Hello Traders ? Market Structure & Trend: • GBP/USD is currently in an uptrend, forming higher highs and higher lows. • The price is near a resistance zone, where a rejection or breakout could define the next move. Key Levels & Zones: • Resistance Zone (Blue Box at the Top): Around 1.2750 - 1.2800 • Support Zone (Blue Box in the Middle): Near 1.2550 - 1.2600 • Major Support (Lower Blue Line): Around 1.2350 Market Expectation: • A rejection from resistance could push the price down toward the support zone (1.2550 - 1.2600). • If price respects support, it could bounce back up toward 1.2750 - 1.2800, maintaining the bullish structure. Trading Plan: • Buy Setup: Look for a bullish confirmation in the support zone (1.2550 - 1.2600). • Entry: Near 1.2580 (after price shows a reversal pattern). • Targets: • TP1: 1.2700 • TP2: 1.2750 - 1.2800 • Stop Loss: Below 1.2500 Note: Wait for confirmation before entering the trade to avoid false breakouts.
Yesterday, technically it felt we may see little higher, but overall down. Surprise, surprise large down move again and it means the over all pattern seems to be a S/H/S top and this could bring us much lower than current levels even. Somewhere $ 60k overall.. anyway, I remain the viewpoint, that crypto is a manipulative asset class. Strategy trade range, but SELL $ 88-95k range but get out above $ 109 k somewhere. I think profit somewhere $ 65k for now.
https://www.tradingview.com/chart/XAUUSD/gVxs44MR-MY-analysis-on-Gold-in-1H-chart-its-again-downwords/ you can watch as i already mantioned the price range and market movementum so the market is going on that patterns so keep following and watch the next moves . The rejection from EMA 200 suggests continued bearish pressure, with a downside target near 2,870 support. However, a strong bullish reaction from that level could lead to a potential reversal. Traders should wait for confirmation before entering a trade. ?
NYSE:CL is looking at a potential rebound to the upside after the stock actually broke above the falling wedge and has filled and trade beyond the bearish gap highlighted in the chart. Ichimoku is showing a clear bullish signal as the leading Span A and B will likely perform a crossover (Bullish twist). The stock also closed above the resistance turned support at 91.94, which confirms the smaller double bottom. Meanwhile, MACD histogram just turned positive and the signal line likely to perform a crossover at the bottom. Stochastic confirms the oversold and bullish divergence, which coincidentally, the 23-period ROC also did the same.
With Trump's announcement of Tarrifs on Canada and mexico starting tomorrow, I expect a continuation of this downward trend on CHF and JPY pairs
With Trump's announcement of Tarrifs on Canada and Mexico starting tomorrow, I expect this downward trend to continue on the JPY and CHF pairs
Hello Traders ? Market Structure & Trend:? • Gold is currently in a downtrend, forming lower highs and lower lows. • A recent pullback was rejected at resistance, indicating bearish momentum. Key Levels & Zones: • Support Zones (Blue Boxes): • First Support: Around 2,860 • Second Support: Near 2,835 • Third Support: Around 2,800 • Resistance Level: The price faced rejection near 2,900. Market Expectation: • Bearish Sentiment: If the price breaks below 2,860, further downside towards 2,800 is likely. • Entry Idea: • A sell setup will be confirmed once price breaks and retests the support level. • Targets: • TP1: 2,835 (Intermediate support) • TP2: 2,800 (Major support) • Stop Loss: If price moves above 2,900, this bearish setup will be invalid. Note: Always wait for confirmation before entering a trade.
I just now opened a short trade on xcn....this might be a bit late to post. Targeting $0.014318 for a 2 RR. Open trade on 2 accounts.
Cardano is forming a bull flag after coming back to the .6 area and capitulating up to my previous addressed 1.17 resistance. I think the $.8032 will provide support and a possible bounce point if not there the .7865 support looks interesting. ADA is not moving in tandem with BTC at the moment bc bitcoin isn't in the talks for fridays crypto summit at the white house... i have been saying that i see 1.49 iin the near future for ADA.....Is it this weekend???
Even though mid term we're bearish on Gold, I still cannot ignore the fact there is a lot of pending LQ on Gold around the ATH. Also, as it's a new month, the new monthly candle requires some liquidity from the upside before it can drop. On the 1H TF I'll be targeting small zones for buys & once price reaches that zone, I can monitor for any possible rejections back down, or possible further upside. TARGET 1: $2,903