us100 looking weak us100 looking weak, expecting bearish rally towards descending trend line, and if it could not hold trend line, then we may see deeper correction in us100
M-forex
Gold may revisit 4,100 after strong buying pressureOANDA:XAUUSD is trading within a clearly defined ascending channel, with price action currently testing the upper boundary. This level could act as dynamic resistance, and a rejection here could trigger a pullback toward the support zone at 4,100.
If buyers can hold this support, the bullish structure will remain intact, with the potential to continue pushing towards higher levels. However, if price breaks below this area, a deeper correction toward the lower boundary of the channel could unfold.
Monitoring candlestick patterns and volume in this key area is crucial to identify buying opportunities. Risk should be managed appropriately, always confirming your setups and trading with proper risk management strategies.
If you have any thoughts on this setup or additional insights, feel free to share them in the comments!
EURCHF: Bearish Rally Continues 🇪🇺🇨🇭
EURCHF may drop lower following a confirmed breakout
of a major horizontal support cluster.
The closest historic support is 0.9275.
With a high probability, it will be reached soon.
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EURUSD Under Pressure as Fed’s Hawkish Stance PersistsHello everyone,
The EURUSD pair remains under notable pressure as the US dollar continues to gain support from expectations that the Federal Reserve will keep interest rates higher for longer. While the ECB has already tightened policy, sluggish growth and recession concerns are weighing on the euro’s ability to recover. Upcoming US macroeconomic data — particularly CPI and the jobs report — could be pivotal in determining whether the USD maintains its dominance in the coming weeks. At the same time, lingering geopolitical tensions are further fuelling demand for the greenback as a safe haven, adding additional downward pressure on EURUSD.
From a technical perspective, the pair continues to follow a clear short-term downtrend, with a consistent series of lower highs and lower lows. After touching the 1.1600 support zone, price shows a slight recovery, though the bullish momentum remains weak. Key Fair Value Gap (FVG) areas at 1.1610–1.1620 and 1.1650 serve as critical levels to watch — filling them could trigger a short-term rebound, while early rejection would likely extend the bearish move. The Ichimoku cloud structure also favours the downside, with span B acting as a near-term support around 1.1600. Should the price break below this level, the next target may fall toward 1.1550, which is a crucial bottom that might temporarily stall the decline.
Overall, EURUSD remains in a defensive position, with a higher probability of drifting lower toward 1.1550–1.1570 in the short term. Only a clear reversal pattern above the support zone could pave the way for a recovery toward 1.1650–1.1700. For now, sellers continue to dominate the market.
EUR/AUD - Bears in Control - Key Zones to WatchPrice is respecting the downtrend channel 📉 and sellers are showing strength near the Key Zone. If rejection holds, we could see fresh downside moves toward the marked support levels.
🎯 Targets:
1️⃣ 1.7700
2️⃣ 1.7650
👀 Watching closely for bearish continuation!
#EURAUD #FXSetup #ForexSignals
🔥 Support this idea with a LIKE 👍 & COMMENT 💬 Don’t forget to FOLLOW 🔔 for more setups daily.
⚠️ Disclaimer: This is not financial advice. Trade at your own risk and always do your own analysis.
GBP/AUD Sellers in Control | Key Supports Ahead📉 GBP/AUD Analysis 📉
The pair is trading inside a descending channel, showing continuous bearish pressure. Sellers remain in control, and price is respecting lower highs with potential continuation toward the marked Key Zones below.
🔑 Levels to Watch:
Resistance: 2.0450 – 2.0470
Support: 2.0280 / 2.0200
⚠️ If price breaks and holds below the mid-support, we could see a further slide toward the lower key zone.
#GBPAUD #ForexTrading #TechnicalAnalysis
✅ Support the idea with a LIKE 👍, COMMENT 💬, and FOLLOW 🔔 for more chart updates!
📌 Disclaimer:
This is an educational analysis only and not financial advice. Please do your own research before trading.
Gold Surges as Geopolitical Tensions Fuel Bullish MomentumHello everyone,
This week, macro factors are “adding fuel to the fire” for gold as both geopolitical risk and safe-haven flows converge on the precious metal.
News Context – Drivers of the Rally:
U.S.–China tensions escalated when the White House warned of a potential 100% tariff on Chinese goods, enforceable if negotiations stall. China responded by restricting rare-earth exports — a critical material in the global tech supply chain. As a result, geopolitical risk surged, boosting gold — the traditional safe haven.
Meanwhile, the ongoing U.S. government shutdown and lack of guiding economic data have left markets reacting mainly to geopolitical news and Fed commentary. Kitco surveys indicate investor sentiment has turned more neutral after gold surpassed $4,000: retail investors show signs of FOMO, while experts caution, “nothing rises indefinitely.”
In the long term, major institutions like Goldman Sachs remain bullish on gold, citing central bank net purchases and potential ETF inflows when the Fed moves into a clearer rate-cutting cycle.
Technical Analysis 4H – Uptrend Continues:
On the 4H chart, the Higher High – Higher Low structure remains intact, with prices above the Ichimoku cloud, reflecting a stable upward trend. Fair Value Gaps (FVGs) below act as “support steps,” allowing technical pullbacks without breaking the bullish momentum.
Short-term resistance is around $4,070–$4,080, near the recent peak and thin supply clusters, where temporary selling pressure may appear. Key support/FVG levels include $4,028–$4,035 (new FVG), followed by $4,010–$4,015 (old peak/lip breakout), and $3,995 — a structure level that repeatedly upheld the uptrend.
Overall, gold maintains strong bullish momentum, with FVG zones forming a base for technical pullbacks and continuation toward higher highs.
Gold has the potential to set a new highHey everyone, it's Kilian here!
Gold is at a very interesting phase right now. After experiencing a strong price surge within a parallel ascending channel, the market is now showing signs of consolidation at these high levels. This suggests that the buyers still have control, and the bullish momentum remains intact for now.
If the price manages to break through this area with a strong bullish candle and high volume, it will confirm the dominance of the buyers and open up the potential for a new rally towards the target around 4.130, which aligns with the upper boundary of the channel.
However, if the price fails to break through and is instead rejected by strong selling pressure, the appearance of a large bearish candle could signal that the upward momentum is weakening. In this scenario, the price may fall back to test the lower boundary of the channel.
Trader vs Gambler: Why Trading Isn’t GamblingThe Trader vs The Gambler: Why Trading Isn’t Gambling
“Trading is gambling.”
You’ve probably heard it before — from friends, family, or strangers who’ve seen a few flashy headlines, red charts, and crypto hype videos and decided: “It’s all luck.”
To most outsiders, the markets look like chaos — numbers flashing, candles flying, influencers shouting “BUY!” and “SELL!” as emotions run high.
It’s understandable that they think it’s all random chance.
But here’s the truth:
Trading can look like gambling when it’s done like gambling.
When done properly — with education, discipline, and structured risk — trading is a profession built on probability, process, and data.
What Trading Actually Is
Trading is the art and science of buying and selling assets — currencies, commodities, crypto, or stocks — to profit from price movements.
But unlike gambling, trading involves skill, timing, and measurable probabilities.
Professional traders don’t rely on hope — they rely on edges.
An edge is a repeatable setup or condition that statistically produces profits over time.
A real trader studies and uses:
- Price Action & Market Structure: Recognizing higher highs, liquidity zones, supply and demand, and where big players enter or exit.
- Technical Analysis : Tools like moving averages, Fibonacci retracements, volume profiles, VWAP, trendlines, and fair value gaps.
- Fundamental Analysis: Macro data, interest rates, inflation, earnings, tokenomics, project development, and regulatory events.
- Sentiment & Flow: Gauging crowd emotion, open interest, whale activity, and on-chain data.
- Risk Management: Strict position sizing, stop-loss placement, and capital preservation.
- Statistics & Journaling: Tracking setups, win rates, risk-to-reward, and performance over hundreds of trades.
- Discipline & Emotional Control: The ability to not trade when conditions aren’t right.
A trader doesn’t ask, “Will it go up?”
They ask, “If it goes up, what’s my risk? What’s my probability? What’s my plan if I’m wrong?”
That’s not gambling — that’s probability management.
What Gambling Actually Is
Gambling is risking money on an uncertain outcome without any control, edge, or process.
You rely purely on luck — a spin of a wheel, a flip of a card, a random move in a market you don’t understand.
The outcome is fixed against you. In a casino, the house always wins.
A gambler thinks emotionally:
“I have a feeling it’ll go up.”
“My mate said this coin’s going to explode.”
“I’ll double my bet to win it back.”
No analysis. No backtesting. No data. No control.
Just hope — the same force that keeps casinos rich and players broke.
When someone dumps $10,000 into a random altcoin because they saw a tweet or meme, that’s not trading — that’s emotional speculation.
They’re not following a plan; they’re following a crowd.
The Trader’s Mindset vs The Gambler’s Mindset
TRADER:
- Decision Basis: > Data probabilities, confluences
- Goal: > Consistent Long-term growth
- Risk Control: > Defined, Limited, Pre-set
- Emotional State: > Patient, Detached, Focused
- Reaction to loss: > Reviews plan, learns, adjusts
- Education: Studies psychology, risk, analysis
- Funding approach: > Scales up, uses funded accounts
GAMBLER:
- Decision basis:> Emotion, impulse, hype
- Goal: > Quick jackpot
- Risk control: > Undefined, often all-in
- Emotional state: > Fearful, greedy, erratic
- Reaction to loss : > Doubles down or quits
- Education: > Follows noise & influencers
- Funding approach: > Risks personal savings recklessly
A gambler sees “one trade” as the make-or-break moment.
A trader sees “one trade” as part of a thousand trades that define their edge.
Example: The Math of a Trader vs a Gambler
Trader:
Win rate: 55%
Risk-to-reward: 1:2
Risking 1% per trade
After 100 trades, they’re up roughly +55R - 45R = +10R (10% growth).
Their plan, consistency, and edge made it possible.
Gambler:
Win rate: Random, maybe 45%.
Risk-to-reward: 1:1 or worse.
Risking 10–20% per “bet.”
After a handful of losses, they’re wiped out.
There’s no math, no longevity — just emotional chaos.
This is why traders survive, gamblers vanish.
Why Trading Is Not Gambling
1. Trading Has Positive Expected Value (EV)
Gamblers play games with negative EV — odds mathematically stacked against them.
Traders create systems with positive EV by identifying patterns that statistically outperform random chance.
Example:
If your setup wins 55% of the time and earns twice what it risks, your long-term outcome will always be positive.
That’s not luck — that’s math.
2. Trading Has Risk Management
In gambling, you can lose everything on one hand.
In trading, you risk a small percentage per trade.
Professionals risk 0.5–2% of their account per setup.
That’s why they can lose 10 trades in a row and still be in the game.
Gamblers can’t — they blow up because they never manage risk.
3. Trading Uses Control and Data
You can’t “analyze” a roulette spin. You can’t manage risk at a blackjack table.
But in trading, you can backtest, strategize, and control your exposure.
Markets may be uncertain, but traders control their actions within that uncertainty.
Gambling has no such control — it’s fixed odds, rigged in favor of the house.
4. Trading Rewards Skill and Experience
The more you study, journal, and refine your process, the better you get.
No amount of practice makes you better at roulette — the wheel doesn’t care.
But trading rewards time, reflection, and discipline.
Skill matters. Patience matters. Data matters.
5. Trading Has Funding Opportunities
No casino will give you $50,000 to “gamble responsibly.”
But trading firms will give you a $50K, $100K, or $200K funded account — if you prove consistency and discipline.
Funded trading isn’t luck; it’s a business.
You’re rewarded not for profits alone, but for following rules:
- Max daily drawdown
- Overall drawdown limits
- Minimum trading days
- Profit targets
That’s structure — something gambling never has.
Why Use a Funded Account Instead of Your Own $50K?
Because professional trading is not about flexing capital — it’s about proving control.
Funded accounts are training grounds for serious traders:
- You trade with someone else’s capital.
- You’re held accountable to strict limits.
- You’re paid for consistency, not luck.
That’s professionalism.
Gambling is the opposite — no structure, no accountability, and no risk control.
A gambler risks $50K of their own money and hopes for a jackpot.
A trader risks 0.5% of a $50K funded account with a defined plan.
One burns out in a week.
The other builds a track record and earns a living.
The Reality Check: When Trading Does Become Gambling
Trading becomes gambling when:
- You trade without a plan.
- You follow hype or influencers blindly.
- You over-leverage.
- You revenge-trade.
- You skip journaling and analysis.
- You ignore stop losses.
The activity isn’t gambling — the mindset is.
A professional can take the same tool a gambler uses — the same chart, same exchange, same coin — and produce consistent returns, because their intent, process, and control are different.
Real-World Example
Two people open Bitcoin trades at $60,000.
- Trader A: Risks 1%, sets stop at $59,000, target $62,000. Reviews structure, confluences, and volume.
- Trader B: Risks 100% of his savings because “it’ll go up for sure.”
Same entry, same price.
One plays a game of probability, the other a game of hope.
One grows, one disappears.
The chart doesn’t decide who wins — their mindset does.
The Trader’s Mindset
A real trader thinks like a scientist:
- Hypothesis: If price rejects support and volume confirms, it may move up .
- Experiment: Enters small, stops defined.
- Result: Win or loss logged.
- Iteration: Reviews data, improves setup.
Gamblers don’t have hypotheses — they have feelings.
The trader’s mindset is structured:
- Plan before execution.
- Accept losses as data.
- Control risk religiously.
- Focus on consistency over excitement.
Detach emotionally from outcomes.
That’s why traders survive long-term while gamblers chase short-term highs.
“But Crypto Is Just Gambling!”
Crypto can look like gambling — because most people in it treat it like one.
They buy hype, ignore fundamentals, and chase every new shiny coin.
That’s not trading.
Real crypto traders:
- Study tokenomics, development teams, and market sentiment.
- Use technical levels and liquidity maps.
- Manage position sizes and hedge exposure.
- Treat it like a business, not a casino.
The asset class doesn’t make it gambling — your approach does.
Final Thoughts
Yes — both trading and gambling involve risk.
But risk ≠ gambling.
Risk, when managed correctly, equals opportunity .
The difference is control, process, and purpose.
A trader plays the long game with discipline and math.
A gambler plays for emotion and chance.
Anyone can click Buy.
But not everyone can manage risk, follow process, and think in probabilities.
So next time someone says:
“Trading is gambling.”
Show them this:
🎲 Gambling is random.
📊 Trading is calculated.
One depends on luck .
The other depends on discipline .
Thank you all so very much for reading this article, I enjoyed creating it and I hope it becomes of use too you.
If you have any requests on strategies, articles or would like charting done, drop a comment below.
My Trading Journey; A rough path of beautiful and sad momentsJust waked up from sleep at midnight while waiting for setup. I was bored and getting tired of waiting for setup which now looks like its taking eternity, so one question struck my mind 'HOW LONG HAVE YOU BEEN DOING THIS?'
My name is Erochukwu, a Nigerian that currently reside in Lagos.
I have been trading since for over two years and i first created account on Tradingview on June 16, 2023.
My trading journey have been filled with beautiful moments that I so much lasted longer, and some sad moments that nearly broke me, but in all these, one thing is sure, I can never quit, a promise I made to myself from the very first day I open my laptop and decided to pursue a career in trading.
In my next post I will be briefing how I started forex, who introduced me to forex trading, challenges I encountered and those I have overcome.
GBPJPY H1 | Bullish Bounce OffBased on the H1 chart analysis, we can see that the price has bounced off the buy entry, which is a pullback support, and could rise from this level to the upside.
Buy entry is at 202.81, which is a pullback support.
Stop loss is at 202.11, which is an overlap support.
Take profit is at 204.05, which is a pullback resistance that lines up with the 61.8% Fibonacci retracement.
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 (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% 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 (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USD/JPY: Bearish Bias Remains Despite 1-Hour Triangle Break RiskA small symmetrical triangle has formed on the 1-hour chart, suggesting an upside break could be pending. However, with the elongated bearish engulfing candle that appeared on Friday after an extended move, I suspect any rally from here may be limited.
Bears could look to fade into moves towards the 153 handle and maintain a bearish bias while prices remain beneath Friday’s high. The bias is for an eventual move down to the March high (151.30), near the weekly pivot point (151.14). A break beneath the 150.32 high would imply a deeper retracement for USD/JPY and bring the 150.00 handle and 150.33 high-volume node into focus.
Matt Simpson, Market Analyst at City Index and Forex.com.
Bullish momentum to extend?The Loonie (USD/CAD) has bounced off the pivot which is a pullback support, and could rise to the 1st resistance.
Pivot: 1.3028
1st Support: 1.4010
1st Resistance: 1.4070
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal off pullback resitance?USD/JPY is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support.
Pivot: 152.54
1st Support: 151.20
1st Resistance: 153.20
AUD/USD is rising towards the pivot, which is an overlap resistanceance and oculd reverse to the multi swing low support.
Pivot: 0.6551
1st Support: 0.6469
1st Resistance: 0.6619
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bearish continuation?The Kiwi (NZD/USD) has reacted off the pivot and could drop to the 1st support.
Pivot: 0.5756
1st Support: 0.5692
1st Resistance: 0.5804
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Heading into major resistance?AUD/USD is rising towards the pivot, which is an overlap resistance and oculd reverse to the multi swing low support.
Pivot: 0.6551
1st Support: 0.6469
1st Resistance: 0.6619
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce for the Cable?The Cable (GBP/USD) is falling towards the pivot, which is a pullback support that aligns with the 50% Fibonacci retracement and oculd bounce to the 1st resistance, which acts as an overlap resistance.
Pivot: 1.3312
1st Support: 1.3265
1st Resistance: 1.3419
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop off?The Fiber (EUR/USD) has rejected off the pivot and could drop to the 1st support.
Pivot: 1.1620
1st Support: 1.1455
1st Resistance: 1.1711
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce off?US Dollar Index (DXY) has bounced off the pivot which is an overlap support that lines up with the 38.2% Fibonacci retracement and could rise to the 1st resistance.
Pivot: 98.77
1st Support: 98.41
1st Resistance: 100.14
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBP/CAD 4HR Trendline Breakout Long Setup. Daily Continuation.I am going to be placing a trade once spread hour is over on the daily open on GBP/CAD to the upside.
Stoploss and take profit is provided.
I will be looking to trail my stoploss either at the 4HR or 8HR Lows as the trade progresses based on my own discretion.
Mostly likely will close the trade at the close of Tuesday daily candle if I feel this is the right decision to make.
AUDCHF FREE SIGNAL|SHORT|
✅AUDCHF retraced perfectly from the supply zone, confirming bearish order flow alignment. Price is now likely to target the next liquidity pool around 0.5210 for continuation.
—————————
Entry: 0.5238
Stop Loss: 0.5249
Take Profit: 0.5210
Time Frame: 2H.
—————————
SHORT🔥
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GBPNZD to continue in the upward move?GBPNZD - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 2.3350 will confirm the bullish momentum.
The measured move target is 2.3425.
We look to Buy at 2.3250 (stop at 2.3175)
Our profit targets will be 2.3400 and 2.3425
Resistance: 2.3350 / 2.3400 / 2.3425
Support: 2.3250 / 2.3200 / 2.3175
Risk Disclaimer
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AUDUSD: Bearish Move From Resistance Confirmed?! 🇦🇺🇺🇸
There is a high chance that AUDUSD will retrace
from the underlined blue resistance.
As a confirmation, I spotted a descending triangle pattern
on an hourly time frame.
I expect a bearish move to 0.6488 level.
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