Ryantungle

Ryantungle

Day trade with Short XAUUSD Entry : 2618 - 2620 STL : 2623 TP : 260x - 259x

Ryantungle

Market Structure & Setup: Trend: The chart shows a pullback after a recent bullish run. You're planning to buy into this pullback at a lower level, aiming to capitalize on a continued upward move. Key Levels: Entry Zone (around 2,555–2,558 USD): You plan to enter a buy position near this area, expecting it to act as strong support after the...

Ryantungle

Looking at the chart for **Bitcoin (BTC/USDT)**, here’s a breakdown of the analysis: ### 1. **Market Structure:** The chart shows a series of **consolidation ranges**, marked by the purple boxes, with the price moving between these ranges over time. These ranges suggest that the market is in a sideways, ranging phase, with clear support and resistance levels...

Ryantungle

1. Market Structure: The pair has been in a strong downtrend, as seen from the descending trendline marked in blue. However, the price is approaching a key support level (marked by the purple horizontal line), which seems to be holding for now. This could indicate a potential reversal or bounce from this support zone. 2. Trade Setup: Buy Opportunity: You’re...

Ryantungle

1. Market Structure: The chart shows GBP/JPY in a bearish trend, which is apparent from the price's decline over the past few weeks. The price seems to be approaching a potential support zone, as indicated by the horizontal lines. You are likely considering either a potential bounce from this level or a continuation of the bearish trend. 2. Trade Setup: Buy Plan...

Ryantungle

This week, my outlook on AUD/USD is bullish. I'm looking to place a buy order around 0.66875, as this level appears to be a strong support zone. My stop loss is set at 0.6618 to manage downside risk in case of a reversal. For the take profit, I aim to exit around 0.68090, which aligns with a key resistance level. Given the market conditions, this plan may take...

Ryantungle

Sell at 2590 (Resistance): As price approaches the resistance level, I plan to sell expecting a potential reversal or pullback. Buy at 2560 (Support): If the price retraces, this would be an ideal re-entry point, as it represents a support level where the price has previously found stability. For the Sell Trade: Risk (Stop Loss): If the entry is at 2590 and the...