By utilizing Fibonacci retracement levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bearish sentiment prevails.
GBPCHF is testing a key resistance cum support zone that aligns with the dynamic support of the ascending parallel channel. We can expect bullish reaction from this support zone. Price is consolidating at this zone for some time which may mean that accumulation is taking place.
⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) enter a phase of bullish consolidation near their record high, as traders take a cautious stance ahead of the highly anticipated Federal Open Market Committee (FOMC) policy decision on Wednesday. The consensus widely expects the Federal Reserve (Fed) to maintain the federal funds rate within its current range of 4.25% to 4.50%. Consequently, market attention will be centered on the Fed’s updated economic projections and Chair Jerome Powell’s post-meeting remarks, which could offer crucial insights into the future trajectory of interest rate cuts. These developments will be instrumental in shaping US Dollar (USD) movements and influencing gold’s next directional move. ⭐️Personal comments NOVA: continue to grow, long term uptrend ⭐️SET UP GOLD PRICE: ?SELL GOLD zone: $3058 - $3060 SL $3065 TP1: $3050 TP2: $3040 TP3: $3030 ?SELL GOLD zone: $3044 - $3046 SL $3049 TP1: $3040 TP2: $3030 TP3: $3020 ?BUY GOLD zone: $3004 - $3002 SL $2997 TP1: $3010 TP2: $3020 TP3: $3030 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
Alright, fam, let’s break this down. EUR/USD has been on a strong bullish run, pushing up to key weekly resistance at 1.0940. We’ve had a clean breakout of structure, with price consistently respecting the 21 EMA and staying above the 200-day moving average. Bulls have been in full control, but now we’re at a level where we need to watch closely—are we about to see a breakout continuation or a reversal? Right now, I’m watching 1.0940 - 1.0950 very closely. If price rejects this level with a strong bearish engulfing candle or wick rejections, we could see a pullback back to the 1.0710 level, possibly even lower to 1.0523. However, if buyers break and hold above 1.0950, then we’re looking at potential continuation toward 1.10+ in the coming days. ? Potential Trade Setup: SHORT if we reject 1.0940 with bearish confirmation; TP1: 1.0710, TP2: 1.0523. LONG if we break & close above 1.0950; TP1: 1.10+ ? Keep your eyes peeled, manage risk, and let’s see what price does next!
? Gold (XAU/USD) - 30M Chart Analysis ? Current Price: 3,035.505 ? Market Outlook: Bullish momentum but facing resistance ✅ Key Levels to Watch: ? Resistance Zone: 3,049.000 (Breakout level for further upside) ? Support Zones: 3,028.507 (First demand zone) 3,020.391 (Second demand zone) 3,005.130 - 3,002.162 (Major support) 2,981.562 - 2,978.333 (Critical support) ? Bullish Scenario: If price holds above 3,028.507, it may continue towards 3,049.000 A breakout above 3,049.000 could trigger further upside momentum ? Bearish Scenario: Failure to hold 3,028.507 could lead to a drop towards 3,020.391 If price falls below 3,005.130, bearish momentum may increase ⚡ Trade Idea: ? Sell below 3,028.507 targeting 3,020.391 with SL above 3,035.505 ? Buy above 3,028.507 targeting 3,049.000 with SL below 3,020.391 ? Risk Management: Always use stop-loss and proper risk-reward! #XAUUSD #GoldTrading #Forex #PriceAction #SupportResistance #SmartMoney #Liquidity #FXFOREVER
After analysing the US100 chart, the index has been trading within a downtrend channel since Friday, February 21, 2025. After dropping to 19,131, it attempted a recovery but faced strong resistance at 19,957, leading to a decline. As the saying goes, “ Follow the trend—the trend is your friend. ” Given the ongoing downtrend, US100 may continue to decline toward the next strong support level at 18,489. Ensure you adhere to proper risk management for long-term success. Happy Trading
https://www.tradingview.com/x/rsfJznkd/ HI,Traders ! EURCAD was trading in a Narrowing wedge pattern But now we are seeing a Bullish breakout so we Will be expecting a Further bullish move up ! Comment and subscribe to help us grow !
**Analysis of USD/JPY Chart** **Chart Pattern & Market Structure** - The chart identifies a **triangle chart pattern**, which often signals a potential breakout. - Price has been consolidating within this structure and recently **broke above the pattern**, indicating possible bullish momentum. **Key Technical Levels** - **Resistance Zone (~149.8 - 150.0):** Price is testing this area, which previously acted as a supply zone. A breakout above could open doors for higher levels. - **Support Zone (~148.5 - 149.0):** If price retraces, this area could act as a strong demand zone. - **EMA50 (~149.2):** Currently acting as a dynamic support, maintaining the bullish structure. **Potential Price Movement** - The chart suggests a possible pullback toward **support** before continuing higher toward the next resistance zone (~151.5 - 152.0). - If price breaks below the **support zone**, the uptrend could weaken, leading to a bearish scenario. **Trading Considerations** - A **successful breakout above resistance** (~150) could push price towards **152.0**. - A **rejection at resistance** might bring price back to **support (~148.5 - 149.0)** before another bullish attempt. - Traders should watch for **confirmation signals** (candlestick patterns, volume spikes) before entering trades. https://www.tradingview.com/x/UZg5vYzL/
I need swing traders from all the corners of the earth to assemble here. A huge opportunity is presented here by EURCAD. The trade is not active yet but keep this one on your watch list.
. 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