cup and handle formed along side trend line retest... Dont want to miss this trade. if the retest failed and conformed fake up for the downside i'll go for short. viseversa for upside
The British pound continues to grind higher against the U.S. dollar, now trading at 1.2982 (+0.46%), but price action remains capped within a tight consolidation box just below the psychological 1.30 handle. ? Price is holding above the 200-day (1.2809) and 50-day (1.2704) SMAs, maintaining a bullish structure. ? RSI is at 62.90, comfortably in bullish territory but not overbought. ? MACD is flat but still positive, suggesting momentum is stalling but not yet reversing. The range between 1.2875 and 1.30 has held for over two weeks. A confirmed breakout above 1.30 could set the stage for a rally toward the 0.786 retracement at 1.3148, while a downside break might trigger a retracement toward the 200-day SMA or even 1.2700. This range won’t last forever — the bulls and bears are coiling for the next big move. -MW
The euro is attempting to build bullish momentum against the U.S. dollar, but the pair remains capped by key resistance at 1.0940. Today’s bounce to 1.0852 (+0.55%) keeps the pair above both the 200-day (1.0732) and 50-day (1.0603) SMAs, suggesting the broader structure has turned constructive. ? MACD is flat, showing waning upside momentum. ? RSI is trending upward, now at 60.13, approaching overbought territory. ? Price is consolidating in a shallow bullish flag pattern above the 200-day average. A break above 1.0940 would confirm bullish continuation, potentially targeting 1.1050–1.1100. On the flip side, failure to clear resistance could prompt a pullback toward 1.0750 or the 50-day SMA. This consolidation is getting tighter – a breakout looks imminent. -MW
We are less than hour out from the Liberation Day tariff announcements. The U.S. is preparing to roll out reciprocal tariffs on all countries, with rates set at 10%, 15%, and 20%, according to Sky News. Investors hoping for certainty may be disappointed—this could mark the start of a longer phase of trade battles. Mexico, once again, is reading the room. President Sheinbaum has confirmed Mexico won’t respond with tit-for-tat tariffs. They understand that the way to deal with Trump is to treat him with kid gloves. Meanwhile, gold hit another record high, reaching $3,149.04 on Tuesday before pulling back a little. Buyers might have a better setup around the parallel pivot line to position for further upside.
But a retest of those prices will be bullish. It might be a good place to set a buy if you're trading the type. dont sure me if it dumps tho. gl.
i found this on 4 hr chart. I'm new to this s, so let me know what you think
BTC bounced at our first pivot at VAL, followed the rounded bottom pattern although we didn't take any lows. Coming back up at VAH here, with a combination of a few factors driving price up today: - spx correlation - ... into liberation speech expectations - early shorts getting squeezed - some FDUSD fud that drove stables into BTC, depegging the stablecoin and driving BTCFDUSD up to 99k Draw a volume profile on the distribution/saylor range and we just tagged the poc of that range. I'd expect some highs to be taken here, although I'm already positioned in a partial short from the poc. 87.7k would give a second entry on an sfp of the bad highs. Similarly we can look for 88.7k to get swept, thereby cleaning all the bad highs we had left from this range. Keep it simple, if I see price grinding above 89k/VAH I'll just get out and wait for another ltf breakdown. Target 1 is the bad lows at VAL, then 78k, then re-evaluate.
Gold price target 3160-3180 In fact, there is no need to analyze the rise of gold prices too complicatedly. We only need to calculate the oscillation relationship expressed by the flag structure from A-B. So far, the normal retracement of gold prices in this relationship is less than half of the increase of AB. Above 3100 points, there is only one strategy, that is, long The only thing to consider is the cost-effectiveness of the transaction Support line: 3100 3110 3115 3120 Pressure line: 3135 3140 3150 3160 3180 3200 3230 Our strategy today: Long around 3120, stop loss 3110 It's that simple
Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential BTCUSDT surged nearly 4% pre-Trump's announcement, hitting $87.3k, indicating bullish momentum. To prevent a daily bearish reversal, BTC must maintain $85k support. A daily close above $ 88K is crucial for a bullish trend, returning BTC to its previous channel. This level's hold will determine short-term market direction. Support Levels: $85k $83.6k $81.2k Resistance levels: $ 87K $ 89K If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
*The price action is forming an ascending triangle, which is generally a bullish continuation pattern. *The RSI at the bottom shows market momentum and potential overbought/oversold conditions. *Bullish Strategy: Buy after a breakout above 93 , with targets at 111 and 117. *Bearish Scenario: If the price fails to break out and falls below 75 it could invalidate the bullish pattern, leading to further downside.