EUR/USD - Channel Breakout (02.05.2025) FX:EURUSD The EUR/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 1.1387
2nd Resistance – 1.1430
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
TVC:DXY
Best Regards, KABHI_TA_TRADING
Thank you.
USD (US Dollar)
DXY (US Dollar Index) – Bullish Setup📊 DXY (US Dollar Index) – Bullish Setup from FVG & Trendline Confluence
Price tapped into a well-defined Fair Value Gap (FVG UP) aligning with bullish trendline support. I'm anticipating a small retracement toward the 99.88–99.81 area before continuation upward.
📍 Entry Zone: 99.88 – 99.81 (FVG + Trendline)
🛑 Stop Loss: 99.71
🎯 Target (TP): 100.32
📐 RR: Approx. 1:3
Confluences:
Bullish market structure
FVG filled & respected
Ascending trendline support
Liquidity taken below previous lows
🔔 Watching for bullish reaction after the minor pullback for confirmation.
De-Dollarization Debunked: Why BRICS Can’t Dethrone the USD!The Dollar’s Throne—Shaky or Rock-Solid?
Picture this: a gang of economic rebels—Brazil, Russia, India, China, South Africa, and their new BRICS+ pals—plotting to topple King Dollar from its global throne. The headlines scream “De-Dollarization!” as if the U.S. dollar is about to be dethroned by a shiny new BRICS currency, backed by gold, blockchain, or sheer ambition. Sounds like a blockbuster, right? Except, here’s the twist: the dollar’s throne isn’t just solid—it’s practically welded to the global economy. So, why does the BRICS crew think they can pull off this heist? And why are they doomed to trip over their own ambitions? Buckle up for a 5,000-word joyride through the wild world of global finance, where the dollar reigns supreme, BRICS dreams big, and the numbers tell a story funnier than a sitcom.
Act 1: The Dollar’s Superpower—Why It’s Still King
Let’s start with a jaw-dropping stat: the U.S. dollar accounts for 88% of international transactions through the SWIFT system and 59% of global central bank reserves as of 2024. That’s not just dominance; it’s the financial equivalent of the dollar flexing its biceps while other currencies watch from the sidelines. The euro? A distant second at 20% of reserves. China’s yuan? A measly 2.3%. The dollar’s grip is so tight, it’s practically giving the global economy a bear hug.
Why does the dollar rule? It’s not just because Uncle Sam prints greenbacks like they’re going out of style (though the U.S. debt is a whopping $34 trillion in 2025). The dollar’s superpower lies in trust, liquidity, and infrastructure. The U.S. has deep, liquid financial markets, a stable (ish) legal system, and no capital controls—things no BRICS nation can match. Want to trade oil? Dollars. Settle a cross-border deal? Dollars. Hide your cash from your dictator boss? You guessed it—dollars. The greenback is the world’s financial comfort food, and everyone’s got a craving.
But here’s where it gets juicy: BRICS thinks they can crash this party. At the 2024 Kazan Summit, Russia’s Vladimir Putin called the dollar a “weapon,” while China’s Xi Jinping pushed for a BRICS “Unit” currency. Sounds spicy, but let’s unpack why this plan is less Ocean’s Eleven and more Three Stooges.
Act 2: BRICS’ Big Dream—And Bigger Problems
The BRICS Fantasy: A Currency to Rule Them All
BRICS (Brazil, Russia, India, China, South Africa, plus newbies like Iran, Saudi Arabia, and the UAE) wants to ditch the dollar for a new currency or a basket of their own—maybe even a gold-backed “Unit.” The pitch? Reduce reliance on the dollar, dodge U.S. sanctions, and flex their collective muscle (they represent 28% of global GDP and 44% of crude oil production). In 2023, one-fifth of oil trades sidestepped the dollar, a shift driven by Russia and China settling in rubles and yuan. That’s a bold move, right?
Except, here’s the punchline: creating a BRICS currency is like herding cats while riding a unicycle and juggling flaming torches. Let’s break down why their dream is a logistical nightmare.
Problem #1: No Trust, No Party
BRICS nations don’t exactly exchange friendship bracelets. India and China? They’ve got border disputes so tense, their soldiers once threw rocks at each other. Russia and China might cozy up to dodge sanctions, but Brazil and India aren’t thrilled about Beijing calling the shots. A common currency needs trust—think the eurozone, where Germany and France (mostly) play nice. BRICS? It’s more like a reality show where everyone’s secretly voting each other off the island.
X posts sum it up: “BRICS replacing the dollar? Mutual distrust and weak legal systems will kill any shared currency initiative.” Without trust, no one’s pooling their reserves or agreeing on who controls the money printer.
Problem #2: The Yuan’s Not Ready for Prime Time
China’s yuan is the closest BRICS has to a dollar rival, but it’s got stage fright. Only 7% of foreign exchange trading involves the yuan, and China’s capital controls keep it on a tight leash. Want to invest your yuan globally? Good luck—Beijing’s not keen on letting cash flow freely. Morgan Stanley’s strategists put it bluntly: “China would need to relax control of its currency and open the capital account. That’s not happening soon.”
Plus, China’s economy isn’t exactly inspiring confidence. Consumer demand is sagging, and the property crisis is dragging on like a bad soap opera. The yuan’s share in global payments via SWIFT is up to 6.4% in 2024, but that’s still pocket change compared to the dollar’s dominance.
Problem #3: Oil’s Not Enough
BRICS+ produces 44% of global crude oil, so why not price it in their currencies? Saudi Arabia’s riyal is pegged to the dollar, and even their flirtation with yuan-based oil deals hasn’t gone far. Why? Oil is only 15% of global trade, and the dollar’s used for everything else—tech, cars, coffee, you name it. Even if BRICS prices oil in rubles or rupees, the rest of the world’s still paying for iPhones in dollars.
And here’s a kicker: at the 2024 BRICS Summit, Russia advised attendees to bring dollars and euros because local banks preferred them over rubles. Talk about an own goal
Act 3: The Dollar’s Kryptonite—Does It Exist?
Let’s play devil’s advocate. Could BRICS pull off a miracle? They’ve got some tricks up their sleeves: blockchain-based payment systems like BRICS Bridge, gold-backed reserves (BRICS+ holds 42% of global FX reserves), and a push for local currency trade. Russia and China already settle 95% of their trade in rubles and yuan. That’s not nothing.
But here’s the reality check: these moves are like bringing a water gun to a tank fight. The dollar’s dominance isn’t just about transactions; it’s about network effects. The greenback’s infrastructure—SWIFT, Wall Street, Treasury bonds—is a fortress. BRICS’ alternative, like the mBridge CBDC platform, is promising but embryonic. It connects China, Hong Kong, Thailand, the UAE, and Saudi Arabia, but it’s nowhere near replacing SWIFT’s global reach.
And gold? BRICS loves it—gold’s 10% of their reserves, half the global average—but it’s not a currency. You can’t pay for Netflix with gold bars, and central banks aren’t keen on lugging bullion around. The Atlantic Council’s 2024 “Dollar Dominance Monitor” says it best: “The dollar’s role as the primary global reserve currency is secure in the near and medium term.”
Act 4: Trump’s Tariffs and the De-Dollarization Drama
Enter Donald Trump, stage right, with a megaphone and a tariff hammer. In 2025, he’s threatening 100% tariffs on BRICS nations if they push de-dollarization. “Any BRICS state that mentions the destruction of the dollar will lose access to America’s markets,” he thundered. Sounds like a plan to keep the dollar king, right?
Wrong. Here’s the irony: Trump’s aggressive tactics might accelerate de-dollarization. Sanctions and tariffs make BRICS nations double down on alternatives. China’s been diversifying reserves and pushing yuan trade for years, partly because of U.S. pressure. As one analyst put it, “Trump’s threats are a rallying cry for BRICS to act.”
But don’t hold your breath. Tariffs hurt BRICS economies (China’s exports to the U.S. are 15% of its total), but they don’t solve BRICS’ internal chaos. India’s External Affairs Minister S. Jaishankar said it plainly: “India has never been for de-dollarization.” Brazil’s also lukewarm, fearing a China-dominated BRICS. Without unity, their currency dreams are just hot air.
Act 5: The Numbers Don’t Lie—Dollar’s Here to Stay
Let’s crunch some numbers to seal the deal:
SWIFT Transactions: Dollar: 88%. Euro: 20%. Yuan: 7%.
Global Reserves: Dollar: 59%. Euro: 20%. Yuan: 2.3%.
Oil Trade: 80% in dollars in 2023, down from 100%.
Global Trade: 50% dollar-denominated.
BRICS GDP: $28.5 trillion (28% of global). U.S.: $25.5 trillion (24%).
The dollar’s share is slipping—reserves dropped from 72% post-WWII to 59%—but it’s still laps ahead. BRICS’ push for local currencies is gaining traction (Russia-China trade is 80% non-dollar), but scaling that globally is a pipe dream. The euro flopped as a dollar rival; the yuan’s too controlled; and a BRICS “Unit”? It’s a concept, not a currency.
Act 6: Thought-Provoking Twist—What If BRICS Succeeds?
Let’s indulge in a wild “what if.” Imagine BRICS pulls it off: a gold-backed Unit currency, blockchain payments, and oil priced in yuan. The dollar crashes, inflation spikes, and Americans pay $10 for a coffee. Scary, right? Former White House economist Joe Sullivan warned BRICS could swing an “economic wrecking ball” at the dollar.
But here’s the catch: a BRICS win hurts BRICS too. Their economies rely on dollar-based trade—China holds $3 trillion in U.S. Treasury bonds. A dollar collapse tanks their assets. Plus, who trusts a BRICS currency when China’s calling the shots? As Ray Dalio noted, de-dollarization is “financial risk management,” not a revolution. BRICS wants options, not chaos.
Act 7: The Funny Finale—BRICS’ Comedy of Errors
Picture BRICS at a poker table, bluffing with a bad hand. Russia’s got rubles nobody wants. China’s yuan is chained to Beijing’s whims. India’s like, “I’m just here for the snacks.” Brazil’s dreaming of free trade, and South Africa’s wondering why they RSVP’d. Meanwhile, the dollar’s dealing cards, smirking, “You sure you wanna bet against me?”
The de-dollarization saga is a comedy of errors—big talk, small results. BRICS’ heart is in it, but their heads are in the clouds. The dollar’s not perfect (hello, $34 trillion debt), but it’s the only game in town. As Morgan Stanley’s James Lord said, “When global markets fall, you want dollars.”
Epilogue: Keep Your Eyes on the Dollar
So, what’s the takeaway? De-dollarization is a catchy buzzword, but BRICS can’t dethrone the dollar anytime soon. The greenback’s too entrenched, BRICS too divided, and the world too hooked on dollar-based trade. Will BRICS chip away at the edges? Sure—expect more yuan trades and blockchain experiments. But a dollar-free world? That’s science fiction, not finance.
For traders, here’s a tip: watch DXY’s inverted head-and-shoulders pattern. A breakout above 100 could signal another dollar rally. For everyone else, laugh at the BRICS hype, stash some dollars under your mattress, and enjoy the show. The dollar’s throne isn’t going anywhere—yet.
Euro can continue to move up inside upward channelHello traders, I want share with you my opinion about Euro. Looking at this chart, we can observe how the price has been moving confidently within the boundaries of a well-formed upward channel. After an extended period of consolidation inside the buyer zone, the market began forming higher lows and eventually broke out with strong bullish momentum. That breakout was followed by a smooth trend-building phase, where each correction found support at higher levels, a clear signal of growing buyer interest. As the price moved higher, it respected both the support line and the support level at 1.0910, reinforcing the structure of the channel. When the market reached the support area, it consolidated for a while before launching another impulse up, confirming the breakout and creating a new higher support zone. Now, the market has pulled back into the support zone, which aligns with the 1.1285 current support level and the lower boundary of the channel. Given the strength of the overall trend, the clear structure of the upward channel, and the reaction from a key support zone, I expect the pair to continue moving higher toward TP1 at 1.1600 points. Please share this idea with your friends and click Boost 🚀
USDJPY: Bounce on the 17 month Support starting massive rally.USDJPY is neutral on its 1D technical outlook (RSI = 50.306, MACD = -0.870, ADX = 40.251) but is on a massive bounce on the S1 Zone, which has been holding since December 25th 2023. That Low last week also approached the 1W MA200. The LH trendline is the Resistance level of this pattern (Descending Triangle) and since the last one hit the 0.786 Fibonacci, we expect this one to hit the 0.618 Fib (TP = 153.500).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
EURO - Price can drop to support level and then start to move upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently, price started to decline inside falling channel, where it reached support line firslty and then bounced up.
Price grew to the resistance line of the channel, which coincided with $1.0950 level, and then in a short time fell back to support line.
Next, Euro made an upward impulse, thereby exiting from channel, and also soon broke $1.0950 level.
After this, price rose a little and then made correction, after which coincided to move up inside pennant.
In the pennant pattern, the price broke $1.1320 level and later reached the resistance line, after which corrected.
Now, I think that the Euro can exit from pennant, fall to the support level, and then bounce up to $1.1510
If this post is useful to you, you can support me with like/boost and advice in comments❤️
USDTRY Cooling After Spike – Where to Next? The Turkish Lira story continues—this time through the lens of USDTRY , which has been rising relentlessly and just recently showed signs of exhaustion after tagging highs near 38.95 .
🧭 As seen on the chart, after months of controlled climbing within a broad ascending channel, the pair is now pausing. We may finally be witnessing the beginning of a retracement. Key downside targets have now emerged:
• 33.77 – First area of interest
• 27.99 – Mid-level retracement
• 22.65 – Deep support within the channel
These aren't random numbers—they align beautifully with the multi-year channel and prior volatility zones.
📌 Let's not forget, this journey began with a “New Volatility Alert” back in late 2021, and ever since, the USDTRY has mostly respected structural moves. With the Euro pair also showing signs of topping , this could be the dollar’s turn to cool off against the Lira.
📰 Contextual Fuel:
• Turkey’s central bank raised rates to 46% in April—one of the most aggressive tightening moves globally.
• Over $25B in FX reserves have been used to stabilize the Lira, as inflation forecasts surge past 29.75% for year-end 2025.
• Political volatility and macro risks remain, but short-term speculative flows could now reverse.
🚨 Takeaway:
Just like EURTRY, the USDTRY may have finally found its ceiling for now. Traders should monitor price action near 38–39 for possible bearish continuation signs.
There’s a decent chance that the Lira gains ground in the short to medium term—technical and macro forces now point to consolidation or reversal.
One Love,
The FXPROFESSOR 💙
EURTRY Chart:
GOLD - WAVE 4 CORRECTION TO $2,800 (UPDATE)We've seen a nice melt off on Gold this week. We're seeing a little push higher today as its the end of the week. But don't forget Gold is still in a downside correction in the mid term. SELL THE PUMPS.
Still looking for some form of 'Simple 3 Sub-Wave (A,B,C)' or 'Complex 5 Sub-Wave (A,B,C,D,E)' correction towards our longer term buying target at $2,800📈
EURUSD: Detailed Support & Resistance Analysis 🇪🇺🇺🇸
Here is my latest structure analysis
and important supports & resistances on EURUSD
for next week.
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURO - Price can rise to top part of flat from support areaHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago, price entered to wedge, where it bounced from support line and rose to $1.0860 level, breaking $1.0470 level.
Then price broke $1.0860 level too, but then it made correction to support line of wedge and then made upward impulse.
Euro exited from wedge and continued to grow to $1.1260 level, after which broke this level and started to trades in flat.
Inside flat, price rose to top part of flat and then made correction to support area, where it some time traded close.
At the moment, Euro trades inside support area, near support level, so, I think that price can correct to $1.1260 level.
After this movement, in my mind, EUR can start to grow to $1.1570 top part of the flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
144.50 is a crucial turning pointAccording to the data from the LMAX Exchange, the volume of short yen positions being closed out in leveraged accounts has increased for three consecutive days. However, commercial accounts are still placing hedging buy orders above 145.50, forming a seesaw battle pattern between the bulls and the bears.
USD/JPY(20250502)Today's AnalysisToday's buying and selling boundaries:
144.67
Support and resistance levels:
147.49
146.44
145.75
143.58
142.90
141.84
Trading strategy:
If the price breaks through 145.75, consider buying, the first target price is 146.44
If the price breaks through 144.67, consider selling, the first target price is 143.58
USDZAR | 02.05.2025BUY 18.4400 | STOP 18.3300 | TAKE 18.5900 | Technically, the picture of the price movement disposes to a slight growth to the levels of previous resistances inside the medium-term descending channel. We also expect today data on the US labour market and the possible impact of indicators on the dollar. A slight growth is likely.
XAU/USD (Gold) H1 Breakout (29.04.2025)The XAU/USD Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 3158
2nd Support – 3025
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
Why Has the USD Been Falling?Dollar has lost value against many currencies since January. Why is that?
The Dollar’s decline didn’t start with the recent ‘Liberation Day’ tariffs. In fact, it has been gradually weakening since the 1970s.
U.S. Treasury Futures & Options
Ticker: 6E
Minimum fluctuation:
0.000050 per Euro increment = $6.25
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Trading the Micro: www.cmegroup.com
Bullish momentum to extend?Ethereum (ETH/USD) is reacting off the pivot and could bounce to the overlap resistance that aligns with the 78.6% Fibonacci retracement.
Pivot:1,833.07
1st Support: 1,738.55
1st Resistance: 1,949.39
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.
Heading into pullback resistance?XAU/USD is rising towards the resistance level which is a pullback resistance that lines up with the 23.6% and the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 3,275.29
Why we like it:
There is a pullback resistance level that line sup with the 23.6% and the 50% Fibonacci retracement.
Stop loss: 3,350.60
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 3,168.44
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
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.
Potential bearish drop?NZD/USD is rising towards the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 0.5936
Why we like it:
There is an overlap resistance level.
Stop loss: 0.5997
Why we like it:
There is a pullback resistance level.
Take profit: 0.5829
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
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.
Could the price reverse from here?USD/JPY is reacting off the resistance level which is a pullback resistance that lines up with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection and could reverse from this level to our take profit.
Entry: 145.59
Why we like it:
There is a pullback resistance level that lines up with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection.
Stop loss: 146.75
Why we like it:
There is a pullback resistance level that line sup with the 78.6% Fibonacci retracement.
Take profit: 143.86
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.
Bullish bounce off overlap support?USD/CHF is falling towards the support level which is an overlap support that aligns with the 61.8% and the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.8258
Why we like it:
There is an overlap support level that lines up with the 50% and the 61.8% Fibonacci retracement.
Stop loss: 0.8226
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 0.8315
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.