Bitcoin is currently trading within a well-defined ascending channel on the 1-hour chart. Price recently bounced off the lower boundary of the channel and is showing signs of bullish continuation. Entry: Around 94,400 Stop Loss: 94,250 Take Profit: 95,642 The price action shows a clear upward channel with consistently higher highs and higher lows. After the...
XAUUSD is showing signs of a bullish continuation on the 15-minute chart. After a strong recovery from recent lows around 3,202, price formed a higher low and broke above a short-term resistance zone. The current move suggests buyers are gaining control, with potential for price to push toward the 3,315 level. Entry is around 3,265 with a stop loss at 3,240 and...
BTC recently broke out of an accumulation range, highlighted by the yellow box on the chart. Following the breakout, price surged and tapped into a nearby supply zone, showing signs of rejection. Current movement suggests a potential shift in momentum to the downside. We are currently monitoring a potential short setup on BTCUSD after price tapped into a clear...
Gold finally broke below that trendline that’s been holding for a while. We had a clean BOS (break of structure), then a retest into the previous support now acting as resistance. Entered short after the rejection from the 3,134 zone. My setup: Bearish - Entry: $3,099 - SL: Above the retest zone 3,134 - TP:2,976 area (major demand zone) - Reason:...
Hey traders 👋 Here's a setup I’m currently watching on USDJPY. We just saw price react sharply from a clear supply zone around 149.90 – 150.00, which aligns perfectly with a previous structure and imbalance area. After a solid bearish rejection candle, I entered short with the expectation of a continued drop, targeting the 148.40 support zone. The RR is decent on...