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GBPUSD >> Strong Sell Setup as Market Breaks Key SupportHello Traders The GBPUSD market has recently broken a strong support level, as previously predicted in my previous analysis, and has now fallen over 200 pips. This level is now expected to become a resistance zone near the 1.1900 price point. This sets up a perfect sell opportunity for traders. Waiting for a bearish confirmation such as a double top or a bearish engulfing pattern would be ideal before taking a sell entry. Additionally, placing a stop loss above the resistance zone would be wise to protect against any unexpected bullish movements. Don't forget to properly manage your risk and utilize effective risk management techniques. For more trading insights and analysis, be sure to follow and like my page. Leave a comment and share if you found this helpful! Happy trading."
by TheTradersAvenue
12
Get Ready to Sell! Perfect Setup Near Trendline ResistanceAnalysis of #GBPUSD Hello traders, Looking at the GBPUSD chart, we can see that the market is currently approaching the trendline resistance and a previous structure resistance zone. This provides a potential sell entry opportunity. We can wait for the market to confirm the resistance level by forming a reversal pattern or showing bearish momentum before entering a sell trade. Our target could be the recent low or even lower to the next resistance level. Keep an eye on the market and follow me for more trading insights and analysis. Happy trading!
by TheTradersAvenue
6
Buy Opportunity Alert as Price Hits Key Support LevelsAnalysis of #USDCHF Hello traders Looking at the USDCHF chart, we can see that the market is currently at a key trend line support and a previous structure support level. Additionally, there is a major key market level at 0.9300 which could act as a potential bullish target. To trade this setup, we will wait for a bullish confirmation such as a double bottom or a bullish engulfing pattern. Once we have a confirmation, we can look for a buy entry with a stop loss below the trend line support. If the market moves in our favor, we can target the next structure resistance level and potentially the key market level. It's important to always manage our risk and use proper risk management techniques such as setting a favorable risk-reward ratio. Follow me for more trading insights and analysis. Don't forget to like, comment, and share if you found this helpful!
by TheTradersAvenue
13
Gold Price Alert: Sell Setup Detected at Strong Resistance ZoneAttention Gold Traders: Sell Setup Alert!" Looking at the Gold chart, we can see a potential sell setup forming. The market is approaching a previous resistance zone with a strong supply level on the 4-hour timeframe. Additionally, we have the Fibonacci 141 inversion level and the Fibonacci 0.618 level acting as confluence points for a potential reversal. we can look for bearish confirmation at these levels and wait for the market to make a move to enter a sell trade. Keep a close eye on the price action and follow my page for more trading insights and analysis. Don't miss out on potential profits. Remember to always manage your risk and trade with a sound strategy. Happy trading!
OANDA:XAUUSD
by TheTradersAvenue
8
Sell Setup: Previous Resistance + Strong Supply = Perfect Trade!Hello traders, The EURUSD chart shows a clear sell setup as it approaches a previous resistance zone. Additionally, on the 4-hour timeframe, we can see a strong supply level which adds more confluence to the sell setup. To trade this setup, we will wait for a bearish confirmation such as a double top or a bearish engulfing pattern. Once we have a confirmation, we can look for a sell entry with a stop loss above the resistance zone. Remember to always manage your risk and use proper risk management techniques. Follow me for more trading insights and analysis. Like, comment, and share if you found this helpful! thank you all
by TheTradersAvenue
14
AUD/USD : Simple bearish setup with good R/RHi everyone! The setup on $AUDUSD is very simple and clear and the chart speaks for itself. Technically, the pair could develop a harmonic structure with first target around 0.6670, but the most interesting thing is that this setup has a very good R/R (>1:3) Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
Short
by TheAnonymousBanker
13
EURJPY Sell Setup with High ConfidenceGreetings traders, Today, I want to share with you a potential sell setup on EURJPY. The pair is currently trading near a strong daily resistance level, which is also a previous supply zone. Moreover, we have identified a bearish harmonic AB=CD pattern on the chart, which adds more confluence to the sell setup. To trade this setup, we will wait for a bearish confirmation such as a bearish engulfing pattern or a double top formation on the lower time frame. Once we have a confirmation, we can look for a sell entry with a stop loss above the resistance level. Our profit targets will be set at the previous structure support and beyond. As traders, it is crucial to always manage our risk and use proper risk management techniques. Remember to never risk more than you can afford to lose. If you found this analysis helpful, please consider following me for more trading insights and analysis. I would also appreciate it if you could like and comment on this post to let me know your thoughts and feedback. Thank you for your attention and happy trading!
by TheTradersAvenue
19
Sell Setup: Daily Resistance, Supply Zone, and Bearish Harmonic Hello traders The EURAUD has been trading near a strong daily resistance level, which has been previously respected as a supply zone. Additionally, we can see a bearish harmonic Bat pattern forming on the chart, adding further confluence to the sell setup. To trade this setup, we will wait for a bearish confirmation such as a bearish engulfing pattern or a double top on the lower time frame. Once we have a confirmation, we can look for a sell entry with a stop loss above the daily resistance level. It's essential to practice proper risk management techniques and avoid overleveraging when trading. Follow me for more trading insights and analysis. Like, comment, and share if you found this helpful!
by TheTradersAvenue
14
Crypto Industry in Shock: Bitcoin Warns of Further DropAnalysis of #Bitcoin Hello traders Bitcoin is currently facing bearish pressure as it approaches a major key market level near 22000 and hovers at trend line support. The recent lack of interest from buyers is concerning, and BTC has been trading in a narrow range. Additionally, the warning that sent shockwaves through the crypto industry has added to the uncertainty. Despite this, Bitcoin has been in a rising trend channel in the medium to long term. However, if BTC breaks below the trend line support and recent low, it could potentially test the 18000 level. Traders should closely monitor the price action and look for sell opportunities if BTC fails to bounce back from current support levels. Stay ahead of the game and don't miss out on potential profits. Follow me for more trading insights and analysis. Like, comment, and share if you found this helpful!
BITSTAMP:BTCUSD
by TheTradersAvenue
8
Harmonic Bat Pattern for traders can apply on any time frameThe Bat is defined by the .886 retracement of move XA as Potential Reversal Zone. The Bat pattern has the following qualities: Move AB should be the .382 or .500 retracement of move XA. Move BC can be either .382 or .886 retracement of move AB. If the retracement of move BC is .382 of move AB, then CD should be 1.618 extension of move BC. Consequently, if move BC is .886 of move AB, then CD should be 2.618 extension of move BC. CD should be .886 retracement of move XA.
Education
by BasharatAliMaher
4
USDJPY > What to Expect Next, and Major Levels!!Analysis of #USDJPY Hi traders, today we will have a look at #USDJPY this idea is a request from one of our dearest follower as you can see, the market broke its trendline resistance with strong Momentum after the NFP news last Friday. right now the market might come back to test the structure support and the previous trendline resistance which now becomes a trendline support before deciding what it will do next. it's still early but as you can see we have higher lows and maybe the trend might be shifting to the upside in the near term, for me at the moment the market rallied almost from 128.00 to 132.00 that is 400 pips what I can do is wait for the market to come and retest the structure support level and maybe look at the lowest time frame for a reversal pattern with confirmation to enter a buy entry with an excellent reward to risk targeting the next level of support I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
23