EURGBP: Bullish Harmonic Pattern in a Strong Zone EURGBP has completed a bullish harmonic pattern within a robust zone. Despite this, the likelihood of the price testing the entire red zone remains high. It's crucial to be careful and closely monitor the price's reaction. Key resistance zones for the harmonic pattern are 0.8307, 0.8335, and 0.8370. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
https://www.tradingview.com/x/APqP3SOV/ Here is our detailed technical review for GBPUSD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.261. The above observations make me that the market will inevitably achieve 1.268 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FX:AUDUSD market continues to make higher highs, indicating that bulls are in control. The price has formed a range zone near last week's high, and there is a chance it may break above and reach higher levels. The market formed a small pause before continuing, as the price closed above the psychological level of 0.63000. On the daily timeframe, the price took liquidity below the previous day's low, and the subsequent move higher demonstrates bullish dominance. I expect the price to move toward the upper border of the channel. My goal is resistance zone around 0.64380 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
https://www.tradingview.com/x/xdUDfdgZ/ BLACKBULL:GBPJPY Sell bias on 4H. Waiting for a break and retest below asia low (bottom), or a rejection from yesterdays London low (top). Could be a no trade day as these zones are very far away. London zone above about 100 pips and asia low about 70 pips.
RDNT is testing the red resistance zone ?. If it breaks out successfully, the next target is the green line level ?
Based on the daily chart for GRASSUSDT on Bybit, here's a concise analysis: MLR vs. SMA: The MLR (blue) is above the SMA (pink), indicating a bullish trend. MLR vs. BB Center: The MLR is above the BB Center Line (orange), suggesting bullish momentum. PSAR: The PSAR dots (black) are under the price, confirming a bullish trend. Exception: There is no 200-period SMA available to guide us on the long-term trend, so proceed with caution. Current Strategy: Since all entry conditions for a long position are met (MLR above SMA, MLR above BB Center, PSAR under price), you might consider entering a long position. Stop Loss (SL): Set the stop loss at the current level of the PSAR dots to manage risk. Monitor My Idea: Keep monitoring my idea for any changes in trend or for potential profit-taking opportunities. Thank you!
NIFTY 50 VIEW : KEY PONITS AND CONFIRMATIONS : Monthly - Uptrend ( Higher Low ) Weekly - Take Support at 22500 - 22750 Pattern - Falling Wedge Formed Indicator - RSI - 30 Level Maintain . Chance to buy SETUP : Wait for Pattern Breakout and 23800 Resistance Level. More details and Level noted the chart . Thank you , Happy Trading ...
I think I am taking double position on selling JPY... Whatever. Doesn't matter what happens since in the end everytime, over the long run, I end up being a loser. So, just let it be. 1632SGT 20022025
# Technical Analysis: Eastern & Oriental Bhd (E&O) - Potential Bullish Reversal Pattern Looking at the E&O chart (ID: MYX), I can see that the stock is currently trading at 0.845 MYR, up 0.030 (+3.68%). The chart shows several key technical patterns and trade setups: ## Current Position Analysis - Trading near support at 0.845 MYR - Open position: 2,105 shares - Target price: 1.105 MYR (+30.18%) - Stop loss: 0.755 MYR (-11.24%) - Risk/Reward ratio: 2.68 (favorable) ## Technical Indicators The price action is currently showing signs of a potential reversal, with: 1. Multiple moving averages beginning to flatten and potentially cross 2. Price testing a horizontal support zone (highlighted in blue) 3. Recent bounce from support with increased volume ## Long-Term Perspective The chart displays a complete market cycle from 2023-2025: - Strong uptrend through late 2023 into early 2024 - Distribution phase in March-April 2024 - Downtrend through mid-2024 - Current consolidation/potential accumulation phase ## Trading Signals Several key sell signals were triggered at the top, with more recent buy signals appearing near support. The drawn trendlines suggest a large descending triangle that may be resolving to the upside if support holds. ## Outlook The current setup appears to be forming a potential inverse head and shoulders pattern with: 1. Left shoulder (October-November 2024) 2. Head (December 2024-January 2025) 3. Right shoulder forming now (February-March 2025) If price breaks above the neckline with increased volume, the measured move target of 1.10 MYR appears reasonable, aligned with the charted target price of 1.105 MYR.
?Hello traders, let's review the H6 chart for GBPCHF today. Trading near premium prices of the multiweek range, closing in on heavy S/R Currently risk/reward is shifting in bears favor, so it's recommended to look for sell side setups in GBPCHF. ?Heavy overhead mirror S/R zone at 1440/1460 expecting reversal from overhead resistance. current bid is 1380so final push required before we can get a decent entry on sell side. ?Recommended strategy for GBPCHF traders: short any rips/rallies near S/R 1440/1460 price is currently trading near premium levels and is almost maxed out already, limited upside. TP1 bears 1260 TP2 bears 1230 pips final exit 1230 +200 pips. This is a swing trade setup so naturally will take more time to complete / hit targets. good luck traders! ?Please hit the like button and ?Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.