Get started

Fibonacci

USD/JPY Rejected at Trend ResistanceUSD/JPY extended more than 6.2% off the yearly low with price registering an intraday high at 148.65 on Monday before reversing lower. The focus now shifts back to this turn from downtrend resistance with initial support now in view. A closer look at Japanese Yen price action shows USD/JPY trading within the confines of embedded ascending pitchfork extending off the lows. The lower parallel now converge on near-term support at the May opening-range high (ORH) at 145.92 and the 38.2% retracement of the April advance / objective weekly open at 145.30/37 - a break / close below this slope would suggest a more significant high was registered this week / threaten resumption of them broader downtrend. Subsequent support objectives seen at the May open / 61.8% retracement at 143.05/24 with the yearly low-day close (LDC) at 141.56 . Initial resistance is eyed along-the median-line and is backed by key levels at 148.67/74 and the March high-day close (HDC) / 200 day moving average near 149.50/60 - a breach / close above this region is ultimately needed to validate a breakout of the yearly downtrend / suggest a larger trend reversal is underway. The first major technical consideration in the event of a breakout is eyed at the 61.8% retracement of the yearly range / 2022 & 2023 highs at 151.63/94 - look for a larger reaction there IF reached. Bottom line: USD/JPY has responded to confluent downtrend resistance with the pullback now approaching initial support and the first test for the bulls. From a trading standpoint, losses would need to be limited to the lower parallel IF price is heading for a breakout here with a close above the 200-day moving average needed to fuel the next leg of the advance. -MB
by FOREXcom
Rebounds are opportunities to short goldAt present, gold has tried to fall below the 3200 mark and completely broke the recent low support, laying the foundation for the downward structure. As the center of gravity of gold shifts downward, the upper resistance also moves down to the 3210-3220 area. The relatively clear support below in the short term is in the 3165-3160 area, and after breaking this area, it may even continue to the 3105-3100 area. Trading strategy: Consider continuing to short gold in the 3210-3220 area, TP: 3180-3170 CAPITALCOM:GOLD OANDA:XAUUSD FOREXCOM:XAUUSD TVC:DXY
OANDA:XAUUSDShort
by Steffen_Schade
AMZN: A Power Move for the Smart Trader | The Rebound Play?🚀 AMZN 2025 Trade Plan After an early 2025 rally to $240+, Amazon (AMZN) has pulled back sharply to around $167, opening the door to what could be one of the most attractive rebound setups of the year. With AWS still growing strong and net income nearly doubling in 2024, the fundamentals are on Amazon’s side. Add to that bullish analyst outlooks pointing to $226–$253 this year, and we might just be looking at a golden entry zone. 📌 Entry Points: Start building a position at $167 Add more if it dips toward $160 or $151 (52-week low) 🎯 Profit Targets for 2025: First stop: $210 Next: $226 Final push? $240+ This setup blends technical recovery with strong financials and long-term bullish sentiment. Patience, discipline, and solid risk management are key as AMZN finds its footing. ⚠️ Disclaimer: This is not financial advice. All trading involves risk. Always do your own research and consult with a licensed financial advisor before investing.
NASDAQ:AMZN
by Robert_V12
ELV Swing Trade Setup - May 2025Fundamentally undervalued with a strong balance sheet, consistent earnings beats, and a low P/E ratio. Recent drop (~33% from 52-week highs) appears overdone relative to earnings strength likely due to short-term Medicaid cost concerns, not long-term deterioration. 📊 Position Type: ✅ Swing Trade to Core Position Start small and build over time if technicals stabilize. Could evolve into a 6–12 month hold depending on market environment and how the stock reacts to future earnings or policy updates. Entry Zone: 📍$380-360 📍$340 📍$300 Profit Targets 🎯 TP1: $415 🎯 TP2: $445 🎯 TP3: $500+ 📌 Final Word ELV is trading near a critical support zone after a 30% drop, yet it keeps delivering solid earnings. With strong cash flow and a powerful Carelon segment, this could be one of the best risk-reward setups in healthcare right now. Disclaimer: This is not financial advice. Do your own research before investing.
NYSE:ELVLong
by Robert_V12
EtherFi ETH.fi price analysis⁉️ Increased trading volumes, shrinking growth candlesticks, and a trend line "overhang" - for us, these factors indicate the likelihood that a correction is near.... And for you? The #ETHfi price shot up nicely thanks to promising updates to the #Ethereum ecosystem, about which we write a few posts early. 🟢 And of course, there are further prospects for the growth of the #Etherfi project, because now the capitalization is only $375 million. 🔴 But still, in our opinion, the price of OKX:ETHFIUSDT would still be suitable to slightly correct to $0.84-0.74-0.64, whoever likes which figure) 🔝 And from there, with new strength, break through the trend to new heights. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
USDCHF Short Term Buy Trade Update!!!Hi Traders, on April 24th I shared this idea "USDCHF - Expecting Bullish Continuation In The Short Term" I expected further continuation higher from the marked Fibonacci support zones. You can read the full post using the link above. Price reached the first Fibonacci support zone, respected it and bounced higher as expected!!! If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 ------------------------------------------------------------------------------------------------------------------- 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 VladimirRibakov
The Rise of the US Dollar Pressures the Japanese Yen!The US dollar has regained its upward momentum recently, supported by market optimism following the mutual US-China agreement to reduce tariffs. One of the most notable currencies to weaken against the US dollar is the Japanese yen. The USD/JPY pair has risen, forming a series of higher highs. The recent movement highlights three key levels to watch closely. The 145.644 level is considered a positive signal for a renewed upward move, targeting the 147.755 level. Meanwhile, the 144.822 level serves as a key support to maintain the bullish outlook. A drop below this level and a daily or 4-hour close beneath it would indicate a shift from a bullish to a bearish trend.
by CFI
EURJPY Wave Analysis – 14 May 2025 - EURJPY reversed from resistance area - Likely to fall to support level 162.00 EURJPY currency pair recently reversed down from the resistance area between the pivotal resistance level 165.00 (which has been reversing the price from November), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from July. The downward reversal from this resistance area stopped the c-wave of the previous short-term ABC correction 2 from February. Given the strength of the resistance level 165.00, overbought daily Stochastic and clear daily downtrend, EURJPY currency pair can be expected to fall to the next support level 162.00.
Short
by FxProGlobal
AUDJPY Wave Analysis – 14 May 2025 - AUDJPY reversed from resistance area - Likely to fall to support level 93.20 AUDJPY currency pair recently reversed from the resistance area between the key resistance level 95.30 (former monthly high from March), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse wave (C) from November. The downward reversal from this resistance area stopped the earlier short-term impulse wave 3 from the start of May. Given the overbought daily Stochastic and strongly bullish yen sentiment, AUDJPY currency pair can be expected to fall to the next support level 93.20.
Short
by FxProGlobal
XAU/USD AnalysisPrice Action Analysis | Bearish Order Block & Golden Zone Play In this analysis, the market is clearly respecting a descending channel, forming lower highs and lower lows. Currently, price action is consolidating near a mid-support level and has yet to reach the next significant demand zone. Key Zones Highlighted: • 1HR Bearish Order Block: This area has been marked as a potential reaction zone. I’m waiting for the price to retest this level, where a bearish reaction is expected. • Bullish Order Block - Golden Zone: This is a strong demand area where previous bullish momentum was initiated. A bounce is highly likely if price reaches this level. Trade Idea: • Waiting for the price to push up and test the 1HR bearish OB (marked with the red zone). • If a valid bearish setup forms there (e.g., rejection wick, bearish engulfing), a short trade targeting the golden zone around $3,206.546 becomes a high-probability setup. • Stops would ideally go above the OB zone (~$3,281), giving a favorable risk-reward ratio. This setup is fully structure-based, aligned with price action and smart money concepts. No indicators are used.
OANDA:XAUUSDShort
by nrx6official
MOODENG Up 1561% — Is a 50% Crash Next?MOODENG has gone full parabolic — launching from $0.0206 to $0.34 in just 36 days. That’s a staggering +1561% gain. But after a move this vertical, it’s time to ask the real question: can it sustain this pace… or is a correction looming? Let’s break it down. Technical Snapshot MOODENG just tapped a major resistance zone — the 0.786 Fibonacci retracement (log scale) of the entire bear trend from $0.70 down to $0.0206. That drawdown was a brutal -97% over 143 days, defining the last macro bear cycle. The current rally has now retraced almost 80% of that decline. And now? It’s knocking on exhaustion’s door. RSI Screaming Hot The RSI on the daily chart is currently at 96 — a level rarely sustained for long. Historically, these readings lead to sharp corrections as early bulls take profit and late buyers get trapped. Key Structure: The key swing high at $0.31982 was just taken out, possibly as a liquidity grab. Price is now hovering at this level — hovering… or topping? Potential Retracement Zone If MOODENG enters a standard corrective phase, the $0.15411 level stands out. — it lines up as a logical 50–61.8% retracement zone from the recent parabolic leg. A return to that level would mean a -50%+ crash from current highs. Short Trade Idea (On Confirmation Only) Entry: Break below $0.32 and retest it as resistance Stop-Loss: Above $0.34 (structure invalidation) Target: $0.15411 (0.618 Fib retracement) R:R: 7:1+ This setup requires patience. Don’t front-run it — let price lose $0.32 with conviction and treat a clean retest as your trigger. 📘 Bonus Insight: Whenever you see extreme RSI paired with major Fib levels (like 0.786), you’re likely looking at the exhaustion phase of a move — especially when paired with psychological price levels and historical resistance. That’s where smart money exits… and emotional money enters. 🧠 Educational Note: Why You Should Be Cautious with Parabolic Moves These kinds of explosive rallies are exciting, but they’re often unsustainable. When price goes vertical and indicators like RSI hit extreme levels, smart money starts exiting — and emotional money starts chasing. Parabolic moves often end with sharp, sudden crashes. Chasing these tops may feel tempting, but more often than not, it leads to losses. The real edge comes from waiting — for structure, confirmation, and setups with defined risk. Don’t trade hype. Trade the chart. Summary MOODENG up +1561% in just over a month Tapped the 0.786 Fib of its entire macro downtrend Daily RSI at 96 → overheated Break & retest of $0.32 = ideal short setup Targeting a possible -50% correction to $0.15411 Keep your emotions out of it — parabolic runs like this are exciting, but it’s discipline that gets you paid. Let price confirm. Then strike. 📉🔥
Short
by SiDec
20