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AB=CD

Another AB=CD formation for the S&P 500?Following a low of 4,835 on 7 April – which touched gloves with an ‘alternate’ AB=CD support (1.272% Fibonacci projection ratio) at 4,983 – the S&P 500 index is on course to pencil in an ‘equal’ AB=CD resistance (100% projection ratio) at 5,746. Notably, the 5,746 level is accommodated by a 1.618% Fibonacci projection ratio at 5,718, as well as a nearby 61.8% Fibonacci retracement ratio at 5,652. Also of technical relevance, the market index has completed the dreaded ‘Death Cross’, which is the 50-day SMA at 5,645 crossing below the 200-day SMA at 5,746 (converges with the above-noted resistance zone), and suggests that a longer-term downtrend could be on the cards.
SP:SPXShort
by FP Markets
#EURUSD: 1545+ PIPS Swing Sell Idea Concept! Comment Your Views!Hey there everyone! 👋 I’ve got some insights into the EURUSD currency pair. It’s been on a wild ride lately, with the USD taking a nosedive. But guess what? The EURUSD is on a bullish streak and it’s not stopping anytime soon, and it is very likely it will reach our entry point. Now, I know what you’re thinking. “Is this a good time to jump in?” Well, let me tell you, it’s all about your risk tolerance. We’ve identified three potential entry points for the EURUSD pair, so you can decide if it’s time to make a move. 📈 Remember, trading involves risks, so it’s important to be cautious and stick to your risk management plan. 🛡️ Good luck with your trading journey 😊 Much Love❤️ Team Setupsfx_
Short
by Setupsfx_
20
#GBPUSD: Massive Swing Sell Is In Making 1200+ Pips Worth? **FX:GBPUSD Price Analysis** GBPUSD price has recently experienced an overbought condition, primarily due to the significant decline of the DXY index. This decline can be attributed to the ongoing trade dispute between China and the United States, which has resulted in a drop in the DXY index to its lowest point in the past eighteen months. Conversely, the GBP has gained strength due to positive economic indicators indicating robust growth in the United Kingdom. This has made the GBP more attractive to investors. The FX:GBPUSD price is expected to continue its upward trend and potentially reach the 1.35 level. However, it is also possible for the price to reverse its direction from this point. **Targets:** If the trade is activated, three targets have been set for the FX:GBPUSD price. These targets can be adjusted based on your own analysis and trading strategy. We extend our sincere gratitude for your unwavering support and well wishes. Best regards, Team Setupsfx_
Short
by Setupsfx_
20
#USDCAD: We took the Swing Sell, Now let's focus on Swing Buy! The USD/CAD exchange rate experienced a significant decline, reaching its all-time high against the USD. This decline is primarily attributed to the ongoing trade dispute between China and the United States, which has led to a depreciation of the USD and resulted in a yearly low. However, we anticipate a potential reversal in the price trajectory. We identify a favourable area where the price may stabilise and address the liquidity gap it has created. We have established three targets, and to effectively utilise these targets, we recommend executing small entries with each target set based on a predetermined take-profit level. We extend our sincere gratitude for your unwavering support throughout this journey within this community. Additionally, we appreciate the contributions of each individual who has supported our endeavours. We are pleased to announce that we have garnered 20,000 followers. Much Love, Team Setupsfx_ ❤️🚀
Long
by Setupsfx_
12
#USDCAD: Two Big Target Accumulating of 800+ Pips! **USDCAD ** Following the US President’s decision to impose a 25% tariff rate on Canada, the USD/CAD exchange rate experienced a significant surge, reaching approximately 1.49. However, as the market has stabilised, we anticipate a gradual decline in the exchange rate, which may help bridge the liquidity gap. Two prominent red lines serve as potential entry and stop-loss points. Additionally, two designated targets are set as swing take-profit areas. We appreciate your unwavering support. Should you have any inquiries regarding the strategy or any trading-related questions, please do not hesitate to provide feedback. Team Setupsfx_
Short
by Setupsfx_
7
#USDJPY:1351+ Bullish Move One Not To Miss| Three TPs| JPY has been bullish since the dollar strengthened, potentially leading to a trade war that would make the Japanese yen more valuable to global investors. However, we may see a strong correction on all XXXJPY pairs, potentially returning stronger with a major bullish correction. We’re not sure if the price will hit all three take profit zones, but we’re interested in how far it goes. Use accurate risk management. This analysis is purely for educational purposes only. Use your own knowledge and analysis before taking any entries. Team Setupsfx_
Long
by Setupsfx_
25
S&P 500 Long Term Bullish ContinuationWith the current uncertainty regarding the global economy and fears of recession, VANTAGE:SP500 has already dropped approx. 20% in the last few weeks. However, currently price has retraced to the long term support trend line which perfectly aligns with the 2020 top, turning it into an attractive S&R level where price could find support. Even if price does not find support here, current market price is still a very good accumulation area for long term buyers and investors!
VANTAGE:SP500Long
by Tempo_Trades
#AUDCAD: Using 1-Day Time Frame For Intraday Entry! We have been closely monitoring the AUDCAD currency pair for an extended period and believe that selling AUDCAD at the current market conditions presents a more favourable opportunity with a sufficient number of sellers. However, we must acknowledge that we need to wait for the price to approach our entry zone, which will allow us to execute a sell entry with strict risk management. This analysis has identified a single target. We extend our best wishes for your success and encourage you to provide support by liking and commenting on the idea. Team Setupsfx_
Short
by Setupsfx_
12