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GOLD. I expect a correction below 2605Hello traders and investors! I expect a correction in the price of gold below 2605. The buyer did not defend the 2710 level (see the previous post), and the seller resumed from the price range of 2721–2759. As a result, a range has formed on the daily timeframe. The upper boundary is 2721.42, and the lower boundary is 2536.855. A seller's zone has developed at the upper boundary of the range (red rectangle on the chart). The current seller's vector is 6-7, with the first potential target at 2605.31. Just below is the level marking the start of the last buyer's impulse on the weekly timeframe—2604.39—which has already been manipulated (false breakout). Therefore, it’s likely that the buyer will resume from these price levels. If the buyer does resume, the first potential target is the lower boundary of the seller's zone at the upper boundary of the range (2668.2). Good luck with your trading and investments!
OANDA:XAUUSD
by AlexeyWolf
Crypto Silver Ethereum importance The most important reason of this bullish wave is not Ethereum, maybe it's rised as normal as others but the main reason is BTC and gold And the reason of Rising and the main Stuff was The presidency of an important country like us, can make a Big wave like this Some flagship Coins like Xrp and Ada has their own news and fundamental. So i think eth cant relate this Sharpy wave rise. The dominance of Btc on market is dumping in my opinion and it will continue tol the Eth dominance rise to see a new alt season. This valuable and volume of Eth is not really fair for This young Crypto Silver.i can bet one day you will forget about btc lol just kidding. Btw we have 2 scenarios for monthly ranging triangle technically for: If you don't expect any sudden news or war tensions or Powell Time Sharp moves, we can have rising scenario with slowly ranging in 1month timeframe Instead if we have the Low and weak Eth we can expect Dumping and we can start to check the Eth after breaking triangle from Down part. Btw i like to just wait to see what happens in 2 weeks for this young mom Coin(eth) haha Good luck
by Unknownzeros
1
Wedge Pattern on Bitcoin's Chart - Investors Take RisksHello, The optimistic break out of a possible bullish wedge pattern suggests potential price action of reclaiming the $97.3k price level. The white trendlines mark the borders of a falling wedge pattern, which is usually a bullish pattern. The upward break out from the pattern further indicates a bullish scenario. The bullish chart pattern aligns with technicals like MACD, signaling a weakening bearish momentum. Per the wedge patterns' dimensions, if the price returns to the wedge and hits stop loss levels like $96.5k, the bullish scenario can be considered invalid. Otherwise, a minor pullback is possible to the upper white trendline until BTC picks up bullish momentum and volume. The volume profile shows relatively minimal interest at the current levels. So, I expect BTC to move out from these levels soon. Achieving the target of $97.3k would not only fulfill the bullish potential according to the dimensions of the wedge pattern but also bring the price to levels where investors are interested in trading. Sentiment: As of November 2024, the market sentiment for Bitcoin is extremely bullish. This is reflected in the Crypto Fear and Greed Index, which currently sits at 88, indicating extreme greed. This high level of optimism suggests that investors are highly confident in Bitcoin's future and are willing to take on more risk in anticipation of further price increases. Global economics: The ongoing strategic competition between the US and China continues to shape the global economic and political landscape, impacting trade, technology, and security. Competitors may recognize the potential to exploit Bitcoin, which will help the price to reach higher levels. Risk management: I encourage you to configure your stop loss and diversify your investments to reduce risk. Regards, Ely
BITSTAMP:BTCUSDLong
by Elysian_Mind
UP OR DOWN Cycles: HWC:uptrend MWC:uptrend LWC: weak uptrend So I am not talking about the shorts position because all the cycles are dry Important points; 🤔 1.The number of hits weakens that level and shows its strength Three hits to the top line and four to the bottom line 2.The volume is also decreasing, which I think we are naturally correcting I don't see it as a weakness😉 You can enter depending on your strategy If you want me to analyze a coin, tell me in the comment🫡 ⚠️ Do capital management to survive ⚠️
Long
by parsa_xa
2
"BTC/USD: Key Levels & Trade Strategies"AlexGoldHunter Analysis of Bitcoin (BTC/USD) on a 4-hour and 15-minute Timeframe 4-Hour Chart Analysis Fibonacci Retracement Levels: Key Levels: 0.382 (96,457), 0.5 (95,424), 0.618 (94,391), 0.705 (93,630), 0.786 (92,921). The price is currently around the 0.382 level, indicating a potential support zone. Volume Profile: High volume nodes around 96,000 and 94,000 indicate strong support/resistance zones. Resistance at 97,000 (Invalidation Level) and support around 91,568. Indicators: RSI: Around 52.40, indicating neutral momentum. MACD: Showing a potential bullish crossover. Other indicators suggest a potential reversion around the 91,568 level. 15-Minute Chart Analysis Fibonacci Retracement Levels: Key Levels: 0.382 (96,450), 0.5 (96,555), 0.618 (96,660), 0.705 (96,737), 0.786 (96,809). The price is currently around the 0.382 level, indicating a potential support zone. Volume Profile: High volume nodes around 96,000 and 95,000 indicate strong support/resistance zones. Resistance at 97,000 (Invalidation Level) and support around 96,134. Indicators: RSI: Around 44.68, indicating slightly bearish momentum. MACD: Showing a potential bearish crossover. Other indicators suggest a potential reversion around the 96,134 level. Buy Strategy with Confirmation Entry Point: Consider buying around the 0.382 Fibonacci retracement level (96,457 on the 4-hour chart and 96,450 on the 15-minute chart) if the price shows signs of support and bullish reversal patterns. Confirmation: Look for bullish candlestick patterns, RSI above 50, and a bullish MACD crossover. Stop Loss: Place a stop loss below the 0.5 Fibonacci retracement level (95,424 on the 4-hour chart and 96,555 on the 15-minute chart). Target: Aim for the next resistance level around 97,000. Sell Strategy with Confirmation Entry Point: Consider selling around the resistance level (97,000) if the price shows signs of resistance and bearish reversal patterns. Confirmation: Look for bearish candlestick patterns, RSI below 50, and a bearish MACD crossover. Stop Loss: Place a stop loss above the resistance level (97,000). Target: Aim for the next support level around 96,134. This analysis provides a comprehensive view of the current market conditions and potential trading strategies for Bitcoin based on the provided chart. If you have any further questions or need additional analysis, feel free to ask! Happy trading! 🚀✨ Disclaimer: The information provided in this analysis is for educational and informational purposes only and should not be considered as financial advice. Trading and investing involve substantial risk, and it is possible to lose more than your initial investment. Always conduct your own research and consult with a financial advisor before making any trading decisions. The author of this analysis does not accept any liability for any loss or damage that may arise from using the information provided. Use this analysis at your own risk. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by Alexgoldhunter
Bitcoin Reversal: Top Fibonacci & Volume Insights + Buy/Sell Expert Analysis of Bitcoin (BTC/USD) on a 1-hour Timeframe 1. Break of Structure (BOS) and Change of Character (CHoCH): BOS and CHoCH are marked on the chart to highlight significant shifts in market structure. BOS (Break of Structure): Indicates a strong trend continuation when the price breaks previous support or resistance levels. CHoCH (Change of Character): Suggests a potential reversal or significant change in trend direction. 2. Fibonacci Retracement Levels: Key Fibonacci levels are used to identify potential support and resistance areas: 0.382 (95,540) 0.5 (94,918) 0.618 (94,297) 0.705 (93,823) 0.786 (93,417) The 0.5 and 0.618 levels are particularly noteworthy as they often act as strong support or resistance zones. 3. Volume Profile: The Volume Profile on the right side of the chart shows the traded volume at different price levels. Higher volume areas indicate strong support or resistance zones. The highest volume node around the 96,380 level suggests a significant resistance area. 4. Price Action: The chart indicates a significant downtrend followed by a potential reversal. Price has broken several support levels (BOS) and is now testing the Fibonacci retracement levels. The recent CHoCH suggests a potential shift in market sentiment, indicating that the downtrend might be losing momentum and a reversal could be in play. 5. Key Indicators: Relative Strength Index (RSI): Currently at 59.35, indicating neutral to slightly bullish momentum. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, indicating bullish momentum. 6. Key Levels: Resistance: 96,380 (high volume node) Support: Fibonacci levels at 0.5 (94,918) and 0.618 (94,297) Buy Scenario with Confirmation: Price Action: Look for a bullish CHoCH or BOS, indicating a potential upward trend. RSI Confirmation: RSI should be above 50 and ideally moving upwards. MACD Confirmation: MACD line crossing above the signal line, with a positive histogram. Volume Confirmation: Increasing volume on bullish candlesticks. Entry Point: Consider entering a buy position when the price breaks above a recent resistance level, such as $96,380, with confirmation from the above indicators. Stop Loss: Place a stop loss below the recent swing low or support level, such as $94,918. Take Profit: Set a take profit target at the next significant resistance level or based on a risk-reward ratio, such as $98,000. Sell Scenario with Confirmation: Price Action: Look for a bearish CHoCH or BOS, indicating a potential downward trend. RSI Confirmation: RSI should be below 50 and ideally moving downwards. MACD Confirmation: MACD line crossing below the signal line, with a negative histogram. Volume Confirmation: Increasing volume on bearish candlesticks. Entry Point: Consider entering a sell position when the price breaks below a recent support level, such as $94,918, with confirmation from the above indicators. Stop Loss: Place a stop loss above the recent swing high or resistance level, such as $96,380. Take Profit: Set a take profit target at the next significant support level or based on a risk-reward ratio, such as $93,000. Conclusion: The chart suggests a potential reversal in the downtrend of Bitcoin prices, with significant support and resistance levels identified through Fibonacci retracement and volume profile analysis. BOS and CHoCH annotations provide insights into the market structure and potential future price movements. Keep an eye on the key Fibonacci levels and the high volume node for potential trading opportunities. Bitcoin, BTCUSD, Technical Analysis, Fibonacci, Volume Profile, Trading, Price Action, Reversal, Buy Signal, Sell Signal, Support, Resistance, BOS, CHoCH, 1H Chart, Crypto, Cryptocurrency
BITSTAMP:BTCUSDShort
by Alexgoldhunter
Breaks Out of a Bullish Flag: Key Levels and What to Watch NextWillis Towers Watson NASDAQ:WTW is breaking out of a classic flag pattern, reclaiming key resistance with strong volume. The price action suggests solid momentum, and the breakout above 321$ could pave the way for further upside. The high-volume also support this move and shows strong buyer interest, making it a setup interesting. As long as the price holds these levels, the breakout could continue driving bullish sentiment.
NASDAQ:WTWLong
by David_SpotTheTrend
BTC is going finally to 100k?Hey guys! We finishing this week with nice news? So quick update about bitcoin situation. We have here bull MA crossing oon 4H TF, so we can potentially see some long movement on the weekends. Another bull sign can be a Thannksgiving Day, so markets can react positive. On the other hand we have descending volumes and not really active movement. Don't forget to use SL and follow risk management! What's your thoughts about the short market condition?
Long
by SheTradesHub
Unmasking DXY's Bullish Potential with Volume ProfileH ello, The unusually high market activity around the 100.5 level indicated strong bullish accumulation. The yellow ellipses highlight the volume and price levels. You can see that volume decreases both above and below this key level. This accumulation is evident because the price broke out of a bullish consolidation pattern, as shown in the left yellow circle, reaching a high of 103.9, indicated by the yellow line. This is the current level, where you may notice exceptionally high market activity. As the price remains above the green demand zone, the red supply zone may be tested, as suggested by the volume profile. Regards, Ely
CAPITALCOM:DXYLong
by Elysian_Mind
Volume Trade AUCTION/USDT is presenting a compelling short setup, supported by technical indicators and volume analysis. The model is projecting that the pair shows clear signs of weakness around key resistance levels, making it an attractive opportunity for traders looking to capitalize on a downside move. The strategy involves building a short position at $17, targeting $16.120 with 100x leverage for a potential profit of at least 450%. Volume patterns confirm waning bullish momentum, with selling pressure likely to dominate near current price levels. Additionally, scaling into the position around $18 offers the potential to maximize returns if the price struggles to break higher. **Key Levels to Watch** -Entry Zone: $17 -Target: $16.120 -Leverage: 100x -Resistance Level for Additional Entry: $18 -Partial Take-Profit Margin of Error: 0.187% This setup balances risk and reward effectively, leveraging volume-driven signals and precise technical levels to minimize risk. Tight management of the margin of error (0.187%) for partial take-profits ensures disciplined exits while maximizing gains. For traders who execute carefully, this strategy offers a lucrative opportunity to capitalize on the anticipated downward move in AUCTION/USDT.
Short
by Dr_Wallstreet
Volume Strategy Idea I want show how to combine three of my scripts to derive trading signals. I am going to build this into a coherent Indicator, so any feedback while I am developing is appreciated. You want to see VAMA defining the trend direction. Then you look to enter on the bars where the Volume Flow Indicator is issueing an New Signal (Dark Green or Dark Red), and Volume Bars showing a significant or massive volume event. These two signals must happen at the same bar and in the direction of the trend defined by the VAMA to confirm a signal. Im working on this script as I write this and you will find it in my script library soon. I will call the Indicator "Volume Runner". Enjoy.
Education
by jpkxyz
ETH within the Fibonacci time and retracement LevelsIn this Ethereum (ETH/USD) daily chart, we observe a fascinating interplay of Fibonacci time-based trend lines and Fibonacci retracement levels, providing a comprehensive outlook on potential price behavior. The chart highlights key Fibonacci retracement levels at 0.236 (2,571.1), 0.382 (2,835.3), 0.5 (3,048.8), 0.618 (3,462.4), and 0.786 (3,666.4), which serve as critical support and resistance zones. The Fibonacci time-based trend lines, marked by vertical green and red lines, indicate significant time intervals where price action is likely to experience notable changes. Within the highlighted box, three potential scenarios are mapped out: a bullish trend, consolidation, and a bearish trend. The bullish scenario suggests a price surge towards the 4,000 level and beyond, while consolidation indicates a sideways movement around the 3,800 mark. Conversely, the bearish scenario points to a potential decline towards the 3,200 level. This analysis provides traders with a strategic framework to anticipate Ethereum's price movements and make informed decisions.
BITSTAMP:ETHUSD
by stocktechbot
Technical Analysis of Gold Spot (XAU/USD) Chart (1H Timeframe) The provided chart highlights a consolidation phase with potential bullish and bearish scenarios forming at key levels. Here's the detailed analysis: Key Observations: Trend Overview: The price has been consolidating after a pullback from the resistance at $2,677. Recent candles suggest indecision, with price respecting the $2,619–$2,635 zone as intraday support. Support Zones: $2,619–$2,621: Immediate support zone aligned with the NY Midnight Open level, acting as a potential demand area. $2,602–$2,605: Next strong support where buyers previously stepped in. $2,552–$2,560: Major demand zone and a stronger area of interest for buyers. Resistance Zones: $2,655–$2,660: First key resistance, aligned with liquidity voids from recent sell-offs. $2,677–$2,680: A strong resistance zone, tested and rejected previously. $2,711–$2,740: Major resistance and extended target for a bullish breakout. Volume Analysis: Strong selling pressure (e.g., Delta Volume: 188%) is visible around the $2,635–$2,640 region. Buy-side orders show interest near $2,619, keeping price within range. Bullish Scenario: Conditions for a Bullish Move: A confirmed break and close above $2,640, invalidating immediate selling pressure. Sustained buying momentum toward liquidity pockets above $2,655. Entry Points: Aggressive Entry: Enter near the support zone around $2,619–$2,621 with a stop-loss below $2,610. Conservative Entry: Buy on a breakout and retest above $2,640, confirming bullish momentum. Exit Points (Take Profit): First Target: $2,655 (liquidity void resistance). Second Target: $2,677–$2,680 (strong resistance zone). Final Target: $2,711–$2,740 (extended bullish target). Invalidation: A breakdown below $2,610, signaling further downside potential. Bearish Scenario: Conditions for a Bearish Move: Price fails to break above $2,640 or $2,655, confirming strong selling pressure. A confirmed breakdown below $2,619, opening the path for further downside. Entry Points: Aggressive Entry: Short near $2,640, where selling pressure is currently visible. Stop-loss above $2,645. Conservative Entry: Short after a breakdown below $2,619, targeting lower supports. Exit Points (Take Profit): First Target: $2,602–$2,605 (next support level). Second Target: $2,560 (key demand zone). Final Target: $2,552 (major support and extended bearish target). Invalidation: A breakout above $2,645, invalidating bearish momentum. Key Indicators to Watch: Volume Behavior: Watch for increasing buy-side volume at $2,619–$2,621, which would support the bullish case. Sustained selling volume near $2,640 or a breakdown below $2,619 would confirm bearish momentum. Price Action: A breakout or rejection near the resistance at $2,640–$2,655 will determine the short-term trend. Lower lows below $2,619 would signal continuation of the bearish trend. Liquidity Voids: Price action near the liquidity void at $2,655 will offer clues about the strength of buyers or sellers. Summary of Probable Entry & Exit Points: Scenario Entry Zone Stop-Loss Target Levels Bullish $2,619–$2,621 (Aggressive) or above $2,640 (Conservative) $2,610 $2,655, $2,677, $2,711 Bearish $2,640 (Aggressive) or below $2,619 (Conservative) $2,645 $2,605, $2,560, $2,552 Conclusion: Bullish Outlook: A breakout above $2,640 can lead to a rally toward $2,655–$2,680 and potentially higher. Bearish Outlook: Failure to break above $2,640 or a breakdown below $2,619 may lead to declines toward $2,605–$2,552. Traders should closely monitor price reactions at $2,619 and $2,640 to confirm the next move while managing risk with tight stop-losses.
FX:XAUUSDLong
by ProspireWealth
Max Profit: VOLUME PROFILE BTCUSDT Current State: On the BINANCE:BTCUSDT chart, we observe a corrective movement after breaking the POC (Point of Control), which marks the area of maximum trading volume in the current range. The price tested the support level near 91,000 USDT, where buyers actively stepped in to prevent further decline. The previously broken ascending trendline now acts as resistance. The price is recovering and approaching the key resistance level at 94,000 USDT. 🔑 Technical Context POC (Point of Control): The maximum trading volume level is located around 91,400 USDT and serves as a key demand zone. Support: A strong demand zone exists between 90,000–91,000 USDT, where significant buying volume was observed. Resistance: The area around 94,800 USDT acts as the nearest resistance. A breakout above this level may lead to higher targets. 🚩 Trading Strategy Potential Scenarios: Bullish Breakout Scenario: If the price consolidates above 94,800 USDT, consider long positions with targets: 96,500 USDT 98,000 USDT Continuation of Correction: If the price fails to break the resistance, expect a retest of the 91,000 USDT support zone. A break below this area could lead to a further drop towards 88,500 USDT. Stop-Loss: For long positions: below 91,000 USDT. For short positions: above 94,800 USDT. 📈 Recommendations Volume Profile: Monitor volume accumulation near current levels to gauge market sentiment. Trendline Resistance: Consider the role of the broken ascending trendline as a resistance level. Risk Management: Use sensible stop-loss orders to minimize losses in case of adverse movements. Conclusion BTCUSDT is at a key juncture between resistance and support zones. Watch for price action near 94,800 USDT to determine the next directional move.
Long
by Max_Pr0fit
Bitcoin at a Crossroads: Will It Break $96K or Pull Back to $90K"Bitcoin's price action remains within a well-defined ascending channel on the 4-hour timeframe, showing a clear structure of higher highs and higher lows. The recent recovery from the lower boundary of the channel highlights strong buyer interest around the $90,000 level, but now the price is approaching a critical inflection point near $96,000. Bullish Case: Potential Breakout Above the Midline If Bitcoin can decisively break above the midline of the channel with strong volume, it would signal a continuation of the bullish momentum. This could pave the way for a rally toward the upper boundary of the channel, aligning with the psychological resistance of $100,000. A clean breakout above this zone might even trigger further upside potential, leading to a retest of higher levels like $105,000 or more. Watch for increasing buy volume and reduced resistance as key signals for this scenario. Bearish Case: Potential Rejection On the flip side, failure to maintain bullish pressure near $96,000 could result in a rejection and a pullback toward the lower boundary of the channel. The key support to watch in this scenario would be the $90,000 level. A breakdown below the channel's support would invalidate the bullish setup and could push Bitcoin toward deeper corrections, possibly targeting $87,000 or even $83,000 as the next significant support levels. Key Levels to Monitor Immediate Resistance: $96,500 (midline of the channel) Major Resistance: $98,000–$100,000 (upper channel boundary & psychological level) Immediate Support: $93,000 (short-term pullback zone) Major Support: $90,000 (lower channel boundary) Indicators & Volume Momentum indicators like RSI and MACD should be closely monitored here. A breakout with overbought RSI might indicate exhaustion, while bearish divergence would support the rejection scenario. Moreover, the trading volume remains critical—any bullish breakout without significant volume could lead to a false breakout, trapping buyers. Market Context It's also important to consider the broader macroeconomic environment. Any significant news—such as regulatory developments, institutional buying, or macroeconomic shifts—could act as a catalyst for Bitcoin's next major move. With the current market sentiment leaning bullish, many traders may remain cautiously optimistic, but risk management is crucial given the volatile nature of the market. In conclusion, Bitcoin is at a decisive moment. Whether it breaks higher or pulls back, this channel structure provides a clear framework for monitoring the next key moves. As always, trade wisely and ensure proper risk-reward ratios in your setups."
by Alireza-Abedi
1
LONG signal MEWUSDT Max Profit 15m TF. $BINANCE:MEWUSDT is forming an ascending triangle on a small timeframe, signaling the potential for an upward breakout. The current price is 0.009481 USDT, and the price is approaching the resistance level at 0.009505 USDT. Volumes are starting to increase near the resistance, confirming buyer activity. Indicators show growing bullish momentum, with support at 0.009200 USDT protecting the current structure. 🔑 Technical Context The ascending triangle formation suggests a breakout above 0.009505 USDT. Rising volumes near the resistance confirm buyer interest. The nearest support level at 0.009200 USDT mitigates the risk of corrections. 🚩 Trading Strategy Entry Point: Consider opening a long position on a confirmed breakout above 0.009505 USDT. Stop-Loss: Place a stop-loss below 0.009200 USDT to limit potential losses. Take-Profit Targets: 0.009700 USDT – the first target for partial profit-taking. 0.009850 USDT – the main target within the ascending trend. 0.010000 USDT – the maximum target based on the breakout projection. 📈 Recommendations Volume Analysis: Monitor for continued volume growth during the breakout. Entry Timing: Wait for a confident close above 0.009505 USDT. Trend Confirmation: Use 5m and 15m timeframes to confirm the continuation of the bullish move. Conclusion $BINANCE:MEWUSDT shows strong potential for an upward breakout. Careful monitoring of volumes and resistance levels provides an opportunity to capitalize on the current market setup.
Long
by Max_Pr0fit
Technical Analysis of the Gold Spot (XAU/USD) Chart (4H Timefram This chart displays key elements such as Fibonacci channels, support/resistance levels, and volume data, highlighting the price's potential movements in both bullish and bearish scenarios. Key Observations: Trend Overview: After a significant downtrend, the price is attempting to recover, with early signs of a potential reversal forming near the $2,608–$2,616 support zone. The descending wedge pattern suggests potential bullish momentum if a breakout occurs. Support Zones: $2,586–$2,590: Major demand zone from which strong buying activity previously emerged. $2,608–$2,616: Current support, acting as a pivot zone for potential bullish continuation. Resistance Zones: $2,655–$2,660: Immediate resistance within the Fibonacci channel's midline and horizontal level. $2,685–$2,690: Key Fibonacci level and major resistance. $2,708–$2,720: Extended resistance zone at the top of the Fibonacci channel. Volume Analysis: Heavy selling pressure is evident (Sell: 265.27K, Delta: 184.58%). However, buyers are defending $2,608, which is critical for a bullish reversal. Fibonacci Channel: The chart aligns with Fibonacci retracement and extension levels, suggesting possible upside targets near $2,685 and $2,720 if the trend reverses. Bullish Scenario: Conditions for a Bullish Move: Price must break and close above $2,655, confirming a breakout from the descending wedge and midline of the Fibonacci channel. Sustained buying pressure must carry price toward higher Fibonacci levels. Entry Points: Aggressive Entry: Enter near the current support zone ($2,608–$2,616) with a stop-loss below $2,600. Conservative Entry: Enter after a confirmed breakout above $2,655, targeting higher resistance zones. Exit Points (Take Profit): First Target: $2,685 (horizontal resistance and Fibonacci level). Second Target: $2,708–$2,720 (major resistance and channel top). Invalidation: A breakdown below $2,600, indicating a continuation of the bearish trend. Bearish Scenario: Conditions for a Bearish Move: Price fails to break above $2,655 and faces strong rejection, maintaining the downtrend structure. A break below $2,608 confirms further bearish momentum. Entry Points: Aggressive Entry: Short near $2,655 if price fails to break this resistance, with a stop-loss above $2,665. Conservative Entry: Short after a confirmed breakdown below $2,608, targeting lower support levels. Exit Points (Take Profit): First Target: $2,586 (key demand zone). Second Target: $2,550–$2,560 (lower Fibonacci zone). Final Target: $2,520 (extended bearish target). Invalidation: A breakout above $2,665 with strong bullish momentum, invalidating the bearish thesis. Key Indicators to Watch: Volume Activity: High selling volume near $2,655 would support the bearish scenario. Increasing buying volume near support levels ($2,608–$2,616) favors the bullish outlook. Descending Wedge Breakout: A confirmed breakout above the wedge resistance signals a reversal and potential bullish continuation. Fibonacci Channel: Watch price action at Fibonacci levels for clues on potential reversals or continuation of trends. Summary of Probable Entry & Exit Points: Scenario Entry Zone Stop-Loss Target Levels Bullish $2,608–$2,616 (Aggressive) or above $2,655 (Conservative) $2,600 $2,685, $2,708, $2,720 Bearish $2,655 (Aggressive) or below $2,608 (Conservative) $2,665 $2,586, $2,560, $2,520 Conclusion: Bullish Outlook: If price sustains above $2,655, expect upside targets of $2,685 and $2,720. Bearish Outlook: A failure to break $2,655 or a breakdown below $2,608 may lead to deeper corrections toward $2,586 or lower. This analysis highlights key levels for trading opportunities while maintaining a clear risk-management approach.
FX:XAUUSDLong
by ProspireWealth
EURUSD ANALYSIS REPORT FOR H4 TIME FRAMEThe chart provided is a 4-hour timeframe of EUR/USD with key technical elements highlighted, such as Fibonacci channels, resistance and support zones, and volume data. Here's a comprehensive analysis, detailing both bullish and bearish scenarios with potential entry and exit points. ________________________________________ Key Observations: 1. Downtrend Channel: o The pair has been trading within a well-defined descending channel marked by red trendlines. o Recent price action is showing attempts to break above the midline of the channel. 2. Support Zones: o 1.0350–1.0400: Strong demand zone where buyers previously stepped in. o 1.0450–1.0475: Current support level where price has bounced recently. 3. Resistance Zones: o 1.0535–1.0550: Immediate resistance within the channel, as indicated by red shaded zones. o 1.0640–1.0655: A higher resistance area aligning with the Fibonacci level and channel top. o 1.0810–1.0830: Major resistance, representing a potential target for a bullish breakout. 4. Volume Analysis: o Delta volume indicates higher selling pressure (-188.43%), suggesting hesitation for an immediate breakout. However, buying interest is noted near the recent lows. 5. Fibonacci Channels: o Price is attempting to move toward the upper region of the channel and align with Fibonacci-based targets. ________________________________________ Bullish Scenario: 1. Conditions for a Bullish Move: o Price must break above 1.0535–1.0550, overcoming the resistance within the descending channel. o A sustained close above the channel would confirm bullish momentum. 2. Entry Points: o Aggressive Entry: Buy near the current level (1.0470–1.0480) with a stop-loss below 1.0440, targeting resistance zones. o Conservative Entry: Enter on a breakout above 1.0535 with a retest confirmation, targeting higher Fibonacci levels. 3. Exit Points (Take Profit): o First Target: 1.0550 (immediate resistance). o Second Target: 1.0640–1.0655 (Fibonacci channel top and horizontal resistance). o Final Target: 1.0810–1.0830 (major resistance and extended target). 4. Invalidation: o A break below 1.0440, signaling that the downtrend remains intact. ________________________________________ Bearish Scenario: 1. Conditions for a Bearish Move: o Price must fail to break above 1.0535 or reverse near the resistance at 1.0550–1.0600. o If the current support at 1.0470 breaks, further downside is expected. 2. Entry Points: o Aggressive Entry: Short near 1.0535–1.0550 if price struggles to break above resistance. Stop-loss above 1.0570. o Conservative Entry: Sell after a breakdown below 1.0450, targeting lower support zones. 3. Exit Points (Take Profit): o First Target: 1.0400 (strong demand zone). o Second Target: 1.0350 (historical support). o Final Target: 1.0300–1.0280 (extended bearish target). 4. Invalidation: o A break above 1.0570, signaling a potential bullish breakout. ________________________________________ Key Indicators to Watch: 1. Volume Activity: o Increased buy volume near 1.0450 could confirm bullish pressure. o Strong sell volume near resistance (1.0535–1.0550) would favor the bearish scenario. 2. Descending Channel Break: o A breakout of the channel and sustained close above 1.0550 could shift the momentum to the upside. 3. Fibonacci Alignment: o Watch how price interacts with the Fibonacci levels within the channel, as it provides targets for both bullish and bearish moves. ________________________________________ Summary of Probable Entry & Exit Points: Scenario Entry Zone Stop-Loss Target Levels Bullish 1.0470–1.0480 (Aggressive) or above 1.0535 (Conservative) 1.0440 1.0550, 1.0640, 1.0810 Bearish 1.0535–1.0550 (Aggressive) or below 1.0450 (Conservative) 1.0570 1.0400, 1.0350, 1.0300 ________________________________________ Conclusion: • Bullish Outlook: A breakout above 1.0535 could lead to a rally toward 1.0640 or even higher. • Bearish Outlook: Failure to break resistance at 1.0535–1.0550 or a break below 1.0450 could resume the downtrend targeting 1.0350 or lower. Traders should closely monitor price behavior around the 1.0535 resistance and 1.0450 support for directional clarity.  
by ProspireWealth