Community ideas
SPY pull back startAs we can see, it appears that today marked the beginning of a pullback, with the price breaking below the trendline and dropping by 1.20%.
Interestingly, the price has now reached the 10 EMA, which often acts as dynamic support. From here, we need to remain patient — either waiting for a bullish reaction at this level or allowing the price to continue pulling back to a deeper point of interest (POI).
Based on how the market reacts at each POI, we can then begin to take action on the trades from our watchlist.
BTC BULLISH RUNBTC'S BULLISH RUN IS BACK ON. The price has been dumped down to trap traders, stop hunt, and liquidate long buyers. I created a three-stage process to analyse the markets. The Jan trading range trapped traders above and was dumped down for three months, FEB,MAR, and APR. This is causing FUGAZI in the market!
$WIF: Uptrend signal activeNice signal in SEED_WANDERIN_JIMZIP900:WIF here, the trend in the daily timeframe has been bullish since April 18th, and has been giving us multiple continuation signals to trade in and out, or scale in with low risk as we move the stop higher if playing it longer term.
If prices hold above recent lows, we can see a close to 50% run from here within a week give or take.
Best of luck!
Cheers,
Ivan Labrie.
CRWD – Flat Top Breakout to All-Time HighsCrowdStrike ( NASDAQ:CRWD ) is breaking out of a flat top consolidation, pushing to new all-time highs — a clean momentum setup that’s hard to ignore.
🔹 Price has been compressing just under ATHs with multiple tests of the same level — a classic flat top breakout pattern.
🔹 Today’s breakout candle is strong, with solid volume and follow-through.
🔹 This setup is all about price acceptance at new highs — and the bulls are showing up.
My Trade Plan:
✅ Entry: On breakout through the flat top
⛔️ Stop: Just below today’s low — keep risk tight
🚀 Target: Ride momentum — trail stop as price extends
Why I like this setup:
Clean structure, strong trend, defined risk
ATH breakouts often lead to trend acceleration if supported by volume
panw had their earnings today and gapped down it still has broken loose this is a good sign
At ATH, blast continuation or tap and turn?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
🚀 Tap & Turn… or Blast?
Bitcoin is reacting well to mapped levels, maintaining structure and respecting key zones. Price action continues to print HLs and HH keeping the bulls confident, atm.
💥 Levels Still Respecting
Recent price action has shown solid reactions at prior resistance and support zones. Nothing overly aggressive, but clean enough to keep structure traders engaged.
🐂 Bulls Still in Control (for Now)
Higher lows remain intact, keeping the bullish structure alive. I did take a lower-degree short, but without a clean break of those HLs, there's no reason to call a shift yet. A break of that pattern would be the first real sign of momentum fading.
🚧 Key Watch Zone: 106K–104K
This is where things get more critical. A clean break below that zone could tilt the balance.
Trade safe, trade smart, trade clarity.
Will spot gold prices continue to rise?Spot gold prices extended their upward trend ahead of the U.S. market open, briefly touching the $3,320 level intraday. According to foreign media reports, U.S. House Speaker Johnson stated that Republicans have reached an agreement to raise the state and local tax (SALT) deduction to $40,000, resolving one of the final issues impeding Trump's economic bill. Following the release of the April trade statement, investors' "unconventional shift" away from traditional safe havens like the U.S. dollar and Treasury bonds may signal a "fundamental institutional change," increasing the risk of "broad-based shifts in global capital flows" that "could have far-reaching implications for the global financial system."
After opening higher today, gold traded within a volatile range. Following a second retracement near $3,290, gold is again likely to test upward resistance. Overall, gold remains in a bullish channel, and barring a break below key support, the probability of continued upside remains high. For today's trading, consider prioritizing long positions on pullbacks as the primary strategy, with short positions at highs as a secondary approach. Monitor resistance at the $3,325-$3,350 level and support at the $3,290-$3,280 level.
Trading Strategy:
buy@3280-3290
TP:3310-3320
In the market, there are no absolutes, and neither upward nor downward trends are set in stone. Therefore, the ability to judge the balance between market gains and losses is your key to success. Let money become our loyal servant.
CAD-JPY Will Go UP! Buy!
Hello,Traders!
CAD-JPY made a retest
Of the horizontal support
Of 103,431 and we are
Already seeing a bullish
Rebound so we will be
Expecting a further
Local bullish rebound
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
BUY Pfizer (PFE) growth by Viagra
Tomorrow, I’m entering a position in Pfizer Inc. (NYSE: PFE)—a globally recognized pharmaceutical giant with strong fundamentals and an attractive technical setup.
Pfizer maintains a solid revenue base, reporting $62.46 billion in total revenue in the last fiscal year. Despite recent fluctuations, its profitability remains intact, with a gross profit of $45.15 billion. The company continues to invest in drug innovation and strategic acquisitions, ensuring long-term growth.
Pfizer is a consistent dividend payer, making it an attractive choice for income-focused investors. Its dividend yield remains competitive, reinforcing its appeal as a long-term hold.
I see strong upside potential — both technically and fundamentally. Now is the perfect time to enter.
USD/CAD Rejected at Key Resistance The Canadian Dollar is attempting to mount a counter-offensive this week with USD/CAD trying to snap a two-week rally. A reversal off technical resistance is now approaching initial support and the first test for the US Dollar bulls.
Initial weekly support rests with the 61.8% retracement of the recent advance at 1.3852 and is backed by key support at 1.3729/94- a region defined by the 38.2% retracement of the 2021 advance and the 61.8% retracement of the late-2023 advance. Look for a larger reaction there IF reached with a break / weekly close below needed to invalidate the 2021 uptrend / suggest a larger reversal is underway. Subsequent support objectives seen at 1.618% extension of the February decline / 78.6% retracement near 1.3504/23.
Weekly resistance stands at 1.3965/97- a region defined by the 52-week moving average, the 2022 swing high, and the 23.6% retracement of the yearly range. A break above this key pivot zone exposes confluent resistance at the 38.2% retracement / February lows at 1.4149/51- note that basic channel resistance converges on this zone over the next few days and a topside breach / close above would be needed to suggest a more significant low is in place / a larger recovery is underway. Subsequent resistance objectives eyed at the high-week reversal close at 1.4292 and the 2025 yearly open at 1.4383.
Bottom line : The USD/CAD recovery has responded to initial resistance around the yearly moving average. The immediate focus is on this pullback with initial support now in view. From at trading standpoint, losses would need to be limited to the 2022 trendline (red) IF price is heading higher on this stretch with a close above 1.3997 needed to fuel the next leg of the advance. Watch the weekly closes for guidance here.
-MB
PRL LONG TRADEPRL spent around six months in accumulation, leading to a breakout in December 2024 that pushed the stock to an all-time high (ATH) of PKR 45.86. Post-breakout, the stock entered a corrective descending channel, reflecting profit booking and temporary weakness.
Recently, PRL formed a spring (false breakdown below support), followed by a Bullish Hinge pattern, characterized by tightening price action and reduced volatility. These are strong signs of demand absorption and an imminent breakout, potentially marking the beginning of a trend reversal to the upside.
📌 Key Technical Highlights:
ATH: PKR 45.86 (Dec 2024)
Structure: Descending corrective channel
Spring Formation: Bullish deviation below support
Bullish Hinge: Volatility contraction before breakout
Breakout Signal: High-volume move above channel resistance
🚨 TECHNICAL BUY CALL – PRL 🚨
🎯 BUY ZONE: PKR 32 – 34
📈 TP1: PKR 38.50
📈 TP2: PKR 44.80
🛑 STOP LOSS: Below PKR 28.75 (Daily Close)
📊 RISK–REWARD: 1 : 3.3 | High Conviction
⚠️ Note: Book partial profits at TP1 and trail the rest to lock in gains as the move progresses.
NRL LONG/INVESTMENT TRADENRL was in Wyckoff accumulation. After making Automatic Rally,I t made a spring from the channel bottom. Additionally, it is narrowing at the apex of its triangle. Its reversal is confirmed as it:
1. Crossed above 1D 20 EMA
2. Posted a Higher Low
3. Made a 1H Bullish FVG
4. Much Heavier Volumes on Up leg so far
🚨 TECHNICAL BUY CALL – NRL🚨
🎯 BUY ZONE: Rs. 220-240 (BUY AFTER PULLBACK)
📈 TP1 : Rs. 302
📈 TP2 : Rs. 383
🛑 STOP LOSS: BELOW Rs. 182 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:10
Caution: Please close at least 50% position size at TP1 and then follow strict trailing SL to avoid losing incurred profits in case of unforeseen market conditions
PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL.
GBPUSD My Opinion! SELL!
My dear followers,
I analysed this chart on GBPUSD and concluded the following:
The market is trading on 1.3427 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.3356
Safe Stop Loss - 1.3467
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
Riding the Industrial RallySilver is making another attempt to break through the local high at 33.25.
If it breaks out, I’ll be adding to my long position.
For those not yet in the trade, this breakout could present a good opportunity to enter a long with limited risk. In that case, it's best to place a stop just below today’s low.