EURUSD has been overbought for about a week, maybe two. It's time for a meaningful correction.
#### **Analysis Details:** - **Current Price:** $82,862 - **Stop Loss (SL):** $83,467 - $83,927 - **Take Profit 1 (TP1):** $82,213 - **Take Profit 2 (TP2):** $81,127 #### **Market Outlook:** - The chart suggests a potential **downtrend** as price is facing resistance near **$83,467 - $83,927**. - If price fails to break above this resistance, it may decline toward **$82,213 (TP1)** and further down to **$81,127 (TP2)**. - The market appears to be forming a lower high, which indicates bearish momentum. - Traders looking for **short positions** should consider entering around the current price with stop-loss above **$83,927**. This setup suggests a **bearish movement** unless Bitcoin breaks above the **resistance zone**.
Here we go, entry long for take this IHS pattern, bull still in control to reverse the momentum
use proper risk management bearish trend lower lows downward momentum
??? Gold news: ➡️ The spot gold price struggled to maintain the $3,100 level during US trading, dropping from a new record high of $3,167.68. The XAU/USD pair surged during Asian trading hours yesterday as market participants panicked following the "Liberation Day" announcement by US President Donald Trump. ➡️ Financial markets were in turmoil amid speculation that inflation would soar while economic progress could stall. Concerns over a potential economic recession in the US grew, along with speculation that the Federal Reserve (Fed) might need to adjust its monetary policy accordingly. The US dollar dropped sharply, and stock markets around the world also declined. Personal opinion: ➡️The drop in gold prices was mostly due to profit-taking by bulls after seeing the RSI of gold enter overbought territory and halting trading to monitor developments. ➡️Yesterday was a very rare crazy day when the gold price fluctuated up and down by 2000 pips. ➡️ Today the market will be slower and less volatile to wait for the NF news from the US to consider the new momentum to push the gold price. So watch the strong technical resistance - support zones to be able to make profits from them. Resistance zone: 3113– 3137 Support zone: 3085 - 3070 - 3060 Plan: ?Price Zone Setup: ?Buy Gold 3084- 3086 (Scalping) ❌SL: 3079 | ✅TP: 3090 – 3093 – 3100 ?Buy Gold 3058- 3060 ❌SL: 3053| ✅TP: 3065 – 3070 – 3080 ?Sell Gold 3128- 3130 (Scalping) ❌SL: 3135 | ✅TP: 3124 – 3120 – 3116 ?Sell Gold 3065- 3067 ❌SL: 3172| ✅TP: 3160 – 3155 – 3150 FM wishes you a successful trading day ???
Market news: Countermeasures from many countries against the United States - ① It is reported that Europe will slow down the pace of tariff retaliation; EU member states will vote on countermeasures against US steel and aluminum tariffs on April 9; ② Macron said that the response to US tariffs will be larger than before, and called on French companies to suspend investment in the United States. France may plan to impose retaliatory tariffs on large US technology companies. ③ Canadian Prime Minister Carney: Canada will impose a 25% tariff on all cars imported from the United States that do not comply with the US-Mexico-Canada Agreement. Technical analysis: Today's buying and selling boundaries: 1.3092 Support and resistance levels 1.3325 1.3238 1.3181 1.3003 1.2946 1.2859 Trading strategy: If the price breaks through 1.3181, consider buying, the first target price is 1.3238 If the price breaks through 1.3092, consider selling, the first target price is 1.3003
Looking to take a sell here. I'm getting in a little early. my "Sells after closure" is due to taking out yesterdays lows. hoping for a push to take out to daily pivots
Similar to the 4Q18 fractal from Trump 1.0 The current one is of course bigger and better
Gold's 1-hour moving average still shows signs of turning downwards. Although gold bulls have made a strong counterattack, it is also because of the risk-aversion news that stimulated a retaliatory rebound. However, gold continued to fall after rising, and gold began to return to volatility. In the short term, gold is supported near 3100. If gold falls below the support near 3100 again, then gold shorts will still have an advantage in this war. Overall, the impact of today’s non-agricultural data is expected to be dim. What is more important is the stimulation of the news. However, it may be noted that if gold holds the 3100 mark for a long time, then gold is expected to fluctuate upward above 3100. https://www.tradingview.com/x/y0UePN3y/ Trading idea: short gold near 3115, stop loss 3125, target 3100 The above is purely a sharing of personal views and does not constitute trading advice. Investments are risky and you are responsible for your profits and losses.
? ? Ticker: AOSL (NASDAQ) ? Setup: Bear Flag Breakdown + Retest Rejection ? Breakdown Zone: ~$20.17 (yellow zone retest failure) ? Trade Plan (Short Position) ✅ Entry Zone: $20.10–$20.25 ✅ Stop Loss (SL): Above $22.70 (white resistance) ✅ Take Profit Targets: ? TP1: $17.25 (red zone – prior support) ? TP2: $14.15 (green zone – major demand) ? Risk-Reward Breakdown ? Risk: $22.70 - $20.17 = $2.53 ? Reward to TP1: $20.17 - $17.25 = $2.92 → R/R ~1.15:1 ? Reward to TP2: $20.17 - $14.15 = $6.02 → R/R ~2.38:1 ? Technical Highlights Breakdown from falling wedge with retest Rejection off yellow zone = bearish confirmation Consistent lower highs, weak bounce = more downside Heavy volume on breakdown candle adds strength ⚙️ Trade Management ? After TP1: – Adjust SL to breakeven – Secure partial profits ? Ride remaining position toward TP2 with trailing SL ⚠️ Invalidation Triggers ❌ Break above $22.70 resistance ❌ Strong bullish engulfing candle with volume ❌ Price reclaiming wedge + consolidation above trendline