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GBPUSD DOWN NEXT MOVE BIG FALL SOON Bullish Breakout Scenario (Reversal): Alternative Idea: Instead of reversing at the strong selling zone, GBP/USD could break above the resistance level at 1.2940 and continue upward. Trigger: If strong bullish momentum emerges (e.g., fueled by positive UK economic news or weak US dollar sentiment), this could invalidate the bearish setup and turn the trend bullish. Next Target: A breakout might push the price toward 1.3000 or higher, targeting previous swing highs. 2. Range-Bound Movement: Alternative Setup: GBP/USD may fail to show any clear breakout and instead consolidate within a tight range between 1.2880 and 1.2940. Trigger: Lack of volume or mixed economic data could lead to sideways movement, trapping traders expecting immediate directional momentum. 3. Bullish Divergence Possibility: Technical Suggestion: Check for a potential bullish divergence on momentum indicators like RSI or MACD, where price is making lower lows, but the indicator shows higher lows. Implication: This could signal weakening bearish pressure, increasing the chances of a reversal. 4. Fundamental Risk: Macroeconomic Impact: The chart analysis could be disrupted by upcoming events like central bank decisions, inflation data, or geopolitical developments that may favor either currency
Long
by mrsamfx81
Wednesday Market Outlook: Bearish Trend Expected📉 Wednesday Market Outlook: Bearish Trend Expected Tuesday’s price action played out as expected, confirming my bias. While price didn’t fully tap into my POI before the rally, the movement remains valid. --- 📊 Wednesday’s Forecast For Wednesday, I’m expecting: ✅ Monday’s high to be taken out ✅ Tuesday’s high to be taken out ✅ Price to reach my bearish POI at 1.29794 From there, I’ll be looking for a drop to 1.28835. --- 📉 Overall Bias: Bearish Given this setup, I’m maintaining a bearish stance for Wednesday. Now, it’s all about patience and execution. Let’s see how price unfolds. Are you bullish or bearish this week? Drop your thoughts below! 👇🏾 join our community for more market insights. #Forex #MarketOutlook #TradingPlan #GBPUSD
Short
by CARVAH
EURJPY - Buy Trade SetupIf risk-on sentiment prevails, I expect to see further upside with EURJPY towards the 165 handle. Should technicals breaks back below the most recent bullish breakout, I most likely will lose confidence confidence and trim my lose. For now, I'm bullish ~ Know thy self 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. Trade Safe - Trade Well ~Michael Harding
Long
by Michael_Harding
AUDNZD - Sell Trade SetupTaking a look at AUDNZD on the daily timeframe, price action has pulled back to a key level of resistance. Unless something significant happens, there's no rational or fundamental reason for this pair to breakout to the upside. For this reason, I'm interested in short selling this pair. 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 account management Trade Safe - Trade Well ~Michael Harding
Short
by Michael_Harding
GBPNZD: Fractured Ascent Signals Potential ReversalGBPNZD 4-hour chart reveals a compelling narrative of a weakening bullish trend potentially poised for a significant reversal. The pair's recent price action exhibits characteristics of a rising wedge pattern, a formation often indicative of an impending downside breakout. Key Technical Observations: Rising Wedge Formation: The converging trendlines point to a potential exhaustion of the upward momentum. The upper trendline has seen repeated rejections, suggesting a lack of sustained buying pressure. Critical Support Level: The 2.25359 level is acting as a crucial support zone. A decisive break below this level would confirm the wedge breakdown and likely trigger a sharp bearish move. Resistance Zone: The area around 2.27505 represents a significant resistance zone. Failure to break above this level reinforces the bearish outlook. Potential Downside Targets: The chart indicates potential targets at 2.22934 and the low of 2.16774. These levels could act as significant support zones during a potential downtrend. Trading Implications: Short Entry Consideration: Traders should closely monitor the price action for a decisive break below the 2.25359 support. A confirmed breakdown could signal a strong short entry opportunity. Stop-Loss Placement: A prudent stop-loss should be positioned above the recent swing high or the upper trendline of the wedge to mitigate risk. Risk Management: Given the potential for increased volatility during a breakout, sound risk management is paramount. Considerations: Confirmation of Breakdown: A break below the 2.25359 support should be accompanied by strong bearish momentum and ideally, an increase in trading volume to validate the signal. Fundamental Factors: Upcoming economic data releases from both the UK and New Zealand should be closely monitored, as they could significantly impact the pair's price action. Conclusion: The GBPNZD chart presents a compelling case for a potential bearish reversal. The rising wedge pattern, coupled with the critical support at 2.25359, suggests a high probability of a downside breakout. Traders should exercise caution and await confirmation of the breakdown before initiating short positions. Effective risk management is crucial to navigate the potential volatility associated with this trade setup.
by ultreosforex
GBPAUD Bearish Breakout Imminent: Points to Potential Downside4-hour chart of GBPAUD reveals a critical juncture. We've observed a recent uptrend culminating in what appears to be a rising wedge formation. This pattern, characterized by converging trendlines, often signals a potential reversal, particularly after a sustained bullish run. The upper trendline has faced repeated tests, indicating weakening upward momentum. Crucially, the 2.04938 level acts as immediate support. A decisive break below this point would validate the wedge breakdown and likely trigger a significant bearish move. Key Levels and Targets: Immediate Support: 2.04938 Target 1: 2.03263 (Initial downside target) Target 2: 2.00516 (70.0% Fibonacci Retracement) Target 3: 1.97478 (100.0% Fibonacci Retracement) Fibonacci Analysis: The price action has breached the 50.0% retracement level, suggesting a potential continuation towards the 61.8% and lower levels. The 70.0% and 100.0% retracements are critical downside targets. Trading Implications: Short Entry: A confirmed break below 2.04938 is the primary trigger for a short entry. Stop Loss: A conservative stop-loss should be placed above the recent swing high or the upper trendline of the wedge to mitigate risk. Risk Management: Given the potential for volatility, prudent risk management is essential. Considerations: Confirmation: A break below 2.04938 must be accompanied by strong bearish momentum and ideally, increased volume to validate the signal. Fundamental Factors: Keep a close eye on upcoming economic data releases from both the UK and Australia, as these can significantly impact the pair.
Short
by ultreosforex
Why GBPJPY is bullish ?? Detailed Technical and FundamentalsGBPJPY is currently trading around 193.000, with technical analysis indicating a potential bullish breakout that could yield gains exceeding 300 pips, targeting the 198.000 level. This anticipated movement is supported by the pair’s recent behavior, where it edged higher to 194.89 before a slight retreat, suggesting consolidation ahead of a possible upward surge. A strong breakout from the current resistance zone could trigger an aggressive bullish wave. Fundamentally, the British pound has shown resilience, bolstered by stable economic indicators and a proactive monetary policy stance from the Bank of England. Meanwhile, the Japanese yen has experienced depreciation, influenced by the Bank of Japan’s commitment to maintaining ultra-loose monetary policies. The widening interest rate differential between the UK and Japan favors a stronger GBP, adding bullish momentum to the pair. Technical indicators further reinforce the bullish outlook for GBP/JPY. The pair has been trading within a consolidation range, and a breakout above the current resistance level could signal the continuation of the prevailing uptrend. Moving averages and oscillators are aligning to support this bullish scenario, with the potential to reach the 198.000 target. Volume analysis also suggests growing buying pressure, which could accelerate the upward move once resistance is breached. Traders should monitor key resistance levels closely, as a confirmed breakout could present a lucrative opportunity to capitalize on the anticipated 300-pip movement. Implementing robust risk management strategies, such as setting appropriate stop-loss orders, is essential to mitigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in navigating this trading opportunity effectively.
Long
by AndrewsMarket-Mastery
EUR/USD: Sideways Movement Persists Below Key LevelThe EUR/USD market remains in a consolidation phase just below the November 2024 low. Recently, the price experienced false breakouts beneath both a key support level and last week's low, followed by a strong bullish rebound. This pattern suggests a likelihood of continued sideways movement in the near term. At present, the price is testing the previous day’s high. If upcoming news does not negatively affect sentiment, the market may attempt a move higher, especially after multiple failed breakdowns of support. However, until a decisive break occurs beyond last week’s range, price action is expected to remain range-bound. The next target lies at the resistance zone around 1.08820
Long
by RTED_Investing
Gold prices remain on the riseLast week, the world gold price surpassed the historical peak of over 3,057 USD/ounce but quickly decreased due to profit-taking pressure from investors. However, the price remained above the psychological support level of 3,000 USD/ounce - a level that many experts predicted would be an important support in the coming time. The general sentiment in the market is still leaning towards optimism. Many central banks continue to increase their gold reserves as a way to diversify away from the USD. Meanwhile, individual investors and ETFs have also begun to return to the gold market. Data from the SPDR Gold Shares fund shows that the amount of gold held has increased by more than 37 tons this year, to 910 tons. Although this figure is still lower than in 2020, the upward momentum is returning due to concerns about inflation and escalating trade tensions.
OANDA:XAUUSDLong
by FalCol_TradingMaster
BTCUSD BUY NEXT MOVE 1. Bearish Reversal Scenario: Alternative Outlook: Instead of continuing upward to the next target, Bitcoin may fail to breach the resistance and reverse downward due to a potential "bull trap." Trigger: A rejection at or near the double-top resistance around $88,000 could initiate a sell-off toward the trendline support near $85,000 or lower. Bearish Volume Confirmation: If there is a significant bearish divergence on indicators like RSI or MACD, it could confirm the weakening bullish momentum. 2. Range-Bound Consolidation: Alternative Setup: BTC might get stuck in a sideways consolidation range between $85,000 (support) and $88,000 (resistance), reflecting indecision in the market. Trigger: This could be driven by mixed macro signals (like interest rate policies, crypto market sentiment) and lack of volume to push the price strongly in either direction. 3. False Breakout (Bull Trap): Alternative Bearish Scenario: If BTC spikes slightly above the double-top resistance (around $88,000) but fails to hold the breakout level, it could trap late buyers and drop quickly. Trigger: A false breakout pattern often occurs with low volume on the breakout attempt followed by a sharp reversal. Potential Drop Target: BTC may then fall toward $83,000 or even retest $82,000 as deeper support
BITSTAMP:BTCUSDLong
by mrsamfx81
EUR/USD: Bearish Reversal Potential at Fibonacci LevelEUR/USD daily chart provides a nice short opportunity. The pair recently experienced a retracement as part of an extended downtrend, reaching the 70.00% Fibonacci retracement level and facing resistance at the 1.09957/1.09947 level. A confluence of technical variables in this way can serve as a potential reversal point and resumption of the underlying bearish trend. Trading Strategy: Entry: Sell short EUR/USD at or near the prevailing price (1.08361) on confirmation of bearish price action such as a rejection candle off the resistance point. Stop Loss: Place a stop-loss order above the new high (1.12142) or at a judiciously chosen resistance level to manage risk. Take Profit: Look for the following support levels as probable take-profit points: 1.07323 1.07286 1.06794
Short
by ultreosforex
1
STRONG REVERSAL COMMING FROM NEW ATH ALERT!📈 Description: This is a 2-hour timeframe analysis of Gold, the market is currently consolidating between a strong support zone 📉 and a weekly high resistance level 📈. Two possible breakout scenarios can be expected: ✅ Bullish Scenario: If the price holds the strong zone at 3028 and gains momentum, it may break out above the weekly high 🚀. ❌ Bearish Scenario: If the price breaks below this strong support zone i.e 3028, it could trigger a downward move toward a lower support level 📉. 👀 Traders should watch for breakout confirmations before entering trades! 📊📉📈 follow risk management
TVC:GOLD
by ANNA_EXPERT
GOLD NEXT MOVE Bullish Breakout Potential: Alternative Scenario: Instead of the bearish move toward the lower targets, the price might break through the strong resistance (highlighted at the "double top" area). Trigger: A strong bullish volume surge could invalidate the resistance zone, leading to an upward breakout toward a potential new high, around 3,050–3,070. 2. Support Holding Strong: Alternative Outlook: The "Target Breakout" support level may serve as a key reversal zone, forming a higher low. If buyers defend this level aggressively, it could lead to a trend reversal back to the top of the range. Trigger: Bullish momentum around the support could push the price back toward 3,040 and invalidate the bearish arrow projection. 3. Sideways Consolidation: Alternative Setup: The price might remain range-bound between 3,020 and 3,040 for some time due to market indecision, as traders assess macroeconomic factors (e.g., inflation, central bank moves). Trigger: Lack of clear bullish or bearish momentum could lead to whipsaw action, trapping both buyers and sellers.
TVC:GOLDLong
by mrsamfx81
1
Potential bearish reversal?USD/JPY is rising towards the pivot and could reverse to the 1st support which has been identified as an overlap support. Pivot: 151.21 1st Support: 146.92 1st Resistance: 154.40 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
4
Bullish bounce?The Kiwi (NZD/USD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as an overlap resistance. Pivot: 0.5692 1st Support: 0.5596 1st Resistance: 0.5836 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
2
Bullish bounce?GBP/JPY is falling towards the pivot and could bounce to the 1st resistance. Pivot: 191.16 1st Support: 189.22 1st Resistance: 194.56 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 reversal off pullback resistance?USD/JPY is rising towards the resistance level that is a pullback resistance and could reverse from this level to our take profit. Entry: 149.68 Why we like it: There is a pullback resistance level which is a pullback resistance. Stop loss: 150.16 Why we like it: There is a pullback resistance level that line sup wit the 138.2% Fibonacci extension. Take profit: 148.96 Why we like it: There is a pullback support 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.
Short
by VantageMarkets
Bullish bounce?AUD/USD is falling towards the support level which is an overlap support that line sup with the 71% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.6248 Why we like it: There is an overlap support level that lines up with the 71% Fibonacci retracement. Stop loss: 0.6203 Why we like it: There is a pullback support level. Take profit: 0.6305 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