BankNifty levels - Apr 17, 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.
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Supply and Demand
Nifty levels - Apr 17, 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!
BG - Bunge Limited (Daily chart, NYSE) - Long PositionBG - Bunge Limited (Daily chart, NYSE) - Long Position; short-term research idea.
Risk assessment: Medium {support structure integrity risk}
Risk/Reward ratio ~ 3
Current Market Price (CMP) ~ 75.80
Entry limit ~ 75.50 to 74.50 (Avg. - 75) on April 15, 2025
Target limit ~ 78 (+4%; +3 points)
Stop order limit ~ 74 (-1.33%; -1 point)
Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter.
LEGEND:
{curly brackets} = observation notes
= important updates
(parentheses) = information details
~ tilde/approximation = variable value
-hyphen = fixed value
SHORT ON NZD/USDPrice is in a overall uptrend but has started its pullback phase from the high.
Got a choc (change of character) to the downside as well as equal highs/ double top forming.
Dollar news just came out positive and there is a good chance this pair could fall 200-300 pips by the end of the week.
Chevron (CVX) / US Dollar Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Chevron (CVX) / US Dollar Quote
- Double Formation
* (A+ Set Up)) At 90.00 USD | Completed Survey
* (Flag Structure) | Subdivision 1
- Triple Formation
* ((No Trade)) & Area Of Value | Subdivision 2
* (TP1) | Subdivision 3
* Daily Time Frame | Trend Settings Condition
- (Hypothesis On Entry Bias)) | Logarithmic Settings
- Position On A 1.5RR
* Stop Loss At 125.00 USD
* Entry At 135.00 USD
* Take Profit At 148.00 USD
* (Uptrend Argument)) & Pattern Confirmation
* Ongoing Entry & (Neutral Area))
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
#XAUUSD: $3400 On The Way! Get Ready For Record High! Gold has rebounded to previous highs, maintaining a bullish trend. We expect it to continue this momentum, potentially reaching $3400 in the long term. To set take profit, consider $3250, $3300, and $3400. Use accurate risk management and conduct your own research before trading gold.
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Team Setupsfx_
GOLD Trending Higher - Can buyers push toward 3,300$?OANDA:XAUUSD is trading within a well-defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting a potential continuation.
The price has recently broken above a key resistance zone and may come back for a retest. If this level holds as support, it would reinforce the bullish structure and increase the likelihood of a move toward the 3,300 target , which aligns with the channel’s upper boundary.
As long as the price remains above this support zone, the bullish outlook stays intact. However, a failure to hold above this level could invalidate the bullish scenario and increase the likelihood of a pullback toward the channel’s lower boundary.
Remember, always confirm your setups and use proper risk management.
EUR/USD- Elliott Wave + Smart Money Concepts (SMC)SMC Insight
Supply Zone Marked: Between 1.1500 – 1.2000.
Price is heading toward the supply zone.
On the right visual, schematic shows:
Liquidity build-up below equal highs.
Possible liquidity grab just above the supply zone.
Expect reaction or reversal around that supply.
---
Trade Bias
Short-term: Bullish (momentum and structure are up).
Long-term: Watch for reaction at the 1.1500–1.2000 zone. This could be a major sell zone if price shows rejection/mitigation signs
AERGO: Golden Pocket Hit – Crash Incoming?On April 3rd, AERGO hit a historic low of $0.04746—and just 13 days later, it's trading around $0.60, an astonishing +1500% surge in less than two weeks. The rapid rise begs the question: What are the bulls aiming for next, and how sustainable is this move?
Key Observations:
Explosive Rally:
AERGO’s meteoric move from $0.04746 to $0.70 in just 13 days has propelled the coin into uncharted territory. Such a dramatic spike is not only eye-catching but also raises concerns about overextension.
RSI Overbought:
The daily RSI sits at 98, indicating extreme overbought conditions. This level suggests that the current rally is unsustainable and may be ripe for a pullback.
Historical Resistance Levels:
Looking back at 2021, key highs were established around $0.60 to $0.62. These levels serve as critical resistance zones.
Fibonacci Confluence:
Taking the Fibonacci retracement from the low at $0.04746 to the previous rally's high at $1.0809 (April 13, 2024), the 0.618 level is projected at $0.68613. The bulls just tested that golden pocket.
Trade Strategy & Potential Setups:
For Longs:
With the market showing signs of being overbought (RSI at 98) and the explosive move possibly winding down, this may be the perfect opportunity to take profits rather than accumulate further.
Take Profit Consideration:
Target: Near the 0.618 fib retracement at $0.68613.
Observation: If bulls push beyond this level, the move might extend — however, the risk of a sharp pullback is high given current overbought conditions.
For Shorts:
A corrective move is very much on the table, and traders looking to short should focus on the key resistance zone between $0.60 and $0.70.
Short Setup:
Entry: Look to initiate shorts near the $0.60–$0.70 zone.
Target: $0.4 and $0.2 as take profit targets
The Big Question:
Will AERGO drop as sharply as it surged? Given the extreme overbought conditions and the rapid, unsustainable spike, a healthy—and perhaps brutal—correction seems very possible. Keep a close eye on volume and price action near the $0.60–$0.70 resistance zone and be ready to adjust positions accordingly.
Anyone riding this wave has experienced one of the wildest moves in recent memory. For those in long positions, consider taking profits now; for potential short traders, watch those key levels tightly. The market's rhythm will soon reveal its next chapter.
USDCHF: Your Next Bearish Signal 🇺🇸🇨🇭
USDCHF is consolidating after a massive selloff that we saw last week.
The price formed inside bar candlestick pattern and is currently
stuck within the range of the mother's bar.
Your next confirmation to sell will be a violation and a candle close
below 0.8098.
With a high probability, the pair will continue falling then
and reach at least 0.8 psychological level.
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THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Good day to have away from the markets as nothing has really happened on Gold since the London session. We did say support 3210 needs to break, and it's given numerous opportunities to take the red box trades, apart from that nothing exciting compared to recent PA.
We have a slight break here with resistance 3230 above which is likely, we want to see if they can break through and attempt that 3250-55 region shown on the chart. We're accumulating so we can expect a breakout, lets see how that level reacts if it gets there.
Not much more to report on.
As always, trade safe.
KOG
GBPUSD BUY 1.3250On the daily chart, GBPUSD stabilized and moved upward after stepping back to the support of the upward trend line, and the short-term bullish trend is obvious. At present, the upper side focuses on the previous supply area of 1.331-1.343. A breakthrough will further open up the upward space. At present, you can pay attention to the buying opportunity near 1.3250.
UPDATE ON GBP/USD TRADEGBP/USD 1H - Morning people, I hope you are all okay. As you can see price has played out again very well during the Asian session. I believe we will see our TP achieved by the end of todays NY.
With price setting new highs and lows above our entry I believe we safe to move our SL to breakeven to avoid taking any losses from this position. A reversal here would mean longer term bearishness anyways.
This trade is currently running + 152 pips. (+ 6.4%) 6.4RR
A big well done to those of you who jumped in on this trade, if you have any questions with regards to the analysis or the position itself then please drop me a message or comment below and I will get back to you as soon as possible.
Ensure you are managing your trades correctly. I have gone ahead and moved my SL to Entry and I have also taken another partial to bank profits and remove any unwanted risk.
Gold Wave Analysis – 16 April 2025- Gold broke resistance zone
- Likely to rise to the resistance level 3300.00
Gold recently broke the resistance zone between the resistance level 3200.00 and the resistance trendline of the daily up channel from January.
The breakout of this resistance zone accelerated the active short-term impulse wave 3, which belongs to the intermediate impulse wave (3) from November.
Given the clear daily uptrend, Gold can be expected to rise to the next resistance level 3300.00, the breakout of which can lead to further gains toward 3400.00.
XAUUSD Intraday trade idea 16/04/2025Yesterday’s price action and the Asian session saw Gold break cleanly through the 3225 and 3230 buy zones, pushing over 600 pips to a new all-time high of 3291. With this kind of extended move and news expected later today, Gold will stay on the watchlist until a proper pullback forms. Key levels to watch for buy setups are 3265 and a deeper retest around the 3238 key level we originally broke out from.
AUDUSD Discretionary Analysis: Recovery Mode ActivatedIt’s that feeling when the engine’s been cold for a while, but now it’s starting to rev. AUDUSD is flashing signs it wants to push up — not in a rush, but with purpose. I’m seeing strength building, like it’s getting ready to climb. Recovery mode’s not just activated — it’s already in motion. I’m calling for upside here. If it plays out, I’ll be riding the move. If not, hey, I’ll wait for the next setup. But right now? I like the long.
Just my opinion, not financial advice.
NZDUSD Discretionary Analysis: Bounce at 0.59Hello traders.
NZDUSD has potential for me. I'm expecting the momentum to continue, and I've got my eye on that 0.59 level to get involved. That's where I'll be looking for a setup.
Discretionary Trading: Where Experience Becomes the Edge
Discretionary trading is all about making decisions based on what you see, what you feel, and what you've learned through experience. Unlike systematic strategies that rely on fixed rules or algorithms, discretionary traders use their judgment to read the market in real time. It's a skill that can't be rushed, because it's built on screen time, pattern recognition, and the ability to stay calm under pressure.
There's no shortcut here. You need to see enough market conditions, wins, and losses to build that intuition—the kind that tells you when to pull the trigger or sit on your hands. Charts might look the same, but context changes everything, and that's something only experience can teach you.
At the end of the day, discretionary trading is an art, refined over time, sharpened through mistakes, and driven by instinct. It's not for everyone, but for those who've put in the work, it can be a powerful way to trade.