GBP/JPY setting up for a swing-trade short?My core bias this year is for the Japanese yen to outperform, and for yen pairs such as GBP/JPY, EUR/JPY and AUD/JPY etc to suffer.
We are currently within a countertrend bounce against a much larger bearish move on GBP/JPY, but a doji formed just beneath a resistance cluster on Thursday to suggest the bounce is pausing, if not correcting itself.
The 1-hour chart shows that volumes were rising while prices fell from Thursday's high, and volumes were lower as they recouped some of those losses. Yet with GBP/JPY now trying to form a bearish outside candle on the 1-hour chart, perhaps a swing high has already formed.
The near-term bias is bearish while prices remain beneath 192.50, and for prices to fall to at least the 38.2% Fibonacci ratio ~190.75.
Matt Simpson, Market Analyst at City Index and Forex.com
Swingtrading
Wait for the Swing DownThis is tempting to buy, but patience is key with swing trading to reduce risk. Coming from the world of crypto, this seems like it would take an eternity (2years). But it helps to know the direction it's headed if you did want to scalp it in smaller time frames.
Green arrow represents the safer swing trade.
Orange arrow represents same bull trend but will still end up in that buy zone anyways.
No RSI divergence yet, and MACD still mostly above 0.
PLUG power consolidation completed! Buy setupBuying now at discount levels near structural support. Expecting bullish thesis to be solidified once we recover above 1.9-2.2 levels.
Expecting fairly rapid progression to gap fill targets by 2026.
Strongly likely we see 6$ before summer 2025 & 10-12$ levels by end of yr
Planning to scale out of buy positions primarily at 10-12$ range. Will leave remainder for long term speculation for possible 14-20$ levels.
Broadcom - This Chart Is Just Splendid!Broadcom ( NASDAQ:AVGO ) is starting the rejection:
Click chart above to see the detailed analysis👆🏻
For the past decade, Broadcom has been trading in an obvious rising channel formation, perfectly rejecting the upper resistance as well as the lower support trendline. With the recent weakness, Broadcom is now preparing for a clean rejection away from the major reversal area.
Levels to watch: $250, $150
Keep your long term vision,
Philip (BasicTrading)
Nasdaq - Starting The Final Parabolic Year!Nasdaq ( TVC:NDQ ) is perfectly following the breakout:
Click chart above to see the detailed analysis👆🏻
Back in 2020 we already witnessed the channel break and retest, which was followed by a parabolic rally of another +50%. And in mid 2024, the Nasdaq again broke the channel trendline towards the upside, preparing the repetition of the parabolic rally which we saw four years ago.
Levels to watch: $30.000
Keep your long term vision,
Philip (BasicTrading)
BtcUsd is going to 120k/130k!What I see!
Looking for impulse up.
BtcUsd is going to 120k/130k after a bit more retracement. It might retrace to maximum 90k to 80k. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
Nvidia - This Will Change Everything!Nvidia ( NASDAQ:NVDA ) is creating a massive breakdown:
Click chart above to see the detailed analysis👆🏻
For the past decade, Nvidia has been trading in a rising channel formation, perfectly following major rally and retracement cycles. But now we are starting to see some weakness on Nvidia and a break below the smaller timeframe support trendline will lead to a massive move lower.
Levels to watch: $110, $60
Keep your long term vision,
Philip (BasicTrading)
Why you should choose your trading period carefullyFirst, let's look at the four most important trading sessions. The Forex and stock market is divided into different trading sessions, which are based on the opening hours of the main financial centers:
Session Opening Hours (UTC) Major Markets:
-> Sydney session 22:00 – 07:00 Australia, New Zealand
-> Tokyo session 00:00 – 09:00 Japan, China, Singapore
-> London session 08:00 – 17:00 UK, Europe
-> New York session 1:00 p.m. – 10:00 p.m. USA, Canada
Note: Times vary slightly depending on summer or winter time.
Why are trading sessions important?
-> Volatility & Liquidity
Depending on the session, there are different market movements.
High liquidity → tight spreads and better order execution.
Low liquidity → greater slippage and wider spreads.
-> Active currencies & markets
During the Tokyo session, JPY and AUD pairs are particularly active.
During the London session, EUR and GBP pairs are the most volatile.
During the New York session, USD pairs and stock markets moved the most.
Opportunities & risks during overlapping times:
The overlaps between sessions are the most volatile times because several major markets are active at the same time.
1. London-New York Overlap (13:00 – 17:00 UTC)
→ Highest volatility
Why?
The world's two largest financial centers operate at the same time.
Opportunities:
Big price moves → good for breakout traders and scalping.
High liquidity → tight spreads, fast order execution.
Risks:
Extreme volatility → rapid price changes can trigger stop losses.
News (e.g. US jobs data) can cause sudden movements.
Practical example:
A trader is watching EUR/USD and sees strong resistance at 1.1000.
US inflation data will be released at 13:30 UTC.
If the data is better than expected → USD strengthens, EUR/USD falls.
If the data is worse → USD weakens, EUR/USD rises.
Within a few minutes the price can fluctuate by 50-100 pips.
→ Strategy: News traders rely on quick movements, while conservative traders extend stop losses or pause during this time.
2. Tokyo-London Overlap (08:00 – 09:00 UTC)
→ Medium volatility
Why?
London opens while Tokyo is still active.
Opportunities:
JPY pairs (e.g. GBP/JPY) are moving strongly.
Breakouts through the European opening.
Risks:
Sudden changes in direction as European traders often have a different market opinion than Asian ones.
Practical example:
A scalper is trading GBP/JPY in a narrow range of 185.00 – 185.20 during the Tokyo session.
At 08:00 UTC London opens with GBP/JPY breaking above 185.50.
Within 30 minutes the price rises to 186.00 as European traders buy GBP.
If you recognize the breakout early, you can quickly take 50-100 pips.
→ Strategy: Scalpers rely on quick entries and take profits before volatility subsides.
3. Sydney-Tokyo Overlap (00:00 – 07:00 UTC)
→ Low volatility
Why?
Mainly the Asian market is active.
Opportunities:
Less volatility → good for range trading.
Cheaper spreads for AUD and NZD pairs.
Risks:
Little liquidity → Slippage may occur.
Strong moves are rare, except for major news from Japan or Australia.
Practical example:
A swing trader notes that AUD/USD has been fluctuating between 0.6500 and 0.6550 for days.
During the Sydney-Tokyo session the price mostly stays in this range.
The trader places a sell limit order at 0.6550 and a buy limit order at 0.6500.
Since there is little volatility, it can be profitable with multiple small trades.
→ Strategy: Range trading is ideal because no major breakouts are expected.
Conclusion:
Each trading session has its own characteristics, opportunities and risks.
The crossovers are the most volatile times - good for day traders, but risky for inexperienced traders. Anyone who understands the market mechanisms can take targeted action at the right time. The strategies mentioned above are simply derivations from the advantages and disadvantages of the respective sessions. Of course, a well-founded strategy concept requires much more.
GBPJPY: Bearish Continuation Ahead 🇬🇧🇯🇵
GBPJPY will most likely continue trading in a bearish trend
after a confirmed bearish breakout of a key horizontal support.
The broken structure and a falling trend line compose
the contracting supply zone now.
Chances are high that a bearish movement will follow from that.
Next goal - 186.0
❤️Please, support my work with like, thank you!❤️
[02/03] SPX Weekly GEX OutlookSPX shifted into a strong sideways trend after recent market whipsaws, but premarket today saw a sharp sell-off.
Now, let’s break down the GEX levels set for Friday’s weekly expiration (first weekly expiry). These are already reflected in today’s GEX data—check them on your indicator!
COMMENT: This week, we’ve started updating our seamless GEX & options indicators before the market opens . This has been a long-standing request from users—especially 0DTE traders, who will likely benefit the most.
Key GEX Levels for SPX
📍 Highest Positive Call Wall (Call Resistance): 6075
Acted as resistance last Friday, as it often does initially.
📍 Sideways Zone: 6000-6070 (Transition Zone with GAMMA flip)
Wide Transition Zone → Expect high volatility or slow drifting within this range.
Easy flow between positive and negative GEX profiles, meaning potential sharp moves in either direction.
📍 Put Support (Sum 4DTE): 5900
Very deep support—market is clearly pricing in fear of a potential future drop.
📌Below 6000, there are only negative NetGEX strikes down to 5900, which signals a lack of strong support until that level.
What This Means for the Week
📊 SPX opened (gapped down) in negative GEX territory—if buyers don’t reclaim this zone, we are in for a highly volatile week, potentially with a spiking VIX.
🚫 No reason for bullish optimism unless we break above 6070—until then, expect uncertainty and potential downside pressure.
PS: FINAL GEX ZONE COLORING SHEET
HOW-TO Swing Trade SolanaI take a much more conservative approach to trading - that's how the JSC - Swing Long is used. It simply finds extremely oversold moments (on larger time frames) and reaps the rewards. The strategy tester shows 82% win rate using this indicator, with an average 22.5% trade.
As of now, it's VERY close to triggering the BUY alert, but I can't be too hasty because of this bearish momentum we are seeing.
I am able to set alerts for this indicator, so as of now, I will wait for the BUY alert.
I designed it specifically for my students, especially beginners, to have confidence in their next trade.
SOL blockchain is the KING of meme coins - that's the main reason it gained so much value in this bull run. In order to buy meme coins, you had to buy Solana first, then swap it.
Keep it simple and have confidence in your next trade.
-JumpStartCrypto
[02/03] TSLA GEX Outlook for February expiration📌 Key Levels & GEX Insights
Gamma Flip Zone: ~400 (until Febr expiration)
Tight Transition Zone, Wide Clear Movement Range
Above 420 Call Resistance : Every strike has positive Net GEX, meaning a return to this range would likely support further balanced upside or sideways movement.
Below 375 : The next PUT support is at 350, so a break below this level could open the door for a deeper drop.
There are 3 weeks until expiration. IV and IVR remain high even after earnings.
Despite today’s selloff, the high call pricing skew is still attractive if we want to collect credit.
In this case, a call butterfly or broken-wing call butterfly could be worth considering—but strictly based on GEX levels.
PS: FINAL GEX ZONE COLORING SHEET
CHFJPY: Bearish Trend Will Resume Soon 🇨🇭🇯🇵
CHFJPY looks bearish on a daily after a violation of a significant support cluster.
The broken structure and a falling trend line compose a contracting
supply area now.
With a high probability, a strong bearish wave will follow from there.
Next support - 165.9
❤️Please, support my work with like, thank you!❤️
AUDUSD: Bullish Movement Continues 🇦🇺🇺🇸
AUDUSD violated a key daily horizontal resistance.
After a retest of a broken structure, the pair was nicely rejected,
indicating a strength of the underlined blue zone.
I think that the market will continue rising.
Next resistance - 0.6313
❤️Please, support my work with like, thank you!❤️
SPX Nears All-Time Highs – Is a Breakout Imminent?The S&P 500 Index (SPX) has been following a strong upward trajectory, consistently forming higher highs (HH) and higher lows (HL), indicating a bullish trend.
However, the price is now approaching a rising trendline that has acted as a key resistance multiple times in the past.
GBPJPY H8 - Long SignalGBPJPY H8
Leading on from yesterdays analysis too, we came into that 190.000 support price before catching bid again, not entirely sure how much mileage this may have, but there is certainly scope for this setup to start filling this void like we mentioned yesterday.
A large 300 point range which offers 5R from support to resistance and 5R from resistance to support.
SOXL Has Room to Run?This one has a double bottom look, with a higher low, and another 4% remaining to hit take profit enroute to retesting the neckline before breaking out (another 8% from here) or balance and fail! Stop loss of 5% is pretty steep, so typically I either lower my position size or stop loss. Even at 4% stop loss, according to backtest results this wins more than it loses and has done pretty decent in the past, as I have been forward testing this model for over the past 18 months and profiting from over 100 different equities that I signal on.
The King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes! SOXL and over 100 equities are built into this script with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off). Check out my script, as I am always looking for people to help test and I am always interested in feedback...