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ETH/USD Range Strategy: Key Levels for TradingThe provided content appears to be a snapshot of a TradingView chart for the Ethereum (ETH) to U.S. Dollar (USD) pair, dated February 28, 2025. Here’s an analysis and a potential trading idea based on the information: ### Analysis: 1. **Price Levels**: The chart shows Ethereum's price ranging from a low of around 1,200.00 to a high of 3,800.00. The current price seems to be fluctuating within this range, indicating potential support and resistance levels. 2. **Trend**: The chart spans several months, showing periods of volatility and consolidation. The price has experienced significant movements, suggesting that Ethereum is subject to strong market sentiment and external factors. 3. **Support and Resistance**: Key support levels are visible around 1,500.00 and 2,000.00, while resistance levels are around 3,400.00 and 3,800.00. These levels are crucial for identifying potential entry and exit points. 4. **Time Frame**: The data spans from March of one year to November of the next, indicating a medium to long-term analysis window. **Description**: - **Entry Point**: Consider entering a long position near the 2,000.00 support level with confirmation from bullish indicators. For a short position, consider entering near the 3,400.00 resistance level with bearish confirmation. - **Stop Loss**: Place a stop loss just below the 1,800.00 level for long positions or above the 3,600.00 level for short positions. - **Take Profit**: Aim for a take profit level near the 3,000.00 resistance for long positions or the 2,200.00 support for short positions. - **Risk Management**: Ensure proper risk management by not risking more than 1-2% of your trading capital on this trade. This strategy leverages the current range-bound movement of Ethereum, providing clear guidelines for entering and exiting trades based on key support and resistance levels. It also emphasizes the importance of risk management to protect your capital.
COINBASE:ETHUSDLong
by NexusTradesZone
3
EUR/GBP Breakdown – More Downside Ahead? Local Short! SellAnalysis & Description: The EUR/GBP pair is showing bearish momentum, having broken below a key horizontal resistance zone, confirming a potential downtrend continuation. Key Observations: ✅ Break & Retest Pattern: The price has broken below the previous support (now resistance) and is retesting it before further downside. ✅ Bearish Structure: Lower highs and lower lows indicate a continuation of the downtrend. ✅ Target Level: The next bearish target is marked around 0.82441, aligning with previous support. Trading Plan: 📉 Bearish Bias: A successful rejection from the resistance zone could provide a selling opportunity targeting 0.82441 and lower. ⚠️ Bullish Invalidations: If the price reclaims 0.82760, it could signal a fakeout and potential bullish reversal. Final Thought: EUR/GBP is in a clear bearish trend, and a rejection from the resistance zone could trigger a further decline toward the 0.82441 level. Stay cautious of any false breakouts! 📉🔥
Short
by NexusTradesZone
Key Liquidity Zone in Play – Sniper Bounce to ATH? (XAU/USD)Alright GTK Family! 🏆 Here are our key zones for today: 🔹 4H Bullish OB Holding… For Now – Price is currently respecting our 4H Bullish OB, but the chances of breaking through aren’t slim considering the extreme bearish momentum from market open. 📉 🔹 Liquidity Grab & Bounce? – If price breaks below the OB, I expect a sweep of liquidity at the Feb 10 Weekly Low, followed by a strong push back up towards ATH. 💧🚀 🔹 Bearish Scenario? – If price rejects upwards, the next key resistance is the 4H Bearish FVG, which could be a selling opportunity, but it would be a riskier trade. ⚠️ 📍 Key Levels to Watch: ✅ 4H Bullish OB – Holding as support (for now) 🟢 ✅ Feb 10 Weekly Low – Major liquidity zone 💧 ❌ 4H Bearish FVG – Potential sell area, but risky 🔴 🎯 ATH Target – If bulls regain control 🚀
FOREXCOM:XAUUSDLong
by GoldTraderKaan
Trading AUDUSD | Judas Swing Strategy 26/02/2025Last week the Judas Swing strategy had another action-packed week! As we took four trades across our selected currency pairs ( FX:GBPUSD , FX:AUDUSD , FX:EURUSD , OANDA:NZDUSD ), securing two wins and two losses, but still closing the week with a solid 2% gain. Given the strategy’s consistency over the past few weeks and months, we were eager to see how it would perform this week. On Monday, we waited for a setup on FX:EURUSD , but it fell just a few pipettes short of meeting all the criteria on our checklist. Since one key requirement wasn’t met, we stayed disciplined and skipped the trade. Now, here’s the important part—although that trade ended up being a winner, it didn’t bother us. Why? Because it didn’t align with our strategy, and we don’t risk our hard-earned money on trades that don’t check all the boxes. If you find yourself entering random trades, it’s time to create a checklist and stick to it. Discipline is what separates consistent traders from gamblers. Fast forward to Wednesday, we spotted a promising setup on FX:AUDUSD and we were eager to see how the session would unfold. After a sweep of liquidity at the lows, our focus immediately shifted to potential buying opportunities. Once we got a break of structure to the upside, all that was left was a retrace into the FVG before executing the trade. But patience was key—we reminded ourselves of Monday’s setup, where a similar scenario played out, yet the retrace never came. That trade had to be left behind, and we weren’t about to force an entry this time either Finally, price retraced into the FVG, and as soon as that candle closed, we were ready to execute the trade. We risk 1% per trade with the goal of securing a 2% return ensuring our wins outweigh our losses over time. With this strategy’s win rate hovering around 50%, sticking to our rules keeps us on the path to long-term profitability After entering the trade, we experienced a slight drawdown for less than five minutes, dipping just 2 pips nothing out of the ordinary. Our entry candle had closed in our intended direction, so we stayed patient. Soon after, price moved decisively in our favor, hitting our target in just 1 hour and 10 minutes. Our patience paid off this time with a solid 2% return on a trade where we had only risked 1%.
by CleoFinance