GBP/JPY) Bearish analysis Read The ChaptianSMC Trading point update
GBP/JPY 2-hour chart outlines a clear bearish setup within a well-defined downtrend. Here's a breakdown of the trading idea:
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Technical Overview:
Downtrend Channel:
The pair is respecting a downward-sloping channel, with repeated rejections at the upper boundary, confirming bearish control.
Resistance Zone (~187.8 - 188.5):
Price has reached a highlighted resistance area that aligns with previous swing highs and trendline resistance — marked with red arrows for prior rejections.
Bearish Projection:
The analysis anticipates a rejection from this resistance zone followed by a downward impulse move. A pullback is expected, but continuation toward the target support zone around 179.150 is likely.
Target Zone (~179.150):
This level lines up with previous price action and matches the measured move (blue vertical box), adding confluence.
EMA 200 (around 190.36):
Price is well below the 200 EMA, reinforcing the bearish structure and trend bias.
RSI Indicator (~52):
RSI is slightly above 50 but not bullish — this neutral reading suggests the pair has room to drop if resistance holds.
Mr SMC Trading point
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Trading Idea Summary:
Bias: Bearish
Entry Zone: 187.8 – 188.5 (resistance)
Confirmation: Bearish candlestick pattern or rejection signal
Target: 179.150
Invalidation: Break and close above 190.365 (above EMA 200 and prior highs)
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plase support boost 🚀 analysis follow)
Foryou
USD/JPY) demand and supply analysis ); Read The ChaptianSMC Trading point update
shows a bearish setup for USD/JPY on the 1-hour timeframe. Here’s a breakdown
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1. Trend Context:
Downtrend: The pair is clearly in a bearish channel, forming lower highs and lower lows.
200 EMA (~146.297) is above price and sloping down — confirms bearish bias.
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2. Key Zones Identified:
Supply Zone (~144.800–145.200): A strong area of resistance where sellers may re-enter. If price returns here, it’s a potential short setup.
Demand Zone (~142.800–143.100): A possible reaction point where short-term buyers may provide a bounce.
Target Point (~141.168): A projected target if the downtrend continues and demand zone fails.
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3. Expected Scenarios:
Primary Bearish Move:
Price may react from current levels or from the demand zone.
A pullback to the supply zone is expected before continuation downward.
Then, sell-off toward the target zone around 141.168.
Alternate Play:
Price could bounce between the demand and supply zones a bit more before breaking down.
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4. Indicators:
RSI (~46.37): Shows room to the downside before oversold, aligning with bearish momentum.
Mild bullish divergence in RSI recently, suggesting potential for a small pullback or bounce.
Mr SMC Trading point
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Summary of Idea:
This is a sell setup:
Sell entries: Ideal around the supply zone (144.8–145.2).
First target: Demand zone (~143.0)
Final target: 141.168
Invalidation: Break above 146.30 (200 EMA and channel resistance).
pales support boost 🚀 analysis follow,)
EUR /USD) resistance level rejected support level Read The ChaptSMC Trading point update
analysis of the EUR/USD currency pair on a 1-hour timeframe, and it presents a potential bearish setup. Here's a breakdown of the idea:
Key Elements:
Resistance Zone (around 1.14182):
The price is currently approaching a marked resistance area. The analysis suggests this could be a turning point where price may reverse.
Projected Movement (Black Arrows):
The chart predicts a double top formation or a rejection from the resistance level, followed by a strong move downward.
Target Point:
The drop is expected to reach the key support zone around 1.10942, aligning with a previous structure and a potential liquidity zone.
EMA 200 (around 1.10389):
Price remains well above the 200 EMA, suggesting the trend is still bullish overall, but the setup targets a potential correction or short-term reversal.
RSI Indicator (~60):
RSI is above 60 but not overbought yet. This supports the idea that there's room for one more push up into resistance before a drop.
Mr SMC Trading point
Summary of the Idea:
1. Watch for price reaction around 1.14182.
2. If there's a clear rejection or double top, a short position may be considered.
3. Target area is around 1.10942.
4. The setup assumes a corrective move in a broader bullish trend.
plase support boost 🚀 analysis follow)
XAU/USD) Flag Analysis Read The ChaptianSMC Trading point update
Analysis presents a bullish outlook for XAU/USD (Gold vs USD) on the 1-hour timeframe, based on Smart Money Concepts (SMC). Here’s a breakdown of the key elements:
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Key Analysis Points:
1. Order Block + Key Support Zone:
Price recently tapped into a bullish order block around the $3,166.74–$3,208.62 zone.
This area is also marked as a "key support level", suggesting a strong demand zone.
The confluence of the Fair Value Gap (FVG) and order block gives this zone higher validity for potential reversal.
2. Bullish Market Structure:
The chart shows higher highs and higher lows, indicating a bullish trend.
Price action broke above a small consolidation, showing bullish momentum is resuming.
3. Projected Target:
The target point is set at $3,283.01, suggesting about a 55-point upside from the current price.
This target sits above a previous high, indicating anticipation of a liquidity grab or breakout.
4. RSI (Relative Strength Index):
RSI is at 57.94, which is a neutral-to-bullish zone. It supports the idea that there's still room for price to move up before being overbought.
5. EMA 200 (Exponential Moving Average):
The price is well above the 200 EMA, confirming a bullish bias in the higher timeframe.
Mr SMC Trading point
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Possible Strategy:
Long (Buy) Entry Zone: Between $3,166–$3,208 (ideal near the order block/FVG).
Target: $3,283
Stop Loss: Below the order block, ideally below $3,166 to avoid getting wicked out.
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Final Thoughts:
This is a well-structured bullish setup based on institutional concepts like order blocks and FVGs. The price is aligned with the trend, and RSI supports more upside. However, watch for any major news catalysts (especially with those economic event icons shown).
Pales support boost 🚀 analysis follow)
GBP/USD Short Setup – Rejection from Resistance Zone with High REMA 30 (red line)
EMA 200 (blue line)
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Key Levels:
Entry Point: 1.31324
Stop Loss: 1.32303
Target (TP): 1.28102
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Analysis:
1. Trend Context:
The market shows a recent bullish move approaching a key resistance zone (highlighted in purple).
The price is now reacting to that resistance zone and potentially forming a reversal.
2. EMA Insight:
Price is currently trading slightly above the EMA 200 and EMA 30, indicating short-term bullish momentum.
However, the suggested trade setup appears to be short (sell), anticipating a reversal from resista
BTC/USD) breakout up trand analysis Read The ChaptianMr SMC Trading point update
bullish analysis of Bitcoin (BTC/USD) on the 4-hour timeframe, showing a potential breakout and rally scenario. breakdown:
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1. Market Structure:
Downtrend Channel: Price has been moving within a falling channel.
Double Bottom Pattern: Marked by two green arrows — a bullish reversal signal.
Breakout Attempt: Price is testing the upper trendline and 200 EMA (~$83,952), suggesting possible breakout.
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2. Key Zones:
FVG (Fair Value Gap): Around $78,678 — a demand zone where price could retest before moving higher.
Breakout Confirmation Zone: ~$85,130 — breaking above this with volume signals strength.
Target Point: $95,206 — an upside target projecting ~31.77% gain from the breakout.
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3. Indicators:
200 EMA: Currently acting as resistance. Break above it confirms bullish momentum.
RSI: Around 60 — pointing upward with bullish divergence from recent lows, showing increasing buying pressure.
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4. Scenarios:
Scenario 1 (Bullish Continuation):
Breaks above trendline and 200 EMA.
Retest (optional) and then heads toward $95,206 target.
Scenario 2 (Retest First):
Price dips into the FVG/demand zone.
Finds support and launches upwards, confirming a strong base.
Mr SMC Trading point
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Summary of the Idea:
This is a buy setup on breakout or on pullback:
Aggressive Entry: Break and close above $85,130.
Safe Entry: Pullback into $78,678 area (FVG).
Target: $95,206
Risk Zone: Below $78,000 (invalidates bullish structure).
Pales support boost 🚀 analysis follow)
BTC/USD Short Setup – Triple Top Reversal with EMA Confirmation Entry Point (Sell): Around $85,699.52
Stop Loss: $86,741.44 (above resistance zone)
Target (Take Profit): $82,982.09
This provides a Risk-Reward Ratio of approximately 1:2, a commonly acceptable ratio in trading.
📈 Indicators:
EMA 30 (Red) is currently above the EMA 200 (Blue), indicating bullish momentum—but this setup anticipates a trend reversal.
If price breaks below the EMAs, that would confirm bearish strength.
🧠 Conclusion:
This setup is based on:
A strong resistance zone,
Bearish reversal pattern (triple top),
Risk management via stop loss and take profit levels.
If you're trading this:
Wait for confirmation with a bearish candlestick below the EMAs or a break of recent support.
Manage position size based on stop distance and your account risk tolerance.
XAU/USD) Bullish trand analysis Read The ChaptianSMC Trading point update
technical analysis of Gold (XAUUSD) on a 2-hour timeframe, with a bullish outlook. Here's a breakdown
1. Trend & Structure:
Uptrend Channel: Price is moving within a clear upward channel, respecting the trendline.
Higher Highs and Higher Lows: Indicates strong bullish momentum.
2. Key Zones:
Key Support Level (Yellow Box): Around $3,158.49 – this is the "safe entry point" if price pulls back.
First Entry Point: Around $3,222.76 – likely a breakout entry above a local resistance.
Target Point: $3,378.01 – a projected bullish target based on continuation.
3. Indicators:
RSI (14): Currently above 70 (overbought zone), but still climbing. There's bullish strength, but a pullback may occur soon.
200 EMA: Positioned below current price, confirming the bullish bias.
Mr SMC Trading point
4. Expected Scenarios (2 Paths):
Bullish Continuation: Price keeps rising, respecting the uptrend and hitting the target.
Pullback and Bounce: Price may retrace to the support zone or trendline, then bounce back up to target.
Summary of Idea:
This is a buy setup:
Buy at breakout above $3,222.76 (First Entry)
Safer buy at $3,158.49 (Support Re-test)
Target: $3,378.01
Watch RSI for pullback clues.
Pales support boost 🚀 analysis follow)
EUR/JPY Short Setup – Bearish Reversal Targeting 161.134 with TiEMA 30 (red): Currently at 162.470
EMA 200 (blue): Currently at 162.071
Trade Setup:
Entry Point: Around 162.978
Stop Loss: Slightly above 163.016 (highlighted in purple zone)
Target (Take Profit): 161.134 (labeled as “EA TARGET POINT”)
Analysis:
Trend: The pair has been trending upwards recently, as shown by the price staying above the 200 EMA.
Current Price: 162.604, just below the proposed entry.
Risk/Reward:
Risk: ~3.8 pips (entry to stop loss)
Reward: ~184.4 pips (entry to target)
This implies a favora
ETH/USD Bearish Reversal Setup – Targeting $1,470 After ResistanPair: Ethereum / U.S. Dollar (ETH/USD)
Exchange: Coinbase
Timeframe: 15 minutes
Indicators:
EMA 30 (red line): ~1635.82
EMA 200 (blue line): ~1585.79
🟣 Key Levels & Zones
Resistance Zone (Purple Rectangle Top): Around $1,647 – previously tested and rejected.
Support Zone (Purple Rectangle Bottom): Around $1,470 – marked as the "EATARGET POINT".
Current Price: ~$1,645
📉 Bearish Breakdown Setup
Chart Pattern: There’s a potential double top or distribution zone forming near the resistance.
Projection: The price is expected to break below the smaller support zone and drop to the target zone around $1,470.67, representing an 11.13% drop.
Measured Move Tool: Indicates a bearish price target if the price breaks down from the current consolidation.
✅ Confluence
Price is currently hovering under resistance.
EMAs show short-term bullish momentum but could flatten if breakdown confirms.
Support near $1,635 is being tested – a break below could trigger the expected drop.
⚠️ Trading Implications
Short Setup: A trader might look to enter short around $1,647 if breakdown confirmation occurs.
Stop Loss: Just above the resistance zone (~$1,650+).
Take Profit: Near $1,470 zone.
Gold (XAUUSD) Bullish Breakout Setup – Targeting 3,394.56 After EMA 30 (Red Line): Currently at 3,109.56
EMA 200 (Blue Line): Currently at 3,064.85
Price is above both EMAs, indicating bullish momentum in the short and long term.
📈 Trade Setup:
Entry Point: Around 3,162.15
Stop Loss Zone: Below the purple support box around 3,109–3,141 (right above the 30 EMA)
Target (Take Profit): 3,394.56 — marked as "EA TARGET POINT"
📊 Strategy Outlook:
Bullish Setup: The price recently broke out of a resistance zone (purple area) and retested it, confirming the breakout.
The risk-to-reward ratio appears favorable, as the target is significantly higher than the stop loss.
The upward price projection suggests confidence in a strong bullish continuation.
⚠️ Things to Watch:
Volume confirmation and price action near the entry level.
If price closes below the 30 EMA, it may invalidate the setup.
Always consider broader macroeconomic or fundamental factors when trading gold (e.g., USD strength, interest rates, geopolitical tension).
Bitcoin (BTC/USD) Long Trade Setup – Breakout Strategy with TargCurrent Price: $80,724.28
Entry Point: $80,671.23 (just above current price)
Stop Loss: $78,052.44
Target Point: $88,573.60
Resistance Point: $82,260.90
📈 Trend & Moving Averages
EMA 30 (red): $80,220.87 — Short-term trend.
EMA 200 (blue): $80,788.61 — Long-term trend.
The price is currently between the EMAs, indicating potential indecision or a shift in trend. A break above both EMAs with momentum would confirm bullish strength.
🔑 Trade Setup Summary
Element Level
Entry 80,671.23
Stop Loss 78,052.44
Target (TP) 88,573.60
Resistance 82,260.90
Risk-Reward ~1:2.7 (approx)
📊 Analysis & Expectations
Bullish Bias: The chart suggests a long trade with a breakout strategy.
Volume and momentum confirmation will be key above resistance.
Resistance at 82,260.90 may cause a brief pullback before continuation to the target.
The stop loss is well-placed below a support zone and the most recent swing low.
✅ What to Watch For
Break and close above EMA 200 and resistance at 82.2K.
Bullish volume increase on breakout.
Price action around the entry zone (wait for confirmation candle if unsure).
EUR/USD Bullish Setup – Targeting 1.16950Entry Zone (Buy Area): Between 1.12729 and 1.13101
Stop Loss: 1.12100
Target (TP1): 1.16950
Risk-Reward Ratio (R:R):
Risk: 1.13101 - 1.12100 = 101 pips
Reward: 1.16950 - 1.13101 = ~385 pips
R:R ≈ 1:3.8 — excellent risk-to-reward
📈 Technical Observations
Bullish Momentum: Strong bullish candles leading into the setup suggest buyers are currently in control.
Support Zone (Entry Area):
The purple zone has acted as a previous resistance, now turned support.
Price may retest this zone before moving higher (as indicated by the blue path on the chart).
Moving Averages:
Red (likely 50 EMA) and blue (possibly 200 EMA) are showing a bullish crossover.
Price is above both MAs, reinforcing a bullish trend.
Projected Move:
The setup anticipates a pullback before a continuation to the upside toward 1.16950.
🧠 Trade Idea Summary
This is a buy-the-dip strategy within a bullish trend.
Entering on the pullback allows for:
Tighter stop loss
Better entry price
Higher R:R ratio
⚠️ Risk Considerations
A break below 1.12100 would invalidate the setup.
Monitor for bearish reversal patterns or news around the EUR/USD that might shift sentiment.
USOIL Short Trade Idea – Targeting $55.05 from $61.00Entry Point: ~61.00 USD
Stop Loss (SL): 64.77 USD
Target (TP): 55.05 USD
Risk/Reward Ratio: Favorable
Risk: ~3.77 USD
Reward: ~5.95 USD
Approximate R/R ratio: 1:1.58
🧠 Strategy Insight
Trend Context:
Prior to the entry zone, price shows a strong downtrend.
The price retraced upward into a resistance zone (highlighted in purple).
The setup suggests a short position anticipating rejection from this zone.
Indicators:
Moving Averages (red & blue):
Likely 50 EMA and 200 EMA showing bearish alignment (price mostly under both).
Resistance Zone:
The purple shaded region represents a supply zone, where price previously reversed.
Entry Zone Analysis:
Entry just below a recent rejection candle.
It's a conservative spot to catch a move back in the direction of the dominant trend.
Target Zone (55.05):
Likely based on a recent support level or demand zone from earlier price action.
Matches previous lows.
🔁 Possible Scenarios
✅ Bearish Scenario (Ideal Outcome):
Price gets rejected from the resistance zone and continues the downtrend toward the target at 55.05.
❌ Bullish Scenario (Risk):
Price breaks above 61.00 and continues toward 64.77, invalidating the short setup.
USD/JPY Bearish Reversal Setup – Short from Resistance ZoneCurrent Price: ~146.252
EMA 30 (Red): ~146.573
EMA 200 (Blue): ~146.662
The price is below both EMAs, suggesting short-term bearish momentum.
📉 Trade Setup:
Entry Point: 146.551 (marked on the chart)
Stop Loss (SL): 148.514 (above resistance zone)
Take Profit (TP): 142.374 (marked as “EA TARGET POINT”)
Risk/Reward Ratio (RR): Approx. 1:2.5+
📌 Zone Analysis:
Resistance Zone: 147.6 – 148.5 (highlighted in purple)
Previous highs rejected from this level multiple times.
Sellers appear to be defending this zone strongly.
Support Zone: 142.3 – 143.0
Previous accumulation zone marked for the TP.
🧠 Bias & Interpretation:
Bearish Bias: Confirmed by:
Price rejection from resistance.
Below both EMA 30 & EMA 200.
Bearish engulfing patterns near the resistance zone.
Potential Strategy: Short from 146.551 targeting 142.374 with tight SL at 148.514.
⚠️ Watch for:
Any bullish crossover between EMA 30 and EMA 200 could shift momentum.
False breakouts above the resistance zone before actual reversal.
Key U.S. or Japan news that may cause volatility.
BTC/USD) rejected point analysis Read The ChaptianSMC Trading point update
This chart presents a bearish short-term technical analysis for Bitcoin (BTC/USD) on the 2-hour timeframe. Here’s a breakdown
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Key Observations:
1. Downtrend Structure:
Price is forming lower highs and lower lows.
A clear downtrend is marked on the chart.
2. Rejection Zone:
The yellow highlighted area near $83,800–$84,000 is labeled as a “rejected point.”
Price touched this zone and got rejected again, confirming resistance.
3. 200 EMA (Exponential Moving Average):
The 200 EMA is at $82,291, acting as dynamic resistance. Price is currently below it, reinforcing bearish momentum.
4. Support Level / Target:
The yellow box at the bottom around $74,559 is marked as the support zone and target level.
This is the previous low and aligns with the lower boundary of the descending channel.
5. RSI (Relative Strength Index):
RSI is showing a potential bearish divergence and is pointing downward, suggesting weakening bullish momentum and a likely move lower.
Mr SMC Trading point
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Trade Idea:
Bias: Bearish
Entry: Around $81,300–$82,000 (after rejection confirmation)
Target: $74,559 (support level)
Stop-loss: Could be placed just above the rejection zone, around $84,000
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Pales support boost 🚀 analysis follow)
Gold (XAU/USD) 15-Min Short Setup: Bearish Reversal from ResistaEntry Point: $3,127.10
Stop Loss: $3,141.53
Target Point (Take Profit): $3,080.62
Technical Indicators:
EMA 30 (red line): $3,111.98 – showing short-term trend
EMA 200 (blue line): $3,056.92 – showing long-term trend
Setup Explanation:
This is a short/sell setup based on the following:
The price action has hit a resistance zone near $3,127 and shows signs of rejection.
The setup assumes that the price will reverse from this zone and head lower.
The Risk-to-Reward Ratio appears decent, aiming for a move of about -1.45% (-$45.34).
Current Status:
Price is currently around $3,119.69, below the entry point.
A slight bounce
BTC/USD Bullish Breakout Setup – Targeting $85,477 with 5.62% UpThe price has recently surged above both the 30 EMA (red) and 200 EMA (blue), signaling a strong bullish move.
The EMAs are beginning to turn upward, particularly the 30 EMA, suggesting short-term bullish momentum.
Key Levels Identified
Entry Zone (Purple Support Zone):
Around $80,105 – a potential buy zone after a pullback.
Labeled with STOP LOSS, indicating the invalidation level if price drops below this zone.
Target Zone (Purple Resistance Zone):
Around $85,477 – this is the target level, marked as “EA TARGET POINT”.
Offers a potential move of +5.62% or 4,551.83 points.
Price Action
Price broke above a previous resistance (now support) and has pulled back slightly.
The projected move suggests a bullish continuation after a minor pullback and consolidation.
Risk-Reward
Good risk-reward ratio implied with the large gap between the stop loss and target.
Stop loss is tight, just below the purple support zone (~$80,105).
Projection
The blue lines and annotations suggest a bullish play, with an expected upward movement after retesting the support.
✅ Possible Trade Idea
Buy Zone: ~$80,105 (on a confirmed retest)
Stop Loss: Slightly below $80,105
Target: ~$85,477
Expected Move: +5.62%
🔍 Additional Notes
Keep an eye on price behavior around the support zone—confirmation (e.g., bullish candle pattern or rejection wick) strengthens the entry.
The strong move leading to the breakout suggests high momentum, which could mean limited pullback.
News or macro developments could invalidate technicals—be aware of external factors.
EUR/CHF Bullish Reversal Setup – Support Zone Entry with 1:4 Ris1. Trend & EMAs:
The EMA 200 (blue) and EMA 30 (red) are displayed.
Price is below both EMAs, indicating a bearish trend overall.
However, there's a potential reversal or retracement trade being considered.
2. Trade Setup (Long Position):
Entry Point: 0.92750
Stop Loss: 0.92526 (about 22.4 pips below entry)
Target (Take Profit): 0.93643 (about 89.3 pips above entry)
Risk-Reward Ratio (RRR): Approx. 1:4, which is favorable
3. Support & Resistance:
The entry zone is based on a demand/support area where price previously bounced.
The target
Gold (XAU/USD) Bullish Breakout Trade Setup – Targeting 3,130Chart Analysis
Trend & Structure
CHoCH (Change of Character): Marked on the chart, indicating a potential trend reversal from bearish to bullish.
The price has broken above a descending trendline and is forming higher highs and higher lows, supporting a bullish bias.
EMAs
EMA 30 (red) and EMA 200 (blue):
EMA 30 has crossed above EMA 200, which is often considered a bullish signal.
The price is currently trading above both EMAs, reinforcing the upward momentum.
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Trade Setup
Entry Zone
The purple highlighted area between ~3,026 and 3,035, acting as a potential demand zone (previous
Gold (XAUUSD) Reversal Setup: Buy Opportunity from Demand Zone t# GOLD (XAUUSD)
Timeframe: 30-minute
Indicators:
EMA 30 (Red): 3,000.22
EMA 200 (Blue): 3,042.92
🔍 Price Action & Zones
Current Price: 2,982.27
Support Zone (Demand Zone): ~2,940.27 (highlighted in purple, labeled as STOP LOSS)
Resistance Zone (Supply Zone): ~3,040.17–3,042.92 (labeled as EA TARGET POINT)
📈 Trade Idea (Based on Drawing)
Strategy: Buy from demand zone, targeting supply zone
Entry: Near 2,940.27
Stop Loss: Slightly below 2,940.27
Target: ~3,040.17
Risk to Reward: ~1:2.6 (visually)
📊 EMA Dynamics
Bearish Bias in the Medium Term: Price is trading below the 200 EMA, indicating an overall bearish trend.
Short-Term Weakness: The price has also dropped below the 30 EMA, confirming bearish momentum in the short run.
🔄 Possible Scenario
Price is currently heading back down toward the demand zone, where a bounce is anticipated.
If it respects that zone, we may see a reversal toward the target zone at ~3,040.
If it breaks below 2,940, the setup would be invalidated (stop loss hit).
⚠️ Things to Watch
Rejection or support confirmation at 2,940 zone is key before entry.
Be cautious of continued bearish momentum if economic news or global risk sentiment shifts.
Look for bullish reversal patterns (e.g. hammer, bullish engulfing) at the demand zone for confirmation.
USD/JPY) Bullish reversal analysis Read The ChaptianSMC Trading point update
This chart is for USD/JPY on the 1-hour timeframe, and it presents a bullish trade setup. Let’s break down the idea
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Key Observations:
1. Current Price:
USD/JPY is trading around 146.281.
2. Overall Bias:
Bullish setup expecting a bounce from demand into a higher target zone.
3. EMA 200:
Price is currently below the 200 EMA (147.942), which usually suggests a bearish trend — but this setup is aiming for a short-term bullish retracement.
4. Demand Zone (Buy Area):
Marked in yellow between 145.822 and slightly above.
Labeled as "FVG orders" (Fair Value Gap), suggesting institutional interest or imbalance fill.
5. Trendline Support:
The price is approaching a rising trendline, adding confluence for a potential bounce.
6. Expected Move:
Price is expected to bounce from the demand zone, form a higher low, and then move up toward the target zone at 148.221.
Two upside targets are drawn:
First Move: ~1.12% (30.6 pips)
Full Target: ~1.76% (256.1 pips)
Mr SMC Trading point
7. RSI (Relative Strength Index):
RSI is around 37.66, nearing oversold territory, supporting a bullish reversal idea.
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Trade Idea Summary:
Bias: Bullish
Entry Zone: Around 145.822 (fair value gap & trendline support)
Target Zone: 148.221
Stop Loss: Likely just below the demand zone or trendline
Confluence Factors:
Trendline support
RSI nearing oversold
Fair value gap zone
EMA 200 overhead (target acts as resistance)
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Pelas support boost 🚀 analysis follow
XAU/USD) Bearish trand analysis Read The ChaptianSMC Trading point update
This chart analysis is for Gold Spot (XAU/USD) on the 1-hour timeframe. Here’s a breakdown of the idea shown:
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Key Points in the Analysis:
1. Current Price:
XAU/USD is around $2,982.92 at the time of the chart.
2. Trend:
The chart suggests a bearish outlook.
Price has been consistently rejected from the yellow supply zone (around 3,020–3,033).
EMA 200 (blue line) is above the current price, confirming downward momentum.
3. Rejection Zone:
Marked in yellow between 3,020 and 3,033. Labeled as “Reject points”.
Price failed to break above this zone multiple times.
4. Breakout Pattern:
Two descending rectangles highlight bearish continuation patterns.
A bearish flag or wedge is visible, followed by a breakout downward.
5. Target Zone:
Highlighted in yellow between 2,900 and 2,921, with target point at 2,920.615.
Price is expected to move down to this level.
6. RSI (Relative Strength Index):
RSI is declining and shows bearish divergence, supporting downside move.
Currently around 39.19, which is closer to oversold territory but still has room to drop.
Mr SMC Trading point
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Trade Idea Summary:
Bias: Bearish
Entry Area: Rejection near 3,020–3,033 zone
Target: 2,920.615 (highlighted support zone)
Stop Loss: Could be placed above 3,033 (supply zone or EMA 200)
Confluence Factors:
EMA 200 rejection
Bearish RSI divergence
Repeated supply rejection
Breakout from bear flag structures
Pales support boost 🚀 analysis follow)