Forex market
GBPUSD 4H Elliott Wave analysisCOUNT #1
We are approaching the peak and anticipate a correction before the uptrend resumes. It appears to be an expanding final diagonal. Wave A of the fifth wave is often a long impulsive wave, followed by a short corrective wave B. Please be cautious, as the final wave C could be extended.
The target could reach 1.3660.
Love Elliott !!
GBPUSD – 4H Medium–long term = Bearish1. Market Structure (Higher Timeframe Bias)
Primary structure:
Price has been moving inside a large descending channel for months.
Recent development:
From the November low, price formed a rising internal channel (counter-trend move) → this is a pullback within a broader downtrend, not yet a confirmed trend reversal.
Bias:
🔸 Medium–long term = Bearish
🔸 Short term = Bullish corrective rally
2. Key Zones & Levels
🔻 Major Support
~1.3010 – 1.3040
Channel low
Strong reaction point (blue marker)
Previous demand
If this breaks → continuation bearish scenario accelerates
🔺 Key Resistance
~1.3590 – 1.3710
Descending channel top
Prior structure high
Confluence with trendline resistance
~1.3860 – 1.4150
Higher supply zone
Valid only if price breaks and holds above 1.3710 with structure shift
3. Current Price Action Insight
Price is approaching the upper boundary of the rising channel
Momentum is bullish, but:
Rally is compressed
Approaching HTF resistance
Risk/reward for fresh longs is worsening
4. Trade Scenarios (High-Probability Plans)
🟥 Scenario A: Trend Continuation (Preferred)
Sell the rally
Entry: 1.3550 – 1.3700 (rejection + bearish confirmation)
Stop: Above 1.3860
Targets:
TP1: 1.3300
TP2: 1.3050
TP3 (runner): Channel low continuation
✔ Best RR
✔ Aligned with HTF trend
✔ Matches your “Risk Entry” idea
🟩 Scenario B: Break & Retest (Reduced Risk Long)
Only if structure flips
Conditions:
Clean break above 1.3710
4H close above
Retest holds as support
Entry: Retest of 1.3710
Stop: Below 1.3590
Targets: 1.3860 → 1.4150
⚠ Counter-trend until the descending channel is fully invalidated
EURAUDI’m focusing on two pairs this upcoming week,in this case EURAUD.Price has broken the lower-low structure to the downside, but I’m not anticipating a continuation,I’m looking for a reversal to the upside, provided price confirms. That confirmation window is two days. If I don’t see real intent within that period, I get comfortable with doing nothing. That’s the paradox of trading,you already know what’s likely to happen, but you can’t get attached to the idea.
TheGrove | EURUSD buy | Idea Trading AnalysisEURUSD is moving in an UP trend channel and moving on Resistance area .
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
EURUSD has been trading within a well-defined weekly range for an extended period. Currently, the price has reached the major resistance zone (Range High), coinciding with the 0.707 and 0.786 Fibonacci retracement levels.
Technical Outlook:
Overbought Conditions: On the Daily timeframe, the price is currently in overbought territory. This suggests that the bullish momentum might fade temporarily, leading to a healthy correction.
Expected Move: We anticipate a retracement toward the equilibrium level (mid-range)before any further attempt to break the resistance.
Ultimate Target: After building liquidity at the lower/mid levels, a move to break the range high is the primary long-term scenario.
Trading Plan:
We are avoiding any long positions at the current peak. Our execution plan is:
Waiting for a proper correction to enter long at a better Risk/Reward ratio.
Or, waiting for a clear breakout and retest above the range high.
Don’t forget to like and share your thoughts in the comments! ❤️
EURUSD: 1.1750 Support Sets Up a Retest of 1.1800Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD has confirmed a bullish shift after breaking out of the previous downward channel, signaling a clear change in market structure from bearish to bullish. This breakout marked the start of a strong impulsive move higher, with price establishing higher highs and higher lows. Following the breakout, EURUSD respected a rising trend line, which is now acting as dynamic support and reinforcing the bullish bias.
Currently, price pushed into the 1.1800 Resistance Zone, where selling pressure emerged, leading to a rejection and short-term pullback. This reaction looks corrective rather than impulsive, suggesting profit-taking instead of a trend reversal. The pullback is currently unfolding toward the Support Zone around 1.1750, which aligns with the previous breakout area and the ascending trend structure. This zone has already shown buyer reaction, indicating active demand.
My Scenario & Strategy
My primary scenario remains bullish as long as EURUSD holds above the 1.1750 Support Zone. I expect buyers to defend this area and attempt another push toward the 1.1800 Resistance Zone. A clean breakout and acceptance above 1.1800 would confirm bullish continuation and open the path toward higher targets.
However, a decisive breakdown below the support zone would weaken the bullish structure and signal a deeper corrective move. For now, price action favors buyers while the ascending structure and key support remain intact.
That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
EURUSD in Uptrend – Retest of Support Before Next PushHello traders! Here’s my technical outlook on EURUSD (2H) based on the current chart structure. EURUSD is trading within a clear bullish environment after transitioning from a prolonged consolidation phase into an impulsive upward move. Earlier on the chart, price was moving inside a range, indicating balance between buyers and sellers. This range was eventually resolved to the upside, confirming a shift in market control. Currently, price is trading above the Support Level around the 1.1750 area, which also aligns with the Buyer Zone and the former range high. This zone is acting as a key demand area after the breakout. The recent pullback appears corrective, with price retesting support rather than showing impulsive selling pressure. As long as EURUSD holds above this support zone, the bullish structure remains intact. My scenario: if buyers continue to defend the 1.1750 Buyer Zone, EURUSD could resume its upward move toward the 1.1800 Resistance Level and potentially extend toward the 1.1820 TP1. A clean continuation above resistance would confirm further upside momentum. However, a breakdown below the support zone would signal a deeper correction and weaken the bullish setup. For now, the structure favors buyers while price respects support. Please share this idea with your friends and click Boost 🚀
NZDUSD Will Go Down From Resistance! Short!
Take a look at our analysis for NZDUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.582.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.578 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
GBP/USD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are going short on the GBP/USD with the target of 1.340 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
EURUSD, Bearish Divergence, Double Top on 1H and 4H TF EURUSD, Bearish Divergence, Double Top on 1H and 4H TF
Bearish Divergence on Daily and price action is in distribution , close in a rectangular box
Wait for breakout, if it break above 1.19291 will be considered as bullish, a instant buy
Currently it is in consolidation due to divergence
if it break below 1.14029, consider a sell signal
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USDCHF at a Key Range | Breakdown or BreakoutHello and welcome to all TradingView traders 👋
I hope you’re having profitable and successful trades 📈
Today, I’m sharing a comprehensive analysis of USD/CHF, which is currently trading around key technical levels and may offer interesting trading opportunities.
📌 General Overview of USDCHF
The USD/CHF pair is widely known as a safe-haven currency pair.
At the moment, considering the broader macroeconomic environment:
🔴 From a fundamental perspective:
Based on recent news and market expectations, the US dollar is generally losing strength.
Factors such as interest rate cut expectations, weaker economic data, and reduced demand for the dollar have shifted market attention toward safer currencies like the Swiss Franc.
📉 Long-Term Trend Analysis
Looking at higher timeframes (Weekly & Daily):
🔻 The overall market structure remains bearish
Clear lower highs and lower lows are visible
Price is still trading below the long-term descending trendline
➡️ As long as this structure remains intact, the dominant bias stays bearish (sell-side).
📦 Current Market Condition (Daily Range)
On the daily timeframe:
🟡 Price is currently moving inside a well-defined range
Upper boundary acting as resistance
Lower boundary acting as support
The market is in a consolidation phase, waiting for a clear directional decision.
📐 Key Technical Levels & Chart Explanation
🔹 Resistance Zone:
A strong area where price has been rejected multiple times, aligned with the descending trendline
🔹 Support Zone:
The lower boundary of the daily range; a confirmed break could trigger stronger downside momentum
🔹 Descending Trendline:
Each interaction with this trendline may offer potential sell opportunities
🎯 Trading Scenarios
🔵 Scenario 1: Range Trading
Buy near support ⬆️
Sell near resistance ⬇️
Suitable for range traders
⚠️ Always place stop loss outside the range
🔴 Scenario 2: Bearish Breakdown (Support Break)
If price confirms a daily close below support:
📉
Continuation of the bearish trend
Lower targets become active
Pullbacks toward the broken support may provide sell entries
🟢 Scenario 3: Bullish Breakout (Resistance Break)
If price confirms a strong daily close above resistance:
📈
Short-term corrective move or potential trend shift
Higher targets come into play
Prefer entries after a pullback for better risk-to-reward
⚠️ Risk Management
✔️ Do not trade without confirmation
✔️ Use proper position sizing
✔️ Always wait for the daily candle close
❗ Disclaimer
This analysis reflects personal opinion only and is not financial advice.
All trading decisions are made at your own risk 🧠💼
📊 What’s Your View?
Which side do you think USDCHF will break from the range? 🤔
🔼 Upside breakout
🔽 Downside breakdown
💬 Share your thoughts in the comments
🔖 Tags:
#USDCHF #Forex #TechnicalAnalysis #PriceAction
#RangeTrading #Breakout #FundamentalAnalysis
#TradingView #SmartMoney #RiskManagement






















