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EURUSD - Stuck in Consolidation With Downside Bias[EURUSD has been trading inside a clear consolidation zone after an extended move higher, respecting both the upper and lower boundaries of the channel structure. Price action remains trapped within this range, with liquidity already taken from the upside during the recent sweep. Consolidation Dynamics The pair is currently caught in a sideways structure, compressing between resistance above and support below. We already had a perfect retest inside the fair value gap, and the reaction suggests that momentum is leaning toward the downside. Until price decisively breaks the channel, traders should treat this as a range-bound environment with strong respect for key levels. Bearish Scenarios Given that the liquidity grab on the upside of the range has already occurred, the likelihood of a downward move has increased. From here, price could drop directly from the current level to retest the channel line and the demand zone below. This would confirm the idea that buyers are struggling to push beyond the consolidation ceiling. Alternative Bullish Path It is still possible that price makes one more push higher into the red supply zone before reversing. If this happens, the move would likely serve as a final inducement before sellers step in, driving price back down into the bottom side of the channel where support and liquidity rest. Price Targets and Expectations In both scenarios, the lower boundary of the channel remains the key target area to watch. A clean retest of this level would align with previous reactions and could offer another potential base for continuation higher in the broader trend. Until then, the immediate expectation favors a move toward the downside. Conclusion EURUSD is consolidating with signs of weakness after the sweep of the highs, making a retracement toward the lower channel line the most probable outcome. Whether price drops directly from here or first taps into the red supply zone, the downside appears to be the more likely path in the short term. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ___________________________________ Thanks for your support! If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
Short
by TehThomas
63
NZD-CAD Local Pullback! Sell! Hello,Traders! NZD-CAD made a sharp Bullish move up and hit A horizontal resistance Of 0.8130 and the pair Failed to break the level So we are locally bearish Biased and we will be expecting A local bearish correction On Monday! Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
1
EUR-CAD Bullish Breakout! Buy! Hello,Traders! EUR-CAD is trading in a Strong uptrend and the Pair is made a bullish Breakout of the key Horizontal level of 1.6180 Which is now a support And as the breakout is Confirmed we will be Expecting a further bullish Continuation on Monday Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TopTradingSignals
1
Bitcoin - A Deep Sweep Setting Up the Next ExpansionBitcoin just swept the monthly low of August as well as the previous day’s low. This was a clear liquidity grab that lined up with today’s bullish momentum in the market. The strong reaction from this zone shows that buyers were waiting for these liquidity levels to get cleared before stepping in. Liquidity Sweep and Reaction The sweep was significant because it cleared out resting sell-side liquidity to the left. This kind of move usually sets the stage for a reversal, and the large impulse candle confirms strong demand stepping in. While some might see this as just a reaction to external events, the technical picture supports continuation higher. Immediate Target The first target is sitting around 117,000. This level lines up with short-term inefficiencies and is a logical magnet for price in the coming sessions. I expect this liquidity pool to be swept before any meaningful retracement. Retracement Expectation After hitting the first target, I anticipate a move back down to fill around 50% of the large green impulse candle. Big candles like this often retrace partially before continuing their main direction. That retracement will provide a cleaner structure and a chance for re-entries on lower timeframes. Higher-Timeframe Objective Once the retracement plays out, the bigger objective sits higher at the unmitigated 4H fair value gap around 120,500. This area remains untouched and is likely to act as a price magnet as the market seeks balance. Conclusion The sweep of key lows combined with the strong impulsive move is a bullish development. I expect price to first tag 117,000, then retrace into the large candle before resuming higher towards the 4H FVG. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ___________________________________ Thanks for your support! If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
TRADENATION:BTCUSDLong
by TehThomas
76
SMC Trading Basics. Liquidity Zones & How to Identify Them In the today's article, I will teach you the concept of liquidity zones and how to identify them properly, trading Forex, Gold, Crypto and Indexes. Simply put, a liquidity zone is a certain area on a price chart where a significant concentration of trading volumes occurred. Huge trading volumes signify the presence of big players: hedge funds, banks, etc... Correct identification of liquidity zones is essential for smart money trading, because such zones provide the safest and the most profitable trading opportunities. There are 3 common characteristics of a valid liquidity zone: 1. Huge volume spikes upon its test Take a look at the underlined blue area on USDCAD. We see sharp volume spikes when the market was testing that area. 2. Strong rejections from such an area with a formation of long wicks Look how the price reacts to the liquidity zone on USDJPY. We see multiple strong rejections from that. 3. Long consolidation within that zone Bitcoin was "standing" on a liquidity zone for more than 3 weeks, barely moving while trading volumes were quietly accumulating. 4. Multiple strong bullish or bearish reactions to that area Just look how many times the underlined area was respected by the buyers and by the sellers. That is a perfect example of a liquidity zone. To underline a liquidity zone properly, follow these simple rules: 1. If the price is ABOVE the liquidity zone, its lower boundary will be the lowest wick within that area and its upper boundary will be the lowest candle close. Such a liquidity zone will be called a demand area. Here is the example of drawing a liquidity zone on GBPUSD. The lower boundary of the zone is the lowest wick, while its upper boundary is the lowest candle close. 2. If the price is BELOW the liquidity zone, its upper boundary will be the highest wick within that area and its lower boundary will be the highest candle close. Such a liquidity zone will be called a supply area. Here is the liquidity zone that I identified on Gold following our rules. Remember, that you can identify liquidity zones on any time frame. However, the rule is that the higher is the time frame, the stronger is the liquidity zone. I prefer to analyze the liquidity zones on a daily time frame. Once you underlined liquidity zones, you should realize that within these areas, big players are expected to place their orders in the future. For that reason, after the tests of such areas, a strong bullish or bearish movements will be expected. Here is a huge liquidity zone that I spotted on GBPJPY. Look at a strong bearish movement that initiated after its test. Your task as a smart money trader will be to identify bullish or bearish confirmations and understand the intentions of big players. With experience, you will learn to recognize valid signals. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
11
SILVER Resistance Ahead! Sell! Hello,Traders! SILVER is trading in an Uptrend and Silver shot Up sharply today and it Is now locally overbought So after the retest of the Horizontal resistance above At 39.53$ from where we Will be expecting a local Bearish move down Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAGUSDShort
by TopTradingSignals
1