Bearish drop off pullback resistance?The Aussie (AUD/USD) is reacting off the pivot and could drop to the 1st support which has been identified as a pullback support.
Pivot: 0.6301
1st Support: 0.6183
1st Resistance: 0.6397
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.
USD (US Dollar)
EURUSD 27 Jan 2025 W5- Intraday - EU Lagarde / US Home SalesThis is my Intraday analysis on EURUSD for 27 Jan 2025 W5 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Tariffs will remain a key driver of market volatility, heavily influenced by Trump's shifting tone. While the market initially welcomed a "risk-off" sentiment following his announcement of a modest 10% tariff on China—interpreted as avoiding a full-blown trade war—Trump has since shaken markets by imposing a 25% tariff on Colombia. There are also rumors circulating that similar measures could target Canada and Mexico as early as Saturday, February 1.
Tariffs are likely to be the primary market mover for the foreseeable future, so it's essential to stay vigilant and mindful of potential rumors. Trump’s unpredictability isn’t going anywhere 😁—adapt accordingly!
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Swing Continuation after BOS
2️⃣
🔹INT structure continuing bullish after the bullish BOS. We expect that at anytime the Swing Pullback will start.
🔹Currently price at a Daily Supply Zone that can initiate at least INT Structure Pullback and may extend to Swing Pullback to at least Swing EQ (50%)/Daily and Weekly Demand.
3️⃣
🔹Expectation is price to initiate a pullback for the Bullish INT structure and then continue bullish from demand to target the Daily INT High/Weekly Liquidity.
🔹With today market open, price created a Bearish CHoCH to initiate the INT Structure Pullback.
🔹More development required on LTFs/Intraday Analysis.
15m Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bearish
🔹Swing Pullback Phase
2️⃣
🔹After the Bullish iBOS we expect a Swing Pullback, INT structure turned bearish to facilitate the 15m Swing Pullback.
🔹With the bearish iBOS, a pullback is expected during the session today.
3️⃣
🔹Expectation is set to bearish to facilitate the Swing pullback to at least the Swing EQ/4H-Daily demand zone which is well positioned in Swing Discount.
I’m looking for:
🔹Shorts from the INT structure Supply Zone positioned within the 4H Supply Zone only if we didn’t mitigate the 4H Demand.
🔹Longs from the 15m Demand within the 4H Demand zone for the 15m Bullish Swing and 4H Bullish INT Structure continuation.
Falling towards 61.8% Fibonacci support?WTI Oil (XTI/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback support resistance.
Pivot: 72.73
1st Support: 66.98
1st Resistance: 77.76
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.
Could the Gold drop from here?The Gold (XAU/USD) has reacted off the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 2,778.01
1st Support: 2,718.90
1st Resistance: 2,815.38
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.
Gold 1H Intra-Day Chart 26.01.2025After this week's huge pump, I do believe Gold will be hitting $2,800+ soon. There's 2 ways in which it'll happen;
Option 1: Price consolidates around CMP, trapping in new sellers before it shoots up.
Option 2: We see a downwards retracement towards $2,720 before price recovers up again in February.
MELANIA COIN RUGPULL!You know the funniest part about the markets this past week?
Some of you really let Donald Trump & the US government drop the biggest rug pull in history! Hope any of you who were silly enough to buy this meme coin, let this be an EARLY INDICATOR & red flag of what the U.S. government got in store for the next few years. Use the puppet Donald Trump to get your hopes up with words, but screw you with actions😂
#MakeAmericaBrokeAgain2025😂
XAUUSD 16/01/25XAUUSD continues to hold the same bias as the past two weeks. As always, trade from the lows and aim for the highs. Orion provides us with a clear rule set to follow, allowing us to sit back and wait for our alerts to trigger.
This week, the main plan is to build more upside momentum while waiting for price to return to the lows. This would align with our long entry criteria. If the current target highs are reached, we’ll look for new lows to form and trade from.
Our approach remains simple: trade long to the highs, then wait for the next setup to appear. With Orion guiding the way, we simply follow the rules.
Trade within your risk limits and trust Orion.
GBPUSD TRADE SETUPPotential Trade Setup on GBPUSD
The price has successfully retest a very strong resistance zone, as we can see that the Trend remains bearish and the set Trendline keeps the price on the lower part of the market.
The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade.
A BUY opportunity is at the top above the weekly Low at 1.2593.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading
Crystal clearWe can see a clear double top on XCN this could push down to $0.3455 or a bit lower but it’s also supported by the 200ema.
after that we’re off the the races, I hope you enjoyed this 100% daily gain.
TOSHI, is the best decision to buy when Xcn was topping out hands down.
Good luck and have fun with it.
Is the BANUSDT Market on the Verge of a Breakout or a Breakdown?The cryptocurrency market thrives on unpredictability, and BANUSDT is currently testing traders' resolve. After retreating -91% from its historic high of $0.421 (November 2024), the token hovers near its all-time low at $0.03678. Such levels are often a breeding ground for high volatility and significant price movements. Will the market roar back, or will it sink further into the abyss?
Presently trading at $0.03777, BANUSDT appears oversold with a daily RSI14 of 28.99, hinting at potential upward momentum. However, its moving averages, notably the MA50 at $0.05556 and MA200 at $0.06184, cast shadows of resistance over immediate bullish aspirations. Additionally, recent VSA Buy Patterns suggest buying pressure, but the path upward remains fraught with resistance levels near $0.07753.
The critical question: Is this the time to buy the dip, or are we teetering on the brink of a deeper fall? Investors and traders, are you prepared for what’s next? Today marks a pivotal moment in BANUSDT’s journey—are you watching closely?
BANUSDT Roadmap: Patterns in Action
Navigating the rollercoaster of BANUSDT requires dissecting its pattern history. Here’s a clear roadmap of recent key events, filtering out the noise to highlight only the patterns that hit their mark. Ready to see how this market moves?
January 25, 2025 – VSA Buy Pattern Extra 2nd
This pattern signaled a bullish sentiment with its main direction as "Buy." The price opened at $0.05252, reaching a high of $0.05253, but eventually closed lower at $0.04747. The pattern hinted at a bullish breakout.
Confirmation: The next pattern aligned with this sentiment. The price attempted to rally further before settling lower, confirming the bullish drive was correct but short-lived.
January 25, 2025 – Buy Volumes Take Over
Despite its "Sell" direction, the market momentum showed limited downside. Opening at $0.06483, it quickly slid to $0.05598. This mismatch between prediction and actual price movement suggests either a false signal or strong counterforces.
Skipped: As the Sell failed to gain traction, this pattern is excluded for clarity.
January 26, 2025 – VSA Buy Pattern Extra 1st
Backed by bullish sentiment, this pattern triggered fresh optimism. Opening at $0.03752 and closing near the same level at $0.0374, it maintained a narrow range but supported further upward moves.
Confirmation: The next pattern reaffirmed this sentiment, demonstrating a steady rise as BANUSDT tested higher levels.
Key Takeaways
Successful patterns are those where the main direction aligned with subsequent price actions.
Neutral or false signals are filtered out to ensure actionable insights for traders.
January patterns show BANUSDT attempting to form a bullish base, but caution remains essential due to intermittent weak signals.
Looking Ahead
Investors should track these active support zones and stay alert for patterns aligning with broader momentum shifts. BANUSDT may yet surprise with its next move—are you ready to ride the wave?
Technical & Price Action Analysis: Key Levels to Watch
In trading, it’s all about the levels. Here’s your cheat sheet for BANUSDT's most critical zones. Whether you're scalping or holding, these levels are your lifeline to navigating price action like a pro.
Support Levels
0.03678 – This is the current all-time low, a psychological barrier where buyers previously stepped in. If this fails, expect it to flip into resistance.
0.05556 (MA50) – A dynamic support often acting as a magnet for price action. Break below, and it could create bearish momentum.
Resistance Levels
0.07753 – A key line in the sand. Sellers dominated here before; bulls need to claim this to change the narrative.
0.06184 (MA200) – A formidable level tied to institutional trading zones. Watch for fakeouts around this level.
Powerful Support Levels
0.0921 – The "big boss" support level. If price manages to push higher, this level becomes a safety net on the way down. However, if breached, this will likely become a ceiling for future price recovery.
Powerful Resistance Levels
None active currently – If bulls can reclaim some ground, look for future resistance formations tied to higher price action zones.
Note for Traders
When levels fail to hold, they don’t disappear—they flip roles. Support becomes resistance, resistance becomes a brick wall.
Play it smart: wait for confirmations before entering, and don’t get trapped in fakeouts. These levels are where price action loves to fake moves to lure traders in.
Watch these zones like a hawk and let the price action guide your next moves. It's all about staying sharp and adapting to what the chart is telling you!
Trading Strategies Based on Fibonacci Rays
The proprietary concept of Fibonacci Rays gives traders an edge in navigating dynamic market movements. Using these geometrically precise tools, we identify scenarios that balance flexibility and focus. Here's how we can apply this method to BANUSDT.
Concept of Rays
The Fibonacci Rays are designed from the origin of a movement, based on mathematical and geometric principles. They outline dynamic channels, predicting likely zones for price interaction. Here's the core idea:
When price touches a ray, two outcomes are probable: a reversal or a continuation.
Dynamic factors, such as Moving Averages (MA50, MA200), enhance the predictive accuracy of these rays.
Instead of aiming for precise levels, we analyze the probabilities of price movements within defined ranges.
Dynamic Factors: Moving Averages & Rays
MA50 (current: $0.05556) and MA200 (current: $0.06184) act as additional dynamic support and resistance zones. Interaction with these averages often confirms ray predictions.
Using VSA rays, price tends to move from one ray to the next, forming clear trading targets.
Scenarios
Optimistic Scenario
Price interacts with the ascending ray near $0.03678 (current support). A bounce signals a potential move toward the first ray at $0.05556, confirmed by MA50.
If momentum sustains, the next target aligns with the ray at $0.06184 (MA200).
Pessimistic Scenario
Price breaks below the $0.03678 ray, testing the next descending ray at $0.030 (hypothetical). In this case, MA50 flips to resistance, and bears gain control.
If MA200 is breached, expect further declines, with price navigating between descending rays.
Suggested Trades
Trade 1: Long from $0.03678 with targets at $0.05556 (MA50) and $0.06184 (MA200). Use confirmation from ray interaction before entering.
Trade 2: Short if price breaks $0.03678, targeting the descending ray at $0.030. Watch for bearish confirmation with MA50 acting as resistance.
Trade 3: Long breakout above $0.06184, targeting higher ascending rays. This trade aligns with a potential trend shift and broader bullish momentum.
Key Takeaway
The Fibonacci Rays allow traders to spot high-probability opportunities by combining dynamic ray interaction with Moving Averages. These tools offer clarity in uncertain markets, ensuring trades are aligned with structural momentum. Whether you're an optimist or a realist, there's a setup for every type of trader!
Let’s Connect and Trade Smarter Together
Trading isn’t just about levels; it’s about collaboration and constant learning. If you have questions, ideas, or just want to discuss this analysis, drop your thoughts right here in the comments. I’d love to hear from you and dive deeper into any topics you find valuable.
If you found this idea useful, don’t forget to hit Boost and save it. That way, you can revisit it later and track how the price moves along my markings—it’s the perfect way to refine your trading skills and spot opportunities.
By the way, all the rays and levels you see here? My custom indicator does the heavy lifting, drawing them automatically based on Fibonacci principles. It’s a private tool, but if you’re interested, feel free to reach out via direct messages—we’ll discuss how to make it work for you.
Need a custom analysis for your favorite asset? I’ve got you covered. Whether it’s a free idea shared with the community or a private, tailored breakdown for your strategy, we can work something out. Just leave a comment with the asset you want me to analyze, and I’ll do my best to help!
Rays work universally across all assets—crypto, stocks, commodities, you name it. If you’d like a personal markup for a specific chart, let me know. And remember, the more engagement this post gets, the more ideas I can share here for everyone.
Lastly, make sure to follow me here on TradingView to stay updated on all my future insights and strategies. Let’s build a community of smarter, sharper traders together! 🚀
Just a lookLooking at a meme coin for fun. The main reason is for volatility, the 2nd would be that is coinebases meme and knowing, when people with power say 1 thing in twitter the coin can go flying. All publicity and very high risk.
Has potential to drop nearly 50% or more so be careful if you do enter
Just looking for now while XCN continues to fly
However it could be POPCATs price in the future just keep that in mind
Good luck and have fun with it
USD JPY Monthly Prospective Analysis up to 2060I updated my previous idea so that it can be more specific in detail. This is the idea combined with elliott wave theory(I forgot to mention in the previous upload, but, in my chart, the number 2 wave corresponds to the 3 in the elliott and the 3 to the 5. The number 1 wave is the same as the 1 in the elliott). Up to 2027 the trend is down, bounced at around 98 and then going up all the way to reach around 170 (maybe does not reach 200 yen this time, that would be accomplished more than about 50 years later). Hope to live long to see if its correct!
EURUSD 27-31 Jan 2025 W5 - Weekly Analysis - EU&US Interest RateThis is my Weekly analysis on EURUSD for 27-31 Jan 2025 W5 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
Weekly Chart Analysis
Daily Chart Analysis
4H Chart Analysis
Economic Events for the Week
Market Sentiment
Weaker Dollar Sentiment: A softer tone on tariffs reduced market fears of escalating trade wars. This decreased safe-haven flows into the USD, as such rhetoric often bolsters the dollar's demand during heightened global uncertainties.
Improved Global Trade Outlook: Easing trade tensions generally supports global economic activity, benefitting risk-sensitive assets like the euro. The USD could weaken as investors seek higher-yielding opportunities outside the U.S.
Market Expectations for the Federal Reserve: If the U.S.-China trade relationship stabilizes, it could lower inflationary pressures caused by tariffs, potentially leading to a more dovish tone from the Federal Reserve. This would further weaken the dollar.
Lagging Economic Growth in Europe: While the euro could see short-term gains, its long-term strength depends on the eurozone’s ability to address its economic challenges. Structural issues in major economies like Germany and Italy could cap the euro’s upside.
Upcoming important news: EUR & USD Interest rate decision, FOMC Meeting and PCE.
Weekly Chart Analysis
1️⃣
🔹Swing Bearish
🔹Internal Bearish
🔹In Swing Discount
🔹Swing Continuation Phase (Pro Swing + Pro Internal)
2️⃣
🔹INT structure continuing bearish with iBOS following the Bearish Swing. (End of 2023 till end of 2024 was a pullback phase after the first bearish iBOS)
3️⃣
🔹After the bearish iBOS we expect a pullback, price tapped into liquidity below Nov 2022 which is above the weekly demand formed with the initiation of the bearish iBOS pullback phase.
🔹Price made a bullish CHoCH which indicates that the liquidity was enough as per previous week analysis to initiate a pullback phase for the bearish iBOS.
🔹Price currently looking to target the liquidity built up during September 2024 and maybe reaching the Weekly supply zone (In INT structure Premium).
🔹Expectations of price to continue bullish to sweep the liquidity/mitigate supply zone while putting in consideration that we can have a pullback after the bullish CHoCH to weekly newly demand formed.
Daily Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Continuation Phase (Pro Swing + Pro Internal)
2️⃣
🔹Following the Bearish Swing BOS, INT Structure continuing bearish approaching the weekly demand zone.
3️⃣
🔹After the failure to close below the Weak INT Low, price continued bullish sweeping the liquidity above Dec 30 and currently mitigating a Daily supply zone within the INT Structure Premium Zone.
🔹The current Daily supply zone could provide an intraday pullback to daily demand formed to continue bullish and target the INT High as this is the weekly liquidity currently to be targeted. Also, I put in consideration that the structure is bearish and we should be continuing down to target the Weak INT low. But I want to see more development on LTF to confirm this scenario.
🔹Expectations is set to continue bullish with cautious on the bearish scenario.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Swing Continuation after BOS
2️⃣
🔹INT structure continuing bullish after the bullish BOS. We expect that at anytime the Swing Pullback will start.
🔹Currently price at a Daily Supply Zone that can initiate at least INT Structure Pullback and may extend to Swing Pullback to at least Swing EQ (50%)/Daily and Weekly Demand.
3️⃣
🔹Expectation is price to initiate a pullback for the Bullish INT structure and then continue bullish from demand to target the Daily INT High/Weekly Liquidity.
🔹More development required on LTFs/Intraday Analysis.
Economic Events for the Week
Weekly FOREX Forecast Jan 27 - 31stThis is an outlook for the week of Jan 27-31th.
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD is retracing from the M+W TF Supply Zone. The sellers are in control... for now. The macro view is that the bullish up trend is not broken. Be mindful of this. For now, selling the USD is in order, and buying the EUR, GBP, NZD, AUD, CAD, CHF, are the best moves. Keep and eye on an indecisive JPY, and wait for a break of the consolidation.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Call it cup and handleI’m unsure why they names LCX LCX I’m sure it on google somewhere, but they should have just named the coin cup and handle because it’s clearly multiple cup and handle patterns.
The last push was nearly 350% push. I believe we will see a major use coming soon.
In the 15min. We’ve seen 3 tests to the Tom the the downward trend line once that break LCX will fly $0.289 will be the breaking point more or less.
Good luck and have fun with it.
SAFEMOON - Not so safe for the medium termIt looks as though there could be a fractal for SAFEMOON. Historiclally, we've seen rises like this but only to be dissapointed and for the trend to be reversed again. I've drawn out a blue line of what the most likely trajectory will occur. The only other alternative is that the upward trend will continue, buying action will surge and we will see a bursting through of the upper trend line and escape the channel. If it comes back within the channel momentarily, that's fine - but not if the volume dies down and we stay within. So, it doesn't look great for an investment and I wont be putting anyting into it. Follow for more.
HelenP. I After correction movement, Euro will continue growHi folks today I'm prepared for you Euro analytics. In this chart, we can see how the price rebounded from the resistance level and then tried to grow, but failed and soon fell back. Next, the price some time traded near this level and then broke it and dropped below. After this, the price almost rose back, but then turned around and dropped more to the trend line, breaking the support level, which coincided with the support zone. Later Euro rebounded from the trend line and rose to almost a resistance level, after which turned around and dropped back, breaking the trend line with the support level again. After this movement, Euro rebounded up, breaking the support level one more time, and then made a retest and continued to move up until it reached the trend line. Then price continued to move up near the trend line and soon broke the resistance level, but recently fell below. At the moment, I expect that EURUSD, after correction movement, can continue to move up, breaking the resistance level with the trend line. So, for this case, I set my goal at 1.0550 points. If you like my analytics you may support me with your like/comment ❤️
Gold can rise a little and then drop to support levelHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price made an upward impulse from the support line of the triangle and rose to the resistance line, breaking the support level, which coincided with the buyer zone. Then Gold turned around and made a correction movement to the support level, where it some time traded and then rebounded up from the support line of the triangle. Price rose to the current support level, thereby exiting from the triangle, and then started to decline inside the wedge. Gold fell to the support line, which is located in the buyer zone, and then started to grow. In a short time, the price broke the 2615 level, after which made a correction to the support line and then continued to move up. Later, Gold rose to the resistance line of the wedge and broke it, thereby exiting from the wedge pattern and then in a short time rose to the current support level. Soon, the price broke this level and continued to move up next. So, I think that Gold will make a small move up and then drop to the support level. That's why I set my TP at 2725 level. Please share this idea with your friends and click Boost 🚀
Euro can enter to seller zone and then drop to support lineHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price a few moments ago price entered to wedge and started to decline, but firstly it entered to seller zone and then bounced down. In a short time, the Euro declined to the support level, which coincided with the buyer zone, and soon broke this level and fell to the support line of the wedge. Then the price turned around and started to grow. Euro quickly rose to the support level, broke this level one more time, and made a retest, after which rose a little more. After this movement, the EUR some time traded near the support level until it reached the support line of the wedge and then bounced up from this line to the resistance level. When Euro reached this level, it corrected and then continued to move up to the seller zone. When the price entered to this area, the Euro some time traded inside and later reached the resistance line of a wedge, after which rebounded down. Price broke the 1.0420 level and continued to fall. At the moment, the price is traded below this level and I think that the price can fall to rise to the seller zone and then drop to the support line of the wedge. After this, the Euro can exit from this pattern, make a retest, and continue to decline to the support level. So, that's why I set 1st TP at 1.0350 points and 2nd at the 1.0260 level. Please share this idea with your friends and click Boost 🚀