Here’s a detailed breakdown. Of course, those fully engaged in trading will understand this right away. Basically, when the price reaches the D point zone (ABCD pattern), we start looking for a short setup. Most likely, the price will move toward the projected target zone — and that’s what we’re aiming for.
For those who are impatient, there are also two...
This involves working with a stop order. If the market moves towards the target, ignoring the stop order, then there is a profit, but if, on the contrary, the market goes long, based on the current military-political situation, then there is no loss. The profit in the ratio of 1:2 is probably not bad.
Let's wait and see what happens. Most likely, the price will bounce back from the above levels. From whatever level, if the candlestick leaves a shadow without breaking with the body, you can enter the sell from here.
In the current situation, a short-term trend line break has been observed. Currently, it is possible to open short long positions up to the above zone, but this is very risky. If the price breaks through the zone with a strong impulse and retests it, then the trend will continue. If there are no strong influencers due to the fundamental and political situation,...
In the long term, price consolidation at almost the same distance, and as a result, the creation of a “head and shoulders” figure, although not ideal, in the medium term it is necessary to open a long position to the level indicated above.
An incomplete Head and Shoulders pattern appears to be forming, along with a prolonged consolidation. It can be assumed that if the price breaks above the consolidation range with a candlestick close and confirms with a retest, a strong upward movement may be expected. However, if there are any significant fundamental shifts in the market, the opposite scenario may occur.
A diamond pattern has formed earlier in the chart, followed by a breakout of the upper boundary. If the breakout is confirmed by a candlestick body close above the diamond and then retested, a limit buy order can be placed after the retest. This sets up a primary long position with the expectation of reaching the take profit (TP) in the upward direction.
However,...
Falling wedge formation (or triangle):
The upper boundary is the resistance line connecting the lower highs.
The lower boundary is the support line running along the local lows.
The wedge is narrowing - a classic sign of potential volatility compression before the exit.
Three touches of the lower boundary (orange circles):
This confirms the strength of the support...
Gold (XAU/USD), 4H chart setup:
🔍 Technical Analysis:
1. Downtrend Channel (Past Price Action):
The chart shows a clearly defined descending channel (two white trendlines).
Price respected the channel structure until a bullish breakout occurred.
2. Breakout Confirmation:
Price broke above the upper boundary of the descending channel.
This breakout suggests a...
(EUR/JPY 1H Chart):
1. Previous Uptrend (Left Side):
The price was previously moving within a well-defined ascending channel (marked by white parallel lines).
Eventually, the price broke below the ascending channel, signaling a potential trend reversal.
2. Downtrend Phase (Middle Section):
After breaking out of the bullish channel, the price entered a descending...
