GBPUSD INTRADAY supported at 1.3400
The GBP/USD pair continues to exhibit a bullish longer-term trend, underpinned by a series of higher highs and higher lows. However, recent price action shows consolidation within a sideways trading range, suggesting a pause or potential accumulation before the next directional move.
The key technical level to monitor is 1.3400, which aligns with a prior consolidation zone and serves as a critical support area. A corrective pullback towards this level could present a buying opportunity, particularly if price action forms a bullish reversal pattern around this zone. A successful rebound from 1.3400 would likely target resistance levels at 1.3470, followed by 1.3500 and 1.3550 on a longer-term basis.
Conversely, a daily close below 1.3400 would invalidate the current bullish bias and suggest a shift in sentiment. This scenario opens the door for further downside towards the next support at 1.3370, with extended losses potentially reaching 1.3340.
Conclusion:
While the broader trend remains bullish, GBP/USD is currently range-bound. Traders should watch for a reaction around the 1.3400 level. A bounce would reinforce bullish momentum towards 1.3470 and beyond, whereas a confirmed break below this level would signal further weakness and a possible trend shift in the near term.
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Community ideas
EUR/USD Bullish Breakout Ahead – Inverse Head and Shoulders + ChThe EUR/USD pair is showing a strong bullish setup supported by multiple confluences:
🔹 Inverse Head & Shoulders Pattern
A clean inverse head and shoulders formation has completed near the 1.1225–1.1207 support zone. This structure typically signals a reversal to the upside and has been confirmed with neckline breakout.
🔹 Breakout from Falling Channel
The breakout above the descending channel further supports bullish momentum, suggesting that the prior downtrend has likely ended.
🔹 Ascending Channel Structure
Price is currently respecting a rising channel, with higher highs and higher lows clearly forming. The lower boundary has been tested successfully, adding confidence to long positions.
🔹 Bullish Targets
I’m targeting the Fibonacci extension levels at:
127.2% at 1.13030
141.4% at 1.13223
These levels align with upper channel resistance and offer solid risk-reward potential.
🔻 Key Support / Invalidation
The key support zone is 1.1225–1.1207. A break below this area invalidates the bullish setup.
🎯 Trade Plan
Entry: After neckline breakout or on a minor pullback into the red support zone
TP1: 1.13030
TP2: 1.13223
SL: Below 1.1207 (conservative stop)
How bitcoin could provide a R13x Bitcoin is showing signs of a powerful breakout. A bullish pattern is forming, and with talk of deregulation in the US, this could be the start of something big. We explain the setup and risk-reward in detail.
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EUR/USD Breakout Watch – Are You In?Price is currently breaking out of a descending trendline after respecting a strong demand zone. We’ve got early signs of bullish momentum, and if price confirms above structure, a move toward 1.12675 is in play.
Watching for a retest and continuation to the upside.
🎯 Target: 1.12675
📌 (Not financial advice)
#EURUSD #Forex #PriceAction #BreakoutSetup #FXTrading #TechnicalAnalysis #EuroDollar #4HChart #TradeSetup
gbpaud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Gold Market Maintains Bullish TrajectoryGold market continues the trajectory of bullish build-up, with price action aligning toward the mitigation of the 3270 zone. This move reinforces the ongoing momentum, hinting at potential further gains if the zone is cleared. follow for more insights , comment , and boost idea
ETHEREUM Long Outlook – Grand Supercycle Perspective(2025.05.21)Hello everyone,
This is SeoVereign, operator of the SeoVereign Team.
Today, I would like to share an Ethereum analysis based on the daily (1D) chart for the first time in a while.
Before reading this post, please refer to the idea I uploaded on April 18, 2025, through the link below. It will help you better understand the context:
🔗
(Clicking the image will take you to the corresponding link.)
If you look at the April 18 idea, you’ll see that I presented a bullish outlook based on the Deep Crab pattern.
This analysis is a continuation of that idea.
Through years of research, I’ve observed that when a Deep Crab pattern sees a rebound from the PRZ (Potential Reversal Zone), the trend that begins from that point tends to extend for a long time.
If you look closely at the chart, you’ll also see the 2.24 Fibonacci extension level.
Some people messaged me saying, “Since it went above 1.902 and even exceeded the 2.0 Fibonacci line, isn’t this Deep Crab invalid?”
However, I’ve studied harmonic patterns in depth for a long time and have set my own Fibonacci criteria based on that research.
In this particular Deep Crab case, I define the invalidation level as 2.24.
Therefore, I judged that the pattern is still valid, and this allowed me to forecast a long-term bullish trend.
Back to the main point,
Based on this Deep Crab pattern, I’ve consistently maintained a bullish outlook on the daily chart,
and so far, there have been no clear signals indicating a reversal into a bearish trend.
Thus, I would like to post a continuation of the bullish outlook on the daily chart.
On May 19, 2025, there was a sharp drop around the 2,587 USDT level.
At that time, our team expected the bullish trend that started from around 2,447 USDT to hold its low and continue.
However, the price broke below 2,447 USDT and made a new low.
We then closely monitored Bitcoin’s movement in response.
Typically, strong volatility occurs before a major trend begins.
Bitcoin was also showing significant volatility at the time.
So we concluded: “Let’s maintain a bullish stance, but do not be fully convinced until the previous high of 2,587 USDT is clearly broken upward.”
And by the time this post is published, we’ve confirmed that the price has indeed broken above 2,587 USDT.
Therefore, I have come to the conclusion that the bullish trend is still valid.
Based on this, I present the following three target levels.
🎯 SeoVereign’s Ethereum Bullish Targets
1st Target: 3,000 USDT
2nd Target: 3,400 USDT
3rd Target: 3,700 USDT
The market still shows strong volatility.
I sincerely hope you all trade wisely and calmly, achieving great returns,
and may great fortune be with you both in trading and in life.
I’ll see you again in the next daily analysis.
Thank you.
- SeoVereign
Amara Raja Energy & Mobility Limited Trend Reversal On ChartAmara Raja Energy & Mobility Limited, a flagship company of the group, is India’s largest manufacturer of automotive and industrial batteries. The company also produces Li-ion cells and battery packs for electric vehicles and the telecom industry.
At current price it looks very attractive for short term gains .
Short term target may show Up move to 1100 levels and initial support at 996
long term target intact 1700-1860 levels.
BITCOIN Free Signal! Sell!
Hello,Traders!
BITCOIN keep growing in a
Strong uptrend but the price
Will soon hit an an all-time-high
Price around 109,400$ which
Is also a resistance from where
We can go short with the
Take Profit of 103,900$
And the Stop Loss of 109,739$
Sell!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USDCHF | 21.05.2025BUY 0.82200 | STOP 0.81000 | TAKE 0.83800 | Constructively, the price of this pair is testing a local decline, but it is likely that the price will not be able to seriously consolidate under the level of 0.82000. Based on the chart indicators, a price reversal towards 0.83800 and further confident upward movement after correction near the medium-term lows of this year is likely.
Proxy to growing industry - INFRAGood growing co. YOY. They are also diversifying their revenue with defence contracts and exports.
As a short term indicator, with good monsoon expected, their tractor sales should also get benefits of tailwinds.
Overall, favourable risk to reward ratio. Downside should provide opportunity for further averaging.
GOLD Will Keep Growing! Buy!
Hello,Traders!
GOLD is trading in a strong
Uptrend and the price made
A bullish breakout of the key
Horizontal level around 3255$
And the breakout is confrined
So after a potential local
Pullback we will be expecting
A further bullish continuation
Buy!
Comment and subscribe to help us grow!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
[INTRADAY] #BANKNIFTY PE & CE Levels(21/05/2025)Today will be flat opening expected in banknifty. After opening if banknifty starts trading below 54950 level then possible further downside upto 54550 level in today's session. Upside movement expected if banknifty starts trading and sustain above 55050 level. Upside 55450 level will act as a strong resistance for today's session. Any bullish side rally can be reversal from this level.
SHIB – Long Here, Aiming for 50% Upside
Time to go long on CRYPTOCAP:SHIB and ride this wave.
Doesn't look like it's going much lower—I was hoping to grab some a bit deeper into the green zone, but that might’ve been too picky.
Stepping in with a decent-sized position here. Will add more if it dips.
Planning to hold through June, market conditions permitting. First target: +50%.
BINANCE:SHIBUSDT
USDJPY InsightGreetings to all subscribers!
Please feel free to share your personal opinions in the comments. Don't forget to like and subscribe!
Key Points
- Regarding the ceasefire, Ukraine is calling for a summit while Russia is demanding a memorandum outlining the principles and timeline for resolution, leading to a stalemate.
- The Reserve Bank of Australia cut its benchmark interest rate by 25 basis points from 4.10% to 3.85%. Governor Michele Bullock revealed that a 50bp cut was also discussed during the monetary policy meeting.
- Concerns over the U.S. fiscal deficit have intensified, pushing Treasury yields higher, as the tax-cut-inclusive budget is unlikely to pass in this week’s plenary session due to political disagreements.
Key Economic Events This Week
+ May 21: UK April Consumer Price Index
+ May 22: U.S. May Manufacturing PMI, U.S. May Services PMI
+ May 23: Germany Q1 GDP
USDJPY Chart Analysis
The USDJPY surged near the 149 level but reversed direction and fell to the 144 level. However, with a support line forming around 144, the pair is expected to regain upward momentum from this point. If the rebound scenario plays out, a rise toward the 151 level is anticipated. That said, if the 144 level is broken, there is potential for a further drop to the 140 level, so this alternative scenario should also be considered.
EURUSD-M15-SHORTThe price has reached a strong resistance zone, The Ichimoku Cloud also indicates overbought conditions, supporting a potential reversal. I’m targeting a move down to the support level at 1.12076, with a stop-loss above the recent high at 1.13000 for risk management. Let me know your thoughts!
EUR/USD 1H AnalysisWhat we’ve got here on EUR/USD looks like a clean Elliott Wave setup shaping up.
There’s a strong 5-wave move up that likely forms Wave 1, followed by a simple ABC correction — that gives us Wave 2.
Now price is reacting from that C point, and this could be the beginning of Wave 3, which is usually the most powerful part of the trend.
🟩 Entry Zone: 1.114 – 1.12
🎯 TP: 1.14
🛑 SL: 1.109
⚖️ Risk/Reward Ratio: 1:3
💡 Note: Always manage your risk and confirm with your own analysis before entering any trade.
Keep an eye on it — could be a solid setup if it confirms. Drop your thoughts if you're trading this too 👇
NVIDIA Breaks Out - Is a Bigger Rally Coming?NVIDIA Breaks Out - Is a Bigger Rally Coming?
NVIDIA has broken out of a bullish triangle pattern, signaling that it might be ready to climb higher. In my view, the bottom was reached at 86.00, as even market pressures from Trump couldn't push it down further.
NVIDIA seems to be waiting for more details on the US-China trade deal before making a stronger upward move.
If positive developments emerge, it could trigger a bigger bullish wave, lifting the stock even higher.
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❤️