The chart for *EUR/AUD on the 1D timeframe* utilizes various *technical analysis tools and patterns* to forecast price movement. Below are the key elements present in the analysis: ### *Patterns and Tools Used:* 1. *Change of Character (CHOCH):* - Marked at different points, indicating a potential shift in market structure. - CHOCH often signifies a transition from a ranging or trending market to a new direction. 2. *Break of Structure (BOS):* - This confirms a bullish market structure after the price breaks previous resistance levels. - The BOS marks key turning points in the trend. 3. *Order Block (OB):* - The blue zone represents a *bullish order block*, where price may react and continue higher. - OBs are areas of strong buying/selling interest, typically used for entry points. 4. *BTL (Bearish Trend Line):* - A diagonal pink trendline is drawn, showing the short-term bearish correction before an expected bullish continuation. 5. *Fair Value Gap (FVG):* - Marked in blue, this area represents an imbalance in the market, which price may revisit to fill before continuing in the expected direction. 6. *Liquidity and Support Zone (QD & Support Zone):* - The purple area represents a *liquidity pool* where price has historically reacted, acting as strong demand. 7. *Measured Percentage Moves (35%):* - Two separate *35% projected moves* suggest a repeated bullish rally, indicating historical movement patterns. 8. *Projection of Future Price Movement:* - A *zigzag price path* is drawn, predicting a retracement to the OB before a continuation to new highs. ### *Overall Analysis:* - The chart suggests a *bullish continuation* after a potential retracement to the *order block (OB)*. - The *CHOCH and BOS confirm trend shifts, while the **FVG and OB act as key reaction zones*. - A *35% move is projected*, indicating a pattern repetition. - The *BTL trendline suggests short-term bearish correction* before a long-term bullish rally. Would you like help interpreting specific elements or trade setups based on this analysis?
Gold (XAUUSD) has officially broken above its All-Time High (ATH), signaling strong bullish momentum on the 1-hour timeframe. The breakout suggests a continuation of the uptrend with potential to reach the next psychological resistance level near 3030. Trade Plan: Entry: Confirmed breakout above 2,994 Stop Loss: Below 2,970 (near recent consolidation) Target: 3,030 (psychological level and measured move projection) Gold is displaying strong breakout structure above historical resistance. With favorable fundamentals and bullish technical indicators, price may continue its rally toward 3030. Monitor for volume confirmation and trailing stop-loss management as price climbs. Must Support Me Share My Idea With Your Firends Mention Your Feed back Comment Sectio n Stay disciplined – Let the trend be your friend!
Pattern Identified: On the chart provided (originally a 5-minute chart), a descending triangle is observed between points (A), (B), (C), (D), and (E). If we group the movements on a 15-minute timeframe, the pattern would still be relevant, but with less noise and more consolidated candles. Point A: Initial high around 5567.3, marking the start of the downtrend. Point B: Initial support of the triangle, near 5520.1. Point C: Descending resistance of the triangle, showing a price compression. Point D: Lower support of the triangle, also near 5520.1. Point E: A bearish breakout below D is confirmed, with the price falling toward 5500. Analysis: On a 15-minute timeframe, the descending triangle would indicate consolidation after an initial downtrend. A breakout below D (5520) confirms the bearish continuation. Volume (not visible on the chart, but a factor to consider) likely increased during the breakout, validating the move. The price appears to be heading toward more significant support around 5500, which has already been tested. Projection: Bearish Target: If the price continues to decline, the next key level could be between 5480 and 5470, depending on historical support or the projected height of the triangle. Bullish Reversal: If the price rebounds from 5500 and breaks above the triangle resistance (around 5540), we could see a further move toward 5567. Strategy: Short: Entry after the breakout at D (5520), with a stop loss adjusted above the triangle resistance (5540) and an initial profit-taking at 5480. Buy (Alternate Scenario): If the price rebounds from 5500 and breaks higher, enter above 5540, with a stop loss below 5520 and a profit-taking at 5567. Risk Management: Take a 1-2% risk per trade and monitor macroeconomic events that may affect the S&P 500. Note: This analysis is for informational purposes only and is based on a simulated 15-minute timeframe. Be sure to confirm this with a real 15-minute chart and apply appropriate risk management.
XAU/USD Technical Analysis | Gold Breaks $3,000 Gold hit our target at $3,000 and is now consolidating between $3,000 and $2,989, awaiting a breakout. Trump's tariff threats on EU imports have fueled safe-haven demand, pushing gold to $3,005, its highest level in history. However, uncertainty remains as traders watch for potential restrictions on gold. A retest of $2,989 - $2,981 is possible before the next move. Bullish scenario: A 4H candle close above $3,000 confirms further upside toward $3,021 and $3,033. Bearish scenario: A 4H candle close below $2,981 would trigger a decline toward $2,955. Key Levels to Watch: Pivot Line: $3,000 Resistance: $3,021 | $3,033 Support: $2,989 | $2,981 | $2,975 Gold remains in focus amid global trade tensions. Watch for key level reactions.
1. Overall Trend: The chart is on a 1-month timeframe, which means each candlestick represents one month of price action. BTC has shown a strong uptrend, with a series of bullish monthly candles since mid-2023. There is some recent consolidation, indicating potential profit-taking or a short-term correction before the next move. 2. Key Annotations on the Chart: "BOTTOM LINE" (Red Line) This likely represents a support level, a key price level where buyers may step in if the price pulls back. If BTC remains above this level, the uptrend is intact. "UP TO TREND" (Green Line) This suggests an expected continuation of the trend if BTC follows the current pattern. It may act as a resistance level or a target for the next price move. "THANK EXPECTED" (Blue Text) This is unclear, but it might indicate a confirmation or expectation of a price move based on trend analysis. 3. Technical Outlook: Bullish Scenario: If BTC holds above the support zone ("Bottom Line"), it could continue towards the next resistance level. A breakout above the current consolidation may trigger a new all-time high. Bearish Scenario: If BTC breaks below the support level, a deeper correction could occur. Potential retracement levels could be previous resistance zones or Fibonacci retracement levels. 4. Potential Trade Setup: Entry: Look for a bullish confirmation candle above the support zone. Stop-loss: Below the bottom trendline to manage risk. Take-profit: Near the green "UP TO TREND" zone or next resistance level.
Updated Fibonacci sequence to the bar on xrp. Prior post States at all however my bylines were incorrect I took the Fibonacci sequence on the blue bar to get the lines to put my buy-ins on they were incorrect on the prior chart I want to update that for you now
CB has reversed its short-term downtrend and is now looking to stay bullish. It has a couple of touches at the top channel along with some nice rejection of support even with heavy bar influence. I see CB as a great long prospect.
The gold market opened at 2988 on Friday, briefly surged to 2994 at noon, and then fell back to 2981. During the European trading session, the price of gold once again set a new record high, hitting a high of $3004 and then quickly fell back. It is currently fluctuating around 2998, waiting for guidance from the US market. The current upper resistance of gold is in the 3007-3012 range. If it successfully stands firm, it is expected to challenge the 3020 level. However, the battle to defend 3000 points has already begun, and it is expected that the gold price will be adjusted back in the evening. The lower support is stable in the 2982-2978 area. Once it breaks, it may test around 2960. On the whole, the evening operation recommendation is mainly to rebound and short. Evening operation strategy 1: It is recommended to go short at 2998-3004 on the rebound, with a stop loss of 3013, and the target is 2985-2975, and the target is 2960 after breaking through. Evening operation strategy 2: It is recommended to go long at 2960-2955 on the pullback, with a stop loss of 2048, and the target is 2985-3000, and the target is 3002 after breaking through.
Microsoft (MSFT) has been trading within a Channel Down since the July 05 2024 High. The stock is on its latest Bearish Leg in the past 3 months and almost completed a -17.62% decline, similar with the Bearish Leg that led to the August 05 2024 Low. As the 1D RSI has Double Bottomed, which is what it did on the April 30 2024 Low that kick started a rally of +20.63%, we expect the stock to initiate its new Bullish Leg of the Channel. The previous one was +18.16%, so we expect a similar range and target $440. ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?
I identified a break in the uptrend structure on the 1-minute timeframe at the 0.6321 level, indicating a possible shift in market direction. Upon confirmation, I entered a sell position at this level, anticipating a further decline. My target profit is set at 0.6169, aligning with a key support level. To manage risk, I placed a stop-loss above the recent swing high to limit potential losses if the price moves against my position. This trade is based on a structural shift in market momentum, aiming to capitalize on a bearish move following the breakdown of the uptrend.