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Falling towards overlap support?GBP/USD is falling towards the support level which is an overlap support that is slightly below the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2370 Why we like it: There is an overlap support level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.2298 Why we like it: There is a pullback support level that line sup with the 61.8% Fibonacci retracement. Take profit: 1.2501 Why we like it: There is a pullback resistance. 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
Bullish bounce?EUR/USD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.0354 Why we like it: There is an overlap support level that aligns with the 50% Fibonacci retracement. Stop loss: 1.0305 Why we like it: There is a pullback support level that is slightly below the 61.8% Fibonacci retracement. Take profit: 1.0458 Why we like it: There is an overlap 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
This is HUGE!! TOTAL BREAKOUTOOOOOOOOi Mikey. Get your ass into gear. It's been rough but hear me out. Perfect retest on the daily. Breakout wedge and solid retest on the trendline. Respecting the 50% Fib pull back. Healthy rejection candles. Three-day tight consolidation candles with volatility breakout forming cup & handle and further reclaiming the upper 50% of price action. Currently we are seeing a healthy rejection at 3.56T. And I haven't even started on the indicators. MACD lining up to be a beaut. Cumulative volume delta going strong. RSI just about breach 80 & MA directing to the heavens. Bollinger Band Width (volatility) just about to cross the 50 mark. Volume returning. I could keep going. How much more confirmation do we need. GAME PLAN: Wait for the cup & handle to play out. Either seeing an acceptance or rejection of pattern. I'm somewhat expecting a bounce on the 50% (3.34.T) and sweeping atleast half of the previous liquidation wick (3.31T). Keep an eye on volume, looking to push past 270B.
CRYPTOCAP:TOTAL
by postmandan79
USDCAD SHORT incomingUSDCAD looks to be setting up for a nice short, its not quite ready yet and needs to break this small consolidation range and then fail at around 1.46 which has a major resistance zone. The idea has a number of confluence points with the DXY looking top heavy and too coinciding movement hitting a major resistance above 110 at 113. NFP news was good for the dollar which we saw it pump. More fundamentals in the near future will determine the WHEN for this move to start. Technically we are poised for the reversal with a target of 1.39, a support area and 0.618 fib zone. Currently we are trading at the high end of the trend with the RSI stating overbought territory. This may not play out next week and may take another couple of weeks. Forth coming events are USD - inflation rate data and CPI. Do you own analysis and please let me know your thoughts.
Short
by PLaceUrBetsPlease
Possible Gold outlook🚀 **GOLD ANALYSIS - ATH LEVELS IN PLAY!** 🚀 Anything can happen at **All-Time Highs (ATH),** so here’s my plan: 📉 **If Gold fails to hold above 2800**, I’m expecting a bearish correction down to **2785**. There will be some bounces along the way, which I’ve mapped out. ⚡ **Two key possibilities:** 1️⃣ **Liquidity Grab & Push Higher** – A drop to take out buyers before a bullish continuation. If price drops, reclaims **2785**, and breaks through, I’ll resume a bullish outlook. 2️⃣ **Deeper Correction** – If the retest fails, I expect a further drop to **2772**, where I’ll wait for confirmation. Looking at the bigger picture, this move resembles the last ATH cycle! 📊 🔥 What’s your take? Are we holding or correcting? Drop your **comments, ideas, and feedback** below! Let’s keep the analysis sharp & constructive! 👇💬 #GoldAnalysis #XAUUSD #ForexTrading
OANDA:XAUUSDShort
by PassivePips
BTC - 4H Elliott Wave AnalysisGreetings, here is our 4H Elliott Wave Count for Bitcoin. We briefly touched the 0.5 FIB at 97680 USD of our white Wave 2 support area. It is unclear yet if the low is in but we technically can count a five wave move up on the lower timeframes. If the low is in we expect an impulse to the upside in a five wave move displayed in green here. The green Wave 1 seems to be in and we are working or finished the green Wave 2. The green Wave 2 support sits between the 0.5 FIB at 100743.2 USD and the 0.786 FIB at 98996.5 USD. After green Wave 2 is in we expect a green Wave 3 which could take us close to the ATH. It is possible that we get one more dip into the white Wave 2 support area before moving to the upside. But that wouldn't be a big issue as we still got some room. The white Wave 2 support sits between the 0.5 FIB at 97682.3 USD and the 0.786 FIB at 92667.2 USD. Additionally we put the next or optimal target for the orange Wave Y on the chart which sits at the 1 to 1 FIB at 95594.1 USD. Noteworthy is that the 1 to 1 FIB at 95594.1 USD of the orange Wave Y sit right on 0.618 FIB at 95613.1 USD of the white Wave 2 support. But technically we reached the minimum target for a orange Wave Y already at the 0.618 FIB at 99377.0 USD. A break of the 0.786 FIB at 98996.5 USD of the green Wave 2 support area is the first indication that we will reset white Wave 2 lower. Additionally we added some price targets to the upside which could function as resistances. These sit at the 1.236 FIB at 112958.8 USD, the 1.382 FIB at 115760.8 USD and the 1.618 FIB at 120391.7 USD. Be aware that we have high impact news later today. Federal Funds Rate followed by the FOMC statement which can lead to volatility. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
SOL - Struggling against BTCSol has showed some relative weakness against BTC. Most charts look the same and BTC has cleared the upper trendlines as new support while SOL has not. These two orange trendlines I have drawn for SOL are very important for the mid term. (I have put white circles around the touchpoints of these trendlines). Right now SOL is respecting its resistance trendline and still selling off. If we are to see a breakout above this trendline, we are likely to see a push to our upper trendline around $270. We should expect for the trendline to act as old support flipped into new resistance (at least for the short term) and will update this prediction as the market develops.
by VIAQUANT
XAGMain Scenario After liquidity is taken out above the previous day's high, I anticipate a short-term retracement of the asset to the Point of Interest (POI) around 30.04. This will be the key zone for opening a long position. Trade Parameters Entry Point: 30.04 Position Size: 5% of the deposit Stop-Loss: 29.59 Targets: First Target: 30.43 — once reached, the trade will be moved to breakeven. Second Target: 30.81 — 50% of the position will be closed here. Final Target: 31.10 — this level is based on the imbalance zone. Rationale Liquidity Grab: A false breakout above the previous day's high is expected, leading to a short-term correction. Buyer Interest: The 30.04 level represents a key demand zone where bullish momentum is likely to strengthen. Imbalance Zone: The 31.10 level is the ultimate target as it acts as an area of imbalance where larger participants are likely to take profits. Position Management Once the 30.43 level is reached, the trade will be moved to breakeven to minimize risks. At 30.81, 50% of the position volume will be secured to lock in profits and reduce overall exposure.
OANDA:XAGUSDLong
by TraderNo007_