GBP AUD - Short IdeaOn 1H forming a bearish divergence and kinda look like a double top. Will trigger my sell stop on break of the neckline. Entry, SL and TP's all mentioned in the chart. Good LuckShortby BullBearBTC1Updated 191914
EUR USD - PRICE HAS TO TAKE A SUPPORT AT 0.5 FIB LEVELEUR USD small sell entry to the 0.5 level fib marked price on chart, price will be take support, follow for more live updates...Shortby FOREX_TRADER_007Updated 242420
EURUSD continues to target 1.1000Dear traders! On the demand timeframe we see EURUSD trading on an uptrend basis after it previously broke out of downtrend resistance. The technical outlook is optimistic and the Uptrend will certainly be supported by buyers higher and we would expect a local price increase targeting the medium to long term near the 1.1000 mark.Longby IAm_RyderUpdated 121222
HelenP. I Euro can correct to support level and continue to riseHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some time traded near support 2, which coincided with the support zone and then rebounded down to the trend line. After this movement, the Euro turned around and in a short time rose from the trend line to support 2, broke this level and made retest. Then the price made movement up, after which made a correction to support 2 and then continued to grow. Euro reached support 1, which coincided with the resistance zone, broke this level and some time traded higher even the resistance zone. Later EUR fell to the trend line, which rebounded and backed up at once, but soon it turned around and made an impulse down, thereby breaking support 1 with the trend line too. After this move, the price turned around and in a short time rose to the resistance zone, breaking support 1 one more time, and just now it continues to trades in the resistance area. For this case, I expect that EURUSD will make the little move down to the support level and then rebound up to the trend line. Then, the price can break this line and continue to grow, therefore I set my goal at 1.0915 points. If you like my analytics you may support me with your like/comment ❤️Longby FirstNameHelen4411
Lingrid | AUDUSD target for SHORT PositionThe price perfectly fulfilled my previous idea. It went up and hit the target. FX:AUDUSD has recently formed an equal low, followed by a bounce off the support level, which is now being tested against the resistance and upward trendline area. On the daily timeframe, we can observe that the market briefly dropped below the significant level of 0.66500, which has acted as both a strong support and resistance zone in the past. This suggests that the bears are currently in control, as they have managed to push the price below this level. On the 4H chart, the market appears to be ranging, with the price pulling back after an initial impulse leg. With bearish momentum building, I expect a test of the support level in the near future. My target is 0.66075 support level. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Shortby Lingrid111119
Hellena | EUR/USD (4H): Long to resistance area 1.08877.Dear Colleagues, I have redrawn the waves and I believe that the upward movement will still take place, but later than I expected earlier. I believe that the price is completing the corrective wave “2”. I assume that the price may push from the area of 50% Fibonacci Level 1.07481. Then I expect an upward movement to the nearest high of 1.08877, which is an area of strong resistance. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Longby Hellena_TradeUpdated 101020
EURUSD continues its uptrendDear traders! We saw confirmation with the bullish sinking candle, getting support at 1.0830 with confluence from the 34.89 EMA. Therefore, the EU outlook remains very bullish and it is likely that based on our analysis, it continues its upward momentum towards the 1.0880 resistance and shakes open a bullish buy scenario towards the resistance level of the range is 1.0940. Longby ConanForexUpdated 7712
NZDJPY POSSIBLE SHORT TRADEThe pair has been trading in a bullish trend for some time. It recently got rejected from a strong resistance zone and now looking to retest the same zone. If the price will be clearly rejected from that zone, I'll be looking for short trades. Please do your own analysis before placing any trades. Cheers and happy trading.Shortby FX_Wize887
EURUSD downtrend continuesDear traders! EURUSD continues to remain within a medium to long-term downtrend channel despite some mild recovery yesterday, but overall still unable to overcome 1.0850 resistance amid shifting sentiment from That pulled the EU down sharply to near the 1.0800 support level as of now. Accordingly, Resistance at 1.0850 continues to hold prices amid correction and sell-off. I expect that after a recovery and testing the liquidity of the market, the price will decrease. This decrease is expected to reach 1.0790 and 1.0755 at least.Shortby ConanForexUpdated 181840
USDCAD: First red day in the backside moveHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range ✅ Day 2 cycle 2. SIGNAL DAY First Red Day ✅ First Green Day 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump ✅ Dump&Pump Frontside Backside 4. THESIS: Long: secondary, I saw many times monday placing the high low of the week (opening range), and market coming back into that level for a breakout, pullback, continuation into the original trend, however, considering the market overall in the backside move, counter trending (as a scalp), will be my second option if a buy low opportunity is presented. Short: primary, first red day, yesterday the HOW failed and started dropping down with interesting bearish momentum. Waiting the news release before looking for a sell high opportunity, going to stop traders long from Tuesday. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni Shortby GianniPichicheroUpdated 449
NZDUSD → Pre-breakdown consolidation. Next, 0.62?OANDA:NZDUSD breaks the bearish trend in early May and confirms the fact that bulls appear on the market. The fundamental background is positive and growth can be considered in the long term. Earlier the price tested a strong descending resistance by a false breakdown. There was no proper reaction in the form of a change of trend or a strong fall. Consolidation is being formed. If the price continues to pull up to the upper boundary of the triangle on D1, the pre-breakout prospect will only intensify. On H1 it is worth paying attention to the range 0.6170 - 0.6083. Anything can happen on the background of the news, so it is worth watching the reakitsa of the ruck to the mentioned borders. A false breakdown of support before further growth is possible. Resistance levels: 0.6170, 0.6217 Support levels: 0.6083, 0.6000 I expect that the trend may get its continuation. The market is extremely calm now, as there is strong news ahead that could determine the medium-term outlook Regards R. Linda!Longby RLindaUpdated 778
GBPAUD - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPAUD has been overall bearish , trading within the falling channel in red. At present, GBPAUD is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline. 📚 As per my trading style: As #GBPAUD approaches the circle zone, I will be looking for bearish reversal setups (like a double top 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! ~Richby TheSignalyst446
USDCHF WILL EXPLODE BUYManage SL during news time, intraday trade tp and sl mentioned not a financial adviceLongby ArehmanB554
EURUSD: Very Risky LONG ScenarioEURUSD: Very Risky LONG Scenario Today we have the US GDP data and this is also the focus of the market for today. Another speculation that is happening is related to the EUR CPI preliminary data tomorrow and the US PCE data. Both very important figures as the market will interpret what the central banks may decide to do next. Technical analysis: EURUSD is showing some kind of expansionary pattern in one of its boundaries. The support zone is clear and proved to be strong in the past. It is likely to push the EURUSD back up. The problem is only the speculation at this moment. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Longby KlejdiCuniUpdated 5533
GBPJPY 197.00 incomingI think gbpjpy is about to pivot and we will soon see 197.000 on the M30 timeframe presents a potential shorting opportunity due to a recent breakout from a wedge pattern.Shortby nejc.urankar.11110
GBPUSD OPPERTUNITIES TRADING OUTLOOKHello dear traders what do you think about this pair please comment..!? 📉 Behold the tumultuous dance of the GBP/USD currency pair as it boldly shatters the chains of its trend line and crucial support zone! 🎯 With precision akin to a seasoned archer, it now sets its sights on a predetermined destination. 🏹 As the correction journey unfolds, a tantalizing prospect emerges—a potential pullback to revisit the sacred ground it once conquered. 🔄 Amidst the charts and candlesticks, a golden opportunity gleams like a hidden treasure—a chance to wield the scepter of the seller and navigate the waves of correction with finesse. 💼💰 Let us embark on this voyage with confidence and strategy! 🚀Longby MrCharlie1Updated 2245
EUR/USD possible short scenario(5/31/2024)We've detected an impulse pattern for EUR/USD. for confirmation, we need to see the price breaks below the correction line(red line). Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)Shortby fortunamarkets116
GBPUSD -SHORTI'm expecting shorts in the GBPUSD pair, after the consolidation the market has retraced back to it and I'm expecting to go short when it reaches my Supply that caused the expansion initially and I have a trendline liquidity that's my confluence to say the least, and the market is bearish on the higher contrary.Shortby Sandile_M116
NZDCADNZDCAD is in strong bearish trend. As the market is consistently printing new LLs and LHs. currently the market is retracing a bit to the last broken level, after last LL, which is a good Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL. What you guys think of this idea?by JustTradeSignals114
EURUSD Bullish Boomerang Trend Continuation EntryEURUSD Bullish Boomerang Trend Continuation Entry looking for trend to continueLongby Mazharghouri114
Market Analysis: GBP/USD DipsMarket Analysis: GBP/USD Dips GBP/USD is attempting a recovery wave from 1.2680. Important Takeaways for GBP/USD Analysis Today The British Pound started a fresh decline from the 1.2800 resistance zone. There is a key bearish trend line forming with resistance near 1.2740 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from the 1.2800 zone after a decent increase, as mentioned in the previous analysis. The British Pound traded below the 1.2740 support to again move into a short-term bearish zone against the US Dollar. The pair even traded below 1.2710 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.2680 level. A low was formed near 1.2680 and the pair is now attempting a short-term recovery wave. There was a fresh upside above the 1.2710 level. The pair climbed above the 23.6% Fib retracement level of the downward move from the 1.2800 swing high to the 1.2680 low. Immediate resistance on the upside is near the 50% Fib retracement level of the downward move from the 1.2800 swing high to the 1.2680 low at 1.2740 and the 50-hour simple moving average. There is also a key bearish trend line forming with resistance near 1.2740. The first major resistance on the GBP/USD chart is near the 1.2770 level. A close above the 1.2770 resistance might spark a decent increase. The next major resistance is near the 1.2800 level. Any more gains could lead the pair toward the 1.2880 resistance in the near term. Initial support sits near 1.2710. The next major support sits at 1.2680, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.2620. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen226
Sell EURUSD Channel BreakoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0850, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0819 2nd Support – 1.0805 Stop-Loss: To manage risk, place a stop-loss order above 1.0885 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you. Editors' picksShortby KABHI_FOREX_TRADINGUpdated 1414153
Supply and Demand Trading Patterns and StrategiesSupply and Demand Trading Patterns and Strategies Understanding the nuances of supply and demand is essential for traders to discern potential market reversals, identify trend continuations, and execute well-informed trading strategies. This article delves into the core patterns and strategies of trading based on these zones, providing a structured approach to identifying potential trading opportunities. What Are Supply and Demand Zones? Supply and demand zones are specific areas on a chart that indicate where the price of an asset has historically made significant moves, either upwards or downwards. These zones are identified by observing patterns where price action has shown a strong reaction—either a sharp increase (demand zone) or a sharp decrease (supply zone). A demand zone is typically found where the market has stopped falling and then shot upwards. This area represents a level where buyers found the price attractive enough to enter the market in large numbers, driving it up. Conversely, a supply zone represents a level at which selling interest overcomes buying pressure, causing the price to fall sharply. This is typically where sellers find the asset overvalued and decide to exit their positions or open new positions to sell. These zones are typically drawn at the ‘bases’ found in the patterns described below, from the consolidation’s low to high. Identifying these zones can provide traders with insights into potential future movements, as prices often retest these levels. When the price returns to a supply or demand zone, it can indicate an opportunity for traders to open new positions in anticipation of a repeat of past market behaviour. The Role of Accumulations and Distributions Accumulation and distribution are critical in understanding how supply and demand zones form and behave in financial markets. These terms describe the actions taken by influential market players—often large institutional investors or "smart money"—as they prepare for a potential price movement. They form a key component of Wyckoff trading. Accumulation occurs when these entities begin to buy or "accumulate" a long position over a period, typically at lower levels. This phase is generally not accompanied by a notable price increase, as the buying is done gradually to avoid significant movements that could attract attention. The end of an accumulation phase is often marked by a reaccumulation, where buying resumes after a brief rally and pullback/consolidation, further establishing a demand zone. Distribution reflects the opposite scenario, where large holders begin to sell their holdings, usually after a rise. This selling does not immediately lead to a drop; it happens subtly to prevent a drastic decrease in price. Following a distribution phase, a redistribution might occur where selling continues after a minor rally or consolidation—this process helps solidify a supply zone. The Four Key Patterns in Supply and Demand Trading Recognising specific patterns in supply and demand zones can significantly assist traders in determining potential market movements. These patterns, derived from price action and the behaviour of market participants, provide visual cues on charts that suggest future trajectories. Here are four key patterns: 1. Rally-Base-Rally (RBR) This pattern is a bullish indicator and occurs as the price leaves an accumulation/demand zone. The sequence starts with a rally, where there is a noticeable upward movement. This is followed by a base, a period where prices consolidate within a relatively narrow range, indicating a balance between buyers and sellers. The pattern completes with another rally, suggesting that demand has overwhelmed supply, pushing prices higher. Recognising the Rally-Base-Rally pattern can signal traders to consider a long position as the market sentiment will likely continue upward. 2. Drop-Base-Drop (DBD) Mirroring the RBR, the Drop-Base-Drop pattern is a bearish formation found after a successful distribution from a supply zone. It begins with a drop, indicating strong selling pressure. The base phase occurs next, where the price moves sideways briefly, showing uncertainty or equal force from buyers and sellers. A subsequent drop follows, demonstrating renewed selling pressure and an overpowering supply. As the price leaves the base, there’s a potential selling opportunity for traders expecting further declines. 3. Rally-Base-Drop (RBD) The Rally-Base-Drop pattern typically signals the formation of a supply zone and is indicative of a bearish reversal. It starts with a rally, where buyers temporarily gain control. However, this rally is short-lived and leads into a base phase—a period of consolidation. The critical phase is the subsequent drop, where sellers dominate, reversing the initial upward trend. This pattern is particularly valuable for traders looking to capture the shift from a bullish to a bearish market. 4. Drop-Base-Rally (DBR) Contrary to RBD, the Drop-Base-Rally pattern indicates a bullish reversal and creates a demand zone. It starts with an initial drop, reflecting strong selling. This phase is followed by a base, where the market finds equilibrium and the selling pressure begins to wane. The final phase is a rally, suggesting that buyers have regained control and are likely to push prices higher. This pattern aids traders in spotting potential entry points for long positions as the market sentiment shifts from bearish to bullish. To try spotting these patterns for yourself, head over to FXOpen’s free TickTrader platform to access real-time charts. How to Trade Supply and Demand Zones Trading supply and demand zones effectively involves understanding their potential role as areas of support (demand) or resistance (supply). In an established trend, these zones are formed from bases—periods of consolidation—that, once the price breaks out and moves in a consistent direction, are likely to act as areas of support or resistance on return. For instance, in a Rally-Base-Rally (RBR) pattern, the base, after the initial rally, is likely to act as a demand zone. If prices revisit this base, it typically serves as a support level, where the price is expected to stop falling and start rising again. Conversely, in patterns like Drop-Base-Rally (DBD), the base also functions as a demand zone. Here, if the price falls back to this zone, it is anticipated to encounter support, leading to a potential bullish move away. Supply and Demand Zones: Trading Strategies Trading strategies based on supply and demand zones are centred around the identification and reaction to key levels that indicate underlying shifts in market sentiment. Traders often focus on how price exits these zones to gauge potential continuation or reversal of trends. Strategy for Rally-Base-Rally (RBR) and Drop-Base-Drop (DBD) This Drop-Base-Drop/Rally-Base-Rally strategy capitalises on the formation of a base after a distinct move that often breaks an established trend, i.e. moving sharply above a lower high in a downtrend or higher low in an uptrend. Traders look to this pattern as it leverages the momentum generated from a strong initial move (rally or drop) followed by a stabilisation period (base) that offers a clear breakout point, indicating a potential trend continuation. Entry Traders typically monitor the price as it rallies or drops, forming a base. A breakout from the consolidation zone is awaited, where the price moves above the high in RBR or below the low in DBD. Entry may be made via a stop order at the breakout point to capture the movement as it happens. Stop Loss It may be placed just outside the opposite side of the base range to protect against false breakouts. Take Profit It may be set at previously identified supply or demand zones where price may potentially react and reverse. Strategy for Rally-Base-Drop (RBD) and Drop-Base-Rally (DBR) This approach focuses on reversal patterns forming in established supply or demand zones, offering insights into potential trend shifts. It utilises the inherent strength of existing supply or demand zones, coupled with a clear reversal pattern, to identify high-probability trades in line with the trend's direction. Entry Traders observe an established supply or demand zone and look inside it for an RBD or DBR pattern formation, respectively. A break of a significant high (in downtrends) or low (in uptrends) within these zones signals the strength of the pattern. Following the break, traders wait for a retracement back to the zone, placing a limit order at the edge of the zone. Stop Loss It may be positioned just beyond the opposite side of the zone to safeguard against the price moving beyond the established boundary of the zone. Take Profit It may be targeted at the next significant supply or demand zone that could oppose the current movement. The Bottom Line Supply and demand zones and their related patterns can offer traders a potential edge across various asset types, including forex, stocks, commodities, and cryptocurrencies*. The strategies described can be a great starting place for anyone looking to explore this trading style. If you’d like to put this theory into practice, consider opening an FXOpen account to access a wide range of assets and our advanced TickTrader platform. FAQs What Is a Supply and Demand Zone in Trading? Supply and demand zones are specific areas on a trading chart where significant buying (demand zones) or selling (supply zones) activity has occurred, causing the price to move dramatically. These zones are used to identify potential areas where the price might either stall or reverse based on past trading activity. What Is the Difference Between Supply & Demand Zones and Support & Resistance Zones? While both supply and demand zones and support and resistance zones identify key levels, supply and demand zones are identified by areas that cause substantial price movements, whereas support and resistance are defined by frequent price reversals at certain price levels. What Are the 4 Stages of the Market Cycle? The four stages of the market cycle include Accumulation, Markup, Distribution, and Markdown. These stages describe the systematic process of price movement in markets, from periods where smart money accumulates positions to phases where these positions are distributed, leading to price declines. *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.Educationby FXOpen228