TURBO forming inverse head and shoulder pattern, a break above neckline will trigger a positive stance. Expected 84% - 185% bullish wave in upcoming days!
We spotted two strong bearish confirmations on ?EUR/USD chart. This occurred after a brief pullback to a key horizontal resistance level that was recently broken. The price has since dropped below both the neckline of a cup and handle pattern and a support line of a rising wedge pattern. As a result, we can expect further downward movement towards a new lower low.
After the announcement of Trump’s proposed tariffs on Canada, USD/CAD surged by 200 pips within hours. Following this sharp increase, the pair experienced a correction, which drew additional buyers, reinforcing the clear and strong upward momentum. Currently, a Multiple Top pattern is forming near 1.4180, a pattern historically associated with breakout opportunities. However, short-term pullbacks remain likely, particularly given the ongoing market volatility. Traders looking to align with the broader uptrend in USD/CAD may consider waiting for such a pullback to secure a more favorable risk-reward ratio. Immediate support around 1.4130 stands out as a potential entry point, especially since it coincides with the 23% Fibonacci retracement.
BTCUSDT Short setup rr4.5 98400SL Target 94150 rr4.5
Silver has been on a bullish trend bouncing off the ascending trendline, With a break in structure creating a W pattern on the ascending trendline it confirmed the bullish bias. Patiently waited for the retest of the breakout area. A good setup for a buy after all the entry confirmations are met.
EURCAD. If this goes as drawn (shoots up . . . nearly in a straight line), then fade is the trade. Watch and see if it does shoot up in the next hours. Boom Boom. Fade a topper. GG.
Poly Medicure Ltd Breakout Symmetrical Triangle Pattern Buy - Above 3030 Stop Loss - 2550 Target - 3360 and 3770
On the 4-hour chart, XAUUSD is currently stabilizing and rebounding. In the short term, we can pay attention to the resistance near 2710. If the rebound is blocked at this position, we can pay attention to the potential bearish bat pattern, and the downward target is around 2650. If the price breaks through the resistance near 2721, it will rise further.
Here's a summary of your updated XAU/USD trade plan: Trade Plan - *Entry Point*: 2695 (current) - *Target*: 2716 - *Stop-Loss*: 2683 Market Analysis The XAU/USD is experiencing a strong bullish trend, driven by a weakening US dollar, increasing inflation concerns, and geopolitical tensions. Technical Analysis - *RSI Indicator*: The Relative Strength Index (RSI) is above 60, indicating a strong bullish momentum. - *Moving Averages*: The 50-day and 100-day moving averages are trending upwards, supporting the bullish view. - *Support Levels*: The support levels at 2683 and 2675 could provide a buying opportunity in case of a pullback. Risk Management - *Risk-Reward Ratio*: Your risk-reward ratio is approximately 1:3.3, which is relatively aggressive. - *Position Sizing*: Make sure to adjust your position size according to your risk tolerance and account size. Stay disciplined and stick to your trade plan. Good luck!
Key Indicators and Tools for My Chart: Signals: Bullish: 50-day EMA crosses above the 200-day MA (Golden Cross). Bullish: 9-day EMA crosses above the 200-day MA (Death Cross). Bullish: 21 day EMA crosses above 200-day . Relative Strength Index (RSI) (Momentum) Purpose: Identify overbought or oversold conditions. Settings: Default (14 periods). Signals: Bullish: RSI rises above 50 and heads toward 70. Overbought (potential reversal): RSI > 70. Oversold (potential reversal): RSI < 30. Settings: Fast EMA = 12 Slow EMA = 26 Signal Line = 9 Signals: Bullish: MACD line crosses above the signal line. Bearish: MACD line crosses below the signal line. Confirm strength with the histogram (increasing bars = stronger momentum). Fibonacci Retracement Levels (Key Support/Resistance) Purpose: Identify key retracement levels where price may reverse or continue. How to Use: Draw from the most recent swing low to swing high (in an uptrend) or swing high to swing low (in a downtrend). Key Levels: 38.2%, 50%, and 61.8%. Signals: Bullish: Price finds support near a Fibonacci level and reverses higher. Bearish: Price faces resistance at a Fibonacci level and reverses lower. Volume (Trend Confirmation) Purpose: Confirm the strength of price movements. Signals: Bullish: Increasing volume on up days (price increases). Bearish: Increasing volume on down days (price decreases). Reversal: Price movements with declining volume often indicate weakening momentum.