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Pivot_points

USD remains weak across the board. EUR, GBP & JPY Bullish.Not much action due to the extended market break and Easter weekend but I expect more USD selling across the board in the coming weeks ahead. Long positions are sitting tight but two areas I am keeping an eye on are 1.1200 as a base support and 1.1500 as the resistance hurdle we need to clear in order to open up the gates to 1.2000+ GBP/USD is still a bullish case for me as the short term resistance may be cracking and I'm still expecting for the JPY to advance against the USD. It's good to get a break from the market volatility but I surely expect it to resume in the coming week! Good Luck & Trade Safe!
by InternalTraderNYC
Indecision Reigns: BTC Testing Crucial Resistance ZoneThe recent price action of COINBASE:BTCUSD shows a clear battle between buyers and sellers near a critical resistance level around 66,000. The price has struggled to break above this level, leading to a period of consolidation. However, the price has stayed within a tight range, reflecting indecision in the market. Although there has been some selling pressure, buyers have been able to hold the price above key levels, indicating that bullish sentiment is still present. The recent candle patterns provide insight into this indecision. We’ve seen a mix of candles with longer wicks, indicating attempts by both buyers and sellers to take control, but neither side has dominated. This type of back-and-forth movement often signals that the market is waiting for a stronger catalyst. Some candles show clear rejection from higher prices, suggesting that the 66,000 resistance level is being heavily defended by sellers. On the other hand, the recent green candles with stronger closes near their highs indicate that buyers are slowly gaining strength. COINBASE:BTCUSD next move will likely depend on whether it can break above the 66,000 resistance or lose momentum and fall back to support levels around 62,000 short term, or 58,000 for medium term. A strong bullish candle breaking above resistance could signal a rally toward 70,000, while a failure to break through may lead to further consolidation or a potential pullback.
COINBASE:BTCUSDLong
by David_SpotTheTrend
NVIDIA (NVDA) - Bullish Momentum Fueled by AI RevolutionKey Fundamentals Supporting Bullish Bias: 1. Surging demand for AI chips driving record-breaking revenue growth 2. Launch of next-gen Blackwell architecture expected to outperform current offerings 3. Expanding market share in data center and cloud computing sectors 4. Strong cash flow and $50 billion share buyback program announced Utilizing Probabilities for Long Positions: As a trader, I'm leveraging probabilistic analysis to optimize my long entries on NVIDIA. By combining fundamental analysis with probabilistic technical analysis, I aim to capitalize on NVIDIA's bullish potential while managing risk effectively. 12M: 2W: 1H: What's your take on using probabilities in trading? Share your thoughts and experiences in the comments below! Let's discuss how this approach can enhance our trading strategies. Have a perfect trading week! 🚀
NASDAQ:NVDALong
by Jasminex1x2
Why Now is the Time to Go Long on USDJPY: A Trader’s PerspectiveCurrent Fundamentals: -Diverging monetary policies: The Federal Reserve maintains a hawkish stance, while the Bank of Japan continues its ultra-loose policy. -Economic growth disparity: The US economy shows resilience, outpacing Japan's growth rate. -Interest rate differentials: Higher US yields attract capital flows, strengthening the dollar against the yen. I'm employing probability-based analysis to enter long positions in USD/JPY. Let's discuss what's going on with USDJPY! 12M: 2W: 1H:
Long
by Jasminex1x2
2
EURAUD : Trendline Break RetracementThe pair experienced a strong bearish movement to break the trendline and reach the monthly support level. It now seems to be forming a double bottom on the lower tf before pulling back to retest the broken trendline resistance. This retracement is a common price behavior following a trendline break and offers traders a valuable opportunity to enter the market at a favorable price point. What makes this trading setup even more compelling is the confluence with the monthly pivot point. The broken trendline coincides with the monthly pivot, which often acts as a critical level in many trading strategies. This confluence adds further weight to the potential significance of this area as a resistance zone. Given this setup, we may consider adding buy positions with targets at the broken trendline, coinciding with the monthly pivot, after which we can join the bearish sentiment, with the expectation that the market may continue its downward movement.
Long
by DennisDims
2
DESCENDING CHANNEL - Range Trading StrategyHello my Fellow TraderZ, Today this is not any Trade idea but a TUTORIAL on how to Trade the RANGE or the CHANNEL. This is simple, safe, profitable and straight forward Price Action strategy. Here we are taking the chart of US Govt. Bond 10Y-yield. This is the perfect setup of DECENDING CHANNEL on MONTHLY chart. No time bound you can trade at any TIMEFRAMES, but Higher Time Frames are more reliable. You see, to draw any Trendline we need minimum 2/3 touch points. Whenever the price touches the Trendline, never open any Trade in RUSH, wait, see the kind of candles forming at Touch Points (at LOWER TL = BULLISH PA, at UPPER TL = BEARISH PA). PA = Price Action. This should be coupled with the VOLUME. Notice the S/R areas, where price gives multiple hits before bounce or rejection. This will give you extra boost as these horizontal S/R are more reliable than Dynamic S/R. Also these areas could be your Pivots to make ENTRY(incase price doesn't hit the channel Trendlines) or TP Targets. Look at the Percentage(%) wise gains simply following the channel(BUY THE LOW, SELL THE HIGH). Well I've just mentioned the BUYS, you can add the short positions also. Until the price is in channel you can take Multiple Trades both LONGing and SHORTing the market, unless the channel Breaks. This is the beauty of Range Trading. Similarly you can trade ASCENDING CHANNEL/WEDGES as well. NOTE : PRICE ACTION is majorly important in the Game of Trading. If you like this content, kindly give a FOLLOW & BOOST to me. Also COMMENT to bring more such #educational contents. Sorry if its a bit Lengthy post. Happy Trading . CHEERS!!!
TVC:US10YEducation
by TRADER-GOKU
1
EUR/JPY: bullish momentum to the upsideEuro/Yen Japanese it's look bullish in this side. Right now, we see that EUR/JPY made this break-out of this little symetrical triangle and then, we would need to hope a possible pull back at $134.28 JPY what it's recommend to add an alarm in that price $134.28 JPY to being informed when price hit the alarm. So, from this perspective I see a long position. This it's the H4 timeframe and we see a long position what EUR/JPY could to make reaction to $135.78 JPY And to watch, in Daily timeframe we have a key zone of demand in this yellow zone around $133 JPY with possible chance to go up. I hope that this analysis support you!!!
Long
by harisonhbn9718
4