US Open – Pre-Market Setup (April 8, 2025)
- forex368 Forex Education
- 4 days ago
- 3 min read
Session: US Open (Pre-Market)Date: April 8, 2025
US stock index futures surged Tuesday morning, pointing to a potential rebound after a sharp three-day selloff erased over $5 trillion in equity value. The S&P 500 futures rose 2.7%, while Nasdaq 100 contracts gained 2.6% as of 8:10 a.m. ET.
The rally is being attributed to opportunistic dip buying, thin liquidity conditions, and signs of bottoming technicals. Major tech stocks are leading the recovery, with Nvidia up over 4% pre-market. Analysts from UBS and JPMorgan suggest the selloff may have reached exhaustion, with historical models supporting a short-term bounce.
However, volatility remains elevated, with the VIX hovering near 42, signaling potential for continued sharp intraday moves. Traders are now watching earnings season, set to begin Friday with reports from major US banks including JPMorgan and Wells Fargo.
This pre-bell environment sets the tone for today’s intraday opportunities. Below are the key Forex and index setups for the US Open session.
This pre-bell environment sets the tone for today’s intraday opportunities. Below are the key Forex and index setups for the US Open session.
🕓 Quick note before the charts:
We always build our intraday setups off the 4-hour (4H) candle first. It filters out the noise, shows clean structure, and gives us stronger zones to lean on. Once we’ve got that bias, we dial into the lower timeframes (like 1H or 15M) for timing—but never without the 4H map first.
Bias: Bullish Re-entry
Current Price: 1.0947
Session: US Open (Pre-Market) – April 8, 2025
ENTRY: 1.0905
SL: 1.0855
TP1: 1.0985
TP2: 1.1040
RISK: Medium
Strategy: Pullback entry after squeeze; holding above mid-band and 4H structure support.
Chart Notes:
– 4H Bollinger Bands tightening after breakout
– RSI stabilizing near 50 after overbought
– Price respecting 20 EMA / structure zone from April 3–5
Insight:
This setup favors a measured continuation play. No chasing highs — we wait for clean entry near 1.0900 zone. Structure remains bullish unless 1.0850 fails clean.
🔹 GBP/USD – 4H SWING SETUP
Bias: Bearish Continuation
Current Price: 1.2777
Session: US Open (Pre-Market) – April 8, 2025
ENTRY: 1.2820
SL: 1.2885
TP1: 1.2705
TP2: 1.2640
RISK: Medium
Strategy: Sell-the-bounce setup after sharp breakdown below 1.29 structure
Chart Notes:
– Clean break from upper Bollinger Band → full reversal
– RSI rejected from 70 and still below 40
– Last bounce failed to reclaim 20 EMA zone
Insight:
GBP/USD gave up last week's bullish momentum with a sharp 300+ pip drop. Price now trades below all key moving averages. We'll sell into corrective bounces toward 1.2820–1.2850, targeting the next support leg. No long setups while under 1.2885.
🔹 USD/CAD – 4H SWING SETUP
Bias: Bearish
Current Price: 1.4167
Session: US Open (Pre-Market) – April 8, 2025
ENTRY: 1.4195
SL: 1.4255
TP1: 1.4095
TP2: 1.4030
RISK: Medium
Strategy: Fade into the lower high – sell-off continuation toward 1.41 and below
Chart Notes:
– RSI turned after failing near 60
– Price rejected mid-band (20 EMA), forming a clear lower high
– Volatility expanding to downside, favoring continuation
Insight:
Price bounced sharply off 1.4050 but failed to reclaim the mid-band or break the prior swing high. Current 4H candle structure supports fading rallies. We’re shorting the retest zone near 1.4195 with clean downside space below.
Bias: Bearish Rejection
Current Price: 146.85
Session: US Open (Pre-Market) – April 8, 2025
ENTRY: 147.20
SL: 147.95
TP1: 145.90
TP2: 144.80
RISK: Medium
Strategy: Fade mid-band rejection — trend continuation toward lower support zones
Chart Notes:
– Strong bounce from 143.50 but capped at 20 EMA (mid-Bollinger)
– RSI rolled back from ~60 zone
– 4H candles printing lower highs inside bearish structure
Insight:
USD/JPY's bounce is running out of steam below key resistance. We're eyeing a fade setup on any push into 147.20–147.40. As long as price stays under 148, bearish structure remains valid with room to retest lows.