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EURAUD Set To Grow! BUY! My dear subscribers, This is my opinion on the EURAUD next move: The instrument tests an important psychological level 1.7135 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7187 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
USDJPYHello Traders! 👋 What are your thoughts on USDJPY? USDJPY is moving within a descending channel and has currently reached the top of the channel, just below a resistance zone. We anticipate some consolidation in this area, followed by a potential drop toward the bottom of the channel. For a safer sell entry, it’s better to wait for a break below the specified support level. After the breakout, a pullback to the broken support could offer a good sell opportunity. 💡Will USD/JPY respect the channel and head lower, or break out to the upside? Share your view below! 👇 Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
16
GBP/JPY: Bullish Momentum Builds Near Key ResistanceThe GBP/JPY market is currently developing an ABC pattern, with point C forming near the 196.000 level. Recently, the price broke above both a downward trendline and the 194.000 support, signaling a potential shift in momentum. At present, the pair is testing last week’s high, which aligns with the 195.000 psychological level. A strong bullish candle has emerged on the daily chart, indicating growing bullish pressure. The market may enter a consolidation phase around this level before attempting a breakout above the previous week’s high. The next target is the resistance zone at 195.750
Long
by RTED_Investing
EURUSD - Will Bears Keep Pushing Lower?Overview of Market Structure The EUR/USD pair has been experiencing strong bullish momentum over the past few weeks, leading to the creation of an extended bullish leg. However, as with most impulsive moves, the market has left behind imbalances—price inefficiencies where the market moved too quickly without sufficient pullbacks to ensure order fulfillment. Recently, we have observed a break in bullish structure, signaling a potential shift in momentum. This break suggests that the market may now be in a phase where it seeks to rebalance inefficiencies before deciding its next directional move. My expectation is that price will first retrace to fill the imbalance zone above, which acts as a supply area, before reversing and targeting the imbalance zones left behind in the bullish rally. Key Resistance and Market Rejections A crucial area in this setup is the strong resistance zone (marked in red), which has been rejected twice. Each time price attempted to break through, sellers stepped in, pushing price lower. This level serves as a significant supply zone where institutions may have unfilled sell orders. With this in mind, the most logical movement for price would be to return to this area, collect liquidity, and then initiate a bearish move. Imbalance Zones and Market Efficiency Imbalance zones are areas on the chart where price has moved too quickly, leaving behind inefficiencies. These areas often get revisited later as price seeks to rebalance liquidity. There are two key imbalance zones in this setup: The imbalance zone above the current price (first target) – This is the area where price is expected to retrace before reversing. The imbalance zone below the current price (final target) – Created during the rapid bullish rally, this area remains untested and is likely to be filled once bearish momentum takes over. These zones are high-probability areas where price is expected to react due to unfulfilled institutional orders. Break of Bullish Structure & Shift in Momentum A key element of this trade idea is the break in bullish structure. This break was confirmed when a bearish candle closed below the previous higher low, invalidating the uptrend. This structural shift suggests that bulls may be losing control, and a deeper retracement is likely before any potential continuation of the overall trend. The break also increases the probability of the lower imbalance zone getting filled before the market makes its next major move. Trade Execution Plan Step 1: Identify the Optimal Short Entry Wait for price to fill the imbalance zone above. Once confirmation is seen, a short position can be entered. Step 2: Bearish Move to Lower Imbalance Zone After rejection from the supply zone, expect price to break lower. The target for this move will be the imbalance left behind in the bullish rally. Trailing stop-loss can be used to maximize profits while reducing risk. Why This Trade Has High Probability Market Favors Liquidity Grabs – The imbalance zone above is a likely liquidity grab area before the bearish move. Break in Market Structure – The recent bearish structure break increases the probability of downside continuation. Historical Resistance Rejection – The resistance zone above has already rejected price twice, indicating strong selling pressure. Imbalance Fill Below – Price tends to fill inefficiencies left behind in fast-moving markets, making the lower imbalance zone a logical target. Risk Management Considerations Stop-loss should be placed slightly above the imbalance zone above to protect against unexpected breakouts. Take-profit should be set at the lower imbalance zone, allowing for a strong risk-to-reward ratio. If price breaks past the resistance zone above without rejection, it would invalidate this bearish setup, signaling a reevaluation of market conditions. Conclusion This trade idea is based on a smart money concept (SMC) approach, focusing on liquidity grabs, imbalance fills, and structural shifts. If the market follows the expected path, we could see price first push up to fill the imbalance above, reject from that level, and then begin a bearish move to fill the imbalance left in the previous bullish rally. By patiently waiting for price to reach key areas and confirming rejections, this trade setup provides a high-probability opportunity with a strong risk-to-reward ratio. __________________________________________ 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
20
EUR/JPY Breakdown: Falling Wedge Breakout & Bullish SetupThe EUR/JPY 4-hour chart is presenting a well-structured price action setup, featuring a falling wedge breakout, a strong bullish trendline, and key resistance and support levels. This detailed analysis will walk through each aspect of the chart to provide a professional trading perspective. 1. Market Context & Price Action Overview At the beginning of the chart, EUR/JPY was experiencing a downtrend, characterized by a series of lower highs and lower lows, forming a falling wedge pattern. This pattern is typically a bullish reversal signal, indicating that sellers are losing strength and buyers may take control. Once the price reached a key support zone near 156.08, it bounced, leading to a breakout of the falling wedge. Since the breakout, the price has been moving in a bullish trend, forming higher highs and higher lows, respecting an ascending trendline. 2. Technical Patterns & Key Levels 🔹 Falling Wedge Pattern – Bullish Breakout The falling wedge is identified by two converging trendlines sloping downward. It indicates that bearish momentum is weakening as price compresses. A breakout above the upper wedge line confirmed the shift in trend direction. The breakout candle had strong bullish momentum, suggesting increased buyer interest. 🔹 Support and Resistance Levels 📉 Major Support Level (~156.08): This level acted as a demand zone, where buyers aggressively stepped in. The price formed multiple rejections at this level before breaking upwards. A stop-loss placement below this level is ideal for bullish trades. 📈 Resistance Level (~163.50 - 164.00): This zone has been tested multiple times as price approaches from below. A break and retest of this resistance would confirm further bullish momentum. If price faces strong rejection, a short-term pullback to the trendline may occur. 🎯 Final Target (~166.79): This is the next major resistance level, aligning with previous swing highs. It serves as a strong take-profit (TP) level for long positions. If price reaches this level, we may see a consolidation phase or possible reversal. 3. Trend Analysis & Market Structure 📈 Bullish Trendline: The price has been respecting an ascending trendline, acting as dynamic support. This trendline connects higher lows, confirming a strong bullish trend. As long as price stays above this line, buyers remain in control. 📊 Market Structure: Since breaking out from the falling wedge, the price is forming a classic bullish structure of higher highs and higher lows. This indicates sustained buyer pressure and a potential continuation toward resistance levels. 4. Trading Setup & Risk Management 📌 Entry Strategy: Aggressive Entry: After the wedge breakout with a tight stop-loss. Conservative Entry: Wait for a pullback to the trendline support or a break and retest of resistance at 163.50 - 164.00. 🔻 Stop Loss Placement: Below 156.08 (previous support zone) to protect against trend invalidation. Alternatively, below the rising trendline for a dynamic SL approach. 🎯 Take Profit Targets: TP1: 163.50 - 164.00 resistance zone (Partial profits). TP2: 166.79 final target, aligning with historical resistance. 5. Market Outlook & Potential Scenarios ✅ Bullish Scenario (High Probability) If price holds above the trendline and breaks 163.50 - 164.00, we expect a continuation towards 166.79. The structure remains intact as long as higher highs and higher lows persist. ❌ Bearish Scenario (Low Probability, but Possible) If price fails at resistance and breaks below the trendline, it could signal a deeper retracement. A break below 156.08 would completely invalidate the bullish setup, leading to a potential downtrend. 6. Summary & Key Takeaways Trend Bias: Bullish, supported by a falling wedge breakout and higher highs. Key Levels: Support at 156.08, resistance at 163.50 - 164.00, final target at 166.79. Trading Strategy: Buy on retests of trendline or resistance breakouts. Risk Management: Use dynamic stop-loss levels to minimize downside exposure. 🔹 Final Verdict: If price remains above support and successfully breaks 163.50 - 164.00, a strong move toward 166.79 is expected. However, traders should remain cautious of trendline breakdowns and manage risk accordingly. 📊 Stay disciplined, follow your trading plan, and always use stop-loss protection! 🚀 #EURJPY #Forex #TradingStrategy #PriceAction
Long
by GoldMasterTrades
Euro / British Pound - 30 - OANDAThis chart represents the **Euro (EUR) / British Pound (GBP) currency pair on a 30-minute timeframe**, published on **TradingView**. It highlights a key **support area** and a potential **long (buy) trade setup**. ### **Key Elements in the Chart:** 1. **Support Area (Highlighted in Black Box)** - This region (~0.8345 - 0.8355) is marked as a key support zone where price has historically bounced. - Buyers are expected to enter at this level to push the price higher. 2. **Trade Setup:** - **Entry Zone:** Near the support area (~0.8355). - **Stop-Loss (SL):** Placed at **0.83510**, slightly below the support area, to limit downside risk. - **Take-Profit (Target):** Set at **0.8400**, where the price is expected to rise. - **Risk-to-Reward Ratio:** The trade aims for a favorable upside while keeping risk minimized. 3. **Background Colors & Highlights:** - Yellow background for the overall chart. - Green zone (above entry) represents the potential profit target. - Orange/red zone (below entry) represents the stop-loss level. ### **Possible Market Scenario:** - If price **holds above the support area**, a bullish move toward the **0.8400 target** is expected. - If price **breaks below the support area**, the trade may be invalidated, leading to a stop-loss trigger. This chart suggests a **bullish bias** based on support holding. Let me know if you need further insights! 🚀📈
Long
by ChartingMarketInsights
potential liquidity grab and sell-offEUR/USD Key Setup – Smart Money in Action! 🚀 The market is setting up for a potential liquidity grab and sell-off! 📉 Here’s the breakdown: 🔹 Price is approaching a key supply zone (highlighted in yellow & purple). A strong reaction here could indicate a short opportunity. 🔹 Invalidation level is clearly marked—if price breaks above, the setup is invalid. 🔹 Anticipated move: A rejection from the zone could lead to a drop towards the 1.07200-1.07600 demand area. 🔹 Confluence factors: Structure, liquidity, and institutional order flow align with this move. 📊 Trade Idea: ✅ Entry: Wait for a confirmation in the highlighted area ✅ Stop Loss: Above the invalidation level ✅ Take Profit: Lower demand zone 💡 Will this setup play out? Let’s see how the market reacts! Comment below with your thoughts! 🔥📉 #ForexTrading #EURUSD #SmartMoney #PriceAction #Liquidity #ForexSetup
Short
by Greenfireforex