Why USDCHF is in Retesting Phase? and Expected Trend ReversalUSDCHF is currently trading at 0.91000, with a target price of 0.89900, indicating a short-term bearish movement. The expected price drop of 100+ pips suggests a potential short-selling opportunity. The pair is in a retesting phase, meaning it is re-evaluating a previously broken trendline. This retest occurs after a downtrend, confirming bearish momentum. However, after this small decline, a strong bullish wave is anticipated. The price is expected to recover and move upward toward the 0.93000 level. This suggests a trend reversal after the retracement phase. Traders may consider shorting until 0.89900, then looking for bullish confirmation. Risk management is crucial due to potential market volatility. Analyzing support, resistance, and market sentiment can help refine entry and exit points.
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Usdcad downside Last week, we patiently waited for a retest on #USDCAD after observing a breakout towards the downside. Now, we have the following indications:
✔ A triple high on the M_Tf timeframe
✔ A retest of the trend
✔ A retest of the bearish pattern
It's time to find your entry point for a potential downside move. This could be a significant opportunity.
Another dip coming? Solana price bounced back strongly yesterday and formed a daily candle with a massive bottom wick. It is very bullish. It was a great buy the dip moment for spot buyers and intraday traders. However, if you are swing trading with leverage, the momentum is still bearish. I think it is not the time to open a long position for the following reasons:
Weekly:
1) Price is still trending up along EMA 21, but it is starting to drop below it.
2) Momentum indicators are forming negative divergence.
3) MACD and RSI are still in the bull territory, however, Stochastic had tried to move to the bull zone but failed and now moving to the downside in the bear zone.
Daily:
1) Daily MACD and RSI are pointing to the downside and they are about to enter the bear zone.
2) Daily stochastic have reset and moving to the upside, so it is a sign of recovery to the upside, but it is not supported by price action.
3) The price dropped to EMA200 and bounced, but it failed to move about the previous low ($222) and also closed just under EMA 55.
4) Today the price is starting to come down. Today's candle hasn't closed so it is too premature to make any decision on today's candle at this stage.
4H:
1) the current candle failed to close above EMA 21.
2) both MACD and RSI are still in the bear zone.
3). Stochastic has already reached the overbought territory and now it is rolling to the downside.
4) There are two layers of buy blocks below the $190 area so there is a chance the price might drop to that level.
It has been such a volatile and difficult market. Every time you think the bottom is in and the price starts to move up, it gets pushed down. It is the market that challenges you mentally.
Yesterday's dip was a great opportunity to buy spot and hold. But if you are trading, it might be better to buy the strength because dips can keep coming.
USD/CAD: Market Shifts Bearish – Drop Just StartingWelcome back! Let me know your thoughts in the comments!
** USDCAD Analysis !
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Market Analysis for US30 (Sell)US30 has broken through the fair value gap, confirming a strong bearish momentum and aligning perfectly with our trading strategy. This setup indicates a market imbalance correction, creating an optimal sell opportunity. With price action showing rejection from key resistance levels, we anticipate further downside movement. Stops are placed above the FVG for risk control, and targets are set at the next support zone. This is a textbook example of our strategic approach to capitalizing on market inefficiencies.
TSLA to circa $500 Given the logical progression of infrastructure development, I anticipate an announcement from the current administration regarding the initiation of this project in the near future.
The project's appeal lies in its incremental nature and relative ease of implementation. It can be initiated on a limited scale and expanded gradually, making it both cost-effective and manageable compared to other large-scale infrastructure endeavors.
My analysis suggests that this infrastructure initiative has the potential to be the most GDP-generative project currently conceivable. Its economic impact, combined with Tesla's strong position in the EV and autonomous driving sectors, could serve as a powerful catalyst for the company's stock performance, potentially pushing it beyond the projected $499-$500 range.
While stock predictions should always be approached with caution, the convergence of these factors - the observed double bottom pattern, the potential infrastructure project, and Tesla's market position - presents a compelling case for potential upward movement in Tesla's stock price.
This assessment is based on current market conditions and available information, and is subject to change as new data emerges.
Tesla Stock Analysis and Infrastructure Prediction Upon careful analysis of Tesla's stock performance, I have formulated a hypothesis regarding its future trajectory. Technical analysis indicates the formation of a double bottom pattern, with the bottoms observed at $387 and the peak between the two bottoms at $439. This pattern traditionally signals a potential price movement that could reach $499 to $500 or higher, representing a significant upward trend for Tesla's stock.
A key catalyst I've identified that could substantially impact Tesla's valuation is the prospective implementation of Full Self-Driving (FSD) Lanes for logistics EV transports. While this is based on my own analysis rather than insider information, calculations suggest this infrastructure project could be the most economically viable and impactful initiative in the near term.
The projected benefits of this infrastructure project include:Significant reduction in transport costs
Mitigation of inflationary pressures
Creation of substantial employment opportunities
Generation of considerable tax revenue.
SUI/USDT 1H: Bullish Momentum Building – $4.20 in Sight?!SUI/USDT 1H Chart Analysis
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Current Market Structure:
Price at $3.72 showing strong recovery after testing accumulation zone at $3.50-$3.60.
RSI trending at 65, confirming strong momentum but not yet overbought.
Significant volume spike on breakout above $3.50 resistance, signaling institutional interest.
Smart Money Concepts:
Market Makers accumulated heavily in the $3.50-$3.60 range, shaking out weak hands below.
Currently transitioning to a markup phase, with the next target set at the premium zone ($3.90-$4.00).
Strong bullish structure indicates continued upward movement.
Key Levels:
Entry Zone: $3.70-$3.75
Targets:
T1: $4.00 (psychological resistance)
T2: $4.20 (previous swing high)
T3: $4.50 (extended target)
Stop Loss: Below $3.45 (recent swing low).
Risk Score:
6.5/10 - Favorable risk-reward ratio, but market volatility remains a factor.
Market Maker Intent:
Accumulation phase appears complete near the discount zone. Current price action suggests an upward move targeting liquidity pools near $4.20-$4.50.
Recommendation:
Long positions are favorable within the $3.70-$3.75 range. Monitor for volume confirmation above $3.90 to secure momentum. Maintain tight stops to protect against unexpected pullbacks.
Confidence Level:
8/10 for bullish continuation toward premium zones.
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NQH2025 COMMENTARY📉 Market Recap – Today's Session
The market opened lower today, creating a NWOG (New Week Opening Gap). Initially, we anticipated a retracement back into the range to fill the gap while also forming a discounted opening range gap. This provided a clear indication that price had a high probability of returning to at least the minimum consequent encouragement level during the AM session.
Later, we observed a full gap closure, confirming our expectations.
That's it for today! ✅ Like & leave a comment to help us improve our market commentary. 🚀📊
Volatile Start To FebruaryMarkets across the board saw a selloff Sunday night after news broke of more tariffs affecting both Mexico and Canada. US stock indices, crypto, and precious metal markets all saw declines in prices, but throughout the day traders have seen the market digest the news and the precious metals and crypto are back to positive territory on the day. Looking at the March NQ contract, prices have been able to stay out above a trendline going back to August of 2024, but there is still a lot of room to the upside before the market can retest all time high levels.
Manufacturing and PMI numbers for the U.S. were released today and showed a better than expected number. Looking ahead to the rest of the week, traders will be looking at the JOLTs data along with ADP nonfarm employment to add volatility to the market. With markets like Gold and Bitcoin trading around critical levels, these reports can hold more weight to market movements and make the swings larger based on good or bad numbers.
Finally, we'd like to let all our readers know that CME Group has partnered with TradingView to host The Futures Leap, a 1-month trading challenge through which participants can learn to master futures markets, trade big events and compete for a share of a 25K prize purse. Click here to register for this event.
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*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
$SUI follow-up on my SAT/SUN post, bought SOME dips :)is a perfect example of how I go about trading. If you read my Saturday/Sunday night post, you will understand.
I had been very bearish short-term, based on all three charts that I posted. All had bearish breakdowns from their respective patterns.
That did not stop me from placing limit orders much lower, hoping to see a crash. All got filled. Now very much in profit—spot top-up at $3.3, and longs triggered from the Golden Pocket ($2.79 - $2.89).
Absolutely printing right now. 🤑
Positioning in advance tends to reap the best rewards. Positioning in fundamentally strong assets is also the most secure approach. Smart Money will buy the dip on these, especially in this bull market.
As for CRYPTOCAP:SUI today—what a rebound, what a candle. Where am I taking profits off that long? Pretty simple.
Since all the liquidity down to $2.4 has been swept, there’s no incentive to go to the downside soon.
Upside is much more likely—towards the next obvious pools of liquidity, which I placed on my Daily chart (yellow boxes). The price action is likely to reverse after sweeping these, at least temporarily. So:
TP1: $4.25 - $4.35
TP2: $5.30 - $5.40
TP3: That’s a moonbag situation. If SUI can pull off another ATH, then I will basically monitor the Price Action for signs of reversal. 💙🤑
I post mainly on Binance Square, whee I can publish more than 10 posts a day with more images, check out my work there:
app.binance.com
US 10Y Yields - End of January AnalysisToday is an important day as it marks the first day of a new month, giving me the added advantage of analysing the full month’s candle close as well as a weekly close.
Here, I share with you how fundamentals this month affected price action and where in the medium to long term the market can reprice up/down into.
The highs for the month is 4.809%
The lows for the month is 4.488%
Candle body closure above 4.818% will negate my bearish notion of retracing down into the November 2024 monthly bullish order block.
Avax analysis and review: another rise or fall?hello guys
We came with Avax analysis.
This coin has been suffering for almost 35 days after its price drop, and now that the price is at the bottom of the trading range, it is expected that we will have an upward movement by maintaining the support range up to the ceiling of the trading range.
In case of failure, we will give you a new update.
*Trade safely with us*
XAU/USDGold remains in a strong uptrend but is currently testing a key resistance zone near $2,820. A rejection from this level could lead to a corrective move toward the $2,740-$2,720 support area, aligning with trendline support. A deeper pullback could extend toward $2,660 if bearish momentum increases.
However, a breakout above $2,820 with strong volume could push price toward new highs, with the next target around $2,850-$2,860. Current sentiment is bullish but overextended, so waiting for confirmation of either a rejection or breakout is crucial for the next move.
Keep a close eye on $MNMDMind Medicine (MindMed) Inc. ( NASDAQ:MNMD ): Technical and Fundamental Analysis
As of February 3, 2025, Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) is trading at $7.26, an increase of $0.47 (approximately 6.92%) from the previous close.
Mind Medicine Inc (MNMD) is an equity in the U.S. market. The current price is $7.26, with a change of 0.47 (6.92%) from the previous close. The intraday high is $7.45, and the intraday low is $6.53. The latest trade time is Monday, February 3, 17:55:43 UTC.
Technical Analysis
Recent trading activity shows an intraday high of $7.45 and a low of $6.53, indicating increased volatility. Technical indicators, such as moving averages and oscillators, suggest mixed signals. However, there is a significant increase in trading volume, which often signals strong momentum. Additionally, breakout potential is huge, with the possibility of a major price surge if key resistance levels are broken. According to TradingView, there is a neutral to slightly positive trend, with some indicators pointing to a potential upward move. (tradingview.com)
Fundamental Analysis
Mind Medicine focuses on developing psychedelic-based medicines for mental health treatments. The company has recently reported strong news, including positive results from clinical trials, which has attracted investor interest. Financial reports indicate increased spending on research and development, signaling an active pipeline of projects. However, like many biotech companies in the development phase, Mind Medicine currently does not generate significant revenue and relies on investor funding.
Conclusion
With increasing volume, strong news, and massive breakout potential, the chance of a major price surge is high. Keep a close eye on this stock and put MNMD on your radar! 🚀
EUR/USD – Smart Money Move Incoming!Here’s a **simple and professional TradingView description** for your post:
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📢 **EUR/USD Wave Analysis – Key Levels to Watch!** 🔥
🚀 **Market Overview:**
EUR/USD is following a **five-wave Elliott structure** with a potential **Wave 4 retracement** before further downside. The key zones to watch:
🔹 **Support Zone:** 1.02052 - 1.00923 (Possible Wave 5 target)
🔹 **Resistance Zone:** 1.06664 (Potential Wave 4 completion)
🔹 **Key Level:** 1.02923 (Crucial reaction point)
💡 **Trading Insight:**
We may see a short-term pullback towards **1.06664** before the final drop to **1.00923**. Watch for **price reaction at resistance** before entering a trade.
📊 **Patience is key. Follow the structure, manage risk, and stay ahead of the trend!** 🚀
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