For many days this All Time High 0.5 Retrace has tortured the Bulls. PAYTIENCE required until broken, or trade the range.
?? ? #Entry: $2.46 ✅ (Breakout Confirmation) ? #StopLoss (SL): $2.29 ❌ (Support Level Protection) ? #Target1: $2.61 ? (First Resistance Level) ? #Target2: $2.82 ? (Major Resistance Level – Moon Shot! ?) ? #RiskReward: Favorable Setup! ? ? #Momentum: Strong bullish move ? ? #BreakoutTrading | #StockMarket | #ProfitToPath ? Plan your trade & trade your plan! ?? Let me know if you need refinements! ?
Concerns about a UK recession are intensifying, making a BoE rate cut next month likely. The recent December retail sales data from the ONS reveals a decrease of 0.3% compared to the previous month, a stark contrast to the market's expectation of a 0.4% increase. This clearly indicates that consumer apprehension regarding the economic downturn is escalating rapidly. The market firmly anticipates that the BoE will reduce interest rates by an additional 25bp during the monetary policy meeting on February 6. Furthermore, many analysts assert that, given the current state of the UK economy, the BoE is poised to execute four interest rate cuts this year. After breaking out of the ascending channel, GBPUSD trades sideways around 1.2450. However, the price holds above EMA21, indicating a potential for an extension of bullish momentum. If GBPUSD reenters the channel, the price could gain upward momentum toward the 1.2500 threshold. Conversely, if GBPUSD fails to hold above EMA21, the price could fall further to the support at 1.2350, where EMA78 coincides.
*On the 4H timeframe, XAU/USD has shown a clear CHoCH (Change of Character), with the previous Higher Low (HL) being broken, taking out Buy-Side Liquidity near the highs. Price is now trading within a supply zone, aligning with bearish order flow. On the 30M timeframe (see chart): • A CHoCH has been identified within the supply area, signaling a potential shift in direction. • Price looking to clear the inducement (IDM) before tapping into the zone, strengthening the likelihood of a sell-off. • I’m anticipating a reaction and continuation to the downside, targeting lower liquidity levels around $2,730.500. Key Points: • Bearish Bias from the 4H Supply Zone. • Liquidity grab + CHoCH on the 30M confirms bearish intent. • Targeting the lows near $2,730.500 for a high-probability trade setup. Trade Idea: Wait for confirmation within the 30M supply zone (e.g., a lower timeframe entry such as a CHoCH or breaker structure). Maintain discipline and proper risk management. What do you think about this setup? Drop your thoughts below! Bless Trading!
- Wedge Break - D50sma break - D8&21ema reclaim - $91.00 key lOI for push to the GP
? **??** ? **#Entry:** **$11.13** ✅ *(Breakout Confirmation)* ? **#StopLoss (SL):** **$10.21** ❌ *(Support Level Protection)* ? **#Target1:** **$12.03** ? *(First Resistance Level)* ? **#Target2:** **$13.06** ? *(Major Resistance Level – Moon Shot! ?)* ? **#RiskReward**: Favorable Setup! ? ? **#Momentum**: Strong bullish move ? ? **#BreakoutTrading** | **#StockMarket** | **#ProfitToPath** ? *Plan your trade & trade your plan!* ?? Let me know if you need refinements! ?
? ** ??** ? **#Entry:** **$11.00** ✅ *(Breakout Confirmation)* ? **#StopLoss (SL):** **$10.43** ❌ *(Support Level Protection)* ? **#Target1:** **$11.75** ? *(First Resistance Level)* ? **#Target2:** **$12.54** ? *(Major Resistance Level – Moon Shot! ?)* ? **#RiskReward**: Favorable Setup! ? ? **#Momentum**: Strong bullish move ? ? **#BreakoutTrading** | **#StockMarket** | **#ProfitToPath** ? *Plan your trade & trade your plan!* ?? Let me know if you need refinements! ?
I'm using VARAUSD for this tutorial presentation because that is the coin I am currently trading. In this tutorial I demonstrate how to locate nearly exact pivot points for great entry and exit opportunities to swing trade like a professional. Just remember, the levels need to be updated often. You cannot set them and forget them. Something I did not mention is that order walls MOVE and they move ALOT especially during an active pump or dump. Investors choose to pull order walls deciding not to sell in which case the price will continue up beyond that resistance area. In this regard, update your levels OFTEN. VARA is in a massive squeeze / range bound trading with accurate pivot points can lead to easy wins however, neglect your levels and get left behind!
- ATH Fib GP Break - 3 Bar Pattern - $62.00 Key Trigger - $63.20 / $65.00 / $66.00 LOI's above
We got nothing but chop pending news yesterday. Now that new is out the way...we are more likely to get a solid move. Just waiting for the killzone to make a decision on a direction. We need a nice pull back for a solid pull run so I will wait for it to pull outside of value.