CAD/CHF (Trade Recap), AUD/JPY Short, NZD/JPY Short and EUR/JPYAUD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Short
Minimum entry requirements:
• If tight 15 min continuation forms, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/JPY Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Community ideas
Potential fast profit opportunity $GFIUSDLadies and gentlemen, I am suggesting a potential buy of the goldfinch protocol at about $1.395. This is one of my personal alerts, something I would absolutely buy into if I were more liquid, but I think I will be unable to unless the position I am currently in reaches my target before this one drops any farther, which is an entirely possible event, but I thought I would bring this to your attention regardless. Take a look, I would absolutely do this personally, and absolutely will if it's feasible. I'm currently waiting for my target in COINBASE:MOVEUSD
Trade at your own risk, just sharing out of the goodness of my heart. This is not investment advice, but maybe we can be friends🤷🏼♂️
Also, I would suggest a potential selling point of $1.98, but maybe much higher depending on what you're working with and what your own analysis would suggest… I however am a day trader, I like these small little moves - in and out, onto the next thing. That's not to say I don't invest sometimes, but this is all the time I have for this one.
CRYPTO:GFIUSD
US30 Still Bearish and will likely fall to 43300US30 failed to stay above the 43800 support Line causing price to be stalled between 43800 resistance area and 43500 support area. This is a very week support area and price will likely gravitate to the 43500 line by tomorrow so an intraday short is an idea to consider. Price is nicely falling within the trend channel and shows no immediate or on coming sign of recovering.
Short- Look to take a short to 43500 TP1 or 43300 TP2
Good Trading.
NZDJPY FORECASTThis is the pair that I look for today! It one of the higher probability setups that we have early on this week. When I look the higher timeframe and the 4H, I get the message that this is the first big structure since price broke all potential lows. Price broke above the highs of the correction which shows that liquidity has been grabed and price is ready for the move to the downside. Let's look it with a close eye!
BUY NZDJPY - How to spot high probability set upsTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Cup & Handle Pattern TutorialA cup and handle pattern is a bullish continuation pattern that signals a potential upward price movement after a consolidation period. Here's a breakdown of its key components:
Cup: The pattern starts with a downward move in price, forming a rounded bottom (the "cup"). The price then rallies back up to the level where it began, creating a U-shape.
Handle: After the cup forms, the price pulls back downward in a smaller, rounded formation (the "handle"). This handle is typically a consolidation period before the price resumes its upward trend.
Win Rate
The cup and handle pattern is known for its high reliability and success rate. Research shows that it has a 95% success rate in bull markets and an average profit of around 54%. However, it's important to follow strict trading rules to achieve these results
Inverse Head & Shoulder Tutorial An inverse head and shoulders pattern is the opposite of the head and shoulders pattern and signals a potential bullish reversal from a downtrend to an uptrend. Here's a breakdown of its key components:
Left Shoulder: The price falls to a trough and then rises back to a resistance level.
Head: The price falls again to a lower trough and then rises back to the same resistance level.
Right Shoulder: The price falls again but only to the level of the first trough, then rises once more.
The pattern gets its name because it resembles an upside-down head with shoulders on either side. The neckline is the resistance level connecting the highest points of each peak.
Types of Inverse Head and Shoulders Patterns
Inverse Head and Shoulders Bottom: This pattern signals a potential reversal from a bearish trend to a bullish trend.
How to Trade It
Breakout Confirmation: The pattern is confirmed when the price breaks above the neckline in an inverse head and shoulders bottom.
Entry Point: Traders often enter a long position when the neckline is broken in an inverse head and shoulders bottom.
USDCHFhe united state dollar trading below parity against Swiss franc at 0.88 zone, the Swiss National Bank recently cut interest rates by 50 basis points, instead of 25 as anticipated.
this week fundamental analysis could Favour and support the dollar index get on track, our target is parity on the bullish rally
Market Crash - Meme Stock ManiaMeme stock mania started with GME in 2021 and it has marked the top in the Nasdaq nearly every single time. I talked about the BBBY squeeze in 2022 and GME throughout the years. I've seen this happen over and over, it doesn't have to repeat, but this yet another strong confirmation of a top.
EURAUDEURAUD on weekly time frame we can see the drop of EURAUD from 2.014 zone on the exchange market to trade at 1.65 zone, EURO monetary policies should be blamed as Australian dollars gets stronger across all window.
Our long confirmation will be on the break of descending trendline where we look to go long on bullish impulse from the current demand floor that have kept bullish momentum since 2022.
Not looking for drama!As the S&P 500 gets ready for the Fed announcement on Wednesday regarding a potential decrease in the Fed funds rate a dramatic move on Tuesday would not be expected without new information to stimulate the market. I am looking for a sideways the only slightly higher movement on Tuesday.
FET touching the long term support line in both USDT & BTC pairYou can see a clear longterm trend in FET charts. Now touching the trend line.
It's also a low cap AI coin, so it's very likely to continue the trend and grow after the high-caps.
It needs more analysis on the volume and RSI which I can not do.
LINK | ALTCOINS | Chainlink pushes towards 40$Link has seen some great increases after another bump on BTC.
It's likely that this will lead to another mini-cycle, and push the price of Chainlink even higher towards 40$ which is the next major resistance mark.
I'm especially optimistic for Link and other alts once Ethereum has made a new ATH. More on that thought here:
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BINANCE:LINKUSDT
Cardano - Starting The 10x Parabolic Rally!Cardano ( CRYPTO:ADAUSD ) is perfectly following the break and retest:
Click chart above to see the detailed analysis👆🏻
With an incredible +200% pump in November, Cardano is finally coming back to life after creating the bullish double bottom break and retest just a couple of months ago. Looking at previous cycles, this seems to be just the beginning of another +3.000 rally.
Levels to watch: $3.0, $10.0
Keep your long term vision,
Philip (BasicTrading)
US30 in consolidation patter but will likely fall someUS30 is showing resilliance at support level 43700 with the entire day hovering on or around that support line. Price is currently within the trend line channel and and therefore would have to consolidate above that support area in order to maintain its levels. If price within the next 8 hours does not recover above the current support line it will likely fall some more. The next support level is at 43500. Look to short the US30 from a retest of the current support line to at least 43500. Make sure to set your TPs properly because it will be a fast fall to a rebound when it does.
Follow me for more insights. Comment below for questions.
Micron Technology - This Stock Will Double Soon!Micron Technology ( NASDAQ:MU ) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
After we saw a test of the resistance trendline on Micron Technology a couple of months ago, it was quite likely that we will eventually retest the previous all time high. This structure is now acting as massive support and together with the rising trendline, we will see a bullish rejection.
Levels to watch: $90, $180
Keep your long term vision,
Philip (BasicTrading)
Is Gold About to Make a Big Move?Here’s What to Watch:
If Gold Breaks Above $2,721:
We could see it climb to $2,900 or even $3,000!
If Gold Drops Below $2,600:
It might fall to $2,500 or even $2,400 before finding support and bouncing back.
The Upside:
If gold pushes past $2,721 and holds strong, it could mean big gains ahead. Keep an eye out for a run toward $3,000, but watch for pullbacks near that level.
The Downside:
A drop below $2,600 could mean trouble in the short term, with possible dips to $2,500 and $2,400. These levels might give gold a chance to settle before making its next move higher.
Wellness Tip:
Trading can be stressful, so don’t forget to take a break! A quick 5-minute breathing exercise can work wonders—breathe in for 4 seconds, hold for 4 seconds, and exhale for 4 seconds. This helps clear your mind and keep you focused.
Kris/ Mindbloome Exchange
Trade What You See
Micron (MU) is Heating Up! Breakout at $114.52 and Soar UP Key Levels to Watch:
Breakout Level: $114.52
Retracement Target: $122
Major Resistance Levels:
First Target: $140
Final Target: $170
What to Expect:
If MU can break and close above $114.52, we could see a retracement to $122, creating a solid base for the next leg up. Once it clears $140, the path to $170 becomes much clearer. This level will be critical for the bulls, and if it’s breached, MU could be in for an exciting run!
Kris/ Mindbloome Exchange
Trade What You See