Chart Patterns
GBP/JPY SELL IDEA (R:R=4.8)I just placed a sell order for GBP/JPY at 191.700. We have a wonderful X BAT that just formed on the 1 HOUR chart.
Please trade with proper risk management, since we have news announcements coming out at 8:15 AM EST today.
ADP Non-Farm Employment Change
Stop Loss: 192.368 (Daily High)
Take Profit: 188.450
Happy Trading!
EUR/USD: The Overbought Illusion – A Reality CheckWell, well, well… look who's pumped up like a gym bro on pre-workout. EUR/USD just went full send 🚀, and the RSI is screaming, “Somebody stop me!”
Here’s the thing: when the market runs this hot, it’s usually not long before reality hits harder than a margin call on NFP day. 💀
🔹 RSI? Overbought.
🔹 Momentum? Euphoric.
🔹 Smart money? Probably sharpening their shorts.
Let me guess, retail traders are FOMO-ing into longs at the top, dreaming of 1.10 while the big boys are quietly setting up their bear traps 🐻. Seen this movie before. Spoiler alert: it doesn’t end well for the moon boys. 🌕➡️🌎
Medium term? This thing looks ready to roll over harder than a leveraged trader’s account in a flash crash. Watch for a nasty pullback once liquidity dries up and the buyers realize they’re partying at the wrong house. 🎉➡️🚪
Might want to secure those profits before the EUR/USD hype train derails. Don’t say I didn’t warn ya. 😏
Cardano (ADA): Looking For Sell Entry Near ResistanceCardano has had some volatility drop into the coin where we had a lot of liquidation hunting going on lately but despite that, we have always seen some sort of respect for the resistance zone.
We are looking for a slight push here, where afterwards we will be looking for an MSB (market-structure break) on smaller timeframes, which could give us a good short trade!
Swallow Team
GOLD ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the markets with our chart idea playing out perfectly!!!
Yesterday we got our Bullish target at 2872 with a further cross and lock above 2872 leaving open 2901.
- This was hit perfectly today followed with ema5 cross and lock above 2901 opening 2921, which was also hit completing the range perfectly.
We will now look for a further cross and lock above 2921 to confirm a continuation or a failure to lock above will follow with a rejection to test lower Goldlturns for support and bounce.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2872 - DONE
EMA5 CROSS AND LOCK ABOVE 2872 WILL OPEN THE FOLLOWING BULLISH TARGET
2901 - DONE
EMA5 CROSS AND LOCK ABOVE 2901 WILL OPEN THE FOLLOWING BULLISH TARGET
2921 - DONE
EMA5 CROSS AND LOCK ABOVE 2921 WILL OPEN THE FOLLOWING BULLISH TARGET
2950
BEARISH TARGETS
2846
EMA5 CROSS AND LOCK BELOW 2846 WILL OPEN THE FOLLOWING BEARISH TARGET
2820
EMA5 CROSS AND LOCK BELOW 2820 WILL OPEN THE FOLLOWING BEARISH TARGET
2796
EMA5 CROSS AND LOCK BELOW 2796 WILL OPEN THE SWING RANGE
SWING RANGE
2778 - 2753
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Can Ethereum reclaim $3K? The right way to follow a reversal.Yesterday, I mentioned an SSL (Sell-Side Liquidity) Sweep on the Ethereum daily chart in my posted idea. Fortunately, we can see that the candle closed after sweeping the lower liquidity zone.
In my last comment, I mentioned that I would discuss how to follow reversing price movements, and I plan to cover that briefly in today’s idea. (Although I said it would be brief… I might end up writing more than expected. 😅)
The process of analyzing the market purely through charts and executing trades based on that analysis can vary significantly.
And I prefer using the Time Frame Top-Down approach, where I analyze the broader view on a Higher Time Frame (HTF), refine the outlook on a Middle Time Frame (MTF), and pinpoint entry levels on a Lower Time Frame (LTF).
The Time Frame classifications as I understand them are as follows:
HTF: Monthly-Weekly-Daily
MTF:4H-1H
LTF: 15m-5m-1m
The Top-Down classifications I primarily use are:
Weekly → 4H → 15m
Daily → 1H → 5m
The reason I use this method, which I briefly mentioned in a previous idea, is as follows:
It helps prevent counter-trend trading against the dominant trend.
Analyzing the higher time frame allows for filtering out market noise to some extent.
Defining personal key trading zones helps in managing risk more effectively.
After establishing your own Time Frame approach and identifying the larger trend, the next step is to decide:
“How and where should I trade?”
Let’s assume the high of your trading range is the head and the low is the feet.
If the price is reversing and you are planning a long-biased trade targeting the high of the range, it’s important to determine where within this range to enter a position. You can consider entry levels at different points, such as: Feet, Knees, Waist, Shoulders, or Head.
Now, if we apply this concept to the current Ethereum chart and break down the range similarly, we can identify the following key zones:
If we consider the swept area as the “feet”, it’s fair to say that retail traders almost never catch this exact bottom. So, how can we correctly follow a reversing price?
How to Follow a Proper Price Reversal
For a true reversal, we need:
A clear inflection point where price stops making lower lows.
A trend structure shift, confirming the change in direction.
Once the structure change is confirmed, identify potential entry zones within the new range.
There are countless ways to set an entry line, but the most common method is identifying key support and resistance levels to make an informed entry decision.
Currently, Ethereum remains in a downtrend, and a trend shift can be confirmed through various methods, such as: Trendline Breakout / CHOCH (Change of Character)
Monitoring these confirmations will help determine when the trend is truly reversing.
Personally, when looking for a safe and stable buy entry, I believe it might be worth considering the Bullish 5-0 Pattern, even though the pattern has not yet been fully confirmed.
I previously mentioned that I would discuss how to properly chase a price reversal, and while I also intended to explain potential buy entry strategies in detail, I realized that a proper explanation requires relevant examples.
Since providing real-time chart references is the best way to illustrate these concepts, I plan to gradually share these methods and insights over time.\
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The Time Frame Top-Down approach and the basic concept of structural changes that I shared today can serve as a valuable turning point for those who tend to trade based on weak or insufficient reasoning, often leading to losses.
Moving forward, I plan to continue providing well-grounded trading concepts and analysis ideas to help traders reduce losses and achieve consistent profitability through informed decision-making.
If you found my ideas valuable, I’d greatly appreciate it if you could boost (like) and follow for more insights.
Thank you! 🚀
Chainlink (LINK): Looking For Bullish Move of 35%Chainlink has a chance of pushing from here once we see a proper break from 200 EMA.
We see a bullish momentum is building up and our first target is going to be 200EMA (upon which we suggest tightening the stop loss a little bit more).
Once we break it, this would be our confirmation for a bullish move to the upper resistance zone near the unfilled CME gap.
From there we will be looking for a similar movement but to lower zones!
Swallow Team
XAUUSD 4H Analysis: Rejection at Resistance – Drop to $2,850?📉 XAUUSD (Gold) 4H Analysis – March 5, 2025
Key Levels:
Resistance: Around $2,920 - $2,940 (price is testing this zone)
Support: Around $2,850 - $2,860 (marked as a demand zone)
Market Structure & Projection:
Gold is currently at a resistance level, which has previously acted as a strong supply zone.
The price is showing signs of rejection at resistance, indicating a potential bearish move.
The chart suggests a drop towards the $2,850 support level if price fails to break above resistance.
Indicators & Confluence:
200 EMA (Red Line): Located below the price, showing an overall bullish trend, but short-term correction is possible.
Bearish Structure: The recent push to resistance followed by rejection hints at a potential sell-off.
Liquidity Grab? If price briefly spikes above resistance and then reverses, a deeper drop could be confirmed.
Trading Bias & Strategy:
📉 Bearish Scenario: If rejection at resistance holds, price could head towards $2,850 support.
📈 Bullish Breakout?: If price breaks & closes above resistance with strong volume, upside continuation could be possible.
⚠ Watch for price action at resistance before taking trades. A breakout or rejection confirmation is key.
🔥 What’s Your Take? Bullish or Bearish? Let me know! 🚀📊
This is a 4-hour Gold (XAU/USD) chart showing a possible breakouHello Trader 👋
Key Points:
Entry: If the price breaks above 2,920, it may go higher.
Stop Loss: Below 2,900 to limit risk.
Take Profit: First target at 2,950, final target at 2,975.
Confirmation: Watch for strong volume to support the breakout.
If the price stays above 2,920, it could rise. If it drops below 2,900, the trade setup may fail.
Trump’s Tariffs on Canada: USD/CAD Remains VolatileTrump’s Tariffs on Canada: USD/CAD Remains Volatile
We are witnessing a surge in market volatility (as reflected by the upward trend of the ATR indicator), influenced by the following factors, according to Reuters:
→ Trump’s Tariffs. On Tuesday, new 25% import duties on Mexico and Canada came into effect, while tariffs on Chinese goods were doubled to 20%.
→ Donald Trump’s first speech in Congress since taking office. In it, the US president made significant statements, including the announcement of new tariffs.
The US Dollar Index initially rose during Trump’s speech but later weakened to a three-month low. In theory, higher tariffs are positive for the US dollar. However, investors are looking beyond short-term safe-haven flows and are concerned about slowing US economic growth and the risk of stagflation.
Why Is Trump Imposing Tariffs?
Officially, US President Donald Trump is introducing tariffs on Canada to combat the "extraordinary threat" to US national security posed by uncontrolled drug trafficking.
However, according to Canadian Prime Minister Justin Trudeau, Trump’s tariffs are aimed at weakening Canada’s economy—or even pushing it towards collapse—so that the US could more easily annex Canadian territory.
Technical Analysis of USD/CAD
In our previous USD/CAD analysis, we highlighted key levels:
→ Resistance at 1.44600
→ Support at 1.43600
New chart data shows that bulls attempted to break through the 1.44600 resistance level, but the price failed to hold above the psychological barrier of 1.45000. Support at 1.43600 remains relevant for now.
Bulls may attempt another push upwards if the price retraces to the lower blue trendline. However, whether this scenario plays out will largely depend on the broader fundamentals related to Trump’s tariffs on Canada, Mexico, and China.
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why ELON MUSK keeps talking about a US bankruptcy…I think I’ve figured out why Musk keeps talking about a U.S. bankruptcy…
They have to pay—and pay a lot!
In 2025 alone, a staggering $7 trillion needs to be repaid! 7 TRILLION DOLLARS! (image on chart)
Right now, the U.S. is trying to pull in money from all over the world, which is probably the real reason behind the tariffs.
To avoid bankruptcy, they have a few options:
1. Print more money
2. Cut spending
3. Take on new debt at higher interest rates
4. Declare bankruptcy—admit they can’t pay their debts
That’s why Musk keeps mentioning point 4. That’s why spending cuts are happening so fast. That’s why tariffs are being imposed. That’s why Trump is pushing for lower interest rates. That’s why they launched the Green Card sale. They are trying to save the U.S. from bankruptcy—and the world from a financial crisis.
Obviously, they can’t just slash spending too much. In his interview with Joe Rogan, Musk said it’s not that simple because a lot of high-level corruption is hidden in the system. He even admitted, “I won’t talk about it—if I do, they’ll kill me. It’s too much, and people wouldn’t be able to handle the truth.”
The only real solution might be Bitcoin, which can create virtual money without printing physical dollars—a profitable paradox.
To activate a real bull run that will save high-risk assets like altcoins, the U.S. must start increasing global liquidity. This is the rule—and they will do it. Even rumors about the U.S. handing out money to taxpayers (some sources mention $5K per taxpayer) are aimed at increasing market liquidity.
The end of a bull run always coincides with the highest levels of global liquidity. Currently, many large funds are overleveraged and looking to take some profits to avoid problems. This is always the moment when “large capital” waits for global liquidity to peak before strategically cashing out of positions.
Even with ETFs on altcoins, large funds will gain significant profits through annual fees. They will list any shitcoin just to collect these fees from investors. Moreover, they will control liquidity through ETFs, just as they did with the stock markets. This is an indirect way of “driving the markets like a car.”
XAU/USD Bullish Flag (06.03.25)The XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Bullish Flag Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 2949
2nd Resistance – 2969
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DeGRAM | EURGBP retest of the support levelEURGBP is in an ascending channel between the trend lines.
The price is moving from the lower boundary of the channel as well as the support level, which coincides with the 88.6% retracement level.
The chart is forming an ascending structure.
On the 1H Timeframe, the indicators indicate a bullish convergence formation.
We expect growth in the channel after consolidation above the support.
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$QQQ Analysis, Key Levels & Targets for March 5th 2025 NASDAQ:QQQ Analysis, Key Levels & Targets for March 5th 2025
What is running through the trading range today?
The Weekly 35EMA and the 30min 35EMA. Critical level here.
Expected move 486 to 505 (+/- 1.70%)
Where is support under our trading range? 448 :O
Bitcoin - The Uptrend Remains 100% Valid!Bitcoin ( CRYPTO:BTCUSD ) can create a textbook break and retest:
Click chart above to see the detailed analysis👆🏻
Over the past couple of weeks we have only been seeing a consolidation on all cryptocurrencies, governed by the slow movement on Bitcoin. With today's drop Bitcoin is now approaching the previous all time highs, which are now acting as a major support, pushing price much higher.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
EURUSD Bullish Surge: Targeting 1.1000 with 200+ Pips GainEURUSD is currently trading at 1.0700, moving exactly as predicted and showing strong bullish momentum toward the 1.1000 target. The pair has gained significant traction, with price action aligning with technical expectations for a 200+ pip rally. If this momentum continues, EURUSD could push higher, testing key resistance levels before reaching its final target.
From a technical standpoint, the bullish structure remains intact, supported by strong price action and increased buying pressure. A break above minor resistance levels near 1.0800 could accelerate the move toward 1.1000. Traders should monitor volume and price action confirmations to ensure sustained bullish momentum, while also keeping an eye on potential retracements for re-entry opportunities.
Fundamentally, the euro’s strength is driven by market expectations surrounding the European Central Bank’s (ECB) monetary policy, as well as potential weakness in the US dollar. If the Federal Reserve signals a dovish stance or weaker economic data emerges from the US, the dollar could see further declines, supporting EURUSD’s bullish move. Additionally, any positive Eurozone economic data could further fuel the rally.
In summary, EURUSD is following its projected bullish path, with 1.1000 as the next key target. Traders should watch for continued bullish confirmations while staying cautious of economic events that could impact the pair’s momentum. With technical and fundamental factors aligning, the pair remains well-positioned for further upside.
BROADCOM Is this the buy opportunity of the year?Broadcom Inc. (AVGO) has been trading within a multi-year Channel Up since the October 2022 market bottom and broke last week below its 4H MA200 (orange trend-line). In the past +2 years, every time the 4H MA200 broke, the stock was on its most optimal buy opportunity, as long as the 1W MA50 (red trend-line) held.
In fact, it has been holding since the December 09 2022 break-out so as long as it doesn't break now, AVGO is a low risk - high reward buy opportunity. Actually both in 1W RSI terms as pure price action, the current Low resembles the September 06 2024 one, which started the most recent Bullish Leg.
That sequence initially hit its previous Resistance (previous Higher High) before entering a Re-accumulation phase halfway before the Channel Up top. As a result, we expect to see AVGO hitting at least $250 before the next pull-back that quite possible may target $330.
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Alibaba - This Chart Is Pretty Beautiful!Alibaba ( NYSE:BABA ) is perfectly respecting structure:
Click chart above to see the detailed analysis👆🏻
With a rally of about +80% within a couple of weeks, Alibaba is clearly showing signs of bulls completely taking over. This pressure was not unexpected though after we perfectly witnessed the major trendline breakout a couple of months ago and a retest of the confluence of support.
Levels to watch: $140, $110
Keep your long term vision,
Philip (BasicTrading)