Double Top Resistance May Hold – The chart assumes a breakout above the double top resistance, but double tops often indicate a reversal rather than a continuation. A strong rejection from this level could lead to a bearish move instead of the projected bullish scenario. Volume Divergence – The recent price action does not seem to show strong bullish volume compared to the previous rally. If buyers are weaker at this level, a fake breakout could trap longs before reversing downward. Support Might Break Instead of Holding – The analysis assumes that the support zones will hold, but if price retests the nearest support and breaks below it, the entire bullish scenario could be invalidated. Bearish Scenario Missing – The chart focuses heavily on an upward move but lacks a strong bearish alternative. If sellers step in near resistance, a drop toward lower supports (like $3,020 or lower) becomes a valid possibility.
Gold is trading inside a Channel Up, where it just priced a new Higher Low today. The MA50 (1h) held and the price should now kick start the new bullish wave. All previous ones have been at least +2.05%. Trading Plan: 1. Buy on the current market price. Targets: 1. 3085 (+2.05%). Tips: 1. The RSI (1h) is trading inside a Channel Down that has already started a bullish wave. An early bullish signal. Please like, follow and comment!!
please use risk managment i think this is good potintial to sell from here am using wave analysis and am still learning
Israel is sending a delegation to Washington for strategic talks on Iran, while Trump has reportedly given Tehran a two-month deadline for a nuclear deal—so far, Iran isn’t engaging. So, the question is: Are we headed towards military conflict or a significant wave of sanctions? Meanwhile, protests erupted after Erdoğan’s main rival was arrested, triggering a sharp selloff in Turkish markets. The lira hit record lows, forcing the central bank to intervene with nearly $10 billion in currency sales. Turkey’s inflation remains elevated at 39%, with interest rates at 42.5%. Continued lira weakness could push inflation higher, forcing further rate hikes and adding to the country’s economic instability.
MACD histogram turned positive, indicating emerging short-term bullish momentum despite a $2843 daily drop. RSI (14) at 43.54 shows a neutral-to-weak state, with bears slightly ahead but not in oversold territory, suggesting limited room for further declines. Bitcoin's volatility and recent drop have made investors cautious or even panicked. Some are exiting the market, while others are looking for opportunities to buy the dip or go short. Unstable sentiment is reducing trading activity. In summary, although BTCUSDT is currently down, bullish signals are strengthening. Key support levels remain crucial. A rebound could occur if prices hold these levels, but a break below may lead to further declines. BTCUSDT sell@85000-86000 tp:84000-83500-83000 buy@82000-83000 tp:84000-84500-8500 I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
After the opening today, the upward sentiment continued and broke through the high again, reaching the 3056 line.Today, the main trend of gold trading is shorting at high levels, supplemented by long positions at low levels. Strategy: The 3055 short position given at the end of yesterday's trading has been reached. If it touches 3060 during the day, cover the position once and do not decide on defense for the time being. If it touches around 3067 during the day, short once and cover the position once at 3072, defend at 3077, and target 3052-3047, then hold if it breaks down.
This chart represents GBP/USD on a 4-hour timeframe, showing a potential bearish reversal after a strong uptrend. The market appears to be losing bullish momentum, with a possible breakdown scenario forming below key support levels. 1. Market Structure & Recent Price Action • GBP/USD had a strong bullish rally, forming a higher-high, higher-low structure until it reached a resistance zone around 1.3050 - 1.3000. • After hitting resistance, price entered a consolidation phase, creating a distribution zone where buyers and sellers are battling for control. • The chart suggests a potential shift from bullish to bearish, with the possibility of a breakdown if support is lost. 2. Key Support & Resistance Levels Resistance Levels (Strong Selling Zone) • 1.3050 - 1.3000: • This is a major supply zone where price has struggled to break higher. • Sellers have repeatedly defended this area, preventing further upside. • A break above this level would invalidate the bearish setup. Support Levels & Bearish Targets • 1.2950 - 1.2900: • This is the lower boundary of the consolidation zone. • A break below this level would confirm a bearish trend shift. • Target 1: 1.2700 • If price breaks below 1.2900, this is the first major support level where buyers might step in. • A retest of this level is likely if selling pressure increases. • Target 2: 1.2500 - 1.2550 • A full breakdown could send GBP/USD into a deeper decline, targeting this strong demand zone. • This level aligns with previous historical support levels, making it an important area for buyers. 3. Trading Setup – Potential Short Opportunity Bearish Entry Strategy (Sell Trade Setup) 1. Break Below 1.2950 - 1.2900: • If price breaks and closes below this level on the 4H timeframe, it could signal a bearish trend shift. 2. Retest Confirmation: • Ideally, after the breakdown, price should retest the broken support as resistance before continuing lower. 3. Stop-Loss Placement: • Above 1.3050, ensuring protection from a false breakout. 4. Profit Targets: • Target 1: 1.2700 • Target 2: 1.2500 4. Alternative Scenario – When This Setup Fails If GBP/USD fails to break below support and instead reclaims 1.3050, then: • The bearish setup is invalidated. • Bulls may push price higher towards 1.3100+. • A daily close above 1.3050 would signal potential continuation of the uptrend. 5. Final Thoughts & Strategy • Bearish Bias (Preferred Trade Plan): • Wait for a clear break below 1.2950 - 1.2900 before entering short trades. • Watch for bearish confirmation signals, such as: • Strong red candles • Increased selling volume • Retest rejection of previous support • Bullish Alternative: • If GBP/USD holds above 1.3000 and breaks 1.3050, consider long positions instead of shorts. Conclusion: This chart suggests a potential bearish breakdown in GBP/USD, targeting 1.2700 and 1.2500. However, confirmation is necessary before entering a trade. If price holds above 1.3000 - 1.3050, the bearish setup will be invalidated, and a bullish move could follow.
Could this be a bear flag or bull flag on 1hr chart. If we are truly in a bear market this could be very well be a bear flag. Specially with the death cross imminent.
Nothing much to say , downwards channel prevails, good luck out there guys.
Bitcoin / BTCUSD has found the support it desperately needed on the 1week MA50 and rebounded. Now it faces the most important Resistance of its Cycle, the 1day MA50. Every time this broke in the last 2 years, the market started a strong rally. Buy and target 140000, which would be just under the Pi Cycle Top. Follow us, like the idea and leave a comment below!!