Get started

Trend Lines

GOLD → Pressure from the bears. Why are we falling?FX:XAUUSD does not react to strong support levels. The bulls, despite the positive background for them, could not keep the defense above the key structure. Weak structure on the D1 timeframe. A complex structure is forming on the D1 indicating that the uptrend support is under pressure. That is, if this area is broken, there could be momentum in the market through capitulation. Fundamentally, the market is not reacting to the escalated situation in the middle east and eastern Europe, accepting what is happening at the moment. China has promised increased financial support for the economy and this could attract new capital into the gold market. Markets are likely to trade cautiously as they prepare for a series of labor market data from the US later this week. Resistance levels: 2637, 2648, 2664 Support levels: 2615, 2606, 2600 Technically, the price is inside the local ascending channel, but in the selling zone. Due to bearish pressure, the price may head down and test the 2600 area. But where to go from here? The reaction to the 2600 area after the retest will tell us. Regards R. Linda!
FX:XAUUSDShort
by RLinda
12
USDJPY → Consolidation before continuing growthFX:USDJPY is consolidating after strong growth. A promising dollar and weak japanese central bank policy form a medium-term bullish potential in the currency pair The currency pair returns almost all of the strong fall associated with last year's course of rate cuts in the U.S., rate hikes in Japan and interventions that were actively conducted by the Central Bank of Japan. What was the outcome of all the actions? It was all in vain. The price turned around and almost approached 162.0. At the moment the emphasis is on consolidation, which has been forming for several weeks. We have clear boundaries, trend and strong levels to use in our trading. Resistance levels: 158.1 Support levels: 156.74, 155.88 The trigger for me is the resistance at 158.1. A breakout and price consolidation above this level will be a confirmation that we are ready to move further towards ATH. I do not exclude the fact that now the price may not be let in and the currency pair will form a correction to the consolidation support before further growth Regards R. Linda!
Long
by RLinda
2
MORPHO/USDT Ascending Trendline Support and Long Retest Setup This 4-hour chart for MORPHO/USDT highlights a potential long setup at a critical zone. The price action shows a consistent upward trajectory, supported by an ascending trendline. The recent pullback respects a key horizontal support zone around $3.25-$3.05, aligned with previous resistance turned support. The setup suggests entering a long position at the current retest level. The risk is managed with a stop loss below the trendline and the support zone at $2.95, ensuring protection against invalidation. The target is bigger, offering an attractive risk-reward ratio. While the structure remains bullish, caution is advised due to market volatility and potential downside pressure if the support zone breaks. Monitoring price action near the trendline is essential. Also always make sure to book profit on every 10% of the movement and move SL to Entry for a safe ride and keep reaping more profits without any lose
Long
by wolfchemist
AGLD/USDT, Ascending Channel with 2:6 Risk-Reward SetupThis chart displays an Ascending Channel Pattern where the price is trending upward within parallel support and resistance lines. The long position designed here follows a 2:6 risk-reward ratio , indicating a calculated trade setup with a potential 50% profit at the target price of $3.717 and a controlled 18% loss at the stop-loss of $2.016 . The ascending channel suggests bullish momentum, and the strategy aligns with a breakout continuation toward the upper resistance level. However, if the price fails to sustain above the lower trendline, the trade could hit the stop-loss. This setup offers a favorable risk-reward profile for traders looking to capitalize on the channel's upward trajectory.
Long
by wolfchemist
8
Can the HOUSE Capitalize LONG this week on Crude OIL...?NYMEX:MCL1! "In order to be successful in life you have to learn how to do something so well that the dead, the living, or the unborn could not to do any better." -Dr. MLK Jr. Here on the 4Hr TF market opened up and we are currently inside of the HTF Daily Supply Zone ($73.43). Now this is my "Confluence Profile 500K" Playbook System to go LONG; Pillar 1) HTF EOF 'Market Direction' Who has the stronger more dominant hand? Now everyone's perception is different and that is totally fine. In my personal opinion we are still Pro Trend Bearish, however currently buyers have the slight EDGE. Now Im going to wait see how price reacts with the 4HR Sub. ($73.75) and wait to see if we can get a LTF Order Flow Footprint confirmation to enter LONG and Target the HIGHS.... Pillar 2) HTF Mitigation leads to LTF Order Flow Entry Confirmation. Let's be more patient and wait for more Data to be printed and then we'll create a better narrative to enter. I'll keep close update as PA develops. Til then before I head off, family I have to say; NOTHING and I repeat NOTHING in the market is set in stone. We play probability & adaptability to market conditions. Let's be skilled. Let's be patient. Let's be focused. Developing a stronger system that performs exceedingly well over time. Continued Success to you all... Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well Abundance awaits us." -500KTrey
NYMEX:MCL1!Long
by TreyHighPwr
EURUSD InsightHello, subscribers! Thank you all for tuning in. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points: - The ISM December U.S. Manufacturing PMI rose by 0.9 points from the previous month to 49.3, exceeding the market expectation of 48.4. - The People’s Bank of China announced in its Q4 monetary policy committee discussions that it will reduce the reserve requirement ratio and interest rates at an appropriate time. It also emphasized strengthening monetary policy adjustments to enhance foresight, purpose, and effectiveness. - European natural gas futures surged nearly 4% last week, continuing their sharp rise, drawing attention to the Eurozone CPI. Major Economic Events This Week: + January 6: Germany's December Consumer Price Index, U.S. December Services PMI + January 7: Eurozone December Consumer Price Index, U.S. December ISM Non-Manufacturing PMI, U.S. November JOLTS report + January 8: U.S. December ADP Nonfarm Employment Change, FOMC Meeting Minutes + January 10: U.S. December Nonfarm Payrolls, Unemployment Rate EUR/USD Chart Analysis: After breaking through the 1.03400 support line, which was tested twice, EUR/USD extended its decline to the 1.02000 level. While it is showing signs of recovery, thick resistance levels above suggest that sustaining an upward trend will be challenging. The potential rebound highs are expected at two levels: the first near the 1.03400 line and the second at the 1.04500 line. Following a rejection at these levels, a decline toward the 1.01000 line is anticipated. If an unexpectedly strong upward trend occurs, we will quickly revise our strategy.
Short
by shawntime_academy
BONK/USDT, Falling Wedge Breakout with Retest #BONK formed a Falling Wedge pattern on the BONK/USDT pair, which is typically a bullish formation. A breakout has already occurred, and the price is now retesting the upper trendline of the wedge. The area between 0.0000333 and 0.000032 appears to be a good entry zone for potential longs. If the retest holds, the price may aim for the expected target of 0.000046. However, confirmation of support around the retest level is crucial before entering a long trade. Keep an eye on the price action in this region and implement proper risk management strategies.
Long
by wolfchemist
Alikze »» PEOPLE |Corrective structure in ascending channel🔍 Technical analysis: Corrective structure in ascending channel - It is moving in an ascending channel in the daily time frame. - At present, the supply area is faced with sales pressure. - According to the downward momentum, it can have a pullback with a broken structure. 💎Possible scenario: Therefore, any attempt to the supply zone, if it does not break it upwards, can continue the downward path and touch the 0.04880 range first. 💎 Alternative scenario: In addition, if the region breaks the supply, it can grow to the next region. 🛑 Resistance range: 0.10986 - 0.12207 🟩 Support range: 0.03662 - 0.04272 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by alikze
GBPJPY is Holding above the Support , All Eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY 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
Long
by ForexMasters2000
SUI is about to FLY HIGH!So, there was a lot of FUD about SUI being rejected at the $4.98 resistance level and yesterday it passed it. Today we are seeing a healthy test above $5.00 which means that support will now be $4.98 and an upward climb to $10.00 shall commence. Im loading up bags at the daily/weekly close today once the above is confirmed. as long as BTC doesn't go bearish then there is no reason SUI wont continue this climb. Definitely a great opportunity on a solid project. -This is not financial advice...
COINBASE:SUIUSDLong
by BryanNola504
USD/JPY Analysis: Bullish Momentum Awaits Key ConfirmationUSD/JPY Analysis The overall trend remains bullish, but confirmation of the bullish scenario requires a 4-hour candle close above 157.980. If this occurs, the price is likely to target 159.820 and 161.820. On the other hand, if a 4-hour candle closes below 156.580, it signals a potential drop toward 153.980. A further break below this level could see the price decline to 151.780. Stability above 157.980 will reinforce the bullish momentum, with targets at 159.820 and 161.820. Key Levels: Pivot Line: 156.590 Resistance Levels: 159.40, 161.82, 163.20 Support Levels: 154.64, 153.43, 151.790 Trend Outlook Bullish: Above 157.980 Bearish: Below 156.580 Consolidation: Between 156.45 and 157.98 previous idea:
Long
by SroshMayi
1