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Bullishchannelflag

breakdown of the setup! Read CaptionThis is a 4-hour chart of Gold (XAU/USD) showing a bullish channel with price currently trading near its upper boundary. Here’s a breakdown of the setup: Market Structure: Trend: Gold is in a strong uptrend, moving within a well-defined ascending channel. Current Price: Around $2,998, with a recent high of $3,000.55. Key Target: A potential bullish breakout targeting $3,020+. Support Zones: Highlighted between $2,930 - $2,860 as possible retracement levels. Potential Scenarios: Bullish Continuation: If price holds above the midline of the channel, a push toward $3,020 - $3,050 could be expected. Pullback & Retest: A minor correction toward $2,970 - $2,960 before resuming its uptrend. Deeper Retracement: A stronger pullback could lead to a test of $2,930 or even $2,860, aligning with the lower trendline. Trading Plan: Buy on dips if price retests lower support zones within the channel. Breakout trade above $3,020 could indicate further upside potential. Risk management: Watch for bearish rejection candles near resistance. This setup favors bullish continuation, but a short-term pullback is possible before the next leg up. 📈🔥
OANDA:XAUUSDLong
by ForexOptimizer
XRPUSDT | Downtrend Channel Wave Projection TP -30% and -50%> ABC correction with the major C leg downtrend ending diagonal pattern - possible final 5-wave at 0.5 fibonanci extension level -30% and 0.618 level -50% if break below the current key support. > The price is currently trading below SMA50 and SMA200 and RSI TFW bearish signal broke below MA line below 50. > An upcoming RSI bullish divergence in TFW could be possible - stay in wait and see mode for price confirmation. Always trade with affordable risk and respect your stoploss, nothing 100%
by dukeposh
Ethereum forming a descending channelIn this Daily timeframe, I show an interesting analysis that I found out in this perspective. Ethereum still strong in the support $1,264 USD. What bulls defending this level. Ethereum forming this descending channel in Daily timeframe since August, 15, 2022 and it's making higher low and lower low forming this market structure. But now, I believe that the price it's in the good zone to accumulation showing this bullish channel flag in H4 timeframe that I found out. And now, we could to see in the price action in Daily timeframe, specifically, that in 3 times we see a strong bullish signal. We see a bullish harami, a bullish doji Libelula and a bullish hammer. Those candlestick indicating bullish signal Now, I re-entry to long position puting my buy order again in $1,296 USD and Stop Loss to $1,225. And my psycological target to $1,460 USD. This it's a risk/benefit of 1:2. Good Luck to long Ethereum!!!
COINBASE:ETHUSDLong
by harisonhbn9718
2
ETH/USD: Waiting for long positionIn this continuation of Daily analysis, we analyze the H4 timeframe, but I would like to hope the next formation of the next bullish signal in the price action. But right now, Ethereum made this break-out of this bearish channel flag to the upside, but sometimes those consolidation could be a bullish opportunity to watch in Daily chart based in my own analysis. So guys, it's a strategy that I ever know very good to trade in whatever in financial markets. I hope that this idea support you. Please go the link to related idea to my previously analysis of them.
COINBASE:ETHUSDLong
by harisonhbn9718
6
GBP/USD: bullish channel flagIn this analysis, I make an update of GBP/USD after that I was shortin from $1.1574 USD and I closed up my short position recently at $1.1528 USD, where I get 43 pips in profit or 4.33% of earned. Ok, what we look now it's a break-out of market structure in H1 timeframe. we was shorting and the minimum price was $1.1407 USD. Also, I believe that after we forming this bulish envolving pattern into this bullish channel flag, that was a good time to get profit and closed up automatically my short. But I know that I can't to still everyday in my chart 24/7, but I made a good job put my break even, but at least as I'm making an analysis of this par, I update this technical analysis. Now, I found out that GBP/USD forming a bullish divergence in the RSI forming a lower high and price action lower low. That mean that trend will chhange, as now, we see a clearly break-out of this bullish channel flag. Now I put my buy order limit at $1.1520 USD, Stop Loss to $1.1475 USD and take profit toward $1.1628 USD. Also that I don't comment, in H4 it's appear that GBP/USD it's into this bearish channel and has a forecast that want to reach $1.1630 USD. i'm longing GBP.USD. But not bad this short posiiton, and remember we can't to know what will happen with GBP/USD in the future. But we can to take the resource like fundamental analysis and technical analysis to take better decision in this market. I hope that this idea support you!!! Good luck!!!
Long
by harisonhbn9718
2
GBP/AUD: Bullish momentum In this 2nd analysis, I see the following what Great Britain Pound forming a bullish momentum shortly, this it's a pull back as I said in my previously analysis of GBP/AUD. Now, in this timeframe, this it's the H4 timeframe and I see that we ending this Elliot Wave Analysis that I draw in H4 timeframe and also, I mark this confluence of Fibonacci 0.382% and 0.618%. This one of these could be the next stop of resistance key, but Great Britain Pound has chance to reach the 0.618% of Fibonacci as we're in the bullish momentum. Also in H1 we forming a bullish flag channel and this mean that bulls are in this moment. So guys this will be my next trade in Forex as yesterday I predicted very well my analysis of USD/JPY and take my profit in my exactly level. Good luck in this trade!!!
Long
by harisonhbn9718
1