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XRP - Choppy Market, Will We See $1.5 Again?After finishing the 5-wave structure in early 2025, XRP had a rough patch, trading between $3 and $2 and offering some pretty neat swing trade opportunities. Now, two months later, the big question is: will this range continue, or is a breakout on the horizon? Let’s break down the key levels and high-probability setups. Short Trade Setup Resistance Zone: The weekly level and the 0.618 Fibonacci retracement are both around $2.5763 to $2.5792, aligning nicely with each other. The anchored VWAP from the all-time high at $3.4 adds extra resistance at about $2.63. Setup Details: A low-risk short trade can be considered at the weekly level, with a stop-loss set above both the anchored VWAP and the swing high. Target: The monthly open, aiming for an R:R of about 4:1. Support Backup: Additional support in this range comes from the 0.618 Fibonacci retracement (from a low at $1.9 to a high at $2.59), the weekly 21 SMA at $2.28, and a weekly level at $2.0942 just below the monthly open. This support between the weekly level at $2.0942 and the monthly open is crucial for maintaining bullish momentum. If it holds, the bearish short setup stands; if it breaks, things could get tricky. Long Trade Setup When to Consider a Long: If the support zone mentioned above fails, look for a long trade opportunity at the swing low around $1.77. Support Confluence: Primary Support: The swing low at $1.77, with lots of liquidity around that area. Additional Layers: The monthly level at $1.5988. The weekly level at $1.5605 sits just below the monthly. The 0.618 Fibonacci retracement from the 5-wave structure at $1.5351. Anchored VWAP from the low at $0.3823, aligning with the weekly level. And don’t forget the psychological level at $1.5. Setup Details: This long trade setup would offer an attractive R:R of roughly 6:1, targeting back to the monthly open for an approximate 33% gain, with a stop-loss placed below the $1.5 mark. XRP's current trading range has provided some good short and long trade setups, a long opportunity at the swing low ($1.77-$1.5) could be the next big play. Whether you lean towards short or long, finding these confluence zones helps in making more informed, high-probability trade decisions. If you found it helpful, please leave a like and a comment. Happy trading!
Long
by SiDec
2
TIA: 40% Crash in Sight – What's Next?TIA recently lost its strong $4 support, and that level is now acting as resistance. For the past two months, the price hasn’t been able to climb back above $4, leaving us with one burning question: Is more blood on the table? Broken Support: TIA has given up its $4 support, which now serves as resistance. Looking at November 2024: The low from November 2024 was around $1.9. Revisiting that level could provide us with a high-probability long trade. Trade Setup Opportunity Entry Point: Set an alarm for the $1.9 low. A successful bounce here would signal a potential long trade opportunity. Target & Reward: With the goal of targeting the $3 level, this trade could offer a risk-to-reward ratio of at least 5:1. Implication: If the $1.9 level is revisited and holds, we could be looking at a scenario with roughly 40% more downside in the current trend—but also a setup for a low-risk long if the bounce holds.
Short
by SiDec
2
SUI Swing: The Art of Patience in TradingSUI has been playing nice with the technicals lately, giving us some really neat swing trade opportunities. Remember that short trade we talked about—from $3 down to around $2? Well, here's why that setup was a winner. After that initial short trade, SUI bounced off $2 and then traded in a tight range between $2.5 and $2.2 for about two weeks. Then it broke higher to test the monthly open at $2.83—and it hit that level right on the dot. That’s where all the magic happens. Why This Short Trade Worked Fibonacci Confluence: When you draw a Fibonacci from the high at $3 to the low at $1.9626, the 0.786 level comes in at about $2.778. This is right near the monthly open, and we know that price tends to reverse between the 0.618 and 0.786 zones. Trading Range POC: The $2.8 area was our previous point of control, so it adds extra weight as a resistance level. Anchored VWAP: The VWAP from the high at $3.8999 sits just above the monthly open at around $2.855, giving us another nod that this level is important. Fib Speed Resistance Fan: Even the speed resistance fan at the 0.618 level lines up with the $2.8 zone. All these factors lined up to form a solid resistance area. That’s why short entries between $2.778 and $2.855 made sense. Trade Setup Recap Short Trade: Entry Zone: $2.778 to $2.855 Target: The bullish order block at about $2.4745, which also lines up with the 0.618 fib retracement from the low at $2.2358 and the high at $2.8309 Risk-to-Reward: This setup gave us a risk-to-reward of 4:1 or even better, depending on where you set your stop-loss. There’s also a possible long trade at the bullish order block, but that one’s only for when you see the confirmation. Wrapping It Up The takeaway? Confluence is your best friend. Waiting for that high-probability setup can really pay off. Let the trade come to you, don’t force it, and stay calm and focused. Thanks for reading this SUI analysis. If you liked it, please leave a like and drop a comment. Happy trading!
Short
by SiDec
5
#GPSUSDT is forming a bearish structure📉 Short BYBIT:GPSUSDT.P from $0.02888 🛡 Stop loss $0.02952 🕒 1H Timeframe ⚡️ Overview: ➡️ The main POC (Point of Control) is at 0.03326, marking the highest volume zone and a major resistance above the current price. ➡️ The 0.02952 level acts as local resistance and an ideal stop placement. ➡️ Price BYBIT:GPSUSDT.P has already tested the $0.02888 support — a confirmed breakdown could trigger stronger downward momentum. ➡️ Volume is increasing on the decline, supporting the sellers' pressure. 🎯 TP Targets: 💎 TP 1: $0.02850 💎 TP 2: $0.02810 💎 TP 3: $0.02787 📢 Watch for a clean break of the $0.02888 level — it could be the entry trigger for this short setup. 📢 If price pulls back above $0.02952, the short scenario becomes invalid. BYBIT:GPSUSDT.P is forming a bearish structure — continuation to the downside is expected if support fails.
Short
by MoriartyTrading
GBP/USD Trend Today - Bearish?🔔🔔 GBP/USd news: 👉Weaker-than-expected inflation data pressured the British Pound in early European trading on Wednesday. Later in the day, the UK's Office for Budget Responsibility announced a downward revision of its 2025 GDP growth forecast to 1%, leading to a decline in GBP/USD. While presenting the Spring Budget, UK Chancellor Rachel Reeves highlighted the increasing instability of the global economy and announced cuts to planned government spending. 👉 On Thursday, the U.S. Department of Labor will release the weekly Initial Jobless Claims data, with markets expecting a rise to 225,000 from the previous 223,000. A significant drop in this figure could strengthen the U.S. dollar and push GBP/USD lower. 👉Meanwhile, market sentiment remains cautious early Thursday following the latest remarks from U.S. President Donald Trump regarding tariffs. 👉 If safe-haven flows dominate financial markets later in the day, GBP/USD may struggle to maintain its position. Personal opinion: 👉GBP/USD will continue to decline as this pair is vulnerable to potential risks from the trade war. 👉Moreover, a part of investors will turn to safe havens such as gold to keep their assets. So this pair will still be limited in the near future Plan: 🔆 Price Zone Setup: 👉Sell GGBP/USD 1.2970 – 1.2980 ❌SL: 1.3010 | ✅TP: 1.2920 – 1.2870 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
A Gold'en Newtonian Sell-Off Porjected By MedianlinesSir Isaac Newton stated the Third Law of Motion in his landmark work, Philosophiæ Naturalis Principia Mathematica (commonly called the Principia), which was first published in 1687. This law appears in Book I, in the section titled Axioms, or Laws of Motion. (Axiom: A self-evident truth) Newton did explicitly present it as an axiom. In fact, it's Axiom III (or Law III) of his three fundamental laws of motion. Here's how he phrased it in the original Latin and in his own English translation: "To every action there is always opposed an equal reaction: or the mutual actions of two bodies upon each other are always equal, and directed to contrary parts." And what does this have to do with Medianlines / pitchforks? This tool measures exactly that: the action — and the potential reaction! Medianline traders know that pitchforks project the most probable direction that a market will follow. And that direction is based on the previous action, which triggered a reaction and thus initiated the path the market has taken so far. …a little reciprocal, isn’t it? ;-) So how does this fit into the chart? The white pitchfork shows the most probable direction. It also outlines the extreme zones — the upper and lower median lines — and in the middle, the centerline, the equilibrium. We see an “undershoot,” meaning a slightly exaggerated sell-off in relation to the lower extreme (the lower median line). And now, as of today, we’re seeing this overreaction mirrored exactly at the upper median line! Question: What happened after the lower “overshoot”? New Question: What do you think will happen now, after the market has overshot the upper median line? 100% guaranteed? Nope! But the probability is extremely high! And that’s all we have when it comes to “predicting” in trading — probabilities. Why? Because we can’t see the future, can we? Gold? Short! Looking forward to constructive comments and input from you all
COMEX:GC1!Short
by Tr8dingN3rd
2
EUR/USD Today - Maintain Downtrend🔔🔔🔔 EUR/USD News: 👉 The US dollar paused its rally on Thursday, with the US Dollar Index (DXY) falling just above the key 104.00 level as investors remained cautious about the possibility of a US recession, especially after former President Trump announced a new 25% tariff on imported cars. 👉 The main driver of the dollar’s ​​recent gains has been Trump’s tariff threats, as he hinted at an additional 20% duty on imports from the European Union that could come into effect as early as next week. 👉 Trump’s tough stance on trade – this time targeting cars, aluminium and pharmaceuticals – has raised fears of a full-blown transatlantic trade war. 👉 On the one hand, such tariffs could force the Federal Reserve to maintain a hawkish stance to keep inflation in check. On the other hand, they risk slowing global growth, especially if the EU retaliates. This double blow has added volatility to the forex market, with the euro becoming the main focus. Personal opinion 👉 Today's PCE news will be a high-stakes test for EUR/USD. Overall, the current trend of this currency pair is still down and remains within the downtrend line. Therefore, the rise will be an opportunity to Sell orders at a good price 👉 Analysis based on important resistance - support levels and Pivot Points combined with trend lines and EMAs to come up with a suitable strategy Plan: 🔆 Setting the price zone: 👉Sell EUR/USD 1.0800– 1.0810 ❌SL: 1.0840 | ✅TP: 1.0760 – 1.0710 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
EUR/USD Trend After Trump Tariff News🔔🔔🔔 EUR/USD news: 👉The EUR/USD pair climbed toward 1.0800 during North American trading hours on Thursday, rebounding after six consecutive days of losses despite growing concerns over a potential trade war between the United States and the Eurozone. Trade war afraid intensified as the EU prepares to impose retaliatory tariffs on the U.S. in response to the 25% auto tariffs implemented by President Donald Trump on Wednesday, set to take effect on April 2. 👉 Germany’s economy is expected to be among the hardest hit by Trump’s auto tariffs, as the country exports 13% of its total automobile production to the U.S. Such a scenario could weaken the outlook for the Euro (EUR). 👉 Earlier in the day, President Trump also threatened to introduce large-scale tariffs on Canada and the Eurozone, accusing them of attempting to harm the U.S. economy. economy. Following these broad tariff threats, ECB policymaker and Belgian Central Bank Governor Pierre Wunsch stated in an interview with CNBC that tariffs would negatively impact economic growth and increase inflationary pressures. Personal opinion: 👉 The recovery in the EUR/USD pair is also driven by a significant correction in the US Dollar. But this is only in the short term, the main trend is still more unfavorable for the EUR. 👉 Analysis based on important resistance - support and Fibonacci levels combined with trend lines and EMA Plan: 🔆 Price Zone Setup: 👉Sell EUR/USD 1.0810- 1.0820 ❌SL: 1.0855 | ✅TP: 1.0770 – 1.0740 – 1.0700 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
$ZRO @LayerZero_Core Long & Short TradesCSE:ZRO @LayerZero_Core Long & Short Trades #1 Long from TRP Blue Zone frontrun ☹️ #2 Long from Twin OB retest TP2 Hit ✅ #3 Short entry only if VAL is lost ⌛️ SHORT ENTRY = only if VAL is lost SL = above old POC & Daily Open ------------ ------------ As always, my play is: ✅ 50% out at TP1 ✅ Move SL to entry ✅ Pre-set the rest of the position across remaining TPs It's important to take profits along the way and not turn a winning trade into a losing trade.
Short
by Bulltro
continue downtrend , GOLD⭐️GOLDEN INFORMATION: Gold price (XAU/USD) holds steady above the key $3,000 level for the second consecutive day on Wednesday, though it struggles to reclaim the previous session’s peak. Ongoing uncertainty surrounding US President Donald Trump’s proposed reciprocal tariffs set for next week continues to bolster demand for the safe-haven metal. At the same time, the US Dollar (USD) remains under pressure following Tuesday’s weaker-than-expected macroeconomic data, providing additional support for gold’s upward momentum. ⭐️Personal comments NOVA: Gold price continues to decrease, around 2990 - 3000 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $3039 - $3041 SL $3046 TP1: $3030 TP2: $3020 TP3: $3010 🔥BUY GOLD zone: $2992 - $2990 SL $2985 TP1: $3000 TP2: $3008 TP3: $3018 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
2
USD/JPY Trend Today - Unfavorable for JPY🔔🔔🔔 USD/JPY news: 👉Private sector activity in Japan deteriorated in March, as the composite PMI dropped from a six-month high of 52.0 in February to 48.5, signaling a renewed decline in business activity. The services PMI fell to a three-year low of 49.5 from 53.7 in February, while the manufacturing PMI declined to a multi-year low of 48.5 from 52.0 in the previous month. 👉Meanwhile, Japan’s Finance Minister, Katsunobu Kato, warned that "Japan has not yet overcome deflation." He noted that rising prices were primarily driven by a weak yen and high commodity costs rather than a cycle of wage growth and consumer demand. 👉The Bank of Japan (BoJ) is unlikely to tighten its policy significantly beyond current levels, which poses a downside risk for the JPY. Swap markets continue to indicate a rate hike of less than 50 basis points over the next twelve months. Personal analysis: 👉JPY is underperforming most major currencies, JPY is unlikely to gain traction over USD due to the impact of fundamental information. Therefore, in the short term, this pair will maintain its upward momentum 👉However, USD/JPY is approaching the strong resistance level of 151.00. Besides, RSI (1H) is entering the overbought zone, so there will be a technical pullback to create momentum for the main uptrend. 👉Analysis based on important resistance - support and Fibonacci levels combined with Pivot points and RSI to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell USD/JPY news: 151.00 - 151.10 ❌SL: 151.45 | ✅TP: 150.60 – 150.20 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
#ARCUSDT is showing signs of reversal📉 Short BYBIT:ARCUSDT.P from $0.06780 🛡 Stop loss $0.07117 🕒 1H Timeframe ⚡️ Overview: ➡️ The main POC (Point of Control) is at 0.05873, indicating the area with the highest trading volume. ➡️ The 0.07117 level acts as strong resistance where the price previously reversed. ➡️ The chart shows a potential topping structure followed by a decline. ➡️ Volume concentration between $0.065 and $0.06210 suggests key zones for potential profit-taking. 🎯 TP Targets: 💎 TP 1: $0.06510 💎 TP 2: $0.06210 💎 TP 3: $0.06050 📢 Watch the key levels and enter after confirmation! 📢 The price has already started to move down — downside momentum remains strong. 📢 The TP levels are near a previous consolidation zone, allowing quick target execution. BYBIT:ARCUSDT.P is showing signs of reversal — considering shorts with clear downside targets!
Short
by MoriartyTrading
EUR/USD Trend in US Session Today - Maintain Downtrend🔔🔔🔔 EUR/USD news: 👉The EUR/USD exchange rate has fallen sharply as the euro came under pressure after ECB President Christine Lagarde's warning of economic risks to the eurozone from potential US tariffs. 👉Lagarde completed before the European Parliament's Economic and Monetary Affairs Committee during European trading hours on Thursday. She said that the 25% tariffs imposed by the United States on European imports, as threatened by US President Donald Trump, could reduce eurozone growth by around 0.3% in the first year, according to ECB analysis. The study also found that retaliatory tariffs from Europe could push that down to around 0.5%. 👉Concerns about weak economic growth in the eurozone are dampening the appeal of the euro, as they could force the ECB to make further rate cuts. 👉Meanwhile, the US Dollar Index (DXY) rose as the Federal Reserve showed no urgency in adjusting its monetary policy. The central bank keeps its benchmark interest rate in a range of 4.25% - 4.50%, despite uncertainty surrounding President Trump's policies. Personal analysis: 👉EUR/USD will continue to sell after these statements. Buying is risky at this time 👉DXY has increased for the third consecutive day and shows no signs of stopping, after the daily RSI entered the overbought zone and showed signs of increasing convergence, making EUR/USD more likely to fall. Plan: 🔆 Price Zone Setup: 👉Sell EUR/USD 1.0860 – 1.0870 ❌SL: 1.0905 | ✅TP: 1.0810 – 1.0760– 1.0710 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
2
XAU/USD (Gold) Trade Setup – Descending Channel Strategy📉 XAU/USD (Gold) Trade Setup – Descending Channel Strategy #### **🔹 Summary:** Gold is trading within a **descending channel**, indicating a bearish trend. The strategy is to **sell near resistance** and **target support levels** unless a breakout occurs. --- ### **📌 Bearish Trade Setup (Sell Strategy)** **🔻 Sell Entries:** 1️⃣ **3,020 - 3,030** (Upper boundary of the channel) 2️⃣ **3,015 - 3,018** (Rejection from the 21 EMA) **🎯 Take Profit (TP) Targets:** ✅ **TP1:** 3,000 (Key support level) ✅ **TP2:** 2,980 (Next major support) ✅ **TP3:** 2,960 (Extended target if momentum continues) **🚨 Stop Loss (SL):** **Above 3,035-3,040** (Breakout invalidates the setup) **📊 Confirmation Signals:** ✔ EMA rejection (21 EMA acting as resistance) ✔ Volume increase near resistance ✔ Bearish candlestick patterns (Engulfing, Shooting Star) --- ### **📈 Alternative Bullish Setup (If Breakout Occurs)** If price **breaks above 3,040**, it may signal a reversal. **🔹 Buy Entry:** **Above 3,040 (Confirmed breakout & retest)** 🎯 **Targets:** 3,095 , 3080 🚨 **SL:** Below 3,030 --- ### **✅ Conclusion:** 🔻 **Primary Plan:** Sell on rallies within the channel. 🔺 **Alternative Plan:** Buy only if price breaks 3,040 with strong volume. 📉 **Stick to risk management & confirmations!**
OANDA:XAUUSDShort
by TradingStar090
AUD/USD Trend Today - Bearish?🔔🔔🔔 AUD/USD news: 👉The AUD/USD pair is under significant selling pressure as weak Australian employment data fuels expectations of a dovish stance from the Reserve Bank of Australia (RBA). 👉Australia’s labor force contracts in February, while the unemployment rate remains steady at 4.1%. Meanwhile, both the Federal Reserve and the People's Bank of China (PBoC) kept interest rates unchanged on Wednesday and Thursday. The PBoC maintains its accommodative stance as Beijing aims to boost domestic consumption and revive the property sector. The Australian dollar has benefited from China's fiscal stimulus efforts, given Australia's heavy reliance on exports to China. 👉The US Dollar Index (DXY) edged higher above 104.00 as market volatility eased following the Federal Reserve’s monetary policy meeting on Wednesday. The Fed kept interest rates unchanged in the 4.25%-4.50% range for the second straight time, as expected, and reaffirmed its forecast for two rate cuts this year. 👉Additionally, initial jobless claims for the week ending March 14 came in at 223,000, roughly in line with estimates and previous reports. Personal analysis: 👉AUD/USD will maintain its downtrend in the coming time due to weak AUD data, consider technical zones for good profits 👉Technically, RSI (1H) is having a recovery phase after entering the oversold zone, watch for strong resistance zones to Sell. 👉Analysis based on important resistance - support and Fibonacci levels combined with SMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell AUD/USD 0.6320- 0.6330 ❌SL: 0.6355 | ✅TP: 0.6280 – 0.6250 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
EUR/USD Trend Today - Waiting for EUR and US PMIs🔔🔔🔔 EUR/USD news: 👉EUR/USD remains in positive territory near 1.0850 during the European session on Monday, rebounding from a three-day losing streak. Improving risk sentiment, driven by easing concerns over US reciprocal tariffs, has put pressure on the US Dollar and helped the pair stay firm despite mixed German PMI data. 👉The shift toward risk appetite has made it difficult for the US Dollar (USD) to extend last week’s gains, providing support for EUR/USD at the start of the week. 👉According to the Wall Street Journal, the White House is revising its tariff strategy set to take effect on April 2, potentially skipping industry-specific duties while imposing reciprocal tariffs on key US trading partners. Likewise, Bloomberg reports that President Donald Trump’s tariff measures are expected to be more precisely targeted than initially anticipated. Following these headlines, US stock futures rose between 0.8% and 1.0% during the European morning session. Personal analysis: 👉 The market’s reaction to the PMI data is likely to be brief and straightforward. Positive releases from Germany and/or the Eurozone could provide immediate support for the Euro. Conversely, if any of the key US PMI indices fall below 50, it could further weigh on the US Dollar. 👉Therefore, investors should keep an eye on the Economic Calendar, which will release the US PMI data on Monday afternoon. Plan: 🔆Price Zone Setup: 👉Sell EUR/USD news: 1.0900 – 1.0910 ❌SL: 1.0950| ✅TP: 1.0850 – 1.0805 1.0755 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
Gold declines, accumulate and wait for April news⭐️GOLDEN INFORMATION: Gold price (XAU/USD) continues its pullback, slipping toward $3,025 in early Asian trading on Monday. The metal retreats from Thursday’s record high, driven by renewed optimism over a potential Ukraine peace deal. However, expectations of Federal Reserve (Fed) rate cuts and lingering economic uncertainties could provide support, limiting further downside for the yellow metal. ⭐️Personal comments NOVA: Gold is under pressure to sell and take profits in the short term. There is still a lot of liquidity in the 3000 price zone. The price will continue to accumulate around $3000. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $3031 - $3033 SL $3038 TP1: $3020 TP2: $3010 TP3: $3000 🔥BUY GOLD zone: $2991 - $2993 SL $2986 TP1: $3000 TP2: $3008 TP3: $3017 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
2
Silver (XAG/USD) – Rising Wedge Breakdown & Bearish Setup📊 Overview of the Chart This 4-hour chart of Silver (XAG/USD) provides a classic example of a Rising Wedge Breakdown, a bearish reversal pattern. The price initially followed a strong uptrend, forming a series of higher highs and higher lows, but failed to sustain momentum at the key resistance zone (~$34.00 - $34.50). This led to a breakout to the downside, which has now confirmed a shift in market sentiment from bullish to bearish. This analysis will break down each key level, the technical indicators supporting this trade setup, and how traders can approach it effectively. 🛠️ Breakdown of the Chart Components 1️⃣ Rising Wedge Formation (Bearish Pattern Identified) The price action created a Rising Wedge, which is a bearish pattern characterized by an uptrend where the higher highs and higher lows start converging into a narrowing range. This shows that while buyers were pushing prices higher, their strength was gradually fading. The breakdown of this structure signaled a loss of bullish momentum, leading to a shift in trend. 2️⃣ Resistance Level & Sell Zone Identified The resistance level at $34.00 - $34.50 has acted as a supply zone where sellers stepped in, preventing further upside. A bearish rejection at this zone confirms that sellers are still dominant. 3️⃣ Retest of the Broken Support (Key Confirmation) After the breakout from the wedge, the price made a retest of the broken trendline, a classic move before further downside. Retesting this area confirms that it is now acting as resistance rather than support, further strengthening the bearish case. 4️⃣ Trendline Breakout – Shift in Market Structure The dashed trendline was previously supportive, but now that the price has broken below it, it has turned into a resistance level. This shift in market structure is a strong bearish signal. 5️⃣ Key Support Levels & Target Projection The next major support level is at $32.00, a level where price previously found demand. The ultimate target price is around $31.18, which aligns with historical support and Fibonacci retracement levels. 📉 Trading Strategy – How to Trade This Setup? ✅ Entry Point (Short/Sell Setup) A good shorting opportunity arises if the price retests the resistance at $33.50 - $34.00 and shows bearish confirmation (like a rejection candlestick or a bearish engulfing pattern). 📍 Stop Loss (SL) Placement SL should be above $34.20 to avoid getting stopped out by potential fakeouts. 🎯 Take Profit (TP) Levels TP1: $32.00 (First support level) TP2: $31.18 (Final bearish target) 📊 Risk-Reward Ratio Entry at $33.50 - $34.00 with SL at $34.20 and TP at $31.18 provides an excellent risk-to-reward ratio (~1:4). 📌 Market Sentiment & Conclusion 🔴 Bearish signals are dominant, suggesting further downside potential. 📉 A strong bearish move is expected if the price fails to reclaim $34.00. 🎯 Targeting $31.18 in the upcoming sessions. 📢 Final Advice: Traders should watch for confirmation before entering trades. A successful retest and rejection at $33.50 - $34.00 will be a high-probability short setup. 🚀 🔥 Follow price action and risk management principles for a successful trade! 🔥
OANDA:XAGUSDShort
by GoldMasterTrades
NZD/USD Trend Today - Bearish?🔔🔔🔔 NZD/USD news: 👉New Zealand’s economy rebounded more strongly than expected. Real GDP grew by 0.7% quarter-over-quarter in Q4 (consensus: 0.4%, RBNZ forecast: 0.3%) following a -1.1% decline over the previous two quarters. Increased spending by international visitors boosted growth in tourism-related sectors such as rental, hiring, and real estate services, as well as retail and accommodation. 👉However, the Reserve Bank of New Zealand (RBNZ) has signaled an additional 75 basis points of easing over the next 12 months, which will bring the policy rate down to a low of 3.00%. This news has weighed on the NZD/USD pair, leading to underperformance amid risk-averse sentiment in the foreign exchange market. Personal analysis: 👉NZD/USD will continue to decline due to previous news, consider technical zones for good profit 👉Technically, RSI(1H) is entering the overbought zone and has a technical recovery phase to prepare for the next decline, watch for strong resistance zones to Sell. 👉Analysis based on resistance - support levels and pivot points combined with EMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell NZD/USD 0.5775- 0.5780 ❌SL: 0.5810 | ✅TP: 0.5735 – 0.5690 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1