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EURTRY Rejected at 44 – Time to Drop? 📉 EURTRY Hits 43 – Time to Drop? 🧭💥 The EURTRY has just reached 43, completing a multi-year journey that began with our pinpoint entries from as low as 15.7. The rejection at 44.2, just beneath the technical resistance at 45.5 , signals a likely pause—and possibly a sharp reversal. 🧠 Trade History Recap: • Rejection at 10 ➝ Support at 8 ➝ Target 15.7 hit • Entry at 20 ➝ Target 26.5 ➝ Final Target 43 ✅ • Now, we’re setting sights on a retracement to 33 based on Fibonacci levels. 🔽 Short-Term View: With the upside target hit, we're now anticipating a short-term pullback to 40 , and possibly deeper toward 33 , as seen in the newly drawn projections. The rejection candle confirms bearish pressure. 📰 Macroeconomic Backdrop: • April 2025: Turkey’s central bank raised rates to 46% to contain inflation and stabilize the Lira. • Despite rate hikes, TRY remains under pressure, with over $25 billion in reserves used to defend it. • Inflation expectations have surged to 29.75% by year-end, reflecting economic instability. 💬 Takeaway: We may be entering a new chapter. The beast (inflation) is being fought hard, but fundamentals still point to continued volatility . This is a spot to consider profit-taking or even short setups . 🛍️ Bonus thought: This may also be a great time for a visit to Istanbul while the Lira remains weak. 🌍 To our Turkish friends: Peace, stability, and stronger days ahead. Our charts are technical, but our message is human. One Love, The FXPROFESSOR 💙
Short
by FX_Professor
2
Turkish Lira Rebound- Just EPIC This has to be one of the biggest FX candlesticks of all times! Turkish President Recep Tayyip Erdoğan on Dec. 20 announced a series of measures to encourage lira-denominated savings, easing the pressure on the Turkish currency. In a televised speech following a Cabinet meeting, Erdoğan said the government would offer a new financial vehicle that would “alleviate" the concerns of citizens who have been buying foreign currency, fearing that returns on their lira savings are being eroded. Turkish lira deposit holders would be compensated for possible losses from the decline of the local currency, he said, but did not provide details. “From now on, our citizens won’t need to switch their deposits from Turkish lira to foreign currency, fearing that the exchange rate will be higher," Erdoğan said. This Turkish serial is to be continued: While the government called the lira's rebound on Monday a major win on policy, economists have said Erdogan's economic program based on low-interest rates is reckless and expect inflation. Trump was known for his Trumponomics but Erdogan has taken his Erdonomics to the NEXT level! Simply EPIC volatility and very risky decisions against the logic and his people.. not sure if I would want to trade this one. Despite being a Greek Cypriot, i am hereby sending my regards to all Turkish friends. Wish you all a Merry Xmas and a good future close tot eh West, not against the West. One Love Arkadaşlarım, the FXPROFESSOR
by FX_Professor
217
EURTRY - Inflation Beast is Back EURTRY : Our first idea/post was on the Epic rebound of the Turkish Lira back in Dec 21st /2021 We had then calculated and prognosed with great precision the levels (rise to 15,7) : The price has done us the favor then and normalized/consolidated around that level (15,7) : At this stage, Central bank has kept the lira's rates unchanged (good news because every time they intervene there is panic amongst Turkish citizens and Lira holders) but Inflation is a BEAST out of control: Turkey’s inflation rate soars to almost 70 percent : www.aljazeera.com Turkey's role in the Ukraine crisis is something Erdogan can use nicely as long as he can balance between a 'neutral stance' with doors open to Russia and still in Nato' and part of the Western front. If the West wishes to shift him on one side though the Turkish lira might end up under severe pressure again. Don't forget that there are elections next year and Erdogan is probably not feeling the safest at this moment. Let's hope everything goes well in the world as well as in Turkey and that Turkey can play a peaceful role in ending the war in Ukraine. This will be interesting to see. One Love, the FXPROFESSOR
Long
by FX_Professor
23
Financial Chart Analysis of ETH/USDTFinancial Chart Analysis of ETH/USDT Primary Trend: Upon examining the chart for the ETH/USDT perpetual contract on the Bitget exchange, we observe that the primary trend is sideways. Despite periods of volatility, the current price of 1,830.00 USDT reflects oscillations without a clear dominant direction, as indicated by alternating blue and red areas representing varying market conditions. Key Levels: Support: A significant support level lies at 1,820.00. Holding above this level is critical to avoid a potential breakdown. Resistance: Resistance is evident at 1,837.67. A breakout above this level could signal a resumption of the bullish trend. Breakout/Breakdown: Triangular markers on the chart highlight critical thresholds. A breakout may occur if price surpasses resistance, while a breakdown could follow if support is breached. Technical Indicators: MACD: The MACD displays green and red bars, suggesting neutral momentum with no clear buy or sell signals. RSI: At 48.03, the RSI indicates a neutral market, neither oversold nor overbought, aligning with the sideways trend. Moving Averages: Short- and long-term moving averages (blue and red lines) show potential for a crossover but currently lack definitive directional bias. Risk/Reward Assessment: Asset: ETH/USDT Direction: Neutral (due to the absence of a clear trend) Entry: 1,820.00 (suggested entry if price breaks support in a short scenario) Stop-loss: 1,840.00 (placed above resistance to limit losses in case of upward movement) Take-profit: 1,800.00 (initial profit target, aligned with identified support) Confidence: Moderate (given the sideways trend and ambiguous technical signals) Additional Notes: Bollinger Bands suggest the price is testing the lower band, hinting at a potential rebound opportunity. However, recent volatility, as highlighted in the chart, warrants close monitoring. This analysis provides a clear snapshot of Ethereum’s current standing against USDT, with recommendations grounded in technical signals and key levels. Always consider macroeconomic factors that may further impact the market.
by CryptoAle992
2
GBPJPY SHORT TERM SELL around 192.964GBPJPY is currently in an overall long trend, but remains highly volatile. My Point of Interest (POI) is 192.964, based on the following: 1. It aligns with a daily short-term POI as of today. 2. It represents the 80% retracement level of the weekly range, which falls within the daily POI zone. Given this, I’ll be looking to enter a short term sell position around 192.964, with my stop loss set just above the daily high and my first take profit (TP) target around the 191.500 level.
Short
by GBPP_JPYY
1
Morningstar Candlestick Pattern Forming at the monthly PivotThis 3 candle pattern is a good indicator that a bullish reversal is underway. Price was driven lower on day 1. On day 2 price was initially driven lower but buyers stepped in to take control. And they took control at the monthly pivot which adds even more significance to the move. Finally, on day 3 price moved up which means buyers are in control and bears are losing control. This is likely headline driven and economic outlook driven but the momentum shift at the monthly pivot is an important point to note.
COMEX:HG1!
by andrewtreilly
“Gold Poised for a Big Move Ahead of NFP – Reversal or BreakdownGold (XAU/USD) is approaching a major decision zone just before the highly anticipated NFP release. Price is reacting from a strong demand area (3,240–3,200), hinting at potential upside if momentum builds. A break above the descending trendline could fuel a rally toward 3,320 and 3,480. However, a negative reaction to NFP might push gold down to test the deeper 3,168–3,134 support zone before bouncing. This setup aligns perfectly with high-impact news – Follow for live updates and smart trade ideas during NFP!
OANDA:XAUUSDLong
by Aser_Hosary
1
NQ: NFP day!Good day! Yesterday candle was bearish, Is it the end of the upper move? All will depend on today's data and rumors from WH. 1- Undershoot data: Very bad for equities and NQ starts its Wave 3. But keep in mind, an undershoot also means FED will cut and free money will be on the table which is positive equities. 2- Inline: Bad for equities as FED rate cut and free money chances will decrease. In this case, price might continue its consolidation. 3- Overshoot: Good for equities and NQ might reach 21000. In this scenario, Fed rate cut will be out from June meeting. Regarding WH rumors, it seems tariffs deals are imminent or underway. I already mentioned here few times that the 90-day pause will become an eternity pause. This seems a major change. But in my view it won't be a sustainable or durable change as all countries lost confidence in US. Until the rumor becomes a fact, I maintain the same plan for ST/MT/LT: Sell. GL!
FOREXCOM:NAS100
by OTM-Fadhl
1
"Gold Ain’t Done Yet – Snipers Don’t Sleep, They Wait After a clean CHoCH from 3205 and bullish NY session push, Gold is currently hovering around 3239 ahead of major macro catalysts tomorrow (May 2): 💼 News to Watch: NFP (133K vs. 228K prev) Unemployment Rate Average Hourly Earnings All releasing between 15:30–17:00 UTC+2, potentially fueling a volatility storm. We remain in a broader retracement phase after April highs (ATH 3500), with price still sitting in higher timeframe discount zones and internal bullish signs building. However, supply above is unmitigated and could cap rallies. 🔁 MARKET STRUCTURE Price is currently at 3239, just above a valid H1–H4 support zone. Clean CHoCH confirmed from 3205 Liquidity still resting both above 3284 and below 3172 🔽 BUY SCENARIOS (From Discount + Liquidity Areas) 🟢 Buy #1 – 3205–3212 🔹 H1 CHoCH zone + internal FVG 🔹 Sell-side liquidity just swept 🔹 Entry if price retests post-NFP drop ⚠️ Ideal for short-term bounce or reaccumulation into 3260 🟢 Buy #2 – 3172–3185 🔹 H4 OB + sweep zone + EQ 🔹 Heavy stop cluster under 3200 🔹 If broken, becomes invalid → eyes move to 3120 🔸 High-risk/reward reversal zone if NFP panic spikes below 🔼 SELL SCENARIOS (From Premium + Imbalance Zones) 🔴 Sell #1 – 3284–3295 🔹 H1–H4 supply + FVG + internal BOS 🔹 Buy-side liquidity just above 3280 🔹 Classic pre-news pump & dump zone ⚠️ Watch for wicks above 3288 → sniper sell trigger 🔴 Sell #2 – 3325–3333 🔹 HTF OB shelf + imbalance + previous NY rejection 🔹 Final retail breakout trap before larger drop 🔹 Cleanest R:R setup if NFP drives price explosively upward 👀 Eyes On: Zone Reaction Type What to Watch 3220–3235 Bounce or trap Current zone = fragile intraday demand 3284–3295 Rejection or flip Cleanest NY pump trap zone 3172–3185 Final support Below = invalidates bullish scenario short-term 3325–3333 Bull trap zone If reached = extreme precision sell only 🎯 Bias: LTF: Bullish retrace valid above 3212 HTF: Still bearish under 3330 Macro: Wait-and-react on NFP → NO prediction 📣 Final Note for GoldMinds: This is not a prediction plan. It’s a reaction plan. We mapped the real zones. Now let the volatility reveal which liquidity gets hit first. 💬 Drop a 🧠 if you’ve evolved past “buy now / sell now” noise. Let’s hunt like pros — not guess like rookies.
FOREXCOM:XAUUSD
by GoldFxMinds
2
Long Term H&S Pattern with a Completed Intermediate H&S PatternHead and Shoulder pattern are one of the most reliable patterns. And when you think about the psychology behind them it makes sense why. Essentially natural gas pricing in the long run is driven by fundamentals but speculators who trade solely on technical analysis add gasoline to the fire to cause massive price dislocations. The H&S pattern is an example of this. Fundamentals drive the price up. Speculators participate forming the left shoulder. Profit taking ensues completing the left shoulder. Speculators then tap the well again to form the head. At this point fundamental traders(hedgers like large commercials) can’t pass up the massive price dislocations and lock in large profits for future deliveries. Speculators panic and close longs once they lose control. Right shoulder is forming. Speculators will try to tap the well again thinking they can control the large commercials. Large commercials allow them to be right for a short period so they can sell even more future deliveries. In the end the commercials win out and price goes lower. Neckline complete. Speculators panic and massive selling ensues. The expected move to complete the pattern would be the distance from the head to the neckline in terms of percentage. So a $5 head and $3 neckline means a 40% target lower from the $3 neckline. $1.80 seems like a lofty price target. Price targets are suggestions in patterns. They are not absolutes. These patterns fail as well so while this pattern is forming technically, it is not complete. In my experience, anticipating patterns has a 100% failure rate.
NYMEX:NG1!
by andrewtreilly
2
Has Gold's Rally Ended?In 2025, gold experienced an unprecedented surge, marking its best quarterly performance in history with gains exceeding 17% in Q1. The second quarter of 2025 began with further gains, reaching a new all-time high at $3,500.110 per ounce. Several economic and political factors contributed to the rise in global demand for gold as a safe haven asset amid fears of a potential economic recession, inflation, and a looming trade war. The recent pullback in gold prices has been somewhat driven by optimistic expectations regarding U.S.-China negotiations and the U.S. president's decision to reduce some tariffs, including those on automobiles. Technical Outlook for Gold: The latest declines in gold prices have brought some bearish signals, suggesting a shift from an uptrend to a downtrend. After rising approximately 14%, gold pulled back and broke below its most recent higher low, closing a daily candle below the $3,260.65 level, an indication of a potential trend reversal from bullish to bearish. However, the Relative Strength Index (RSI) has not yet broken below the 50 mark, despite the recent price drop, which maintains the possibility for a rebound and suggests that the market hasn't entered full bearish momentum. The $3,436.042 level serves as a key resistance area where selling pressure may emerge, potentially pushing prices down to target $3,265.100 as the first support level. On the other hand, if the price breaks above $3,500.110 and posts a daily close above it, the bearish scenario would be invalidated. From a fundamental perspective, gold’s continued decline is closely tied to developments in U.S.-China trade talks. Any positive signs of reaching an agreement or further tariff reductions could weigh negatively on gold prices.
CFI:XAUUSD
by CFI
1
Gold Analysis: China - U.S Tariffs Talks and NFP ImpactGold Analysis: China - U.S Tariffs Talks and NFP Impact Earlier today, China's Ministry of Commerce said it signaled a possible easing of tensions in the US-China trade war. Talks are still ongoing and this is creating a softer environment for gold to cool off from its strength. On the other hand, today we also have the NFP data and, in relation to the data, the market is expected to anticipate a possible rate cut by the FED during the upcoming meeting, as well as new comments regarding their upcoming decisions. This could be a strong reason why the GOLD continues to lose its bullish momentum. However, do not forget that it moves up and down in a strange way most of the time. The current situation is bearish and nothing has changed so far. Even if the NFP data will be in line or less than expectations, I do not think that GOLD should rise for this reason. This is gold, it moves when you least expect it to happen You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
FX:XAUUSDShort
by KlejdiCuni
10
XAUUSD UPDATE : NFP hi everyone I hope you were able to ride the market based on the previous trade idea. Gold has broken below the daily support level, and the current upward movement is likely just a retracement. Therefore, both my Plan A and Plan B focus on short positions. For a stronger bullish move, the price needs to form a lower low—at least on the H1 timeframe. good luck all **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal** Thanks a lot for your support
FOREXCOM:XAUUSDShort
by mytw0cents
2
WTI TRADE UPDATEhi all Based on the current situation for WTI, with the stop loss hit from the previous trade idea, Plan A now relies on a breakout of the trendline and the support turning into resistance as confirmation for taking a long position. However, if rejection occurs at the trendline or at the support-turned-resistance level, there's a possibility that the price will decline again, given that a breakout has already happened on the daily timeframe. Therefore, closely monitoring price movements around these key levels is crucial before making any trading decisions. Ensure strong confirmation before acting, and keep an eye on shifts in market structure. Feel free to share any new updates, and best of luck with your strategy! good luck all **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal** Thanks a lot for your support
TVC:USOILLong
by mytw0cents
2
The Day Ahead - US Employment data due!Friday, May 2 Macro Data to Watch (Market Impact Potential): US April Jobs Report – Major market mover for USD, equities, and bonds. Sets expectations for Fed policy. US March Factory Orders – Secondary data; relevant for industrial and manufacturing sectors. Eurozone April CPI – Key inflation data; potential EUR/USD and ECB rate path influence. Eurozone March Unemployment Rate – Labor market context for ECB policy. Japan April Monetary Base & Labor Data – JPY-sensitive; signals BoJ liquidity stance. Italy Manufacturing PMI & March Unemployment – Insight into Eurozone periphery economy. France March Budget Balance – Fiscal health check; limited direct market impact. Central Bank Watch: ECB Economic Bulletin – Can give insight into ECB’s inflation and growth outlook. May guide EUR direction. Earnings (Key for Sector Moves & Index Impact): Energy: Exxon Mobil, Chevron, Shell – Crude oil-sensitive; big impact on energy indices. Healthcare & Insurance: Cigna Group – Influences healthcare and insurance stocks. Industrials/Chemicals: Eaton, BASF, DuPont – Watch for global growth signals and margins. Financials: Apollo, ING, NatWest, Standard Chartered – Useful for readthrough on credit trends and regional banking health. Autos: Mitsubishi, Italy new car registrations – Auto demand signals, relevant for sector ETFs. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
NZDJPY 39-Year Trap – 5149 Pips Short Setup!This chart showcases a massive 39-year consolidation range in NZDJPY, spanning from 1986 to 2025, with no confirmed breakout or breakdown throughout this entire period. The pair remains range-bound, signaling long-term indecision. Currently, we are preparing for short-side trades based on a key technical clue: The latest monthly candle wicked above resistance, sweeping liquidity before closing lower — a classic liquidity grab or false breakout setup, indicating a potential reversal within the range. Trade Plan: Entry 1: 89.364 Entry 2 (Add more lots if price rises): 93.351 Stop Loss for both entries: 95.967 Our targets remain: Take Profit 1: 70.220 Take Profit 2: 42.516 This setup is aiming for a 5,149 pip move (~55% drop), aligned with the historical range-bound behavior.
Short
by neerajbond7
Gold Triangle Pattern Breakdown? Bearish Setup in Play (XAU/USD)Gold (XAU/USD) has been trading within a tightening consolidation range over the past several sessions, characterized by lower highs and a horizontal support level. This behavior has resulted in the formation of a descending triangle, which is commonly interpreted as a bearish continuation pattern—especially when occurring in a downtrend. Following a failed attempt to sustain above the $3,400 level, price action has steadily weakened, showing signs of bearish pressure. Recent structure breakdown below the triangle’s lower boundary suggests that the bulls are losing control, opening the door for a potential leg down. 🔍 Technical Structure Breakdown 📐 Triangle Pattern Formation Type: Descending Triangle Support Level: ~$3,245 Lower Highs Resistance: Downward sloping line, showing consistent bearish pressure. Breakdown Confirmation : Clear move below triangle support, followed by a retest and rejection, confirming bearish momentum. 🔄 Key Support & Resistance Resistance Zone: $3,300–$3,340 This area has acted as a supply zone, where sellers continue to overpower buying attempts. The price has failed multiple times to break above this region, creating a solid resistance cap. Support Level (Previous Base of Triangle): $3,245 Price repeatedly bounced off this level before the final breakdown, making it a significant level for validation of the pattern. Next Key Support/Target: $3,155 The projected move is derived by measuring the height of the triangle and subtracting it from the breakout point. This target also aligns with a previous demand zone, increasing its relevance. ➰ Black Curve Line (Dynamic Resistance) This curved resistance line adds further technical weight to the downtrend. It’s a visual cue of how momentum is progressively shifting downward. The curve reflects a deceleration in bullish effort, a warning signal often preceding breakdowns. ⚙️ Trade Plan: Bearish Bias Component Level Entry Zone $3,265–$3,270 (retest of breakdown) Stop Loss $3,317 (above triangle and curve line) Take Profit $3,155 Risk-Reward Ratio : ~2.5:1 (based on entry near $3,270, SL $3,317, TP $3,155) Setup Type : Breakdown + Retest (high-probability pattern continuation setup) ⚠️ Risk Management & Confirmation Factors Confirmation Needed: A clean hourly candle close below the support zone, followed by rejection wicks on retest, strengthens the case for short entries. Invalidation : A strong bullish break above $3,317 (stop level) invalidates this setup and could signal a reversal or false breakdown. Volatility Note : Be mindful of macroeconomic events or FOMC-related headlines that may trigger increased volatility in precious metals. 📊 Conclusion & Trader Sentiment The descending triangle in gold is a textbook example of consolidation under pressure. With sellers continuously pushing price into lower highs while buyers cling to horizontal support, the eventual outcome often favors the dominant trend—which in this case is bearish. The current structure offers a clean technical setup for short traders with well-defined risk levels and a logical downside target. As always, ensure strict adherence to risk management principles and stay aware of market news that could impact gold volatility. 📌 Tag Ideas: #XAUUSD #GoldAnalysis #TrianglePattern #BreakdownSetup #TechnicalAnalysis #PriceAction #BearishTrade #MetalsTrading #ShortSetup #ForexIdeas
OANDA:XAUUSDShort
by ScalpTraderPro
SoFi Technologies (SOFI, 1D)On the daily chart, SoFi has broken out of its descending trendline, confirmed the breakout with a clean retest of the 0.618 Fibonacci retracement level at $12.33, and is now building upward momentum from this demand zone. This “buy zone” is acting as a launchpad for a potential mid-term move toward higher resistance levels. Key Fibonacci-based upside targets: – $13.48 (0.5 retracement) – $14.64 (0.382 retracement) – $16.07 (0.236 retracement) — within the defined target zone – Extended target: $18.37 (1.0 Fibonacci projection) Technical structure highlights: – Breakout of multi-month downtrend + successful retest – Price now trading above key EMAs (50/100/200) – Volume expansion on bullish candles confirms demand – Daily momentum favors further continuation toward the $14–$16 zone – Premium supply zone above $16 may slow initial momentum but offers long-term potential toward $18+ Fundamental context: SoFi is evolving as a vertically integrated fintech platform with strong brand recognition and growing user engagement across banking, investing, and lending services. As the company narrows losses and strengthens recurring revenue, investor interest in SOFI is growing — particularly as market appetite returns for high-quality fintech with path-to-profitability models. The technical breakout is confirmed. As long as price remains above the $12.33–$12.50 buy zone, the bullish scenario remains valid with targets toward $14.64 and $16.07. A breakout above $16 would activate the full expansion toward $18.37 in the mid-term.
NASDAQ:SOFILong
by TotoshkaTrades