? Timeframe: 1 Hour ? Pair: EUR/GBP ? Entry: 0.86129 ? TP (Take Profit): 0.84807 ? SL (Stop Loss): 0.86565 ? Risk-Reward: ~1:3.2 ? Trade Idea: This is a Fib-based reversal setup following a strong bearish leg. Price retraced back into a key supply zone, lining up perfectly with: ? 61.8% - 88.6% Fib Retracement ? Prior structure resistance ? Bearish reaction from 0.86626 high ? Key Levels: Fib Retracement Zone: 0.86079 – 0.86463 Major Resistance: 0.86626 (Previous high) Key Support/TP Zone: 0.84807 (-27% Fib Extension) ? Trade Execution: ? Entered short at 0.86129 ? Targeting the extension zone near 0.84800, which aligns with the projected bearish continuation move. ? SL just above 88.6% Fib and structure at 0.86565
Bitcoin shed -2.46% today, reversing sharply lower from the top of its descending channel and the 50-day SMA, reaffirming resistance just below $88,700. The rejection puts focus back on the 200-day SMA and mid-channel support. ? Price remains firmly inside the falling channel ? MACD is flattening below zero — no bullish crossover yet ⚖️ RSI sits at 44 — modest bearish momentum without being oversold If price breaks below $79,000, eyes may turn to the lower channel boundary near $72,000, and eventually the long-term trendline closer to $68,000. Momentum is weak and trend pressure remains tilted downward unless bulls can reclaim the 50-day SMA and break out of this channel decisively. -MW
The euro jumped +1.66% on the day, decisively clearing the key 1.0940 resistance level with a powerful bullish candle that now opens the door to a retest of the August 2024 high near 1.1200. ? MACD remains in bullish territory, reaffirming upward momentum ? RSI is climbing near 69, approaching overbought but not flashing reversal yet ? Price now trades well above the 50-day and 200-day SMAs, both rising Momentum is clearly in the bulls' favor. As long as EUR/USD holds above 1.0940, pullbacks may be seen as buying opportunities ahead of a potential break toward 1.1200. Trend shift confirmed. Bulls back in charge. -MW
Gold surged +1.43% to close at $3,126.77, delivering a strong bullish engulfing candle after bouncing off both the trendline and 50-day SMA support zone near $2,960. ? MACD is curling back higher, hinting at a bullish momentum reset ? RSI sits at 63.40, supportive of continued upside without being overbought ? Key higher low structure remains intact above the trendline The rejection of lower prices and follow-through strength reinforce the bull trend. Unless the price breaks below $2,960, buyers remain firmly in control. Momentum was tested—and it passed. The bull trend remains intact. -MW
Boinged off red support and imho bull flag Not financial advice
Getting back to one of our TAs, we are still pretty far from our desired zone for Dogecoin, where we are looking for a further dip to happen before seeing a proper upward movement. Now we see there is a selling pressure and we see a good chance of our lower zone being reached, so there might be an opportunity to short until that zone! Swallow Academy
It makes more sense on the 5min. My view for Nyam /NY PM continuation to the prev daily highs. Ob in discount price, also align with OTE This is my view and not a signal... UJ yesterday delivered 170+ pips my focus is UJ and GN for the rest of the week This isnt a signal but a pov on how i interoret price + patience for buyside and sell side. i'll wait mss on lower tf before anything enjoy your weekend
Technical analysis of BTC contract on April 10: Today, the large-cycle daily level closed with a big positive line yesterday. The K-line pattern was single negative and single positive. The price stood above the MA5 daily average line, but the attached indicator was dead cross. A single rise is difficult to become a trend and difficult to continue. In addition, when the large trend is still weak, there is no room for rise, so the current trend can only be regarded as a correction trend; from the four-hour chart, the current K-line pattern is continuous negative, and the pressure high point after the pullback is 83,600 area, and the price has not broken the correction high point position of the previous stage-by-stage decline. This is very obvious. The current K-line in the short-cycle hourly chart is continuous negative, and the attached indicator is dead cross, so whether the European session can continue is the key. Today's BTC short-term contract trading strategy: sell directly at the current price of 82,100 area, stop loss at 82,600 area, and target 80,800 area and 80,300 area;
By re-examining the gold chart on the 30-minute timeframe, we can see that the price once again moved exactly as expected and finally managed to rise back above $3100, reaching as high as $3136.5! Currently, gold is trading around $3120, and I expect we will soon see further decline in gold. The potential downside targets are $3115, $3105, and $3100 respectively. This analysis will be updated again! The Last Analysis : https://www.tradingview.com/chart/XAUUSD/nSu38FwN-XAU-USD-Ready-for-another-Fall-READ-THE-CAPTION/
Where we're most likely to be in the general trend structure now is fairly subjective. We came up off the butterfly support mentioned previous which is a great start for the bull move but we're also still well inside of bull trap territory. If we have a low or a bull trap forming, should be a big spike here.