It is expected that after some correction, a trend change will form and we will see the start of the upward trend. If the support area is broken, the continuation of the downward trend will be likely.
- If we can't break through the monthly highs, we'll fall. It will be a great short with a clear target. - breakout of the slope on the third touch on the 4h 1h bottom if you like the idea, please "Like" it. This is the best "Thanks!" for the author ? P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
After breaking above the falling trendline from the end of January, GBP/USD has entered a consolidation phase between 1.23 and 1.25. Recently, the pair tested the support zone once more and began to rebound. In my opinion, the upward movement will continue, and we could see a test of the next resistance above 1.26. In conclusion, I am looking to buy dips below 1.24, with invalidation occurring on a daily close below 1.23. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
https://www.tradingview.com/x/RgRgtKZL/ Trade Summary: Pair: SOL/USDT Trade Type: Short Leverage: 30x Entry Price: 195.688 Exit Price: 194.510 Profit: +18.06% The Setup ? This trade was based on a confluence of technical indicators and market structure analysis. Looking at the 15-minute chart, several factors aligned perfectly, creating a high-probability setup. My goal was to capitalise on a short-term retracement before a potential upward move. Why I Took This Trade Market Structure & Key Levels The LOD (Low of the Day) was breached earlier, giving a strong signal that price would likely retrace to test lower support levels before making a move upward. The 50% H/LOD level acted as a magnet, suggesting a bounce from these zones. Session Timing The trade was taken near the transition between the Asian and UK sessions, a period known for higher volatility and increased movement. The timing aligned with the London session’s breakout patterns, where price often sweeps lows before retracing. EMA Strategy The alignment of multiple EMAs indicated a bearish trend continuation in the short term. Price rejection at the IHOD (Initial High of the Day) further confirmed the short setup. Order Block Detection The chart showed a bearish order block, providing an additional layer of confirmation. The expectation was that price would fill that block before reversing. Execution ⚡️ Once these criteria aligned, I entered the trade at 195.688 with a tight stop above the recent high. My target was just above the 193.18 support level, ensuring a favourable risk-to-reward ratio. Reflection & Outcome ? The trade played out beautifully, reaching my target with minimal drawdown. The +18.06% profit on 30x leverage is a solid reminder that sticking to a strategy and trusting the setup pays off. Key Takeaways ✍️ Patience is key: Waiting for confirmation from multiple indicators increases the probability of success. Session timing matters: Transitions between sessions often bring strong moves. Focus on high-probability setups and avoid overtrading.
Just waiting for a good entry zone to push it high before it continues selling . I will see how it goes . Happy trading
Nasdaq trading insights: Not signals, but informative zones to aid your decision-making. Please note: These zones are not trading advice. Use them as a starting point for your own analysis.
In trading, having an " edge " is not just about possessing superior knowledge compared to the rest of the market. It is the combination of deep market understanding and the ability to execute trading strategies that capitalize on this knowledge. ? 1. Knowledge – The Core Foundation of an "Edge" To gain a real advantage, you need to delve into market structure and capital flows—the fundamental forces driving price movements at the deepest level. Understanding key elements such as liquidity, institutional behavior, and market psychology will help you identify opportunities that most traders overlook. ? 2. Practical Skills – Turning Knowledge into Action Knowledge alone doesn’t generate profits; the ability to apply it in real trading does. You must develop the ability to build and execute trading strategies that transform insights into financial results. This includes: ✅ Effective trade execution and risk management ✅ Developing a trading system with a long-term edge ✅ Seizing opportunities in different market conditions ? When you combine both—deep knowledge and execution skills—you don’t just have an "edge"; you continuously refine and expand it, leading to sustainable profitability. ? Invest time in understanding market mechanics, tracking liquidity flows, and developing a systematic trading mindset. This is the path to not just surviving, but thriving in the highly competitive financial markets. ?
On the 4-hour chart, GBPUSD stabilized and moved upward after falling back to the previous demand area, and short-term bulls have the upper hand. At present, the upper resistance is around 1.2550. If it breaks through, it will continue to rise. The upward target is the previous supply area of 1.2717-1.2811. When the price reaches around 1.2730, pay attention to the potential bearish bat pattern.
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