? Timeframe: 1H ? Broker: OANDA ? Current Price: 161.798 Key Technical Levels & Analysis Descending Trendline Breakout Attempt The price is currently testing a long-term descending trendline (marked in blue). A successful breakout above this level could indicate a bullish continuation towards the 164.000 supply zone. Support & Resistance Zones Major Support: 159.000 Resistance Levels: Immediate Resistance: 161.800 - 162.000 (Trendline & Supply Zone) Next Target: 164.000 (Major Resistance Zone) Potential Scenarios Bullish Breakout Confirmation: If price breaks & retests the trendline successfully, long positions can target 164.000. Rejection Scenario: If price fails to hold above 161.800, we might see a pullback towards 159.000 before any bullish continuation. Trading Plan ✅ Buy Entry: After confirmation of breakout & retest above 161.800 ? Target: 164.000 ? Stop Loss: Below 161.000 Risk Management Wait for candle close confirmation before entering a trade. Avoid FOMO and ensure the risk-reward ratio is at least 1:2 or 1:3.
The GBP/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate sideways consolidation near the previous resistance level, which has now become a new support zone. Key Levels and Price Action The critical trading level to watch is 1.8516, representing the previous consolidation price range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 1.8720, 1.8780, and 1.8900 over the longer timeframe. Conversely, if the 1.8516 support level fails to hold and a confirmed daily close occurs below this level, the bullish outlook would be invalidated. This could lead to a deeper retracement, targeting the 1.8417 support level, followed by 1.8350 and 1.8285. Conclusion The sentiment remains bullish as long as the 1.8516 support level holds, with potential upside targets at 1.8720, 1.8780, and 1.8900. A confirmed breakdown below 1.8516 would shift the outlook to bearish, signaling a move towards 1.8417, 1.8350, and 1.8285. Traders should carefully monitor daily closing levels to assess potential sentiment shifts and trading opportunities. 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.
TGL is in uptrend price has taken good correction. good chance for buying at current levels.
The USD/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone. Key Levels and Price Action The primary trading level to watch is 1.4390, representing the previous consolidation range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 1.4487, 1.4530, and 1.4590 over the longer timeframe. However, if the 1.4390 support level fails to hold and there is a confirmed daily close below it, the bullish outlook would be invalidated. This breakdown could lead to a deeper retracement, targeting the 1.4350 support level, followed by 1.4310 and 1.4230. Conclusion The sentiment remains bullish as long as the 1.4390 support level holds, with potential upside targets at 1.4487, 1.4530, and 1.4590. A confirmed breakdown below 1.4390 would shift the outlook to bearish, signaling a potential move toward 1.4350, 1.4310, and 1.4230. Traders should closely monitor daily closing levels around the key support to gauge sentiment shifts and make informed trading decisions. 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.
EURAUD Swing Trade Recap: 916 Pips Secured ? ? Trade Overview: Entry: 1.64185 (Feb 20, 2025) Exit: 1.73345 (Mar 13, 2025) Duration: 21 days Pips Gained: 916 ✅ Stop Loss: 1.63136 ? Why I Took the Trade: Uptrend Confirmation ? – Higher highs & higher lows on the daily chart. Oversold Conditions ? – RSI signaled a potential bounce. Bullish Pattern ? – Symmetrical triangle breakout on the 4H chart. ? Fundamental Factors: Eurozone Strength ?? – Steady growth & rising employment. Australian Weakness ?? – Market hit by U.S. tariffs & economic concerns. ? Why I Exited: Key Resistance Zone ⚠️ – Price reached a major level at 1.7330. Risk Management ? – Locked in profits before potential reversal. ? Takeaway: This trade combined strong technical signals with key fundamentals, leading to a high-probability setup. Exiting at resistance secured profits while keeping risk in check. ? #Forex #EURAUD #SwingTrade #TradingStrategy #RiskManagement
Technical Analysis: Gold is currently trading around $2,920, showing strong bullish momentum. Entry Point: $2,900 Target: $2,945 Resistance Levels: $2,920 (current), $2,945 (next target) Support Levels: $2,895 (key support); a break below may lead to further downside.
The instrument has been trading in a global bullish trend. Recently it has been trading inside a falling channel and respected a number of key zones. Here are the key areas of interest in my view. Please do your own analysis before placing any trades. Cheers and happy trading !!!!!
The A and B waves in eBay’s structure are clearly identifiable. In the expected C wave zone, overlapping sub-waves and a formation are emerging. If the wave count is accurate, the 5th wave of the diagonal could start moving upward in the marked area.
hello trader's what do you think about BITCOINUSD CURRENT PRICE: 82400 today bitcoinusd created shoulder head shoulder i think first market touching 84000 this is resistance zone and shoulder head shoulder break trade line market breakout 84000 then bitcoinusd pump upside to hitting target support zone 82000-81000 resistance zone 84000 target 87000 please dont forget to like comments and follow thank you
It seems like a inverse head and shoulder and it's expected that it might go up