Bullish reversal off overlap support?NZD/USD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 0.6254
Why we like it:
There is an overlap support level.
Stop loss: 0.6208
Why we like it:
There is a pullback support that aligns with the 138.2% Fibonacci extension.
Take profit: 0.6305
Why we like it:
There is an overlap resistance
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USD (US Dollar)
Bearish reversal?USD/JPY is reacting off the resistance level which is an overlap resistance that is slightly below the 100% Fibonacci projection and could reverse from this level to our take profit.
Entry: 145.72
Why we like it:
There is an overlap resistance level that is slightly below the 100% Fibonacci projection.
Stop loss: 147.15
Why we like it:
There is a pullback resistance level.
Take profit: 144.30
Why we like it:
There is a pullback support level.
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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 pullback support?USD/CHF is falling towards the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement.
Entry: 0.8482
Why we like it:
There is a pullback support level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 0.8429
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 0.8544
Why we like it:
There is a pullback resistance level.
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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?USD/CAD is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3461
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.3420
Why we like it:
There is a pullback support level.
Take profit: 1.3536
Why we like it:
There is a pullback support level.
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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.
USDJPY: Important Support & Resistance Levels 🇺🇸🇯🇵
Here is my latest structure analysis and important
support and resistance levels to pay close attention to on USDJPY.
Resistance 1: 146.50 - 147.35 area
Resistance 2: 149.30 - 149.40 area
Support 1: 141.64 - 142.20 area
Support 2: 139.60 - 140.60 area
From a current perspective, probabilities are high that the pair
will continue growing, at least to Resistance 1.
After its test, consider that for pullback/breakout trading.
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Gold 1H Intra-Day Chart 02.10.2024The sell target I called out last night to $2,647 got hit, Now that we have a LQ grab, we can analyse the market for the next move;
Option 1: Gold should now carry on pushing back up, since its grabbed LQ from the $2,647 support zone. Targeting new ATH of $2,700.
Option 2: Price drops lower towards $2,600 for a deep liquidity grab before it comes back up again.
Gold 1H Intra-Day Chart 01.10.2024Huge bullish momentum on Gold to start October! Gold hit our $2,656 zone. This here is what I am looking at tomorrow;
Option 1: Gold should very likely retrace a little, then carry on bullish towards $2,700.
Option 2: Price drops lower towards $2,600 for a deep liquidity grab before it comes back up again.
USDCHF to find sellers at market price?USDCHF - 24h expiry
Price action continued to range between key support & resistance (0.8400 - 0.8540) although we expect a break of this range soon.
The bias is to break to the downside.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look to Sell at 0.8504 (stop at 0.8524)
Our profit targets will be 0.8444 and 0.8434
Resistance: 0.8473 / 0.8490 / 0.8515
Support: 0.8440 / 0.8420 / 0.8396
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDJPY - Tape Reading (2nd Oct 2024)In this video I read the tape and frame a trade using ICT Concepts.
The trade is based off of a +BB 7h. First target is the ERL, second target is a discretionary Premium Array high. I believe I could target a decent amount higher than this, but I prefer the very high-probability targets based on my setups.
Thanks for watching. You may have to skip some parts where I am away from the keyboard whilst price prints.
- R2F
EURUSD H4 - Short SignalEURUSD H4
We would be looking for something similar to this for the likes of EURUSD and US30, US100 if the opportunity is to present, we have seen and witnessed the selling pressure, now we need some market correction to offer the entry to the next wave of selling pressure.
That being said, we still want to stack confluences, our indicated sell zone now sits at 1.11 price. A whole number, area of resistance and supply. Lets see what today brings!
XAUUSD H1 - Sell SignalXAUUSD H1
For those that tuned in to the market rundown yesterday, we covered all of the setups we have been following from the start of the week, including XAUUSD here.
We have seen some strong selling pressure over the eastern session, trading from that same zone we had indicated on Monday 30th. This $2660/oz zone seems to be very attractive and a strong area of supply.
Hoping to see more of the same here on XAUUSD. Corrections before resumed sell orders.
Sell GBP/USD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3382
Target Levels:
1st Support – 1.3312
2nd Support – 1.3265
Stop-Loss: To manage risk, place a stop-loss order above 1.3440. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Sell USD/JPY Channel BreakoutThe USD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 143.77, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 142.13
2nd Support – 141.26
Stop-Loss: To manage risk, place a stop-loss order above 144.60. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Potential bullish rise?The Bitcoin (BTC/USD) has reacted off the pivot which acts as a pullback support and could rise to the 38.2% Fibonacci resistance.
Pivot: 60,560.68
1st Support: 59,460.98
1st Resistance: 62,628.12
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.
BITCOIN BULLISH TO $77,000 (UPDATE)Finally BTC prices have started weakening & dropping lower towards our grey, supply zone. I can also see a clear 3 Sub-Wave (A,B,C) pattern forming, which adds extra confluence to this trade.
I have placed a buy limit on the grey, supply zone & looking to take advantage of this move. New ATH incoming!
NZDUSD forming a top?NZDUSD - 24h expiry
Price action looks to be forming a top.
Short term RSI is moving lower.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6275 will confirm the bearish momentum.
We look to Sell at 0.6300 (stop at 0.6330)
Our profit targets will be 0.6220 and 0.6205
Resistance: 0.6300 / 0.6315 / 0.6325
Support: 0.6275 / 0.6250 / 0.6225
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURUSD: Bearish reversal if the 1D MA50 breaks.EURUSD is on the lower levels of neutrality on the 1D timeframe (RSI = 46.772, MACD = 0.003, ADX = 17.817) as it reversed aggressively on the 1.12100 R1 level, forming what is so far a DT (double top) on a 1month 1D RSI bearish divergence. The same divergence was formed on the December 28th 2024 HH and it caused a decline to the 0.618 Fibonacci level. The trigger point to sell is always the 1D MA50. Consequently, we will turn bearish if it is crossed, aiming at the 0.618 Fib (TP = 1.08350).
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