Hi, my name is Andrea Russo and I am a Forex Trader. Today I want to talk to you about an interesting trade on the NZD/JPY cross. I have currently decided to position myself in sale (short) on NZD/JPY at an entry price of 86,860, with a stop loss set at 87,840 and a target price of 84,190. I will explain my reasoning behind this choice and the technical and fundamental analyses that supported my decision. Technical Analysis Looking at the daily chart of NZD/JPY, I noticed a significant resistance in the area around 87,000, which in the past has repeatedly rejected attempts to increase the price. At the time of entry, the price was showing signs of weakness near the resistance, indicating to me an excellent opportunity for a short position. Furthermore, the RSI and MACD indicators were suggesting an overbought condition, reinforcing the possibility of an impending bearish move. From an Elliott wave perspective, the cross appears to be in a possible corrective wave, with room for further downside towards the target level of 84,190. Fundamental Analysis On the fundamental side, the New Zealand Dollar (NZD) looks vulnerable due to the recent economic slowdown in New Zealand, while the Japanese Yen (JPY) has shown signs of strengthening as a safe haven, especially amid global uncertainty. Monetary policies from respective central banks point to a possible tailwind in favor of the Yen, further increasing the bearish outlook for the NZD/JPY pair. Strategy My strategy involves: Short Price: 86,860 Stop Loss: 87,840 (to limit losses in case of contrary movements) Target Price: 84,190 (key support area, representing a reasonable level of profit). This trade is based on a balance between technical and fundamental analysis, with a favorable risk/reward ratio. Conclusion I remain alert for any news or market events that could affect the trade and adjust the strategy if necessary. Remember that Forex trading carries significant risks and is not suitable for all investors. I hope this analysis can be useful to you. Happy trading and may the pips be in your favor!
? 300 Days of Accumulation Above Key Support Zone ? Massive Bullish Breakout Confirmed (High Probability Setup) ? Reclaiming Major Resistance Levels & Entering Price Discovery Mode ? Targets: ? Short-Term: $222.90 ? Mid-Term: $316.01 ? Long-Term: Higher price discovery potential ? If you are not longing #SOL at these levels, you are missing out on a golden opportunity! ??
Wednesday March 19 Data: US January total net TIC flows, Japan January capacity utilisation, Eurozone Q4 labour costs, New Zealand Q4 GDP Central banks: Fed’s decision, BoJ’s decision, ECB’s Villeroy, Centeno, Guindos and Elderson speak Earnings: Vonovia, Tencent, Ping An Insurance, General Mills 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.
The EUR/JPY 4-hour chart presents a compelling bullish breakout setup following a structured downtrend. The market recently broke through a significant resistance zone, indicating potential further upside movement. This analysis outlines key price levels, market structure, and an actionable trading plan. ? Market Structure Overview ? Downtrend Reversal: The price was previously trading within a descending channel (highlighted in green), forming lower highs and lower lows. ? Support Confirmation : The price bounced from a strong support zone around 158.500 - 160.000, confirming buyers' interest in this region. ? Breakout & Retest : A strong bullish impulse broke through the 164.500 - 165.000 resistance zone, suggesting a shift in market sentiment. ? Key Trading Levels ? Support Zone: 158.500 - 160.000 This area previously acted as a demand zone where buyers aggressively pushed the price higher. It now serves as a safety net for long positions. ? Resistance Zone (Now Potential Support): 164.500 - 165.000 Price has broken above this level, but a retest could provide an ideal entry for confirmation. ? Next Major Resistance (Target Levels): TP1: 165.000 → A psychological level and previous resistance. TP2: 166.020 → A higher resistance zone where price may struggle to break through. ? Trading Plan – Long Setup ✅ Entry Confirmation: Wait for price to pull back to the 164.500 - 165.000 zone. Look for bullish candlestick patterns (e.g., pin bars, engulfing candles) to confirm buyers stepping in. ? Take Profit Targets: TP1: 165.000 (Initial resistance level) TP2: 166.020 (Potential extended bullish move) ? Stop Loss Strategy: Below 160.038 (Previous structure low & key support level) Ensures protection against potential fakeouts or trend reversals. ? Risk-Reward Ratio: Aiming for 2:1 or better risk-reward ratio for an optimal trade setup. ? Market Outlook & Conclusion ? The recent breakout above resistance suggests bullish momentum is strong. However, traders should be patient and wait for a pullback to enter at a better risk-reward level. If price successfully retests and holds above 164.500, there is a high probability of continuation towards 166.020. ? Trading Bias: Bullish – Until market structure shifts or a major rejection occurs at resistance. ? Final Trading Tip ? Patience is key! Don’t rush into a trade immediately after a breakout. Wait for confirmation, as false breakouts are common in volatile markets. A successful retest of the broken resistance will provide a low-risk, high-reward entry opportunity.
Last night I mentioned the possibility of a rise, resistance at 3050-3060, support at 3020 - 3010, if the first support is broken, it may continue to the second support at 3000 XAUUSD ? Buy@3020 - 3025 ? SL 3000 ? TP 3040 - 3500 XAUUSD ? Sell@3040 - 3045 ? SL 3050 ? TP 3020 - 3030 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad If you also aspire to achieve financial freedom，Follow the link below to get my daily strategy updates
https://www.tradingview.com/x/Qip5mEb6/ In my opinion the pwProfile (previous week profile) is not bullish. This looks a lot like shorts covering. Long term-holders are taking profits off their shorts. The recent uptrend left a big zone of singleprints behind which could get filled at some point. The context of the singleprints within a possible bearish profile rotation matches very well. Up here we are witnessing bracketing (consolidation) on decreasing volume in comparion to the uptrend caused by shorts covering. So far that´s not what bulls wanna see. Currently the 6th - 4 hr candle is rejecting the pwVAH. (previous weeky value area high). That isn´t acceptance, it is rejection. People do not see the pwVAH and prices above as fair. This was my original basis for a short trade from here. On Monday price has put a first potential swing high as "excess" above the pwVAH. This happened on decreasing volume, that´s why I am defining this as excess. A place where short-term buyers do not get accompanied by long-term buyers. That high got tested yesterday, but also on decreasing buying volume and price fell back below the pwVAH. After checking the local daily profiles with the help of TPO, we can see that during this bracketing time, daily profiles are overlapping, marking a potential end of the local uptrend. The whole TPO bracketing looks like "fading bracket extremes". Price is literally "hanging" at one extreme on decreasing volume, the pwVAH, defined by multiple days of overlapping values. If bulls want to claim this and pump higher, they need to close several 4 hr candles above the pwVAH, build volume with an increase of buyers. As long as this doesn´t happen, I am going for the short trade which is offering potential high reward and low risk. https://www.tradingview.com/x/mv65x7wC/
Elliott wave+ fib analysis. i do see currently we are experiencing the forming of the last bottom(3 more waves to go). NASDAQ:TSLA
US30 | Bullish Bias & FED Rate Decision Impact Dow Jones is showing bullish momentum as long as it trades above 41560, which is today’s main pivot level. The overall trend remains bullish unless key support levels break. Impact of the FED Rate Decision: If the FED keeps rates at 4.5% and Powell hints at rate cuts, the market could push higher. If Powell suggests no rush to lower rates, the market may face pressure, leading to a possible bearish shift. Technical Outlook: Above 41560 → Bullish continuation toward 41950, 42210, and 42380. Below 41560 → A drop to 41345, and if the price stabilizes below 41345, further downside toward 41030 is likely. Key Levels: Pivot: 41560 Resistance: 41950 | 42210 | 42380 Support: 41345 | 41030 | 40720
Hello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis ? ?This Chart includes_ (EURUSD market update) ?What is The Next Opportunity on EURUSD Market ?how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold zeigt auf Wochen-, Tages- und 4-Stunden-Ebene eine bullische Struktur, nach dem kontinuierlichen Preisanstieg sind jedoch Anzeichen einer Divergenz aufgetreten, die darauf hindeuten, dass die Aufwärtsdynamik nachlassen könnte. Gemessen am historischen Wachstum ist ein Bereich um 3040 ein wichtiges Risikogebiet, und das maximale Aufwärtspotenzial dürfte bei etwa 3080–3090 liegen. Wichtige Unterstützung und Widerstand: Supportbereich: 4-Stunden-Level: 3025, 3015 (extrem starke und schwache kritische Punkte). Tagesniveau: 3009, 2956 (Trendunterstützung). Widerstandsbereich: 3040–3050 (Hochrisikobereich), 3080–3090 (extremes Aufwärtsziel). Risikowarnung: Divergenzsignal: Der Preis weicht vom Indikator ab, was darauf hindeutet, dass die Aufwärtsdynamik nachlassen könnte. Beschleunigung zum Höhepunkt: Der aktuelle Trend könnte in die Phase der Beschleunigung zum Höhepunkt eintreten und wir müssen hinsichtlich des Risikos einer scharfen Korrektur wachsam sein. Kernpunkt: 3015 ist der heutige Schlüsselpunkt für Stärke und Schwäche. Ein Unterschreiten dieses Punktes kann weitere Korrekturen auslösen. Bedienungsvorschläge: Langfristige Strategie: Gehen Sie bei einem Rückgang long: Wenn der Goldpreis auf etwa 3015 zurückfällt und nicht effektiv darunter fällt, können Sie versuchen, long zu gehen, mit dem Ziel bei 3030-3040, und den Stop-Loss unter 3010 setzen. Vorsicht beim Eingehen von Long-Positionen: Der aktuelle Kurs befindet sich in einem Hochrisikobereich. Seien Sie daher beim Eingehen von Long-Positionen vorsichtig. Es wird empfohlen, mit einer geringen Position zu agieren. Leerverkaufsstrategie: Short bei Erholung: Wenn der Goldpreis wieder in den Bereich 3040–3050 steigt, können Sie einen Short versuchen, wobei das Ziel bei 3025–3015 liegt und der Stop-Loss über 3055 liegt. Leerverkäufe bei Preisverfall: Wenn der Goldpreis tatsächlich unter 3015 fällt, können Sie Leerverkäufe mit dem Ziel bei 3000 versuchen und den Stop-Loss über 3020 festlegen. Gold befindet sich derzeit in einem starken Aufwärtstrend, der Preis ist jedoch in einen Hochrisikobereich geraten und wir müssen uns vor dem Risiko technischer Rückschläge in Acht nehmen. In operativer Hinsicht besteht der Hauptansatz darin, bei Rückzügen Long-Positionen einzugehen und bei Erholungen Short-Positionen einzugehen, wobei auf die Schlüsselunterstützung von 3015 und den Widerstandsbereich von 3040-3050 geachtet werden muss. Wenn der Preis unter 3.015 fällt, könnte der Goldpreis eine Anpassung vornehmen, wobei das Ziel bei 3.000 oder sogar 2.955 liegen würde.