Good Morning, Hope you are enjoying a start to a new week. Here is the price action levels for ADA at the current moment. We have some consolidation to see if we are going higher or lower. ENJOY!
MYr short trade on EUR/USD looks like a solid plan, especially with the focus on a trend line breakout for confirmation. Let's break down some key aspects to consider: *Trend Line Breakout Confirmation* 1. *Confirmation Criteria*: Ensure the breakout is confirmed with a strong candlestick close below the trend line on the 30-minute chart. This reduces the chance of false breakouts. 2. *Volume*: Check if there's an increase in volume during the breakout. Higher volume can validate the strength of the move. *Stop-Loss Placement* 1. *Above Recent Swing High*: Placing your stop-loss above the recent swing high provides a buffer against minor price fluctuations. 2. *Dynamic Stop-Loss*: Consider using a trailing stop-loss that adjusts as the price moves in your favor. This can help lock in profits while giving the trade room to breathe. *Risk Management* 1. *Position Sizing*: Determine the appropriate position size based on your risk tolerance. A common rule is to risk no more than 1-2% of your trading capital on a single trade. 2. *Risk-Reward Ratio*: Calculate the risk-reward ratio for your trade. With targets at 1.12800 and 1.11600, your potential reward seems substantial. Ensure this aligns with your trading strategy. *Additional Considerations* 1. *Market Sentiment and News*: Keep an eye on economic news and events that could impact the EUR/USD pair. Central bank announcements, economic indicators, and geopolitical events can cause significant price movements. 2. *Technical Indicators*: Utilize indicators like the RSI, MACD, or Stochastic Oscillator to gauge the momentum and potential reversal points. *Next Steps* - *Monitor the Trend Line*: Keep a close watch on the trend line and ensure the breakout is confirmed before entering the trade. - *Adjust Targets and Stop-Loss*: Based on the market conditions and your analysis, be prepared to adjust your targets and stop-loss levels. - *Stay Updated*: Continuously monitor the trade and be ready to act if the market conditions change. Would you like to discuss more about incorporating technical indicators or how to handle potential market-moving news?
GBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be a bullish breakout toward a key prior consolidation area. Key Support: 1.3014 – aligns with the previous consolidation zone and potential bullish inflection point. Upside Targets: 1.3255 – initial resistance level 1.3328 and 1.3418 – medium to long-term bullish targets If price finds support at 1.3014 and forms a bullish reversal, it would confirm the continuation of the uptrend toward the mentioned resistance levels. However, a break and daily close below 1.3014 would invalidate the bullish scenario, suggesting deeper retracement toward 1.2980, with further support at 1.2900 and 1.2815. Conclusion GBP/USD remains bullish above 1.3014. Look for a bounce from this level to confirm upside continuation. A daily close below 1.3014 would turn the outlook bearish, exposing lower support levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
? Timeframes Observed: H1, M30, and M15 Gold (XAUUSD) has officially broken the trendline on all three lower timeframes — 1 Hour, 30 Minutes, and 15 Minutes — indicating a clear shift in market structure towards the downside. ? Key Support Level: The next critical confirmation of bearish continuation will occur if price breaks below the $3116 support zone. A clean break and retest of this level can serve as strong validation for further downside movement. ? Target Zones: If the bearish momentum sustains, price may head towards the following levels: ? Target 1: $3195 ? Target 2: $3172 ? Target 3: $3132 ? Stop Loss: To manage risk effectively, a recommended stop loss is placed at $3250. This helps protect against unexpected price spikes or false breakouts. ? EMA Confluence: The 21 EMA on the M30 timeframe has been broken, adding another layer of confirmation to the bearish bias. This EMA break often signals a shift in short- to mid-term trend direction. ⚠️ Important Note on Fundamentals: While technicals currently show a bearish setup, it's essential to monitor fundamental drivers closely — including economic news releases, central bank statements, tariffs, and geopolitical events — as any significant development can invalidate technical patterns and shift market sentiment instantly.
With trading it's not about certainties but probabilities. And in this case I was soo optimistic about the rand breaking its Inverse Cup and Handle and heading to R16.50. But instead the USD/ZAR rallied to R19.74. Apart from the negativity kicking in with the US, there is one thing I didn't really consider. And that is the US Dollar is going to hurt - no doubt. But the rand and emerging economies will more likely hurt even worse. Because despite it all we still follow the big boys (DOw, SP500, UK100) Hence when the US sneezes, the world catches a cold. But then we have other reasons for the rand weakening 1. ?️ Political Uncertainty in SA Coalition tensions and governance concerns are making investors nervous, pushing money out of SA. 2. ? Lower SARB Interest Rates South Africa cut rates again, making the rand less attractive to yield-seeking investors. 3. ? Global Risk-Off Mode Traders are fleeing emerging markets amid global tensions—hurting the rand, boosting the dollar. 4. ? Weak SA Economic Outlook Low growth, high unemployment, and power issues reduce confidence in South Africa’s economy. 5. ?? Stronger Dollar Demand U.S. dollar gaining strength globally due to safe-haven demand and higher relative rates So, yes - We are seeing some rand strength now and we are back to R18.88. We will need to wait for the next formation before we make any deductions on where it is likely to go. It could break up with the Falling Flag and run up to R20.00. Or it could stabilise and form an Inverse Cup and Handle again and drop to R17.50. We need to wait and see. I can't always post my winners - or else I wouldn't be an actual trader. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
The FTSE 100 Index remains in a bearish structure, with recent price action confirming a break below the prior consolidation zone, indicating potential for further downside. Key Resistance: 8224 – former support turned resistance, aligning with the intraday consolidation area. Support Levels: 7760 – near-term target if bearish momentum continues 7645 and 7522 – medium to long-term downside objectives An oversold bounce may occur, but unless price breaks and closes above 8224 on the daily chart, the bearish outlook remains intact. Conversely, a confirmed breakout above 8224 would invalidate the bearish bias and open the path to test 8305, with 8460 as a secondary resistance. Conclusion The FTSE bias is bearish below 8224. Watch for a rejection at that level to confirm downside continuation. A daily close above 8224 would shift the outlook to bullish. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
What looks like a triangle here is an accurate representation of the hopium surrounding ETH... But with consumer spending looking fragile, we won't see the bottom any time soon.
BUY AUDNZD for bearish trend reversal STOP LOSS : 1.0692 Regular Bullish Divergence In case of Regular Bullish Divergence: * The Indicator shows Higher Lows * Actual Market Price shows Lower Lows We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this strong level of Support so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, I want share with you my opinion about Euro. The price started its movement inside a tight upward channel, gradually rising from lower levels. After a steady climb, the Euro broke out of the channel with a strong impulse, entering a buyer zone between 1.0870 - 1.0910 points. This zone acted as a strong base, and from there, the pair accelerated upward, eventually reaching the upper boundary of a wide horizontal range. After multiple rejections near the range’s top, the pair finally made a breakout and exited above resistance, confirming the shift in momentum. The growth didn’t stop there - price continued its rally, reaching the current support area between 1.1320 - 1.1280 points, which now aligns with a strong horizontal level at 1.1280 points. This area was successfully retested and defended by buyers. Currently, the price is consolidating slightly above this support, forming a local correction after the recent impulse. As long as this structure holds and the support area remains intact, the bullish pressure is likely to resume. Given the breakout, the strong base from the buyer zone, and the bullish market structure, I expect the Euro to continue growing toward the 1.1550 level, which is marked as my current TP1. Please share this idea with your friends and click Boost ?