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Pivot Points

GBP/JPY Breakdown Bears Take Control After Trend ReversalThis chart represents the British Pound to Japanese Yen currency pair on the two-hour timeframe. A clear breakdown from a previously established uptrend structure has triggered a short position. The trade setup is based on price action breaking below a key support level, confirming a shift in market sentiment toward bearish momentum. The short entry was taken after the price broke below the ascending trendline and retested the level as resistance. The stop-loss is positioned above the recent high to mitigate risks in case of an invalidation. The take-profit target is set near 188.311, aligning with a key demand zone and a possible area of price reaction. The trade exhibits a strong risk-to-reward ratio, ensuring a balanced approach to downside potential. With momentum favoring sellers, this setup remains valid as long as the price sustains below the broken support level. A clean follow-through to the downside would confirm further selling pressure.
Short
by wolfchemist
SOL - 4H Elliott Wave AnalysisGreetings, this is our update for the 4H Elliott Wave Count of Solana. We dipped into our white Wave 2 support area as expected in our last Analysis. We are looking for an impulsive bounce soon. The white Wave 2 support area sits between the 0.5 FIB at 232.35 USD and the 0.886 FIB at 183.35 USD. It is unclear if the correction is over yet as we can only count 3 waves down displayed in green. We assume we are currently working on the 5th green Wave down which would finish the correction in pink Wave C. We added some targets for the green Wave 5. These targets sit at the 1 to 1 FIB at 220.15 USD, the 1.618 FIB at 205.41 USD, the 0.618 FIB at 213.54 USD and the 0.786 FIB at 205.26 USD. After this correction finishes in either white Wave 2 or red Wave B we expect and impulsive move to the upside in either white Wave 3 or red Wave C. Noteworthy is that the optimal target for pink Wave C sits at the 1 to 1 FIB at 203.79 USD which is in confluence with the the 1.618 FIB at 205.41 USD and the 0.786 FIB at 205.26 USD of the green Wave 5 that we expect. 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
1
CADCHF - 26 Jan 2025 SetupCADCHF Market structure are now creating first bearish run on H1 timeframe. and theres a chance to take a sell on spotted supply area today. ussually i used half risk for this kind of setups because its still bullish on higher timeframe like H2-H4. Entry Position : Short Profit Target : 1:3 Shown on the chart image (Green Line) Stop Loss : Slightly above supply area (Red Line) Follow me if u guys making any gains from this idea. Thanks Coffee Trade Team
by CoffeeTrade_Official
GBPJPY - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: While the price is below the resistance 199.790, resumption of downtrend is expected. We make sure when the support at 182.782 breaks. If the resistance at 199.790 is broken, the short-term forecast -resumption of downtrend- will be invalid. Technical analysis: The descending flag taking shape suggests we will soon see another leg lower. A peak is formed in daily chart at 198.945 on 12/30/2024, so more losses to support(s) 191.884, 189.477, 186.231 and minimum to Major Support (182.782) is expected. Take Profits: 196.006 193.510 191.884 189.477 186.231 182.782 178.409 Total Profit: 3204 pip Closed trade(s): 1584 pip Profit Open trade(s): 1620 pip Profit Trade Setup: We opened 8 SELL trades @ 196.68 based on 'Peak' entry method at 2024-12-30, signaled by DTO. Closed Profit: TP1 @ 196.006 touched at 2024-12-31 with 67 pip Profit. TP2 @ 193.510 touched at 2025-01-09 with 317 pip Profit. TP3 @ 191.884 touched at 2025-01-13 with 480 pip Profit. TP4 @ 189.477 touched at 2025-01-17 with 720 pip Profit. 67 + 317 + 480 + 720 = 1584 pip Open Profit: Profit for one SELL trade is 196.68(open price) - 192.632(current price) = 405 pip 4 trade(s) still open, therefore total profit for open trade(s) is 405 x 4 = 1620 pip __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Short
by ForecastCity
12
GOLD ANALYSIShi guys If you look carefully, there is a liquidity line right next to our OB, which means that the price is MOST likely (90%) to react to the area. Considering that the general structure of the market is bullish,A bearish position is high risk, that's why I am waiting for the confirmation of the fall, which in fact is a CHOH that i show in chart. this is just a analyse and The final decision of the position is yours and find entry points according to your own strategy
OANDA:XAUUSD
by hoseinrafiee
1
USDCAD - Where will the Canadian dollar go?!The USDCAD pair is above the EMA200 and EMA50 on the 4-hour timeframe and is moving in a range. As long as the pair is in this range, the best thing to do is to sell at the top and buy at the bottom. A break of this range to the top or bottom will allow us to continue its rise and fall. The Bank of Canada has announced its decision to lower the policy interest rate to 3% after six consecutive reductions. Additionally, it confirmed the end of quantitative tightening (QT) and the gradual resumption of asset purchases starting in March. These measures reflect the central bank’s effort to stabilize the economy and support sustainable growth. The Bank of Canada emphasized three key points: • Inflation has approached the 2% target. After a period of high volatility, inflation expectations have moderated, and price pressures—except in the housing sector—have eased. • Lower interest rates have increased household spending power and gradually boosted economic activity, particularly in the housing sector and durable goods purchases such as automobiles. • New U.S. trade policies remain a significant risk to Canada’s economy. Any escalation in trade tensions could negatively impact economic growth. One of the first sectors to benefit from the rate cut is the housing market.Lower borrowing costs are expected to attract new buyers; however, the central bank anticipates a more balanced increase in housing prices over time. The recent slowdown in construction activity and declining rental prices indicate that investment appeal in this sector has somewhat diminished. For investors and entrepreneurs, the lower interest rates present an opportunity to secure cheaper financing and expand their businesses. Sectors such as startups, technology, and export-driven manufacturing are expected to gain the most from this policy. With inflation stabilizing around 2% and the economy recovering, the Bank of Canada sees no immediate need for further rate cuts. However, potential economic disruptions from U.S. trade policies could alter this outlook. Reports suggest that if U.S. President Donald Trump proceeds with a proposed 25% tariff on Canadian imports, the Canadian government plans to implement financial aid measures similar to those used during the COVID-19 pandemic. However, these programs require parliamentary approval, and given that the Liberal government lacks a parliamentary majority, there is no guarantee they will pass. All opposition parties have expressed their intent to oust the current government, meaning any economic stimulus package would require support from the New Democratic Party (NDP). The NDP has backed the Liberal government over the past three years. The Canadian Parliament is currently adjourned until March 24, allowing the Liberal Party to select a new leader to replace Justin Trudeau, with Mark Carney as a likely successor. However, an early leadership decision may occur before the scheduled date. Tiff Macklem, Governor of the Bank of Canada, stated that household debt is not a sustainable driver of consumption growth. He expressed greater concern about declining business investment due to tariff threats, arguing that such policies could have a more significant impact on the Canadian dollar than interest rate differentials. He also reaffirmed that the Bank of Canada believes inflation has been successfully contained. The central bank aims to ensure that any CPI increases resulting from tariffs remain temporary and that the consequences of trade policies are managed to minimize sudden economic disruptions.
by Ali_PSND
BNB 15min resistance under attack?The Highest Volume Bar (HVB) in the 15min chart was printed 112 periods ago. The graph shows the working boxes from we can see the most extreme points detailed in the price bar using white (around 720 and 640). The lines and represent the expected liquidation levels for positions placed at HVB. The green lines represent the 20x levels for both sides. According to the highlighted prices the accumulation range extends from 665 to 611 approx. At the same time, the distribution range is located between 692 & 747. I can see how the price went below the first liquidation level (100x) at 665. From there, the current movement is getting trouble to breakup the HVB line, which I'm guessing might act as a resistance. Let us think about a rejection from there could drive the price to the next liquidation level to visit around 652. Using higher timeframes and the levels highlights here traders might be able to determine possible trades or pivot points. This is what I have in mind...
Short
by Dantawe
NVDA | Trade PlanPrice was successfully bouncing off of EMA support until now I drew out the major pathways of pivot for a better understanding of what price will most likely do next As we analyze these pivots you'll notice that buyer become weaker in each wave giving sellers the opportunity for deeper corrections The last wave (3) had a correction so deep that it basically used the top of wave 2 for support (SnR) Seeing this will give us the idea that sellers will most likely look to head back to that major pivot as wave 4 barley made a Higher High creating divergence, and has already broke below the high of the last wave The next steps I would like to see price action inch its way up to somewhat fill the gap above to only see further selling towards $100 - $97 area. Note: This is a price action/wave analysis, the purpose of doing this is to have another perspective without having to rely on a chart pattern When we look at it this way we can have a better anticipation on what buyers are going to do next.
NASDAQ:NVDAShort
by Nathanl19
XAU/USD: Potential Reaction at Supply Zone*On the 4H timeframe, XAU/USD has shown a clear CHoCH (Change of Character), with the previous Higher Low (HL) being broken, taking out Buy-Side Liquidity near the highs. Price is now trading within a supply zone, aligning with bearish order flow. On the 30M timeframe (see chart): • A CHoCH has been identified within the supply area, signaling a potential shift in direction. • Price looking to clear the inducement (IDM) before tapping into the zone, strengthening the likelihood of a sell-off. • I’m anticipating a reaction and continuation to the downside, targeting lower liquidity levels around $2,730.500. Key Points: • Bearish Bias from the 4H Supply Zone. • Liquidity grab + CHoCH on the 30M confirms bearish intent. • Targeting the lows near $2,730.500 for a high-probability trade setup. Trade Idea: Wait for confirmation within the 30M supply zone (e.g., a lower timeframe entry such as a CHoCH or breaker structure). Maintain discipline and proper risk management. What do you think about this setup? Drop your thoughts below! Bless Trading!
OANDA:XAUUSDShort
by Juicemannn
Rice Production Record: Impact of Higher Yields in the U.S.United States Department of Agriculture (USDA) has also highlighted a significant development in rice production. The U.S. achieved record-high yields for rice, with substantial implications for both domestic and global markets. Lets take a closer look at these record-breaking yields, their impact on supply dynamics, and how changes in demand from key importers like China and Bangladesh are shaping the future of the rice market. Record High Yields and Increased Production According to the WASDE report, the all-rice average yield for the U.S. reached an unprecedented 7,748 pounds per acre, up from 7,641 pounds per acre in the previous year. This increase is largely attributed to a remarkable long-grain yield, which significantly surpassed earlier expectations. Total U.S. rice production was estimated at 222.1 million cwt (hundredweight), marking a notable rise from the prior estimate of 219.8 million cwt. The report also provides a breakdown by state, indicating that Texas and Missouri saw some of the most significant increases in production. These higher yields have not only bolstered national production figures but also contributed to a more robust domestic supply chain. The U.S. now projects total rice supplies at 308.5 million cwt, reflecting increased production, imports, and beginning stocks. Domestic Use and Export Trends With this surge in production, domestic use of rice has also seen a boost. The USDA's estimates suggest that domestic and residual use of rice has increased by 6 million cwt to reach 165 million cwt. However, exports remain unchanged at 100 million cwt, reflecting stability despite the higher production levels. Despite the unchanged export numbers, it is crucial to consider the distribution of rice types. Long-grain rice prices have experienced slight downward pressure due to increased availability, dropping $0.20 per cwt to $14.30. Conversely, medium- and short-grain rice prices have risen $0.30 per cwt to $14.80, influenced by tighter supplies and strong demand. Global Implications The U.S. plays a pivotal role in the global rice trade, and these record yields are likely to have far-reaching effects. While global rice consumption has decreased marginally by 0.1 million tons to 530.2 million tons, the U.S.'s contribution to global supply remains significant. Key rice exporters such as India, Thailand, and Vietnam may face competition from the U.S., potentially influencing global prices and trade patterns. China and Bangladesh, two major importers of rice, have shown signs of adjusting their procurement strategies. China's reduced production estimate has led to a slight uptick in its reliance on imports, while Bangladesh's lower consumption forecasts could ease demand pressures. These shifts highlight the dynamic nature of the global rice market and underscore the importance of adaptability among producers and traders. Price Dynamics and Market Outlook The price trends for different rice varieties provide valuable insights into market conditions. For instance, the all-rice season-average farm price remained stable at $15.60 per cwt. This stability masks underlying movements within specific categories, where long-grain prices have dipped slightly while medium- and short-grain prices have risen. Investors and traders should monitor these price fluctuations closely, as they can signal broader market trends. The milling industry is also witnessing changes, with an increased emphasis on efficiency and quality. The average milling yield stands at 70%, underscoring the need for continuous improvement in processing techniques. Conclusion The record rice yields in the U.S. represent a milestone in agricultural productivity, offering a buffer against global supply uncertainties. As we move forward, the focus must remain on sustaining these high yields through advanced farming practices and technology. Investors in the agricultural sector should pay close attention to these developments, as they hold the potential to reshape market dynamics and influence investment strategies. By leveraging the data from the WASDE report, stakeholders can better anticipate market movements and make informed decisions. The interplay between domestic production, international trade, and consumer demand presents a complex, yet fascinating landscape for those, who engaged in the rice market. Understanding these nuances is essential for navigating the evolving agricultural economy successfully. For detailed tables and further insights, readers are encouraged to visit the USDA’s official website or access the comprehensive database available online. With continued monitoring and analysis, the rice market promises both challenges and opportunities in the coming years. CBOT:ZR1!
CBOT:ZR1!
by juliakhandoshko
Learn Supply and Demand Basics in Gold XAAUSD Trading In this article, we will discuss the basic principles of Smart Money Concepts in Gold trading. I will explain to you how Gold price relates to supply and demand on the market. What is a fair value and how to identify it. We will discuss a relation between a fair value and supply and demand and why is it so important to learn to recognize the imbalance. Gold Price First, let's briefly discuss how the price of Gold is valued . Gold price is determined by the basic economic principles of supply and demand. Supply is defined by the actions of the sellers and selling volumes. While a demand is defined by the activity of buyers and the volumes they wish to purchase. When supply exceeds demand, it leads to a decline in prices. Increased selling pressure leads to lower prices as sellers compete to attract buyers. Above, you can see how the excess of demand pushes Gold prices up rapidly. When demand exceeds supply, we see an increase in the price of the financial asset. In the example above, you can see how the excess of supply leads to a depreciation of a Gold price. Imbalance & Fair Value The excess of supply or demand on the market is also called an imbalance in Smart Money Concept trading SMC. The imbalance causes strong bullish or bearish movement on the market. However, such moves do not last forever. At some moment, reaching a particular price level, the market will stop growing or falling, and the market will find the equilibrium in supply and demand. Such an equilibrium is also called a fair value in SMC trading. On the chart above, Gold was growing rapidly. After reaching some price level, the growth stopped and the market found a fair value. Supply finally absorbed the excess of demand. Sideways Movement & Range When the market finds a fair value, it usually starts trading in sideways . The sideways movement forms a horizontal range - a horizontal parallel channel. Such ranges signify that the market participants agree about a current price of an asset. Above, you can see that after a strong up movement, Gold found a fair value and a consolidation within a horizontal range started. Fair Value Range When you spotted the range, you should remember that the market may stay within that for a very long period of time. The trigger that will make the market reassess the fair value is typically a some important fundamental factor, the surprising geopolitical or economic event that will create a new imbalance on the market. A strong signal that the market strives to find a new fair value is the breakout of one of the boundaries of the range. It is a signal of a violation of a current fair value. You can see that Gold found a fair value and was stuck for quite a long period within a wide horizontal range. Then, because of the release of significant US fundamental news, an imbalance occurred. Fair value range was violated, and the price found a new fair value higher. Trading Tips When the imbalance on the market occurs and it violates the fair value, the price tends to find a new fair value around significant liquidity zones. That is why it is so critical to pay attention to them. Also, the laws of supply and demand, imbalance and fair value work on any time frame and can be applied for any trading style. Learn to perceive a price chart from a Supply and Demand perspective in order to master Smart Money Concept trading strategy. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
19
BTC - 1D Elliott Wave AnalysisGreetings, here is an update on my 1D Elliott Wave count for BTC. It seems as we have topped in blue Wave 3 at around 108k USD and are working on the correction towards the blue Wave 4 support in and ABC. The blue Wave 4 support lies between the 0.236 FIB at 90942 USD and the 0.618 FIB at 68476 USD. The red Wave B could be in but it seems we are still working on it. After we finish the blue Wave 4 we are going to look for a rally in blue Wave 5 which could be the bull market top. Targets for blue Wave 5 are the 1.236 FIB at 115949 USD, the 1.38 FIB at 128222 USD and the 1.618 FIB at 151421 USD. After we finished blue Wave 4 we can calculate further targets for the blue Wave 4. We also think that the 1.236 FIB at 115949 USD target would be rather shallow for a bull market top and it unlikely but not impossible. Thanks for reading. NO FINANCIAL ADVICE.
by KanashimiBro
$UVXY above $30, brings $60+CBOE:UVXY has two big hurdles it needs to make it over before it can see higher prices. 1. It needs to get over the 200DMA (light blue line) 2. It needs to get over $30 As you can see, price has been consolidating in a channel since the August spike and IMO is almost ready for a big move. I think this move will likely take place the second half of February and potentially into March. I'll be looking at buying call options for 3/7 expiration, or 3/21 is even safer. I think the move is likely to hit the $71 level on the chart, and could potentially go as high as the top resistance (however I don't see that as very likely). To me, most probable target is $78-82 right below the trend line. Let's see how it plays out.
CBOE:UVXYLong
by benjihyam
24