USDCAD Breakout Analysis February 4, 2025 Technical Setup: Breakout Trade Breakout confirmed after consolidation period Previous resistance becoming support Trade setup Clear break above consolidation range Strong momentum after breakout Higher highs forming after breakout Trade Opportunity Entry: Support zone after break out Stop Loss: Below breakout level Targets: floating profit to catch major bullish trend
First sup 0.003695 First target 0.013201 Sec target 0.019076 150_270%
There was a daily uptrend and a daily retest, but it failed to give a higher daily high. Within the new printed daily, there are 4hr lower highs being formed
Hi All Traders Here is My XAUUSD GOLD Forcast Lets see and share your ideas in comments i will be Glad ? XAUUSD Outlook Pattern in BUY side from 2816 and nice way to moving buy side if the price will move at 2805 support after pull back to the resistance s shows in the charts ?Key Points Support Level 2805 Resistance 2830/2850 Here is Key points to take profit with scalping Mood ?
Only a matter of time when real shorts come into affect and start to come back for major institutional positions since going long. Vector and gap recoveries within time and subject to overall market performance and narratives
The pair moved sharply lower as expected yesterday till morning, and then it spurred up with same vigorous character. I feel we should not rush into anything, but suspect over the coming sessions, we will see higher again. the key is get into it lower levels, when seen. Strategy RANGE 18.6350 - 18.9875 for now, but prefer BUY into weakness of USD.
Fundamentals: Canada looks better as it could settle some solution with Trump Europe can't politically and economically agree on buying US cars and agriculture Technicals: EURCAD is in the range between 1.5113 and 1.4283 and hit the top of it recently. Hence, odds are in favor of sell supporting fundamentals above. Trade setup: Short current (1.4907) Stop 1.5301 Take profit 1.4283 (anywhere below 1.44)
https://www.tradingview.com/x/4Ju0khRp/ EURUSD may drop from a key intraday/daily horizontal resistance. I see a nice inverted cup & handle pattern and a breakout of its horizontal neckline as a confirmation. Goal - 1.0253 ❤️Please, support my work with like, thank you!❤️
Analysis Overview: #Bitcoin has recently shifted from a bearish trend to an uptrend, forming higher highs (HHs) and higher lows (HLs) on the 1-hour timeframe. Currently, #BTC is developing an AB=CD pattern, signaling a potential continuation of the bullish momentum. Key Observations: ✅ Uptrend Confirmation: Price action is forming consistent HHs and HLs. ✅ AB=CD Pattern: Price is aligning with the classic harmonic formation. ✅ No Bearish Reversal Signs: No significant bearish divergence or trendline break. ✅ Entry Strategy: Waiting for HLs to form and price to complete the AB=CD structure. Trade Plan: ? Entry: At the completion of the HL and AB=CD pattern. ? Stop-Loss: Below the previous HL to minimize risk. ? Take-Profit: Near key resistance levels or Fibonacci extensions. ? Risk Management: 1:2 or higher risk-to-reward ratio. Conclusion: If the AB=CD pattern completes successfully, we can expect #BTC to continue its bullish move. However, waiting for confirmation and applying proper risk management is crucial to avoid potential reversals. ? Let me know your thoughts in the comments! Do you see any additional confluence?
? KUCOIN:ONDOUSDT Greetings, traders! On the 2-hour chart of ONDO/USDT, the fifth wave of an Elliott Wave uptrend appears to be forming, presenting a potential long trade opportunity. I've identified a potential entry point above $1.4400, with the following targets: Target 1: $1.6200 Target 2: $1.7000 My stop-loss would be placed in the range of $1.3000 to $1.3200. Disclaimer: This is not financial advice. Trade at your own risk.