Here is my outlook for the EUR/USD. light news week. i see the trend down continuing. break through some support, find the fair value gap and hold true to the trend.
Entry: $3,215.36 Target: $6666 Stop Loss: $2899 Trade Plan: This trade is based on a liquidity grab. The stop loss is set below the previous low. Reasoning: The price has shown a pattern of accumulation after taking liquidity with the possibility of further bullish movement as it nears the next resistance level. Watch for price action confirmation around the entry level before committing to the trade.
? Current Market Overview: The AUD/USD pair is trading at a current price of 0.62085 . Recent price movements suggest consolidation near this level, forming a potential base for upward momentum. ? Buy Signal Details: Entry Price: 0.6243 Stop Loss: 0.61994 Take Profit: 0.62866 ? Key Observations: Trend Analysis: The pair is recovering from oversold conditions on the 4-hour timeframe. RSI indicates neutral-to-bullish momentum, currently hovering near the 50-55 range . Support and Resistance Levels: Strong support identified at 0.6190–0.6200 . Immediate resistance is observed at 0.6240–0.6250 , aligning with our entry point. Volume Analysis: Buying pressure is building, with consistent above-average volume near 0.6200 . ? Strategy Commentary: A break above 0.6243 confirms bullish momentum and validates the buy entry. A well-placed stop loss at 0.61994 ensures minimal downside risk. The take-profit target at 0.62866 aligns with the upper channel of recent price action, offering a favorable risk-to-reward ratio. ? Risk Management Tips: Consider monitoring economic events that may impact AUD, such as commodity price trends or Reserve Bank of Australia announcements. Adjust your position size based on your risk tolerance, ensuring the total loss from the stop loss remains within your acceptable limits.
? * ? ### ? **Setup Breakdown**: 1. **? Key Support and Entry**: - **Entry Price**: Around **$0.35647**, right after the breakout from the descending wedge pattern. - **Support Level**: The key support level is at **$0.33097**, serving as a solid base for the bullish reversal. 2. **? Descending Wedge**: - A clear **descending wedge pattern** was formed, indicating **price compression**. - The breakout above the wedge signals **bullish momentum** and justifies the long trade. ? 3. **?️ Stop-Loss (SL)**: - **SL Level**: Placed below the support level at **$0.33097**, to protect against invalidation. - Recommended SL: Around **$0.329**. ? 4. **? Take-Profit (TP)**: - **TP Level**: The next resistance zone at **$0.42358** is a strong target for taking profit, ensuring a favorable **risk-reward ratio**. --- ### ? **Trade Summary**: - **Entry**: **$0.35647** - **Stop-Loss (SL)**: **$0.329** - **Take-Profit (TP)**: **$0.42358** - **Risk-Reward Ratio**: Approximately **1:2.5** (depending on SL and TP placement). --- ### ✨ **Pro Tips for this Trade**: 1. **? Volume Confirmation**: Look for increasing buying volume to confirm bullish momentum. 2. **⚖️ Risk Management**: As price moves above **$0.385**, consider moving your **SL to breakeven** to reduce risk. 3. **? Trailing Stop**: If momentum stays strong near **$0.400**, use a trailing stop to capture extended upside potential. --- ? This long trade setup is aligned with strong technical analysis principles. The breakout from the wedge and favorable risk-reward dynamics make it a **solid trade idea**. Keep monitoring the price action and momentum! ?✨
Technical Analysis: The possibility of Gold breaking the current resistance is higher than ever. This is the courtesy of the recent symmetrical triangle breakout and buyers stepping in at premium prices to push the yellow metal further upward. Furthermore, we can see price maintaining the uptrend by respecting the trend lines; currently having price at a higher low. Furthermore, Gold is currently trading at a Breaker Block and Daily Bullish fair value gap, where buyers may be interested to step in, as the FVG encapsulates two strong bullish unmitigated Demand zones, courtesy of previous week bullish price action. In an unlikely scenario where Gold breaks these levels, it’ll be important to carefully assess the market for any support/ demand zones. However, the current chart patterns and price action supports a bullish sentiment. Fundamental Analysis: The inauguration of Donald Trump as the president of USA and his high tariff proposals which creates uncertainties in the market with the inflation building up and a possible Fed rate cut all hand their consent to a bullish continuation to the yellow metal. Geopolitical tensions which remain open to escalation are also increasing the safe-haven demand of the yellow metal. It is important to monitor market movements, use a good risk management plan with predetermined stop losses when approaching the market, as market conditions are fully subject to sudden for gradual changes. Wishing all traders a profitable week!
CRYPTOCAP_OLD:WIF looks amazing here people are capitulating and chasing everything else under the sun extreme value here love the r/r long term. hat stays on
Hello Traders, CADCHF has been ranging from Sept. 2024 and now it is at our resistance zone, we might have a double top on our D1 time frame or Inv. H&Ss, if you look at your H4 you can clearly see Inv. H&S pattern, so if the market goes up to form a double top on a D1, you should understand that it's collecting orders since we already have a Inv. H&Ss on our H4. NB:NO REVERSAL PATTERNS NO ENTRY.
Zum Wochenauftakt steht nun die Vereidigung von Donald Trump im Fokus inkl. deiner folgenden 100 Dekrete die er direkt am ersten Tag umsetzen will. Guten Morgen :) Marken mit Wichtigkeit und hoher Reaktionsfreundlichkeit für heute und die nächsten Tage sind meiner Meinung nach: 20730, 20425, 20360, 20205, 20120, 19895, 19600, 19480, 19335, 19250, 19120, 19050, 18880, 18760, 18600 Chartlage: positiv Tendenz: aufwärts Grundstimmung: positiv Da unser Dax zum Donnerstag nicht negativ auffiel, sollte er ohne Probleme am Freitag nun oberhalb von 20650 einfach weiter steigen zur 20730 / 20760 oder gar 20800 und 20860. Würde er aber unter der 20600 abtauchen galt etwas Vorsicht, da wir ab und an in solchen Konstellationen auch mal sehen, dass der sich dann komplett den ganzen Tag auch wieder so runter kleckern lässt während alle dann long gegenschießen. So die Zusammenfassung der letzten Analyse. Doch unser Dax lies nichts anbrennen und drückte sich einfach über die 20650 und erreichte alle seine oberen Ziele. Damit bleiben wir erstmal weiter stark im Aufwärtsmomentum aktiv. Setzt sich das zum Montag weiter fort, was ein Überbieten von 20900 bereits einleiten kann, wäre 21060 ein schönes nächstes Anlaufziel und auch geeignet für etwas Gegenwind. Dreht er sich dort aber nicht weg, winken darüber sonst erst wieder 21230 und dann 21360 / 21420. Sollte unser Dax die neuen Hochs aber nicht mehr annehmen, oder hart genug von 21060 abgestoßen werden, könnte sich dann aber auch erstmal wieder ein Rücklauf zur 20520 / 20480 anbahnen, mit Zwischenstationen bei 20700 und 20640. Ich würde allerdings dafür gerne vorab noch ein neues Hoch sehen wollen. Sollte er zunächst runter handeln, könnte er vermutlich zu leicht nochmal wieder hochgezerrt werden. Die Scheine bleiben gleich. Für Aufwärtsstrecken der PG70KW KO 18600 sowie GQ9CGN KO 17000 und für Abwärtsstrecken der GG34Z4 KO 21400. Fazit: Am Freitag hat sich unser Dax weiter bis zur 20900 durchgeschlagen bekommen. Überwindet er die am Montag nochmal wäre mein nächstes Ziel dann bei 21060. Von dort wäre auch mal wieder ein deutlicherer Rücksetzer möglich. Verweigert er das aber und schiebt sich durch, hab ich erst bei 21230 und 21360 / 21400 attraktive Ziele. Nimmt unser Dax die neuen Hochs aber nicht an oder schlägt sich deutlich genug von 21060 nach unten um, wäre dann unterhalb von 20860 mit einem Rücklauf zur 20520 / 20480 zu rechnen mit Zwischenstationen bei 20700 und 20640.
"Pivot ray trend lines illuminate the direction of price movement, with the skull marking the exact spot where spoofing was initiated. Bold red horizontal rectangles represent my custom pivot zones, perfectly aligned with my VWAP and custom candlestick patterns. The three red arrows strategically highlight potential points where the price might begin its ascent, carving a pathway upward from the trendline rays like a rocket waiting to be launched. Pay close attention to the trendline rays—they’re not just lines; they’re pathways with purpose. Watch how the price dances in waves, teasing upward progress, only to drop back down, retracing its steps along these pivotal pathways. The story unfolds in waves, and the price will reveal its intentions as it navigates these mapped-out trajectories." I’ve laid a copy over the original chart, so please ignore the dates from the original chart. The prices are nearly aligned, so the focus should remain on the overall analysis rather than specific dates. For Viewing the Chart Copy Clearly (with Dates and Prices, if needed): • On Mobile Devices: Rotate your screen horizontally and use a browser to view the chart. This will allow you to move the copy around for better visibility. • On PC or Laptop: You can manually adjust the overlay by dragging it to explore the chart in greater detail. Chart Compression: The copied chart may appear slightly compressed, but it is closely aligned with the original chart in terms of price structure. Any minor discrepancies in alignment should not affect the overall analysis. This idea is intended to highlight patterns and provide insights, not to pinpoint exact dates or price levels. Use these visuals as part of a broader, flexible strategy rather than fixed predictions or outcomes. "Climbing the Grid BTC Edition" https://www.tradingview.com/chart/BTCUSD/qakrfmTt-Climbing-the-Grid-BTC-Edition/
We have market structure shift on Audjpy. wait for Price to pull back to the zone before buying.