The GBPAUD currency pair maintains a bullish sentiment, supported by the prevailing long-term uptrend. However, recent price action suggests an overextended bullish breakout, approaching significant resistance zones on both daily and weekly timeframes. The key trading level to watch is 2.0227. A potential overbought pullback from current levels, followed by a bullish rebound from 2.0227, could extend the upside, targeting 2.0499, with further resistance at 2.0577 and 2.0737 over a longer timeframe. Conversely, a confirmed break below 2.0227, with a daily close under this level, could signal a corrective pullback towards 2.0077 and 2.9937. Conclusion: While the broader trend remains bullish, the current overextended move suggests the possibility of short-term retracements. Holding 2.0227 as support will be critical for further upside continuation, while a breakdown below this level could trigger deeper corrections. Traders should monitor price action closely and adjust risk management accordingly. 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.
As the chart illustrates that a uptrend pattern waiting for a great bteakout.
https://www.tradingview.com/x/LFnUZkAw/ Here is my latest structure analysis and important supports and resistances for EURUSD for next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Hello Traders EURUSD is Bullish on H4. After a Bullish BOS, I can identify discounted price for possible long positions. targeting the newly created swing high. *Price doesn't have to go back into extreme levels to form a potential HL. it can use the equilibrium level, if there's valid POI/IMB around it. alternatively there's enough LQ generated by the rising wedge, price can grab that and continue pushing higher.
USOIL has been in a downtrend. With this trendline forming and the price nearing the trendline, we can look for potential sells. The price has been resisting the 68.00 area, we can wait and see how it reacts to the trendline. potential sells if we can see a good rejection from the trendline as well as the resistance zone. A good target would be near the 65.00 price area.
GBPUSD Trading Journal March 16 Parent bias is bull Price is delivering to Premium M/W/D Price premium range/previous range is in a premium Note Price is rebalancing a HTF wick imbalance March 17 delivery I would like to see price come to the sell stop take liquidity and make a rally for the buy stop targets Wait for Sundays delivery for more information for Mondays plan Watch the 1 and 2 macro swings Watch what stops are taken My Model Factors Bias for Asia to London bull Price will have to do the following for me to trade *session liquidity taken *macro time only *first presented FVG *4 candle pattern *hour analysis down to 1 min every 15 minutes *every hour mark out what price has done What is your model. What do you need to see?
The EURAUD currency pair maintains a bullish sentiment, supported by the prevailing long-term uptrend. However, recent price action suggests an overextended bullish breakout, approaching significant resistance zones on both daily and weekly timeframes. The key trading level to watch is 1.7050. A potential overbought pullback from current levels, followed by a bullish rebound from 1.7050, could extend the upside, targeting 1.7320, with further resistance at 1.7676 and 1.7800 over a longer timeframe. Conversely, a confirmed break below 1.7050, with a daily close under this level, could signal a corrective pullback towards 1.6880 and 1.6800. Conclusion: While the broader trend remains bullish, the current overextended move suggests the possibility of short-term retracements. Holding 1.7050 as support will be critical for further upside continuation, while a breakdown below this level could trigger deeper corrections. Traders should monitor price action closely and adjust risk management accordingly. 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.
In the coming week, the gold market will see a game centered around the Federal Reserve meeting, and the short-term volatility is expected to increase. It is recommended that investors maintain a light position, set stop-loss strictly, and pay close attention to the breakout direction of the round number mark of $3,000 and the support level of $2,970. In the medium to long term, the gold purchases by global central banks, the weakening of the US dollar's credit, and the resilience of inflation still support the upward trend of gold prices, and the correction provides opportunities for position arrangement. Gold trading strategy： sell@：3000-3005 buy@：2970-2975 If you are currently not satisfied with your gold trading performance, and if you also need to obtain accurate trading signals every day, you can check the information in my profile. I hope it can be of some help to you.
$TRUMP ─ @realDonaldTrump Long Trade SETUP ? Looking for another long trade entry. ⚠️If the Twin OB fails, then a new low is on the table. ENTRY = TwinOB + FibFan + nPOC + Fib Golden Pocket + WO + DO SL = below VAL + TwinOB ------------ ------------ As always, my play is: ✅ 50% out at TP1 ✅ Move SL to entry ✅ Pre-set the rest of the position across remaining TPs It's important to take profits along the way and not turn a winning trade into a losing trade.
We can see a long down trend on the daily timeframe for EUR/USD. With the price approaching the trend line, we can see potential sells around the 1.1000 area marked which has previously acted as a resistance zone. A good target would be 1.06000 area.