The CHF/JPY Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 169.06 2nd Support – 168.46 ? Please hit the like button and ? Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short Term Elliott Wave view in EURUSD suggests rally from 2.3.2025 low is in progress as a 5 waves impulse. Up from there, wave 1 ended at 1.0528 and pullback in wave 2 ended at 1.036. Wave 3 higher ended at 1.0955 as the 1 hour chart below shows. Pullback in wave 4 is now in progress with internal subdivision as a zigzag Elliott Wave structure. Down from wave 3, wave (i) ended at 1.0857 and rally in wave (ii) ended at 1.0917. Pair then extended the decline in wave (iii) towards 1.081 and wave (iv) correction ended at 1.086. Final wave (v) ended at 1.079 which completed wave ((a)) of the zigzag structure in higher degree. Rally in wave ((b)) then ended at 1.0858. Wave ((c)) lower is now in progress as a 5 waves. Down from wave ((b)), wave (i) ended at 1.077 and wave (ii) ended at 1.083. Expect pair to extend a few more low to finish wave (v) of ((c)) of 4 before it resumes higher again. Near term, as far as pivot at 1.095 high stays intact, expect rally to fail in 3, 7, or 11 swing for more downside.
Recent Price Action: Gold traded in a tight range yesterday, reflecting the current lack of strong fundamental catalysts. The market remains cautious as the Fed grapples with the aftereffects of its aggressive hiking cycle. While rate cuts would typically boost gold, the Fed—and dollar-backed capital—is keen to prevent a sharp USD decline, keeping the DXY subdued near recent lows. Yesterday’s Strategy: We executed short positions near 3028 during both Asian and US sessions, capitalizing on the repeated rejection at this level. The absence of alternatives made this a logical approach. Currently, gold remains range-bound with no clear directional bias, as conflicting fundamentals (e.g., market expectations for Fed cuts vs. the Fed’s reluctance) create stalemate conditions. Technical Outlook: 4H Chart: Indicators (Stochastic, MACD) are neutral/dull, while Bollinger Bands contraction (3035–3005 range) signals consolidation. Narrowing price action suggests an impending minor breakout. Daily Chart: Stochastic shows a bearish crossover, but price resilience and upward-sloping Bollinger Bands (support at 2955) limit downside momentum. However, the divergence between price and indicators (RSI/MACD) hints at a potential correction ahead. Today’s Plan: Trade the 3035–3005 range with a "buy low, sell high" approach. Monitor for a breakout as volatility compresses. Key Watch: A decisive close outside 3035/3005 may signal the next short-term trend.
Gold continues to hold this upward bullish channel showing strong demand for the pair https://www.tradingview.com/x/aRovxOg8/ But as we zoom in to this weeks move it looks like the market is having a hard time retesting the new highs. Other weekly indicator like RSI (14) is showing divergence indicating a possible correction is on the way. Depending on how this week closes, if weak (not able to close last week high) its possible that price could retest the weekly Fair Value Gap. https://www.tradingview.com/x/3NDL0VJz/ I remain bullish till price closes below 2832 area. Please share your thoughts. refer to my last analysis: https://www.tradingview.com/chart/XAUUSD.P/IZLMDSLF-Gold-March-24-28-AMD-updates-will-be-made-on-notes/
https://www.tradingview.com/x/ce1sN4Qr/ ✅GBP_CHF is trading in an uptrend Along the rising support line Which makes me bullish biased And the pair is about to retest the rising support Thus, a rebound and a move up is expected So we can enter a long trade with The TP of 1.1410 and SL of 1.1350 LONG? ✅Like and subscribe to never miss a new idea!✅ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Hey Trader! ? Market in Range Consolidation – Time to Make Smart Moves! ? Right now, the market is consolidating in a tight range between 3015 to 3030, creating a perfect opportunity to sell at resistance and buy at support. ?? The price action is bouncing back and forth, and our strategy is simple—wait for the range break to confirm the next big move! ? If we get that break, we're looking at 1000 pips profit potential! ? ? KEY LEVELS: - BUY at3050: Watch for a potential breakout above this level! If the market pushes past here, we could see a new all-time high (ATH) and 3100 isn't too far off for gold! ?✨ - SELL at 3000: First, let’s see if the market sweeps this level. If it does, we could be headed to **2970**—another great opportunity to capitalize on the bearish move! ? As always, follow risk management to protect your capital. ?? Set your stops and position sizes wisely, and stay patient as we wait for that key range break to confirm the trend! ?⚖️ Ready to make moves? Let’s keep an eye on these key levels and let the market come to us! ??
UAL if crosses $95, could go to moon https://www.tradingview.com/x/opJKUMTU/
? ? ? Market-Moving News ?: ??? Auto Tariffs Announced: President Trump has announced a 25% tariff on all cars not made in the U.S., effective April 2. This move is expected to impact the automotive industry and could influence market sentiment. ??? UK Inflation Falls: UK inflation has decreased to 2.8% in February, down from 3% in January, raising speculation about a potential interest rate cut by the Bank of England in May. This development may have implications for global markets. ? Key Data Releases ? ? Thursday, March 27: ? Initial Jobless Claims (8:30 AM ET): Forecast: 226,000 Previous: 223,000 Indicates the number of individuals filing for unemployment benefits for the first time during the past week, offering insight into the labor market. ? Gross Domestic Product (GDP) – Second Revision (8:30 AM ET): Forecast: 2.3% annualized growth Previous: 2.3% Provides a second estimate of the nation's economic growth for the fourth quarter of 2024. ? Pending Home Sales Index (10:00 AM ET): Forecast: 1.0% Previous: -4.6% Measures housing contract activity for existing single-family homes, offering insights into future home sales. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. ? #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
XLF banking sector is rolling over and this is one of the best setups I can find going into earnings Q2... My target is 64 gap close By beginning of May. Stop loss over 76.00 or 50sma. Here's XLF.. same wedge at the 50ma https://www.tradingview.com/x/KLqnZfS3
Warning: This is a counter trend quick trade. JPN is in a downtrend on Daily. H4 is flat. After last night's sell off there will be some buyers in the market looking for a deal. We are going long based on: 1) There is a crab pattern 2) RSI divergence on M15 3) Strong support at 37500 area Stop loss is 200+ pips and target is 400.