Hi traders The previous idea so I shared on March 19th came true and was very pleasing? ? But now Given the bullish momentum of the market, I expect the next resistance zone to be around 3105-3120 I think the most appropriate price to buy is 3062, of course, if the price pulls back My idea is based on the technical and fundamental events that I see in the market(President Trump's ideas and words regarding Iran and the Middle East and the decisions of central banks)
https://www.tradingview.com/x/g7X7Ho0X/ Hello, Friends! Previous week’s red candle means that for us the USD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 150.465. 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✅
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a BTC/USD Sell. Enjoy the day all. Cheers. Jim
Price just formed a falling wedge pattern. It’s a sign there’ll be a possible further decline In price to a support level of 1.40933 . A sell opportunity is envisaged upon breaking the lower board of the wedge pattern.
I hope you find it useful in your perspective of the market.
Potential Major Move on Thursday, April 17, 2025 ? ? Based on an analysis of historical Bitcoin chart averages and similar patterns, there is a likelihood of a significant price movement on this date. This analysis is conducted using technical analysis and a detailed examination of Bitcoin’s movement averages. It suggests that approximately every 150 days after the start of a neutral trend, we can expect a sharp upward or downward move that sets the stage for the main trend in the future. ? As of the current date, March 29, 2025, there are about 18 days left until this significant event. You can follow the results of this analysis and the conducted review on TradingView on the specified date.
Chart Overview: The provided EUR/USD daily chart displays a well-structured Rising Wedge pattern, which eventually led to a significant bearish breakdown. The analysis highlights key levels, including resistance, support, stop loss, and a downside target, all of which contribute to a well-planned trade setup. The market structure suggests a strong bearish continuation, targeting lower price levels based on technical projections. 1. Chart Pattern: Rising Wedge Formation & Breakdown A Rising Wedge is a bearish reversal pattern that forms when price creates higher highs and higher lows, but the slope of the trendlines indicates weakening bullish momentum. This pattern is often a signal of upcoming bearish price action once a breakout occurs. Pattern Breakdown Analysis: The price moved inside the wedge, showing a gradual upward trend with declining momentum. Upon reaching a key resistance level, price faced strong rejection (marked with a red circle). The bearish breakdown below the wedge confirmed the pattern, leading to a sharp decline. A retest of the broken wedge followed before continuing downward. This confirms a classic bearish trend reversal, making it a strong technical setup. 2. Key Levels and Trade Setup: ? Resistance Level (Major Supply Zone) The resistance zone (highlighted in beige) acted as a strong supply area, where buyers lost control. Price reached this resistance multiple times but failed to sustain above it. A bearish reversal initiated from this level, marking the beginning of a downward trend. ? Support Level (Key Demand Zone) The support zone (also highlighted) represents a major demand area where price previously reversed. This level aligns with historical price action, making it a critical area to monitor for potential reactions. ? Stop Loss Placement A stop loss is placed above the previous high within the resistance zone to protect against false breakouts. If price invalidates the breakdown and moves above this level, the bearish setup would no longer be valid. ? Price Target Projection The breakdown suggests a potential drop towards 1.00874, as indicated by the 100% measured move. This aligns with previous historical support, making it a realistic downside target. 3. Trade Execution Plan: How to Trade This Setup? ? Entry Strategy: Traders can enter short after confirmation of the breakdown and a potential retest. A sell position can be initiated around the resistance turned support after a pullback rejection. ? Stop Loss Strategy: A stop loss should be set above the resistance zone (around 1.12208) to minimize risk. This ensures protection against a bullish breakout invalidation. ? Take Profit Strategy: The first take profit target is set at the support level near 1.04498. The final take profit target is at 1.00874, which aligns with the full measured move projection. 4. Conclusion & Market Sentiment ? Bearish Market Bias – The breakdown of the rising wedge confirms strong bearish momentum. ? Key Resistance Held Strong – The price was unable to break above, confirming seller dominance. ? Downside Target Aligns with Previous Support Levels – A confluence of technical signals supports further decline. Final Thought: This chart presents a high-probability bearish trade setup in EUR/USD. The combination of a rising wedge breakdown, clear resistance rejection, and a defined downside target makes it an ideal short-selling opportunity. Traders should watch for price action confirmations and risk management strategies before executing trades. ? Risk Disclaimer: Always apply proper risk management and confirm signals before trading. Market conditions may change, so monitoring price behavior is crucial for trade adjustments.
The current market sentiment is bearish, indicating a potential further decline towards the 65k price point. However, we anticipate a rebound towards the 125k region. As we approach the 65k threshold, we expect a substantial price increase. To make informed investment decisions, it is crucial to observe a strong bullish trend before considering any bullish entries. For more insights and market analysis, please like and comment.?❤️ Team Setupsfx_
Hey Realistic Traders, Bitcoin is consistently hitting new lower lows. Could this signal that the bear market is here to stay? Let’s dive in....... On the H4 chart, Bitcoin is clearly in a bearish phase. It consistently trades below both the trendline and the EMA 200, reinforcing the downtrend. Additionally, a rising wedge pattern has formed and broken out, and the MACD has shown a bearish crossover. This crossover is a key indicator, signaling that momentum is shifting from buyers to sellers. Together, these signals suggest that Bitcoin may drop toward our first target at 79,081. After reaching this level, a short pullback is expected as traders take profits before the price continues its descent toward a new low at 73,633. This outlook remains valid as long as the price moves below the stop-loss level at 89,557 Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin.
Oil is declining from the 50-day moving average, and on higher timeframes, the price remains in a downtrend. A short trade could be considered, with the first target at 70.50 and the next at 68.00 . Stop-loss at 73.50 . For several reasons, I’m not a fan of short positions and prefer to trade short setups intraday without holding them overnight. Because of this, the trade is suboptimal for me. However, if shorts fit well into your trading system, this could be a good opportunity to capture the move.