Asset: ODOS/USDT Timeframe: 2H Current Price: 0.005070 EMAs: 200 EMA (blue): 0.006703 30 EMA (red): 0.005546 ? Trade Setup (Long Position) Entry Zone: Around 0.004778 Stop Loss: Below support at 0.004229 Target 1 (TP1): 0.006082 Target 2 (TP2): 0.007054 ? Risk-to-Reward & Potential TP1 Gain: ~27.3% TP2 Gain: ~47.36% This is a high R:R trade from a key demand zone after a strong downtrend, suggesting a possible reversal. ? Key Observations Price is bouncing off a demand zone (highlighted in purple). If buyers maintain control and break above the 30 EMA, a move toward the first resistance zone is likely. Watch for: Bullish candlestick patterns at the entry level Break and retest of the 0.0055–0.0060 zone for confirmation ✅ Strategy Summary This setup suggests a reversal long trade from strong support with good upside potential. The targets are layered, allowing partial take-profits or scaling based on momentum.
Analysis for EUR/USD — Key Levels to Watch ? Currently, EUR/USD is trading inside a descending channel on the 1H timeframe, showing signs of consolidation after a recent bullish push. Possible Scenarios: Bullish Outlook: If price manages to break above the descending channel and holds above 1.1000 — it could open the door for a move towards the next resistance levels at 1.1050 and 1.1150. Watch for bullish confirmation near the channel breakout along with Stochastic momentum crossing upwards. Bearish Outlook: If the price fails to break the channel and loses support around 1.0900 — we could see further downside towards the trendline support zone near 1.0850 - 1.0800. A break below 1.0800 would expose lower supports around 1.0750 - 1.0700. Conclusion: Price action is currently in a decision zone — Break above the channel = Bullish continuation towards resistance. Break below the channel = Bearish move towards major support zones. Patience is key — Wait for a confirmed breakout or rejection before taking any position. If you found this analysis valuable, kindly consider boosting and following for more updates. Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
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Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
https://www.tradingview.com/x/50cE9KVg/ HI,Traders ! GOLD broke the support Cluster of the rising and Horizontal support lines And the breakout is confirmed So we will be expecting a Further move down ! Comment and subscribe to help us grow !
MY GBPUSD sell entry at 1.28250 with target points at 1.25700 and 1.23500 suggests you're expecting a bearish movement. Here are a few things to keep in mind while considering this setup: 1. Entry Level (1.28250): Make sure there is confirmation of bearish pressure at this entry point, such as a price rejection or a bearish candlestick pattern (like a shooting star or engulfing candle). Check if this level aligns with resistance or if the price is reacting to key technical levels (e.g., moving averages, Fibonacci retracement). 2. Target Points (1.25700, 1.23500): These target points suggest you're aiming for a significant drop in GBPUSD. Be aware of any major support zones that could slow the decline or cause reversals, especially near 1.25700. The target near 1.23500 might coincide with longer-term support or psychological levels, so it may be worth monitoring for potential price action around that area. 3. Technical Indicators: Consider using RSI, MACD, or Stochastic to confirm a bearish momentum, especially if they are showing overbought conditions or bearish crossovers. 4. Risk Management: A stop loss should be placed just above 1.28250, or at a higher level of resistance, to protect your position in case the market moves against you. This setup appears reasonable for traders expecting a bearish trend for GBPUSD, but always ensure you're closely monitoring price action and news developments, particularly any related to UK or US economic reports.
#EURUSD - UniverseMetta - Analysis W1 (Weekly Timeframe) ? Price has reached the 261 Fibonacci level, marking the completion of the 5th wave. ? This level also aligns with a major structure established back in 2023. ? To confirm potential short opportunities, it's recommended to: • Wait for a confirmed fractal on W1 • Look for reversal patterns on lower timeframes (D1 / H4) D1 (Daily Timeframe) ? Possible development of a 1st wave within an expanding triangle structure. ? All recent movements appear corrective until a valid 2nd wave begins to form. ? Nearest downside targets: • 1.08264 • 1.07184 H4 / H1 (4H / 1H Timeframes) ? Potential start of wave C on H4 ? Triggered by the formation of the 3rd wave + breakout from the descending channel on H1 ? Trade setup details: Entry: 1.09501 Take Profits (TP): 1. 1.08264 2. 1.07184 3. 1.06163 4. 1.04493 Stop Loss: 1.10620 ?Conclusion: EURUSD has hit a major resistance zone (261% Fibo), which may mark the end of the bullish 5-wave structure. A correction or reversal could follow. Lower timeframes offer early opportunities to enter wave C, with confirmation via fractals and breakouts. Use tight stops and respect your risk management.
GOLD is in a descending channel between trend lines. The price is moving from the dynamic support, which has already acted as a rebound point. The chart has already consolidated above the support level and returned to the channel. We expect a rebound after consolidation above the 50% retracement level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
#Bitcoin Momentum + price action = 2016/2017 CRYPTOCAP:BTC
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