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EUR/USD Rejection at Key Resistance – Bearish Drop Incoming?EUR/USD 4H Chart Analysis 📉🔥 Key Observations: Resistance Zone (Supply Area) 🚨 Price has tested a strong resistance level (marked by the shaded box) near 1.0500. Multiple rejections in this area suggest selling pressure is strong. Potential Reversal Setup 🔄 The price has wicked into resistance and started showing weakness. A lower high structure could be forming, indicating a possible trend shift. Bearish Outlook 🐻📉 A break below recent support would confirm a sell-off targeting the lower price range. The chart suggests a potential move towards 1.0350 - 1.0300 levels. The 200 EMA (1.0425) is acting as dynamic support, but a break below it will accelerate the drop. Liquidity Grab & Stop Hunt 🎯 Price action could have trapped buyers before reversing. A potential stop-loss hunt above the previous highs before a drop. Trading Plan 💡 ✅ Sell Bias: Look for confirmations like bearish engulfing candles or break below 1.0450. ❌ Invalidation: A clean breakout above 1.0510 cancels the bearish setup. 🎯 Target Levels: 1.0350, 1.0300. 🔥 Final Verdict: Bearish setup forming. Watch for breakdown confirmation! 🚀
Short
by MrStellanSight
EUR/JPY Bearish Setup: Rejection from 200 EMAEUR/JPY 1H Analysis 📉📊 Bias: Bearish 🔻 This EUR/JPY 1-hour chart suggests a bearish setup with potential downside movement. Here’s a breakdown of key elements: 🔍 Key Observations: 200 EMA Resistance 🚨 Price is struggling below the 200 EMA (158.383), a strong dynamic resistance. Bears are defending this area, preventing further upside. Supply Zone (158.319 - 158.383) 🟥 Price recently rejected from this key resistance zone. Sellers stepped in aggressively, pushing price lower. Bearish Market Structure 📉 Lower highs and lower lows are forming, confirming the downtrend. A potential retest of resistance before another drop. RSI Indicating Weakness ⚠️ RSI (51.59) is below overbought levels and sloping downward. The 56.02 resistance on RSI suggests limited buying strength. 📍 Trade Setup Idea: Entry: Around 157.70 - 158.00 (Possible retest zone) Target: 156.25 - 156.00 (Major support area) 🎯 Stop Loss: Above 158.40 to avoid fakeouts ❌ 📌 Summary: Bearish Bias 🚨 as long as price remains under 200 EMA. Expect a pullback before continuation to the downside. 156.00 Target looks achievable if sellers maintain pressure. ⚡ Trade cautiously & manage risk properly! 🚀 Let me know if you need more details! 🔥
Short
by MrStellanSight
GBP/JPY 1-Hour Chart Analysis: Bearish Rejection at 200 EMA! 📊 GBP/JPY 1-Hour Chart Analysis 📉 1️⃣ Trend & Key Levels: 📌 Price is testing the 200 EMA (190.674), acting as resistance. 🔻 Recent price action shows a rejection at this level, suggesting bearish pressure. 2️⃣ Trade Setup (Possible Short Position) 💰: Entry: Around 190.354 - 190.674 📍 Stop-Loss: Above 190.972 🚫 Take-Profit Target: Around 188.685 ✅ 3️⃣ RSI Indicator (Momentum Check) 📉: 📊 RSI at 52.47 → Neutral, slightly bullish. 🔥 55.93 level shows price was overbought recently but is cooling down. ✅ Conclusion: 🔴 If price stays below 190.674, expect a drop toward 188.685. 🟢 If price breaks above 190.972, bullish momentum could continue.
Short
by MrStellanSight
BTC/USD Analysis: Bullish Momentum Faces Resistance at $110,000!Looking at this chart of BTC/USD on the 4-hour timeframe: Current Price: The price of Bitcoin is currently around $98,468.88, with a slight increase of +0.24% for the session. Key Levels: The price is approaching a strong resistance zone near the $110,000 level, which is marked with a shaded area above the current price. This could act as a psychological barrier or a sell-off zone if the price reaches this level. On the downside, there is support near the $94,000 level, indicated by a box in the lower part of the chart. The market has shown a tendency to bounce from this zone in the past. 200 EMA: The 200-period Exponential Moving Average (EMA) is currently around $98,193, and the price is trading slightly above it, which indicates that the trend may be leaning bullish, but a pullback to this level could be expected. Price Action: The chart shows a series of upward movements after consolidation in the lower range, which suggests bullish momentum. However, the proximity to resistance means the price might face some challenges breaking through the $110,000 zone. Overall, there’s potential for Bitcoin to test higher levels, especially if it can clear the resistance near $110,000. But a pullback or consolidation around the $94,000 region could also be on the cards. Keep an eye on volume and price behavior around these levels to confirm the next move.
BINANCE:BTCUSDLong
by MrStellanSight
Ethereum (ETH/USDT) at Critical Support – Breakout or Breakdown?📉 Ethereum (ETH/USDT) 4H Chart Analysis 🔴 Current Price: $3,220.06 (-0.95%) 📊 Indicators & Patterns: Downtrend Resistance: A descending trendline is acting as resistance. Support Zone: The red highlighted area (~$3,220) is a key support level. 200 EMA: At $3,320, acting as resistance. 🔮 Possible Scenarios 1️⃣ Bullish Case 🚀: If ETH holds the support and breaks the descending trendline ($3,320), it could test higher levels around $3,400 - $3,500. 2️⃣ Bearish Case 📉: A breakdown below the support ($3,220) could trigger a fall towards $3,100 or even $3,000. 🎯 Key Levels to Watch Resistance: $3,320 (EMA 200), $3,400 (Trendline) Support: $3,220 (Zone), $3,100 (Next Major Support) ⏳ Conclusion ETH is at a critical decision point. A bounce could lead to a breakout, but failure to hold could trigger more downside. Watch for a reaction around $3,220! 🚦
by MrStellanSight
Silver Option Trader's Next Move: What's Brewing in the Market?We wanted to share some thoughts on silver with you guys. You know, we've been hunting for insights into this asset for the past few months and sharing the findings of our research and analysis (which, by the way, has been pretty solid - you should check it out). So, let us explain. The first thing (#1 at the chart) we have here is some data on a specific option called "Butterfly" with an expiration date of July 25 - that's 43 days away from now. This is a pretty standard "Butterfly," so it's not really for insider trading. But the interesting thing is, despite the fact that there are still 43 days until expiration, t he person who owns this option portfolio is closing his positions. In other words, he doesn't expect the price to return to this level in the short or medium term. And then we have another level shown here (#2 at the chart), at strike price 25. This strike caught our attention a few weeks back and we've been watching it like a hawk. The drop in open interest at that strike could mean that the downtrend might be over and we're waiting for a bounce, but it hasn't happened yet. The volume of open interest around strike 25 has stayed the same, even with all the volatility in silver and all the ups and downs in the market. Bottom line: the market sentiment is still bearish and we haven't seen any signs of a price turnaround yet.
OANDA:XAGUSDShort
by ClashChartsTeam