EUR/USD Triangle Breakout (02.04.2025)The EUR/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.0736
2nd Support – 1.0707
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Supply_and_demand
BITCOIN | 4H | KEY POINTS Hey traders, what's up
I've marked the key levels for Bitcoin on the chart. Right now, it's holding within the 4-hour supply and demand zone. But if this level breaks, I expect Bitcoin to drop all the way down to around $78K.
For spot buyers, there’s no real risk at the moment. But if you're trading on margin and currently in the red, be extra cautious.
The market will liquidate you first, then move on its way.
Big thanks to everyone supporting my analysis with likes
I will provide continuous updates under this analysis.
DOGEUSDT | 1H | NOW IN SUPPORT ZONEHey traders
📉 Right now, Dogecoin is at a key support level. The 0.17514 zone is a critical support area, and we need to 👀 watch how it reacts from here.
📊 I believe this sharp drop happened due to the breakdown of the Head and Shoulders pattern.
⚠️ No need to panic—just wait for my analysis update!
⭐ Don’t forget to like 👍 so you don’t miss the next Dogecoin update! 🔔
EURJPY Approaching Key Resistance — Potential Sell SetupOANDA:EURJPY is approaching a key resistance level, an area that has been a key point of interest where sellers have regained control, leading to notable reversals in the past. Given this, there is potential for a bearish reaction if price action confirms rejection, such as a bearish engulfing candle, long upper wicks or increased selling volume.
If the resistance level holds, I anticipate a downward move toward 161.20, which represents a logical target based on previous price behavior and market structure.
However, if the price breaks above this zone and sustains above it, the bearish outlook may be invalidated, opening the door for further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
NZDJPY Approaching Key Resistance — Potential Sell SetupOANDA:NZDJPY is approaching a key resistance zone, a level where sellers have consistently stepped in, leading to notable bearish reversals in the past. This area is marked by strong selling pressure, increasing the likelihood of a bearish move if sellers regain control.
The current price action suggests that if the pair confirms resistance through signals like bearish engulfing candles, long upper wicks, or increased selling volume, we could see a downward move toward 86.100, which represents a logical target based on previous price behavior and market structure.
However, if the price breaks above this zone and sustains, the bearish outlook may be invalidated, opening the door for further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
XAUUSD Breaking Records: Bull & Bear Setups for the New Month 🔥 Attention all traders!🔥
XAUUSD is on fire, breaking records with power! Here’s the latest update:
🔻 Bearish Outlook: Watch for a potential dip below the 3076-3078 range. If it falls, targets like 3050 and 3030 could be in play. Keep an eye on these support zones! 👀
🔺 Bullish Outlook: A breakout above this range could open up buying opportunities! Look for price action above 3084 with targets at 3097 and 3110. 🚀
New Month Open Candle: As we step into a new month, keep a close watch on the market open candle 📅. This could set the tone for the next move!
💡 Risk Management** is key! Always trade smart and protect your capital! 💰
Join the discussion and share your thoughts! Let's ride this golden wave together! 🌟
WHEAT at Key Support Level - Will Price Rebound to 541$?PEPPERSTONE:WHEAT has reached a major support level, an area where buyers have previously shown strong interest. This area has previously acted as a key demand zone, increasing the likelihood of a bounce if buyers step in.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would strengthen the case for a move higher. If buyers step in, the price could rally toward the 541$ target. However, a decisive breakdown below this support would invalidate the bullish scenario and could lead to further downside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Best of luck , TrendDiva
EurUsd- The "big" move is down, not upLast week, TRADENATION:EURUSD reached a high of around 1.09 and has been consolidating ever since, now for the fifth consecutive trading day. Despite some weak upward spikes, the pair remains in a range-bound phase.
From a technical perspective, multiple resistance levels lie ahead, with the psychological 1.10 mark acting as a key barrier. Given the current price action, I believe this consolidation is more likely to result in a downside breakout rather than a continuation of the uptrend.
There is a strong possibility that EUR/USD will correct the impressive rally that began in early March.
With this outlook in mind, I see more downside potential than upside and I am considering selling into rallies, targeting a move toward 1.07.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
JPY/USD - Will we make a strong bounce?The JPY/USD is in a downward channel. Will it find support around 0.006 and rebound, or will it break below this key level?
The pair has nearly reached a major support zone—an area where buyers have previously shown strong interest. This level has historically acted as both strong resistance and support, increasing the likelihood of a bounce if buyers step in.
What do we want to see?
For a continuation to the upside, we need this level to hold as support. A bullish engulfing candle could signal a potential reversal.
If JPY/USD is to move lower, we need a clear break below support with high volume to confirm the breakout. In that case, lower prices could follow.
Thanks for your support.
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SPY Technical Outlook - Will Buyers Step In?AMEX:SPY is experiencing a corrective move after rejecting the upper boundary of the ascending channel. This rejection led to increased selling pressure, bringing price back to the lower boundary of the channel, where buyers may step in to defend the trendline support.
If the price holds at this dynamic support level, a bullish reaction could send AMEX:SPY toward the midline of the channel, with the next target around 607.00. Holding above this level would reinforce the bullish trend structure and increase the probability of continuation toward the upper boundary of the channel.
However, a breakdown below the trendline support would weaken the bullish outlook and open the door for further downside. Monitoring price action, volume, and confirmation signals will be crucial in determining the next move.
META at Trendline Support - Will Buyers Push Toward $696?NASDAQ:META is currently undergoing a corrective phase following a sharp rejection at the upper boundary of its ascending channel. The recent pullback has driven the price back toward the lower boundary of the channel, where buyers are now looking to step in.
If buyers manage to defend this support level, we could see a move toward the midline of the channel, with the next key target at $696. A break above this midline would confirm the continuation of the bullish trend, potentially bringing the price back toward the upper boundary.
However, a failure to hold trendline support could weaken the bullish outlook, leading to a potential breakdown and further downside pressure. Price action near this critical zone will be key in determining the next directional move.
Traders should monitor candlestick formations and volume for confirmation. As always, managing risk effectively is essential when trading this setup.
If you have any thoughts on this setup or additional insights, drop them in the comments!
Dow Jones at trendline support: Will it bounce to 44,812$?CAPITALCOM:US30 is undergoing a corrective pullback after forming a double top near the upper boundary of the ascending channel. The rejection from this resistance zone triggered increased selling pressure, driving the price back toward the lower boundary of the channel, where buyers are now looking to step in.
If buyers step in and defend this support, we could see a move toward the midline of the channel, with the next key target at 44,812. Holding above this level would reinforce the bullish trend structure and increase the probability of continuation toward the upper boundary of the channel.
However, a failure to hold trendline support could weaken the bullish outlook, leading to a potential breakdown and further downside pressure. Price action near this critical zone will be key in determining the next directional move.
Traders should monitor candlestick formations and volume for confirmation. As always, managing risk effectively is essential when trading this setup.
If you have any thoughts on this setup or additional insights, drop them in the comments!
AUDCAD Approaching Key Support - Rebound Towards 0.90150?OANDA:AUDCAD is approaching a significant support zone, highlighted by previous price reactions and strong buying interest. This area has previously acted as a key demand zone, increasing the likelihood of a bounce if buyers step in.
The current market structure suggests that if the price confirms support within this zone, we could see a bullish reversal. A successful rebound could push the pair toward the 0.90150 level, a logical target based on previous price behavior and current market structure.
However, if the price fails to hold this support and breaks below the zone with momentum, the bullish outlook may be invalidated, potentially opening the door for further downside continuation. Monitoring price action and volume in this area will be crucial to confirm a valid setup.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
HOOD - Get Great PricingNASDAQ:HOOD and I have had a mixed relationship over the years. I have had my biggest win on the HOOD brokerage (5,000% options trade, $1200 into 60k) and at the same time I was present for the Derogatory removal of the GME button (of which I had sold before they took that button).
After many years and brokerages, I find myself returning to HOOD but this time much more experience... To my surprise, I love the platform, and I still recommend it for new traders for the ease and UI. Honestly, unless you are dealing with BIG Volume or Hot-Keying out of Low float Penny stocks, It will suit you just fine.
Now Let's Talk HOOD.
In this MASSIVE range we are looking at High $67, and a Low of $35. Thats a 47% drop!
Although we have recovered a bit, Many are eager to find a way to get in the range. Here I have put together 2 scenarios to help you play your position with confidence.
Better Price = Better psychology
Whether we are shopping at grocery store, or if we are buying a car. Getting a good deal feels better. But how do you feel when you know you overpaid?
TLDR: The best deals are the lowest purple zone "Extreme Demand" if you are Long, "Reinforced Supply" (at the top) if you are looking to get short or take profit.
Under the HOOD
Currently Robinghood is running into a little bit of a supply zone labelled "Weak Supply"
This is a new player, and we don't yet know how just how big this player is. So far they have absorbed some of that buying pressure coming in, but I would not be surprised if they we overtaken or even gapped above come Monday. This brings us to our first Scenario
Scenario 1: Blue line
With the break above "weak supply", there is headroom all the way until 51.74. This is where we will see some supply initially and maybe a small rejection.
Why would it not reject back down to a demand area like 41? Great question.
If this overtakes that "Weak Supply" zone, this will make a strong case that there is momentum behind the wheels here. I think there will be a new player reinforcing this buying if this happens all the way to the Finale at $58.01. From here I would consider taking some profits, maybe partials, or looking for some Puts.
Scenario 2: Red line
Getting Rejected by "Weak supply" would be evidence that this move was fluff. Those two demand zones may try to hold a bit, but with the lack of buying interest in the
$45 area, this won't make those buyers feel confident.
This is different story when comparing to the "Extreme Demand" zone (lowest purple zone). Buyers here have PROVEN that this is something they are very interested and they are not done accumulating yet. So from this location buyers feel confident that they are getting a good price*( see fn. )
From here this should drive demand up again, crushing shorts, and sending another nice squeeze to test that supply at 51.71
WHEW! if you made it this far, I appreciate your time!
Upvote/Follow if you enjoyed this idea, there are many more to come!
Happy trading!
* (This is a good price, because buyers are showing that it is. Although, if it did come down here, this would be the 4th test of this area. I still think there will be strong demand here, but this isn't the best tests. 2nd and 3rd were stronger.)
A good bounce inbound after this monster sell off on OrangeJuiceAfter this monster sell off I have been looking for a good entry on the smaller time frame for a bounce back up to the large consolidation area around the .618 retracement of the move down shown here on the weekly.
I think I have got that on Wednesday with an open lower followed by a nice impulsive move up. The positioning is set for a reversal, with speculators massively still short, on the technical side we have the RSI turning up on the weekly and already crossed over on the daily.
I am in from the Wednesday close and will be looking to add on the move up with good pull backs followed by rejections on the STF.
Invalid if Wednesdays low is taken.