GOLD (XAUUSD): Trading Plan BEFORE FOMC
Gold bounced yesterday, as I predicted.
Today, we see a retest of a broken daily resistance
that turned into support after a breakout.
BEFORE FED Rate Decision today, there is another opportunity
to buy Gold:
I see a double bottom pattern on an hourly time frame.
Bullish violation of its neckline and an hourly candle close above
3394 will provide a strong intraday confirmation.
It will push the prices at least to 3429 level.
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Double Top or Bottom
AUDUSD: Bullish Reaction from Key Fibonacci Support AUDUSD breaks double bottom on the 38.2% Fibonacci retracement
🚀Price has formed a double bottom around the 38.2% Fibonacci retracement level. The 15:00 candle confirms bullish strength. If this structure holds, the price may extend to retest yesterday’s high.
🔍 Trade Setup
Entry limit:
Stop Loss:
Take Profit:
Risk/Reward: ≈
💬 What do you think?
Are you also long on AUDUSD?
Share your thoughts in the comments 👇
Double bottom and Demand on RIOT! OptionsMastery:
🔉Sound on!🔉
📣Make sure to watch fullscreen!📣
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
GBPUSD breakout could target 1.47GBPUSD is testing key resistance and may be gearing up for a breakout toward 1.47, with a potential 17:1 reward. Even if it reaches just a third of that move, the setup remains highly attractive.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
UNH....OVERSOLD......REVERSAL SOON?UNH testing third support touch at ~$394, with RSI near 30 on the weekly, signaling potential oversold conditions. Despite a tough Q1 with 4% EPS growth and rising medical costs, UNH boasts 10% revenue growth, a 2.08% dividend yield, and a massive 51M member base. Is this a dip to buy?
BONKUSDT: Bullish Setup Brewing! Are You In?#BONK is flashing strong bullish signals on the 1D timeframe:
Double Bottom Pattern – A textbook reversal signal
Break & Retest of Key Resistance – Now acting as solid support
Price at CMP (Current Market Price) – In the ideal buy zone
This confluence of signals suggests momentum is shifting in favor of the bulls. If volume kicks in, we could see a sharp breakout toward the next resistance levels.
Trade Plan:
Entry: CMP
SL: 0.00000886
Target 1: 0.00002607
Target 2: 0.00003989
Always use proper risk management!
What’s your view on #BONK? Bullish or Bearish?
Drop your thoughts in the comments and let's discuss!
Don’t forget to like and follow for more setups!
#BONK #Crypto #Altcoins #TechnicalAnalysis #Breakout #DoubleBottom #TradingView
Linc Ltd: Cash IdeaLinc Ltd – Positional Trade Setup
Technical Setup:
Strong support at the 61.8% Fibonacci retracement from the previous upmove.
Weekly RSI shows positive divergence, suggesting a potential reversal.
Daily RSI is sustaining above 60; Weekly RSI above 40; Monthly RSI holding 40 support.
W-type pattern visible and forming on the weekly timeframe.
Trading above the 5 EMA on the monthly chart.
Strategy:
Go long with a strict stop-loss at ₹95.
Targets: ₹148, ₹177, and ₹200.
Maintain an average entry near the ₹95 zone for favorable risk-reward.
Staggered buying is advised—initiate partial position now and add more if the price dips towards the SL zone.
Note: Despite strong signals, no setup is fail-proof. Stick to your SL and position sizing discipline.
Motheroson Buy in Cash"A weekly W-type pattern has already formed with a successful breakout above the neckline. Positive RSI divergence and support at the 61.8% Fibonacci retracement from the previous upmove further reinforce the bullish outlook. Any dips can be considered as buying opportunities."
IWM: ShortRussell 2000 ETF | 15-Min Chart | May 8, 2025
🚨 0.5–0.618 Fib Retracement Completed
Price has tapped into a key Fibonacci confluence zone (0.5–0.618), overlapping with previous CHoCH and unmitigated supply. This zone has historically triggered distribution phases on lower timeframes.
🔻 Technical Setup:
Price rejected from 198.4–198.7 zone
CHoCH and EQH levels form a liquidity trap above
Targeting demand near 193.78 (Fib extension 1.382 + historical support)
📊 Macro Context:
US Q1 GDP: -0.3% (contraction)
Core Inflation: Still sticky at 2.6%
Jobs Market: Strong, 177K added in April
Fed Today: Likely no cut, but any hawkish Powell tone could trigger a sharp risk-off move, benefiting this short bias.
🎯 Trade Idea:
Bias: Bearish
Entry: 198.35–198.70 (current level)
TP1: 197.43
TP2: 193.78
Invalidation: Break & hold above 199.50
⚠️ Wait for Powell @ 2:30 PM ET before scaling in. Volatility will spike.
#IWM #Russell2000 #Fed #SmartMoneyConcepts #Fibonacci #MacroTrading #LuxAlgo #RiskOff
Down to 70$ ?The quarterly report just above expectations
P/E ratio over 600
The double top on the chart
The spending cuts by the US government, which is the main client
All the ingredients are there for a significant decline that could go down to the blue support where the 200-day SMA (blue line) will be located, around $70.
BTC Traders: Buy the Dip or Wait for the Break?Bitcoin broke out of its range, hit 97K, and is now consolidating near key resistance at 99K. Traders are watching for either a bullish breakout or a dip to buy. Watch the video to learn more.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
EURCAD: Still Bearish Outlook 🇪🇺🇨🇦
Last week, we discussed a confirmed bearish breakout of
a major horizontal support on EURCAD.
The broken structure was retested, and I see a strong bearish
intraday price action on an hourly time frame.
Probabilities will be high to see a down movement at least to 1.558 level today.
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Googl at pivotGoogl is at a pivot point here touching historic levels from 2021. The company is a cash flowing machine and FUD has taken control at this point. The market forgets that the company is diversifying away from search as a business. The market forgets about youtube, waymo, and recent wiz acquisition. Stocks bottom on bad news, not good news. I think we see 200$ soon. Double bottom is apparent to me.
Good PalantirianNoticed recently there is very few NASDAQ:PLTR stock for sale on the market. As a good and kind trader I decide to borrow ad sell couple of NASDAQ:PLTR like a good move to provide liquidity to the market and help other traders to obtain so passionately desired Palantir stock.
Dear Palatirians pls don't get me wrong. I'm not betraying our faith, just need to step back for a while
NASDAQ INDEX (US100): Time for Pullback
There is a high chance that US100 will retrace from the underlined
blue daily resistance.
I spotted a double top pattern on a 4h time frame after its test
and a nice bearish imbalance candle that was formed
during the NY session yesterday as confirmations.
Goal - 19590
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GBPUSD is Forming a Weekly Double Top!!!Hey Traders!
In today's session, we're closely watching GBPUSD for a potential short setup around the 1.34200 level.
The pair is currently forming a double top pattern on the weekly timeframe, a classic reversal signal. Price action is showing signs of rejection at the neckline, suggesting possible downside momentum from this key resistance zone.
Trade safe, Joe.