Richardtrader110

Richardtrader110

1. Current Price: The price of gold is at $3,329.650, up +35.003 (+1.06%) for the session. 2. Previous Trend (Green Channel on the Left): A bullish trend was observed from May 20–21, marked by a rising channel (price consistently moved higher). 3. Resistance Zone (Red Rectangle): The area between $3,345.251 and $3,350.095 is highlighted as a resistance zone — a...

Richardtrader110

Current Price: • BTC/USD = $110,952 • The price is slightly pulling back after reaching a recent high. ⸻ 2. Resistance Zone (Top Black Lines & Red Arrow): • Price hit strong resistance around $112,000, indicated by the red arrow and orange circle. • This level rejected the price upward momentum, suggesting selling pressure or profit-taking by traders. ⸻ 3....

Richardtrader110

⸻ 1. Price Action & Trend • The chart shows a strong uptrend leading into a potential reversal. • A rising wedge pattern is drawn with two black trend lines, which is typically a bearish reversal pattern. It suggests momentum is weakening. ⸻ 2. Resistance Zone (Red Area) • The red zone around 1.34660 is a supply/resistance area where price faced selling...

Richardtrader110

The target has been successfully achieved with a 1200 pips move completed. Price broke out of the previous consolidation, followed the upward trend, and reached the marked target zone around 3,293.805. Trade idea played out perfectly — mission accomplished!

Richardtrader110

This chart shows the EUR/USD (Euro to US Dollar) on the 1-hour timeframe, with technical analysis suggesting a potential price drop soon. Here’s a breakdown of the key elements: ⸻ Chart Summary: • Instrument: EUR/USD currency pair • Timeframe: 1 Hour • Current Price: Around 1.12272 • Trend Direction (Expected): Bearish (downward) ⸻ Key Features: 1. Supply...

Richardtrader110

• Price Zone: Currently around $3,204. • Uptrend Channel: The price is moving upward inside a rising channel (black lines). • Possible Move: The arrows suggest a pullback to the lower trendline, then a rise toward the $3,276 target (green box). • Entry Area: Around current price ($3,204), possibly after a small dip. • Stop Loss: Around $3,141 (red...

Richardtrader110

1. Uptrend & Reversal (Left side - Blue Trendline): • The chart initially shows a strong uptrend, represented by the blue ascending trendline. • Price peaked near the brown resistance zone (around 3437). • A bearish reversal occurred after touching that resistance. 2. Downtrend Initiated (Right side - Blue Downward Trendline): • A descending trendline marks a...

Richardtrader110

Downtrend: The chart shows a clear downtrend with the price moving below a descending trendline (blue line). • Support Zone: There is a highlighted orange/red support zone around the price level of $3,217–$3,224, where price recently bounced. • Reversal Possibility: The small black projected path suggests a potential reversal or consolidation from the support...