3.31 Gold officially breaks through 3100In the early Asian session on Monday (March 31), spot gold once again saw a surge in prices shortly after the opening. The most active gold futures contract in New York was traded in one minute from 10:22 to 10:23 Beijing time on March 31, with 890 lots traded, and the total value of the trading contracts was US$279 million. Affected by Trump's latest tariff news, spot gold maintained the current bull market trend. The gold price broke through the US$3,000 mark and broke through US$3,100 only half a month after breaking through the US$3,000 mark. As of 10:39 Beijing time, it was reported at US$3,105.23 per ounce.
Gold technical analysis: Gold closed higher with a big positive line last week, and after consolidating at a high level, it increased strongly and closed at a high level. The weekly K-line is still strong, with a big bald positive line. There will be further continuation this week. However, the monthly line closed today. After the volume is released, we must also be careful of the wash of the high and fall. The daily chart has continued to rise and set a new high. The Asian session is a slow consolidation and then a slow new high. The consolidation is not the high, and the volume is the top. At present, there is further rise in the short term. Gold was stimulated by risk aversion over the weekend. It opened high and fell back on Monday. However, gold fell back under pressure at 3100 in the short term. We must pay attention to adjustments. Then gold is just adjusting. Wait patiently for it to fall back before going long. The technical side of gold shows a strong upward trend. US$3070 has become a new short-term support level. The current upward momentum is sufficient and there is momentum for further rise. The influence of gold bulls on the current trend of gold has reached the highest level in history, but the trading scale and heat have not reached the most crowded range in history. There is still room for funds to further increase positions, which provides support for gold prices.
3.31 Gold Operation Strategy Reference:
Short Order Strategy:
Strategy 1: When gold rebounds around 3100-3103, short (buy short) in batches with 20% of the position, stop loss at 3110, target around 3085-3075, and look at 3070 if it breaks; (Strategy is time-sensitive, more real-time layout strategies are announced in the channel.)
Long Order Strategy:
Strategy 2: When gold pulls back around 3070-3073, long (buy long) in batches with 20% of the position, stop loss at 3060, target around 3085-3095, and look at 3105 if it breaks; (Strategy is time-sensitive, more real-time layout strategies are announced in the channel.)
Fundamental Analysis
NZDUSD Long✅ NZD/USD Long Setup
Entry: 0.5520
Stop Loss (SL): 0.5375 (below historical multi-decade support and spike lows — gives room for volatility)
Take Profits (TPs):
TP1: 0.6000 (psychological + historical S/R level)
TP2: 0.6200 (structural supply level)
TP3: 0.6400 (historical resistance zone + cycle high area)
Warning: what can save us from a collapse: must read.⚠️This analysis isn’t purely chart-based, but in this macro environment, understanding the bigger picture is essential for predicting market movements. Hopefully, TradingView will allow this idea so that everyone can read it.
What Can Save Us?
Before looking for a solution, we must first acknowledge the problem—and then determine if and when a resolution is coming.
1. Trump’s Tariffs & Policies: A Market Shock
Trump’s economic strategy marks a radical departure from the policies of the past 30 years. However, previous administrations weakened U.S. global influence, shifting power in favor of China.
Since Trump's motto is "Make America Great Again", serious changes are inevitable. Until investors fully grasp these policies, uncertainty will persist.
Let’s break down the key areas of impact and Trump’s expected responses:
2.Monetary Policy & The Federal Reserve
The Federal Reserve (FED) and Jerome Powell are not aligned with the White House.
Powell is sticking to his monetary policy approach, but Trump needs 0% interest rates to implement his vision.
Markets hate uncertainty, and this is fueling volatility.
🔴 Trump's Response:
Expect a bombshell move—Trump will fire Jerome Powell and replace him with a Fed chairman who supports rate cuts to 0%. This will cause short-term chaos but ultimately fuel a massive market rally as:
✔️ The housing market recovers
✔️ Liquidity surges
✔️ Stocks skyrocket
3.U.S. Dependence on China & Russia for Raw Materials
The U.S. imports essential resources from China and Russia, making it vulnerable.
The BRICS alliance is strengthening, further threatening U.S. dominance.
🔴 Trump's Response:
Trump has openly expressed interest in acquiring Greenland, citing its rich natural resources. He will take it by military force if necessary, positioning the U.S. as a raw material powerhouse on par with Russia.
4.Lost Allies: Canada, Mexico & South America
Canada is aligning with Europe
Mexico & South America are leaning towards BRICS
🔴 Trump's Response:
To counter this:
Canada will be pressured into rejoining a U.S.-led trade bloc—or face potential annexation.
South American economies will be crippled by tariffs, forcing them to reintegrate under U.S. influence.
5.Geopolitical Conflicts: Middle East & Ukraine
Iran is aligned with Russia & China
Ukraine relies on Europe (France, UK, EU), rather than the U.S.
The U.S. is not benefiting from these wars
🔴 Trump's Response:
If Zelensky continues to align with Europe, Trump may order a full-scale U.S. bombing of Ukraine, flatten Kyiv, eliminate Zelensky live on TikTok, and then split Ukraine with Russia.
This move would:
✔️ Strengthen U.S.-Russia relations
✔️ Secure a deal on Greenland
✔️ Humble Europe
6.Conclusion: A Global Power Shift
Expect a period of chaos and fear. However, what investors must understand is that Trump is 100% serious about these moves—and he will execute them regardless of global opinion.
If Trump’s strategy works:
✅ The U.S. will regain dominance
✅ Markets will rally hard
✅ Confidence in the U.S. economy will be restored
If Trump fails:
🚨 A prolonged economic downturn (15-20 years of stagflation)
🚨 U.S. & Europe suffer major losses
🚨 Best move? Relocate to Asia or the Middle East before the crash.
So, even if Trump’s policies seem insane, the best-case scenario is that he succeeds.
💡 DYOR (Do Your Own Research)
#Bitcoin #Crypto #Trump #MAGA #Geopolitics #StockMarket #SPX500 #Trading #Investing #Economy #FederalReserve #RateCuts
Daily Analysis- XAUUSD (Monday, 31st March 2024)Bias: Bullish
USD News(Red Folder):
-None
Analysis:
-Strong bullish closure on daily
-Looking for continuation to the upside after 4hr structure retest
-Potential BUY if there's confirmation on lower timeframe
-Pivot point: 3060
Disclaimer:
This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
Tesla’s Value Proposition: Navigating Noise Toward Long-Term UpsTesla retains significant intrinsic value despite recent volatility. The post-election rally, driven by FOMO (fear of missing out), reflected emotional momentum rather than solid fundamentals. Currently, the stock sits in a robust technical demand zone, supported by key chart levels. Yet, uncertainty lingers among investors, fueled by two primary risks: Elon Musk’s foray into politics and its potential impact on Tesla’s strategy, alongside physical attacks on its vehicles as a social backlash against his persona.
My market experience suggests time aligns price with fundamentals, and Tesla won’t be an exception. Let me expand: Musk, in tandem with Donald Trump, appears to champion an economic and social revitalization agenda in the U.S.—a critical lens for analysis. Global geopolitical tensions remain high, boosting safe-haven assets like gold while pressuring cyclical sectors like automotive. Add to this the U.S. power transition amplifying uncertainty, and Musk’s politicization exposing Tesla to unprecedented scrutiny and polarization.
Still, the long-term outlook shines brighter. If Musk and Trump’s policies deliver tangible economic and consumer benefits—and there’s reasonable ground to believe they might—sentiment toward Tesla could turn bullish. A more confident consumer base, paired with easing geopolitical strains, would act as a catalyst for revaluation. Then there’s Musk’s unique edge: a track record as a disruptive innovator. Breakthroughs in electric mobility, AI, or new business verticals could outpace market expectations and solidify Tesla’s dominance.
In short, while the near term is clouded by noise and risks, Tesla’s fundamentals and Musk’s vision signal substantial upside for strategic investors. Tracking the macro environment and the company’s operational resilience will be key.
#TeslaAnalysis #MarketInsights #ElonMusk #Investing #StockMarket #Geopolitics #Innovation #BullishCase #TradingStrategy
Update about my previous warning about a crash of the SPX500📉 SPX500 Major Correction: Scenario 1 or 2?
In my previous analysis, I explained a scenario that could mimic the 2022 crash (Scenario 1):
🔗
However, the price action dropped much faster than in 2022, accelerating the correction.
Now, on the daily timeframe, we already have a bullish MACD crossover, signaling a potential bullish trend for several days:
🔗
Could This Invalidate the Bearish Trend?
✅ Yes, absolutely.
In June 2023 (Scenario 2), a similar situation occurred:
A bearish MACD reset was interrupted mid-course by a violent dump
This triggered a strong rebound, breaking through resistance levels
There are now strong signs that Scenario 2 might play out again.
What Does This Mean for Crypto & TradFi?
📈 If this bullish reversal holds, it could sync Crypto & TradFi, with both gaining bullish momentum on the weekly timeframe, peaking around May 2025.
Two Possible Outcomes:
1️⃣ Scenario 1 – The reversal collapses, and the correction continues 📉
2️⃣ Scenario 2 – The reversal holds, leading to a rally 📈
Let’s monitor this closely to see which scenario unfolds.
🔍 DYOR!
#SPX500 #StockMarket #Crypto #Trading #BullishReversal #BearishTrend #MACD #MarketAnalysis #Investing
Massive storm hiting the crypto market soon!The Correlation Between SPX500 (Wall Street) & Crypto 📉📈
The relationship between SPX500 and crypto is not always stable. Sometimes they move in sync, like the Earth and Moon, and other times, they are completely decoupled. But rarely, we get an eclipse—a moment of total disconnection.
And guess what? That’s about to happen.
🔎 What’s Happening?
Looking at the charts, SPX500 had a massive rally last year, but while Wall Street boomed, crypto was bleeding. Most altcoins were slaughtered, and the TOTAL crypto market cap suffered.
But now, SPX500 is overbought, while crypto is oversold.
👉 This time, the decoupling will work in crypto’s favor!
💰 $2 Trillion in Sidelined Cash Ready to Flow In
Right now, about $2 trillion USD is sitting on the sidelines—money that institutional investors are hesitant to deploy due to market uncertainty. Many are keeping their funds in USD or foreign bonds instead of taking risks.
However, if you check my April/May forecast, we can see that:
✅ Crypto will be deeply oversold (confirmed by RSI & weekly MACD crossover).
✅ The US Dollar is weakening, forcing investors to move their money into other assets.
✅ SPX500 turning bearish = capital rotating into crypto.
🚀 The Perfect Storm for Crypto
📉 SPX500 bearish
💵 USD weakening
📈 Crypto bullish
This creates the perfect setup for rich investors to flood the crypto market with fresh liquidity.
💡 What does this mean for prices?
- CRYPTOCAP:BTC could double (100% gain).
- Altcoins could skyrocket (x10 to x100).
- This would finally trigger the altseason we’ve been waiting for—the parabolic move that happens once every four years.
📆 Timeline: April – June 2025
This move will be so explosive that it will eventually trigger a correction—possibly leading to a bear market. However, since crypto now moves in 6-month cycles, this correction should end by December 2025, setting up another leg up.
🏁 Final Thoughts
This kind of SPX500 & crypto decoupling is extremely rare, so positioning before the rotation starts is crucial.
⏳ Exact timing? Hard to say. But April/May looks like the moment when everything aligns.
🚨 DYOR as always—anything can happen to invalidate this idea.
THERE IS A POTENTIAL BREAKOUT TO THE UPSIDE IN T[AT&T]As we can see market overall is bull due to creation of higher low and higher high, at the moment market is making a pullback before continuing with its direction to the upside. we are looking for long opportunity in this pullback. keep monitoring from one hour.
XAUUSD Multi-Timeframe Plan + Daily Sniper Setup (W1 → M15)🟨 WEEKLY (W1)
✅ Bullish structure (HHs & HLs)
🔓 Broke ATH → price discovery mode
🎯 Targets: 3,120 / 3,180 / 3,250
🟩 Key demand: 2,985–2,950
📅 DAILY (D1)
🔼 Breakout above 3,049 confirmed
🕳️ FVG forming between 3,049–3,083
📈 No bearish signs while above 3,049
💡 EMA structure supports momentum
🕓 H4
✅ Clean breakout from consolidation
🟩 Demand zones:
3,049 (Flip zone)
3,000.65 (HTF OB)
📈 Trend in expansion phase
🕐 H1
📦 Broke range between 3,000–3,049
🔲 OB + liquidity grab confirmed support
🎯 Targeting 3,100 / 3,120
🕧 M30 & M15 (Precision Zones)
🔹 Entry 1: 3,083–3,085 (FVG + OB zone)
🔹 Entry 2: 3,073–3,076 (Unmitigated demand)
✅ Validate entries via M1/M5 CHoCH + bullish PA
🔫 DAILY SNIPER PLAN
✅ Buy Setup (High Probability)
Entry: 3,083–3,085 or 3,073–3,076
Trigger: M1–M5 CHoCH or bullish engulfing
SL: Below 3,070
TP1: 3,100
TP2: 3,120
TP3: 3,150
🔥 HTF trend + fresh liquidity = high-RR long opportunity.
🟥 Sell Setup (Countertrend Idea)
Entry: 3,118–3,121 (liquidity hunt zone)
Trigger: Bearish M5/M15 CHoCH + LQ sweep
SL: Above 3,125
TP1: 3,100
TP2: 3,085
TP3: 3,050
⚠️ Use only if price shows exhaustion + structure break.
✅ Recap:
Focus remains on buy-the-dip as long as price holds above 3,049.
Bearish setups = scalp/reversal only if smart money shifts short-term flow.
XAUUSD H1 Trading Plan (Intraday Precision)Bias: 📈 Bullish
Current Price: ~$3,096
Context: Clean breakout from H1 range → intraday expansion phase in play.
📊 1. Structure & Market Phases
Price consolidated in a tight range (highlighted in blue) for ~1 week, between ~3,000 and ~3,049.
Recent breakout above range → confirming bullish continuation.
Minor HLs forming → micro structure remains clean.
🧠 2. Smart Money Concepts
🔲 Old OB / Demand Zone: Gray zone = area of prior breakout (ideal re-entry on pullbacks).
🧊 Range high (~3,049.57) = now acting as support (flip zone).
🧠 FVG might exist in the 3,060–3,080 range on lower TFs → potential internal mitigation.
📌 3. Key H1 Levels
🔝 Upside:
🔸 3,120.14 – Major upside target (aligned with HTF)
🔸 Next target levels depend on PA around psychological levels (e.g., 3,100, 3,150)
🟦 Support Zones:
✅ 3,049.57 – Previous range high
✅ 3,000.66 – Base of accumulation block
✅ 2,983–2,975 – Internal mitigation zones
✅ 2,899.69 – Major invalidation point (HTF OB)
📅 4. Trade Scenarios (H1 Execution Focus)
✅ Scenario A: Breakout Continuation
Price stays above 3,049–3,060 → bullish continuation likely.
🎯 Target: 3,100 / 3,120 intraday
Look for bullish BOS or FVG entries on pullbacks (M15/M5 timing ideal)
🔁 Scenario B: Pullback into Demand
Retracement back to 3,049 / 3,030 / 3,000 zone
🔁 Entry on bullish reaction from prior range top
Great RR setups for continuation longs
🟥 Scenario C: Deeper Reversal (Less Likely)
Break below 2,975 could lead to:
🔻 Deeper move into OB around 2,960 / 2,899
Would shift intraday bias from bullish to neutral
🧭 Summary
1H is in a breakout phase – ideal moment to hunt continuation trades.
Pullbacks into previous range top or base are high-probability re-entry zones.
Bias remains strongly bullish unless structure below 2,975 is broken.
XAUUSD H4 Trading Plan (Intraday Outlook)Bias: 📈 Bullish (Strong Continuation)
Current Price: ~$3,093
Context: Price is accelerating after breaking key resistance, maintaining bullish structure.
🧠 1. Market Structure (H4)
Structure remains bullish, with well-defined HH & HL.
Recent consolidation block (OB + FVG): price broke out cleanly and is now expanding.
Short-term trend leg is steep → potential for shallow intraday pullbacks.
📌 2. Key Levels from Your Chart
🔝 Upside Target
3,120.14 – Major H4 resistance / next liquidity zone
🟦 Intraday Support Zones
3,049.57 – recent H4 resistance, now flipped support (ideal for pullback entries)
3,000.65 – clean structure zone, possible FVG fill
2,977.64 – origin of last impulse
2,960.27 / 2,899.69 – deeper HTF demand / OB zones
🔍 3. Order Blocks & Liquidity
🔲 OB zone breakout (highlighted gray area) → now acting as demand
💧Buy-side liquidity rests above 3,120
Any retracement into 3,049 / 3,000 could be used by Smart Money for re-entry longs
📅 4. Trade Scenarios (H4)
✅ Scenario A: Bullish Continuation
Price holds above 3,049 → intraday continuation toward:
🎯 3,120
🎯 Potential extension: 3,150+
📌 Ideal setup: bullish engulfing or BOS + FVG entry on pullback to 3,049 zone
🔁 Scenario B: Pullback Before Continuation
Rejection near 3,100–3,120 leads to pullback toward:
🔁 3,049
🔁 3,000 (FVG / previous OB)
Monitor price action at those levels for continuation entries.
🟥 Scenario C: Bearish Shift (Low Probability for Now)
Break below 2,960 with strong bearish momentum → opens door toward:
🔻 2,899
This would invalidate current bullish short-term structure.
🧭 Summary
Trend is strong, momentum is clean → only looking for buy setups on dips.
Watch for continuation above 3,049 and especially reactive price action near 3,120.
If pullback occurs, 3,000 zone is prime location for re-entry longs.
XAUUSD Daily Trading Plan (1D Outlook)🔍 1. Structure & Price Action
Price broke out aggressively from previous consolidation (~2960–3000).
Current impulse leg is strong, with very shallow pullbacks – trending conditions.
Daily candles show sustained buying pressure, minimal upper wicks → buyers in control.
📏 2. Key Levels (from your chart)
📌 Upside Targets:
🔸 3,120.14 – potential resistance / short-term TP
🔸 3,180.72 – extended upside target if momentum holds
🟩 Support Zones:
✅ 3,049.38 – minor intraday support
✅ 3,000.66 – recent breakout retest zone
✅ 2,960.77 – clean demand zone / OB zone
✅ 2,899.69 – last major demand / strong structure support
🧠 3. SMC & Liquidity Insights
Buy-side liquidity has been cleared → clean runway toward psychological zones (3100–3200).
FVG may exist between recent candles → shallow retracement into 3049 / 3000 possible.
No active bearish OBs above → price remains in price discovery mode.
📅 4. Daily Trade Scenarios
✅ Scenario A: Bullish Continuation
Hold above 3,049–3,060 → continuation toward:
🎯 3,120
🎯 3,180+
Look for strong H4 bullish candles on retest of minor support.
⚠️ Scenario B: Pullback to Demand
Reject from 3,100+ and drop toward:
🔁 3,000 (retest previous high)
🔁 2,960 (key OB / FVG zone)
Watch for bullish reversal signals (engulfing, break of structure) for re-entry long.
🟥 Scenario C: Deeper Reversal (Less Probable)
Break below 2,899 could shift bias to neutral/short-term bearish.
🧭 Summary
XAUUSD is in a strong trending phase with no major resistance above.
Pullbacks into 3,049 / 3,000 / 2,960 are ideal areas to look for continuation longs.
Focus remains on buy-the-dip setups as long as price holds above 2,899.
XAUUSD Weekly Trading Plan (W1 Outlook)Bias: 📈 Bullish (Strong Momentum)
Structure: Higher Highs / Higher Lows (Weekly)
Current Price: ~$3,084
Market Phase: Price Discovery / Momentum Phase
🔍 1. Weekly Market Structure
Clear bullish structure with strong continuation.
Recent Higher Low (HL): ~1985–2000 zone.
Current Weekly Candle: Strong bullish with little to no upper wick → sign of aggressive buying.
🧠 2. Smart Money Concepts (SMC)
✅ Liquidity Grab: Buy-side liquidity above 2080–2150 has been swept → cleared space for new highs.
📏 Fair Value Gap (FVG): Estimated FVG between 3000 – 3080, possible retest area.
🧱 Valid Bullish OBs: Below, around 1985–2000 (HL origin).
⛔ No resistance above – price is now in price discovery mode.
📊 3. EMA Alignment (Estimated)
EMA 5/21/50/200 are all bullishly stacked.
Price is significantly extended above EMA 21 → potential for short-term pullback.
Trend remains intact and strong.
🧱 4. Key Zones (Weekly)
Support Zones:
3000 – 2960 → recent impulse base.
2900 – 2880 → minor structure zone.
2080 – 2100 → breakout + consolidation area.
No historical resistance above current levels. Watch for round number reactions (e.g. 3100, 3150, 3200).
🔢 5. Fibonacci Levels (Swing Low: ~1985 → High: ~3084)
0.382: ~2660
0.5: ~2535
0.618: ~2410
→ These levels are relevant only if price enters deeper retracement later.
📅 6. Weekly Scenarios
✅ Bullish Continuation (Main Bias)
Hold above 3000 → target extensions toward:
🎯 3120 / 3180 / 3250+
Strong momentum candle suggests interest remains to the upside.
⚠️ Pullback Scenario
Rejection from 3085 area → potential drop toward:
3000 (minor FVG fill)
2960–2900 (stronger structure + potential re-entry area)
Bullish bias remains intact unless we break below 2900 weekly close.
🧭 Summary
XAUUSD is in price discovery after sweeping key liquidity.
Momentum is strong, but price is overextended → short-term pullbacks are healthy.
All signs point toward higher targets unless major structure breaks.
#ETHUSDT is showing a reversal pattern📊 BYBIT:ETHUSDT.P is showing a reversal pattern — we expect the uptrend to continue if the breakout level holds!
🕒 Timeframe: 4H
➡️ BYBIT:ETHUSDT.P has formed a potential Double Bottom (Bottom 1 and Bottom 2) around $1,785–$1,809, indicating a possible trend reversal.
➡️ The key trading range (POC — Point of Control) is at $1,881.71, making it a major resistance level.
➡️ The price is also bouncing off the support zone, which aligns with the previous consolidation area.
➡️ Volume is increasing during the bounce, confirming buyers’ interest.
⚡️ Considering a potential long entry
⚡️ Maximum target based on the pattern — $2,522
📍 A breakout and hold above $1,849.71 will confirm the bullish scenario and attract more long liquidity.
📢 If the price drops below $1,785, the setup will be invalidated — high chance of a continued downtrend.
📢 The rise of BYBIT:ETHUSDT.P is possible due to reactions to the strong support zone and the forming Double Bottom pattern.
🕒 Timeframe: 1H
➡️ BYBIT:ETHUSDT.P has formed a Falling Wedge , which is a bullish pattern.
➡️ A second bottom ( Bottom 2 ) has formed, confirming a potential reversal.
➡️ The upper boundary of the wedge has already been broken, accompanied by a spike in volume.
➡️ A strong consolidation zone exists around $1,808–$1,820 — a retest could confirm a long entry.
⚡️ Holding above the wedge breakout is a signal for further upside.
📢 If the price falls back below $1,800 and buying momentum weakens — the scenario should be reconsidered.
📉 LONG BYBIT:ETHUSDT.P from $1851.0
🛡 Stop loss: $1835.00
🕒 Timeframe: 1H
🎯 Targets (TP):
💎 TP 1: $1860.00
💎 TP 2: $1871.00
💎 TP 3: $1882.00
💎 TP 4 (long-term target): $1890.00
🚀 BYBIT:ETHUSDT.P is maintaining a potential reversal pattern — we expect upward movement if volume confirms!
SOL/USD 4H ChartHi everyone, let's look at the 4H SOL to USD chart, in this situation we can see how the price broke out from the local uptrend line at the bottom.
Let's start by defining the targets for the near future that the price has to face:
T1 = 131 USD
T2 = 136 USD
Т3 = 145 USD
Т4 = 151 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 122 USD
SL2 = 115 USD
SL3 = 107 USD
If we look at the RSI indicator we can see how the indicator has dynamically gone up despite the price not moving much, but here we can see that there is still room for a potential attempt to grow.
JPY/GBP - Potential Reversal SetupHey traders! Today we’re diving into a high-probability setup on the JPY/GBP pair with up to 22% upside on the monthly chart. I’ll cover the technicals, fundamentals, and exactly how to trade it.
📉 Chart pattern
Looking at the chart, we’ve got a textbook falling channel stretching back from mid-2020. This descending structure has been consistent, but right now, we’re testing the upper boundary - and that could signal a trend reversal is coming.
Momentum indicators back it up too. The RSI is rising off oversold levels, sitting around 41. And check out the MACD: bearish momentum is fading. Classic setup for a bullish breakout.
📌 Trade setup
Wait for a monthly close above the upper channel , ideally between 0.00530 to 0.00535. That’s your breakout confirmation. You can place a buy stop just above the breakout zone.
Set your stop-loss below the recent swing low - about 0.00490 - to protect against false moves.
Now for the profit targets :
* First target: 0.00580, that’s 12% above current levels.
* Second target: 0.00630, that's 22% upside potential.
That gives you a potential risk-reward ratio of up to 1:4 - solid.
🌐 Fundamentals
On the macro side, this setup makes even more sense. Japan is finally stepping away from ultra-loose monetary policy, possibly hiking rates. Meanwhile, the UK looks set to pause or even cut rates in 2025. That shift could give the Yen the edge over the Pound, driving this move higher.
🛎️ Now, smash that like button if you found this helpful, and subscribe for more trade ideas.