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Strong Sell Setup with Bearish Cypher Pattern and Key LevelHello Traders check the analysis for GBPAUD the GBPAUD is presenting a possible sell opportunity as we are currently observing a beautiful bearish Cypher pattern near the strong key market level of 1.8300. Additionally, we are at a strong supply zone where the market previously dropped 1000 points, indicating that this area may serve as a strong resistance to the price. However, due to the potential for high risk, it is recommended to wait for a retest and confirmation before entering into a trade. This will provide a good sell setup with a favorable reward-to-risk ratio. To summarize, the GBPAUD presents a potential sell opportunity due to the bearish Cypher pattern and strong supply zone. A cautious approach is advised, with a focus on waiting for confirmation to enter the trade with a favorable risk-to-reward ratio.
by TheTradersAvenue
9
BTC/USDTRectangle Pattern Up Trend The price is constrained by support and resistance levels in the Rectangle pattern. This means observing the pattern on a chart, and traders need to look for a price between the two horizontal lines. The Rectangle marks several highs and lows. These highs and lows indicate a period of consolidation. Also, there is indecision in the market where buyers and sellers are competing with one another. To identify the pattern, traders need to navigate it on either an uptrend or a downtrend. The price would then form several peaks and troughs. Finally, the breakout candle would confirm the direction of the trend.
Long
by majidalisabir
USDCAD > Strong Structure Support for A Buy.Analysis on #USDCAD The market is inside a support zone \ demand zone right now which previously showed a strong buying desire Plan: >> If the market provided me a bullish confirmation on the 1-hour time frame I will then look to get in a buy entry with a good risk to read ratio >> If the market fails to provide me a confirmation for entry and continued down and closes below 1.2600 then this idea is not valid anymore ________________________________________ Dear Traders, the best " T h a n k Y o u " will be your likes and comments! Thanks for your continued support! ________________________________________ Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
by TheTradersAvenue
3