Potential bullish rise?GBP/USD has reacted off the resistance level which is a pullback support and could rise from this level to our take profit.
Entry: 1.2413
Why we like it:
There is a pullback support level.
Stop loss: 1.2354
Why we like it:
There is an overlap support level.
Take profit: 1.2524
There is a pullback resistance level.
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USD
Heading into 50% Fibonacci resistance?USD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 153.24
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 154.61
Why we like it:
There is a pullback resistance level that aligns with the 56.4% Fibonacci retracement.
Take profit: 151.06
Why we like it:
There is an overlap 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.
GBPUSD Possible IdeaDue to the pair consistently breaking lows and respecting highs on the daily timeframe, it was then evident that it is over all bearish. It recently broke the latest low on the daily timeframe, where it preceded to form a rising wedge to induce liquidity on both sides withing the daily range. Price has recently broke out of the wedge to the upside to mitigate a supply area just above it. This then could be the liquidity price could use to fuel its move to the downside to take out liquidity below the wedge as well as liquidity resting beneath our most recent low.
DXY Possible ideaDXY has been bullish for quite some time now. From what we can see, it has been breaking highs with momentum. It has recently retraced back just above an unmitigated demand zone, where lots of liquidity is currently hovering above. It could use this liquidity to fuel its move to the upside after it mitigates this demand area, breaking the latest weak high that awaits a liquidity run.
Could the Fiber reverse from here?The price is reacting off the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.0354
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.0420
Why we like it:
There is a pullback resistance level that is slightly above the 778.6% Fibonacci retracement.
Take profit: 1.0263
Why we like it:
There is a pullback support level that line sup with the 78.6% Fibonacci retracement.
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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.
Gold Wave 5 Bull Complete?! (UPDATE)Gold has been absolutely crazy since market open last night! With a huge 350 PIPS move up on market open, price crashed back down 600 PIPS overnight. This impulse move down is a strong indication the top for Wave 5 could be in.
Time for market structure to form its corrective phase now📉
EURUSD Short term rebound possible.EURUSD is testing its 4hour MA50 after consolidating all day yesterday around the 1.0300 level.
Based on the 4hour MACD, we have a consolidation similar to January 16th-17th, which ended up forming Resistance B.
As we just formed the 2nd Bullish Cross on the 4hour MACD, we expect a similar rise to take place.
Buy and target 1.04375, which is the bottom of Resistance A.
Follow us, like the idea and leave a comment below!!
DOTUSD - Cup and handle filled with green candles tea ?Very simple trade idea ?
my average is around 4.5 and will leave next month probably
for now at very good support (0.236 fib + previous high)
can go more down to test that black trendline for example but at the end the target is 6.5 in a few days/weeks
stop loss depends if btc goes under 95.8
cheers
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.24200 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.24200 support and resistance area.
Trade safe, Joe.
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.03800 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.03800 support and resistance area.
Trade safe, Joe.
USDCHF Analysis and Setup In this video I go through my analysis of USDCHF the forex pair and offer ideas for a trade setup based on my own methodologies which mostly originate from ICT concepts.
Quick summary is there I am anticipating higher prices.
I'll let the video do the talking because that is why I made the video to begin with.
Enjoy!
- R2F Trading
Gold, boring? I don’t think so! PipGuard’s Guide PT.2 Gold, boring? I don’t think so! PipGuard’s Guide PT.2 ✨
Hello, friends! 😎
Have you already read Part 1 ? If not, I encourage you to check it out right now! I’d love to hear your thoughts and, most importantly, see if you’ve placed your trust in your friend PipGuard. Come on, trust me now , won’t you? 😜✨
Before we start: an important reflection 🧐
Always evaluate the quality of information ! Don’t settle for pretty charts or superficial analysis. Dig deeper , stay curious , and, most importantly, be consistent . If you find my analyses useful, let me know with a comment or a boost . Every feedback is like gold … just like our protagonist today! 😏
Good morning again, everyone! 🌅
I’ve been a bit less active here on TradingView lately, but I’ve been working hard on my project. I haven’t forgotten about you, I promise! Those who follow me know that PipGuard never stops . 💪🔥
Today, we’re back with the second part of my gold analysis. The first part? Well, it performed perfectly as predicted… but is that really surprising? We are PipGuard! 😜 So, my friends, we are in an uptrend . Surprised? I wouldn’t think so! The price seems to be heading towards $3000 , just to add a little spice to the global economy. Don’t worry, we’ve got this covered! 💎
Note: This analysis is NEUTRAL 🧐
We have 2 possible options . Even though we are in an uptrend , nothing can be ruled out . Let’s follow every detail carefully.
Flashback: When we were at $700...
Many were expecting a drop as soon as we hit $800 . And yet… surprise! Not only did the price not fall, but it kept climbing, reaching a whopping $2900 . So, beware: the most obvious things are often the most costly . Think about it. 🤔✨
Today’s analysis: let’s focus on the latest impulse! 📈
The latest key movement ranges between $2835 and $2942 . Now, let’s break it down and analyze:
- Bullish Fibonacci : Between $2875 and $2860 , where the price might be attracted and reverse upward.
- Bearish liquidity :
1. First zone: $2896 – potential reversal point at the end of the retracement.
2. Second zone: Between $2887 and $2877 .
3. Third zone: Between $2870 and $2865 .
- If the price doesn’t react in these areas, watch out for the next liquidity zone! 😏
And to the upside? 🚀
- First confirmation: A close above $2911 – the first bullish signal.
- Second hurdle: Bearish liquidity between $2918 and $2921 . A close above this level? Bullish confirmation , and the target becomes the all-time high! 🎯
Let’s recap the key levels 🔑 :
- Pivot level: $2910 .
- Above: Bullish .
- Below: Bearish .
🎯 PipGuard’s exclusive targets:
- ** Bullish **: $2960-$2950 .
- ** Bearish **: $2865-$2860 .
If you enjoyed this analysis, leave a boost or a comment ! 📬 Every piece of feedback motivates me to keep delivering my best. See you soon, my friends.
Best regards, PipGuard 🚀💛
I’m already in the trade: entries at $2916/$2913/$2910 short .
EURUSD 11 Feb 2025 W7 - Intraday Analysis - Powell & Tariffs!This is my Intraday analysis on EURUSD for 11 Feb 2025 W7 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
My Weekly Analysis HERE still the same as Tariffs is the main theme but market reaction is the key.
Is the market got used to the Tariffs news so reactions will be soft and fade or we are going to see more fear in the market with Tariff War narrative?
Today Powell will be the market mover as investors are waiting for a clue for direction.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bearish
🔹Reached Swing Extreme Demand
🔹Swing Continuation
2️⃣
🔹With the deep pullback to the Bullish Swing extreme discount and mitigating the 4H/Daily demand zones, price turned Bullish forming a Bullish CHoCH.
🔹The current Bullish move from Swing extreme discount to current price level having 2 scenarios:
Scenario 1: Pullback for Bearish INT Structure and with the recent Bearish CHoCK and Minor Demand zones are failing, I expect Bearish continuation to target the Weak INT Low which aligns with the Daily/Weekly Bearish Structure/Move. (Counter Swing – Pro Internal)
Scenario 2: Bullish Swing continuation to target the Weak Swing High. Which requires to have Demand holding and Supply failing. The first sign required to confirm this scenario will be the current Demand which price is currently at to hold and we form a Bullish CHoCH. (Pro Swing – Counter Internal)
3️⃣
🔹Expectations is set to Bearish to target the Weak INT Low as long LTFs are staying Bearish.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Continuation
2️⃣
🔹Price reached the Strong Swing High (4H CHoCH) sweeping the liquidity and turning INT structure to bearish with iBOS.
🔹INT Structure continuing Bearish following the 4H Bearish INT structure Continuation.
🔹Since yesterday market open, price is ranging within the Bearish INT structure.
🔹Current INT High is the 4H CHoCH which could be taken out as liquidity for continuation down.
🔹After reaching the Bearish INT structure extreme price is moving down in a corrective PA and currently in the extreme discount of the INT Structure.
🔹For me, I’d prefer to short from the 4H Supply after sweeping the 15m INT High (4H CHoCH). No Long setups/confirmations are clear for me.
3️⃣
🔹Expectation is for price to continue Bearish targeting the 15m Weak Swing Low.
A subtle shift in sentiment suggest the USD rally has stalledIt seems everyone bullish the USD, waiting for its inevitable breakout above 110. But a subtle shift of bullish exposure to USD futures suggests the game is changing, and that a breakout may not be assured. Using market positioning from CME futures markets, dollar index and commodity FX charts, I take a closer look.
Matt Simpson, Market Analyst and City Index and Forex.com
NZDUSD to see a temporary move lower?NZDUSD - 24h expiry
A lower correction is expected.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5650 will confirm the bullish momentum.
The measured move target is 0.5700.
We look to Buy at 0.5625 (stop at 0.5605)
Our profit targets will be 0.5675 and 0.5700
Resistance: 0.5650 / 0.5675 / 0.5700
Support: 0.5625 / 0.5610 / 0.5600
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.
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Heading into pullback resistance/USD/JPY is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 0.9138
Why we like it:
There is a pullback resistance level that lines up with the 71% Fibonacci retracement.
Stop loss: 0.9200
Why we like it:
There is a pullback resistance level.
Take profit: 0.9062
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.
"Gold (XAU/USD) Breakout and Retest: Bullish Continuation or RevThe chart shows a strong bullish momentum in gold (XAU/USD) with a rounded retest pattern. Price recently broke a key resistance and is now testing it as support. There is an indication of a potential sell from the current high, but a successful retest of the breakout zone could confirm further bullish continuation. The buy target is set around 2,931, while the sell target is near 2,882. If the price holds above the breakout zone, buying pressure is expected to continue. OANDA:XAUUSD
EURUSD 1H Death Cross waiting for the perfect Sell.The EURUSD pair completed a 1H Death Cross on today's opening, the first such formation since January 30. Given that we are currently within a Channel Down pattern similar to January's Death Cross, we expect the current formation to follow the trend of the former.
After a short-term rebound above the 1H MA200 (orange trend-line), the previous Channel Down declined aggressively to the 2.0 Fibonacci extension. This gives us a new bearish target at 1.01500.
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Euro can drop to support level, exiting from pennantHello traders, I want share with you my opinion about Euro. When analyzing the chart, it’s clear that the price initially climbed to the resistance level, which overlapped with the seller zone, but immediately bounced back and dropped to the support level. Shortly after, the Euro broke through the support level, falling below the buyer zone. However, it quickly reversed and began rising within an upward channel. Within this channel, the Euro broke the 1.0265 support level and performed a retest, consolidating near that level for a while before continuing its upward momentum. Eventually, the Euro reached the resistance level, broke through it, and moved up to the resistance line of the channel, ultimately exiting the channel. Afterward, the price formed its first gap and started declining within a pennant pattern, where it soon broke the 1.0435 resistance level. Later, the price created a strong second gap, dropped below the support level, and hit the pennant's support line. From there, the Euro began rising again, breaking the support level once more and climbing back to the resistance level. However, not long ago, the price fell back to the pennant’s support line, creating a third gap. In my view, the Euro can attempt to rise to 1.0360 before dropping back to the support level and exiting the pennant pattern. For this reason, I’ve set my take-profit target at the 1.0265 support level. Please share this idea with your friends and click Boost 🚀
China-US Tariffs: Impact on Forex
Hello, I am professional trader Andrea Russo and today I want to talk to you about a hot topic that is shaking up global markets: the introduction of new tariffs by China towards the United States and the impact that this news is having on the Forex market.
A New Chapter in the US-China Trade War
For weeks, the investment world has been monitoring the evolution of tensions between two of the world's largest economies: the United States and China. After months of negotiations, China has decided to implement new tariffs on US products, intensifying the trade war that began a few years ago. The news had an immediate effect on global markets and, as always, Forex is one of the markets most sensitive to these geopolitical developments.
Direct Impact on USD Currency Pairs
The US dollar (USD) suffered a strong backlash after the announcement. In fact, the tariffs can reduce US exports to China, negatively affecting the US trade balance and fueling uncertainty among investors. The immediate result? A weakening of the dollar against several currencies.
The most affected currency pairs were:
EUR/USD: The euro gained ground, rising to levels not seen in weeks. Economic uncertainty resulting from tariffs has prompted investors to flee to currencies deemed safer, such as the euro.
GBP/USD: The British pound followed a similar trajectory, gaining against the dollar. Although Brexit remains a hot topic, the weakness of the dollar has given the British currency some respite.
USD/JPY: The Japanese yen, traditionally considered a safe haven, benefited from the uncertainty, appreciating against the dollar. A flow of capital into Japan was a direct result of the change in risk perception.
Effects on the Chinese RMB
The Chinese currency, the renminbi (RMB), has also fluctuated significantly. While China is trying to limit the effect of tariffs on its domestic market, the market response has been cautious. In particular, investors are preparing for a possible controlled devaluation of the renminbi, with the intention of maintaining the competitiveness of Chinese exports, which could suffer from higher tariffs.
The Role of Central Banks
Another factor that cannot be ignored in this context is the approach of central banks. The US Federal Reserve (Fed) could decide to review its monetary policies to counter the negative effects of tariffs on the dollar. We could see an easing of monetary policy or even a reduction in interest rates, unless the Fed wants to contain the rising inflation caused by tariffs.
On the other hand, the People’s Bank of China (PBoC) could be forced to take measures to support the Chinese economy. The possibility of a currency intervention could have significant effects not only on Forex, but also on other asset classes such as commodities and stock markets.
How to Capitalize on the Situation in Forex Trading
The developments surrounding the US-China trade war are a boon for Forex traders, provided they are able to carefully monitor the news and react quickly. Here are some strategies to consider:
Breakout Trades: The news of the tariffs has triggered significant movements, and experienced traders can look to enter breakout trades on the most volatile currency pairs. This involves looking to enter long or short positions when a currency pair breaks out of certain support or resistance levels.
Risk-Based Strategies: The uncertainties surrounding the trade war can force traders to be more selective in their trades. Careful risk management strategies, such as risk-reward ratios and stop-loss orders, are essential to navigate the turbulent waters.
Monitoring Central Bank Statements: Any signals from the Fed or the PBoC are crucial. Traders should be prepared to react quickly to any changes in monetary policies, as they can immediately impact the value of the currencies involved.
Final Thoughts
China’s decision to impose new tariffs on the United States marks a new phase in the trade war between the two economic powers. In an already volatile Forex market, this move adds further uncertainty, with the USD likely to face a period of weakness while other emerging currencies, such as the renminbi, could suffer mixed effects.
Happy trading to all.
Andrea Russo