OANDA:XAUUSD market pulled back below the previous week's high and has also dipped below the lows of the last two days, bouncing off these levels by taking liquidity. There seems to be indecision in the market as price is forming either a head-and-shoulders pattern, which indicates a potential reversal, or an expanding triangle pattern, which also reflects indecision. Today, we have high-impact news that could drive the price towards the 2900 level closing weekly candle as long tailed bar. However, considering that the price made false breaks below the previous day's lows and completed an ABC pullback, there is a good chance the price may close above the previous week's high level. Overall I expect consolidation between 2900 and 2950 before clear upside breakout. My goal is resistance zone around 2945 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
PEPPERSTONE:USDCAD The pound has just completed the AB=CD pattern on the 4-hour chart, precisely at 1.2671, a level I highlighted back on February 13. With this textbook pattern now fulfilled, a retracement could be in play, potentially sending the pair lower toward key Fibonacci retracement zones below 1.2541. This move also aligns with a possible retest of the broken daily fractal resistance at 1.2550 , a level that played a key role earlier this week. If sellers step in with conviction, the cable could face a broader pullback, but sustained downside pressure will depend on the market’s reaction at these critical support levels. https://www.tradingview.com/x/vhn3eGV4/ ? Key Technical Takeaways: ✅ AB=CD pattern completed at 1.2671, signaling potential exhaustion of bullish momentum. ? Possible retracement targeting Fibonacci levels below 1.2541. ⚠️ 1.2550 daily fractal resistance, which was broken earlier this week, could be retested as new support or fail to hold. Will GBP/USD follow through with a correction, or will buyers defend these zones? Let’s see how this plays out! Drop your thoughts below. ? Happy Trading, André Cardoso Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
Friday February 21 Data: US, UK, Japan, Germany, France and the Eurozone February PMIs, US January existing home sales, UK February GfK consumer confidence, January public finances, retail sales, France February manufacturing confidence, Canada December retail sales Central banks: Fed's Jefferson speaks, ECB's Lane speaks Earnings: Air Liquide, Sika, Standard Chartered 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.
Hi, another dollar index DXY chart today. You can make many predictions about how the world will be in the future, I have all just cycles + structures and charts. At this point, that opinion may not be in line with those policy statements by world leaders. But we're not here to discuss politics. https://www.tradingview.com/x/IW3zpovl/ Best regards EXCAVO
Price has respected the bullish 4 hour FVG which warrants bullish momentum to 22319.75
Sustained Buying Hype with a Long-Term Target of $287 Taiwan Semiconductor Manufacturing Company Limited (TSMC) remains in a strong buying hype zone, driven by industry demand, AI advancements, and global semiconductor expansion. The stock has shown exceptional growth momentum, with projections pointing toward a long-term price target of $287 by July–August 2025. This would represent a 240% price extension from its $85 base level, confirming a sustained uptrend as investor confidence in the semiconductor sector continues to rise. Bullish Outlook: Path to $287 by Mid-2025 Current Market Hype is supporting aggressive accumulation, keeping TSMC on track toward its projected price target. The rally remains strong and uninterrupted, suggesting a clear uptrend continuation as long as broader market conditions stay favorable. Key Resistance Levels: $180, $225, and $260 before reaching the final extension target of $287. 2026: Major Pullback Phase Expected After reaching the $287 level, the market is expected to undergo a significant correction, leading to a price retracement in 2026. Price could drop to $110–$118, aligning with a natural market cycle cooldown after such a major extension. This pullback would serve as a healthy correction, allowing for reaccumulation before the next bullish phase. Conclusion: Strong Upside in 2025, Followed by a Deep Correction in 2026 Short-Term (2025 Target): $287 as part of the ongoing semiconductor boom. Post-Hype Correction (2026): Pullback to $110–$118, setting up a potential new accumulation zone. With TSMC remaining in a high-growth phase, the next 18 months will be crucial for maximizing gains before a major cooldown phase begins in 2026.
This could be a model 1 distribution, but its to early to tell. Right above us is an 1 min supply zone and the golden pocket. The push above the last week high invalidated a possible model 1 accumulation, but it would still make sense to come lower again since the weekly cycle low should come next week. There is also this major trendline which would freak everyone out if we "reject" from it. (this model would get invalidated if we leave the range immediately)
USDCHF: A New Opportunity for Growth The USDCHF currency pair appears to form a significant range trading pattern between 0.8965 and 0.9200, approximately 235 pips. After finding strong support at 0.8965, the price may rise again. A strong resistance zones is expected around 0.9045, 0.9080, and 0.9135 You may watch the analysis for further details! Thank you:) Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
waited for the re-test and executed, triangle breakouts are one of the best patterns due to how simple they are,
TP-1 is highest probablity, TP2 can hit if see good red candle in area of Tp-1 Level, Tp-3 is optional Looks like good trades Lets monitor. Use proper risk management. Disclaimer: only idea, not advice.