Get started

Beyond Technical Analysis

EURUSD CONCEPTGood morning, depending where in the world you are @. I've been following Fiber for quite sometime now and its price action is quite interesting. So, we are currently in the London session and I still have no bias of the session. Let me tell you why, the dollar index is not clear/ strongly biased but HTF analysis shows me that we might push the dollar higher. That equates to me being confident that I wanna see E-U melt down sometime later in the day or week. The tricky part about E-U according to my today's analysis is that it has 2 juicy levels which are so opposite from each other. One level is @ the Asian lows; Sell-side liquidity. The other is @ the 1 hr premium array levels (POI) point of interest for sells. Honestly, I don't know which level the market will follow for now. If you have any comments, you can freely share. Hit the follow & boost button for more insights and see me execute. Hey, I'll update you guys once I see something happening. Stay safe
by gachihi
1
BNB: Poised to Resume Bullish TrendBNB Poised to Resume Bullish Trend Since February 13, BNB has experienced a month-long decline, entering a clear 4-hour bearish trend. However, the price appears to have completed a "Descending Channel" pattern, signaling a potential shift. Currently, BNB is demonstrating renewed strength. A decisive move above the descending channel could propel BNB upwards, with an initial target of 625 and a secondary target of 670. You may watch the analysis for further details! Thank you:)
Long
by KlejdiCuni
1
continue downtrend , GOLD⭐️GOLDEN INFORMATION: Gold price (XAU/USD) holds steady above the key $3,000 level for the second consecutive day on Wednesday, though it struggles to reclaim the previous session’s peak. Ongoing uncertainty surrounding US President Donald Trump’s proposed reciprocal tariffs set for next week continues to bolster demand for the safe-haven metal. At the same time, the US Dollar (USD) remains under pressure following Tuesday’s weaker-than-expected macroeconomic data, providing additional support for gold’s upward momentum. ⭐️Personal comments NOVA: Gold price continues to decrease, around 2990 - 3000 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $3039 - $3041 SL $3046 TP1: $3030 TP2: $3020 TP3: $3010 🔥BUY GOLD zone: $2992 - $2990 SL $2985 TP1: $3000 TP2: $3008 TP3: $3018 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
2
EUR/JPY Triple Bottom Breakout – Bullish SetupThis chart represents the EUR/JPY currency pair on the daily timeframe. It highlights a Triple Bottom pattern, a bullish reversal formation that signals a potential upward trend after testing strong support multiple times. 1. Chart Pattern Analysis – Triple Bottom Formation The Triple Bottom is a classic reversal pattern that forms after a downtrend and consists of three distinct lows at nearly the same level. This indicates that sellers attempted to push the price lower but failed three times, suggesting that buying pressure is increasing. Bottom 1 (August 2024): The price reached a low near 150.344, forming the first support zone. Bottom 2 (September 2024): The price dropped again to the same support level but bounced back, indicating strong demand. Bottom 3 (March 2025): The price retested the support for the third time and rebounded, confirming the pattern. 💡 Key Takeaway: The repeated failure to break below the support level suggests that sellers are losing control, and buyers are preparing for a strong move up. 2. Support & Resistance Levels Understanding support and resistance levels is crucial for identifying entry and exit points: Support Level (150.344 - 150.125): This zone has acted as a strong demand area where price consistently bounced back. Resistance Level (167.500 - 170.000): This is the neckline of the Triple Bottom pattern. A breakout above this level confirms the bullish trend. If the price breaks above the resistance level, it will trigger buying momentum and open the doors for further upside. 3. Trading Strategy & Price Targets ✅ Entry Criteria The ideal buy entry is after the price breaks above the resistance level (~167.500 - 170.000) with strong bullish momentum and increased volume. Wait for a daily candle close above the resistance level to confirm the breakout. 🎯 Target Levels (Take Profit - TP) TP1 (173.001) – First profit-taking level, as the price may encounter some resistance. TP2 (179.266) – Final bullish target if the breakout holds strong. 📉 Stop Loss (Risk Management) Stop Loss (SL): Below 150.125, just below the previous support level. This minimizes losses if the price fails to break out. Risk-to-Reward Ratio: This setup offers a high risk-reward ratio, making it a favorable trade. 4. Market Psychology & Confirmation Signals The Triple Bottom indicates a strong shift in market sentiment from bearish to bullish. Confirmation signals to watch for: ✅ Bullish breakout above resistance ✅ Increase in trading volume ✅ Formation of bullish candlesticks (e.g., Engulfing, Marubozu, or Breakout Retest Confirmation) 5. Summary & Final Thoughts 🔹 The Triple Bottom pattern signals a strong reversal with clear upside potential. 🔹 The breakout above resistance (~167.500 - 170.000) will confirm a bullish trend. 🔹 Entry: Buy after breakout confirmation with volume support. 🔹 TP1: 173.001, TP2: 179.266 🔹 SL: Below 150.125 to protect capital. 🚀 Conclusion : This setup presents an excellent long opportunity with a well-defined risk-reward strategy. If the breakout holds, EUR/JPY could see a strong uptrend in the coming weeks.
Long
by GoldMasterTrades
EUR/GBP Chart Analysis – Double Bottom Reversal & Breakout Setup1. Market Structure & Context The EUR/GBP daily chart presents a well-defined double bottom reversal pattern, indicating a potential trend shift from a prolonged downtrend to an uptrend. The pair has been in a bearish phase, as reflected by the descending trendline. However, price action suggests a possible trend reversal, as buyers are stepping in near a key demand zone. A successful neckline breakout would confirm the bullish reversal, potentially leading to significant upside movement. 2. Key Chart Patterns & Technical Levels A. Double Bottom Formation (Bullish Reversal Pattern) The double bottom is a powerful reversal pattern, often signaling the end of a downtrend. It consists of two similar low points, forming a "W" shape. Bottom 1: The first low was established around 0.8200 - 0.8250, where buyers initially stepped in to push prices higher. Bottom 2: Price retested this demand zone, but sellers failed to push it lower, confirming a strong support level. Bullish Significance: The inability of sellers to break below the support zone suggests the exhaustion of selling pressure and increasing buy-side interest. B. Neckline Resistance & Potential Breakout Zone The neckline resistance is drawn around 0.8450 - 0.8500, a key level where previous price rallies were rejected. A breakout above this zone, ideally with strong bullish volume, would validate the double bottom pattern and trigger a bullish breakout trade. C. Descending Trendline Breakout Attempt The long-term downtrend resistance (trendline) has been holding since mid-2024. Price is currently testing this trendline; a clear breakout and retest would add further confidence to the bullish bias. 3. Trade Setup & Execution Plan A. Entry Strategy There are two possible entry strategies, depending on risk appetite: Aggressive Entry: Buy immediately upon a breakout above 0.8500, anticipating a strong rally. Conservative Entry: Wait for a breakout + retest of the neckline before entering, ensuring confirmation. B. Stop Loss & Risk Management Stop Loss (SL): Placed below the recent swing low at 0.82029. This level acts as the last line of defense for bulls; if price drops below it, the bullish thesis is invalidated. C. Take Profit (TP) Targets TP1: 0.86122 (first resistance zone, a previous swing high). TP2: 0.87284 (higher resistance level, next supply zone). These levels serve as potential profit-taking areas where sellers may re-enter the market. 4. Additional Technical Confluences Supporting Bullish Bias ✔ Key Support Zone Holding Strong – The price has bounced twice from the demand zone (0.8200 - 0.8250), confirming strong buyer interest. ✔ Volume Confirmation Needed – A breakout with high volume increases the probability of sustained bullish momentum. ✔ RSI & Momentum Indicators – If RSI crosses above 50, it would further confirm bullish momentum, supporting the breakout trade. ✔ Favorable Risk-to-Reward Ratio (RRR) – A well-defined stop loss & take profit strategy ensures an optimal trade setup. 5. Summary & Final Trading Plan Current Market Bias: Bullish if neckline breaks (Double Bottom Confirmation). Entry Confirmation: Look for a breakout above 0.8500 with strong volume. Profit Targets: TP1: 0.8612 TP2: 0.8728 Stop-Loss Level: Below 0.8202 to protect against fake breakouts. 🚀 Final Tip for Traders: Monitor price action & volume closely. A breakout without volume may lead to a false move. Confirmation with bullish momentum is essential for a high-probability trade setup.
Long
by GoldMasterTrades
1
ETHUSD is testing multi year support. I bought today.ETH is currently at a critical juncture. The price is testing a key support level at 2,074.52 USD after a 31% pullback from its recent high. Technical indicators like RSI and volume suggest that the downward momentum may be slowing, but confirmation of a reversal is needed (e.g., a break above 2,281.03 USD with increased volume). On the other hand, a break below 2,074.52 USD could lead to further downside. For Bulls: If you’re looking to buy ETH, watch for a strong bounce at this support level with confirmation from volume and RSI. A break above 2,281.03 USD would be a good entry point for a potential swing trade targeting 2,984.22 USD. For Bears: If the price breaks below 2,074.52 USD, it could be a good opportunity to short ETH with a target of 1,800 USD or lower. For Long-Term Holders: The current pullback appears to be a normal correction after a strong uptrend. If you believe in ETH’s long-term fundamentals (e.g., its role in DeFi, staking, and layer-2 scaling), this could be a good level to accumulate, especially if the price holds above 2,074.52 USD.
COINBASE:ETHUSDLong
by XlevelCapital
EUR/USD Triple Bottom Reversal | Bullish Breakout SetupChart Overview This is a EUR/USD 1-hour chart showing a classic Triple Bottom Reversal Pattern, a strong bullish reversal signal. The price has tested a key support level multiple times, forming three distinct bottoms, indicating that sellers are losing momentum while buyers are stepping in. This setup suggests an upcoming breakout, with well-defined entry, take profit, and stop-loss levels to capitalize on the potential upward move. Technical Breakdown 1. Support & Resistance Zones Support Zone (Highlighted in Beige) The price has tested this zone multiple times without breaking below, confirming strong buying interest. Each time the price touched this level, it rebounded, indicating accumulation by buyers. Resistance Zone (Highlighted in Beige) The price previously reversed from this level, making it a key area to watch for a breakout. A confirmed breakout above this resistance could trigger strong upward momentum. 2. Triple Bottom Formation A Triple Bottom is a strong bullish reversal pattern. It consists of: Bottom 1: First rejection from support. Bottom 2: A retest of support with buyers defending the level. Bottom 3: The final touch before an upward move, confirming the pattern. This pattern signals that selling pressure is diminishing and buyers are preparing for a strong breakout. 3. Bullish Reversal & Breakout Zone A breakout above the neckline resistance (around 1.0843) will confirm the pattern. Traders should wait for a confirmed candle close above the resistance before entering a long position. A retest of the breakout zone can provide an additional entry opportunity. Trade Setup & Key Levels 🔹 Entry Strategy Aggressive Entry: Enter at the breakout level (above 1.0843) with volume confirmation. Conservative Entry: Wait for a breakout retest before entering long. 🎯 Take Profit Targets TP1: 1.08868 (First resistance zone) TP2: 1.09642 (Major resistance zone, strong price reaction expected) ❌ Stop Loss Placement Stop Loss: Below 1.06786, under the support zone. This ensures that if the price breaks below the key level, the trade is invalidated. Market Sentiment & Expected Move If the price breaks the resistance → Expect a strong bullish move toward TP1 and TP2. If the price fails to break out → It may consolidate further or retest support. Watch for increased volume on the breakout to confirm strength. 📌 Final Thoughts This is a high-probability bullish setup based on a well-formed Triple Bottom Reversal pattern. Traders should monitor price action near the breakout zone and manage risk effectively with proper stop-loss placement.
Long
by GoldMasterTrades
Silver (XAG/USD) – Rising Wedge Breakdown & Retest📌 Overview of the Chart The chart illustrates a classic Rising Wedge pattern that has broken down, signaling a potential bearish continuation. The price action respected technical structures, including support and resistance levels, trendlines, and key psychological zones. The breakdown of the rising wedge led to a sharp decline, followed by a retest of the previous support as resistance, confirming further downside momentum. Traders analyzing this setup can identify clear entry points, stop-loss placements, and target objectives based on price action behavior. 🔹 1️⃣ Understanding the Rising Wedge Pattern A Rising Wedge is a bearish pattern that forms when price moves upward within converging trendlines. It indicates that buying momentum is slowing, and a potential reversal or breakdown is imminent. ✔ Characteristics of the Rising Wedge on This Chart: 📈 Higher Highs and Higher Lows: The price was trending upwards, but the narrowing structure indicated exhaustion. 📊 Decreasing Momentum: Volume likely started declining as the price approached resistance. 📉 Bearish Breakdown: Price broke below the lower trendline, confirming the pattern’s bearish nature. 🔻 What Happened Next? The price dropped sharply after the wedge breakdown. A retest of the broken trendline acted as a confirmation of resistance. The downtrend continued, targeting a lower support level. 🔹 2️⃣ Key Support & Resistance Levels 🔵 Major Resistance – 34.27 USD (All-Time High & Supply Zone) This level served as a strong supply zone, rejecting multiple bullish attempts. Price struggled to break this level, leading to a sell-off. The stop-loss for short trades is placed above this zone to minimize risk. 🟠 Support Level – 32.80 USD (Previous Support Turned Resistance) This was a key support zone before the wedge breakdown. Once broken, price retested this level and faced rejection, confirming a trend shift. ⚫ Trendline Support (Now Broken) The lower support trendline was a crucial guide for bulls. Once price broke below, it signaled strong bearish control. A retest of the trendline was unsuccessful, confirming a bearish continuation. 🟢 Target Zone – 31.93 USD (Projected Breakdown Target) The measured move target of the rising wedge aligns around 31.93 USD. If selling pressure continues, price may reach this level. 🔹 3️⃣ Trading Strategy – Short Setup & Execution This setup provides a high-probability short trade based on the pattern breakdown. 📉 Short (Sell) Entry Criteria: ✅ Entry Zone: After the price broke below the wedge and retested the trendline (~33.80 USD). ✅ Confirmation: Bearish candlestick formations (Doji, Engulfing, or Pin Bars). Increased volume on bearish moves. 🚫 Stop-Loss Placement: 🔹 Above the resistance level (34.27 USD) – If price breaks above this, the setup is invalid. 🔹 Reasoning: Protects against unexpected bullish reversals. 🎯 Take-Profit Target: 🔻 Target Price: 31.93 USD (based on measured move projection). 🔻 Risk-Reward Ratio: At least 2:1 (adjusted based on volatility). 🔹 4️⃣ Market Psychology & Price Action Analysis Understanding trader sentiment is crucial: 📌 Before the Breakdown: Bulls were in control, pushing price higher. However, momentum slowed down, forming the rising wedge. Traders who identified this pattern anticipated a potential trend reversal. 📌 After the Breakdown: Sellers overpowered buyers, causing a rapid break of structure. The price retested the previous support as resistance, confirming further downside. The market sentiment shifted to bearish, aligning with technical confirmations. 🔹 5️⃣ Alternative Scenarios & Risk Factors 🔄 Bullish Reversal (Invalidation of Bearish Bias) 🚨 If price reclaims 34.00-34.27 USD, it invalidates the bearish setup. 📌 A break above this level could trigger a new bullish wave, targeting higher highs. ⚠️ Key Risk Factors: Unexpected macroeconomic events (e.g., Fed policy, inflation data, geopolitical tensions). Strong bullish rejection at lower support zones (~32.00 USD). Volume divergence (if selling volume dries up, bears may lose control). 📢 Conclusion: High-Probability Bearish Trade with Clear Risk Management This rising wedge breakdown provides a strong short setup, with technical confirmations and price structure supporting further downside movement. 📉 Bearish Bias Until 31.93 USD A breakdown retest suggests sellers remain in control. Price is expected to continue lower unless bulls regain 34.00+ levels. 🔍 Key Trading Question: Will Silver (XAG/USD) continue to its measured target of 31.93 USD, or will bulls defend key support and push prices higher? Let’s discuss! 🚀👇
OANDA:XAGUSDShort
by GoldMasterTrades
USOIL and The Elliott Wave Updates. The structure seen is a 5 Wave move and is part of a B(3 Wave structure) of a Flat marked in Black. In this 5 Wave move marked in Red we can see that Wave 2 was a Zigzag, meaning our Wave 4 would be a Flat. Wave 3 hits the 161.8% mark and moves back to form an A of the Flat marked in Green. B must be a 3 Wave move and must move beyond the ending of 3(Red). When this occurs, a Wave C is formed(Green) and hence Wave 4(Red). What is left is a final Wave, a 5, to complete the first impulse of B(Black). Upon completion there must be a corrective structure to separate the impulse that just ended and Wave B's final impulse. Marked in Blue, is Wave A that just ended, a Wave B that we can expect to be against the trend and a final one that will begin soon after. Note, Wave B(Blue) MUST be a 3-Wave move.
TVC:USOILLong
by machariavictor017
XAUUSD – Bullish Breakout from Triangle | 3,090+ in SightGold (XAUUSD) has broken out of a symmetrical triangle consolidation on the 1H chart, signaling bullish continuation. With solid technical structure and momentum building, the path toward 3,093+ remains firmly in play. 📊 Technical Breakdown 1. Symmetrical Triangle Formation Price coiled within a classic symmetrical triangle, forming higher lows and lower highs—typically a continuation pattern in trending markets. A breakout has now occurred to the upside, confirming bullish bias. 2. Breakout Projection The measured move from the triangle projects a 2.62% upside, targeting the 3,093 zone. 3. Clean Market Structure Bullish impulse followed by healthy consolidation reflects market strength. Expectation: Price will print higher highs and higher lows on its way to upper targets. 🎯 Bullish Targets TP1: 3,047.652 TP2: 3,058.038 TP3: 3,093.957 These levels are based on recent structure highs and the measured move from the breakout. 📌 Trade Plan Entry Idea: On triangle breakout retest or momentum continuation above 3,025 Stop Loss: Below triangle support (~3,000) Risk-to-Reward: Favorable on breakout continuation setups 🔎 Confluences ✅ Symmetrical Triangle Breakout ✅ Strong Bullish Trend ✅ Measured Move & Clear Targets ✅ Consistent Market Structure Gold bulls are stepping in with strength. As long as price holds above the breakout zone, expect further upside toward 3,090+. Want a version with SL-to-BE logic or trailing TP adjustments? Just let me know!
OANDA:XAUUSDLong
by ForexOptimizer