USDCAD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
1.39318 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 1.34185 on 09/25/2024, so more gains to resistance(s) 1.44670, 1.46000, 1.46900 and more heights is expected.
Supports and Resistances:
1.46900
1.46000
1.38884
1.38168
1.37487
1.36876
1.36072
1.35404
1.34323
1.33664
1.31816
1.30929
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Pivot Points
Bitcoin Dominance and DXY pattern correlation!Is the bitcoin dominance correlated to the DXY?
So far... I think so. Chart pattern wise anyway.
So, according to the DXY, if the Dominance follows this pattern we should be in the biggest altseason to date. But it could be the last one for a while as there could be a 90% to 95% flush out of alts coming.
This would crush all altcoin belief and get rid of all the shit coins. Lets be honest at this point it's needed to flush out all this garbage, it's too much.
Then knew cycle would start over and follow with a massive altseason bigger than anything ever. Don't get excited just yet, it not happen until 2033 or later.
Also according to this chart, dominace can go a bit higher to 72% before it starts to fall. lets see
That's all I have here, I just wanted to put it out here. If you want more analysis on this I have put out a comprehensive video on my tictik and youtube page.
Remember, this is not financial advice.
Kind regards,
Demetrios
What do you guys think about AMD next week?NASDAQ:AMD
This poor company has been caught in a Daily downtrend for months now! Currently we are approaching some areas I believe may be key. The 125.00 round number acted as a key area of resistance on multiple occasions. Using Fibs from the most recent leg down I was able to project a 2 deviation projection from the balance point at 0.50. This balance area also acted a key area of support in the previous triple bottom. We know levels of support when broken turn to resistance. This area is indicated by the 115.00 level on the chart.
I will keep my eyes put on signs of another leg down at the 0.50 and 0.618 level for a move to test 100.00. This area should act the most critical level because AMD has shown to show this is a very key psychological price target. It will be key to watch the SOX and other Semiconductor stocks next week. What do you guys think?
NZDUSD - 5 Feb 2025 SetupNZDUSD Market structure are making a bullish breakout with strong bullish rally. Spotted demand area (Green Rectangle). its a very good demand area structure after the price creating a higher high.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Coffee Trade Team
“ XAUUSD 15M | High-Probability Short from Key Supply Zone ”🔻 XAUUSD 15M – Precision Short Setup 🔻
Spotted a high-probability short opportunity on XAUUSD using a clean market structure and supply zone analysis. After a bullish retracement, price tapped into the supply zone at 2869.88, showing signs of rejection and potential for a downward move. This aligns with the current bearish momentum on the lower timeframes.
📈 Entry: 2869.35
❌ Stop-Loss: 2873.00 (Above the supply zone to protect against false breakouts)
✅ Take-Profit: 2856.00 (Targeting recent lows for optimal risk-to-reward)
Analysis:
Price is reacting to a key supply area, indicating a possible shift in momentum. The rejection at this level suggests that liquidity above the recent highs has been grabbed, paving the way for a move lower. With a solid risk-to-reward setup, this trade targets the next significant support zone.
Risk Management:
Maintaining a disciplined stop-loss to protect capital while allowing room for price fluctuations. The trade offers a favorable R:R ratio, aligning with my trading strategy based on smart money concepts.
💬 Drop your thoughts below and let me know how you see this playing out! 👇
SOLUSD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
155.100 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
A peak is formed in daily chart at 295.850 on 01/19/2025, so more losses to support(s) 186.409, 175.250 and minimum to Major Support (155.100) is expected.
Take Profits:
218.928
243.197
264.400
294.450
350.000
__________________________________________
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SBI Downside Target for Buying is 685 -7001. **State Bank of India (SBI)** is India's largest public sector bank, headquartered in Mumbai.
2. It was established in 1955 and has a vast network of branches and ATMs across the country.
3. SBI offers a wide range of banking services, including retail, corporate, and international banking.
4. The bank plays a crucial role in India's economy, supporting financial inclusion and digital banking initiatives.
5. With a strong global presence, SBI operates in multiple countries, serving millions of customers worldwide.
XAUUSDInitiate a buy position on XAUUSD at 2867, anticipating an upward price movement. The first take profit level is set at 2870, followed by 2880, and ultimately 2890. To minimize potential losses, place a stop loss at 2858. This trade strategy aims to capitalize on bullish momentum in gold prices. If the price moves favorably, securing profits at each target level can maximize returns. However, if the market reverses and reaches 2858, the stop loss will help protect your capital. Always stay updated on market trends and economic news that may impact gold’s movement. Effective risk management is crucial to ensuring sustainable trading success. Monitor the trade closely and adjust targets if necessary to optimize profits. Maintain discipline and adhere to your trading strategy for consistent results.
XAU/USD Trade Idea: Potential Long Setup📊 Pair: XAU/USD (Gold)
💡 Trade Bias: Bullish
• Buy Entry: Around 2,816.691
• Take Profit (TP): 2,882.344
• Key Level (IDM): 2,839.487
🎯 Plan:
Waiting for price to take out the IDM level before moving into my order flow for a refined entry. Will look for a CHoCH flip on the 5M timeframe within the order block to confirm bullish intent.
🚨 Note: Price action near the IDM level and 5M confirmation will dictate the actual entry. Staying cautious until all confirmations align.
EUR/USD Trade Idea: Potential Short Setup
📊 Pair: EUR/USD
💡 Trade Bias: Bearish
• Sell Entry: Around 1.04611
• Take Profit (TP): 1.02118
• Key Level (IDM): 1.04344
🎯 Plan:
Currently, the 30M CHoCH has confirmed bearish intent. Waiting for price to mitigate the 30M order block, then dropping to the 5M timeframe for a CHoCH flip and refined entry.
• Confirmation: Liquidity sweep and strong bearish momentum on the 5M after mitigation.
🚨 Note: Patience is key. Entries are approximate and depend on mitigation and structure flip.
Bless Trading!
DXY - Looking to Big PictureWhen we look back, when Trump first came, Dxy showed a 5.5% increase, Dxy goes to 103.5. And Trump Dxy is too expensive, the dollar is too expensive, it should fall, the statements started. Then Dxy's 14% decrease went to 88.5. Now Dxy is around 102.
I bought it directly as a fractal from August 15, 2016. If Dxy comes to around 104 until the election, the rapid increase with Trump's arrival corresponds to 110s. It has been an expected area for a long time and when Trump Dxy is at 110s, similarly, if the decrease starts with him saying the dollar is too expensive, it goes to 94s, fractal.
Here, my hopes begin and I say that it is still expensive at those levels, we will go down to 86s. This means a 4-year never-ending mega bull.
I applied the same fractal to the euro, and the much-anticipated 1.02s are here again. If I can get a fund, I will look for swing shorts at 1.12s. The fractal and events looked pretty good to me. It also fit the channel nicely.
FX:EURUSD
#TradeWithMky 99.9% Risk Free Area For BUY BITCOINhello there
"The first touch of this order block is always strong – higher highs confirm its reliability. 🚀 With clear support zones below, the price might consolidate before a significant breakout. A textbook HCH pattern could pave the way to new highs. 📈 Stay focused! #Bitcoin #CryptoAnalysis #OrderBlockStrategy"
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I suggest to do your own reseasch as well
consider you are resposible for you desications
NFP Main Trend Low -90% Descending Channel 02 2025Logarithm. Time frame 3 days.
Line chart for clarity of the downward trend.
Marker, conditionally, showed the logic of price movement from key support/resistance zones — breakthrough/not breakthrough, consolidation/not consolidation. Understanding this, you should build your trading strategy.
Now is a good entry point, subject to risk management. I would advise leaving 20-30% of the money from the position in case the price falls (implementation of scenario B) to the -93-96% zone, immediately or through price growth, to the resistance of the local downward channel (which does not exist yet).
If plan A is implemented, then I would advise locally exiting part of the position at the mirror resistance zone of 0.18-0.27. There will be a reversal, and the implementation of plan B, or a cut of the zone, and then an exit.
In the long term, the “key” resistance of the pump is 0.0609, it is rational to exit there with most of the position, possibly with a protective stop, or a grid of limit orders, if there is an aggressive price movement.
Breaking the structure of the descending channel of the main trend — its reversal, which is logical. I showed it with an arrow, but it is unlikely to happen in the near future.
Locally, this is a reversal zone .