M_Elena321

M_Elena321 Updated 

This chart shows a trading setup for XAUUSD with key levels: Weekly Resistance: 2,941.00 Support Level: 2,882.00 Trade Setup: A long position seems to be taken from near support, aiming for the resistance level. The trade plan likely involves buying near support (2,882.00) with a stop loss slightly below, and targeting the weekly resistance level...

M_Elena321 Updated 

This chart appears to be a Bitcoin (BTCUSD) setup with a descending triangle pattern that has broken out. The trade setup suggests a long position with a risk/reward ratio of 1.37. Key details: Entry: Around $95,888 Target: $100,000+ (Approx. 4.37% move) Stop Loss: Around $92,800 (Approx. 3.18% move) Risk/Reward Ratio: 1.37 It looks like a breakout strategy...

M_Elena321 Updated 

Gold (XAUUSD) Maintains Bullish Structure Within Ascending Channel Trend: Price is respecting an ascending channel, bouncing off key trendline support. Support Zone: The red highlighted area (~$2,720) acted as a strong demand zone. Key Touchpoints: Multiple bullish rejections at the lower trendline indicate continued buying interest. Potential Scenarios: Price may...

M_Elena321 Updated 

BTCUSD Analysis: Bullish Momentum Emerging BTCUSD has been trading sideways, consolidating within a defined range over the past day. However, a bullish engulfing candlestick pattern has now appeared, indicating strong buying pressure and a potential breakout to the upside. Key observations: Bullish Engulfing Pattern: This pattern suggests a reversal of recent...

M_Elena321 Updated 

This chart represents a rising channel pattern for XAUUSD on a lower timeframe. Key details include: 1. Ascending Channel: The price is consistently moving within the defined upward-sloping parallel trendlines. 2. Breakout Zone: The target level appears to be around 2,781.139, where the price may potentially break above the channel. 3. Current Price: XAUUSD...

M_Elena321

This chart highlights two key patterns in the GBPUSD market analysis, signaling possible trading opportunities: Key Description: 1. Rising Wedge (Bearish Reversal): The chart starts with a rising wedge, where the price consolidates with higher highs and higher lows. This is typically a bearish pattern, often signaling a potential downside breakout, as seen in...

M_Elena321

This chart appears to depict a Head and Shoulders pattern, a classic bearish reversal formation, signaling a potential downward trend. Key Description: 1. Pattern Identification: Left Shoulder: A rise followed by a temporary dip. Head: A higher peak after the left shoulder. Right Shoulder: A rise that doesn't surpass the head, followed by a dip. 2....

M_Elena321

The chart depicts a clear rising wedge pattern, signaling a potential bearish reversal for Gold (XAU/USD). Key Features: 1. Wedge Formation: The price is consolidating within converging trendlines, indicating weakening bullish momentum. 2. Resistance Zone: Sellers are active near $2,754 - $2,760, capping further upside movement. 3. Breakout Potential: A...

M_Elena321

This chart of GOLD (XAUUSD) highlights a key resistance zone (marked in red) that has proven challenging for the price to break. The price is currently testing this ceiling and shows potential for a downward correction. Key observations: Resistance Zone: Around the 2740-2780 area, indicating significant selling pressure. Trendline Support: A strong ascending...

M_Elena321 Updated 

This chart appears to show a trading analysis for XAU/USD (gold) with the following key elements: 1. Ascending Channel: The price is moving within a clearly defined ascending channel, indicating a bullish trend. 2. Key Levels: Support Zone: Highlighted in the shaded region (approx. $2,687–$2,698), suggesting a demand area where the price might rebound if...

M_Elena321 Updated 

This chart shows a technical analysis for XAU/USD (Gold/US Dollar) within an ascending channel. Key elements include: 1. Trend Channel: The price is moving within an upward-sloping channel, indicating a bullish trend. 2. Support and Resistance: Support Levels: Around 2,675.63 and 2,664.53, highlighted in blue zones. Resistance Level: Near 2,719.49 at the...

M_Elena321 Updated 

This chart shows a detailed technical analysis of EUR/USD. Key patterns identified are: 1. Bearish Pennant (red): A continuation pattern formed during a downtrend, which led to a significant bearish breakout. 2. Rising Wedge (green): A bearish reversal pattern observed after a minor bullish retracement, indicating potential for a price decline. 3. Trade...

M_Elena321 Updated 

This chart shows a symmetrical triangle pattern forming in the GBP/USD currency pair. The price is consolidating within two converging trendlines, indicating a potential breakout. Key observations: 1. Support and Resistance: The lower trendline acts as dynamic support, with the price bouncing off it. The upper trendline serves as resistance, capping upward...

M_Elena321

This chart represents an analysis of XAUUSD (Gold/USD) on a trading platform. It highlights a "Head and Shoulders" pattern: Left Shoulder: Formed with an initial price rise and fall. Head: Higher peak in the middle of the pattern. Right Shoulder: A subsequent smaller rise and fall, symmetrical to the left shoulder. The pattern suggests a potential reversal. A...

M_Elena321 Updated 

This chart is an analysis of the XAUUSD (Gold vs. USD) price movement on what appears to be a higher timeframe (likely 1H or 4H). The main components include: 1. Highlighted Zones: Red Zone (Sell Zone): Indicates a supply/resistance area where sellers might be active. The price is testing this area, signaling potential bearish movement or rejection. Green Zones...

M_Elena321 Updated 

This chart shows the XAUUSD (gold) price movement with a clear rising wedge pattern. Key observations include: 1. Rising Wedge Formation: A bearish continuation pattern suggesting potential price breakdown. Price is consolidating within converging upward-sloping trendlines, indicating weakening momentum. 2. Breakdown Target: A potential move downward is...

M_Elena321 Updated 

Discretionary Trading Strategy Market Analysis: Fundamental Analysis: Stay informed about economic indicators, news releases, and events that can impact the market. Technical Analysis: Use chart patterns, support/resistance levels, and technical indicators (like moving averages, RSI, MACD) to identify trends and potential entry/exit points. Trade Setup...

M_Elena321

Discretionary Trading Strategy Market Analysis: Fundamental Analysis: Stay informed about economic indicators, news releases, and events that can impact the market. Technical Analysis: Use chart patterns, support/resistance levels, and technical indicators (like moving averages, RSI, MACD) to identify trends and potential entry/exit points. Trade Setup...