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Double Top or Bottom

EURGBP Technical Setup: 1:3 R:R Opportunity on RetestAfter the drop to 0.8250 — a level not touched since 2022 — EURGBP rebounded to 0.8450 before starting another decline. However, the 0.8250 support held firm once again, a higher low follow, and EURGBP eventually broke above 0.8450, confirming a double bottom pattern. Price acceleration quickly took the pair above 0.8700, and now EURGBP is undergoing a normal correction. The broken neckline at 0.8450 now acts as clear support. Traders could look to buy near the 0.8450 retest, using a tight stop below the neckline, and aiming for at least a 1:3 risk-reward ratio. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Long
by Mihai_Iacob
4
BTC/USD Price Action Update – April 28, 2025📊BTC/USD Price Action Update – April 25, 2025 🔹Current Price: 94,039.17 🔹Timeframe: 15M 📌Key Demand Zones (Support): 🟢93,331.61–93,464.50 – Immediate Intraday Demand (potential bullish continuation zone) 🟢92,901.29–93,042.00 – Deeper Demand Support (stronger reaction expected if tapped) 📌Key Resistance Level: 🔴94,518.29 – Short-Term Target Resistance 📈Bullish Outlook: Price has shown strong recovery from the demand zones. Holding above 93,331 keeps the bullish structure intact. A clean break and retest can push price toward 94,518. Watch for bullish engulfing or BOS for confirmation. 📉Bearish Outlook: If price breaks below 93,331, expect a deeper pullback into 92,901–93,042. Loss of 92,900 could indicate short-term bearish momentum. ⚡Trade Setup Tip: ✅Look for long setups on bullish reaction at 93,464 or 93,042 ✅Manage trades carefully near 94,500 resistance ✅Use tight stop-loss for scalps below demand zones #BTCUSD #BitcoinTrading #CryptoAnalysis #SmartMoneyConcepts #SupplyAndDemand #IntradayTrading #BreakOfStructure #BTCScalping #CryptoUpdate #FXFOREVER #ForexAndCrypto
CRYPTO:BTCUSDLong
by FXFOREVER_87
2
LGVN Bullish opportunity Longeveron Inc. (LGVN) offers a strong bullish opportunity as it nears a potential breakout from its prevailing downtrend. The stock has been consolidating with increasing volume and tightening price ranges, indicating accumulating buyer interest. A decisive break above the critical resistance level of $1.92, coinciding with the downtrend's upper trendline, could trigger a bullish reversal, propelling LGVN toward an initial target of $2.25, with further upside potential to $2.60. Traders should watch for strong volume confirmation and stay mindful of broader market conditions to manage risks effectively. Not advise for buying or selling, just I like what I do :)
NASDAQ:LGVNLong
by NEVERMINDS1
EUR/USD: Long-Term Breakout with Fundamental and Tech ConfluenceFor the first time since 2008, EUR/USD is showing signs of a potential long-term trend reversal. The pair has broken above the descending channel that has defined the bearish structure for over 15 years. But this is not just a technical breakout — the fundamentals support this move as well. The U.S. dollar remains under pressure as the market shifts its rate expectations. Instead of the 1–2 rate cuts initially priced in for 2025, forecasts now suggest 2–3 cuts, possibly more depending on the pace of economic softening. This aligns well with the breakout we are observing on the chart. Technical picture: confirming the breakout on all levels 1.The descending trendline from 2008 has been broken. 2.On the weekly timeframe, the price has already secured a close above this trendline, confirming the breakout structurally. 3.On the monthly timeframe, the 100-period SMA sits right at the neckline area of a large double bottom reversal pattern — adding one more layer of confirmation. These factors are not isolated — they support and reinforce each other, creating a confluence of signals across multiple timeframes. Target according to classical technical analysis: The minimal target for this breakout stands at 1.2300. This is both a major resistance zone from previous highs and approximately 70% of the height of the larger double bottom pattern — fully in line with the textbook approach to classical chart analysis.
Long
by borschenkovitc
3
AT&T I Tipping Point : Short Opportunity with Head & ShouldersHey traders after a previous trade trade on the hood hitting targets of 16.4%. Today I bring you NYSE:T Technical + Fundamental View Pro Tip - Breakdown below the Entry Line will be considered at Trade Initiation. (Risky Traders) R:R= 5.4 - Rest can follow entry at day close post breakdown SL above Entry Candle. - The Breakdown Below the Entry Line will confirm the head and shoulder pattern Entry Line - 26.93 Stoploss - 27.53 Target 1 - 25.59 (Neckline of head and shoulder) Target 2 - 24.74 Target 3 - 23.68 Technical View - Head And Shoulder on Daily Time frame - On the hourly timeframe, the chart looks weak, showing a potential double top pattern where the second peak is lower than the first, indicating growing investor fear. Fundamental View - High Debt: Over $140 billion in debt limits investment capacity and consumes significant cash flow. - Network Issues: Poor service quality and outages risk losing customers to competitors. - Strong Competition : T-Mobile and Verizon offer better plans, making customer retention harder. - Market Saturation: The U.S. wireless market is nearly saturated, limiting new customer growth. - Execution Risks: Growth and debt reduction depend on flawless asset sales and network upgrades; delays could harm finances and stock performance. Additional Considerations - AT&T’s valuation is higher than some peers, potentially capping upside. - Telecom market competitiveness means growth hinges on successful 5G and fiber rollouts. - Dividend yield (~3.9%) is attractive but lower than some rivals, which may impact income investors.
NYSE:TShort
by REUBEN_EUSTACE
GBPUSD double top: will technical and fundamental drivers align?GBPUSD is setting up for a massive move with a double top forming on the weekly chart. Learn how to catch the breakout and target over 1,300 pips with smart risk-to-reward. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
by ThinkMarkets
2
COCHINSHIP :NSE TRENDLINE BO DTF/WTF POSITIONAL NEW Stock Analysis Trade Plan: Entry: 1580 50% of the total quantity at DTF Close, with an additional 50% added at 2130 DTF Close Price. Stop Loss: 1340 Target 1: 2100 Target 2: 3000 Hold for a period of 6 months to 1 year or until the target 2 is reached. Chart Pattern: The stock experienced A BULL RUN FOR 6MONTHS period to touch an all-time high (ATH) of 2999 . A CONSIDERABLE PULL BACK FOR A MONTH AND NOW Technical Indicators: The stock’s daily timeframe (DTF) shows that the price is trading TODAY above the 50-day exponential moving average (EMA) and the 50-day EMA above the 200DEMA. The EMAs are in Ascending sequence of alignment. A potential bullish trend in formation on the DTF/WTF timeframe. The 20 DMA has turned upwards starting a bullish reversal and is below the 200DMA indicating an Early Entry Volume Analysis: There has been a gradual drying up of volumes on the sell side. There is buying in the past 4 days above the 20VMA. Price Breakout has been done yesterday and retest today take entry as recommended in Trade Plan. Prioritize Watch List: Keep this stock in your watch list for further analysis and potential trading opportunities. Disclaimer: This information is solely for educational and reference purposes. Trading inherently carries risks, and it’s crucial to exercise caution and conduct comprehensive research before making any investment decisions. Make sure you have a well-defined risk appetite, proper position sizing, and a stop-loss order based on your risk tolerance. Review your Portfolio periodically. Exit positions when the price closes 7-8% below your entry point or Earlier basis your Risk profile. Consider re-entering the market when the trend reverses.Before engaging in any trading activities, it is paramount to thoroughly comprehend these technical analysis concepts and conduct extensive research on the stocks you are interested in. Furthermore, consulting a certified financial advisor can offer valuable insights and guidance before making investment decisions. Technical Analysis Concepts: Multiple Time Frame Analysis (MTFA): Daily Time Frame (DTF): Used for short-term analysis and identifying trends. Weekly Time Frame (WTF): Provides a broader perspective and helps in trend confirmation. Monthly Time Frame (MTF): Ideal for long-term analysis and trend analysis. All-Time High (ATH): The highest price reached on a specific chart. Lifetime High (LTH): The highest price reached over the entire chart’s history. Stop Loss (SL): A predetermined price level at which an investment is automatically exited to limit potential losses. Swing Trade: A trading strategy that involves holding positions for a significant period, typically few weeks to months. Positional Trade: A trading strategy that aims to capitalize on long-term trends and position oneself accordingly. CHART PATTERNS Rounding Bottom Cup/Handle (RBC&H): A pattern that signals a potential reversal from a downtrend. Breakout (BO): A price move closure above a resistance or below a support level. Flag & Pole BO: (F&P BO) Bullish Continuation Pattern Consolidation : Price Typically Swings between a Range for a period of Time Long or Short basis the MTFA. Breaking out of this range UPWARDS is an opportunity to BUY and DOWNWARDS is SELL opportunity. Moving Averages: Exponential Moving Average (EMA): A popular moving average that places more weight on recent price data. Volume-Weighted Moving Average (VWMA): A moving average that gives more weight to high-volume stocks. Fibonacci Retracement/Extension: Trend-based Fibonacci Retracement: Used to identify potential support and resistance levels during re-tracements. Trend-based Fibonacci Extension: Used to identify potential breakout levels during extensions.
NSE:COCHINSHIPLong
by billpramod