In this detailed analysis of the GBP/USD pair on the 1-hour timeframe, we explore potential intraday reversals and breakout points that could offer significant trading opportunities. Our chart highlights crucial support and resistance levels, where the currency pair has shown historical responsiveness. These levels are identified at 1.2570 and 1.2580, marking key areas for potential entry or exit. We've delineated a predictive path using a triangular pattern to project future price movements. This pattern suggests an initial rally to test upper resistance, followed by a sharp decline and a subsequent recovery. Such movements are typical of harmonic patterns observed in forex markets, where price symmetry and market psychology often dictate movement. Key Features of the Analysis: Support and Resistance: Identified critical points that have historically influenced GBP/USD price movements. Predictive Path: A blue triangular formation forecasts the expected price trajectory, emphasizing potential buy and sell zones. Trade Indicators: Annotations like 'IDM' and 'BOS' are used to denote Intraday Momentum and Break of Structure, respectively. These indicators help in pinpointing the likely moments for momentum shifts and structural breaks in the price chart. Trade Recommendations: Buying Opportunity: Around the 1.2580 resistance level following a breakout signal. Selling Point : After the price fulfills the upper trajectory of the triangle and shows signs of reversal. This analysis is intended for traders looking for dynamic entry and exit points within a fluctuating forex market. By understanding the patterns and indicators outlined, traders can enhance their strategies to capitalize on the inherent volatility of the GBP/USD pair.
The fractal of December 2023 and the situation on the chart now, in my opinion, are very similar. On the third chart, I displayed the moving EMA-25 on a 3-Day TF, there you can see that the price falsely broke through it in December 2023 and then began to grow by 80%
hi trader's. What do you think about bitcoinusd Current price: 95000 Bitcoinusd respect resistance zone yesterday market drop and touching 93500. Bitcoinusd breakout 93500 so bitcoinusd fall down demand zone 90500. Resistance zone: 95000. 96000 First support: 92500 Demand zone 90500 I placed the remaining target in the details in the chart Please don't forget to like comment and follow
Short-Term Trade Description for XPR (Proton Network) Entry Level: $0.00135 Exit Strategy: 51% Exit: $0.0065 Remaining: As shown on the chart posted Trade Duration: 1.5-4 months Analysis and Factors Influencing XPR's Potential to Reach Above 1 Cent 1. Bullish Trends: If the broader cryptocurrency market experiences a bullish trend, XPR is likely to benefit from the overall positive momentum. 2. Social media attraction is rising which makes it ideal for me to bet on its price increase. This is not a Financial advice folks, but im taking advantage of the market and the amount of investment is moderate as i'm not fully following this project. Market observation shows that even shit coins are pumping like pepe and others, so given this proton network project might really have a future made me leverage the situation and benefit from the upcoming pump. The duration of the trade is not precise and nor it reflect accurately the trade duration. But usually i trade spots on a flexible durations and calculate my risk to rewards on 4 months timeframe.
NOTES Asset/Instrument : KDAUSDT Timeframe :1D Market Condition : BEARISH Reason to Buy/Sell : CUP&HANDLE Target Price/Profit Area : $ 3.3 i still have a strong positive conviction about this fucking project, but they need to fired that useless fucking sleepy marketing team from their office
Yuppp friends I think itis good chance for buy First tp around fvg at 60$ zone Post will update
https://www.tradingview.com/x/IvQIRNKe/ This cycle up has a lot of room to continue. In my view, the part of the right upper purple rectangle, the one above the green line with ‘support’ text, pretty much covers the area where SPX could fluctuate on its very likely way up to around 7000, ideally until Jul25. Don’t be mislead by the black channel upper line - it’s not a target, not a meaningful resistance, though, the level where two channels (black and brown) intersect (purple crosshairs), backed up with local fib x2.618 target, could be an important stopping point in ascent scheduled on 24-25th of March, with likely meaningful reaction from it with further consolidation (not excluding a reversal either). I use squares and fib targets, with the one in the middle already confirmed on many pivots, and the one on the left, projective, based on the final 7k target. Interesting is that the ground above 6000 is like an operational area free of any obstacles even of fib character, very much visible discovery zone.
On a Monthly time Frame Vodafine Idea has touched bottom channel & along with that it has formed Bullish Shark pattern as well. It will have next resistance at 13 (0.5 Fib). Monthly candle close above 13 will take it to 20. Vodafone Idea is buy for 1 to 1.5 year time period for following targets. 13 - 20 - 23 - 26
https://www.tradingview.com/x/7s4Gpry8/ My dear friends, Please, find my technical outlook for GBPCHF below: The instrument tests an important psychological level 1.1328 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.1286 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
USDT dominance is nearing a key resistance trendline while holding above critical support. A rejection here could signal increased capital into altcoins, boosting their prices. However, a breakout above the trendline may pressure altcoins further. Watch closely for the next move! DYOR, NFA