SRA_Trades

SRA_Trades Updated 

Algorand has broken through a key resistance at 0.3300. This signals the start of a new bullish trend on the weekly timeframe. Currently, the price is moving within the buying zone of an Andrews Pitchfork, which presents a potential setup for buyers. The ideal strategy is to wait for a retracement towards the median line before considering long positions. This...

SRA_Trades Updated 

The symmetrical triangle pattern is a consolidation phase. It reflects indecision in the market, as both buyers and sellers lose momentum. Research shows that most breakouts happen around 61.8% to 78.6% of the triangle’s total formation time. You can spot this timing range using Fibonacci ratios. Key considerations: Timing matters. If the price breaks out too...

SRA_Trades Updated 

I'm watching EURGBP on the weekly timeframe as it approaches a strong support zone between 0.8200 and 0.8275 . The pair is currently in a corrective trend, signaling potential upside movement once the correction completes. The support zone has historically held well, indicating a potential rebound. My stop-loss is placed at a weekly close below 0.8140 to protect...

SRA_Trades

Overview: This weekly chart for Block, Inc. presents a high-potential buy opportunity. A well-defined Head and Shoulders pattern is forming, indicating a likely trend reversal. I’m waiting for a confirmed breakout above the Neckline for entry. Technical Insights: The MACD shows regular bullish divergence, reinforcing the setup's reliability. Additionally, with...

SRA_Trades Updated 

I am looking to short gold by comparing and simulating the previous impulsive trend, expecting a similar price and time structure. Price is approaching key Fibonacci levels between 2815 and 2830, which coincide with a potential reversal zone from the recent bullish leg. Before entering the trade, it's crucial to wait for clear confirmation, such as a strong...

SRA_Trades Updated 

I'm currently observing a bullish opportunity on gold with a descending channel formation on the H4 chart. A breakout above the channel could signal a strong reversal, providing a potential long entry. Trade Setup: Timeframe: H4 Entry: On a confirmed breakout above the descending channel Targets: First target at the 127.2% Fibonacci level (2707) Second...

SRA_Trades Updated 

I’m looking to buy GBPUSD on a breakout from a bullish falling wedge pattern, spotted on the H2 timeframe. The MACD indicator shows regular divergence (RD), signaling weakening bearish momentum. This divergence indicates potential reversal, supporting the breakout. Trade Setup: Pattern : Bullish Falling Wedge Timeframe: H2 Entry: Upon confirmation of the...

SRA_Trades Updated 

I'm seeing a potential short setup on gold with a Butterfly pattern forming on the H4 chart. The key D point is at the 127.2% Fibonacci extension, indicating a likely reversal zone. Additionally, the MACD shows regular bearish divergence (RD), suggesting weakening bullish momentum, which aligns with the potential for a downside move. Trade Setup: Pattern...