Sell GBP/USD Bearish ChannelThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.3060, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2985
2nd Support – 1.2953
Stop-Loss: To manage risk, place a stop-loss order above 1.3100. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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Thank you.
Channeltrend
EURUSD / UNDER FOMC PRESSURE / 4HEURUSD / 4H TIME FRAME
HELLO TRADERS
The price has declined by 60% after breaking out of a channel .
Currently, the price is approaching a demand zone between 1.093 and 1.091. This zone is where buyers may step in, stabilizing the price.
If the price stabilizes within this demand zone, it is expected to bounce up to the FVG between 1.098 and 1.102. The FVG represents a gap in the price where there was little trading, which often acts as a price target for retracement.
If the price breaks through the FVG, it could rise further, targeting the supply zone between 1.105 and 1.108, where sellers may re-enter the market and apply downward pressure.
On the downside, if the price fails to hold in the demand zone (1.093 to 1.091), it may decline further to another liquidity or demand zone around 1.088, where buying interest could once again materialize.
Supply Zone : 1.105 and 1.108.
Demand Zone : 1.093 and 1.091.
FVG : 1.098 and 1.102.
USDJPY / TRADING ABOVE DEMAND ZONE AND FVG / 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
Current Price Action , Prices are currently trading below the supply zone between 148.623 and 149.360 , The next target seems to be the demand zone (A) between 147.164 and 146.062.
Potential Outcomes , If prices reach the demand zone (A) and hold above it, a bullish reversal may occur, potentially pushing prices back toward the supply zone ,If prices break below demand zone (A), they may drop to the Fair Value Gap (FVG) zone (B) between 145.321 and 144.268.
Further Movements , If prices stabilize below zone (B), the next targets would be zone (C) around 142.817 and further down to 141.801 , Conversely, if prices stabilize above demand zone (A), it indicates potential upward momentum, aiming back toward supply zone 148.623 to 149.360.
Supply Zone : 148.623 and 149.360.
Demand Zone : 147.164 and 146.062 , 142.817 and 141.801.
FVG :145.321 and 144.268.
XAUUSD / BREAKOUT CHANNEL / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
You’re observing a bearish trend, meaning prices are moving downward or are under selling pressure. This could be due to various factors such as a correction after an uptrend, external market conditions, or the asset hitting resistance zones.
The Fair Value Gap (FVG) is a price range that was quickly passed through during a previous move, creating an imbalance in market orders (usually between aggressive buyers and sellers). These gaps often act as key levels of interest where prices may retrace.
FVG Resistance Zone: You have identified an FVG between $2,621 and $2,637. As long as the price stays below this range, it indicates bearish sentiment and the likelihood of further decline ,This gap can act as a resistance zone, meaning price is struggling to rise above it due to strong selling pressure in that range.
If the price fails to break above the FVG resistance zone, you expect it to continue declining, with targets at:
Demand Zone $2,604 to $2,595: This is an area where buyers previously stepped in, causing prices to rise. It acts as support and a potential reversal point. If the price reaches these levels, you expect some buying interest to potentially stabilize or reverse the trend.
However, if the price breaks below the $2,595 support level, it could signal a deeper bearish move.
If the price manages to break above the FVG (i.e., trades above $2,637), this would suggest a potential bullish reversal or upward momentum, leading to the next key levels:
Supply Zone $2,645 to $2,652, This is where sellers previously overwhelmed buyers, and price dropped. Reaching this zone could lead to consolidation or resistance unless there is enough buying power to push through.
Uptrend Confirmation , To confirm a more sustained uptrend, the price needs to break above the $2,652 level. A successful breakout here could lead to a move toward the next target of $2,664.
Tata Power Co. Ltd. - Technical OverviewTarget Price: ₹560 (As per Nomura's analysis)
Price Action: The stock is currently trading at ₹456.90 (+3.54% for the day). It has been in a steady uptrend, following a clear rising channel since early 2024, supported by both the 50-day and 200-day moving averages, which indicates long-term bullish momentum.
Key Levels:
Support: ₹435.50 (currently a strong support level near the lower trendline)
Resistance: ₹507.40 (the recent upper boundary of the trend channel)
Target Price : ₹560 (suggested by Nomura)
Trend Channels:
The stock has formed a well-defined ascending channel , where the price tends to respect both the upper and lower boundaries.
Recent pullbacks toward ₹435.50 suggest that the stock is consolidating before a potential bounce toward ₹507.40, and possibly ₹560 in the medium term.
Price Momentum:
RSI: The Relative Strength Index (RSI) suggests that the stock is not in overbought or oversold territory, signaling healthy price momentum.
Volume : Notice the spike in volume during price rallies, reflecting strong market interest and confirmation of price movements.
Outlook:
Given the current market setup, Tata Power is showing signs of continued bullish momentum within its trend channel. A move beyond ₹507.40 could trigger further buying, pushing the stock towards ₹560 in the medium term. Any price retracements to the ₹435 level can be seen as a potential buying opportunity, given the channel support.
Chart Details:
Green Lines : Support and resistance levels.
Blue Channels : The stock’s rising trend, representing medium-term bullish momentum.
Volume: Key volume spikes highlight investor activity during price jumps.
BITCOIN / UNDER BULLISH PRESSURE / 1HBITCOIN / 1H TIME FRAME
HELLO TRADERS
Overall Bullish Pressure , The market is expected to generally favor upward movement.
Key Resistance Level - 62,413 , If Bitcoin remains below this level, it indicates potential bearish momentum, pushing the price toward a demand zone between 61,251 and 60,717. A break below this zone could signal further declines.
KeySupportLevel62,413 , Conversely, if Bitcoin trades above 62,413, bullish momentum is expected, with the price potentially rising to an FVG (Fair Value Gap) area between 63,077 and 63,557.
Further Upside , A break above the FVG area could see the price rising into the supply zone between 63,889 and 64,165, where selling pressure may increase.
Supply Zone : 63,889 and 64,165.
Demand Zone : 61,251 and 60,717.
FVG : 63,077 and 63,557.
NAS100USD / UNDER DOWNWARD PRESSURE / 1HNAS100USD / 1H TIME FRAME
HELLO TRADERS
Price Range Observation , The asset is currently moving within a tight range between 19.908 and 19.651. This range suggests a short-term consolidation or indecision in the market, where neither buyers nor sellers are dominant.
Tight trading ranges often precede a breakout, either upwards or downwards, depending on key factors like volume, momentum, and news.
Attempt to Enter the Fair Value Gap (FVG) ,The price is attempting to move into the Fair Value Gap (FVG), a region between 19.910 and 20.078. This area represents an imbalance created by previous fast price action, typically due to market inefficiencies, and traders often look for price to revisit these gaps to either confirm a reversal or fill the gap.
As long as the price trades below 19.998 within this FVG, there’s a tendency to decline. This indicates that 19.998 acts as an important resistance.
Traders may look for short positions if the price remains below this level, anticipating a potential drop.
Potential Decline to Demand Zone , If the price remains under the key resistance level of 19.998, the analysis suggests a downward move toward the demand zone between 19.743 and 19.701 , This demand zone is likely an area where buyers previously showed strength, and there’s a chance that it could serve as a support level again. If buyers step in here, the price may stabilize or rebound.
Bullish Breakout Scenario . If the price breaks above 19.998 and closes a 4-hour candle above this level, it indicates the possibility of a bullish breakout. The break above resistance signifies a potential shift in momentum.
The next target would be the supply zone between 20.078 and 20.155, which is where sellers may start to exert pressure. Traders might expect profit-taking or a reversal in this area.
Overall Sentiment , Downward Pressure: The overall sentiment remains bearish, and the market is facing downward pressure unless the price successfully breaks above key resistance levels.
Caution for Bullish Traders , Bullish traders need to wait for clear confirmation of a breakout above 19.998 before entering long positions to avoid false signals.
Supply Zone : 20,078 and 20,155
Demand Zone : 19,743 and 19,701
FVG : 19,910 , 20,078
XAUUSD / TRADING ACCUMULATION ZONE / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
Zone A (2,659$ - 2,653$) , The price is currently attempting to stabilize within this range.
If stabilization occurs, it suggests a potential breakout to reach the demand zone (2,631$ - 2,623$).
Demand Zone (2,631$ - 2,623$) , If the price breaks below Zone A, this demand zone is the next target , A breakout from this zone could lead to a rise towards Zone B.
Zone B (2,664$ - 2,672$) , If the price breaks into Zone B, remaining stable suggests a potential decline back to Zone A and possibly lower to the demand zone , However, if the price breaks above Zone B, it may aim for Zone C.
Zone C (2,681$ - 2,685$) , A breakout above Zone C could lead to further increases, but stabilization here may result in a decline back to Zone B or lower to Zone A.
Historical Zone (2,700$ - 2,710$) , Breaking the key resistance levels could indicate a move towards this new historical range, suggesting bullish sentiment.
Supply Zone : 2,659$ - 2,653$ , 2,664$ - 2,672$ , 2,681$ - 2,685$.
Demand Zone : 2,631$ - 2,623$.
Microsoft - We Will See A Correction!Microsoft ( NASDAQ:MSFT ) can actually create a correction:
Click chart above to see the detailed analysis👆🏻
Microsoft is one of the strongest stocks over the past decade and also over the past couple of months, there was no clear sign of weakness. Therefore, it is actually not extremely likely that a correction will happen, but if it does, this will offer a long term texbook trading opportunity.
Levels to watch: $420, $350
Keep your long term vision,
Philip (BasicTrading)
XAUUSD / UNDER TENSTION IN THE MIDDLE EAST / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
The text refers to the NFP (Non-Farm Payroll) news, which typically has a strong influence on the financial markets. In this case, it states that after the NFP announcement, gold prices declined by 0.45%. This indicates that the market reacted to the news with a short-term bearish movement, likely due to positive employment data leading to expectations of tighter monetary policy.
Current Price , Gold is currently trading above an FVG (Fair Value Gap) area, specifically around $2,648 to $2,644. An FVG is a technical term often used to indicate areas where the price may have gaps or imbalances from previous trading activity, often suggesting potential price support or resistance.
As long as the price remains above the FVG, the text suggests a bullish continuation, with gold possibly increasing towards a supply zone between $2,664 and $2,670. If gold breaks above this supply zone, the text predicts that it could reach ATH (All-Time High) levels at $2,685.
On the other hand, if gold breaks below the FVG area, with confirmation from a 4-hour candle close, the text predicts a decline towards a demand zone between $2,631 and $2,623. This would indicate a shift in sentiment to a more bearish outlook in the short term.
The overall sentiment is bullish as long as prices stay above the demand zone and within the mentioned price ranges. The range of $2,685 to $2,623 is key to monitor, with any move beyond these levels signaling potential continuation or reversal of the current trend.
Supply Zone: 2,664$ and 2,670$.
Demand Zone: 2,631$ and 2,623$.
FVG: 2,648$ and 2,644$.
USDJPY / BY BREAKING SUPPLY ZONE / 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
The price has broken out above 147.218, and there is currently bullish pressure , The price is attempting to reach a supply zone between 148.626 and 149.340.
For the uptrend to be confirmed, the price must break above this supply zone. If successful, the price could then aim for the next target at 150.790 (the supply line).
If the price fails to hold above 147.218 during a retest, this could signal a decline , Breaking below 147.218 might lead to a drop towards favorable value gaps (FVG) at 145.363 and 144.332.
Supply zone : 148.626 and 149.340.
Demand zone : 142.546 and 141.687.
FVG : 145.363 and 144.332.
XAUUSD / UNDER NFP PRESSURE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
After a 1.16% increase in gold prices yesterday, today’s trading shows bearish pressure.
The Non-Farm Payrolls (NFP) news is anticipated to cause significant price movement in the gold market.
If prices remain below the $2,664 to $2,670 range, it suggests a potential decline toward the demand zone between $2,644 and $2,637.
Conversely, if the demand zone is broken and prices stabilize above it, the next target would be the supply zone at $2,681 to $2,686.
Overall Trend , Despite the short-term bearish pressure, the general trend for gold remains upward.
Supply Zone: 2,681$ and 2,686$.
Demand Zone : 2,644$ and 2,637$.
EURUSD / TRADING ABOVE DEMAND ZONE - 4HEURUSD / 4H TIME FRAME
HELLO TRADERS
The price is currently trading above a demand zone (an area where buying interest is expected to increase) between 1.102 and 1.100.
It suggests that as long as the price remains above this zone, there may be a retest (a drop to the 1.100 level) before the price starts to rise again.
The next likely target is an FVG (Fair Value Gap, which refers to a price inefficiency) between 1.108 and 1.109.
Beyond that, there’s another FVG around 1.111 and 1.113.
On the other hand, if the price breaks below the demand zone (1.100) and closes a 4-hour candle beneath it, this indicates further downside movement.
The next downside target would be the FVG between 1.097 and 1.094.
Supply Zone : 1.120 and 1.121.
Demand Zone : 1.102 and 1.100.
FVG : 1.108 and 1.109 , 1.111 and 1.113.
USOIL / BREAKOUT THE CHANNEL / 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
The asset has broken out of a channel and is experiencing bullish pressure. This suggests that the asset’s price is moving upwards after a period of consolidation.
The asset is trading above a supply zone around 74.37 to 73.69. A retest of this zone may occur before prices begin to rise again, targeting a higher supply zone between 76.85 and 77.60.
If the price breaks 73.59, it indicates a potential move to a Fair Value Gap (FVG) between 73.07 and 72.15 , his is a zone where price inefficiencies may exist.
If prices stabilize below the FVG zone, it could lead to further declines towards a demand zone between 73.07 and 72.12. This suggests a potential bearish reversal.
Supply Zone : 76.85 and 77.60.
Demand Zone : 73.07 and 72.12.
FVG : 73.07 and 72.15.
USDJPY / UNDER BULLISH PRESSUE / 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
after breakout from a channel, leading to a price increase of 1.82%. The breakout signals potential for further upward movement.
The price is expected to retest a Fair Value Gap (FVG), which is a technical term in trading that represents an area on the chart where price moved quickly, leaving little to no volume. The specified FVG zone is between 145.303 and 144.367. A retest of this area could indicate the market finding support here.
If the price remains above this FVG area and stabilizes, there is an expectation of further increases, potentially reaching the supply zone between 147.602 and 149.360. This suggests that the supply zone is where there could be selling pressure.
A break above the supply zone would indicate even more upside potential for prices.
On the downside, if the price closes a 4-hour candle below the FVG area, the expectation is for prices to decline. This could lead the price to a demand zone between 142.672 and 141.736, suggesting buying interest might come in at this level.
Supply Zone : 147.602 and 149.360.
Demand Zone : 142.672 and 141.736.
FVG : 145.303 and 144.367.
AUDUSD / AFTER BREAKOUT THE CHANNEL - 4HAUDUSD / 4H TIME FRAME
HELLO TRADERS
After the breakout channel , the price continues to rise, indicating the market is in an uptrend and buyers are dominating, putting upward pressure on the asset.
The price level of 0.689 is identified as a key support level. As long as the price stays above this, the uptrend is likely to
If the price remains above 0.689, the analysis expects it to move toward the supply zone between 0.697 and 0.701, where there might be resistance or selling pressure.
If a 4-hour candle closes below the 0.689 support level, it signals a potential bearish move. In this case, the price may decline and head towards the demand zone between 0.683 and 0.680.
My Target : supply zone between 0.697 and 0.701.
EURUSD / TRADING UNDER DOWNWARD PRESSURE - 4HEURUSD / 4H TIME FRAME
HELLO TRADERS
The prices are currently trending lower, indicating a bearish market sentiment. The next move depends on whether the prices break below or hold certain levels.
Zone between 1.112 and 1.110 , This is identified as a key demand zone, meaning buyers may step in here to prevent further decline. If prices hold in this zone, there’s potential for a reversal upward.
If the price closes below this range based on a 4-hour candle , it suggests continued bearish momentum.
If prices fall below the demand zone, the next target would be between 1.107 and 1.104. This area is likely seen as a FVG , where the price may stabilize or find new demand.
Stabilizing above 1.112 indicates bullish strength and suggests potential upward movement ,The next resistance levels are 1.117 and, if broken, the price could further rise to 1.122.
Supply Zone : 1.117 and 1.125.
Demand Zone : 1.112 and 1.110.
FVG : 1.107 and 1.104.
XAUUSD / UNDER TENSTION IN THE MIDDLE EAST - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
The conflict between Iran and Israel has caused a rise in gold prices by 1.80%. Gold, often seen as a safe haven asset, tends to rise in response to global instability.
Prices are currently attempting to reach $2,637 and $2,614.
The all-time high (ATH) price is mentioned as $2,686, with a supply zone extending to $2,720. The text suggests that if prices break above this ATH, they might enter a new supply zone between $2,700 and $2,720.
If gold fails to stay above the supply zone between $2,686 and $2,675 , a decline is expected, possibly reaching the demand zone of $2,637 and $2,614. If prices stabilize below these levels, further declines are predicted.
Despite short-term fluctuations and potential declines
the overall sentiment is bullish, indicating that gold prices are under upward pressure in the long term.
Supply Zone : 2,675$ and 2,686$.
Demand Zone : 2,637$ and 2,624$.
Accumulation Zone : 2,527$ and 2,474$.
NAS100USD / TRADING INSIDE FVG AREA - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
FVG Area (19,880 - 20,098) , The price is attempting to reach a Fair Value Gap (FVG) area. This suggests that the market is looking for equilibrium within this range. The mention of trading and stabilizing in this range implies that consolidation is happening, and a decision on future direction may follow.
Possible Decline to Demand Zone (19,540 - 19,367) , If the price doesn't sustain upward movement within the FVG and begins to weaken, it suggests a potential decline toward the demand zone. Demand zones are areas where buying interest is strong, potentially providing support for the price.
Breaking FVG Area Could Lead to Rise (20,328) , If the price breaks above the FVG area, it is expected to rise, with the next target being the supply line around 20,328. Breaking this level could signal an uptrend.
Uptrend Confirmation (20,654 - 20,785) , For a confirmed uptrend, the price would need to break through this supply zone. Supply zones often represent resistance areas where selling pressure could halt upward momentum.
Supply Zone : 20,654 and 20,785.
Demand Zone : 19,540 and 19,367.
FVG : 19,880 and 20,098.
Nasdaq - Another +50% From Here!Nasdaq ( TVC:NDQ ) just broke out of a major channel:
Click chart above to see the detailed analysis👆🏻
It really seems like the Nasdaq is about to repeat the breakout behaviour of 2020. However, last month the Nasdaq showed some significant signs of weakness and vulnerability. The next couple of months will be very decisive, but the past of least resistance still seems towards the upside.
Levels to watch: $20.000, $25.000, $16.000
Keep your long term vision,
Philip (BasicTrading)
XAUUSD / SENSETIVE AREA TRADING - 4HXAUUSD / 4HTIME FRAME
HELLO TRADERS
Yesterday: Gold prices declined by 1.70%.
Today: Prices began to recover, rising by 0.95%.Analysts expect a further increase in prices, potentially reaching gains of 1.50%
Gold is currently trading below a supply zone between $2,655 and $2,665. This zone represents a key resistance level, where sellers may dominate and prevent further price
If gold continues to trade below the $2,655–$2,665 supply zone, it could decline further, with support levels at $2,637 and $2,614.
If the price breaks above the supply zone, it may rise towards $2,686, a potential resistance level.
Despite the recent dip, the market is under bullish pressure, indicating that buyers are still in control and could push prices higher in the near future.
Supply Zone : 2,655 and 2,665$.
Demand Zone : 2,637$ and 2,614$.
NAS100USD / TRADING INTO SENSITIVE AREA - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
The statement mentions that prices began to increase by 10.95% at the beginning of September.
This indicates a strong bullish trend at the start of the month, reflecting optimism in the market or strong performance from NASDAQ 100 constituent companies.
Yesterday's drop of 1.61% indicates a short-term bearish move, suggesting market sentiment has turned negative or there's profit-taking after the earlier rally.
The expectation of a further decline of 2.35% and potentially 3.92% implies that the current bearish sentiment may persist.
Technical Analysis:
Current Market Condition:
The statement suggests that the NASDAQ 100 is trading in a sensitive range between 20,330 and 19,954, and that breaking either of these levels will determine the market's direction.
Upward Condition:
- Target 1: If the price trades above 20,330, it's expected to rise to 20,795.
- Target 2: If the price stabilizes above 20,795, the next target is 20,980.
Downward Condition:
- If the price falls below 19,954, it suggests a potential decline:
- Target 1: A decline to 19,884.
- Target 2: If it breaks below 19,884, further decline is expected to 19,335.