EURUSD SHORTEUR/USD Short Trade Setup
Market Structure & Analysis
• The price is moving inside a parallel channel, showing a range-bound market.
• Resistance zone (Upper boundary) has been tested multiple times and rejected.
• The price is now approaching the upper trendline, indicating a potential short opportunity.
Trade Idea
• Entry: Look for bearish confirmation at the resistance zone.
• Stop Loss: Above the previous swing high.
• Take Profit: Lower boundary of the channel (support area).
• Confirmation: Bearish candlestick patterns (e.g., pin bar, engulfing) near resistance.
This trade setup follows a range trading strategy, where price is expected to move within the channel unless a breakout occurs. If the price breaks and closes above resistance, the setup becomes invalid.
Community ideas
GOLD approaching 2,900USD, conditions for correction endOANDA:XAUUSD Spot delivery remains high after yesterday's strong increase and the current gold price is at about 2,887 USD ounce, equivalent to a decrease of 0.20% on the day, limited by the lower edge of the technical price channel and the EMA21.
Geopolitical tensions and impending tariffs have boosted gold prices. Gold prices continue to rise again, but no other price increases have been confirmed yet.
Spot gold prices rose more than 1% on Monday, recovering from a three-week low hit in last week's final trading session, as a weaker U.S. dollar and U.S. President Trump's tariff policies spurred safe-haven buying.
On Monday local time, US President Trump said at a press conference that the US would impose 25% tariffs on Canada and Mexico on March 4 and said there was no room for negotiations with these two US allies.
Additionally, the US government announced it will impose an additional 10% tariff on Chinese products exported to the US starting March 4, citing fentanyl and other issues.
Mr. Trump also said on Monday that the United States would impose "reciprocal tariffs" starting April 2 and would impose tariffs on countries that devalue their currencies as sanctions. In addition, Trump said on social networks that the United States will impose tariffs on "foreign" agricultural products from April 2.
Analysis of technical prospects for OANDA:XAUUSD
After recovering from the support area noticed by readers in the previous issue at the area of 2,850 - 2,835 USD, gold has achieved the first target level at 2,880 USD and then approached the next target level at the original price point of 2,900 USD. It is also limited by the original price point of 2,900 USD when this is also the confluence of the lower edge of the price channel and EMA21.
Once gold breaks the $2,900 level and trades above it, it will be primed to continue rising, marking the end of the downward correction with a target then $2,942 in the short term, more than the location of the all-time peak.
The relative strength index is also receiving support from the 50 level, if bullish momentum takes it back above the 60 level, this will be a positive signal for gold price upside on the technical chart.
During the day, the technical outlook for gold prices is recovery with the condition of ending the above adjustment cycle, notable positions will also be listed as follows.
Support: 2,880 – 2,868USD
Resistance: 2,900 – 2,942USD
SELL XAUUSD PRICE 2921 - 2919⚡️
↠↠ Stoploss 2925
→Take Profit 1 2913
↨
→Take Profit 2 2907
BUY XAUUSD PRICE 2858 - 2860⚡️
↠↠ Stoploss 2854
→Take Profit 1 2866
↨
→Take Profit 2 2872
USNAS100| SHORT TERM U.S. stock futures inched higher early as a correction Tuesday after the three major averages sold off sharply. Investors also awaited President Donald Trump’s tariffs on Canada and Mexico, which he said would take effect on Tuesday.
The price declined as anticipated and has stabilized below 20,545. Today, it is expected to attempt a breakout at 20,345 to reach the next support zone between 20,110 and 20,935. Should the price fall below this zone, the next key support level is at 19,735.
Bearish target: 20,345. 20,110. 20,935.
From a technical perspective, a confirmed bullish reversal would require a breakout above the resistance zone between 21,385 and 21,030.
Bullish target: 20,545. 21,385. 21,030.
GBP/CAD Analysis – Key Levels & Trade Scenarios📊 Timeframe: Weekly (1W) | Current Price: ~1.8391
📈 Bullish Context:
Resistance at 1.8391:
Price is testing a strong supply zone (dark red area).
A breakout above this level could open the door to further upside.
Support at 1.8233 & 1.7677:
1.8233: Short-term support where buyers have stepped in.
1.7677: Major support level, previously tested multiple times.
📉 Current Outlook:
Price has aggressively moved up, breaking through previous resistances.
Approaching a critical resistance area, where rejection is possible.
If a rejection occurs, a retracement toward 1.8233 or 1.7677 could be seen.
📈 Trade Setups:
🔼 Long (Breakout Play):
Entry: Above 1.8400 with confirmation.
Target 1: 1.8600
Target 2: 1.8800
Stop Loss: Below 1.8230 to avoid fakeouts.
🔻 Short (Rejection Scenario):
Entry: Bearish rejection from 1.8391 with confirmation.
Target 1: 1.8233
Target 2: 1.7677
Stop Loss: Above 1.8450.
📌 Final Thoughts:
GBP/CAD is at a critical resistance; a breakout could lead to new highs.
A rejection would confirm a pullback toward support levels.
Key macroeconomic data may impact momentum and direction.
Bearish drop off pullback resistance?EUR/GBP is reacting off the pivot which has been identified as a pullback resistance and could drop to the pullback support.
Pivot: 0.8265
1st Support: 0.8224
1st Resistance: 0.8292
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AUD/USD: Bearish Continuation in PlayThe AUD/USD pair has confirmed a bearish breakout, breaking below its ascending trendline and shifting momentum downward. Previously, the pair moved within an uptrend channel, encountering multiple sideways consolidations before reaching a peak at 0.64035. However, once the price rejected the resistance zone and broke the trendline, selling pressure took over.
Currently, AUD/USD is trading around 0.62149, with a possible short-term retracement toward the 0.6274 - 0.6299 Fibonacci retracement zone before continuing its decline. If sellers defend this resistance, the next major target lies at 0.61156, aligning with the previous low and key support area.
$CLV Market Update📊 GETTEX:CLV Market Update
Welcome to today's analysis! Let’s break down the current price action on GETTEX:CLV and its potential movement.
🌐 Overview: GETTEX:CLV Testing Key Support
📉 GETTEX:CLV is currently testing the green support zone, a key level where buyers might step in for a potential bounce.
🔄 Current Scenario:
If GETTEX:CLV holds the green support level, we could see a bounce from this zone.
To confirm a trend reversal, the price needs to break out of the red resistance zone, which would invalidate the lower high (LH) structure.
A breakout of the LH structure would signal a shift toward a bullish trend, with the first target at the green line level.
🔑 Key Levels to Watch
🟢 Support Zone: Green Level (Potential bounce area)
🔴 Resistance Zone: Red Level (Breakout needed to shift trend)
🟢 First Target: Green Line Level (If breakout succeeds)
🛠️ Trade Scenarios
📌 Bullish Scenario (Bounce from Support & Breakout Above LH Structure)
If GETTEX:CLV holds the green support, it could bounce up, making an attempt to break the red resistance zone.
A confirmed breakout above resistance would signal a bullish trend shift, with the first target at the green line level.
📌 Bearish Scenario (Break Below Support)
If GETTEX:CLV fails to hold the green zone, the price may continue lower, invalidating the bullish setup.
📌 Conclusion
GETTEX:CLV is at a critical decision zone—a bounce from the green support level followed by a breakout of the red resistance zone would confirm a bullish trend shift. If the price fails to break above the LH structure, the downtrend may continue.
THE ROAD TO 68K BTC.P/USDT 4 HOUR In this idea I expand upon my previous idea posted in December on the 8th. The previous idea showed the rudimentary course we would take according to the formation set of Ascending scallops.
In this chart I outline the key supports, resistance, and the projected bottom point we will bounce from to head back up.
Seems we have fallen from a large scale rising wedge and are now inside of descending broadening wedge. This is all in line with my previous idea and is moving as expected. We do not have long to go before we reach our bottom target if we do in fact move as projected.
Only time will tell, Happy Hunting - TND
XRP “The longer the base, the higher the space”Last time I did this same process(I am not saying is the "right" process) It worked extending to the height of the estimated base in pixels(to have tangible idea of length). If the same repeats, and utility is the perfect fuel, fasten your seatbelts. How far are we from a $240K XRP and a $2M BTC?
USDCHF - Sell Setup at Key Supply ZoneOANDA:USDCHF has reached a key supply zone, highlighted by strong selling interest. This area has historically acted as a resistance level, increasing the likelihood of a bearish reversal if sellers step in.
The current market structure suggests that if the price confirms resistance within this zone, we could see further downside movement. A successful rejection could push the pair toward 0.89940, a logical target based on prior price behavior and the current structure.
However, if the price breaks and holds above this resistance, the bearish outlook may be invalidated, potentially leading to further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
Pay attention to gold's rise and fall, go short!Gold has currently traded as high as around 2910, and gold’s highs are constantly being refreshed. Are the bulls about to return?
The surge in gold this time is mainly due to the continued fermentation of the news of the breakdown of the US-Ukraine negotiations and the impact of Trump's speech in the early morning. Today, Trump will also deliver his first speech in Congress, which will undoubtedly add more uncertainty to the market. From the hourly chart, the current short-term resistance above gold is suppressed in the 2910-2920 area. In the short term, the bullish trend is relatively strong, but gold has not fallen after rising, so it is necessary to pay attention to the high and fall of gold. We can short in the 2920-2930 area.
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Gold Trade Plan 04/03/2025Dear Traders.
according my last scenario gold Broken 2870-2880 and now price 2920
i expect we will have some correction and to 2900 Area, and my Final Target is 2940
If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza!
BTC's current correction will probably end soon.BTC is probably featuring a flat correction with an expanding ending diagonal C wave. If this is indeed the case, the next dip at 70k would be the end of the correction. It might chop around the 80k area for several days/weeks, as the cousin waves (i) and (iii) lasted about 20 days. Of course, it is possible for wave (v) to be shorter in duration, but this is not the likely scenario.
Bitcoin' ---- Trump's Bitcoin's status has become volatile following Trump's continuous tweets, leading to large price gaps. The current trend is promising, but I hope Trump refrains from tweeting further.
Bitcoin will continue to grow, with or without Trump's tweets. What truly matters is decentralization, ensuring it is not dependent on any single country or individual.
LONG ON BITCOINIts Timeeeee.....
Bitcoin has tapped into a major demand zone and has given us a change of character/structure to the upside.
It has pulled back to discount price all day today and is now ready to head back up to 100k.
I am purchasing bitcoin now at 83k expecting it to get back to 100k buy the end of the week. BITSTAMP:BTCUSD
#NIFTY Intraday Support and Resistance Levels - 04/03/2025Gap down opening expected in nifty near the 22050 level. After opening if nifty sustain above 22050 level then only expected upside movement in index. Upside 22300 level will act as a strong resistance for today's session. Major downside fall expected in nifty in case it's starts trading below 22000 level. This downside can goes upto 21700 level.
NVDA Major Trend BreakNVDA finally broke down below its major uptrend it has been in since February 2024. It did move below briefly recently during the DeepSeek sell off, but quickly reclaimed. This time it has fallen much farther below so I'd say it's a bit more concerning for bulls. It did bounce and hold right around that low it made the last time it broke, but this looks like a stronger break that has a better chance of staying below.
This is mission critical for the broader market and if it can't reclaim quickly, it is likely a signal of a longer term correction for the stock itself and the entire market. It will be very important to watch moving forward. First downside targets are 97.40 (previous double top and ATH) and 90.69 (August 2024 low).
BTC IS GOING TO 120 K !#BTC is making a rising wedge and this wedge has 5 elliot waves after this rise we expect a down wave due markets divergence i think the best price to work as a demand is around 75K because there is an obvious gap in this price in CME chart it can work as a magnet check this out