Price was previously consolidating, broke out and retested the previous support zone,with a nice double bottom and a bullish pinbar. We go long.
ACH/USDT) is currently showing signs of a potential bearish reversal after forming a double top near the resistance zone. Additionally, the RSI divergence suggests weakening bullish momentum, increasing the probability of a downward move. Trade Setup: ? Entry Price: 0.03367 (Below neckline support) ? Stop Loss: 0.03753 (Above resistance to avoid stop hunts) ? Take Profit 1: 0.02981 ? Take Profit 2: 0.02589 Technical Outlook: ? Double Top Formation: A clear bearish pattern, signaling a potential trend reversal. ? RSI Divergence: Momentum is weakening, suggesting a shift from buyers to sellers. ? Breakdown Potential: If the price breaks below the neckline, further downside movement is expected. ? Strategy: Traders should watch for a confirmed breakdown below the neckline before entering short positions. If rejection occurs and the price moves back above resistance, reconsideration may be needed. ? Trade Wisely & Manage Risk Effectively! ?
Hello Guy's Welcome To Another Day Of TRADING Resistance: Around 2940 - 2945 (upper black trendline where price struggles to break above). Support: Around 2900 - 2890 (lower black trendline where price bounces). Target: 2900 (expected drop if price breaks below support). If the price stays above support, it may go up again. If it breaks below, it could fall to the target.
Buy xauusd for eight consecutive days to make huge profits. Did you follow it? With the start of the trilateral talks, the price of gold quickly fell back to 2924 after reaching the highest position of 2939, and then rebounded to 2928 again. Is there no more opportunity to go long? Will the peace talks be successfully carried out? I don’t think so. After all, the leaders of the two countries are not "giving up territory for applause." So the opportunity to go long still exists. The short-term trend is still in the stage of callback and long. The technical side still relies on the trend support of SMA20 for trading. At present, the development trend of SMA is good. The precise trading points have been updated in the old place. Friends who are interested should remember to click and check it for reference.
Bullish market opening, taking liquidity in the nearest FVG (Fair Value Gap). In higher timeframes, we have continuation and a change of character.
Wednesday will give us insights into how the market absorbs the Fed minutes being released on Wednesday. The expectation is the market as a very good feel for what will be revealed and could maintain that upward movement seen in the market. The next objective that you'd want to see the market closing above is 6170.
We will wait till 240, Once price crosses 240 we will get a new high with targets of 260 &285. For now wait as we get a lot of patterns but they will fail and eventually u will end up with losing your SL.
USDJPY after 2nd liquidity grab from daily resistance has got a strong rejection. As of long term trend is down, the price may continue to drop daily support or lower. Upon pullback on 1hour chart, upon liquidity grab, A possible sell trade in USDJPY.
Market Structure & Key Levels: Current Price & Trend: BEL is trading at $0.9101, showing a +2.12% gain. The price has recently broken a key support-to-resistance flip, indicating potential further upside. Key Support & Resistance Levels: S1 ($0.7980): A critical support zone, where buyers may step in if a pullback occurs. S2 ($0.6036): A stronger demand zone, which previously acted as a bottom structure. R1 ($1.1931): A major resistance zone that needs to be cleared for further bullish continuation. R2 (Trendline Resistance): The macro resistance level, marking the long-term supply zone. High: $1.1942 (local top). Low: $0.4451 (historical bottom). Technical Indicators & Market Sentiment: ? Trendline Analysis: BEL is currently trading above previous consolidation levels, signaling a potential breakout structure. A breakout above R1 could accelerate bullish momentum toward R2 (long-term resistance). ? Potential Bullish Continuation Scenario: If BEL successfully breaks R1 ($1.19) and sustains above it, it may target $1.30-$1.50 in the short term. A move above R2 would confirm a larger trend continuation, potentially reaching $1.75-$2.00. ? Bearish Pullback Scenario: If BEL fails to break R1, a pullback toward $0.80 (S1) is likely. A breakdown of $0.80 could lead to a deeper correction toward $0.60 (S2). ? Liquidity & Volume Analysis: Buying volume is increasing, suggesting accumulation before a potential breakout. A strong bullish candle closing above R1 would confirm further upside. ? Market Psychology: Traders are watching $1.20 closely as a breakout level. A rejection at R1 could lead to a short-term correction, allowing new buyers to enter at lower levels. Conclusion & Trading Strategy: Given the current price structure, my trading plan involves two key scenarios: 1️⃣ Bullish Breakout Strategy: If BEL closes above $1.20 with high volume, I will enter a long position, targeting $1.30-$1.50. A move beyond $1.50 would open the door for $1.75-$2.00 in the mid-term. 2️⃣ Bearish Pullback & Retest: If BEL fails to break R1, I will look for support at S1 ($0.80) before re-entering. A breakdown below $0.80 would signal a short-term downtrend, with $0.60 as a key support. Risk Management: Stop-loss for longs: Below $0.85 to protect against false breakouts. Stop-loss for shorts: Above $1.25 in case of a breakout. Leverage approach: Conservative, as BEL is currently in a breakout phase with high volatility. Final Thought: BEL is at a key inflection point, where a break above $1.20 could trigger a strong bullish rally, while failure to hold current levels could lead to a pullback toward support zones. I will closely monitor volume and price action to determine the optimal trading opportunity.
Hello Guys Here Is Chart Of BTCUSD Support: Around 94300 - 94000 Target: 98500 Resistance: Around 98600 - 99000 This setup indicates potential bullish momentum, provided Bitcoin successfully holds the support level and breaks above the resistance.