JPY/GBP - Potential Reversal SetupHey traders! Today we’re diving into a high-probability setup on the JPY/GBP pair with up to 22% upside on the monthly chart. I’ll cover the technicals, fundamentals, and exactly how to trade it.
📉 Chart pattern
Looking at the chart, we’ve got a textbook falling channel stretching back from mid-2020. This descending structure has been consistent, but right now, we’re testing the upper boundary - and that could signal a trend reversal is coming.
Momentum indicators back it up too. The RSI is rising off oversold levels, sitting around 41. And check out the MACD: bearish momentum is fading. Classic setup for a bullish breakout.
📌 Trade setup
Wait for a monthly close above the upper channel , ideally between 0.00530 to 0.00535. That’s your breakout confirmation. You can place a buy stop just above the breakout zone.
Set your stop-loss below the recent swing low - about 0.00490 - to protect against false moves.
Now for the profit targets :
* First target: 0.00580, that’s 12% above current levels.
* Second target: 0.00630, that's 22% upside potential.
That gives you a potential risk-reward ratio of up to 1:4 - solid.
🌐 Fundamentals
On the macro side, this setup makes even more sense. Japan is finally stepping away from ultra-loose monetary policy, possibly hiking rates. Meanwhile, the UK looks set to pause or even cut rates in 2025. That shift could give the Yen the edge over the Pound, driving this move higher.
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Parallel Channel
Bitcoin can correct to support level and then continue to growHello traders, I want share with you my opinion about Bitcoin. Looking at this chart, we can observe how the price began to decline around the mirror line and soon reached the 88500 resistance level. After that, BTC attempted to move upward but resumed its decline, eventually breaking below the 88500 level and falling toward the support area, which aligned with the buyer zone. Following this drop, Bitcoin bounced back into the buyer zone and even pushed slightly higher, beginning a steady rise within an ascending channel. Inside this channel, BTC reached the 82200 level and broke through it, made a minor correction, and then continued climbing to the upper boundary of the channel. The price then pulled back to the buyer zone, rebounded again, and returned to the channel’s resistance line before continuing its upward move. Eventually, BTC touched a key resistance level, hovered around it for a while, and then began to decline. Shortly after, the price broke out of the channel and dropped back to the support zone. However, more recently, it has started to rise again. In my view, BTC might first revisit the support area once more before continuing its upward movement. For this scenario, I’ve placed my first target near the resistance level at 87000 points. Please share this idea with your friends and click Boost 🚀
GOLD (XAUUSD): 3100 soon?!
Gold closed on Friday, consolidating within the intraday range.
Probabilities are high that growth will resume next week.
Your signal to buy will be a breakout of the underlined resistance on the hourly time frame.
1H candle close above 3087 will confirm the violation.
A bullish continuation will be expected to 3100 level then.
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NASDAQ 100 IndexThe price has already dropped to the support line of the inner channel (in light blue), which is at one standard deviation.
If this support line is also broken, the next support level is the outer channel (in yellow), which is at two standard deviations.
(Logarithmic price axis, channel starting from 2008)
S&P500 IndexIf the midline of the linear regression channel is broken, the price will continue to decline until it reaches the support line of the inner channel (in light blue), which is at one standard deviation.
In the less likely event that this support line is also broken, we have the support line of the outer channel (in yellow), which is at two standard deviations.
(Logarithmic price axis, channel starting from 2008)
BITCOIN → Break of the bullish structure. Moving to 78-68KBINANCE:BTCUSD has been slowly recovering for the last two weeks, but failed to overcome the resistance. The bears held the trend. The price is breaking the local bullish structure and preparing for a strong fall.
Bitcoin's fundamental background is weak, expectations were not met by the crypto summits, nor by any major announcements or hints of a crypto reserve. The crypto community still didn't get what they expected from Trump. The strong drop was triggered by the SP500 index falling, driven by rising inflation, reduced consumer pressure and new trade tariffs. These factors have contributed to increased uncertainty in the markets, prompting investors to move to safer assets such as gold and government bonds
Technically, the price has been in consolidation (correction channel) for two weeks and after breaking the support of the figure, the price entered the realization phase within the global downtrend.
Resistance levels: 85300, 86350, 89400
Support levels: 83600, 81270, 79980, 78100
Emphasis on the support at 83600. The price fixing under this zone may provoke further fall to 80-78K. But I do not exclude the fact that a small correction to the zone of interest is possible (to capture liquidity) before a further fall to the previously identified key zones of interest.
Regards R. Linda!
15-Min Bitcoin Setup – Quick Scalping Opportunity?First of all, I must say that this is a short-term analysis in a 15-minute time frame . Please be careful .
Let's take risks while respecting capital management. Be sure to respect capital management.
Bitcoin ( BINANCE:BTCUSDT ) is currently trading in the support zone($84,120_$81,500) , Potential Reversal Zone(PRZ) near the lower line of the ascending channel .
In terms of Elliott Wave theory , it seems that Bitcoin could complete its 5 bearish waves near the lower line of the ascending channel .
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys .
I expect Bitcoin to be able to rise to at least $85,400.
Cumulative Short Liquidation Leverage: $86,397_$85,760
Cumulative Long Liquidation Leverage: $84,262_$83,336
Note: One of the reasons for Bitcoin's decline is the decline in US indices such as CME_MINI:NQ1! , SP:SPX , and TVC:DJI .
Note: If Bitcoin falls below $83,000, we can expect more dumps.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Gold can continue moving up inside the upward channelHello traders, I want share with you my opinion about Gold. At the beginning of the chart, the price started to grow from the buyer zone between 2865–2880 points, entering the first upward channel, where it formed higher highs and higher lows. After multiple rejections from the resistance line, the price made a correction and exited the channel, but the overall bullish impulse remained intact. Following a brief consolidation in the support area between 3000–3015 points, GOLD launched another strong move upward, securing a position above the current support level at 3000. This zone has proven to be strong support and marked the beginning of a new upward channel. Currently, the price is trading confidently inside this second upward channel. After a minor correction to the midline, GOLD continued its upward trajectory. I expect a short-term pullback, but as long as the support holds, the bullish trend is likely to continue. My main scenario assumes that GOLD will stay within the channel and move toward TP1, which is set at 3135 points. Given the bullish structure, solid reaction from support, and clear upward momentum, I remain bullish and anticipate further growth. Please share this idea with your friends and click Boost 🚀
GOLD - Price can bounce up from pennant to $3100 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Price sometimes declined inside the falling channel, where it broke support level and fell to the channel's support line.
Then it turned around and rose to support area, some time traded near and later continued to move up.
Gold broke $2935 level again and soon exited from channel also, after which continued to grow in pennant.
In pennant, price reached $3055 level, which coincides with resistance area and tried to break it, but failed.
After this, price corrected to support line of pennant and then started to grow, and now it trades near $3055 level.
In my mind, Gold can bounce up from support line of pennant to $3100, breaking resistance level.
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MEWUSDT → False breakout of resistance after distributionBINANCE:MEWUSDT.P in the distribution phase is testing a strong resistance and liquidity zone against which it makes a false breakout.
Regarding the current situation, we should pay attention to several key levels - support and upper resistance. A retest of 0.00300 - 0.00312 is possible, the target of which could be another liquidity zone, before MEW continues its fall according to the current local and global trend, which have a common direction on the background of weak bitcoin and weak cryptocurrency market.
Resistance levels: 0.002793, 0.003, 0.00312
Support levels: 0.002696
The key support area plays the role of 0.002696, which are trying to contain the market. Below this line is a free zone and there are no levels that can prevent the movement. Thus, the breakdown and consolidation of the price under 0.026969 can provoke a strong impulse towards the zones of interest 0.00222, 0.002
Regards R. Linda!
LAYERUSDT → Far retest of key resistance at 1.400BINANCE:LAYERUSDT.P is forming a realization within the uptrend. The coin is stronger than the market, but the initial reaction to the strong resistance at 1.400 may be in the form of a false breakout and a pullback to 1.275 or 0.5 fibo
Since the opening of the session, LAYERUSDT has passed the daily ATR, but after reaching the resistance, the coin may not have the potential to continue rising. Liquidity above the 1.400 level may hold this area and prevent the coin from breaking through this zone the first time around.
Bitcoin is testing trend resistance at this time and could likely form a rebound or a continuation of the decline, which could affect altcoins accordingly!
Resistance levels: 1.400
Support levels: 1.2932, 1.2747, 0.5 fibo
BUT ! Everything depends on the price reaction at 1.400. A sharp and distributive approach with 90% probability will end in a false breakout and correction to the mentioned targets.
But, if LAYER starts to slow down and consolidate in front of the level, an attempt of breakout and struggle above 1.400 is possible and further movement will depend on it.
Regards R. Linda!
Google Wave Analysis – 28 March 2025
- Google broke key support level 160.00
- Likely to fall to support level 147.30
Google recently broke the key support level 160.00 (which has been reversing the price from September, as can be seen from the daily Google chart below).
The breakout of the support level 160.00 accelerated the active impulse waves iii and 1 – both of which belong to the extended downward impulse wave (1) from last month.
Google can be expected to fall to the next support level 147.30 (a former multi-month low from last September).
Gold Wave Analysis – 28 March 2025
- Gold broke resistance level 3050.00
- Likely to rise to resistance level 3100.00
Gold rising steadily after breaking above the key resistance level 3050.00 (which reversed the price earlier this month).
The breakout of the resistance level 3050.00 accelerated the active impulse wave 5 of the higher impulse wave (3) from November.
Given the clear daily uptrend, Gold can be expected to rise to the next resistance level 3100.00 (target for the completion of the active impulse wave (3)).
US Equities Fall Amid Inflationary Pressures and Trade TensionsUS equities closed the week with significant losses, reversing the gains recorded during the previous week. The S&P 500 and Nasdaq dropped more than 1%, reflecting a clear deterioration in market sentiment amid multiple adverse factors.
The bearish session unfolded in an environment dominated by worrying signs of inflationary pressures, particularly the Personal Consumption Expenditures (PCE) Price Index, a key gauge followed by the Federal Reserve (FED). The core PCE posted a monthly increase of 0.4%, the largest gain since January 2024, exceeding market expectations. On an annual basis, this measure accelerated to a concerning 2.8%, signaling persistent inflationary pressure that could complicate future monetary policy decisions by the FED.
At the same time, soft data has continued to deteriorate significantly, adding uncertainty regarding the resilience of hard data. The University of Michigan consumer sentiment index fell to 57, its lowest level since November 2022, due to negative expectations regarding personal finances, unemployment, and inflation. In fact, two-thirds of consumers anticipate a rise in the unemployment rate, reflecting a level of concern not seen since the 2009 financial crisis.
Much of this uncertainty has been fueled by recent policies implemented by the Trump administration, particularly government spending cuts and aggressive trade policies. The latest move came with the announcement of 25% tariffs on imported cars and auto parts, effective April 3. This measure triggered an immediate negative reaction in both local and international markets, anticipating higher costs for US consumers and potential trade retaliation from key partners such as the European Union, Canada, China, Japan, and South Korea.
At the sector level, discretionary consumer goods were the most affected on Friday, while utilities showed relative resilience. This uneven performance supports the case for a defensive market, reflecting a growing risk aversion among investors.
The combination of inflationary pressures, economic slowdown, and rising trade tensions creates a challenging environment for equities. Overall, current conditions point toward a concerning scenario with signs of stagflation: low economic growth coupled with persistent inflation and a rapidly deteriorating economic sentiment.
In conclusion, it will be key to closely monitor the evolution of hard economic data as well as the international response to US trade policies. The big question in the coming months is whether the current fragility in economic sentiment will ultimately translate into hard economic indicators, decisively impacting equities.
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Euro can exit from pennant and rebound up from support areaHello traders, I want share with you my opinion about Euro. The price was previously trading inside an upward channel, where it consistently rebounded from the support line and moved toward the resistance line. After a final bounce from the lower boundary, EUR made a strong breakout and exited the channel, triggering a powerful bullish impulse. This move brought the price directly to the current support level at 1.0745, which overlaps with the support area. After reaching the local high, the price turned around and entered a correction phase, forming an upward pennant pattern. Inside this structure, we can see how EUR respected both the resistance line and the rising support line of the pennant. Recently, the price rebounded from the support line again, showing signs of strength near the support area, and is now consolidating at the edge of the pennant. This setup often signals an upcoming breakout. I expect the price to break above the resistance line of the pennant and continue its bullish move toward TP1, which is set at 1.0950 points. Please share this idea with your friends and click Boost 🚀
DOGEUSDT valid breakout to the upside As we can see price broke channel resistance and now only after a valid retest here we can expect heavy pump start but we should consider it that we are now in a short-term bear market so price can fall more here to our major buy zones which are mentioned on the chart with green zones and then start of pump.
DISCLAIMER: ((trade based on your own decision))
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GBPAUD what's next ! GBPAUD is trading inside an ascending parallel channel, the price action shows a neutral short term trend, but the major trend is bullish, price is clearly trading above the 200 EMA, my setup is wait for price to touch resistance line of the channel to catch the next correction, let me know in the comments bellow what do you think for this pair, your thoughts is important, if you like my idea don't forget to boost it.
GOLD → Consolidation forms a trigger. Rally?FX:XAUUSD continues to rise amid weakening dollar demand due to Trump's imposition of new tariffs. GDP and Initial Jobless Claims ahead
Gold is further supported by renewed concerns about a slowdown in the US economy due to trade duties. However, growth beyond ATH remains questionable due to geopolitical nuances.
The market focus shifts to macroeconomic data: the final US GDP for the fourth quarter and jobless claims will be released today. Also the attention will be drawn to the speeches of the Fed representatives, who earlier made it clear that they are in no hurry to cut rates due to inflation risks caused by Trump's tariff policy
Resistance levels: 3038, 3046, 3056
Support levels: 3033, 3025
The strong resistance is 3038. Breakdown and price consolidation above this level will provoke continuation of growth (there is a chance of ATH retest). But, since there is news ahead, gold may test the zone of interest and liquidity 3030-3025 before further growth.
Regards R. Linda!