EURGBP INTRADAY oversold bounce back capped at 0.8385 The EUR/GBP pair continues to exhibit bearish sentiment, reinforced by the prevailing downtrend. The key intraday resistance level is at 0.8385, marking the current swing high. Bearish Scenario: An oversold rally from current levels, followed by a bearish rejection at 0.8385, would likely target downside support at 0.8340. A break below this level would open the door for further declines toward 0.8307 and 0.8260 in the longer timeframe. Bullish Scenario: Alternatively, a confirmed breakout above the 0.8385 resistance, accompanied by a daily close above this level, would invalidate the bearish outlook. This would pave the way for further rallies, with the next resistance levels at 0.8420 and 0.8460. Conclusion: The prevailing sentiment remains bearish as long as 0.8385 holds as resistance. Traders should watch for rejection at this level to confirm downside momentum. Conversely, a decisive breakout above 0.8420 would signal a potential shift to a bullish bias, targeting higher resistance levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Bitcoin continues to coil within the symmetrical triangle on the daily chart, now approaching the apex with growing tension. Price was sharply rejected from both the 50-day and 200-day moving averages, but critically – it held diagonal support. That alone keeps the structure intact and the potential for a breakout alive. Volume ticked up slightly, showing there’s still life in this move. Until the lower trendline gives way, this remains a neutral-to-bullish consolidation pattern. A clean break above the descending resistance would likely ignite a new leg up, especially if confirmed with volume. Conversely, a break below support would invalidate the higher lows and flip the bias bearish. With both moving averages pressing down and support refusing to break, Bitcoin is playing a game of tug-of-war – and the winner could set the tone for weeks to come.
1. Chart Overview This 4-hour (H4) chart of Silver (XAG/USD) shows a clear Rising Wedge Pattern, a bearish technical formation. The price action recently broke below the lower support trendline, confirming a downside move. Several key levels, indicators, and trading strategies can be derived from this setup. 2. Identified Chart Pattern: Rising Wedge (Bearish Reversal) A Rising Wedge is a pattern that forms when price consolidates between two upward-sloping trendlines, with the support line rising at a steeper angle than the resistance line. This pattern is considered bearish because it signals weakening buying pressure and an impending breakdown. Uptrend Formation: The price had been moving within a wedge, forming higher highs and higher lows. Volume Considerations: A wedge breakout is often accompanied by increasing volume, further confirming the trend shift. Breakout Confirmation: The price has decisively broken below the lower boundary of the wedge, indicating that sellers are taking control. 3. Key Technical Levels & Trading Strategy Resistance Level (Rejection Zone) – $34.00 - $34.50 The upper boundary of the rising wedge acted as strong resistance. Multiple price rejections confirm sellers' dominance in this area. Any future retest of this level may provide a new opportunity for short entries. Support Level (Broken & Retested) – $32.50 - $32.80 This zone previously acted as strong support, preventing price from falling lower. Now that price has broken this support level, it could act as resistance if a retest occurs. A confirmed rejection here will further validate the bearish outlook. Stop Loss Placement – $34.16 A logical stop-loss placement is slightly above the previous swing high and resistance area. If price moves above this level, it would indicate that the breakdown has failed, invalidating the bearish setup. Bearish Target – $30.76 (Measured Move Projection) This level is derived from the height of the rising wedge pattern projected downward. The area around $30.76 aligns with a previous support zone, making it a reasonable target for the current breakdown. 4. Price Action & Future Expectations Current Market Sentiment: Bearish The break below the wedge confirms a bearish sentiment. A slight retracement to the previous support (now resistance) around $32.80 - $33.00 is possible before further downside. If selling pressure remains strong, Silver is likely to reach the $30.76 target in the coming sessions. Alternative Scenario: Bullish Recovery If the price moves back above $34.16, the bearish outlook is invalidated. A sustained move above this level could indicate a false breakdown and may push Silver toward new highs. 5. Trading Plan Based on This Setup ? Entry Strategy: Look for a retest of the broken support zone ($32.80 - $33.00) to enter short positions. A rejection from this level with bearish confirmation (e.g., a bearish engulfing candle) strengthens the trade setup. ? Stop Loss: Placed above the wedge resistance at $34.16 to protect against false breakouts. ? Take Profit Targets: First Target: $31.50 (intermediate support level) Final Target: $30.76 (measured move projection of the wedge) 6. Conclusion This Rising Wedge Breakdown on Silver’s H4 chart presents a strong bearish trading opportunity with a well-defined risk-reward ratio. The break below key support signals continued downside, with $30.76 as the next major target. However, traders should monitor any retest of the broken support zone to confirm further selling momentum before entering new positions.
1. Market Reaction at the 3100.00 Level: The fact that the price has reached the 3100.00 level and then formed a Dragonfly Doji suggests that this level is significant. It could be a psychological level or a key support/resistance zone. The Dragonfly Doji forming at this level implies that sellers were trying to push the price lower, but buyers managed to push the price back up by the end of the session. This shows a rejection of lower prices, indicating potential bullish pressure. 2. Dragonfly Doji – Bearish to Bullish Reversal: The Dragonfly Doji pattern is often interpreted as a potential reversal signal, especially after a downtrend or when the market has been moving lower. The long lower shadow indicates strong buying interest, and the small body at the top shows indecision or a shift in control from bears to bulls. 3. Entry Strategy – Go Long After the Doji Closes Above Its High: Confirmation: To avoid a false signal, it's crucial to wait for confirmation. The confirmation comes when the price closes above the high of the Dragonfly Doji. Why Above the High?: When the price closes above the high of the Dragonfly Doji, it signals that the bulls have gained control and that the market is likely to continue moving upward. The high of the Doji acts as a resistance point, and breaking above it confirms that the bulls are in charge. Risk-Reward: Entering after the break above the Dragonfly Doji provides an opportunity to enter a trade with more certainty. You can then place your stop loss just below the low of the Dragonfly Doji (which acts as a support level), giving you a clear and manageable risk level.
The moving average system on GT’s chart shows a bullish alignment, with short-term averages above long-term ones and widening gaps, a classic characteristic of an upward trend.
GT’s recent pullback found strong support with limited downside, indicating robust buying interest that has accumulated energy for further gains.
The Swiss stock market index is mirroring its global counterparts, such as Germany 40 and US100, experiencing a sharp decline following the announcement of new tariffs by the Trump administration yesterday. In response, we placed a sell order at 12,350, aiming to profit from the prevailing risk-off sentiment. Investors are offloading stocks, shifting towards safe-haven assets due to increasing market uncertainty. From a technical standpoint, a death cross has emerged—historically a strong bearish signal. Additionally, two consecutive Fibonacci retracement levels, which typically provide solid support, have failed to hold. Given this, we anticipate further downside toward the 61.8% Fibonacci retracement level, which often serves as final support. Therefore, our take-profit (TP) is set at 12,000, aligning with this level. For risk management, we have a stop-loss (SL) positioned 2% above our entry price, ensuring a controlled risk-reward ratio. With fundamentals and technicals aligned, we expect continued downward momentum in the Swiss stock market index in the short to mid-term.
NASDAQ:GT on the daily is hugging the Ichimoku Cloud top at $12.25. A breakout above could signal a strong uptrend, targeting $13—prior resistance. The Tenkan-sen crossed above the Kijun-sen, a bullish cue. Volume is steady, not screaming conviction yet. If it dips into the cloud, $11.90 (cloud base) is support—below that, $11.50. RSI at 61 favors bulls but isn’t decisive. Long above $12.30, stop at $12, or short below $11.90 targeting $11.50. Clean setup with Ichimoku—wait for the break. NASDAQ:GT ’s tire market exposure could juice this move. What’s your read?
Investor attention and confidence in GT are rising, and this positive market sentiment often drives stock prices higher.
✈️ Aviation-Themed Trading Captions "Every flight needs a runway — the market is just taxiing before takeoff." "Before soaring to 179.8, it’s just aligning on the runway. Fasten your seatbelts!" "Just like a Saudi Airlines jet — a slight dip for alignment, then full throttle to the skies!" "Descending slightly, not to fall — but to gather momentum for liftoff!" "Markets, like planes, don’t take off from mid-air — they need the runway first." "Runway 102.8 cleared. Destination: 179.8. Ready for takeoff!" "Don't fear the pullback — it's just taxiing before liftoff." "From the runway at 102.8, straight up to cruising altitude 179.8 — fasten your trading seatbelts!"