Hey everyone! I’m watching XAU/USD (Gold) closely as it’s just tapped into a significant resistance zone (that green box). The price had a strong move up into this area, but I’m anticipating a possible reversal from here. That’s why I’ve drawn that curved arrow indicating a potential drop. If the price starts to retrace, I’ll be looking for it to head towards...
Hey everyone! I’m keeping a close eye on GBP/JPY right now. As you can see, the price has reached a key resistance zone (that upper blue box), where we’ve seen sellers step in before. I’m anticipating a possible reversal from this level, which is why I’ve drawn that curved arrow showing the potential drop. If the price starts to decline, I’m targeting the lower...
this zone is very weak due to multiple touches but there is a short scalp opportunity here.
I'm seeing a possible reversal setup. The price has hit a demand zone around 162.202, which is marked by the purple area. After a sharp decline, there appears to be a potential for a bullish reversal.
i Got 300 pips this morning, and EUR/JPY looks good to continue selling. I'll be monitoring this zone for continuation sells.
In this trade idea for XAU/USD on the 30-minute chart, I identified a potential short setup. The price is approaching a significant supply zone around 2394.070, highlighted in purple. I anticipate a reversal in this area, with a possible drop to lower levels. Volume analysis shows a decline in buying pressure, supporting the likelihood of a bearish move....
gbpjpy both entries hit our tp check my earlier analysis entry 1 - 165 pips entry 2 - 123 pips
Hey Traders, Here's a detailed look at my EURJPY setup on the 15-minute chart. Market Context: The pair has been moving sideways after a significant drop, suggesting potential accumulation before another move. Key Levels: Resistance Zone: 167.234 - This is a critical resistance level where the price has previously turned down. Support Zone: 166.362 - This...
gold hit 70 pips tp as I had stipulated in my earlier analysis
my first entry is in 50 pips currently and all stops moved to entry just entered my second entry according to my earlier gbpjpy analysis. disclaimer: your trading decisions and their outcomes are your responsibility alone. Trade safely and wisely!
Hey traders, here's my analysis on Gold (XAUUSD): I see an interesting setup on the gold chart that I think warrants our attention. Here's what I'm looking at: Recent Action: We've just seen a strong rally in gold, followed by what looks like consolidation and a bit of pullback. This is often a healthy sign after a big move. Support Levels: I've marked two key...
Supply Zone Identified: The pink highlighted area at the top of the chart represents a supply zone. This is where sellers have shown dominance in the past, and we expect potential selling pressure to emerge again. Demand Zone Identified: The blue highlighted area at the bottom represents a demand zone. This is where buyers have previously shown interest, and we...
gold had been retracing in a compression. time to move
I was asleep so I missed the 1st entry I just entered sl 30 pips tp 120 pips
Analysis: 1. Supply Zone: We identified a key supply zone at the top of the chart, where sellers were expected to enter the market. 2. Early Sellers: As price approached the supply zone, some sellers entered early, causing a brief pullback then market reversed hitting stop losses and break evens. 3. Breakout Trap: Price then broke above the supply zone, likely...
AUDUSD looks at the downside as it breaks a weekly trendline and forms a head and shoulder pattern. Look for breakouts to enter this pair.