Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPUSD has been overall bullish, trading within the rising channel in blue. At present, GBPUSD is approaching the upper bound of the channel acting as an over-bought zone. Moreover, it is retesting a strong supply zone. 🏹 Thus, the highlighted red circle is a strong...
Price is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 67,458.88 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 65,117.28 Why we like it: There is an overlap...
Bitcoin (BTC/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 67,281.45 1st Support: 64,516.04 1st Resistance: 71,327.76 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
Hey Traders, in today's trading session we are monitoring USDMXN for a selling opportunity around 16.67 zone, USDMXN is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 16.67 support and resistance area. Trade safe, Joe.
EUR/USD: Euro Dips Near $1.08 as Traders Await Fed Minutes Despite the anticipation, analysts foresee no surprises, expecting the familiar "we're data dependent" stance from the US central bank. Fed Chair Jerome Powell has repeatedly emphasized that policymakers are closely monitoring all incoming data and are prepared to reduce interest rates if signs indicate...
Gold (XAU/USD) has reacted off the pivot and could potentially rise to the 1st resistance. Pivot: 2,409.34 1st Support: 2,372.23 1st Resistance: 2,474.46 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so...
The GBP/USD pair on the M30 timeframe presents a potential shorting opportunity due to a recent breakout from a wedge pattern. Possible Short Trade : Entry: Consider entering a short position (selling GBP/USD) below the broken support trendline of the wedge after confirmation. Ideally, this would be around 1.2720 or lower if the price continues to...
Welcome, Trader. Welcome to our cryptocurrency community! 🚀We are delighted to welcome you, whether you are an experienced trader or a newcomer to cryptocurrency. We are ready to discuss #ETHUSDT💹. #ETHUSDT 🔥🚀. Update: Time frame: 8hr ➡️ ETHUSDT created a symmetrical triangle pattern and break it towards upside. ➡️ Breakout confirmation is done...
The USDJPY pair has been trading within a Channel Up since the December 28 2023 market bottom and has started the new Bullish Leg on the May 03 2023 bounce (Higher Low) on the 1D MA50 (blue trend-line). The previous two Bullish Legs rose on average by +8.00%, so we expect a similar development. As a result we are bullish, targeting...
Keep your eye on this trendline. AUDUSD has experienced a three-leg rise, forming an ascending trendline. A break of this trendline could be a good sign for sellers to achieve significant gains, potentially pushing the price down to the last pivot support zone. Watch for confirmation of this break to identify potential entry points for short positions.
AUD/USD is falling towards a support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.6638 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Stop loss: 0.6593 Why we like it: There is a pullback support level. Take...
GBP/USD has just broken out of a resistance level which is a pullback resistance and could rise from this level to our take profit. Entry: 1.2698 Why we like it: There is a pullback resistance level. Stop loss: 1.2635 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Take profit: 1.2797 Why we like it: There...
Hello all, I have a long trade possibility forming on XAGUSD. Basically, my draw on price is the Relative Equal Highs residing above. My POI for taking a trade is where the BISI 2D is. Since we have a SIBI 2D, we should see lower prices to this POI. If price does not reach my POI before trading higher, I would like to see a clean 2D close above the SIBI 2D....
simple trading - Triangle pattern If BTCUSD closes below the triangle sell. This is the most simplest form of trading. Don't overthink it. After a massive push to the upside, it only makes sense for the price to make a pullback. Entry level : 69500 SL 70000 MAX TP: 66200
The British pound edged higher earlier today but has pared most of those gains. GBP/USD is trading at 1.2703, up 0.06% early in the North American session. UK inflation fell sharply in April, falling to 2.3% y/y. This was down from 3.2% in March and the lowest rate since July 2021 but higher than the market estimate of 2.1%. On a monthly basis, inflation dropped...
Our bias is for the US dollar index to rise to 105 over the near-term. The daily chart respected trend support from the December low, and the 4-hour chart shows a small ascending triangle which implies a break above resistance. Out of the FX majors, USD/CHF looks ready to break above resistance and lead the dollar broadly higher. Bears could also consider a short...
Is a rate cut imminent? Watching incoming UK Inflation data "The next move will be a cut," Bank of England's Andrew Bailey stated in response to a question about the Governors thoughts on interest rates during a speech at the London School of Economics. This does not mean the next decision will immediately be a cut; rather, rates will remain stable until a cut...
USDCAD buyers holding firm above the support zone, showing multiple rejections to the downside. We've now seen a huge bullish candle on the 1D TF, indicating a higher chance of market moving higher towards our target of $1.40. Take advantage!