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USD/MXN Defends Rebound from July LowUSD/MXN seems to be defending the rebound from the July low (18.5116) as it attempts to retrace the decline from earlier this week. A breach above 18.7780 (50% Fibonacci retracement) may push USD/MXN toward the monthly high (18.9810), with a move/close above 19.3720 (38.2% Fibonacci retracement) opening up the June high (19.4441). Next area of interest comes in around 19.6280 (23.6% Fibonacci extension), but USD/MXN may struggle to retain the rebound from the July low (18.5116) should it track the negative slope in the 50-Day SMA (18.8511). A move/close below the 18.5090 (23.6% Fibonacci retracement) to 18.6330 (50% Fibonacci retracement) zone brings the August 2024 low (18.4291) on the radar, with the next area of interest coming in around 18.1840 (61.8% Fibonacci retracement). --- Written by David Song, Senior Strategist at FOREX.com
by FOREXcom
Mastering One Good Trade for New York Session📍 Trade Overview Asset: Nasdaq 100 E-Mini Futures Direction: Short Entry Price : 23607.0 Exit Price : 23512.85 Date of Trade : 08/07/2025 R:R Target : 5.26 Result: Win Timeframe: 15min 🧠 Trade Thesis Behavior of price was the key to this trade around the specific time of New York open along with sweeping the London high combined with an ADR pivot level and a rise in Asian and London for the reversal in New York. 📊 Technical Breakdown Structure: (M formation, False Breakout, double top) Key Levels: (HOD supply/demand, pushed above London high, directly at ADR Pivot Level) Indicators (if any): (e.g., TDI, EMA confluence, RSI divergence) Volume Behavior: (3 pushes into the high for NY open, stop hunt, bearish engulfing on the 15 and 5 minute) ⏱️ Timing Session: NYC Minute of Entry: Early in the session / 10:10amEST Context in Session: Breakout window, equities hour 🧩 Execution Details Entry Trigger: (Candle close confirmation with a bearish engulfing) Stop Loss Location: (Above wick of 5 minute entry candle) Target: (ADR / measured move) 🔍 Post-Trade Analysis What went right? Price instantly rejected the level it was at and reached target fairly quickly. What could have been better? Could have taken YM for a better setup instead. Would I take this trade again? Yes. A+ setup but not A+++ due to it not being at a major level like the other indices were.
CME_MINI:NQ1!Short
by ChastonMatta
GBPUSD – DAILY FORECAST Q3 | W32 | D8 | Y25📊 GBPUSD – DAILY FORECAST Q3 | W32 | D8 | Y25 Daily Forecast 🔍📅 Here’s a short diagnosis of the current chart setup 🧠📈 Higher time frame order blocks have been identified — these are our patient points of interest 🎯🧭. It’s crucial to wait for a confirmed break of structure 🧱✅ before forming a directional bias. This keeps us disciplined and aligned with what price action is truly telling us. 📈 Risk Management Protocols 🔑 Core principles: Max 1% risk per trade Only execute at pre-identified levels Use alerts, not emotion Stick to your RR plan — minimum 1:2 🧠 You’re not paid for how many trades you take, you’re paid for how well you manage risk. 🧠 Weekly FRGNT Insight "Trade what the market gives, not what your ego wants." Stay mechanical. Stay focused. Let the probabilities work. FX:GBPUSD
Long
by JCFRGNT
BABA 1M: Chinese favorite rising againTechnical setup: Breakout from long-term triangle Retest of trendline confirmed Price holds above Fibo 0.236 (116.94) First resistance: 151.85 Fibo targets: → 0.5: 187.82 → 0.618: 219.50 Trade plan: → Hold after successful retest → Add on dips to 116–118 Targets: 151.85 / 187.82 / 219.50 Fundamentals: Alibaba is restructuring around cloud and AI. Regulatory pressure from China is easing, and earnings are stabilizing. Buybacks and renewed institutional interest provide strong mid-term support. Conclusion: Alibaba may fall seven times, but rise eight — especially when Fibo and price action agree.
NYSE:BABALong
by InvestWorld_777
Bullish reversal?USD/JPY is reacting off the support level which is an overlap that aligns with the 78.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 147.06 Why we like it: There is an overlap support level that lines up with the 78.6% Fibonacci retracement. Stop loss: 145.83 Why we like it: There is a multi-swing low support. Take profit: 148.95 Why we like it: There is a pullback resistance level that is slightly above the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Nifty is bullish but the concern is...Total Volume and closing were strong today — that’s a good sign. But the only concern is that sellers' volume was 218 million more than buyers. That’s a big gap and something we can’t ignore. NSE:NIFTY Pivot is at 24,524, and Pivot Percentile is 0.29% — that’s slightly high, so expect volatility. If Nifty opens with a gap down and then sustains above the Pivot for 1 hour, we might see a good upside, and it would be worth chasing. A gap-up open won’t be ideal — a controlled open near the pivot is better. Apart from sellers’ volume, everything else looks bullish. Even the options data is pointing toward a move up, with a target zone near 24,800. So, my view for tomorrow is cautiously bullish. NSE:BANKNIFTY is looking much stronger than Nifty. This time, the rally might be led by NSE:CNXPSUBANK . - Support: 55,294 - Resistance: 55,650 If BankNifty moves, chances are Nifty will follow as well. Top Sectors to Watch: NSE:CNXIT NSE:CNXPHARMA If you remember, I had mentioned earlier — this time when the market starts bouncing back from the bottom, IT sector will be the first to run. That’s all for today. Plan your trade and Trade your plan. Take care. Have a profitable tomorrow.
NSE:NIFTY
by Trendxinc
Nq & Es Key Levels & Scenarios 07-08-2025It’s clear that we’re currently operating within a premium zone of the range. The directional bias remains bullish, but I’m anticipating the potential for a short-term short setup around the 09:30 AM New York open, allowing for a retracement before continuation higher. I will not look for long setups unless price trades back into a discount zone, or at the very least, rebalances toward the equilibrium (50% of the dealing range). If price continues to rally without offering such a pullback, I’m fully prepared to stay sidelined — discipline over FOMO. Wishing everyone clean, high-probability setups today.
CME_MINI:NQ1!
by FTAKAS
2
FTNT Long-Term Support & SetupWith Fortinet (FTNT) recently reporting strong Q2 earnings and beating expectations on both top and bottom lines, the stock is seeing a sharp sell-off. Driven by macro uncertainty, rising competition, and weaker Q3 guidance, this move was anticipated for months as FTNT has been trading at the top of a well-defined trend channel, and we've been waiting for a pullback to key long-term support levels. Fortinet's Fundamentals: With the semiconductor rally stealing the headlines, the demand for cybersecurity is only rising in tandem with the digital transformation and AI adoption. FTNT remains at the top when it comes to firewalls and network security with consistently high margins, strong FCF, and revenue. Long-term, FTNT is a strong player, and the fundamentals support higher valuations. This quarter: - Revenue $1.63B (+13.6% YoY) - EPS $0.57 (+16.3% YoY) - Cash From Operations 451.9M (+32% YoY) - Gross Margin 80.7% - ROIC 37.5% This pullback was expected at some point this year and represents a strong opportunity to capitalize on increased demand for a top cybersecurity firm. On the monthly chart, FTNT has now retracted to its major technical area near $70 - an area of strong historical support and key moving averages: - The 50-month SMA sits around $69.4, an area where high volume-by-price is elevated, showing high interest starting around the $69.6 level. - FTNT has respected the 50 SMA numerous times over the last several years, typically at the bottom of this trend channel. The weekly & daily charts show a similar story: - The 200-week SMA also aligns ~ $69.4, reinforcing the idea of a strong long-term support to be tested. - The 1000-day SMA around the same zone has acted as another reliable bounce level - notably in November 2023 and July 2024, where the stock launched to all-time highs after the bounce. Trade Setup: - Entry: Initiate position ~ $69-70 - Add to position ~ $65 (a multi-year trendline support & final buy zone) - Target 1: $96 to fully close the gap following recent earnings - Target 2: $110+ (prior highs and back to the top of the trendline resistance) Swing trade, holding for 4-12 months depending on momentum and shifting macro environment
NASDAQ:FTNTLong
by RocDiDo
Bitcoin Bullish Flag Pattern Analysis & $140,000 Target🚩 Bullish Flag Pattern Formation Bitcoin is currently forming a bullish flag pattern on the 4-hour chart. This pattern typically appears after a sharp upward move and represents a short-term consolidation within a descending channel. It usually signals a continuation of the strong bullish trend. Currently, the price is oscillating between the upper and lower boundaries of this channel, poised for a potential breakout. ⏳ Duration of the Correction Phase The correction inside this channel has lasted from July 14 to August 8, 2025, spanning approximately 25 days. This relatively long consolidation period indicates a deep stabilization phase, allowing the market to gather momentum for the next upward wave. During this time, Bitcoin traded in a tight range between the channel’s support and resistance levels. ⚠️ Critical Resistance at $120,000 The key resistance level to watch is $120,000. If Bitcoin can break this level decisively with strong volume and confirming candles, the bullish flag pattern will be validated, signaling a continuation of the upward trend. This breakout point is considered an optimal entry for new long positions. 🎯 Price Target at $140,000 The target price derived from the bullish flag pattern, calculated by measuring the flagpole and projecting it from the breakout point, is around $140,000. This represents approximately a 20% gain from the breakout and may serve as a significant psychological resistance level.
Long
by arzdigitalistha
Gold completing a 4-month Bull Flag consolidation, 3800 next! We can see the classic bull flag consolidation pattern which has been going on ever since the stock market decided to go on a rager! Even with that going on, smart money continues to buy gold on the dips as you should too. Once Trump installs a phoney new BLS chief and moves to pressure the Fed by nominating a new governor after Kugler's departure the message will be clear: 1) the BLS and the Fed are no longer independent 2) the US dollar is going to tank 3) Gold is going to boom! Good luck and happy trading!
COMEX:GC1!Long
by CryptoTaoist
Gold Trading Strategy August 8XAUUSD – Bullish Breakout from Triangle Pattern Gold has officially broken the upper boundary of the triangle accumulation pattern, confirming the continuation of the uptrend. This bullish momentum is heading directly towards the 3430 area, and if the buying pressure is maintained, the 3445 level is completely within reach. Today is Friday, the closing day of the weekly candle, so the oscillation amplitude is usually stronger and the price can easily approach new peaks. Observation shows that the buying pressure in the US session has been maintained continuously in recent days - this supports the strategy of BUYing now and holding until the US market opens. Support zone: 3385 – 3365 – 3333 Resistance zone: 3419 – 3431 – 3445
OANDA:XAUUSDLong
by TVS-Trader
ETH | Ethereum Game Plan - Swing Long IdeaETH | Ethereum Game Plan - Swing Long Idea 📊 Market Sentiment Market sentiment remains bullish, supported by expectations of a 0.25% rate cut at the upcoming FOMC meeting. The weakening USD and rising risk appetite across global markets are favoring crypto assets in particular. 📈 Technical Analysis Price swept the range low (Weekly Fair Value Gap), resulting in a deviation. It then aggressively reclaimed higher levels and closed above key resistance. A 12H demand zone was formed during this move. We’re now seeing a retracement towards that 12H demand zone. 📌 Game Plan I’m looking for price to hit the 12H demand zone at $3,530 and show a strong reaction. This level is also below the 0.5 Fibonacci retracement, placing it in the discount area — an ideal entry zone for me. 🎯 Setup Trigger After price taps the demand zone, I want to see a 1H–4H bullish break of structure to confirm the reversal before entering. 📋 Trade Management Stoploss: Below 1H–4H swing low Targets: • TP1: $3,872 • TP2: $4,090 I’ll trail my stop to lock in profits aggressively as price moves in my favor. 💬 Like, follow, and comment if this breakdown supports your trading! More setups and market insights coming soon — stay connected!
Long
by UA_CAPITAL