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USD (US Dollar)

USDJPY Channel Down rejection aiming for the 2024 Support.The USDJPY pair has been trading within a Channel Down pattern since the January 10 2025 High and right now is on its latest Bearish Leg, an outcome of the rejection near the 1D MA200 (orange trend-line). This has also been confirmed by the 1D MACD Bearish Cross and the next technical Support is on 139.600. By the time it gets tested, the price may also make contact with the 1W MA200 (red trend-line). Our short-term Target is 139.600. ------------------------------------------------------------------------------- ** 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. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Euro will start to grow from support and then leave pennantHello traders, I want share with you my opinion about Euro. Previously, price was moving confidently inside an upward channel, forming steady higher highs and higher lows. After a clear breakout from that structure, the price started consolidating inside a new pattern, an upward pennant. This formation usually appears as a continuation structure, where the market builds pressure before a new impulse. Currently, the price is trading near the middle of the pennant, after rolling down from the resistance line and rebounding up from the support area. The structure is compressing, and a retest of the support line near 1.1155 may occur before a breakout happens. Given the confluence of the pennant structure, the strong support area, and the previous bullish momentum, I expect the Euro to rebound again from the lower trend line and initiate an upward breakout. That’s why I set my TP 1 at the 1.1500 level, a logical target aligned with the upper boundary of the pattern and next key resistance. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Long
by LegionQ8
6
USD/CAD - Triangle Breakout (23.05.2025)The USD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle 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 – 1.3792 2nd Support – 1.3760 🎁 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. 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 KABHI_TA_TRADING
28
IS THE BULLISH CHANNEL NEARING EXHAUSTION OR JUST GEARING UP?GBPUSD OUTLOOK – IS THE BULLISH CHANNEL NEARING EXHAUSTION OR JUST GEARING UP? 📊 Macro Overview: The USD continues to soften slightly as markets begin pricing in a potential rate cut by the Fed later in Q3. Meanwhile, the British Pound (GBP) is holding firm, supported by stronger-than-expected UK macroeconomic data—particularly retail sales and inflation figures. However, UK fiscal concerns remain a headwind, and GBPUSD is highly sensitive to upcoming U.S. data—especially Core PCE and employment figures this week. 📉 Technical Analysis: On the 1H chart, GBPUSD is moving within a broad ascending channel and is now approaching the upper resistance trendline at 1.3555 – a key zone that could trigger short-term profit-taking. EMAs 13 and 34 are still in bullish alignment, supporting ongoing momentum. Despite the bullish setup, current candle structure suggests a potential pullback to the 1.3448 support zone before a continuation higher—if buyers regain control. 🔑 Key Price Levels: Resistance Zones: 🔸 1.3555 – Channel top resistance 🔸 1.3586 – Extended resistance zone Support Zones: 🔹 1.3448 – Technical and Fibo confluence 🔹 1.3398 – Major structure support in case of breakdown 🛠️ Trade Scenarios: ✅ Scenario 1: BUY on retracement Entry: 1.3448 (watch for bullish confirmation on H1) Stop Loss: 1.3394 Take Profit: 1.3500 → 1.3555 → 1.3585 ✅ Scenario 2: SELL scalp from resistance Entry: 1.3555 Stop Loss: 1.3588 Take Profit: 1.3500 → 1.3460 🧠 Final Thoughts: GBPUSD remains bullish in structure but is testing key resistance levels. A clean pullback to the 1.3448 region may provide a strong buying opportunity if confirmed by price action. If this level breaks, bearish divergence could kick in and push the pair back to deeper support zones. Stay alert for high-impact economic releases and trade with solid risk management!
Long
by MMFlowTrading
5
BTCUSDT – Mild Pullback, Support Holds FirmBTCUSDT remains in a clear uptrend with a structure of higher highs and higher lows, after breaking out of a prolonged consolidation pattern since early May. The price has surged from the 106,000 resistance zone and approached the technical target around 112,000 – an area that is currently triggering a slight pullback. At the moment, the support zone around 106,700–107,800 aligns with a demand area and the EMA34, likely serving as a springboard for the next upward move. If BTC continues to consolidate around this zone without breaking below 106,700, the 112,000 level could be breached, paving the way for a move toward higher targets.
Long
by Rocky_trade_
GBP/USD - Triangle Breakout (23.05.2025)The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle 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 – 1.3502 2nd Resistance – 1.3534 🎁 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by KABHI_TA_TRADING
64
Bullish momentum to extend?The Gold (XAU/USD) has bounced off the pivot which has been identiifed as a pullback support and xcould rise to the 1st resistance. Pivot: 3,287.49 1st Support: 3,211.03 1st Resistance: 3,413.48 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.
ICMARKETS:XAUUSDLong
by ICmarkets
1
Bearish drop?USD/JPY is rising towards the pivot and could reverse to the pullback support. Pivot: 145.18 1st Support: 142.56 1st Resistance: 146.70 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.
Short
by ICmarkets
Bearish reversal for the Swissie?The price is rising towards the pivot, which acts as an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse to the 1st support, which is also an overlap support. Pivot: 0.8334 1st Support: 0.8214 1st Resistance: 0.8410 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.
Short
by ICmarkets
Heading into overlap resistance?The Kiwi (NZD/USD) is rising towards the pivot, which is overlap resistance, and could reverse to the 1st support. Pivot: 0.5930 1st Support: 0.5893 1st Resistance: 0.5951 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.
Short
by ICmarkets
Bullish bounce off pullback support?The Cable (GBP/USD) has bounced off the pivot and could rise to the 1st resistance. Pivot: 1.3395 1st Support: 1.3317 1st Resistance: 1.3565 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.
Long
by ICmarkets
Bullish bounce?The Fiber (EUR/USD) has bounced off the pivot and could rise to the 1st resistance. Pivot: 1.1263 1st Support: 1.1166 1st Resistance: 1.1423 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.
Long
by ICmarkets
1
USD/JPY Rebounds from Support — Bulls Back in Play?USD/JPY looks like it’s found its feet. After tagging support near the April VPOC (142.71) and 6 May low (142.36), Thursday’s session printed the first bullish candle in over a week — a spinning top just above key support. The daily RSI (2) bounced from its most oversold reading in a month, and the 1-hour chart shows bullish divergence on the RSI (14), now comfortably above 50. Price has lifted from the monthly S2 and is circling S1. If USD/JPY can push through yesterday’s high (144.40), I’m looking toward 145, 145.86 and potentially the 146 handle, which aligns with the monthly pivot at 146.38. ** Please note that Japan's CPI data drops in ~25 mins ** Matt Simpson, Market Analyst at City Index and Forex.com
Long
by CityIndex
US10Y Technical Breakdown – Post-Moody’s DowngradeMoody’s has downgraded the US credit rating for the first time since 2011, citing rising debt levels and long-term fiscal challenges. This move sends a clear warning signal about America’s fiscal path and adds fresh uncertainty to markets already navigating interest rates, inflation, and geopolitical risks. Focus on the US 10-Year Treasury Yield as the market’s pulse on sovereign risk, inflation expectations, and future borrowing costs. Tracking its medium-term trend will provide crucial clues on market sentiment and risk appetite. Medium-Term Market Analysis (6-12 Months) 1. Structural Fiscal Risks This downgrade highlights growing concerns over the US debt trajectory and political gridlock around spending and debt ceilings. It’s less about an immediate crisis, more about long-term sustainability. 2. Rising Yields and Market Volatility The 10-year Treasury yield could move higher, beyond 4.60% we could see rates possibly testing previous resistance of 4.80% (Jan 2025) or 5.00% (Oct 2023). Higher yields mean increased borrowing costs, which can pressure interest-sensitive sectors like tech and real estate and add volatility to equities. 3. Federal Reserve’s Tough Balancing Act With bond yields edging up, the Fed faces a dilemma: delaying cuts further could risk inflation climbing higher. However, this downgrade raises the likelihood that the Fed could keep rates higher for longer than many investors expect. 4. Dollar and Capital Flow Shifts While a credit downgrade may initially pressure the US dollar, its safe-haven status remains strong. Global capital could increasingly look to alternatives like emerging markets or gold, leading to shifts in international financial flows. Perspective While Moody’s downgrade is a serious signal, it’s important to consider: 1) Political Leverage: Sometimes, rating agencies’ decisions can influence political negotiations. This downgrade may add pressure on US lawmakers to reach fiscal compromises. It’s a tool, not necessarily a verdict. 2) US Dollar & Debt Demand Resilience: Despite concerns, US Treasury securities remain the world’s primary safe asset, with global demand still robust. This could temper yield spikes and limit fallout. Some could view the downgrade as “priced in” to a degree, given ongoing debt ceiling battles and past political brinkmanship. If true, markets may react less dramatically than feared. Watch US 10-Year Yield: Key indicator to watch for shifts in risk sentiment and inflation expectations. Equities: Prepare for increased volatility; consider defensive sectors and value plays. Credit Markets: Monitor for widening spreads as risk aversion grows. Policy Signals: Fed communications and US political developments will be critical catalysts. This Moody’s downgrade isn’t just a headline, it’s a medium-term signal to recalibrate risk and position for a more uncertain fiscal backdrop.
TVC:US10Y
by JinDao_Tai
11
Bullish bounce for the Gold?The price is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 3,260.13 Why we like it: There is a pullback support level that lines up with the 38.2% Fibonacci retracement. Stop loss: 3,213.54 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci retracement. Take profit: 3,344.27 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.
VANTAGE:XAUUSDLong
by VantageMarkets
Potential bullish rise?USD/JPY is reacting off the support level which is a pullback support and could rise from this level to our take profit. Entry: 143.84 Why we like it: There is a pullback support level. Stop loss: 142.31 Why we like it: There is a pullback support level. Take profit: 145.86 Why we like it: There is a pullback resistance level that aligns with the 50% 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.
Long
by VantageMarkets
Bearish reversal off overlap resistance?USD/CHF is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8334 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 0.8420 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. Take profit: 0.8202 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.
Short
by VantageMarkets
Bearish drop?GBP/USD has rejected off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 1.3442 Why we like it: There is a pullback resistance level. Stop loss: 1.3505 Why we like it: There is a resistance level at the 138.2% Fibonacci extension. Take profit: 1.3318 Why we like it: There is a support level that lines up with the 50% 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.
Short
by VantageMarkets
GBPUSD: MACD Cross confirms more upsideGBPUSD is bullish on its 1D technical outlook (RSI = 59.696, MACD = 0.006, ADX = 36.278) as it's been inside a Channel Up since the start of the year (January 13th 2025 low). At the moment the 1D MA50 is holding and provides the short term support. The 1D MACD just formed a Bullish Cross, validating the new bullish wave. We are bullish, aiming for another +3.63% HH rise (TP = 1.3600). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
USDCHF - Bulls Are Almost Ready! Are You?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈USDCHF has been overall bullish trading within the rising channel marked in blue. Moreover, the green zone is a strong support and structure! 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #USDCHF is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TheSignalyst
9
EURUSD - The Bears Are Getting Started!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURUSD has been bullish trading within the rising blue channel. However, it is currently retesting the upper bound of both red and blue channels. 🏹 The highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper trendlines and orange resistance zone. 📚 As per my trading style: As #EURUSD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich 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 TheSignalyst
5
EURO - Price may make a movement up and then dropHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few days ago price traded between $1.0870 level inside a flat, where it after fell to bottom part and made an upward impulse. Price exited from flat, breaking $1.0870 level too, and then made a correction, after which continued to grow. Later, Euro reached $1.1425 level, breaking recently $1.1155 level recently, and soon price broke $1.1425 level too. Next, price started to traded inside pennant, where it dropped from resistance line to support line, breaking $1.1425 level again. Euro fell to support line, after which started to grow and in a short time, rose to resistance line. Now, I think that Euro may make a movement up and then start to decline to $1.1235 support line of pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by WalterMoon
7