XAUUSD 1H, 03/04/2025, 04:40PM. Target Done.After deciding this trade as a sell setup in the morning, it has successfully reached its target, which we have shattered throughout the day.
Community ideas
EURUSD Volatility Alert: Can It Sustain A Break of 2025 Highs?President Trump’s confirmation of the size and scope of his reciprocal tariffs last night at a much-anticipated ‘Liberation Day’ event in the rose garden at the White House has resulted in a broad wave of negative risk off sentiment which has seen global stock markets fall, and US indices especially come under severe pressure.
This trade war escalation has also led to dollar selling overnight, with the US Dollar Index dipping over 1% to fresh 7 month lows, EURUSD and GBPUSD both trading to multi-month highs, while USDJPY and USDCHF have fallen.
A reason for this move could be that traders and investors may now be increasingly concerned about the negative impact pursuing this tariff policy may have on the US economy, as global trading partners retaliate with tariff measures of their own on US imports.
If that were to be the case, then the outcome of the US ISM Services PMI survey later today at 1500 BST and then tomorrow’s Non-farm Payrolls announcement, which is released at 1330 BST, could have a bearing on whether EURUSD continues this recent break above 2025 range highs at 1.0937/55, or falls back lower again.
Both of these data releases could provide traders with an important health check on the current state of the US economy.
EURUSD Technical Outlook
Reaction to the latest news on US tariffs has seen USD selling pressure emerge, and this has resulted in an upside acceleration in EURUSD overnight and so far this morning. A move that is attempting to break and close above what traders may well be focusing as an important resistance area at 1.0937/55.
This resistance area is equal to both the November 5th, 2024, and March 18th, 2025, recovery highs. Previously, these levels capped upside momentum which ultimately resulted in price weakness developing again. Meaning this area might be important if the current upside move in EURUSD is now able to break and close above this range, as it may be an indication buyers are beginning to gain the upper hand once more and might be able to push EURUSD to higher levels.
However, it must be said, a confirmed closing break of this type of resistance is no guarantee of a more sustained phase of price strength, especially given the important economic data and retaliatory tariff updates that are due to be released.
What are the Next Possible Resistance Levels if a Confirmed Upside Break Does Materialise?
A successful confirmed break of the 1.0937/55 resistance area might be an indication that traders are starting to look at the possibility of higher levels.
So let’s have a look at what these levels might be.
As the chart above shows, a bounce failure high was established at 1.0997 on October 8th, 2024, which having previously held attempts at strength may do so again. That said, if this in turn was to give way, it could then be the September 25th high at 1.1214 that traders may look to as a potential important resistance level.
What If the Current Price Strength Fails?
As we have said, even if closes above the 1.0937/55 resistance area are seen, it is no guarantee of further upside moves. It is possible the current price strength may not be sustained, and fresh downside moves in price are seen again.
As such, let's look at some potential downside support levels to monitor.
The first support if a period of EURUSD price weakness now develops may be 1.0889, which is the 38.2% Fibonacci retracement of the latest upside strength. This may be an area that might limit future price declines.
However, if a break below this potential support were to occur, risks may then turn towards a deeper decline to 1.0828, which is the 61.8% retracement, or if this level was broken, even back towards the March 27th, 2025, low at 1.0733.
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BITCOIN - Long Trade Price Action Update...In this video, I break down the latest price action while incorporating some AriasWave analysis along the way.
There's nothing unusual happening—just psychological reactions testing your patience.
Welcome to the world of trading lol, where you can be riding high one moment and facing losses the next, shifting between excitement and frustration.
Today, I dive into the psychology of trading—what drives a trader’s mindset, the balance between logic and mental discipline, and how mastering both can help grow your bank account. Everything begins in the mind, whether it’s knowledge or habit.
I remain bullish, and while the external picture hasn’t changed much, what about your internal one?
Nifty levels - Apr 04, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
BankNifty levels - Apr 04, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
EURUSD Tests 17-Year Long-Term Trend!!!After Trump announced an additional 20% in tariffs, EURUSD made a relatively surprising move and surged sharply. This marks the second leg of the upward trend that began in early March. However, the sharp rise has now brought EURUSD to the doorstep of a very long-term resistance level.
Since testing 1.60 in 2008, EURUSD has been moving lower within a wide descending trend channel that has held for 17 years. Since 2015, the pattern has evolved into a wedge formation within this broader channel. The most recent test of this resistance came last year, but at the time, a weak Eurozone economy, crowded Euro long positions, and a hawkish Fed prevented a breakout.
This time, the landscape is different. The Eurozone is showing early signs of recovery, the ECB’s rate cuts appear to be nearing their end, and European countries have started to band together following a decline in confidence in their biggest ally and decide to increase technology, defence spending.
Despite these developments, the medium-term effects of the new tariffs and the strength of the long-term resistance level are likely to prevent a clear breakout for now. Still, the long-term outlook is beginning to shift in favor of the euro, and a breakout later this year carries a significant probability.
AFCONS INFRASTRUCTURE Upside potential 20 - 40% Afcons Infrastructure Limited is an India-based infrastructure construction company. It is engaged in construction of marine works, highways, bridges, railways, metro works, hydro and underground, water, tunnels, oil & gas, LNG (liquefied natural gas) tanks. Its business includes Marine and Industrial, Surface Transport, Urban Infrastructure, Oil and Gas, and Hydro and Underground. Marine and industrial segment covers project related to ports and harbors jetties, dry docks, wet basins, breakwaters, outfall and intake structure, LNG tanks and material handling systems. Surface and transport segment which covers project like highways and roads, interchanges, mining-related, infrastructure, railways. Urban infrastructure business focusses on metro works, bridges and flyovers. Oil and gas business focusses on offshore oil and gas and onshore oil and gas segments. Hydro and underground business focusses on the dams and barrages, tunnels and underground works and water and irrigation.
Reasons to buy:
Trading at the support level
PE < 40
FII's increased holding from 8.20% to 18.00% in Dec 2024 qtr.
Institutional Investors increased holding from 21.45% to 29.12% in Dec 2024 qtr.
Profit is increasing
EPS increased from ₹12.06 (2023) to ₹13.20 (2024) despite equity dilution.
KEEP TRADING SIMPLE - ETHGood Morning,
Hope all is well. ETH still looking for a place to lay its bed and find support. Right now with all the volatility that Trumpet is causing we have been unable to find a good spot to start a new swing trade.
I will keep you posted throughout the week.
Thanks
Good Price to Accumulate for Long TermCurrent price is trading at 3 times to Revenue/share which is on the lower side of it's historical valuation. Revenue has been growing over the years and it is trading at a good valuation. What else is needed to call it a good buy? Happy Investing :)
Will markets suffer a 30% drop?Will markets suffer a 30% drop?
The announcement of new U.S. tariffs caused a surprising wave of selling in financial markets, sparing no sector. The consequences of this decision have been shaken, and the market is now in a state of uncertainty.
The uncertainty has also affected monetary policy expectations, with investors now predicting more rate cuts by the Federal Reserve.
This is evident from the collapse in the probability of the “no cut” scenario according to the CME Fed Watch Tool. To make matters worse, the recent ISM data showed a sharp decline in new orders, a worrisome sign for future economic growth.
In addition, only 47 percent of companies listed in the S&P 500 are priced above their 200-day moving average, a level that in the past has been associated with average declines of 7.3 percent over the next 12 months. However, is it really justified to be so concerned?
A major cause of the panic is the Atlanta Fed's forecast, which significantly revised downward its estimated growth for the current quarter.
According to the GDPNow model, the annual increase went from +2.3 percent to -2.8 percent in just a few days. This dramatic revision has led many analysts to speak of a “Trumpcession,” pointing to a possible risk of recession under a new Trump administration.
It is important to note that the Atlanta Fed's forecast is an exception to most current estimates. For example, the New York Fed's Nowcast model still forecasts annual growth of +2.9 percent in the first quarter, in line with previous expectations. This suggests that the sharp drop in the forecast could be influenced by temporary factors or specific calculation methods. Not long ago, the same model predicted +4.0% growth.
Stock markets are in turmoil because of growing economic concerns. Technology stocks, which have been driving the stock market upward for years, are now among the main losers, with companies such as Nvidia and Tesla posting negative performances.
The aviation sector is also coming under pressure, with companies such as Delta Airlines seeing sharp declines in profits due to economic uncertainty. The financial sector is under particular pressure as banks increase their reserves for potential loan losses, a sign that credit quality may deteriorate in the coming quarters.
The volatility futures market is showing signs of concern as contracts maturing in March are more expensive than eight-month contracts. This “backwardation” has been present for four consecutive sessions and in the past has predicted long periods of impending turmoil.
Historical facts have shown that when volatility futures remain in backwardation for more than five days, the market suffered further losses in the following month with an average of 4.5 percent.
Hedge funds are adapting to the current economic situation and reducing their exposure to equities. Instead, they are focusing their investments on safer assets such as U.S. government bonds, highlighting strong pessimism among institutional investors.
Goldman Sachs statistics also reflect this trend, with a reduction in exposure to stocks similar to that seen during the market crash in 2020.
The history of financial markets has taught us that phases of volatility and panic are common and cyclical. Often, sudden fluctuations in economic expectations are driven by emotions rather than a rational response to hard data. It is important to note that the tariffs have not yet taken effect, so it is premature to draw firm conclusions about their impact on markets.
My prediction is that the tariff war will not materialize and the United States will soon come to an agreement. In addition, it seems increasingly likely that the conflict in Ukraine will end soon and the FED's interest rates will fall, which will have a positive effect on the market in the next quarter. I predict that the Nasdaq, S&P 500 and Bitcoin will recover at least half of their losses in the coming weeks.
GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are targeting the 1.851 level area with our short trade on GBP/CAD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
Link Long A historical pattern / movement from September / October 2019 might be repeating in real time.
Next update in 1 to 2 weeks.
usdt.d(based on Neo wave)This is the final branch of corrective wave and with breaking down 5.15 the bullish wave of crypto begins . for more information follow every counting of charts.
DAX H4 | Downtrend to extend further?DAX (GER30) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 22,277.36 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement.
Stop loss is at 22,640.00 which is a level that sits above an overlap resistance.
Take profit is at 21,746.73 which is a swing-low support that aligns close to the 78.6% Fibonacci projection.
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DOGE/USDT is a critical decision zone🧠 Technical Overview:
✅ 1. Price Action:
The price is forming a descending triangle pattern, which typically signals bearish continuation if broken to the downside.
It’s currently testing a key horizontal support zone around $0.164 – $0.18 USDT (marked in pink), a historical accumulation area.
Lower highs suggest sellers are still in control.
☁️ 2. Ichimoku Cloud:
Price is below the cloud, and both Tenkan and Kijun lines are pointing down → clear bearish trend.
No sign of bullish reversal from Ichimoku yet.
📉 3. RSI (14):
RSI is at 32.98, nearing the oversold region.
The RSI and its moving average are running close together, no strong divergence yet.
🔄 4. WTO (Wave Trend Oscillator):
WTO is deep in the oversold zone (around -50), and the blue and orange lines are slightly curling up → possible short-term bounce signal.
🔄 5. MACD:
The MACD histogram is shrinking on the negative side, showing bearish momentum is weakening.
However, MACD has not crossed above the signal line yet → wait for confirmation.
🧪 6. Cluster Algo:
No strong bullish signals yet from the cluster indicators.
Lines are compressing, which may indicate a potential breakout soon.
🔍 Key Levels:
Immediate Resistance: $0.20 – $0.21 USDT (Fib 0.236), further targets at $0.28 and $0.455 (Fib 0.786).
Critical Support: $0.164 USDT. If this breaks, price could head to $0.11 – $0.12 (previous lows).
🎯 Summary:
This is a critical decision zone – price is at the bottom of a descending triangle and testing strong support.
RSI + WTO are near oversold → a bounce is possible, but MACD confirmation is needed.
If support at $0.164 fails, price might drop sharply.
If it holds and volume picks up, a move toward $0.20 – $0.21 is likely.
ONENTRY ONENTRY
Wait for it !
GBP/JPY Overnight Range Breakout Strategy
Timeframe: 30 Minutes
Session: London Pre-Market (00:00 - 06:30 +2GMT)
Step 1: Identify the Overnight Range
Mark the high and low of the price range between 00:00 - 06:30 (+2GMT).
Wait for a clear breakout with a candle closing above (for longs) or below (for shorts) this range.
Step 2: Apply Fibonacci Levels
After the breakout, use the Fibonacci retracement tool:
Anchor Point 1: Start at the close of the breakout candle.
Anchor Point 2: Drag to the start of the impulse move (first candle of the range).
Key level for entry: 0.5 and 0.35 retracement.
Step 3: Trade Execution
Entry: Enter on a pullback to 0.5 and 0.35 Fib level after the breakout.
Stop Loss :
Long trades: Below the low of the breakout candle’s body.
Short trades: Above the high of the breakout candle’s body.
Take Profit Targets:
TP1: 1.0 Fib (1:1 risk-reward).
TP2: 1.25 Fib extension.
TP3: 1.6 Fib extenasion
TP4: 2.3 Fib extension (runner position).
Step 4: Trade Management
Move SL to breakeven when price hits TP1.
EUR/USD Retracement (and maybe more)Hey traders!
So as promised friday here's a breakdown for the week ahead for EURUSD and how I see things going forward.
First let's recap what happened on the larger timeframe: Daily:
Few things to note:
- The Weekly is in a downtrend since last year (and monthly for even longer)
- There has not been a single proper retracement until now as we finally did retrace almost to the 79%
That can mean two things: either we're gonna keep pushing up to make new highs as price reversed , or we're most likely done with the retracement and will push lower to target possibly the parity (remember all the talk after trump's election about heading straight to parity? we just broke above the election price level and diving back down at the moment) for new lows and and old important gap left below parity (but let's not get ahead of ourselves).
In both cases we can play a short position on EURUSD: If we're gonna make new highs, we'll probably get a pullback after the massive push up from march.. And if we're gonna make new lows then shorting is very obvious.
Why going short now? Simple answer: all the timeframes turned bearish this week, with the daily finally breaking the bullish structure on thursday's close (and more decisively on friday), while the 4h finally turned bearish on thursday as well (again if barely, but clearly on friday).
Since we want to trade with the trend, it makes no sense currently to take any long position until the situation change (which would be a break of this week's high)
To support the idea we can also look at the RSI's divergences, which appears on every timeframe but more importantly on the Daily recently and the 4H one which made a very respected trendline, only broken in what seems to be a fakeout when it made the last new high just to fall back in line afterwards (last liquidity grab)
Now about the entry to go short.
It's been a really tough week and with no clear easy entry on the 4+H timeframe imo, but while we had a good retracement on tuesday (while the trend was still up though), we didn't get any since then, which might give us an opportunity this week (unless it decides to dump real hard like it pumped real hard on the way up).
We have one very important level (currently, but it might change if price just keep going down, I'll try to update this page until we get the actual entry) at the 79%ish retracement level.
That's around where we have a big 4h gap that could get mitigated for the most ideal entry with the highest risk/reward ratio (around the 1.0885 level) with a stoploss around 1.093 for the safest location (there is a 4h gap there and while I think the retracement there was deep enough, it's a possibility that we'll be efficient enough to close this), or the 1.0918 level that should be safe.
That would be the ideal most efficient case, which is not necessarely the most likely, especially if we open going down on monday. Also I don't have the new pivots for the week since the markets are still close at the time of writing, I'll update that tomorrow if I have the time)
In the case it does pullback for a retracement, I would think 1.0873 is a more realistic target for a deep retracement, at a good support/resistance zone, which I believe to be still quite deep.
Monday has some news (unlike friday which reflects in the terrible volume and awkward movements despite being the quadruple witching day) so we might get those deep movement happening, on the news maybe even, in which case you'll have to be quick and nimble to catch the move, just prepare and be ready, do not react on impulse while seeing big candles and big movements.
How about the targets?
Like I mentioned we could be aiming for new lows on the pair.. or we might just be in a pullback on the daily, in which case we should be targeting the low hanging fruit that fits both narrative (and still grants a huge amount of pips)
And that would be the daily golden zone retracement at a very big support/resistance over the years (and in recent weeks) at around 1.053
That level should see reaction no matter what the case is and getting out of a short at that level should be great since we could still re enter short higher on a reaction if the market gives us the signal.
And if this was just a retracement to go higher then you would most likely exit at around the lows, if not THE low.
Of course we'll have to see how the market reacts etc at those levels when the time comes.
But there you have all my thoughts and intention for the weeks ahead, I wrote enough for you to understand the thoughts behind it, I didn't write all the technical details with the RSI etc but you can make it up from the screenshots etc I believe as it's been a long post already.
Here's what the big trade could be with more than 300pips to grab on the way down.
At the time of writing it's hard to place an exact entry as it could be decided either with the RSI or lower than expected if the price dives further before retracing.
But you have the big picture and you can go from there.
I'll be posting in the mind section this week as usual to update in a more reactive way, but if you set alerts at all the levels mentioned you shouldn't have to be staring at the screen for no reason!
Get plenty of rest, it's probably gonna be an eventful week with a lot of movement and possibly lots of big news (ukraine war, tariff approaching on the 2nd april etc etc)
USDT.D Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money. Tether has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border transactions across the blockchain.
CHECK GBPJPY ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINBaddy dears friends 👋🏼
(GPBJPY) trading signals technical analysis satup👇🏼
I think now (GBPJPY) ready for( BUY )trade ( GBPJPY ) BUY zone
( TRADE SATUP) 👇🏼
ENTRY POINT (192.950) to (192.850) 📊
FIRST TP (193.300)📊
2ND TARGET (194.700) 📊
LAST TARGET (194.200) 📊
STOP LOOS (192.200)❌
Tachincal analysis satup
Fallow risk management
USD/CAD "The Loonie" Forex Bank Heist Plan (Swing/Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Robbers, 🤑💰✈️
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the USD/CAD "The Loonie" Forex Bank. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Wait for the MA breakout then make your move at (1.41400) - Bearish profits await!"
however I advise to Place sell stop orders above the Moving average (or) after the MA level Breakout Place sell limit orders within a 15 or 30 minute timeframe most NEAREST (or) SWING low or high level.
📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs.
Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a sell stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊."
📌Thief SL placed at the nearest/swing High or Low level Using the 1H timeframe (1.42800) Day/Swing trade basis.
📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 1.40000 (or) Escape Before the Target
🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
💸💵USD/CAD "The Loonie" Forex Bank Heist Plan (Swing/Day Trade) is currently experiencing a bearishness,., driven by several key factors.👇
📰🗞️Get & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check 👉👉👉🔗
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
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I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
EURJPY Double Top - Bearish Reversal Ahead Toward Target!🔍 Chart Analysis: Identifying the Double Top Pattern
The EURJPY (Euro/Japanese Yen) 1-hour chart shows a classic Double Top pattern, which is a strong bearish reversal formation. This pattern occurs when the price reaches a significant resistance level twice but fails to break above it, indicating a potential shift from bullish momentum to bearish control.
1️⃣ Top 1: The first peak formed as buyers pushed the price higher, but strong resistance forced a pullback.
2️⃣ Top 2: The price attempted to break the same resistance level again but failed, forming a second peak at approximately 164.165, confirming that sellers are overpowering buyers.
3️⃣ Neckline (Support Level): The critical support level around 160.000 acted as a trigger for the bearish move. Once this level broke, the double top pattern was confirmed.
📌 Key Levels and Market Structure
🔹 Resistance (164.165): The highest level where sellers dominated, preventing further upward movement.
🔹 Support/Neckline (160.000): This level acted as a crucial pivot. Once broken, it signaled a trend reversal.
🔹 Take Profit Levels:
TP1 – 159.036: This serves as the first profit target, aligning with a prior demand zone.
TP2 – 157.200: The full projected downside move based on the double top pattern.
🔹 Stop Loss (SL): Above 164.165, ensuring a risk-managed approach in case of trend invalidation.
📉 Trading Strategy: How to Trade This Setup?
1️⃣ Entry Confirmation:
The ideal entry was after the price broke the neckline at 160.000 and retested it as resistance.
A breakdown candle with high volume confirmed seller dominance.
2️⃣ Stop-Loss Placement:
A stop-loss above 164.165 provides room for price fluctuations while protecting against false breakouts.
3️⃣ Profit Targets:
TP1: 159.036, securing partial profits.
TP2: 157.200, completing the double top measured move.
📊 Market Psychology & Price Action Insights
The double top pattern reflects a shift in market sentiment from bullish to bearish.
The repeated rejection at 164.165 signals a lack of buying strength, increasing the probability of a downward move.
The breakdown of the 160.000 neckline confirms that sellers have taken control.
The price action also shows a lower-high formation, reinforcing bearish momentum.
✅ Conclusion: Bearish Bias Until 157.200
This setup strongly favors short positions, as long as the price stays below 162.500.
A break above 164.165 invalidates the bearish setup, signaling a potential reversal.
Until then, the market remains bearish, with TP1 & TP2 as achievable downside targets.
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AUDUSD POTENTIAL LONG POSITION Q2 W14 Y25 FRIDAY 4TH APRIL 2025AUDUSD POTENTIAL LONG POSITION Q2 W14 Y25 FRIDAY 4TH APRIL 2025
Could well be the only position to provide fun coupons on a successful week of trading.
The concept is quite simple but does lack a few of our favourite confluences. If this was the beginning of the week, we would perhaps wait for a 15' break of structure but this takes away the Tokyo range fill confluences.
We require a tap into the 15' order block, followed by a bullish move from the point of interest. This in turn we wish to leave behind a void and order block creation. In the same breath, we require lower time frame breaks of structure since the break of 15' would not then give us enough time on an NFP Friday for price action to pull back to the low point of interest and a move long.
Lets see how it plays.
FRGNT x
correctionIt is expected that the corrective trend will form until the specified support levels. Then there is a possibility of a trend change and the upward trend will begin.
