Hourly (Market Profile) - marked zone where i would look for entry
**USDCAD ** Following the US President’s decision to impose a 25% tariff rate on Canada, the USD/CAD exchange rate experienced a significant surge, reaching approximately 1.49. However, as the market has stabilised, we anticipate a gradual decline in the exchange rate, which may help bridge the liquidity gap. Two prominent red lines serve as potential entry and stop-loss points. Additionally, two designated targets are set as swing take-profit areas. We appreciate your unwavering support. Should you have any inquiries regarding the strategy or any trading-related questions, please do not hesitate to provide feedback. Team Setupsfx_
Daily (Price Action) - Strong Short, until we close above black line.
I have seen in the past when the buy side impulsive move start becoming shorter. You can expect a retracment back to key levels. Its very likely that bitcoin will go down to 70K. And its not surprising it will go to 60k. Let see. This is want i think will happen.
As shown in the chart, ETH has reached the trendline support and is currently trading near a key support zone. This critical level will determine whether ETH initiates a reversal from its long-term downtrend that began last December. I anticipate this support to hold, leading to a strong rebound in ETH's price. If the reversal occurs from this zone, ETH could reach its peak around Q4 2025. Let’s see how it unfolds! Cheers, GreenCrypto
Bitcoin bear flag has become in play over the previous week as I anticipated in my previous week's analysis. While there is a potential minor support in the 81 to 80K area, the lower high established at 88K implies a lower low is likely to follow which can unfold this week. This scenario could see price retesting the 76K area low. There are a couple of potential opportunities that can present themselves in this situation. The day trade long off the 81,500 area support (see thin rectangle and arrow). This would be appropriate for the smaller time frames like 30 min or lower. Waiting for price structure confirmations and looking for profit objectives that are proportionally within reason on your selected time frame (Trade Scanner Pro is ideal for this). Price may see smaller time frame reversal patterns between 81,500 and 80K numerous times. It is important to take proportional profits because there is NO guarantee the reversal will follow through especially in the face of a lower probability bounce (thanks to the lower high established at 88K). The opportunity for larger time frames (like swing trades) is between 78 to 76K. This is the previous low and a broader double bottom formation can develop here. The confirmation patterns are the same as previously explained, except the profit objective can be much greater because of the magnitude of the levels in question. For example, if a long confirms at 78,500, risk would be like 2K points, profit objective would be 4K at minimum. Scaling out of a swing trade can also be considered here like selling half at 83.5K, another quarter at 84.5K and closing what is left at 85.5K. Scaling is a more advanced concept, if you find it confusing, just stick to a simple R:R of 2:1 or more all in all out in high potential situations. While the broader trend in Bitcoin is still bullish, the short term structure is bearish until proven otherwise by price. Trying to piece together news, economic reports, etc., I find to be nothing but confusing and often counterintuitive to how the market actually reacts. This is why I rely ONLY on price structure and support/resistance levels. They are objective and help me align with the market intent (and why a lot of my anticipated scenarios happen to play out). The fact that the short term structure is bearish implies support levels have a greater chance of breaking. This helps to shape my expectations, and also why it is so important to wait for confirmation. The reason I prefer longs over shorts in this situation is because I do not lose site of the BIG picture. The 76K to 73K area is VERY relevant location of a broader higher low. This is why you need to have a very deep understanding of the time frames you are using along with the potential and risks presented by reach one. The larger the time frame, the more weight it carries. The short term bearish trend is nothing more than a retrace of a broader BULLISH structure that has been in play since the 15K low a few years ago. Thank you for considering my analysis and perspective.
Daily (Price Action) - strong long. Until we close below blacj line we are in long context
Expect onesided meltdown on ES. Upcoming week is going to be massively liquid. Try to position less compare to your original postitions
Hello traders! There is an upward wave and the price is declining in a correction . I expect a similar upward wave. We have an POI Zone and I expect the wave to start from there.
CADCHF is more so bearish than bullish. Price can still push up towards daily resistance if it breaks the H1 resistance. I'd wait for price to break this major support to have another confirmation for shorts.