EURO - Price can move up to resistance level and continue fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A not long time ago price entered to falling channel, where some time declined near resistance line of channel.
Later it bounced and fell to support line of channel, but soon backed up to resistance line, after which continued to fall.
Soon, Euro broke $1.0840 level, which coincided with resistance zone, and exited from falling channel.
Then price started to trades inside flat, where it declined to support area and then bounced up to $1.0840 level.
After this, price made a correction and then backed up to this level, but recently started to decline.
In my mind, EUR can make movement up to resistance level and then continue to fall to $1.0765
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USD
Euro can fall to support level and then start to move upHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once rebounded up. Price in a short time rose to 1.1210 points and then turned around and started to decline inside the downward channel. In the channel, the price soon broke the 1.1085 level and then fell almost the support line of the channel, after which EUR bounced and continued to decline. Later Euro fell to the support level, which coincided with the support line of the downward channel with the buyer zone. After this, the price continued to decline and soon, broke the 1.0810 level and entered to buyer zone, after which turned around, and some time traded between support level. Last time, the price fell to the buyer zone and then rebounded up, thereby breaking the 1.0810 level again, and then exited from the channel too. At the moment, I think that Euro can correct to a support level and then start to grow. For this case, I set my TP at 1.0980 points. Please share this idea with your friends and click Boost 🚀
Bearish reversal?WTI oil (XTI/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support level.
Pivot: 709.24
1st Support: 68.44
1st Resistance: 72.88
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.
Falling towards pullback support?The Cable (GBP/USD)n is falling towards the pivot and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 1.2908
1st Support: 1.2866
1st Resistance: 1.3024
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.
Bearish reversal off 50% Fibonacci resistance?USO/USD is rising towards the resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 70.14
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 72.32
Why we like it:
There is a an overlap resistance level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 68.39
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURUSD: First 1H Golden Cross formed in 6 weeks.EURUSD may be marginally bearish on its 1D technical outlook (RSI = 44.367, MACD = -0.006, ADX = 65.014) but on 1H it is cruising to the RSI overbought level as it formed the first 1H Golden Cross since September 15th. Technically it is a bullish pattern but short term the price has to overcome the S1 level (just hit it) and an almost overbought 4H RSI. This may give you the last opportunity to buy and target the 0.618 Fibonacci (TP = 1.10385), which has been the minimum target on every 1H Golden Cross since August.
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USDZAR Excellent sell signalThe USDZAR pair gave a solid sell signal last time (August 16, see chart below) we made made a call on it, easily hitting the 17.500 Target:
Yet again, the price got rejected near the top (Lower Highs trend-line) of the 8-month Channel Down. A candle closing below the 1D MA50 (blue trend-line) will confirm the sell signal. If successful, we will short and target Support 1 at 17.03500.
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GBPUSD Channel Up emerging. Short term buy.GBPUSD recently broke to the upside the former Channel Down of October and a Channel Up emerged from it.
It already formed a Golden Cross (1h) today, technically a very bullish pattern.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.3035 (top of Channel Up)
Tips:
1. The RSI (4h) is on low enough levels again to justify a technical buy.
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GU is volatile...but we need more data for direction...I cant really call it at the moment. Price is indecisive as we come to the monthly transition. The last day of the month and anything can happen. Watching for a solid direction and sitting on hands for now until London open. Expecting some good price action for both sessions going into Thursday.
STILL DOUBTS? THE BTC GUIDE
The tour of the guides continues, and with it, the skeptics. I am here, active and present: you’ll find ALL MY CONTACTS at the end of the article or in my profile bio. Don’t worry, I’m not going anywhere! Now, let me get a few things off my chest: I don’t need to prove anything, my work speaks for itself, supported by HONESTY AND CONSISTENCY. That said, enough chit-chat—let’s get straight to the ANALYSIS . 📊
This time, we’re focusing on a MEDIUM TO LONG-TERM ANALYSIS ; don’t worry, daily analyses will follow, but first, it’s essential to outline a **GUIDELINE**, a light to show us the direction. 🧭✨
What is the current situation for BTC? Technical analysis suggests that the best strategy is to aim for an upward trend, and that’s what we’ll do. However, there are key points to consider: aiming for an upward move is good, but entering at the best price is essential. 📈💡
On Tuesday, 29/10/2024, Bitcoin attempted to establish a new ALL-TIME HIGH but failed. Does this mean a reversal? ABSOLUTELY NOT . The trend remains bullish; it is simply retracing downward to clear out retail traders positioned for the uptrend. Exactly, to push upward, the market must first liquidate the bulls, go short to gain strength, and then resume the upward path. It’s that dynamic many call manipulation—a term that’s overused and often misapplied. 🔄⚖️
Currently, as I write, the 24-hour chart has closed below the bullish resistance at 71300, confirming a possible decline. The price is now close to the first bullish liquidity zone , an excellent rotation point, located between 69750 and 68315. In this same area, we also find our trusty Fibonacci , with an upward projection, extending from 60635 to 67405 . This represents, on the 24-hour chart, the best entry point for a potential reversal, thanks to the combination of deep retracement and liquidity. 📉📊
But that’s not all. To confirm a continued decline, we need a break on the 24-hour chart of the bullish support, with a full candle close below 69150 . This would indicate a possible continuation of the downward move. ⚠️🕹️
And if the price continues to fall? No problem—we’re prepared. Your friend PipGuard has already considered everything. We find a fundamental monthly support at 64540 , immediately followed by the weekly upward Fibonacci extending to 62585 , starting right from the aforementioned monthly support. 🛡️📈
In summary: the trend is BULLISH , got it? BTC will go up, but for now, it’s time for a RETRACEMENT . This study will be published as bullish, not neutral, because we’re not in a sideways or bearish phase—it’s just a retracement. I encourage you to read through everything carefully and understand the key points. 🔄📝
Remember, I’m always available: you can find my contact details at the end of the article or in my TradingView profile bio. If you appreciate my return, my work, and my analyses, I kindly ask for your support. Wishing you a good day/evening, depending on when you read this, and most importantly, HAPPY TRADING. We’ll catch up soon! 🚀📈
PipGuard.
Could Ethereum drop from here?The price has reacted off the pivot and could drop to the 38.2% Fibonacci support.
Pivot: 2,651.09
1st Support: 2,557.66
1st Resistance: 2,766.07
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.
GU look like it setting up for a nice entry for London sessionI been looking for a solid sell entry to continue the bearish trend that GU has been in. The dollar failed to break out and is now retracing to grab more liquidity to push up. in turn giving us a nice entry for a sale. We have to be patient and allow price to find its resistance levels. Expecting a nice set up for London.
Bearish drop?NZD/USD is rising towards the resistance level which is an overlap resistance that is slightly below the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.5986
Why we like it:
There is an overlap resistance level that is slightly below the 23.6% Fibonacci retracement.
Stop loss: 0.5913|
Why we like it:
There is a pullback support level.
Take profit: 0.6024
Why we like it:
There is an overlap resistance level that is slightly above the 38.2% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bullish rise?GBP/USD has reacted off the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.3000
Why we like it:
There is a pullback support level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 1.2976
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 1.3053
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08300 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.08300 support and resistance zone.
Trade safe, Joe.
GOLD SHORT TO $2,540 (1H UPDATE)Important video update. Like I mentioned on the last update video, it's possible that Gold could push up higher towards a new ATH & that is exactly what is playing out. We've seen Wave 4 play out in a complex correction form, rather then a flat correction form.
Difference between 'flat & complex corrections' covered on my Gold Vault Academy E-Book.
THE GOLD GUIDE
Good evening, everyone! 🌆 I’m resuming my publications for the international community, and I’m excited to share my work in English as well. I believe that high-quality material should be FREE AND ACCESSIBLE TO ALL . 🌍 Today, I’m here with a study that we’ll now dive into. 📈
This analysis begins with the monthly chart , moves through the weekly chart , and finally narrows down to the daily chart , making this publication a comprehensive GUIDELINE . Think of it as a trend analysis, if you will. Let’s start by taking a closer look. 🔍
Today, gold has recorded an impressive move of approximately 400 pips —a substantial and significant reaction.🪙
This move underscores the importance of the 2790 level as a strong resistance, which could potentially unlock the path to the 3000 level . 🚀 This study is based on the premise that 2790 ACTS AS A CEILING for the price. If this holds true and today’s 24-hour candle closes bearish below the 24-hour support at 2750/48 , there is a strong chance the price will continue its decline towards the downtrend resistance at 2715 . 📉
But that's not all. In the MEDIUM TO LONG TERM (depending on the time frame for the price to react), we see that at 2710/8 , there is a significant low where liquidity could be absorbed—a sort of “exchange,” in simple terms—that could fuel an upward move. 🔄
Is that everything? No, my friend. In the same area on the downside, we find the weekly equilibrium at 2695 , a potential pivot point for a bullish reversal. 📈 But there’s more: before this, the price may reach the start of an upward Fair Value Gap (FVG) , which spans from 2707 to 2665 , adding strength to a potential reversal and acting as a magnet for the price. 🧲
Lastly, there is an important Fibonacci level that aligns with this bullish FVG, stretching from 2675 to 2650 , which could also attract the price and support a potential upward move. 📊
So, what should we do? First and foremost, PATIENCE IS KEY. ⏳ Price movements don’t change overnight. I’ve outlined potential scenarios in this study, but they need to be confirmed. For now, this is the situation, and we base our actions on what we SEE , not what we ASSUME. 🧐
I hope this article is both interesting and useful to you. If so, I kindly ask for your support on this project. AT THE END OF THE ARTICLE, YOU'LL FIND ALL MY CONTACT INFORMATION 📬, where I’m always active. Alternatively, you can find it in my TradingView bio.
Have a great evening, and stay tuned for more updates coming soon! 🌟
Yes, it works on all timeframes... (ICT Concepts)In this video I just demonstrate a scalp based off of my process of of DOL>CS>Entry, and I do this on EURUSD, which is one of the pairs I have most experience in.
It is relatively simple and everything is explained in the video. If there are any questions, feel free to drop a comment.
- R2F
DXY TRI MONTHLY CHART -- A LONG JOURNEY OF WEAKNESS.The chart should speak for itself.
DXY long term view (tri-monthly data) is conveying shifting trend on the dollar index -- to the downside.
Expect more long term correction, as this time frame don't change mind too often.
Spotted at 102.25
TAYOR.
safeguard capital always.