We can see a huge weekly candle (circa 500 pips) as sellers took price all the way down to sub 0.8600 last week. Looking back over the years, 0.8600 has been a huge demand zone for this pair. This may now lead to opportunities to buy on the smaller time frames. This is just an idea of what may happen. You should always trade with a well tested and profitable trading strategy using good risk management.
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Just Before US Tariff Announcement, Indian Markets have broken the Trend Line started in September 2024 from down side and on the path to recovery. After the Tariff Announcement, Japan, EU and US markets have bled and Indian market was not an exception. Under Normal conditions, NIFTY is expected to reverse the correction and move upwards from 0.618/0.5 Fibonacci Levels. But NIFTY has broken these levels and closed below 0.5/50% level i.e. 22917. This close 22904 is even below 20 DMA. Coming week the Tariffs and Counter Tariffs are going to come into effect. So this down trend is expected to continue. So immediate levels on down side for a possible Support are 22414 & 21964 (Previous Swing Low). Brace Yourself For a Bumpy Ride!!
Hi Guys , Good day, Be carefully, I think bull market is finish , I think the bull market may be over. Be very careful with your trades. Check the charts and see where we are at a sensitive point. SecondChanceCrypto ⏰ 6/april/26 ⛔️DYOR Always do your research. If you have any questions, you can write them in the comments below and I will answer them. And please don't forget to support this idea with your likes and comments.
as i predict gold and eurusd before , i release another prediction about uscrude.
As you can see, Bitcoin is forming a repeating pattern which I’ve highlighted in the lower circle. It could form the black pattern and exactly repeat history. For now, we have to wait and see.
The price has already dropped by -74% from the top — and if it reaches the $1.00–$1.40 area, it could be a potential entry signal, just like it was before after a ~70% correction. ? History doesn’t repeat, but it often rhymes. An interesting level to watch — no need to rush, just be ready. ⚠️ Risk management is everything.
Hello traders, After analyzing the current price action, I believe WTI remains bearish in the mid-to-long term. However, in the short term (next few sessions), we might see a temporary bullish correction, as the RSI is signaling oversold conditions. Since late September 2023, WTI has been in a steady downtrend—clearly visible through the purple trendline—and recently hit its lowest level since early 2023. I'm watching the $66–$67 zone closely: if price reaches but fails to break above it, the downtrend is likely to resume. However, a clean breakout above that range could indicate a potential bullish reversal heading into next week. This view is based on RSI and key support/resistance zones. ? Bearish bias mid/long term ? Short-term bounce likely ? Key zone to watch: $66–$67 Let me know your thoughts in the comments — are you bullish or bearish on WTI? Not financial advice — just sharing my personal analysis.
EUR/GBP daily chart reveals a compelling narrative of consolidation followed by a potential bearish reversal. The pair has been trading within a defined range, bounded by key horizontal support and resistance zones (highlighted in blue). The recent price action suggests a rejection from the upper resistance zone, setting the stage for a possible short trade. Key Observations: Range-Bound Consolidation: The chart clearly shows EUR/GBP oscillating within a well-defined range. This pattern indicates a period of indecision, where neither buyers nor sellers have established a clear dominant trend. Resistance Zone Test and Rejection: The price recently revisited the upper resistance zone. The subsequent price action, characterized by a sharp downward move, suggests a strong rejection from this level. This rejection is a critical signal that sellers are stepping in, potentially reversing the recent upward momentum. Bearish Engulfing/Pin Bar Formation (Possible): While the chart doesn't explicitly highlight a candlestick pattern, the sharp rejection from the resistance zone suggests the formation of a bearish engulfing or a pin bar on a lower timeframe. This pattern reinforces the bearish bias. Retracement and Entry Opportunity: The price has retraced a portion of the recent decline. This retracement presents a potential opportunity to enter a short position, capitalizing on the anticipated continuation of the bearish move. Support Zones as Targets: The lower support zone serves as a primary target for the potential short trade. The intermediate support level (around 0.83727) can act as a partial profit-taking zone or a point to trail the stop loss. Pattern Identification: The dominant pattern observed is a range-bound consolidation followed by a potential bearish reversal triggered by a rejection from a key resistance zone. Trade Setup: Entry: A short entry can be considered at the current price level (around 0.85021-0.85129) or on a break below the immediate support level (0.84772). A more conservative approach would be to wait for a clear bearish candlestick pattern confirmation on a lower timeframe (e.g., H4 or H1). Stop Loss: The stop loss should be placed above the recent swing high (around 0.85867) to protect the trade from unexpected price reversals. Take Profit: The primary target is the lower support zone (around 0.82537-0.82218). An intermediate target can be set at the 0.83727 level. Risk-Reward Ratio: The potential trade offers a favorable risk-reward ratio, with a relatively small stop loss and a significant profit target.
The EUR/USD currency pair is trading at the 0.5 Fibonacci retracement level on the 4-hour timeframe, indicating a potential point of support or resistance. This level is often referred to as the "golden zone," a critical area for traders looking for reversals or continuation patterns. When we examine the 15-minute timeframe, we can see that the price action is consolidating within a defined range. This consolidation suggests that market participants are indecisive, with neither buyers nor sellers gaining a clear advantage at this moment. To identify a potential trading opportunity, we should closely monitor the upper and lower boundaries of this consolidation zone. A break above the upper boundary could signal a bullish continuation, prompting us to look for long positions, especially if it's accompanied by increasing volume or other confirming indicators. Conversely, a break below the lower boundary may indicate bearish momentum, suggesting a potential entry for short positions. As we await a decisive breakout from this range, it's important to remain cautious and patient, ensuring that any trade setup aligns with our overall trading strategy and risk management protocols. Keeping an eye on external factors such as economic news or events can also provide additional context for making informed trading decisions.