Bearish drop off multi swing high resistance?AUD/USD has reacted off the resistance level which is a multi swing high resistance and could drop from this level to our take profit.
Entry: 0.6386
Why we like it:
There is a multi swing high resistance.
Stop loss: 0.6447
Why we like it:
There is an overlap resistance level.
Take profit: 0.6265
Why we like it:
There is a pullback support level that lines up with the 23.6% Fibonacci retracement.
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Forex market
Bearish drop?EUR/USD has reacted off the support level which is a pullback support and could drop from this level to our take profit.
Entry: 1.1304
Why we like it:
There is a pullback resistance level.
Stop loss: 1.1371
Why we like it:
There is a pullback resistance level.
Take profit: 1.1160
Why we like it:
There is a pullback support that is slightly below the 50% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (โVantage Global Limitedโ, โweโ) by a third-party provider (โEverest Fortune Groupโ). 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.
AUDCAD Buy Limit SetupDirection: Long (Buy)
Entry Type: Limit Order
Risk-to-Reward Ratio: 3.47
Technical Context:
AUDCAD has been developing a strong bullish trend structure with clean higher highs and higher lows. Price has recently broken out of a consolidation range and is now forming a potential continuation setup. The current entry targets a retest of the breakout zone, which overlaps with an area of previous accumulation.
Entry Level:
A Buy Limit order is placed at 0.88339, coinciding with the upper edge of the former consolidation and acting as newly established support.
Stop Loss:
Set at 0.88226, just below the base of the zone, to account for potential wick-based volatility while preserving structural integrity.
Take Profit:
The target is placed at 0.88731, corresponding with a minor resistance zone created by the previous local high, and yielding a favorable risk-to-reward ratio of approximately 3.47.
Trade Rationale:
This setup aims to participate in the continuation of a bullish trend after a textbook breakout and retest scenario. The entry zone is strategically selected based on both horizontal structure and breakout dynamics. A confirmation through RSI behavior supports the underlying momentum.
Notes:
This trade aligns with a broader strategy of scanning major and minor pairs for clear trending opportunities on the 1-hour timeframe, with precise entries executed through limit orders at structurally sound levels.
GBPUSD Will it continue to rise?Today, GBP/USD rose to 1.3238, reaching its highest level since October 3, 2024. In the early London market, it briefly touched a low of 1.3184 and then rebounded quickly.
The UK's inflation data for March will be released tomorrow. If the actual data meets or exceeds expectations, it will further enhance the market's expectations that the Bank of England will maintain its current monetary policy or adopt a tightening policy. As a result, the British pound will be supported, and the GBP/USD will be driven to rise.
GBPUSD trading strategy
buy @๏ผ1.31900-1.32100
sl 1.31300
tp 1.32550-1.32750
If my strategy is helpful to you, please give a thumbs-up for support. If you have different opinions, you can leave your thoughts in the comments. ๐๐๐
Lingrid | EURUSD bullish MOMENTUM Testing KEY Resistance LevelThe price perfectly fulfilled my previous idea . It reached the target zone. FX:EURUSD formed a massive bullish weekly candle, representing an impulse leg on lower timeframes. The market broke and closed above the 2023 high and is now testing the 2022 high. On the 1H timeframe, the market is likely to create an ABC pullback toward the support level and upward trendline. I think the price may continue moving sideways since consolidation phases typically follow impulse legs. If the price rejects the support level below, we can expect the market to move higher. This consolidation would be a natural breathing period after the strong upward movement before potentially continuing the bullish trend. My goal is resistance zone around 1.15000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ๐ฉโ๐ป
NZDCAD Buy Limit Setup
Timeframe: 15 minutes
Direction: Long (Buy)
Entry Type: Limit Order
Risk-to-Reward Ratio: 2.9
Technical Context:
The trade is based on a clean bullish structure following a strong upward impulse. The pair broke above a significant resistance zone, which has now been re-tested as potential support. This zone aligns with a prior consolidation area and serves as a key decision level.
Entry Level:
A Buy Limit order is placed at 0.82162, anticipating a retracement into the broken resistance-turned-support zone.
Stop Loss:
Placed just below the lower boundary of the structure at 0.82037, accounting for potential volatility while maintaining structural invalidation.
Take Profit:
Targeting 0.82463, aligning with the upper boundary of the previous range and offering a favorable risk-to-reward profile of 2.9.
Trade Rationale:
This setup is designed to capitalize on a pullback within a strong intraday uptrend, taking advantage of market structure shifts. By waiting for price to return to a high-probability zone, the entry maximizes precision and minimizes drawdown.
Notes:
This trade was considered only after a successful earlier setup, reinforcing the psychological discipline of not overtrading. The entry is conditionalโif price does not return to the desired level, the trade will be skipped, maintaining the quality-first approach.
Potential Breakout for a Long Opportunity
The price is currently consolidating within a defined range (marked by the purple box).
Anticipating a bullish breakout above this range to initiate a long position.
2. Entry Condition:
Enter a long trade only after retesting middle of box followed by the 4-hour candlestick closes decisively above the upper boundary of the purple box (approximately above 143.75 based on the chart).
AUDUSD Short Setup Based on DXY AnalysisHello traders!
After closely analyzing the Dollar Index (DXY), I've spotted a key development that has shaped my bearish bias on AUDUSD. The DXY recently broke below a higher timeframe low, rejecting strongly off the July 2023 low after sweeping liquidity on the Weekly chart. This kind of price action signals potential bullish momentum on the dollar in the coming days.
As a result, Iโm anticipating weakness across major USD pairs, AUDUSD, EURUSD, GBPUSD, and NZDUSD included.
Hereโs my trade setup for AUDUSD:
Entry: 0.63550
Target 1: 0.62748
Target 2: 0.62061
Target 3: 0.61506
Target 4: 0.60951
Stop Loss: 0.64020
Iโm expecting a move to the downside if the resistance level at 0.6355 continues to hold, especially with DXY looking primed for further upside.
๐ This idea is based on a combination of liquidity grabs, higher timeframe structure, and DXY confluence, a powerful trio when it comes to swing setups.
If this analysis resonates with your view or adds value to your trading, a boost would be greatly appreciated! ๐
Stay sharp and trade safe! ๐ฐ
DXY (Dollar Index) on Weekly Timeframe
EURUSD Daily, H4,H1 Forecasts, Technical Analysis & Trading Idea๐ก Daily Timeframe:
As forecasted by 4CastMachine AI last week, EURUSD was rejected from the channel line.
๐ก H4 Timeframe:
FX:EURUSD started a corrective wave,
This decline may continue, but the support area of โ1.1200 ~ 1.0890 could trigger a rebound.
This area, which was previously a major resistance, will become a major support, creating a good buying opportunity.
๐ก H1 Timeframe:
The Triangle pattern formed in the price has broken downwards.
The bearish wave is expected to continue as long as the price is below the strong resistance at 1.1334
1.1334 Support is broken now. It will act as a Resistance now!
๐ก H1 Forecast:
Correction wave toward the Sell Zone
Another Downward Impulse wave toward Lower TPs
H1 Trading Idea:
Sell now or wait for pullback and Sell on price rejection from 1.1334.
SL: Above 1.1334
__________________________________________________________________
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GBPJPY - Bullish Head & Shoulders PatternWalking you through a potential bullish head and shoulders pattern on the GBPJPY sharing with you 2 ways to tell if it's valid & where I would expect price to rally too if the pattern were to work out.
If you have any questions or comments about the setup (or anything else trading related) feel free to leave them below as i do go through and respond to each and every one.
Akil
EURUSD TRADE PLANS (BUY & SELL)๐ฅ EUR/USD TRADE PLAN
๐
Date: 15 April 2025
๐ Plan Type:
Dual-Sided Swing Plan
Buy Setup: Bullish Continuation from Demand
Sell Setup: Counter-Trend Reversal from Supply
๐ Bias:
๐ต Primary Bias: Bullish (HTF trend continuation)
๐ด Secondary Bias: Bearish (short-term exhaustion + liquidity grab)
๐ง Structure Observations:
Price has reacted off weekly supply near 1.1420+
Bearish engulfing confirmed on H4
Still bullish on HTF, unless 1.1180 breaks clean
Demand remains valid at prior breakout and imbalance zones
Volume support at breakout base (H4 OB region)
๐ข BUY PLAN โ BULLISH CONTINUATION
๐ฐ Confidence Levels:
๐ข Buy Plan โ Bullish Continuation
Confidence: โญโญโญโญ (80%)
โ
Reasons:
HTF uptrend still intact
Price respecting major demand zone structure
Clean reaction zones + recent bullish reaction wicks
๐ Entry Zones:
๐ฉ Primary Buy Zone: 1.1180 โ 1.1200
โ(FVG + H4 OB + H1 reaction point + 50 EMA region)
๐ Entry trigger: M15โH1 bullish engulfing or sweep-reclaim pattern
๐จ Secondary Buy Zone: 1.1110 โ 1.1135
โ(Deep demand + macro OB + previous resistance turned support)
๐ Entry only after liquidity sweep and reclaim on H1
โ Stop Loss:
Below 1.1090
โโ Clears all demand layers and invalidates bullish bias
๐ฏ Take Profits:
๐ฏ TP1: 1.1285 โ Reaction point & H1 imbalance top
๐ฏ TP2: 1.1340 โ Prior highs before supply zone
๐ฏ TP3: 1.1395 โ Supply edge retest / liquidity magnet
๐ด SELL PLAN โ REVERSAL FROM SUPPLY
๐ด Sell Plan โ Counter-Trend Reversal
Confidence: โญโญโญ (70%)
โ ๏ธ Reasons:
Near-term overextension visible from 1.14+ zone
Weekly supply unmitigated; wicks show rejection
Lower timeframes indicate momentum loss
But trend is still bullish overall (so more caution)
๐ Entry Zones:
๐ฅ Primary Sell Zone: 1.1340 โ 1.1385
โ(Weekly supply + wick fill + unmitigated imbalance)
๐ Confirmation: M15โH1 bearish divergence, exhaustion wick, or engulfing
๐ฅ Secondary Sell Zone: 1.1285 โ 1.1310
โ(Short-term supply pocket + FVG gap)
๐ Needs aggressive confirmation โ avoid early entry
โ Stop Loss:
Above 1.1405
โโ Invalidates supply and structure, breakout confirmed
๐ฏ Take Profits:
๐ฏ TP1: 1.1230 โ Intra-demand + mid FVG
๐ฏ TP2: 1.1180 โ Bullish entry zone
๐ฏ TP3: 1.1135 โ Final target at deep support zone
๐ RiskโReward Projection:
Buy Plan: Approx. 1:3.2 R:R
Sell Plan: Approx. 1:2.8 to 1:3.5 depending on execution
๐ Validity:
48 hours from plan release or upon break of SL levels on either side
๐ Fundamentals to Watch:
Upcoming Eurozone ZEW data + US retail sales
Fed rate sentiment remains dovish near-term
Watch bond yield volatility this week
๐ Final Summary:
EUR/USD is in a broader bullish structure but has now faced significant overhead supply. Short-term bearish pressure is visible, but structure remains intact unless 1.1090 is breached. Dual-plan allows traders to operate both edges with proper confirmation.
USD/JPY - What to expect as price consolidates above support?Introduction
The USD/JPY pair has been in a clear daily downtrend, marked by a bearish market structure and strong downside momentum. Sellers remain firmly in control, consistently driving prices lower as the pair respects the prevailing trend. Each failed recovery attempt only reinforces the bearish structure, suggesting that the path of least resistance continues to be to the downside.
FVG
Following the most recent drop, the pair is now consolidating just above a key support level. A short-term relief bounce toward the 4-hour Fair Value Gap (FVG) wouldn't be unexpected. This particular FVG, formed during the last leg down, remains unfilled โ and such gaps are often revisited before the trend resumes.
Confluences
Notably, this FVG aligns with the Golden Pocket Fibonacci retracement zone (0.618โ0.65), adding further confluence and making it a potentially strong resistance area. If price does retrace into this zone, it could face significant selling pressure and resume its move back toward the daily support zone.
Conclusion
While a bounce from daily support is possible, I expect USD/JPY to encounter resistance at the 4H FVG level. This could cap any recovery attempts and signal a continuation of the broader bearish trend.
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USD/CAD 1H Breaking Structure: The Start of a New Trend?Hi traders! Analyzing USD/CAD on the 1H timeframe, spotting a potential bullish reversal from a descending wedge pattern:
๐น Entry: 1.38846
๐น TP: 1.40286
๐น SL: 1.37692
Price is bouncing off the lower boundary of a falling wedge, showing signs of bullish divergence with RSI also turning upwards. The breakout of the descending structure may signal a trend reversal or at least a corrective move to the upside.
The RSI is recovering from the oversold region, reinforcing the idea of a possible bullish push. A break and close above the minor resistance zone could confirm the move towards higher levels.
Watching closely for momentum confirmation!
โ ๏ธ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
EUR/JPY Short Setup โ Bearish Reversal Targeting 161.134 with TiEMA 30 (red): Currently at 162.470
EMA 200 (blue): Currently at 162.071
Trade Setup:
Entry Point: Around 162.978
Stop Loss: Slightly above 163.016 (highlighted in purple zone)
Target (Take Profit): 161.134 (labeled as โEA TARGET POINTโ)
Analysis:
Trend: The pair has been trending upwards recently, as shown by the price staying above the 200 EMA.
Current Price: 162.604, just below the proposed entry.
Risk/Reward:
Risk: ~3.8 pips (entry to stop loss)
Reward: ~184.4 pips (entry to target)
This implies a favora