The EUR/GBP pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Bullish Flag Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 0.8433 2nd Resistance – 0.8448 ? Please hit the like button and ? Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
We have a rather strong draw on liquidity to prev weekly high. We had a great re-test during yesterday's New York opening into mid point of London & a 1H Inversion fvg. We're 5 min away from London open and I already have a bias that the market is going to push to the upside. If London session melts, I'ma take it as a Judas swing or Institutional sponsorship to collect more buy orders. Any other ideas are welcomed.
Yesterday, TRADENATION:XAUUSD broke the $3,000 mark, a significant achievement from multiple perspectives. As I mentioned yesterday, I didn’t expect the price to revisit the $2,950 support level, as it seemed too obvious. Unfortunately, my pending order at $2,970 wasn't triggered either, as the bulls were too strong, quickly forming a new support at $2,980. This forced me to trade the breakout of the rectangle pattern, something I typically avoid —trading breakouts. Now that we’ve reviewed the situation, let’s take a closer look at what we might expect in the near future. Current Trend: Strong Upward Momentum As is evident to everyone, gold is in a powerful uptrend, and trying to sell is risky. The key strategy here is to focus on buying on dips, rather than trying to catch a top. The first level to keep an eye on for potential buy opportunities is the $3,000 mark, followed by the support formed yesterday at $2,980. Both of these levels are crucial in maintaining the bullish structure of the market. If the price dips to these levels and holds, they could provide excellent entry points for long positions. Target Zones: Understanding Potential Resistance Levels While targets in a ATHs defined market are arbitrary, historical price movements in gold suggest that certain price levels tend to act as either support or resistance. Specifically, levels in at $20, $40, $60, and $80 ranges have historically been key turning points. Given this, if gold continues its ascent, targets at $3,020 and $3,040 could be reasonable. These levels align with the typical points that gold has faced during strong movements. Looking Ahead: Volatility and Potential for Extreme Moves Expect extreme volatility as gold continues to push higher. The bullish sentiment is strong, but with high volatility comes both risk and opportunity. Keeping a watchful eye on key levels, such as the $3,000 and $2,980 support zones, will be crucial for gauging potential retracements and entry points. In conclusion, the strategy moving forward should focus on buying on dips, with an eye on $3,020 and $3,040 as logical targets for the next phase of gold's rally. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Pairs on Watch - FX:EURNZD FX:GBPNZD FX:GBPUSD A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
The cryptocurrency market is seeing significant regulatory and institutional developments that could shape the future of Bitcoin: U.S. Establishes Strategic Bitcoin Reserve: The U.S. government has announced the creation of a Strategic Bitcoin Reserve, a move aimed at positioning Bitcoin as a hedge against fiat currency risks and enhancing national financial stability. This marks a pivotal step in Bitcoin’s integration into mainstream financial infrastructure. Trump Administration Expands Crypto Influence: President Trump has appointed David Sacks as a key advisor for AI and cryptocurrency initiatives, underscoring the growing recognition of Bitcoin’s role in the financial system. These policy shifts suggest increasing institutional involvement and regulatory clarity, factors that could drive future Bitcoin adoption. Market Dynamics and Price Movements Bitcoin’s price has experienced volatility, with key market trends unfolding: Price Near Key Moving Averages: Bitcoin is currently sitting around the 200-day moving average, with the 100-day moving average above as a key resistance level. This positioning suggests a critical juncture for the asset, where the next move could dictate broader market sentiment. Resistance and Support Zones: Resistance: Bitcoin faces resistance at $87,000 and the psychological barrier of $100,000. A break above these levels could fuel a new leg of the bull run. Support: Bitcoin has key support at $74,000 and $69,000. If these levels hold, they could provide a foundation for the next bullish push. Open Interest Reset: A significant reduction in open interest, wiping out $12 billion in positions, suggests a market reset that could remove excessive leverage and allow for healthier price action. Security Concerns and Scams Despite Bitcoin’s growing institutional recognition, security risks persist: Fraudulent Activities: In Australia, a recent fraud case involved a woman laundering over $500,000 through Bitcoin transactions, highlighting the ongoing vulnerabilities in crypto-related financial crimes. Technical Analysis Bitcoin’s chart structure suggests potential near-term moves: Moving Averages: The 200-day moving average is acting as a critical support level, while the 100-day moving average sits above, posing a significant resistance zone. Relative Strength Index (RSI): RSI is hovering in neutral territory, indicating that Bitcoin is neither overbought nor oversold, leaving room for movement in either direction. PPO Indicator: Bitcoin remains in a bearish momentum phase, but any upward break from the 200-day MA could shift the trend. Conclusion Bitcoin is at a pivotal level, consolidating around the 200-day moving average with significant resistance ahead at GETTEX:87K and $100K and key support at $74K and $69K. Institutional adoption and regulatory clarity are adding legitimacy to the asset, but price action in the coming days will determine the next big move.
EURGBP is currently on a very strong bullish trend and as traders we should follow the trend making sure to capitalise on it. As we can see on this 1HR timeframe the market has been failing to break the newly formed support (previously resistance) this adds as confluence to take Long entries from this exact price.
**Chart Analysis: GBP/USD (1H Timeframe)** **1. Chart Pattern - Rising Wedge ?** - The price has formed a **rising wedge**, a bearish reversal pattern. - A rising wedge occurs when price makes higher highs and higher lows but within a narrowing range, suggesting weakening bullish momentum. - The price has now broken out of the wedge, signaling a potential downward move. **2. Key Levels & Targets ?** - **Current Price:** Around **1.29720** - **EMA Levels:** - **7 EMA:** 1.29767 (Short-term trend indicator) - **21 EMA:** 1.29748 - **50 EMA:** 1.29629 (More reliable trend indicator) - **Bearish Breakdown Targets:** - **First Target (Red Label):** Around **1.2800**, aligning with previous support levels. - **Final Target (Green Label):** Around **1.2650**, suggesting a larger move downward if selling pressure continues. **3. Confirmation of Downtrend? ?** - The breakdown below the rising wedge suggests a potential **downtrend continuation**. - The **break below 1.2900** would likely confirm a stronger bearish move. - Volume is increasing on the move down, indicating strong selling interest. *Possible Trade Setups ?** 1. **Bearish Scenario:** - A short position can be considered if price continues breaking below key EMAs and previous support. - **Entry:** Below 1.2960 - **Stop Loss:** Above 1.3000 - **Take Profit:** 1.2800 (first target) or 1.2650 (final target). 2. **Bullish Reversal Possibility:** - If price **reclaims the wedge** and breaks above 1.3000, it could invalidate the bearish pattern. **Conclusion:** - The **rising wedge breakdown** suggests bearish momentum. - A move below **1.2900** would confirm further downside. - **Watch for volume confirmation** before entering a trade. https://www.tradingview.com/x/9IzxzgGf/
Technical Analysis: A Broader Perspective Crude oil has been trading in a multi-year consolidation range, with prices repeatedly testing both the upper and lower boundaries. Support Levels: Oil is currently trading around $66-$65, which has acted as a key support zone over the past few years. Historically, crude has bounced from this area, making it a significant level to watch for potential accumulation. Resistance Levels: The 100-day and 200-day moving averages sit above the current price, with resistance levels around $75 and $85. These levels need to be reclaimed for a sustained uptrend to develop. Trend Outlook: Over the past two years, crude oil has remained range-bound, consolidating between $65 on the lower end and $85-$90 on the upper end. Given this prolonged pattern, we could be approaching the bottom of this range, setting the stage for another potential cycle higher. A break below $61-$60 would indicate a deeper correction, possibly pushing oil into a longer-term downtrend. Market Momentum Indicators: RSI is near oversold territory, suggesting the market is at a level where a bounce has historically occurred. PPO remains negative, indicating weak momentum, but a shift towards bullish divergence would reinforce a recovery case. Market News & Fundamental Drivers Several macroeconomic and geopolitical developments are shaping crude oil’s outlook: 1. Geopolitical Risks & OPEC+ Policy Middle East Tensions: Ongoing U.S. military activity in Yemen has introduced geopolitical uncertainty, which could drive up oil prices. Historically, geopolitical disruptions have led to sudden price spikes, making this a critical factor to monitor. OPEC+ Production Adjustments: Despite announced production cuts, increased exports of refined products by OPEC nations are offsetting crude supply reductions. This has limited the bullish impact of output cuts and prevented oil from breaking out of its long-term consolidation range. 2. Economic Demand & Global Growth China’s Economic Stimulus: China remains the world’s largest oil importer, and recent stimulus measures aimed at boosting consumption have supported oil demand. Retail sales and industrial production in China exceeded expectations, which has provided a short-term tailwind for crude. U.S. Economic Uncertainty & Tariff Concerns: The Biden administration’s reciprocal tariffs, set to take effect in April, have raised concerns about global economic growth. A slowdown in trade and manufacturing activity could put downward pressure on oil demand. 3. Structural Demand Shift: The Rise of EVs Electric Vehicles (EVs) are impacting long-term oil demand. China’s EV boom is accelerating faster than expected, reducing future oil consumption. Major oil producers are beginning to factor in a slower demand outlook, which could keep prices in check over the long term. Conclusion: A Key Inflection Point for Crude Oil Crude oil is at a critical support level, sitting at the bottom of a multi-year consolidation range around $65-$66. If this level holds, we could see a bounce toward the $75-$85 resistance zone in the coming months. However, a break below $60-$61 would signal a bearish structural shift and open the door for further downside. Geopolitical risks, OPEC supply dynamics, and global economic conditions remain the key fundamental drivers influencing oil prices. For now, traders and investors should monitor the $65 support level closely. If we see a breakout above the 100-day and 200-day moving averages, it could indicate the start of a new bullish trend within the existing range.
PIUSDT is trading in a descending trendline and bounced off from a psychological level and major support. Wait for a retest of the trendline & confirmation of breakout. Not an investment advise.
will be taking this short over extended. aiming for each of these zones to get swept. this is not financial advice. happy trading everyone 33