XUA/USD) bullish trend analysis Read The ChaptianSMC Trading point update
Technical analysis chart for Gold Spot (XAUUSD) on the 4-hour timeframe. Here's a breakdown of the key ideas behind the analysis:
1. Trend and Structure:
The overall trend shows a bullish move followed by a correction and now a potential continuation upward.
A bullish breakout from a descending trendline suggests a shift in momentum from bearish to bullish.
2. Key Zones:
Order Block / Buying Zone (~3,280-3,310): A demand area where price is expected to find support and potentially bounce higher.
Support Level (~3,320-3,360): Price is currently above this level, suggesting buyers are in control.
Resistance Level (~3,440-3,495): Marked as a potential short-term ceiling; a breakout above this level may signal strong bullish continuation.
Target Point (~3,494): This is the projected take-profit level for a bullish move.
3. RSI Indicator:
RSI is around 63–64, close to overbought territory but not yet extreme. This suggests moderate bullish momentum without signs of immediate reversal.
4. Projected Move:
The chart outlines a possible retracement to the support or order block zone, followed by a bounce and a push toward the resistance level and target.
Mr SMC Trading point
Strategy Implication:
Buy on pullback to the support or order block zone.
Stop-loss could be placed below the order block (~3,280).
Take-profit around the target zone (~3,494).
pales support boost 🚀 analysis follow)
Foryourpage
EUR/USD) Big Support level Analysis Read The ChaptianSMC Trading point update
Technical analysis of EUR/USD on the 1-hour timeframe. The idea centers around a potential reversal from a major support zone, aiming for higher resistance targets. Here's a detailed breakdown:
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1. Big Support Level
A strong horizontal support zone is highlighted around 1.1275–1.1290.
Price is currently reacting off this level, suggesting a potential bullish reversal.
2. EMA 200 as Resistance
The 200-period EMA (~1.1346) is above current price, possibly acting as a dynamic resistance.
A break and hold above it could confirm bullish momentum.
3. Resistance Levels & Target Points
The first target is the 1.14367 resistance level, a clear supply zone.
The second target point is around 1.15622, aligned with a previous major high and strong resistance zone.
4. RSI Indicator
RSI is at 44.02, indicating neutral to slightly oversold conditions—this supports a potential bullish move, especially from support.
5. Forecast Path
The chart projects a likely pullback and breakout pattern:
Rebound from the support zone.
Break through EMA 200 and minor resistance.
Rally toward first and second targets.
Mr SMC Trading point
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Summary of the Idea:
This is a trend-reversal-to-continuation setup, with EUR/USD expected to rise from a key support area toward 1.14367, and potentially 1.15622, provided price holds above the support and breaks the EMA 200.
Pales support boost 🚀 analysis follow)
USD/JPY) Bullish trand analysis Read The ChaptianSMC Trading point update
Technical analysis of USD/JPY on the 2-hour timeframe, and it presents a bullish continuation setup. Here's a breakdown of the key elements and the idea behind the analysis:
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1. Ascending Channel Formation
The price is trading within an ascending channel, suggesting a controlled uptrend.
Higher highs and higher lows confirm the trend structure.
2. Key Support and Fair Value Gap (FVG)
There’s a well-identified support level where price has bounced before (highlighted in yellow).
A Fair Value Gap (FVG) zone is marked slightly above the support level, which could act as a short-term demand area.
Price is currently pulling back into this zone, potentially setting up a buying opportunity.
3. EMA 200 Support
The 200 EMA (~143.78) is acting as dynamic support just below the current price.
If price drops further, this level may offer strong technical support.
4. RSI Momentum
RSI is above 50 (currently 56.37), supporting the bullish trend and showing room for continued upside.
5. Target Point
The chart anticipates a bounce off the support/FVG zone and a rally toward the upper boundary of the channel, targeting 147.153.
Mr SMC Trading point
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Summary of the Idea:
This is a bullish continuation setup within an uptrend channel. The analyst expects a potential long entry around the FVG/support zone, with a target at the channel top (147.15). Confluence from the EMA 200, RSI, and previous structure supports this bullish bias.
Pales support boost 🚀 analysis follow)
XAU/USD) Bullish reversal analysis Read The ChaptianSMC Trading point update
technical analysis of Gold Spot (XAU/USD) on the 4-hour timeframe, projecting a bullish outlook. Here's a breakdown of the main ideas conveyed:
1. Support Level & Double Bottom
A strong support level is marked around the 3,177 area, with the price bouncing from it twice (highlighted by two black dots), indicating a potential double bottom pattern, which is typically a bullish reversal signal.
2. EMA 200 Support
The 200 EMA (Exponential Moving Average) lies just below the current price (~3,177), acting as dynamic support. The fact that price is holding above it adds strength to the bullish argument.
3. Bullish Divergence on RSI
The RSI (Relative Strength Index) shows a bullish divergence, where the price made lower lows but RSI made higher lows—another potential reversal indicator.
4. Price Projection
If the bullish move plays out, the chart outlines two upward targets:
Target Point: ~3,501.67
Next Target Point: ~3,729.23
These are based on measured moves from previous impulse legs (shown by vertical blue projections).
5. Entry Setup
The chart suggests a break above the short-term consolidation could trigger the bullish run toward the first target, aligning with bullish price structure and support confirmation.
Mr SMC Trading point
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Overall Idea: The chart expects a bullish reversal from support, confirmed by double bottom, EMA 200 support, and RSI divergence, targeting higher resistance zones.
Pales support boost 🚀 analysis follow)
S&P 500 Bearish Reversal Setup: Short Entry Below Key ResistanceEntry Point: Around 5,678.79
Stop Loss: Around 5,833.61 (above recent resistance zone)
Target Point: Around 4,831.37 (indicating a bearish target)
2. Technical Patterns:
The price hit a resistance zone (highlighted in purple) and reversed—this is often a bearish signal.
The trendline break (marked with the orange dot and blue arrow down) suggests a potential trend reversal.
The moving averages (likely 50 EMA and 200 EMA) indicate the price is still above the support zone but weakening.
3. Risk/Reward Ratio:
Risk (Stop Loss – Entry): ~154.82 points
Reward (Entry – Target): ~847.42 points
Risk/Reward Ratio: Approximately 1:5.5, which is favorable for shorting.
4. Trade Sentiment:
Bearish bias based on the breakdown from the resistance zone and confirmation from chart patterns.
If the price fails to hold above 5,682.87, a short trade may be validated with the target at 4,831.37.
Gold Rejection at Channel Resistance – Bearish Setup in Play"
🔍 Analysis Summary
Current Price: \~\$3,266
Indicators:
EMA 50 (Red): \~\$3,277 – price is slightly below this level
EMA 200 (Blue): \~\$3,180 – acts as a dynamic support
Trend Structure:
Previous Uptrend: Sharp bullish move within a rising wedge (now broken)
Current Pattern: Descending channel or flag-like consolidation after the strong bullish trend
Support Level: \~\$3,175–\$3,180 (highlighted zone with green arrows showing bounce)
Resistance Level (Target 1): \~\$3,277–\$3,300
Target Point: \~\$3,356
📈 Bullish Scenario:
Price bounced off strong support (around EMA 200 + horizontal level).
If price breaks above the descending channel and retests resistance, it could aim for **Target 1 (\~3,300) and possibly reach **Target Point (\~3,356)**.
📉 Bearish Scenario:
Failure to break above descending channel resistance could lead to a retest of the support zone.
If support breaks, the next possible stop could be below the EMA 200, triggering deeper correction.
🧠 Trading Idea
Buy Entry: On confirmed breakout above descending channel.
Target 1: \~3,300
Target 2: \~3,356
Stop Loss: Below \~3,175 support
(XAU/USD) Bullish Trade Setup – Targeting $3,506.52 with Entry aEntry Point: $3,221.19
Stop Loss: $3,169.80
Resistance Zone: Around $3,277.98 to $3,280.64
Target (TP) Point: $3,506.52 (Approx. 9.05% upside)
📊 Technical Indicators and Markings:
Moving Averages:
Likely a 50-period (blue) and 200-period (red) moving average.
Price is currently below both MAs, signaling a short-term downtrend.
Support & Resistance Zones:
Strong support around $3,207.67–$3,221.19 (entry area).
Resistance at $3,244.25–$3,280.64.
Stop-loss is strategically placed below support to limit downside risk.
Target Area:
Projected upside target is $3,506.52, with a potential 9.05% gain from the entry.
This is marked as the EA (Expert Advisor) Target Point, possibly suggesting this is a strategy from an automated trading system.
Orange Circles:
Likely indicate swing highs and lows, used to identify trend patterns and potential reversal points.
📈 Trading Idea Summary:
Bullish Setup: Buying at support, aiming for breakout above resistance to reach target.
Risk-Reward Ratio: Favorable, assuming price holds above $3,207.
Watch for Confirmation: Price needs to break above resistance around $3,280 for momentum continuation.
GBP/USD Short Trade Setup: Reversal from 1.34370 with Target at Entry Point:
Marked at 1.34370, where the analyst anticipates a reversal or price rejection.
Stop Loss:
Positioned above at 1.34975, covering a 2.62% risk margin. This is a protective level in case the price moves against the trade.
Target (Take Profit):
Set at 1.31015, just above a strong support zone around 1.30818. This is where the analyst expects the price to eventually fall.
Resistance Point:
Noted around 1.33007 – 1.32859, acting as an intermediate level of interest and possible price reaction zone.
USD/JPY) bullish trend analysis Read The ChaptianSMC Trading point update
Technical analysis of USD/JPY chart shows a bullish reversal setup. Here’s a breakdown behind the analysis:
1. Downtrend & Channel Breakout:
Price was trending downward within a descending channel (marked “channel trend”).
Recently, the price broke out of the channel, signaling a potential trend reversal.
2. Demand Zone (Diamond Zone):
The yellow box labeled “Diamond Zone” represents a demand/support zone where price previously found buyers.
A retest of this zone is expected before the bullish move.
3. EMA (200):
The EMA (200) is currently above the price but close. A break above this level (142.522) could add to bullish momentum.
4. RSI Indicator:
RSI is showing a bounce off a mid-level (~50), suggesting bullish momentum is gaining.
5. Target Level:
The analysis targets 147.838, which aligns with a prior resistance zone.
The move projects a 5.19% gain (~778.5 pips) from the current setup.
Trading Idea Summary:
Entry: Around the “Diamond Zone” after a successful retest.
Confirmation: Watch for bullish candlestick patterns or a break above EMA 200.
Target: 147.838
Stop Loss (implied): Below the Diamond Zone (~140.000)
Pales support boost 🚀 analysis follow)
**GBP/USD Bullish Breakout Setup Toward 1.35000**
CANDLE MASTER UPDATE!
chart shows a bullish setup based on several technical indicators and price action:
### *Key Analysis Points:*
1. *Support Zone (Yellow Box):*
* Price has tested and bounced off a well-defined support zone around 1.32690.
* This level has acted as a strong demand zone in the past, and recent price action confirms buying interest.
2. *Resistance Zone:*
* The resistance level is marked just above the current price (around 1.33500), representing the neckline of a potential breakout.
3. *EMA Support:*
* The 50 EMA (red line at 1.33148) is currently just below the price, acting as dynamic support.
* The 200 EMA (blue line at 1.31251) is much lower, confirming an overall uptrend structure.
4. *Bullish Projection:*
* The projection suggests a breakout above resistance, with a target near 1.35000 (TARGET POINT).
* This is supported by the previous bullish move (highlighted by the black trend lines and upward impulses).
5. *Risk-to-Reward Consideration:*
* A breakout entry around 1.33500 aiming for the target of 1.35000 provides a potential reward of 150+ pips.
* Stop loss could reasonably be placed just below the support at 1.32690 for a favorable risk-reward ratio.
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### *Conclusion:*
The chart suggests a *bullish breakout scenario* with an expected continuation towards 1.35000. If price breaks the resistance zone and holds above it, the setup favors long entries
EUR/USD BULLISH REVERSAL SETUP FROM KEY SUPPORT ZONE CANDLE MASTER Update!
chart presents a bullish trade setup based on price action and support/resistance levels. Here's a breakdown of the analysis idea:
Key Observations:
1. Support Zone (Highlighted in Yellow at the Bottom):
The green arrows show repeated price bounces from this support level, indicating strong demand.
The latest candle suggests a rejection of lower prices, hinting at a potential upward move.
2. Resistance Zone (Upper Yellow Band):
This zone previously acted as support and now functions as resistance.
A break above this zone could signal bullish continuation.
3. Target Point:
A projected move (shown with a blue vertical line) aligns with a prior impulse wave.
Target is around the 1.1600 level, reflecting a ~2% upside move from the current price.
4. Trend Context:
Price was previously in an uptrend (rising wedge pattern), followed by consolidation.
The 50 EMA (red line) is above the 200 EMA (blue line), indicating medium-term bullish sentiment.
5. Trade Idea:
Entry: Near the current support level (around 1.1286).
Target: 1.1600.
Stop-loss: Below the support zone (approx. 1.1150), where the 200 EMA also lies.
This setup anticipates a breakout to the upside, driven by support holding firm and past bullish momentum.
"GOLD REBOUND SETUP"CANDLE MASTER Update!
Technical analysis of gold (XAU/USD) with a focus on a potential bullish setup. Here's a breakdown of the idea:
Key Elements:
1. Support and Resistance Zones:
Support Level: Around the $3,173–$3,175 range, also near the 200 EMA (a strong dynamic support).
Resistance Level: Around $3,288–$3,290.
Target Point: $3,356.540.
2. Chart Patterns:
Falling Wedge: A bullish reversal pattern is forming after a previous uptrend. Price is currently at the lower boundary of this wedge and near support, suggesting a potential bounce.
Trendline Reactions: Multiple rejections from the lower wedge trendline are marked with green arrows, indicating buying interest.
3. Indicators:
50 EMA (red): Positioned above the price, acting as resistance.
200 EMA (blue): Coincides with the current support level, reinforcing its strength.
4. Price Action & Projection:
A potential bullish reversal is anticipated from the support area.
Price is projected to rise, retest the resistance zone, and potentially reach the $3,356.540 target.
Summary of Trade Idea:
Bias: Bullish reversal from support.
Entry: Near current price around $3,175–$3,180.
Target: $3,356.540.
Stop Loss: Below the support level and 200 EMA (e.g., under $3,160).
Gold (XAU/USD) Intraday Buy Setup with High Reward-to-Risk Ratio1. Entry Point Zone: Around 3,271.79 USD
This is identified as a potential buy entry area, marked in purple.
2. Stop Loss: Below the entry point at 3,257.71 USD
Risk management level in case the trade moves against the setup.
3. Target Point One: Between 3,313.75 and 3,317.07 USD
A short-term take-profit level, likely based on previous resistance.
4. Final Target (EA Target Point): Around 3,373.04 USD
A more ambitious take-profit, possibly based on a major resistance level or Fibonacci extension.
5. Trade Range:
Risk: 3,271.79 - 3,257.71 = 14.08 USD
Reward to First Target: ~42 USD
(XAU/USD) 1H Chart: Long Setup Targeting 3,500 with Key Support Entry Point: Suggested near 3,301.51 USD (marked with the purple support zone).
Stop Loss Zone: Below 3,266.87 to 3,221.67 USD (marked in blue and purple). This is where you limit your loss if the trade goes wrong.
First Target (Target Point One): 3,376.65 USD.
Final Target (EA Target Point): 3,523.55 USD (~8.26% potential gain from entry).
Main Setup Idea:
The price is consolidating around the support zone.
There's a plan to buy (go long) at the purple zone (Entry Point) and aim for the two target points
EUR/USD Bullish Breakout Trade Setup – Targeting 1.18089Entry Point: 1.13860
Stop Loss Zone: 1.13642 to 1.12578
Resistance Point: 1.14320
Target (TP) Point: 1.18089
🔍 Observations
Support Zone: Marked in purple near the entry and stop-loss area, suggesting a strong demand zone.
Resistance Zone: Around 1.14320, indicating a potential breakout level.
Trend: Short-term uptrend after a consolidation range.
Risk/Reward Ratio: Quite favorable, targeting a move of approximately 470+ pips (4.20% gain) from entry to target.
📊 Technical Indicators
Moving Averages:
Red (likely 20 EMA): Price recently crossed above, showing bullish momentum.
Blue (likely 50 or 200 EMA): Serving as dynamic support.
Price Action: Formation suggests a potential breakout from resistance toward the 1.18 target.
🧠 Conclusion
This is a long (buy) setup expecting a bullish breakout:
Buy entry above the support zone.
Stop-loss placed below major support (1.12578).
Target set significantly higher, aligning with prior structure or resistance at 1.18089
USD/JPY Bullish Breakout Setup: Key Resistance at 144.939 and TaEntry Point: ~144.037
Stop Loss: ~144.939 (above the recent resistance zone)
Resistance Zone: Between 144.037 and 144.939 (highlighted by purple area)
First Target Point (EA Target Point): ~139.731 (Bearish target if reversal happens)
Second Target Point (Bullish EA Target Point): ~148.737
Current Price:
As of the chart, price is around 143.743, slightly below the entry point.
Possible Scenarios:
Bullish Breakout:
If price breaks and closes above 144.939, expect strong bullish momentum toward 148.737.
Confirmation: Look for strong bullish candles with volume above the resistance zone.
Bearish Rejection:
If price fails to break 144.939 and shows bearish reversal patterns (e.g., bearish engulfing), a pullback toward 144.037 or even down to 139.731 is likely.
Additional Notes:
The orange circles highlight key points where price respected trendlines and support zones — showing strong buyer interest.
A rising trendline (drawn underneath recent lows) supports the ongoing bullish structure.
Risk-Reward seems well balanced: small risk (~90 pips) for a potential reward (~400+ pips).
Summary:
Bias: Cautiously bullish, but watch carefully around the 144.939 resistance.
Action: Wait for a clean breakout or a rejection pattern before deciding.
BTC/USD) Short Setup: Triple Top Formation Targeting 86,023 USD You’re seeing a potential Head and Shoulders structure (or at least a triple top) — with the orange circles marking failure to break higher around $95K.
The neckline (support) is slightly diagonal down toward the $94K region.
A breakdown is anticipated once the neckline fails.
2. EMAs Interaction:
30 EMA (red) is currently flattening, showing weakening momentum.
200 EMA (blue) is far below, around 88,181 USD, acting as a major support zone — and it aligns with the projected EA TARGET POINT.
EMA compression usually precedes a strong move.
3. Zones and Key Price Levels:
Entry Point: ~95,145.60 USD → high-probability short sell.
Stop Loss: ~96,000–96,957 USD → protects against unexpected breakout.
Target: ~86,023 USD → aligns with past accumulation zone and EMA200.
4. Risk/Reward Ratio:
Potential reward is about 9–10%.
Risk (from entry to stop) is about 1–2%.
Excellent Risk/Reward (>4:1).
5. Momentum and Volume (implied, not shown):
Given the topping pattern and lack of higher highs, buying momentum is weakening.
If volume increases on a breakdown, confirmation will be strong.
📊 Strategic Points:
Aspect Analysis
Trend Still bullish, but topping signs visible
EMA Behavior Short-term EMA flattening, long-term EMA rising slowly
Pattern Formed Triple Top / Head and Shoulders
Risk/Reward Very good (>4:1)
Recommendation Short bias around entry level, with strict stop-loss
⚡ Quick Trading Plan:
Entry: Short at ~$95,145
Stop Loss: ~$96,000–96,957
Target: ~$86,023
ETH/USD Breakout Trading Setup – Long Entry with 16% Target PoteEntry Point: $1,593.08
Target Point: $1,807.83
Stop Loss: $1,472.68
Risk/Reward Ratio: Roughly 2.1:1
Indicators Used:
EMA 30 (Red Line) at $1,593.08 (near entry point)
EMA 200 (Blue Line) at $1,605.09
Analysis:
1. Consolidation Phase:
ETH is in a sideways range after a prior downtrend, consolidating within the purple support zone.
This zone (~$1,555 to ~$1,593) has been tested multiple times, suggesting a strong base.
2. Bullish Breakout Anticipation:
The setup expects a breakout above consolidation, targeting a 16.11% move to $1,807.83.
A breakout strategy is being applied, assuming ETH will reverse from this consolidation area a
XAU/USD) orderblok key Support Analysis Read The ChaptianSMC Trading point update
technical analysis of Gold Spot against USD (XAUUSD) on the 1-hour timeframe. Here's a breakdown of the key ideas presented:
Chart Analysis Summary:
1. Price Zones:
Supply Zone (Resistance): Around the 3,355–3,365 level.
Demand/Support Zone (Doer Block Support Level): Around 3,282–3,291.
2. Current Price Action:
Price is currently at $3,331.96, close to the supply zone, and bouncing between the zones.
There’s a sharp downtrend, which seems to be slowing down near the support level.
3. Projected Move:
The chart suggests a short-term dip back into the demand/support zone, followed by a bullish reversal.
Target Point: A move back up toward $3,498.36, which is marked as a significant resistance.
4. Technical Indicators:
RSI (Relative Strength Index): Currently around 36.64 and recovering, suggesting potential bullish divergence or an oversold condition.
200 EMA: Around $3,291.52, providing dynamic support — aligning with the lower demand zone.
Mr SMC Trading point
Trade Idea:
Buy Setup (Long Trade):
Entry: Near 3,282–3,291 (support zone).
Target: 3,498.36.
Stop Loss: Below the support zone (~3,270).
Overall Idea:
This is a reversal-based setup. The price is expected to retest the support before launching a bullish leg toward the target. The confluence of the EMA, support zone, and RSI near oversold adds weight to the potential for a bounce.
Pelas support boost 🚀 analysis follow)
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)
AUD/USD) Resistance level pullback Short Read The ChaptianSMC Trading point update
analysis of the AUD/USD pair on the 2-hour timeframe, showing a possible bearish setup. Here's a breakdown of the idea behind it:
Key Observations:
1. Current Trend:
The pair was in an uptrend, as indicated by the rising channel (parallel trendlines). However, it has now broken out of that channel.
2. Resistance Level:
The price has reached a resistance zone around 0.64000, and it seems to be rejecting this level.
3. 2 Timeframe Demand Zone:
Around the 0.63300 – 0.63400 range, this area previously acted as a demand zone (support), and the chart suggests price might retest it.
4. Projected Move:
First, a pullback up into the resistance zone could occur.
Then a drop to the demand zone.
If the demand zone fails to hold, the price could head down toward the key support/FVG (Fair Value Gap) around 0.61000 – 0.61500.
5. EMA (200):
The 200 EMA is below the price, suggesting longer-term bullish pressure, but it's starting to flatten, which could signal weakness in the uptrend.
6. RSI Indicator:
RSI is around 52, showing neutral momentum—neither overbought nor oversold, allowing room for movement in either direction.
Mr SMC Trading point
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Idea Summary:
The chart suggests a potential reversal from the uptrend into a downtrend, triggered by a failure to break above resistance. The two key targets for a bearish move are:
First: the 2TF demand zone
Final: the key support/FVG zone
Pales support boost 🚀 analysis follow)
XAU/ USD) bullish trend analysis Read The ChaptianSMC Trading point update
analysis for XAUUSD (Gold vs. USD) on the 2-hour timeframe appears to suggest a bullish continuation setup after a correction. Here's a breakdown of the idea:
Key Points from the Chart:
1. Rising Channel:
The price is moving within an ascending channel.
After a breakout and strong rally, it is currently in a flag or wedge-like correction pattern.
2. Correction Zone:
The price is consolidating downward inside a small descending wedge (a bullish pattern), potentially forming a bull flag.
This is typically a sign of continuation after a strong upward impulse.
3. Support Zone:
A 4H support level is marked around 3,301.416, which aligns with the lower boundary of the flag pattern.
This is a potential buy zone for price to react and bounce.
4. Target Point:
The target is projected at 3,404.254, implying a breakout to the upside if the support holds.
5. RSI Indicator:
RSI is currently around 65, with previous values near 80, suggesting a slight cooldown but still in bullish territory.
A slight drop in RSI might occur before the next bounce.
6. EMA 200:
The EMA 200 is well below current price (around 3,137), indicating a strong bullish trend.
Mr SMC Trading point
Possible Trade Idea:
Entry: Around the 3,301–3,305 support area.
Confirmation: Wait for a bullish reversal pattern (engulfing candle or strong bounce).
Target: Around 3,404 (as per the marked target zone).
Stop Loss: Below the support zone (e.g., below 3,295), depending on risk tolerance.
Pales support boost 🚀 analysis follow)
EUR/USD) resistance level rejected) Analysis Read The ChaptianSMC Trading point update
updated chart provides a more refined bearish outlook for EUR/USD. Here's the idea behind this analysis:
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Market Structure Overview:
Resistance Level: ~1.14292
Mid Support Zone: ~1.13500
Major Support (Target Point): ~1.12658
Current Price: 1.13787
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Indicators:
EMA 200 (1.12174): Price is above the 200 EMA, indicating an overall bullish bias, but that may be weakening.
RSI (14): Around 54.37, slightly bullish but neutral—no strong momentum.
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Trading Idea:
1. Short-Term Bullish Move:
Price is expected to rise to test the resistance level around 1.14292.
2. Bearish Reversal at Resistance:
From there, a rejection is anticipated, leading to a drop back to the mid support (~1.13500).
3. Break Below Mid Support:
If the price fails to hold the mid support zone, a breakdown is likely to continue toward the target point at 1.12658, which aligns with the previous big support level.
Mr SMC Trading point
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Strategy Suggestion:
Sell Setup 1: At resistance (~1.14292), with confirmation like bearish candles or divergence on RSI.
Sell Setup 2: On breakdown and retest of the 1.13500 support zone.
Take Profit: Target at 1.12658.
Stop Loss: Above 1.14300 or above the most recent swing high.
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Pales support boost 🚀 analysis follow)