The 15-minute timeframe chart you provided for XAUUSD (Gold) illustrates a potential trading plan. Here's a breakdown of the analysis: Current Price Action: The price is hovering around the 2,622 level. Support and Resistance Zones: There is a clear 15-minute support zone marked below the current price, around the 2,617 level. The potential resistance or sell...
Liquidity Sweep: At the top of the recent price movement, the chart indicates a "Liquidity Sweep" just above a resistance level, where stop-loss orders are likely triggered. This suggests a potential reversal zone after the liquidity grab. Sell Limit Order: A sell limit order is placed slightly below the liquidity sweep, indicating that the trader expects the...
FVG (Fair Value Gap): There are two highlighted Fair Value Gaps (FVGs) on the chart. These gaps often indicate zones of inefficiency, which price might return to fill before resuming its trend. Entry Point: The suggested entry point is near 90.999 within the upper FVG. This zone could be where the trader expects price to retrace before continuing the...
Gold- 4 HOURS chart technical analysis if price manage to ful the 2535 area. AB=CD Pattern Context: The AB=CD pattern projects that the price will rise in a predictable harmonic manner, and the D point represents a potential reversal zone. The final point D is projected near $2,635, which aligns closely with your take-profit targets, particularly TP1 at...
Sell Limit Order: The entry point for the trade is marked at 0.6187, indicating the price level where a sell limit order is placed. The expectation is that price will rise to this level, trigger the sell order, and then decline. Stop Loss: The stop loss is positioned slightly above the sell limit level at 0.6193, to manage risk in case the price continues to rise...
Entry: The entry is at 140.870, which occurs upon a retest of the breakout from the handle. Take Profit: The take profit is set at 142.00, aligning with the measured move projection from the cup formation. Stop Loss: The stop loss is set at 140.540, positioned just below the handle’s low to protect against false breakouts. Additional Insights: Risk-Reward Ratio:...
1. Order Block (OB): The marked 4-hour Order Block (OB) indicates an area of potential resistance or a supply zone. Price is expected to face resistance in this area (around 1.3180 to 1.3200). 2. Entry: The entry is planned after a retest of the OB, where the price retraces back to the order block area after an initial rejection. This is noted on the chart as...
Key Details: Entry Point: The suggested entry point appears to be after a minor pullback from the recent high. This typically indicates a possible rejection from a resistance level before a bearish movement. It looks like the entry is close to 2578 (as displayed on the chart). Stop Loss: The stop loss is placed above the recent highs, around 2582, protecting the...
This setup is for intraday trades on 15 minutes time frame.
Technical Analysis: Entry: The entry point is located at 1.10558, suggesting a long position (buy) in anticipation of upward movement. Stop Loss: The stop loss is set at 1.10194, placed below a critical support zone to protect against downside risk. This placement indicates that if the price drops below this level, the trader anticipates further bearish...
Fibonacci Levels: You have drawn Fibonacci retracement levels to identify potential reversal zones. The key levels include: 0.382 (1.1108) 0.5 (1.10788) 0.618 (1.10971) 0.7 (1.11094) 0.79 (1.11231) Fair Value Gap (FVG): A shaded area marked as "FVG" suggests this is an important zone for price action. It’s likely where you expect some reaction or liquidity...
Price Channel: The price appears to be moving within a defined downward channel (bearish structure), with the price approaching the upper boundary of this channel. This is often considered a potential selling opportunity as the price might reverse from the upper boundary and continue following the downtrend. Entry Point: The entry is defined near the 1.5060...
This chart of EUR/NZD provides a technical setup, and the analysis suggests a strategy centered on a breakout and retest scenario. Here’s a detailed breakdown of the trading plan based on the provided chart: Technical Analysis: Breakout and Retest Strategy: The entry is contingent upon a breakout and retest of a defined resistance zone. The chart shows a key...
Technical Analysis Overbought Condition: The chart suggests that Gold is currently overbought as it has rallied significantly, pushing into a potential resistance zone. Overbought conditions could signal a reversal or consolidation. Resistance Levels: Several resistance levels are indicated on the chart, where price action has historically faced selling...
Weekly plan for gold. i have uploaded this chart for my observation so i can update my hourly or intradey charts.
Key Analysis Points: Break of Structure (BOS): A clear breakdown of a previous support area, marked as "BOS" on the chart, signaling a shift in market structure. Resistance Zone: A resistance area is highlighted in red. The price broke through this level, confirming the bearish momentum. Entry Strategy: The chart suggests waiting for a pullback and retest of...
Trendline: There is a descending trendline indicating a previous downward trend. Resistance Zone: This is marked at the top of the chart. The price needs to break and retest this zone to confirm an upward movement. Support Zone: Marked at the bottom, indicating where the price found support before bouncing back. Break of Structure (BOS): This indicates that a...
Trendline: A downward-sloping trendline was drawn, showing a previously bearish trend. BOS (Break of Structure): A "Break of Structure" is indicated, marking a point where the market shifted from a downtrend to an uptrend. Entry on Breakout and Retest: The chart suggests entering a buy position after the price breaks above a key resistance level (the horizontal...