Heute gibt’s für euren Kindle viele Krimis umsonst – aber auch leckere Suppen, viiieeel Liebe, Fantasy und vegane Frühstücksideen.
Overview: The price action of Gold (XAU/USD) on the 2-hour timeframe indicates a potential bearish move. A Head & Shoulders pattern has formed, signaling a possible trend reversal. The market recently tested a resistance level and is now showing signs of weakness. Key Levels: ? Resistance: $3,044 - $3,055 (Rejection Zone) ? Sell Entry: Below $3,028 (Break of Support) ? Support Level: Around $2,980 (First Key Level) ? Target: $2,940 - $2,931 (Final Bearish Target) Analysis: ✅ Price has broken below the neckline of the Head & Shoulders pattern, confirming a potential sell-off. ✅ A retest of the broken support as resistance could offer a better entry for shorts. ✅ If the price holds below $3,028, further downside toward $2,940 is expected. ✅ Bullish invalidation if price breaks back above $3,044. Trade Idea: ? Sell below: $3,028 ? Target: $2,940 ? Stop Loss: Above $3,044 This setup aligns with technical analysis principles, with risk-to-reward favoring sellers. Monitor price action for confirmation before entering a trade. ? What’s your view on Gold? Comment below!
Trade outlook 3/24/25. Looking for dxy longs and eu. nu, audusd shorts.
FX:EURUSD market continues to consolidate below the November 2024 low. Recently, the price made a fake breakout of both the recent support level and last week's low. Following a strong bullish move, the price action is likely to move sideways for an extended period. Currently, the price is testing the previous day's high, and if upcoming news doesn't negatively impact the market, we may see a push to higher levels after multiple fake breakouts of the support levels. I expect the market to continue moving sideways until it breaks above or below last week's range. My goal is resistance zone around 1.08820 Traders, If you liked this educational post?, give it a boost ? and drop a comment ?
Overview of the Chart The EUR/USD 1-hour chart presents a bullish trading setup, featuring a well-defined falling wedge pattern, a trendline breakout, and a retest phase, signaling a potential upward move. The chart is marked with key technical elements such as support and resistance zones, breakout confirmation, and risk management parameters. This analysis will break down each component of the chart, explaining the logic behind the setup and how traders can approach this opportunity. 1. Identified Chart Patterns Falling Wedge Formation (Bullish Reversal Signal) The price action formed a falling wedge, characterized by lower highs and lower lows, creating a narrowing price channel. This pattern is typically a bullish reversal structure, as it indicates weakening selling pressure before an expected breakout. The wedge’s downward movement ended with a strong breakout to the upside, signaling buyers regaining control. 2. Key Technical Levels Support & Resistance Zones Support Level (Buyers’ Stronghold) The horizontal support level is a price area where buyers have previously stepped in, preventing further declines. This level has been tested multiple times, reinforcing its strength as a key demand zone. Resistance Zone (Profit Target Area) The highlighted resistance zone represents a supply area where the price has struggled to move past in previous sessions. The target price level aligns with this resistance, making it a realistic profit target for the long position. 3. Trendline Breakout Confirmation Before forming the wedge, the chart shows an uptrend with a breakout above a trendline. This trendline breakout was an early signal of bullish strength, aligning with the later wedge breakout. After the breakout, the price came back for a retest, which is a key confirmation before further upward movement. 4. Retesting Phase Before the Upward Move After breaking out of the wedge, the price returned to the breakout level to confirm support. Retesting is a crucial validation step—if the price holds above this level, it increases the probability of a continued bullish move. This retesting action provides a potential entry point for traders looking to go long. 5. Trade Setup & Risk Management Strategy Trade Entry: A buy entry is considered after the retest is confirmed (price holding above the breakout level). Stop Loss Placement (Risk Control): The stop loss is placed below the previous low at 1.07790, ensuring protection against fake breakouts or unexpected reversals. Take Profit Target (Projected Price Move): The target price is set at 1.09698, which aligns with previous resistance levels and the measured move from the wedge breakout. This provides a strong risk-to-reward ratio, making the setup favorable for bullish traders. 6. Risk-Reward Ratio & Trade Viability Risk: The distance between the entry point and the stop loss is relatively small, making it a low-risk trade. Reward: The potential upside move is significantly higher than the risk, creating a high reward-to-risk ratio trade. This type of technical confluence increases the probability of a successful trade, making it an attractive opportunity. 7. Conclusion & Trading Strategy ? Key Takeaways: ✅ The falling wedge breakout signals a bullish reversal. ✅ The trendline breakout and retest add further confirmation to the trade setup. ✅ The support and resistance zones provide a clear risk management strategy. ✅ The risk-reward ratio makes this an attractive long trade setup. ? Trading Plan: ? Enter Long after retest confirmation above the breakout level. ? Stop Loss: 1.07790 (below previous low). ? Take Profit: 1.09698 (previous resistance zone). Final Thoughts This EUR/USD setup is a textbook example of a bullish reversal following a falling wedge breakout. Traders who patiently wait for a confirmed retest can capitalize on this high-probability trade setup, aiming for a strong bullish continuation. ? Tags: #EURUSD #ForexTrading #TechnicalAnalysis #Breakout #PriceAction #TradingSetup #SupportResistance
Tesla appears to be correcting the 2022 top in an expanding flat to reach the missing volume at about 80-90. There is a match with the expanding wedge. Soon the wave 1 will end and the retracement in wave 2 is expected to be 50% and reach 350, at which it is time to exit or maybe even short. The PE is over 100 so a correction seems reasonable. Maybe as the correction ends next year, the selfdriving cars and optimus has a breakthrough. Tough competition from BYD
Quick breakdown of my positions week 12. EURNZD CHFJPY CADCHF GBPCAD
Considering this asset on different TFs, I take a closer look at the short position with RR2. For me personally, the use of long stops on this asset is safe. That's why I'm waiting for a limit order.
- Trend is bullish and the trend is your friend - Resistence zone breakout and retested as a current support zone - New support zone validated and no price correction observed *Educational purpose only