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Pivot Points

Bearish Wedge Breakdown: Key Levels to Watch!OANDA:XAUUSD After analyzing the 1-hour chart, we identified an Ascending Broadening Wedge, signaling a bearish continuation. In our previous analysis, we forecasted a drop to 2656, but the price fell just short, reaching 2658. This time, we anticipate a break below 2656. If the price breaks this level, our next target will be 2578. Disclaimer: This content is for educational purposes only and not financial advice. Trading carries risks; trade only with capital you can afford to lose. Past performance does not guarantee future results. Note for Traders: Success requires strict risk management. Limit risk per trade, use stop-losses, and stay disciplined for consistent growth. Happy Trading
OANDA:XAUUSDShort
by SpicyPips
3
GBP/USD: Bullish Bias and Strategic PositioningToday, I’m excited to share my analysis on the GBPUSD currency pair, which is currently showing a strong bullish bias. As we navigate through the market, I will be utilizing probabilities to strategically position myself for long trades. Current Market Dynamics The GBP/USD pair has recently shown resilience, bouncing off critical support levels around 1.2670. This rebound suggests a potential bullish reversal, driven by positive sentiment surrounding the UK economy. Key fundamentals such as the Bank of England's recent decisions to maintain interest rates amidst inflationary pressures signal confidence in economic stability, which supports our bullish outlook. Global Influences On the global stage, factors such as a weakening U.S. dollar and improving economic indicators from the UK create a favorable environment for the British Pound. Additionally, geopolitical developments are leaning towards stability, which typically boosts investor confidence in GBP. Trading Strategy In this context, I plan to leverage statistical probabilities to identify optimal entry points for long positions. By focusing on key technical indicators, I aim to maximize potential gains while effectively managing risk. Join me as we explore this exciting opportunity in GBP/USD! Let’s make informed trading decisions together and capitalize on this bullish momentum. Happy trading! 2W: 3H: P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
Long
by Jasminex1x2
XRPUSD: Watch for Upside Above 2.003, But Downside Risk RemainsHello, BITSTAMP:XRPUSD has been extremely volatile, with returns skyrocketing. Our patience since the 0.5000 downside level has really paid off. Be sure to trail your trade, as there’s potential for downside movement, possibly revisiting the 1-year pivot point. However, if the price manages to break and hold above 2.003, we could see further upside potential! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
BITSTAMP:XRPUSD
by TradeWithTheTrend3344
DASHUSD: Potential for 1Y High, Stay CautiousHello, COINBASE:DASHUSD has been performing well, and the patience is paying off with the recent upward movement! There’s potential for the 1-year high to be tested at 45.95000. However, caution is advised—use automated trailing stops to secure profits. While more upside is likely, it remains uncertain, especially depending on how the price behaves around the previous highs. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
COINBASE:DASHUSD
by TradeWithTheTrend3344
BCH/USD Eyes 6-Month High Amid Seller PressureHello, COINBASE:BCHUSD recently reached a new 6-month high at 536.10. The price is likely to revisit this level, and if it breaks and sustains above it, we could see a test of the 1-year high at 718.45. However, caution is advised as sellers are currently exerting significant pressure, and the price may turn bearish soon, depending on its reaction around the 6-month high. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
COINBASE:BCHUSD
by TradeWithTheTrend3344
ETH/USD Nears Key Resistance LevelsHello, BITSTAMP:ETHUSD recently reached a high of 3689.05 and is approaching key resistance levels, including the 6-month high at 3885.90 and the 1-year high at 4094.00. While short-term fluctuations are anticipated, the long-term outlook remains strongly bullish. However, caution is warranted, as a downside correction is likely to follow after these resistance levels are tested. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
BITSTAMP:ETHUSD
by TradeWithTheTrend3344
BTC/USD: 100k in Sight, But Caution AdvisedHello, BITSTAMP:BTCUSD has a strong chance of reaching 100k, but it's essential to remain cautious. The 1W Pivot Point has held as support, and a previously strong 1D resistance level has also flipped to support. However, don’t focus too heavily on the 100k mark, as it could lead to missed opportunities for potential profits along the way. Sellers are currently quite active, which calls for caution. At some point, a significant downside move is likely, potentially testing the 1M Pivot Point and possibly even the 1Y Pivot Point in the future. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
BITSTAMP:BTCUSD
by TradeWithTheTrend3344
356% ADA Profit🚀 ADA/USDT Price Analysis The Cardano (ADA) chart shows strong bullish momentum, with prices climbing steadily. Here's a breakdown of key levels: 🔼 Resistance Zones to Watch: $2.00 🛑: First major resistance. Breaking this could signal a rally. $2.4758 🛑: A critical level for medium-term targets. $3.1050 🛑: Long-term price target if the bullish trend holds. 🔽 Support Zones for Buying: $0.7490 ✅: A solid support zone where buyers previously stepped in. $0.6800 ✅: Highlighted as the "Best Zone for Buy Again" – ideal for re-entry during corrections. 📈 Upside Potential: If the bullish trend continues, ADA has a 356% growth potential, aiming for $2.4159 and beyond! 💡 Takeaway: The current trend favors bulls, but a pullback to support zones could provide better entry opportunities. Keep an eye on trading volumes and breakout confirmations at resistance levels!
Long
by ahmadarz
EUR/JPY Eyes Key Lows Amid 1Y Pivot RetestHello, FX:EURJPY pair recently faced rejection at the 160 level, as highlighted in the previous analysis. The price is now heading toward testing key lows from the past 3 months, 6 months, and 1 year, situated at 155.146, 154.405, and 153.146, respectively. It appears increasingly likely that the 1-year pivot point (PP) will be retested. Key support levels to monitor are 158.286 and 157.616. If these supports fail to hold, the pair may experience further downside momentum. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
Does $Now have further upside, or is it nearing a potential top?To project targets, I am using the following methods: Cup and Handle Pattern If we consider the price range of $709.02 - $338.24 as forming a cup and handle pattern, the price movement represents approximately a 52% increase. Projecting this on the upside sets a target of around $1078.79, which was achieved last week. A weekly close above $1122.44 will signal a potential next target at $1316.16, derived from the 2.61% Fibonacci extension applied to the range of $709.02 - $338.24. Fibonacci Extensions Using Fibonacci extensions on the same price range, the 2.61% target aligns with $1316.16 as the next significant resistance level. Key Levels: Support: The uptrend remains intact as long as $906 holds. Downside Risk: If $906 is breached, the next downside target is $709.02.
NYSE:NOW
by truthseeker6
MOH long term potentialMOH has corrected nicely after a huge run. This is a stock that a few legendary investors have added as of late. If you expect medicare/medicade expenses to increase by 7% on average, and more people to sign up over time, this stock will hugely benefit. I note a basing at the most recent fib level. The weekly stochastic is resetting and the BBWP is indifferent. I expect a retest of 370$ rather quickly. This stock will also perform well if we get recession fears or other macro negative news.
NYSE:MOHLong
by Apollo_21mil