Potential bullish rise?GBP/CAD has reacted off the pivot and could rise to the 1st resistance which aligns with the 61.8% Fibonacci retracement.
Pivot: 1.7869
1st Support: 1.7786
1st Resistance: 1.7980
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.
Forexsignals
Falling towards 61.8% Fibonacci support?EUR/JPY is falling towards the pivot which has been identified as a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce to the pullback resistance.
Pivot: 157.97
1st Support: 156.57
1st Resistance: 159.48
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?EUR/NOK is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support.
Pivot: 11.6772
1st Support: 11.5994
1st Resistance: 11.7090
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 off 61.8% Fibonacci support?CAD/JPY is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 106.34
1st Support: 105.40
1st Resistance: 107.26
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?AUD/JPY is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 96.59
1st Support: 94.69
1st Resistance: 96.84
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 momentum to extend?EUR/USD is falling towards the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.0456
Why we like it:
There is a pullback support level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 1.0392
Why we like it:
There is an overlap support level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.0532
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.
Bullish bounce off pullback support?AUD/JPY is falling towards the support level which is a pullback support that is slightly below the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 95.69
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
Stop loss: 95.06
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 96.85
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.
Bullish bounce?AUD/CAD is reacting off the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.9006
Why we like it:
There is a pullback support level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 0.8976
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 0.9044
Why we like it:
There is a pullback resistance level that is slightly above the 138.2% Fibonacci extension.
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.
BTC/USDT - Liquidity Grab & Potential UPSIDE MOVEMarket Analysis:
Liquidity Sweep: BTC recently grabbed sell-side liquidity around $95,215 - $95,141, triggering stop losses and gathering institutional orders.
Reversal Signs: After tapping into this liquidity, a bullish reaction has started, with price now moving towards the buy-side liquidity range.
Potential Upside Move: If BTC maintains support above $95,600, we can expect a push towards the $97,000 - $97,600 range.
Trade Setup:
✅ Entry: $95,800 - $96,000 (After price confirmation)
🎯 Target 1: $97,050
🎯 Target 2: $97,600
🚀 Extended Target: $98,800 (If momentum continues)
❌ Stop-Loss: Below $95,100 (Below liquidity grab zone)
Trade Rationale:
📌 Liquidity Grab: Market makers swept stop losses, indicating potential reversal.
📌 Market Structure: Bullish recovery from key support zone.
📌 Risk-Reward Ratio: ~1:3 (low risk, high reward setup).
🔔 Waiting for confirmation before entry! A strong bullish candle close above $96,000 can confirm entry. 🚀
📢 Let me know your thoughts! Are you bullish or bearish on BTC? 📈👇
GOLD MELTDOWN INCOMING? THE ONLY BREAKDOWN YOU NEED!Welcome back, traders! Mr. Blue Ocean FX here, breaking down the latest price action on gold (XAUUSD) . Let’s dive straight into the technicals and see what the market is telling us.
Market Overview
Gold has been on a strong bullish run since December 30th, surging from the 2620 area all the way to 2942, marking an aggressive impulse move. However, last week, we saw signs of exhaustion, particularly with a rejection wick forming on February 10th, signaling potential downside pressure.
Daily Timeframe Analysis
On the daily chart, price action printed a double top around 2929, followed by a strong bearish engulfing candle that closed on Friday. This indicates a potential momentum shift from buyers to sellers. We also placed a key level at 2881, marking the recent wick low. This level is crucial because if price breaks below it, it would confirm sellers stepping in with conviction.
H4 Timeframe Analysis
Scaling down to the 4-hour (H4) chart, we can see a clearer structure:
• Price spiked high, retraced, and formed a higher low before another push up.
• The latest move shows a break and retest pattern, where price broke structure and is now testing previous support as resistance.
• While the H4 candle looks promising, we are waiting for a solid close to confirm the momentum shift before executing a trade.
H1 Timeframe Execution Plan
On the 1-hour (H1) chart, here’s our trade setup:
1. Waiting for a pullback after the breakdown.
2. Looking for price to form a lower high at 2896.
3. Entry confirmation comes with strong bearish volume and a small retest.
4. Short position at 2896, with a stop loss just above the 2906.55 wick high.
5. First target: Recent lows near 2881 for a 1:2 risk-to-reward ratio (RRR).
6. If price breaks below the daily low, we could see further downside continuation.
Final Thoughts
This setup is in play, and we are watching how price reacts at key levels. If the market confirms our bias, this could be a solid high-probability short trade.
🔥 If you found this breakdown valuable, don’t forget to:
✅ Like & Subscribe for more trade ideas
✅ Boost the post to help the community
✅ Share with a fellow trader
Let’s catch these pips! See you in the next breakdown. Boom! 🚀💰
EURUSD About to turn bearish again on Double StructureThe EURUSD pair has been on a Bullish Leg since the February 09 Low and is approaching the January 27 High, which is its technical Resistance level. Technically, every such test has been rejected down to at least the 0.786 Fibonacci level but since we might be within a Channel Up, it is possible to see one last push to complete a +2.68% rise from the February 09 Low.
The 0.786 Fib then will fall below the Channel Up so to account for that technical miss of support, our Target will be the 0.618 Fibonacci level at 1.03125.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
EURSEK at Key Support Zone: Bullish Rebound ExpectedOANDA:EURSEK has reached a significant support zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key demand zone, indicating the potential for a pullback if buyers regain control.
The current market structure suggests that if the price confirms a rejection from this support zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 11.33450 level, which represents a logical target within the current market structure.
This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
GBPNZD: Intraday Bullish Confirmation 🇬🇧🇳🇿
A price action on GBPNZD shows 2 strong bullish confirmation
on an hourly time frame.
I see an inverted cup & handle pattern and a breakout of a resistance line
of a falling channel.
Chances will be high that the price will go up.
Goal - 2.2
❤️Please, support my work with like, thank you!❤️
XAU/USD : Bull or Bear? Let's See! (READ THE CAPTION)By analyzing the 30-minute gold chart, we can see that, as expected, gold resumed its bullish momentum, successfully hitting the $2,923 and $2,929 targets with ease, and even extending its rally to $2,940.
With this move, gold filled the Fair Value Gap (FVG) mentioned in the previous analysis and reached its bearish order block.
Currently, gold is trading around $2,927, and the next move will depend on price stability:
• If gold holds above $2,929 for the next 4 hours, we could see another bullish push.
• If gold fails to hold above this key level, we might see a pullback towards $2,923 as the first corrective target.
Stay tuned for further updates!
#AUDUSD 4HAUDUSD (4H Timeframe) Analysis
Market Structure:
The price is forming an expanding pattern, indicating increased volatility and uncertainty in market direction. Additionally, a sell engulfing candlestick has appeared, suggesting strong bearish momentum and potential downside movement.
Forecast:
A sell opportunity is anticipated as the expanding pattern, combined with the sell engulfing area, signals increased selling pressure.
Key Levels to Watch:
- Entry Zone: A sell position can be considered near the recent resistance area where the sell engulfing pattern has formed.
- Risk Management:
- Stop Loss: Placed above the recent swing high to manage risk.
- Take Profit: Target lower support levels for potential downside movement.
Market Sentiment:
The formation of an expanding pattern with a sell engulfing candlestick suggests that bearish pressure is increasing. Monitoring price action and confirmation signals before entry will help align with the prevailing trend.
ETHUSDT 4HETHUSDT (4H Timeframe) Analysis
Market Structure:
The price is consolidating within a symmetrical triangle pattern, indicating a phase of indecision in the market. This formation suggests that the price is preparing for a breakout, but the direction is uncertain until a confirmed move occurs.
Forecast:
A breakout in either direction will determine the next potential trend. Traders should wait for a clear breakout with volume confirmation before entering a trade.
Key Levels to Watch:
- Entry Zone: A breakout above the resistance trendline may indicate a buying opportunity, while a breakdown below the support trendline could signal a selling opportunity.
- Risk Management:
- Stop Loss: Placed beyond the breakout level to minimize risk.
- Take Profit: Target key resistance or support levels, depending on the breakout direction.
Market Sentiment:
A symmetrical triangle reflects market consolidation, and a breakout will confirm the next move. Waiting for confirmation helps avoid false breakouts and aligns trades with the prevailing momentum.
#EURGBP 4HEURGBP (4H Timeframe) Analysis
Market Structure:
The price is currently forming a symmetrical triangle pattern, indicating market consolidation and reduced volatility. This pattern suggests that the price is preparing for a breakout, but the direction remains uncertain. A breakout on either side will provide further clarity on the next potential move.
Forecast:
Traders should wait for a confirmed breakout in either direction before entering a position.
Key Levels to Watch:
- Entry Zone: A breakout above the resistance trendline may signal a buy opportunity, while a breakdown below the support trendline may indicate a sell opportunity.
- Risk Management:
- Stop Loss: Placed beyond the breakout level to manage risk.
- Take Profit: Target the next key support or resistance levels, depending on the breakout direction.
Market Sentiment:
A symmetrical triangle represents market indecision, and a breakout in either direction will determine the next trend. Waiting for confirmation ensures alignment with the prevailing market movement.
GBPUSDHello Traders! 👋
What are your thoughts on GBPUSD?
The price has successfully broken its downward trendline and, after a successful pullback, has also broken through a key resistance level to the upside.
Currently, the price is consolidating above the broken resistance, which indicates strong buyer momentum and a potential continuation of the uptrend.
Given the current market structure, the price is likely to experience a minor pullback and consolidation before continuing its upward movement.
Don’t forget to like and share your thoughts in the comments! ❤️
Hellena | EUR/USD (4H): LONG resistance area 1.05281 (Wave 3).Colleagues, price has traveled a long distance and this could mean that price is moving in impulse. This means that the price is in wave “1” and now a correction is expected in wave ‘2’ (50% Fibonacci level 1.03264) and then I expect the upward movement to continue in wave “3” which will reach the resistance area 1.05281.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
USDSGD at Key Support Zone: Bullish Rebound ExpectedOANDA:USDSGD has reached a significant support zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key demand zone, indicating the potential for a pullback if buyers regain control.
The current market structure suggests that if the price confirms a rejection from this support zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 1.34820 level, which represents a logical target within the current market structure.
This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
#GBPUSD 1DAYGBPUSD (1D Timeframe) Analysis
Market Structure:
The price has broken above the downtrend resistance, indicating a potential shift from bearish to bullish momentum. This breakout suggests that buyers are gaining control, but further confirmation is needed before entering a position.
Forecast:
A buy opportunity may arise after a retest of the broken resistance level, which could now act as support.
Key Levels to Watch:
- Entry Zone: Wait for a retest of the breakout level and confirmation of support before considering a buy position.
- Risk Management:
- Stop Loss: Placed below the retest level or recent swing low to manage risk.
- Take Profit: Target higher resistance levels or key areas for potential upside movement.
Market Sentiment:
The breakout above the downtrend resistance is a sign of potential bullish movement, but patience is needed to ensure the price holds above the retested level before entering a trade.