USD/CAD finds support (but 1.40 still beckons)USD/CAD has spent most of the past two weeks stuck on sell mode, after its short-lived rise to the 22-year high of 1.48 came crashing down thanks to tariffs being delayed.
Due to bears closing shorts on CAD futures and bulls shying away from long USD bets, my core view is for USD/CAD down to 1.40, just above the 2022 high. But over the near term it shows the potential for a bounce towards 1.43.
Last week's low stalled around a weekly VPOC and November high. A small bullish hammer and inside-day doji also formed around the 100-day EMA, while a bullish divergence also formed on the daily RSI (2) in the oversold zone.
Bulls could seek dips towards the weekly VPOC in anticipation of a bounce to 1.4250, while prices hold above last week's low. At which point we can revisit its potential to roll over once more, in line with the core bias outlined above.
Matt Simpson, Market Analyst at City Index and forex.com
Multiple Time Frame Analysis
FALLING WEDGE PATTERN is yet to be completed As we can see NIFTY is forming more like a falling wedge pattern in bigger time frame which could result major change in trend when the break of structure is seen but we can see NIFTY has not fully formed falling wedge pattern and hence giving more room for fall so unless the structure is completely formed, every rise can be sold till confirmation is found so plan your trades accordingly and keep watching.
GOLD MELTDOWN INCOMING? THE ONLY BREAKDOWN YOU NEED!Welcome back, traders! Mr. Blue Ocean FX here, breaking down the latest price action on gold (XAUUSD) . Let’s dive straight into the technicals and see what the market is telling us.
Market Overview
Gold has been on a strong bullish run since December 30th, surging from the 2620 area all the way to 2942, marking an aggressive impulse move. However, last week, we saw signs of exhaustion, particularly with a rejection wick forming on February 10th, signaling potential downside pressure.
Daily Timeframe Analysis
On the daily chart, price action printed a double top around 2929, followed by a strong bearish engulfing candle that closed on Friday. This indicates a potential momentum shift from buyers to sellers. We also placed a key level at 2881, marking the recent wick low. This level is crucial because if price breaks below it, it would confirm sellers stepping in with conviction.
H4 Timeframe Analysis
Scaling down to the 4-hour (H4) chart, we can see a clearer structure:
• Price spiked high, retraced, and formed a higher low before another push up.
• The latest move shows a break and retest pattern, where price broke structure and is now testing previous support as resistance.
• While the H4 candle looks promising, we are waiting for a solid close to confirm the momentum shift before executing a trade.
H1 Timeframe Execution Plan
On the 1-hour (H1) chart, here’s our trade setup:
1. Waiting for a pullback after the breakdown.
2. Looking for price to form a lower high at 2896.
3. Entry confirmation comes with strong bearish volume and a small retest.
4. Short position at 2896, with a stop loss just above the 2906.55 wick high.
5. First target: Recent lows near 2881 for a 1:2 risk-to-reward ratio (RRR).
6. If price breaks below the daily low, we could see further downside continuation.
Final Thoughts
This setup is in play, and we are watching how price reacts at key levels. If the market confirms our bias, this could be a solid high-probability short trade.
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Bitcoin (BTCUSD) - Whiskers Away From Destruction Perma bulls are screaming $250,000 whilst perma bears are hollering the top is in. Currently, we sit below $100,000 with $98,405 being the key resistance over the last few days.
Something BIG is brewing and it could take both buyers and sellers out of the market short term.
Whenever price action trades within a tight range like what we have been seeing for several of days, liquidity spikes tend to show its face; whether that’s to the upside or downside, it’s anybody’s guess.
But the question I keep asking myself is, where does the most pain lay? Trading back up inside the premium range or sinking down to discounted prices @ $88,000?
I guess time will tell…..
GBPJPY - Sell Idea Today - for NY Session NOTE: This idea is counter-trend, so lower probability
Looking to come back into fair value below.
Trading the retracement.
We're sitting at an area of interest where market is reacting from.
As long as we don't break the highs, then looking for a quick Sell for today. Not holding over the weekend.
Short trade
30min TF overview
Sellside Trade
Pair: EURGBP
Date: Friday, 14th February 2025
Time: 6:30 AM (NY Time)
Session: London to NY Session AM
Trade Details:
Entry: 152.131
Profit Level: 151.440 (+0.45%)
Stop Level: 152.443 (-0.21%)
Risk-Reward Ratio (RR): 2.21
Reason: This sellside trade is based on market structure confirmation, liquidity sweeps, and session timing,
EURUSD retracement?
I'm watching OANDA:EURUSD today. My bias is bullish and would like to see it swipe some liquidity and reach some buy zones. There's also an imbalance in the Daily timeframe. However being a US holiday today, I don't expect a lot of movement. So I'm also considering the retracement down to those levels, considering its distance from them. Observing and waiting for liquidity to be taken first before taking any trades. Maybe preserving capital is the right trade today?
XAU/USD 17 February 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remains the same as analysis dated 11 February 2025.
As mentioned in yesterday's analysis dated 10 February 2025 that it is highly likely price will print a bullish iBOS is how price printed.
Price is currently trading within an internal low and fractal high.
ChoCH positioning to indicate, but not confirm bearish pullback phase initiation is denoted with a blue dotted line.
Intraday Expectation:
Price to continue bearish and react at either discount of internal 50%, or H4 demand zone, before targeting weak internal high, priced at 2,942.780.
Alternative scenario:
Given HTF (Daily and Weekly) have also printed bullish iBOS' it would not come as a surprise if price printed a bearish iBOS.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remains the same as analysis dated 11 February 2025.
Price printed as per yesterday's analysis whereby it was mentioned price to print bearish CHoCH to indicate bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation:
Price to trade down to either discount of 50% internal EQ or nested H4/M15 demand zone before targeting weak internal high priced at 2,942.780.
Alternative Scenario:
As all HTF's are in bearish pullback phase it would be viable if price targeted strong internal low, printing a bearish iBOS.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
Bitcoin - Will Bitcoin Hit $100,000?!Bitcoin is trading below the EMA50 and EMA200 on the four-hour timeframe and is trading in its descending channel. Bitcoin’s upward correction and its placement within the channel ceiling will allow us to resell it. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and capital management in the cryptocurrency market will be more important. If the downward trend continues, we can buy within the demand range.
During the past trading week, spot Bitcoin ETFs saw a capital outflow of $651 million, breaking their consecutive weekly inflow streak in the United States. Similarly, U.S. spot Ethereum ETFs experienced a modest capital outflow of $26 million, reflecting a nearly neutral trend in this segment.
Over the past few months, Bitcoin and Ethereum have followed different trajectories—Bitcoin has seen a substantial price increase, whereas Ethereum has faced notable challenges. One contributing factor to this divergence has been the economic policies proposed by U.S. President Donald Trump, which have favored Bitcoin.
Bitcoin’s price is currently just below $100,000, after approaching $110,000 in mid-January. Meanwhile, Ethereum has significantly declined from its recent high in December, as concerns over a potential “dangerous” bubble have emerged.
Wall Street giant Goldman Sachs has unofficially confirmed that it has purchased approximately $2 billion worth of Bitcoin and Ethereum in the form of exchange-traded funds (ETFs). According to a regulatory report, Goldman Sachs ramped up its investments in Bitcoin and Ethereum ETFs during the fourth quarter, increasing its Ethereum ETF holdings by 2000% and boosting its Bitcoin ETF investments to over $1.5 billion.
The ETFs acquired by Goldman Sachs include Bitcoin and Ethereum funds managed by BlackRock, as well as those under the control of Fidelity and Grayscale.
In 2023, BlackRock led the campaign for U.S. regulatory approval of spot Bitcoin ETFs, culminating in the launch of a series of these funds in January 2024. These ETFs quickly became some of the fastest-growing exchange-traded funds in history.
For the first time in November, U.S. physical Bitcoin ETFs surpassed $100 billion in net assets, with BlackRock’s iShares Bitcoin Trust (IBIT) now managing over $60 billion in assets.
However, some analysts have downplayed the significance of Goldman Sachs’ Bitcoin and Ethereum ETF investments. James Van Straten, a senior analyst at CoinDesk, stated: “Goldman Sachs’ position, like that of many other banks and hedge funds, is not necessarily a net long position.”
Last month, BlackRock CEO Larry Fink revealed that he had been in discussions with sovereign wealth funds regarding Bitcoin investments, predicting that such talks could push Bitcoin’s price as high as $700,000.
Fink, who spearheaded Wall Street’s entry into the cryptocurrency market last year through a series of Bitcoin ETFs, told Bloomberg at the World Economic Forum in Davos: “If all these discussions had materialized, Bitcoin’s price could have reached $500,000, $600,000, or even $700,000.”
In another major development, the U.S. Securities and Exchange Commission (SEC) officially announced that Ripple is not considered a security and should not be subject to securities regulations. This decision marks a significant victory for Ripple and could ease regulatory constraints and lawsuits that the SEC has pursued against other altcoins.
Additionally, the SEC has indicated that it may drop its lawsuit against Coinbase and has requested 30 days to review the exchange’s applications. Earlier this week, the SEC also dropped its case against Binance, signaling that SEC Chairman Gary Gensler’s crackdown on cryptocurrencies has largely failed. The lawsuit against Coinbase had been one of the most significant regulatory actions against the crypto industry during Gensler’s tenure at the SEC.
Short trade
4Hr TF overview
Sellside trade
Pair AUDNZD
Entry 5min TF
Structure Day
Entry 4Hr
Thu 13th Feb 25
5.00 pm (NY Time)
LND to NY Session PM
Entry 1.11112
Profit level 1.10544 (0.51%)
Stop level 1.11346 (0.21%)
RR 2.43
Reason: Observing price reactions at a pivotal supply level (1.11112) indicated a retracement was likely to balance price through sellside delivery. This confirmed the short setup, aligning with the expected market structure shift.
NAS100 - Nasdaq is setting a new ATH!The index is trading above the EMA200 and EMA50 on the 4-hour timeframe and is trading in its ascending channel. If the index corrects towards the marked trend line, which is also intersecting the demand zone, we can look for further buying opportunities in Nasdaq.
At the start of the week, the U.S. dollar strengthened significantly after President Donald Trump announced a 25% tariff on steel and aluminum imports. He also stated that any country imposing tariffs on American products would face reciprocal tariffs from the U.S. Later, Federal Reserve Chairman Jerome Powell, in his congressional testimony, emphasized that the central bank is in no hurry to implement further rate cuts. Additionally, data from the U.S. Consumer Price Index (CPI) for January came in higher than expected, further supporting the dollar.
Although the dollar experienced a slight correction on Thursday and Friday, these factors, combined with a strong non-farm payroll report for January, led investors to anticipate a rate cut of only 30 basis points for the year. This outlook is more hawkish than the Federal Reserve’s own forecast of a 50-basis-point reduction. In other words, traders in financial markets have fully priced in just a single 0.25% rate cut by December.
Kevin Hassett, Chairman of the White House Council of Economic Advisers, revealed in an interview with CBS’s Face The Nation that he meets regularly with Federal Reserve Chairman Jerome Powell. He stressed that these meetings are not intended to influence interest rate policy and that Powell’s independence is respected, although the President’s views are still conveyed.
Hassett also pointed out that long-term yields have declined, with a 40-basis-point drop in the 10-year Treasury yield, indicating market expectations of lower inflation.
Retail sales data showed a 0.9% decline following an upwardly revised 0.7% increase in December. Out of 13 reported categories, nine recorded declines, with the largest drops observed in automobiles, sporting goods, and furniture stores.
Following a tense week filled with impactful economic news, the upcoming week is expected to be quieter and shorter, as U.S. markets will be closed on Monday in observance of Presidents’ Day.
Key economic events for the week include the release of the Empire State Manufacturing Index on Tuesday, the minutes from the latest Federal Reserve policy meeting, and U.S. housing starts and building permits data on Wednesday. On Thursday, weekly jobless claims and the Philadelphia Fed Manufacturing Index will be released. Finally, Friday will see the publication of preliminary S&P Flash PMI reports and existing home sales data.
Short trade
30min TF overview
Sellside Trade
Pair: GBPJPY
Date: Friday, 14th February 2025
Time: 8:00 AM (NY Time)
Session: London to NY Session AM
Trade Details:
Entry: 191.892
Profit Level: 190.673 (+0.64%)
Stop Level: 192.525 (-0.33%)
Risk-Reward Ratio (RR): 1.98
Reason: Trade capitalizes on bearish market structure, liquidity sweeps, and session timing to execute a short position.
what a week it was!!! still looking for better opportunities pound gained against the dollar last week same happened to euro against the green buck. GBPUSD gave us nice buy oppotunities on the demand areas and respected the ema so tightly , we will be looking for more bullish continuations up to price 1.05750 . EURUSD gained as investors and traders went long , for me i will be looking for bullish continuations @ 1.05750 the we might get slight retracement. keep up with oil we have globally the prices of oil drop from 74$ per barrel to 70$ per barrel . my predictions would be to still see the price of oil drop further in future , we shall be looking to go short once the market retraces back to price 72.15 $ per barrel
Gold’s Wild Ride: From Record Highs to Sudden Sell-OffsLast week was highly volatile for Gold prices.
After reaching a new all-time high on Tuesday, the price dropped sharply by approximately 800 pips. However, it began recovering on Thursday and climbed back to the 2940 zone on Friday.
In the final hours of trading, Gold experienced another sharp decline, closing the week exactly at the 2880 support level.
These repeated sell-offs from the all-time high suggest that a deeper correction may be underway, potentially confirming a double-top pattern. If this scenario unfolds, the measured target for the drop could be around 2820.
With this in mind, I will look to sell rallies against the recent 2940 all-time high.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
EURUSD 17 Feb 2025 W8 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 17 Feb 2025 W8 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
No major economic news for today and market sentiment still continuing as per my Weekly Analysis
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bearish
🔹Reached Swing Extreme Demand
🔹Swing Continuation
2️⃣
🔹With the deep pullback to the Bullish Swing extreme discount and mitigating the 4H/Daily demand zones, price turned Bullish forming a Bullish CHoCH.
🔹The current Bullish move from Swing extreme discount to current price level having 2 scenarios (Previously I’d the following 2 scenarios where now I favors the 2nd scenario due to the impulsive nature of the move):
Scenario 1: Pullback for Bearish INT Structure and with the recent Bearish CHoCK and Minor Demand zones are failing, I expect Bearish continuation to target the Weak INT Low which aligns with the Daily/Weekly Bearish Structure/Move. (Counter Swing – Pro Internal)
Scenario 2: Bullish Swing continuation to target the Weak Swing High. Which requires to have Demand holding and Supply failing. The first sign required to confirm this scenario will be the current Demand which price is currently at to hold and we form a Bullish CHoCH. (Pro Swing – Counter Internal)
🔹With the recent moves, Supply is failing and Demand is holding solidifying the scenario that the Bullish 4H Swing continuation in play.
🔹Price swept Liq. above 30 Jan on 4H and Daily where I’d noted in the previous days analysis which can provide a decent pullback. (Bearish CHoCH is required to confirm the Sweep of Liquidity. Otherwise, it’s not enough and price will continue from the recent 4H Demand formed).
3️⃣
🔹Expectations is set to continue Bullish to target the Weak 4H Swing High to facilitate to the Daily and Weekly expected Bullish move.
15m Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Swing continuation after BOS, Waiting Swing pullback phase.
2️⃣
🔹Bullish Swing structure continuing bullish aligning with the 4H Bullish Swing continuation phase.
🔹After the recent Swing BOS, INT structures continuing bullish and I’m expecting the 15m BOS pullback to start soon with Bearish iBOS.
🔹Current INT structures could be treated as Swing structures, but I prefer to have the 15m Swing Bullish even when we have a deep pullback.
🔹INT Structure still can hold bullish to facilitate the 4H target the Weak Swing High (Bullish BOS on 4H before pullback).
3️⃣
🔹As it’s Monday and no much catalyst Today, I prefer longs from the INT structure demand following the bullish structures on 15m and 4H while knowing that pullback can start at any time soon where I can shift to Intraday Bearish after confirmation (Bearish iBOS).
EUR/USD - Bullish Setup Building UpPatiently tracking the move — timing is everything.
4H:
Bullish structure locked in, but no liquidity sweep or order block mitigation yet. Waiting for price to make its move.
30M:
Bullish structure still intact, pushing toward liquidity and lining up for that order block mitigation. Clear direction, just needs that final touch.
5M:
Once price hits that OB, I’ll refine my entry with a CHoCH flip and liquidity grab. Staying sharp for the perfect execution.
Bless Trading!
Potential Buy AreasHey traders and investors!
There are no significant changes in the cryptocurrency market.
Some altcoins have dropped to interesting levels on the weekly timeframe, making them potential buying opportunities.
But when will the growth start? It might take 11 months for the price to reach the target (see related post).
I assume that the most capitalized coins have not yet reached their short targets (for example BTC, BNB, SOL). This means that there will probably be further price reductions.
I wish you profitable trades!