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Wave Analysis

GBP/USD: Possible Triangle Formation (H8)Hi Traders! GBP/USD: Possible Triangle Formation and Growth to 1.31500 On the 8-hour GBP/USD chart, a contracting triangle appears to be forming as wave 4. The pattern is not yet fully completed, but it is in its final stage. If the triangle is confirmed, we could see an upward movement in the pair. The primary target for growth is 1.31500, the 2023 high. A further rise to 1.32600 is also possible, but 1.31500 may act as strong resistance. However, the market is currently influenced by multiple factors, so the scenario depends on the confirmation of the pattern. If the triangle plays out, the British pound may strengthen against the US dollar.
Long
by AUREA_RATIO
Trend Changing Pattern (TCP) ExplainedIntroduction One of the most important skills in forex trading is learning how to read price action and understand what the market is telling you. Price is not just numbers — it’s the collective perception of traders, making it the most reliable leading indicator available. Today, I want to explain a powerful concept known as the Trend Changing Pattern (TCP) — a crucial tool for identifying potential market reversals and shifts in trend direction. 📈 What Is a Trend Changing Pattern? In any trending market, whether it's an uptrend or downtrend, the trend won’t change easily. The strength of the trend and the timeframe you're trading on will determine how long it takes for a true reversal to occur. One key signal of a trend change is a shift in momentum: In an uptrend, when a momentum low forms during a pullback, it can be a sign that the trend is beginning to reverse. In a downtrend, a momentum high during a pullback can signal a potential bullish reversal. These are what we refer to as Trend Changing Patterns (TCPs) — moments where the structure of the market starts to shift. ⚠️ Watch for Manipulation After the TCP After a TCP appears, it's common to see price manipulation before the new trend fully takes hold: In an uptrend, price may return to manipulate the previous high before continuing down. In a downtrend, price often dips to manipulate the previous low before reversing higher. Being aware of this common liquidity grab helps traders avoid being trapped and instead position themselves in alignment with the new trend. 🧠 Final Thoughts Understanding how to spot and interpret a Trend Changing Pattern gives you a major edge in forex trading. It helps you stay ahead of the market and make informed decisions based on price action, not emotion. 🎥 In the video, I go into more detail about momentum highs and lows, and how to recognize these key patterns in real time. Be sure to check it out if you want to sharpen your trend reversal strategy. Wishing you success on your trading journey! 🚀
Education
by Charts247TradingAcademy
BTCUSDT CHART | WEEKLY | DAILY | 4HHello, greetings everyone. First of all, I would like to thank you for taking the time to review my simple analysis as a newbie hehe. As you can see, BTCUSDT, on a weekly chart, is still within an uptrend trendline and is around the lower trendline (support). Meanwhile, BTCUSDT, on a daily chart, is in the Fair Value Gap (FVG) area and can be said to still be in consolidation. For BTCUSDT on the 4-hour chart, it has been in a consolidation phase for the last month of March. In conclusion, I am only analyzing the current market condition, with no intention of an entry. Remember, trading carries risks, and the responsibility is yours; do your own analysis. That's all.
by RCT8
2
SUI Rebuy Setup (12H)After forming a 3D pattern at the top, wave E of a higher-degree pattern has completed. A new leg has formed from the point marked by the red arrow on the chart. It seems that wave E will end in the green zone, followed by a strong upward reversal. Truthfully, there are other support levels above our marked zone, but we have identified the most important one. If the price reaches this level, we can take a safe buy on SUI. This project is one of the strongest in crypto, but we always manage risk. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3
"Euro / British Pound - 45 - FXCM"The chart represents the EUR/GBP currency pair on a 45-minute timeframe, as published on TradingView. ### Key Elements: 1. **Support and Resistance Zones**: - A **support zone** is marked at the lower region around **0.83524**. - A **resistance zone** is drawn at the upper region around **0.83783**. 2. **Entry and Target Levels**: - A **buy signal ("EURGBP Buy Now")** is indicated at approximately **0.83586**. - The price is expected to move upward, targeting **0.83783**. 3. **Trade Projection**: - The chart includes an upward price projection, indicating a bullish move. - The price action suggests a breakout from the support zone, aligning with an expected upward trend. 4. **Risk-to-Reward Ratio**: - The green shaded area represents the **profit target**. - The red shaded area indicates the **stop-loss zone**, below the support level. 5. **Current Price**: - The current price of EUR/GBP is **0.83596**, as seen in red. This chart suggests a bullish trade setup where the price is expected to rise toward resistance after bouncing from support.
Long
by Michael-trades-
SILVER Will Go Higher! Buy! Please, check our technical outlook for SILVER. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 3,378.2. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 3,425.6 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:XAGUSDLong
by SignalProvider
1
AUDUSD Will Move Lower! Sell! Take a look at our analysis for AUDUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.630. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.618 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Bitcoin Falling WedgeBitcoin (BTC/USD) Daily Chart Analysis – April 2, 2025 Market Structure & Pattern: Bitcoin is currently trading around $84,346, experiencing a slight decline of -0.97% for the day. The chart shows a falling wedge pattern, a potential bullish reversal structure. A breakout above the upper trendline could signal upward momentum. Key support at $74,400, marked by a strong horizontal level. Major resistance near $100,000 - $105,000, where sellers may become aggressive. Potential Scenarios: Bullish Breakout: If BTC breaks above the falling wedge resistance, the next target would be $100,000 - $105,000. Confirmation would come with increased volume and a break above $90,000. Bearish Breakdown: Failure to hold the $74,400 support could result in a decline towards $55,000 - $50,000, a historical demand zone. RSI (Relative Strength Index) is at 47, near the neutral zone, meaning BTC is not yet in oversold territory. Key Levels to Watch: Resistance: $90,000 → $100,000 - $105,000 Support: $74,400 → $55,000 - $50,000 Breakout confirmation: Above $90,000 Breakdown confirmation: Below $74,000 Trading Strategy: Long entry: If BTC breaks and closes above $90,000, targeting $100,000+. Short entry: If BTC loses $74,400 support, targeting $55,000. Conclusion: The falling wedge suggests a potential breakout, but BTC needs to clear $90,000 for bullish confirmation. The RSI is neutral, indicating BTC is neither overbought nor oversold. Monitor volume for breakout confirmation.
BITSTAMP:BTCUSD
by Forexbeats
Has gold entered a downward channel?Gold ended its continuous rise. The daily chart was blocked and fell back, falling to 3100. Technically, the gold price is still above 3078/3095 of MA7 and 5-day moving average. At the same time, MA10/7-day moving average still remains open upward, and the price is running on the upper track of the Bollinger Band. The short-term four-hour moving average narrowed, and the price was running near the MA10-day moving average at 3123. The price retreated to the middle track of the Bollinger Band at 3101/3104. The RSI indicator turned downward after touching the overbought value above 80 yesterday. The hourly moving average is glued together, and the price returns to the middle and lower tracks of the Bollinger Band. Gold is expected to continue to expand its operating range during the day. It is recommended to buy at a low level after the correction and be cautious in chasing the rise. Consider selling after the key resistance level or historical high. Once Trump's tariff policy is implemented, pay attention to the high and low prices in the gold and silver market, which may usher in a substantial downward adjustment. On the contrary, if Trump continues to announce new tariff policies on the basis of the original tariff policy, gold needs to pay attention to triggering risk aversion and causing a sharp rise or a record high again. Gold surged higher in the US market yesterday and is stagnant. Bulls are under short-term pressure and may enter an adjustment cycle. In the short-term, gold is expected to fall and adjust! Yesterday, gold rose first and then fell, rising to 3149 and then falling. The European market fluctuated narrowly. From the technical indicators, the 2-hour moving average has formed a dead cross, MACD dead cross and large volume, and the Bollinger band closed. The US market continued to decline after the shock, and currently fell below the 3120 intraday watershed. In the short term, it means that the bulls have temporarily come to an end and started to retrace and adjust. After yesterday's retracement, today's Asian market quickly rose to 3135.7. With the increase in volume on the hourly chart, it corrected the decline with 3150 as the high point. The fluctuation range was large and the adjustment speed was fast. The current position is too risky to chase the rise. Although shorting is against the trend, the implementation of technically overbought tariffs will also be realized, and there will be more room for profit-taking and downward adjustments. Buying and selling opportunities coexist. Key points: First support: 3115, second support: 3102, third support: 3093 First resistance: 3138, second resistance: 3150, third resistance: 3200 Operation ideas: Buy; 3110-3113, SL: 3102, TP: 3140-3150; Sell; 3143-3145, stop SL: 3154, TP: 3120-3110;
TVC:GOLDShort
by Jun-GoldAnalyst
GBPNZD Approaching Key Resistance ZoneGBPNZD Approaching Key Resistance Zone The 4-hour chart shows that GBPNZD is forming a large megaphone pattern. This pattern's resistance line could trigger selling pressure, leading to a potential price drop from the current zone. Keep an eye out for signs of a reversal and watch the support levels where the price might react. Key areas to monitor: 2.2670, 2.2560, 2.2445, and 2.2200. PS: Be careful as this is a counter trend trade. Very risky overall You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
10
GBPNZD Will Grow! Long! Here is our detailed technical review for GBPNZD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2.253. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.277 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
BITCOIN - Long Trade Update - Third-of-a-Third Wave Incoming...In this video, I share an update on the developments I've observed since yesterday as we prepare for a move higher in a third-of-a-third wave. As price movements become smaller and sharper at lower degrees, identifying the correct count becomes more challenging. That’s why I always consider bearish alternatives and play devil’s advocate. However, at the moment, I don’t see any conflicting signals, so it’s just a matter of waiting for the next upward thrust to begin from here.
Long
by AriasWave
HMSTR New Update (8H)This analysis is an update of the analysis you see in the "Related publications" section It now appears to be in the large wave F of a Diametric pattern. Currently, it seems to be in wave C of F, which is a bullish wave. We expect it to move from the green zone to the red zone and then get rejected downward. A daily candle close above the invalidation level will invalidate the bearish setup. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
Liquidity Grab Ahead? Why TRX (Tron) May Retrace Soon TRX (Tron) is currently trading near a significant resistance zone, aligning with the upper boundary of a descending channel on the 4-hour timeframe 📉. This area is likely to hold liquidity in the form of buy stops resting above the previous range highs. Given the broader downtrend and the strong resistance overhead, the price may retrace as it taps into this liquidity pool. This setup presents a compelling short opportunity, with the expectation that TRX will reject this level and move lower, targeting support zones below. Traders should remain cautious and monitor price action closely for confirmation before entering a position ⚠️. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves significant risk, and you should consult with a financial advisor before making any investment decisions. Always trade responsibly! 🚨
Short
by fxtraderanthony
GOLD → The rally is intensifying. Growth after false breakdownFX:XAUUSD is breaking upwards and is trying to consolidate above the previous high of 3127 as part of a correction. This would be an ideal support for the bulls. The rally, on the background of political and geopolitical problems only intensifies Tariff escalation pushes up gold demand. Trump rejected the idea of lowering tariffs and the Treasury Secretary named a list of 15 countries that fall under the new measures. This has caused the dollar to weaken and fears of stagflation to rise, boosting demand for gold as a protective asset. Central banks and investors continue to build positions in gold, but corrections are possible before the tariffs announcement on April 2 and the release of U.S. economic data Technically, we have a strong bullish trend, it is risky to sell, we are looking for strong areas or levels to buy. For example, if the price consolidates above 3127, or after a false breakdown of 3119 / 3111 Resistance levels: 3147, 3155, 3166 Support levels: 3127, 3119, 3111 Before the continuation of the growth there may be a correction to the key support areas to normalize the imbalance in the market as well as to capture the liquidity. Consolidation above the level after a false breakdown will be a good signal for growth. But! News ahead and high volatility is possible! Regards R. Linda!
FX:XAUUSDLong
by RLinda
15