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Longsetup

GBP/USD Today - Maintaining Uptrend🔔🔔🔔 GBP/USD news: ➡️ The British Pound (GBP) extended its previous day’s rebound, rising toward 1.2850 against the U.S. Dollar (USD) during Wednesday’s European session. The GBP/USD pair gained as the U.S. dollar remains under selling pressure amid growing concerns that the United States may enter a recession this year. TheU.S. Dollar Index (DXY), which measures the greenback against a basket of six major currencies, dropped sharply toward the 102.00 level. ➡️ A renewed escalation in the U.S.-China trade conflict has heightened fears of a U.S. trade conflict. recession. recession. On Tuesday, President Donald Trump signed an order raising tariffs on Chinese goods to 104% after Beijing responded with retaliatory measures. Trump also accused China of currency manipulation to offset the impact of higher tariffs. Personal opinion: ➡️ The US-China trade war is getting hotter, which will be detrimental to the USD, supporting the GBP/USD currency pair. Therefore, GBP/USD remains within the uptrend line. ➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Buy GBP/USD 1.2815 – 1.2800 ❌SL: 1.2760 | ✅TP: 1.2865 – 1.2900 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
USD/JPY Trend Update Today - Maintaining Uptrend🔔🔔🔔 USD/ JPY news: ➡️ The Japanese Yen (JPY) maintains its upward bias against a weaker U.S. Dollar (USD) during Asian trading on Tuesday, despite a lack of strong follow-through buying. While escalating concerns over the negative impact of intensification U.S. tariffs on Japan's economy persist, investors appear confident that the Bank of Japan (BoJ) will continue raising interest rates in 2025, amid signs of rising domestic inflation. Moreover, fears of global economic disruption stemming from U.S. President Donald Trump's tit-for-tat tariff policies have added to the safe-haven appeal of the JPY. ➡️ Still, a modest sentiment rebound in global risk has curbed aggressive bullish bets on the Yen. On the flip side, the USD came under renewed selling pressure, halting its two-day recovery from multi-month lows seen last week, as markets increasingly price in the possibility that the U.S. Economic downturn caused by tariffs could push the Federal Reserve to resume its rate-cutting cycle faster than expected. This stark contrast to the BoJ’s hawkish outlook suggests that the path of least resistance for the lower-yielding JPY remains to the upside. Personal opinion: ➡️ DXY’s RSI is showing signs of falling after entering the overbought zone, causing USD/JPY to decline in the short term ➡️ The initial uptrend is still maintained, so watch for technical recovery zones to be able to buy at good prices. ➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy. Plan: 🔆Price Zone Setup: 👉Buy USD/JPY 146.20- 146.00 ❌SL: 145.60 | ✅TP: 146.70 – 147.20 – 148.00 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
Is Gold Returning to Its Main Uptrend After a Deep Correction?🔔🔔🔔 Gold news: ➡️ Gold rebounded from its monthly lows to test the $3,000 level during Asian trading on Tuesday, ending a three-day losing streak. Concerns over a potential trade war impacting the U.S. economy and triggering a recession, combined with growing expectations of more aggressive interest rate cuts by the Federal Reserve, have renewed interest in the non-yielding metal. ➡️ Tariff developments are expected to dominate market sentiment in the coming days, involving the direction of all asset classes. These tariffs are likely to drive up inflation while also slowing economic growth. Markets are forecasting a bleak outlook for the U.S. economy, which is expected to have ripple effects on other major economies. As a traditional safe-haven asset, gold is poised to resume its previous upward trend. Personal opinion: ➡️ Gold has begun to recover and has positive signs of increase. ➡️ RSI reversed to increase after entering the oversold zone ➡️ DXY returned to the downtrend, further strengthening this recovery momentum ➡️ Analysis based on important resistance - support levels combined with EMA and trend lines to come up with a suitable strategy Resistance zone: 3014 - 3055 - 3074 Support zone: 2980 - 2964 - 2921 Plan: 🔆Price Zone Setup: 👉Sell Gold 3013- 3015 (Scalping) ❌SL: 3019 | ✅TP: 3010 - 3005 - 3000 👉Sell Gold 3054- 3056 ❌SL: 3062| ✅TP: 3050 – 3045 – 3040 👉Buy Gold 3958- 3960 (Scalping) ❌SL: 2952| ✅TP: 2965– 2970 – 2975 👉Buy Gold 2918-2929 ❌SL: 2912| ✅TP: 2925– 2930 – 2935 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDLong
by FM-ForexMastermind
1
Is the deep downward correction trend over?🔔🔔🔔 Gold news: ➡️ Major stock indexes plunged on Monday as U.S. President Donald Trump showed no signs of backing down from his sweeping tariff plans, prompting investors to bet that rising recession risks might force the Federal Reserve to cut interest rates as early as May. ➡️ Futures markets quickly priced in nearly five quarter-point rate cuts by the Fed this year, sending Treasury yields sharply lower and weakening the U.S. dollar despite its safe-haven appeal. ➡️ The market selloff intensified after Trump reporters told that investors would have to "take their medicine" and that he would not sign a trade deal with China until the U.S. trade deficit is addressed. Personal opinion: ➡️ The trade war is taking place without mercy between the sides. This will be the driving force to make gold prices increase back to their main trend. And it seems that the deep correction has ended ➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines and EMA to come up with a suitable strategy Resistance zone: 3056 - 3076 Support zone: 3016 -2979 Plan: 🔆Price Zone Setup: 👉Sell Gold 3077 -3075 ❌SL: 3083 | ✅TP: 3070 – 3085 – 3080 👉Buy Gold 3013 -3015 ❌SL: 3008 | ✅TP: 3020 – 3025 – 3040 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDLong
by FM-ForexMastermind
1
USDF/JPY Trading Trend Today - Short Term Bullish🔔🔔🔔 USD/JPY news: ➡️ The Japanese yen (JPY) started the week on a positive note as U.S. President Donald Trump’s broad-based tariff measures heightened fears of a global economic downturn, boosting demand for traditional safe-haven assets. At the same time, concerns that harsher reciprocal tariffs from the U.S. could negatively affect Japan's economy led investors to scale back expectations for a faster pace of interest rate hikes by the Bank of Japan (BoJ). This, in turn, acted as a drag on the yen and helped the USD/JPY pair recover its earlier losses during the Asian session, climbing back toward its six-month low just below the key psychological level of 145.00, which was briefly touched on Friday. Personal opinion: ➡️ In the short term, USD/JPY is recovering after being sold off late last week ➡️ RSI reversed to the upside after entering overbought territory and creating divergence. ➡️ Analysis based on Volume profile and important resistance - support levels combined with EMA to come up with appropriate strategies. Plan: 🔆Price Zone Setup: 👉Buy USD/JPY 146.10 – 146.20 ❌SL: 145.75 | ✅TP: 146.60 – 147.30 – 148.00 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
Ethereum: The biggest Opportunity in 2025!Ethereum is following Bitcoin—but with way worse performance. While BTC is still holding up relatively well, ETH has dropped all the way back to March 2023 levels, wiping out the entire rally. Since its top, Ethereum is down over 63%. 😮‍💨 Still—or maybe because of that—I’m beginning to slowly scale into spot positions here. Yes, we could fall further. I’ve got limit orders set lower, specifically around $1,260, which aligns with the 88.2% Fibonacci retracement and the midpoint of the monthly order block. That’s a key zone I’ll be watching if price keeps dropping. That said, this Wave (2) should be nearing its final stage. The sell-off has been steep, and if we lose $804, that would flip Ethereum’s entire monthly structure bearish—a scenario I’d consider extremely negative. I don’t expect ETH to suddenly blast past $5,000 from here, but at these levels, I see a clear opportunity to build longer-term spot exposure—and that’s exactly what I’m starting to do now.
Long
by stromm
Bitcoin: Blood in the Streets – Now is the Time!Once again, there’s blood in the streets—and from this point on I start scaling into spot positions again, slowly but deliberately. All of these are spot entries with soft stop-losses—not hard exits, but areas I’ll react to if needed. So why now? For one, we’re sitting right above the 38,2% Fibonacci level for the ending of the wave A. At the same time, we’re about to tap into a daily Fair Value Gap, while trying to hold the range support—two important technical levels lining up on the higher time frame. Below that, we have an untapped VWAP at $65.5K, which could act as a magnet, as it often does. And yeah—if we go under $62K or even $60K, the classic “time to work at McDonald’s” joke comes back. But seriously: in markets like this, you need to stay calm, have some humor, and most of all, know what’s possible. So I’m cautiously watching the S&P 500 closely, which plays a big role in this setup for me. That’s where I stand on BTC right now—careful optimism, grounded in context and reasoning for me.
Long
by stromm
1
Very wide and strong price range-watch technical zones for profi🔔🔔🔔 Gold news: ➡️ Gold prices opened the week with a sharp decline, hitting a one-month low below the $3,000 mark. However, buyers quickly stepped in, driven by the narrative that rising risks of a U.S. economic recession—fueled by Trump’s tariff war—pose a greater concern than inflation. This has increased expectations that the Federal Reserve will implement aggressive rate cuts this year. ➡️ Still, it remains to be seen whether gold can sustain its modest rebound, especially after Friday’s broad-based selloff, which forced traders to cover losses and meet margin calls by cashing out their gold positions. Personal opinion: ➡️ The sellers are still dominant in the short term, and the bottom of this correction has not yet been determined. Gold prices fluctuate too quickly and strongly, so limit many orders because of high SL risk. Watch for technical zones to make profits and wait for further confirmation of the market trend. ➡️ Analysis based on important support - resistance zones and Fibonacci combined with trends and EMA to come up with a suitable strategy Resistance zone: 3056 - 3076 Support zone: 3077 -3040 Plan: 🔆Price Zone Setup: 👉Buy Gold 3077 -3079 ❌SL: 3070 | ✅TP: 3085 – 3090 – 3095 👉Buy Gold 3040 -3042 ❌SL: 3033 | ✅TP: 3050 – 3060 – 3070 👉Sell Gold 3056 -3058 (Scalping) ❌SL: 3062 | ✅TP: 3050 – 3043 – 3030 👉Sell Gold 3076 -3078 ❌SL: 3083 | ✅TP: 3070 – 3060 – 3050 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDLong
by FM-ForexMastermind
2
Elliott Wave Analysis on $SOLUSDT – ElliotWave count🟢 Current Wave Structure The chart shows a complex corrective structure that fits well within the Elliott Wave principle: We are currently in a larger ABC correction, with the green-labeled wave (C) likely approaching completion. The most recent move down in green (C) may have marked the end of a broader corrective cycle. The current movement looks like a short-term ABC correction in red – typical for a corrective bounce after a strong sell-off. 🟥 Short-Term Movement (Red Wave A-B-C) Within the lower timeframe, we can see a corrective recovery forming a red A-B-C structure: Wave A (red) has already completed, Wave B (red) is currently forming (sideways or slightly lower), Wave C (red) could result in a final push upwards towards the green descending trendline – targeting around 138–142 USDT – unfolding as an internal orange A-B-C. 🟩 Key Trendline (Green) The green descending trendline has been respected multiple times and acts as strong technical resistance. ⚠️ Scenario: A rejection from this level is highly likely and would mark the end of the current relief rally – completing the larger green wave (B). 🟧 Short Entry Zone The orange Fibonacci zone around 142 USDT marks an ideal short setup area. This level is confluence of Fibonacci extensions and previous resistance. ⚪ What’s Next? After the orange wave C finishes (completing green wave (B)), I expect an impulsive move to the downside – likely unfolding as a classic 1-2-3-4-5 wave within the green wave (C). Target zones: First zone: ~108 USDT (highlighted by green/yellow/red Fibonacci extension), Final bear target: Possible deep wick below due to the high volatility and liquidity in that zone. ✅ Key Support Zone (Green / Yellow / Red) Around 108 USDT, we find a strong confluence support – labeled as End of Bears. This zone may act as a potential reversal point, possibly kicking off a new bullish cycle with long-term targets reaching 200+ USDT.
Long
by ElliotXSolana
LTC Targets $70: A High-Probability Reversal SetupLitecoin (LTC) has just broken below the critical $80 low, signaling that bearish pressure is firmly in control. Currently trading at $79—just beneath the swing low at $80—LTC is also sitting below the monthly open at $82.98. With the bears flexing their dominance, traders are left wondering: Where does the price head next? What’s the target for the bears, and where can bulls find an opportunity to re-enter the market? Let’s dive into the charts, pinpoint the key levels, and craft a plan that could turn this downturn into a golden opportunity. The Current Market Picture LTC’s recent breach of $80 confirms the bearish momentum that’s been brewing since its peak at $147.06 on December 5, 2024. Litecoin enjoyed a stellar 122-day bullish run, soaring +195% from $49.80 to high at $147.06. Now, we’re on the 122nd day of a downtrend—a poetic symmetry that hints at a potential turning point. The question is: where will this descent find its floor, and how can we position ourselves for what’s next? Support Zone: The $70 Fortress To identify a robust support zone, we need confluence—multiple technical factors aligning to form a level that’s tough to crack. Here’s what the chart reveals: Fibonacci Retracement: Using the Fib tool from the 2024 low at $49.80 to the high at $147.06, the 0.618 retracement at $86.95 has already been lost, turning our focus to the 0.786 level at $70.61. This deep retracement is a classic spot for reversals, making it a prime candidate for a support zone. Yearly Level: At $70.14, this pivot is nearly identical to the 0.786 Fib level, adding significant weight to the area. Volume Profile: The Point of Control (POC) from a 1.5-year trading range sits right around $70, just above the Fib level. This is the price with the highest traded volume over that period—a natural magnet for price action. Yearly Order Block: Visualized as a green channel, this order block reinforces the $70 zone, suggesting past institutional buying interest or significant support. Together, these factors create a $70 support zone that’s brimming with confluence. It’s not just a random level—it’s a fortress where bulls could mount a serious stand. Long Trade Setup: Entry Strategy: Use a Dollar-Cost Averaging (DCA) approach to build your position. Start with small buys around $75, laddering down to $70, and increase your position size as price nears the core of the support zone. Aim for an average entry of $73/72. Stop Loss (SL): Set it below $68 to protect against a deeper breakdown while giving the trade room to breathe. Take Profit (TP): First Target: $80 (the swing low and monthly open not far off). Main Target: $100 (a key psychological and resistance zone). Risk-to-Reward (R:R): With an average entry at $73 and SL at $68, you’re risking $5 to gain $27 (to $100)—a stellar 5:1 R:R or better. This is a high-probability setup that rewards patience. Execution Tip: Watch for bullish signals in the $70-$75 range—candlestick pattern, volume spikes, or RSI divergence. This isn’t about chasing; it’s about precision. Resistance Zone: The $100 Battleground If bulls reclaim control and push LTC higher, the $100 psychological level looms as a major resistance zone. Here’s why it’s a HOTSPOT: Yearly Open: At $103.28, this level is close enough to $100 to bolster its significance. Anchored VWAP: Drawn from the 2024 low at $49.80, the VWAP currently sits around $102.4, adding another layer of resistance. Historical Context: The $100 mark has been a recurring battleground, with bulls and bears clashing repeatedly. It’s a price that carries weight. A rally to $100 wouldn’t just be a recovery—it’d be a statement. A clean break above could hint at a broader trend reversal, but until then, it’s a ceiling to respect. What’s Next? Bears vs. Bulls For now, the bears are driving LTC lower, with the break below $80 opening the door to the $70 support zone. That’s their likely target—a level where selling pressure could exhaust itself. For bulls, $70 isn’t just a floor; it’s a launchpad. The DCA long setup offers a low-risk, high-reward entry. Wrapping It Up Litecoin’s drop from $147.06 to $79 has been brutal, but the chart is screaming opportunity. The $70 zone—backed by Fibonacci, levels, volume, and order blocks—is where bulls could turn the tide. With a DCA entry at around $73/72, SL below $68, and a main target at $100, you’ve got a trade setup that could deliver a 5:1 payoff. Meanwhile, $100 stands as the bears’ next big test if momentum shifts. So, will you wait for LTC to hit $70 and strike, or watch the action unfold? The levels are clear—now it’s your move. Use this analysis to sharpen your edge, and let’s see where Litecoin takes us in the days, weeks, and months ahead. ________________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know, I’m here to break down the charts you want to see. Happy trading =)
Long
by SiDec
1
Panic Selling LINK? Here’s Your Master PlanBuckle up! LINK has been riding a relentless bearish trend for 113 days, ever since it kissed its peak of $30.94 back in December 2024. With economic uncertainty casting a shadow over the markets and fear gripping investors, the big questions loom: Is this the dip to buy while others panic-sell? Or is it wiser to sit on the sidelines? Let’s slice through the noise, dissect LINK’s chart like a seasoned pro, and uncover the setups that could turn this chaos into opportunity. Let’s dive in! The Big Picture: LINK’s Bearish Blueprint LINK is currently trading at $13, a far cry from its yearly open of $20. April has kicked off, and LINK has already surrendered the monthly open at $13.5, a critical level now acting as a brick wall overhead. Zooming out, the trend is unmistakably bearish: lower highs and lower lows dominate the chart. Adding fuel to the fire, LINK is languishing below the Point of Control (POC) at $14.32, derived from a 1.5-year trading range. This is a market screaming caution for bulls and whispering opportunity for bears, at least for now. But charts don’t lie, and they’re packed with clues. Let’s map out the key levels, pinpoint trade setups, and arm ourselves with a plan that’d make even the most seasoned traders nod in approval. Resistance Zones: Where Bears Sharpen Their Claws 1.) Resistance - The Golden Pocket ($13.6 - $13.7) Using the Fibonacci retracement tool on the latest downward wave, the golden pocket (0.618 - 0.65 Fib) aligns beautifully with the monthly open at $13.5. Oh wait there’s more, this zone overlaps with a Fair Value Gap (FVG), making it a magnet for price action. Trade Setup (Short): Entry: ~$13.5 (if price tests and rejects this zone). Stop Loss (SL): Above the recent swing high at $14.4. Take Profit (TP): First target at $11.85 (swing low), with a stretch goal at $11. Risk-to-Reward (R:R): A solid 2:1. The Play: If LINK crawls up to this resistance and gets smacked down, bears can pounce. Watch for rejection candles (e.g., shooting star, bearish engulfing) to confirm the move. 2. Key Resistance - Cloud Edge & VWAP ($15.74 - $16.5) The Cloud edge of my indicator sits at $15.74, while the anchored VWAP (from the $26.4 high) hovers at $16.5. A break above $16.5 would flip the script, snapping the bearish structure and signaling a potential trend reversal. Bullish Scenario: If bulls reclaim $16.5 as support, it’s a green light for a long trade. Until then, this is a fortress for bears to defend. The Play: No bullish setups here yet. Support Zones: Where Bulls Build Their Base 1.) Support - Swing Low ($11.85) This is the first line in the sand for bulls. A potential Swing Failure Pattern (SFP), where price dips below $11.85, sweeps liquidity, and reverses—could spark a long trade. The Play: Watch for a bullish reversal candle or volume spike here. 2.) Major Support Cluster - The Golden Zone ($10 - $11.85) This is where the chart sings a symphony of confluence: Swing Low: $11.85. POC: $11.33 (1.5-year trading range). Monthly Level: $11.02. Fib Retracement: 0.886 at $10.69 and 0.786 (log scale) at $10.77. Psychological Level: $10. Trade Setup (Long): Entry: Dollar-Cost Average (DCA) between $11.85 and $10. Stop Loss (SL): Below $10 Take Profit (TP): First target: $13.5 (monthly open), stretch goal: $20 (yearly open). Risk-to-Reward (R:R): A monstrous 6:1 or better, depending on your average entry. This is the kind of trade we are looking for! The Play: Patience is key. Wait for confirmation—think bullish engulfing candles, a surge in volume, or positive order-flow momentum. This isn’t a “hope and pray” trade; it’s a calculated ambush on the bears. Market Structure: Bears Rule, But Bulls Lurk Right now, LINK’s chart is a bear’s playground—lower highs, lower lows, and no bullish momentum to speak of. The $16.5 VWAP is the line in the sand for a trend shift, but until then, short trades take priority. That said, the $10 - $11.85 support zone is a coiled spring for bulls. If fear drives LINK into this range, it’s time to load the boat with longs—provided confirmation aligns. Your Trading Edge LINK’s 113-day bearish descent is a wild ride, but it’s not random chaos—it’s a roadmap. Bears can feast on rejections at $13.5 - $13.7 with a tidy 2:1 R:R short. Bulls, meanwhile, should stalk the $10 - $11.85 zone for a high-probability long with a 6:1+ R:R payoff. Whether you’re scalping the dips or swinging for the fences, these levels give you the edge to trade with confidence. So, what’s it gonna be? Short the resistance and ride the wave down? Or stack bids at support and catch the reversal of a lifetime? The chart’s laid bare—now it’s your move. Drop your thoughts below, and let’s conquer this market together! If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know, I’m here to break down the charts you want to see. Happy trading =)
Short
by SiDec
18
NFP BIG BULL SETUP BREAKOUT ALERT!🔥 Market Update for Traders! 🔥 Right now, the market is showing BEARISH momentum, and it's looking like we're heading for a dip. We could see the market fall and sweep the area around 3052 👀. Once that happens, expect a *huge* bounce back as the market could be getting ready to **shoot to the moon 🚀🌕! 🛑 KEY BUY LEVEL: 3130 - This is where you want to be ready to go long! 📈 🎯 First Target: Once we hit 3130, eyes on the ATH (All-Time High) for the retest! 🙌 And from there, we're eyeing a target at 3200 🚀🔥. 💥 NFP News Incoming! 💥 After Trump's speech, gold could *fall* around 1000 pips ⬇️, but **NFP could trigger a huge pump 📊💥. Stay sharp and trade with caution. 💡 Risk Management is KEY! Always follow your plan, set stop losses, and protect your capital. Don't let emotions drive your decisions! 📉🔑 Trade smart, stay sharp, and let's get those gains! 💸💥 #BearishMomentum #BullishReversal #RiskManagement #GoldPrice #NFPAlert
OANDA:XAUUSD
by ANNA_EXPERT
1
#ATOMUSDT shows a strong bullish impulse 📈 LONG BYBIT:ATOMUSDT.P from $5.100 🛡 Stop loss $4.948 🕒 4H Timeframe ⚡️ Overview: ➡️ The POC (Point of Control) BYBIT:ATOMUSDT.P is at $4.628, which marks the high-volume area from which the current bullish move started. ➡️ A breakout above the $5.00 resistance occurred with strong volume, confirming bullish strength. ➡️ The upward move is supported by large green candles and rising trading activity. ➡️ The $5.100 entry level aligns with previous consolidations and acts as a flipped support. 🎯 TP Targets: 💎 TP 1: $5.188 💎 TP 2: $5.280 💎 TP 3: $5.350 📢 Watch for price holding above $5.00 — it’s key for continued upside. 📢 If price drops below $4.948, the long setup becomes invalid. BYBIT:ATOMUSDT.P shows a strong bullish impulse — confirmation via volume and breakout supports the continuation scenario.
Long
by MoriartyTrading
Stable Awaiting US NF After Yesterday’s Crazy 2000 Pips Move🔔🔔🔔 Gold news: ➡️ The spot gold price struggled to maintain the $3,100 level during US trading, dropping from a new record high of $3,167.68. The XAU/USD pair surged during Asian trading hours yesterday as market participants panicked following the "Liberation Day" announcement by US President Donald Trump. ➡️ Financial markets were in turmoil amid speculation that inflation would soar while economic progress could stall. Concerns over a potential economic recession in the US grew, along with speculation that the Federal Reserve (Fed) might need to adjust its monetary policy accordingly. The US dollar dropped sharply, and stock markets around the world also declined. Personal opinion: ➡️The drop in gold prices was mostly due to profit-taking by bulls after seeing the RSI of gold enter overbought territory and halting trading to monitor developments. ➡️Yesterday was a very rare crazy day when the gold price fluctuated up and down by 2000 pips. ➡️ Today the market will be slower and less volatile to wait for the NF news from the US to consider the new momentum to push the gold price. So watch the strong technical resistance - support zones to be able to make profits from them. Resistance zone: 3113– 3137 Support zone: 3085 - 3070 - 3060 Plan: 🔆Price Zone Setup: 👉Buy Gold 3084- 3086 (Scalping) ❌SL: 3079 | ✅TP: 3090 – 3093 – 3100 👉Buy Gold 3058- 3060 ❌SL: 3053| ✅TP: 3065 – 3070 – 3080 👉Sell Gold 3128- 3130 (Scalping) ❌SL: 3135 | ✅TP: 3124 – 3120 – 3116 👉Sell Gold 3065- 3067 ❌SL: 3172| ✅TP: 3160 – 3155 – 3150 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDLong
by FM-ForexMastermind
1
USD/CAD Trend in Today's European and American Trading Sessions✍ ✍ ✍ USD/CAD news: ➡️ The USD/CAD pair continued its downtrend for the fourth consecutive day as selling pressure on the US dollar remained dominant. ➡️ Concerns that Trump's tariffs could lead to a US recession, prompting the Fed to cut interest rates, weighed on the greenback. ➡️ Meanwhile, overnight declines in crude oil prices weakened the Canadian dollar, providing some support to the pair. ➡️ Additionally, traders appeared hesitant to take fresh positions ahead of upcoming jobs reports from both the US and Canada. Personal opinion: ➡️ The USD/CAD pair is showing signs of a bullish recovery after entering oversold territory. This bodes well for the pair. ➡️ In the long run, the trade war impact will lead to more risks for currencies like CAD. So this is still an advantage for the USD ➡️ Analysis based on important physical dimensions - support and Fibonacci combined with EMA and trend to come up with a suitable strategy Plan: 🔆Setting up the price zone: 👉Buy USD/CAD 1.4110– 1.4100 ❌SL: 1.3970 | ✅TP: 1.4160 – 1.4200 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1