USDJPY – Break & Retest Short SetupThe USDJPY pair has recently broken below a key support level. This area could potentially act as resistance, presenting a classic break-and-retest scenario.
A bearish confirmation, such as rejection wicks, bearish engulfing candles, or strong selling pressure, would validate the potential for a short setup. If sellers step in at this level, the next downside target could be the 154.537 zone.
Traders should monitor the retest closely for clear signs of rejection before committing to short positions.
Signals
NASDAQ Triple buy signal.Nasdaq (NDX) is having a very aggressive correction early into the week, mostly due to Chinese start-up DeepSeek. Fundamentals aside, this move has taken the index back to its 1-month Support Zone, which has given an excellent buy entry 3 times already.
At the same time, it has come the closest to the Higher Lows trend-line that has been in effect since October 01 2024, while the 4H RSI entered its oversold (<30.00) Support Zone, which in the past 3 months has offered the 5 most optimal buy opportunities.
This is in our opinion a Triple Buy Signal on the short-term, which should test at least the Lower Highs trend-line at 21800, before patterns on the wider, longer term time-frames take over.
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XAUUSD Major short-term Buy Signal just flashed!Gold (XAUUSD) has been trading within a Channel Up pattern since exactly the start of the year. This structure has held clear the 1H MA200 (orange trend-line) since January 06 and the most optimal buy entry of the last 3 times has been issued on the 1H MA100 (green trend-line).
This is the level that the metal touched today and is already rebounding past the 1H MA50 (blue trend-line). Along with the 1H RSI reaching its most efficient Support level (oversold barrier of 30.00) and rebounding, this is the strongest short-term buy signal.
Each such signal reached at least the 1.618 Fibonacci extension from the previous High. As a result, our short-term Target is 2810.
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GOLD Will Go Higher From Support! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2,768.46.
Considering the today's price action, probabilities will be high to see a movement to 2,790.08.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZDUSD Will Go Up From Support! Long!
Take a look at our analysis for NZDUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.569.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.574 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPNZD Will Go Lower! Sell!
Please, check our technical outlook for GBPNZD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2.192.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2.165 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURUSD 1D MA50 break-out after 4 months. Major bullish signal.The EURUSD pair broke above its 1D MA50 (blue trend-line) for the first time in almost 4 months (since October 03 2024). This is a major bullish signal as not only does it stop the downtrend that started on the September 25 2024 High but it resembles the post bottom rally of the November 02 2023 and March 21 2023 1D MA50 break-outs.
The 1D RSI sequences between those fractals are identical and both previous bullish break-outs hit at least their 0.681 Fibonacci retracement levels. That is currently where the 1W MA200 (red trend-line) is trending towards, which is the major multi-year Resistance and a valid target and sell entry for swing traders.
The current rebound however faces for the first time in years a bearish trending 1D MA200 (orange trend-line), so our Target has to be on it and not exceed it. We are aiming for 1.07500.
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GOLD Is Bearish! Short!
Please, check our technical outlook for GOLD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 2,770.874.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,759.181 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NO. 1 IS BITCOIN (STILL) BITCOIN-ALTCOINS-MEMECOINS THIS IS PLANDescending Trading Channel IS IN PROGRESS.
Bitcoin is currently trading within a descending channel, characterized by lower highs and lower lows.
The resistance line at the top of the channel is acting as a barrier to upward momentum.
The support line at the bottom of the channel provides a temporary floor for price movement.
Current Price Action:
The price is near the channel's lower support, indicating a critical decision zone for traders.
The presence of high volume at support suggests potential buying interest.
Indicators:
VMC Cipher B Divergences: Shows momentum divergence, signaling a potential reversal near the current level.
RSI (14): Reading of 27.94 indicates oversold conditions, suggesting a possible bounce.
Stochastic Oscillator (14,3,1): Extremely low (17.32), aligning with the RSI to indicate oversold conditions.
ArTY Money Flow Index (MFI): Neutral, showing neither significant inflow nor outflow of capital.
Key Levels:
Support: $98,282 (current zone within the channel support).
Resistance: $107,153 (aligned with the channel's resistance and previous consolidation).
Breakout Zone: A break above $107,153 could signal bullish momentum toward higher resistance zones ($112,000–$120,000).
Breakdown Risk: A breakdown below $98,000 may trigger bearish continuation to the $90,000 support zone.
Trading Plan
Entry Strategy
Long Position:
Enter near the support zone ($98,000–$99,000) with tight stop-loss at $97,000.
Confirm reversal with bullish candlestick patterns or volume breakout above $100,000.
Short Position:
If the price breaks below $98,000 with strong volume, consider shorting with a target of $92,000.
Take-Profit Levels:
For long trades, scale out profits at:
$105,000 (minor resistance).
$107,150 (channel resistance and key breakout level).
$112,000 (next major resistance).
Stop-Loss Placement:
Place stops 1–2% below the support level ($97,000 for long trades, $99,000 for short trades).
Risk-Reward Ratio:
Aim for a minimum risk-reward ratio of 1:3 (risk $1,000 to make $3,000).
Trade Management:
Monitor volume closely; rising volume during upward movement strengthens bullish conviction.
Use trailing stops to secure profits if the price moves favorably.
Breakout Trading:
If Bitcoin closes above $107,153 with strong momentum, consider entering a breakout trade targeting $112,000 and $120,000.
Contingency Plan:
Stay out if the price consolidates without clear direction near the current levels.
Avoid over-leveraging and stick to predefined risk parameters.
Bitcoin is at a pivotal moment within a descending channel. The oversold indicators and support proximity suggest a high-probability bounce, but traders must remain cautious of breakdown risks. The trading plan emphasizes disciplined risk management and capitalizes on both breakout and breakdown scenarios.
GBPCAD - Bearish Momentum Expected from Resistance ZoneOANDA:GBPCAD is currently testing a significant resistance zone. This level has previously acted as resistance, leading to a bearish reversal. The recent upward momentum into this zone suggests a potential for sellers to regain control and push prices lower.
A bearish confirmation, such as a rejection candle, bearish engulfing pattern, or signs of fading bullish momentum, would indicate an increased likelihood of a move downward. If this scenario unfolds, the price could head toward the 1.78220 level.
This setup aligns with a potential short-term correction after an impulsive move. Traders should wait for confirmation of selling pressure before considering short positions.
This is not financial advice but rather how I approach support/resistance zones. Always wait for confirmation, like a rejection candle or volume spike before jumping in. And let me know what you think of this setup in the comments!
BITCOIN The beauty of the 1D MA100 coming to the rescue.Bitcoin (BTCUSD) is pulling back quite aggressively today along with most of the market, as once again political in combination with China's manufacturing sector shrinking, are pitting a dent to buying sentiment.
Having touched its 1D MA50 (blue trend-line) again, we once again view these fundamentals/ news as means to justify the technicals. And BTC's chart on the 1D time-frame clear shows that there is a technical 'necessity'/ tendency to test the 1D MA100 (green trend-line) before more upside can be realized.
As you can see within its +2 year Channel Up, BTC goes through a mini (Megaphone) consolidation phase half-way through its Bullish Leg (we are currently on its 3rd such Leg) that hits its 1D MA100 before it can justify a rebound to the Channel's new Higher High.
During that test, the 1D RSI forms the exact same Channel Down that hits its 1st Support level at 36.00. The Sine Waves clear show that cyclically it is time for this test so we expect this pull-back to be extended to around 94000 - 93000. The bounce that will follow should test at least the top of the Channel Up at $150000.
But what do you think. Do you view the 1D MA100 as a 'fair' buy entry again? Feel free to let us know in the comments section below!
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Lingrid | EURUSD Potential LONG Play at SUPPORT zoneFX:EURUSD market closed on a bullish note, driven by a strong bullish weekly candle. On the 4H timeframe, the price broke and closed above the swap zone that was respected many times. On the 1H chart, the market shows bullish momentum by forming a higher high and a higher close, indicating a strong upward trend. Given the bullish weekly close, I believe the market will maintain its upward trajectory and continue to push towards the resistance zone at 1.05700. The upcoming news flow for this week will be crucial in determining the market's trajectory, and if it is favorable, I anticipate the price to move even higher. My goal is to resistance zone around 1.05575
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Bearish adventure startsMorning folks,
So, here we go... downside action starts as we've discussed last time. On weekly chart we still wait for confirmation in a way of price close below 3x3 DMA.
While on a daily one price hits oversold level. Those who know about this - we have DiNapoli bullish "Stretch" pattern for now, suggesting the pullback. That's why we do not consider immediate short entry.
Our 4H Diamond has worked just perfect. So everything goes absolutely fine.
For now we consider no longs on daily/weekly basis and waiting for the bounce, supposedly to ~102.20K area. Scalp traders on 1H TF and below could consider scalp long position with the same target.
I mark this setup as bullish because of this pullback. But, in general we keep bearish view...
DXY - Potential Sell At Key ResistanceThe DXY is approaching a key resistance zone, which has historically acted as a strong supply area. This level has seen multiple price rejections in the past, making it a critical area of interest for potential reversals.
The current uptrend has brought the price back into this resistance zone, but there are signs of potential trend exhaustion as the price tests these levels. If the price confirms rejection with bearish signals, such as reversal candlesticks or divergence on oscillators, we could see a downward move.
I anticipate that, upon rejection from this resistance zone, the DXY may head lower toward the 107.548 level. This setup aligns with the idea of a short-term correction within the broader market context.
Let me know your thoughts on this analysis or if you see a different perspective! Feel free to share your insights in the comments!
COTTON: Buy Setup at Key Support ZonePEPPERSTONE:COTTON is trading within a significant demand zone, marked by prior price reactions and a strong historical support area. This zone has previously acted as a pivot point for bullish reversals, suggesting a high-probability area for buyer interest.
I anticipate that if the price confirms a rejection within this demand zone, the market may move upward toward the 6,824 level, which represents a logical target within the current market structure.
If you have any additional insights or a different perspective, feel free to share your thoughts in the comments!
Pepe’s Weak Price Action Signals Trouble AheadAs with many coins, Pepe saw a massive pump following Trump’s election, with the coin hitting a new all-time high (ATH).
However, the bullish momentum quickly faded. After a marginal new ATH at the beginning of December, the price dropped back to the old resistance level, which had turned into support.
In early 2025, bulls made two more attempts to push the price higher, but both efforts failed, sending the coin back to the support zone.
This kind of price action suggests growing weakness. I expect the current support zone to eventually break. If that happens, the coin could accelerate its decline, potentially targeting the 0.000007 area.
GOLD MARKET ANALYSIS AND COMMENTARY - [January 27 - January 31]Last week, the gold market continued to benefit from concerns related to tariffs and US President Donald Trump's statements on interest rates, along with a decrease in US bond yields and the USD, and gold prices traded. trading near a 3-week high of above 2,750 USD/ounce.
Ahead of the monetary policy meeting next week, it is predicted that the US Central Bank will keep interest rates unchanged and there will only be one interest rate cut this year, while Mr. Trump called on banks to Global central banks lower interest rates. This means there may be disagreements between Mr. Trump and the Fed. This is something that traders are paying attention to and gold prices are likely to benefit from its role as a safe haven asset.
This week's economic calendar will focus on central banks globally, with the US Federal Reserve and Bank of Canada announcing interest rate decisions on Wednesday, followed by an announcement from the European Central Bank. Europe on Thursday.
The market will also pay attention to some US economic data, including the December new home sales report released on Monday, durable goods and consumer confidence reports on Tuesday, GDP Fourth quarter weekly unemployment claims and pending home sales on Thursday, and PCE, personal income and personal spending on Friday morning.
📌Technically, on the H4 chart, this week's gold price has broken out of the Downtrend line and the important resistance level at 2725, gaining momentum to near the 2790 resistance threshold. Next week, if the 2790 resistance mark is broken, broken, gold prices will continue to set record high prices for early 2025.
Notable technical levels are listed below.
Support: 2,730USD
Resistance: 2,770 – 2,762 – (All-time high)
SELL XAUUSD PRICE 2831 - 2829⚡️
↠↠ Stoploss 2835
BUY XAUUSD PRICE 2712 - 2714⚡️
↠↠ Stoploss 2708
IBKR Interactive Brokers Group Options Ahead of EarningsIf you havne`t bought IBKR before the previous earnings:
Now analyzing the options chain and the chart patterns of IBKR Interactive Brokers Group prior to the earnings report this week,
I would consider purchasing the 200usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $3.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.