USD/JPY is falling towards the support level which is a pullback support that lines up with the 78.6% Fibonacci projection and could bounce from this level to our take profit. Entry: 140.82 Why we like it: There is a pullback support level that lines up with the 78.6% Fibonacci projection. Stop loss: 137.37 Why we like it: There is a pullback support level that is slightly above the 100% Fibonacci projection. Take profit: 144.77 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
I’m currently holding a sell position on GBP/USD at 1.32480, and despite price climbing to 1.32942, I see several technical and fundamental factors that support my trade idea. Fundamental Perspective Looking ahead, this week presents major economic events that could drive volatility in GBP/USD. UK PMI (April 23): Manufacturing PMI is expected to drop to 44.1, while Services PMI may soften to 51.0—both indicators suggest economic slowdown, potentially putting downward pressure on GBP. US Durable Goods (April 24): Forecasts show mixed numbers—headline durable goods is projected at +1.8%, but ex-transportation and ex-defense figures are negative, meaning uncertainty surrounding USD demand. UK Retail Sales (April 25): The monthly figure is expected at -0.3%, signaling weaker consumer spending. This aligns with my sell bias, as deteriorating UK economic conditions could contribute to pound weakness. If the UK data disappoints while US figures remain mixed or slightly stronger, GBP/USD could face renewed selling pressure, validating my position. Technical Analysis - Historical & Indicator Confirmation Looking at the daily chart, there’s strong alignment between price action and indicator readings that suggest a potential reversal: Resistance Holding at 1.330–1.331: The Stochastic at 74.88 suggests GBP/USD is nearing overbought conditions. The Williams %R at -22.24 reinforces the idea that price is pushing into exhaustion territory. Support Structure (Where Downside Pressure Could Build): Immediate Support at 1.326–1.327: Previous lows from April 20 confirm this zone as a critical level for sellers. Secondary Support at 1.321: Multiple recent price reactions suggest this area could serve as a strong downside target. Deeper Support at 1.316–1.318: If bearish momentum strengthens, this area represents a key swing low. Additionally, while price is pushing higher in the short term, it’s trading well above long-term daily EMAs, suggesting the rally is a temporary overextension rather than a sustained breakout. If GBP/USD fails to break above 1.330–1.331, momentum could shift in favor of my sell trade. Trade Management & Outlook Despite the recent push higher, I remain confident in my sell position as long as GBP/USD does not break and hold above 1.330–1.331. If price starts rejecting this level, the next downside target could be 1.326, followed by 1.321, where I’d consider taking partial profits. With fundamental catalysts ahead, volatility will likely increase. If bullish momentum persists beyond 1.331, I may need to re-evaluate my position, but until that happens, my trade setup remains valid. Final Thoughts My sell at 1.32480 is built on strong reasoning—key fundamental risks, extended technical levels, and a solid structure of resistance all favor a potential reversal. If sellers step in soon, I’ll have the opportunity to secure profits on a well-planned move. Now, it’s a waiting game to see how price reacts to resistance and upcoming data.
USD/CAD is reacting off the support level which is an overlap support and could bounce from this level to our take profit. Entry: 1.3833 Why we like it: There is an overlap support level. Stop loss: 1.3616 Why we like it: There is an overlap support level that lines up with the 88% Fibonacci retracement. Take profit: 1.4098 Why we like it: There is an overlap resistance. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Shows a bearish setup for USD/JPY on the 1-hour timeframe. We might reverse before going fully 140s, so thats why i think this is a little short settup.
Good morning, everyone! A brand new week begins—wishing us smooth trades and great success ahead. Looking back to last Thursday, our gold short strategy hit the mark perfectly. Prices dropped nearly $60 as expected, and we captured around $45 in profit from that move. Overall, we secured over $200 in profit space last week—an excellent performance. Today, gold opened higher and continues to climb. Technically, bulls still have room to push higher, with 3360 as a key resistance level. However, judging by the current momentum, we may even see a test of 3400. That said, trading is about precision, not perfection. If prices approach 3380 and the upward momentum stalls, it may be time to watch for a pullback. On the other hand, if strength continues, holding some light long positions remains a relatively low-risk strategy. Trading Strategy for Today: ? Sell in the 3380–3410 range ? Buy in the 3307–3280 range ? Flexible trades between 3360–3330 / 3272–3315
From my point of view I see market clearly indicating aa strong will for a sell of CAD due to some unseen circumstances its just an ideas that may like come into light if my POI is validated at my price, placing a short for this week. hoping to buy more CAD over US dollars.
Price recently broke a resistance trendline on the daily timeframe. Now, it is coming back to test the broken trendline which coincides with a resistance-turned support level. This provides a strong buying level at the dotted area which is the point of interaction between the trendline and the broken resistance-turned support.
EURUSD Trade Result – April 20 Today, April 20, the market opened bullish, and the buy entries we previously projected for the EURUSD pair were successfully triggered. Our technical analysis correctly anticipated the move, allowing us to take advantage of market liquidity and structure. This result reinforces the importance of trading with a clear plan and respecting outlined scenarios. ✅ We’ll continue providing updates with new opportunities and clear setups so you can trade with greater confidence. We hope this result was helpful and added value to your trading.
Damit Sie mit einem echten Strahle-Teint in den Sommer starten können, verlosen wir drei Hautpflege-Sets von lavera Naturkosmetik.
https://www.tradingview.com/x/fVnMncs7/ ✅CAD_JPY fell again and will soon Retest the support of 101.400 But it is a strong key level So I think that there is a high chance We will see a bullish rebound and a move up LONG? ✅Like and subscribe to never miss a new idea!✅ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.