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EURNZD - Strong Intersection!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURNZD has been in a correction phase trading within the falling red channel and it is currently retesting the lower bound of the bullish channel marked in blue. Moreover, the green zone is a strong structure and support zone. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower blue and red trendlines acting as non-horizontal support. 📚 As per my trading style: As #EURNZD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TheSignalyst
2
GBPCHF resistance at 1.1425 swing highThe GBPCHF currency pair price action sentiment appears neutral, supported by the longer-term prevailing sideways consolidation price range. The key trading level is at 1.1425, current swing high. An overbought pullback from the current levels and a bearish rejection from the 1.1425 level could target the downside support at 1.1310 followed by 1.1245 and 1.1165 levels over the longer timeframe. Alternatively, a confirmed breakout above 1.1425 resistance and a daily close above that level would change the outlook to bullish opening the way for further rallies higher and a retest of 1.1450 resistance followed by 1.1470 and 1.1500 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
#AUDUSD 1DAYAUDUSD (4H Timeframe) Analysis Market Structure: The price has been in a downtrend but has now broken above the downtrend resistance, signaling a potential shift in market direction. A breakout from this level suggests that buyers are gaining strength, possibly leading to further bullish movement. Forecast: A buy opportunity may arise as the breakout indicates a change in trend. Waiting for a retest of the breakout level for confirmation can provide a stronger entry point. Key Levels to Watch: - Entry Zone: A buy position can be considered after a successful breakout and retest of the previous resistance as support. - Risk Management: - Stop Loss: Placed below the breakout level to minimize risk. - Take Profit: Target key resistance zones where price may face selling pressure. Market Sentiment: The breakout of the downtrend resistance suggests that bullish momentum is increasing. A confirmed retest with strong price action can provide better confirmation for an upward move.
Long
by PIPSFIGHTER
AUDJPY Sell signal below the 4H MA50.The AUDJPY pair has been trading within a Bearish Megaphone and is currently going sideways within the 4H MA200 (orange trend-line) and 4H MA50 (blue trend-line). Every time the latter broke to the downside, the pattern started its new Bearish Leg. Assuming it hits at least the 1.236 Fibonacci extension like the first Bearish Leg, we are looking at a short-term Target of 93.750, if the 4H MA50 breaks. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EUR/USD - Critical Decision Zone! Will Price Hold or Break?The EUR/USD is currently trading around 1.045, sitting within a fair value gap (FVG). This level is a major point of interest, and the market's reaction here could dictate the next significant move. Key Scenarios to Watch: 📉 Bearish Breakdown: If price fails to hold this FVG and we get a strong candle close below it, this could confirm bearish momentum. A breakdown from this level would create a high-probability short opportunity, with the next logical downside target being the golden pocket (marked as "Target"). This area aligns with a deeper discount zone where buyers might look to step in. 📈 Bullish Rejection & Upside Move: If price finds support within this FVG and shows strong bullish intent, we could see a push to the 4H order block (OB) sitting at 1.048. A move toward this OB would be a potential liquidity grab before any larger directional move. 📊 Market Context & Why This Level Matters: We are currently in a premium zone, meaning price is at a level where smart money is more likely to look for selling opportunities rather than aggressively buying. This increases the probability of a retracement lower, especially if the fair value gap fails to hold. The golden pocket aligns with a strong Fibonacci retracement zone, making it a high-probability target for a deeper correction. 🔥 Final Thoughts: This is a pivotal moment for EUR/USD. A confirmed break or a strong rejection from this level will provide clear trade opportunities. Keep an eye on price action, watch for confirmations, and plan accordingly! __________________________________________ Thanks for your support! If you found this idea helpful or learned something new, drop a like 👍 and leave a comment—I’d love to hear your thoughts! 🚀 Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! 📈✨
Short
by TehThomas
4
Wednesday 19th Feb '25 The Day Ahead Wednesday February 19 Data: US January building permits, housing starts, February New York Fed services business activity, China January new and used home prices, UK January CPI, RPI, PPI, December house price index, Italy December current account balance, ECB December current account Central banks: Fed's FOMC minutes, Jefferson speaks, RBNZ decision, BoJ's Takata speaks Earnings: HSBC, Analog Devices, Rio Tinto, Glencore, Carvana, BAE Systems, Vale, Carrefour, Etsy Auctions : US 20-year Bonds ($16bn)
by TradeNation
EUR/USD Rejects 1.0469 – Drop to 1.0399 or Reversal Ahead?EUR/USD Technical Analysis – February 19, 2025 The price is rejecting from the pivot line at 1.0469, confirming bearish momentum after failing to sustain above the key level. Technical Outlook Bearish Scenario: As long as the price trades below 1.0469, the downtrend remains valid, targeting 1.0399. A break below this level could extend losses toward 1.0367 and 1.0288. Bullish Scenario: To reverse the bearish momentum, EUR/USD must break back above 1.0469, which could trigger an upward move toward 1.0520 and 1.0605. Key Levels to Watch 🔹 Pivot Point: 1.0436 🔹 Resistance Levels: 1.0520, 1.0605 🔹 Support Levels: 1.0390, 1.0367, 1.0288 📉 Directional Bias: The price is expected to drop toward 1.0399 while trading below 1.0469. A break below 1.0399 confirms further downside movement. 💬 Will EUR/USD hold below 1.0469 for further downside, or reclaim the level for a reversal? Drop your thoughts! 👇🔥
Short
by SroshMayi