Would love to see a strong break and close well above the daily level to increase my confidence in this idea at least hitting my initial tp.
Disclaimer: This is not a trading advice but a personal analysis. Greetings! what do you think about this analysis. Current Price Now: 2770 Gold is ready to hit new "All Time High". Because market tested all lower positions but could not change the trend. USD's continuous devaluation and the crisis in the Middle East are the reason behind bullish trend in XAUUSD. Gold is currently working under bullish parallel pattern and trying both lower lows and higher highs but it has shown support to bulls. Now market's next move will be to break the last All Time High to give us a new All Time High. Support Areas: 2760, 2745 Resistances: 2788, 2820 Demand Zone: New ATH 2820 Like, comment and support for more updates. Thanks for support
Smart money believes in $OM. ? $20M exited Binance—#MANTRA’s pump looks inevitable. Are you positioned?
SC has been forming a triangle since 2018. Breaking $0.0025 invalidates the idea Passing $0.0230 should confirm targeting a new ATH. #Siacoin
This weeks swing trade we are targeting a pullback to previous support before entering a buy. Target for the sell entry first is enter at 2769 expecting to bounce at resistance at 2747 for a gain of 226 pips. On the buy side looking at entering at 2745 expecting a push to 2799 for a swing of 543 pips. Trade is based on higher time fram analasis of both support and resistance plus trend lines . As always with these type of trades use reduced lot size so you can afford to stay in the trade with drawdown longer. For the last week we have seen Gold make a new all time high and 2800 will be tested this week. Last weeks trade never activated but the bullish direction was right. Hope we all have a good week in trading this week , ill update as the week goes on
Hello, this is my Pattern ID Exercize for EURGBP on 25/01/2025. Will appreciate your feedback
If the data realese higher than forecast, dollar may go to bulish but its just become correcton before continue the bearish trend.
PSNL: optimal entry -Change of character confirmed. -Swinging on down channel reaccomulation with low vols. -Forming Cup and Handle pattern. -Demand zone, key level support. . US STOCKS- WALL STREET DREAM- LET'S THE MARKET SPEAK!
Resistance Rejection: Price rejected at a horizontal resistance zone, showing bearish pressure with wick formations indicating seller dominance. Trendline Respect: Price respects a descending trendline, supporting bearish continuation probabilities. EMA Confluence: Below the 50 EMA, signaling weakening bullish momentum. Volume Decline: Reduced buying volume suggests fading demand, aligning with bearish sentiment. Indicators Align Bearish: RSI trending downward near midline. MACD showing a potential bearish crossover. Risk/Reward: Favorable 2.09 ratio, with clear invalidation above resistance and significant downside potential. Cloud Base Test: A break below the Ichimoku Cloud base could accelerate bearish movement. Probabilities: Bearish Continuation: ~65%. Bullish Recovery: ~35%. Plan: Entry: On a breakdown below horizontal support. Stop Loss: Above resistance. Target: Next support zone or lower trendline. Multiple confirmations favor a short trade setup. Manage risk effectively.
Hello, Traders! After an incredible rise of over 600% just in one month, Stellar (XLM) has retraced 50% but is still trading an impressive 400% higher than its November price. This kind of volatility is a natural part of the crypto market and can often present lucrative opportunities for those who know how to navigate it. At this point, for XLM to regain its bullish momentum, the price must break above the $0.50 level and hold there consistently. A breakout above this psychological and technical resistance could signal the start of another leg up in its recent uptrend. This scenario becomes even more likely considering Bitcoin current price action. With BTC trading above $100k and BTC.D hovering at a resistance area of 59%, we could see a rotation of capital into altcoins like XLM if BTC.D starts dropping. Historically, altcoins tend to surge when Bitcoin dominance declines, and Stellar is well-positioned to capitalize on such a shift. As for the downside, I don’t anticipate XLM falling below the $0.39 support level. In fact, there’s strong evidence that the recent dip to the $0.32 area marked a local bottom, supported by key technical indicators and buyer activity in that zone. If you're trading XLM, keep a close eye on these levels and be ready to act if the $0.50 resistance is broken. Remember, patience and disciplined risk management are key in markets like these. Please don’t forget to boost this idea and leave your comments below.