Today's outlook for EUR/USD leans towards a BUY probability, backed by historical trends in U.S. JOLTS data. February has consistently shown negative figures, reinforcing a potential bearish sentiment for the USD. Traders can capitalize on this statistical edge while maintaining a well-structured risk vs. reward strategy to optimize trade performance. Stay disciplined and trade smart.
Entry long $31 Stop loss $30.50 Target $32.50 Disclaimer
Zoomed in 4H blue vector recovery from where majority went long within the range. Decent daily candle body close above all support on the daily and now within side ways PA until it decides on either topside or more bottom side liquidity to be swept and in order to entice and trap more traders during the moves.
I'm expecting price to fall back to my daily point of interest 30.569 clearing Mondays low 30.653 as Inducement . Previous week was bullish and we broke above 31.293 hence my next Draw on Liquidity is 32.320 Please share if you find this insightful ?
Bitcoin is experiencing what looks like to me a final correction before we hit the wave 5 target. Keep your eyes peeled we could sink lower. I have my SL set and I am ready to ride. Not Financial Advice
Took 2 day trades and 1 scalping entry on JPN225. Nice move and shows the fractal nature of the markets. Not too many setups in Asia today for me, so I focused just on trading price action on my core pairs.
Hello traders here's my New XAU/USD idea, what you think on it? share your thoughts in comment section Gold (XAUUSD) is consolidating near the 2816 resistance level after a strong upward momentum from the 2793 support zone. On the technical side, the market shows bullish strength with higher highs, indicating the potential for a breakout toward the 2860 target. The bullish scenario aligns with fundamental factors such as recent market uncertainty, which supports demand for safe-haven assets like gold. We should watch for price rejection near resistance and consider economic data, including USD performance and interest rate expectations, which could impact gold's movement Follow me for more updates and don't forget to share my idea with your friends and family
Distribution Structure: The chart shows a clear distribution pattern at the top (highlighted in gray), indicating a potential reversal zone. This structure suggests that buying pressure is weakening, and we may see a price pullback or correction. BTC.D at Key Level: Bitcoin dominance (BTC.D) is currently at a key level, and we are expecting a retracement here. The confluence between the distribution structure on BTCUSDT and the critical BTC dominance level enhances the likelihood of a short opportunity. Price Action: After reaching the distribution zone, BTC has shown signs of slowing momentum, which further suggests that a pullback or continuation of a downtrend could occur. Target Range: The short position could be targeted toward the lower consolidation levels, with a focus on the $87,500 - $85,000 area. The lower end of the original consolidation zone provides strong support that could act as a potential reversal zone. Risk Management: Set stops just above the distribution structure to manage risk effectively. Keep the risk-to-reward ratio favorable for the expected move.
Open to Questions. the stock seems to be forming a base around its recent bottom amidst the market correction (NIFTY 50). shakeout day and recovery can be seen clearly.
BTCUSD (H1) LOOK LIKES BULLISH BTCUSD look likes bullish and getting support from strong zone and fly from our zone so don't miss and ride it key areas entry zone $98700 to $98000 TP $103000 SL $96200 don' t forget to set SL and TP and risk and reward for more TA and analysis keep follow like an comment and share