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EURUSD 1D MA50 break-out after 4 months. Major bullish signal.The EURUSD pair broke above its 1D MA50 (blue trend-line) for the first time in almost 4 months (since October 03 2024). This is a major bullish signal as not only does it stop the downtrend that started on the September 25 2024 High but it resembles the post bottom rally of the November 02 2023 and March 21 2023 1D MA50 break-outs. The 1D RSI sequences between those fractals are identical and both previous bullish break-outs hit at least their 0.681 Fibonacci retracement levels. That is currently where the 1W MA200 (red trend-line) is trending towards, which is the major multi-year Resistance and a valid target and sell entry for swing traders. The current rebound however faces for the first time in years a bearish trending 1D MA200 (orange trend-line), so our Target has to be on it and not exceed it. We are aiming for 1.07500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Could the Fiber bounce from here?The price is falling towards the support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.0451 Why we like it: There is an overlap support level that lines up with the 23.6% Fibonacci retracement. Stop loss: 1.0391 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Take profit: 1.0535 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
Bearish reversal?GBP/USD has reacted off the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.2477 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. Stop loss: 1.2613 Why we like it: There is an overlap resistance level. Take profit: 1.2367 Why we like it: There is an overlap support level that aligns with the 38.2% 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.
Short
by VantageMarkets
1
Bullish bounce off 50% Fibonacci support?NZD/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.5648 Why we like it: There is a pullback support that lines up with the 50% Fibonacci retracement. Stop loss: 0.5584 Why we like it: There is a pullback support that is slightly below the 78.6% Fibonacci retracement. Take profit: 0.5722 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
Bearish reversal for the Cable?The price is reacting off the pivot which acts as an overlap resistance and could drop to the 1st support which is a pullback support. Pivot: 1.2493 1st Support: 1.2241 1st Resistance: 1.2690 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
3
Bearish drop off pullback resistance?The Aussie (AUD/USD) is reacting off the pivot and could drop to the 1st support which has been identified as a pullback support. Pivot: 0.6301 1st Support: 0.6183 1st Resistance: 0.6397 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
1
Traders MindsetLet’s talk about mindset! You hear everyone saying; mindset is the most important in trading. But what is having “the right mindset” ? Now here is a little secret. Mindset is not just being focused on the money. “I must be profitable”. No. Having the right mindset is having a set of attitudes. Quite literally the definition.. Mindset /ˈmʌɪn(d)sɛt/ noun (usually in singular) the established set of attitudes held by someone. How you approach the market is very important. Have a set of rules for yourself. - Do I have a trading plan? Having a trading plan is important. It helps you follow something day in and day out. - Do I have good market conditions? Having good market conditions is important as it helps you make more clear decisions. Trading in sideways markets usually ends badly. It forces the trader to become impatient and entering too soon, expecting a breakout to either side usually leads to loses. - Do I know the risk? Understanding the risk before you enter the trade is important. Majority of traders over-leverage, meaning they use high leverage thus being able to open higher lot size positions. That usually leads to blown accounts. Knowing what you are risking, eliminates a lot of the emotions. - Do I have any confirmations? Whether that’s a break, a pullback, fundamentals supporting your view that’s great! Having confirmations on your analysis or trade is important. - Is this trade forced? Am I being nervous before entering? Am I not sure? Am I gambling on this trade? Understanding your emotions is important. Ever felt like this when you opened a trade, knowing you shouldn’t and it instantly went against you? Avoid these trades. One more thing I would like to add. Ever been stuck to your screen 24/7? Lost sleep over a trade. Here is a fact. You watching the chart, won’t change its path. Sad truth. There is nothing wrong with following your trade, but if you are watching your losing trade, then I already know where it leads. You do too. Avoid this. Going back to the #1 rule. Know your risk before entering. Eliminate emotions. Having the right mindset is following your own rules and having a set of habits. Habits that help you to grow as a trader. Eliminate bad habits. Review your past trades. You all know why you lost a trade. But will you look for an excuse? “Ah the market did a liquidity sweep” or “market is manipulated”. The market is never wrong. You as a trader are. Don’t celebrate wins or mourn loses on your account. Treat it as your full time job. You have some good days, you have some bad days. You win, you move on. You lose, you move on. As long as you are following the trading plan, you will succeed. Understanding this, combined with experience will grow you as a trader. And guess what the by product of this is? Money. So don’t focus on money. Focus on self-growth, mindset, experience and upgrading your skillset of trading. Money will be the byproduct of your journey. Create your mindset plan. A set of rules for yourself. Try doing it for 30 days. Come back to this post and tell us if you have improved. Nothing or no one is stopping you from being a successful trader but yourself. It’s not the market and no it’s not the broker. Majority of traders quit after blowing a few accounts. The rest stick around for years but make no progress. Only a few % of them actually find the meaning behind it and succeed. What’s the secret? Signals? Prop Firms? Account managers? EA’s? No. Sure all these things can benefit you slightly. But what truly is the secret to being successful in trading? You! You are the secret. Understanding yourself, your emotions, your reactions to certain events. Trading is a mirror of you. An amplified picture of you. Are you impatient? Scared? Nervous? Greedy? Forex will amplify those emotions. The biggest battle you have to win is the battle with yourself. Not the market. Trading is easy, you have a trading plan, you stick to it. Sometimes you may have a loosing week, happens right? But as long as you are sticking to your strategy, understanding the market, using a positive R:R and understanding the importance of consistency you should be fine. But here is the hard part. Your reactions. Your emotions. Let’s take for example NFP Data release. Weeks or even months of progress can be wiped out due to irrational decisions during news. Don’t be that trader. Suppress your emotions, don’t get greedy. Take a jab at the market, but only after the data is out. Remember, no one is stopping you from being a successful trader, but yourself. A key element added to a traders mindset is PATIENCE . patience /ˈpeɪʃns/ (noun) - the capacity to accept or tolerate delay, problems, or suffering without becoming annoyed or anxious. That’s the definition of patience. Trading is a stressful field. Not only does your analysis have to be on point, you have to be focused, have a trading plan, use proper risk to reward ratio… so many factors and then comes the patience. We already know that the market always provides unexpected problems. It plays with our emotions, ranges, does not move, goes against us etc. How many times have you entered in a position and the price started to range, while you float in loss? You start doubting, you get scared and you close the position. Or even worse, you get stopped out. Later in the day you check the chart and you see your Take Profit (TP) would have been hit, but only if you were more patient? Or how many times have you had an A+ setup, everything was going to plan but you closed it early because you wanted to secure the profit? Being a good trader is hard, but it’s not impossible. Discipline is everything as well as patience. Without patience you are bound to lose. From talking to many people, you would be surprised at how many of them want to “flip” their account. “Do you think I can make 2000$ this week” with 1000$ in their account. We will always advocate for patience. Playing the long game. Consistency + patience will get you far. Check some of the last trades you did. Were you patient? Ask yourself. Majority can find themselves in these stories. Work on your patience, and you will get far. For example, check out this long-term analysis on XAUUSD (Gold) posted on January 9th. Now we did close it earlier, but we still managed to secure +500 pips (50$ price action) in 3 days of holding. Patience. This post was made due to a high request of people liking our minds, so it has all been posted in a single educational post. FxPocket
OANDA:XAUUSDEducation
by FxPocket
1
GBPJPY Update: The Bulls Are in Full Control – What’s Next?What’s great, everyone! We’re back with another GBPJPY update, and it’s January 24, 2025. The market has been playing out exactly as we anticipated, and we’ve been capitalizing on every move with precision. If you’ve been following our breakdowns, you’ll remember that on January 17, we entered a long position at the 192.97 level. Some asked if this level would break, and I confidently said yes. Why? Because every retest of the 192.43 structure level held firm, showing strong buying interest. Once we got a confirmed break and close above 193.34 with volume, we knew the next leg higher was coming. Today, we took another long position after an H4 candle closure, targeting the highs at 194.69, which are well within reach. Beyond that, we’re eyeing the 198.10 and 198.85 levels as the market continues to respect the current range. As I always say, the market ranges 75-80% of the time, and knowing how to trade within these areas is key to consistent profits. Looking at the weekly chart, we see a powerful bullish candle forming with strong volume. If it closes this way, I’ll continue looking for buy opportunities up to the range highs. However, if we see weakness or a wick forming at the top, we’ll reassess. Key levels to watch: • Support: 192.43 (previous structure hold) • Targets: 194.69 (hit), 198.10, and 198.85 • Potential pullback areas: 194.00 for a re-entry opportunity As always, the market seeks liquidity, and our entries have been positioned strategically to capture these levels. If you haven’t seen the previous breakdowns, check them out to understand the full picture of this trade. If you’re enjoying these updates and want more in-depth breakdowns, make sure to boost the post, follow, and share with your fellow traders. Stay tuned for the next update as we continue to dominate GBPJPY! See you in the next one – peace!
Long
by BlueOceanFxAcademy
#NAS100USD 4HNAS100USD (4H Timeframe) Analysis Market Structure: The price has formed a sell engulfing candlestick pattern in a key resistance area, indicating increased selling pressure. This bearish reversal pattern suggests that sellers are gaining control, and the price may start moving lower from this area. Forecast: A sell opportunity is expected as the sell engulfing pattern signals a potential bearish reversal. The price is likely to target nearby support levels if the selling momentum continues. Key Levels to Watch: - Entry Zone: Near the sell engulfing area after confirmation of continued bearish pressure. - Risk Management: - Stop Loss: Placed above the high of the sell engulfing candlestick to manage risk. - Take Profit: Target significant support levels below for potential downside movement. Market Sentiment: The sell engulfing candlestick pattern reflects bearish sentiment, suggesting a potential reversal from the current resistance area. Proper confirmation is recommended before entering the trade to align with market momentum.
OANDA:NAS100USDShort
by PIPSFIGHTER
GBPNZD Technical buy opportunity below the 1D MA50.Last time we looked into the GBPNZD pair (October 02 2024, see chart below), we issued a clear buy signal at the bottom of the long-term Channel Up, that easily hit the 2.1900 Target: Yet again, the price got rejected at the top of the Channel Up and pulled-back where it is consolidating below the 1D MA50 (blue trend-line). In the 12 months of this pattern, this has always been an excellent technical buy opportunity, with the minimum immediate rally being +4.15%. As a result, we feel confident buying this pair and target 2.2550. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1