Buy OIL 71$ - 74$ zoneOil needs a temporary rest after the rapid pump it had. This rest is somewhere between $71 and $74. Since the oil trend is still bullish, it is not easy to enter the trade. It is reasonable to wait for the trend correction. The first definite target for oil according to the chart ahead is $82. However, in my opinion, the great oil cycle has begun to grow again and it has goals of close to $170 to $200 in the future. However, it is better to consider short-term goals. The final point, based on the analysis ahead, is that oil will definitely see a price of $100 again in the next few months.
Chart Patterns
PYRUSDT (VulcanForgedPYR) Updated till 24-01-25PYRUSDT (VulcanForgedPYR) Daily timeframe range. many alts got similar pattern. consolidating within tight range. this actually peoples packing bags so they can take chances on breakout. all it needs money flow. staying above 2.588 is more optimal here.
GBP/JPY SHORT FROM RESISTANCE
Hello, Friends!
GBP/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 194.854 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
Eurusd analysis move down read the caption This chart represents an analysis of the EUR/USD currency pair on the 1-hour timeframe. Below is a detailed breakdown of the key elements in the analysis:
1. CHoCH (Change of Character):
Multiple "CHoCH" labels are marked to signify reversals or shifts in market structure. These highlight areas where the price changes from a bullish to bearish trend (or vice versa).
2. BOS (Break of Structure):
BOS is labeled, showing significant points where price breaks through key structural levels, confirming continuation or reversal trends.
3. EQH (Equal Highs):
Equal highs indicate potential liquidity zones where stop-loss orders may be positioned. These zones are likely to be targeted by the market.
4. Weak Highs and Trendline:
A weak high is identified within the red zone, suggesting a lack of strength to continue upward. This creates a bias for potential downward movement.
The yellow and blue trendlines illustrate a descending wedge pattern, highlighting bearish pressure.
5. Target Zone (1.03411):
A blue box around 1.03411 represents the target price area for potential bearish moves, aligning with the downward arrow projections.
6. Bearish Plan:
The analysis expects a downward trajectory after a liquidity grab (red arrows) and weak highs. The market is forecasted to form lower highs and lower lows, eventually reaching the target zone.
This is a structural and liquidity-based analysis indicating bearish expectations while leveraging trendlines, BOS, CHoCH, and liquidity zones.
Eth Usdt Daily chart analysisEth Usdt Daily chart analysis
Simple buy now thanks me later
its a big double bottom & W pattern completion
i saw this pattern most of the time full filled
its very very golden opportunity or a free money don't miss it
cheers immediately support my idea and like and comment to reach more community with this awesome trade i can bet on it we will rise huge and quickly
cheers thanks me later if u benefited with my trade
EURUSD rising map#EURUSD has a nice rising pattern in 4 reasons :
1) there is a W harmonic pattern which its fibo 127% level touches the lowest
2) we hada sharp rising spike in past if you set a retracement fibo on in the lowest touches the 62% level
(we have an overlap of fibo retracement and extension on lowest)
3) there is a 5 wave descending wedge that makes the market rise
4) the market hit a perfect demand in the lowest price
Bullish breakout?AUD/CHF is reacting off the pivot and could potentially rise to the 1st resistance.
Pivot: 0.5697
1st Support: 0.5657
1st Resistance: 0.5752
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.
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.
Ethereum (ETH/USDT) Approaching a Critical Breakout Zone – What’The Ethereum (ETH/USDT) 4-hour chart showcases a classic symmetrical triangle pattern, signaling a potential breakout. The market is currently in consolidation, with price action coiling tightly within key trendlines. Here’s what stands out:
Symmetrical Triangle Formation:
ETH is trapped within lower highs and higher lows, forming a compression zone. A breakout in either direction is highly likely in the coming sessions.
Volume Analysis:
Diminishing volume suggests that market participants are waiting for confirmation before entering large positions. Expect a significant increase in volume to accompany the breakout.
Momentum Indicators:
RSI: Positioned near the midline, indicating a neutral state but ready to show strength depending on the breakout direction.
MACD: Neutral with slight bullish/bearish divergence possibilities. Watch for crossover signals to confirm momentum shifts.
Break of Structure (BOS) & Change of Character (Choch):
The chart reflects multiple instances of BOS and Choch, showing indecision in the market. The current price action indicates consolidation before a major move.
Key Levels:
A breakout above the upper trendline could lead to a continuation of the previous trend.
A breakdown below the triangle base could open up opportunities for shorts or retracements.
Trading Strategy:
Wait for a confirmed breakout with a retest to validate the direction.
Combine breakout confirmation with volume and momentum signals for optimal entry.
Advice:
Market conditions are dynamic—always prioritize risk management. Tighten stop-loss levels and stick to your strategy to protect capital during periods of uncertainty.
Bullish bounce?GBP/AUD is falling towards the pivot and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.9486
1st Support: 1.9362
1st Resistance: 1.9722
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.
XAUUSD WILL CREATE NEW BULLISH TRACK.Hello My Fellow Traders, What do you think about XAUUSD market. Gold wants to create new high coz dollar weakness .XAUUSD is in crazy mood .
XAUUSD DICISION LEVEL:2745
Current Price: 2754
SUPPORT Areas: 2745_2740
RESISTENCE Areas:2780_2790
NOTE: kindly support and comment for more latest update.
AUD/USD - Strong Long Position. I have a very strong Long position Analysis... Let me explain.
Starting in the Higher Time Frames. On the current weekly time frame is very simple to see that we are Bearish, but... Lets check out the Daily. Firstly I notice we have made a double top acting in my opinion as a magnet for price to sweep out. We have also have a lot more volume in this market of Buyers at the strong support area that we are in the long term.
Checking out the 4H we are making strong HH's and price clearly has been making successful pushes off the Mitigation Blocks repeatedly. On the most recent push we can measure out using the Fib that price has NOT returned back into the Discount zone as of yet meaning we have spotted a nice potential setup for a long position.
Looking for our ENTRY: Once again I would like to make a trade opportunity taking positions off the mitigation blocks. As long as we dont take out the Daily Strong Low im happy to take long positions. I will be keeping a close eye on Price action in this Market
Good luck to all the traders the decide to follow
Could the price drop from here?EUR/GBP is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which is a pullback support.
Pivot: 0.8434
1st Support: 0.8391
1st Resistance: 0.8473
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.
BITCOIN WILL GIVE RETRACMENT. (READ CAPTION) Hello my fellow traders, what do you think about BTCUSD market.
BTCUSD is ready to fly means ready to give us retracement.
It's made double bottom patterns. BTCUSD rejected by the supporting area.
CURRENT PRICE: 101800
SUPPORT AREA:101800_101200
DEMAND ZONE:103500_105200
NOTE:Kindly support and comment and like.
Bitcoin Bullish or Consolidating 🚀 Bitcoin Price Action Update 🧑💻
I was asked for my thoughts on Bitcoin with the USA embracing crypto. Here's my technical analysis:
📈 Current Outlook:
Bitcoin is trading strong bullish above a rising trendline. You can see my bullish anticipation on the chart.
⚖️ Balanced Perspective:
As an insight provider, I avoid locking into one bias. Markets fluctuate, and probabilities matter. An alternative scenario could see Bitcoin range between horizontal Resistance and Support, or even break the rising trendline.
⏰ My Trading Approach:
I enter trades on lower timeframes for precision, but I rely on daily and sometimes weekly timeframes to confirm major trend directions.
What's your take? Share your thoughts below! 👇
#CryptoAnalysis #Bitcoin #PriceAction #TechnicalAnalysis
CHFJPY SHORTMarket Analysis:
Asset: CHF/JPY
Timeframes:
1-Hour: Bearish divergence confirmed (lower highs on RSI, higher highs on price).
4-Hour: Bearish trendline tested and respected (3 touches for confirmation).
Bias: Bearish.
Trade Setup:
Entry Point:
Enter a sell position after price rejects the 4-hour bearish trendline.
Look for confirmation such as a bearish engulfing candle or rejection wicks on the 1-hour chart.
Stop-Loss:
Place stop-loss above the recent high (or above the 4-hour trendline for safety).
Take-Profit Levels:
TP1: Near the previous 1-hour swing low.
TP2: Strong support level on the 4-hour chart.
Risk Management:
Position Size: Risk no more than 1-2% of your trading capital.
Risk-Reward Ratio: Aim for a minimum 1:2 R/R ratio.
Additional Confirmation:
Indicators:
RSI: Bearish divergence aligns with overbought conditions.
MACD: Look for bearish crossover confirmation.
Candlestick Patterns: Watch for reversal candles (e.g., bearish engulfing, shooting star).
Its Time For Ethereum 📈 Ethereum Made a ABC Corrective Move After Rejected From 4100$ Top And Currently The Price Bounced From a 1.272% PRZ And Playing Below The Bull Flag Trend Line, My Expectation Is The ETH Price Is About To Breakout From a Trend Line Toward a 3850$ As a First Target And Then Breakout From a 4100$ Top Toward a 4840$ As a Main Station
Heading into overlap resistance?GBP/CHF is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 1.1248
1st Support: 1.1190
1st Resistance: 1.1297
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.
Pancake Swap (CAKE): Price at Crucial Support Zone!!Pancake swap coin seems about to bounce toward the unfilled CME gap.
As price has fallen back to the support zone and we see some buying volume is building up there, we are seeing possibilities of pushing from here, but we wait for further confirmations.
On the other hand, if we see sellers dominance near the local support zone, then we will go for a free fall of 10-15%.
Swallow Team