Sober_Trading

Sober_Trading

The Dollar Index (DXY) has experienced two significant bullish legs followed by pullbacks. Currently, it is at the end of the most recent pullback. Notably, the falling momentum appears to be weakening, as evidenced by the shorter and less intense downward legs during the pullback phases. This weakening momentum suggests that the bearish pressure may be subsiding,...

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The EURUSD chart indicates a potential bearish movement. The recent price action suggests that the pair is experiencing a weakening of the bullish momentum. After reaching a recent peak, the price is showing signs of a downward trend, indicating a possible decline towards the highlighted support zone around 1.08400. The price action around this level is crucial;...

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The current XAUUSD chart shows that gold is approaching the final stages of its trading range cycle, indicating a potential bearish breakout. The chart reveals a series of lower highs and consistent tests of the support zone, suggesting weakening buying pressure. The resistance zone, highlighted in red, has successfully rejected price advances multiple times. We...

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Silver was in a bullish trend, and this descending channel can act as a bullish flag. The bottom of it can be good support for silver. As you can see on the chart, XAGUSD had a perfect reaction to that zone, indicating it can rise more.

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Bitcoin is rising within this ascending channel. Do you think it can reach the top of the channel? This could mean a new ATH around $75K! 🚀

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As you can see, XAUUSD responded perfectly to the trading range zones and is moving smoothly within the channel. The price of gold couldn't consolidate under the support zone and experienced a fake breakout, leading to a rise. Consequently, it has now moved upwards and has the potential to continue rising further. Keep an eye on the resistance zone for any...

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XAUUSD has completed its third bullish leg, driven by the recent news of Iran's president's death. Now, it looks poised to enter a pullback phase. Scalpers can consider taking advantage of sell opportunities during this correction. However, it's important to remember that selling in a strong bullish trend carries inherent risks. Always use proper risk management...

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XAUUSD has broken the downtrend line and successfully crossed it, followed by a perfect pullback. This suggests potential bullish momentum. Now, the price is poised to rise towards the resistance zone around $2365. For a sustained upward movement, we need to analyze the price response at the resistance zone. If it breaks above this resistance convincingly, it...

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These are important zones and trendlines on the BTC chart. Bitcoin is currently within an ascending channel and is moving towards the bottom of this channel. The Liquidation Heatmap chart highlights a significant liquidity zone just below the $65910 level. BTC is likely to target this liquidity, potentially driving the price downward to capture this value. This...

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The WTI Oil 4H chart displays a classic bullish reversal pattern, often referred to as the "three pushes" or "three drives" pattern. This pattern is characterized by three distinct attempts by the market to push lower, each attempt being met with increasing buying interest. The current setup shows that after three downward pushes, the price has started to rebound,...

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The recent price action in the Dow Jones (US30) shows a potential buying opportunity after a significant drop. To manage risk effectively, it's essential to make this buy position risk-free by moving the stop-loss to breakeven or into profit. This approach ensures that even if the market reverses, you will not incur a loss on this trade. With the current setup,...

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The CKBUSDT 4-hour chart indicates a significant breakout above a long-term descending trendline, suggesting a potential bullish reversal. The price action has successfully breached this resistance, signaling a shift in market sentiment from bearish to bullish. This breakout is accompanied by increased volume, which adds credibility to the upward...

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Stops and liquidity have been hunted above the resistance zone, suggesting that gold (XAUUSD) can continue its downward trajectory towards the $2315 level. The chart shows a bullish trendline, and a break below this trendline will serve as a confirmation for initiating sell positions. This break would indicate a shift in market sentiment, reinforcing the bearish...

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The Dow Jones has recently captured liquidity above the previous high, as indicated by the sharp move and subsequent rejection from the highlighted resistance zone. This failure to consolidate above the resistance suggests that the bullish momentum has temporarily exhausted, and we could see a retracement. The price is likely to pull back to the green support...

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The XAUUSD (Gold) is currently displaying a bearish momentum, as evidenced by the highlighted zones of downward price movement. The chart indicates that the price is forming a second leg of the downtrend. Should this pattern continue, it is anticipated that XAUUSD will break below the $2400 support zone. Traders should monitor this level closely, as a breach could...

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In the 4-hour and daily time frames, EURUSD shows potential for further decline and correction. On the 15-minute time frame, it presents a prime opportunity for scalpers to capitalize on selling. The chart illustrates a bearish trend with a potential downward movement highlighted, suggesting a strategic entry point for short-term traders.

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Keep your eye on this trendline. AUDUSD has experienced a three-leg rise, forming an ascending trendline. A break of this trendline could be a good sign for sellers to achieve significant gains, potentially pushing the price down to the last pivot support zone. Watch for confirmation of this break to identify potential entry points for short positions.

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The AXSUSDT 4-hour chart indicates a significant bullish breakout from a descending triangle pattern, typically a continuation pattern but here suggesting a reversal. The price has breached the upper trendline of the triangle, signaling a potential upward movement. The target for this breakout is set at approximately $9.40, as depicted by the green highlighted...