GBP/USD: Possible Triangle Formation (H8)Hi Traders!
GBP/USD: Possible Triangle Formation and Growth to 1.31500
On the 8-hour GBP/USD chart, a contracting triangle appears to be forming as wave 4. The pattern is not yet fully completed, but it is in its final stage.
If the triangle is confirmed, we could see an upward movement in the pair. The primary target for growth is 1.31500, the 2023 high. A further rise to 1.32600 is also possible, but 1.31500 may act as strong resistance.
However, the market is currently influenced by multiple factors, so the scenario depends on the confirmation of the pattern. If the triangle plays out, the British pound may strengthen against the US dollar.
Chart Patterns
CAC40 capped by resistance at 7,900The CAC40 index is exhibiting bearish sentiment, aligning with the prevailing downtrend. The recent price action suggests an oversold bounce, which may be temporary before the downtrend resumes.
Key Level: 7,900
This level represents the previous intraday consolidation zone and serves as a crucial resistance point.
Bearish Scenario: If the index faces rejection at 7,900, it could resume its decline, targeting 7,728, followed by 7,680 and 7,552 as long-term support levels.
Bullish Scenario: A confirmed breakout above 7,900 with a daily close beyond this level would invalidate the bearish outlook, potentially leading to rallies toward 7,980 and 8,060.
Conclusion:
The CAC40 remains in a bearish trend unless a strong breakout above 7,900 confirms a shift in momentum. Traders should watch for rejection or confirmation at this key level to determine the next move.
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Gold Next 24 to 48 hours (02/04/2025)OANDA:XAUUSD
Gold is likely to remain within a tight range, possibly edging slightly higher due to ongoing geopolitical tensions and U.S. economic data focus and Tariff, but a significant breakout seems unlikely in just 24 hours. Our estimate is 60% probability that the price stays between $3,105 and $3,150, with a 30% chance of inching above $3,150 and a 10% chance of dropping below $3,105. This is a short-term view only
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EURUSD Forms Bearish Triangle Ahead of Tariff AnnouncementAhead of today’s tariff announcement, EURUSD has formed a bearish triangle pattern. Among major instruments, EURUSD has been one of the least affected by tariff expectations in recent days. However, there is a short-term risk of a downside break. If the support near 1.0780 fails, EURUSD could retreat below 1.0750 before the announcement.
In any case, traders should be prepared for sharp intraday reversals due to potential rumors and positioning ahead of Trump's statement.
S&P500 Last time it made that bottom was 18 months ago.S&P500 / US500 is trading inside a multi year Channel Up that goes back to October 2022.
The index almost hit the Channel bottom this week and immediately we see a rebound attempt.
It may be under the 1week MA50 but this is not disastrous as the patterns last bottom was formed exactly under it on October 23rd 2023, 18 months ago.
On top of that, the 1week RSI was exactly where it is now, on the 40.00 Support, bearish enough to call for a long term buy.
In addition, the both bearish waved leading to both bottoms were almost -11%. This high symmetry potential suggests that the bullish wave that will follow may be of a similar +28.34% rise.
This is a unique opportunity to buy and target 7000.
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GBPJPY Q2 W14 1st April 2025 Outcome80% of lot size is now removed approaching the Tokyo highs of yesterday, in addition, I have opened the TP to allow it to run although I do foresee the turn around in price.
With that said, the edge played out as expected. Weekly & daily 50 Ema continues to provide a solid basis to begin the chart analysis. Moving forward, as I share my ideas, you shall indeed see a consistent approach with regards to the higher time frame 50 EMA.
FRGNT X
BTC.D Scenario 2: Potential USDT.D BreakdownBTC.D
In this scenario, if USDT.D fails to create a new high or even an equal high and starts melting down, it could indicate a bearish structure forming—specifically, a Head and Shoulders pattern. This pattern often signals a reversal, meaning USDT.D could continue dropping.
If this happens, it would likely lead to BTC dominance (BTC.D) rising, as capital flows out of stablecoins and into Bitcoin. This could fuel an upward movement for BTC, making it crucial to keep an eye on this development.
Stay prepared and plan accordingly. Hope this helps!
Gold price is above 3130, long at low priceGold price is above 3130, long at low price
As shown in the figure
12345 form channel changes respectively, and the trend accelerates upward
Principle:
Trends are abstract
So we draw specific channel lines to intuitively feel the trend
You can see that the channel angle reflected by 1-5 is constantly expanding.
The reflected gold price trend: emotions are getting stronger and stronger
The gold price trend is about to get out of control
Let's now focus on analyzing the two triangle oscillation convergence patterns AB
Principle:
The end of the triangle convergence oscillation is the time to choose a new direction
Now, it has entered the end of the oscillation
So we can draw a conclusion
Gold prices may soar or plummet at any time
Then the existing strategy is to follow the trend
The simplest and most effective strategy is to use 3130 as support
Retreat to low prices and go long
Stop loss near 3130 (determine the stop loss based on your order ratio and the price effectively captured)
Once the gold price explodes in the future, breaking through 3200 is also a high probability event
Bearish reversalAUD/CAD is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which line sup with the 127.2% Fibonacci extension.
Pivot: 0.89738
1st Support: 0.89054
1st Resistance: 0.90296
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#BTC ideal target zone has been achieved📊#BTC ideal target zone has been achieved✔️
🧠From a structural perspective, the ideal target zone of the hourly bullish structure has been fully achieved, so the corresponding decline is very reasonable. Moreover, the daily closing price of the candlestick chart is lower than the downward trend line, so we failed to successfully break through and stabilize. The downward trend at the daily level is still intact, so we need to be alert to the risk of further decline.
➡️Because of the risk of further decline, I closed the long position in advance yesterday. Although I finally reached the ideal target zone, I would also feel distressed, but trading is like this, there are gains and losses. When the market goes crazy, what we need is not a more sophisticated technical analysis, but a calm observation of the greedy self in the mirror.
➡️If the market rebounds further, then the resistance zone we can pay attention to is 84576-86000. 📉
➡️If the market falls further, then the support zone we can pay attention to is 78363-79500. 📈
Let’s see👀
🤜If you like my analysis, please like💖 and share💬
BITGET:BTCUSDT.P
euraud sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
gbpaud sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
4/3 Gold Trading StrategiesTariff concerns and inflation have once again triggered significant volatility in gold. After yesterday’s price surge following news announcements, today’s market opened with continued bullish momentum, reaching around 3170.
For traders who managed to keep up with the market rhythm, this was a golden opportunity—but for those caught on the wrong side, it was a disaster. The persistent price rally has put short sellers under significant pressure. While I hope most of you are in long positions, I also understand that’s not always the case. For those stuck in short trades, the key now is to minimize losses or even turn the situation into a profit.
Based on the current price structure, I expect a high-level pullback. If your short position isn't causing serious damage to your account, holding on could be a viable strategy.
The expected trading range includes a high point at 3166-3178 and a low point at 3138-3123. Additionally, several key technical levels need to be monitored for potential reversals.
Trading Recommendations:
📌 Main Trades:
Sell in the 3166-3182 range
Buy in the 3136-3121 range
📌 Short-Term Scalping:
Be flexible in the 3147-3158 range
Manage your risk carefully and adjust your trades based on market movements! 🚀
SPY Falling Wedge Into Support SPY forming a descending wedge after an extreme sell off, one of the fastest declines in recent history.
This wedge style pattern tends to be the result of sharp move in a particular direction, in this case downward as temporary relief before continuiing in the direction of the larger trend.
Ill be looking for liquidity to enter the market on the thursday / friday session for a potential bounce. If not, then its likely the market will be in for a rough spring.
Gold Market Surges to 3157 Amid Tariff Talks—3500/oz in Sight?Following the imbalance sweep to 3104, gold market sentiment shifts bullish as tariff concerns gain traction ahead of Trump’s policies. Prices now surge to 3157, with projections eyeing a potential climb toward 3500/oz. Will the bullish momentum hold? follow for more insights , comment for more , and boost idea .
NZDJPY The Target Is UP! BUY!
My dear subscribers,
My technical analysis for NZDJPY is below:
The price is coiling around a solid key level - 85.141
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 86.026
My Stop Loss - 85.089
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK