After reaching an all-time high of 45,000, US30 experienced a pullback, retracing to the 61.8% Fibonacci level—aligning perfectly with a key support zone on the weekly timeframe and forming the third touchpoint on the ascending trendline. With market sentiment beginning to ease around the tariff discussions, I’m taking a long position on US30. My stop loss is set just below the weekly candle and beneath the 61.8% Fibonacci level for added protection. I plan to scale into the trade by adding positions on each corrective pullback in line with the bullish structure. Wishing you all a profitable trading session. Stay sharp!
Gold is completing the pullback to 3400 SELL LIMIT 3407 & 3420 sl 3435 TP 3200
Looking for the bullish price action to continue as we get ready to close the week and next week close the month. Watching for support as we move into the killzones. Excess has been created on the DOM and it should continue from here.
USD/JPY has broken out of a strong consolidation range, confirming bullish momentum with a clean breakout and retest of the support zone around 142.50. Price is now trading above this level, indicating potential continuation toward the next major resistance near 149.00. Trade Setup: Entry: 142.80 (after successful breakout and retest) Stop Loss: 139.85 (below recent support structure) Take Profit: 149.00 (major resistance zone) This setup offers a favorable risk-reward ratio and aligns with bullish market structure on the 4H timeframe. Note: For educational purposes only. Always do your own analysis and manage risk accordingly.
looking to get my friends to look at my charts to discuss potential trades
After a rounding bottom where it looked as though the bulls were forming a base, we now see a long bearish red candle hinting at the bears denying a bullish breakout. I wouldn't close positions here, but I would lighten up on longs. Follow me for more simple to understand expert analysis. Thank you for reading. Now get out there and trade! :)
?️♂️ Chart Overview: Instrument: CAD/JPY Chart Type: Candlestick Time Frame: Appears to be intraday (possibly 1H or 4H) EMAs Used: 50 EMA (Red): 102.814 200 EMA (Blue): 102.710 ? Key Zones Identified: 1. Immediate Zone (103.30 - 103.50) Marked as: “Resistance + Support” This is a key decision zone. Price has tested this region multiple times, showing it holds dual roles — a flip zone. Price is currently testing this zone again. A break and retest above could confirm bullish momentum. 2. Upper Resistance Zone (104.80 - 105.50) A broader supply area where previous strong selling pressure occurred. This is the next logical target if price breaks and holds above 103.50. 3. Lower Support (101.29) Strong horizontal support, clearly defined from previous lows. If the price fails to break above the current zone, a rejection could lead to a move back down toward this support. ? Bullish Scenario: Break above 103.50, with a successful retest confirming new support. Momentum could carry price toward the 105.00–105.50 resistance. Supported by 50 EMA crossing above 200 EMA (early sign of bullish crossover — Golden Cross). ? Bearish Scenario: Rejection from the 103.30–103.50 zone could signal continuation of range-bound or bearish pressure. Break below 102.00, followed by momentum towards 101.29 key support. Would invalidate short-term bullish structure. ? Additional Technical Notes: The chart shows consolidation between 102.00 and 103.50 — likely accumulation or re-accumulation phase. EMAs are tightening, indicating a potential volatility expansion move is near. Volume is not visible but would be useful to confirm breakout strength. ?Conclusion: CAD/JPY is currently at a critical decision zone. The next few candles will be key. Monitor: Breakout direction Retest confirmations Momentum and volume indicators (if available)
The EUR/USD pair recently tested a strong resistance zone near 1.13868, which aligns with a previous structure high and supply zone. Price showed clear rejection from this level, indicating potential short-term bearish momentum. Based on this setup, I'm sharing a short trade idea with the following parameters: Entry: 1.1378 (near current market price) Stop Loss: 1.1550 (above resistance zone) Take Profit: 1.0920 (near support area) This provides a risk-reward ratio of over 1:3, making it a favorable setup for risk-managed trades. Note: This is an educational idea. Always do your own analysis and apply proper risk management before entering any trade.
? Chart Analysis Summary 1. Key Zones Resistance Zone: ~$3,340 – $3,360 Price has been rejected multiple times from this area, showing strong selling pressure. Support Zone: ~$3,200 – $3,240 Strong historical support level, previously held during a pullback after the last rally. 2. Moving Averages EMA 50 (Red): Currently at ~$3,340 Price is fluctuating around it, indicating short-term indecision or a possible retest. EMA 200 (Blue): Currently at ~$3,300 Acting as a mid-term support level. Price previously bounced from this region. 3. Pattern and Price Action Fakeout Potential: The chart suggests a possible false breakout above the resistance followed by a sharp drop—highlighted by the arrow. This is a common bull trap setup. Bearish Outlook Indicated: The projected path suggests a rejection from resistance and a drop to the support zone (~$3,200). This would create a lower high, a bearish sign. 4. Trading Bias Bearish Setup if: Price fails to hold above $3,340 (EMA50). Price gets rejected from the resistance zone and breaks below $3,300 (EMA200). Bullish Invalidated if: Price closes convincingly above the $3,360 resistance with volume, flipping it into support. ? Potential Trade Idea Short Entry: Around $3,350–$3,355 Stop Loss: Above $3,365 (above resistance zone) Target: $3,220–$3,230 (support zone)
Bearish Trend on BTC/USDT The BTC/USDT pair is showing bearish momentum as price struggles to hold key support levels. Recent price action suggests lower highs and lower lows, indicating seller dominance.