GBP/USD at the Crossroads: Rejection or Breakout? GBP/USD
Price just pushed up into a key resistance zone around 1.2775, tapping into that area but showing some hesitation. This level aligns with a previous high and a major trendline rejection, which could signal a potential pullback or even a reversal if sellers step in heavy. The 200-day EMA is sitting slightly above at 1.2784, so we gotta watch how price reacts—either it breaks and holds above for continuation, or we get a clean rejection that sets up a short opportunity.
Bearish Setup: If price fails to break and hold above 1.2780, I’ll be looking to sell, targeting 1.2716 first, then potentially down to 1.2505 if momentum kicks in. Confirmation would come with a strong bearish candle or a break back below the previous structure.
Bullish Setup: If price breaks and holds above 1.2785 with momentum, then we could be headed for 1.3016 and beyond. I’d be looking for a clean breakout with a retest before jumping in long.
🔥 My Bias? Right now, I’m leaning bearish unless buyers step in aggressively and break that resistance clean. If I see a strong rejection, I’m jumping in for the short ride down.
Chart Patterns
The Cumulative Case for the BTC Bear Let's do a full top down analysis. There's a lot of chatter about this and that why BTC is rallying and selling, but let's take a step back and look at the full context of the TA.
Because here a simple bit of logic - if the TA forecasts were drawing the chart before the news, the news is not as important at the TA. The thing that has already told you what would come is the logical thing to use to attempt to roadmap what might be ahead.
And it was a foreseeable technical break.
That was a basic Elliot forecast off a butterfly high and this is correct within a small margin of error on every swing.
Not only is it getting the top and the bottom, it is also getting the correct style the swings are in.
We'll look more at that later but first let's just zoom out and take a overall view of where we are.
All of the main action in BTC over the last 6 months or so has been inside the zone of the 1.27 - 1.61 of the last major swing.
When we're in this zone we can typically map out three main moves that are likely to happen. One is a breakout upwards, one is a correction and then an uptrend and one is a market break. A trend failure. Full reversal of the trend.
Heading into this area, any of these three things are fair game. It's wise to be prepare for all of these whenever you get to a major 161 level. A trend decision will be made there.
As you can see from the 3 paths proposed, the bull breakout obviously failed. The corrective move would be predicted to end around 80K and it pending failure now and the bear move currently looks most fitting.
Using simple PA has its limitations but if we were to sell hard from here ... it could hardly be said to be unexpected from the context of the monthly chart. Right?
In the original Elliot thesis when we got into the latter end of the break leg there were a couple things we could look for. One would be a spike out to a predictable level (wave 5) and the other would be a correction to a predictable level and in a predictable style (ABC correction).
These would have been 77K - 93K. Here's the post about that before the low was made.
There should be parabolic action in a two leg correction for the ABC.
That would look like this.
From here the market would have to do three things.
One, stop rallying. Seemingly inexplicably. It seems to have only one way it can go but it goes the other.
Second is we have to make the drop in the Elliot manner with a break, pullback and then a bigger break.
We have this.
Notice how this little rally move is marked into the template for the rally and drop.
These conditions would now imply we're inside of a bigger wave 3.
And a big wave 3 predicts a capitulation which would be no less than 50% off the high and I currently feel we're probably talking more like it hitting 45K or so before a bounce.
Nothing to say that bounce would have to be the low.
It's a good time to consider your risk exposure to a break in my opinion.
INTC - Basing out for LEAP'sI have liked this chart for "too" long.
Long term basing out, almost gave up the bag near that $18 area, but doubled up on a few leaps and some shares.
Seems to be breaking out of the downtrend, and now retesting the trend line...
Would rather go with price levels here vs over shooting a trend line...
$18 - $20 this week?
I'm only accumulating shares, and swing trading option positions several months out for safety.
I'm not sure on day trading the stock on short term options.
Bullish rebound off pullback support?USO/USD is reacting off the support level which is a pullback support that aligns with the 161.8% Fibonacci extension and could rise from this level to our take profit.
Entry: 67.16
Why we like it:
There is a pullback support level that lines up with the 161.8% Fibonacci extension.
Stop loss: 65.80
Why we like it:
There is a pullback support level that lines up with the 100% Fibonacci projection.
Take profit: 69.33
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
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US30 Analysis: Demand Zone Rejection – Reversal Incoming? The Dow Jones (US30) is experiencing high volatility as investors digest recent economic data and Federal Reserve statements. The latest U.S. ISM Services PMI came in stronger than expected, signaling economic resilience 📊, but concerns remain about inflation and the Fed’s next move on interest rates 💰.
🔹 Key Market Drivers:
✅ Federal Reserve Rate Decision – Hawkish or Dovish? 🏦
✅ Upcoming NFP Data – Job growth impact on the index 📉📈
✅ Bond Yields & USD Strength – Affecting institutional risk appetite 💵
With economic uncertainty still in play, traders are looking for key structural levels to position themselves in the market.
🔍 Technical Analysis (1H Chart)
US30 is reacting from a strong demand zone (42,400 - 42,500), showing a possible reversal after a liquidity grab below recent lows.
📊 Key Observations:
🔹 Break of Structure (BoS) at the lows, signaling potential bullish momentum ✅
🔹 Change of Character (ChoCh) – Early signs of a shift from bearish to bullish 📈
🔹 Premium/Discount Zone – Price is in a discounted area, offering potential long entries 💰
🔹 Liquidity Sweep – Stops taken out before an impulsive move upward 🚀
🎯 Trade Setup & Targets:
📍 Bullish Bias: Looking for long entries from the 42,400 - 42,500 demand zone
🎯 First Target: 43,112 (mid-range resistance)
🎯 Second Target: 43,858 (supply zone)
🚨 Invalidation: Below 42,400 – If price breaks lower, expect further downside
💡 Confluence: The combination of smart money concepts (BoS, ChoCh, liquidity grab) and fundamental factors supports a potential bullish reversal. Traders should watch price action closely and confirm momentum before entering.
👀 Final Thoughts
US30 is showing signs of demand zone strength, but macroeconomic risks remain. Traders should stay cautious and monitor how price reacts at key levels. A confirmed break above 43,112 could fuel a rally toward 43,858 and beyond.
📊 How are you trading US30 this week? Bullish or Bearish? Let’s discuss below! ⬇️🔥
Solana 10X Trade-Numbers (3,810% Potential)Buy when prices are low. Sell when prices are high.
Sell at resistance. Buy at support.
Solana right now is trading at long-term support. The same support range that has been active and valid since April 2024. This support was challenged many times and always holds. —Buy at resistance, sell at support.
This is a great setup, great price, great timing. Risk still exist though.
Leveraged trading is high risk and for experts only.
I am wishing great profits and good luck.
—Full trade-numbers below:
_____
LONG SOLUSDT
Leverage: 10X
Entry levels:
1) $140
2) $135
3) $130
4) $125
Targets:
1) $188
2) $195
3) $210
4) $234
5) $249
6) $273
7) $312
8) $340
9) $375
10) $477
11) $575
12) $664
Stop-loss:
Close weekly below $125
Potential profits: 3810%
Capital allocation: 5%
_____
Thanks a lot for your continued support.
Namaste.
NZDUSD Analysis Today: Technical and Order Flow !In this video I will be sharing my NZDUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
Heading into resistance?NZD/JPY is rising towards the pivot and could reverse to the 1st support.
Pivot: 85.23
1st Support: 83.78
1st Resistance: 85.70
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Just In: Cardano ($ADA) Broke Out of a Falling Wedge Surge 10% The renown altcoin that is known to move in tandem with CRYPTOCAP:XRP saw a noteworthy uptick in price with the native asset surging 10% amidst breaking out of a falling wedge pattern. With the RSI at 57 are we going to witness a lip to the $1 pivot or beyond?
Presently, CRYPTOCAP:ADA is trading within the trendline of the wedge a small thrust above the resistance could be the catalyst CRYPTOCAP:ADA needs to cement a move to $2.
What Is Cardano (ADA)?
Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change. The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.
Cardano Price Live Data
The live Cardano price today is $0.936263 USD with a 24-hour trading volume of $5,369,546,196 USD. We update our ADA to USD price in real-time. Cardano is up 8.62% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $32,968,087,133 USD. It has a circulating supply of 35,212,423,444 ADA coins and a max. supply of 45,000,000,000 ADA coins.
NVDA Falling Wedge Pattern Setup after retestAnother falling wedge pattern has formed on NVDA's hourly chart, with price action contained between two converging downward trendlines. The stock shows a potential bullish reversal setup after testing major support at 109. Volume has been declining during the pattern formation, which is why a falling wedge. Pull back to retest upper trendline.
SL at 108 1st target 131
XAU/USD : 1000 Pips Down from ATH, What's Next? (READ CAPTION)By analyzing the gold chart on the one-hour timeframe, we can see that the price, based on the previous analysis, managed to rise by nearly 200 pips but then started to decline from the $2894 zone. Today, we witnessed a price correction down to $2859.
This week, gold has experienced a 3.5% correction from its all-time high, with a decline of over 1000 pips. Currently, gold is trading around $2860.
The attractive SELL zones are $2894, $2900, and $2906.
The attractive BUY zones are $2820, $2833, and $2845.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Can NFP trigger gold prices?Market news:
In early Asian trading on Wednesday (March 5), spot gold fluctuated narrowly at high levels and is currently trading around $2,907/ounce. Against the backdrop of escalating trade conflicts after US President Trump imposed new tariffs, the US dollar weakened to a nearly three-month low, and safe-haven demand increased, pushing London gold prices up 0.84% (about $24) to $2,917/ounce on Tuesday, with an intraday high of $2,927/ounce, marking two consecutive trading days of gains. Trade conflicts have escalated after US President Donald Trump imposed new tariffs. Driven by a weaker dollar and increased safe-haven demand, international gold prices have risen again. So far this year, gold prices have risen by nearly 11% and hit an all-time high of $2,956/ounce on February 24. Trump's tariff policy continues to drive inflation expectations while weakening economic growth expectations, and real yields continue to decline. The next non-farm payrolls (NFP) and consumer price index (CPI) reports will have a key impact on the market. If the data shows that inflation is increasing, it may lead to a decline in international gold prices, as the market may reduce expectations for the Fed's rate cuts. In addition, investors need to pay close attention to changes in the international trade situation. The latest news shows that the United States may ease its attitude towards tariffs. The rebound of U.S. stock index futures in early trading on Wednesday may weaken the safe-haven buying of gold, which is expected to provide short-term opportunities for gold bears.
Technical Review:
From the perspective of the gold daily line, the market bottomed out and rebounded last Friday, and continued to rebound yesterday, Monday, closing with a real big positive line. The bottom fractal has been closed in the form, and the market is bullish today. The current highest price has reached around 2927. Now the K line has recovered the 5-day moving average and broken through the middle track and 10-day moving average resistance! Yesterday’s daily line continued to close with a real big positive line, so the bulls returned strongly and tested the 2956 resistance again today. If the closing line returns to below the 10-day moving average, the market will fluctuate, but the MACD indicator double line is still in the process of dead cross operation, and the MA5 moving average is still running downward, which does not have a supporting effect, suggesting that the adjustment process may not be over yet, and chasing highs needs to be cautious. In the 4-hour chart, yesterday’s wave of consecutive positive rises broke through the middle track pressure, and the price retreated in the late trading to confirm that the middle track support closed at a high level. After a narrow consolidation in the Asian session today, Europe continued to move higher, and the previous resistance was gradually broken. The bulls regained control of the situation. At present, the Bollinger Bands are opening upward, and the MACD golden cross is diverging upward. The kinetic energy of the red column is gradually increasing, indicating that the current trend is in a strong position, and the operation is mainly bullish.
Today's analysis:
Gold has risen in the past two days due to risk aversion, but gold has begun to fall under pressure at the 2927 line. Gold bears have begun to exert their strength again. If risk aversion is alleviated, gold bears will make a comeback. Gold rebounded below 2927 in the early trading and continued to be shorted. Gold rebounded above 2920 and can continue to be shorted. Gold's 1-hour moving average is now starting to diverge upward, but gold has begun to rise and fall. In addition, there are many data in the second half of this week, and the shape of the gold moving average is very easy to change. Gold rebounded near 2920 overnight and continued to fall under pressure. The rebound in the early trading continued to be shorted!
Operation ideas:
Short-term gold 2896-2899 buy, stop loss 2887, target 2920-2930;
Short-term gold 2923-2927 sell, stop loss 2935, target 2900-2890;
Key points:
First support level: 2903, second support level: 2886, third support level: 2873
First resistance level: 2928, second resistance level: 2936, third resistance level: 2948
Nvidia’s Sharp Decline: Market Turbulence or Buy Opportunity?Nvidia ( NASDAQ:NVDA ) shares took a steep dive on Monday, falling nearly 9% after former President Donald Trump confirmed that tariffs on imports from Canada and Mexico will take effect on Tuesday. This sharp drop contributed to broader market weakness, with the Dow tumbling 800 points (-1.8%) and the Nasdaq Composite sliding over 3%.
Despite Nvidia’s recent earnings beat, its stock has fallen over 13% since last Wednesday, erasing its $3 trillion market cap and bringing its valuation down to $2.79 trillion. However, Tuesday’s trading session saw a notable rebound, with NASDAQ:NVDA gaining 3% as buying pressure returned. Given the technical setup and macroeconomic factors at play, is Nvidia poised for a comeback?
Tariff Fears and Supply Chain Scrutiny
Nvidia’s revenue surged 78% year-over-year to $39.33 billion in its latest earnings report, surpassing analysts’ expectations. However, investor sentiment remains cautious due to the uncertainty surrounding new trade tariffs.
Trump’s 25% tariff on imports from Mexico and Canada could impact Nvidia’s supply chain. While most of Nvidia’s chips are manufactured in Taiwan, other high-end components and full computing systems are assembled in Mexico and the U.S., making them subject to the new duties.
Technical Analysis
Despite Monday’s sharp sell-off, Tuesday’s market session saw a 4% bounce, signaling potential recovery. Key technical indicators suggest a possible shift in momentum. Nvidia’s relative strength index (RSI) has dipped close to oversold territory, suggesting the stock may be due for a reversal. NASDAQ:NVDA is trading at levels last seen in September, a historically strong support area that could trigger buying interest.
With traders digesting tariff implications and market conditions stabilizing, Nvidia could see a short-term bounce if momentum continues.
(BTC/USD) 1-hour chart, showing a potential bullish setup.(BTC/USD) 1-hour chart, showing a potential bullish setup.
Key Highlights:
• Entry Zone: A pink-colored box indicating a potential buying area between 86,123 - 88,163.
• Support Levels:
• Major Support: Around 84,716
• Additional Support: Near 86,560
• Resistance Levels & Targets:
• First Target: Around 90,288
• Final Target: 94,416
• Key Resistance: 93,534 - 94,376 zone
• Trend & Projection:
• BTC appears to be forming a higher low, signaling a potential bullish reversal.
• A breakout above 90,288 could lead to further upside movement towards 94,416.
This chart suggests a long position could be considered if the price holds above the entry zone and starts moving upward.
Target Corporation (NYSE:TGT) To Report Earnings Before the BellTarget Corporation (NYSE: NYSE:TGT ) a company that operates as a general merchandise retailer in the United States is set to report earnings on Tuesday, March 4, 2025, before market open. In like of that manner, NYSE:TGT shares surge 2.27% in Tuesday's premarket trading.
With the 1-month low acting as a support point, in the case of a pullback the 1-month low seems strong enough to hold off sellers. With the RSI at 40, a bullish reversal could be feasible in the case of a favourable earnings outlook.
Financial Performance
In 2023, Target's revenue was $107.41 billion, a decrease of -1.57% compared to the previous year's $109.12 billion. Earnings were $4.14 billion, an increase of 48.85%.
Analyst Forecast
According to 31 analysts, the average rating for TGT stock is "Buy." The 12-month stock price forecast is $159.45, which is an increase of 32.04% from the latest price.
Gold (XAUUSD) Breakout Setup – Targeting $3,014Gold is showing strong bullish momentum on the 1H timeframe, forming a breakout structure with a well-defined resistance and support zone.
Key Levels:
📌 Resistance: Around $2,940 (previous rejection zone)
📌 Support: Around $2,900 (previous consolidation zone)
📌 Target: $3,014 (+3.16% move)
Technical Analysis:
🔹 Gold recently broke out of a bullish flag pattern after a strong uptrend.
🔹 Price successfully retested the support zone and is now pushing higher.
🔹 A breakout above $2,940 could trigger a sharp rally towards the $3,014 target.
🔹 Volume confirmation and strong momentum support further upside potential.
Trade Plan:
✅ Long above $2,940 with a target of $3,014
❌ Stop-loss below $2,900 to protect against fake breakouts
Gold remains bullish, and if the price holds above the breakout zone, we could see a strong move higher! 🚀