No trades on EURUSDWe’re still waiting for a trend reversal on H1.
Sells were end and there are no grounds for new ones.
Retail Sales coming today.
Pullback from the levels below 1,0840 and breakout of a previous top, will confirm a reversal.
Meanwhile we’re heading towards crosses and waiting for a confirmation on the major instruments.
Sfp
SafePal (SFP) Holding Strong at Key Support ZoneBINANCE:SFPUSDT appears to be showing strong support around the $0.4 zone, which has held steady for nearly 50 days. Additionally, the long-term uptrend trendline has provided a recent bounce, indicating positive momentum for #SafePal.
Currently, the price appears to be consolidating within a range between $0.4 support and $0.52 resistance areas. With several bullish factors in play, there is a strong likelihood of the price moving towards the top of the range or even surpassing it.
Traders looking to take advantage of this potential uptrend may consider long positions with appropriate risk management strategies in place, while monitoring key support and resistance levels for any signs of a trend reversal.
Important levels on EURUSD During the yesterday’s news we saw fluctuations in range 1,1000-1,1060.
Currently, it’s important to see breakout outside of that candle.
Key support level is 1,1000.
Upon pullback from this level we can expect another rise towards 1,1060 and test of the previous tops.
On breakout , we’re headed for a test of 1,0960 and the previous lows.
2 options for EURUSD Yesterday we saw an impulse decline in EURUSD.
This means that the rise has no strength for now and it’s more likely to heading towards test of the low at 1,0900.
Depending on weather we see breakout of the bottom or pullback , the next trades will be confirmed.
There are conservative and aggressive options for entries.
With the conservative one it’s necessary to wait for the development and enter into trade after confirming the direction.
It could happen tomorrow after the news.
On the aggressive side, a continuation of the impulse movement and a test of the bottom of 1.0900 is sought.
Sfp detailed analysis Sfp will go down to Big Red trend line.
(Reason : Sfp breakdowns the small red trendline.)
If two 4hrs candle closed below the big red line then price will keep going downward.
(Reason: Big triangle breakdown will happen)
But if Sfp doesn’t break it then price will go upto small green line
( Reason: to complete inverse head n shoulder)
If price breaks this head n shoulder, then price will go up to big green line. If price breaks it too then only up up up.
( Reason: Big triangle breakout)
SFP is preparing for a breakout! +20% on the spot.Hello everyone! I want to draw your attention to SFP. After a local correction, the asset began an upward movement, thus forming an ascending triangle pattern.
Pay attention to how the price reacts to Fibonacci levels within this range.
The target for this trade is $0.6.
This is not a financial recommendation, and everything you do is done at your own risk.
SFP/USDT 1D. Basic trend. Local situation. Channel.In the basic trend of the coin a downtrend channel has formed. The price is now near the medium of that channel.
In the secondary trend we have pumps from time to time. From the last pump a downtrendline has formed in the secondary trend.
In was broke out and retested. Shown on the chart. From that breakout a symmetrical triangle started to form. The basis of it is 180%(666).
The price locally is near the support of that symmetrical triangle. Locally it's in consolidation for more than a month with buy outs time to time.
The nearest local target is the resistance of that triangle(near 40%). The more medium term target is about 180% which lays on the top of the basic trend channel(downward one), the top of the secondary trend up channel and it's also the target of the secondary downtrend(which was broken previously).
With this coin also it's brother TWT might move, but the cap of the last one is slightly higher than the SFP.
Also i guess it's worth to notice that there was a manipulation with the capitalization of SFP. It raised more than 3x, while the priced hasn't moved that much.
You can check it on the coinmarketcap on the page SFP, by clicking market cap near the chart.
With TWT, however there's no such thing happening, but there is abnormal capitalization from the start of the trading pair on binance(huge pump before listing).
Time cycles also tell us that there's a pump possible closer to 14-16 april.
I attached my ideas on ru language. It's on TWT and SFP.
Patterns, CME Gaps & Golden Pocket RocketCheck notes on the chart.
1) Bearish Rising Wedge
2) Descending Triangle
3) Ascending Triangle
Expansion Creating CME Gap, aka Futures Liquidity Gap. (These almost always get backfilled.)
4) Current Pattern, Bullish Ascending Channel.
We had a fake out to flush the longs, and create liquidity, and to backfill the CME Gap.
All other narratives are fun stories.
We have since course corrected violently, failing to break out of the previous range, creating a Swing-Failure , which is locally bearish. This likely retraces to 23k, before a continuation higher to fill the next CME gap around $27,355 and $28,740 .. of course some profit taking, or other exogenous events such as the indexes falling could correlate with some pull backs, but ultimately I'm expecting 35k to fill this year.
Strong resistance there, likely to struggle to get above.
If it does, the next gaps that could be liquidity grabs are
$45,000-$46,500
$52,500-$53,500
I don't believe we see a new ATH this year or next. 2025 is my target for ATH, which I believe we be a minimum of 130k and a max of 180k. I will scale out of positions between those two prices.
Bullish Swing On EURCHFEIGHTCAP:EURCHF
We have a nice reversal setting-up on EURCHF so I'm watching for price to possibly pierce a previous swing low, which is at ATR and the bottom of the wedge, and ideally close as an SFP.
My target will be today's ATR hight to close the position before the weekend.
Enjoy,
The Meditrader
Bullish Swing Trade On GBPUSDEIGHTCAP:GBPUSD
GBPUSD is currently trading within a range, which is ideal conditions for swing failure patterns. I'm looking for continued downside price action into the 1.19226 swing low to test that level and probe liquidity. This also lines up with the ATR which should add a strong additional confluence, in addition to the 3rd push wedge which will have formed. We will need to see an SFP bar for our entry signal so set your alerts.
My target will be the upper swing of 1.21439.
Enjoy,
The Meditrader
Expecting some upside on the US30EIGHTCAP:US30
Here on the 4 hour chart, we can see price action forming an expanding wedge. Knowing there is are still imbalances to the upside that are likely to get filled before any more dramatic moves down, I'm looking for the bulls to take control around the ATR of 33189 where I'll be bidding this market. This area will be the 3rd push on the wedge, meeting ATR and likely to see RSI around the 20. The ultimate situation will see the 4 HR chart finish as an SFP at this level. My stop loss is set below the next swing low and I'm targeting the top of the expanding wedge, which is also a major swing high.
The prophet of profits,
The Meditrader
US30 forming one of the most consistent patternsEIGHTCAP:US30
Of all the patterns I've traded, the trend line breakout, especially on the US30, has been very consistently profitable. When I see it being formed, my bias begins to shift in that direction.
The US30 is currently forming a flag, with indecision and growing tension being expressed from market participants. What I'll be looking for, as a follow-up to my previous US30 analysis, is a move down to test the previous swing low and to probe liquidity beyond that. Should this happen, it will be an aggressive move down there but also a sharp recoil back to close above the swing points low, which will form the SFP bar. This will also be just beyond the ATR, creating even more reaction in this zone, and also a 3rd push down, creating a descending wedge for even more bullish bias.
From there, I expect the trend line on the H4 to be completed and for the reversal to unfold. Target for this trade would be towards the top of the flag, at previous resistance just below the highest swing point.
Stop would be placed below the SFP bar.
Note: My long position E/S/TP are based on approximations of what would be close to ideal should this unfold as I anticipate.
Bearish Play on USDCHFEIGHTCAP:USDCHF
Last Friday's daily bar closed as a shooting star, indicated bearish sentiment. On top of that, it also finished as a SFP (Swing Failure Pattern) from a previous swing high, another bearish confluence.
I'm expecting a run down to the previous swing low which is where I'll be taking profit.
Entry is at an imbalance and stop is set above the most recent swing high.
SFP is breaking out
SFP has been consolidating in a Darvas box since May 2022.
It is breaking out and could reach 50% target. First, the "Trendline 1" must be broken, which would be a trigger to break also the Darvas box.
Target will be the next weekly resistance (50% profit from breakout point eventually). The SL should be below the MA 200D.