We were expecting a bullish continuation on EURUSD however as the Dollar continues to go up, EURUSD is edging a breakout which could open lower levels. If the support holds, we should see a Bullish reversal otherwise it is destined for a bearish move. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Hello Traders, Take a moment to read my outlook on USDCAD, and share your thoughts Overview USDCAD is currently trading at 1.40623, showing bullish trends on both the H4 and H1 timeframes. However, the bullish momentum on the H4 appears to be weakening, suggesting the uptrend may be nearing a potential reversal zone. Market sentiment remains bullish, supported by increased volatility, but momentum on the H1 timeframe has noticeably decreased, signaling reduced upward strength. Idea The pair is expected to continue its rise toward the 1.4140 price region, a key resistance level with the potential to halt further upward movement and trigger a bearish reversal. Price action is currently rejecting off the H1 order block, which could act as a short-term support level. I will monitor the 1.39797 level closely, as a break below this support would invalidate the bullish outlook, signaling a potential shift in market structure. Conversely, a sustained move above the 1.4140 resistance would indicate renewed bullish momentum and the possibility of further gains. Conclusion This outlook suggests further upside potential toward 1.4140 which is about 80pips move. However, a clear break below 1.39797 would invalidate this idea, and could provide opportunities for short positions. Cheers and happy trading!
Tron coin has a good possibility for MSB, which would result in a smaller correction, after what we expect the price to grow 2x from the current market price! More in-depth info is in the video—enjoy! Swallow Team
Solana is losing its bullish momentum so I am in short position
After Shib broke out from falling wedge it made 122% move but expect some retest of lower level before going much higher in Q1 Q2 2025 Good entry point could come in late december or january.
Strong growth stock looking to regain TA-25 index compliance listing which can bring some volume for continuation. It's the largest index in Israel, January 1st is the next date for the index change. Great entries at 5$ may be gone.... revenues/profits UP YOY
BITCOIN hits 93k at last congratulations so what's next lets wait for more confirmation
Total marketcap will reach 6.7-9 trillion on the fib extensions. Sit back, relax and watch it unfold ?️
? Welcome to TradeCity Pro! In today’s analysis, I’ll review TRX, which recently experienced a sharp and unexpected pump. Many traders in various communities seem to have succumbed to FOMO following yesterday’s surge. This analysis will focus on managing profits and navigating a coin that has already pumped significantly. ? Weekly Timeframe: Sharp Rally In the weekly timeframe, there’s a well-established, long-term trendline that has repeatedly supported the price. I’ve often emphasized that if you’re holding TRX, it’s worth holding as long as the price stays above this trendline. ? The trading volume has consistently increased during the price’s rise from $0.0493 to $0.1446. After hitting this resistance, the market consolidated between $0.1084 and $0.1446 for a while. ? Once the critical resistance at $0.1446 was broken, TRX achieved a new all-time high. After surpassing $0.1675, the price saw a massive pump. The RSI climbed past 80.97 and now stands at an extraordinary 91.72, indicating extremely overbought conditions. At such high RSI levels, I typically wait for a correction before making any moves. ✅ Profit-Taking Strategy For those who have been holding TRX, consider taking some profits now. With the RSI at such elevated levels and the price nearing the 1.272 Fibonacci level, the likelihood of a correction is significant. I personally take profits at this stage and recommend you do the same. However, do not sell all your holdings, as there’s always the potential for further upward movement. ? If the rally continues, the next target would be the 1.618 Fibonacci level, often considered a critical resistance. Nevertheless, taking profits now is wise, especially since many holders are likely over 100% in profit, providing an excellent opportunity to withdraw your initial investment. ? Advice for New Investors If you don’t already hold TRX, do not buy at this stage. This is not an optimal entry point. Current long-term holders are likely to be taking profits, so it wouldn’t be prudent to buy while they are exiting. Patience is key; wait for a correction or a better setup before considering an entry. ? Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
GBPJPY may enter into a bearish phase The data indicates a weakening outlook for GBP as traders shift towards a bearish sentiment, supported by weaker economic indicators and a lack of strong momentum in exogenous factors like GDP and interest rate differentials. Conversely, JPY is showing strength, driven by its safe-haven appeal and positive speculative positioning, as reflected in the COT data. While seasonal trends suggest potential GBP bullishness in early December, the overall bias favors JPY strength, leading to a bearish outlook for the GBP/JPY pair in the near term. Key focus areas for traders should include monitoring UK economic releases (GDP, CPI) and BOJ policy signals, with a preference for shorting GBP/JPY unless there’s a significant shift in GBP fundamentals.