Tommykamo
🔍 30-Min Timeframe | Volume Profile | Risk-Reward Analysis 🔹 Short Position Idea 🔻 Entry: $3,393.83 🔻 Stop Loss: $3,402.14 (above recent value area high) 🔻 Take Profit: $3,359.88 (prior HVN support area) 📉 R:R ≈ 3:1 🔸 Context: Price rejected the upper volume node and failed to break the prior high. Strong selling pressure followed by a pullback to a low-volume...
🕒 30-Minute Chart | 🗓️ June 12, 2025 Gold is trading within a well-defined ascending parallel channel, respecting both upper and lower bounds consistently. Currently, price has: 🔹 Rejected the upper boundary of the channel. 🔹 Formed a possible double-top or liquidity sweep, suggesting a potential short-term top. 🔹 Entered a supply zone, marked in red, where...
📊 Trade Setup Summary 🔁 Market Structure A clear downtrend is visible, confirmed by the descending trendline and lower highs/lows. Price recently broke below support (structure level), triggering a strong bearish move. A double-bottom or liquidity sweep seems to be forming at the recent lows near 3,299. ✅ Buy Setup Entry Area: Around 3,318.42 (current...
📊 Chart Elements Breakdown ✅ Trade Setup Buy Entry Zone: Around 0.60385 Stop Loss (Red Zone): Below 0.60163 Take Profit (Green Zone): Near 0.60795 Risk/Reward Ratio: Roughly 1:2, showing a favorable setup 📈 Indicators & Tools Used 1. Volume Profile (Visible Range) Displays where the most trading activity (volume) occurred in each session. You’ve marked...
I'm looking at a potential bullish breakout trade on Bitcoin. Here's the breakdown of my idea: 📊 Context & Structure Price has broken out of a consolidation zone after reclaiming a prior high-volume node (visible from the Volume Profile on the left). We see a clear ascending triangle forming, suggesting bullish continuation. Volume profile shows strong support...
Analysis: On the USDJPY 30-minute chart, we're observing price action that suggests a potential continuation of the bullish trend after a recent pullback. Applying "Smart Money Concepts" to our analysis, here's what we're seeing: Previous Structure Break & Bullish Order Flow: Looking left, we can see that price has recently broken significant previous highs,...
Gold (XAU/USD) is currently trading within a well-defined descending channel, and the structure suggests further downside movement is likely. 🔍 Technical Highlights: Price has consistently rejected the upper boundary of the channel. Currently trading near $3,295, facing resistance at $3,310–$3,340 zone. Key Fibonacci level (0.618) at $3,261.91 is under...