As you can see we are in the important level Considering Trump's inauguration and the strengthening of the dollar, I think this is the best area to sell. In my opinion, this weakening of the dollar was completely temporary
We were looking for sells on the overall selling trend. However the was a new Higher High that was formed making a breakout .A retest will therefore confirm a change in direction towards the upside. Fx Heist Ur Mentor.
NASDAQ:OP Long-Term Opportunity ? I believe this is a good spot buy zone for $OP. ? The price is hovering near a multi-year support level, and while it could still go lower, it’s a solid spot to start DCAing. Patience pays, Chill Fam. Let's play the long game. ?
? FXFOREVER Gold Market Analysis A potential bounce zone has been identified between $2,736 - $2,741 (green support area) with a target resistance zone at $2,787 - $2,790 (red area). ? Wait for confirmation of bullish momentum before entering any trades! ? ? Key Levels: ? Support: $2,736 - $2,741 ? Resistance: $2,787 - $2,790 #FXFOREVER #GoldAnalysis #XAUUSD #ForexTrading #TechnicalAnalysis #MarketInsights
Well, I thought this wedge would Stronger, but it broke. Now the price might range between the 0.32 and 0.618 Fibonacci lines. Also, the first bearish SAR point has been formed, which may continue for a few days. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.? _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and ?Follow?! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
A warm welcome to everyone! A bit of fundamental: The reason for the markets falling is attributed to the fact that Deepseek, a Chinese company of 200 people and a $6 million budget, created DeepSeek AI without having access to the latest Nvidia chips due to US sanctions. Today DeepSeek AI overtook ChatGPT in the Chinese AppStore and can now compete with OpenAI, which caused bearish sentiment for the US stock market and Nvidia stock, and the market pulled down. Funny how this happened when most of us were asleep, isn't it?)) My thoughts: “Gathered liquidity higher, now all that's left is to gather liquidity below ~$100k$”. My words from three days ago. A continuation of the locally bearish momentum all the way down to 95-97k$ is quite possible. There is strong support there and the upper triangle line, which was previously the strongest resistance. And as we know, the stronger the pattern, the more involved the play will be at this point. I suppose you realize that my current notes are intended for the local trend only. In the medium term, within the framework of the final diagonal triangle, as I wrote earlier, I expect the upward movement to continue.
The EURUSD is starting to bounce back after a long period of downward trend. There is a clear indication of a bullish breakout above an important daily/intraday resistance level, showing the dominance of buyers in the market. Following the trend, I anticipate a potential bullish movement from the highlighted blue zone. ⚠️I suggest considering buying EURUSD only after it breaks below this zone.
In the lower ranges, with confirmation, you can expect a 500 pip gain.
Following the formation of a Double Top pattern at the 21,930 level last Friday, the NASDAQ has experienced a significant decline, plummeting by nearly 800 points. This downturn has been primarily driven by unfavorable manufacturing data emerging from China, alongside the Bank of Japan's unexpected interest rate hike on Friday. The market reaction closely resembles the Yen carry trade unwind observed in August of last year, as investors are swiftly reallocating capital from high-risk assets such as equities to traditionally safer alternatives. The Japanese Yen, recognized as a classic safe-haven asset, has seen increased demand amid the current market uncertainty. From a technical perspective, the US100 index currently exhibits an oversold condition, as indicated by the Relative Strength Index (RSI). However, the prevailing downward momentum remains robust, suggesting that a potential reversal may not be imminent. The price action has decisively breached multiple Fibonacci retracement levels in succession and is now approaching the critical 61.2% retracement level. Historically, this level has acted as a strong and final support zone. Should this support level fail to hold, further declines towards the 20,500 threshold and potentially lower levels should not be ruled out. Market participants should exercise heightened caution, as the Federal Reserve is scheduled to convene this Wednesday, with an anticipated decision to maintain interest rates. This forthcoming announcement is likely to exert additional downward pressure on the US100 index. Nevertheless, given the sharp recent declines, short-term corrective pullbacks to the upside remain plausible. In light of the current market conditions, a prudent trading approach would involve entering short positions only after the NASDAQ convincingly breaches and closes below the 61.2% Fibonacci retracement level, thereby confirming further bearish sentiment.
According to the Volume price analysis, price shifts more than volume its mean buyers are more interested to buy at low so in the absent of buyers price is moving faster to the low side even with the low volume. Now I like to see long position in this week, once it will grab all the buying limit orders from the bottom. https://www.tradingview.com/x/glW08OHi/