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Pivot Points

Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
Will BTCUSD’s Breakout Lead to a $90K Target?CRYPTO:BTCUSD Multi-Timeframe Analysis Current Price: 71,149.92 Bullish Indicators • Cup and Handle Pattern • Descending Broadening Wedge Key Levels • Strong Pivot Level: 62,500 • Ultimate Resistance: 75,000.00 • Primary Price Target: 90,000.00 Cup and Handle Pattern (Weekly Chart) On the weekly chart, BTCUSD has formed a Cup and Handle pattern—a classic bullish continuation pattern suggesting renewed buying interest after a period of consolidation. The rounded bottom of the cup indicates strong accumulation, while the handle represents a temporary consolidation before the next upward move. Based on the measured depth of the cup, we find a potential long-term price projection around 120,000.00, aligning with broader bullish expectations in the current trend. Descending Broadening Wedge (Daily Chart) Zooming in on the daily chart, the handle section has formed a Descending Broadening Wedge. This pattern is another bullish indicator, often signaling potential for a breakout to the upside as it nears completion. Importantly, the price has recently broken the upper trendline of the wedge, reinforcing the likelihood of an upward movement. Based on our measurement of this wedge, we set a mid-term price target of 90,000.00, supporting the broader bullish outlook indicated by the Cup and Handle. Monitor Key Support and Resistance Levels: The strong pivot at 62,500 serves as a critical support level. Sustained movement above this level reinforces the bullish case. Resistance Checkpoints: Price momentum toward the ultimate resistance at 75,000.00 will be crucial to confirm the continuation of the bullish trend toward the primary target of 90,000.00. Happy Trading! For timely updates and additional insights, follow us to stay informed on BTCUSD’s next moves.
CRYPTO:BTCUSDLong
by SpicyPips
Taking advantage of a potential wyckoff breakoutAs the title says, axs is on a potential wyckoff breakout. A wyckoff breakout is a breakout so big to the upside that you won't have to worry about your bills for the next 5 years. Along with the potential wyckoff breakout, this asset has a potential trade setup for a value rotation to the upside. I have seen much of this fractal leading into the highest of the range only to be rejected to the downside. However, we are sitting pretty at the bottom of the range and the highest probability from the setup (if conditions are met), is to blast thru to the upside. So what are the conditions? 1. Pretty much just go back to the value range, we are longing the VAL along with the reclaim of a weekly
Long
by christoferjuliussayco
2
Key Levels to Watch for NZDUSD Long EntryHello, OANDA:NZDUSD pair is approaching its 1-year strong support level at 0.589779. Although there's still some ground to cover, this level remains a potential test point. A possible turnaround could occur around 0.597577 if support holds. Following that, key levels to watch are 0.595883-0.591643, with the final support at the 1-year low. Monitoring these levels closely may reveal an optimal entry point for a long position. TradeWithTheTrend3344
by TradeWithTheTrend3344
USDCHF: Potential Downside to Key Support LevelHello, FX:USDCHF is expected to experience further downside in the near future, potentially reaching 0.845992, a level that has historically served as support. It will likely test this point again to determine if it can hold as support. However, before this occurs, the currency pair must break through the weekly and daily support structures to confirm additional downside movement. While the setup suggests a strong possibility of a decline, confirmation is still required. TradeWithTheTrend3344
by TradeWithTheTrend3344
USD/JPY schould the bears take their chance ? In recent weeks, we’ve seen a massive bullish movement. I believe many have been anticipating a bearish pullback or pivot. The market has now entered my daily supply zone, with indicators suggesting a potential bearish move ahead. Switching to the 4-hour timeframe, I don’t see a supply zone that meets my criteria when looking to the left. I’ll wait for the market to establish a current supply zone, which could present an entry opportunity soon. What I’m looking for now is a clear rejection favoring the bears to confirm a strong bearish move.
Short
by Glitchz_99
4
XAUUSD Primed for Bullish Continuation Amid SupportHello, OANDA:XAUUSD has maintained its position at the weekly support level, with a weekly low of 2708.72. A continuation is anticipated from here, although sellers remain active and strong. The 1W and 1D pivot points suggest potential for further downside, so caution is advised. However, if the price breaks above the 1W pivot point, we could see additional upward movement. Overall, conditions still appear primed for a bullish continuation. TradeWithTheTrend3344
OANDA:XAUUSD
by TradeWithTheTrend3344
USDJPY - Hangman Reversal (600 pip)Dollar (USD) has been extremely strong, however has come to a point of resistance and risk. US Elections are in 10 days. Market is monitoring the resiliency of US economy. With markets normalizing, looks like there may be more appetite for risk as Central Banks are telegraphing their moves. Yen (JPY) has been been on the other side of this coin and it has been nothing but weak. This is at a potential changing point with new administration in Japan, expected rate hikes coming from BoJ and shifting global trends. This will be highly data-driven trade. Can be invalidated or in-the-money extremely quickly.
Short
by dsmall