Double Top or Bottom
[Swing Trade] AJANTPHARM breakout above 3,115 is expected.AJANTPHARM
Analysis
A triple bottom pattern is clearly visible here.. with the price bouncing off the 2,800 thrice,I think 2800 is acting as strong support.. from my view, it is signalling a reversal in a downtrend, may be bullish trend potentially
If I happen to enter, I may wait for a breakout above 3,115 with price above all the MAs and also I will wait for strong volume around this price.
On 13th jan price has taken support on 200dma. It is also confirming the reversal.
DYOR before you invest. This is purely for education purpose.
Critical Moment for TIAUSDT: Bullish Reversal or Breakdown?Yello, Paradisers! Are you watching TIAUSDT closely? It’s at a critical juncture, and what happens next could shape the next major move. Let’s break it down!
💎Currently, TIAUSDT is holding its bullish market structure on the higher timeframes, which is an encouraging sign for the bulls. After taking inducement, the pair has also formed a classic "W" pattern, accompanied by a bullish divergence—a combination that significantly boosts the probability of a bullish reversal from these levels.
💎However, caution is always key. If the price retraces further or we see panic selling, we might still find a bounce from the support zone. For this scenario to play out, we’ll need to wait for a bullish I-CHoCH (Internal Change of Character) to confirm the reversal on lower timeframes. Without this confirmation, entering prematurely could expose us to unnecessary risk.
💎On the flip side, if the price breaks down and closes a candle below the support zone, this would invalidate the current bullish idea. In that case, it would be prudent to wait for new, stronger price action to develop before considering re-entry.
🎖This is why patience and discipline are your best allies in trading, Paradisers. Emotional decisions or rushing into trades without confirmations can lead to costly mistakes. Stick to robust strategies and always wait for high-probability setups to unfold. Remember, long-term consistency is what separates the winners from the herd.
MyCryptoParadise
iFeel the success🌴
EGLDUSDT: A Bullish Breakout or a Trap?Yello, Paradisers! Are we standing at the start of a major bullish run for EGLDUSDT, or is this just a fakeout waiting to catch over-enthusiastic traders off guard? Let’s dive in!
💎EGLDUSDT is showing signs of a potential bullish reversal after a recent retracement, and the double bottom structure combined with bullish divergence is giving us some strong clues. So far, price action is leaning bullish, but let’s not get ahead of ourselves — key confirmation levels still need to hold!
💎EGLDUSDT has successfully broken through a key resistance trendline, which was previously capping upward moves. This breakout is a positive sign for bulls.
💎We’ve spotted a bullish I-CHoCH on the chart — this is a solid early indicator that momentum may be shifting to the upside. The move came after an inducement, which swept weak hands before bouncing from a support zone. This adds credibility to the breakout, increasing the odds that EGLDUSDT could push higher from here.
💎In case of another retracement or panic selling, we’ll be looking for EGLDUSDT to bounce from strong support zone. But here’s the critical part — we need to see another bullish I-CHoCH at this level to reinforce the bullish narrative. Without it, this whole setup could crumble.
💎If EGLDUSDT fails to hold that strong support zone and closes a candle below it, that’s our warning sign to step aside. At that point, it’s better to wait for a fresh bullish structure to form rather than trying to catch a falling knife.
💎Right now, EGLDUSDT is giving us some good signals for a bullish move, but don’t rush in blindly. We need to see follow-through at key levels to confirm this breakout. If the market pulls back further, patience will be essential.
🎖 Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
XDC breaking up from 3 different bull patterns at the same timeI had to use the weekly time frame instead of the daily to fit all 3 patterns in the frame here. As you can see we have a double bottom(green neckline), an inverse head and shoulders (tan neckline), and a pink bullflag that price action is currently breaking above each of. Their full measured move targets are all relatively close to eachother too which creates some bullish confluence. *not financial advice*
GOLD (XAUUSD): Intraday Bullish Confirmation?! I am impressed with the way Gold responded to the marked daily/intraday horizontal support following a slight decrease.
Initially, there was a double bottom formation, followed by a breakout above its neckline.
I believe that the market has the potential to keep increasing.
The next obstacle to overcome is the intraday resistance at 2695.
Local GOLD long from an action line on 15m chartPrice has broken kill-zone that consists of triple top and double top. So I expect stepping up swing movement on 15m chart. This is a good time to draw action-reaction set. It captures previous price movements wonderfully.
And we have nice risk/reward entry if we place our stop behind this kill-zone
GBPJPY: Early Morning Day Trade 🇬🇧🇯🇵
GBPJPY looks bearish after a test of a key daily horizontal resistance.
The price formed a tiny double top pattern on that on an hourly,
giving us a strong intraday selling signal.
We can anticipate a bearish continuation at least to 192.076 now.
❤️Please, support my work with like, thank you!❤️
GBPJPY: The Big Drop No One ExpectsWhat’s up, traders! Back with another GBPJPY breakdown and update. If you’ve been following my previous videos, you know we’ve been tracking a massive opportunity for a potential drop. This week, the market is playing right into our analysis.
🚀 Quick Highlights:
• We caught 90+ pips on a clean long setup after breaking above 191.46, targeting liquidity zones at 192.70 and 192.90.
• Now, we’re flipping short after spotting key rejection areas and volume shifts.
• We’re targeting major levels at 190.00 and possibly beyond as we wait for the market to show its hand.
This setup shows why patience and precision are everything in trading. Watch how I break it down from higher time frames to entry zones, with stops and targets mapped out for both early entries and confirmation re-entries.
📉 The big question: Will GBPJPY break the neckline at 190.00 for a massive sell-off, or will buyers step in? Watch to find out how I’m playing this!
Comment below if you want more pair breakdowns or have specific setups you’d like me to analyze. Let’s crush the markets together! 💹
GBP/CAD: Pullback Opportunity From Key LevelA potential buying opportunity is forming on the GBP/CAD pair.
After testing a significant daily support level, the price has formed a double bottom pattern on the hourly timeframe.
A bullish breakout above the pattern's neckline provides a strong confirmation of a bullish reversal.
The pair is likely to continue rising, targeting the 1.7583 level.
GBPCAD: Pullback Trade From Key Level Another good trade to consider buying from a key support is 📈GBPCAD pair.
After testing a major daily structure, the price formed a double bottom pattern on hourly time frame.
The bullish breakout above the neckline of this pattern is a strong confirmation signal of a bullish reversal.
It is likely that the pair will continue to rise and reach the 1.7583 level soon.
Is FET About to Bounce or Break Down Completely?Yello, Paradisers! FETUSDT is at a make-or-break point right now. The recent retracement looks healthy, and the pair has taken out liquidity (inducement) from weaker hands. But can it hold this support zone and bounce?
💎If we start seeing bullish signs such as a bullish I-CHoCH (internal change of character) or reversal patterns like a W pattern or an inverse head and shoulders on the lower timeframes, the probability of a bullish move significantly increases.
💎However, be prepared for more retracement or panic selling. If that happens, the next strong support zone could trigger a bounce, but again—we need to see bullish confirmations on lower timeframes to consider entering long positions.
💎If the price breaks below the key support zone and closes candles underneath it, the entire bullish idea will be invalidated. In that case, it’s best to stay patient and wait for better price action to form before making any moves.
🎖Patience and discipline are the keys here, Paradisers. Always wait for the highest probability setups to reduce risk and increase your edge. Remember, it’s not about predicting the market—it’s about reacting to what the market gives you.
MyCryptoParadise
iFeel the success🌴
XAUUSD Gold Breakdown: Massive Opportunity Unfolded!In this video, we revisit gold and analyze its recent reversal after a massive push to the 2790 area. Within our group, we capitalized on these key moves, including the break of structure at 2646 and the setup for shorts. I break it down step-by-step, from higher timeframes to the M30, highlighting how liquidity levels, volume, and resistance played a pivotal role in our entries.
If you’re tired of missing out on trades like this, pay attention—these insights could be the key to improving your strategy. Stop letting the markets control you. Start mastering them.
Most traders fail because they don’t recognize the signs early enough. This isn’t just another trade; it’s a blueprint for identifying high-probability setups.
Are you still waiting on the sidelines while others are profiting? Watch this and decide—are you ready to finally take control of your trading journey?
Stay tuned for updates on USDCHF, GBPJPY, and AUDNZD in the next videos. Don’t miss out.
Watch now and transform the way you approach the market!
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Usdcad bearish entry level🌟 USDCAD Analysis 🌟
I shared this last before it got to the entry.
We've seen a strong uptrend in #usdcad for a while now, but what's next? 📈
✔️ Double high formation
✔️ A nice bearish engulfing pattern breaking out of the trend
Now there is a retest on the trendline, and then it's time to buckle up for a bearish loooong ride! 🔥
Let's see how it plays out and if the bears can take control! 🐻
Note: This base on technical factors
Two very high impact news this week, PPI and CPI
Nifty is close to Bottom!!!In my view Nifty is close to Bottom around 23K or we are headed for a structural bear market with targets of 18K or so.....and I don't believe the second is possible given that we are in good shape as an economy.
My hypothesis - dooms day isn't around:
- at around 23200 there is a double bottom pattern and markets could rebound from here
- In my view there is a head shoulder pattern visible on Nifty and the neck line is around 23K and if this is broken then the downside is all the way down to sub 20K - which is a doom's day scenario and that won't happen
- Like I mentioned before very bullish on RIL and IT sector to ensure we don't go into dooms day!!
Fingers crossed and I think its time to start deploying if you are in cash!!
BTC/USD Analysis: Stuck in a Wedge, Limited Movement ExpectedBitcoin is currently trading within a wedge pattern, struggling to make significant moves either higher or lower. While a small push up is possible, it's unlikely the wedge will break this week. A support level break is not off the table, but the market's direction remains uncertain. Monitoring the price action throughout the week will be key.