M_Elena321

M_Elena321 Updated 

The chart suggests a potential bullish breakout for XAUUSD. Here's the analysis based on the image: 1. Chart Pattern: The price appears to be consolidating within a descending wedge, a bullish pattern signaling a potential upward breakout. 2. Entry Point: Wait for a clear breakout above the wedge's resistance before entering a buy position. 3. Target: The...

M_Elena321

The trade setup suggests: Action: Sell at 2658 Take Profit: 2640 Stop Loss: 2669 This is a short position targeting a decline. Please ensure your risk management is in place before executing the trade. Would you like help with additional analysis or strategy?

M_Elena321

This chart depicts an inverse head-and-shoulders pattern, a bullish reversal signal, alongside a rising channel. Here’s a breakdown of the potential strategy based on the chart: Key Observations: 1. Inverse Head and Shoulders: Left Shoulder: Initial peak followed by a decline. Head: Deeper low at "TOP 2." Right Shoulder: Higher low compared to the head,...

M_Elena321

Analysis of the Rising Wedge Pattern Pattern Identification: The chart features a rising wedge pattern characterized by two upward-sloping trendlines that converge over time. This pattern usually signals a potential reversal, particularly when it appears after a strong uptrend. Recent Price Action: The price has recently approached the upper trendline of the...