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POTENTIAL SHORT TREND Looking at the daily we are generally in a bullish trend but with a coming pullback due to break of structure created from the head and shoulders pattern created, before further upward direction. 4H broke fib overbought trend line with potential pullback. Hourly is within discount zone with a likely potential to break out below discount (63019). Price will likely break out below 63019 and retest area for bearish momentum and fill the inefficiency down to 62549
Short
by NnadozFX
3
GBPJPY am currently monitoring GBPJPY, as I believe the pair is poised for a bullish trend reversal. After observing recent price action, it seems that GBPJPY has reached a critical support level at 191.300, which has historically acted as a significant zone for potential price bounces. Given the strong market dynamics, I expect that this level will hold, setting the stage for a possible upward reversal. Looking ahead, my target for this potential bullish move is around the 194.700 level. This price target aligns with key resistance zones and recent market structure, suggesting that if the bullish reversal materializes, GBPJPY could make its way towards this area. Key factors I’m considering for this outlook include: Support at 191.300: This level has provided a solid base for the pair, and any break above this zone could signal further strength. Bullish Momentum: Indicators are beginning to show signs of upward momentum, which aligns with my expectation of a trend reversal. Market Sentiment: I’m closely watching overall market sentiment, especially as it pertains to GBP and JPY fundamentals, which could play a role in fueling the upside potential. I will be watching for confirmation of the reversal in price action, and I’ll look for higher highs and higher lows as the trend shifts. If the price begins to break key resistance points along the way, this will further validate the upward move toward 194.700. As always, risk management is key, and I will be watching for any signs of invalidation below 191.300, which could suggest a reassessment of the trade. Stay tuned for updates, and good luck to all traders!
Long
by The_fx_GreyTrader
BTCUSDT.4HAs we examine the 4-hour BTC/USDT chart, several critical elements come into play that shape our immediate and medium-term outlook. Price Action and Key Levels: The price is trading within a defined channel, constrained by an ascending support line (S1) and a strong resistance zone (R1). The primary resistance (R1) is located at $110,392.21, a level tested multiple times but has yet to break convincingly. On the downside, the nearest significant support level (S2) is seen at $88,452.27, coinciding with the green ascending trendline, which has provided a reliable base during recent corrections. Chart Patterns and Scenarios: A potential double-top formation is evident near R2, indicating a possible bearish reversal if buyers fail to regain momentum above R1. On the bullish side, a breakout above R1 and a sustained close above $110,392.21 would likely target the next resistance zones around $115,000–$120,000. Conversely, should the price fail to sustain its position above the green trendline (S1), we could see a deeper pullback toward S2, potentially extending into the $85,000–$90,000 range. Indicators: MACD (12, 26, close): The MACD histogram shows weakening bullish momentum as it approaches the zero line, hinting at potential bearish divergence. RSI (14): RSI is hovering around the neutral zone at 53.20, indicating indecision. A drop below 50 would confirm bearish dominance, whereas a move above 60 could signal renewed buying pressure. Trendlines and Volume: The upward green trendline (S1) remains critical to the broader bullish narrative. As long as the price respects this line, the uptrend remains intact. Volume has shown a declining pattern in recent sessions, which raises concerns about the sustainability of the current range-bound behavior. Conclusion: The market is at a crossroads, with a clear bias yet to be established. For a bullish continuation, BTC needs to decisively break above R1 with increased volume and a daily close above $110,392.21. In contrast, a break below the ascending support (S1) would likely result in a retest of S2 around $88,452.27, potentially marking a deeper correction phase. For traders, this presents two strategies: Aggressive buyers could consider entries near S1 with tight stops below the trendline, targeting R1 and beyond. Conservative traders might wait for either a confirmed breakout above R1 or a breakdown below S2 before positioning. Given the technical setup, I am cautiously optimistic but remain vigilant for a potential bearish divergence. Risk management remains paramount as we navigate this pivotal phase.
Short
by MarsSignals
Gold can rise a little and then drop to support levelHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price made an upward impulse from the support line of the triangle and rose to the resistance line, breaking the support level, which coincided with the buyer zone. Then Gold turned around and made a correction movement to the support level, where it some time traded and then rebounded up from the support line of the triangle. Price rose to the current support level, thereby exiting from the triangle, and then started to decline inside the wedge. Gold fell to the support line, which is located in the buyer zone, and then started to grow. In a short time, the price broke the 2615 level, after which made a correction to the support line and then continued to move up. Later, Gold rose to the resistance line of the wedge and broke it, thereby exiting from the wedge pattern and then in a short time rose to the current support level. Soon, the price broke this level and continued to move up next. So, I think that Gold will make a small move up and then drop to the support level. That's why I set my TP at 2725 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
10
NRLA "double bottom buy stop" strategy is a trading approach based on technical analysis. It involves identifying a specific chart pattern known as a "double bottom," which consists of two consecutive troughs at approximately the same price level separated by a peak. The strategy entails placing a buy stop order above the peak that separates the two bottoms. This order is triggered if the price surpasses that level, indicating a potential bullish reversal. Traders often use additional tools and indicators to confirm the pattern and manage risk effectively.
PSX:NRLLong
by B9A-88652-NisarAhmad
ETH/USDT | 1W🩸 CRYPTOCAP:ETH ⁀➷ #Ethereum. Macro chart Another 💯 Intermediate Target - $4 050 🚩 Macro Target 1 - $6 400 🚩 Macro Target 2 - $9 010 🚩 Macro Target 3 - $12 050 - Not financial advice, trade with caution. #Crypto #Ethereum #ETH #Investment #L1 ✅ Stay updated on market news and developments that may influence the price of Ethereum. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
Long
by Nyskohuz
2
Trump Coin, liquidity at $31 will push price to <$24Please note that this TA is NOT politically biased. I am simply creating the TA because this crypto coin has been largely talked about. My technical analysis is never with the mindset of a political belief for or against anything. It is simply price action doing the talking. I've based this TA on quarterly theory lows/highs being the actual low/high candidates that make the actual lows/highs that price tests. On bearish legs like we are in right now with Trump Coin, we are looking to the left hand side before the high to see liquidity low levels of interest. In this case, the first liquidity low that subsequently failed was at $34. We see that price was manipulated lower, but it failed to remain the low, so there was not enough buying to start a reversal. We were looking at the quarterly high at $51.51 to be taken out after liquidity from $34 was tested, for a reversal to happen. In this case, that quarterly high at $51.51 that made the manipulation was never tested, so price has pushed below the manipulation low for additional liquidity. Whenever price goes below the manipulation low, it will retrace to either the high timeframe bearish OB... OR (like in our case) create sell side liquidity before reaching the OB, which will be manipulated, in order to reach the next target of $24 (where the whole thing will cycle through again). -Manipulate the quarterly highs/lows. -Test for reversal or continuation. -Price reaches OB, or price creates liquidity on the way to the OB which is then manipulated and creates the reversal or continuation. Let's look at the zoomed in portion to show where the liquidity has been built: The relatively equal highs created is the liquidity that needs to be manipulated by the market makers in order to push the price down. This is where a lot of stops will naturally be, once the high is broken, it will facilitate market makers to sell into the sell stops located above the high.
Short
by Zulu_Kilo