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GBP/JPY - Can we test previous resistance?GBP/JPY Potential Sell? 📉 1️⃣ Strong Resistance Rejection & Bearish Indicators GBP/JPY is facing strong rejection from the key resistance zone at 194.800-194.300, where sellers have historically shown strong interest. MACD Bearish Crossover suggests increasing downside momentum. RSI Pullback from Overbought indicates reduced buying pressure and a possible reversal. 2️⃣ UK Economic Uncertainty UK GDP growth is forecasted to stagnate at 0.2% in Q2 2025, signaling a sluggish economy. Inflation remains stubbornly high, increasing pressure on the Bank of England (BoE) to maintain restrictive monetary policies. Consumer confidence is weakening, adding further weight to bearish sentiment for GBP. 3️⃣ Technical Setup Aligns with the Short Trade Key Resistance Holding: 193.100-192.050 area remains a formidable barrier. Bearish Divergence on MACD and RSI indicates weakening bullish momentum. Entry: 194.421 Target: 193.100 SL: 195.500
Short
by DG55Capital
EUR/USD Technical Analysis – Potential Reversal SetupThe EUR/USD 1-hour chart displays a recent downtrend with a series of lower highs and lower lows, forming a bearish market structure. The Harmonic patterns such as the Bat suggest potential areas of reversal, aligning with Fibonacci retracement levels. A Change of Character (ChoCh) at the latest low (XA 0.7872) signals a possible shift in trend. The presence of bullish reaction points, marked by green triangles and yellow circles, suggests buying pressure is increasing. Additionally, the projected upward trendlines indicate possible price targets at 1.08476 (T1) and 1.08885 (T2) . The oscillators at the bottom indicate oversold conditions, reinforcing the likelihood of a bullish correction. However, confirmation via price action and volume is necessary before entering long positions. A break above key resistance levels would further validate the upside potential.
Long
by BeaucoupPips
EURUSD consolidation ahead of US & EU tariff discussion Trend Overview:The EUR/USD currency pair remains in a bullish trend, supported by a prevailing uptrend. The recent intraday price action suggests a corrective pullback towards a newly formed support zone, previously a resistance level. Key Levels to Watch: Support Levels: 1.0755 – Previous resistance turned support, key level for potential bounce. 1.0700 – Secondary support level if 1.0755 fails. 1.0600 – Stronger support in case of extended retracement. Resistance Levels: 1.0914 – Initial resistance level on the upside. 1.1013 – Next target if bullish momentum continues. 1.1070 – Long-term resistance and key breakout point. Market Sentiment & Price Action:The recent corrective pullback aligns with normal market fluctuations within an uptrend. A bullish bounce from the 1.0755 support level could trigger an upside move, targeting the 1.0914 resistance level and potentially extending towards 1.1013 and 1.1070 over a longer timeframe. Alternatively, a confirmed loss of the 1.0755 support, accompanied by a daily close below this level, would weaken the bullish outlook. This could lead to further downside pressure, potentially testing the 1.0700 level, with an extended decline towards 1.0600 if selling pressure intensifies. Conclusion:The EUR/USD pair remains in a bullish structure as long as the 1.0755 support holds. A successful bounce from this level would reinforce the uptrend, targeting higher resistance zones. However, a decisive break below 1.0755 and a daily close under this level could shift sentiment bearish, leading to further downside retracement. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EUR/CAD Forex Bank Heist Plan (Day / Swing Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/CAD "Euro vs Loonie" Forex Bank. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the breakout (1.54200) then make your move - Bearish profits await!" however I advise placing Sell Stop Orders below the breakout MA or Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. I Highly recommended you to put alert in your chart. Stop Loss 🛑: Thief SL placed at 1.56000 (swing / Day Trade Basis) Using the 2H period, the recent / swing high or low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1.51600 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. EUR/CAD "Euro vs Loonie" Forex Bank Heist Plan (Scalping / Day Trade) is currently experiencing a bearishness,., driven by several key factors. 📰🗞️Get & Read the Fundamental, Macro, COT Report, On Chain Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check 👉👉👉 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader
The Day Ahead Tuesday March 25 Data: US March Conference Board consumer confidence index, Richmond Fed manufacturing index, business conditions, Philadelphia Fed non-manufacturing activity, January FHFA house price index, February new home sales, China 1-yr MLF rate, Japan February PPI services, Germany March Ifo survey, EU27 February new car registrations Central banks: Fed’s Williams and Kugler speak, ECB's Kazimir, Nagel, Holzmann and Vujcic speak Auctions: US 2-yr Notes This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Trade long Setup Based on Falling Wedge Breakout Trade Setup Based on Falling Wedge Breakout Entry: Price: 1.07992 (current breakout level) Confirmation: Breakout from the falling wedge, supported by EMA alignment Stop Loss (SL): Technical SL: Below recent swing low Levels: 1.07392 (60 pips below entry) 1.0720 (below key support for extra safety) Target Price (TP): Approx. 1.09300 (measured move from wedge breakout) Risk-to-Reward: ~1:2.5 1. RSI (Relative Strength Index) If RSI is below 30, the market is oversold, increasing the chances of a bullish reversal. If RSI is above 50 after the breakout, it confirms bullish momentum. 2. Fibonacci Retracement Levels Measuring from the previous swing high to swing low, key levels to watch: 38.2% (1.0850) – First resistance 50% (1.0875) – Stronger confirmation
Long
by TradingStar090
USD/JPY H4 | Falling to pullback supportUSD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 149.97 which is a pullback support that aligns with a confluence of Fibonacci levels i.e. the 23.6% and 38.2% retracements. Stop loss is at 149.10 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement. Take profit is at 151.17 which is an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM