Chart Patterns
Crude Oil's Bearish Trend Continues: Intraday Trading StrategiesDuring the US trading session on Monday, crude oil recovered part of the losses from the sharp decline at the opening of this week. Previously, OPEC+ unexpectedly increased production again, causing crude oil to continue the bearish trend that has been gradually taking shape since March.
Today, the price of crude oil first rose and then fell. After hitting a new low, the upward trend continued, but when it reached around $57.7, it encountered significant resistance. Looking ahead, it is expected that crude oil will experience an oscillation phase first, and then continue its downward trend.
Currently, crude oil is still in a bear - dominated trend. For intraday trading strategies, it is recommended to focus on short - selling on rallies and use buying on dips as a secondary approach. Pay close attention to the resistance range of $57.7 - $58.5 on the upside and the support range of $55.5 - $54.0 on the downside.
USOIL
sell@57.30-57.50
tp:56.50-56.00
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BTC Traders: Buy the Dip or Wait for the Break?Bitcoin broke out of its range, hit 97K, and is now consolidating near key resistance at 99K. Traders are watching for either a bullish breakout or a dip to buy. Watch the video to learn more.
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Gold price sticksGold price (XAU/USD) sticks to its modest intraday gains above the $3,250 level through the Asian session on Monday, though it lacks strong follow-through buying or a bullish conviction. Against the backdrop of the protracted Russia-Ukraine war, an escalation of the Middle East conflict keeps the geopolitical risk in play. Furthermore, the uncertainty over US President Donald Trump's tariff plans weighs on investors' sentiment and benefits the traditional safe-haven precious metal.
Meanwhile, heightened economic uncertainty on the back of Trump's tariffs fails to assist the US Dollar (USD) to capitalize on the upbeat US monthly jobs report-inspired bounce. Apart from this, bets for an imminent start of the Federal Reserve's (Fed) rate-cutting cycle lend additional support to the non-yielding Gold price. Traders, however, seem reluctant to place aggressive bets and opt to move to the sidelines ahead of a two-day FOMC policy meeting starting on Tuesday.
Bitcoin (BTC): Looking For Re-Test of $92,000Weekends were pretty bloody, where we had a strong sell-off on the markets, but yet we did not see the proper re-test of the local resistance zone (which is still the resistance and now proper support zone).
We are looking for the price to decline back towards the GETTEX:92K , where we will be looking either for further downward movement or upward movement.
We set both sell and buy entry zones for us so let's wait now
Swallow Academy
My buy view for NVIDIA stock explained My buy view for NVDA.
If positive fundamentals continue to outweigh bad news, we are likely to see NVDA push further up towards $120, $130, $140, and then its previous peak of $150.
Trade with care if you are day trading, but this baby is still selling at discount in my view
WTI Oil H4 | Rising into a swing-high resistanceWTI oil (USOIL) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 59.71 which is a swing-high resistance that aligns close to the 50.0% Fibonacci retracement.
Stop loss is at 62.30 which is a level that sits above an overlap resistance.
Take profit is at 55.10 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Nasdaq-100 H4 | Falling toward a pullback supportThe Nasdaq-100 (NAS100) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 19,595.55 which is a pullback support.
Stop loss is at 18,900.00 which is a level that lies underneath an overlap support.
Take profit is at 20,343.35 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURCAD SELL TRADE PLAN📈 🔥 EURCAD TRADE PLAN 🔥
📅 Date: May 05, 2025
📋 Trade Plan Overview:
* Type: Intra-Day
* Direction: Sell
* Confidence: ⭐⭐⭐⭐ (82%)
* Risk:Reward: 3.1:1
* Status: Awaiting Confirmation
Guidance:
Prioritize this plan due to high structural and volume alignment + sentiment skew. Total portfolio risk = 0.50%.
Primary Trade Plan: Intra-Day – Sell
📈 Market Bias & Trade Type
* Bias: Bearish
* Trade Type: Continuation
*
🔰 Confidence Level
* ⭐⭐⭐⭐ (82%)
* Reason: H4 OB + liquidity sweep + internal BOS + D1 bearish structure
* Breakdown: OB 30%, Liquidity 22%, Volume spike 15%, Macro 15%
*
📌 Status
Awaiting Confirmation
📍 Entry Zones
🟥 Primary Sell Zone: 1.5675–1.5695 (H4 OB + 61.8% Fib)
🟧 Secondary Zone: 1.5715–1.5740 (FVG + inducement)
❗ Stop Loss
1.5758 (Above OB + 1x H1 ATR buffer ~60 pips risk)
🎯 Take Profit Targets
* 🥇 TP1: 1.5580 (95 pips, 1.6:1, internal liquidity)
* 🥈 TP2: 1.5490 (185 pips, 3.1:1, clean liquidity pool)
* 🥉 TP3: 1.5400 (275 pips, 4.5:1, D1 swing low)
📏 Risk:Reward
* TP2: 3.1:1
* TP3: 4.5:1
🧠 Management Strategy
* Risk 0.50% of $ ($ , lots)
* SL to breakeven after TP1
* TP1 = 50%, TP2 = 30%, TP3 = 20% trailed
* Exit if H4 BOS against plan or VIX > 25
* Max portfolio risk capped at 3%
⚠️ Confirmation Criteria
* H1 bearish engulfing inside zone
* Volume spike on H1/M30
* Optional: RSI div on M30
* Ideal Entry: London session (2–5 AM NY)
* Avoid 1hr before/after CAD news
⏳ Validity
* Intra-Day Plan: Valid 12–18 hrs from tap
* Expires: May 06, 2025 (NY close if not triggered)
❌ Invalidation
* 1H close above 1.5760
* Macro CAD sentiment shift or DXY flips direction
🌐 Fundamental & Sentiment Snapshot
* COT: EUR heavy long, CAD neutral
* DXY: Softening bias (risk-on)
* Retail: 74% long EURCAD (contrarian)
* Cross-Pair: EURUSD unaligned, GBPCAD bearish
* Cross-Market: Crude Oil firm, supports CAD
* Macro: No ECB/BoC news today
* Sentiment Score: +7/10
* Historical Win Rate (setup type): ~78%
📋 Final Trade Summary
EURCAD is in a bearish continuation with clean structural rejection zones forming on H4. Liquidity sweep + OB confluence + bearish order flow aligns with CAD macro stability. Execution pending confirmation via H1 candle + volume. Maintain strict risk and avoid news overlap.
USDJPY Will Move Higher! Long!
Take a look at our analysis for USDJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 144.942.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 148.284 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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The bull market ends and gold continues to fallGold is currently trading around $3310, facing strong resistance near the )$3320–$3330) zone after a sharp upward move. I am supporting a SELL bias, anticipating a potential rejection from resistance and a move to the downside.
📈Key Resistance:$3330 A key level where I expect sellers to step in.
📈Major Resistance Zone: $3330–$3340 – If broken, further upside is possible, but this zone remains a strong barrier for now.
📉Bearish Targets:
📉Target 1: $3290 Initial support and short-term profit zone.
📉Target 2: $3264 Deeper pullback level.
📉Target 3: $3242 Final target before reaching major demand.
📉Support Area: $3220 $3210
A high-probability demand zone where buyers may defend the level and sellers could take profit.
📊Outlook: I remain bearish as long as price holds below $3330. A clear rejection from this area would strengthen the bearish case. A break above $3340 would invalidate the setup and shift focus to the bullish side.
I know that many people are losing their accounts or opinions due to the sudden rise and fall of their accounts. If you are a novice or you need some free professional advice, please contact me. I hope to help you.
US30 – Key Supply Rejection at 41,000 | Is a Pullback ? The Dow Jones (US30) is currently trading at 41,089, slightly below the critical supply zone between 41,000 - 41,150, as identified by LuxAlgo’s Supply & Demand Visible Range. Price is showing signs of exhaustion after testing the top of the range, hinting at a potential short-term correction.
Chart Breakdown:
Supply Zone: 41,000 – 41,150 (visible resistance from recent price reaction).
Current Price: 41,089
First Support: 40,971 – the last breakout zone.
Next Support: 39,703 – major structure break level.
Demand Zone: 38,735 – 38,000 (bullish reversal zone, high volume node).
Bearish Scenario:
A clean break below 40,971 could confirm short-term bearish momentum.
Watch for price to fill the inefficiency gap toward 39,703 and possibly test 38,735 if weakness continues.
Red arrows on chart signal likely downside zones if buyers fail to defend higher levels.
Bullish Scenario:
Reclaim and close above 41,150 on strong volume may invalidate the bearish bias and push price to new highs.
Upcoming Volatility Alert:
Key U.S. economic news is on the calendar (highlighted on chart) – could cause sharp movement in either direction. Stay alert!
Trade Idea: Look for short entries around current levels with stops above the supply zone. Target the 39,703 and 38,735 levels with proper risk management.
---
Will Dow stay strong or finally give in to bearish pressure? Let me know your thoughts in the comments!
#US30 #DowJones #SupplyAndDemand #TechnicalAnalysis #SmartMoney #VolumeProfile #LuxAlgo #PriceAction #Forex #Indices #MarketUpdate
Gold Update – Complex Correction or Impulsive Reversal?
Price action has invalidated the prior Zigzag count. We are now tracking two scenarios:
White Path: The structure continues as a complex WXYXZ correction, with Wave Z still to come.
Yellow Path: A sharp rally may signal the start of a new impulsive Wave 1.
Key resistance is in play. Watch for reaction and divergence signs to validate either case.
Stay flexible and let the structure confirm the path.
HBL PROBABLY IN WAVE '' C '' OR " X " - SHORTThis is in continuation of our HBL wave count/idea shared earlier.
HBL is most probably in wave C or X which will take price down towards 127-122 range area,
prices are currently at a resistance level which has acted as a strong support previously therefore we are confident that it should hold and keep prices from climbing up.
We will short sell HBL once price break below 146.80 level and will target 133-130 range and further down 124-122 range, however prices might reach 160 before starting its decline. Alternately if prices break above 163 then this trade setup will get invalidated.
Although the risk/reward ratio is not that impressive but looking at the overall stock market momentum and geopolitical unrest, we have a little more confidence in this trade.
Trade setup:
Entry price: 146.80
Stop loss: 163
Targets:
T1: 133-130
T2: 124-122
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
Gold continued to rise at the opening and broke upward!At present, the 4-hour chart of gold has formed an upward breakout trend. The decline may be over, and it will continue to strengthen! In the intraday, we focus on the 3200-line long-short watershed. Before gold falls further, gold will maintain a bullish trend. In the day, we focus on the recent starting point of 3222 support. If gold wants to go out of a steady upward trend, it will not fall below 3222 in the day. In the short term, we refer to the points above 3222 to arrange long positions! Therefore, in terms of operation, it is recommended to adjust the thinking, go long if it falls back to 3240-3245, or directly chase the rise after breaking through 3270. At present, it has been long at 3243 in the early trading. If there is no more decline, continue to go long! Identify the bulls during the day! On the whole, it is recommended to do more on the callback and short on the rebound in the short-term operation of gold. Focus on the resistance of 3300-3310 in the upper short term, and focus on the support of 3222-3245 in the lower short term.
Gold continued to rise at the opening and broke upward!The current 4-hour chart of gold has formed an upward breakout trend, and it will continue to strengthen next! In the intraday, we focus on the 3200-line long-short watershed. Before gold falls further, gold will maintain a bullish trend. If gold wants to move out of a steady upward trend, it will not fall below the 3222 line during the day. In the short term, we refer to the points above 3222 to arrange long positions! In terms of operation, it is recommended to adjust the thinking, go long on the decline to 3240-3245 or directly chase the rise after breaking through 3270. At present, it is already long at 3243, and there is no more decline to continue long! Identify the long position during the day! On the whole, today's short-term operation of gold is recommended to focus on callbacks and short on rebounds. The short-term focus on the upper side is 3300-3310 resistance, and the short-term focus on the lower side is 3222-3245 support.
Gold Rejection at Channel Resistance – Bearish Setup in Play"
🔍 Analysis Summary
Current Price: \~\$3,266
Indicators:
EMA 50 (Red): \~\$3,277 – price is slightly below this level
EMA 200 (Blue): \~\$3,180 – acts as a dynamic support
Trend Structure:
Previous Uptrend: Sharp bullish move within a rising wedge (now broken)
Current Pattern: Descending channel or flag-like consolidation after the strong bullish trend
Support Level: \~\$3,175–\$3,180 (highlighted zone with green arrows showing bounce)
Resistance Level (Target 1): \~\$3,277–\$3,300
Target Point: \~\$3,356
📈 Bullish Scenario:
Price bounced off strong support (around EMA 200 + horizontal level).
If price breaks above the descending channel and retests resistance, it could aim for **Target 1 (\~3,300) and possibly reach **Target Point (\~3,356)**.
📉 Bearish Scenario:
Failure to break above descending channel resistance could lead to a retest of the support zone.
If support breaks, the next possible stop could be below the EMA 200, triggering deeper correction.
🧠 Trading Idea
Buy Entry: On confirmed breakout above descending channel.
Target 1: \~3,300
Target 2: \~3,356
Stop Loss: Below \~3,175 support
XRPUSD Possible Scenarios
Refer to the support and resistance level drawn on the chart;
there are 3 possible scenarios that might occur.
1. If the price breaks the resistance, it may continue the uptrend.
2. If the price is still within the support and resistance level, it may continue sideways.
3. If the price breaks the support, it may continue the downtrend.
At this moment, there is hidden divergence appearing on XRPUSD as if it will strengthen the bearish mood. If the price breaks the resistance level, the hidden divergence will be cancelled.
This is just my opinion. Not recommended to buy or sell.
[INTRADAY] #BANKNIFTY PE & CE Levels(05/05/2025)Today will be gap up opening in banknifty. After opening if banknifty sustain above 55050 level then upside movement upto 55450+ level expected and this can be extend for further 400-500+ points in case banknifty starts trading above 55550 level. Any major downside only expected below 54950 level.