Based on the chart you provided, the analysis suggesting that EUR/USD will drop to 1.04 could be based on several technical factors: 1. Parabolic Uptrend and Exhaustion • The price has surged aggressively, forming a near-vertical move, which is often unsustainable. Such parabolic moves tend to correct sharply once buyers lose momentum. 2. Potential Double-Top Formation • The recent price action shows a hesitation near the 1.09 level, which could indicate the formation of a double-top pattern, a bearish reversal signal. 3. Liquidity Grab Before Reversal • The price may be forming a fake breakout (bull trap) before reversing. The suggested path in your chart indicates a minor pullback, followed by a sharp decline. 4. Key Resistance Zone • The price might have hit a major resistance level around 1.09, where sellers could step in, triggering a move downward. 5. Wave Pattern Indication • The projected price path in your chart suggests an Elliott Wave or Wyckoff-style distribution phase before a major drop. 6. Lack of Strong Support Until 1.04 • If the price fails to hold above 1.0750–1.07, there isn’t strong support until the 1.04 level, making it a reasonable target.
Dear traders, are you still wondering how to trade oil? Short or buy? Then take a look at Jack's ideas. Friends who continue to pay attention will know. After issuing a buy order of 62 in the early morning, oil successfully reached the target above 70. This is profit. This is the precision. If you follow it, then you will definitely get the same profit. This is the effect of "exclusive signal". USOIL: Under the influence of the news that the supply line of oil was interrupted, the price of USOIL came above the expected 67. If the position stabilizes, it will continue to hit the position of 68. Of course, the impact of non-agricultural data is also very critical. Combined with the current situation, it is the same as what I expected yesterday. Continue to be long. See if the target around 68.5-68 can be achieved. Keep an eye on the real-time trading opportunities announced in the analysis circle every day. If you want to follow.
AUDUSD has been trending up for a few days now and has decided to retrace to the downside. I believe that it has more room to retrace further down to my target zone.
?♂️ Do You Ever Try Swimming Upstream? Unless you’re doing it for exercise and the strain… You’ll know it’s exhausting. And if you go against the direction of the waves, you’ll get nowhere very slowly—until you either reach the destination or give up. Well, I find that trading against the trend is just as bad. When you trade against the trend – your EGO starts to talk. Your opinions start to enhance, and your irrational mind begins to take over. I feel I need to explain why it’s so dangerous to go against the trend. Let’s dive in. ? Never Force a Trend The worst thing you can do is bottom or top pick a market. What makes you feel that you know the market is about to turn? ❓ Do you have inside information? ❓ Do you have a stronger intuition? ❓ Did you do some crazy future analysis? And what’s the point? Let the market reach its bottom or top, turn around – move a bit in the new direction until you have confirmation. And then POUNCE. You only need 30% of the trend and then close for a profit. ⏳ Patience Pays Off The market moves in cycles. ? Sometimes it’s a roaring bull. ? Other times it’s a sulking bear. ? And other times, it’s a bladdy tortoise – going sideways to Timbuktu. The best thing to do is wait for the market to move from an unfavourable environment into a favourable time for your system and strategy. ? Reassess and wait. There’s no rush in trading. ? Adjust and Act The markets are always evolving. You need to continuously adapt and act on: ? New markets to add ? Old markets to rid of ? Strategy tweaks to improve your win rate ? System considerations to boost winners and cut losses Flexibility within your trading strategy is key. ? Flow with Momentum Ever noticed how surfers ride waves? They don’t fight the ocean; they flow with it. Traders should do the same with market momentum. ? When the market is going up – Go up with it. ? When the market is going down – Go down with it. (I mean short and sell, of course!) ➡️ When the market is moving sideways – Observe, report, and wait for better conditions. Align your trades with the sentiment. Going against the current market mood can be disastrous. ❌ Never Predict Everything you see in the charts and fundamentals is based on past data. So, it’s IMPOSSIBLE to predict with certainty where a market will go. This is why you need risk management rules and stop losses with EVERY trade. You can’t predict, BUT you can probability predict. And that’s the difference between knowing and potential. ? Recap: Trade Smart! ? Never Force a Trend: Be patient and wait for the right market conditions. ? Patience Pays Off: Let the market cycle play out before jumping in. ? Adjust and Act: Regularly review and tweak your strategy with new information. ? Flow with Momentum: Align your trades with the current market sentiment. ? Never Predict: React to market conditions rather than trying to predict them. ? Remember: The best traders ride the waves – not fight them.
https://www.tradingview.com/x/Q1Qktn0K/ waiting to see the resistance area get tested before going on sell looking for pass day lows. Today is Friday usually a sell day and with NFP goin on, we may have a correction of the actual uptrend.
Hello Squad, These next chart updates will all be very quick to the point. BTC.D is going to 58.58 The signal just showed itself... Please Re-Enter for sells at every buyside liquidity take and enjoy profits. Once this trade hits 58.58 we will be updating the trade idea. Thank you humbly your master backtester, DegenJake_
(1/9) Good Morning, folks! ☀️ NSE:NIFTY : Nifty 50 – India’s Market Meltdown or Hidden Gem? Gift Nifty’s at 22,555, down 65 points, and the index is off 13% since October 2024! Is this a crash landing or a golden ticket in disguise? Let’s unpack the chaos! ? (2/9) – PRICE PERFORMANCE ? • Gift Nifty: 22,555, down 65 points (Mar 6, 2025) ? • Recent Trend: 13% drop from Oct 2024 highs ? • Sector Mood: Autos, real estate dragging, per web reports ?️ It’s a bumpy ride, but bargains might be brewing! ? (3/9) – MARKET POSITION ? • Index Weight: 50 top Indian firms, 65% of NSE market cap ? • Scope: Spans 13 sectors, from banks to tech ⏳ • Trend: Bearish streak persists, down 13% since Oct ? Still a heavyweight, but feeling the squeeze! ? (4/9) – KEY DEVELOPMENTS ? • Earnings Slowdown: Growth at 5%, down from 20%+ ? • Macro Woes: U.S. tariffs, trade tensions spook investors ? • Market Vibe: Gift Nifty signals a sour start ? Tough times, but sectors might shine through! ? (5/9) – RISKS IN FOCUS ⚡ • Geopolitics: U.S. tariff threats hit exports ? • Sector Slump: Autos, real estate under pressure ? • Volatility: Bearish trend grips tight ?️ Rough waters ahead, but storms pass! ?️ (6/9) – SWOT: STRENGTHS ? • Diversity: 13 sectors, broad economic play ? • Scale: Tracks India’s biggest players ? • Value: Potentially undervalued, per web buzz ? A battered champ with fight left! ? (7/9) – SWOT: WEAKNESSES & OPPORTUNITIES ⚖️ • Weaknesses: 5% earnings growth, macro drag ? • Opportunities: Sector plays in banks, tech shine ? Can it dodge the punches and rally? ? (8/9) – ?Nifty at 22,555 (Gift), down 13%—your call? ?️ • Bullish: $24K soon, undervalued steal ? • Neutral: Flatline, risks offset ⚖️ • Bearish: $20K next, bears rule ? Vote below! ? (9/9) – FINAL TAKEAWAY ? Nifty’s 13% slide and $116 Gift price signal trouble ?, but undervalued sectors tease upside ?. Volatility’s our mate—dips are DCA fuel ?. Buy low, aim high! Hit or miss?
The DAX (DE40) Index maintains a bullish sentiment, supported by a longer-term uptrend. Recent price action has confirmed a breakout above a key level, but the possibility of a retracement remains, making it crucial to assess both bullish and bearish scenarios. Key Levels to Watch Resistance Levels: 23480, 23600, 23800 Support Levels: 22840, 22480, 22230 Bullish Scenario If DAX sustains price action above the 22480 breakout level, it could signal strong bullish momentum. A successful retest of this level as support may provide a foundation for further upside, with key resistance targets at 23144, followed by 23480 and ultimately 23600 in the longer term. Bearish Scenario A failure to hold above 22480, followed by a confirmed breakdown and daily close below this level, would weaken the bullish outlook. In this scenario, selling pressure could intensify, leading to downside targets at 22230, with further retracement potential toward 21900 over an extended timeframe. Conclusion DAX remains in a bullish structure, but price action around the 22480 level will be critical in determining the next move. A strong hold above this level could reinforce further gains, while a breakdown below it may trigger deeper retracements. Traders should monitor key support and resistance levels closely for confirmation of the next directional move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
https://www.tradingview.com/x/78f62yD8/ Hello, Friends! AUD/CHF pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.557 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅
Dear Traders, Gold Still have Good momentum to continue Upward Movement, i expect price have small correction and continue uptrend to 2935-2940 Area , If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza!