currently wave is 3rd minor within 5th major wave there will be rebound but then will be followed with the 5th minor wave within 5th major wave if my wave calculation is correct, expect a bigger rebound = bullish when it completed 5th minor wave within 5th major wave
The Japanese Yen is showing strength as global risk-off sentiment grows, making it a potential safe-haven asset. With solid economic fundamentals in Japan and a divergence in monetary policies, the Yen could see further upside. Technical indicators suggest potential for a breakout, and continued market uncertainty could drive more strength in the Yen. Keep an eye on developments for potential entry points.
#BTC failed to break above resistance (old news, I know). For now, the 50-Week EMA is holding as support. We’re likely to bottom around $70K, which aligns with the CME gap and FVG across multiple timeframes. Patience is key. Do hit that .like button if you like these short, spot on updates. Thank you #PEACE
Trade Bias: Bearish Looking at all three timeframes, we're in a bearish cycle on the 4H chart after a recent rejection from the 0.6340-0.6360 resistance zone. On the 1H chart, we can see a recent pullback that may be losing momentum, setting up a potential continuation of the downtrend. Entry Price: 0.6287 Looking to enter short on the current pullback to the 0.6285-0.6290 zone, which aligns with previous support/resistance levels. Stop Loss: 0.6320 Placing the stop loss above the recent swing high on the 1H chart, keeping the risk within your 35 pip maximum. Take Profit Levels: Primary TP: 0.6235 (Previous support zone from March 8-9) Extended TP: 0.6190 (Major support from early March) Risk-to-Reward Ratio: Primary TP: 1:1.5 (33 pips risk for 52 pips reward) Extended TP: 1:2.9 (33 pips risk for 97 pips reward) Trade Rationale: The AUD/USD shows bearish pressure across multiple timeframes: On the 4H chart: Price is in a bearish structure after rejection from the 0.6400 level Current upward movement appears to be a countertrend pullback The pair is showing resistance at the 0.6320-0.6340 zone On the 1H chart: Failed rally attempt with lower highs being formed Price is showing resistance near 0.6310-0.6320 Overall structure suggests a potential continuation of the downtrend On the 15m chart: Recent bullish momentum appears to be waning Price is struggling to break above recent resistance levels Entry Triggers and Trade Management: Wait for rejection candles at the 0.6285-0.6290 zone (bearish engulfing, shooting star, or doji) Consider partial profit-taking at the primary target (0.6235) Move stop loss to breakeven after price moves 25+ pips in favor Consider trailing stop for the remainder of the position if targeting the extended TP This bearish setup offers favorable risk-reward while aligning with the multi-timeframe technical structure. The current position of price near resistance levels provides a good entry opportunity with defined risk. https://www.tradingview.com/x/QYohe3Vu/
? Key Observations: Divergence Detected: There is a bullish divergence between the price and the RSI on the daily chart. Price Action: Lower lows on the chart. RSI: Higher lows, signaling a potential trend reversal or weakening bearish momentum. RSI Analysis: Current RSI is in the oversold zone (below 30), suggesting that sellers may be exhausted. The divergence strengthens the case for a possible upward correction or bounce. Probability: Reversal/Bounce: 70% Continuation of Downtrend: 30% EMA Analysis (20/50/100/200): EMA 20 (Red): Steep downward slope, indicating short-term bearish pressure. EMA 50 (Orange): Also pointing down, confirming mid-term bearish trend. EMA 100 (Light Blue): Flattening out, but still bearish. EMA 200 (Dark Blue): Holding as potential dynamic support. Price has broken below the EMA 50 and EMA 100, indicating weakness, but bounced off EMA 200, hinting at possible support. ? Scenario Analysis: Bullish Reversal (70%): Entry Point: $80,800 Take Profit (TP): $85,000 - $88,000 Stop Loss (SL): $78,000 Probability: High Bearish Continuation (30%): Entry Point: $80,000 Take Profit (TP): $75,000 - $72,000 Stop Loss (SL): $83,000 Probability: Low ? Conclusion: The bullish divergence on the RSI and the bounce from EMA 200 increase the chances of a short-term rebound. If buying pressure sustains, we should expect a test of EMA 50 or EMA 100 as resistance. However, if the support at EMA 200 fails, a deeper correction is likely.
AUD/CAD is currently testing a crucial technical zone, hovering around 0.9060 as traders weigh Canadian dollar fundamentals against the Australian dollar's resilience. The pair recently rejected a previous high near 0.9125 and has formed a potential bearish setup, aligning with a descending trendline (DTL) resistance. With the Bank of Canada’s upcoming policy statement and concerns over U.S. tariffs impacting Canada’s economy, the market is eyeing whether the BoC will maintain a dovish stance. Meanwhile, Australia's stronger-than-expected GDP report last week has provided some support to the Aussie, but fading momentum suggests that CAD strength could reassert itself. If price breaks below the 0.9050 support area, it could trigger further downside toward 0.9025 and beyond. Traders should monitor price action closely at this level for confirmation of either a breakdown or a reversal.
Guten Morgen, der EUR/USD hält sich bis dato sehr bullish und orientiert sich an der aktuellen UP-Trendline, welche bis in den 5min-Chart reicht. Da wir durch die letzte Aufwärtsbewegung nun einige Liquiditäts-Ziele angreifen und vollständig sweepen konnten ist in der nächsten Zeit mit einem Retracement zu rechnen, weshalb wir den Support beim EUR/USD gut im Auge halten sollten. Der aktuelle Support setzt sich aus der besagten 5min-Trendline (blaue Linie) sowie einer signifikanten 15min-FVG (grüne Box) zusammen. Sobald wir also einen 15min-Close unterhalb dieser 15min-FVG (grüne Box) erhalten, sind all unsere interne Supports eliminiert und der EUR/USD bereit für einen Abverkauf. Den Einstieg würden wir mithilfe des Fib-Tool definieren, indem wir mithilfe dieses eine signifikante 1min-FVG auf der wichtigen Fib-Zone der Spanne definieren, diese etwas mit der alten FVG (grüne Box) abgleichen und dort einen Short Limit-Order platzieren. Auch hier möchten wir in diesem Bereich keinen Long eingehen, würden bein weiteren Anstiegen also nur den Short Entry nach oben verschieben. Solltet ihr bis zur Umsetzung dieses Setups bereits Fragen haben, könnt ihr mir diese gerne im ?・trading-chat stellen, den Chart findet ihr wie gewohnt bei ?・charts. Ich wünsche euch viel Erfolg und melde mich schnellstmöglich mit dem nächsten Setup bei euch! Tag: @Signals | @Trading
Die Strukturen sehen leider immer noch nicht impulsiv aus. Das Tief sollte jetzt erst einmal drin sein, da ich eine Welle E zu dem 3,1/3,2$ Bereich erwarte. Anschließend sollte es die finale Abwärtsbewegung geben um unser Korrektur-Tief abzuschließen.
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London, UK, 10th March 2025, Chainwire