Analyzing the 1-hour chart of Euro/USD, a minor upward trend is observed, with price action respecting the established resistance and support lines. A recent reversal from the resistance line has been identified, suggesting a potential downward move. We anticipate a decline towards the 1.04000 level. Traders may consider this as a selling opportunity, with a potential target at 1.04000.
USD/JPY has held firm at the support level and is now returning to a buy zone. Currently, the market is at 156.500, with the next resistance level set at 159.000. I’ve explained the market clearly in my chart analysis for easier understanding. If anyone has questions, feel free to ask in the comments or send me a message in my inbox. Thank you for your support—like, comment, and follow for more updates!
GBEBROKERS:EURUSD SCENARIO 1: * Consolidation within the inside bar pattern. * Breaks lower to sweep fvg liquidity below the inside bar pattern. * Then goes up to next target.
https://www.tradingview.com/x/3RPdUeUS/ ✅BITCOIN is consolidating Above the key horizontal Support of 101.000 while Trading in an uptrend so We are bullish biased and We will be expecting a Further move up LONG? ✅Like and subscribe to never miss a new idea!✅
Morning Folks! I entered into SWFTC yesterday, today it is up 102%. Expect a retracement to .02 then double from there.
Through my weeklyEpisode and multi time frame analysis , you will get deep insights . Xauusd rejected from ATH 2788 (2790) ,however its weekly closing at 2770 without retesting its previous low which should be the 2750-55 support. market in on rising channel since last month, What possible scenario do we have? What im seeing that Market closes on mini support of 2770 ,it has to restest the previous support 2660,although its actually previous low should be 2750 to complete the Price-action. if 2760-63 support area sustained ,our eyeswill be again at 2790.on the otherhand ,2750 where all the hurdles will starts . On the other hand, if 2750 breaks will do completely on bearish sides.
GHNI has successfully completed its Weekly ABCD Pattern around 590 - 595. However, there is No Bearish Divergence Yet on Bigger Time Frames. Monthly Closing above 592 - 595 would be a Positive Sign. However, it should retrace upto 540 - 550 once for a Good Upside Rally again. Breaking 500 may bring further Selling Pressure.
Observations suggest that Gold is trending upward within a parallel channel, with trend lines serving as key resistance and support levels, on the 4-hour time frame. Recently, Gold has experienced a reversal from the resistance line and is expected to test the support line shortly. Upon finding support, we anticipate Gold will propel higher and reach new highs around 28**. In the near term, a sell opportunity may arise up to 2750. Key buying areas to watch are: 1. 2745-2750 2. 2730-2733 These levels may provide a strong foundation for a potential upward move. Support me if you Like my idea.
Trade idea for the week that i will show to my friends for ideas.
Targeting the top quarter order block at ~ $1.7 Building under the bottom quarterly order block, Launchpool looks like it's ready to rocket