We’re monitoring the 194.1 level for potential short opportunities. While buyers have been in control, momentum is beginning to show signs of slowing down, suggesting the current uptrend may be running out of steam. Price is starting to form a potential top near a key resistance zone. If this level holds, we could see a pullback in the coming session Our approach? Look to sell into strength—specifically around the 194.1 resistance, which aligns with our custom zone. As always, we’ll wait for confirmation and let the market lead. This is a short bias with caution—if price breaks and holds above, we’ll step aside.
I see price taking out my support zone at 1.08085 and pushing lower to correct the recent bullish daily move
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Every detail on direction on previous post In summary, while the net-short positioning by speculators reinforces a cautious or bearish view on EUR in the short term, the gradual reduction in their short exposure may also be viewed as a subtle signal of potential stabilization or even a contrarian setup if market sentiment were to shift.
? Chart Type: 1-Hour (H1) ? Asset: EUR/JPY ? Technical Patterns: Double Bottom, Trendline Breakout, Retest ? Overview of the Chart The EUR/JPY chart showcases a bullish reversal setup, characterized by a Double Bottom pattern, a trendline breakout, and a successful retest. This combination suggests a potential continuation towards higher price levels, making it an ideal setup for traders looking for breakout entries. The price action initially followed a downtrend, but buyers stepped in at key support zones, leading to the formation of a strong reversal pattern. Now, the price is testing a key resistance level, and if it breaks out, we could see a significant upward move. ? Key Technical Analysis Breakdown 1️⃣ Double Bottom Formation – A Bullish Reversal Signal ? The Double Bottom is a classic reversal pattern that forms after an extended downtrend. ? In this case, price found strong support at 160.139, forming two lows (Bottom 1 & Bottom 2), indicating buyer dominance. ? The confirmation of the pattern comes with a break above the neckline at around 162.000, suggesting a shift from bearish to bullish momentum. 2️⃣ Trendline Breakout & Retest ? A descending trendline had been acting as dynamic resistance, pushing prices lower. ? Recently, the price broke above the trendline, signaling a potential trend shift. ? Now, price is retesting the trendline, which is a key factor in confirming whether the breakout is valid. ? If the retest holds, it could trigger a strong bullish move towards the next resistance zone. ? Support & Resistance Zones ? Support Level (160.139): The lowest point in the chart, where price tested twice and formed the Double Bottom. Buyers stepped in aggressively at this level, preventing further decline. Stop Loss Placement: Below this support zone for long trades. ? Resistance Zone (163.725 - Target Level): The previous swing high and a major supply zone. A breakout above this area could lead to further bullish momentum. ? Trading Strategy – How to Trade This Setup? ✅ Bullish Trade Setup (Breakout & Retest Confirmation) This setup is ideal for traders looking to capitalize on breakout and retest strategies. ? Entry: Wait for a strong bullish candle to confirm the retest of the trendline. A break above the 162.500 level could be a good entry confirmation. ? Target: First target: 163.725 (Resistance Zone). If momentum continues, the next upside target could be around 164.500. ? Stop Loss: Below 160.139 (previous support level) to minimize risk. Alternatively, place it below the trendline retest zone if entering aggressively. ? Risk-to-Reward Ratio (RRR): This trade offers a strong RRR, as the downside risk is limited, while the upside potential is higher. ? Bearish Scenario – What if the Retest Fails? While the bias is bullish, traders must be prepared for a fake breakout scenario. If price fails to hold above the trendline and neckline, the structure might break down. ? Bearish Entry: If price rejects the retest zone and closes back below 161.500, it could indicate a false breakout. ? Target: 160.139 (Support Level). ? Stop Loss: Above the trendline retest zone to protect against unexpected bullish moves. ? Key Takeaways & Final Thoughts ✅ The Double Bottom pattern signals a potential trend reversal. ✅ The trendline breakout & retest adds further confirmation to the bullish bias. ✅ A breakout above 162.500 could accelerate buying pressure toward 163.725. ✅ Risk management is essential: A well-placed stop loss below the support level ensures minimal downside risk. ✅ If price rejects the retest zone, traders should be prepared for a possible bearish reversal. ? Overall Bias: Bullish ✅ ? Trade Confirmation: Needs trendline retest hold + bullish breakout ? ? Key Level to Watch: 162.500 (Breakout Confirmation Zone) ? ? Pro Tip : Always wait for confirmation before entering a trade. A strong bullish candlestick pattern (e.g., engulfing candle) on the H1 or H4 timeframe could provide extra confidence in the setup! ?
- after breaking the magical line of 2000$, expectation was that the final capitulation for ETH has started - that did not happen however and ever since that 2k break, bulls have consistently shown strength on low time-frames - with the recent S/R flip, it is likely ethereum and by extension the entire crypto market gets a relief rally - Bitcoin could go all the way to 110k however, if that happens, it is likely the move is going to be a short
Kicking things off as always with EUR/USD—we're looking for another bullish shift along this path. We called it last week, anticipating a bullish shift, and while we've seen a significant pullback since, there were short-term moves that could be capitalized on at the points we highlighted. However, we didn’t see the significant shift we were expecting. So, we're still looking to follow through with that higher time frame movement. Remember, this relies on USD bearishness and overall weakness of the dollar, which could occur if the effects of new tariffs and policies come into play as expected. The same principle always applies—if we see an entry, we take it, we follow our bias, and we let Orion lead the way. Stick to your risk management and always follow your rules.
Here is the set up,acc to rsi we are over sold atm its a short clean
Chart Pattern & Technical Structure: Current Price: ₹223.05, Chart Type: 2-hour candle "Pattern Observed: Falling parallel channel formation" Recent Action: Price recently touched the upper trendline of the descending channel, indicating resistance. Bearish Wave Count: Looks like the price has completed a corrective wave up and could be entering the next leg down in the structure. Next Support Zone: Lower channel boundary is around ₹190, making it a realistic downside target if the bearish leg continues. ? Expectations: As long as Zomato respects the upper channel resistance, the short-term bias is bearish. If momentum confirms with breakdowns on lower timeframes or volume picks up on the downside, it can head toward ₹190 zone. Keep an eye on volume spikes or breakdown candles for early confirmation. ? Invalidation: If the price breaks and sustains above the upper channel, especially above ₹230–₹235 with volume, the bearish thesis is invalidated. That may signal strength and a possible breakout, targeting higher levels (₹250+). ? Trading Viewpoint: Short Positioning: Can be considered near current levels with a strict stop-loss above ₹235. Target Zone: ₹190 (as per channel projection). ⚠️ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy/sell any security. Stock markets are subject to risks, and past performance is not indicative of future results. Please do your own research or consult a SEBI-registered financial advisor before making any trading decisions.
XAUUSD SELL SETUP Currently $3,029 Sold at $3,029 (Trading plan XAUUSD go up to $3040 we will add more sell) Expecting target (3012 0R down ) Incase of early exist will update this anaylsis Its not a Financial Advice