Community ideas
EURUSD Bulls Reloading — Big Week Ahead? FOMCEURUSD has been riding the uptrend for a while now, but we’ve finally hit a bit of a pause. Recently, the pair posted one of its biggest up-days since 2009 — a huge bullish signal — and momentum carried it even higher! 🔥
Now, price has pulled back slightly from the highs, with last week showing a modest dip as the dollar regained some strength. I do expect we could see a little more pullback in the short term… but overall, my bias remains bullish. I believe the uptrend is still intact, and we could see EURUSD push higher again this week! 📈
What’s your view? Are you buying the dip or expecting a deeper correction?
Drop your thoughts below — and if you found this analysis useful, a boost or follow is always appreciated! 🙌
EURGBP Next weeks overview H4This will be my view on EURGBP for the upcoming weeks.
Do I really need to give a detailed description? I will see (lol), but I might actually be publishing more ideas on whatever that I am looking at, and mostly it might be HT ; that's HT for me as a day trader and swing trader. M15 will be for a closer view, I look for my entries on M5. Let's gooo!!!
USD/CAD: Time to Go Long?On the monthly chart, USD/CAD has found strong support, signaling a potential bullish continuation. With anticipated USD strength in the coming weeks, there’s a clear opportunity for the pair to move higher.
We are targeting 1.40180 as the first objective, with the potential to extend towards 1.41500 if momentum continues.
On the daily chart, the price is showing signs of weakness but also bullish intent, suggesting a possible retracement before a move higher. Ideally, a pullback into the 1.38490 – 1.38450 zone would offer a high-probability long entry.
$KILO Setup Looks Prime — This Could Just Be the StartTSX:KILO is showing real strength right now.🚀
Price broke out of a clean downtrend and reclaimed the horizontal support zone. That reaction from buyers? Strong and confident.
The chart offers two clear scenarios, but both point to the same thing: more upside ahead.
Targets? $0.057 and $0.08 are on the radar.
The structure’s bullish, and momentum is shifting fast.
Looks like TSX:KILO is just getting started.
DYOR, NFA
Atlético de Madrid Fan Token, How To Read Charts & 726% PPA small tidbit about trendlines; you can draw a trendline by matching two or more points from any set of sessions. The trendline doesn't have to be necessarily the last session nor the lowest or highest, there can be middle trendlines, internal trendlines and so on. As long as the trendline is supported by multiple reactions it works. These are arbitrary lines and it is for you to decide. Play around with it and what works for you overtime and based on results is the right method. Nobody can tell you what is right or what is wrong or how it is done. Right or wrong can be decided objectively based on actual results.
Here we have Atlético de Madrid Fan Token (ATM) and guess what? I knew it would go up.
This chart has the same price patterns as all the other Altcoins charts, and this is great because the bullish breakout confirms what I've been saying and also what is coming to the rest of the Altcoins market.
After a major low on the 7th of April, in this case an All-Time Low, ATMUSDT started to recover and is now trading four weeks green. Today, the fourth week closes and there is a strong bullish breakout taking place.
The ATL is the bottom and from the bottom we grow.
The market is changing from a sideways market leading to a final flush/liquidity hunt event, to a new bull market growth phase.
Total growth since the bottom was hit now reaches more than 50% coupled with rising volume. This confirms that the downtrend is over, the bearish move is over, the correction is over the bull market is starting now or started 4 weeks ago when the bottom was hit.
When prices are at their lowest, that is when the market is the most bullish.
When prices are high, the potential for a correction or retrace becomes strong. That is why we sell when prices are high and buy when prices are low.
The bottom is confirmed through price action (when the market goes bullish and starts growing) and based on resistance and support. Now that ATMUSDT moved above the 3-Feb. low which happened a long lower wick we can say that the bullish bias is confirmed. This leaves behind a rounded bottom pattern or a v shaped bottom.
Another signal that I mention frequently is the size of the bearish waves.
Left side, the big wave is a bearish impulse or downtrend.
Right side, the small wave is a final market flush before bullish growth.
The first one is a market move, phase/cycle.
The second one is a market reaction.
All these signals are meant to confirm that the bottom is in. Once we have confirmation that the bottom is in we know the market will grow so the next step is to find some targets. I already explained how to extract those in my FISUSDT publication. You can go to @MasterAnanda and use the search filter to find this publication and learn more if you are interested.
Here, ATMUSDT has so much more to grow.
I am mapping just two targets on the chart because I have to write and do the numbers manually and it is too much do them all, plus, you only need to hold strong until prices are up. When prices are high, collect profits (sell) and move on.
The market will always offer endless opportunities, specially if you buy and sell at the right place.
» The first target goes for 438% which is an easy target (blue) and the second one for 726% (red). Please keep in mind that this trading pair/token can go much higher.
Thank you for reading.
Follow if you enjoy the content.
Namaste.
BTC Short term Long setupLooking at the chart, the 5 min time frame showed a bullish hidden divergence. as well as a retracement back into the OTE level. i expect price to sweep the high to rebalance to equilibrium of previous range, or this could be a major reversal happening. either way I'm not predicting i react to what the market does.
BTC H1 Bullish Scenario after MSSBitcoin is in a support area on the 1-hour time frame and has completed its correction in terms of price and time. There is also a positive hidden divergence in the MACD. With the change in structure at the end of the correction and the engulfing of a bullish candle, an upward move can be expected.
USDCAD BULLISH OR BEARISH DETAILED ANALYSISUSDCAD is currently trading around 1.3820, exhibiting a bullish bias as it approaches the upper boundary of a consolidation range. The pair has been forming a symmetrical triangle pattern, indicating potential for a breakout. A decisive move above the 1.3850 resistance level could pave the way toward the 1.3920 target.
Fundamentally, the U.S. dollar has gained strength due to stronger-than-expected manufacturing data, with the ISM PMI rising to 48.7 in April, surpassing forecasts. This data has bolstered U.S. yields and supported the dollar. Conversely, the Canadian dollar has faced pressure from weaker domestic manufacturing activity, with the S\&P Global Canada Manufacturing PMI falling to 45.3, marking the sharpest contraction since May 2020 .
Additionally, recent U.S. tariff announcements on Canadian goods have introduced further uncertainty, potentially impacting Canada's export-driven economy. The Bank of Canada may consider easing monetary policy to counteract these challenges, which could further weaken the Canadian dollar.
In summary, USDCAD is poised for a potential breakout above 1.3850, driven by a combination of technical patterns and fundamental factors favoring the U.S. dollar. Traders should monitor key resistance levels and economic indicators to confirm the continuation of this upward trend.
Trump's announcement signals the return of buyers🔔🔔🔔 Gold news:
➡️ U.S. President Donald Trump on Sunday announced a 100% tariff on movies produced outside the country. A move to reimpose tariffs by President D. trump. Gold prices are holding on to a recovery to $3,272 early Monday as buyers return to the boom amid uncertainty over potential trade deals between the United States and its trading partners. The US dollar is back in the red amid trade uncertainty and repositioning ahead of the Fed.
Personal opinion:
➡️ A surprise move by President Trump. And it shows us that the trade agreements are still uncertain and it is positive only at the level of cooling down between the parties involved
➡️ Analyze based on important support resistance and Fibonacci levels combined with trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 3204 - 3206
❌SL: 3199 | ✅TP: 3210 - 3215 – 3320
👉Sell Gold 3313 - 3316
❌SL: 3320 | ✅TP: 3309 - 3305 – 3300
FM wishes you a successful trading day 💰💰💰
DOGEUSDT Ready for Pump(Soon again above 0.25$)We are looking for breakout to the upside and pump which hit targets like +20% -- +50% asap.
Price broke the major daily resistance like red trendline and now is getting ready for next phase pump this time hit targets like 0.25$ after more range here.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
EURGBP SELL TRADECMCMARKETS:EURGBP
Sell at 0.85378
SL at 0.85583
TP at 0.83353
Why sell..? Looking at the H4 TF. There is already a break to the downside signifying a chance of structure to the sell side.
And there is already two a touch retest on 0.85378 which verify a potential sell.
Coment below and let me know your opinion too.
Bitcoin Dominance - BTC.D - AltcoinsYears of struggle to be inside for a subseason that lasts a few weeks.
For some it's financial freedom, for others it's the cornerstone of a reset story.
We're talking about Bitcoin Dominance.
Few know just how powerful it has become.
The only thing that is real is bitcoin. By the time everyone realizes this, 99.99% of investors will have lost all their assets.
And we will all regret buying altcoins instead of bitcoin at the end of the day.
I think the most extreme peak for bitcoin dominance in the short term is 73%.
Dominance is going to have a rough ride before it crosses this target.
We will see an altcoin season that will give small investors a breather.
Then we'll break 73% with a disruptive bitcoin dominance.
Bitcoin will show everyone again who is the real boss.
This is how to read the chart using Weis Wave with Speed IndexReading the chart:
1. We have bottom down and we pull back with high up volume waves, approaching the Fib area. Notice how SI is increasing on the up waves as we are reaching Fib from 13.3 to 15.7 to 18.4 and last not able to break previous resistance at 20.4. This means sellers are absorbing all buy orders of people entering long thinking that the trend will continue.
2. Notice the up volume wave with SI 20.4 and respective pip move right above it which is small compared to the amount of volume used - This is absorption.
3. The highest PVR bar at the beginning of the down wave - more sellers
4. Entry Short on the Plutus Short signal
Notice all the Short signals following confirming the continuation of the down move!
Simple as that, if you are able to read the chart and not just following signals from an indicator.
Enjoy!
NIFTY50.....Buying panic all around!
Hello Traders,
the NIFTY50 has extended my cited price area to ~24620 range. It was exactly @ 24589.15 points!
Here, a wave iii (blue) ended!
Chart analysis:
If this was all of waves (5) of iii (blue), the next move could be a wave iv (blue) to around the range of 23709 to 23845.15 zone! This one should morph into an a-b-c correction, or a triangle. While triangles are the most often failed chart patterns during a wave iv of any degree is, we will focus on the a-b-c correction!
So, one higher high is still missing, but I guess the next high will be just a wave ((i)) of v (blue) with more highs to come!
As I am in a hurry, only a short update today. I'll try to publish another update by Wednesday.
Have a great Sunday.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.