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Bullish bounce off pullback support?USD/JPY has bounced off the support level which is a pullback support that lines up with the 61.8% Fibonacci projection and could rise from this level to our take profit. Entry: 142.27 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci projection. Stop loss: 141.62 Why we like it: There is a pullback support level. Take profit: 144.05 Why we like it: There is a pullback resistance that lines up with the 38.25 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
GOLD surges to hit $3,371 target, continues to aim for $3,400OANDA:XAUUSD rose nearly 3% as US President Trump's tariff threats ratcheted up trade tensions, spurring investor demand for safe-haven assets and sending the dollar sharply lower. US President Trump said on Friday he would raise tariffs on steel and aluminium imports from the US to 50% from the current 25% starting June 4. This has once again disrupted international trade, Reuters reported. A European Commission spokesperson expressed deep regret over the US announcement that it would raise tariffs and said the EU was ready to take countermeasures. Gold prices surged on Monday to a more than four-week high and continued to rise early this morning (Tuesday, June 3) as geopolitical risks from the conflict between Russia and Ukraine escalated as US President Donald Trump continued to threaten tariffs. Trump doubled tariffs on steel and aluminum imports to 50%, effective June 4, adding to jitters in global markets. Ukraine launched its biggest drone attack since the war against Ukraine on Sunday, targeting a wide swath of Russian air bases on the eve of a second round of direct talks between the two countries. The drones, hidden in trucks, penetrated deep into Russia and hit strategic airfields as far away as eastern Siberia. At the same time, Moscow launched one of its longest drone and missile strikes on Kiev. In key US data on Monday, the ISM Manufacturing Purchasing Managers’ Index (PMI) for May showed a contraction in business activity. The ISM Manufacturing Purchasing Managers’ Index for May came in at 48.5, down from 48.7 in April, the lowest reading since November. Investors will also be closely watching comments from Federal Reserve policymakers this week for clues on the path of U.S. interest rates. Gold tends to benefit in low-interest-rate environments and times of geopolitical tension. Technical Outlook Analysis OANDA:XAUUSD After reaching the target increase at 3,371 USD, gold temporarily decreased slightly but overall it has enough conditions to continue to increase in price towards the next target at 3,400 USD in the coming time. In the short term, gold also formed an upward price channel, which is noted by the price channel, describing the short-term technical trend. Meanwhile, in terms of momentum, RSI is operating above 50, still quite far from the overbought area, showing that there is still a lot of room for growth ahead. For the day, the main outlook for gold is bullish, any pullbacks that fail to break below the confluence of the EMA21 with the 0.382% Fibonacci retracement should be considered only as a short-term correction, or a fresh buying opportunity. Finally, the short-term bullish trend for gold will be focused again on the following positions. Support: 3,326 – 3,300 – 3,292 USD Resistance: 3,371 – 3,400 – 3,435 USD SELL XAUUSD PRICE 3412 - 3410⚡️ ↠↠ Stop Loss 3416 →Take Profit 1 3404 ↨ →Take Profit 2 3398 BUY XAUUSD PRICE 3324 - 3326⚡️ ↠↠ Stop Loss 3320 →Take Profit 1 3332 ↨ →Take Profit 2 3338
OANDA:XAUUSDLong
by Xayah_trading
Bearish reversal off 50% Fibonacci resistance?USD/CHF is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8251 Why we like it: There is an overlap resistance level that lines up with the 50% Fibonacci retracement. Stop loss: 0.8313 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. Take profit: 0.8112 Why we like it: There is a pullback support level that aligns with the 78.6% Fibonacci projection. 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.
Short
by VantageMarkets
Tips on Counting Waves: Keep It Simple🔍 The Foundation: Motive vs. Corrective Waves Every price move can be classified into one of two types: Motive waves (which move in the direction of the trend) Corrective waves (which move against it) From there, we break it down into five core patterns: Impulse Ending Diagonal Zigzag Flat Triangle Each has its own rules and guidelines—but don't get overwhelmed. You don’t need to memorize everything before getting started. 🛠️ Chart Labeling Tips for Beginners When you're looking at a new price chart (especially a forex chart), here are some practical steps to follow: Start from an extreme — either a major high or low. That gives you the cleanest structure. Look for clarity — big, strong moves are usually motive waves. Choppy sideways moves are usually corrections. Use higher timeframes — if you’re planning to hold long-term, weekly or monthly charts in log scale are most helpful. Avoid complexity at first — don’t start by labeling patterns like expanding diagonals or triple zigzags. Stick with the basics: 5’s and 3’s. Remember wave tendencies — Wave 3 is usually the strongest and longest wave in a motive structure. In commodities, though, Wave 5 is more commonly extended. Look for Wave 3 as a clue — One of the biggest clues when trying to figure out where you are in the Elliott Wave structure is to find Wave 3. It typically has a strong, impulsive character and stands out clearly on the chart. Once you’ve spotted Wave 3, it becomes much easier to build the rest of the count around it. ⚠️ Don’t Force the Count If the structure isn't clear, don’t try to label it anyway just for the sake of having a count. Trading when the chart is unclear is like driving 100 km/h in heavy fog. 💡 If you can’t count it, don’t trade it. When you do spot a clean 5-wave move, it often implies that a correction will follow—usually into the area of the previous 4th wave. That’s a high-probability area to watch for setups. Here’s an example of a clean 5-wave move up. You can clearly see: Wave 1: Initial surge Wave 2: Pullback Wave 3: Strongest move (often extended) Wave 4: Sideways correction Wave 5: Final push 🤯 Avoid the “Alice in Wonderland” Trap Don’t fall down the rabbit hole of switching between timeframes endlessly: Weekly → Daily → 1H → 15m → 5m → 1m... and still confused. Take a step back. Zoom out. Look at the shape, the rhythm. The story becomes clearer. 🧩 Patterns Are Probabilities, Not Predictions Just because a pattern could be something complex doesn’t mean it should be labeled that way. Always ask: Is it probable, or just possible? Occam’s Razor applies here: the simplest explanation is usually the best one. 🔺 Reminder About Triangles If you see sideways, contracting price action near the end of a move, chances are it’s a triangle. Triangles precede the final wave in a sequence. Don’t try to get clever and label skewed or complex variations unless you have strong confirmation. 🧠 Final Takeaways Keep it simple: start with 5s and 3s. Focus on clear impulse and correction structures. Don’t trade what you can’t confidently label. Wave 3 is your guidepost—if you can spot it, the rest often falls into place. Complexity comes with experience—but you don’t need it to trade effectively.
by RealWaveTrader-
EUR/USD Forecast: Impulse Wave Progressing TowardThe EUR/USD is currently exhibiting a well-defined impulsive structure following the completion of a corrective (ABC) phase. The market has successfully formed waves (1) and (2), and is now advancing within wave (3), which typically carries the most momentum in an Elliott Wave cycle. The ongoing rally suggests wave (3) is targeting the 1.15350 level — a key Fibonacci projection area that aligns with previous structural resistance. Momentum remains strong, supported by bullish market structure and sustained buying pressure. Should wave (3) conclude near this zone, a brief corrective pullback into wave (4) is anticipated, likely retracing toward the 1.14440–1.14730 support range. This would offer a potential entry opportunity before the market resumes its higher trajectory in wave (5), targeting the 1.16077 level. T1: 1.14857 T2: 1.15090 SL: 1.13867
by Money_Dictators
XAUUSD – Bearish Rejection from 4H Resistance | Trendline RetestGold (XAUUSD) is currently reacting to a well-respected 4H resistance zone. After a bullish push, the price is showing signs of rejection, suggesting a potential pullback toward the trendline support. 📌 Trade Idea: Bias: Short-term bearish Entry Zone: Near current resistance area TP1: Minor support zone TP2: Ascending trendline (watch for reaction) SL: Above the resistance zone (invalidate on bullish breakout) 🧠 Confluences: Strong historical 4H resistance Clear market structure with higher lows Trendline acting as dynamic support Bearish reaction expected before continuation ⚠️ If price breaks and holds above resistance, this bearish idea becomes invalid. In that case, look for bullish continuation.
ICMARKETS:XAUUSDShort
by RadinFinancial
NZDJPY to find sellers at previous resistance?NZDJPY - 24h expiry Trading has been mixed and volatile. Price action looks to be forming a top. We look for a temporary move higher. Preferred trade is to sell into rallies. Bespoke resistance is located at 86.50. We look to Sell at 86.50 (stop at 86.75) Our profit targets will be 85.50 and 85.25 Resistance: 86.30 / 86.70 / 87.00 Support: 85.50 / 85.20 / 84.80 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
1
Bullish bounce?USD/CAD is reacting off the support level which is a pullback support and a bounce off this level could indicate a double bottom pattern which might lead to a potential price rise to our take profit. Entry: 1.3691 Why we like it: There is a pullback support level. Stop loss: 1.3634 Why we like it: There is a support level at the 127.22% Fibonacci extension. Take profit: 1.3818 Why we like it: There is a pullback resistance level. 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
EURUSD CRACK!I first turned bullish on the EUR back in November 2024 after the disastrous election results. I have always felt the 105 area was a good area to go long, fundamentally going back all the way to 2017. Here is an example. After 17 years of data, we can all agree that the 105 area was a great value to get long the EUR. Now we see a major CRACK! in the chart with the fundamentals to back it up. Again, I remind you I am a MACRO Trader. So my trades hold for a long, long time unless the facts change. I don't do 3 pips and i am out crap! Let this be a WARNING! To the dollar bulls! Click Boost, follow, subscribe! Let's get to 5,000 followers so I can help them navigate these crazy markets, too. ))
Long
by RealMacro
1
Potential bearish drop?GBP/USD has rejected off the reistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 1.3551 Why we like it: There is a pullback resistance level. Stop loss: 1.3590 Why we like it: There is a pullback resistance level. Take profit: 1.3446 Why we like it: There is an overlap support level. 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.
Short
by VantageMarkets
Market next move 🔻 Disruptive Bearish Analysis: 🧱 1. Failed Breakout Attempt Price is hovering at resistance but showing indecisive candles (small bodies, wicks on both sides). This hints at buyer exhaustion rather than breakout momentum. 📉 2. Bearish Divergence (Possible) If momentum indicators (e.g., RSI or MACD—not shown here) are diverging from price, it could signal a reversal. Price rising while momentum flattens or drops suggests a fakeout is likely. 🕳️ 3. Liquidity Grab Trap The chart may show a classic “bull trap”: Price broke resistance briefly but quickly fell back. This signals institutional liquidity grab, possibly before a downward push. 🔽 4. Volume Imbalance The spike in volume earlier may be followed by decreasing bullish volume, indicating weak follow-through. Sellers could take over if bulls can’t sustain pressure.
Long
by Gold_Free_Signals
Market next target 🟢 Disruptive Bullish Scenario: 🔁 1. Healthy Bull Flag or Consolidation The steep rally (+4.5%) may not lead to a breakdown. The current pause near $34.50 could be a bull flag or tight range consolidation, common in continuation patterns. 🔼 2. Volume Supports the Move Notice the strong rising volume on the breakout candles. This shows genuine buyer interest, not a pump-and-dump move. 🧲 3. Breakout Holding Above Previous Highs Price is holding above previous resistance, which now acts as support around $34.00–$34.20. Holding this zone can lead to a retest and breakout to new highs. 📈 4. Strong Macro Bullish Catalyst The U.S. event icon suggests important data is near. If the data (like weaker dollar or inflation concerns) supports metals, Silver could surge further rather than drop.
TVC:SILVERLong
by Gold_Free_Signals
Market next move 🔻 1. False Breakout Risk Price is hovering right at the resistance-turned-support zone. The candles above this zone have long upper wicks, signaling rejection and selling pressure. This may be a bull trap before reversal. --- 📉 2. Decreasing Bull Volume Volume peaked earlier, but the most recent green candles are showing lower volume, suggesting weakening bullish momentum. Lack of strong follow-through volume often precedes reversals. --- 🕳️ 3. Overextended Rally Gold has moved sharply upward recently (over +2.5%). There may be a need for a cooldown or retracement, especially if no fresh catalysts emerge. --- ⚠️ 4. Macro Factors Unpriced The chart includes a U.S. event icon, likely representing upcoming economic data (e.g., Fed comments, job reports). Any hawkish surprise (rate hike concerns, strong jobs report) could cause a sharp reversal in gold due to rising yields and a stronger USD.
TVC:GOLDLong
by Gold_Free_Signals
Market next target 🟢 1. Strong Support Zone Nearby The region around $103,500–$104,000 has acted as a strong demand zone historically (look left). BTC might bounce from this level instead of continuing the downtrend. --- 🔄 2. Consolidation, Not Breakdown The price action appears more sideways/choppy than strongly bearish. Without a clean breakdown candle below key support, this might be accumulation, not distribution. --- 📉 3. Bearish Momentum Weakness Volume on the recent red candles is not significantly increasing. This implies lack of strong conviction from sellers.
Long
by Gold_Free_Signals
Market next move 1. Bearish Rejection Zone The red box highlights a consolidation/resistance zone. BTC is struggling to break and close above this area. Multiple candle wicks into the zone suggest seller strength. --- 📉 2. Volume Weakness The recent upward candles show lower volume compared to the selling candles before it. This indicates that the buying pressure may be weak, lacking momentum for a breakout. --- 🕳️ 3. False Breakout Trap Risk A fakeout above the resistance box is possible if big players trigger buy orders and then reverse the market, trapping retail traders. --- 🟠 4. Bearish Divergence (if confirmed by RSI or MACD) Without indicators shown, if momentum indicators like RSI/MACD display divergence (price up but momentum down), it’s a bearish signal.
BITSTAMP:BTCUSDLong
by Gold_Free_Signals
AUD/USD Coiling for Breakout as Wedge Tightens Below 200-day SMAAUD/USD is threatening a breakout from a bullish ascending triangle pattern after weeks of tight consolidation: Triangle Pattern: The pair has carved out a clear ascending triangle, marked by higher lows and resistance near 0.6500. Today's breakout attempt is the most convincing yet. Key Levels in Play: 0.6500 remains the neckline to beat, while the 200-day SMA (currently near 0.6446) has served as a gravity line for weeks. A daily close above both would mark a significant technical shift. Momentum Gauges: RSI is lifting off the 50 level, hinting at building bullish momentum. MACD is attempting to cross above the zero line but still lacks follow-through. Targets: A confirmed breakout opens the door toward the 0.6558 Fibonacci level, with 0.6730 a stretch target if momentum builds. Failure to break higher from here could bring a sharp drop back toward support near 0.6360. Keep an eye on volume and closing strength. -MW
by FOREXcom
TONCOIN Hits First Target with 27% Gain – More Upside Ahead?By examining the #TONCOIN chart on the 3-day timeframe, we can see that after the last analysis, the price successfully hit the $3.64 target and has gained a total of 27%. Following this rise, the price entered a corrective phase and is currently trading around $3.15. The analysis remains valid, and I still expect further upside from this cryptocurrency. The expected return is around 20% in the short term, 40% to 55% in the medium term, and 110% in the long term. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
2
NZDUSD: Bearish Continuation & Short Trade NZDUSD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short NZDUSD Entry Point - 0.6018 Stop Loss - 0.6051 Take Profit - 0.5952 Our Risk - 1% Start protection of your profits from lower levels Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1