In this video, I go over a long trade I entered this morning, indicating that another upward move is likely. I break down the corrective waves and explain how they led me to this conclusion. Regardless of the specific wave we're currently in, the corrective pattern suggests the next move will begin soon from these levels. The key support level for this trade is $87,823. While I don't have a specific target yet, the price could potentially reach $150K.
Just now I opened as short position on avax. It might push back up a bit to my entry...might not. Targeting $20 or a bit lower looks primed to drop
1. 144.00 Support May Hold Strong The analysis assumes 144.00 will break, but this is a key psychological and historical support level. If buyers step in, USD/JPY could reverse back up instead of continuing downward. 2. Rebound Towards 150.00 Possible Instead of a lower low, USD/JPY could bounce off intermediate demand zones and attempt a retest of resistance at 150.00. US economic strength (inflation, interest rates) could support the dollar and invalidate the downtrend. 3. Lower Highs are Not Confirmed Yet If the price stays above 146.50, the trend could shift back bullish, disrupting the bearish projection. Lack of strong selling pressure near 147.00-146.00 could mean the market is undecided rather than fully bearish 4. Macroeconomic Factors Favor USD Strength If Bank of Japan (BoJ) remains dovish and the Fed keeps rates high, USD/JPY might resume its uptrend instead of falling
USD/CAD rises to near 1.4360 even though the US Dollar slides to four-month low. US President Trump is set to reprieve tariffs on automobiles from Canada and Mexico. Investors await the employment data for February from both the US and Canada.
AUDUSD looking good for a scalp buy, if you check 4H timeframe it seems that the downtrend is finished, dont forget to set tight stoploss
NASDAQ:MSTR Long positions above 230 with targets at 355 & 404 in extension. Alternative scenario Below 230 look for further downside with 193 & 160 as targets. The RSI has just landed on a support around 30% and is reversing up.
Looking over Long term bull trends, this current bull run from 2009 to present day, more resembles the 40's bull run vs the dot com bull run. I placed a red dot where I believe we COULD be in the current bull run if using the 40's run as a guide. If this is to be true, then we can expect a deep pullback into the 32,000's in a giant range, consolidation. Using a long term trendline, currently today, price is far away from it. Price would need to rest and build up before the next rip higher. https://www.tradingview.com/x/KGLuxLCD/ https://www.tradingview.com/x/FqSOSFla/ https://www.tradingview.com/x/ZePXYN2d/ https://www.tradingview.com/x/cxeqevX0/ https://www.tradingview.com/x/V0eOuyxv/
#ETH #Analysis Description --------------------------------------------------------------- + ETH has two pending CME future gaps to filled. + First gap is around 2900-3400 range and second gap is around 2500-2600 range. + Sooner or later these CME gaps will get filled. I'm expecting Gap2 get filled in this or next month and Gap 1 in the second or third quarter. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
The short position is already in place. Although the gold price is not volatile at the moment, this is just the rhythm before the storm. Stay patient and don't be anxious because of the temporary stillness. The balance of the market will eventually tilt in the direction we expect, and rich returns are waving not far away.
https://www.tradingview.com/x/yJM2qLkY/ ✅DXY is approaching a demand level of 103.500 So according to our strategy We will be looking for the signs of the reversal in the trend To jump onto the bullish bandwagon just on time to get the best Risk reward ratio for us LONG? ✅Like and subscribe to never miss a new idea!✅