The New Zealand Dollar to US Dollar currency pair on the two-hour chart has broken below an ascending trendline, signaling a potential shift in momentum. The short position was taken after price action failed to sustain above the trendline, confirming bearish strength. The entry was executed near 0.57076, following the breakdown, with the stop-loss placed above recent highs to manage risk effectively. The take-profit target is positioned at 0.55459, aligning with a previous demand zone that may act as support. This setup reflects a trend reversal as buyers lose control and sellers gain momentum. As long as the price remains below the broken trendline, the short position remains valid, with a favorable risk-to-reward ratio supporting the trade's potential.
This chart represents the British Pound to Japanese Yen currency pair on the two-hour timeframe. A clear breakdown from a previously established uptrend structure has triggered a short position. The trade setup is based on price action breaking below a key support level, confirming a shift in market sentiment toward bearish momentum. The short entry was taken after the price broke below the ascending trendline and retested the level as resistance. The stop-loss is positioned above the recent high to mitigate risks in case of an invalidation. The take-profit target is set near 188.311, aligning with a key demand zone and a possible area of price reaction. The trade exhibits a strong risk-to-reward ratio, ensuring a balanced approach to downside potential. With momentum favoring sellers, this setup remains valid as long as the price sustains below the broken support level. A clean follow-through to the downside would confirm further selling pressure.
As you can see the chart is sloping down, with the price going lower and lower. But if you look at the MACD 4C you can see the trend is going up, indicating that the selling is loosing steam. This divergence is hidden / bullish. This has been shorted relentlessly for days with the release on Coinbase. Soon I except price action to trap retail shorters who have been shorting heavily the past few days. Also if you tie in the pitchfork location and sections, lining up with the falling wedge is a good sign that we are lined up for a retrace on price very soon.
IMP LEVELS OF NIFTY AND BANKNIFTY to be watched closely for nxt 7 trading sessions
Indicator: 5MA,20MA, MACD, Stochastic RSI my fav setup for Bullish pullback. when price makes Higherlow as (S) with SKD oversold. Allow me to use (S) as SL to aim at Prev High(R).
CRYPTOCAP:XRP Short Setup: All Signs Point Down imo, short-term only. Everything is lining up for XRP to take a hit—trendline resistance, upcoming unlocks, macro headwinds, and fading momentum. Here’s why I’m shorting: 1️⃣ Trendline Resistance + Weak Volume XRP is struggling against major trendline resistance (ranging from the high made 2 weeks ago $3.4), showing clear rejection at the top of its range. Volume is declining, meaning buyers are running out of steam. A failed breakout with no volume is a recipe for a reversal. Break or reject? Price action says reject. 2️⃣ XRP Unlocks = Incoming Sell Pressure On Sat Feb 1 one billion XRP ($3.1B worth) unlocks—a massive supply injection. Ripple historically sells part of these unlocks, adding downward pressure to the price. Every past unlock event has led to weakness—why should this time be different? Have a look At the price action from DEC 1 and JAN 1... See any patterns? More supply + weak demand = lower prices. 3️⃣ Macro Headwinds: Strong DXY, Weak ETH/BTC, CPI Uncertainty DXY is holding strong, hovering above 108.5—bad news for risk assets. The dollar just doesn't want to crash properly. Ethereum is struggling at resistance, altcoins are lagging, and Bitcoin is at major resistances of its own. Not to mention eth/btc chart, which looks like freefall on higher timeframes (12h to the Weekly charts). CPI data this week = uncertainty = shaky price action ahead. XRP doesn’t move in isolation—macro conditions favour downside, at least short term. I'm in, and this is always risky business, to short the XRP Army. Not just financially, mainly because if I lose the trade, the XRP soldiers won't let me mourn in peace.. Take Profit Strategy, do not even think about copying??: Target 1: $2.91 (December high, once there, SL to entry price to play it safe) Target 2: between $2.64 - $2.67 (Golden Pocket, supported by the 50 day MA) Target 3: $2.51 (a bit above the main support) Stop Loss: If XRP closes above $3.40 with strong volume, I’m out. You do you, as the motto goes?
Pay attention to the 2785, 2760, 2728 zones for today's buy strategies. Today's main trading strategy is to wait to buy when the price has created an ATH and is ready to create a new ATH.
CAPITALCOM:GOLD Hi, New All Time High for Gold was reached. Today trading plan as usual SOP:- 1) When H1 and/or H4 candle breakout Green Line Resistant , Market probability is UPTREND. 2) When H1 and/or H4 candle breakout Red Line Support , Market probability is DOWNTREND. Wish you all , Good luck.
? EUR/USD Analysis – January 30, 2025 ? Expectation: Euro to decline against the US dollar ? Entry Level: Break of 1.0384 ? Stop Loss: 1.0424 ? Target 1: 1.03094 ? Target 2: 1.02555 ? Reasons for Entering the Trade: 1️⃣ Technical Analysis: The price is approaching a key support level at 1.0384, and a break below could trigger further downside. 2️⃣ Monetary Policies: The ECB has cut interest rates to 2.75% to support the economy, weakening the euro. 3️⃣ Policy Divergence: The Federal Reserve maintains a tighter monetary stance compared to the ECB, strengthening the US dollar. 4️⃣ Trade Tensions: Potential new US tariffs on European imports could put additional pressure on the euro. 5️⃣ Weak Eurozone Economy: Recent PMI data indicates economic slowdown, reinforcing the bearish outlook. ⚠️ Disclaimer: This analysis is for educational purposes only and is not financial advice. Please manage risk wisely.
Showing a strong bullish momentum, there's probabilities that price will climb to the 106,440 level.