The market is currently trading near the support zone, which serves as a pivotal level for future price action. The projected trajectory, as indicated by the white arrow, suggests a potential continuation of the downtrend toward the next major support level around 91,567.2. This aligns with the overall bearish momentum and could offer a high-probability trade...
USD/JPY Technical Analysis The USD/JPY chart showcases a critical price action setup, emphasizing key levels of support and resistance with potential trade opportunities. 1. Resistance Zone: The pair is currently trading near a strong resistance level at 158.1, where price rejection has been observed multiple times. This suggests a significant barrier to upward...
Timeframe: 1H Current Price: 94,284.0 Analysis The BTC/USD pair is displaying signs of bearish momentum after failing to sustain levels near resistance. The following observations are made: 1. Resistance Rejection: A clear rejection is visible at the upper resistance zone, indicating strong selling pressure. 2. Support Zone in Focus: The price appears to...
BTC Buy Position: Entry: Buy at 95600 Stop Loss (SL): 94000 Take Profit (TP): TP1: 97500 TP2: 98500 TP3: 99500 Important: Always follow proper money management practices. Consistency and discipline are key to successful trading.
BTC/USD 1H Analysis 1. Key Resistance Zone: The resistance zone lies between $98,300 and $100,000. Price action in this zone indicates strong selling pressure, making it a critical level for bullish continuation. 2. Support Zone: A significant support zone is identified near $92,000. This level could serve as a potential rebound area if the price experiences a...
"Gold (XAU/USD) is trading near a critical resistance zone. A potential upward move targets 2,642.713, with a stop-loss set at 2,594.089 to manage risk. Monitor closely for price action around the resistance zone for confirmation."
The attached chart presents a detailed technical analysis of gold prices on the hourly timeframe. The key highlights are as follows: 1. Supply Zone Resistance: Price is currently trading near a supply zone around $2,632.592, where a potential rejection is anticipated. This zone acts as a significant resistance level. 2. Projected Price Movement: Based on the...
"XAU/USD is trading near a critical resistance zone at 2610. A clear rejection at this level and a break below the highlighted support zone could indicate bearish momentum, with a potential target around 2583. Traders are advised to watch for confirmations such as strong bearish candlesticks or increased selling volume before entering short positions. Always...
This is a Bitcoin price chart against USD on the 1-hour timeframe from TradingView. It appears to analyze potential price movements. Here's a brief breakdown: 1. Price Range: Current price: 93,707 USD. Support zone: Highlighted in white near 92,000 USD. Resistance zone: Highlighted in red above 100,000 USD. 2. Trend Lines: A descending price movement has...
XAGUSD H4 Chart Insight Bullish Reversal in Play Key Points: - Choch pattern identified after multiple BOS events - Trend reversal from bearish to bullish confirmed - Fair Value Gap observed Market Update: Silver surges after filling the Fair Value Gap and bouncing off the Point of Interest (POI) Trade Plan: SL below POI TP levels marked on the chart
XAUUSD H4 Chart Analysis Bearish Trend Reversal Confirmed Key Highlights: - Choch pattern formed after multiple Break of Structure (BOS) events - Trend reversal from bullish to bearish confirmed - Recent fill of Fair Value Gap observed Market Outlook: Gold poised for decline after filling Fair Value Gap and bouncing off Point of Interest (POI) Trading...
Trend Reversal Confirmed: GBPUSD Prepares for Uptrend Rally The downtrend has officially reversed, paving the way for a significant bullish rally. A key rectangle on the chart, marked as a support and resistance zone, has played a pivotal role in this trend reversal. This analysis combines Smart Money Concept and Price Action principles, highlighting the...