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Euro may grow to resistance level and then drop to 1.1275 pointsHello traders, I want share with you my opinion about Euro. After forming a strong upward move from the buyer zone (1.11850–1.1210), the price rose sharply, broke the mid-range resistance, and entered the seller zone between 1.1380 and 1.1400. Once it reached the upper boundary of the broadening wedge, the price bounced down from resistance at 1.1380. Now the price is trading inside a broadening wedge, showing signs of a potential reversal. After failing to hold above resistance, the Euro started to decline from the seller zone, confirming selling pressure. The current movement points to a correction within the wedge structure. I expect the Euro will continue falling toward 1.1275, my TP 1, where the support line of the wedge coincides with the upper boundary of the previous buyer zone. This zone has already shown strong reactions before and could act as a short-term reversal area. Given the recent rejection from resistance, the broadening wedge formation, and return from the seller zone, I remain bearish and anticipate further decline. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by LegionQ8
2
Potential Head and Shoulders Pattern on XAUUSD (Gold)Chart: XAUUSD (Gold) on the 15-minute timeframe (based on "XAUUSD-15-OANDA" in the image). Pattern: Possible Inverted Head and Shoulders. The image highlights what appears to be a developing head and shoulders pattern. Key Observations: Head and Shoulders Formation: The image indicates a possible left shoulder, a head, and what could become a right shoulder. Fibonacci Retracement: There's a Fibonacci retracement level of 0.618 marked from the head to the potential right shoulder. Trendline: A downward-sloping trendline connects the highs of the pattern. Support/Resistance Levels: Horizontal yellow lines suggest potential support or resistance areas.
OANDA:XAUUSDShort
by OctoAlgo_indicator
XAUUSD: Downtrend Channel - Potential Short OpportunityXAUUSD is currently trading within a well-defined descending channel on the 2-hour timeframe. Price action has been respecting the upper and lower trendlines, suggesting a continuation of the downtrend. Given the overall downtrend, I'm seeing a potential short opportunity. Entry: Look for a SELL signal near the upper trendline of the channel or within one of the resistance zones. Stop Loss: Place a stop-loss order above the most recent swing high or above the resistance zone to limit potential losses, around $3,390.00. Take Profit: Target a Take Profit (TP1) near the lower trendline of the channel. A potential TP level is around $3,250.00 Target a Take Profit (TP2) near the lower trendline of the channel. A potential TP level is around $3,150.00 (adjust based on your risk tolerance and analysis). Confirmation: Before entering the trade, seek confirmation from other indicators or chart patterns (e.g., bearish candlestick patterns), or wait for a sell signal from our indicator. Consider the overall market sentiment and any upcoming news events that could affect the price of gold. Risk Management: This is just an idea, not a trading recommendation. Trading involves risk, and you could lose money. Always use proper risk management techniques, including stop-loss orders and appropriate position sizing. Disclaimer: I am not a financial advisor. This is just my personal analysis, and you should do your own research before making any trading decisions.
OANDA:XAUUSDShort
by OctoAlgo_indicator
$UNH: With stock down more than 60%, is it in buy zone? NYSE:UNH with one after bad news lost 60% of its market cap from its ATH of 600$. NYSE:UNH the largest insurer in US has been in news for all the wrong reasons. The stock after losing 60% of the value has a dividend yield of 3.1% which is 2.5 times of the S&P Yield. The historical dividend growth of NYSE:UNH has been more than 8%. This makes NYSE:UNH a compelling story stock during the recent downturn. With recent insider buys of the NYSE:UNH stock most of the fundamental indicators indicate a positive outlook. But what are the technical indicators telling us? Today we are looking at the historical chart of the stock. The last time the stock was down more than 60% was during the 2007-2008 Financial recession. In 2008 it did lose more than 64%. If we investigate the long term RSI then we see it below 25 which we also saw last during the Financial recession. Verdict : Buy 1/3 @ 250, Buy 1/3 @ 275, Buy 1/3 now.
NYSE:UNHLong
by RabishankarBiswal
1
Bitcoin can drop from wedge to 100K pointsHello traders, I want share with you my opinion about Bitcoin. After consolidating for an extended period within a triangle pattern, the price eventually broke out with strong bullish momentum. The move was supported by a solid rebound from the buyer zone and a clean breakout above the 92800 - 94200 support area. This breakout initiated a steep climb, forming a new upward wedge structure, defined by narrowing trend lines and rising local highs. Currently, the price is trading near the resistance boundary of the wedge, around the 104000 - 105000 zone. This zone has already triggered one rejection and is showing signs of weakening bullish strength. Given the rising wedge geometry and the fading impulse strength, the risk of a correction is increasing. The current structure typically leads to a pullback, especially after such a steep rise. I expect that BTC may rise to the resistance line of the wedge and then drop below the support line, thereby exiting from this pattern. That's why I set my TP 1 at the 100K points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
17
Gold can correct to support line of channel and then start growHello traders, I want share with you my opinion about Gold. In this chart, we can see how the price, after forming a triangle structure and breaking out to the upside, Gold entered a downward channel, where it has been consistently respecting both the resistance and support lines. Each bounce from the lower boundary of this channel signals local buyer interest, especially near the support level around 3060, which also overlaps with the buyer zone. Recently, the price rebounded from this support line, indicating a potential start of a bullish correction inside the channel. This move is consistent with past price behavior, strong impulses from the bottom boundary followed by gradual movement toward the upper resistance line. Given the structure and the ongoing bounce, I expect Gold can correct the support line of the channel, after which it turns around and starts to grow to the 3290 resistance level, which aligns with the upper boundary of the pattern and the beginning of the seller zone. That’s why my TP 1 is set at 3290 points - a reasonable technical target within the current channel formation. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDLong
by LegionQ8
1
DOW/US30 - PLEASE FOLLOW THE STRATEGY ACCORDINGLYTeam, two are set up on LONG position for DOW/US30. if you have seen my video, how I trade and how much I made, you would notice the difference. With strategy 1, you make 10-15% profit on your capital, depending on how much risk you take. Please add your entry slowly. Do not trade plan one aggressively. also, follow the target range accordingly, make sure trail stop loss to BE once the first target is reached and take 50% partial With strategy 2, if the market allows, this is where we would kill the market. But we need to be patient. As you can see, in the last 2-3 days, I did not trade the DOW/US30 because I prefer to enter at a certain level and price action. Please follow the plan accordingly; once it hits target 1, take 30% and bring stop loss to BE I hope you understand my strategy. Let's make millions together.
PEPPERSTONE:US30Long
by ActiveTraderRoom
EURO - Price can continue to decline in falling channelHi guys, this is my overview for EURO, feel free to check it and write your feedback in comments👊 Not long ago, price entered to pennant, where it at once made an impulse up and broke $1.0820 level. Then price rose to resistance line of a pennant and then corrected to support area, where it later reached the support line. Next, Euro made an upward impulse, thereby exiting from the pennant pattern and breaking $1.0820 level again. Price made a small correction and then rose higher than $1.1270 level, breaking it, but later started fall in falling channel. In channel, Euro broke $1.1270 level one more time and fell to support line, after which rose almost to this level. Now, I expect that price can rise to the resistance line and then continue to fall in a falling channel to $1.0960 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
GOLD - Price can break support level and continue to declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price entered to triangle, where it at once bounced from support line, which coincided with support level. Price rose to resistance line, breaking $3400 level, but soon turned around and dropped below, breaking this level again. Next, Gold made a gap and continued to fall in a triangle, and later it reached $3215 level, after which bounced up. Then price exited from triangle, rose to $3400 level and made fake breakout, after which started to decline in falling channel. In channel, price fell to $3215 level, where at the moment continued to trades close and trying to break this level. I think Gold can break this level and continue to fall in a falling channel to $3140 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
12
EURO - Price can break support level and continue to fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price traded near $1.0835 level and then it made strong upward impulse, breaking this level. Then it continued to move up inside an upward pennant, where it reached the next support level, which broke soon too. After this movement, it reached the resistance line of the pennant and then corrected the support line. Euro tried to grow more, but failed and started to decline inside falling channel, exiting from pennant pattern. In falling channel, price declined to $1.1200 support level and then turn around and start to move up. I think that Euro can grow a little and then fall to $1.1065 support line of channel, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
9