Profx001

Profx001 May 1

Price has tapped into a strong demand zone around 3,218 – 3,233, showing signs of a potential bullish reversal. After a sharp decline, buyers are stepping in, indicating possible upward momentum. Trade Setup: • Entry: Around 3,233 • Stop Loss: Below 3,218 • Take Profit: Targeting the 3,293 – 3,295 resistance zone • R/R Ratio: Approximately 1:2+ Structure...

Profx001 Apr 30

📈 BTC/USD Intraday Buy Setup • Entry: $94,100 (current market price) • Stop Loss (SL): $93,100 • Take Profit (TP): • TP1: $95,100 • TP2: $96,100  Risk-to-Reward Ratio: 1:2 ⸻ 🧠 Trade Rationale 1. Institutional Supply and Demand Zones: BTC/USD is consolidating above a significant demand zone between $92,000 and $93,000, indicating potential institutional...

Profx001 Apr 30

Gold hit a key supply zone near 3334.80 and reacted with a sharp reversal. The price rejected this level strongly, confirming bearish pressure. A short position was executed around 3324.98, and the market quickly moved in favor of the trade. The setup was based on: • A clear supply zone and price rejection • Bearish structure with lower highs • High...

Profx001 Apr 30

GBP/JPY has surged into a key resistance zone around 191.200, where price has previously reacted strongly. A rising wedge pattern and bearish rejection candle suggest a potential reversal is underway. I’ve entered a short position at 191.046, anticipating a drop back toward the 189.900 demand zone. This setup offers a clean 1:3 risk-to-reward with confluence from...

Profx001 Apr 30

This is a bullish setup on EUR/USD following a clean rejection from a key support zone around 1.13500. Price action shows a breakout from a descending wedge, with a retest confirming support. Entry is taken at 1.138xx with a stop loss just below the structure at 1.13516. Target is set near the 1.1515 resistance zone, offering a solid risk-to-reward ratio. Key...

Profx001 Apr 30

Price tapped into a key supply zone around 3,330–3,335 and showed immediate rejection. Entry was taken at the retest with a tight stop above the zone. Targeting the previous demand area near 3,293, and the bearish momentum followed through perfectly. Patience paid off — textbook supply zone reaction on the 45m chart!

Profx001 Apr 29

After testing a key resistance zone around 3,328–3,334, gold saw a sharp rejection, confirming bearish control. Price retraced aggressively, reaching the 3,293 level before consolidating. Short setup played out with clean risk-to-reward. Watching for a potential continuation or reversal at this consolidation zone. Stay sharp!

Profx001 Apr 29

Price is retracing into a key demand zone near 1.1350–1.1360 after a sharp move up. This area also coincides with a prior high-volume node (POC) on the market profile, suggesting significant past accumulation and potential for a reaction. Market Profile Insights: • A clear value area developed between ~1.1350 and ~1.1385, showing strong acceptance. • The...

Profx001 Apr 29

Price played out beautifully! Gold tapped into the 3,366 supply zone, showed classic distribution, and dumped hard — just as projected. Clean rejection confirms the zone’s strength. Next stop? Eyes on the 3,240 demand zone. Patience pays when price respects the plan!

Profx001 Apr 28

Gold is approaching a key resistance zone near 3,366. A breakout above could trigger bullish momentum towards 3,380+, while failure to hold may cause a sharp rejection back toward the major demand zone near 3,240. Watching closely for consolidation or fakeouts in the highlighted area. Stay alert — big move loading!

Profx001 Apr 28

EUR/USD is currently consolidating within a symmetrical triangle, indicating potential for a strong breakout. Price action has tightened, and a decisive move is expected soon. • Bullish Scenario: A breakout above the triangle resistance could trigger a move toward the key resistance zone at 1.15183. • Bearish Scenario: A breakdown below the triangle support may...

Profx001 Apr 28

Price action on GBPJPY is currently respecting a key demand zone around 190.00. After a strong bullish impulse and a corrective pullback, the pair is now showing signs of continuation. The volume profile shows significant accumulation below, supporting the idea of a strong base for further upside movement. Additionally, the latest Commitments of Traders (COT)...

Profx001 Apr 25

Description: GBPJPY has broken structure and is respecting the ascending trendline with strong bullish momentum. Price is currently pushing higher but may retest the demand zone around 189.800 – 190.100 before launching toward the 195.000+ supply area. Volume profile shows heavy accumulation below, adding confluence to the potential bullish continuation. Trade...

Profx001 Apr 25

Price has tapped into a strong demand zone around 3,298 – 3,306 after a sharp pullback. Clear bullish rejection suggests potential for a reversal. With a tight stop below 3,269 and a high RR target at 3,481, this setup offers a clean long opportunity. This area aligns with previous structure and order flow – expecting buyers to step in strong. Let’s see if...

Profx001 Apr 24

Dogecoin (DOGE/USDT) just broke out of a textbook falling wedge, setting the stage for a potential 173% rally. The breakout comes with rising volume and reclaimed support, pointing to a bullish trend reversal. Technical Highlights: Pattern: Falling Wedge (Bullish Reversal) Breakout Zone: ~$0.18 Support Levels: $0.143 and $0.16 Target Price:...

Profx001 Apr 24

BTC has pulled into a well-defined demand zone with a strong bullish reaction, forming a clean long setup with a favorable risk/reward. The trade aligns with previous support structure and high-volume areas on the left. What strengthens this setup is the COT report (13-period average), which shows a steady increase in long positioning from institutional traders...

Profx001 Apr 24

Gold is showing strong bullish structure on the 2-hour timeframe after rejecting a key demand zone around $3,296. Price has respected this area multiple times, confirming active buyer interest. Momentum is building for a potential breakout toward the $3,480 region. Adding to the technical confluence, the latest COT report shows increased long positions by...

Profx001 Sep 7, 2024

#Bitcoin is holding above the 54k support level. As long as we remain above this level, we're in a good position. However, if BTC breaks below 54k, the next support is around 42k.