EUR/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 157.265 area.
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Bearish Patterns
EUR/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are going short on the EUR/CAD with the target of 1.528 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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SELL USDCADUSDCAD Bearish Setup – USD Weakness in Focus
This week, we anticipate USD weakness across the board, with USDCAD positioned for a decline. Short from 1.42932 (Friday’s close), targeting 1.42156 and 1.40938, with stops above 1.43668 (Thursday’s high, expected to hold strong). CPI & PPI data could add volatility, but the broader trend favours the downside.
Use proper risk management.
Best of luck to you all.
USDCHF Confirms Rounded Top ScenarioOANDA:USDCHF is exhibiting a Rounded Top Pattern suggesting further decline is coming
Price is currently Breaking Confirmation of the Pattern
- RSI Below 50
- Bearish Volume Building
Waiting for a Break and Close to Validate a True Breakout
Once Validated, we can look for a Break and Retest Trade Set-up for Shorts from the .898 Area to take down to the Range Target ( .892 - .891 )
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.56400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.56400 support and resistance area.
Trade safe, Joe.
Trade Setup: XRP Short OpportunityMarket Context:
Following Sunday’s full retrace, XRP appears to have set in a complacency bounce. Price action is weakening into mid-range, suggesting a potential short opportunity after one more push higher.
Trade Details:
Entry Zone: $2.70
Take Profit Targets:
$2.10
$1.55
$1.00
Stop Loss: Daily close above $3.10
This setup anticipates further downside once momentum shifts, confirming a clean rejection from resistance. 🔥
GBPUSD Potential DownsidesHey traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.27400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.27400 support and resistance area.
Trade safe, Joe.
bnb sell midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
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Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
USD/CAD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
USD-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.409 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/CAD pair.
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theta sell midterm "🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
Binance Coin (BNB) Market AnalysisRecent Price Action & Breakdown
BNB lost the key $600 support level due to strong selling pressure, dropping 12% over the past week, aligning with the broader market downturn.
The break below $600 signals increased bearish momentum, but BNB has yet to form a lower low, indicating relative strength compared to most altcoins.
Key Support Levels to Watch
If the decline continues, buyers may step in between $550 and $500, with $500 being a historically strong support zone.
Holding above $500 is crucial, as a sustained drop below this level could lead to further downside pressure.
Potential Recovery Scenario
If $500 holds, there remains potential for a recovery, especially if the overall crypto market stabilizes.
A move back above $600 would be a bullish signal, confirming a potential rebound and resumption of BNB’s upward trend.
Conclusion
BNB is at a critical juncture. The $500 support level must hold to avoid a deeper correction.
Despite the drop, BNB shows relative strength compared to most altcoins.
Traders should watch for buying activity around the $500-$550 range, as this could indicate a recovery in the near term.
Ethereum Market Analysis–Bearish Breakdown Signals Further RiskKey Developments & Price Action:
Ethereum lost its key support at $2,400 and has dropped 21% over the past week, following widespread crypto market declines.
ETH is now in a vulnerable position, struggling to find stability after this sharp sell-off.
Critical Support & Downside Risks:
The $2,000 psychological level is crucial—if ETH fails to hold above it, further downside pressure is likely.
The next major support is at $1,800, a level last seen during the 2023 bear market.
A sustained move below $2,000 could confirm a bearish market structure, increasing the probability of continued selling pressure.
Potential Scenarios:
Bullish Case: ETH stabilizes above $2,000 and begins a relief bounce toward $2,200–$2,400, reclaiming lost support levels.
Bearish Case: ETH breaks below $2,000, confirming a deeper correction, with $1,800 as the next downside target.
Market Outlook:
For now, Ethereum remains bearish and requires strong buyer support at $2,000 to avoid a deeper sell-off.
A weekly close below $2,000 would signal further weakness, while a rebound above $2,400 would help regain bullish momentum.
Caution is warranted until ETH confirms a clear bottom formation.
03/03/25 Weekly outlookLast weeks high: $96,500
Last weeks low: $78,297.13
Midpoint: $87,398.56
What a week! In my last weekly outlook I proposed the idea that BTC was coiling up for a big move, the question was "which direction will the move be?" Well we got our answer, after, multiple weeks hovering around the $96K level bitcoin sold off a massive 18% to a low of $78.2k. This sell-off broke the weekly support area of $91K after a full 3 months of holding.
Now that we answered last weeks question I propose a new one, is $91K now a HTF resistance level? To answer that question a look at the weekly chart, despite such a severe sell-off this is not unusual in a bull market, 25-25% corrections happen multiple times during a large bullish trend. To add to that, the weekly close still managed to be above the $91K mini range floor, in essence a giant SFP on the weekly candle and therefore a continuation high would make sense from a TA point of view.
For the bulls the worry would be the inevitable backfilling of the wick on the weekly, for me this comes into play if we have acceptance back below $91K, entirely possible.
On Friday 7th March President Trump is holding a Cryptocurrency summit at the white house, this will include David Sacks (crypto & AI czar), Founders, CEOs and members of the digital assets group. This comes off the back of confirmation of the "Crypto Strategic Reserve" that will contain BTC, ETH, SOL, XRP & ADA and was announced yesterday. I do not believe in coincidences so the timing of this is very interesting to me, to announce this on a weekend with very thin orderbooks and low volume after such a big sell-off had to be done on purpose IMO. The timing would guarantee a swift rally, I also believe the sell-off could be related to this announcement too, if a market maker like the US government has the means to create a more optimal entry, they will do just that.
I could see the market being very cautious up until Friday, the $91K is a key S/R level and will determine if bitcoin backfills the weekly wick or moves up to weekly high.
GBP/USD SHORT FROM RESISTANCE
Hello, Friends!
GBP/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.225 area.
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USD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the USD/JPY with the target of 148.031 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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Gold Price ActionHello Traders!
It's time to focus on Gold . Over the past two months, Gold has been in a strong uptrend , consistently forming Rally Base Rally (RBR) patterns. However, we are now seeing a shift in market structure . The price has recently rejected a new RBR formation and is beginning to create a Drop Base Drop (DBD) pattern.
Trading Strategy:
Swing Traders: This is a good opportunity to open a sell position and hold it as the bearish trend develops.
Day Traders: Follow the daily market direction , but maintain a bearish bias .
Key Points to Remember:
The market is currently bearish . Focus on sell trades only until the market structure changes.
We've seen strong demand over the past two months, but now it's supply's turn .
The USD is strengthening , which supports a bearish gold market .
Tips for Consistent Trading:
Keep your analysis simple . Avoid overcomplicating your charts.
Use multi-timeframe analysis to align your trades with the overall trend .
Avoid overtrading and strictly follow your risk management rules .
Remember, market structures repeat themselves. Stick to the process and trust your strategy.
Wishing you all the best of luck and happy trading! Stay disciplined and trade smart.
Thank you!
CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
CHF/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 165.981 area.
✅LIKE AND COMMENT MY IDEAS✅
GBPUSD Breakout and Potential RetraceHey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.26500 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.26500 support and resistance area.
Trade safe, Joe.