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Bullish on Monthly TF but..Bullish on Monthly TF. No Bearish Divergence on Monthly Tf. But 40 - 40.20 is a Very Strong Resistance that needs to Cross & Sustain with Good Volumes to reach 45 - 46 & then 50+ We should not ignore that it has taken Support from a Very Important Fib level around 32.40 Monthly Closing above 33.60 would be a Very Healthy sign. So any dip towards 36.50 - 37.50 & then 34.50 - 35.50 can be a Buying Opportunity. However, it should not break 31.80 otherwise we may witness further Selling Pressure towards 28.50 - 28.70
PSX:PRL
by House-of-Technicals
BTC/USDT Bearish Setup – Sell Limit & Target ZonesMarket Overview: Bitcoin (BTC/USDT) is currently trading within a well-defined descending channel after an extended bullish rally. The price action shows signs of a lower high formation, indicating a possible continuation of the downtrend. This setup aligns with a sell limit strategy, anticipating a rejection from a key resistance level before a potential decline toward lower support areas. Technical Breakdown: 📉 Descending Channel Formation: BTC has been trading in a downward-sloping parallel channel, with multiple touches on both the upper and lower boundaries. The price is currently attempting to retest the upper trendline of the channel, which could act as strong resistance. 💰 Sell Limit Placement at Resistance ($88,907): The chart highlights a key resistance level at $88,907, which aligns with: The upper boundary of the descending channel. A previous supply zone, where sellers were active. A potential area of rejection, leading to further downside. 📌 Fair Value Gap (FVG) & Handle Trendline: The D1 Fair Value Gap (FVG), marked on the chart, suggests an imbalance in price that may get filled before any reversal. Additionally, BTC is hovering around the upper trendline of the handle formation, making this a crucial confluence zone for decision-making. 📊 Bearish Target Levels: Primary downside target: $74,431 – A strong historical support and previous reaction zone. Secondary target: $73,829 – This level coincides with the mid-level of the fair value gap. Final bearish target: $68,972 – The lowest target inside the demand zone, potentially acting as a key reversal point. 🚨 Bearish Confirmation: If BTC gets rejected from the sell limit zone ($88,907) and breaks below support structures, it could trigger a further decline. Break of trendline support + volume confirmation will strengthen the bearish bias. Trading Plan: ✅ Sell Limit Entry: $88,907 🎯 Target 1: $74,431 🎯 Target 2: $73,829 🎯 Target 3: $68,972 ❌ Invalidation: A strong breakout above $88,907 with volume could invalidate this setup.
Short
by PIPsOptimizer
EURUSD – Rising Wedge Breakdown | FVG in PlayEURUSD has broken down from a Rising Wedge pattern on the 1H timeframe, suggesting a bearish momentum shift after a strong rally. The current price action indicates a likely continuation lower, targeting the Fair Value Gap (FVG) zone and major support near 1.07047. 📊 Technical Breakdown 1. Rising Wedge Pattern A clean bearish rising wedge formed during the uptrend, with price contracting upward and volatility drying. The breakdown from this wedge came with strong bearish momentum, confirming the pattern's bearish bias. 2. Fair Value Gaps (FVGs) as Draws on Liquidity Two unmitigated FVGs lie below current price: First zone near 1.0780 Second deeper zone near 1.07047, aligning with the projected measured move of the wedge breakdown. These zones act as magnetic targets for price to fill inefficiencies and collect liquidity. 3. Bearish Retest Structure Price is currently forming a potential retest of the broken wedge structure, which could provide an ideal short entry opportunity. Expected continuation downward upon rejection from this retest zone. 🧠 Trade Idea Entry Zone: After confirmation of rejection near 1.0850 (retest of wedge) Target: 1.07047 (FVG & measured move confluence) Stop Loss: Above 1.0885 (above wedge structure) Risk-Reward: Solid setup with FVG and structure confluence ⚠️ Key Levels to Watch Resistance: 1.0850–1.0880 (wedge retest) Support/Target: 1.07047 (FVG fill + structure) Break back above 1.0900 invalidates the short setup.
Short
by ForexOptimizer
Bullish Reversal with Inverse Head & Shoulder + QuasimodoEthereum is currently showing strong bullish potential on the 1-hour chart, forming a powerful confluence of reversal patterns—Inverse Head & Shoulders and the Quasimodo Pattern. These patterns often indicate trend exhaustion and signal a shift in momentum. 📊 Pattern Analysis 1. Inverse Head & Shoulders Pattern This pattern is a classic bullish reversal setup. The structure is well-defined: Left Shoulder: Forms after a local downtrend. Head: Makes a deeper low. Right Shoulder: Higher low indicating reduced selling pressure. The neckline has just been breached, suggesting the breakout has begun. 2. Quasimodo Pattern (QM) Often forms at key reversal points. Characterized by a head and shoulders structure with a lower low (head) and a higher low (right shoulder). Acts as additional confirmation of a reversal with tight invalidation zones. The Quasimodo zone also aligns with strong demand just below $1,970. 🎯 Target Projection The projected minimum target is measured from the bottom of the head to the neckline, then added to the breakout point. Target: ~$2,121.41 This implies a 5.38% potential move from the breakout zone. The yellow highlighted area marks a potential supply zone, where price could face resistance. 🧠 Trade Considerations Entry: On breakout above neckline (already triggered). Confirmation : Look for bullish candles + volume spike. Retest Entry: If price revisits the neckline (~$2,000 zone) and holds as support, it provides a second chance entry. Invalidation: A break below the right shoulder (~$1,965) would invalidate the pattern setup. Stop Loss Idea : Below the head or right shoulder depending on risk tolerance. 📌 Confluence Factors Dual bullish reversal patterns (H&S + QM) Breakout in progress with bullish momentum Strong price reaction from the higher low confirms buyer interest Room to run into previous supply zone around $2,120–2,140
BINANCE:ETHUSDLong
by ForexOptimizer
Bitcoin (BTCUSD) - Bullish Breakout from Strong Falling WedgeBitcoin is currently showing signs of a potential breakout from a strong falling wedge pattern on the 4H chart, which is a classic bullish reversal signal. 🔍 Technical Highlights: The falling wedge has been forming since late January, creating a series of lower highs and lower lows. Price action is now consolidating near the wedge resistance, indicating an impending breakout. A previous bullish leg saw a price rally of 25,428.16 (+30.29%), suggesting strong historical momentum. If BTC breaks out cleanly, we could see a similar or stronger move—projecting a potential rally of 28,086.24 (+31.12%). 📈 Expected Target : ~$118,141, aligning with the measured move from the wedge breakout. 🧠 Trading Insigh t: Watch for a confirmed breakout with strong volume above the wedge resistance zone. Retests of the breakout area can offer ideal entries for continuation trades.
BINANCE:BTCUSDLong
by ForexOptimizer
GBP/USD LONGHi ! Based on the current price action and I have prepared 2 trades for next week. First is a long position from 1.287 where is VAL , price has respected this area, making it a good level for initiating a smaller long position with limited risk. Forward I am looking at 1.3 area and looking to scaling in after confirmation above 1.302 ensures that I participate in the trend continuation without overexposing prematurely. Step 1: Small Entry at 1.287 Entry: Long position at 1.287. Stop Loss: Below 1.2800. Take Profit: Partial profit near resistance at 1.3000, or hold until breakout confirmation. Step 2: Scale In After Breakout Entry Trigger: Wait for price action to break and hold above 1.302 (confirmed by strong candlestick close or volume spike). Entry Price: Enter larger position at 1.302. Stop Loss: Below recent breakout level (~1.295). Take Profit Levels: First Target: 1.3200. Second Target: 1.3400. FX:GBPUSD
Long
by Andrei_C
Gold price analysis March 21⭐️Fundamental Analysis The Federal Reserve’s forecast of only two 25 basis point (bps) rate cuts by the end of the year helped the US Dollar (USD) gain positive momentum for the third consecutive day, which, in turn, is seen as undermining the commodity. The decline could also be due to some profit-taking heading into the weekend. However, bets that the Federal Reserve (Fed) will continue its rate-cutting cycle will limit the USD’s gains and act as a non-yielding driver for Gold prices. Moreover, uncertainty over US President Donald Trump’s aggressive trade policies and their impact on the global economic outlook, coupled with geopolitical risks, deter traders from placing strong bearish bets on the safe-haven bullion. ⭐️Technical analysis D1 candle has started to show a bearish candle after many consecutive days of increase. However, the buyers have pushed the price from the 3026 area, showing that a strong buying force is still in this area. The European session, gold traded within the 3025 and 3038 range, the h4 structure shows this. Gold is pushing up to 3038, until the end of the European session, gold cannot break 3038, giving a SELL signal to 3025, the US breaks 3025, then it heads towards support 3008. In the opposite direction, Gold pushes back to 3025 first and does not break this area in the European session, giving a BUY signal to 3038 and heads towards ATH when the US breaks this area. Pay attention to the 2 areas of 3025 and 3038 to trade breakouts.
OANDA:XAUUSD
by TVS-Trader
USDJPY Price ActionHello Traders, Due to USD weakness, this pair presents a potential short opportunity. We have a valid supply zone, strengthened by liquidity presence. 🔹 Trade Plan: 1️⃣ Wait for a liquidity sweep before entering. 2️⃣ Let the price tap into the supply zone. 3️⃣ Switch to a lower timeframe (5M or 15M) for precise entry confirmation. 4️⃣ Look for a Mitigation Block or Fair Value Gap (FVG) as an entry trigger. ⚠️ Risk Management is Key: Always manage risk, avoid greed, and never trade blindly. Stick to your plan, and let the market come to you. Wishing you all the best & happy trading! 🚀📊 Thank you!
Short
by SuvashishFx
Gold Price Analysis March 18⭐️Fundamental Analysis The ceasefire between Israel and Hamas collapsed as Israel attacked targets across Gaza, killing at least 100 people. Tensions escalated further with unconfirmed reports that the US sank an Iranian intelligence-gathering vessel. These developments have pushed investors to seek gold as a safe-haven asset, especially amid geopolitical risks and global economic uncertainty due to the US-China trade war. In addition, US retail sales data for February raised concerns about an economic recession, supporting gold prices but putting pressure on the USD. However, the greenback recovered on Tuesday ahead of the Fed's policy meeting on Wednesday. ⭐️Technical Analysis Gold is near its all-time high and there is no reasonable technical analysis method to trade it. We still favor retracements and buy up with the trend. 3020 and 3040 are two psychological zones the market is waiting for. nice retracements for BUY signals are waiting around 2980 - 2960 - 2945
OANDA:XAUUSD
by TVS-Trader
CADJPY having strong bullish signs OANDA:CADJPY PA based trade, currently price on bottom line, JPY showing signs of losing power, with some other currencies it's already confirmed bearishness. We are have and event GDP from JPY today, which looks like its have impact here. Here now expecting strong bullish push till top trend line (RES zone) and having look we will see and break of top trend line and higher bullishness is exepcted here SUP zone: 101.200 RES zone: 104.550, 105.500, 106.300
Long
by DepaTrading