This chart shows the 15-minute price movement of Gold (XAU/USD) with a symmetrical triangle pattern forming. A potential breakout is expected, targeting 3,133 Explanation: The price has been moving within a triangle pattern. If the price breaks above the resistance level, it may rise to 3,133. The shaded purple box marks a key support zone where the price previously bounced. Traders might wait for confirmation before entering a buy trade toward the 3,133 target.
In the future, two major variables will dominate the trend of the euro: 1、Details of tariff policies: If the US imposes tariffs on the EU with an intensity exceeding expectations, the euro may quickly test the support level of 1.0750. Conversely, if the measures are mild or postponed, the exchange rate may rebound above 1.0900. 2、Linkage of US economic data: If the manufacturing PMI and non-farm payroll data reinforce the "American economic exceptionalism", the US dollar may regain buying interest and suppress the euro. If the data is weak, it will solidify the expectation of an interest rate cut by the Federal Reserve in June, which is bearish for the US dollar. We can focus on the initial resistance level of 1.0850 above. If this level is not breached, one can attempt to short at high levels. Trading strategy: Sell@1.0850 TP:1.0750 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
The Green 4h Zone Acts as Strong Buying Zone. The Blue Zone POC/IC (Point Of Interest or Institutional Candle) is weak Support now since it been tested before. The Fresh Zone is the Green 4h which acts as Decent Support Zone. We have two Scenarios indicating Buyers step in Strongly Within Green Buying Zone: Scenarios One: strong buying volume reversal Candle. Scenarios Two: Fake Break-Out of green Buying Zone. Both indicate Buyers Stepping in strongly. Once One Showed Up a safe entry would be 50% Fibo from the buying Candle at 1h TF. Regards, Take care.
USDJPY 31 MARCH 2025 Q2 W14 Y25 SHORT SET UP Looking forward to this short play. In terms of the strategy, the price action is lining up beautifully for a high probability trade set up. Why? Lets dissect. Weekly and daily 50 exponential moving average aligning proving the short confluences. Of late FRGNT have been taking high probability setups using the cushion that higher time frame moving averages continue to provide. It of course does not suggest an immediate position is executed from the EMA. It is simply a confluence that we can hang out hat on a they say. We are currently entering the daily order block created last Friday. We expect to see a bearish reaction but we are confident In waiting for our specific points of interest. What are they? aligned perfectly with the weekly and daily 50 ema, lies a 15' order block that is yet to me mitigated, this is our area to look for a short reaction. The dilemma. We enter a high probability area, do we await for a 15' break of structure after the bullish price action trailing into our area? Do we await and take a tap entry from the area? or finally do we await for a Lower time frame break of structure and if YES, How low do we go? I think the first element to look into is how price arrives into the area. Will there be high impact news at the time of price entering into the level? it is always worth noting there it always reason to loose a position but our goal is limit just our exposure to that risk even in highly favoured positions. What is the ideal set up for FRGNT? We hope to see clear trending price action into our level. With clear higher highs and higher lows, we are able to see areas to be violated on the turn around and break and structure. Ideally we will await for a 1' turn turn around from the level. As a result of the setup being backed by the 50 weekly ad daily ema. We do expect to see a rollover in price and do not want to miss the set up but we must see a break of strcutre of some sort. There can be a lot of confidence taken from a 1 minute roll over. We will look for 1minute engulfing candle from the level. Await the imbalance fill and enter on a market execution. What do you think? Let's see how price comes to us . FRGNT X
Push to the upside today but overall still see us30 bearish and could potentially hit 41000 and even 40750. Price is below our 4 hr MAs and still below our key levels and trend line on the higher time frame.
Weekly: https://www.tradingview.com/x/s9uh5WKH/ -FVG. -Liquidity Sweep. Daily: https://www.tradingview.com/x/s9uh5WKH/ -Bullish M pattern. -Inverse H&S pattern. -Liquidity sweep. 4H: https://www.tradingview.com/x/pGOP0nvB/ -Bullish M pattern. -Sharp turn entry pattern.
The GBP/USD is still fluctuating repeatedly at present. Taking various factors into account, there is a great deal of market noise in the current currency market, and many currency pairs are in a sideways trend. The British pound has been fluctuating sideways for several weeks, and the market is digesting the previous significant upward rally. The 1.30 level on the upside serves as a resistance level, while the 1.29 level on the downside acts as a support level. The so-called "golden cross" has recently occurred, so this is a bullish market. Trading strategy: buy@1.2910 TP:1.2970-1.2990 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
On USD/CAD , it's nice to see a strong buying reaction at the price of 1.42520. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Rejection of lower prices and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
It would seem within the coming week, the first potential support to monitor on a closing basis is still the 19065 retracement, with 20307 continuing to represent possible resistance. While closing breaks of either of these levels won’t guarantee a significant price movement with much still dependent on the outcome of events across the week, a closing breakout may lead to a more extended price move in the direction of any break. Support: Closing breaks under the 19065 support might suggest resumption of recent declines, with risks possibly then emerging to test 18111, which is the deeper 50% retracement, may be even further if this is in turn breached. Resistance: If 20307 is broken to the upside on a closing basis, it may lead to a further retracement of the February to March weakness, with the 50% level standing at 20679, or even 21050, which is the higher 62% retracement.
AMEX:XBI looks like it is in the process of forming a gigantic head-and-shoulders pattern. However, the stock has not broken below the $60 level since 2017.