EURUSD formed the first 4H Death Cross in 4 months.The Double Top on EURUSD last time we mentioned it (September 23, see chart below) worked perfectly and followed its technical bearish bias as not only did the price got rejected but also broke below the 1D MA50 (blue trend-line) and marginally the bottom (Higher Lows trend-line) of the May's Channel Up:
At the same time, the pair just completed its first Death Cross on the 4H time-frame in almost 4 months (since June 14) and every time in the past 2 and more years (except June 14) that it made that formation, it gave a solid medium-term (at least) sell signal.
As a result, there is no reason to diverge from the 1.08350 bearish Target, which as with the February 14 Low, it is on the 0.618 Fibonacci retracement level.
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USD
Potential bullish rise off overlap support?NZD/USD is reacting off the support level which is an overlap support and could rise from this level top our take profit.
Entry: 0.6156
Why we like it:
There is an overlap support level.
Stop loss: 0.6122
Why we like it:
There is a pullback support level.
Take profit: 0.6207
Why we like it:
There is a pullback resistance that is slightly above the 23.6% Fibonacci retracement.
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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.
SOLUSDT - Long Trade IdeaThis seems like a nice long opportunity on SOLUSDT perpetual contract pair.
The trade will be within the range of price moving from a weekly BISI to a weekly SIBI coupled with relative equal high liquidity.
I am anticipating a daily retracement lower, although it may not go as low as my entry. Either way, I am more interested in the trade idea panning out, and can always look for a refined entry if price is indicating that it is not coming to my entry.
SL below the last expansion low that reached into nested weekly PD Arrays.
- R2F
Bearish reversal off major overlap resistance?The Aussie (AUD/USD) is falling towards the pivot which is an overlap resistance and could reverse to the 1st support level which has been identified as an overlap support.
Pivot: 0.6822
1st Support: 0.6749
1st Resistance: 0.6867
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.
Pullback resistance ahead for the Loonie?The price is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which is an overlap support.
Pivot: 1.3616
1st Support: 1.3543
1st Resistance: 1.3688
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.
Bullish momentum to extend?USD/JPY is falling towards the pivot which has acts as a pullback support and could reverse to the 1st resistance which has been identified as a pullback resistance.
Pivot: 147.15
1st Support: 145.81
1st Resistance: 149.39
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.
Potential bullish rise?The Cable has reacted off the pivot which has been identified as an overlap support and could rise to the 50% Fibonacci resistance.
Pivot: 1.3101
1st Support: 1.2947
1st Resistance: 1.3237
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.
Bullish bounce?The Fiber (EUR/USD is falling towards the pivot and could reverse to the 1st resistance which has been identified as a pullback resistance.
Pivot: 1.0943
1st Support: 1.0894
1st Resistance: 1.1003
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.
US30 TO NEW ATH OF $43,050 (UPDATE)US30 is up another 1% in profit since our update yesterday. Market is extremely bullish, but it is also very close to our final target of $43,050😍
If the weekly candle closes with a huge wick or shows any sign of bearish sentiment, I will look to close out my entire position & call it a wrap with our US30 investment! This has been a beautiful trade this past year & I hope you all made plenty of profits from this buy. I will let you know when I decide to close out this trade!
US30 TO NEW ATH OF $43,050 (2WK TF)🚀A friend of mine asked for me to analyse US30 as they were looking to add it into their investment portfolio, so I thought I'd share it for free with you all as well!
⭕️ Market Currently in Wave 5 (Impulse Wave).
⭕️ Negative Correlation to DXY, Which We're Bearish on Long Term.
⭕️ Last Rate Hike Expected by Federal Reserve, Which'll Push Up US30.
XAUUSD 6/10/24Gold for this week: We have price action consolidating, followed by a pullback from the area marked last week. This trajectory aligns with the ongoing upward trend, and we expect it to continue, aiming for the previous all-time high. We have already tapped into a demand zone, and liquidity remains at the base of the last low, as well as within the internal lows of the higher time frame range.
The principle here is that gold is overall bullish, based on strong fundamentals and a clear trend and structure. We expect this upward movement to continue, with our target set at the previous high. We are not anticipating a major pullback; however, since the market is currently driven by fundamentals, there is always a chance this could happen.
If a pullback occurs, we can look for liquidity below the previous low as an opportunity to go higher. If it breaks through, I would expect a longer-term period of selling off, but overall, we anticipate further upward expansions. In summary, keep it simple—follow the clear direction, which is bullish.
EURUSD 6/10/24Starting off the week with euro to the US dollar. I bearish bias came into play as we thought it might. we now have a longer term bearish outlook for this pair. We swept all of the liquidity that was based on the lower end of price action except for the low that we have marked which is relatively close to current price We have an area of supply to watch if we pull back to go lower. We also have a liquid high that's seated above that point. So take into consideration that we may break through the short term trajectory that we have made. this can give us a higher pullback to the upper higher time frame water block if this happens we are still expecting a short main bias here is for the area of supply to be tapped into in price action to sell to the low that we have marked.
Trade safe, stick to your plan and your risk.
HelenP. I Bitcoin, after breaks support level, can continue fallHi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price rose to the resistance level, which coincided with the resistance zone, and when it reached it, the price made a correction movement. Then BTC rose back and repeated movement down and then continued to grow next. In a short time, the price broke the resistance level and reached the trend line, which soon broke too, and tried to grow next. But BTC couldn't rise more, turned around, and started to decline. Soon, it broke the 64600 level, made a retest, and then fell to the trend line, after which continued to decline next near this line. Also, it tried to rise but failed and dropped more, until to my past goal (60K) in the past idea, breaking the trend line and even declining a little below the 60800 support level. Next, it rose back, breaking the trend line again, but a not long time ago fell back to the support level, and now trying to break it. So, I expect that BTCUSDT will break the support level, make a retest, and then continue to decline to the trend line. For this case, I set my goal at 58800 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
R2F Weekly Analysis - 6th October 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it!
- R2F
The direction likely set for usd to head higherHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
USD broke up higher ,potentially already formed a double bounce...has been up the whole of last week...could likely see pullback before heading higher.for now up side bias for USD
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Sell AUD/USD Triangle BreakoutThe AUD/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.6870
Target Levels:
1st Support – 0.6835
2nd Support – 0.6804
Stop-Loss: To manage risk, place a stop-loss order above 0.6916. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
USDCNY Brace for a cyclical 1-year sell-off.The USDCNY pair is almost on a 3-month decline after a Lower Highs rejection early in July. Having broken below its 1W MA50 (blue trend-line) the same month, which was the long-term Support, this Lower Highs is a standard cyclical top formation that has shown up both on the May 2020 and 2017 tops.
The similarities are more obvious on the 1W RSI, where the pair makes its cyclical bottom after a Higher Lows trend-line is formed on oversold territory and tops on the Lower Highs trend-line shown.
Right now it appears that we are just before it breaks downwards aggressively and attack the 1W MA200 (orange trend-line). The Sine Waves also give a great perspective of the frequency of those Cycle Bottoms.
As a result, we expect the pair to have reached by the end of 2025 the 10-year Higher Lows Zone. Our long-term Target is 6.500.
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Heading into 78.6% Fibonacci resistance?USO/USD is rising towards the resistance level that is an overlap resistance that aligns with the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 74.82
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
Stop loss: 77.44
Why we like it:
There is a pullback resistance level.
Take profit: 72.56
Why we like it:
There is an overlap support level which lines up with the 23.6% Fibonacci retracement.
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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.
Potential bullish rise?NZD/USD is reacting off the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension and could rise from this level to our take profit.
Entry: 0.6209
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension.
Stop loss: 0.6154
Why we like it:
There is an overlap support level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.6259
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.
Could the Fiber reverse from here?The price is reacting off the support level which is an overlap support and could reverse from this level to our take profit.
Entry: 1.1017
Why we like it:
There is an overlap support level.
Stop loss: 1.0955
Why we like it:
There is a pullback support level that is slightly above the 127.2% Fibonacci extension.
Take profit: 1.1080
Why we like it:
There is an overlap resistance level that is slightly below 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 an overlap support that aligns with the 78.6% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.3100
Why we like it:
There is an overlap support level that lines up with the 78.6% Fibonacci retracement.
Stop loss: 1.3007
Why we like it:
There is a pullback support level.
Take profit: 1.3230
Why we like it:
There is an overlap resistance level that aligns with 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.