Sober_Trading

Sober_Trading Updated 

The Dow Jones has recently captured liquidity above the previous high, as indicated by the sharp move and subsequent rejection from the highlighted resistance zone. This failure to consolidate above the resistance suggests that the bullish momentum has temporarily exhausted, and we could see a retracement. The price is likely to pull back to the green support...

Sober_Trading Updated 

The XAUUSD (Gold) is currently displaying a bearish momentum, as evidenced by the highlighted zones of downward price movement. The chart indicates that the price is forming a second leg of the downtrend. Should this pattern continue, it is anticipated that XAUUSD will break below the $2400 support zone. Traders should monitor this level closely, as a breach could...

Sober_Trading Updated 

In the 4-hour and daily time frames, EURUSD shows potential for further decline and correction. On the 15-minute time frame, it presents a prime opportunity for scalpers to capitalize on selling. The chart illustrates a bearish trend with a potential downward movement highlighted, suggesting a strategic entry point for short-term traders.

Sober_Trading

Keep your eye on this trendline. AUDUSD has experienced a three-leg rise, forming an ascending trendline. A break of this trendline could be a good sign for sellers to achieve significant gains, potentially pushing the price down to the last pivot support zone. Watch for confirmation of this break to identify potential entry points for short positions.

Sober_Trading

The AXSUSDT 4-hour chart indicates a significant bullish breakout from a descending triangle pattern, typically a continuation pattern but here suggesting a reversal. The price has breached the upper trendline of the triangle, signaling a potential upward movement. The target for this breakout is set at approximately $9.40, as depicted by the green highlighted...

Sober_Trading Updated 

In the past hours, OIL (WTI) experienced a sharp rise driven by news of Iran's president's death, which significantly impacted market sentiment. This surge allowed OIL to break above the bearish channel and catch the liquidity over the resistance zone, as illustrated on the chart. However, despite this upward spike, the price action suggests that OIL may continue...

Sober_Trading

This 1-hour chart for BTC/USDT shows that Bitcoin recently entered a significant liquidity zone, where it hunted stops and captured liquidity above the bearish resistance zone. Despite these efforts, the price action reveals a noticeable weakness among buyers, as indicated by the lack of follow-through to the upside. This suggests that the upward momentum may be...

Sober_Trading Updated 

XAUUSD has completed its third bullish leg, driven by the recent news of Iran's president's death. Now, it looks poised to enter a pullback phase. Scalpers can consider taking advantage of sell opportunities during this correction. However, it's important to remember that selling in a strong bullish trend carries inherent risks. Always use proper risk management...

Sober_Trading Updated 

The EUR/USD 1-hour chart shows a clear pattern of bullish movements, marked by three distinct legs of upward momentum. Each leg is followed by a pullback, indicating a consistent pattern of price corrections after bullish advances. Given this recurring behavior, it is likely that EUR/USD will experience another pullback similar to the previous movements. For the...

Sober_Trading Updated 

The highlighted liquidity zone on the BTC/USDT chart represents a significant area where a concentration of pending orders has accumulated. This buildup suggests a strong potential for Bitcoin's price to gravitate towards this zone in the near future. This setup represents an excellent opportunity for scalpers and short-term traders anticipating a breakout. If...

Sober_Trading

This 15-minute chart of XAUUSD shows that the bullish momentum is diminishing as the price approaches a resistance zone marked in red. The recent upward trajectory has lost strength near this key resistance level, indicating potential exhaustion among buyers. Consequently, there is a notable possibility that Gold could retreat, retracing its steps back to the...

Sober_Trading Updated 

we are tracking a descending channel pattern, outlined by the red boundaries. Currently, gold's price has rallied to the upper resistance of the channel, marking a pivotal moment for traders. Should the price adhere to the channel's resistance, we anticipate a potential reversal heading back down. However, unlike previous lows, a higher low is expected this time...

Sober_Trading Updated 

Bitcoin is exhibiting a divergence between the RSI and its price and it means another fall. From my point of view, it appears likely that Bitcoin will first target liquidity above the resistance zone before potentially experiencing a decline.

Sober_Trading Updated 

The NASDAQ has ascended for a second leg and is now poised for a potential deep pullback to test the support zone. This support area aligns with a key weekly level that typically needs to be retested before the index can mount a continued rise. You should keep a close eye on this trend, as it could present a significant opportunity in the coming period.

Sober_Trading Updated 

THETA's trajectory has taken a decisive turn, piercing through a critical level and retracing back to it. This area now serves as the last bearish resistance, hinting at a potential decline from here on. Keep a close watch for pivotal movements.

Sober_Trading Updated 

The USD/CHF pair is approaching a key order block zone, showing signs of waning buying pressure. It appears primed for a pullback to retest the last significant bullish pivot. Keep an eye on this area for potential trading opportunities.

Sober_Trading

Bitcoin struggled to make a strong ascent and is now approaching the resistance zone with difficulty. Consequently, I anticipate a further decline, at least to retest the support zone.

Sober_Trading

XAUUSD is currently positioned within the support zone and has potential to ascend towards yesterday's closing price at $2318 or above. Additionally, this presents a valuable position to consider taking.