M_Elena321

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...

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...