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Chart Patterns

EURNZD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Short
by thegoldenbear
SUPRA chart analysisSo far I have called every move on SUPRA since joining the SUPRA tribe. What we see on this chart is SUPRA is in a downtrend still rejecting off fib pocket each time. I have not shown the fib indicators here to show this as the chart would be too messy. On the Stoch RSI we can see each time it crosses up as shown by the orange vertical lines, the price on the chart goes from the yellow arrow to the % as shown by the green price ranges. The Stoch RSI needs to get above 40 as it has not done so yet and this will break SUPRA out of the downtrend. Also the normal RSI is in a downtrend also as you can see. On the chart the 0.03252 yellow line is major resistance as well as the current green trendline keeping SUPRA in a downtrend. The current cross of the Stoch rsi shows an upward move already on the price chart and the estimated target which is exactly where the fib pocket is. If reject there price goes lower to 0.016 Do not forget to smash that rocket like button!
Long
by Pro_Trader_HTBB
GBPUSD ANALYSIS IS READY (READ THE CAPTION)This chart represents a technical analysis of the GBP/USD currency pair on a 1-hour timeframe. Here’s a detailed breakdown of the analysis: 1. Current Price Level: The price is trading around 1.24152, as shown by the highlighted blue "BUY" box. 2. Resistance Zone: A horizontal yellow line marks the key resistance zone around 1.2460–1.2547. This is where the price might struggle to move higher. A stop-loss level is clearly indicated at 1.25474, suggesting this is the invalidation point for short positions. 3. Support Zone: There is a clearly marked Target Zone at 1.22016, which serves as the price's potential downward target if the bearish scenario unfolds. The yellow horizontal lines below the current price represent support areas where buyers might re-enter the market. 4. Bearish Scenario: The blue arrows show a projected downward movement, indicating a possible price rejection from the resistance zone and a decline toward the 1.22016 target zone. The analysis suggests a head-and-shoulders pattern, with the red curve marking the "head" and signaling a bearish reversal. 5. Volume Profile: The bars on the right indicate trading activity at various price levels, showing a concentration of volume near current levels, which may act as resistance. This analysis seems to favor a bearish outlook, expecting a price drop after rejection at resistance. However, it is also safeguarded by a stop-loss to manage risk if the price breaks above the resistance.
Short
by Mr_Ethan1
Bearish reversal off pullback resistance?GBP/CAD is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support. Pivot: 1.7827 1st Support: 1.7663 1st Resistance: 1.7985 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Waiting for a long entry in 4H - swing trade opportunityMy overall bias for Solana is bullish.   The chart looks really good for the bull in the higher time frames such as monthly, weekly and 5D. I am considering to open a long position for swing trade and for that I us two time frames - daily for confirmation and 4H to identify an entry area. Daily chart: I use daily MACD to identify the general sentiment of the asset. If MACD is above 0, it is bullish. If it is below 0, it is bearish. Currently MACD is fully in the bull zone so I intend to open a long position. But it is the daily stochastic that gives me a signal the bullish momentum is on. Currently stochastic lines are pointing downwards.  So, even though daily MACD is bullish, daily stochastic is not giving me a signal to go to the lower time frame to start looking for a long entry. I need to wait for the stochastic to reset and start to move to the upside. 4H chart: MACD lines need to properly cross and point upwards.  RSI needs to stay above 50. Stochastics is not in the overbought territory.   If stochastics is already in the overbought territory, it might go through a minor correction, so it is worthwhile for 4H stochastic to reset. If the conditions above meet, I will open a position for swing trade.  I don't usually use leverage.  Occasionally I use 2x leverage.   The market is very choppy and I think market makers are out for liquidy hunting.  I personally don't think it is worth trading with high leverage unless you are a very skilled trader.  
COINBASE:SOLUSDLong
by EbonyFalcon