USD
How R2F Frames Trades Using ICT ConceptsHere I use USDJPY to illustrate how I would perform a top-down analysis in order to visualize the PD Array Matrix, and thus frame possible trades.
I have 2 perspectives. From a candle science approach, and a price action approach.
Ideally, I do not want to go lower than a 4h timeframe for my candle science perspective.
I hope the video is insightful.
- R2F
XAUUSD - Gold Analysis using ICT ConceptsHere is a an analysis on XAUUSD using ICT Concepts based on our most recent price action. I take a top-down approach in analyzing price and anticipating future movements. Everything is explained in the video so watch it, and feel free to share your thoughts and ideas on what may be in store for Gold in the coming days, weeks, or months.
- R2F
EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09150 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.09150 support and resistance area.
Trade safe, Joe.
USDCAD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36900 zone, USDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.36900 support zone.
Trade safe, Joe.
GBPUSD: Your Trading Plan For Next Week 🇬🇧🇺🇸
GBPUSD is trading in a global bullish trend.
We see a correctional stage on the pair at the moment.
The market is currently stuck within a falling parallel channel
- a bullish flag pattern.
A bullish breakout of the resistance of the flag - a daily candle close above that,
will be a strong bullish signal.
It will signify the end of a correction and a resumption of a bullish trend.
❤️Please, support my work with like, thank you!❤️
R2F Weekly Analysis -10th August 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it!
- R2F
GOLD SHORT TO $1,964 (4H UPDATE)Gold is currently sitting at a very crucial point which'll determine its next big move. If price slows down now & sellers come in with an IMPULSIVE MOVE, we can be reassured that price will carry on down in the mid term. But, if buyers push price higher in the current zone, it's likely we will see $2,500+ in the coming weeks.
Either way, those who followed this analysis, had the opportunity of cashing into short term buy's🤙🏽
GOLD 4H / Bullish Volume...Gold Futures Rise as Long-Term Outlook Remains Positive
Technical Analysis: Gold
Current Outlook: Stabilization above 2428 means an uptrend toward 2450 due to the high bullish volume
Bullish Scenario:
Stability above 2428 could extend the bullish trend towards 2441 and breaking of 2442 will get 2450 and 2466
Bearish Scenario:
Stabilization below 2420 could support a decline to 2408 and should break 2397
Key Levels:
- Pivot Line: 2428
- Resistance Levels: 2441, 2450, 2466
- Support Levels: 2420, 2408, 2379
Today's Expected Trading Range is between 2420 and 2466
Tendency: Bullish trend above 2428 - 2420
previous idea:
Can EURUSD revisit the psychological 1.1000 zone?With the expectation of rate cuts from the Fed, EURUSD might experience buying interest, at least in the near term. Watch the video for more details.
FX_IDC:EURUSD EASYMARKETS:EURUSD
Disclaimer:
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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. easyMarkets 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.
Bullish momentum to extendd?AUD/USD has reacted off the resistance level which is a pullback resistance and could potentially rise to our take profit.
Entry: 0.6567
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.6514
Why we like it:
There is a pullback support level.
Take profit: 0.6621
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
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.
NZDUSD - Top Down Analysis (ICT)Quite interesting chart on NZDUSD. I give my analysis and opinion on what is likely to transpire next. Let's see what happens today (Friday) as I'm expecting the weekly to close below certain levels if I am correct in price coming for the SSL first. However, it may not happen today as there is no high impact news offering a catalyst for a manipulative move lower. We could see a weak close lower and then more aggressive action on PPI and CPI next week. Again, this is under the assumption that my bias of price wanting to go for the SSL first is correct.
- R2F
Potential bullish rise?USD/JPY has bounced off the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could rise to our take profit.
Entry: 145.53
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 142.15
Why we like it:
There is a pullback support level.
Take profit: 150.83
Why we like it:
There is a pullback resistance level which is slightly above the 61.8% Fibonacci retracement.
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.
Bearish momentum to extend?USD/CAD has reacted off the resistance level which is an overlap resistance and could drop to our take profit.
Entry: 1.3755
Why we like it:
There is an overlap resistance level.
Stop loss: 1.3805
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Take profit: 1.3664
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
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 Bitcoin reverse from here?The price is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support.
Pivot: 63,306.68
1st Support: 59,404.42
1st Resistance: 67,571.87
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.
Bearish drop?USD/ZAR is reacting off the pivot and could potentially drop to the 1st support which is a pullback support.
Pivot: 18.39589
1st Support: 18.17481
1st Resistance: 18.55218
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.
GBPUSD: Dovish BoE and Strong DollarHey Traders,
Today, we’re focusing on GBP/USD for a potential selling opportunity around the 1.27600 zone. The pair is currently in a downtrend and is undergoing a correction phase, approaching this critical support and resistance area.
The British Pound faces significant pressure due to a dovish stance from the Bank of England, which has signaled a more cautious approach to monetary policy. This dovish outlook, combined with ongoing economic challenges and recession risks in the UK, is weakening the GBP. On the other hand, the US Dollar is strengthening, driven by the current recession risk USD is considered a safe haven.
This combination of factors supports the likelihood of further declines in GBP/USD as it approaches the 1.27600 zone. We should watch for bearish signals at this level for a potential selling opportunity.
UK Housing Market Lifts GBP/USD Amid Social UnrestGBPUSD – technical overview
Signs have emerged of the market wanting to put in a longer-term base after collapsing to a record low in September 2022. The door is now open for the next major upside extension towards the 2023 high at 1.3143. Any setbacks should be well supported ahead of 1.2500.
R2 1.2861 – 12 June high – Strong
R1 1.2800 – Figure – Medium
S1 1.2673 – 6 August low – Medium
S2 1.2613 – 27 June low – Strong
GBPUSD – fundamental overview
The Pound was still struggling on Wednesday from all the social unrest in the UK. However, we did see some demand on the back of UK house prices rising the most since January. Key standouts on Thursday’s calendar come from US initial jobless claims, wholesale inventories, and some Fed speak.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
USDDKK Bullish Divergence on RSI is a hidden buy opportunity.The USDDKK pair is on Lower Lows under its 1D MA50 (blue trend-line) within a 4-month bearish pattern. However its recent Low was a Higher Low on the 1D RSI, which technically is a Bullish Divergence, thus a short-term buy opportunity, similar to the December 27 2023 Higher Low. Target the Lower Highs trend-line at 6.95000.
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Bullish Reversal on USD/JPY"Based on the demand and supply zones strategy, we anticipate a bullish reversal in USD/JPY. After a significant downward movement, the price has reached a key demand zone, where buyers typically step in, creating upward pressure. Historically, these zones have acted as strong support, leading to substantial rebounds. Current market sentiment, combined with the oversold condition, suggests that buyers will overpower sellers, pushing the price upwards. This spike is likely to gain momentum as more traders recognize the opportunity and enter the market."
"Please note that the information provided is for educational purposes only and should not be considered as financial advice. Market predictions are inherently uncertain, and trading involves risk. I am not responsible for any financial losses or damages that may result from trading decisions based on this analysis. Always conduct your own research or consult with a professional financial advisor before making any investment decisions."
GOLD SHORT TO $1,964 (12H UPDATE):Pinpoint, 100% accuracy with our Gold analysis!😍 Price action has been following my arrow just as I indicated, pushed up 1,000+ PIPS from the bottom & now rejected off our supply zone as I said would happen. Down 240 PIPS in profit, after rejecting our supply zone.
If you missed this move despite me updating you all live every few days, because you were scared of taking the trade & losing money, the financial markets probably aren't the place for you to be🤷
Gold Spot / U.S. Dollar | Entry 2 : Short Position15m : Supply zone mitigated
1m : Took short position after 1m bearish confirmation
Note :
Enter any position only during kill zones
After the market enters a non-kill zone area, trail your stop loss to the entry point or the nearest mitigated order flow level