FaithdrivenTrades

FaithdrivenTrades

📉 Bearish Bias ✅ Broken Trendline & Support - Downtrend confirmed with multiple support breaks. (+2) ✅ Fair Value Gap (FVG) Resistance at 0.89998 - Price may struggle to break through. (+2) ✅ Potential Lower High (LH) Formation - If price rejects FVG, further downside likely. (+1) ✅ Possible 4HR Trendline Breakdown - Could accelerate selling momentum. (+1) 🔻...

FaithdrivenTrades

📉 Bearish Bias ✅ Weekly Lower Breakout Confirmed - Price broke key weekly support, signaling a bearish trend. (+2) ✅ Recent 1HR Support Broken - Short-term weakness confirms continuation potential. (+2) ✅ Pullback Zone at 1.03843 - 1.03984 - A retest of this area could provide a selling opportunity. (+1) ✅ Bearish Fibonacci Confluence - 0.618 level at 1.03740...

FaithdrivenTrades

📉 Bearish Bias ✅ Break of Key Support Zone - BTC has lost previous daily support, turning it into resistance. (+2) ✅ Fair Value Gap (FVG) Resistance - Price rejected at FVG, signaling bearish continuation. (+2) ✅ Lower High (LH) Formation - Price struggling to push higher, forming a potential sell zone. (+1) ✅ 4HR Trendline Below Price - If broken, downside...

FaithdrivenTrades

📉 Bearish Bias ✅ Major Resistance at 150.734 - Price testing a key resistance, potential rejection. (+2)✅ Possible Head & Shoulders Formation - Bearish structure indicating a possible reversal. (+2)✅ Possible Lower High (LH) at Resistance - If price fails to break above 150.734, a downtrend continuation may occur. (+1)✅ Breakout Below Daily Trendline Would...

FaithdrivenTrades

📉 Bearish Bias ✅ Break of 1HR Trendline - Price has broken key trendline support, confirming a bearish move. (+2) ✅ Break of 1HR & 4HR Support - Key levels have failed, indicating sellers in control. (+2) ✅ FVG (Fair Value Gap) Resistance - Price may retest FVG before further decline. (+1) ✅ Lower Highs Forming - Market structure suggests continuation to the...

FaithdrivenTrades

📉 Bearish Bias ✅ Rejection at 4HR Resistance - Price failed to break above 1.27150, signaling selling pressure. (+2) ✅ Short-term Lower Highs - Market structure showing weakness with minor lower highs. (+1) ✅ Potential Breakdown of 1HR Support - If support at 1.26086 fails, further downside likely. (+1) 🔻 Total Bearish Score: 4 📰 Sources: Resistance & Price...

FaithdrivenTrades

XAU/USD (Gold) - Technical Analysis & Market Sentiment 📉 Bearish Bias ✅ Moving Averages (50MA & 200MA) - Price is trading below key MAs, indicating downward momentum. (+2) ✅ Breakout & Retest Setup - Price has broken key support levels, suggesting further downside. (+2) ✅ Fair Value Gap (FVG) Resistance - Price rejected at FVG, confirming selling pressure....

FaithdrivenTrades

📉 Bearish Bias ✅ Moving Averages (50MA & 200MA) - Price is below key MAs, signaling a downtrend. (+2) ✅ Daily Trendline Resistance - Price remains below the descending trendline. (+2) ✅ 4HR Support Holding - Weak price movement near support, indicating possible breakdown. (+1) ✅ Momentum Weakness - Lack of strong bullish candles suggests sellers are in control....

FaithdrivenTrades

📉 Bearish Bias ✅ Moving Averages (50MA & 200MA) - Price is below key MAs, signaling a downtrend. (+2) ✅ MACD - Histogram below the signal line, confirming bearish momentum. (+1) ✅ Parabolic SAR - Dots above price action, indicating a downtrend. (+1) ✅ Range Consolidation - Price stuck in a tight range, showing weak bullish momentum. (+1) 🔻 Total Bearish Score:...

FaithdrivenTrades

📉 Bearish Bias ✅ Moving Averages (50MA & 200MA) - Price is below key MAs, signaling a downtrend. (+2) ✅ MACD - Histogram below the signal line, confirming bearish momentum. (+1) ✅ Parabolic SAR - Dots above price action, indicating a downtrend. (+1) ✅ Donchian Channel - Price near the lower band, reflecting selling pressure. (+1) ✅ Head & Shoulders Pattern -...

FaithdrivenTrades

🔍 Market Overview The EUR/USD pair is showing bullish momentum after bouncing from key support at 1.04520 - 1.04720. Price action across multiple timeframes suggests an upward push if it sustains above these levels. Short-Term (15m Chart): Recovering from a local low at 1.04589, showing initial signs of strength. Mid-Term (1H Chart): Price holding above key...

FaithdrivenTrades

AUD/USD is testing a major support zone around 0.632, where buyers could step in for a potential bounce. However, if support breaks, I might close early to avoid downside risk. 🔹 Trade Setup: ✅ Entry: Near 0.632 - 0.631 (Support Zone) 🎯 Profit Target (Blue Zone): 0.640 - 0.641 🛑 Stop-Loss (Yellow Zone): Below 0.631 🔹 Market Outlook: 📊 Bullish Bias (Conditional)...

FaithdrivenTrades

NZD/CHF is currently bouncing off a strong support zone, making it a potential long opportunity if buyers step in to defend this level. 🔹 Trade Setup: ✅ Entry: Near 0.510 - 0.511 (Support Zone) 🎯 Profit Target (Blue Zone): 0.517 - 0.518 🛑 Stop-Loss (Yellow Zone): Below 0.509 🔹 Market Outlook: 📊 Bullish Bias – Price is reacting to a well-established support zone....

FaithdrivenTrades

EUR/AUD has made an extended move higher, approaching a key resistance zone. Similar to GBP/CAD, I’m looking for a short entry on a test of daily resistance, anticipating a potential rejection. 🔹 Trade Notes: 📊 The pair has shown strong upside momentum, but price is nearing an area where sellers have previously stepped in. ⚠️ With risk sentiment stabilizing (as...

FaithdrivenTrades

GBP/CAD has been in an extended move higher, breaking last week’s short setup. Now, I’m looking for a short entry on a test of daily resistance, expecting a potential pullback. 🔹 Trade Notes: 📊 The pair has rallied significantly, and price is approaching a key resistance zone where sellers may step in. ⚠️ A strong upper wick on the VIX Daily Candle suggests risk...

FaithdrivenTrades

EUR/NZD has reached a strong resistance zone around 1.840 - 1.849, where sellers may step in. I've entered a short position, expecting a potential rejection from this level. 🔹 Trade Setup: 🔻 Entry: Near 1.837 - 1.840 (Resistance Zone) 🎯 Profit Target (Blue Zone): 1.830 - 1.817 🛑 Stop-Loss (Yellow Zone): Above 1.840 🔹 Market Outlook: 📊 Bearish Bias – This level...

FaithdrivenTrades

AUD/CAD has reached a key resistance zone around 0.908 - 0.909, aligning with previous highs and the 200-day moving average. I’ve entered a short position, anticipating a potential rejection from this level. 🔹 Trade Setup: 🔻 Entry: Near 0.908 - 0.909 (Key Resistance) 🎯 Profit Target (Blue Zone): 0.903 - 0.902 🛑 Stop-Loss (Yellow Zone): Above 0.909 🔹 Market...

FaithdrivenTrades

NZD/USD is currently testing trendline support around 0.572, and I’ve entered a long position with a defined risk-reward setup. 🔹 Trade Setup: ✅ Entry: Near 0.572 (Trendline Support) 🎯 Profit Target (Blue Zone): 0.5804 - 0.5814 🛑 Stop-Loss (Yellow Zone): Below 0.567 🔹 Market Outlook: 📊 Bullish Bias – As long as the trendline holds, we could see a push toward the...