LONG
GBPCHF Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring GBPCHF for a buying opportunity around 1.12200 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.12200 support and resistance area.
Trade safe, Joe.
HelenP. I Euro can reach trend line, break it, and continue riseHi folks today I'm prepared for you Euro analytics. Some time ago price traded between resistance 2, which coincided with the resistance zone, and then rose until to trend line, making a first gap. After this, EUR turned around and dropped below resistance 2, breaking it and then made a retest, after which dropped to resistance 1, which coincided with one more resistance zone. Next, the price broke this level and started to trades inside consolidation, where it soon fell to the support level, which coincided with the support zone and even made a movement down to 1.0330 points. Then in a short time, the EUR backed up to consolidation, making a second gap, and then rose to the trend line inside the range. After this movement, the price turned around and declined to the support level, where trades are near now. In my mind, EURUSD will rise to the trend line, and then make little correction movement. Then price can break this line and continue to move up to the 1.0630 resistance level. If you like my analytics you may support me with your like/comment ❤️
GBPJPY Trading Opportunity! BUY!
My dear friends,
My technical analysis for GBPJPY is below:
The market is trading on 193.46 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 193.85
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
NATGAS: Bullish Continuation is Expected! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NATGAS pair price action which suggests a high likelihood of a coming move up.
❤️ Please, support our work with like & comment! ❤️
GBP/USD on the Move – Will the Bulls Take Charge?OANDA:GBPUSD - 1Hr Chart
Current Price:1.27664
Executive Summary:
The price is currently trading within an ascending channel after finding support during the London session on Friday, Nov 22. A breakout above the 1.26953 level, now acting as strong support, suggests continued upward momentum toward the ultimate resistance at 1.29395, offering a potential profit of 171 pips.
Detailed Analysis:
After analysing the chart, we observed that the price found support during the London session on Friday, Nov 22, and has since been trading upward within an ascending channel. The resistance at 1.26953 was broken and now serves as a strong middle support or equilibrium. This level acts as a balancing point, where price often pauses, retests, or consolidates before continuing its trend. It works as a critical area of decision-making for traders, offering opportunities for price rebounds in an uptrend or potential breakdowns in case of bearish pressure. The price is expected to rise toward the ultimate resistance at 1.29395, as highlighted on the chart, with a potential profit of 171 pips.
Bearish Scenario:
In the bearish scenario, if significant selling pressure drives the price below the 1.26953 middle support, it could signal a potential shift in market sentiment. This middle support currently acts as a critical level, maintaining the upward momentum. A break below it may invalidate the bullish structure, leading to further declines. In such a case, the price is likely to target the next key level at the ultimate support of 1.24512. This level represents a strong foundational support where buyers might step in to stabilise the price and counteract the bearish momentum.
Key Levels to Watch:
• Middle Support: 1.26953 (Strong support and potential bounce level).
• Ultimate Resistance: 1.29395 (Target level for upward momentum).
• Ultimate Support: 1.24512 (Potential downside target if support breaks).
Thank you for taking the time to read this analysis. Wishing you the best in your trading journey! Remember to always follow proper risk management strategies to ensure long-term success in the markets. Good luck with your trades!
Gold Is Approaching An Important SupportHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2635 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2635 support and resistance area.
Trade safe, Joe.
Is DXY Heading Above Previous High?Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 106.800 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 106.800 support and resistance area.
Trade safe, Joe.
USDCHF Is Nearing An Important Support With CHF WeaknessHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.88650 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.88650 support and resistance area.
Trade safe, Jie.
EURUSD Sellers In Panic! BUY!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0499 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.0519
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GOLD Trading Opportunity! BUY!
My dear subscribers,
My technical analysis for GOLD is below:
The price is coiling around a solid key level - 2648.6
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2675.4
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
NATGAS Will Explode! BUY!
My dear followers,
I analysed this chart on NATGAS and concluded the following:
The market is trading on 3.268 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 3.355
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURO - Price can bounce up from support line of pennantHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price bounced from $1.0810 level and rose to $1.0935 points, making a first gap.
After this, price turned around and started to decline inside pennant, where it first broke $1.0810 level.
Then price tried to grow, but failed and soon fell to $1.0515 level, which later broke too and fell to $1.0330 points.
But then, Euro turned around and bounced up, making a second gap, and started to trades inside resistance area.
Also, the price rose to resistance line of the pennant, but recently it fell back and now EUR continues to trades near support line.
I think that price can bounce up from support line to $1.0680, breaking resistance level, and leaving pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Dogecoin (DOGE) Long 5x Futures Trade🐶#DOGE/USDT
💻Market Exchange= CoinEx
🟢 Trade Type= Long
✅Entry level:
$0.389 - $0.4045
🎯Target Levels:
$0.4126 - $0.4166
⚠️Stop Loss: $0.37🚫
🩸 Leverage= 3-5X
Please use the risk management I provided for you and don't forget about the risk in leverage/margin trading.
Gold is nearing the retrace area.Hey Traders, In today's session we’re closely monitoring Gold for a potential buying opportunity around the 2655 zone. The price has broken through the 2655 resistance and is now in a corrective phase, approaching a key retracement area.
Stay vigilant and trade wisely!
– Joe
TOTAL3 2H: Bull Flag Formation - 1.6T TargetThe TOTAL3 index, representing the total cryptocurrency market capitalization excluding Bitcoin and Ethereum, is displaying a bullish continuation pattern in the form of a bull flag. The market has established a strong uptrend, followed by a consolidation period that appears to be setting up for another leg higher.
Key Technical Observations:
The primary trend is decisively bullish, with price action showing a steep ascent from around 600B to 1.14T market cap. The recent consolidation has formed a flag pattern, with parallel downward-sloping lines containing the price action. This type of consolidation after a strong move is typically a continuation pattern, suggesting the bullish momentum may resume. The volume profile during the consolidation appears to be diminishing, which is characteristic of flag patterns and supports the continuation thesis.
Price Targets:
Based on the measured move technique for flag patterns, taking the flagpole's height and projecting it from the breakout point, the primary target extends to approximately 1.6T. This projection aligns with the principle that crypto markets often extend previous moves after corrections. The target represents a significant psychological level that could act as a major resistance zone.
Trading Setup:
- Entry Conditions: Look for a decisive break above the upper flag boundary at approximately 1.14T, preferably with increased volume
- Initial Stop Loss: Place below the lower flag boundary around 1.07T
- Take Profit Levels: Primary target at 1.6T, with potential intermediate resistance at 1.3T and 1.4T
Risk Management:
- Stop Loss Placement: The tight consolidation pattern allows for a relatively close stop loss, improving the risk-reward ratio
- Market Conditions to Watch: Monitor Bitcoin and Ethereum's price action as they can influence the broader market sentiment
Additional Considerations:
The current consolidation is occurring at all-time high levels for TOTAL3, suggesting strong underlying strength in the altcoin market. The clean technical pattern, combined with the strategic location of the consolidation, provides a favorable setup for continuation.
Trade Validation:
- Bullish Case: A high-volume breakout above 1.14T would confirm the pattern
- Invalidation: A decisive break below 1.07T would negate the immediate bullish setup
Market Context:
The altcoin market has shown significant strength relative to Bitcoin and Ethereum, indicating growing interest in the broader cryptocurrency ecosystem. This suggests potential capital rotation into alternative cryptocurrencies, which could support the bullish thesis.
ALGOUSDT 2H: Descending Wedge Breakout - Bullish ContinuationThe ALGO/USDT pair has formed and broken out of a descending wedge pattern, which is typically a bullish continuation pattern. The price action shows a clear upward momentum after breaking the upper trendline resistance, suggesting the potential start of a new upward movement.
Key Technical Observations:
The primary trend had been bullish before entering the wedge consolidation, with price making higher lows during the broader uptrend. Within the wedge, we saw contracting volatility with lower highs and lower lows, but the breakout occurred with increased momentum. Support has formed around the 0.464 level, which previously acted as resistance, demonstrating a successful support/resistance flip.
Price Targets:
1. Initial target: 0.6054 (previous resistance level)
2. Extended target: 0.7398 (projection based on the previous upward movement)
Trading Setup:
- Entry Conditions: Price has already broken above the descending wedge resistance and shown initial confirmation. Current price at 0.4374 offers an entry opportunity with the trend.
- Initial Stop Loss: Place below the recent swing low at 0.4200, providing adequate room for normal market volatility
Risk Management:
- Stop Loss Placement: Below the wedge pattern's support trend line to invalidate the setup
- Position Scaling: Consider entering 50% position now and adding 25% at each retest of broken resistance
- Market Conditions to Watch: Overall crypto market sentiment and Bitcoin's price action
Additional Considerations:
The breakout is occurring with increasing volume, which adds credibility to the move. The prior uptrend's strength suggests this continuation pattern could have significant upside potential.
Trade Validation:
- Bullish Case: Sustained trading above 0.4400 with increasing volume
- Invalidation: Clean break below 0.4200 would negate the bullish setup
Market Context:
The crypto market has been showing signs of renewed strength, which supports the bullish case for ALGO. The clean break of the wedge pattern aligns with broader market dynamics, suggesting higher probability of success for this setup.
CHZ/USDT 1H: Descending Wedge Pattern - Bullish Breakout SetupCHZ is currently forming a descending wedge pattern, which is typically a bullish reversal pattern when formed in a downtrend. The price has been making lower highs and lower lows within the wedge, but the convergence of the trendlines suggests a potential breakout is approaching.
Key Technical Observations:
The primary trend shows a strong upward movement followed by a corrective phase within the descending wedge. The upper trendline connects multiple lower highs, while the lower trendline connects the lower lows, creating a clear convergence. The pattern started forming after reaching a local high, and the price has been consolidating with decreasing volatility, which often precedes a significant move.
Price Targets:
Given the height of the wedge and volatility principles:
1. Initial target: 0.14000 (previous resistance level)
2. Secondary target: 0.16000 (based on previous swing high)
3. Extended target: 0.18996 (projection based on the full previous move)
Trading Setup:
- Entry Conditions: Wait for a decisive breakout above the upper trendline (currently around 0.12000) with increased volume
- Initial Stop Loss: Place below the most recent swing low at 0.10500
- Take Profit Levels:
1. First TP at 0.14000
2. Second TP at 0.16000
3. Final TP at 0.18996
Risk Management:
- Stop Loss Placement: Below the wedge's lower trendline to maintain pattern validity
- Position Scaling: Consider entering 50% position on initial breakout, add 25% on first retest of breakout level, final 25% after confirmation
- Market Conditions to Watch: Overall crypto market sentiment, Bitcoin's price action, and trading volume
Additional Considerations:
The decreasing volume within the wedge supports the pattern's validity. A sudden increase in volume during breakout would provide additional confirmation of the setup.
Trade Validation:
- Bullish case: Break above 0.12000 with strong volume
- Invalidation: Break below the lower trendline or 0.10000 support level
- Pattern timing: Expect resolution within the next 24-48 hours based on wedge convergence