Forexsetup
The Market Never Sleeps, and Neither Should Your Edge!Check this out, folks: The chart is looking like a bull’s playground 🐂 with more flags than an Olympic opening ceremony! 🏳️🌈 Let's break it down:
📈 Trend On Fire: Those sharp orange lines? That’s the market saying, “Pullbacks? Sure. But I’m not done climbing!” It’s a stairway to profits, baby! 💸
☕ Cup and Handle Brewing: See that big, juicy magenta cup? 🍵 This chart’s serving up a potential breakout recipe: a little consolidation, a lot of momentum, and maybe a moonshot. 🌕
🤔 But Wait, There’s More: The top triangle is throwing shade like, “I’m running out of steam.” ⚡ Could this be a fakeout before a shakeout? Or just the market catching its breath? Time will tell! ⏳
🎯 Key Levels to Watch:
Breakout above consolidation = 🚀 to new highs.
Failure? It’s time to re-test the base. 🛑
🔥 Remember, the market rewards the prepared, not the hopeful. Stay sharp, stay disciplined, and always trade with an edge. Let’s crush it, fam! 💪
#RoadToAMillion #BullishAF #CupAndHandle #GeorgeKnowsGraphs 🎄✨
Bearish Setup in AUD/USDT: Trendline Support Under PressureAUD/USDT is currently moving in a classical bearish pattern, with the price taking temporary support at the lower trendline.
However, this support appears weak, and it is unlikely to hold for long. A breakdown from this level could lead to further downside momentum.
More bearish movement is expected as the structure remains in favor of sellers.
DYOR, NFA
USD JPY Weekly Usdjpy weekly
✔Breakout and a Retest of trend
✔Rising Wedge
✔Breakout of support on D_TF and Retest,
even though it dropped to about 160pips last week, later went up above previous entry it pretend to Breakout of trend to the up side, I guess news caused that
but all the downside confirmation are still checked.
Gold long will too long read the caption Good Day... And a Tom Terrific Tuesday to you! Well, a PT guy came to the house yesterday, sent by my doctors, to get me strong again... I told the PT that my youngest son was a PT, and he about turned around and left, but then I told him that my son hadn't checked with me, so he was more than welcome to begin... I passed all the tests! I even blew the guy away with my balance! And That, was the highlight of my day! I did sit outside and read again, marking two days in a row of me getting outside... It's the little things that I work toward these days.... Uriah Heap greets me this morning with their 70's anthem song: July Morning... This is the song that I quote the lyrics to the first Pfennig of July
EUR/USD (READ DESCRIPTION)Pivot Point: 1.0845
The pivot at 1.0845 serves as a critical support level for the EUR/USD pair. If the price holds above this level, it signals the potential for further upside movement. The technical outlook suggests a bullish bias as long as this support remains intact.
Our Preference: Long Positions
Recommended Trade:
Long positions are preferred as long as the price remains above the pivot at 1.0845. This suggests that the pair could rally to test higher resistance levels.
Target Levels for Upside Movement:
First Target: 1.0880
This level acts as an intermediate resistance, where traders may consider taking profit or assess the strength of the bullish momentum.
Second Target: 1.0900
If the first resistance at 1.0880 is surpassed, the next target is 1.0900, representing a continuation of the bullish trend.
Alternative Scenario: Downside Risks
If the price drops below 1.0845:
A break below this pivot would open the door to a downside move.
Bearish Outlook:
First Target: 1.0825
Second Target: 1.0810
These levels represent potential areas of support in a bearish scenario, indicating further downward movement.
Technical Insights:
RSI (Relative Strength Index):
The RSI is mixed but holding above its neutral area, signaling a cautious bullish sentiment. If the RSI continues to rise, it could confirm increasing buying interest.
Support Zone Strength:
The 1.0845 level has provided stability, allowing the price to form a base for potential upward movement, increasing the likelihood of a bullish continuation.
Moving Averages:
If EUR/USD rises above key moving averages, such as the 20-period or 50-period, it would provide further confirmation of the bullish scenario. A crossover in these averages may signal a stronger upward trend.
Momentum Indicators:
Indicators like the MACD remain positive, supporting a continuation of the upward momentum. If a bullish crossover occurs, it will likely further solidify the upward trajectory.
EUR/USD Price Analysis: (READ DESCRIPTION)EUR/USD Price Analysis: Potential Short-Term Upside
Pivot Point: 1.0825
This level serves as a key support level that guides near-term price movements.
Market Outlook
Our Preference:
Bullish Scenario: Long positions are recommended above 1.0825, indicating potential upward movement.
Target Levels:
Target 1: 1.0855
Target 2: 1.0870
These levels represent potential profit zones for long positions, should the price maintain above the pivot.
Alternative Scenario
If EUR/USD drops below 1.0825:
Bearish Outlook: Further downside could be expected.
Target Levels:
Target 1: 1.0810
Target 2: 1.0795
This suggests bearish movement if the price falls below the pivot, aiming for lower support areas.
Technical Indicators
RSI (Relative Strength Index): The RSI indicator shows a mixed signal, suggesting traders should exercise caution as the market could experience some volatility.
EUR/USD Breakdown – Quick Bounce or Headed for a Wipeout?Alright, trading family, the EUR/USD pair is riding some choppy waters. A short bounce to 1.0809 might be in the cards, but don’t get too comfy—it could just be a quick breather before we dive back toward 1.0700 or even deeper to 1.0645 or 1.0580.
Key Levels:
Breakdown Zone: 1.0700 – Looks like the next wave if sellers keep control.
Bounce Play: 1.0809 – Bulls might show up, but it could be a short ride.
Lower Support: 1.0645 / 1.0580 – If the tide turns, this is where we might land.
This is one of those "stay ready" moments—either we catch a quick rally or the tide pulls us lower. Keep an eye on those short time frames to catch the next set.
What’s your vibe—are we bouncing or heading straight into the deep? Drop your thoughts, follow, and share if this chart got you set for the next move.
Mindbloome Trader
Eurusd confirm buy trendline read the caption EUR/USD skates on thin ice near the eight-week low of 1.0950 in Wednesday’s European session. The major currency pair stays under pressure as the US Dollar (USD) gathers strength to extend its previous week’s rally further, with the US Dollar Index (DXY) hovering near a seven-week high around 102.60.
The appeal of the US Dollar has strengthened as traders have priced out expectations for the Federal Reserve
Btc fall badly high volatility read the caption After finding a bottom at $60,700, BTC's performance has left traders somewhat in limbo as they eye $53,000 and $66,000 as two main options for the near future, and as we may see, the bulls are leading the charge as they have managed to take the tug to their side by over 3% so far.
Is another attempt at a new all-time high in play? Based on the recent price action, yes is the more likely answer. However, it is still a long way to go as bulls would first have to defend the weekly close above $60,700, get to $66,001 per BTC and then perhaps hold there for another week
GBPJPY BUY Trade Activated Sept 26 A simple trade using the knowledge of market structure and checking the story from higher TF to lower TF.
As you can see, it is moving in the upward direction. I was waiting for buy trade using my old time buddy lists :) ---> POI ---> IMB, OB, Supply and Demand with validity or proof using BOS --> CHOCH or liquidity grab in the direction of the trend.
This trade was activated by a buy limit order at around N.Y session. Aiming for 4:1 RR :)
#smartmoney
#patience
#characterandiscipline
XAUUSD BUY opportunity again all time high big bullish soon Gold support area 2500_2495 next support area 2490_2485
Target 2520_2530 ones more gold strong bullish high
the negative tone in the American session but still trading in the red on a daily basis The US Dollar gained some footing after reaching oversold conditions against most major
New week starting gold down and next gold 2490 strong bullish XAUUSD support 2490 and target 2550
Strong bullish opportunity very to much higher
several making new recovery highs late in the week As reported in three special stock market update reports this past weeks the strong 2 week rally following the
Btcusd fall big fall soon let's see soon I have to down btcusd Btcusd of Bitcoin will come to down let's see Tha Bitcoin where is going on indicate positive trends. A smaller period of consolidation forms the handle after the price first declines and then gradually recovers to form a cup shape. The price usually experiences a significant upward movement after breaking out above the resistance level at the top of the handle
Gold buy opportunity very very easy flying big bullish all time Gold has broken above the upper resistance of the dotted blue trend lines as discussed earlier this week Prices are now pushing higher with the target of this move remaining upward This is due to the ascending broadening wedge pattern which indicates significant volatility and supports gold prices above the blue dotted trend line
Top-Down Analysis of AUDUSDTop-Down Analysis of AUDUSD
Understanding the Chart:
The provided chart displays the AUDUSD pair on a 4-hour timeframe. We can observe price action, support and resistance levels, and potential trend directions.
Overall Trend:
* Short-term: The market appears to be in a downtrend based on recent price action.
* Long-term: A broader perspective (not visible on this chart) is needed to determine the long-term trend.
Key Levels:
* Resistance: The price has been facing resistance around the 0.67000 level.
* Support: The 0.65500 level appears to be a potential support area.
Entry Strategies
Using Fibonacci Retracements (Below Discount)
* Identify a recent swing high and swing low: Determine the highest and lowest points of the recent price movement.
* Draw Fibonacci retracement levels: Create Fibonacci retracement levels between the swing high and low.
* Look for potential entry points: Consider buying near the 38.2% or 50% retracement levels if the price shows signs of bullish reversal.
Caution: Using Fibonacci retracements alone can be risky. It's essential to combine them with other technical indicators for confirmation.
Break of Structure and Retest
* Identify a clear structure: Determine the recent price action's higher highs and higher lows (uptrend) or lower highs and lower lows (downtrend).
* Wait for a break of structure: Observe if the price breaks above a resistance level (uptrend) or below a support level (downtrend).
* Look for a retest: After the break, wait for a pullback to the broken level (now acting as support or resistance) for a potential entry.
Example: If the price breaks below the 0.65500 support level and then retraces back to this level, it could be a potential entry point for a short position.
Additional Considerations
* Risk Management: Always use stop-loss orders to limit potential losses.
* Timeframes: Analyze multiple timeframes to confirm trends and potential entry points.
* Other Indicators: Consider using additional indicators like RSI, MACD, or Bollinger Bands to support your analysis.
Remember: Trading involves risks. It's crucial to develop your trading strategy and manage your risk effectively.
Would you like to delve deeper into any specific aspect of this analysis or explore other potential entry points based on different indicators?