DXY - A Full Breakdown of Buying & Selling OpportunitiesA full breakdown of the US. Dollar Index looking at recent trading opportunities for both those who want to get long or get short.
In this video we'll take a look at the Cypher Pattern, Support & Resistance, Trend Trading, Fibonacci Tools & Psychological Numbers.
If you have any questions about the analysis or want to share your views, please do so below.
Akil
Chart Patterns
Aptos 6X Trade-Numbers (3,558% Potential)Aptos was one of the pairs that helped us identify the bottom early. The low was clearly established 3-February and the rest of the action has been shaky but clearly sideways with higher lows. This one left no room for doubt.
Once we hit bottom, look at the action in August 2024. After the low was in, no new lows. The same for Bitcoin, I was one of those that got caught. Will not make the same mistake.
The time is now. We are bullish now. We are ready for growth and we are going LONG.
After a down-wave comes an up-wave. This is clear. Many pairs are moving ahead. Bitcoin is now trading back above 90K.
Consider this, last week Bitcoin closed at 94K. The week before last, Bitcoin closed at $96K, this week who knows, but green. This means that Bitcoin is ready to continue growing. When Bitcoin grows, the Altcoins explode.
The market needs a relief after strong bearish action. Strong bearish action is present on this chart. The market started to move straight down, market as in APTUSDT, since 5-December 2024, three months ago. Three months is the standard time for a correction to be over.
This is a friendly reminder.
Full trade-numbers below:
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LONG APTUSDT
Leverage: 6X
Entry levels:
1) $6.45
2) $6.20
3) $5.65
Targets:
1) $6.90
2) $7.80
3) $8.95
4) $10.0
5) $11.8
6) $13.6
7) $16.1
8) $19.3
9) $22.9
10) $25.1
11) $28.6
12) $34.4
13) $38.5
14) $43.7
Stop-loss:
Close weekly below $5.40
Potential profits: 3558%
Capital allocation: 4%
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Note: When you are in the green, secure a portion of your profits or secure the trade. When it is still early, pyramiding is possible but don't get carried away. This can be done only at the start of the bullish wave and after conquering a major resistance level.
There are many ways to trade and approach the market. Another option is not to touch anything until you reach your goals, your goal can be 100% just as it can be 1,000%. The choice is yours.
Many ways to approach the market. The most important part is the planning followed by the price and timing. Right now we have the second part covered, timing and pricing. What's your plan?
Thanks a lot for your continued support.
Namaste.
TESLA Can it really reach $900?Tesla / TSLA hit its 1week MA50, having declined by -45% from its December 2024 All Time High.
This is a critical Support junction as besides the 1week MA50, the price hit both the former Falling Resistance and the Rising Support of the April 2024 low.
Last time we saw the exact same pattern was after the March 2020 COVID crash tested the 1week MA50 and rebounded.
The rebound went all the way to just over the 2.0 Fibonacci extension.
This is why we remain bullish on Tesla, targeting $900 (Fibonacci 1.5 extension).
Previous chart:
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DeGRAM | DXY rebound in the channelDXY is in a descending channel below the trend lines.
Price is moving from the lower boundary of the channel.
The chart has formed a harmonic pattern.
On the 4H Timeframe, the indicators are indicating oversold.
We expect a bounce.
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Meta - The Breakout Is About To Be Confirmed!Meta ( NASDAQ:META ) is attempting the breakout:
Click chart above to see the detailed analysis👆🏻
Over the past couple of months, we have been witnessing an incredible rally of about +750% on Meta. Looking at the long term reverse triangle pattern, this rally was not unexpected and such is the breakout. We still need to see confirmation, but then Meta will target the four digit level.
Levels to watch: $700, $1.000
Keep your long term vision,
Philip (BasicTrading)
Gold rebound continues and still has upward trendGold continued to rebound yesterday and gradually strengthened in the European and American markets. It once stood at 2890. So whether we are looking at the return of the bullish trend or the early short correction.
This depends on the definition of the trend. If you see a return to the bullish trend, then today we must see a continued rise. If you see a correction of the bearish trend, the daily single positive rebound today is a decline.
From the perspective of the return market, the rebound in the early morning of Friday continued on Monday, and the daily line turned positive at the high closing, which means that the market is not very weak. The continuation of the rebound indicates that the support below is strong.
Although this wave of retracement and decline is 124 US dollars, it seems to be a large decline, but compared with the previous continuous rise, it can only be regarded as a retracement correction of the bulls, which does not change the overall trend.
If it can rise again today and return to the channel, then we can see the return of the bullish trend, or there will be a second high of 2956. As for whether it can set a new high, we will talk about it at that time.
Gold continued to rebound yesterday and gradually strengthened in the European and American markets. It once stood at 2890. So whether we are looking at the return of the bullish trend or the early short correction.
This depends on the definition of the trend. If you see a return to the bullish trend, then today we must see a continued rise. If you see a correction of the bearish trend, the daily single positive rebound today is a decline.
From the perspective of the return market, the rebound in the early morning of Friday continued on Monday, and the daily line turned positive at the high closing, which means that the market is not very weak. The continuation of the rebound indicates that the support below is strong.
Although this wave of retracement and decline is 124 US dollars, it seems to be a large decline, but compared with the previous continuous rise, it can only be regarded as a retracement correction of the bulls, which does not change the overall trend.
If it can rise again today and return to the channel, then we can see the return of the bullish trend, or there will be a second high of 2956. As for whether it can set a new high, we will talk about it at that time.
XAUUSD: Last push before major correction.Gold is bullish on its 1D technical outlook (RSI = 60.610, MACD = 34.740, ADX = 32.308) as the recent geopolitics and tariff fundamentals are strengthening it as a safe haven. Fundamentals aside, the price is also being guided higher by the technical similarities with the October 2024 pattern. As you can see, it was after an identical Cup and Handle pattern that bottomed on the 4H MA200 that initiated a Channel Up to the 2.0 Fib extension that completed a +18.50% rise. Long, TP = 3,050.
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EUR USD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE.This is a 1-hour chart of EUR/USD (Euro/US Dollar) from TradingView, showing a potential short (sell) setup. Here’s what it indicates:
1. Uptrend Channel – The price has been moving in a strong bullish trend within the blue ascending channel.
2. Potential Reversal Zone – The price has reached a key resistance level near 1.08730, marked by the red zone (potential stop-loss area).
3. Short Setup – The trader expects a bearish move, as shown by the blue arrows, targeting a drop toward 1.04812 (marked by the black horizontal line).
4. Risk-Reward Balance – The red area represents the stop-loss zone, while the green area is the expected profit target.
This suggests the trader is anticipating a trend reversal or pullback after an extended bullish run. Do you want to share this setup on your channel?
Bitcoin may rebound up from buyer zone check out and read BTC/USD Bullish Outlook: Potential Rebound from Buyer Zone"
Bitcoin is showing signs of strength as it approaches a key buyer zone. Holding above this level could trigger a strong rebound, with upside targets at key resistance levels. A breakout above confirms bullish momentum, supporting further gains.
Polkadot 8X Trade-Numbers (6,280% Potential)One is theory, the other one is practice.
One is the analysis and the other one the numbers.
Technical analysis and trading numbers.
Here we go again with Polkadot (DOTUSDT). This time around we are not focusing on the analysis but the full trade-numbers for a leveraged trade. Still, let's consider the chart briefly and what it has to say.
The black lines... Previously, the black lines showed the drop and the incoming bear-market. High prices and All-Time High = bearish. A long-term double-top, the highest ever, led to the strongest ever bear-market.
Now, the black lines signal support. The market bottom. All-Time Lows and bottom prices = bullish. A long-term accumulation phase with higher lows will kick off the next bullish market. We are in, we are live and we are green.
The market moves in cycles and within this cycles we have waves...
We are going from a neutral, sideways market to a bullish market. The neutral sideways market produces the same highs and the same lows. The bullish market will produce higher highs and higher lows. This is were we are going next.
Notice that we use lower targets for the leveraged trades compared to spot trades. This is because leverage carries higher risk. We are happy with a win and with big profits but not greedy. In this market, greed will get you killed. Financially speaking.
Full trade-numbers below:
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LONG DOTUSDT
Leverage: 8X
Entry levels:
1) $4.60
2) $4.30
3) $4.40
Targets:
1) $4.92
2) $5.62
3) $6.77
4) $7.70
5) $8.63
6) $9.96
7) $11.6
8) $14.66
9) $16.52
10) $19.53
11) $21.68
12) $24.41
13) $32.30
14) $40.19
Stop-loss:
Close weekly below $4.00
Potential profits: 6280%
Capital allocation: 4%
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Disclaimer: I love you and I am deeply grateful for your continued support.
You are a diving human being, you can do whatever you want.
It is your life, it is your body, it is your money, it is your soul.
Trade, drink, eat, sleep; it is your choice.
Namaste.
Is gold back in the bull market?Gold fell and then quickly pulled up. Pay attention to the first support level of 2900, the second support level of 2887, and the long-short watershed of 2860-2870. Currently, gold is close to the first support level. Keep the range operation, high-short and low-long, and participate cautiously in the middle position.
Heading into overlap resistance?The Kiwi (NZD/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support.
Pivot: 0.5693
1st Support: 0.5633
1st Resistance: 0.5732
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NASDAQ hit its 1D MA200. Strongest buy signal in 2 years!Nasdaq (NDX) hit today its 1D MA200 (orange trend-line) for the first time in 7 months (since the August 05 2024 Low) with its 1D RSI almost oversold (below 30.00). In the past 2 years (since the March 10 2023 test), the 1D MA200 has been tested another 3 times, all of which have been the absolute technical buy entries, kick-starting enormous rallies.
On top of that, the price is close to the bottom (Higher Lows trend-line) of the long-term Channel Up that started on the December 2022 market bottom. Every rally that followed after a 1D MA200 test has been marginally weaker than the previous but all three have been around +30% on average. The last one has been +27.61%, which is -3% weaker than the previous.
As a result, we are expecting a new rally to start now as all buy conditions within a 2-year span have been met (1D MA200, oversold 1D RSI) that can target 24500, which represents a +24.00% rally (-3% shorter rise than the previous).
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Bearish drop?Dow Jones (US30) is rising towards the pivot which acts as an overlap resistance and could drop to the pullback support.
Pivot: 43,026.07
1st Support: 42,138.59
1st Resistance: 43,672.97
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURUSD Channel Up testing 1D MA200 after 4 months!The EURUSD pair has been trading within a Channel Up since the January 13 Low and after the 1D MA50 (blue trend-line) bounce, the current Bullish Leg is testing the 1D MA200 (orange trend-line).
This is the first 1D MA200 test since November 06 2024 and happens to be at the top of the Channel Up with the 1D RSI almost overbought (70.00). These conditions create a low risk opportunity for a short-term Sell. Our Target is the bottom of the Channel Up and the 1D MA50 at 1.04500.
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GBPCHF: Resistance Zone Tested, What's Next?GBPCHF: Resistance Zone Tested, What's Next?
GBP/CHF: The pair has been fluctuating within a range trading pattern for several days.
Both currencies remain strong, influenced by different factors. The Swiss Franc (CHF), known as a safe-haven currency, continues to maintain its status.
Given that GBP/CHF has already tested a strong resistance zone near the top, there is a possibility that the pair could move down again to the 1.1310 level.
Let's observe how the price action develops this time.
You may find more details in the chart!
Thank you and Good Luck!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD (XAUUSD): Intraday Bullish ConfirmationAfter a breakthrough of a significant horizontal resistance level, On retesting it 📈GOLD formed a symmetrical triangle pattern on an hourly chart.
A bullish violation of the resistance line is a crucial intraday confirmation of bullish sentiment and the strength of buyers.
It is likely that we will see a rise in price to at least 2930.
Bitcoin Daily: MA200 Beautiful Recovery, Higher Prices ConfirmedMA200 has been confirmed as support. It was challenged twice on a wick but the close happened much higher...
Good afternoon my fellow trader, we have some really good dynamics developing today.
Crypto is bullish. Bitcoin is bullish and the Altcoins are moving up. Slowly but surely but that's how we get into long-term growth. A long-term bullish phase tends to start slowly, it takes time to develop, but once momentum grows the rising wave can last many months. In previous bullish moves all the growth was compressed within 30 days. That is, 1-2 months of consolidation and then another month for the final advance. Now it will be different. The final advance can last anywhere between 2-4 months. It will be awesome.
Bitcoin is producing a very beautiful and strong recovery. It is my pleasure to say that we are all on the same page now, we can all agree; Bitcoin is going up.
This is a short-term view, zoomed-in, a rising triangle with the next target being $97,700 follow by $103,000. There will be more growth for sure. We have the full trade numbers with 10X in a previous publication. This is will be a long-term trade for those interested in Bitcoin with lev.
It is still early. Bitcoin is a great buy below 90K, also below 100K based on the long-term. Bitcoin will never move below 80K. This is very unlikely. Most likely, we will see growth daily, for months, and then some more.
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If you agree, comment.
If you disagree, comment again. Your views and opinions are very important, share them with the rest of us. We can learn from each other, and, after all, we are here to learn.
Namaste.
Gold Trading SignalsTechnical analysis of gold: Yesterday, gold showed a more complicated trend. The price remained volatile below $2,895 during the Asian session. Entering the European session, the market saw a key turning point. The price successfully held the long-short watershed of $2,880-2,878 and quickly broke through $2,895. Subsequently, the bulls exerted their strength and pushed the price up sharply. During the U.S. session, the price of gold rose slightly, touching the high of $2,930 last Wednesday, and then came under pressure. It then plunged and the price fell back to $2,900, but then rebounded again. In the end, the daily line closed with a large positive line, and the closing price was around $2,916. The daily line showed a trend of two consecutive positive lines. In view of the frequent alternation of positive and negative gold price trends in recent times, today we need to focus on whether the price turns negative.
From the analysis of the market situation, gold has risen sharply for two consecutive days after experiencing a sharp drop last week, and has now retreated to the counter-pressure level formed by the trend support of $2614. This is the first time that this retracement position has been touched, and it is still necessary to focus on whether the market will rise and fall. At the same time, the pressure in the high point area yesterday cannot be ignored. If the price is under pressure here, it is expected to usher in an adjustment; and once it breaks upward, the bullish rally is expected to accelerate further, and the target may be to break through the historical high of $2956. The low point of $2900-2905 formed during the US trading session has become a key support level. If this area is broken, a second decline may begin, and the price will gradually fall back to $2880-2885, $2860-2855 and near the low point of last Friday; if the bulls can hold this support level, there is a high probability that it will continue to break upward after high-level fluctuations. In addition, judging from the opening situation today, the rebound high of $2920 in the early morning has become a short-term pressure level. In terms of today's operation, short selling is suppressed by the trend counter-pressure line and yesterday's high point. Aggressive participation is based on the early morning high of 2920. Pay attention to the break of 2900 below. Consider adding positions if it breaks below. If it breaks upward, follow the trend and focus on the impact of 2945 and the historical high. Overall, I suggest that the short-term operation of gold today is mainly long on pullbacks, supplemented by short selling on rebounds. The short-term focus on the upper side is the 2922-2927 line of resistance, and the short-term focus on the lower side is the 2895-2890 line of support.
NASDAQ: 4H Death Cross always signals a rally.Nasdaq in bearish on its 1D technical outlook (RSI = 38.073, MACD = -289.260, ADX = 41.209) as the mid February bearish wave hit the bottom of the September Channel Up. The formation of a Death Cross on the 4H timeframe has favored buying inside this pattern. In the meantime, the 4H RSI has been rising while the price was correcting, indicating the presence of a Bullish Divergence. Buy and aim for another +16% rise (TP = 23,200).
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POL: Key Support Holding or Deeper Correction Ahead?POL: From a price perspective, the pullback into support between $0.186 and $0.357 aligns well with the idea of a fourth wave within a larger upside impulse. However, the prolonged nature of this retracement reduces confidence in that outlook. Given the complexity of the correction and the broader position within the crypto cycle, a break of support and a deeper correction remain plausible. In that scenario, a test of the $0.023 - $0.065 region could come into play. It may be prudent to wait for a clear confirmation of a local low before turning bullish on this chart again.