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EURJPY Double Top - Bearish Reversal Ahead Toward Target!🔍 Chart Analysis: Identifying the Double Top Pattern The EURJPY (Euro/Japanese Yen) 1-hour chart shows a classic Double Top pattern, which is a strong bearish reversal formation. This pattern occurs when the price reaches a significant resistance level twice but fails to break above it, indicating a potential shift from bullish momentum to bearish control. 1️⃣ Top 1: The first peak formed as buyers pushed the price higher, but strong resistance forced a pullback. 2️⃣ Top 2: The price attempted to break the same resistance level again but failed, forming a second peak at approximately 164.165, confirming that sellers are overpowering buyers. 3️⃣ Neckline (Support Level): The critical support level around 160.000 acted as a trigger for the bearish move. Once this level broke, the double top pattern was confirmed. 📌 Key Levels and Market Structure 🔹 Resistance (164.165): The highest level where sellers dominated, preventing further upward movement. 🔹 Support/Neckline (160.000): This level acted as a crucial pivot. Once broken, it signaled a trend reversal. 🔹 Take Profit Levels: TP1 – 159.036: This serves as the first profit target, aligning with a prior demand zone. TP2 – 157.200: The full projected downside move based on the double top pattern. 🔹 Stop Loss (SL): Above 164.165, ensuring a risk-managed approach in case of trend invalidation. 📉 Trading Strategy: How to Trade This Setup? 1️⃣ Entry Confirmation: The ideal entry was after the price broke the neckline at 160.000 and retested it as resistance. A breakdown candle with high volume confirmed seller dominance. 2️⃣ Stop-Loss Placement: A stop-loss above 164.165 provides room for price fluctuations while protecting against false breakouts. 3️⃣ Profit Targets: TP1: 159.036, securing partial profits. TP2: 157.200, completing the double top measured move. 📊 Market Psychology & Price Action Insights The double top pattern reflects a shift in market sentiment from bullish to bearish. The repeated rejection at 164.165 signals a lack of buying strength, increasing the probability of a downward move. The breakdown of the 160.000 neckline confirms that sellers have taken control. The price action also shows a lower-high formation, reinforcing bearish momentum. ✅ Conclusion: Bearish Bias Until 157.200 This setup strongly favors short positions, as long as the price stays below 162.500. A break above 164.165 invalidates the bearish setup, signaling a potential reversal. Until then, the market remains bearish, with TP1 & TP2 as achievable downside targets. 💬 What’s your outlook on EURJPY? Drop your analysis below! 👇
Short
by GoldMasterTrades
Nightly $SPY / $SPX Scenarios for April 3, 2025🔮 🔮 🌍 Market-Moving News 🌍: 🇺🇸📈 President Trump's 'Liberation Day' Tariffs Implemented: On April 2, President Donald Trump announced a series of new tariffs, referred to as "Liberation Day" tariffs, aiming to address trade imbalances. These include a baseline 10% tariff on all imports, with higher rates for specific countries: 34% on Chinese goods, 20% on European Union products, and 25% on all foreign-made automobiles. The administration asserts these measures will revitalize domestic industries, though critics warn of potential price increases for consumers and possible retaliatory actions from affected nations. 📊 Key Data Releases 📊 📅 Thursday, April 3: 📉 Initial Jobless Claims (8:30 AM ET): Forecast: 225,000​ Previous: 224,000​ Measures the number of individuals filing for unemployment benefits for the first time during the past week, providing insight into the labor market's health.​ 📈 Trade Balance (8:30 AM ET): Forecast: -$76.0 billion​ Previous: -$131.4 billion​ Indicates the difference in value between imported and exported goods and services, reflecting the nation's trade activity.​ 🏢 ISM Services PMI (10:00 AM ET): Forecast: 53.0​ Previous: 53.5​ Assesses the performance of the services sector; a reading above 50 suggests expansion.​ ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.​ 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYLong
by TrendTao
EUR/USD: Bullish Falling Wedge Breakout Towards TargetLet’s analyze the 1-hour candlestick chart of EUR/USD (Euro / U.S. Dollar) on TradingView, published by GoldMasterTraders on April 2, 2025, at 19:04 UTC. The chart highlights a trading setup based on a Falling Wedge pattern, indicating a potential bullish breakout. I’ll describe the chart pattern and the trading setup in detail. Chart Pattern: Falling Wedge Pattern Description Type: The chart identifies a Falling Wedge pattern, which is a bullish chart pattern that typically signals a reversal or continuation of an uptrend. A Falling Wedge forms when the price consolidates between two downward-sloping trendlines that converge over time, with the upper trendline (resistance) sloping more steeply than the lower trendline (support). Appearance on the Chart: The Falling Wedge is clearly marked with two converging trendlines: Upper Trendline (Resistance): Connects the lower highs, sloping downward. Lower Trendline (Support): Connects the lower lows, also sloping downward but at a less steep angle. The pattern began forming around March 19, after a sharp decline from 1.9400 to 1.8700, and continued until the breakout on April 2, 2025. Breakout Direction: Falling Wedges are typically bullish, meaning the price is expected to break out to the upside. The chart shows the price breaking above the upper trendline of the wedge around April 2, 2025, with a strong bullish candle, confirming the breakout. The breakout level is around 1.90840, and the price has moved slightly above this level, closing at 1.90864 at the time of the chart. Key Levels and Trading Setup 1. Support Level A horizontal support zone is marked around 1.90730 (approximately 1.9070–1.9080). This level acted as a base during the wedge formation, with the price bouncing off this zone multiple times (e.g., on March 23 and March 30). The support level aligns with the lower boundary of the wedge, reinforcing its significance as a key area of buying interest. 2. Resistance Level A resistance zone is marked around 1.92000 (approximately 1.9190–1.9210). This level corresponds to a previous high reached on March 19, before the wedge formation began. It represents a significant barrier where selling pressure previously emerged. After the breakout, the price is expected to test this resistance as part of the bullish move. 3. Target The target for the breakout is projected at 1.92110. This target is likely calculated by measuring the height of the wedge at its widest point (from the highest high to the lowest low within the pattern) and projecting that distance upward from the breakout point. The chart indicates a potential move of 0.00435 (0.40%), which aligns with the distance from the breakout level (around 1.90840) to the target (1.92110). 4. Stop Loss A stop loss is suggested below the support level at 1.90730. This placement ensures that if the breakout fails and the price falls back into the wedge, the trade is exited with a manageable loss. The stop loss is just below the breakout level (1.90840), with a distance of approximately 0.00110, representing the risk on the trade. Trading Setup Summary Entry: The setup suggests entering a long (buy) position after the price breaks out above the upper trendline of the Falling Wedge, which occurred around April 2, 2025. The breakout is confirmed by a strong bullish candle closing above the trendline at approximately 1.90840. Stop Loss: Place a stop loss below the support level at 1.90730 to protect against a false breakout or reversal. The distance from the breakout level (1.90840) to the stop loss (1.90730) is 0.00110, or about 0.06% of the entry price. Take Profit/Target: Aim for the target at 1.92110, which is near the next significant resistance level. The distance from the breakout level to the target is 0.01270, or a 0.40% move. Risk-Reward Ratio: The risk is 0.00110 (from 1.90840 to 1.90730), and the reward is 0.01270 (from 1.90840 to 1.92110), giving a risk-reward ratio of approximately 11.55:1 (0.01270 / 0.00110). This is an exceptionally high risk-reward ratio, making the setup very attractive, though traders should ensure the breakout is well-confirmed due to the tight stop loss. Additional Observations Price Action Context: Before the wedge formed, the price experienced a sharp decline from 1.9400 (March 13) to 1.8700 (March 19), indicating a strong bearish trend. The Falling Wedge represents a consolidation phase within this downtrend, and the upside breakout suggests a potential reversal or at least a corrective move higher. Volume and Momentum: The chart doesn’t display volume or momentum indicators (e.g., RSI, MACD). However, a typical confirmation of a Falling Wedge breakout would include: An increase in volume on the breakout candle, indicating strong buying interest. Bullish momentum signals, such as an RSI above 50 or a bullish MACD crossover. Traders might want to check these indicators for additional confirmation of the breakout’s strength. Timeframe: This is a 1-hour chart, so the setup is intended for short-term trading, with the target potentially being reached within a few hours to a day. Market Context: EUR/USD is influenced by factors like U.S. dollar strength, Eurozone economic data, and interest rate differentials. A bullish move in EUR/USD could be driven by a weaker dollar (e.g., due to dovish U.S. economic data) or positive Eurozone developments. Conclusion The TradingView idea presents a bullish setup for EUR/USD based on a Falling Wedge pattern on the 1-hour chart. The price has broken above the wedge’s upper trendline, confirming a bullish move with a target of 1.92110. The setup includes a stop loss at 1.90730 to manage risk, offering an impressive risk-reward ratio of 11.55:1. Key levels to watch include the support at 1.90730 and the resistance at 1.92000. Traders should consider additional confirmation from volume and momentum indicators, as well as broader market conditions, before executing the trade. Since this chart is from April 2, 2025, market conditions may have evolved, and I can assist with searching for more recent data if needed!
Long
by GoldMasterTrades
JPY/USD: Bearish Triangle Pattern Breakout Towards TargetChart Pattern: Triangle Pattern Pattern Description Type: The chart identifies a Triangle Pattern, which is a type of consolidation pattern that can act as either a continuation or reversal pattern depending on the preceding trend and the breakout direction. Triangles are characterized by converging trendlines, indicating a period of indecision in the market as the price range narrows. Specific Type: This appears to be a Symmetrical Triangle, as the upper and lower trendlines converge at a similar angle, suggesting neither buyers nor sellers have clear control during the consolidation phase. Appearance on the Chart: The Triangle Pattern is marked with two converging trendlines: Upper Trendline (Resistance): Connects the lower highs, sloping downward. Lower Trendline (Support): Connects the higher lows, sloping upward. The pattern began forming around March 27, after a sharp downtrend, and continued until the breakout on April 2, 2025. Breakout Direction: Symmetrical Triangles can break out in either direction, but they often continue the preceding trend. In this case, the preceding trend was bearish (a sharp decline from 0.006720 to 0.006640), and the breakout is to the downside, confirming a bearish continuation. The chart shows the price breaking below the lower trendline of the triangle around April 2, 2025, with a strong bearish candle, indicating a confirmed bearish breakout. Key Levels and Trading Setup 1. Support Level A horizontal support zone is marked around 0.006640 (approximately 0.00664–0.00665). This level acted as a base during the triangle formation, with the price bouncing off this zone multiple times (e.g., on March 28 and March 31). The price has now broken below this support, turning it into a resistance level on any potential retest. 2. Resistance Level A resistance zone is marked around 0.006705 (approximately 0.00670–0.00671). This level corresponds to a previous high within the triangle and aligns with the upper boundary of the triangle at the time of the breakout. After the breakout, this resistance level is where the stop loss is placed, as a move back above this level would invalidate the bearish setup. 3. Target The target for the breakout is projected at 0.006599 (approximately 0.00660). This target is likely calculated by measuring the height of the triangle at its widest point (from the highest high to the lowest low within the pattern) and projecting that distance downward from the breakout point. The chart indicates a potential move of -0.000604 (-0.96%), which aligns with the distance from the breakout level (around 0.006654) to the target (0.006599). 4. Stop Loss A stop loss is suggested above the resistance level at 0.006705. This placement ensures that if the breakout fails and the price moves back above the triangle’s lower trendline (now acting as resistance), the trade is exited with a manageable loss. Trading Setup Summary Entry: The setup suggests entering a short (sell) position after the price breaks below the lower trendline of the Triangle Pattern, which occurred around April 2, 2025. The breakout is confirmed by a strong bearish candle closing below the trendline at approximately 0.006654. Stop Loss: Place a stop loss above the resistance level at 0.006705 to protect against a false breakout or reversal. The distance from the breakout level (0.006654) to the stop loss (0.006705) is 0.000051, representing the risk on the trade. Take Profit/Target: Aim for the target at 0.006599, which is the projected price objective based on the triangle’s height. The distance from the breakout level to the target is 0.000055, or a 0.96% move. Risk-Reward Ratio: The risk is 0.000051 (from 0.006654 to 0.006705), and the reward is 0.000055 (from 0.006654 to 0.006599), giving a risk-reward ratio of approximately 1:1.08 (0.000055 / 0.000051). While this ratio is slightly above 1:1, it’s on the lower side for a typical trading setup, so traders should ensure high confidence in the breakout. Additional Observations Price Action Context: Before the triangle formed, the price experienced a sharp decline from 0.006720 (March 23) to 0.006640 (March 27), indicating a strong bearish trend. The triangle represents a consolidation phase within this downtrend, and the downside breakout suggests a continuation of the bearish momentum. Volume and Momentum: The chart doesn’t display volume or momentum indicators (e.g., RSI, MACD). However, a typical confirmation of a triangle breakout would include: An increase in volume on the breakout candle, indicating strong selling pressure. Bearish momentum signals, such as an RSI below 50 or a bearish MACD crossover. Traders might want to check these indicators for additional confirmation of the breakout’s strength. Timeframe: This is a 1-hour chart, so the setup is intended for short-term trading, with the target potentially being reached within a few hours to a day. Market Context: USD/JPY is influenced by factors like U.S. dollar strength, Japanese yen safe-haven demand, and interest rate differentials. A bearish move in USD/JPY could be driven by a stronger yen (e.g., due to risk-off sentiment) or a weaker dollar (e.g., due to dovish U.S. economic data). Conclusion The TradingView idea presents a bearish setup for USD/JPY based on a Symmetrical Triangle Pattern on the 1-hour chart. The price has broken below the triangle’s lower trendline, confirming a bearish continuation with a target of 0.006599. The setup includes a stop loss at 0.006705 to manage risk, offering a risk-reward ratio of approximately 1:1.08. Key levels to watch include the former support (now resistance) at 0.006640 and the resistance at 0.006705. Traders should consider additional confirmation from volume and momentum indicators, as well as broader market conditions, before executing the trade. Since this chart is from April 2, 2025, market conditions may have evolved, and I can assist with searching for more recent data if needed!
Short
by GoldMasterTrades
(ETH/USD) Breakout from Falling Wedge – Bullish Momentum Ahead?Ethereum (ETH/USD) Breakout from Falling Wedge – Bullish Momentum Ahead? This 4-hour Ethereum chart shows a breakout from a falling wedge pattern, a bullish reversal formation. The price has started forming higher lows, signaling potential upside movement. The projected target is around $2,411, indicating a significant recovery. A successful retest of the breakout level could confirm further upward momentum. Traders may consider long positions while monitoring resistance levels. 📌 Key Levels: Support: ~$1,879 Target: ~$2,411 Resistance Zones: $2,100 - $2,200 Would you like me to refine this further? 🚀
BINANCE:ETHUSDLong
by PIPsOptimizer
BTC/USD Bullish Breakout from Rectangle PatternOverview: The chart represents Bitcoin's price action against the US Dollar on the 1-hour timeframe, highlighting a Rectangle Pattern Breakout with a well-structured trade setup. This analysis will break down the pattern, key levels, and possible trading scenarios. 1️⃣ Chart Pattern Breakdown – Rectangle Consolidation The price has been moving within a rectangle pattern (range-bound movement), where Bitcoin found support at lower levels and faced resistance at the upper boundary. Rectangle Pattern: A continuation/consolidation pattern where price fluctuates between horizontal resistance and support before breaking out. Curve Formation: The price action within the rectangle also forms a rounding bottom, indicating a potential shift from bearish to bullish sentiment. Breakout Confirmation: BTC has broken out from the rectangle, suggesting bullish momentum. 2️⃣ Key Technical Levels 🔹 Support Level ($84,110) This zone has acted as a strong demand area, preventing the price from falling further. Buyers consistently stepped in at this level, making it a significant psychological floor for Bitcoin. 🔹 Resistance Level ($86,850 - $87,000 Zone) This level had previously rejected upward movements, leading to multiple price pullbacks. After the breakout, this area is expected to act as a new support level upon a retest. 🔹 Target Price ($89,931 – Next Resistance Zone) If the breakout sustains, the next key target for bulls is around $89,931, based on prior resistance zones and technical projections. 🔹 Stop Loss ($84,110 – Below Support Zone) A stop loss below the support zone ensures risk management in case of a false breakout. 3️⃣ Trading Strategy & Execution 📌 Entry Point – After price confirms the breakout above the rectangle’s resistance. Traders should wait for: A pullback and retest of the broken resistance, which should now act as support. A strong bullish candle confirming continuation. 📌 Take Profit (TP) – $89,931, based on historical resistance levels and price projection from the rectangle range. 📌 Stop Loss (SL) – Placed at $84,110, below the rectangle’s previous support zone to minimize downside risk. 📌 Risk-to-Reward Ratio (RRR) – The setup offers a favorable RRR, meaning potential profits outweigh the risks. 4️⃣ Market Sentiment & Additional Factors ✔ Bullish Outlook – The breakout signals strong buying interest and potential upside continuation. ✔ Volume Confirmation – Traders should monitor volume spikes during the breakout to confirm institutional participation. ✔ Economic Events & News – External factors like macroeconomic data or Bitcoin-related news can impact price action. Conclusion – BTC/USD Trading Setup Pattern Identified: Rectangle Pattern Breakout Current Trend: Bullish breakout from consolidation Trade Type: Long position (Buy setup) Key Levels: ✅ Support: $84,110 ✅ Resistance: $86,850 - $87,000 ✅ Target: $89,931 ✅ Stop Loss: $84,110 🔥 Final Thought : Bitcoin has broken out of a key consolidation range, signaling a bullish move towards $89,931. Traders should wait for confirmation and manage risk accordingly! 🚀📈
BITSTAMP:BTCUSDLong
by GoldMasterTrades
Silver (XAG/USD) - Bearish Breakdown from Rising Wedge!Market Overview: The Silver (XAG/USD) 1-hour chart reveals a Rising Wedge pattern, which is a well-known bearish reversal formation. This suggests that the recent bullish trend is losing momentum, and a breakdown could lead to a significant price decline. 🔹 Key Technical Analysis 1️⃣ Rising Wedge Formation & Breakdown The price has been moving within a rising wedge, characterized by higher highs and higher lows but with weakening momentum. A breakdown has occurred, confirming the bearish structure as the price has failed to sustain higher levels. Historically, when a rising wedge breaks to the downside, price tends to drop by the same height as the wedge itself, which aligns with our projected target zone. 2️⃣ Price Action & Retest Possibility After the breakdown, a retest of the broken wedge support (now resistance) around $33.50 - $33.80 could provide a potential short-selling opportunity. If price fails to reclaim the wedge support, further downside pressure is expected. 3️⃣ Downside Target & Support Zone The measured move suggests a decline towards the $31.00 - $30.60 region, which coincides with a strong historical support zone. This area is highlighted as a potential profit-taking level for short trades. 📉 Trading Plan - Short Setup 🔸 Entry: Look for a rejection from the $33.50 - $33.80 zone (previous wedge support, now resistance). 🔸 Stop Loss: Above $34.00 to protect against false breakouts. 🔸 Take Profit: $31.00 - $30.60 (previous demand area). 🔸 Risk-Reward Ratio: Favorable setup, ensuring proper risk management. 🛑 Risk Factors to Consider ⚠️ If Silver regains strength and breaks back above $34.00, it could invalidate the bearish breakdown and shift momentum back to the upside. ⚠️ Macroeconomic events such as inflation data, Fed speeches, or geopolitical factors could influence price action unpredictably.
OANDA:XAGUSDShort
by ForexOptimizer
XAUUSD Head & Shoulders Breakdown – Bearish Target Ahead?This chart represents a detailed technical analysis of Gold Spot (XAU/USD) on the 1-hour timeframe with a structured trade setup based on a Head and Shoulders (H&S) reversal pattern. Below is an in-depth explanation of the chart components, price action, and trade strategy. 1️⃣ Key Chart Patterns and Analysis A. Head and Shoulders Pattern (Bearish Reversal) This is a well-known bearish reversal pattern that signals a potential trend change from bullish to bearish. It consists of three peaks: Left Shoulder: A rise followed by a temporary pullback. Head: The highest peak in the pattern, showing strong buying pressure before reversal. Right Shoulder: A smaller rise compared to the head, indicating weakening bullish momentum. B. Neckline (Support Level) and Breakdown Confirmation The neckline (horizontal support level) is drawn across the lowest points between the shoulders. A break below the neckline confirms the reversal, triggering a bearish move. The chart suggests price is at the neckline zone, preparing for a breakdown. 2️⃣ Trendline and Support/Resistance Analysis A. Uptrend Trendline Break The price was following a strong ascending trendline (dotted black line). A trendline breakout has occurred, indicating potential trend reversal. This supports the bearish bias further. B. Resistance and Support Levels Resistance Level: Marked at the top of the Head region, which aligns with previous price rejection zones. Support Levels: First support (TP1 - 3,053.269): This is the first potential take profit level. Second support (TP2 - 3,030.556): The next target if price continues downward. 3️⃣ Trade Setup & Risk Management A. Entry Point (Short Position) Sell (Short) after the neckline breakout, ensuring bearish momentum is confirmed. B. Take Profit (TP) Targets TP1: 3,053.269 (Initial support target). TP2: 3,030.556 (Stronger support zone, deeper profit target). C. Stop Loss Placement Stop Loss: 3,150.726 (Above the resistance zone). This is a logical stop-loss placement, allowing price fluctuations without prematurely stopping the trade. 4️⃣ Overall Market Sentiment & Trade Bias Bearish Bias: Due to the formation of the Head and Shoulders pattern, trendline breakout, and weakening bullish momentum. Confirmation Needed: A strong bearish close below the neckline increases probability of downward continuation. 5️⃣ Final Thought – A High-Probability Trade Setup If neckline breaks, the trade is valid with potential for a 3%+ downside move. If price holds above the neckline, the pattern may fail, leading to reconsidering trade execution. This structured risk-managed approach ensures a strategic entry, controlled risk, and maximized profit potential. 📉🔥 Let me know if you need further refinements! 🚀
OANDA:XAUUSDShort
by GoldMasterTrades
XAUUSD 1H Head & Shoulders Pattern and Quasimodo!This 1-hour Gold (XAU/USD) chart presents a Head and Shoulders pattern forming near the 3,124 level, indicating a potential bearish reversal. The structure consists of: Left Shoulder – A peak followed by a retracement. Head – The highest point in the formation. Right Shoulder – A lower high, confirming the pattern. Additionally, a Quasimodo pattern is forming, reinforcing bearish sentiment if price fails to sustain above 3,139. A breakdown below the neckline suggests a potential move toward the projected target zone at 3,039. Key Levels & Trade Plan 📍 Resistance: 3,139 (Quasimodo level) 📉 Support Levels: 3,107 – 3,085 – 3,039 (Main target) 📊 Bearish Confirmation: Break below the neckline (~3,120) 🎯 Target Zone: 3,039 A clean breakdown below the neckline could accelerate bearish momentum, aligning with the projected drop of approximately 62.7 points (-2.02%). Bulls need to reclaim 3,139 for any invalidation of this bearish outlook. Keep an eye on price action confirmation before entering trades.
OANDA:XAUUSDShort
by ForexOptimizer
Bitcoin (BTC/USD) Reversal? Rising Wedge Breakdown Signals Sell! The chart suggests a potential bearish move after a rising wedge pattern breakdown. Key Observations: Rising Wedge Breakdown: BTC formed a rising wedge, which is a bearish reversal pattern. The price has broken down from this wedge, indicating a potential downtrend. Support and Resistance Levels: Resistance Zone: Around $88,188 – $88,792, marked as a key level where selling pressure may increase. Support Zone: Around $85,368 – $84,226, where buyers may step in. Target: $81,429 – $81,258, a strong support level where price could drop. Bearish Setup: The chart suggests a sell opportunity near resistance, expecting a downward move toward the target zone. Trading Idea: Entry: Sell near $88,000 after confirmation. Target: $81,429 – $81,258 (support zone). Stop-Loss: Above $89,991 (resistance zone). This setup suggests Bitcoin could decline further, making it a potential short trade opportunity. However, traders should watch for confirmation and overall market sentiment before executing trades.
BINANCE:BTCUSDShort
by PIPsOptimizer
Gold (XAU/USD) Bullish Breakout: Next Target $3,181?"Key Observations: Current Price: Gold is trading at $3,127.450 at the time of the chart. Trend: The chart exhibits a strong uptrend, with higher highs and higher lows. Support Levels: Several support levels are marked in the $3,010 - $2,999 range, extending down to around $2,906. Resistance and Target: The immediate price range is highlighted, suggesting possible consolidation. A breakout above this range could lead to a target around $3,181. Chart Annotations: A retracement (red structure) indicates a short-term correction before continuation. A breakout structure (black lines) suggests a previous significant upward movement. The range and possible continuation are marked, indicating that the price may consolidate before attempting to reach the target. Trading Perspective: If price holds above the range, we may see bullish continuation towards $3,181. A break below support levels could signal a deeper pullback towards $3,010 or lower. This chart suggests a bullish outlook, with potential for more upside if momentum continues. Traders might look for confirmations before entering long positions.
OANDA:XAUUSDLong
by PIPsOptimizer
ADP in Focus: Will Strong Jobs Data Trigger Gold Pullback?🟡 GOLD MARKET BRIEF – Early Asian Surge Meets Resistance Ahead of Key US Jobs Data Gold kicked off the day with a sharp rally during the Asian session, driven by consistent demand from Asian and Middle Eastern investors — a pattern we’ve seen forming repeatedly during early sessions lately. However, price reacted swiftly at the 3130–3135 resistance zone, exactly as mapped out in yesterday’s trading plan. With sellers stepping in again, my outlook remains: 🔻 Look for reaction-based SELL opportunities in the Asian and London sessions, especially if price pulls back into key resistance. 📉 Technical Outlook: Gold is approaching the apex of a symmetrical triangle pattern, suggesting a breakout is imminent. ✅ As always: Wait for the breakout — then trade the retest in the confirmed direction. 📰 Fundamental Focus: All eyes today will be on the US ADP Non-Farm Employment report, which tends to offer early clues ahead of Friday’s NFP. Should the data come in stronger than expected, USD could gain traction — likely applying downward pressure on Gold, in line with our target zone around 308x–307x. 🧭 Key Technical Levels: 🔺 Resistance: 3128 – 3135 – 3142 – 3148 🔻 Support: 3110 – 3100 – 3080 – 3070 🎯 Trade Plan: 🟢 BUY ZONE: 3102 – 3100 SL: 3096 TP: 3106 – 3110 – 3114 – 3118 – 3122 – 3126 – 3130 🔴 SELL ZONE: 3148 – 3150 SL: 3154 TP: 3144 – 3140 – 3136 – 3132 – 3128 – 3124 – 3120 📌 Caution: With ADP on deck during the US session, expect a spike in volatility. Stick to clear levels, protect capital, and trade with discipline — not emotion. Let the market come to you. — AD | Money Market Flow
FOREXCOM:XAUUSDShort
by MMFlowTrading
6
RENDER ANALYSIS📊 #RENDER Analysis ✅There is a formation of Falling Wedge Pattern on daily chart with a good breakout and currently retests from the major resistance zone🧐 Pattern signals potential bullish movement incoming after a breakout of major resistance zone 👀Current Price:  $3.455 🚀 Target Price:    $4.4-6.0 ⚡️What to do ? 👀Keep an eye on #RENDER price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #RENDER  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
Nifty - Awaiting the Fifth Wave for a BreakoutNifty recently hit a low of 21,905 , marking a key reversal point in the trend. A well-defined Head and Shoulders pattern is emerging, with the right shoulder currently forming. The ongoing pullback has retraced to the 38.2% level, but there is potential for it to extend towards the 50% mark at 22,906 . However, the upward move appears to be losing momentum, with buying interest remaining subdued. Based on the chart, the head of the pattern signifies the beginning of a new impulse wave. This appears to be the fourth wave within the larger first wave. Once Nifty completes this corrective phase, the fifth wave is expected to present a trading opportunity. If wave equality holds, Nifty could potentially rise to 24,857 .
NSE:NIFTY
by Money_Dictators
Bitcoin Rejection from Resistance – Short Setup with Bullish PotBitcoin is currently testing a key resistance zone around $85,500, where previous price action showed strong selling pressure. A rejection from this level could lead to a short-term pullback towards $83,750 - $83,250 , aligning with a retest of the broken trendline before a potential bullish continuation. 🔹 Entry: $85,200 - $85,500 🔹 Stop-Loss (SL): $86,000 🔹 Take-Profit (TP): $83,750, with potential long re-entry from this zone targeting $86,000+ 📊 Watch for price action confirmation within the resistance zone before entering. If BTC holds above $85,500, the bullish breakout could accelerate. 🚀
COINBASE:BTCUSDShort
by EpicmindJournyFX
4