The EUR/USD pair has been displaying strong bullish momentum recently, maintaining an overall uptrend. However, despite this strength, I am expecting a temporary pullback before any further upside movement. The price has reached a key resistance level, marked in red, which has historically acted as a significant barrier. The market has reacted to this level with a rejection, indicating that buyers are struggling to push through at this point. Key Levels to Watch Imbalance Areas and Support Zones (Blue Zones) These zones represent areas where price could retrace before making its next significant move. If price finds support at one of these zones and forms a bullish confirmation, we could see another push to the upside. However, if price fails to hold the first blue zone, it is likely to drop further into the second marked imbalance area. The second zone would then become the next key level to watch for potential support. Break of the Support Zones If both support zones fail to hold, this would suggest that buyers are losing control and that a deeper pullback is underway. In this case, the overall bullish momentum may slow down, and a shift toward a more bearish sentiment could occur in the short term. Current Resistance Zone (red zone) The red zone marks a key resistance level that price has struggled to break in the past. If price successfully breaks above this zone with strong momentum and closes above it, this would confirm further bullish continuation. A breakout could signal the potential for new highs, as buyers regain full control of the market. https://www.tradingview.com/x/eoMyXL2H/ Impact of CPI News on EUR/USD Today's Consumer Price Index (CPI) report had a notable impact on the EUR/USD pair. Upon release, the market experienced a sharp upward spike, reflecting an immediate reaction to the inflation data. However, this move was short-lived, as price quickly faced a strong rejection and dropped back down. This type of movement suggests that market participants are still processing the implications of the inflation data and its potential effect on future monetary policy decisions. The Federal Reserve’s stance on interest rates will be a key factor in determining how the pair moves in the coming days. Trade Plan and Expectations I will be watching for a potential retracement into one of the blue support zones. If price finds support and shows a bullish reaction, I will look for confirmation to enter a long position. If price breaks below the first support zone, I will wait for a test of the second blue area before making any trading decisions. A failure to hold this level would indicate further downside potential. If price manages to break and hold above the red resistance zone, this would be a strong bullish confirmation, signaling further upside movement. In that case, I would anticipate a continuation of the uptrend. Overall, while the market structure remains strong, a short-term retracement is likely before the next move takes place. It is important to remain patient and wait for clear confirmations at key levels before entering a trade. What are your thoughts on this setup? Do you see further upside potential, or do you think we could see more downside before buyers regain control? __________________________________________ Thanks for your support! If you found this idea helpful or learned something new, drop a like ? and leave a comment, I’d love to hear your thoughts! ? Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! ?
Hello Guys Here Is Chart Of GBPUSD in 30-M AT Support: Around 1.2900 Target Will Be : 1.3000 Resistance: The upper trendline of the Trend CHENNEL around 1.3000 This analysis assumes the price respects the trend channel. A breakdown below support could invalidate the setup.
Buddy'S dear friend ?. SMC Trading Signals Update ??️ Gold Traders SMC-Trading Point update you on New technical analysis setup for Gold ? Gold Traders Gold 1H time. Look ? first take FVG level that take entry buying said target point 2959 New ATH wait for FVG level good luck ? Key Resistance level 2930 + 2959 Key Support level 2909 - 2902 - 2896 Mr SMC Trading point Pales support boost ? analysis follow)
https://www.tradingview.com/x/SSPQ8r9v/ On a today's live stream, we spotted a confirmed bullish reversal on AUDJPY. The price formed a huge inverted head & shoulders pattern on a 4H and violated its neckline during the London session today. A bullish movement is now expected at least to 94.0 ❤️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.
Orange juice is showing strong fundamentals and solid signals. Entering long from this demand zone. Stay tuned for more updates—don’t forget to tap the follow button!
PEPPERSTONE:HK50 In this video, I’ll be sharing my analysis of HK50, using my unique Heikin Ashi strategy. I’ll walk you through the reasoning behind my trade setup and highlight key areas where I’m anticipating potential opportunities. I’m always happy to receive any feedback. Like, share and comment! ❤️ Thank you for watching my videos! ?
BTC Trade Setup – LTF Breakout Bitcoin has broken out of an Inverse Head and Shoulders pattern and is currently retesting the breakout level. Entry: Opened a small long position after BTC confirmed the breakout. Stop Loss (SL): $81,660 (Invalidation level) Targets: - $84,600 - $85,880 - $86,958 - $87,932 - $89,887 The setup looks solid for now, but price action needs to hold above the retest level for continuation. Monitoring closely. DYOR, Not Financial Advice. Please hit that like button for more updates and trade setups. Thank you #PEACE
US equity indices reacted positively to the latest US inflation figures released earlier today, as the data pointed to a moderation in price pressures. The Consumer Price Index (CPI) decreased to 2.8% year-over-year in February, down from 3.0% in January. This reading not only marked a decline but also came in below market expectations of 2.9%, signaling that inflationary pressures may be easing. On a monthly basis, the CPI increased by 0.2%, following a 0.5% rise recorded in January. Similarly, the core CPI, which excludes volatile food and energy prices, rose by 3.1% year-over-year in February, down from 3.3% in the previous month. This print also fell short of analysts' forecasts of 3.2%, further supporting the view of moderating inflation. On a month-to-month basis, the core CPI edged up by 0.2%. Key Support and Resistance Levels Resistance Level 1: 5713 Resistance Level 2: 5770 Resistance Level 3: 5807 Support Level 1: 5523 Support Level 2: 5480 Support Level 3: 5300 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.
The key support and resistance levels for SPY today are above. Follow me to get this notified when I publish in the morning. Understanding key levels in trading can provide valuable insights into potential market movements. These levels often indicate where prices might reverse or consolidate, serving as important signals for traders considering long (buy) or short (sell) positions. Calculated using complex mathematical models, these levels are tailored for today's trading session and may evolve as market conditions change. If you find this information beneficial and would like to receive these insights every morning at 9:30 AM, I invite you to support me by boosting this post and following me @OnePunchMan91. Your engagement is greatly valued! However, please note that if this post doesn’t receive more than 10 boosts, I will have to reconsider providing these daily updates. Thank you for your support! Need any other charts daily, comment on this.
We have a beautiful descending wedge that is waiting to break out. This will all depend on BTC and it's temperament. This break could lead to much high prices, wait for a nice breakout with a back-test ideally before getting in. NFA, DYOR