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Fibonacci

GBPUSD → A false breakout can trigger a correction FX:GBPUSD is strengthening as part of the rally associated with the fall in the dollar index, but there is a technically strong resistance zone ahead that could trigger a correction... The dollar index, due to US politics, desire for lower interest rates, tariff war, continues its decline, giving an advantage to the currency pairs of the main basket. Against this background, the pound sterling is strengthening and is ready to test the key resistance at the moment: 1.343. The huge pool of liquidity, accumulated behind this area may not let the price up at the first time. The last test and confirmation of this level was half a year ago. Resistance levels: 1.343 Support levels: 1.3292, 1.3207 A sharp approach to resistance, a false breakout without the possibility of growth continuation and consolidation below the resistance 1.3430 may provoke a correction in the imbalance zone or liquidity 1.3292. Regards R. Linda!
Short
by RLinda
10
ETH Rejection Incoming? Don’t Fall for This Bull TrapYello Paradisers, are you watching how ETH is reacting right now at this key zone? This could either turn into a textbook bearish setup… or catch everyone off guard. Let’s break it down 👇 💎ETHUSDT is currently hovering at a critical resistance area, perfectly aligned with both a key Fibonacci retracement zone and the 200 EMA—classic confluence. What makes it even more concerning is the bearish divergence, which is strengthening the probability of a downside rejection from this level. 💎To add fuel to the fire, the price action has just taken liquidity (inducement) above the previous highs, another bearish signal that supports the idea of a potential reversal from here. 💎However, this bearish bias will be fully invalidated if ETH manages to break and close a candle above the resistance zone. That kind of price action would suggest strength from buyers and a likely continuation to the upside. 💎In that case, it’s wiser to stay patient and wait for a cleaner setup at a better price. Rushing into a trade at this stage, especially in a moment of indecision, is not how pros operate. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
4
USDJPY Short Term Buy Trading PlanM15 - Strong bullish momentum followed by a pullback No opposite signs Expecting bullish continuation until the two Fibonacci support zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VladimirRibakov
Wave 5 Completed – Time to Ride the Correction!"Structure Overview Wave Count: You’ve marked the end of wave (5), indicating a potential trend reversal or correction. Bearish Setup: Price rejected the orange supply zone post wave (5), suggesting bearish pressure. Entry appears to be near the top of the small pullback into that zone. Target is set near the larger demand zone around 1.12274. Right-Side Box (Key Idea Summary): Suggests a range-bound market, followed by: A lower high into a new supply zone (brown box). A sharp drop into a deeper demand zone at the base (green zone). Key Price Levels: Resistance/Supply: 1.14153, 1.15205 Support/Demand: 1.12274, lower box near 1.11400 Possible Strategy: Sell setup: Look for confirmation candles or patterns near the orange/brown zones. Target: Previous demand zone or lower if structure breaks. SL: Above the orange/red zone to manage risk.
Short
by Greenfireforex
ADA 1-Year EMA Reclaim and Reversal (1D)After a double bottom at ~$0.50, BINANCE:ADAUSDT reclaimed the 1-year EMA (red) with a ~+9% large bodied daily candle, potentially shifting back to a bullish bias. Key Levels to Watch • $0.50-$0.58: Current support, a break below it would invalidate any bullish setup. • $0.73-$0.77: Current resistance, 0.236 fib extension, HVN, and key S/R in place since February 2022. This is the most crucial level that the bulls need to reclaim. • $1.10-$1.30: Main supply zone, with significant weekly and daily sell order blocks, plus 0.618 fib extension. A daily close above above $0.77 would offer a good chance at retesting 2024's highs.
Long
by AliferCrypto