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DOGEUSDT Analysis : Bullish Breakout, Reversal Zones + Target📊 Full Technical Analysis: This chart presents a structured and precise MMC-based analysis of DOGE/USDT on the 30-minute timeframe, integrating key price action zones, trendline structure, and potential market scenarios. 🧩 1. Downtrend Phase and Trendline Formation DOGE was in a continuous downtrend, creating lower highs and lower lows. A bearish trendline had been acting as dynamic resistance for multiple sessions. Price consistently respected this trendline, indicating strong seller dominance. However, after repeated taps on the trendline and rejection from lower support, price finally broke above the trendline — marking a potential trend reversal or corrective phase. 🔄 2. Previous Reversal Zone – Demand Zone (0.225–0.228) This zone acted as the major turning point where buyers aggressively stepped in. The demand was previously tested and respected, indicating strong accumulation here. From this zone, a bullish reversal was initiated, leading to the current price rally. This area can now be considered a structural support base – ideal for watching future re-tests or consolidation. 🔁 3. Central Zone – Decision Area (0.238–0.240) This is a critical intraday resistance zone acting as a central decision-making area for traders. Two Key Scenarios Could Play Out from Here: Scenario 1 (Marked by Blue Box 1): Price could face rejection from this zone and fall back slightly toward minor support levels for a retest or liquidity grab. If bullish pressure sustains, a higher low may form before continuation upward. Scenario 2 (Marked by Blue Box 2): If price breaks above the central zone with strong volume, momentum can push it toward the Next Reversal Zone between 0.250–0.255. In either case, watching price behavior and candle structure near the central zone is critical for confirmation of the next move. 🔼 4. Next Reversal Zone – Supply/Resistance (0.250–0.255) This zone marks a historical resistance area where DOGE faced heavy selling pressure before. If price reaches this zone, expect: Either profit-taking and short-term selling from intraday traders. Or a possible breakout continuation if broader market sentiment remains bullish. This zone will act as a key test of DOGE's strength and market conviction. 📌 5. Main SR Zone – Strong Structure (0.258–0.260) Beyond the Next Reversal Zone lies the Main SR (Support-Resistance) Zone, where price has reacted strongly in the past. If DOGE manages to break and hold above the 0.255 range, this zone will likely become the next upside target and strong resistance zone. 🔍 Additional Market Context: Breakout Volume: The trendline breakout was accompanied by rising volume, which suggests stronger conviction behind the move. QFL Zone: Price structure also aligned with a QFL (Quick Flip Level) bounce within the shaded region before breakout, further validating the bullish pressure. Psychological Levels: 0.240 and 0.250 are psychological levels, which often act as magnet points and temporary resistance/support. 🧠 Mirror Market Concepts (MMC) Insight: This analysis is rooted in Mirror Market Concepts, where the market tends to reflect past behavioral zones. Each marked zone (Demand, Central, Reversal, SR) is based on previous reaction points that guide current sentiment. The market is now in a mirror reaction phase, moving from the previous demand zone toward historical supply zones. If the symmetry continues, the pattern supports a gradual bullish continuation with measured pullbacks. ✅ Trading Plan (Educational Purpose Only – Not Financial Advice): Entry Zone 1: Breakout traders may have entered after the trendline breakout near 0.233–0.235. Entry Zone 2: Conservative traders can look for retest confirmation in the Central Zone. Target Zone: Next Reversal Zone (0.250–0.255) and possibly Main SR (0.260). Stop Loss: Below the Previous Reversal Zone (~0.224) for swing setups. Risk-to-Reward: RR setup of 1:2 or higher possible depending on entry strategy.
Long
by GoldMasterTrades
Simple EURGBP Analysis (MMC) – Bullish Continuation or Reversal?🕵️‍♂️ Chart Overview – 30-Min Timeframe (OANDA) This EURGBP chart illustrates a classic bullish continuation structure following a volume absorption phase and pennant formation, leading into a vertical price expansion toward a potential reversal zone. The technical flow demonstrates smart money accumulation and re-accumulation before a sharp bullish leg. 🔷 Phase 1: Bullish Accumulation via Pennant Formation The chart begins with a tight consolidation structure marked as a pennant, typically a continuation pattern. This area coincides with “Previous 2x Demand”, hinting at a strong institutional buying interest. The Volume Absorption label suggests that sell-side liquidity was efficiently absorbed—often a precursor to bullish breakouts. 📈 Phase 2: Breakout & Price Expansion Price breaks out of the pennant aggressively, validating the absorption theory. The post-breakout rally continues with minimal retracement, showcasing impulsive bullish momentum. The QFL (Quasimodo Failure Level) is also marked—this serves as a structural footprint left by trapped sellers. 🟩 Next Levels to Watch: Reversal or Re-Entry Zones As the price approaches the green "Next Reversal Zone" (0.87650–0.87700), watch for potential exhaustion or a reaction. The Central Zone of 2x Demand (just below 0.87500) could act as a re-entry level for continuation long setups. Anticipated short-term correction before continuation, as depicted by the projected path. 🧠 Strategic Insight & Trade Planning Aggressive Bulls: May target breakout pullbacks near the Central Zone of Demand for intraday continuation. Conservative Traders: Should wait for a clean reaction from the green Reversal Zone. If rejection is confirmed, short opportunities with tight stops become favorable. Watch the price behavior around 0.87300–0.87500—this will likely dictate whether continuation or correction prevails.
Long
by GoldMasterTrades
BTCUSD Analysis : Channel Break + QFL Setup | Structure Analysis📊 Chart Overview This 2H BTCUSD chart reveals a comprehensive view of market behavior transitioning from a phase of consolidation into a potential breakout or further rejection. The price action is analyzed inside a parallel channel, transitioning into a curved resistance path, which is currently governing the market structure. 🔵 Phase 1: Consolidation Inside a Straight Channel Price has respected a clear ascending channel (highlighted in blue) from July 16 to July 24. This phase shows a range-bound movement with defined supply and demand zones. Labelled as “Straight Channel or Consolidation”, this represents a potential accumulation/distribution zone. The Channel Previous Supply Interchange marks an important S/R flip zone, now serving as a key reference for future reactions. 🔻 Phase 2: Break of Structure & Curved Resistance Price broke down below the channel support and is now respecting a downward curved trendline. This indicates a shift in momentum from neutral to bearish, forming lower highs. A sharp drop occurred post-channel exit, marking a QFL (Quasimodo Failure Level) area—hinting at smart money involvement or liquidation hunt. 🔁 Reversal Scenarios & Key Levels There are two possible future paths visualized: 🟥 Scenario 1: Bearish Continuation Price respects the curved trendline, failing to break resistance. A rejection near the current region (~117.5k) could lead price back toward: Central Zone Reversal near 115,000 USD Further into the 100% Reversal Zone (green zone) near 113,500–114,000 USD Ideal for short entries after clear rejection confirmations. 🟩 Scenario 2: Bullish Breakout Price breaks and sustains above the curved resistance. Temporary resistance seen at Minor level (~120,000 USD), followed by Major resistance near 121,000 USD. This scenario requires bullish volume and reclaim of structure, invalidating the short bias. 🧠 Strategic Viewpoint & Trade Mindset Market is at a decision point—either confirming a bearish rejection from dynamic resistance or invalidating it for a bullish reversal. Patience is key; wait for either: A failed breakout attempt (short opportunity), or A confirmed breakout and retest (long opportunity). Use lower timeframes (15m–1h) for execution once direction is confirmed.
CRYPTO:BTCUSD
by GoldMasterTrades
XAUUSD Analysis : Reversal Zone & Trendline Break Setup 🧠 Market Breakdown (Based on MMC Concepts) Gold (XAU/USD) recently touched an All-Time High, followed by a sharp correction respecting a clean descending trendline — confirming strong selling pressure in the short term. After price completed a Channel Supply zone (highlighted), it dropped significantly and created a 2x Supply Structure along with a QFL (Quasimodo Failure Level) — a strong indication of liquidity engineering by smart money. Now, price has entered the Major Reversal Zone, which aligns with a key minor structural demand level. The reaction here becomes highly important, as it could mark the beginning of a new bullish leg. 📌 Technical Conditions Trendline (Condition 1): Still active; breakout confirmation required for bullish entry. Reversal Zone (Demand Area): Price currently reacting; signs of rejection forming. Smart Money Behavior: Liquidity sweep + QFL zone = potential institutional accumulation. Momentum Watch: Look for bullish engulfing or strong pin bar as confirmation. 🎯 Price Levels to Watch Upside Targets: 🔹 TP1: 3,360 – 3,380 🔹 TP2: 3,420 – 3,440 Invalidation Zone: 🔻 Break and close below 3,300 = bearish continuation likely. 💡 Conclusion Gold is approaching a decision point. If this reversal zone holds and we break the trendline, we could see a strong rally back toward previous supply zones. However, failure to hold could bring price lower for further liquidity grabs. Stay patient. Let price confirm.
FX:XAUUSDLong
by GoldMasterTrades
Market Structure is Not Strategy — It’s Your Starting Point“The chart doesn’t hide anything. But your mind does.” Before any indicator, setup, or signal… comes structure. 🔍 What is Market Structure? At its core, market structure is the sequence of higher highs (HH) and higher lows (HL) in an uptrend, or lower lows (LL) and lower highs (LH) in a downtrend. It is the skeleton of price . Everything else — entries, zones, signals — is just clothing. If you can’t see the skeleton, you’re reacting to noise. 🎯 Why It Matters: It’s not a signal. It’s context . It tells you whether you’re trading with the market or against it . It defines where your patience begins — not where your entry is. Market structure helps you let go of the urge to chase. It brings order to the chaos. 🧩 Key Components to Track: Break of Structure (BoS): Confirms trend continuation Change of Character (ChoCH): Signals a potential reversal Swing Points: Define the intent behind price moves Liquidity Sweeps: Often mask real structure beneath short-term traps 🛑 Common Mistake: Most traders jump straight to the setup without asking the most important question: “Where am I in the structure?” They try to buy a pullback — in a downtrend. They try to fade a move — right before continuation. They chase candles — instead of waiting for alignment. That’s not strategy. That’s stress. 🛠 Tip to Practice: Use this simple framework to build clarity: Start from the H4 chart — this gives you the broader directional bias Drop to M15 — here’s where structure begins to form tradeable setups Finally zoom into M1 — this is where confirmation happens before entry Ask yourself: Where did the last BoS or ChoCH happen on each timeframe? Is M15 aligning with H4 intent — or contradicting it? Did you enter after M1 confirmation , or based on impulse? You don’t need to predict price. You need to align with it. 🪞 Final Thought: Structure isn’t strategy. It’s the mirror that shows what’s real before your bias speaks. When you master structure, you stop forcing trades — and start flowing with them. 💬 Want more like this? If this post resonated with you — drop a comment below. Let me know what you'd like to dive deeper into — price action, gold setups, market structure, or the psychology behind your trades. I’ll build future tutorials based on what matters to you. 📘 Shared by @ChartIsMirror
OANDA:XAUUSDEducation
by ChartIsMirror
Now We WaitTrading Fam, In my last video, I mentioned how I had been learning to trade more patiently, giving myself those high-quality, high-probability winning trades. This is a perfect time to illustrate that strategy. With our altcoin market overheated, I am expecting more rest, accumulation, and pullback in many of our alts. The selection of even decent entries is very slim. It's time for us to sit back, wait, and let the trades come to us again. The TOTAL chart shows us more clearly what may occur. Let's discuss a few important indicators on this chart. First of all, we see my indicator popped a BUY signal right around 3T. We had a safe bet at that point; we were going to see quite a bit of buying action in the altcoin space. Indeed, we did. The altcoin market increased by about 25 percent and went all the way to 4T, at which point the sellers came back in. Now, we are in the middle of a little bit of a pullback, and I think there could be more to come. I am expecting at least a touch of that rising 50-day SMA, currently at 3.4T. Supporting my thesis here are the crossover of the RSI to the downside of its 14-day MA, the MACD cross, the Chalkin money flow decrease, and the HMV indicating high volume during these sell-offs. Leverage is being liquidated. This is healthy! It is possible that the total market cap could drop even further, all the way down to that 3.24T PoC on the VRVP. That is where we see most of our volume in alts has occurred. Keep these two targets in mind. Once hit, I will begin looking for more trade entries once again. ✌️Stew
CRYPTOCAP:TOTALShort
by stewdamus
EURGBP near the current highest point of 2025.FX_IDC:EURGBP is slowly approaching a strong area of resistance, which is the current highest point of 2025. Let's dig in... MARKETSCOM:EURGBP Let us know what you think in the comments below. Thank you. 75.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
by Marketscom
USDJPY Analysis : Smart Money Setup & MMC Concept + Target📌 Chart Overview: This 4H USDJPY chart presents a multi-phase market structure analysis rooted in MMC (Major-Minor-Central) framework, Smart Money Concepts (SMC), and liquidity mapping. The price is currently trading around 147.39, and the chart outlines two possible scenarios labeled 1 (bullish continuation) and 2 (bearish rejection). 🔍 Key Zones & Technical Elements Explained: 🔹 1. 2x Supply Zone (Support Reaction) Price rebounded sharply from the double-tested demand zone marked around 146.00–146.50. This zone has historical significance and has acted as a base for previous bullish momentum. The sharp V-shaped recovery suggests strong buying interest at institutional levels, hinting at a potential bullish continuation. 🔹 2. QFL (Quick Flip Liquidity) Zone A notable zone where previous bullish structure broke down. It’s now being retested from below. The QFL structure acts as a hidden supply zone or potential liquidity trap. Watch for price rejection here, especially if it aligns with liquidity sweep patterns. 🔹 3. Minor & Major Structural Levels Minor zone: A smaller consolidation and reaction zone—used to observe minor trend shifts or scaling entries. Major zone: Sitting around 148.50–149.00, this is your Next Reversal Zone. It overlaps with a historical resistance area and could lead to a significant reaction. 📈 Projected Scenarios: ✅ Scenario 1: Bullish Continuation Price breaks above the Central Zone and holds. After breaching the minor resistance, it climbs towards the Major Reversal Zone (148.50–149.00). There, we look for: Either a reversal trade setup (liquidity grab + bearish confirmation). Or continuation beyond 149.00, especially if supported by USD strength/fundamentals. 🚫 Scenario 2: Bearish Rejection Price fails to hold above the Central Zone. Rejection at QFL or Minor levels sends the pair back into the mid-147s and potentially down to retest the 2x Supply Zone again. Breakdown from there could lead to a move towards 145.50–146.00, forming a potential double bottom or deeper retracement. 🧩 Technical Insights Summary: Trend Context: Short-term bullish recovery from demand, but macro trend still uncertain. Key Confluence: 2x Supply → Strong demand. QFL + Central → Key breakout/rejection zones. Major Zone → High-probability reversal area. Bias: Neutral to Bullish, favoring Scenario 1 if price sustains above 147.50. Watch for: Candlestick rejections in Major Zone. Break-and-retest behavior in Central Zone. USD-related news near July 30–31 (highlighted below chart).
Long
by GoldMasterTrades
Gold at Key Support – Will Bulls Step In or Drop Continue?🌐 Market Overview Gold has struggled to recover after yesterday's sharp drop, driven by macro-political concerns and profit-taking at recent highs. 🔻 On July 24, former President Trump made an unexpected visit to the US Federal Reserve, sparking speculation that he's pressuring the Fed to cut interest rates soon. While the Fed has yet to make any dovish moves, short-term bond yields dipped slightly, showing growing market expectations for policy easing. The US dollar remains strong, reflecting some skepticism around the Fed’s possible shift despite recent economic strength. 📉 Technical Outlook On the H2 chart, gold still maintains an overall bullish structure. However, it's approaching a critical support level near 3338, which aligns with the VPOC and the ascending trendline. 📌 If this zone breaks, price may rapidly fall toward deeper liquidity zones in the 332x – 329x range. 🎯 Trade Setups 🔽 BUY SCALP (Quick Reaction Play) Entry: 3338 – 3336 Stop Loss: 3332 Take Profit: 3342 – 3346 – 3350 – 3354 – 3360 – 3365 – 3370 – 3380 🟢 BUY ZONE (Deep Buy Area – Long-Term Potential) Entry: 3312 – 3310 Stop Loss: 3305 Take Profit: 3316 – 3320 – 3325 – 3330 – 3340 – 3350 – 3360 – 3370 – 3380 🔻 SELL ZONE (if market retests) Entry: 3374 – 3376 Stop Loss: 3380 Take Profit: 3370 – 3366 – 3360 – 3355 – 3350 – 3340 – 3330 🔍 Key Levels to Watch Support: 3350 – 3338 – 3325 – 3310 – 3294 Resistance: 3374 – 3390 – 3400 – 3421 ⚠️ Risk Note As we head into the weekend, liquidity sweeps are common – especially on Fridays. Be cautious of sharp moves. Focus mainly on scalp setups today. Avoid early long entries unless strong confirmation appears at lower liquidity zones. Always follow your TP/SL strategy to protect your capital.
OANDA:XAUUSDShort
by MMFlowTrading
BTCUSD Analysis (MMC) – Bearish Flow Toward Reversal ZoneThis 30-minute BTCUSD chart highlights a well-structured bearish movement following the MMC (Mirror Market Concepts) framework. The analysis centers around the Black Mind Curve, multiple QFL drops, and supply/demand imbalances, presenting a professional outlook on current price action and potential reversals. 🧠 Black Mind Curve – Mapping Market Psychology The Black Mind Curve is a visual representation of the market’s psychological behavior and serves as a dynamic resistance throughout this structure. Price respected the curvature, slowly losing bullish strength while forming lower highs. This curve mirrors a distribution phase, where smart money unloads long positions before initiating a downside move. Your annotation: “After Break Curve Line Will Go Bullish” implies that unless the curve is cleanly broken with strong bullish conviction, the bias remains bearish. So far, the price is respecting the curve, reinforcing sellers’ control. 🔵 2x Supply Zone – Aggressive Selling Region The supply zone is tested twice, confirming the presence of institutional-level sellers. This zone becomes critical because: First touch: Minor reaction, but no follow-through. Second touch: Strong rejection with extended downside move. The double rejection clearly shows that buyers are trapped, fueling bearish momentum. From an MMC view, this confirms the beginning of the “Mirror Market Shift” — where smart money rotates out of longs and traps retail longs near resistance. 📉 QFL (Quick Flip Liquidity) Events – Momentum Crashes Two major QFL-based breakdowns appear in the chart after price consolidated within ranges. These drops are essential to understand: QFL reflects market structure breaks where liquidity is engineered, and a sharp sell-off follows. The first QFL drop occurs after the curve-resistance rejection, and the second confirms continuation. These are liquidity runs, used to clear stop-losses and maintain bearish pressure. This creates a domino effect — each QFL level becomes a signal of deeper imbalance. ⚠️ Central Zone – No Bullish Pattern Detected The Central Zone marks a temporary support or midpoint level — a place where price might find footing if buyers show up. However, as you noted: “We Can See No Bullish Pattern On Central Zone” No bullish engulfing candle. No pin bar rejection. No spike in volume. No market structure shift. This confirms that buyers are either weak or absent in this zone. MMC traders use this info to stay with the dominant trend (bearish) until proven otherwise. 🟩 Next Reversal Zone – 114,157.68 (Critical Demand Zone) The green zone marked as “Next Reversal Zone” is a key level to monitor: This area aligns with historical demand, where BTC previously reversed or slowed down. Price is likely to hunt liquidity below recent lows before a potential bullish reaction. It’s a Smart Money zone — designed to trap breakout sellers and absorb volume for a reversal. Traders should watch for: Bullish engulfing patterns Break of structure to the upside Divergence with RSI/volume Sweep and reclaim setup Once the price enters this zone, MMC reversal tactics come into play — buyers may step in aggressively here. 📅 Fundamentals & Timing At the bottom of the chart, we see upcoming U.S. economic news events, which can act as volatility catalysts. Price could reach the reversal zone just before or during high-impact news, which aligns perfectly with smart money manipulation. Be cautious of fakeouts around news time. Confirmation is key before entry. 🧭 Final Outlook & MMC Strategy Trend Direction: Bearish until 114,157.68 zone is hit. Momentum Drivers: QFL drops, strong rejection from 2x supply, absence of bullish signals. Key Watch Level: 114,157.68 – wait for MMC reversal pattern here. Invalidation: If price breaks and closes above the Black Mind Curve with volume. 📌 Trade Idea Summary (For Caption Use): BTCUSD respecting MMC Black Mind Curve. 2x Supply Zone triggered QFL breakdowns. No bullish confirmation at Central Zone. Eyes on Next Reversal Block near 114,157.68. Watch for reaction and potential reversal setup. #SmartMoneyMoves
CRYPTO:BTCUSDShort
by GoldMasterTrades
GOLD: clean pullback - now let’s see if support holdsGold continues to trade within an ascending channel on the 4H chart. After a local high, the price pulled back and is now approaching the key zone at 3333–3335. This area lines up with the 0.79 Fib retracement, the lower channel boundary, and a major volume cluster — a classic confluence zone. If buyers show up here and we get a bullish reversal candle, this becomes a valid long setup with a tight stop just below the level. First target is 3373 (0.5 Fib), followed by a potential retest of the high near 3439. The structure remains intact, the pullback is orderly, and volume supports the move. As long as the channel holds - the bias stays bullish.
TVC:GOLD
by TotoshkaTrades
SPK Market Update – Key Levels Ahead 🚨 SPK Market Update – Key Levels Ahead 🔄📉📈 SPK previously formed a bearish Head and Shoulders pattern, which was confirmed by a breakdown. So, what’s next? 🔹 Option 1: Price could move down to the two blue support levels — these zones may offer potential long entries, as buyers were active here before. Watch for confirmation! 👀 🔺 Option 2: We also have a red resistance zone, located around the right shoulder of the H&S. If INDEX:SPK breaks above this zone, it may signal the return of buyers and a potential bullish reversal.
by WaveRiders2
#NIFTY Intraday Support and Resistance Levels - 25/07/2025Nifty is expected to open with a slight gap-down and is currently trading within a tight consolidation zone between 24,950 and 25,050. This narrow 100-point range has acted as a critical zone over the past sessions, indicating indecision and low conviction among traders. A sustained move above 25,050–25,100 may provide a long opportunity with potential upside targets of 25,150, 25,200, and 25,250+. Strong bullish momentum will only be confirmed if Nifty manages to close above 25,250, which may push the index further toward 25,350–25,400 in the coming days. On the other hand, a breakdown below 24,950 will shift the bias toward bearishness. A short setup could then target 24,850, 24,800, and 24,750- levels. Until then, expect sideways price action between 24,950 and 25,050. Traders should wait for a breakout or breakdown before entering fresh trades. Avoid aggressive entries inside this tight band.
NSE:NIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(25/07/2025)Bank Nifty is likely to start the session with a slight gap-down, hovering just below the 57,050–57,100 resistance zone. This zone has been acting as a critical barrier over the past sessions, and until it's breached, upside momentum may remain capped. A strong bullish move can be anticipated above 57,050, where call option buying is favored. If Bank Nifty sustains this breakout, we can expect a continuation rally toward 57,250, 57,350, and 57,450+ levels. This would mark a short-term trend reversal and signal fresh bullish interest. On the downside, weakness may resume if the index breaks below the 56,950 mark. A sustained move below this could trigger a quick correction targeting 56,750, 56,650, and 56,550- levels, offering good opportunities for put option buyers.
NSE:BANKNIFTY
by TradZoo
XAUUSD – healthy correction, ready to bounce from 3,338Gold is retracing within an ascending channel after facing rejection at the FVG zone near 3,402.800. This pullback is seen as a healthy correction, with confluence support around 3,338, which previously acted as a springboard for bullish momentum. As long as price holds above this zone, a rebound toward 3,402 remains likely. Primary scenario Buy zone: 3,338 Target: 3,402 Invalidation: Break below 3,320 Note Weak volume near the FVG zone may cause short-term consolidation, but the broader trend still favors buyers.
OANDA:XAUUSDLong
by Rocky_trade_
EURUSD – The Comeback is Real! After weeks trapped in a descending channel, EURUSD has broken out in style, launching into a clean bullish channel. Price is now carving a staircase of FVG zones, with momentum clearly favoring the bulls. What’s fueling the fire? Flash Manufacturing PMI from Europe beat forecasts Eurozone consumer confidence improved Markets pricing in dovish Fed as jobless claims dropped but inflation expectations stall As long as price stays above 1.1750 and respects the ascending channel, the 1.1850 zone is well within reach. Strategy: Buy the dips inside the bullish channel. FVGs act as stepping stones for further upside.
Long
by Rocky_trade_
GBPAUD – False breakout or the next sharp drop?The GBPAUD pair continues to trade within a well-defined descending channel, with every bullish attempt being firmly rejected by the descending trendline. Recent candlesticks show a clear sell signal right at the FVG resistance zone. Market-moving news: Australia’s manufacturing PMI surprised to the upside → strong support for AUD GBP remains under pressure after dovish comments from the BoE, diminishing hopes of further rate hikes. If the price fails to break above the 2.0640 zone — creating yet another fake top — a sharp drop toward 2.0400 is highly likely. Strategy: Look to SELL near the trendline and FVG zone, targeting 2.0400.
Short
by Rocky_trade_