there is sell setup formed in gold chart 15 min....so my sl will be the last high swing in 15 min chart and my tp will be between fibo61 and 78 last wave up...so here we go again on gold sell
It looks like you're setting up a sell trade on the GBP/USD pair, also known as the Cable. Here are the details: _Sell Trade_ - _Entry:_ 1.24000 - _Target:_ 1.23500 This means you're looking to short the GBP/USD pair at 1.24000, with a target profit of 50 pips at 1.23500. Please keep in mind that you should also set a stop loss to limit potential losses. What's your stop loss level for this trade? Additionally, what's your analysis behind this trade? Are you looking at any specific technical or fundamental factors that suggest a potential downturn in the GBP/USD pair?
Hi guys, here is the plan for XAUUSD, please like and follow me for more updates.
1. Identified Support and Resistance Levels: Resistance Zone: The chart highlights a resistance area between approximately 15,700 and 15,900. This zone has previously acted as a ceiling, preventing upward price movement. Support Levels: Support is noted around 15,200 and 14,800, serving as floors where buying interest has historically emerged. 2. Trend Analysis: Current Trend: The NAS100 appears to be in a consolidation phase, oscillating between the identified support and resistance levels. Potential Breakout: A decisive move above the 15,900 resistance could signal the continuation of the bullish trend, while a drop below 14,800 might indicate a bearish reversal. 3. Technical Indicators: Relative Strength Index (RSI): The RSI is approaching overbought territory, suggesting that the upward momentum may be weakening. Moving Averages: The chart shows the 50-day and 200-day moving averages, with the 50-day MA trending above the 200-day MA, indicating a bullish alignment. 4. Chart Patterns: Ascending Triangle Formation: The price action appears to be forming an ascending triangle, characterized by rising lows converging toward a horizontal resistance line. This pattern typically suggests a potential bullish breakout. Conclusion: The NAS100 is currently trading within a well-defined range, with key resistance around 15,900 and support near 14,800. The ascending triangle pattern, combined with the bullish moving average alignment, indicates a potential upward breakout. However, the approaching overbought RSI warns of possible short-term consolidation or a minor pullback before any significant move. Recommendations: For Long Positions: Consider entering after a confirmed breakout above 15,900, with increased volume as confirmation. For Short Positions: A break below the 14,800 support could provide an opportunity, especially if accompanied by a bearish crossover of moving averages. Risk Management: Implement stop-loss orders just below support levels for long positions and above resistance for short positions to mitigate potential losses.
This analysis is an update of the analysis you see in the "Related publications" section Please note that we are in complex corrections, and trading in these areas requires thorough analysis. We aim to update our analyses step by step. In such conditions, it’s better to analyze the data rather than make predictions. According to the previous analysis, we expect the price to reach the green zone. The demand and supply zones in this analysis have been updated. On the green zone, the price could potentially bounce upwards. A daily candle closing below the invalidation level will negate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
It looks like you're setting up a sell trade on the EUR/USD pair. Here are the details: _Sell Trade_ - _Entry:_ 1.03500 - _Target:_ 1.03200 - _Stop Loss (SL):_ (not specified, please make sure to set a stop loss to limit potential losses) To confirm, you're looking to short the EUR/USD pair at 1.03500, with a target profit of 30 pips at 1.03200. Please make sure to set a stop loss to manage your risk. What's your risk management strategy for this trade? Would you like to discuss more about this setup or explore other market-related topics?
For clarity, I’ll show everything on a line chart. There isn’t much to illustrate here: a descending channel starting from the listing, within which the most likely scenario is an extreme drop to the 3279-2665 area. This is the capitulation zone, from where a reversal is most likely to occur. It’s also worth noting that volumes are already decreasing, which is a good sign of an upcoming trend reversal in the near future.
Here on Audchf price is likely to rise and but may fall big is reach to a reesistace area so trader should go for should go for short at 0.56520 and set stoploss of 0.56647 with take profit of 0.56150 . Use money management
DNO looks very strong here. There’s a gap between 11.82 and 11.92 that seems likely to be filled. We’ll probably see a retest around 11.40–11.00 before the price manages to break above 12 NOK again.
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