Bearish breakout?CAD/JPY is reacting off the pivot which acts as an overlap support and could drop to the 1st support which has been identified as a pullback support.
Pivot: 103.58
1st Support: 102.28
1st Resistance: 104.70
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QQQ Slammed Below $465! Gamma Flip Confirmed QQQ Slammed Below $465! Gamma Flip Confirmed as Tariff Panic Grips Tech Sector
🌐 Macro Context (April 2, 2025)
Trump’s new tariff announcement this morning ignited fear of inflation returning and disrupted global trade expectations. That spooked big tech and growth-heavy indices like QQQ, triggering gamma-driven liquidation and a sharp intraday breakdown.
* Traders and dealers were not positioned for this headline — the rapid IV expansion and negative delta hedging caused a cascading sell-off.
* From a GEX perspective, today’s action triggered a flip below HVL ($471), with gamma accelerating downside volatility.
📉 Technical Breakdown – 1H Chart
Price Action:
* QQQ attempted to push through $475–$480, but got rejected violently.
* The huge red candle that nuked through $471 HVL and $469 confirmed a break of structure and bearish imbalance.
Support Zones:
* $455 – being tested now; psychological and options-related level
* $453.86 – today’s session low
* $450–$447 – likely short-term gamma target if weakness persists
Resistance Levels:
* $465 – 3rd PUT Wall
* $471 – HVL (now major resistance)
* $474–$477 – stacked CALL walls and former support
🔻 Options GEX & Dealer Positioning
GEX Flow:
* 🔴🔴🔵 = Short Gamma territory, and it’s growing more negative.
* Highest GEX support has disintegrated, with dealers hedging by shorting into the drop.
* Net GEX flipped negative below $471, increasing volatility.
* Dealer gamma continues to point down, with no major PUT walls until $450 zone.
Options Sentiment:
* IVR 38.4 / IVx avg 35.6 – slightly elevated vol, but with more room to rise
* PUTs 55.5% – bearish lean confirmed
* Expiry in 2 days + tariff panic = likely continuation or high chop volatility tomorrow
📌 Trade Setups
🐻 Bearish Continuation (Preferred Bias)
* Entry: Below $453.50
* Target: $450 → $447
* Stop: Above $458 reclaim
* Contract Idea: 0DTE or 2DTE $455P/$450P depending on risk appetite
* Note: Gamma trap zone from $455–$450 likely to accelerate price movement
🐂 Dead Cat Bounce Setup (Low Conviction)
* Only valid if QQQ reclaims $465+ with volume + positive options flow
* Target: $471–$474
* Play with small size or debit spreads due to risk of gamma reversal
🔍 Conclusion + My Thoughts
This tariff-triggered crash was unexpected, and it created a dealer short-gamma loop in QQQ. The break below $471 HVL turned the table fast. Unless QQQ quickly reclaims $465+, we're likely heading to test $450 levels in the coming sessions.
Tech tends to react aggressively to macro policy shifts, and the lack of near-term options support shows dealers are NOT stepping in. That opens the door for continued downside or extremely choppy relief rallies. Be fast. Be nimble.
🎯 Key Levels Recap:
🔴 HVL $471 Former support → resistance
🔻 Support $455 / $453.86 Price and psychological
🚨 GEX Target $450 / $447 Dealer hedging likely
🔼 Resistance $465–$471 Gamma ceiling now
📢 Final Tip: Watch VIX, bond yields, and /NQ overnight — any panic escalation may turn this into a larger gamma-driven flush.
Disclaimer: For educational purposes only. Not financial advice. Always manage your risk and position sizing accordingly.
Gold and Elliott Wave Theory.Wave 2(Green) was a Zigzag and we should expect a Flat correction for a Wave 4. An A Wave forms shortly after Wave 3 was formed and a Wave B should follow. B's have 3 waves-- two impulses and one corrective-- and in this case Wave A was a simple Wave that was corrected by a Flat for B(Black). Our last impulse is a 5 Wave move and is marked in Black. We are currently on Wave 4 which will be a Flat because 2 was a zigzag. We are currently on the last phases of the B wave(Blue) that comes before a C(Blue) also a 4(Black) in this case. A retest at the 261.8% would spark a Wave 4.
DXY DTF AnalysisDXY DTF Analysis
DXY is currently in a downtrend, creating lower highs and lower lows. Price has recently broken below a minor key level at 103.300, followed by a retracement that targeted stop losses from sellers. This retracement has created liquidity at the liquidity zone, further validating the bearish sentiment. With the break below the minor support level, we are expecting the downtrend to continue.
Outlook and Key Technical Levels :
🔹 Minor Key Support: 103.300 (Break below signals bearish continuation)
🔹 Minor Key Resistance: 103.090 (Retracement level for sell limit order entry)
🔹 Next Minor Support: 99.850 (Downside target for sellers)
Fundamental Insight and Market Sentiment
📉 U.S. Dollar Weakness: The U.S. dollar has been under pressure recently due to growing concerns over tariffs, which have created uncertainty in the markets. This has fueled fears of a potential economic slowdown, with tariffs negatively impacting investor sentiment. The ongoing trade tensions and global uncertainties have resulted in a weaker outlook for the dollar, aligning with the technical breakdown in the DXY.
📈 Global Market Dynamics: Meanwhile, global risk sentiment remains mixed, with market participants seeking safer assets like gold, further weighing on the dollar. The negative impact from U.S. trade policies, combined with a shift in investor confidence, is contributing to a bearish outlook for the DXY.
Given the technical setup and broader market sentiment, we are closely monitoring DXY for potential sell opportunities, especially if price retraces within the identified levels for a better entry point.
📌 Disclaimer:
This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult with a financial professional before making any investment decisions.
Has the gold tariff peaked?The 4H cycle failed to open upward. According to the general rule, there is a certain probability of a downward kill. The watershed below is still 3100. Only if it falls below this position can it gradually turn to short. At the same time, the current volatility is very large, and any fluctuation starts at ten points. It is recommended to reduce the position to trade; the current long structure of gold has not changed. The key support watershed below is still 3100. Above 3100, the strong bullish idea remains unchanged. Short-term operations rely on 3100 for defense, and enter the market near 3116 to gradually look up. Focus on the strength of the European session. If the European session rebounds and does not break the high, then short the US session at highs, and pay attention to the resistance of the 3148-50 area above.
Today's gold short-term operation ideas suggest that rebounding should be the main focus, and callbacks should be supplemented by longs. The upper short-term focus is on the first-line resistance of 3148-3150, and the lower short-term focus is on the 3100-3110 first-line support.
Short order strategy
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3148-3150, stop loss 6 points, target around 3135-3125, and look at 3115 if it breaks;
Long order strategy
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3115-3118, stop loss 6 points, target around 3130-3140, and look at 3150 if it breaks;
GBPUSD DAILY TIMEFRAME UPDATESHello folks, this is my daily timeframe analysis on GU, this idea base on the retracements, the zone above would be our stop loss.
The target are indicated xxx below.
Entry at daily see chart above.
this is only my view on daily timeframe.
Good luck. stop loss above the zone. pewwpeww
Big Capitulation Pattern and Bull Trap Would Make Sense Now.We now have a lot of match up in how the BTC and SPX moves have formed with both of them showing properties of what could be a choppy wave 4.
This would predict we see a period of panic selling (likely driven by news) and then we enter into the ABC correction.
Now ... by the book, if a bigger bear move is happening the high should now be in. If there's to be a big bull trap it'll be an ABC to the 76 retracement and then there'll be a sharp second down leg - surpassing the first.
By the way things actually are, we have to be wary of the butterfly bull trap. This would look and act identical to a 76 reversal up to a certain point and then it would make a hyper parabolic spike - which would briefly trade at new highs before setting up a big rug-pull event.
I explained in a previous post 70K was a critical make or break area. Upon further swing development I still think that's broadly correct but a false breakout could go as far as 65K.
If we get a sharp period of capitulation here I'll be very careful with my shorts. Trailing stops aggressively.
And likely be very bullish around 65K. So long as I can get reasonable stop entries (breaking of this area could mean an out and out waterfall - would not be a fun knife catch if you tried to hold it).
I kinda have a feeling the worst for the BTC drop might be directly ahead of us, but that is also likely the low for the foreseeable future.
Contingent on there being the sharp drop (ideally with news to explain it) and me seeing things I like in the 65K zone I can see me being extremely bullish on this in the coming month.
Solana Faces Bearish Risk Below The Bearish PatternSolana Faces Bearish Risk Below The Bearish Pattern
Since our last analysis, Solana's market structure has changed significantly. With the price still below a major bearish pattern, long trades remain highly risky—at least until a clear reversal is confirmed.
From the current perspective, Solana may test the 129.50 - 133 zone before a bearish wave begins. This wave could even start today, especially with Trump’s tariffs potentially shaking up the markets.
If Solana moves lower, it may reach our bearish targets: 🎯 116 🎯 104 🎯 92
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Gold has been moving big recently, don’t hold it blindly!What is coming has come, more than 100 US dollars a day, the decline is always faster than the rise, and more fierce, after breaking the 3100 watershed, it accelerated downward, the current minimum is 3054, the key position below is 3000/3040, pay attention to the plunge and the card position can also participate in the long, but must be patient to wait for the position.
After the big drop, the stage high point appears, and the follow-up is that both long and short can participate. The first plunge only establishes the high point position, and it is not so fast to turn short. It will fluctuate for a period of time. Generally, major news is an opportunity. The evening news detonates the market, and the main force often uses the news to pull up shipments. If the rebound touches 3110-3120, short it.
Gbpcad SellPrice has been making LL pointing to strength in downtrend and now price closed below the oh so very important 1.85172. the stop i wouldve like to put it above the last high but its ok im still is comfortable with it due to the volume nice scalp based on how fast the trade should hit tp or sl.
Dogecoin - You Should Not Be Afraid!Dogecoin ( CRYPTO:DOGEUSD ) could reverse right now:
Click chart above to see the detailed analysis👆🏻
Four months ago Dogecoin perfectly retested the previous all time high and is now creating the anticipated bearish rejection. However during every bullish cycle we saw a correction of at least -60%, which was followed by a parabolic rally, so there is no reason to be worried at all.
Levels to watch: $0.2, $0.5
Keep your long term vision!
Philip (BasicTrading)
Dollar I Monday CLS, KL - Order Block, Model 1Hey Traders!!
Feel free to share your thoughts, charts, and questions in the comments below—I'm about fostering constructive, positive discussions!
🧩 What is CLS?
CLS represents the "smart money" across all markets. It brings together the capital from the largest investment and central banks, boasting a daily volume of over 6.5 trillion.
✅By understanding how CLS operates—its specific modes and timings—you gain a powerful edge with more precise entries and well-defined targets.
🛡️Follow me and take a closer look at Models 1 and 2.
These models are key to unlocking the market's potential and can guide you toward smarter trading decisions.
📍Remember, no strategy offers a 100%-win rate—trading is a journey of constant learning and improvement. While our approaches often yield strong profits, occasional setbacks are part of the process. Embrace every experience as an opportunity to refine your skills and grow.
Wishing you continued success on your trading journey. May this educational post inspire you to become an even better trader!
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
David Perk ⚔
GOLD (XAU/USD) - Double Top & Bearish Breakdown Incoming?📉 GOLD (XAU/USD) - Double Top & Bearish Breakdown Incoming? 📉
Gold has been trading in an ascending channel, but a possible double top pattern is forming near $3,163. The recent breakdown from the midline suggests that sellers are stepping in! 🚨
🔎 Key Observations:
✅ Double Top Rejection: Price failed to break above $3,163, signaling a potential bearish reversal.
✅ Break Below the Channel Midline: A retest of $3,129 could act as a confirmation before further downside.
✅ Bearish Targets: Next support zones lie at $3,083 - $3,005, with potential for deeper correction.
📊 Possible Scenarios:
📌 Bearish Case: If price gets rejected at $3,129, expect further downside towards $3,060 - $3,040.
📌 Bullish Case: If bulls reclaim $3,129, gold might retest highs near $3,163.
⚠️ Watch price action closely! A confirmed breakdown could accelerate selling pressure! 📉
What do you think? Will gold hold, or is a deeper drop coming? Share your thoughts in the comments! 👇🔥
#Gold #XAUUSD #Trading #Forex #DoubleTop #TechnicalAnalysis #PriceAction
Possible ScenariosWe had a great little pullback in the red circle and went up to the last big resistance.
From there we had a good rejection.
Now i would like to see a pullback to the next zones and like to expect a second try to breack the resistance
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Got any questins? Dont hesitate to aske me :)
Gold Trade Plan 03/04/2025Dear Traders,
today i expect price will be Start Correction to 3080-3060,
i specified 2 Alternatives for correction ,
If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza!
Bullish bounce for the Kiwi?The price is falling towards the support level which is a pullback support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.5761
Why we like it:
There is a pullback support level that is slightly above the 50% Fibonacci retracement.
Stop loss: 0.5713
Why we like it:
There is a pullback support level that lines up with the 71% Fibonacci retracement.
Take profit: 0.5831
Why we like it:
There is a pullback resistance level.
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Gold Futures: Flight of the PhoenixCOMEX:GC1!
Gold Futures Analysis:
Gold futures are currently presenting a clearer picture compared to equity index futures. Crude oil futures, on the other hand, have already priced in much of the recent tariff news, with a reversal observed from the 2025 mid-range back towards $65. Despite heightened volatility, the WTI crude oil market remains relatively balanced, with bearish sentiment materializing, if prices drop below and stay below the $65 mark.
Gold futures, however, are offering more defined risk-reward opportunities at the moment. Our analysis shows a macro bullish trend in gold, along with price discovery and market auction trends visible on lower timeframes.
On the 4-hour chart below, we observe a rising upward channel, with key levels identified and reasoning for these levels labeled on the chart.
Key Levels:
• ATH: 3201.6
• HVN (High Volume Node) for long entry: 3115
• LVN (Low Volume Node)/LIS for short entry: 3095.1
• Key LVN Support: 3003.7-3018
Scenario 1: Bearish Continuation
If Gold futures stay below the trend line that defines both our long and short trade ideas, the bearish scenario could materialize. For a short trade to be viable, we would look for a close below the LVN/LIS level (3095.1) and enter on a pullback, targeting the major LVN support zone around 3018.0.
Example trade parameters for Scenario 1:
• Entry: 3095.1
• Stop: 3125
• Target: 3018
• Risk: 29.9 points
• Reward : 77.1 points
• Risk to Reward Ratio: RRR=77.1/29.9 ≈2.58
Scenario 2: Bullish Reversal
In the event that Gold futures push back towards all-time highs due to heightened uncertainty and a flight to safety, we expect initial profit-taking by shorter timeframe traders to provide a pullback. This could present a long opportunity towards the all-time highs.
Example trade parameters for Scenario 2:
• Entry: 3115
• Stop: 3095
• Target: 3200
• Risk : 20 points
• Reward : 85 points
• Risk-to-Reward Ratio: RRR= 85/20 = 4.25
Important Notes:
• These are example trade ideas, and traders are encouraged to do their own analysis and preparation before entering any positions.
• Stop losses are not guaranteed to trigger at specified levels, and actual losses may exceed predetermined stop levels.
Sniper Entry Activated: Post-Unemployment Claims Liquidity SweepGOLD JUST HIT $3,055—🥶 deep dive mode unlocked!
Alright, this is crunch time. We’re officially in the $3,050–$3,057 "DO OR DIE" buy zone.
Updated Game Plan:
🟢 Buy Setup (High-Risk Reversal Zone)
📍 Entry: $3,050 – $3,057 (we’re IN IT)
📍 Trigger: M1/M5 CHoCH + rejection wick + engulfing candle
📍 SL: Below $3,047 (tight but necessary)
📍 TP1: $3,074
📍 TP2: $3,089
📍 TP3: $3,100
🚨 If $3,047 breaks CLEANLY… expect $3,033 – $3,038 next, followed by $3,021.
📌 What’s happening?
✔️ This is a major liquidity sweep—smart money hunting stops before reversal? 🤔
✔️ If we get a strong rejection here, NY could send it back above $3,074.
✔️ If we see NO bullish reaction, it's bear town until $3,033.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your own plan and wait for confirmation before taking action.