CADJPY Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for CADJPY below:
The instrument tests an important psychological level 109.05
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 108.00
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
Trading
EURJPY Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for EURJPY below:
The price is coiling around a solid key level - 163.20
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 161.54
Safe Stop Loss - 164.03
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
Bitcoin technical analysis + trade planThe chart shows a clear falling wedge formation. This is a bullish reversal pattern that suggests a potential upward breakout.
Price is nearing the wedge's apex, indicating that a breakout might be imminent.
Key Support and Resistance Levels:
Support Levels:
$88,671.83 (near-term critical support)
$86,000.00 (strong psychological support)
Resistance Levels:
$95,497.11 (short-term resistance near breakout zone)
$108,329.96 (target resistance post-breakout)
Indicators:
VWMC Cipher B Divergences:
Bullish divergence appears on the indicator, aligning with the falling wedge's bullish potential.
RSI:
RSI is below 30, indicating oversold conditions, which often precede a rebound.
Money Flow Index (MFI):
MFI is oversold, suggesting incoming buying pressure.
Stochastic Oscillator:
Stochastic is in the oversold region (<20), showing high potential for a bullish reversal.
Market Sentiment:
Given the oversold indicators and bullish pattern, the market is primed for a potential upside movement. However, confirmation of the breakout is critical.
Trading Plan:
Entry Strategy:
Enter long near the wedge's lower boundary (~$90,000), with a tight stop loss below $88,000.
Conservative Entry:
Wait for a breakout above the wedge's resistance (~$96,000) and enter after confirmation with a retest of the breakout level.
Stop-Loss Placement:
Place stop-loss below the nearest support level:
Aggressive traders: $87,500
Conservative traders: $92,000 (post-breakout retest failure)
Profit Targets:
First Target: $108,329.96 (major resistance level post-breakout)
Second Target: $114,000 (psychological level, based on historical price action)
Risk Management:
Risk no more than 1-2% of your portfolio per trade.
Use position sizing to balance risk-to-reward ratios (minimum 1:3).
Monitoring
Volume: Ensure the breakout is accompanied by increased volume.
Candle Structure: A solid close above $96,000 validates the move.
Invalidation:
If the price falls below $88,000, the wedge pattern is invalidated, signaling further downside.
Alternative Scenario (Bearish):
If Bitcoin breaks below $86,000, expect a test of lower levels. Potential targets include $82,000 and $78,000.
Bitcoin is poised for a significant move. The falling wedge, oversold indicators, and strong support levels suggest an imminent bullish breakout. However, patience for confirmation is key to minimizing risk and maximizing gains. Adjust your strategy dynamically based on market conditions.
DXY Will Grow! Long!
Here is our detailed technical review for DXY.
Time Frame: 30m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 108.242.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 108.539 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
BITCOIN Will Go Lower From Resistance! Short!
Take a look at our analysis for BITCOIN.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 95,186.
The above observations make me that the market will inevitably achieve 90,936 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
GBPNZD Will Go Lower! Sell!
Here is our detailed technical review for GBPNZD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2.218.
Considering the today's price action, probabilities will be high to see a movement to 2.208.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
DXY Will Go Up From Support! Long!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 106.945.
Taking into consideration the structure & trend analysis, I believe that the market will reach 108.251 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
USOIL LONG FROM SUPPORT
Hello, Friends!
We are going long on the USOIL with the target of 70.67 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
GBP/USD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP/USD is making a bearish pullback on the 6H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.262 level.
✅LIKE AND COMMENT MY IDEAS✅
EUR/USD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
It makes sense for us to go long on EUR/USD right now from the support line below with the target of 1.059 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
✅LIKE AND COMMENT MY IDEAS✅
CAD/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Bearish trend on CAD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 107.832.
✅LIKE AND COMMENT MY IDEAS✅
After the US pivoted monetary policy : ??At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future.
Previously, gold investors were disappointed when the Fed sent out an unfavorable signal right after the monetary policy meeting on December 18. The US Central Bank issued a new forecast, showing that there will be 2 rounds of 25 basis point interest rate cuts next year.
According to independent metal trader Tai Wong, Fed Chairman Jerome Powell revealed that he will slow down the process of cutting interest rates in the context of persistent inflation.
This message from the Fed will make the gold price trend worse in the long term.
According to analysts, the gold market has been volatile at times after the US pivoted its monetary policy. Specifically, the FED is expected to cut interest rates by a total of 0.5 percentage points only twice in 2025. This is a big change compared to the FED's announcement in September 2024 that there would be 4 interest rate cuts next year. This move has stimulated a very strong increase in the price of the USD and US bond interest rates.
Because gold is priced in USD, when the "health" of this currency is stronger, it will put pressure on the price of this precious metal. Higher US bond interest rates have attracted investors to put capital into bonds, reducing demand for gold.
AUD/JPY Short and GBP/AUD ShortAUD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/AUD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
Technical Analysis of NIFTY Index - 30-Minute TimeframeDouble Top Pattern:
The chart shows a double top pattern (marked as "Top 1" and "Top 2"), which is a bearish reversal pattern.
The neckline for this pattern has been broken, confirming bearish momentum. The pattern suggests that the uptrend has reversed, leading to a downward move.
Falling Wedge Pattern:
After the double top, the index has formed a falling wedge, which is typically a bullish reversal pattern.
The price has broken out of the falling wedge, signaling the potential for a short-term bounce.
Targets:
Immediate Upside Target: The breakout from the falling wedge suggests a potential recovery toward 24,200–24,300.
Downside Target: If bearish momentum resumes, the index could move toward 23,500 as marked on the chart.
Volume Analysis:
The breakout from the falling wedge is accompanied by a slight increase in volume, which supports the bullish case. However, sustained volume is needed for the uptrend to continue.
Support and Resistance Levels:
Support:
Immediate: 23,800
Stronger: 23,500
Resistance:
Immediate: 24,200–24,300
Extended: 24,500
Moving Averages:
The index is currently trading near its short-term moving averages, which could act as dynamic resistance. A breakout above these levels would confirm further bullish momentum.
Fundamental Analysis of NIFTY Index
Macroeconomic Environment:
Global Factors: Uncertainty in global markets, including rising interest rates and geopolitical tensions, have added to the volatility in Indian markets.
Domestic Growth: India's economy continues to grow steadily, supported by strong consumer demand, government infrastructure spending, and a robust services sector.
Sectoral Performance:
IT and Pharma: Defensive sectors like IT and Pharma have seen relative strength amid global uncertainties.
Banking and Financials: Despite some recent corrections, banking and financial services continue to drive the index, supported by rising credit growth and strong results from private banks.
Metals and Energy: Global commodity prices and demand from China remain key drivers for metals and energy stocks.
Corporate Earnings:
Indian corporates have shown resilience with steady earnings growth, particularly in the FMCG, banking, and auto sectors. However, margin pressures persist in some sectors due to higher input costs.
Valuation:
NIFTY's valuation remains slightly stretched compared to historical averages, suggesting room for further correction. However, strong long-term growth potential keeps the outlook positive.
Key Risks:
Rising interest rates globally could tighten liquidity.
Any further escalation in geopolitical tensions or slower global growth could impact market sentiment.
Conclusion:
Technical Outlook:
NIFTY has formed a double top, confirming bearish momentum, but a breakout from the falling wedge offers a short-term bullish opportunity.
Upside Targets: 24,200–24,300
Downside Risk: 23,500 (if bearish momentum resumes)
Fundamental Outlook:
India’s economic fundamentals remain strong, supported by consumer demand and government spending.
While the market faces short-term headwinds, the long-term outlook remains positive, making this an opportunity to accumulate quality stocks during corrections.
GBPAUD Bullish Trade Idea from 2.00381-2.0082GBPAUD Bullish Trade Idea
The price fell from the 2.02834 zone and hit back the 2.00381 zone, just respecting the recent support level.
Now the important question is: does the price just test back and wait for the confirmation candle over this zone to reach the next level?
In H4, the bear pressure will increase over time, and the volume increased with sentiments also showing that more volume on the buy side. and the major zone will be tested.
Key level: if the market breaks the support, then we must see at the 1.99567 zone, but on the other side, the Pound index is strong enough.
When the market breaks the 2.00820 level, put buy trade.
Buying zone: 2.00381 - 2.0082
Stop loss: 1.99778
Take Profit Level: 2.0158-2.02763
#ETHEREUM - BUY THE DIP LIKE A CHILL GUY ?Is now a good time to go long on Ethereum?
Looking at the Fibonacci levels, we can see that Ethereum has just bounced off the golden pocket. This could signal a strong potential for upward momentum.
Here’s my idea:
1. Enter a long position here and aim to hold until the 1.618 Fibonacci extension level.
2. Along the way, consider scaling into the trade at key retracements to maximize gains while managing risk effectively.
What are your thoughts? Would you take this trade, or do you see other opportunities forming? Let’s discuss below!
FULL Trading Portfolio Update! How I'm positioningFULL Trading Portfolio Update! How I'm positioning for what comes next in the markets.
In this video, we will discuss:
-How I'm positioning my trading portfolio right now
-All my current H5 trades
-All trades I CUT loose
-What comes next!
Check it out now for all the updates and some great trade ideas
Not financial advice.