My Idea on GBP/USDBias
Weekly - Bearish
Daily - Bullish
Idea
Because of the Simple Rule HTF is King (In my Scenario Weekly > Daily). We are currently in the weekly 70% Zone. So I assume a continuation in the weekly trend -> Weekly LL.
Daily is still bullish so right now we should be careful. If Market gives us a Sign on H4/H1 (which is difficult rn because EUR flew crazy), I would short to potentially take out the daily low which would follow the weekly trend. If Market decides to go higher, i would look at the same short scenario as here.
Potential Longs are also possible because as you see daily internal aligned with daily again.
So all in all I am careful right now because 1. Market is crazy right now 2. Weekly vs daily 3. NPF Tomorrow (maybe we know more tomorrow)
Community ideas
#NIFTY Intraday Support and Resistance Levels - 07/03/2025Today will be flat opening expected in nifty. After opening if nifty sustain above 22500 level then expected upside movement upto 22750 in today's session. 22500 level will act as a important support for today's session. Major downside possible if nifty not sustain above level and give breakdown of 22450. This downside can goes upto next major support level at 22150.
XAUUSD-GOLD sideways consolidation below ATHThe GOLD (XAUUSD) index pair price action sentiment appears neutral, supported by the loss of longer-term prevailing uptrend. The recent intraday price action appears to be an overbought sideways consolidation after reaching the all-time high on 20th Feb ‘25.
The key trading level is at the 2896 level, the support trend line zone. An oversold bounce back from the current levels and a bearish rejection at the 2896 level could target the downside support at 2880 followed by the 2860 levels over the longer timeframe.
Alternatively, a confirmed breakout above the 2930 resistance and a daily above below that level would negate the bearish outlook opening the way for a further rally and a retest of the 2940 level followed by 2956.
Combined US Indexes - Breakdown and JittersMarked out previously, the US indexes broke down a tad earlier and retested to fail only to drop further based on jitters and jitter-induced expectations.
While the candlestick is long and solid pretty much, there is an extension zone to expect more of the downside to overreach and be oversold before a bounce.
You should be able to see that the Buy Setup is pretty much done and can expect a bounce reversal soon... but only after momentum ebbs and a base support is found.
Watch for it...
UKOIL from an Elliott Wave perspectiveThis Wave starting from the Wave C marked in black is the first wave of a 3 wave move move of a Flat. This wave expressed itself in a 5 Wave move and on its completion will be named Wave A. A correction to the upside would occur and on its completion, would be named Wave B. A Wave C would then follow to complete the B of a Flat.
Bitcoin (BTC/USD) Bearish Breakdown Potential – Key Support Leve:
🔍 Technical Analysis:
Resistance Zones (Purple Rectangles at the Top)
The price recently hit a resistance area around $92,000.
It also tested an ascending trendline (red line) and failed to break higher.
Support Zones (Purple Rectangles at the Bottom)
There are two significant support areas:
First zone around $87,500 - $88,000.
Second zone around $82,000 - $83,000.
Bearish Expectation (Black Arrow)
The price is projected to break down from the current level.
A potential lower high formation suggests further decline.
Target areas: $88,000 first, then possibly $82,000.
🔥 Conclusion
Bearish bias if the price fails to reclaim the resistance.
A breakdown below $88,000 could accelerate the drop.
Watch for rejection signals at resistance zones before confirming short trades.
BTC at a CrossroadsDouble Wedge Squeeze:
This pattern forms when the price of an asset is consolidating within two converging trendlines (one ascending and one descending).
It suggests that volatility is compressing, and a significant move (breakout or breakdown) is likely once the price exits the wedge.
Key Levels:
121K: If the price breaks above 121K, it would signal a bullish breakout, potentially leading to a continuation of the upward trend.
60K: If the price breaks below 60K, it would indicate a bearish breakdown, potentially forming an M pattern (double top), which is a reversal pattern signaling a potential downtrend.
M Pattern (Double Top):
If the price breaks below 60K, it confirms the M pattern, which typically indicates a reversal from an uptrend to a downtrend.
The target for the downside move could be estimated by measuring the height of the pattern and projecting it downward from the breakdown point.
BNX: After a +900% Rally, What's Next?BNX had an incredible run, skyrocketing +900% in just 19 days, completing a 5-wave Elliott Wave structure and peaking at $1.3333. Since then, the price has been in a downtrend, now approaching the critical $1.00 psychological support level.
Key Support Levels
The weekly open sits at $0.9387, aligning perfectly with the Point of Control (POC) from the previous trading range, making this a crucial level to watch. However, the bigger question remains—where is the next high-probability trade setup?
Liquidity Below $0.8278 – There's a significant liquidity pool just below this low, making it an attractive area for potential stop hunts before a reversal.
0.5 Fibonacci Retracement ($0.7333) – Measuring the full +900% move, the 50% retracement aligns near a key support zone.
Weekly Bullish Order Block ($0.7076) – A historical area of demand, adding further confluence.
1.272 Fibonacci Extension ($0.7250) – Another confirmation of a potential bounce area.
Anchored VWAP from $0.1334 – Currently sitting at $0.6675, this dynamic support strengthens the buy zone.
0.618 Fibonacci Speed Fan – If the price drops towards this level by late February, it could provide additional confluence for a bounce.
Potential Trade Setups
Bullish Setup: If price sweeps $0.8278 liquidity and enters the $0.7333 - $0.7076 demand zone, a long opportunity with confirmation could offer a great risk-to-reward trade.
USDJPY...Continues to decline....Based on the analysis of USDJPY's technical setup, here's a structured trade plan:
---
### *USDJPY Short Trade Plan*
*Trigger:* Consolidation below 148.90 (e.g., closing below on 4H/daily chart).
*Entry:* After confirmed breakdown, ideally with a retest of 148.90 as resistance.
*Target:* 147.00 (190-pip downside).
*Stop Loss:* 50-70 pips above entry (e.g., 149.40–149.60 to account for volatility).
*Risk-Reward Ratio:* ~1:3 to 1:4 (favorable).
---
### *Key Technical Rationale*
1. *Price Action:*
- Rejection from 151.00 resistance (bearish structure).
- Breakdown below 148.90 support confirms bearish continuation.
2. *Indicators:*
- *Alligator:* Lips (green) crossing below Jaw (blue) signals trend reversal.
- *MACD:* Cross below 0-line confirms bearish momentum acceleration.
3. *Target Validation:*
- 147.00 aligns with prior swing lows and Fibonacci extensions (61.8% retracement from recent rally).
---
### *Risks to Consider*
- *False Breakdown:* Watch for a swift reclaim of 148.90 (stop hunt).
- *BoJ Intervention:* Risk of yen-buying intervention if JPY weakens sharply.
- *Upcoming Data:* U.S. CPI/Jobs data or BoJ policy shifts could disrupt the setup.
---
### *Execution Tips*
- Wait for *price confirmation* (e.g., two consecutive closes below 148.90).
- Monitor MACD histogram for strengthening bearish momentum.
- Hedge with a long JPY basket (e.g., short AUDJPY/GBPJPY) to diversify risk.
---
*Final Note:* This trade aligns with bearish technicals, but stay agile given macro risks. Adjust stops if fundamentals shift.
ETH: Support and resistanceBINANCE:ETHUSD
Hello,
Looks like if ETH fails to hold 2k it might go into the box on the chart.
I still believe the bull run will continue till the end of the year.
Top can be around 8k.
If it breaks 2k, it's a great opportunity to accumulate ETH below $1700.
If it does not break and goes higher, then there is chance of early peak and might not reach top prices.
Thanks,
Happy trading
BTCUSD - Fast trade idea ?Low timeframe so can be invalid very quick
I think you can expect the same Pump & Dump move on Sunday ... but in the invert way
Dump came from news and now expect a second wave, then if we can just go back above 86k6 it would kinda confirm this bringing us hopefully to "normality"
Cheers
Breaking: Bitcoin Ordinals ($ORDI) Dips 6% Today- What Next?The Bitcoin inscription token Ordinals ( SEED_DONKEYDAN_MARKET_CAP:ORDI ) has plummeted drastically the start of this year. From an all time high of $96.17 SEED_DONKEYDAN_MARKET_CAP:ORDI tanked -90.5% losing more than half of its value currently trading at $9.69.
From the first week of February, SEED_DONKEYDAN_MARKET_CAP:ORDI has been on a consolidation channel before the Break of structure (BOS) at the $11 point that saw SEED_DONKEYDAN_MARKET_CAP:ORDI dipped to current market value.
For Ordinals ( SEED_DONKEYDAN_MARKET_CAP:ORDI ), in the case of further selling pressure, immediate support point lies in the 1 month low point but SEED_DONKEYDAN_MARKET_CAP:ORDI chart pattern shows signs of a bullish engulfing pattern. a trend reversal might be looming ahead and a breakout above the 38.2% Fibonacci Retracement pattern would validate the move.
With a total supply of 21 million, this cool off should be seen as a reprieve towards a massive surge in the long term.
ORDI Price Live Data
The live ORDI price today is $9.65 USD with a 24-hour trading volume of $132,216,659 USD. We update our ORDI to USD price in real-time. ORDI is down 4.79% in the last 24 hours, with a live market cap of $202,546,795 USD. It has a circulating supply of 21,000,000 ORDI coins and a max. supply of 21,000,000 ORDI coins.
Market Forecast UPDATES! Monday, Mar 3rdIn this video, we will update the forecasts posted last March 2nd for the following markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
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Biggest Bullrun in the history of Crypto or Biggest Rugpull???I have Found a pattern within BTC reaching back to may 2020 to September 2020 in which we can clearly see the same structure of the market before it launches off to the moon with over 500% gain that year sooooo yall get where im gonna get to?
AerSale (ASLE): Aviation Aftermarket Services Gain PopularityAerSale Corporation (ASLE) is a leading provider of aviation products and services, specializing in aircraft leasing, aftermarket parts, and maintenance solutions. The company serves commercial airlines, military operators, and cargo carriers by offering cost-effective solutions that extend the life of aircraft and optimize fleet performance. With the increasing demand for refurbished aircraft and sustainable aviation solutions, AerSale is positioned for growth as airlines look for ways to reduce costs and improve efficiency.
The stock chart recently displayed a confirmation bar with rising volume, pushing the price into the momentum zone, which occurs when it moves above the 0.236 Fibonacci level. This signals strong investor confidence and suggests the potential for continued upside as buying interest strengthens.
A trailing stop is a risk management tool that allows traders to secure profits while staying in a trade as long as the stock continues to trend upward. Unlike a fixed stop-loss, a trailing stop moves up with the stock, locking in gains while allowing for further upside potential. Using Fibonacci levels as trailing stop points can be highly effective, as these levels often serve as key areas of support during an uptrend. By placing a trailing stop near Fibonacci retracement levels, traders can remain in the trade while minimizing downside risk if momentum shifts
There's A Setup For A BounceFor fun, no idea what I'm doing.
Same as all the last times really, just see how it goes tomorrow morning, right now futures are flat but it's early. Going off the futures chart I think it'll meet my requirements short of a huge gap up.
Depending on what happens tonight going into tomorrow it's setting up for a bounce as crazy as that looks and sounds (again). Yeah it's been a little bad recently, and every day who knows what is done or said that can move markets either way, and we are not THAT far off from ATH, but the bounce setup is there, and potentially will actually follow through for the first time since the end of October 2023.
The bottom graph has a line that suggests oversold. In my mind it is set up if the line remains below the dotted line Mar 7. If it goes up above then maybe toss the idea. I literally only post when this is set up.
Maybe down early in the first part of the day due to something like jobs, then reverse up and hard for the next few days?
From the low of Mar 7 -
I usually say
5% chance of ~10% by Mar 12 (top yellow circle)
40% chance of +5.5% by Mar 12 (lower yellow circle)
60% chance of +5.5% by Mar 21 (right yellow circle)
But I really really really don't think we will get +10% with how things are set up that's ATHs, but just saying it does happen sometimes (not when it's like this though). So much so that I didn't even put it on the chart this time around.
Green eclipse is things going according to the idea, above is a bonus, below is a fail. If it does bounce, no idea how long it'll last.
You might be asking 40%? 60%? so you're flipping a coin? could go up, could go down? Well it's 40-60% chance of +5.5%, nothing is guaranteed and that's why you have responsible stops in place.
ETHUSD SELL TRADE OR TRAP READ CAPTIONhello traders what do you think about ETHUSD
current prices 2219
ETHUSD nothing breakdown support area H1 reject again to again and close bullish candle i think market support 2160 then ETHUSD jump upside and to demand zone
support area 2160. 2050
resistance zone 2450
demand zone 266o
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