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Wednesday Market Outlook: Bearish Trend Expected📉 Wednesday Market Outlook: Bearish Trend Expected Tuesday’s price action played out as expected, confirming my bias. While price didn’t fully tap into my POI before the rally, the movement remains valid. --- 📊 Wednesday’s Forecast For Wednesday, I’m expecting: ✅ Monday’s high to be taken out ✅ Tuesday’s high to be taken out ✅ Price to reach my bearish POI at 1.29794 From there, I’ll be looking for a drop to 1.28835. --- 📉 Overall Bias: Bearish Given this setup, I’m maintaining a bearish stance for Wednesday. Now, it’s all about patience and execution. Let’s see how price unfolds. Are you bullish or bearish this week? Drop your thoughts below! 👇🏾 join our community for more market insights. #Forex #MarketOutlook #TradingPlan #GBPUSD
Short
by CARVAH
AUDCAD | Reoccurring FractalsWe're looking at 3 complete fractals and the fourth one being the current one. Same phase as the last, a bit of sideways trading/consolidation then aggressive buying breaking out to the upside. Price action has been trending upwards with HHs and HLs and we're currently at a Lower High bouncing off the lower trendline below. Would be ideal to look for long positions only for this setup as bulls are looking stronger from this view. ~300pips going into the 3rd wave.
Long
by Nathanl19
Bearish drop?CAD.JPY has reacted off the pivot which has been identified as an overlap resistance and could fall to the overlap support. Pivot: 105.30 1st Support: 103.56 1st Resistance: 106.09 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
Potential bullish rise?CAD/CHF has bounced off the pivot which is a pullback support and could bounce to the 1st resistance which acts as an overlap resistance. Pivot: 0.61667 1st Support: 0.61189 1st Resistance: 0.62239 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
GBPUSD - Sell Trade SetupLet's see what happens with the upcoming CPI data from the UK. In the event figures come in less than analyst forecast, guess what?? Well this pair will go south! Why well Fed's comments last week were not dovish, tariffs are still causing inflation providing strength and stability for the greenback. Waiting for UK CPI data to confirm my analysis. Leave a comment below, let me know what you think. Share with friends. Check out my profile for more awesome trade plans and setups. DM for copy trading, use any regulated FX broker. Trade Safe - Trade Well ~Michael Harding
Short
by Michael_Harding
Bearish breakout?NZD/CAD is reacting off the pivot and a breakout could potentially lead the price to drop to the 1st support. Pivot: 0.8194 1st Support: 0.80792 1st Resistance: 0.82654 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?NZD/CHF is rising towards the pivot and could reverse to the 1st support. Pivot: 0.50899 1st Support: 0.50213 1st Resistance: 0.51110 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
USDJPY Trending Lower - Will It Drop To 145.200?OANDA:USDJPY is currently trading within a descending channel, indicating a strong bearish structure. The price has broken below a key support zone and may now pull back for a potential retest. This level previously acted as support and could now serve as resistance, aligning with a possible bearish continuation. If sellers confirm resistance at this zone, the price is likely to move downward toward the 145.200 target. However, a failure to reject this level could indicate a potential shift in momentum. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, strong wicks rejecting the resistance zone, or increased selling volume, before considering short positions. Let me know your thoughts or any additional insights you might have!
Short
by DanieIM
30
CADCHF Approaching Key Support – Rebound Toward 0.61890?OANDA:CADCHF is approaching a key support zone, marked by strong buying pressure. This area has historically served as a demand zone, suggesting the potential for a bullish reversal if buyers step in. The current market structure indicates that if the price confirms a rejection from this support zone, there is a high probability of an upward move. I anticipate that if buyers defend this level, the market may head higher toward the 0.61890 target, which represents a logical target within the current market structure. However, a break below this support would invalidate the bullish bias and could lead to further declines. If you have any thoughts on this setup or see an alternative perspective, feel free to comment!
Long
by DanieIM
14
EURCAD Approaching Major Resistance - Correction Incoming?OANDA:EURCAD is approaching a significant resistance zone, marked by prior price rejections and strong selling pressure. This area has historically acted as a key supply zone, indicating the potential for a pullback if sellers step in and regain control. If the price rejects this resistance, we could see a pullback toward 1.55000, aligning with a corrective move after the recent bullish rally. However, a clean breakout above this resistance zone would invalidate the bearish bias and could lead to further upside toward higher levels. Traders should monitor for bearish confirmation signals, such as rejection wicks, bearish engulfing candles, or increasing selling volume, before considering short positions. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments! 📉
Short
by DanieIM
16