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Technical Analysis

JPY/USD Rising Wedge Breakdown – Bearish Reversal in Play🔎 Technical Breakdown: 1. Rising Wedge Formation: The pair has been trading within a Rising Wedge, a bearish reversal pattern that forms when price makes higher highs and higher lows but with diminishing momentum. The wedge is visible from the swing low on May 13, where price began to climb aggressively but within increasingly narrow price action. This narrowing range signals weakening bullish strength. 2. Key Resistance Zone: The wedge forms right below a Major Resistance Zone marked earlier in the chart (around 0.007050), where price had previously faced heavy selling pressure. This adds confluence to the bearish bias, as the zone historically acted as a turning point. 3. SR Interchange Zone: Below the wedge lies a Support-turned-Resistance (SR) Interchange level, a critical price area where past support may now act as resistance if the price attempts to retrace. This is a commonly watched level by institutional and technical traders. 4. Breakdown Confirmation: The price has broken below the wedge's lower trendline, which is often considered the breakdown signal. A valid breakdown typically includes a close outside the wedge body followed by a retest or continuation. 5. Bearish Target: The projected move is toward 0.006796, derived by measuring the wedge height and applying it from the breakdown point. This level aligns with a historical support zone, adding more confluence to the target. 🧠 Psychological & Structural View: Bullish exhaustion: Buyers pushed price higher into resistance, but momentum slowed, signaling exhaustion. Trapped longs: Traders who entered late in the wedge may now be trapped, potentially accelerating a sell-off as they exit. Smart money behavior: Rising wedges near resistance often signal distribution by smart money before a drop. 🛠️ Trading Plan Suggestion (Not Financial Advice): Entry: After a clear wedge breakdown, consider short entries on a retest of the broken trendline or a bearish candle confirmation. SL: Above the wedge high or major resistance zone. TP: Staggered exits below 0.006850 and final target around 0.006796. 🔁 What to Watch For: Retest of the wedge breakdown (potential short entry zone) Momentum confirmation via volume or bearish candles Price reaction at SR Interchange and final support target 🧠 Minds Section – Condensed Summary JPY/USD formed a Rising Wedge below major resistance, signaling bullish exhaustion. Price has broken down from the wedge, confirming bearish momentum. A clean breakdown targets 0.006796, with SR interchange acting as a minor support. A retest of the wedge breakdown could offer a good short opportunity.
Short
by GoldMasterTrades
USDJPY – Bearish Channel Holds, Eyes on Support BreakUSDJPY is currently trading within a clearly defined bearish channel on the 3H timeframe, consistently forming lower highs and lower lows. After a slight bounce from the 142.50 support zone, the price is now heading toward the 143.30 resistance area — which aligns with the upper boundary of the channel. This is a zone likely to face rejection and renewed selling pressure. On the news front, Moody’s recently downgraded the U.S. credit rating due to concerns over prolonged budget deficits, putting pressure on the USD. Although the interest rate gap between the Fed and the BoJ still favors the dollar, current market sentiment is making it harder for USDJPY to maintain a strong rally. If the 143.30 resistance holds, the price is likely to be pushed back down to retest the 141.07 support zone — a previous low and the lower boundary of the descending channel. A confirmed break below this level would signal further downside, with the next target below the 140.00 mark.
Short
by Rocky_trade_
XAGUSD Technical Analysis : MMC Breakdown from Resistance ZoneChart Concept: By Using MMC – Mirror Market Concepts 🔎 1. Major Resistance Zone – The Brick Wall At the top of the chart, around $33.85–$34.00, we see a strong major resistance zone. This area has acted as a ceiling for price multiple times in the past. Think of it like a brick wall where the bulls keep trying to break through but get pushed back. When price touches this level and fails to break above it, that’s a clear rejection. This rejection gives the first sign that buyers are losing steam and sellers are stepping in. 🧠 2. Mirror Market Concept (MMC) in Action Using the MMC (Mirror Market Concept), we’re treating the chart like a reflection — what happened on one side of the move is likely to mirror or repeat on the other. So when price aggressively moved up into resistance, you look for a symmetrical move back down once it's rejected — just like looking in a mirror. This concept helps predict where price might land based on previous movements, levels, and psychological patterns. 🧱 3. SR Interchange Zone (Support ↔ Resistance Flip) Look around the $33.10–$33.25 area — this is a critical SR interchange zone. Price used this zone as resistance in the past, broke above it, and then used it as support. Now that price has rejected from the top, it’s coming back down to retest this SR zone. If it breaks below this area, it confirms a shift in market structure—from bullish to bearish. 🌀 4. Black Mind Curve Support – Dynamic Support That curved black line? That’s not just a drawing — it's called Mind Curve Support in MMC. This curve helps map out dynamic support based on price memory and human psychology. As long as the price respects that curve, the structure is bullish. But once it breaks below it — like it’s threatening to do now — it often means momentum has shifted and a correction is underway. ⛓️ 5. Bearish Breakdown Structure Once price touched the major resistance, it formed two swing highs labeled TP1 and TP2. That’s very similar to a double top pattern, which is a strong bearish reversal signal. After the second peak, price dropped sharply — that’s your early confirmation of a potential move lower. And now, price is forming lower highs and lower lows, another classic sign of bearish momentum taking over. 🎯 6. Target Zone – Why $32.72? Here’s where MMC really helps: The projected target zone is $32.72, which is marked in the chart. Why this exact level? It’s previous market structure (support zone from earlier) It aligns with the 50% Fibonacci retracement It’s the mirror reflection of the bullish move, completing the MMC concept This is a high-probability area where buyers may step in again. 💼 Trade Setup Summary (Educational Only) Parameter Level Entry Below $33.20 after confirmation candle Stop Loss Above $33.85 (recent high) Take Profit $32.72 (MMC Mirror Target) 🧠 Final Thoughts – The MMC Edge This chart isn’t just about lines and levels. It’s about understanding how traders think — where they get excited, scared, greedy, or exhausted. That’s what Mirror Market Concepts (MMC) are built on. By recognizing structure, psychological curves, and SR flips, you're not just guessing—you’re reading the market’s mind. ⚠️ Risk Disclaimer This is not financial advice. Always use proper risk management and confirm setups with your own trading plan before entering any trade.
OANDA:XAGUSDShort
by GoldMasterTrades
Bitcoin (BTC/USD) Bullish Breakout – Targeting $116K Using MMCBitcoin has printed one of the most powerful continuation setups in technical analysis — a Bullish Pennant — and it's playing out beautifully, backed by Mirror Market Concepts (MMC). Let's break down the structure, the reasoning behind this move, and how smart money could be driving this price action. 📈 1. Market Context – The Impulsive Rally That Set the Stage The first thing to notice is the strong bullish move that occurred before the pennant started forming. This rally is important because a Bullish Pennant is a continuation pattern, and without a strong preceding trend, the pattern loses its credibility. This initial move acts as the “pole” of the pennant — a clean, impulsive leg upward, driven by demand and momentum. Such moves are often the result of strong buying from institutions, retail FOMO, or positive macroeconomic catalysts. 🧠 Psychology Insight: The rally injects confidence into the market. Buyers who missed the move now wait for a pullback, while early buyers prepare to scale in on continuation. 🔺 2. Bullish Pennant Structure – The Calm Before the Next Storm After the bullish pole, the price enters a tight consolidation phase, forming a symmetrical triangle: Lower highs and higher lows compress price into a pennant shape. Volume usually declines during this phase, showing that the market is resting, not reversing. The market is essentially "charging up" for the next big move. 💡 Why This Matters: The Pennant shows temporary equilibrium between buyers and sellers. A breakout typically signals which side wins — and in this case, buyers have taken control. 🪞 3. Mirror Market Concepts (MMC) – The Secret Weapon This chart also showcases the power of MMC (Mirror Market Concepts), a strategy based on the idea that the market tends to reflect its previous behavior, structure, and reactions. Here’s how MMC applies: The price broke out of the pennant, then came back to retest the breakout area, just like it did during the previous breakout from the consolidation zone. The Mini SR – Interchange zone acted as resistance before, and now it’s acting as support — a classic Support/Resistance flip (SR flip). The retest behavior mirrors the earlier breakout structure, offering a confirmation that the market is following a familiar rhythm. 📊 Trading Logic: When a market behaves similarly at two different points in time, it’s often a signal of institutional activity — "smart money" repeating proven entry points and exits. 🔁 4. Retesting – The Entry Opportunity for Smart Traders After the breakout from the pennant, price didn’t just shoot up — it pulled back to retest the broken structure. This is a high-conviction setup in technical trading: ✅ Retest confirms the breakout was valid (not a fakeout). ✅ It provides a safe entry point for traders who missed the initial impulse. ✅ Volume and bullish candle structure post-retest indicate buyer interest. 📌 The Mini SR – Interchange zone, around $106,631.69, acted as the perfect launchpad for the next bullish leg. 🎯 5. Trade Setup – High R:R Swing Opportunity Let’s look at the exact setup this chart offers: Entry: After the breakout and retest near $107K–$108K Stop Loss (SL): Below the support zone at $106,631.69 Target (TP): At $116,105.65 — derived by projecting the height of the pole from the breakout zone This gives an excellent reward-to-risk ratio, a key principle in sustainable trading. 🧠 6. Psychological Fuel – Why This Move Has Legs Traders who missed the earlier rally are now watching closely for entries. Retail traders are seeing confirmation. Institutions may already be in from lower levels and are now defending support zones. Sentiment is bullish post-retest, increasing volume and momentum. It’s a self-fulfilling prophecy: as more traders recognize the pattern and the confluence, the trade becomes even more likely to play out. 🗓️ 7. What to Watch Next – Smart Risk Management Even though the pattern looks strong, smart traders always remain cautious: ✅ Move SL to breakeven once price moves halfway toward the target. 🔄 Consider taking partial profits near interim resistance zones (like $112K). 📆 Stay alert for economic events or Bitcoin news that could cause sudden volatility. 📘 Conclusion: Bullish Setup with Proven Structure and MMC Confirmation This BTC/USD chart is a textbook example of a Bullish Pennant breakout, with added strength from Mirror Market Concepts and a clean SR Flip retest. For swing traders and price action lovers, this setup offers a structured, strategic, and smart opportunity to ride the next wave of Bitcoin momentum.
CRYPTO:BTCUSDLong
by GoldMasterTrades
Gold (XAU/USD) Technical Analysis – Rising Wedge Breakdown & MMC🧠 2. Introduction to Mirror Market Concepts (MMC): MMC, or Mirror Market Concepts, is a powerful technique that views price action as symmetrical or repetitive in nature. In this scenario, we notice that the right side of the chart mirrors the left — suggesting that after this bullish climb, the market might repeat its earlier bearish behavior but in a reflected pattern. This adds confluence to our bearish outlook and makes the forecast more robust. 🔺 3. Rising Wedge Pattern – Bearish Reversal Signal: The most critical part of this analysis is the formation of a Rising Wedge — a classic reversal pattern. Let’s break down what it means: Structure: The wedge is formed by two upward-sloping trendlines converging at the top. Volume Behavior: Volume typically decreases as the wedge matures, showing that bulls are losing strength. Psychology: Buyers keep pushing the price higher, but each move has less momentum than the last. Sellers are quietly preparing for a breakdown. The moment price breaks below the wedge’s lower trendline, it usually triggers panic selling or aggressive short entries. 🔄 4. Key Price Levels & Zones: Minor Resistance Zone: Price rejected near a historical resistance area, showing sellers are still active. Previous Target Zone: This area acted as a ceiling before the rejection — important for reversal confirmation. SR Interchange Zone: A classic zone where support becomes resistance — this adds strong confluence to the reversal idea. 🎯 Bearish Trade Plan & Take-Profit Levels: Once the wedge breaks down, the projected move is based on measured moves and prior support levels. Here’s the breakdown: ✅ TP1 (Take Profit 1): 3,275.30 – This is the first key support level right after the wedge breakdown. Ideal for partial profits. ✅ TP2: 3,205.64 – Previous support zone from earlier consolidation. High probability target. ✅ TP3: 3,169.18 – A more extended target that aligns with historical price memory and full wedge depth. Each TP level is supported by historical price structure and previous volume clusters. ⚠️ Risk Factors & Trade Management: While this setup looks strong, always consider: False Breakouts : Wedges can fake out traders. Wait for candle close confirmation below the wedge. News Events : Macroeconomic announcements (especially U.S. dollar data) can reverse technical setups. Risk-to-Reward: Don’t enter without calculating your stop loss above the wedge and aiming for at least a 1:2 ratio. 🧠 Conclusion – What This Setup Tells Us: This chart is a perfect blend of price action + market symmetry (MMC). The rising wedge signals that bulls are running out of steam, while MMC suggests a mirrored decline could follow. If price action confirms the breakdown with momentum and volume, this could be a high-probability short setup for swing traders and intraday players alike.
OANDA:XAUUSDShort
by GoldMasterTrades
AMD LONG IDEAAMD stock has been in a downtrend for a while. This is also confirmed with the awesome oscillator being in oversold region. However, there's a breakout of the downtrend. This is also supported with price breaking and closing above a support level. An aggressive trader or investor can buy at the current market price. While a conservative trader or investor can wait for price to pull back to the support level before buying. The entry will be 101.70 while the stop will be 76.05 and the final target will be 226.77. Confluence for this signal are as follows: 1. Awesome oscillator in oversold region 2. Awesome oscillator divergence 3. Downtrend breakout 4. Weekly bullish candle closing above down trend line and support level. 5. Price respecting uptrend Disclaimer: This is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
NASDAQ:AMDLong
by KofTFx
3
BTCUSDT – Reaccumulation Breakout or Bearish S/R Flip?Timeframes: 1W • 1D • 4H Structure: Wyckoff Reaccumulation nearing Phase E — but ATH is acting as resistance 🔹 WEEKLY OUTLOOK: Macro Structure Points to Markup Last weekly candle closed above the reaccumulation Buying Climax (BC), showing bullish intent Weekly upper Bollinger Band is rising toward 113k RSI at 67, strong but not overbought Structure suggests we’re entering Wyckoff Phase E Weekly Targets: 🟢 TP1: 113,049 (Upper BB) 🟢 TP2: 116,199 (measured move) 🟢 TP3: 118,237 (Fib 0.66 extension) 🔹 DAILY OUTLOOK: Still Holding Above Reaccumulation Range Multiple daily closes above the BU (backup) zone, but all below 110k ATH RSI is strong (~66), and price is tracking near the upper BB, but volume is not convincing Until a daily close above 110,000, breakout remains unconfirmed 🔹 4H OUTLOOK: Structure Valid, Momentum Rising BU zone held; price made two lower lows followed by a higher high RSI has reclaimed 57+, and volume is picking up modestly 4H structure looks like an early Phase E breakout attempt, but... ⚠️ Caution: Is This a Bearish S/R Flip? While the broader Wyckoff structure suggests a transition into markup, we must also consider the bearish scenario: BTC may be failing a support/resistance flip at 110k All timeframes have rejected at or below 110k, despite multiple attempts If we see a lower high under 109k + 1D close below 105,863 with red volume and RSI < 45 → this becomes a confirmed bull trap 📊 TL;DR: BTC is structurally bullish — but we are at the final test zone. 🔓 Breakout confirmed: Daily close above 110k 🔒 Failure confirmed: Close below 105,863 + red volume + RSI breakdown Stay nimble. This is either the last shakeout before markup… or the top of the range before reversal. #Bitcoin #BTCUSDT #Wyckoff #CryptoTrading #TechnicalAnalysis #Reaccumulation #Breakout #SupportResistance
Long
by BitcoinMillio18
1.15150 Resistance Looms Amid EU Economic WoesOn the daily timeframe, EURUSD continues climbing toward the strong resistance zone around 1.15150 after a solid rebound from the EMA 34. However, the current candlestick structure shows signs of slowing momentum as price approaches a historically significant top — a zone prone to short-term profit-taking. The technical setup becomes even more relevant when viewed alongside macroeconomic developments: the U.S. has just announced an extension of its 50% tariff deadline on EU goods from June 1 to July 9, temporarily easing trade tensions. However, the European Commission has revised down its Eurozone growth forecast for 2025 from 1.3% to 0.9%, highlighting persistent structural weaknesses and economic risks in the region. The likely scenario: EURUSD may face rejection at 1.15150, followed by a pullback toward the support area around 1.09610. This zone aligns with the EMA 34, EMA 89, and a previous accumulation range. If this support fails to hold, the medium-term trend could shift clearly to the downside.
by Rocky_trade_
Potential Reversal and Breakout Retest.Entry Zone: We recommend initiating a BUY position in AIA Engineering Ltd. around the current levels, ideally between ₹3,280 - ₹3,320. This area represents a retest of the recent trendline breakout. Target 1 (T1): ₹3,400 Target 2 (T2): ₹3,480 Target 3 (T3): ₹3,580 (If momentum sustains above T2) Stop Loss (SL): ₹3,200 (Strictly on a closing basis) Trendline Breakout & Retest: The stock recently broke out of a significant descending trendline, indicating a potential end to the corrective phase. The current price action appears to be a successful retest of this broken trendline, which often acts as new support, presenting a lower-risk entry point. Volume Confirmation: The initial breakout was accompanied by higher volumes, and while the retest phase has lower volumes (typical), sustained buying interest on subsequent upward moves would confirm strength. RSI Bounce from Support: The Relative Strength Index (RSI) is showing a bounce from the 40-50 zone, indicating that momentum is regaining strength and potentially moving towards the bullish territory. Positive Structure: The overall chart structure suggests that the stock is attempting to reverse its short-term downtrend and potentially resume its broader upward trajectory. Favorable Risk-Reward: The current setup offers a reasonable risk-to-reward ratio for a short-term trade, with potential for upside gains outweighing the defined risk. Key Risk: A close below ₹3,200 would invalidate the bullish retest scenario and could lead to further downside, bringing the previous lows into play. Traders should adhere strictly to the stop-loss.
NSE:AIAENGLong
by rmhetre15
#NIFTY Intraday Support and Resistance Levels - 26/05/2025Today, Nifty is expected to open with a gap-up near the 24950 level. If it sustains above the 24950–25000 zone, it can lead to bullish momentum with upside targets of 25150, 25200, and 25250+. A breakout above 25000 will act as a strong confirmation for further rally. However, if Nifty fails to sustain above 24950 and slips below the 24900–24850 zone, a short trade opportunity may emerge with downside targets at 24800 and 24750. Further weakness will be confirmed only if it breaks below 24700, which may drag the index down to 24600, 24550, and 24500.
NSE:NIFTY
by TradZoo
EURUSD Trendline Breakout – Bullish Target Ahead EURUSD has successfully broken out of a strong descending trendline, which was acting as dynamic resistance for weeks. The breakout is backed by strong bullish candles and clear higher lows forming. After the breakout, the price also reclaimed a key horizontal support zone around 1.12573, turning it into a solid base for further upside. 🎯 Bullish Target (Expected): First major bullish target at 1.13864 based on the 1.618 Fibonacci extension from the last swing move. 📌 Support: 1.12573 📌 Breakout Confirmation: Valid as long as price holds above the trendline and support. 📈 Outlook: The momentum looks strong for further bullish continuation. If the price holds above the breakout zone, we expect a move toward 1.13864 in the coming sessions.
Long
by ClearTradingMind
XAUUSD – Signs of Weakness at the Pressure ZoneToday’s market has low trading volume as both the UK and the US are on holiday. This makes price action more prone to “choppy” movements within a narrow range, and technical signals tend to become more reliable. Gold is approaching a strong resistance zone around 3,420 – a level that previously triggered a sharp drop in early May. Based on the current technical structure, it’s clear that gold is entering a “pressure zone,” as upward momentum slows down and recent candles start to show hesitation. The most likely scenario is a rejection at 3,420, followed by a pullback toward the 3,250 support area – where EMA 34 and prior accumulation volume converge. If this zone fails to hold, the next target could be around 3,170. We don’t always have to “call the top,” but this is definitely a time to dial back bullish expectations and closely monitor price action in this sensitive area.
OANDA:XAUUSDShort
by Rocky_trade_
ETH Trap & Drop Setup – OB Rejection + Bearish Channel📉 Ethereum (ETHUSD) | 1H SMC Breakdown | Bearish Setup Explained Another clean setup for the SMC gang. ETH just gave us a beautiful opportunity, respecting market structure, reacting to Order Block supply, and aiming to clean up sell-side liquidity. Let’s dive in 👇 🧱 1. Structure: Bearish Channel Formation ETH has been moving in a tight bearish channel, producing: Lower highs (confirmed supply zones) Lower lows (liquidity grabs + structure breaks) This shows consistent bearish pressure. 🧊 2. Premium OB Tap + Rejection Zone Price just retraced into a Bearish Order Block sitting in the Premium zone, right around $2,514. 💥 OB zone is aligned with: Upper channel resistance Supply rejection Clean inefficiency fill Price wicked inside and immediately rejected = Smart Money active. 🧠 3. Retail Psychology Trap Retail likely: Longing support bounce Placing stops under structure lows Not respecting OB/imbalance narrative Meanwhile, Smart Money: Enters short from OB Targets imbalanced zones Eyes the $2,270 weak low 🎯 4. Liquidity Pool & Final Target 🔻 Target Zone: $2,270 This level is: A weak low (high chance of being swept) Sits at lower channel boundary Acts as a liquidity magnet Expect price to accelerate as it approaches this zone. ⚔️ 5. Trade Plan (Short Setup) 📍 Entry: $2,514 OB Zone 🔐 Stop Loss: Above $2,582 (structure break + OB invalidation) 🎯 Targets: TP1: $2,460 TP2: $2,400 TP3: $2,270 ⚖️ RRR: ~1:4+ – high precision trade 🧠 Key Concepts in Play: Order Block Rejection Premium Pricing Sell Setup Bearish Channel Continuation Liquidity Sweep Targeting 📌 Chart Summary: "Don’t chase candles – follow the narrative. OB tells the story, liquidity gives the profit." 📚 Study the OB zone reaction. These setups repeat every week across assets if you know what to look for. 💬 Drop “ETH OB SNIPER” in the comments if this is your kind of entry. 📈 Tag a trader who needs to stop fading Smart Money moves!
COINBASE:ETHUSDShort
by ChartNinjas88
2
BTCJPY Bearish Channel Setup – OB Rejection to Weak Low Sweep🧠 Bitcoin vs Yen (BTCJPY) | 30M Smart Money Breakdown BTCJPY is painting the same story we’ve seen before: liquidity builds → OB rejection → channel continuation → weak low sweep. This is how the markets bleed slow then drop fast. Let’s break it down. 🧱 1. Bearish Channel Structure We’re inside a clear descending channel, where price: Forms consistent lower highs (supply zones) Prints lower lows (liquidity grabs) Shows rejections at channel tops = perfect confluence This structure supports a continuation downward move. 🧊 2. Order Block + Supply Rejection Price recently tapped into a clean Bearish Order Block (OB) within the premium zone just under 15.5M. OB was respected with a sharp reaction Immediate sell pressure confirms Smart Money entry Red zone = OB + supply + channel midline No candle closes above OB = bias confirmed bearish. 🧲 3. Smart Money Flow vs Retail Retail likely went long on the mini bounce. Smart Money waited for: Price to tap into the OB Retail to stack longs Opportunity to fill imbalance and dump This gives us an ideal Sell-to-Buy-to-Sell structure forming. 🕯️ 4. Projected Move: Weak Low Sweep 🧨 Target = 14,831,148 Why? That’s a marked Weak Low It aligns with channel support It’s a known liquidity magnet Expect acceleration into this zone. ⚔️ 5. Trade Plan (Short Setup) 📍 Entry Zone: 15.315M – 15.33M 🔐 Stop Loss: Above OB → ~15.50M 🎯 Targets: TP1: 15.200M TP2: 15.000M TP3: 14.831M ⚖️ RRR: ~1:4+ depending on execution precision 🧠 Summary: This chart screams: “Trap the liquidity, respect the OB, ride the channel.” These setups repeat. Same pattern, different chart, every week. 📣 Engage Call: 💬 Comment “BTCJPY SHORT SNIPER” if you caught this one 👥 Tag your trading partner – don’t let them miss this play 🔄 Save this chart to study the OB entry mechanics
Short
by ChartNinjas88
Potential Breakout from a Symmetrical Triangl Descending ChannelEntry Zone: We recommend initiating a BUY position in JK Lakshmi Cement around the current levels, ideally between ₹880 - ₹890. This considers the strong closing above the resistance trendline. Target 1 (T1): ₹925 Target 2 (T2): ₹950 Target 3 (T3): ₹980 (If momentum sustains above T2) Stop Loss (SL): ₹860 (Strictly on a closing basis) Channel Breakout: The stock has decisively broken out of a multi-month descending channel/symmetrical triangle pattern, indicating a potential strong reversal from a corrective phase. This breakout appears to be supported by a noticeable pickup in volumes. Key Resistance Breach: The stock has also managed to close above a significant horizontal resistance level around ₹880-885, which has acted as a hurdle multiple times in the past. A sustained move above this level confirms bullish intent. RSI Strength: The Relative Strength Index (RSI) is showing strength, trading well above the 50-mark and moving towards the overbought zone, confirming increasing buying momentum. Positive Price Action: The overall structure suggests accumulation at lower levels, and the current breakout could initiate the next leg of the uptrend. Favorable Risk-Reward: The setup offers a compelling risk-reward profile for a short-term trade, with significant upside potential compared to the defined stop-loss. Key Risk: A failure to sustain above the ₹880 level or a close below the ₹860 stop-loss would invalidate the bullish view and could lead to renewed selling pressure.
NSE:JKLAKSHMILong
by rmhetre15
Golds Correction Is Over!Gold corrected itself all the way down to 3120 yesterday which is a significant demand level by institutions. Price then rebounded and closed at 3150. If it creates a confirmed HL by the end of Friday, the odds and probability XAUUSD will go back to its supply area at 3500 is highly probable. Price will also depend on macro fundamentals. The weekly shows a strong uptrend and so as the monthly chart. Institutions started buying back and increased their long positions.
PEPPERSTONE:XAUUSDLong
by supertrader72
Bullish - Breakout observed from a descending channelEntry Zone: We recommend accumulating FSL in the zone of ₹375 - ₹385. Target 1 (T1): ₹405 Target 2 (T2): ₹420 Target 3 (T3): ₹450 (If momentum sustains above T2) Stop Loss (SL): ₹360 (Closing basis) Rationale: Channel Breakout: The stock has successfully broken out of a prominent descending channel, indicating a potential shift in momentum from bearish to bullish. This breakout is supported by decent volumes on the breakout candle. RSI Confirmation: The Relative Strength Index (RSI) has shown a strong move above the 50-mark and is trending upwards, suggesting increasing buying interest and underlying strength. Support from Previous Levels: The breakout retests appear to hold the previous resistance now acting as support, which is a classic bullish reversal pattern. Risk-Reward: The current setup offers a favorable risk-to-reward ratio for short-term traders. Key Risk: A close below ₹360 would negate the current bullish view and could lead to further downside. Traders should adhere strictly to the stop-loss. Disclaimer: This report is for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Equity investments are subject to market risks.
NSE:FSLLong
by rmhetre15
BTCUSDT – Hitting resistance, is selling pressure returning?Bitcoin is showing signs of losing momentum after touching the resistance zone around 111,669. On the H4 timeframe, the previous bullish structure has stalled with a series of red candles and a clear pullback, bringing price back to test the EMA 34 zone. In terms of news, although the market remains excited due to expectations surrounding a Bitcoin spot ETF, many large investors are starting to take profits after the recent sharp rally. This is causing selling pressure to slightly outweigh buying in the short term. The most likely scenario now is that BTC could make a mild upward move to retest the 111,600 area – but if it fails to break above, a reversal back toward the support zone at 105,800 is highly probable. This area aligns with the EMA 89 and a previous accumulation zone. Current strategy: don’t get caught in a false breakout. Instead, watch the 111,600 area and wait for a clear signal. If a reversal candlestick pattern appears, short-term sell entries may be considered with a target near the lower support.
Long
by Rocky_trade_
EURUSD – Testing Key Resistance, Signs of a Pullback EmergingEURUSD is gradually approaching the strong resistance zone around 1.142 – a level that has rejected price at least twice in the past. The recent bullish momentum is clear, but the current move is nearing a major barrier, increasing the likelihood of a short-term pullback. If the price fails to break this zone and rejection signals appear, a drop back toward the support area around 1.125 is highly possible – this level aligns with the EMA 89 and recent swing lows. It will be a key area to watch where the market might “take a breath” before deciding the next direction. The current strategy is to patiently observe price action at this resistance zone. If confirmation appears, this could offer an opportunity for short-term sell setups. However, if the price decisively breaks above 1.142, the bearish scenario would be invalidated.
Short
by Rocky_trade_
2
XAUUSD holds the trend – Will it break through 3,440?Gold continues to maintain a strong uptrend on the daily timeframe, supported by a rising trendline and upward-sloping EMA 34 and EMA 89. The price is now approaching the key resistance zone at 3,440 – a level that has been rejected twice in the past – making a slight pullback entirely possible. However, the market structure shows no signs of reversal, and any dip toward the support area around 3,210 could present a “buy on dip” opportunity. As long as the price remains above the ascending trendline, the primary trend is still upward. Traders are advised to patiently wait for clear signals near support rather than FOMO at resistance. If the 3,440 barrier is broken successfully, bullish momentum may accelerate toward higher targets.
OANDA:XAUUSDLong
by Rocky_trade_