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EURUSD: Weak Market & Bearish Continuation Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURUSD pair which is likely to be pushed down by the bears so we will sell! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️Please, support our work with like & comment!❤️
Short
by UnitedSignals
1
GBP-AUD Double Top Pattern! Sell! Hello,Traders! GBP-AUD made a retest Of the horizontal resistance Level of 2.0820, then Established a double-top Pattern and is now going Down so we are locally Bearish biased which Means that we will be Expecting a further Bearish move down Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
2
EUR/USD is Loading a Breakout?!EUR/USD has posted an interesting bullish reaction following a controlled descent within a descending channel. After a brief break below a long-term ascending trendline, price established support within a clear demand zone between 1.1130 and 1.1170, closing the daily candle back above the key area. This structure suggests a possible phase of accumulation, especially given the presence of a strong lower wick and the defense of the highlighted yellow zone. Still, the pair remains within the descending channel, and the squeeze between the trendline and resistance at 1.1280 could become a decision zone. A daily close above 1.1280 would support bullish continuation and open the way to 1.1450. 🧠 Institutional Positioning (COT): Large speculators continue to favor the long side on the euro, with a noticeable increase in net long exposure. This confirms the accumulation narrative visible on the chart. Meanwhile, the USD shows a consistent decline in bullish positioning, adding weight to the case for a softer dollar — supportive of a potential EUR breakout. 📊 Retail Sentiment: Retail traders are slightly skewed to the short side (52% short), which is not extreme but does act as a contrarian input favoring bullish continuation — especially if the price breaks above dynamic resistance. 📅 Seasonality (May): Historically, May tends to be a weak-to-neutral month for EUR/USD over the 10–20Y horizon. However, recent years (last 2Y) show a bullish deviation from that trend, supporting the idea that any dips could offer opportunity rather than signal trend reversals. 🧭 Summary 📈 Directional Bias: Moderately Bullish ❌ Invalidation: Daily close below 1.1130 🎯 Target Levels: • Key Resistance: 1.1280 • Extension Zone: 1.1450 🧠 Key Takeaway: EUR/USD is showing early signs of bullish reversal within a still-constrained technical structure. Demand rejection, institutional long bias, and retail short pressure all align for a potential continuation higher. However, a confirmed breakout above 1.1280 is crucial to validate the scenario.
Long
by EdgeTradingJourney
7