The U.S. Dollar Index (DXY) has formed a Head and Shoulders pattern on the 4-hour timeframe, signaling a potential bearish trend. After breaking the neckline, DXY has dropped significantly and is now approaching a major demand zone (103.50-104.00), where buying pressure could emerge. Key levels to watch: Support Zones: 103.50 - 104.00 (Strong demand area) Resistance Zones: 105.50 - 106.50 (Previous support turned resistance) Trade Idea: Entry: Around 103.50 - 104.00 Target: 106.00 - 106.50 Stop Loss: Below 103.00 (to avoid further downside risk) Risk-to-Reward Ratio: 1:3 Impact on Forex Pairs: If DXY moves up, currency pairs with USD as the base currency (e.g., USD/JPY, USD/CAD, USD/CHF) will likely move higher. On the other hand, pairs where USD is the quote currency (e.g., EUR/USD, GBP/USD, AUD/USD) will likely move lower as the dollar strengthens. Conclusion: If price holds at the 103.50-104.00 support, we may see a short-term bullish move towards 106.00-106.50. However, a break below 103.00 could lead to further downside pressure. Traders should also monitor major USD pairs for potential trade opportunities.
Given the bearish structure of AVA and the collection of Sell orders as functions, one can look for sell/short positions on the supply range A 4-hour candle close above the invalidation level will violate this analysis Do not enter the position without capital management and stop setting Comment if you have any questions thank you
There is a potential incoming bearish move on the 4 hour chart Stop loss: 87500 Take profit : Around 81k
Sell wall detected. A break of the wall signals upside. Momentum is strong on the downforce at the moment.
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There's some guy pushing => Trump----->stargate-------->data centers I can see his logic; its fresh, sure. Not many people know about this little gem, NASDAQ:APLD , Kinda snuck under the radar. An OG Miner/Data Center play. Sweet. Now would be the time to get in, Pre-palantir energy, is here, for sure. its a no brainer, with Trump, Elon, Ai & Data-centers. I would say, this week, ramping up, should get some reasonable price action ,. Who knows...... $120.......Maybe, sooner than we think.
This area is very important. If it is lost, it can lead to lower lines in the long run.
https://www.tradingview.com/x/sLWdVNlO/ Hello, Friends! We are going long on the USOIL with the target of 73.56 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Wave patterns to me suggest downtrend for now. Monitor accordingly
EGLD / MultiversX: We saw a five-wave decline into the support area back in September 2023. Since then, the price has struggled to rally impulsively and has largely failed to participate in the broader bullish market. While it's still holding long-term support at $13.35, which is a positive sign, the short-term structure doesn't provide much confidence for an imminent upside reversal. A recovery bounce is due, but for any meaningful rally to take shape, we need to see a break above $25.55. That would be the first indication that a low might be in. However, from there, we’d have to analyze the structure closely to determine whether it aligns with the yellow scenario or the more bearish orange scenario. At this stage, there are no clear patterns suggesting a move to all-time highs. The white scenario remains speculative and is not the preferred view, though it's still valid, which is why it remains on the chart. Between yellow and orange, I remain neutral for now. The short-term trend is still down, and until $25.55 is broken, there's no confirmation of a low being in place.