Chart Patterns
Trading GER30 on Tariff DayToday will be a big day for the stock market in 2025. The tariffs to be implemented promises to either make or break the market.
Last week we saw a massive sell off and on Monday and Tuesday we have seen the markets gain a decent amount. However here is what needs to be noted for all indexes:
1) The Daily downtrend is intact
2) The H4 MA is pointing down
3) On GER30,we see a bat pattern to sell
4) H1, M30, M15 is OB and has a double top
We should not follow the news, but instead focus on the charts. Based on this, we will enter a short position and expect the market to resume the downtrend.
Stop loss will be 200 pips around 25700. Good luck!
EURGBP Bull Flag
Correction is happening inside a clearly defined channel.
Price found support at 61.8% pullback, with bullish divergence, which I´m currently labeling as 2/B.
Although the top of the channel served as resistance, the higher probability is that the channel (bull flag) will be broken, and price will target new recent highs.
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.
EUR/USD - Waiting for a long Hi,
FX:EURUSD ascending triangle
I will wait for a pullback towards 1.075 or the major support at 1.6129 before entering in a long position as previously mentioned.
I'm expecting the 1.10 area of resistance to be tested before we see any real downwards momentum.
Wait for the Blue area circled to give way to confirm heavy selling pressure.
Gold bulls encounter resistance, high-level adjustmentsYesterday, the gold market showed an abnormal trend. The Asian and European sessions broke the routine and showed a clear weak pattern, showing the characteristics of a bear market of "fast decline without rebound". It is particularly noteworthy that despite the positive US manufacturing data released in the evening, gold has abnormally fallen into the dilemma of "good news but no rise", which is often an important signal of trend reversal. Today, the market focus is on the change in tariff expectations. If the expectations are significantly reduced, it will be the last straw that breaks the camel's back for bulls - the previous rise was largely based on tariff expectations.
Key technical nodes
Bull-bear watershed:
Key resistance above: 3124-3128 area (rebound high after testing 3100 yesterday)
Secondary resistance: 3135-3140 area (strong pressure zone)
Ultimate resistance: 3160-3165 (trend line extension)
Downward target:
First look at the breakthrough of 3100
Main target area: 3077-3057 (previous intensive trading area)
Deep correction may touch 3030-3000
Trading strategy recommendations
Main strategy: short on rebound
Ideal shorting area:
Preferred 3124-3128 range
Focus on 3135-3140 area for strong rebound
Consider 3160-3165 range in extreme cases
Stop loss setting :
10-8 dollars above each resistance zone
Strict stop loss after breaking through the previous high
Target position:
Phase 1: 3100 mark
Phase 2: 3077-3057
Phase 3: 3030-3000
Key points for auxiliary observation
The strength of the rebound in the Asian session will determine the timing of shorting in the European session
If the rebound is too large (exceeding 3140), it may turn into high-level fluctuations
Tariff-related news needs to be paid attention to in real time, which may cause violent fluctuations
Risk warning
If Trump suddenly announces the expansion of the tariff scope, short positions need to be closed immediately
If the US economic data continues to weaken, it may slow down the pace of decline
Geopolitical emergencies may temporarily boost risk aversion demand
The current market has shown signs of fatigue, and investors are advised to remain vigilant and seize possible opportunities for trend reversals. Strict risk control and flexible position adjustments will be the key to dealing with potential violent fluctuations. Remember: when the market begins to become numb to positive news, it often indicates that the trend is about to change.
USTEC Buy Setup – Reversal Signal & Smart Money AccumulationTechnical: After a sharp decline, TRADENATION:USTEC has found support at the 61.8% Fibonacci retracement level. A reversal candle on March 31, followed by a bullish confirmation on April 1, suggests a potential bottom. Today’s small pullback ahead of Liberation Day may offer a buying opportunity.
Fundamental: While concerns over tariff implementation persist, the market may have already priced in the worst-case scenario. Any outcome perceived as "less bad than expected" could trigger a short-term rebound. Additionally, increased commercial interest in TRADENATION:USTEC signals that smart money is positioning for a move higher.
Risk & Reward: This is a speculative setup due to ongoing tariff uncertainties, but it presents an attractive risk-reward opportunity.
📈 Trade Idea:
Entry: 19308
Stop Loss: 18766
Target: 20726
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
#SPX - 2 Apr#SPX pulled back nicely to PZ yesterday before rallying 70 points, going back to resistance zone.
Overall, price action looks toppish. Could see a move down to 5525/55 but will be looking for a turn at that level for a long. If level does not hold, next strong support below is at 5400.
Today is Tariff day. Trade safe.
XAUUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold fell into high-level shock consolidationAlthough it briefly pulled back to 3100 points, the strength was limited. The big positive line quickly broke through, showing that the short-term momentum was insufficient, and the long position was still strong, and the probability of setting a new high was greatly increased. It is expected to continue to rise in the late trading, with the upper resistance concentrated in the 3127-3133 range and the lower support in the 3107-3103 range. The late trading operation strategy is recommended to focus on long positions on pullbacks.
Operation strategy: It is recommended to buy more at 3105-3100, stop loss at 3093, and the target is 3120-3130, and the break is 3140.
MSFT Looking at a possible bottoming outNASDAQ:MSFT is looking at a potential bottoming out after the Microsoft has formed a bullish morning star pattern above 123.6% Fibonacci extension level of 383.73-455.48 range. Furthermore, the strong bullish bar was seen closing above the gap and the previous resistance turned support low of 377.16.
Ichimoku has yet to show a clear bullish trend but the slight closure above the 9-period conversion line may see a strong signal.
MACD is still bearish over the longer-term period
Mid-term Stochastic showing oversold crossover signal
23-period ROC is showing a bullish divergence
Volume remain healthy.
Wyckoff analysis - Larger range from 8 Jul 2024 (Buying climax) is looking at a distribution. Hence, current rebound is likely to be in a sign of weakness phase.
Recommend to buy swing in 1-week to a month.
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.
No Bearish Divergence Yet!Bullish on Monthly TF.
Though HL Confirmed on Bigger TF but Important
to Cross & Sustain 730 & if this level is Crossed with
Good Volumes, we may witness 770 - 775 initially.
On the flip side, 640 - 645 may act as Immediate
Support.
It should not break 608, otherwise we may witness
more Selling Pressure towards 550 - 570.
Potential bullish rise?The Aussie (AUD/USD) has bounced off the pivot and could rise to the 1st resistance.
Pivot: 0.6261
1st Support: 0.6229
1st Resistance: 0.6322
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SILVER Will Go Higher! Buy!
Please, check our technical outlook for SILVER.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 3,378.2.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 3,425.6 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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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