Context & Market Overview I'm extremely bullish on JPMorgan Chase ( NYSE:JPM ) right now—lots of bullish catalysts are aligning: - Major deregulation is underway: - Consumer Financial Protection Bureau dismantled ✅ - Trump's regulatory pivot pre-earnings ✅ - FDIC Acting Chair set to push further deregulation ✅ - Potential Powell pivot (interest rates) in May/June? ❓ - Upgrades by Wells Fargo and Goldman Sachs ($280-$300 Price Targets) Jimmy Dimon is getting superhero-like credit for possibly influencing policy decisions just by his appearance on Fox News! JPM feels like the "Nvidia of finance," positioned strongly amidst this policy pivot. Weekly Chart JPM is recovering with overhead resistance to monitor closely: - Resistance Zones: - Initial Resistance: $247.75 - $250.00 - Secondary Resistance: $264.00 (Best Price Short) - Immediate Support Zones: - Primary Support: $231.50 - $234.30 - Gap Fill Support: Around $228.00 Trading Scenarios Bullish Scenario (strong deregulation + earnings optimism): - Entry Trigger: Confirmed bounce and support around $231.50 - $234.30 or gap fill at $228.00. - Profit Targets: - Target 1: $247.75 (initial resistance) - Target 2: $264.00 (next bullish target) - Stop Loss: - Below $227.00 to manage downside risk carefully. Bearish Scenario (earnings miss or negative surprises): - Entry Trigger: Breakdown and confirmed close below $227.00 (gap-fill level). - Profit Targets: - Target 1: $215.25 (previous support) - Target 2: $199.00 (major support level) - Stop Loss: - Above $234.50 to protect against bullish recovery. Personal Trade Idea Thinking of using call options dated between April 25th to May 2nd to capture potential moves without overly tight expiry pressure—same-day/week options have been challenging for my portfolio. This looks compelling, especially if JPM’s deregulation tailwinds and earnings momentum play out. Final Thoughts The setup for JPM is highly appealing due to regulatory catalysts, earnings anticipation, and analyst optimism. Nonetheless, volatility remains high, so risk management is essential. This analysis is my personal view—posting to hold myself accountable! ? Disclaimer This content is for informational and educational purposes only. It reflects my personal opinion and is not financial advice, a recommendation, or an endorsement to buy or sell any security. All investments carry risk, and you should do your own research or consult a licensed financial advisor before making any trading decisions. Options involve significant risk and may not be suitable for all investors.
Bullish on Celsius................................................................
We will trade Long trade on Thu, 10 Apr 2025 M15 Long to target POC 312x (previous equal high) This plan for study purpose, not financial advice! Self control yours action! Good luck mates! #MakeCent #TradingMakeSense
Gold prices fell from the high of 3168 on the day of the tariff, and reached the key attack and defense of 2956 after continuous fierce selling; rebounded to 3022 and continued to rise. Affected by the partial suspension of the tariff policy, it broke through the 61.8% node 3086 of the 2956-3168 line, and reached a high of 3100; the daily chart transcribed the real big sun and expected that it would fluctuate upward in a wide range during the day; opening at 3082, short-term support 3072-3066, strong support 3060; short-term resistance 3094-3100, strong resistance 3110-3120; it is recommended to follow up with a pullback during the day. Strategy 1: Buy near 3072, protect 3062, target 3082-3100; hold after breaking;
? ETH/USD Daily Technical Outlook – April 9, 2025 Ethereum is currently trading around $1,649, facing resistance near the $1,700 level. After a decline from the $1,800 region earlier this month, ETH/USD has been attempting to find support and establish a base. The market is at a critical juncture, with price action suggesting a potential reversal or further downside movement. CoinCodex ? Current Market Structure: ETH/USD has been in a downtrend since reaching highs near $1,800 in early April. The pair has formed a series of lower highs and lower lows, indicating bearish momentum. Currently, the price is consolidating just below the $1,700 resistance, suggesting indecision among market participants. ? Key Resistance Levels: $1,700 – $1,720: Immediate resistance zone. A break above this area could signal a potential reversal and open the door for further gains. $1,800: Previous support turned resistance. A move above this level would indicate a shift in market sentiment. ? Key Support Levels: $1,600: Psychological support level. A break below this could lead to increased selling pressure. $1,500: Major support zone. Holding above this level is crucial for bulls to prevent further declines. ? Price Action Patterns: Ethereum's recent price action suggests the formation of a descending triangle, a bearish continuation pattern. The horizontal support around $1,600 combined with descending highs indicates that sellers are gaining control. A decisive break below the $1,600 support could lead to a measured move targeting the $1,500 area. ? Potential Scenarios: ✅ Bullish Scenario: If ETH/USD breaks above the $1,700 resistance with strong volume, it could signal a reversal, targeting the $1,800 level. This move would require a shift in market sentiment and increased buying interest. ❌ Bearish Scenario: A break below the $1,600 support could lead to further declines, with the next target around $1,500. This scenario would confirm the descending triangle pattern and suggest continued bearish momentum. ? Conclusion: Ethereum is at a pivotal point, trading just below key resistance at $1,700. The formation of a descending triangle suggests a bearish bias, but a break above resistance could invalidate this pattern. Traders should monitor these key levels closely and watch for a decisive move to determine the next directional bias. ? Do you think Ethereum will break above $1,700, or is further downside ahead? Share your thoughts below ?
??? USD/JPY news: ➡️ US President Donald Trump said on Wednesday he would temporarily roll back the heavy tariffs he imposed on dozens of countries while continuing to ramp up pressure on China, sending US stocks soaring. US stocks rose on the news, with the benchmark S&P 500 index, open new tab, closing up 9.5%. Bond yields fell from earlier highs and the dollar recovered against safe-haven currencies. Personal opinion: ➡️ USD/JPY will find strong support after the news. Currently, USD/JPY shows signs of a pullback as the RSI enters overbought territory, but that is only temporary. in the coming time, the upward momentum for this currency pair will still be maintained ➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy Plan: ?Price Zone Setup: ?Buy USD/JPY 146.6 – 146.45 ❌SL: 145.90 | ✅TP: 147.20 – 148.00 – 148.70 FM wishes you a successful trading day ???
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a BTC/USD Buy. Enjoy the day all. Cheers. Jim
Hello Friends, I've been trying to tackle this count for a couple of days now and finally came up with something that fits the picture and seems to work. I’m not in love with this count—it’s very tricky when it comes to the X wave. I’ve been reviewing and processing what the highest probability count could be for this part of the structure. As we understand it, Wave 1 of the 5th wave (or Wave A of the Y wave) was completed around January 20th at approximately $3.40. From that point until now, we are likely in Wave 2 of the 5th wave (or Wave B of the Y wave), which appears to be nearly complete. Wave 2 (or Wave B) is forming as a sharp double zigzag: A zigzag in Wave W A truncated, ugly-looking sharp double in the X wave (which I’m not a fan of, though I believe it’s valid and it fits) And a zigzag in Wave Y, which we are currently still in Probabilistically, we are in Wave B of the Y wave and should retrace to around $2.10–$2.40. As more subdivisions develop in the B wave, they’ll help confirm more precise target ranges in the coming days. I expect we’ll finish in the $1.60–$1.36 range (leaning more toward the lower end around $1.43–$1.36) to complete this correction before continuing toward the $10 target area. Thoughts? Thank you, GOD BLESS and TRADE ON!
USDZAR has met a solid resistance after a quick climb to 19. Level. Price should try to retest 19.65 as a nearest resistance, before it continues to dump
What a spike up, my longs around the low booked me a handsome profit Am now waiting for a minor new high to confirm a clear 5 waves move up This will indicate price will go even higher Hope this works and give me another few hundred pips of profit.