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EUR/USD Bearish Setup Short Opportunity at Key Resistance ZoneThis chart suggests a potential short setup for EUR/USD The price has been in a downward trend, making lower highs and lower lows. The current price action indicates a potential retracement towards the marked resistance zone near 1.02820 - 1.03117, which aligns with a possible supply zone. This zone could act as a strong resistance due to previous selling pressure. The price is likely to reject this resistance and resume the downward movement, following the overall bearish trend. A breakdown from the resistance zone could lead to a short opportunity targeting 1.01764 as the first support level. If bearish momentum continues, the price might further decline toward lower levels. Key levels to watch Resistance: 1.02820 - 1.03117 (entry zone for shorts if rejection occurs) First Target: 1.01764 (potential take-profit level) Stop Loss: Above 1.03117 (to protect against a breakout) Confirmation of rejection through candlestick patterns or bearish momentum near the resistance zone is crucial before entering the trade.
Short
by wolfchemist
2
NZD/JPY (Trade Recap) EUR/USD Long, GBP/AUD Long & USD/CAD ShortEUR/USD Long Minimum entry requirements: • Break below area of value. • 1H impulse up above area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/AUD Long Minimum entry requirements: • 1H impulse up above area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
2
Market Volatility: The Trade That Taught Me PatienceEarly on, I thought I could outsmart market volatility. I’d jump into trades during big moves, hoping to catch the wave. But one day, it caught me instead. The Day Volatility Got Me I remember trading during a news event. The market spiked in my direction, and I got excited. I moved my stop-loss higher to give the trade “room to run.” Then, out of nowhere, the market reversed. My gains disappeared, and I ended up with a bigger loss than I could afford. That trade taught me that volatility is unpredictable—and dangerous if you’re not prepared. What Volatility Did to Me -Tempted me to chase moves: I couldn’t resist jumping in, even when it wasn’t smart. -Shook my confidence: The wild swings made me doubt my plan. -Made me emotional: I panicked when things didn’t go as expected. How I Fixed It I stopped trading during news events unless it fit my strategy. I started using stop-losses and stuck to them, no matter what. And I reminded myself that no single trade is worth blowing my account. What I Learned -Volatility is part of trading—embrace it, but don’t let it control you. -A solid strategy and risk management are your best defenses. -Patience pays off when the market gets wild. Struggling with market volatility? DM me—I’ve been there and can help. I also have a webinar this Sunday to help you tackle this challenge and stay grounded. Kris/Mindbloome Exchange Trade What You See
KRAKEN:GALAUSDEducation
by Mindbloome-Trading
5
Friday "NFP" Sell Signal Alert!The market has been following the trendline for the past 2-3 days. A daily price close with a Doji candle suggests indecision, while our daily bias remains bullish. However, today is Friday, and we have the NFP news event. We anticipate the market to move up by 120-130 pips, following the trendline, toward my identified resistance zone. Wait for gold to reach this resistance area before taking any action. For a bearish scenario, the target range is around 310+ pips. The market may first create a large wick during the news event before experiencing a significant drop. i'll keep this idea updated.
OANDA:XAUUSDShort
by Profit-Scalper
16
Case Study of XAUUSD : Symmetrical Triangle BreakoutsXAUUSD, representing gold against the US dollar, is currently trading at 2680 and is expected to rise to a target price of 2800. The pair is breaking out of a main symmetrical triangle pattern, a technical indicator signaling a potential continuation of the bullish trend. This pattern forms during a consolidation phase, where price action narrows before a decisive breakout. Following the breakout, it is anticipated that the price will retest the breakout level to confirm its strength and establish a new support zone. Retesting is a common occurrence in technical analysis, reinforcing the breakout's validity and providing traders with confidence in the upward momentum. Once the retest is complete, the price is expected to resume its ascent toward the target. This scenario reflects a strong technical setup, attracting both short-term and long-term traders seeking to capitalize on the projected move. The symmetrical triangle breakout and subsequent retest indicate a well-structured path toward achieving the 2800 target.
OANDA:XAUUSDLong
by AndrewsMarket-Mastery
EURUSD: Channel Down showing no signs of reversal yet.EURUSD is on a strong bearish 1D technical outlook (RSI = 37.852, MACD = -0.006, ADX = 18.889) as it is trading inside a Channel Down since September 30th 2024. As long as the 1D MA50 is unbroken, the bearish trend will continue to prevail. Right now the trend has slowed down, but the 1D RSI Rectangle clearly shows that a local top (LH) is in. We will remain bearish, aiming for the Channel'd middle (TP = 1.01700). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
GBPJPY Sell/Short SignalWhat I have been marking up for GBPJPY it appears to have pumped a few pips prior to stopping at its main shoulder of resistance. I have been watching key levels for take profits potential here of the levels 192.020, 188.006, and 183.762 for day trades and swing trades. Rejection levels of 199.853 and 198.881 has proven that we are facing a lower high trend rejection for a continuous downtrend for the next few months it potentially has here. I suggest to use proper risk management when entering the trade and to have your stop losses set at 30-50 pips depending where you entered in. You may close when you feel is best to do so on your own. Please message me if you have any questions about this trade! Thanks!
Short
by KingTraderFX
1
NZD/USD Poised for a Breakout ?The NZD/USD pair shows signs of potential bullish momentum following a bounce from a key support level near 0.55900. Price is currently challenging the 0.56028 resistance, with further upside likely if this level is broken and sustained. The downward sloping moving average indicates a prevailing bearish trend, so this move could be a short-term retracement or a possible trend reversal depending on market strength. Key Insights Entry Area: Around 0.55940 – 0.56028 Stop-Loss: 0.55103 to manage downside risk First Target: 0.56156 Second Target: 0.56370 Final Target: 0.56781 Watch for a confirmed breakout above 0.56028 for a continuation toward higher levels. A failure to hold above 0.55900 could trigger further downside movement. Market volatility and U.S. dollar news should be closely monitored for momentum shifts. This setup offers a solid risk-to-reward ratio, balancing caution and opportunity in the current market structure.
Long
by wolfchemist