Colleagues, I believe that wave “2” has completed its development and now I expect the upward movement to continue in wave ‘3’, which should break the maximum of wave “1”. So far, I set the target as a minimum in the area of 6136.8. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Patience wins! Last week, I shared my analysis on #AUDUSD, where we awaited a retest of our trend and wedge pattern. ✔Now that the retest has occurred, it might be a good opportunity to enter a position. Let's see how it unfolds!
For GBPUSD, I assume that after completing a correction on the hourly chart, which paused at the key 61.8% Fibonacci retracement level, we have formed wave 1 of a new upward movement. Currently, we are finalizing wave 2, setting up a classic 1-2 structure, which often precedes a strong impulsive rally. A confirmed breakout above 1.24286 will validate this setup, signaling further bullish momentum and a potential continuation of the uptrend. This pattern aligns with similar structures forming across other USD pairs, suggesting a broader dollar weakening phase in the market. Should monitor price action closely and wait for wave 2 completion, looking for impulsive confirmation after the breakout for high-probability long entries.
?Hello traders, let's review the 4 hour chart for EURUSD. Weekly open gapped down so expecting more losses in this market before potential reversal off the lows on Wednesday/Thursday this week. ?Revised/updated outlook point C is 1.13 extension at 0140, other points include X at 0595, point A at 0220, point B at 0510, point D/PRZ at 0700. ?Currently most points validated, point C/PRZ still pending 0140, so traders should wait until we hit C before buying. ?Recommended strategy for EURUSD traders: wait for pullback/correction to complete at point C near 0140, buy/hold, SL 60 pips, TP1 +200 pips TP2 +400 pips Final exit TP at 0700. BUY/HOLD at point C/PRZ at 0140. swing trade setup. only invalidated if we break below 0140 on high volume. good luck traders! ?Please hit the like button and ?Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
$OMNOM price has been moving in a local descending channel for 84 days and recent dump brought almost to support, immediately bouncing back 67% and currently moving in the middle of the channel. Possible local rebound target is 800% higher than the current price.
https://www.tradingview.com/x/SOopVxWP/ Hello, Friends! CAD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 106.159 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅
The **Dow Jones Industrial Average (US30)** remains in a long-term bullish trend, with price continuing to form higher highs and higher lows. However, in the short term, a pullback is expected after a recent push higher, as indicated by the current price of 44,285.9. The key resistance zone lies between 44,803 – 45,124, where selling pressure could emerge, while major support zones are found at 43,113 – 43,047 and further down at 41,757 – 41,527. If the price fails to break above the resistance, a decline toward the lower demand zones is likely before any potential continuation of the bullish trend. From a Smart Money Concepts (SMC) perspective, liquidity is positioned both above the 45,103 – 45,124 zone, where stop-losses of retail traders might be targeted, and below at 43,047 – 42,000, which could serve as a liquidity grab area before a bounce. Fair Value Gaps (FVGs) are present near 43,113, making it a potential retracement target. Additionally, a bearish order block (OB) is evident at 44,803 – 45,124, reinforcing the likelihood of rejection from this zone, while a bullish OB at 41,684 – 41,527 suggests a high-probability area for a price reversal. Given these factors, smart money could drive price down toward these key liquidity levels before another upward move. In terms of supply and demand, the market is currently testing a strong supply zone (44,803 – 45,124), which may result in a short-term decline. Meanwhile, significant demand zones at 43,113 – 43,047 and 41,757 – 41,527 could provide support where buyers may step in. A sell-off from the supply zone, followed by a reaction at the demand levels, aligns with the overall market structure. On the fundamental side, several macroeconomic factors are influencing US30’s trajectory. The Federal Reserve’s interest rate decision in February 2025 will be a key driver. A hawkish Fed stance could strengthen the USD, putting pressure on stocks, while a dovish approach (rate cuts) could provide upward momentum. Additionally, the US jobs report (NFP and unemployment rate) will be closely monitored; a strong labor market could reinforce the Fed’s tightening policy, negatively impacting equities. Geopolitical risks, including ongoing tensions in Russia-Ukraine, the Middle East, and the US-China trade war, may also introduce volatility. Rising geopolitical tensions could lead investors to seek safe-haven assets, causing US30 to decline, whereas easing tensions could bolster market sentiment and support the index. Given these technical and fundamental factors, the short-term expectation for US30 is **bearish**, with price likely to retrace toward the 43,113 level and possibly 41,527 before any renewed bullish momentum. Traders looking for short opportunities may consider selling near 44,803 – 45,124, with a stop-loss above 45,200, targeting 43,113 and potentially 41,757. On the other hand, long positions could be considered around the 41,684 – 41,527 demand zone, with a stop-loss below 41,400 and targets back toward 43,113 – 44,800. Overall, while the broader trend remains bullish, short-term corrections are expected before the market resumes its upward trajectory. Traders should keep an eye on key economic releases and geopolitical developments, as they could significantly impact market sentiment and price action.
BTC/USD Daily Chart Analysis The chart displays a classic price structure that confirms a trend reversal followed by a sharp correction into a key OTE zone. This setup offers a compelling opportunity for bullish trading ideas based on a potential continuation of the uptrend. Here's the detailed analysis: Technical Context: Change of Character (ChoCh): A clear ChoCh is visible, marking a shift in control from sellers to buyers. The breakout of a previous significant high validates this reversal. OTE Zone and Reaction: After an upward move, the price corrected sharply into the Optimal Trade Entry (OTE) zone, aligning with higher timeframe support. A strong inefficient candle with a lower wick swept liquidity before closing above the OTE zone, indicating a possible bottom for the correction. Fair Value Gap on 4H: A Fair Value Gap just above the OTE zone serves as a liquidity target, aligning with potential upside momentum. Bullish Structure Emerging: The development of higher lows would confirm the continuation of the bullish trend. Liquidity pools around $108,000 and $110,000 stand as probable targets. Fundamental Context: Broader market conditions and BTC's recent strength support a bullish outlook. Holding above the $100,000 psychological level adds confidence for further upside momentum. Conclusion: BTC displays a clear reversal structure with a controlled correction into the OTE zone. The sharp reaction within this area, combined with the ChoCh, indicates that the bottom of this correction might be in place. A buying strategy targeting $110,000 seems promising, provided proper risk management is maintained.
BUY 1.48900 | STOP 1.48300 | TAKE 1.49600 | Up moving from support level.
Ein Blick in die Retro-Zukunft Der erste Trailer für The Fantastic Four: First Steps rückt näher, wie dieser Teaser der Marvel Studios bestätigt. ‘PREPARE 4️⃣ LAUNCH’ nennt sich der kurze Clip, der zeigt, wie eine Gruppe von Kindern aufgeregt zu einem Schaufenster stürmt und dort auf eine Reihe von Retro-TVs blickt. Auf den Bildschrimen sieht …