May be consoldation Market bullish in up trend .
1. Key Zones Identified
Resistance Zone (~109,000 – 110,000 USD):
Marked by the upper blue shaded rectangle. This is where price previously got rejected multiple times, forming a ceiling.
Support Zone (~105,000 – 106,000 USD):
Marked by the lower blue shaded area. This is where price bounced back up multiple times, forming a floor.
2. Chart Pattern
Descending Channel (Bearish Trend):
The price moved downward inside a slanted channel (indicated with green lines and shading), respecting the upper and lower boundaries of this channel.
Breakout Setup:
The price appears to be breaking out of the descending channel, with a bullish green arrow showing a projected upward move. This suggests a potential reversal from the recent downtrend.
3. Trading Outlook
Bullish Breakout:
The large blue arrow and green zone imply an expectation of upward price movement. The red box below that arrow may indicate the stop-loss zone, signaling where risk is defined.
Entry Zone:
Price currently at ~105,765, possibly just breaking out of the descending channel. This may be interpreted as a long entry opportunity.
4. Strategy Interpretation
Buy Signal Confirmation:
If price closes above the descending channel with volume, it supports a long (buy) setup.
Target Area
Around 108,000 – 109,000 USD, likely aiming to retest the previous resistance zone.
Stop-Loss Zone:
Below 105,000 USD to manage risk.
1. Key Zones Identified
Resistance Zone (~109,000 – 110,000 USD):
Marked by the upper blue shaded rectangle. This is where price previously got rejected multiple times, forming a ceiling.
Support Zone (~105,000 – 106,000 USD):
Marked by the lower blue shaded area. This is where price bounced back up multiple times, forming a floor.
2. Chart Pattern
Descending Channel (Bearish Trend):
The price moved downward inside a slanted channel (indicated with green lines and shading), respecting the upper and lower boundaries of this channel.
Breakout Setup:
The price appears to be breaking out of the descending channel, with a bullish green arrow showing a projected upward move. This suggests a potential reversal from the recent downtrend.
3. Trading Outlook
Bullish Breakout:
The large blue arrow and green zone imply an expectation of upward price movement. The red box below that arrow may indicate the stop-loss zone, signaling where risk is defined.
Entry Zone:
Price currently at ~105,765, possibly just breaking out of the descending channel. This may be interpreted as a long entry opportunity.
4. Strategy Interpretation
Buy Signal Confirmation:
If price closes above the descending channel with volume, it supports a long (buy) setup.
Target Area
Around 108,000 – 109,000 USD, likely aiming to retest the previous resistance zone.
Stop-Loss Zone:
Below 105,000 USD to manage risk.
Trade active
Congratulation guys our half target has been achived around 100+PIPS is in running progress . market is in our favour . Trade closed: target reached
Congratulation guys our target has been hit around 386+PIPS in profit . its a big target and ready for next target.
Best Analysis xauusd single
t.me/+SAB5y_Kpm8RjYjlk
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+SAB5y_Kpm8RjYjlk
t.me/+SAB5y_Kpm8RjYjlk
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+SAB5y_Kpm8RjYjlk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Best Analysis xauusd single
t.me/+SAB5y_Kpm8RjYjlk
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+SAB5y_Kpm8RjYjlk
t.me/+SAB5y_Kpm8RjYjlk
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+SAB5y_Kpm8RjYjlk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.