Lingrid | CHFJPY short from RESISTANCE zoneThe price perfectly fulfilled my previous idea. It reached the target. The price pulled back to the resistance level after a bearish move, but failed to break above the 172.000 level, forming a false breakout. I think that if the price falls below the trendline, it may retest the recent lower low level. Looking at the daily timeframe, we can see that the price action is forming a large triangle pattern, and it appears to be poised for a downward move. In addition, the price squeeze is likely to lead to a breakout, so I expect the market to move lower. My goal is support zone around 170.000
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Signals
WIFUSD targeting $3.00 on this Channel Down bottom signal.Dogwifhat (WIFUSD) has been trading within a Channel Down pattern on the 1W time-frame, which on the greater scale looks like a giant Bull Flag. Regardless of that, the price almost hit the pattern's bottom (Lower Low trend-line) and with the 1W RSI stabilizing like on the August 05 2024 Low, we should now see that start of its technical Bullish Leg.
The previous Bullish Leg reached marginally above the 0.786 Fibonacci retracement level, so our current Target is $3.000.
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Silver- Bulls need 30.50 breakAs I mentioned in my previous posts, I’m bullish on OANDA:XAGUSD and expect a rise to $32.
However, the price action lately has been choppy and constrained in a range between $31 and around $30.
The good thing is that bulls have defended the $30 zone well so far. At the time of writing, silver is trading just under the $30.50 median of the range. A break above this level should help clarify things and open the door to $31, with potential acceleration toward my $32 target.
I’ll remain bullish as long as the price stays above $30 on a daily close basis.
Lingrid | ETHUSDT consolidation Before EXPANSIONBINANCE:ETHUSDT continues to consolidate above the 3000 level. On the daily timeframe, the price has formed a descending triangle pattern the indicates potential breakout. On the weekly timeframe, the last weekly candle is a long-tailed bar, which indicates that the price may potentially may move below this psychological level. Zooming out, we can see that the price has bounced off the support zone between 2800 and 2900 multiple times. I expect the market to push lower towards the support zone before rebounding, potentially followed by bullish momentum. My goal is ressiatance zone around 3525
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XAUUSD - signalAs it was highly requested we are publishing a signal for XAUUSD. We took adaptive buys due to negative CB Consumer Confidence data was lower than forecast and lower than previous, and due to it’s negative affect on TVC:DXY we are in buys.
PARAMETERS
- Entry: 2755
- SL: 2746.531
- TP: 2772.300
KEY NOTES
- XAUUSD should see more upside due to negative news for the US dollar.
- XAUUSD is still overall bullish
Happy trading!
FxPocket
Gold Price Analysis: Bulls Regain Control After CorrectionGold started the week with a correction, dropping to a low of 2730 on Monday.
Following this pullback, bulls regained control, pushing the price back above the key 2760 resistance level yesterday.
At the time of writing, the price is hovering around this level.
Even if there is a dip below 2760, the overall trend remains bullish as long as the 2745-2750 support zone holds.
In conclusion, I remain bullish as long as support holds and will look to buy on dips. Bulls could aim for a new all-time high as their target, while a daily close below 2745 would shift the outlook to bearish.
EUR_GBP BULLISH CORRECTION AHEAD|LONG|
✅EUR_GBP is set to retest a
Strong support level below at 0.837
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 0.8391
LONG🚀
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USD/JPY: Will the Fed or BoJ Dominate the Tug of War?The USD/JPY exchange rate has shown both resilience and vulnerability in recent trading sessions, shaped by competing factors from monetary policy shifts to global economic developments. On the positive side, the U.S. dollar remains underpinned by Federal Reserve rate decisions, with market expectations of steady rates in the near term supporting its strength. Tariff threats from the U.S. administration further bolster the dollar’s safe-haven appeal, particularly as external economic pressures persist. Additionally, the pair has demonstrated an ability to recover from lower levels, such as rebounding to 155.50 during Tuesday's Asian trading, aided by softer Japanese service-sector inflation data. However, the Japanese yen has also gained momentum due to the Bank of Japan’s recent 25 basis point rate hike, which reflects a confident stance on inflation and wage growth trends. This decision has increased the yen’s attractiveness as a safe-haven asset, exacerbating pressure on the USD/JPY pair, particularly as global uncertainties and shifts in risk sentiment encourage investors to diversify into safe havens like the yen and the Swiss franc. Market sentiment surrounding U.S. economic vulnerabilities, including concerns over tariffs and a potential dovish shift by the Federal Reserve, has further weighed on the dollar. Traders are now pricing in a 50 basis point rate cut by the Fed later this year, a factor that could erode the dollar’s appeal if realized. Overall, while USD/JPY has displayed moments of strength, the competing influences of U.S. dollar dynamics, Japanese yen strength, and global market sentiment create a volatile environment where traders must remain vigilant of economic data and central bank decisions.
JNJ – Potential Buy Opportunity at Support LevelThe JNJ stock price is currently approaching a key demand zone. If the price finds support and bullish confirmation signals appear, such as bullish candlestick patterns or long lower wicks, we could see a potential rebound. The first target for this move would be around the $153.03 level.
This setup offers an opportunity for a long position if the demand zone holds. Traders should monitor for additional confirmation before entering.
Do you agree with this analysis, or do you have alternative views on this setup? Share your thoughts in the comments!
EURGBP Testing Resistance – Pullback Toward 0.8407 ExpectedThe EURGBP pair is approaching a key resistance zone, where sellers are likely to step in. The current structure suggests a potential rejection at this level, with the price expected to pull back toward the 0.8407 level, which represents a logical target for this setup.
This setup aligns with the idea of a short-term correction from resistance, offering a potential short opportunity if rejection is confirmed.
EURCAD: Sell Setup After Impulsive Move to ResistanceFOREXCOM:EURCAD is approaching a significant resistance zone, marked by historical price rejections. This level aligns with a key area of interest where sellers have previously regained control, causing substantial bearish moves.
The current market structure suggests that a potential rejection could occur if price action confirms it. If we observe bearish signals, such as a bearish engulfing candle or clear wicks rejecting the zone, the market may reverse and head lower.
I anticipate that if sellers take control, the price could move downward toward the 1.50000 level, which represents a logical target within the current market structure. This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure.
USDINR Best sell signal you can find.The USDINR pair has been rising parabolically since the late September 2024 bottom. This rise has however most likely come to an end as the 1W RSI hit the top of its 16-year Resistance Zone.
This Zone has been holding since the October 2008 High and as you can see, it has offered 7 excellent sell signals. Most of those times, the rejection hit at least the 1W MA50 (blue trend-line), so if you are looking for a long-term short trade, you can consider this.
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DXY rebounding on the 1D MA50 and bottom of Channel Up.The U.S. Dollar Index (DXY) has been trading within a Channel Up since the November 05 2024 Low and the break-out above the 1D MA200 (orange trend-line). Yesterday it made a new Higher Low exactly at the bottom of the Channel and shortly after breaching the 1D MA50 (blue trend-line).
This MA recovery confirms the start of the pattern's new Bullish Leg. The previous two delivered a rise of exactly +4.50%, and as such we will be looking for a similar Target at 111.650.
Note that, even though the 1D RSI resembles the May 15 2024 Low, which despite an initial rebound, it was rejected on the Lower Highs trend-line at the time, now the long-term trend has shifted to bullish as that Lower Highs trend-line turned into Support on the December 06 2024 contact.
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Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
ABBV AbbVie Options Ahead of EarningsIf you haven`t bought ABBV before the previous earnings:
Now analyzing the options chain and the chart patterns of ABBV AbbVie prior to the earnings report this week,
I would consider purchasing the 175usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $6.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ASML Holding Options Ahead of EarningsIf you haven`t bought ASML before the previous rally:
Now analyzing the options chain and the chart patterns of ASML Holding prior to the earnings report this week,
I would consider purchasing the 655usd strike price Puts with
an expiration date of 2025-2-14,
for a premium of approximately $18.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CMCSA Comcast Corporation Options Ahead of EarningsAfter CMCSA reached the previous price target:
Now analyzing the options chain and the chart patterns of CMCSA Comcast Corporation prior to the earnings report this week,
I would consider purchasing the 40usd strike price Calls with
an expiration date of 2025-6-20,
for a premium of approximately $1.86.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DXY Will Go Down! Short!
Take a look at our analysis for DXY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 107.947.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 106.747 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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