Here's What You Need to Know About Moving Averages One of the signs of the beginning of a bullish trend is the golden cross — a crossover between two moving averages. The shorter-period moving average (closer to the price) crosses above the longer-period moving average (farther from the price). When this happens, it could be a signal to consider buying or opening a long position, especially if supported by candlestick confirmation. The target is usually set higher than the previous high. Case Study: BINANCE:STEEMUSDT The price began trading above the EMA 20 (white line) and EMA 50 (pink line), then the EMA 20 crossed above the EMA 50 — forming a golden cross. But instead of entering immediately, you should wait for a price retracement back to the EMAs, allowing them to act as support (also known as dynamic support, since EMAs move with price). In this case, a bullish engulfing candlestick pattern appeared right at the EMAs. The confirmation level is at 0.1303, which means the price needs to close above this level to validate the bounce from the EMAs. The invalidation level is below the bullish engulfing candle — at 0.1270. Target prices: Target I: 0.1570 – 0.1632 Target II: 0.1802 – 0.1887 You might be wondering: How do I choose which target to aim for? Let me explain — the main target is 0.1802 – 0.1887 because it’s above the previous high (in a bullish trend, price tends to form higher highs). Then why include 0.1570 – 0.1632? Even though we aim for the higher target, we still need to be cautious of potential resistance in that zone. Once the price hits that level, observe how it reacts. If there’s a significant rejection or price drop, consider reducing your position to secure profits. But if the price keeps pushing up with strong momentum, let the profits run. So in this case, 0.1570 – 0.1632 acts more like a level of awareness rather than a fixed take-profit target. Let me know what you think about this post! Would love to hear your thoughts and how I can support your trading journey with more technical insights or educational content like this. ?
This week, the British pound performed steadily in the foreign exchange market. The GBP/USD rose moderately, starting at 1.29800 on Monday and closing at 1.30540 on Friday, up 0.67% for the week and about 0.9% in total. The slump of the US dollar index gave the GBP/USD room to rise. With the weakening of the US dollar globally and shaken investor confidence in dollar assets, the market's expectations for the UK economy remained relatively stable. Despite rising global market volatility due to tariff talks, the pound, a non - safe - haven currency, wasn't significantly impacted, showing stable market confidence. The pound's rise this week was mainly due to the weak dollar. In the short term, GBP/USD is expected to fluctuate between 1.30000 and 1.31000, with low volatility and stable trading expectations. If the US dollar continues to decline in the future, the GBP/USD may further test the resistance level of 1.31500. Once this key resistance level is broken through, the GBP/USD is expected to start a new round of upward movement. The supporting factors behind this will mainly come from the continuous decline in the market's confidence in the US dollar and the further optimism about the prospects of the UK's economic recovery. However, if the US dollar rebounds in the future, the GBP/USD may also face certain downward adjustment pressure. Nevertheless, given the relative stability of the UK economy, the extent of the downward adjustment is likely to be limited. GBPUSD buy@1.30000-1.30500 tp:1.31000-1.31500 Investment itself doesn't carry risks; it's only when investment is out of control that risks arise. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment. Traders, if this concept fits your style or you have insights, comment! I'm keen to hear.
Me Going Over Bitcoin and How I Trade My Robin Trap Set Up!
A successful agreement between Iran and the US, or continued tensions in the Middle East and bullishness in gold?! Positive candlestick patterns and hidden bullish divergence in gold.
The dollar will continue to weaken against the Euro and other major currencies. The Euro will gain more vs the Dollar than others. See comments on the chart.
Ethereum is now in the C wave of its second wave and will come at least $ 1000 and then begin its move.
Easiest way I know when to switch to Alt Coins for our performance. Thoughts Community?
Definitely not looking to buy at current prices. COT data showing significant decrease in NC positions and they've been getting out of their longs. Weekly RSI divergence as well. Hasn't had a meaningful higher low in weeks.
? EUR/JPY Weekly Chart Analysis – Double Bottom + Head & Shoulders Breakdown ? Overview The EUR/JPY pair is exhibiting signs of a major trend reversal after a long-standing bullish rally. The chart shows a confluence of powerful reversal signals, including: A Rising Channel Breakout A Head and Shoulders pattern A Double Bottom formation within the right shoulder Clear support and resistance zones Defined SL (Stop Loss) and TP (Take Profit) levels based on structure This setup indicates a strong medium-to-long-term bearish opportunity with favorable risk-reward potential. ? Technical Chart Pattern Breakdown ? 1. Rising Channel (2023 – Mid 2024) From early 2023 to mid-2024, EUR/JPY was in a clear upward trend, marked by higher highs and higher lows within a rising parallel channel. This channel provided structured bullish moves until the price broke below the lower trendline, signaling early signs of bullish exhaustion. This breakout occurred just after the formation of the Head, which marked a significant top. ? 2. Head and Shoulders Formation This is a classic trend-reversal pattern, and it's unfolding with precision on the weekly timeframe: Left Shoulder (Q3 2023): Formed near the upper channel line with a high around the 162.00 region. Head (Q2 2024): Price reached a new peak at ~176.00 before sharply rejecting and reversing, creating the highest point in this formation. Right Shoulder (Q4 2024 – Q1 2025): A lower high formed as the market attempted another rally but failed to break above the head or channel, showing weak bullish momentum. ? Confirmation Trigger: The neckline (around 156.00–157.00 zone) acts as the key trigger level. Price has broken below this zone and now shows signs of a retest — a classic sell signal in H&S structure. ? 3. Double Bottom Formation This pattern formed between Bottom 1 (Q3 2024) and Bottom 2 (Q1 2025). Although double bottoms are typically bullish reversal signals, this one formed inside the right shoulder of the H&S pattern — acting more like a temporary support retest than a genuine reversal. The lack of follow-through beyond the neckline further invalidates its bullish strength, turning it into a potential bull trap. ? Key Price Zones Zone Label Meaning 174.052 SL (Stop Loss) Above right shoulder; invalidates bearish bias if broken 163.014 Current Market Price Trading sideways, post-neckline retest 148.075 Intermediate Support Potential short-term bounce zone 147.969 TP (Take Profit) Full projected move from neckline (based on H&S measurement) ⚙️ Trade Setup Strategy This setup is ideal for swing and position traders looking to capture medium- to long-term downside movement. Trade Direction: Short (Sell) Entry Zone: 162.00–163.00 or on break/retest of 158.00 Stop Loss: 174.052 (Above head/right shoulder structure) Target Profit: 147.969 Risk-Reward Ratio: 1:2.5 to 1:3 depending on entry ? Note: Always wait for confirmation candles (e.g., bearish engulfing, pin bar, or bearish continuation) on the weekly or daily timeframe to confirm entry. ? Outlook & Commentary This chart presents a high-probability trend reversal setup. While many traders may still view the double bottom as bullish, the failure to break above the neckline and the formation of a lower high suggest the bears are gaining control. Also, macroeconomic sentiment (such as any risk-off JPY strength or euro weakness) could further support this bearish bias. Technically, this setup aligns with textbook patterns and measured-move logic.
Staying long took some off see what earnings bring warning we can drop and continue lower to 460 Weekly stoch tuning up BUT has not broken the red line bottom up through 30% no VOL