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USD/CAD Trend Today - Waiting for US Tariff News🔔🔔🔔 USD/CAD news: ➡️ The USD/CAD pair reached a two-and-a-half-week high on Tuesday, though it struggled to gain acceptance or extend its intraday advance beyond the 1.4400 mark. Nevertheless, spot prices held onto their recent recovery gains as traders awaited U.S. President Donald Trump’s announcement on reciprocal tariffs before making fresh directional bets. ➡️ Meanwhile, the U.S. dollar’s ​​modest strength provided support for the USD/CAD pair. In contrast, the Canadian dollar (CAD) weakened amid escalating risks of a U.S.-Canada trade war. Additionally, domestic political uncertainty ahead of the snap election on April 28 was seen as putting pressure on the CAD, further bolstering the currency pair. Personal opinion: ➡️ The CAD is increasingly likely to be volatile, so the USD/CAD uptrend is likely to continue in the near term. ➡️ However, the pair’s RSI is diverging, so it will decline in the short term. In addition, the sellers are waiting for the US tariff policy, so they will pause to evaluate the data. so this could be the time to buy USD/CAD at a good price. ➡️ Analyze based on resistance - support levels combined with pivot points and EMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy USD/CAD 1.4370 – 1.4360 ❌SL: 1.4330 | ✅TP: 1.4400 – 1.4440 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
Nasdaq updated forecast with sell-side & buy-side targetsNQ futures aiming at 18900 level off these last highs. Now seeing developing weakness... expecting sellers to take it down for one more low as we approach the implementation of Trump's tariffs on 4/2. Look for renewed buyer strength after the next set of lows as we approach the next FOMC rate decision into first half of May 2025. This is a great swing trade setup for TQQQ, if desired, or long dated in-the-money QQQ call options.
CME_MINI:NQ1!
by DaveTradesLive
ONENTRYGBP/JPY Overnight Range Breakout Strategy Timeframe: 30 Minutes Session: London Pre-Market (00:00 - 06:30 +2GMT) Step 1: Identify the Overnight Range Mark the high and low of the price range between 00:00 - 06:30 (+2GMT). Wait for a clear breakout with a candle closing above (for longs) or below (for shorts) this range. Step 2: Apply Fibonacci Levels After the breakout, use the Fibonacci retracement tool: Anchor Point 1: Start at the close of the breakout candle. Anchor Point 2: Drag to the start of the impulse move (first candle of the range). Key level for entry: 0.5 and 0.35 retracement. Step 3: Trade Execution Entry: Enter on a pullback to 0.5 and 0.35 Fib level after the breakout. Stop Loss (SL): Long trades: Below the low of the breakout candle’s body. Short trades: Above the high of the breakout candle’s body. Take Profit Targets: TP1: 1.0 Fib (1:1 risk-reward). TP2: 1.6 Fib extension. TP3: 2.3 Fib extension (runner position). Step 4: Trade Management Move SL to breakeven when price hits TP1. ENTRY #1 193.44 ENTRY #2 193.52 SL 193.75 TP FIB EXTENSIONS
Short
by ONENTRY
EURJPYHello Traders! 👋 What are your thoughts on EURJPY? This pair is currently trading below a key resistance zone and has also broken its ascending trendline. The price is now in the process of pulling back to the broken trendline, consolidating around that area. We expect that after completing the pullback and some consolidation, the pair will decline at least toward the specified support levels. Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
2
gbpusdBelow is a step-by-step analysis of the GBP/USD chart you shared, applying the integrated strategy (Markttechnik structure, Heiken Ashi confirmation, liquidity sweeps, and inducement). --- 1. Higher-Time-Frame Context (If Available) Although the screenshot only shows a 15-minute (M15) view, the Markttechnik approach typically begins by checking a higher time frame (H1, H4, or Daily) to confirm the overall trend. Without that info, well focus on the visible structure in your screenshot and assume a relatively range-bound or chopn M15 From the screenshot, there are several labeled swing points (Point 1, Point 2, Point 3), indicating how price is moving between support and resistance levels: 1. Upward Swings to ~1.299 Price seems to push into the 1.299 - 1.3000 zone multiple times, forming potential liquidity above these highs. 2. Downward Swings to ~1.289 - 1.290 Each time price drops, it finds some support around 1.290, suggesting liquidity pockets or demand near that level. Overall, the chart looks like its oscillating between these swing highs and lows, creating a short-term range. --- 3. Heiken Ashi Candle Clues Heiken Ashi candles can smooth out noise: Bullish Phase: Consecutive green candles heading toward 1.299. Bearish Phase: Consecutive red candles after failing to break above 1.299 convincingly. From the screenshot, the most recent move seems bearish (red Heiken Ashi candles) after the pair failed to hold above 1.2951.296. --- 4. Liquidity and Inducement Analysis 1. Liquidity Above 1.299 Those highs near 1.2991.3000 represent a potential liquidity pool. Each time price approaches this area, sellers stop-losses (and buyer breakout orders) may cluster above. 2. Liquidity Below 1.290 Price has revisited ~1.2891.290. Any move below this area could trigger stops from buyers, offering a sweep scenario if price dips and reverses. 3. Inducement / False Breakouts Notice the wicks or brief pushes above ~1.299 that fail to continue higher. This can be an inducement to trap buyers expecting a breakout. After failing to push higher, price reverses and drops quickly. --- 5. Potential Trade Ideas Scenario A: Short After Liquidity Sweep Above 1.299 1. Setup Price attempts to break 1.299, forms a final push (liquidity grab), then produces a red Heiken Ashi candle that closes back below 1.299. 2. Entry Once a strong bearish Heiken Ashi candle closes below the high, indicating a false breakout, enter a short position. 3. Stop Loss Above the recent liquidity sweep (slightly above 1.3000). 4. Take Profit At or near the 1.290 support area (or even lower if you see momentum). Scenario B: Long After Liquidity Sweep Below 1.290 1. Setup If price breaks below ~1.290, you watch for a false breakdown. A quick rejection with a strong bullish Heiken Ashi close back above 1.290 can signal the sweep is complete. 2. Entry Go long when a bullish Heiken Ashi candle confirms a rebound above the liquidity zone. 3. Stop Loss Below the recent low (slightly under 1.289 or the lowest wick). 4. Take Profit Near the 1.299 resistance or previous swing highs for a 2:1 (or better) reward-to-risk ratio. --- 6. Markttechnik Point 1, 2, 3 Perspective Based on your labeling: Point 1 / Point 2 / Point 3 could mark successive swings (higher highs or lower highs/lows). Each Point 3 might be where the market turns after failing to break a prior level, or it could be your next decision zone. In a ranging environment, these points help you see the oscillation between support (demand) and resistance (supply). A trade signal would trigger when the market sweeps one of these points and then clearly reverses. --- 7. Putting It All Together 1. Identify Key Zones 1.290 (support & liquidity) 1.2991.300 (resistance & liquidity) 2. Look for Sweeps Watch for price to poke above/below these zones and then close back inside. 3. Heiken Ashi Confirmation Enter on a Heiken Ashi candle that confirms the reversal. Consecutive red for short, consecutive green for long. 4. Risk Management Stops outside the liquidity sweep, targets at least 2:1. 5. Execution Given the current screenshot, the market recently turned down from near 1.2951.296. You could wait to see if it sweeps below 1.290 for a potential buy, or if it returns to ~1.299 for a potential sell. --- Conclusion Short-Term Bias: Slightly bearish after failing to break above 1.2961.299. Potential Long Setup: If price dips below 1.290 and quickly reverses (false breakdown). Potential Short Setup: If price rallies again to 1.2991.300 and fails (false breakout). By monitoring liquidity sweeps around these key zones and confirming direction with Heiken Ashi candles, you can apply your combined strategy for entries, stops, and profit targets.
Short
by Nashvillera
GOLD: Potential RisksIf the price reaches the 3136-3148 range, there is no need to hesitate, just sell. This is the gold trading strategy for today provided to you before yesterday's closing. I wonder if any friends have grasped this profit? After getting support near 3125, the price rebounded again. It is still in the rising stage. The resistance continues to focus on the vicinity of 3148. Here is a reminder for everyone: During the trading process, the technical pattern of the 2H and above cycle level has a turning point. This is not a joke, so everyone must be cautious when chasing highs. Even if there is news supporting the market now, news is something we cannot control. Once there is news of easing the situation, the risk aversion of gold will subside, and the decline will definitely not be small. So while we follow the trend, we must also learn to think against the trend!
OANDA:XAUUSDShort
by Trading_King_Arthur
USDT.D & BTC Price Action Understanding the Market Move: USDT.D, BTC.D, and BTC Price Action Currently, USDT Dominance (USDT.D) is approaching a key level, sweeping its previous high. This indicates that traders are moving funds into stablecoins, usually a sign of risk aversion. Due to its inverse correlation with Bitcoin (BTC), this movement suggests that BTC may experience further downside in the short term. However, once Bitcoin Dominance (BTC.D) completes its retest of the previous high, a major shift is expected. If BTC.D starts to decline sharply, it means capital is flowing back into altcoins and BTC itself. Historically, this pattern has led to strong bullish momentum for Bitcoin, potentially triggering a major rally. This dynamic between USDT.D, BTC.D, and BTC price action is crucial for traders to anticipate market movements. Keeping a close watch on these metrics can provide valuable insights into the next big move in the crypto market.
CRYPTOCAP:USDT.DLong
by Traderscorpion
BTCUSDTBTC Retest Before the Next Uptrend 🚀 Bitcoin is not going to make a new low—it’s simply retesting the previous support zone around $76K–$78K before continuing its upward movement. This is a classic market structure where price revisits key levels before the next bullish leg. All the noise, fear, and uncertainty in the market are designed to shake out weak hands and keep retail traders away from big profits. Institutions and smart money are accumulating while the majority panic. Don’t let market manipulation fool you—stay focused on the bigger trend! What do you think? Are you holding strong or waiting on the sidelines? 🚀💎
Long
by Traderscorpion
2
Triangle Breakout in JPY/USD – Bullish Move Ahead?This TradingView chart represents a detailed technical analysis setup for the Japanese Yen (JPY) against the U.S. Dollar (USD). The main focus of the chart is a symmetrical triangle pattern breakout, a common formation that signals potential price movement. In this detailed breakdown, we will analyze the following aspects: Technical Pattern: Symmetrical Triangle Formation Support and Resistance Levels Breakout Confirmation Trading Setup Explanation Risk Management Strategy Market Expectations (Bullish & Bearish Scenarios) Conclusion & Trading Plan 1. Technical Pattern: Symmetrical Triangle Formation The chart showcases a symmetrical triangle, which is a continuation pattern that typically occurs in trending markets. It indicates a period of consolidation where buyers and sellers struggle for dominance, leading to an eventual breakout. Characteristics of the Symmetrical Triangle in This Chart: Converging Trendlines: The upper trendline (resistance) is sloping downward, showing lower highs. The lower trendline (support) is sloping upward, showing higher lows. Apex Formation: As the price moves closer to the triangle's apex, volatility decreases, creating a squeeze effect. Breakout Possibility: Once price reaches a critical point, a breakout is expected in either direction. Why is This Pattern Important? Symmetrical triangles suggest that the market is indecisive, but once a breakout occurs, it can trigger a strong price movement. Traders wait for the breakout direction to confirm the trade before entering a position. 2. Key Support and Resistance Levels Support and resistance levels are crucial for identifying potential entry, stop-loss, and target areas. Resistance Level: A horizontal resistance zone (highlighted in beige) is drawn at the top. This zone represents historical price rejection levels, where sellers have previously stepped in. A confirmed breakout above this level would indicate strong bullish momentum. Support Level: The lower support zone (marked in blue) acts as a buying interest area. Price has bounced off this zone multiple times, confirming it as a strong support level. A break below this zone would signal a bearish reversal. Trendline Support: The lower boundary of the symmetrical triangle also acts as dynamic support. If price respects this trendline, it suggests bullish strength leading to a breakout. 3. Breakout Confirmation & Market Reaction The most important part of the setup is the breakout, which occurs when the price successfully moves beyond the triangle's trendline resistance. Key Observations from the Chart: Breakout Zone: The breakout occurs near the right edge of the triangle (circled in red). The price breaks above the upper trendline, confirming a bullish breakout. Confirmation Candle: A bullish candle follows the breakout, confirming buying pressure. Traders should wait for a retest of the trendline before entering. Volume Consideration: Strong breakout moves are typically accompanied by a rise in volume, increasing the likelihood of follow-through. 4. Trading Setup Explanation This trade follows a trend-following breakout strategy, where traders capitalize on price momentum after confirmation. Entry Point: The ideal entry is just above the breakout candle. Traders can also wait for a retest of the broken trendline before entering. Stop Loss Placement: The stop loss is placed slightly below the previous swing low at 0.006652. This prevents excessive drawdowns in case of a false breakout. Profit Target Calculation: The profit target is set at 0.006795, which is calculated based on: The height of the triangle formation projected from the breakout point. The next major resistance level, aligning with historical price action. 5. Risk Management Strategy Risk management is a critical component of any trading strategy. Here’s how it is applied in this setup: Risk-to-Reward Ratio (RRR): A good trade setup maintains an RRR of at least 2:1. If the stop loss is 33 pips (0.000033) and the target is 112 pips (0.000112), the RRR is 3:1, making this a high-probability trade. Position Sizing Consideration: Risk per trade should be limited to 1-2% of the total account balance. Leverage should be used cautiously, as breakouts can sometimes retest the breakout zone before continuing. 6. Market Expectations (Bullish & Bearish Scenarios) Bullish Scenario (Successful Breakout): ✅ If price sustains above the breakout level, it will likely continue to rally toward the target at 0.006795. ✅ A strong bullish momentum candle would confirm further buying pressure. ✅ If volume supports the breakout, trend continuation is highly probable. Bearish Scenario (False Breakout or Reversal): ❌ If price falls back inside the triangle, it indicates a false breakout. ❌ If price closes below 0.006652, bears take control, and price may drop further. ❌ A breakdown below the support level would shift the market sentiment bearish. 7. Conclusion & Trading Plan This chart presents a classic symmetrical triangle breakout trade with a clear entry, stop-loss, and target strategy. Summary of Trading Plan: Component Details Pattern Symmetrical Triangle Breakout Direction Bullish Entry Point Above the breakout confirmation candle Stop Loss 0.006652 (below support) Take Profit (Target) 0.006795 Risk-to-Reward Ratio Favorable (3:1) Market Bias Bullish (if price sustains above breakout) Final Considerations: Always wait for confirmation before entering. Monitor volume and price action for additional validation. Stick to the risk management plan to minimize losses. If executed correctly, this setup offers a high-probability trade with a strong risk-to-reward ratio, making it a profitable trading opportunity in the JPY/USD market.
Long
by GoldMasterTrades
The Day Ahead Key Events for Tuesday, April 1, 2025 Economic Data Releases: US: ISM Manufacturing Index, Construction Spending, JOLTS Job Openings, Vehicle Sales China: Caixin Manufacturing PMI Japan: Tankan Survey, Jobless Rate, Job-to-Applicant Ratio Italy: Manufacturing PMI, Car Sales, Unemployment Rate, Budget Balance Eurozone: CPI (Inflation), Unemployment Rate Canada: Manufacturing PMI Central Banks: Fed: Barkin speaks ECB: Lagarde & Lane speak BoE: Greene speaks RBA: Holds rates at 4.1% Other: US House Special Elections in Florida (Could impact markets) This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
89542.51 or higher, the key is whether the price can be maintain Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day today. ------------------------------------- The April TradingView competition is sponsored by PEPPERSTONE. Accordingly, we will look at the coins (tokens) and items that can be traded in the competition. Today, we will talk about the BTCUSD chart for the first time. - (BTCUSD 1D chart) If the price is maintained above the M-Signal indicator on the 1M chart, it can be interpreted that it is in an upward trend in the medium to long term. Currently, it is showing a short-term uptrend as it rises above the M-Signal indicator on the 1D chart, but it is highly likely that it will continue to rise only if it rises above the M-Signal indicator on the 1W chart. Therefore, the key is whether it can maintain the price by rising to around 89542.51. - We need to see if the OBV is maintained above the middle line and can break through the upper line. Since the StochRSI indicator is currently in the overbought zone, if there is no increase in trading volume, it is likely to eventually show a downtrend. If it shows a downtrend, it is expected that it will eventually meet the M-Signal indicator on the 1M chart and determine the trend again. At this time, we need to check whether there is support near 73589.43. - The competition starts on April 1. As I mentioned in the Binance BTCUSDT chart description, the next volatility period is expected to be around April 5 (April 4-6). Therefore, we need to check whether the price is maintained above the M-Signal indicator on the 1D chart or above the M-Signal indicator on the 1W chart and decide the position. In other words, I think it is good to decide the position depending on whether there is support near the original section marked on the 30m chart. - It is expected that the key point of this competition will be whether the trading volume can increase and whether the price can be maintained by rising above 89542.51. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​This is an explanation of the big picture. I used TradingView's INDEX chart to check the entire section of BTC. I rewrote the previous chart to update it by touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10). (Previous BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (Current BTCUSD 12M chart) Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15). Fibonacci ratio 0.618 (44234.54) is not expected to fall again. (BTCUSDT 12M chart) Looking at the BTCUSDT chart, I think it is around 42283.58. - I will explain it again with the BTCUSD chart. The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges. In other words, it seems likely to act as a volume profile range. Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28). Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section. To do that, we need to look at whether it can rise with support near 2.618 (134018.28). If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%. So, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54). I will explain more details when the downtrend starts. ------------------------------------------------------
PEPPERSTONE:BTCUSD
by readCrypto