Wave Analysis
EURUSD SellEU has formed a diagonal which is a reversal pattern. We anticipate the a swing bearish move to 0.9 region. On weekly timeframe, the market is still in a corrective phase to complete the last leg of WXYXZ correction. Our first TP for the bearish impulsive move is 1.008. Wave z has 5 impulsive waves, we now on wave 3.
Gold is mainly oscillating at high levels
Gold prices weakened in light trading as Trump postponed his threat of "directly imposing 50% tariffs" on the European Union. The delay reduced safe-haven demand, but broader market drivers still favor gold's bullish outlook. Market anxiety about the United States' ballooning deficit has intensified. The Congressional Budget Office estimates that this could increase the deficit by nearly $4 trillion. Long-term Treasury yields soared, with the 30-year Treasury yield reaching 5.14%, raising concerns about debt monetization and inflation. As a result, gold is more popular than traditional U.S. assets. Gold broke down from a high today and did not continue the bullish rise of the previous trading day, further indicating a phenomenon of bullish profit-taking. Whether the market will continue to break down in the future, we need to pay attention to whether the gold price continues to break down. At present, the main resistance level of gold is at 3347, and then $3357. Overall, Zhang Yifu believes that due to the early market closure, gold is likely to fluctuate in a narrow range. In terms of future operations, the high-altitude and low-multiple strategies should be considered. Pay attention to the resistance of $3347-3357 on the top and the support of $3325-3315 on the bottom.
If the gold price breaks above $3347, it will stop the expected bearish trend and push the gold price to regain the main volatility trend.
It is expected that the gold price will trade between the support level of $3320 and the resistance level of $3357 today.
GBP/AUD – Bullish Continuation Inside Ascending Channel | Week 6The GBP/AUD pair is trading within a well-defined ascending channel on the 1-hour timeframe, showing consistent bullish structure. There is no divergence on the RSI, which supports the view that the uptrend is healthy and likely to continue.
With price respecting the channel and building bullish pressure, we’re setting a Buy Stop entry to catch the breakout continuation move.
Trade Setup Details:
Pair: GBP/AUD
Timeframe: 1H
Trend: Bullish (Ascending Channel)
Entry (Buy Stop): 2.10406
Stop Loss (SL): 2.09100
Take Profit 1 (TP1): 2.11712 (1:1)
Take Profit 2 (TP2): 2.13018 (1:2)
Lot Size: 0.12
Risk/Reward Structure:
Trade 1: Risk $100 / Reward $100 (1:1)
Trade 2: Risk $100 / Reward $200 (1:2)
Total Risk: $200
Total Potential Reward: $300
Why We Like This Setup:
✅ Clear Ascending Channel: Price is respecting trend structure
✅ No RSI Divergence: Bullish trend remains valid and intact
✅ Breakout Entry: Buy Stop above resistance ensures confirmation
✅ Smart Risk Split: Balanced and flexible trade management
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#GBPAUD #AscendingChannel #BullishTrend #PriceAction #BuyStop #ForexTrading #TrendContinuation #NoDivergence #SmartTrading #ForexSignals #ChartAnalysis #TechnicalSetup #TradingView
Bitcoin Market Analysis: Short-Term Scenarios and Key Support LeBTC Update – Short-Term Scenario
Bitcoin has broken above its recent high, and the uptrend remains intact. However, demand is starting to diminish. A short-term pullback would be healthy. The $103K level stands out as a strong support zone for the bulls.
Technical Breakdown and Market Dynamics
Looking at Bitcoin's current price action, there are some interesting developments unfolding. The cryptocurrency is attempting to break out, but the follow-through is occurring on diminishing volume, which shows ease in the market momentum.
The recent breakout attempt reveals important technical characteristics. The bar that reverses the last attempt does so quite easily, indicating reduced buying pressure at these elevated levels. This ease of reversal suggests that market participants are becoming more cautious at current price levels, which is a natural development after significant upward movement.
Current Rally Dynamics and Volume Analysis
The current rally appears to be relatively weak when compared to previous moves. This weakness in the rally structure points to a potential reaction around the $102K level. Volume analysis supports this view, as the diminishing volume on the breakout attempt typically signals that the move may not have sufficient backing to sustain itself at these levels.
Support Levels and Potential Scenarios
If Bitcoin closes at current levels, there's still some demand that could come into play. This demand might create one last attempt to retest recent highs and test the critical level that has been acting as resistance. The specific bar formation that has been staying on for such a long time represents a key concept in the current market structure.
Market Outlook and Key Considerations
The diminishing demand at current levels doesn't necessarily signal a reversal of the overall uptrend. Instead, it suggests that a consolidation or pullback phase might be necessary to build a foundation for the next leg higher. Such pullbacks are often healthy in trending markets as they allow for the absorption of supply and the reset of technical indicators.
HINO LONG TRADEHINO is in uptrend since Sep 2023. Then it entered Wyckoff Re-Accumulation Phase from Feb 2024 till Nov 2024. It broke out of this Re-Accumulation Phase with asserted Volume Gradient in Dec 2024-made a high of 545 and started trading in a downward channel which is a bull flag as per price action principles. It also retested the Breakout at the OB causing the Breakout, made a SPRG at newly established support level and plotted HH and HL. With all above aspects factored in, we foresee an impending up move.
🚨 TECHNICAL BUY CALL – HINO 🚨
🎯 BUY ZONE: Rs. 390-410
📈 TP1 : Rs. 440
📈 TP2 : Rs. 466
🛑 STOP LOSS: BELOW Rs. 368 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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Dont Rush to The Market - Possible correction to 97k🥱 Boring market. Nothing has changed for BTC — it’s still ranging.
👉 The price was rejected from the main trendline and is currently trading below it. We had a sharp move from the $75K level and in a short term any breakdown from 106k will lead the price toward a 97K region
📥 BTC made a new all-time high, but altcoins haven’t moved yet — in fact, most of them have even made lower lows at low timeframe, In the next update, I’ll explain the reason behind this behavior
📣 I didn’t opened any position recently and still im totally out of the market