The Neutral Triangle pattern. - Either e-wave is still in making if down move continues. - But Breakout upside looks imminent.. completing the neutral triangle pattern. The upside breakout should retrace e-wave in lessor time.
XAUUSD is moving towards the 50% retracement per analysis. If it breaks the 50% then down to 62%. Overall, XAUUSD is still in an up trend which can't be ignored. A correction is necessary.
We're forming a new base through accumulative buying. Here is our next target.
Since gold have pumped like no tomorrow, we are expecting a healthy fullback. One good tool to look for a turn, is the VWAP. And, as you can se, we are long over due for a meeting.
I have not backtested this strategy and to use the "REPLAY" button would costs me some money so you can say, it is biased since the candles were already formed ahead. Strategy - Time frame - 1H Risk/Reward - Keep to 1:2 strictly Example : Trade Setup 1 11 Apr 25 candles closed above 10 Apr 25 - LONG SL at closing of 10 Apr Profit target - 1 : 2 You can see that you are stopped out AFTER you set up Trade set up 2 (21 Apr red candle), ie 10 days later , you are in a LOSS position. Trade setup 2 - Long on 17 Apr got stopped out on 21 Apr when it gapped down. See the power of having a SL else your losses will magnified overnight!!!! So in this chart, there were 5 trades, 3 in profits and 2 in losses. Overall, you gained because your rewards are 2x so in this case you won 3 multiply by 2x = 6x but your losses are 1x or 3 multiply by 1x= 3x so nett off you gained 3x I would avoid using leverage to trade and keep to the strict rules of 1- 2 trades per week and strictly 1:2 risk/reward ratio. Of course , if you manually watch the chart live (meaning you need to stay awake to glue on the computer) you might gained more than 1:2 risk/reward but that is not the essence of this strategy. Keeping the frequency low tame your emotions (greed) of increasing your position size and risk/reward. What you want is CONSISTENCY not huge spike up and down. Don't think you can make 5x in a day and go on holidays for the next few days. You gotta put in the work (sufficient charting skills allow you to be more nimble and confident but not to inflate your ego by excessive trading). I suggest paper trade for a good 1-2 months and see the results yourself BEFORE you say it work or doesn't. Paper trade is good especially for beginners but once you surpassed this stage, I think using your own money to trade is the real game. Staring at 10% loss is very real and some can take it well while others can't handle it and will manually adjust the SL or PT to modify the strategy. Keep it simple until you gained consistent profits. As usual, please DYODD
We are hunting the next buyzone already. The correction zone is printing now. This is how you accurately forecast your next entry ahead of time. Learn how corrections should work. Long below higher time frame (Hourly/Daily/Weekly) lows is the name of the game. This should be easy work, and you can feel free to look for longs below 15m lows on the way to the targets above. Once we hit those, we should look for correction after closing below hourly candles, the same way we were able to freely take long after close above hourly candles today just as I prescribed while it was dropping. This is just the rules of the game ? gotta be sharp enough to observe them and trust the mechanics. Thanks for tuning in
Summary: Intraday sentiment remains bearish, so the base strategy is to sell on resistance pullbacks. Long positions should only be considered at key levels with good risk-reward setups. Preserve capital and always use Stop Losses. Key Levels to Watch: 3268: Resistance 3260: Key intraday resistance 3245: Resistance 3233: Support 3210–3220: Support / volume accumulation zone 3200: Psychological round number 3187–3193: Key support zone Short-Term (15m) Trading Strategy: For Shorts: Enter a SELL if price breaks below 3239. → Watch 3236, then 3233, 3227, and 3220. For Longs (RISKY): Enter a BUY only if price holds above 3246. → First target 3248, then 3250, 3252, and 3260. ? If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support! Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
? ? Ticker: Pfizer, Inc. (NYSE: PFE) Chart: 30-Min Timeframe Pattern: Ascending triangle breakout continuation ? Entry: $24.38 (breakout from consolidation + trendline support) ? Stop-Loss: $24.01 (below ascending trendline) ? Take Profits: TP1: $24.89 – Gap-fill resistance zone TP2: $25.55 – Measured breakout target ⚖️ Risk-Reward Calculation: – Risk/Share: $0.37 – Reward to TP2: $1.17 – R:R Ratio: ~1:3.1 ✅ ? Technical Highlights: – Clean breakout from ascending triangle pattern – Strong move with steady volume support – Price reclaiming key resistance with bullish follow-through
LSE:JUP 1D Technical Analysis LSE:JUP broke out of the descending channel and made a retest on $0.44, the news earlier gave buyers the last opportunity to get in this trade, Most traders have accumulated a lot of LSE:JUP on Spot trading but I prefer futures. $1 is imminent, trade with caution as I’m not a financial advisor.
? ? Ticker: Structure Therapeutics Inc. (NASDAQ: GPCR) Chart: 30-Min Timeframe Pattern: Rising wedge breakdown ? Entry: $26.90 (break below rising wedge support) ? Stop-Loss: $28.50 (above wedge resistance zone) ? Take Profits: TP1: $24.46 – Previous support TP2: $21.89 – Measured breakdown target ⚖️ Risk-Reward Calculation: – Risk/Share: $1.60 – Reward to TP2: $5.01 – R:R Ratio: ~1:3.1 ✅ ? Technical Highlights: – Breakdown from rising wedge near resistance – Bearish rejection from $28.50 zone – Strong downside momentum with volume shift