Here’s an advanced technical insight: --- 1. Structure Analysis The chart demonstrates a bullish structure in the GBP/USD 1-hour timeframe, characterized by: Higher Highs and Higher Lows: The price is respecting an ascending channel, indicating sustained bullish momentum. The Support 1 level (~1.2600) has transitioned from resistance to support, confirming a breakout and potential continuation of the uptrend. --- 2. Supertrend Confirmation (10, 3) The Supertrend indicator aligns with the bullish bias as the price is above the green Supertrend line. Supertrend crossover (red to green) indicates a potential reversal in momentum, which occurred earlier in the demand zone. --- 3. Demand and Support Levels Support 1 (~1.2600): A critical intraday level, likely to act as a short-term pivot point for bulls. If retested, it could provide an opportunity for re-entry. Demand Zone (1.2400–1.2500): A broader accumulation zone based on historical price reactions and the swing low, providing stronger support in case of a deeper correction. --- 4. Price Action within the Ascending Channel The pair is trading in a tight ascending channel, with clear upper and lower boundaries. The midline of the channel can act as dynamic support/resistance. The dashed arrow projection suggests that bulls may target the channel’s upper resistance (~1.2700). --- 5. Probable Scenarios Bullish Scenario: If the price sustains above Support 1 and remains inside the ascending channel, expect continuation toward: Short-Term Target: 1.2650 (minor resistance). Mid-Term Target: 1.2700 (channel resistance). Bearish Scenario: A break below the ascending channel’s lower boundary (~1.2600) could invalidate the bullish bias. Potential downside levels: 1.2550 (local horizontal support). 1.2500–1.2400 (Demand Zone). --- 6. Trade Ideas Long Setup Entry: Wait for a pullback to Support 1 (~1.2600) or channel lower boundary. Target: 1.2650, 1.2700. Stop Loss: Below 1.2580 (to avoid being caught in a false breakout). Short Setup (Countertrend): Entry: If price breaks below the channel (~1.2600). Target: 1.2550, then 1.2500. Stop Loss: Above 1.2635 (to account for a false breakout). --- 7. Risk Management Use proper risk-to-reward ratios (minimum 1:2). Position sizing is critical; align trades with your account's risk tolerance.
5 waves are coming Dogs has enough potential Very soon landing on moon
WTI Crude Oil / USOIL has turned sideways on the 4hour time frame, neutralizing the bearish trend of January. Right now there is a clear Support and Resistance Zone, with the 4hour MA50 getting the last rejection. If this breaks and closes a candle over it (4hour MA50), it will be a bullish signal like February 10th. We are already on a MACD Bullish Cross which was the first bullish signal in early February. So if Oil gives that MA50 break out, buy and target the bottom of Resistance A at 73.25. Follow us, like the idea and leave a comment below!!
Hi Guys, As ATH been hit, time for price correction and claim of revenue. I have some concerns of the prices, as the Monthly charts shows, the indicator need to touch bases to the EMA8 indicator, yet 2 gaps shows up clearly in the monthly chart, ranges around 2600$ area, and the worst case scenario , back hitting support lvl at 2200$ , lets see how it goes.
? Market Overview (Reddit - RDDT) Trend: Recent uptrend showing signs of exhaustion, possible correction in progress. Key Levels: Resistance: $211-$215 (Supertrend resistance zone) Support: $194-$196 (EMA 200 and recent demand zone) Indicators: EMA 9: $201.96 (Price is below short-term EMA, signaling weakness) EMA 200: $179.48 (Still long-term bullish) Supertrend: Bearish reversal near $214.93 MACD: Bearish momentum increasing, with a crossover confirmation. RSI: 36.92 – Approaching oversold territory, suggesting possible short-term bounce. ? Scalping Strategy ? Range Scalping (Preferred Strategy) Buy near: $196-$198, targeting $205. Sell near: $205-$210, targeting $196. Stop-loss: Below $194 (EMA 200 break invalidates bullish case). ? Breakout Scalping (If $211 Reclaims) Buy above: $211, targeting $220+. Stop-loss: Below $206 to limit risk. ? Momentum Scalping (For Quick Trades) Short near: $210-$212, targeting $200. Buy near: $195-$196, targeting $205. ? Mid-Term Trend Forecast (1-3 Weeks) Bearish correction in progress, but the $194-$196 zone could act as a strong buy zone. A break below $194 signals further downside to $180-$185. If the price reclaims $211, expect another bullish leg targeting $220-$225. ? News & Market Context Recent strong rally may be exhausting, leading to short-term profit-taking. No major fundamental catalysts supporting further immediate upside. Market-wide sentiment could dictate whether support holds or breaks. ? Decision: ? Short-term: Scalp buy at $196, targeting $205. ? Mid-term: Wait for price action confirmation at $194-$196. ? Ideal Play: Short $210-$212, buy dip near $195-$196. ? Final Verdict: Reddit stock faces correction after a strong rally, but buy zones exist around $196. Watch for a reclaim of $211 for further upside. Otherwise, expect a dip toward $194 or lower. ? LucanInvestor's Quote: "Not every pullback is a buying opportunity—timing is everything." ?
Hi in this educational post we are going to talk about more times a support or resistance touches higher possibility of breakout is expected. here are some examples you can see in below charts and i will explain more after that about some conditions of multiple touches and breakout possibility. https://www.tradingview.com/x/rpC6xA7A/ As you saw the examples provided above more touches the support or resistance receive higher possibly of breakout is expected and why is that because each time the buyers are getting weaker and also in this range zone which is happening more buyers will think about it that why the price is not pumping and each time the support is holding maybe this time it would break so each time more buyers are getting out so the token or coin is getting weaker and weaker. also the number of buyer each time decrease for example second time which a support touches 1000 buyers will rush to buy and it pump then second time it would be 100 buyers instead and each times the new buyer amount is decreasing and more sellers are saving profit so soon it would break. also for multiple touches you can consider how much it gain each time for example one other sign is when the support after multiple touch is going to break is lower highs means after each time support touch the price gain less than previous times so it means the buyers are getting weaker and soon after that support will break like the ETHUSDT and EURUSD in the examples(Left charts). you mention more reason and examples in comments and lets discuss about it. this is educational post and always do your own research first and then trade, it can be right about current situation of Bitcoin or may not, this was my view. DISCLAIMER: ((trade based on your own decision))
As we can see price soon can break last support near 0.23$ and also 0.2$ support zone will break and more is expected to the next support zones around 0.12$. i am looking for this dump and soon after breakout with high volume it can start. DISCLAIMER: ((trade based on your own decision))
The fall started from top and more is coming: https://www.tradingview.com/chart/USDJPY/5MzNzVTM-USDJPY-next-phase-dump-coming-like-the-previous-times-too-wild/ now we are looking for breakout of support and more fall even and soon our red arrows will complete and long-term more fall is ahead. DISCLAIMER: ((trade based on your own decision))
This instrument is above 225, a round number, which is 1/4 of 300 and is moving to 250 (1/2). A very strong instrument compared to others and has a long trend.
https://www.tradingview.com/x/AytmrQGu/ ✅EUR_GBP was trading along The rising support but now We are seeing a bearish Breakout of the support line And the breakout is confirmed So we are bearish biased and We will be expecting a Further move down SHORT? ✅Like and subscribe to never miss a new idea!✅