Ethereum has pulled back significantly, experiencing a sharp 51% decline from its recent high. This steep correction presents a solid opportunity to go long. Currently, ETH is sitting at a critical support level, making it an ideal entry point for a potential recovery. Trade Setup: • Entry: Market price after the 51% drop • Target: $4,400 • Stop Loss:...
I’ve entered a long trade on Silver (XAG/USD) after observing a deep retrace to the 0.7 Fibonacci level on the daily timeframe. The entry at $28.96 is positioned strategically based on historical support and the current technical setup. The stop loss is set at $26.54 to mitigate risk, while the take profit target is $36.00, aligning with a potential...
Oil prices have surged impressively, fueled by recent fundamental-driven market moves. However, this swift upside has led WTI crude to my point of interest, offering a prime opportunity to short against the trend. My trade strategy includes taking partials at the $74 price zone. Here’s why this setup is supported by bearish fundamentals: 1. Rising U.S. Fuel...
After a deep retrace on the daily timeframe, I’ve initiated a long position on the Nasdaq US100. The plan is to ride this wave back to its Higher High, capitalizing on the recovery momentum. Technical Insight: • Key Structure: The market has shown strong respect for the current retracement levels, providing a solid base for a bounce. • Trendline Support:...
Copper is showing signs of exhaustion after recent bullish momentum, prompting a short setup on the 15-minute timeframe. Price action aligns with a potential retracement toward the $4.17 zone, where a critical support level resides. Why This Trade? • The overextended rally suggests a short-term pullback. • Technical indicators point to weakening momentum,...
The DAX approached its previous high but failed to break through, signaling potential exhaustion at these levels. In response, I have initiated a short position, targeting a retracement to the 19,700 price zone. Fundamental Insights: 1. Economic Uncertainty: Disappointing inflation data from China has sparked concerns about demand for German goods, which...
Natural Gas (XNG/USD) has spiked to revisit the $4 price zone, activating my short trade. This marks the second time in two years that the price has reached this significant resistance area. The $4 level is pivotal, serving as a key psychological barrier and a historic zone of strong price action. With the position now live, I am leveraging the resistance for a...
I initiated a long position on Gold (XAU/USD) following a retracement to the 0.6 Fibonacci level on the 8-hour timeframe. This setup marks the first swing trade on Gold this year, targeting the $2,680-$2,687 price zone. Gold opened the year on a bullish note, aligning with mid-range technicals. This trade reflects a mid-term outlook, aiming to capitalize on...
The Dow Jones has triggered my short position following a significant volume spike, currently trading below the key EMA levels. The technical setup suggests a bearish continuation toward the 42k price zone. This aligns with a short-term correction in equities after December marked the Dow’s worst monthly performance in over two years. Fundamentals: • Major...
On the 8-hour BTC/USD timeframe, I have executed a short position following a clear rejection from the FibCloud, signaling strong resistance at this level. The price action showcases a classic flip of old support into new resistance, further solidifying bearish momentum. My target for this trade is the $90,000 price zone, aligning with the 200MA on the 8-hour...
Since the elections, traditional markets have been climbing to new highs, showcasing strong bullish momentum. However, I’m now eyeing a short opportunity on the Dow Jones (US30) as it retraces to key support zones around 44,400–44,500. This area appears to be a strong support zone, and my plan is to capitalize on the retracement for a potential long setup near the...
Gold has shown a strong rejection of the $2,650 price area after retracing to the Sunday open levels, aligning with the prevailing higher time frame (HTF) bearish trend. This trade is engaged to capitalize on the downside potential as the price fails to break the dynamic resistance at $2,650. With the support of the HTF momentum and a clear rejection, the trade...
EUR/USD has retraced slightly, offering a good entry point for a short trade. The pair remains bearish, trading below the 200-day MA, with strong resistance near 1.062 holding firm. Targeting the 1.0400 price area, this trade aligns with the broader downtrend, supported by both technical and fundamental factors. Technical Overview: The current trend is...
BTC is currently showing strong bullish momentum, with both technical and fundamental factors in alignment. The trade aims to capitalize on this momentum towards the 100K level, with a cautious eye on potential selling pressure. Pay attention to the consolidation range, as further upward movement could solidify BTC’s path to the target. Technical Overview:...
Gold has retraced to the 0.5 Fibonacci level within the cloud zone, trading above the 200 Moving Average (MA) on the 30-minute timeframe. While the smaller time frame shows a bullish structure, the higher time frame remains firmly bearish. This trade capitalizes on the short-term bullish momentum within the retracement phase, keeping the broader bearish trend in...
I’ve initiated a long position in Copper after a successful retracement to the 0.6 Fibonacci level, which triggered my entry. The bullish trend looks solid, and I am targeting the 0.7 Fibonacci level for my take-profit (TP), aligning perfectly with my point of interest around the 4.800 level. As of now, Copper is facing resistance in the 4.300–4.400 price zone,...
The Japan 225 index is currently trading below the FibCloud, signaling a potential downward trend. My target for this short trade is around the 35,500- 36,200price area, where I anticipate significant support based on historical price movements and Fib levels. For now, I’ll let the trade run, while closely monitoring price action near the 40,000 zone. It’s crucial...
Taking advantage of the current bearish momentum in the Nasdaq with a daily short setup. Recent price action reveals a double-top pattern and a significant trendline break, suggesting potential downside. As we approach critical economic data releases, volatility is expected, which could fuel further bearish movement. Technical Analysis • Pattern: Double-top...