 (4H): Short to support area 5846.5.Colleagues, I assume that price is completing a five-wave upward movement. I believe that the price may reach the resistance area of 6181.6 then I will consider only downward movement in correction to the area of 5846.5. It is possible that the price will immediately start moving towards this area, but this is a more risky plan. Still, I would like to see the completion of all waves “5” in one place! Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:SPX500USDShort
by Hellena_Trade
17
XAUUSDHello Traders! 👋 What are your thoughts on GOLD? Gold has recently broken its ascending trendline and is currently trading below the resistance zone. It is expected that after a pullback to the broken level, the price will resume its downward movement, targeting at least the specified support level. If the price confirms the pullback and reacts at the resistance level, short positions can be considered. The initial target for this decline is the identified support zone on the chart. Don’t forget to like and share your thoughts in the comments! ❤️
OANDA:XAUUSDShort
by HAMED_AZ
16
CHF/JPY Long Trade: Riding the Symmetrical Triangle BreakoutHi Traders ! I entered a long position on the CHF/JPY 15-minute chart, based on a potential bullish breakout from the symmetrical triangle formation. Here's my analysis: 1. Rising support and bullish pressure: The lower trendline shows higher lows, signaling accumulation and a likely breakout to the upside. 2. Moving Averages: The EMAs are tangled, but the 200 EMA (red) has consistently acted as dynamic support during consolidation. 3. RSI: The RSI is rebounding from the 50 level, indicating renewed buying momentum. 📈 Entry: Around 172.224. 🔴 Stop Loss: Set at 171.710, just below the triangle support. 🟢 Take Profit: Positioned at 172.674, using the triangle's height projected upwards as a target. This trade offers a solid risk/reward ratio with strong technical backing. Now, I’ll monitor the volume and wait for a breakout confirmation to validate the move. Does this align with your trading style, or would you tweak anything further? 🚀 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves significant risk, and you should carefully consider your financial situation before making any decisions. Past performance is not indicative of future results.
Long
by MetalsMine
Potential bullish bounce?GBP/CHF is falling towards the support level which is a pullback support that aligns with the 38.2% and the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.1314 Why we like it: There is a pullback support level that lines up with the 38.2% and the 50% Fibonacci retracement. Stop loss: 1.1254 Why we like it: There is an overlap support level that aligns with the 61.8% Fibonacci retracement. Take profit: 1.1395 Why we like it: There is a pullback resistance level. 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.
Long
by VantageMarkets