This is a short trade setup on EUR/USD based on recent price action. After a sharp bullish move, the price has reached a key resistance area near 1.09424 and is now showing signs of rejection. This offers a potential opportunity for a sell position. Trade Setup: Entry: 1.09396 Stop Loss: 1.10132 (above recent highs to allow for some volatility) Take Profit 1: 1.08790 Take Profit 2: 1.08266 Take Profit 3: 1.07615 Timeframe: 2-Hour (2H) Bias: Bearish Reasoning: The price failed to sustain above resistance and is forming lower highs, suggesting a possible reversal. Targets are based on previous support levels. Risk Management: The setup offers a favorable risk-to-reward ratio. Multiple take profit levels are set to secure partial profits and reduce exposure as the trade progresses.
details are shared in side the graph buy zone/support at 18.5-20 rsi at buy zone/support took liquidty of last lows buy the news!
If the sharp move we've seen today turns out to be a bull trap, then the logical thing to expect here would be an incredibly sharp move down to the 4.23 fib. 450 or so in SPY. IV is sick on the options but spreads for around this spike make sense.
Short level of Daily chart. Nothing more nothing less just chilling...
USD/JPY has perfectly tested my supply zone and shown a clear rejection. Based on this, we can consider opening a short position. Fundamentally, USD/JPY also appears weak, and the Japanese Yen is considered a safe haven. Given the current market conditions, this could be a good trade setup.
Executive Summary The S&P 500’s Elliott Wave structure suggests the current downtrend is incomplete, with a high-probability target near the 4,300 level based on Fibonacci retracement levels. Global stock markets remain under pressure amid ongoing tariff uncertainty, and Elliott Wave patterns across various indices continue to point to more downside. Current Elliott Wave Analysis Today’s upward volatility is likely a small-degree wave four, with another leg down expected to retest today’s lows in the coming sessions. There is an impulse wave that began in October 2022 and topped in 2025. We are now seeing the after effects of that completed rally. A standard 61.8% Fibonacci retracement of that move places a high-probability support zone around 4,300—a logical target for a ‘normal’ correction of the 2022–2025 rally. Currently, price has paused near the January 2022 high at 4,662, and also sits near the 38.2% retracement level of the 2022 rally, which lies around 4,950. While a move to new highs cannot be fully ruled out, the probability of such a rally is currently low. Given the brief nature of the current decline in both price and duration, a more meaningful correction is still likely. Bottom Line The S&P 500 appears to be in wave ((iii)) or ((c)) of a downward move, with the structure still incomplete. A decline toward 4,300 remains the higher-probability scenario in the near term. We will reconsider the medium-term outlook if the index rallies above 5,488, which would overlap the March 31 low and suggest a possible low is in place.
Netflix - NASDAQ:NFLX Weekly Chart Analysis Short Idea: - Expanding Triangle Pattern Breakdown - H&S Breakdown - AVP GAP to fill - Declining Wr% - Red H5 with bearish Cross Targets: $750/ 695/ 595/ 543/ Maybe $400's Not Financial Advice
April is wild. So take a deep breath and ... relax. Because for traders with a longer-term investment horizon, now may be THE time to buy. A look at the QQQ in the big picture shows that extremely strong bullish divergences have built up in the cumulative volume delta. Yes, the crash was fast and violent. But, as we know: Fast is fake. It can therefore be assumed that the QQQ will recover relatively soon. Times may remain exciting for day traders, but investors on the hunt for bargains will be happy about perfect entry prices.
...like a middle schooler, why Monero over the last year with delistings, without ETFs, and without Strategic Reserves has outperformed Bitcoin?
Basic Market Concepts are essentially market examples of the Market Cycle. Putting it into simple context can help traders know when the market will be ranging (horizontally), where the support and resistance zones are and see how market behavior looks like.