Products
Community
Markets
News
Brokers
More

Community
Ideas
Gbp-cad

Gbp-cad

GBPCAD 500+ pip move potential GBP has been dominating all week and is, imho, overextended. GBPCAD is now at a Daily Resistance level that has been rejected 3 out of the last 4 times (75%) Need to see compression on the 60 min chart below the resistance level and then a strong bearish candle for entry. Entry = not yet ??? the stop will be 10 pips (+2 for spread above the last swing high) PT = 1.6668 * both sides of this pair have news release that will effect this trade. GBP retail sales at 4:30 est.which is forecasted for -0.8 which can easily be beat and CAD CPI at 8:30 est .Please take this into consideration ** A more aggressive entry can be made if there is either multiple testing of the resistance level or a tight compression below but at it, for at least 8 hrs.

Short

Updated

XAUUSD Approaching Resistance, Potential Reversal XAUUSD is approaching its resistance at 1312.17 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1282.40 (23.6% Fibonacci retracement , horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.

Short

AUDJPY Approaching Resistance, Potential Reversal AUDJPY is approaching its resistance at 78.84 (61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 75.79 (38.2% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.

Short

SPXUSD testing resistance, potential reversal!SPXUSD is testing our first resistance at 2627.9 (horizontal pullback resistance, 50% fibonacci retracement , 100% fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2521.30 (horizontal pullback support, 38.2% fiboancci retracement). Stochastic (89,5,3) is also testing resistance where we might see a corresponding drop in price.

Short

EURAUD Approaching Resistance, Potential Reversal EURAUD is approaching its resistance at 1.5981 (100% Fibonacci extension, 23.6% & 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.5877 (61.8% Fibonacci retracement, horizontal overlap support).

Short

NZDUSD Approaching Support, Potential Bounce NZDUSD is approaching its support at 0.6714 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.6797 (61.8% Fibonacci retracement, horizontal pullback resistance).

Long

EURNZD Approaching Resistance, Potential Reversal EURNZD is approaching its resistance at 1.6886 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.6770 (61.8% Fibonacci retracement, horizontal overlap support).

Short

AUDJPY Testing Resistance, Potential Reversal AUDJPY is testing its resistance at 78.59 (38.2% & 61.8% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 75.60 (38.2% Fibonacci retracement ). Stochastic (55, 5, 3) is approaching its resistance at 98% where a potential reversal could occur.

Short

EURAUD Bounced Off Support, Potential For A Further Rise EURAUD bounced off its support at 1.5789 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise further to its resistance at 1.5967 (23.6% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) bounced off its support at 1.1% where a further rise could occur.

Long

AUDCHF Approaching Resistance, Potential Reversal AUDCHF is approaching its resistance at 0.7124 (61.8% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 0.7038 (23.6% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.

Short

AUDJPY Approaching Resistance, Potential Reversal AUDJPY is approaching its resistance at 78.79 (61.8% & 23.6% Fibonacci retracement , horizontal overlap resistance) where it is could potentially reverse down to its support at 75.75 (38.2% Fibonacci retracement ). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.

Short

NZDUSD Approaching Resistance, Potential Reversal NZDUSD is approaching its resistance at 0.6879 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 0.6801 (horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.

Short

EURAUD Approaching Support, Potential Bounce EURAUD is approaching its support at 1.5873 (61.8% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.6133 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 2% where a corresponding bounce could occur.

Long

AEX bounced off support, potential for further rise!AEX bounced off our first support at 474 (horizontal overlap resistance, 100% fibonacci extension , 50% fibonacci retracement ) where a further rise might occur pushing price up to our major resistance at 61.8%, 38.2% fibonacci retracement , horiozntal overlap resistance). Stochastic (55,5,3) bounced off support where we might see a corresponding rise in price.

Long

XAUUSD Approaching Resistance, Potential Reversal XAUUSD is approaching its resistance at 1312.17 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1282.40 (23.6% Fibonacci retracement , horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.

Short

UK100 Bounced Off Support, Potential For A Further Rise!UK100 is bounced off its support at 6613 (50% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 7118 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) is bounced off its support at 3.6% where a further rise could occur.

Long

EURAUD Bounced Off Support, Potential For A Further Rise EURAUD bounced off its support at 1.5886 (61.8% Fibonacci extension, horizontal overlap support) where it could potentially rise further to its resistance at 1.6037 (23.6% Fibonacci retracement). Stochastic (55, 5, 3) is testing its support at 1.1% where a further rise could occur.

Long

AUDCHF Approaching Resistance, Potential Reversal AUDCHF is approaching its resistance at 0.7110 (61.8% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 0.7007 (23.6% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.

Short

NZDCHF Approaching Resistance, Potential Reversal NZDCHF is approaching its resistance at 0.6728 (100% Fibonacci extension, 50% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 0.6592 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is testing its resistance at 99% where a corresponding reversal could occur.

Short

XAUUSD Approaching Resistance, Potential Reversal XAUUSD is approaching its resistance at 1298.25 (100% Fibonacci extension, horizontal swing high resistance) where it could potentially reverse down to its support at 1282.40 (Horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.

Short

SPX500 breaking channel - Possible Big Short SPX500 have been trading in a narrow range channel - so far it broke the base of the channel, expecting this market to break down which is more probable scenario to me at the moment, but if it doesn't then i am looking the top of the channel for a short trade. As this market is bearish trending and momentum on all across higher time frames supporting the view, so keep watching this market for a big trade opportunity. Trade Safe!

Short

by UmarAbdurRehman

Updated

DAX Approaching Resistance, Potential Reversal DAX approaching resistance at 10999 (100% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal overlap resistance) where it could potentially reverse to its support at 10278 (100% Fibonacci extension, swing low support). Stochastic (34,5 ,3) is approaching its resistance at 95% where a reversal could occur.

Short

XAUUSD Approaching Resistance, Potential Reversal XAUUSD is approaching its resistance at 1312.17 (61.8% Fibonacci extension, 76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1282.40 (23.6% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.

Short

11 22 33 44 55 66 77 88 99 1010 1111 1212 1313 1414 1515 1616 1717 1818 1919 2020 2121 2222 2323 2424 2525 2626 2727 2828 2929 3030 3131 3232 3333 3434 3535 3636 3737 3838 3939 4040 4141 4242

Love in every #TradingView

90M+

Traders and investors use our platform.

#1

Top website in the world when it comes to all things investing.

1.5M+

Mobile reviews with 4.9 average rating. No other fintech apps are more loved.

10M+

Custom scripts and ideas shared by our users.

TradingView Chart on Instagram @tradingjunkies.shop

@tradingjunkies.shop

TradingView Chart on Instagram @rok_trader

@rok_trader

TradingView Chart on Instagram @progamezone_

@progamezone_

TradingView Chart on Instagram @marco_costanza_94

@marco_costanza_94

TradingView Chart on Instagram @mytradingsetup

@mytradingsetup

TradingView Chart on Instagram @Cagan Tunc

@Cagan Tunc

TradingView Chart on Instagram @jordan_fx_

@jordan_fx_

TradingView Chart on Instagram @TradingView

@TradingView

TradingView Chart on Instagram @zeroskiifrmz

@zeroskiifrmz

TradingView Chart on Instagram @tradecontext

@tradecontext

TradingView Chart on Instagram @mytradingsetup

@mytradingsetup

TradingView Chart on Instagram @fx_sallyjones

@fx_sallyjones

TradingView Chart on Instagram @setupstrading

@setupstrading

TradingView Chart on Instagram @cenobar

@cenobar

TradingView Chart on Instagram @akilstokesrtm

@akilstokesrtm

TradingView Chart on Instagram @horibuful

@horibuful

TradingView Chart on Instagram @johnny_muffet

@johnny_muffet

TradingView Chart on Instagram @christianrodriguezcdr

@christianrodriguezcdr

Whatever the trade

Here's why Here's why

Products

Supercharts
Pine Script™
Stock Screener
ETF Screener
Bond Screener
Forex Screener
Crypto Coins Screener
Crypto Pairs Screener
DEX Pairs Screener
Stock Heatmap
ETF Heatmap
Crypto Heatmap
Economic Calendar
Earnings Calendar
Sparks
News
TradingView Desktop
Mobile app
CME Group futures
Eurex futures
US stocks bundle

Company

About
Features
Pricing
Social network
Wall of Love
Athletes
Manifesto
Careers
Blog
Security vulnerability
Status page
Terms of use
Disclaimer
Privacy policy
Cookies policy
Media kit
Accessibility statement
Tarot cards for traders
TradingView merch store

Community

Refer a friend
Ideas
Scripts
House rules
Moderators
Pine Script™ Wizards
Chat
Your festive recap

For business

Widgets
Advertising
Charting libraries
Lightweight Charts™
Advanced Charts
Trading Platform
Brokerage integration
Partner program
Education program

Select market data provided by ICE Data Services Select reference data provided by FactSet. Copyright © 2024 FactSet Research Systems Inc. © 2024 TradingView, Inc. US phone number 833 247 1523