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XUA/USD) Bearish Analysis Read The captionSMC trading point update Technical analysis of XAU/USD (Gold vs USD) on the 1-hour timeframe. Here's a breakdown Technical Analysis Summary 1. Descending Channel: The price is moving within a clear descending channel, indicating a bearish market structure. Recent price action rejected the upper boundary of the channel, strengthening the downtrend bias. 2. Resistance Rejection: A key resistance level around 3,340–3,345 was retested (marked with a red arrow) and rejected. Price has already shown early bearish candles post-rejection, suggesting weakness at that level. 3. 200 EMA (Exponential Moving Average): Price is currently hovering around the 200 EMA, and a clean break below it could accelerate the bearish move. 4. RSI Indicator: RSI is around 46, below neutral 50, showing bearish momentum is building but not yet oversold. No divergence is present, supporting the idea of continuation. --- Bearish Playbook Entry Idea: After the rejection at the resistance zone and confirmation of lower highs. Target: 3,313 – 3,310 zone (marked as the “key support level” and “target point”). Risk Management: A stop loss above 3,345 (above the resistance zone) would be a prudent protection level. --- Confluences Supporting the Short Setup: Rejection at horizontal resistance. Alignment with the descending trendline/channel. Price trading near or below the 200 EMA. RSI slightly bearish. Caution: Watch out for any macroeconomic news or high-impact events (highlighted with the economic event icons) that could inject volatility. A strong break back above the resistance could invalidate this bearish setup. Mr SMC Trading point Conclusion: This setup anticipates a bearish continuation targeting the 3,310 support zone. Ideal for short-term traders looking for downside opportunities, provided price respects the trend and fails to reclaim the resistance. Please support boost 🚀 this analysis)
FX:XAUUSDShort
by SMC-Trading-Point
15
XAU/USD) bearish Trend Read The captionSMC trading point update Technical analysis of XAU/USD (Gold Spot vs US Dollar) on the 1-hour timeframe. Here's a breakdown --- Technical Breakdown: 1. Descending Channel: Price is trading within a clearly defined downward-sloping channel (black trendlines). This suggests a short-term bearish trend. 2. Resistance Zone (Yellow Box at 3,335–3,340): Price recently rejected from this resistance area. This zone aligns with both the 200 EMA and previous structure, strengthening its validity. 3. EMA Confluence: The 200 EMA (3,336.798) is acting as dynamic resistance. Price is currently below the EMA, confirming the bearish bias. 4. Support/Target Zone: The projected target zone is around 3,313.266, labeled as a support level. This level has acted as previous structure support, increasing its significance. 5. RSI Analysis: RSI is at 37.18, close to the oversold region, but not yet fully exhausted. Suggests there’s still room for a downside move before any potential bounce. Mr SMC Trading point --- Trade Idea Summary: Bias: Bearish Entry: Below the resistance zone (~3,335–3,340) Target: 3,313 (support zone) Invalidation: Break and hold above 3,340–3,345 Risk Note: Watch for potential consolidation or fakeouts before continuation. Please support boost 🚀 this analysis)
OANDA:XAUUSDShort
by SMC-Trading-Point
1
USD/CAD) strong bullish trend Read The captionSMC trading point update Technical analysis of USD/CAD (U.S. Dollar vs Canadian Dollar) on the daily timeframe. Here's a breakdown of the trade --- Technical Breakdown: 1. Breakout from Descending Channel: Price has broken out above a descending trend channel (marked with black lines). This breakout suggests a potential trend reversal or at least a bullish correction phase. 2. Key Support Zone (Yellow Box): The yellow zone marked as “support level” was a strong consolidation area. Price has bounced off this zone multiple times, forming a solid base for further upside. 3. Bullish Price Action: Price has closed above the previous resistance (now support), signaling bullish intent. Current candle structure confirms strength with bullish continuation patterns. 4. RSI Indicator: RSI is at 56.38, indicating bullish momentum without being overbought. Suggests there is room for further upside before exhaustion. --- Target Levels: Target Point 1: 1.37968 (near-term resistance) Target Point 2: 1.38615 (intermediate target) Target Point 3: 1.39064–1.39090 (longer-term resistance near the 200 EMA) Mr SMC Trading point --- Trade Idea Summary: Bias: Bullish Entry Zone: Break and retest of the yellow support area (~1.368–1.371) Target Zone: 1.379 – 1.390 Invalidation: Break below the yellow support zone Confluence: RSI strength + breakout of downtrend channel + structural support plesse support boost 🚀 this analysis)
Long
by SMC-Trading-Point
EUR/USD) bearish chochy Trend Read The captionSMC trading point update Technical analysis of EUR/USD (Euro vs. U.S. Dollar) on the 4-hour timeframe. Here’s the breakdown --- Technical Breakdown: 1. Market Structure Shift (CHOCH): The chart highlights a Change of Character (CHOCH), signaling a bearish reversal after a previous uptrend. This is confirmed by lower highs and lower lows forming after the CHOCH point. 2. New Resistance Zone: The previous support (yellow box) has now turned into a new resistance level around 1.16400–1.16700. Price has rejected this area after the breakdown, validating the resistance flip. 3. 200 EMA Breakdown: Price is now trading below the 200 EMA (1.15928), which reinforces bearish sentiment. The EMA may act as dynamic resistance on any pullbacks. 4. Target Zone: The projected target is the key support zone around 1.14582, where price consolidated before the last major bullish move. This level has historical significance and aligns with a clean support demand zone. 5. RSI Indicator: RSI is not yet oversold, sitting in a neutral-to-bearish range, indicating further downside potential. Mr SMC Trading point --- Trade Idea Summary: Bias: Bearish Entry Zone: On breakdown and rejection from the new resistance area (~1.16400–1.16700) Target Zone: 1.14582 (key support) Invalidation: A break and close above the resistance zone Confluence: CHOCH confirmation + support-turned-resistance + 200 EMA breakdown --- Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
USD/JPY) Bullish trend analysis Read The captionSMC trading point update Technical analysis of USD/JPY on the 4-hour timeframe, signaling a breakout and possible rally toward the 151.016 target zone. Here's the detailed breakdown: --- Technical Analysis – USD/JPY (4H) 1. Bullish Structure Breakout Price has broken above a long-term resistance trendline, indicating a bullish breakout from a rising wedge or ascending channel. The breakout is confirmed by bullish momentum and sustained price action above the previous highs. 2. Trendline + EMA Confluence Price remains well above the 200 EMA (145.143), reinforcing the bullish bias. A clear higher low was formed at the inner trendline (support), followed by strong upside moves. 3. RSI Strength RSI is around 63.16, indicating strong bullish momentum without being overbought yet. Suggests more upside potential while maintaining healthy trend conditions. 4. Price Target Projection The chart shows two upward extensions: First move projected ~+2.20%, indicating a measured move target around 149.7. Final target point is 151.016, based on previous price action extension and resistance level. Mr SMC Trading point --- Summary Bias: Bullish Current Price: 147.366 Key Support: Rising trendline + 145.143 EMA Targets: Short-term: ~149.7 Final: 151.016 RSI: Strong but not overbought (63.16) Invalidation: Break below the inner trendline support and EMA (below 145.00) Please support boost 🚀 this analysis)
Long
by SMC-Trading-Point
33
XUA/USD) Bullish Analysis Read The captionSMC trading point update Technical analysis of Gold (XAU/USD) analysis on the 3-hour --- Gold (XAU/USD) 3H Technical Analysis Summary Market Structure: Bullish breakout Price has successfully broken above both the downtrend line and the support zone (highlighted in yellow), signaling a shift in structure from bearish to bullish. Key Support Zone: The yellow zone (~3,335–3,355) was previously a resistance area. After the breakout, it is acting as a strong support level and has been retested. Trendlines: Downtrend line: Broken and retested. Uptrend line: Guiding current price action, supporting higher lows and forming an ascending channel. 200 EMA (blue line): Price is trading above the EMA 200 (~3,331), confirming bullish bias and providing dynamic support. Momentum (RSI 14): RSI is around 67.85, showing strong bullish momentum. Nearing overbought, so a minor pullback or consolidation could occur before continuation. Volume: Increase in buying volume near breakout area suggests institutional interest or strong buyer conviction. Mr SMC trading point --- Conclusion: Price has shifted into a bullish continuation pattern. A successful break and retest of structure and trendlines increases the likelihood of further upside. As long as price holds above the yellow support zone and the uptrend line, bullish momentum is favored. Short-term pullbacks may offer new long opportunities. --- Please support boost 🚀 this analysis)
CAPITALCOM:GOLDLong
by SMC-Trading-Point
7
XAU/USD technical analysis setup Read The captionSMC trading point update Technical analysis of (XAU/USD) on the 6-hour timeframe, focusing on a key resistance zone that could trigger either a bullish breakout or a bearish reversal. --- Analysis Summary Current Price: $3,357.95 Trend Context: Price is testing a strong resistance zone with a possible breakout or rejection in play. --- Scenario 1 – Bullish Breakout 1. Resistance Zone: $3,357–$3,372 Multiple previous rejections. A confirmed close above $3,372.77 signals bullish strength. 2. Upside Targets: Target 1: $3,393.87 Target 2: $3,452.08 3. Indicators: RSI at 63.74, approaching overbought but still with room to rally. EMA 200 is trending upward, supporting bullish bias. --- Scenario 2 – Bearish Rejection 1. If price fails to close above $3,372.77, a rejection from resistance is likely. 2. Downside Targets: Reversal projected toward the key support zone at $3,246.97 EMA 200 at $3,300.97 may provide temporary support before breakdown. --- Trade Ideas Direction Entry Level Stop-Loss Target 1 Target 2 Bullish Close above $3,372 Below $3,346 $3,393.87 $3,452.08 Bearish Rejection from $3,357–$3,372 Above $3,380 $3,300 → $3,246.97 Mr SMC Trading point --- Summary This is a critical decision point for Gold. A breakout above resistance can propel price to $3,450, while rejection could drive price back to $3,246. The reaction at the current zone will dictate the next major swing. Please support boost 🚀 this analysis)
FX:XAUUSDShort
by SMC-Trading-Point
16
GBP/JPY) Bearish Analysis Read The captionSMC trading point update Technical analysis of GBP/JPY on the 3-hour timeframe, suggesting a potential short-term pullback within a larger ascending channel. --- Analysis Summary Pair: GBP/JPY Timeframe: 3H Current Price: 198.883 Bias: Bearish move toward channel support --- Key Technical Insights 1. Ascending Channel Formation: Price is moving within an upward-sloping channel. Current structure suggests price is heading toward the lower trendline support. 2. Support Level & Target Zone: The yellow zone around 196.355 is a major support area and target point, coinciding with both structural support and the bottom of the channel. 3. EMA (200 Close): Price is still above the 200 EMA (197.067), so overall trend remains bullish — but current move is a correction. 4. RSI (14): RSI is neutral near 51.14, allowing room for further downward movement before becoming oversold. --- Target Point Target: 196.355 (support zone and bottom of channel) --- Trade Idea Direction Entry Stop-Loss Target Sell 198.80–199.00 Above 199.70 196.35 SMC trading point --- Summary GBP/JPY is likely to retrace toward support at 196.35 before possibly bouncing within the larger bullish structure. This offers a short-term selling opportunity, with potential buy setups near the lower trendline later. Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
6
USD/JPY) LOGN TIME Analysis Read The captionSMC trading point update Technical analysis of USD/JPY on the daily timeframe, highlighting a long-term downtrend reversal with potential for significant upside. --- Analysis Summary Pair: USD/JPY Timeframe: Daily Current Price: 147.442 Bias: Bullish breakout from a descending wedge structure. --- Key Technical Insights 1. Descending Trendline Break: Price has broken above the long-term downtrend line, signaling a reversal. Breakout area is circled in yellow, confirming bullish intent. 2. Trendline & Structure Support: Multiple rejections from the ascending support trendline (marked by green arrows) confirm accumulation and higher lows. 3. 200 EMA as Dynamic Resistance/Support: Price is now above the 200 EMA (147.920) — a bullish signal, turning resistance into support. 4. RSI (14): RSI at 62.99, approaching overbought territory, but still has room to push further. --- Target Point Target: 158.951 Based on measured move from wedge breakout and historical resistance level. --- Trade Setup Idea Direction Entry Stop-Loss Target Buy 147.40–147.60 Below 145.80 158.95 Mr SMC Trading point --- Summary This chart signals a major bullish breakout on USD/JPY, with the break of a year-long downtrend structure, reclaiming the 200 EMA. If this breakout sustains, price could aim for 158.95 in the coming weeks. Please support boost 🚀 this analysis)
Long
by SMC-Trading-Point
XAUUSD- Bearish AB=CD pattern at resistance zone!Timeframe:2H|Pattern: AB=CD| Bias: Bearish Reversal! Gold (XAUUSD) has completed a precise AB=CD pattern aligning perfectly with a strong resistance zone near 3340-3350 the symmetry of the harmonic pattern combined with historical rejection levels gives a strong signal for a potential downside move Trade setup idea: Sell entry: 3340-3350 target:1: 3300 target:2: 3260 risk reward: Favorable setup with harmonic confirmation.
OANDA:XAUUSDShort
by Resistance_King
4
XAU/USD) bearish Trand analysis Read The captionSMC trading point update Technical analysis of (XAU/USD) on the 3-hour timeframe, projecting further downside after rejection from a resistance zone aligned with a descending trendline. --- Analysis Summary Trend Bias: Bearish Current Price: ~$3,301.96 Structure: Price is respecting a descending channel, with multiple rejections from the upper boundary and key resistance zone. --- Key Technical Insights 1. Resistance Zone & Downtrend Line: Price was rejected from a resistance block near the EMA 200 (~$3,331) and descending trendline. This level has repeatedly triggered strong downside moves (highlighted with red arrows). 2. EMA 200 Reaction: The EMA 200 at $3,331.10 is acting as dynamic resistance. Each time price reaches or crosses above this line, selling pressure increases. 3. Bearish Price Projection: After recent rejection, the chart anticipates a pullback to the support zone between $3,248.26 and $3,245.71. A deeper drop toward $3,159.13 is projected as a next major target, consistent with previous price moves. 4. RSI Indicator: RSI at 40.24 suggests bearish momentum is still in play but not yet oversold—indicating room for more downside. --- Bearish Trade Idea Element Level / Description Entry Zone Below resistance: $3,310–$3,320 Target 1 $3,248.26–$3,245.71 (support zone) Target 2 $3,159.13 (channel base / next support) Stop-Loss Above $3,335 (above resistance zone) --- Risk Considerations Fundamental catalysts: Gold is sensitive to USD strength, interest rate decisions, and macroeconomic data. Invalidation: A strong breakout and close above the descending trendline and EMA 200 would negate the bearish outlook. --- Summary This analysis outlines a bearish setup for XAU/USD, supported by trendline resistance, EMA rejection, and RSI momentum. If current structure holds, a move toward the $3,245 and $3,159 levels is likely. Please support boost 🚀 this analysis)
CAPITALCOM:GOLDShort
by SMC-Trading-Point
17
USD/JPY) back down Trend Read The captionSMC trading point update Technical analysis of USD/JPY (U.S. Dollar / Japanese Yen) on the 3-hour timeframe, anticipating a rejection from a descending trendline resistance and a move down toward key support levels. --- Analysis Overview: Trend Bias: Bearish correction expected Structure: Price is reacting at a descending trendline, which has held as resistance on multiple occasions. Indicators: EMA 200 (144.756): Price is currently above, but projected to break below it. RSI (14): Overbought at ~74, signaling potential for a reversal. --- Key Technical Components: 1. Descending Trendline Resistance: Price is approaching/has touched a well-respected downtrend line, marked by three strong rejections (red arrows). This trendline has consistently capped bullish moves, indicating strong seller interest. 2. Bearish Reversal Expectation: The projected path suggests a potential fake breakout or double-top, followed by a steep decline. A two-stage drop is anticipated, with price first targeting the EMA 200 zone, then extending lower. 3. Target Points: First target: Around 145.244, near EMA 200. Final target: 143.048, aligning with the key support zone (highlighted in yellow), where price previously bounced. 4. RSI (14): Currently overbought (73.29), signaling a likely retracement. Prior peaks at this level led to notable corrections. --- Trade Setup Idea: Parameter Level Entry Near current price (~146.85) if bearish pattern confirms Stop-Loss Above trendline (~147.30–147.50) Target 1 145.24 (EMA 200 zone) Target 2 143.05 (Support zone) This setup offers a high-probability short opportunity if resistance holds. --- Risk Factors: Upcoming economic events could trigger volatility (news icon marked). A clean breakout and close above the trendline (~147.50+) would invalidate this bearish thesis. Mr SMC Trading point --- Summary: The analysis suggests a potential USD/JPY reversal from a descending trendline, supported by overbought RSI and prior rejections. The bearish projection targets a move toward 143.048, following a dip below the EMA 200 level at 145.244. Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
4
USD/CAD) Down Trand Read The captionSMC trading point update Technical analysis of USD/CAD (U.S. Dollar / Canadian Dollar) on the 1-hour timeframe, with a focus on a potential double-top formation at strong resistance, followed by a drop toward support: --- Analysis Overview Trend Structure: Downward-sloping channel with lower highs and lower lows. Confluence Area: The current rally is approaching both the upper channel boundary and a significant horizontal resistance zone (~1.3660–1.3700). --- Key Technical Elements 1. Resistance & Double-Top Setup The price nears the resistance zone (yellow) where it previously reversed (noted by red arrows). A cap-and-float pattern (double/top-like structure) is projected: price pushes higher, hesitates, tests resistance again, then fails—a sign of weakening bullish momentum. 2. EMA 200 Interaction The 1-hour EMA 200 (blue line at ~1.3635) sits just below current price. A failure to sustain above this level reinforces the bearish case. 3. RSI Overextension RSI (14) is around 64–69, indicating near-overbought conditions on this timeframe, suggesting a potential pullback. 4. Price Targets Initial target: Lower channel boundary near 1.3556 (highlighted support). Extended target: Beneath to 1.3540, aligning with the broader Demand zone. --- Proposed Trade Setup Step Action Level Entry Short near top of resistance/channel (after double-top confirmation) 1.3680–1.3700 Stop-Loss Above recent high and channel resistance ~1.3720 Take Profit 1 Near EMA 200/lower channel bounce ~1.3556 Take Profit 2 Extended move to demand zone ~1.3540 Estimated Move ~1.15% drop from midday highs – --- Risk & Event Factors Scheduled Canadian or U.S. data releases (icons shown) could introduce volatility and disrupt technical patterns. A breakout above ~1.3720 would invalidate this bearish thesis and shift bias bullish. Mr SMC Trading point --- Summary Expecting a cap-and-float double-top formation at key resistance near 1.3660–1.3700, followed by a trend continuation drop toward 1.3556–1.3540. The bearish setup is supported by a down-channel structure, EMA 200 failure, and overbought RSI conditions. Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
27
XAU/USD) order block back up trand Read The captionSMC trading point update Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, focusing on a potential reversal from a key support/order block zone. Here's a full breakdown --- Chart Analysis – XAU/USD (1H) 1. Key Zone: Support Level / Order Block (Yellow Box) The price is currently testing a strong support zone that previously acted as a bullish order block (demand area). This zone is also near a diagonal trendline and a prior breakout level, adding confluence to the setup. 2. Reversal Anticipation (Black Zigzag Path) The chart suggests two possible scenarios from the support area: A bullish bounce leading price up toward: Target 1: 3,343.05 (near 200 EMA) Target 2: 3,364.62 (upper resistance) A break below the yellow support zone, triggering a deeper move toward: Key support: 3,247.55 3. RSI Oversold Signal RSI (14) is at 32.66, which is near oversold territory, signaling potential for a bullish reversal if buying pressure steps in. 4. EMA (200 - Blue Line) EMA at 3,330.95 currently acts as dynamic resistance. If price bounces from the order block, this EMA may serve as the first reaction level before further upside. Mr SMC Trading point --- Summary Bias: Bullish bounce if price holds above 3,296.04 (order block support). Entry Zone: Current price near 3,301 or confirmation bounce candle. Targets: TP1: 3,343.05 TP2: 3,364.62 Invalidation: Strong break and close below 3,296.04 may open the path to 3,247.55. RSI: Favoring reversal conditions (near oversold). --- Please support boost 🚀 this analysis)
CAPITALCOM:GOLDLong
by SMC-Trading-Point
13
XAU/USD) support level back bullish trend Read The captionSMC trading point update Technical analysis of Gold (XAU/USD) on the 3-hour timeframe, suggesting a long trade idea with a clearly defined support zone and target projection. Here's the detailed breakdown: --- Chart Breakdown (3H - XAU/USD) 1. Support Zone (Yellow Box): Price reacted strongly to the 3,244–3,300 area, which is identified as a key support level. This area has historically seen demand and is now acting as a base for potential bullish continuation. 2. Falling Wedge Breakout: A falling wedge pattern has been broken to the upside, which is typically a bullish reversal signal. The breakout indicates a shift from the previous bearish momentum into bullish strength. 3. EMA 200 Confirmation: Price is now above the 200 EMA (3,333.347), supporting a bullish bias. This can act as dynamic support going forward. 4. RSI Momentum: RSI at 62.00, indicating growing bullish momentum without being overbought. The RSI has also broken above a previous local high, confirming strength. 5. Target Projection: The projected move (blue arrowed box) suggests a potential rally of +105.305 points (3.20%), targeting the 3,394.503 level. This level aligns with previous price structure and acts as the next major resistance. 6. Anticipated Price Path (Black Zigzag Line): Price is expected to pull back slightly, retesting the wedge breakout or support zone. After this retest, a bullish continuation toward the target point is projected. Mr SMC Trading point --- Summary: Bias: Bullish Pattern: Falling wedge breakout + support retest Entry Zone: Around 3,300–3,320 on a retest Target: 3,394.503 Invalidation: Strong break and close below 3,244.166 Confirmation: Bullish price action near support + sustained RSI strength Please support boost 🚀 this analysis)
OANDA:XAUUSDLong
by SMC-Trading-Point
14
USD /CAD) bearish reversal analysis Read The captionSMC trading point update Technical analysis of USD/CAD pair on the 2-hour timeframe, suggesting that the price is likely to drop toward the support zone. Here's the detailed idea behind the analysis: --- Chart Breakdown (2H – USD/CAD) 1. Resistance Zone (Yellow Box - Top): Marked as a strong supply area where price has repeatedly been rejected (highlighted by red arrows). Acts as a key zone where sellers are in control. Also aligns with a descending trendline, reinforcing bearish pressure. 2. Support Zone (Yellow Box - Bottom): This is the target point marked at 1.35387, which previously served as a demand zone. The chart suggests this level as the next significant area where price might find buyers. 3. Trend Context: Price is moving within a descending channel (black trendlines), confirming the overall downtrend. The 200 EMA (1.36834) is acting as dynamic resistance, keeping price under pressure. 4. Projected Move (Blue Box): Shows a potential drop of ~91 pips toward the support level. A bearish wave is anticipated as per the black zigzag line on the chart. 5. RSI Indicator: RSI is near neutral (49.02 and 49.70) — suggesting no overbought/oversold conditions, but confirming lack of bullish momentum. RSI is aligned with price trending down. Mr SMC Trading point --- Summary: Bias: Bearish Entry Zone: Near current price or minor pullback (1.364–1.365) Target: 1.35387 (support zone) Invalidation: Break and close above resistance level / 200 EMA (~1.3685) Trend: Downtrend within channel --- Please support boost 🚀 analysis)
Short
by SMC-Trading-Point
26
BTC monthly yelling at us for something interesting ?We read daily news about ETF, accumulation by institutes and scarcity in the exchanges, but I recognize something different in the chart based on multiple indicators. Historically, BTC boomed after touching 50 EMA and whenever it is extended it traces back to 50 EMA on monthly chart. As per current data, BTC is extended far from it. Also RSI and MACD indicating that it is losing momentum with -ve divergence. Volume as well descreasing since last leg, though price moved up. So, I expect price to retrace to 50 EMA which coincides with previous high at 60K. Let us see how it unfolds.
COINBASE:BTCUSDShort
by friendlyRox
29
MACRO 3-Drive Pattern on Bitcoin | Major Reversal Ahead?Is Bitcoin completing a massive 3-drive structure on the macro chart? Three clear pushes higher, each with fading momentum, are flashing a major reversal signal. This could be the final phase before a long-term shift — are you ready for what’s next? 📚 3-Drive Structure Trading Strategy — Full Breakdown The 3-Drive Pattern is a powerful reversal-based price structure used to spot major turning points in trending markets. It works by identifying three consecutive drives (or pushes) in one direction, typically ending with exhaustion and a high-probability reversal. Each drive forms a new high or low, but with weakening momentum — especially visible using RSI, MACD, or volume divergence. 🔍 What is the 3-Drive Pattern? 3 consecutive higher highs (or lower lows) Each drive followed by a shallow pullback Momentum weakens on each push (divergence forms) Fibonacci symmetry often present: - Drive extensions: 127.2%–161.8% - Pullbacks: usually 61.8% 📉 Bearish 3-Drive (Reversal from Uptrend): Drive 1: Price makes a higher high with strong momentum Drive 2: Another higher high, weaker strength Drive 3: Final high with clear divergence Reversal: Entry when price breaks below structure 🎯Entry Criteria: Wait for all 3 drives to form Confirm with divergence on Drive 3 Use a confirmation candle or structure break Stop-loss: just beyond the 3rd drive’s high 🎯 Targets: Conservative: Return to Drive 2 base Aggressive: Full trend reversal (50%–100% Fib retracement) 🧠 Pro Tips: Best on 4H, 1D, 3D or 1w timeframes Confirm with RSI, MACD, or volume divergence Combine with key S/R or supply-demand zones 💡 Summary: The 3-Drive pattern is one of the most reliable reversal structures when combined with divergence and Fibonacci symmetry. It's especially powerful at market exhaustion zones and works best with confirmation-based entries.
COINBASE:BTCUSDLong
by MartyBoots
23
XAU/USD 4H – Retracement or Rejection? Key Levels to WatchGold bulls made a strong push out of the descending channel, but now the real test begins. The market is currently in retracement mode after a sharp impulse, and the next move will be decisive. 🔹 Channel Breakout & Retest in Play: Price broke out of the descending channel with momentum and hit the $3,357 region before pulling back. We're now hovering around the 0.236 Fib at $3,331 — with the 0.382 and 0.618 Fib zones below offering potential long entry confluence. 🔹 Fibonacci Cluster Support Zone: Between $3,314 – $3,287 lies a high-probability demand zone, where multiple Fibonacci levels converge with the broken channel top. This area also aligns with the 50 EMA, creating a pocket for bullish continuation — if held. 🔹 RSI Divergence to Watch: RSI shows signs of slowing bullish momentum after peaking, which suggests this retracement could deepen toward the 0.5–0.618 levels before any meaningful bounce. A bullish RSI reversal in this zone would confirm re-entry. 📌 Scenario 1 – Bullish Continuation: Price finds support between $3,314–$3,287 Momentum kicks in for a leg up toward $3,388 Final TP at $3,427 (Fib -0.618 extension) 📌 Scenario 2 – Rejection and Deeper Drop: Failure to hold the 0.5 zone flips the bias bearish Watch for re-entry back into the previous channel Next downside target: $3,251 and potentially $3,233–$3,221 (Fib + extension) 💡 Elite Insight: The pullback is not the risk — entering without a plan is. This is the zone where patience meets precision. Let the levels do the work.
OANDA:XAUUSDLong
by WrightWayInvestments
USD/JPY) Back support level Read The captionSMC trading point update Technical analysis of USD/JPY pair using a combination of price action, resistance/support levels, and indicators. Here's a breakdown of the idea behind the analysis: --- Chart Breakdown (2H - USD/JPY) 1. Key Zones: Resistance Level (Yellow Box at Top): Price has previously been rejected from this zone multiple times. Recent bearish wicks and aggressive sell-offs are marked by red arrows—showing strong seller interest. Support Level / Target Point (Bottom Yellow Box): Price has found strong buying interest around 142.142. This zone is the anticipated downside target if the bearish scenario plays out. 2. Bearish Bias Justification: Liquidity Grab / Fakeout (labeled “fug”): The price briefly broke above the smaller resistance block but quickly reversed. This "fake breakout" often traps buyers, strengthening the bearish case. EMA 200 (Blue Line): Price is currently near or slightly under the 200 EMA (144.553), suggesting a potential rejection area aligning with resistance. RSI Indicator: RSI shows divergence and has not confirmed a bullish breakout. The values (56.77 and 42.82) indicate loss of bullish momentum. 3. Projection (Black Lines): The black zig-zag lines represent a forecasted drop to the support level. Suggests a short setup near 144.50–145.00 with targets near 142.14. Mr SMC Trading point --- Summary: Bias: Bearish Entry Zone: Near resistance area (144.50–145.00) Target: 142.142 (support zone) Invalidation: Strong break above 145.00 and hold Confirmation: Rejection from resistance with bearish candle pattern --- Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
5
Bitcoin & Ethereum New Quarter | What To Look For🎯 New Quarter For COINBASE:BTCUSD & COINBASE:ETHUSD — What To Look For As we enter a new quarter, smart money is already positioning. Institutional investors, hedge funds, and asset managers don’t just trade price — they rotate capital based on quarterly performance, risk appetite, and macro expectations. That’s why each quarterly open is a key inflection point across all markets — including crypto. In this video, I break down: • 🧠 How institutional capital rotation impacts Bitcoin and Ethereum • 📈 Key levels to watch as Q3 unfolds • 🔁 What are the likely outcomes • 📊 How to prepare for volatility and new trend formation This isn’t just another candle — it’s the start of a new chapter in the cycle. If you’re serious about understanding where the money flows next , this video is for you. This is the likely outcome Price not ready to moon yet Strong candle implying new highs incoming Watch for bearish stop hunt on new quarter This is a bullish outside bar MartyBoots here , I have been trading for 17 years and sharing my thoughts 👍 Enjoyed the insights? Let me know your thoughts in the comments below — and don’t forget to like this post to support the channel!
COINBASE:ETHUSDLong
by MartyBoots
25