EURJPY: Test of Critical Demand Zone 🇪🇺🇯🇵
EURJPY is stuck on a major daily horizontal demand zone.
A recent breakout of a resistance line of a falling parallel channel
on an hourly time frame indicates an intraday strength of the buyers.
I will expect a pullback at least to 173.0 level.
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Trend Analysis
SEI — Triangle Pattern Breakout Ahead?SEI has been consolidating in a symmetrical triangle for the past 78 days, now reaching the apex, signaling that a big move is coming soon.
Price has been trading between two anchored VWAPs:
From the $0.13 low → acting as support (currently ~$0.27)
From the ATH → acting as resistance (currently ~$0.365)
The POC of the 280-day trading range sits at $0.287, a key pivot level to watch.
Support Confluence
Anchored VWAP (from $0.13 low): ~$0.27 (long entry zone already tested)
POC (280-day range): $0.287 → key stop-loss reference
Symmetrical triangle breakout retest: ~$0.33 → potential re-entry after breakout
Fib Speed Resistance Fan 0.618: ~$0.27 → reinforcing support at the anchored VWAP
Resistance Confluence
0.618 Fib retracement: $0.5044 → aligns with $0.5 key level
3B Market Cap resistance: ~$0.505
Fair Value Gap (FVG): sitting around $0.5
Trend-Based Fib Extension 1.0: $0.5 → major target confluence
🟢 Long Trade Setup
Entry Zone: Retest around $0.33 after breakout
Stop-Loss: Below $0.287 (POC), to be adjusted after seeing a clear reversal sign.
Target (TP): $0.50
Potential Gain: ~+50%
Timeframe: Could take ~1 month to play out
Technical Insight
SEI has been compressing for over two months, and volatility is about to expand.
The ideal entry at $0.27 (anchored VWAP support) has already triggered.
The next opportunity lies in a triangle breakout + retest around $0.33.
The $0.50 level stands out as a high-confluence target, combining Fib levels, market cap, FVG, and extension symmetry.
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ETHFI Squeeze: One Close Away From a Massive RallyCRYPTOCAP:ETHFI is coiling inside a tightening structure with higher lows forming consistently. The price is pressing against the upper resistance trendline.
If ETHFI manages to break and close above the marked zone, it could trigger a massive breakout move as trapped sellers get squeezed and fresh buyers step in.
Keep a close watch, this setup is building energy for its next big move.
DYOR, NFA
#PEACE
More update coming soon, stay tuned!
Bullish rise?The Loonie (USD/CAD) could fall to the pivot and bounce to the 1st resistance, which acts as a swing high resistance.
Pivot: 1.3828
1st Support: 1.3791
1st Resistance: 1.3918
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 at pullback resistance?The Swissie (USD/CHF) is rising toward the pivot, which acts as a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse to the 1st support.
Pivot: 0.8000
1st Support: 0.7944
1st Resistance: 0.8031
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.
Sonic might be joining the death coins (Final warning)Wanted to put this earlier but didn’t have time. The place I believe the correction move is about to end is in the range between 0.286–0.2905. That’s because this level holds a lot of liquidity — firstly, it’s under wicks, so it’s obvious that stop losses are placed slightly below.
Another point is that we have several important Fibonacci levels there, including 0.222, which closes the 0.314–0.222 area. There’s also an FVG on the 1D timeframe marking the upper side of the range. At the bottom, we can see the 0.5 level from the 1W wick, and the same case with the 1M wick, which makes this zone a strong confluence.
We should also keep in mind the triangle formation, which gives strong hope that this could be the last touch of the bottom before a huge pump. Last but not least, the lower VWAP is holding right in the middle of the red zone I drew.
P.S. Divergences are working in our favor if we stop there.
So the plan is to place 3 orders:
• one at the top,
• one in the middle,
• and the last one slightly below, around 0.284.
Stop-loss somewhere around 0.28.
If we break this area, I’ll be looking for shorts targeting a new ATL — from the SONIC chart, not FTM of course.
Let’s cross our fingers. I wouldn’t like to see SONIC drop below 0.25, but everything is possible, I guess.
Story IP price analysisThe price action of #IP suggests there may be room for another upward leg 🚀
Key question for OKX:IPUSDT :
▪️ Is momentum strong enough to push toward $15, $20, or even $28?
Market context: at a current price slightly above $10, the Story project is already valued at $3.1B market cap.
❓ Where do you see the next realistic target for IP?
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Gold Set for Action – Will Bulls Drive to $3,724?Hey traders, hope you’re all set for an exciting session!
Gold continues to trade smoothly inside a well-defined ascending channel, with price action respecting both the upper and lower boundaries. This shows that buyers are firmly in control and the bullish structure remains intact.
After clearing a key resistance, price is likely to come back for a retest. If that level holds as support, momentum could carry gold toward $3,724 and potentially beyond. But if it fails, we may see a pullback toward the lower end of the channel.
Stay sharp, wait for confirmation, and always keep your risk in check. Wishing you profitable and safe trades!
Gold – Still One of Wall Street’s Highest Conviction TradesGold – Still One of Wall Street’s Highest Conviction Trades
Almost every major Wall Street bank currently lists long Gold as one of their strongest conviction calls – and the reasoning makes sense. There are three fundamental drivers that continue to support the bullish case:
I. Persistent U.S. Inflation → Gold remains in strong demand as a hedge.
II. Potential Fed Rate Cuts → Likely USD weakness could further lift Gold due to its negative correlation .
III. Reserve Diversification → A gradual shift towards Gold as a USD alternative in global central bank and hedge fund portfolios.
I’m not typically a trend trader, nor do I trade Gold frequently (my focus is mean reversion in FX), but I do find these arguments compelling.
From a tactical perspective, I wouldn’t chase the current highs. Price recently broke out of a triangle formation, and the Williams %R is at levels that historically preceded pullbacks. If I had to establish exposure, I’d prefer to wait for a retracement into the 38.2%–61.8% Fibonacci zone, scaling in gradually with multiple small longs.
To be clear – I don’t see an attractive short setup here. But patience may offer better risk–reward on the long side.
What’s your view? Do you agree with the fundamental case, or do you see a different setup?
Stay safe & happy trading,
Meikel
SPX - 2 Month Bearish DivergenceHello Traders,
As shown you can see the two month bearish divergence on the index. My thoughts are it needs resolved soon than later and the inflation data coming up next could be the spark that finally gets it going.... We will find out tomorrow at 8:30 if the data comes in hot the market will not like that.. We could get a selloff in stocks and crypto on no other than 9-11 anniversary. Stay tunes and lets see if I nailed this one or not.
China50 intraday rallies continue to attract sellers.CHN50 - 24h expiry
Bespoke resistance is located at 15000.
15068 has been pivotal.
15045 has been pivotal.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
We look to Sell at 14975 (stop at 15095)
Our profit targets will be 14615 and 14545
Resistance: 14921 / 15068 / 15200
Support: 14756 / 14600 / 14447
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USD/JPY - Weak Support suggests breakoutHi all traders. Ive done a few breakdowns of this market now all following similar fundamentals.
Here is my conclusion:
Market is currently ranging. We are approaching a Strong 8H Supply zone facing close to a much tested Support.
Im looking for a strong rejection off this Supply into this support with enough pressure to make Bearish movements through this zone. Monthly Imbalance suggests Buyers are sitting lower so I will be aiming beyond this support.
Good luck to all and I follow me for more updates.
ES - September 10th - Daily Trade Plan September 10th - 5:45am EST -
Volatility should arrive with PPI & CPI today and tomorrow. I will not go into too much detail about my trade plan yesterday as you can read it under the (Related Publication Section). A couple of highlights, 6493 & 6505-08 have been 2 key levels so far this week. Why? Institutions have been buying at these levels and price has kept moving higher. As you know by now, my edge is buying after the Institutions and riding the wave higher. I do NOT short ES as I wait for short squeezes as a safer way to enter and ride the waves up in bull/bear markets. The past couple of days have been pretty boring price action. We have chopped retail investors up all week as price has ping ponged back and forth between my levels, but more importantly between 6493-6523. We finally broke out overnight and hit our first target of the week, which was also last week's high at 6544.
What is the plan for today? 8:30am, we have a big data report. I will not be trading before the report and will be waiting on price to settle out after the NYSE open. That is one of my rules on data & volatility events.
Overnight low was 6526 with the high being 6544. We have to remain bullish until proven otherwise, so the targets in green above are still in play this week. How do we get to those targets? Ideally, we get a big flush, scare retail traders, let them pile in short, flip the script, short squeeze and ride higher. If you have been trading ES for any length of time you know that if price is flushing, you get out the way. Do not be a hero and try to pick when price will reverse. Identify levels that have high probabilities, watch the reaction at that level, then enter based on your edge.
Key Support Levels - 6530, 6526, 6523, 6517, 6504-08, 6490
Key Resistance Levels - 6544, 6549, 6555, 6562, 6578+
The white trend line is the magnet above that I believe we are heading for at some point this week or into the Fed meeting next week.
After the PPI release and by 9am, we should have a good sense for what price is looking to do. Any flush of 6526 and reclaim should be a good level for a move higher. We could see price sell off all the way down to the white trend line around 6474 area, flush and then recover a level in blue to continue higher.
IF, price does flush 6490 and we are accelerating into it, I would be patient and wait to see what it does. While yesterday we flushed, recovered for a nice 50 point move higher, we might get a nice bounce, but liquidity continues to be taken each time we visit this level and when we do lose the level, I anticipate a multi-level loss.
IF, price can flush and reclaim the red or blue levels, those are always my highest quality spots I am looking to ride higher. The yellow levels are very important support and resistance levels that you can get reclaims of and move higher. They can also be choppy and harder to enter without a short time frame edge for entry. It is all based on your strategy, goals and edge of getting points from ES.
Size down today, price could lose 100+pts or run 100+pts higher. Do not be a hero. Wait for your levels and edge to enter and make sure you take profits at the next level higher.
I will post updates after PPI and around 10am after NYSE has settled out.
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Couple of things about how I color code my levels.
1. Purple shows the weekly High/Low
2. Red shows the current overnight session High/Low (time of post)
3. Blue shows the previous day's session Low (also other previous day's lows)
4. Yellow Levels are levels that show support and resistance levels of interest.
5. White shows the trendline from the August lows.
GBPJPYI just entered a second position based on momentum. I typically avoid stacking entries, but this setup felt like a good opportunity to maximize returns. I'm still holding the first position ,price missed my initial take-profit target, which is frustrating, but I'm staying patient. So far, I haven't identified any structural threats to the upside.
ES - September 11th - Daily Trade PlanSeptember 11th - 5:50am EST
Yesterday, we did not get as much volatility as we have done in the past on economic data release days. Today, we have another with CPI at 8:30am. While we could continue the trend of low volatility, today I am still going to be cautious. Before I get into today's plan, take a minute to read my daily trade plan from yesterday. (See Related Publication Section)
I stated in the plan "Any flush of 6526 and reclaim should be a good level for a move higher. We could see price sell off all the way down to the white trend line around 6474 area, flush and then recover a level in blue to continue higher."
After the initial pop from the PPI release, we opened up battled between 6545-6562, then grinded lower after many attempts to lose 6545. I said, yesterday in my 10:29am Note:
"Price can still go higher, but any loss of 6545 would not be good and could flush lower. See my updates above on places I like for us to flush and reclaim at lower levels. 6526 being first for some points, maybe even getting as low as 6517 and reclaiming 6526."
At 3:20pm we touched the 6522 level and rallied up to 6543 into the close for a nice 20pt pop. While I was actually off my desk for this move, it shows you that with patience and waiting for the high-quality setups, you will be rewarded.
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What is the plan for today? 8:30am, we have a big data report. I will not be trading before the report and will be waiting on price to settle out after the NYSE open. That is one of my rules on data & volatility events.
Overnight low is 6534 and high is 6551 as of writing. We have to remain bullish until proven otherwise, so the targets above at 6567, 6578 and if it really wants it can get to 6592. I have said that the white trend line is a magnet that we are heading towards. We just don't know what route price will take to achieve its targets. We focus on our process and edge to take points out of the market daily.
Key Support Levels - 6545, 6534, 6530, 6522, 6523, 6517, 6504-08, 6490, 6480
Key Resistance Levels - 6551, 6555, 6565, 6578, 6592
After the CPI release and by 9am, we should have a good sense for what price is looking to do. Any flush of 6534 or even better 6222 (maybe as low as 6517) and reclaim should be a good level for a move higher. We could see price sell off all the way down to the white trend line around 6480 area, flush and then recover a level in blue to continue higher.
IF, price does flush 6490 and we are accelerating into it, I would be patient and wait to see what it does. While yesterday we flushed, recovered for a nice 50 point move higher, we might get a nice bounce, but liquidity continues to be taken each time we visit this level and when we do lose the level, I anticipate a multi-level loss.
IF, price can flush and reclaim the red or blue levels, those are always my highest quality spots I am looking to ride higher. The yellow levels are very important support and resistance levels that you can get reclaims of and move higher. They can also be choppy and harder to enter without a short time frame edge for entry. It is all based on your strategy, goals and edge of getting points from ES.
Size down today, price could lose 100+pts or run 100+pts higher. Do not be a hero. Wait for your levels and edge to enter and make sure you take profits at the next level higher.
I will post updates after CPI and around 10am after NYSE has settled out.
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Couple of things about how I color code my levels.
1. Purple shows the weekly High/Low
2. Red shows the current overnight session High/Low (time of post)
3. Blue shows the previous day's session Low (also other previous day's lows)
4. Yellow Levels are levels that show support and resistance levels of interest.
5. White shows the trendline from the August lows.