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BTCUSD Technical Analysis – Bearish Momentum Towards Fair Value BTCUSD Technical Analysis – Bearish Momentum Towards Fair Value Gap Bitcoin is showing clear bearish pressure after rejecting from the previous resistance zone around 118,800 – 120,000. The market structure and smart money concepts indicate potential for further downside. 🔍 Key Observations: Previous Resistance Respected: Price failed to break through the strong resistance zone marked near the 119,200–120,000 level, showing strong institutional selling interest. Market Structure Breaks: BOS (Break of Structure) and CHoCH (Change of Character) confirmed bearish shift. Price has maintained lower highs and lower lows, signaling a bearish trend. Liquidity/Fair Value Gap Zone: The market is currently targeting the liquidity/FVG zone between 116,400 – 116,100, which aligns with price inefficiency and unfilled orders. Support Zone Ahead: A strong support zone is visible near 115,600 – 115,200. Expect a potential reaction or consolidation here. 📌 Strategy & Bias: Short Bias Active until price reaches 116,116 (target). Watch for possible bullish reversal signs in the support/FVG zone. Ideal for scalp-to-swing short trades, with tight SL above recent EQH. 📚 Educational Notes: Fair Value Gaps (FVG) indicate institutional imbalances and are often revisited by price. CHoCH and BOS are early signals of smart money moves – always monitor them in confluence with volume and zones.
BITSTAMP:BTCUSDShort
by Mentor_Michael03
1
Trend Exhaustion Detected – Bearish Structure AheadUS100 (NASDAQ) 30-minute chart as of July 26, 2025, with technical insights based on the visible elements. 🔍 1. Trend Analysis Primary Trend: Uptrend (bullish structure) The price has been respecting a rising parallel channel, marked by: Ascending support (lower boundary) Ascending resistance (upper boundary) Market structure shows: Higher Highs (HH) Higher Lows (HL) ✅ This indicates continuation of bullish momentum until structure breaks. 📐 2. Market Structure Elements Structure Type Label on Chart Price Zone (approx.) Break of Structure (BOS) BOS (center-left) ~22,950 Higher Low (HL) HL (2x) ~22,700 (1st), ~23,050 (2nd) Higher High (HH) HH (2x) ~23,150 and ~23,300 Resistance Labelled ~23,300–23,320 Demand Zones Labelled ~22,450–22,700 🔁 Break of Structure (BOS) The BOS occurred after a prior swing low was broken, followed by a new higher high, confirming a bullish shift. 🧱 3. Support / Resistance Analysis 🔼 Resistance Zone The price is testing strong resistance around 23,300–23,320 Multiple rejections in this area Trendline resistance also aligns here A rejection arrow is drawn, indicating potential bearish reaction 🔽 Support Zone (Immediate) 23,180–23,220: highlighted green box is a local support block If broken, likely to revisit 23,000–23,050, or even down to 22,900 range 🟩 4. Demand Zones Zone 1: 22,450–22,600: Strong bullish reaction historically — likely to act as a key demand if a deeper pullback occurs Zone 2: 22,850–22,950: Validated with prior accumulation & BOS event 🧠 5. Key Observations Price is at a critical inflection zone: Testing a resistance zone At the upper trendline of an ascending channel A bearish reaction is projected (black arrow) Possibly targeting the green support zone around 23,180–23,220 If that fails, demand at ~23,000 will likely be tested Ichimoku Cloud: Currently price is above the cloud → still bullish Cloud is thin → potential weakness or upcoming consolidation ⚠️ 6. Trading Bias & Setup Ideas ✅ Bullish Bias (if price holds above ~23,180) Long entries can be considered on bullish reaction from support Target: retest of 23,300–23,350 or even breakout continuation ❌ Bearish Bias (if breakdown below support) Short entry valid below 23,180 with: TP1: 23,050 TP2: 22,900 A breakdown from the ascending channel would signal trend exhaustion 🔚 Conclusion Current Price: 23,298.4 Trend: Bullish, but at resistance Next move: Watch for reaction at resistance and support box below Bias: Neutral-to-bullish unless the structure breaks below ~23,180
CAPITALCOM:US100Short
by AllyPipsExpert
4
Follow master candle for today's SELL strategy✏️ OANDA:XAUUSD has continued a strong downtrend. Yesterday's D1 candle closed with a 60-price decrease, forming a master candle that determines the market trend. With the market having a master candle, pay attention to the 25% or 50% candle zones to trade in the direction of the trend. Today's main trading strategy will be to SELL according to the master candle. The BUY strategy will only be implemented when the 3313 zone is broken. 📉 Key Levels Support: 3285-3270-3250 Resistance: 3301-3312-3333 SELL Trigger. Rejection 3301, 3312 Target 3250 Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSDShort
by VHT_Trader
8
Nonfarm Pay Attention Zone✏️ OANDA:XAUUSD is recovering and increasing towards the resistance zone of yesterday's US session. The 3315 zone is considered a strategic zone for Nonfarm today. A sweep up and then collapse to the liquidity zone of 3250 will be scenario 1 for Nonfarm today. If this important price zone is broken, we will not implement SELL strategies but wait for retests to BUY. It is very possible that when breaking 3315, it will create a DOW wave with the continuation of wave 3 when breaking the peak of wave 1. 📉 Key Levels SELL trigger: Reject resistance 3315. Target 3250 BUY Trigger: Break out and retest resistance 3315 Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSD
by VHT_Trader
1
GBPUSD – Daily Timeframe Analysis: Head & Shoulders PatternThe GBPUSD daily chart is currently presenting a textbook Head & Shoulders reversal pattern, a powerful bearish signal that often marks the end of an uptrend and the beginning of a new downward cycle. This setup demands attention from swing and positional traders alike, especially considering the size and clarity of the structure. 🔍 Pattern Breakdown Left Shoulder: Formed in late May, establishing a significant high before a corrective move. Head: A higher peak was made in early June, which now stands as the pattern's highest point. Right Shoulder: A lower high formed in mid-July, indicating weakening bullish momentum. Neckline: The crucial horizontal support zone around 1.3330–1.3340 was tested multiple times and has now been decisively broken, triggering a confirmed bearish setup. 📊 Technical Significance This Head & Shoulders pattern becomes especially meaningful due to: Multiple rejections at the neckline, confirming its strength as support-turned-resistance. Bearish volume expansion on the breakdown, adding weight to the selling pressure. Formation on a daily timeframe, suggesting a long-term trend reversal rather than a short-term pullback. 📌 Trading Strategy for Traders ✅ Sell Setup (Short Position) Entry: Around the neckline zone on retest (1.3320–1.3340) Stop Loss: Above the right shoulder (~1.3550) Targets: 🎯 Target 1: 1.3100 (psychological and horizontal support) 🎯 Target 2: 1.2900 (measured move from head to neckline) 🎯 Target 3: 1.2650–1.2600 (extended downside zone based on structure) ⚠️ Risk Management Tips: Don’t chase the breakdown — wait for a pullback/retest of the neckline to get a better risk/reward entry. Ensure position sizing is appropriate based on the stop loss distance. If price reclaims the neckline with strong bullish momentum and closes above 1.3350, exit short and reevaluate. 🧠 What Traders Should Keep in Mind Macro Fundamentals: Watch upcoming economic events like BoE rate decisions, US NFP, and inflation data, which can cause volatility and impact the technical scenario. Dollar Index (DXY) trend should also be monitored closely. If DXY rallies, GBPUSD breakdown can accelerate. Trendline Confirmation: Align this with any break of rising trendlines drawn from previous lows. 📌 Final Thought This pattern marks a crucial turning point in GBPUSD. The momentum has clearly shifted from buyers to sellers, and the breakdown opens up significant downside room. As a swing or position trader, this is a high-probability setup with a clear invalidation point (above the right shoulder) and a favorable risk-reward ratio. 📉 Patience and precision are key here. Let price come to you at the neckline, confirm rejection, and then take the trade with confidence. ================================================================= Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. =================================================================
Short
by TradZoo
8
Is the gold correction over?✏️Yesterday's D1 candle closed above the Breakout 3363 zone. This shows that the buyers in the US session are still strong. There is a possibility of a liquidity sweep in the Tokyo and London sessions, then in the New York session, Gold will recover and increase again. The uptrend is really broken when Gold confirms a close below 3345. In this case, we have to wait for 3320 to confirm the BUY point. The gold uptrend at this time also needs new momentum to be able to move towards ATH 3500. 📉 Key Levels Support: 3345-3320 Resistance: 3373-3418 Buy zone: 3345 (bullish wave structure maintained); BUY DCA break 3373 Buy zone: 3320 (Strong support zone) Target: 3417 Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSDLong
by VHT_Trader
6
Gold breaks price channel, officially starts falling✏️ OANDA:XAUUSD price has officially broken the bullish wave structure and broken the bullish channel. A corrective downtrend has begun to form. If there is a pull back to the trendline today, it is considered a good opportunity for sell signals. The liquidity zone 3250 is the target of this corrective downtrend. The 3283 zone also has to wait for confirmation because when the market falls and the momentum of the decline, the number of FOMO sellers will be very strong. The opposite direction is when closing back above 3375, Gold will return to the uptrend. 📉 Key Levels SELL zone 3343-3345 Target: 3250 BUY trigger: Rejection candle 3285 Buy zone: 3251 Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSDShort
by VHT_Trader
Gold 31 July – Bearish Bias Holds, Watching Supply ZonesGold (XAUUSD) Analysis – 31 July Market structure is now aligned across both higher and lower timeframes: H4: Bearish M15: Bearish This alignment strengthens the probability of trend-continuation setups in favor of the dominant downtrend. 🔄 Current Market Behavior: The M15 chart is currently in a pullback phase, retracing toward its previous lower high and approaching a key supply zone. 📍 Key Supply Zones to Watch: Zone 1 – Immediate Supply Zone (3299 – 3305) • First area of interest where price may react. • If respected and followed by M1 confirmation, a short setup could be initiated. • Watch for signs of exhaustion or sharp rejection. Zone 2 – Higher Supply Zone (3326 – 3332) • If the first zone fails, this becomes the next high-probability area. • Well-aligned with the broader bearish structure — expect stronger reaction potential. • Suitable for cleaner high RR short trades if price reaches this level. ✅ Execution Plan: • Observe how price behaves inside the marked zones. • Only plan short entries after M1 confirmation — this adds precision and prevents premature entries. • Stay patient. Let the market come to you and reveal intent before acting. 📌 Summary: Bias: Bearish Structure: H4 and M15 both support downside bias Zones in Focus: – Primary: 3299–3305 – Secondary: 3326–3332 Execution: Wait for confirmation before entering. Risk-Reward: Maintain 1:3 RR minimum (e.g., 40 pip SL, 120 pip TP). Let the structure guide your setups — not impulse. 📘 Shared by ChartIsMirror
OANDA:XAUUSDShort
by ChartIsMirror
Gold Weekly Outlook (XAUUSD) -28th JulyGold Enters a High-Stakes Week This week sets the stage for major moves in gold. The charts are signalling liquidity grabs, premium compression, and volatility driven by upcoming macro catalysts. Key events ahead: Tuesday: ADP Employment Data Wednesday: The Fed Gold is currently consolidating beneath a critical supply zone, suggesting potential for a breakout or rejection. We'll align macro drivers with Smart Money Concepts, ICT methodology, Fibonacci levels, EMAs, RSI, and Fair Value Gaps to craft a precise trading framework. Technically, price action reflects a corrective phase within a broader uptrend. Confluence support from the ascending trendline and a key horizontal level is in play. As long as price remains above 3342, a bounce toward 3400 remains the preferred scenario. The broader bullish structure and underlying momentum suggest that once this retracement completes, the uptrend may resume with strength. 🟡 – Summary 🔹 Macro & HTF View: Bias: Bullish but weakening under premium supply Key Events: ADP (Tue), FOMC (Wed) → potential for liquidity grabs Indicators: RSI divergence (75 → 66) EMAs flattening Unfilled FVGs above (3365–3405) and below (3280–3320) Key Fib targets: 3405 (127%) and 3439 (161.8%) 🔸 Weekly Key Zones Supply (Short Trap): 3350–3439 → heavy confluence, short bias unless W1 closes above 3439 Primary Demand: 3220–3285 → ideal for news-driven long Deep Discount (Long Only if Panic): 2960–3050 🎯 Strategy Summary Short Setup: Target 3350–3439 → wait for rejection after news Long Setup: Target 3220–3285 or deeper Look for wick rejections + bullish structure reclaim Avoid: 3285–3350 → indecision zone 🧭 Daily Zones Sell Zone: 3345–3415 → trap area with FVG + Fib + EMA confluence Buy Zones: 3290–3320 (primary) 3240–3270 (deeper) 3000–3140 (only if USD spikes) ⏱ H4 + Intraday Bias Bias: Bearish below 3350 Short Zones: 3365–3405 (rejection only) 3355 (flip zone) Buy Zones: 3290–3310 (reclaim setup) 3250–3280 (panic flush) 📌 Key Intraday Levels Resistance: 3405, 3385, 3375–3350, 3350–3340 Support: 3314–3302, 3289–3272, 3260, 3240 ⚠️ Final Execution Notes Stay out of 3340–3326 zone – it’s chop Wait for confirmation candles (engulfing, pin bars, OB reactions) Discipline over prediction. Sniper mode only. Disclaimer: For educational context only.
FOREXCOM:XAUUSDLong
by FX_Scrubbs
GOLD (XAUUSD) Analysis : Major Break + Bullish Setup + Target🟩 Today’s GOLD Analysis based on Volume Behavior, Smart Money Traps & Market Structure (MMC) 🔍 Chart Breakdown and MMC Concepts Explained: 1. Preceding Downtrend – Smart Money Trap Initiated The chart begins with an extended downtrend, marking significant bearish pressure. However, deeper into the move, we notice price entering a Volume Absorption (VA) Zone — a key MMC signal where institutional orders quietly absorb aggressive retail selling. This Volume Absorption Zone is highlighted on the left of the chart. Smart money quietly positions longs here while inducing panic-selling from retail traders. Wicks and indecision candles show early signs of sell exhaustion. 2. QFL Breakdown & Liquidity Sweep The breakdown from the QFL (Quick Flip Level) is another hallmark of MMC behavior. The market intentionally breaks previous lows to trigger stop-loss clusters — known as a liquidity sweep or stop-hunt. Price aggressively drops to a well-marked demand zone. Massive bullish reaction from this zone confirms that smart money has completed accumulation. The QFL move is not a true breakout, but a trap, designed to mislead retail into chasing shorts. 3. Demand Zone Reaction – Shift in Momentum Price finds support at the demand zone (highlighted in green) and starts forming higher lows. This transition from lower lows to higher lows is a structural confirmation of market reversal. Buyers have regained control. Large bullish candles and wick rejections at key levels signal institutional entry. 4. SR Interchange Zone – Key MMC Confirmation One of the most important zones on this chart is the SR Interchange area. This level was previously resistance and is now acting as support — a concept known as support-resistance flip. MMC teaches us that this is where smart money re-tests the breakout zone to trap late sellers and confirm the trend. This zone is reinforced by: Previous rejections Retest with wicks Alignment with ascending trendline support 5. Minor & Major Resistance Levels Currently, price is attempting to break above a minor resistance at ~$3,330–3,332. If it breaks, the next major target lies at the ~$3,340–3,345 level, marked on the chart. This zone is crucial for short-term targets and may act as a profit-taking zone for early bulls. Once this major resistance is cleared, the trendline projection suggests a continuation toward higher highs. 📐 Trendline Analysis An ascending trendline is supporting price action. Each bounce off this line has led to higher lows — a clear sign of bullish intent. Trendline + SR Interchange = Confluence zone Traders should watch for bullish engulfing candles or strong wick rejections at this trendline area for re-entry or add-ons. 🧠 MMC Strategy Interpretation (Mirror Market Concepts) This chart perfectly follows the MMC logic: Trap retail sellers during the downtrend. Absorb their volume at a key zone (Volume Absorp). Sweep liquidity below QFL level. Reverse structure with a shift to higher highs and higher lows. Interchange SR zone to test buyers' strength. Continue trend post-confirmation with breakout above resistance. This is the classic "trap-to-trend" sequence smart money uses repeatedly in gold and other volatile markets. ✅ Trade Setup Summary: Bias: Strongly Bullish (based on market structure shift) Entry #1: Pullback into SR Interchange (ideal if price rejects 3,326–3,328) Entry #2: Break and retest of Minor Resistance (3,332–3,334) Targets: TP1: 3,340 (Major Resistance) TP2: 3,345–3,350 (Projection based on breakout path) Invalidation: Clean break below trendline and demand zone (~3,318) 🧭 Final Words for Traders: Gold is currently positioned at a critical junction where structure, volume, and institutional behavior all align. If you're following MMC strategies, this is a textbook scenario: Trap ✅ Absorption ✅ Structure Shift ✅ Trendline Support ✅ SR Interchange ✅ Now, we wait for confirmation and execute with discipline.
FX:XAUUSDLong
by GoldMasterTrades
USDCHF Technical Analysis – Potential Rejection from Resistance USDCHF Technical Analysis – Potential Rejection from Resistance 🔍 Chart Overview: Current Price: 0.80456 Resistance Zone: 0.80760 – 0.81009 Support Zone: 0.79000 – 0.79236 Price Action: The pair has rallied into a strong resistance zone but is showing signs of exhaustion. 📌 Key Observations: Volume Profile Insight: Price has entered a low-volume area near resistance, indicating potential weakness in demand above 0.80800. Resistance Rejection: Price tested the 0.80760–0.81009 resistance range and failed to break through decisively. A potential fake breakout or bull trap could be forming. Bearish Projection: If price confirms rejection from resistance, we may see a drop toward the support zone (0.79000 – 0.79236). This would complete a classic resistance-to-support rotation. Bearish Confirmation: A bearish candle formation or break below 0.80350 can trigger short entries. Ideal risk-reward favors a short setup here. 📉 Trade Plan (Educational Purpose Only): Entry Zone: 0.80750 – 0.80950 Stop Loss: Above 0.81100 Take Profit Target: 0.79250 Risk-Reward: Approx. 1:2.5 🔻 Summary: USDCHF is trading near a major resistance zone with weak bullish momentum. If confirmed, a sharp reversal toward support is expected, making this a potentially strong short opportunity.
Short
by Mentor_Michael03
Will Gold Break Higher or Resume the Downtrend?Gold has been trading within a defined rising channel pattern, forming a short-term consolidation phase after a significant bearish leg. The current setup presents a critical inflection zone where Gold (XAUUSD) could either break out above the resistance trendline and major resistance zones or retrace and resume the prior downtrend. Traders and investors should pay close attention to the price behavior around these key levels for possible high-probability trading opportunities. 📊 Technical Breakdown 1. Rising Channel Pattern Gold has been bouncing between a support trend line and a resistance trend line, forming a rising channel. This indicates a controlled upward movement or short-term relief within a broader downtrend. Support Trendline: Has been respected multiple times and offers a key reference point for bullish continuation. Resistance Trendline: Acting as a cap on the short-term rallies. This pattern represents a state of consolidation and indecision, often preceding a strong breakout in either direction. 2. Major Resistance Zone Ahead The region around $3,345–$3,355 is stacked with: Previous supply zones. Confluence of the channel resistance and historical price rejection. Psychological level near $3,350. This zone is the make-or-break point for bulls. A successful breakout above this resistance could open the doors for a strong bullish continuation targeting levels such as: $3,370 $3,390 $3,400+ But without a convincing close above this zone, bullish attempts may get rejected, resulting in a pullback or even breakdown. 3. Immediate Support Zone On the downside, $3,320–$3,325 is a key short-term support level: Aligned with the lower boundary of the channel. Previous breakout retest zone. Demand area observed in past bounces. If this zone fails to hold, Gold could witness a strong decline, with potential targets at: $3,310 $3,290 $3,275 🧠 Two Scenarios for Traders ✅ Bullish Breakout Scenario: Trigger: Price breaks above $3,355 and sustains. Retest Opportunity: If price comes back to test the breakout zone with a bullish engulfing candle or pin bar, it can serve as confirmation. Target Zones: $3,370 / $3,390 / $3,400+ Stop Loss: Below the breakout point or recent higher low inside the channel (~$3,320) ❌ Bearish Breakdown Scenario: Trigger: Breakdown of the support trendline and close below $3,320. Confirmation: A bearish retest or continuation candle adds strength to the setup. Target Zones: $3,310 / $3,290 / $3,275 Stop Loss: Above $3,335 (recent high) 📝 Final Thoughts The XAUUSD 1H chart is setting up for a volatile move as price action coils between strong support and resistance. The rising channel within the larger downtrend makes this an ideal setup for both breakout traders and trend followers. For bullish traders, the best entry lies above the resistance trendline, ideally after a retest. For bearish traders, a breakdown below the support line confirms downside momentum continuation. In either direction, a clear break from this consolidation channel is likely to deliver a fast, directional move. Patience is key—wait for a clean breakout or breakdown before entering large positions. ================================================================= Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. =================================================================
TRADENATION:XAUUSD
by TradZoo
Gold Price Analysis July 30Gold (XAUUSD) Consolidating in a Triangle Pattern – Preparing for a Big Breakout Currently, gold is moving within a triangle consolidation pattern, reflecting the market’s indecision as investors await a series of important economic data from the US this week. This hesitation suggests that a breakout from the triangle pattern could trigger a strong FOMO effect, creating a significant price movement in either direction. The current price action is similar to a “bull flag” or “pennant” pattern, where a breakout could lead to a clearer and more decisive trend. If the support zone in the pattern fails to hold, the possibility of a sell-off is high. Trading scenario: 🔻 Activate SELL order: When price breaks the triangle bottom around 3324 Downside target: 3285, further is the strong support zone at 3250 🔺 Activate BUY order: When price breaks and holds above the resistance zone 3333 Or: when there is a bearish rejection signal and candle confirmation at the area 3385
OANDA:XAUUSD
by TVS-Trader
DOGE Looking Strong as Support HoldsDOGE Looking Strong as Support Holds 🔹 1. Support Zone Validated The chart shows Dogecoin retested the lower boxed region around $0.221–$0.223, and bounced sharply from that zone. Given the heavy spike in volume during the retest, this suggests aggressive buying and accumulation—a hallmark of bullish conviction. CryptoRank The Tradable 🔹 2. Fibonacci 0.618 Support Bounce On the 4‑hour timeframe, DOGE held firm above the critical Fibonacci 61.8% retracement level, and delivered a strong rebound—indicating technical significance and buyer interest at this level. Blockchain News 🔹 3. Double-Bottom + Trendline Breakout Analysts have identified a classic double-bottom formation, with price clearing the neckline (~$0.230–$0.231) and then retesting it successfully. Holding this retest confirms a breakout, suggesting more upside ahead. Crypto Basic 🔹 4. Whale Activity & Accumulation On-chain data shows $250 million in Dogecoin accumulation by whales, especially around the support zone—creating a structural demand base and reinforcing the bullish setup. CoinCentral 🎯 Price Targets & Key Levels Scenario Levels Rationale Bullish continuation $0.239–$0.241 union resistance First resistance zone—price must reclaim to continue bullish momentum $0.260–$0.280 Reclaiming $0.241 could open room toward mid‑channel resistance or prior highs $0.300+ Potential target if momentum sustains and broader breakout occurs Bearish invalidation $0.223 support Invalid break below suggests fading momentum—risk of correction to $0.215–$0.218 $0.215–$0.218 Secondary support zone if expansion of sell side continues ⚙️ Trade Setup for a Bullish Bias Entry Focus: Consider entering long near $0.223 if price retests and holds, with a tight stop just below support. Stop-Loss Zone: Slightly beneath $0.221 to account for volatility. Targets: Scale out around $0.241, with larger targets at $0.260–$0.280, and possibly $0.30+ on sustained strength. Confirmation: Watch for rising volume, break and close above resistance zones, and bullish indicator alignment. ⚡ Market Sentiment & Broader Themes Momentum Shift: A bearish retrace reversed quickly amid accumulation, suggesting strong buyer commitment. CryptoRank The Tradable AInvest Double Bottom Status: Analyst commentary supports a reversal setup, with targets toward $0.310–$0.46 if the neckline holds. Crypto Basic AInvest CryptoRank Macro View: DOGE remains within a bullish channel; some forecasts project
Long
by Mentor_Michael03
1
EUR/GBP Technical Analysis – Range-Bound Structure EUR/GBP Technical Analysis – Range-Bound Structure with Potential Rebound The pair is currently trading within a well-defined horizontal channel between: Support Zone: 0.86400 – 0.86200 Resistance Zone: 0.87800 – 0.87600 Price is currently near the mid-level (0.86756), showing consolidation after a rejection from resistance. Supertrend Indicator: The Supertrend (10,3) is currently bearish (red line above the price), indicating short-term downward pressure. Price recently broke below the Supertrend line near the highs, suggesting a correction is underway. Volume Profile (Left Side): Significant volume has been transacted around the current market range (Point of Control). This indicates strong interest and fair value, often leading to sideways movement before the next breakout. Bull Wick Highlight (Mid-July): Indicates buying pressure from lower levels, acting as historical demand near 0.86400. 🔄 Price Projection & Scenario Planning: ✅ Scenario A: Bullish Rejection from Support If price retests the support zone (0.86400 – 0.86200) and forms a bullish rejection (e.g., pin bar or engulfing), a bounce is likely. Target: Resistance zone 0.87600 – 0.87800 Confirmation: Bullish candle + break of 0.86900 resistance. ❌ Scenario B: Bearish Breakout Below Support A break and close below 0.86200 may trigger a deeper correction. Next possible downside target: 0.85800 Volume drop and strong red candles would support this. 🔧 Technical Summary: Indicator Status Structure Sideways / Range-bound Supertrend Bearish (Short-term) Support Zone 0.86200 – 0.86400 Resistance Zone 0.87600 – 0.87800 Bias Neutral-to-Bullish (above support) 🧠 Educational Note: This chart is a great example of range trading—where traders look to buy near support and sell near resistance, especially when there is no strong trend. Patience and confirmation signals (like wick rejections or volume spikes) are key in such setups.
Long
by Mentor_Michael03
DOGE/USDT Technical Analysis – Breakout AnticipationDOGE/USDT Technical Analysis – Breakout Anticipation As of the current market structure, DOGE/USDT is showing signs of a potential bullish reversal from the demand zone (support), aiming toward the projected target at 0.27253 USDT. 🔍 Chart Structure & Price Action Support Zone (0.21873 – 0.22568): The price has previously respected this area, making it a strong demand zone where buyers stepped in. Resistance Zone (0.27756 – 0.29000): A key supply zone where previous rallies halted. This is the ultimate test for bulls after the breakout. Current Price (0.23743) is showing consolidation above the support, suggesting accumulation before a move. 🧠 Technical Indicators Supertrend Indicator: Currently flipping to bullish (10,3 settings), indicating potential upside continuation. Volume Profile (VRVP): Shows high volume nodes around the support level, confirming strong interest from institutional players or large orders. Market Structure: A higher-low is forming, indicating early signs of a bullish market shift. 🎯 Target The projected move towards 0.27253 USDT aligns with previous price action and supply zone interaction. A clean breakout from the current consolidation could fuel momentum toward this level. 🎓 Educational Insight This setup reflects the principles of Smart Money Concepts (SMC): Price tapping into demand before impulse moves. Liquidity grab at lows. Break of structure (BOS) to the upside could trigger continuation. Traders can learn the value of combining structure-based trading with volume analysis to improve entry precision and confidence.
Long
by Mentor_Michael03
2
GBP/USD – Bearish Structure with Possible Short-Term Pullback📊 GBP/USD – Bearish Structure with Possible Short-Term Pullback Timeframe: 30-Minute | Date: July 29, 2025 Price action recently broke down from a well-respected ascending channel, confirming a shift in market structure with a Change of Character (CHOCH) followed by a Break of Structure (BOS). Since then, GBP/USD has been respecting a descending trend channel, forming consistent lower highs and lower lows. 🔍 Current Setup: Price is testing a major support area around 1.3300–1.3320. A minor pullback is expected as indicated by the bullish wick rejections. However, the overall bias remains bearish unless we break and hold above the 1.3353–1.3406 resistance zone and the descending trendline. The Ichimoku Cloud and Supertrend both show bearish momentum. 📈 Potential Scenario: Price may bounce from the support area and retest the upper boundary of the descending channel before resuming the bearish trend. ⚠️ Key Levels to Watch: Resistance: 1.33530 / 1.34063 / 1.34738 Support: 1.33200 / 1.33000 💡 Structure Notes: CHOCH = Trend Reversal Signal BOS = Confirmation of Downtrend Cloud = Dynamic Resistance
Long
by AllyPipsExpert