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🔍 Key Observations: 1. Descending Channel (Bearish Trendline) Price has been respecting a downward-sloping parallel channel (red lines). It recently broke out above the upper trendline of the descending channel, indicating a potential trend reversal or at least a corrective move upward. 2. Retest of Broken Structure After breaking the channel, the price retested...

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🔍 Chart Structure Overview Downtrend Channel (Bearish Flag/Wedge): The price has been moving within a well-defined descending channel. Multiple touches on both the upper and lower trendlines confirm the structure. Breakout Confirmation: Price has now broken above the upper trendline of the descending channel, indicating a potential bullish breakout. This is...

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AUD/CAD on the 1-hour timeframe, and here's a detailed analysis based on the current price action and key levels: 🔍 Market Structure & Price Action The overall trend prior to the recent move is bearish, as shown by the consistent series of lower highs and lower lows. Price dropped sharply, breaking through previous support levels, and has now tapped into a...

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EUR/USD (2H Timeframe) Trade Plan 🔹 Trade Setup: Bullish Breakout & Retest Since the price has broken the downtrend and is testing a key level, the plan is to enter on a retest confirmation. 📌 Entry Strategy Entry Point: Wait for a retest of 1.0820 - 1.0840 zone. Look for bullish rejection signals such as: Bullish engulfing candle Pin bar (long wick rejecting...

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Trend & Market Structure The pair was in a downtrend, forming lower highs and lower lows within a descending channel. A breakout has occurred, signaling a possible trend reversal or correction. Key Levels & Zones Support Zone: 0.8333 - 0.8340, where price found strong buying pressure. Resistance Zone: 0.8372 - 0.8375, where price is currently testing. Higher...

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Market Structure & Trend The pair was in a downtrend, as indicated by the descending trendlines. Recently, there was a breakout to the upside, suggesting a potential trend reversal or correction. Key Levels & Zones Support Zone: Around 0.9500 - 0.9510, where price bounced strongly. Resistance Zone: Around 0.9540 - 0.9550, where price is currently testing. If...

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Key Observations: Support Zone (Gray Box at ~93.00 Level) Price recently bounced off this minor support zone, indicating potential buying pressure. Descending Trendline Resistance (Short-Term Bearish Structure) Price is still respecting a descending trendline. A confirmed breakout above this trendline could signal further bullish movement. Key Resistance to...

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Current Market Conditions: Timeframe: 15-minute chart Price Action: Strong bearish momentum with a major breakdown below support. Key Levels: Previous Support: Around $3,020 - $3,025, now acting as resistance. Current Price: $3,013.80 (as of screenshot). Next Support Target: Around $3,000 - $2,995 (psychological level). Your Trade Breakdown (Sell Position) 1️⃣...

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1. Trade Type: This is a Sell (Short) trade on the GBP/AUD currency pair. 2. Key Chart Analysis: Entry Zone: The trade is entered around the 2.05978 level. Resistance Zone: Price has reached a strong resistance area (gray-shaded region), which was previously a supply zone. Support Zone (Take Profit): The target (TP) is around 2.03313, where a previous...

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Technical Analysis Chart Timeframe: 2-hour chart Trend Structure: The price was in a rising channel, forming higher highs and higher lows. A breakdown has occurred, violating the ascending trendline (orange line). The bearish engulfing pattern and aggressive sell-off confirm a shift in momentum. Key Levels: Support: 1.2770 – 1.2717 (target zone) Resistance: 1.2996...

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1. Entry Point – Bearish Confirmation 🔹 Break of the Uptrend: The price was following a well-defined ascending trendline until it broke below it. A bearish candle closed below the trendline, confirming a structure shift. 🔹 Retest and Rejection: Price retested the broken trendline and previous support zone, but failed to break back above. The dark gray box...

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1. Market Structure & Trend Shift The pair was in a clear uptrend, forming higher highs and higher lows. However, price broke below the ascending trendline, signaling a potential trend reversal. A retest of the broken trendline confirms bearish strength, as price rejected from it. 2. Entry Strategies ✅ Break & Retest Entry (Best Option) Since price already broke...

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Key Analysis: Harmonic Pattern & Breakout: The price broke out from the triangle pattern, confirming bullish momentum. Retest & Buy Zone: The market is currently retesting the breakout level, aligning with the previous resistance turned support. Trade Setup: Entry: Around 0.6330 (support zone) Stop Loss (SL): Below 0.6316 Take Profit (TP): Around 0.6415, targeting...

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Market Structure: The price was in an uptrend, forming higher highs and higher lows. It has now reached a strong resistance zone near 87.469, where sellers have stepped in. There is a break of structure, indicating a possible trend reversal or retracement. Trade Setup: A short (sell) trade has been placed around the resistance zone. Stop-loss is above 87.469 (gray...

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Market Structure: The market is in an uptrend, with price forming higher highs and higher lows. A recent spike led to a temporary top before a slight pullback. Trade Setup: There is a sell order placed near the recent high. The stop-loss is positioned above the recent high (shaded gray box). The take-profit is much lower, indicating a short position aiming for a...

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1. Market Context & Trend Overview Current Trend: Gold is in a strong uptrend, forming higher highs and higher lows within an ascending channel. Price Position: The price has reached the upper boundary of the channel, acting as resistance, making it a key decision point. 2. Bearish Retracement Expectation The chart suggests a potential pullback after reaching...

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1. Market Structure & Trend The chart shows a strong bullish trend with a consistent series of higher highs and higher lows. Gold is trading within an ascending channel, respecting both the upper and lower trendlines. The price is currently testing the upper boundary of the channel, which could act as a resistance level. 2. Fibonacci Retracement Analysis The...

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1. Market Structure The chart indicates a potential reversal or correction after an extended bullish run. Price reached a strong resistance zone (~194.45 - 194.92) and is now showing signs of rejection. A bearish retracement is forming, with price breaking a short-term ascending trendline. 2. Key Levels Resistance Zone (~194.45 - 194.92): This area acted as a...