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XAUUSD – 30m Chart Analysis**XAUUSD – 30m Chart Analysis & Idea** Gold remains in a **short-term bullish structure**, trading above key EMAs and holding an **ascending trendline**. **Key Levels** * **Current price:** ~**4584** * **Support zone:** **4555 – 4565** (EMA cluster & previous consolidation) * **Resistance zone:** **4595 – 4605** **Price Action Insight** * Price is consolidating after a strong impulsive move up. * Higher lows are forming, showing buyers are still active. * As long as price holds **above the support zone and trendline**, upside pressure remains intact. **Idea (Educational)** * Bullish continuation favored **above 4560**. * A sustained break and hold **above 4600** may open the way toward **4620–4640**. * Failure to hold support could lead to a pullback toward **4525–4500** area. *Technical analysis only, not financial advice.*
OANDA:XAUUSDLong
by Harry_Megat
Walmart: New Impulse!After a period of indecision, Walmart's stock has recently gained new upward momentum. It's once again heading towards our red Short Target Zone ($127.46 - $134.37), where the green wave is expected to conclude. In the primary scenario, we anticipate a subsequent break of the support at $97.90 and a decline into our green long Target Zone between $80.90 and $69.60. Alternatively, the high of the green wave alt. might have already been set. A direct sell-off below the mentioned support would then lead the stock into our green Long Target Zone earlier (probability: 34%).
NASDAQ:WMT
by HKCM_Global
Barrick Gold slowly advancingWithin the ongoing three-wave pattern, the magenta wave (C) is expected to give the miner another boost, ultimately completing the green wave just below the resistance at $54.74. The following wave should then pull the stock back toward support at $30.35, from which wave is likely to start again. This move should once again lift Barrick higher, with the blue wave (w) projected to finish well above the $54.74 level. There is, however, a 30% chance that wave Alt.(w) could wrap up imminently. In that scenario, wave Alt.(x) would push price directly below $30.35, but would still bottom out before reaching the support at $5.95.
NYSE:BLong
by HKCM_Global
XAUUSD Bullish Structure – BUY Setup Toward 4530 & 4560Price has broken above the trendline and is holding above the support zone at 4,485–4,495, where former resistance has now turned into support. As long as price stays above this support area and respects the rising trendline, bullish momentum is likely to continue. The first target is 4530, and if strength sustains, price can extend toward the main target zone at 4,550–4,560. A clear break back below 4,485–4,495 support would invalidate the bullish setup.
TVC:GOLDLong
by LEO_TRADES98
ETHUSD – 4H Chart AnalysisETHUSD – 4H Chart Analysis Ethereum is currently range-bound after a corrective move, trading between clearly defined support and resistance zones. Key Levels Current price: ~3112 Support zone: 3050 – 3070 Resistance zone: 3160 – 3180 Higher resistance (R2): 3280 – 3300 Chart Insight Price is holding above the major support zone, showing buyers defending this area. Recent candles show rejection near resistance, indicating supply pressure around 3160+. EMAs are flattening, suggesting consolidation before the next move. Breakout Setup (Educational) Bullish scenario: A strong close above 3180 may open the path toward 3250 – 3300. Bearish scenario: Failure to hold 3050 could expose downside toward 3000 – 2950. Summary Bias remains neutral inside the range. Directional clarity expected on a confirmed breakout or breakdown. Technical analysis only, not financial advice.
CRYPTO:ETHUSD
by Harry_Megat
BlackRock: Up and Down AgainBlackRock has recently formed the low of the turquoise wave X and subsequently moved into a sideways phase, from which it temporarily broke out impulsively upward. However, selling pressure soon returned. Overall, the stock remains in a consolidation phase. In the short term, we expect increased upward momentum to develop the high of the overarching wave (2) in magenta. We anticipate that this peak will remain below the resistance at $1219. Thereafter, more sustained selling pressure is expected to gradually push the stock below the support at $760.01, marking the low of beige wave IV. Should the low of the magenta wave alt.(X) have formed in November, the current movement could be attributed to wave alt.(Z). In this scenario, an increase above the resistance at $1219 should be considered, which would simultaneously allow the overarching green wave alt. to reach a new high (probability: 35%).
NYSE:BLK
by HKCM_Global
Silver Pulls Back After Double Top TestSilver futures bounced off resistance at $82.67 on Tuesday. According to our primary scenario, the next key move will be for price to break through this level, which would open the way toward the red Target Zone between $92.25 and $111.28. In that area, we expect the prominent top of the green-labeled wave to form, followed by a larger corrective move. Based on this outlook, traders could consider entering short positions within the $92.25 to $111.28 range, using a stop set 1% above the upper boundary of the zone. Alternatively, it’s possible that the green wave alt. already peaked at $82.67 and price is now correcting directly below support at $69.26. If this scenario plays out—which we assign a 35% probability—a direct pullback into the alternative green long Target Zone between $53.26 and $47.16 would be expected.
COMEX:SI1!Long
by HKCM_Global
Gold Faces Heavy Resistance Near $4,500Gold is struggling with a key resistance just below the $4,500 level early Friday, after managing to close above $4,450 on Wednesday. Current price action suggests that the precious metals market is still facing strong short-term headwinds, particularly from commodity index rebalancing flows and U.S. dollar fluctuations. Both gold and silver are under notable pressure as the Bloomberg Commodity Index rebalancing enters its peak phase. In the coming days, COMEX futures markets could see up to $6–7 billion in selling per metal, driven by mandatory weight adjustments within the index. While this is largely a technical process, its scale is significant enough to trigger sharp short-term volatility. At the same time, the U.S. dollar is holding near a one-month high, as investors remain cautious ahead of the U.S. Non-Farm Payrolls report. Recent data point to a cooling U.S. labor market, with job openings falling to their lowest level in over a year. This keeps expectations alive that the Federal Reserve may cut interest rates later this year, offering some medium-term support for gold. Looking further ahead, the longer-term outlook for gold remains constructive. Persistent central bank demand and ongoing geopolitical risks continue to underpin prices. HSBC projects that gold could approach $5,000 per ounce in the first half of 2026, driven by rising global debt levels and continued diversification of foreign exchange reserves. From a technical standpoint, the front-month gold contract is trading within a tight range, highlighting a clear tug-of-war between buyers and sellers. A decisive break above $4,500 could unlock fresh upside potential, while on the downside, $4,400 remains a critical support level if selling pressure intensifies. Given the elevated volatility, a cautious approach to short-term trading is advised, with close attention paid to upcoming macroeconomic data and monetary policy signals. Good luck!
OANDA:XAUUSDLong
by Trade_and_Chill-
18
BTC Technical Breakdown – Smart Money Sell Opportunity📉 Market Structure Price is moving inside a descending channel, which confirms a bearish overall trend. Each rally is making lower highs, showing sellers are in control. The recent push up is corrective, not impulsive → typical of a downtrend. --- 📐 Key Technical Zones 🔴 Resistance (Sell Zone) Price is currently testing the upper trendline of the descending channel. There is a horizontal resistance aligning with this trendline → strong confluence. Multiple rejections from this area in the past = high-probability sell zone. 🟢 Support / Liquidity Zones First downside target: previous range low (local support). Main liquidity zone marked below → sell-side liquidity resting there. Strong impulse move previously left imbalance, likely to be filled. --- 🔻 Pattern Insight Price formed a rising wedge / corrective structure inside a bearish channel. This is a classic bearish continuation pattern. The arrow and SELL marking indicate rejection confirmation, not anticipation. --- 🧠 Smart Money Concept (SMC View) Break in minor bullish structure → Change of Character (ChoCH). Price tapped premium zone of the range. Institutions likely distributing before pushing price lower. --- ✅ Trade Idea (Example – Not Financial Advice) Bias: SELL Entry: Rejection / bearish candle at resistance Stop Loss: Above channel high Targets: TP1: Range low TP2: Liquidity zone TP3: Extended imbalance fill
Long
by Trade_Strategies
Gold Breaks Out on Venezuela Crisis and Dovish Fed SignalsGold surged above $4,400 after a U.S. operation captured Venezuela’s president, sparking geopolitical tensions and safe-haven demand. - OANDA:XAUUSD prices surged above the $4,400 region during Asian trading on Monday. This move was because of a US operation that resulted in the capture of Venezuelan President Nicolas Maduro. This unexpected strike created new geopolitical tensions and increased demand for safe-haven assets. - The market is afraid of further instability in Latin America. U.S. officials hinted at using the leverage of oil for political change. As a result, traders rushed into gold, expecting increased uncertainty and long lasting risk premiums. On the other hand, the Federal Reserve’s dovish stance is supportive of gold. However, good U.S. jobs data could boost the dollar and put a temporary ceiling on gold prices. Gold Technical Analysis - The daily chart for spot gold indicates that the price is rebounding from the strong support at an important junction and is looking for higher levels. This important junction is formed by the strong support of the ascending triangle and the ascending broadening wedge pattern. A break above $4,550 will signal further upside to the $5,000 level. However, a break below $4,260 will signal a downside move to lower levels. The 4-hour chart for spot gold shows the price consolidating during thin liquidity and found support at the $4,380 level. The price rebounds higher during a bullish pattern. As long as gold maintains the $4,260 level, the next move in the gold market will likely be higher.
OANDA:XAUUSDLong
by Mathew_TraderGold
XAUUSD M30 CHART ANALYSIS I 01/081. Price Structure and Technical Analysis The chart shows that Gold is in a short-term corrective phase after hitting a strong resistance level: Trend Overview: Following a sharp rally from below 4,350, gold prices peaked around 4,500 and have begun to consolidate or decrease slightly. Trendlines: The price is trading near an ascending trendline starting from January 6. Currently, the price is moving sideways at the intersection of this ascending trendline and a short-term descending trendline from the 4,500 peak. Volume Profile: The highest concentration of trading volume (POC) is located around 4,445 - 4,461. The current price (4,436) is sitting just below this zone, indicating that selling pressure has a slight edge in the short term. 2. Key Levels to Watch Resistance Zones: 4,445 - 4,460: This is the POC area and the immediate barrier the price must overcome to regain bullish momentum. 4,500: A critical psychological level. Failing to break this level in previous sessions has led to profit-taking. Support Zones: 4,427 - 4,434: The nearest support zone (the light blue demand zone on your chart). If this level breaks, the price could drop further. 4,370 - 4,380: A stronger support zone below if a deeper correction occurs. 3. Market Update for January 8, 2026 According to updated data, global gold prices have trended slightly lower today: The price is trading around 4,442 - 4,446 USD/ounce, down approximately 0.48% to 0.87% compared to the previous session. Drivers: Investors are taking profits after the extended rally, and the USD is showing signs of slight strengthening. The market is also cautious ahead of Friday's US Non-Farm Payrolls (NFP) data for further clues on monetary policy. 4. Forecast Scenarios Scenario 1 (Bullish Accumulation): If the price stays firm above the 4,427 support and moves above 4,460, gold could return to challenge the 4,500 mark again. Scenario 2 (Deeper Correction): If the 30m candle closes below 4,420, a short-term downtrend will be confirmed, with the next target likely being the 4,370 area. Observation: In the short term, prioritize watching the price reaction at the current support zone (4,430 - 4,436). Avoid chasing "Buy" orders until the price clearly breaks above the 4,460 resistance with high volume.
OANDA:XAUUSD
by Geka_Trader
6
BTC/USD ANALYSIS CHART M30 I 01/081. Trend Overview: Bearish The price is currently in a clear downtrend, confirmed by: Descending Trendline: Price is consistently making lower highs and is hugging the diagonal trendline descending from the peak. Position relative to Volume Profile: Price is trading entirely below the VAL (Value Area Low) at approximately . When price stays below the previous session's value area, it indicates that sellers are in control. 2. Key Technical Zones Resistance Zones: VAL ($91,800 - $92,000): This is a crucial psychological and technical barrier. Unless BTC breaks back above this level, it will remain under heavy selling pressure. POC (Point of Control - ): The price level with the highest traded volume. This acts as a magnet for price, but currently serves as strong overhead resistance. Support Zones: Demand Zone ($90,500 - $90,800): Price is currently testing this zone. You can see long lower wicks forming, suggesting some buying interest (demand) is stepping in to prevent a drop below the mark. 3. Potential Scenarios Scenario 1: Technical Rebound (Bullish Rebound) If the current Demand Zone holds, we could see a relief rally to retest the descending trendline and the VAL (). Condition: Needs a strong bullish candle closing above . Target: $91,800 - . Scenario 2: Further Decline (Bearish Continuation) This is the higher probability scenario given the trendline pressure. If price breaks the Demand Zone (closes below ), BTC is likely to drop to lower levels: Target 1: (Psychological level). Target 2: (Previous support structure on the far left of the chart). 4. Trading Strategy Avoid Longing the Dip blindly: Although price is at support, the primary trend is down. Only consider Long positions if there is a clear reversal pattern at the Demand Zone. Prioritize Short setups: Look for sell opportunities on rallies toward the $91,800 - area if price shows rejection (long upper wicks) to trade in alignment with the main trend. Observation: The current candle is sitting right at the edge of the Demand Zone. If there is not a strong bounce within the next 1-2 candles, a dump toward is highly probable.
BITSTAMP:BTCUSD
by Geka_Trader
GBP/USD ANALYSIS IN ASIA SESSION I 01/081. Market Structure & Trend Primary Trend: The price is currently in a clear downward trend. The descending trendline is acting as dynamic resistance, capping any recovery attempts. Highs/Lows: The market is forming Lower Highs and Lower Lows. Currently, the price has broken below a short-term consolidation phase, signaling further weakness. 2. Key Volume Profile Zones The Volume Profile on your chart highlights three critical areas: VAH Zone (Value Area High - ~1.3560): This is the top of the value area. The price tested this level and was rejected sharply, confirming it as a "heavy" resistance zone. POC Zone (Point of Control - ~1.3505): This is the price level with the highest trading volume. The price spent a significant amount of time churning here before breaking down. It will now act as a major overhead resistance. VAL Zone (Value Area Low - ~1.3465): The price has just breached this level to the downside. In Volume Profile theory, when price exits the Value Area, it often indicates a "breakout" search for a new equilibrium at lower levels. 3. Current Situation & Future Scenarios The most recent candle is sitting near 1.3460, just below the VAL line. Scenario 1: Continued Bearish Momentum (High Probability) If the price fails to reclaim the 1.3470 level (the VAL zone) on a closing basis, the selling pressure is likely to persist. The next targets could be the support levels around 1.3420 – 1.3400. Scenario 2: Technical Pullback (Retest) The price might experience a minor bounce to retest the VAL zone (1.3465 - 1.3470) or the descending trendline. If bearish reversal candles (like a pin bar or engulfing pattern) appear at this retest, it would offer a high-probability entry for short sellers. 4. Important Observations Volume Nodes: The horizontal bars on the left show that the area below 1.3460 has relatively "thin" volume (Low Volume Nodes). This suggests that if selling continues, the price could drop quickly as there are fewer historical orders to provide support. Economic Events: Note the US/UK flag icons at the bottom of the chart. Upcoming news events could trigger high volatility, potentially overriding technical levels. Summary: Given the current trend, focusing on Sell opportunities when the price retraces to resistance (VAL or Trendline) is generally safer than attempting to "catch a falling knife" (buying at the bottom).
by Geka_Trader
BITCOIN: Slips LowerBitcoin has experienced another bout of selling in recent hours but remains above the $92,000 level. Our primary outlook still calls for a significant move lower as part of green wave C—specifically, into the green Target Zone between $62,250 and $51,212, where we expect the low of the larger orange wave a to form. After that, we anticipate an extended (though corrective) b-wave rally, which could potentially push back toward the $100,000 mark. Only after this move do we foresee the final leg down in the ongoing wave-(ii) correction.
CRYPTO:BTCUSDShort
by HKCM_Global
EUR/USD CHART QUICK ANALYSIS IN LONDON SESSION I 01/071. Market Structure & Trend Main Trend: The market is currently in a consolidation (sideways) phase following a previous sharp decline. Price is compressing inside a Symmetrical Triangle pattern, defined by the two converging trendlines. Current Price Action: The price is trading around 1.16838, sitting right on the lower support trendline and near the POC (Point of Control) of the Volume Profile. 2. Key Technical Levels Resistance: * The zone between 1.17145 – 1.17204 (the upper blue box). This is the recent local high and aligns with the descending trendline. Support: * The zone between 1.16774 – 1.16876. This is the immediate "hard" support. If a 1h candle closes decisively below 1.16700, the bearish trend is likely to resume. 3. Volume Profile Analysis The Volume Profile on the right shows a massive concentration of trades at the current level (1.16800 – 1.16900). This indicates a "tug-of-war" between buyers and sellers. Once the price breaks out of this high-volume node, a volatile move is expected. Trading Scenarios Scenario 1 (Bearish Bias): If the price breaks below the triangle’s support and closes under 1.16770, the next target could be 1.16500 or lower. Scenario 2 (Bullish Rebound): If a strong rejection (long wick) occurs at this support, the price may bounce toward the upper trendline near 1.17100. However, there is significant overhead resistance. Pro Tip: Since the triangle is squeezing tightly, it is often safer to wait for a confirmed breakout and a retest before entering a position.
by Geka_Trader
7
XAUUSD H1 CHART IN LONDON SESSION I 07/01 1. Overall Trend Dominant Bullish Trend: Since the beginning of 2026 (as shown on the chart), Gold has established a strong upward momentum, climbing from the bottom area around 4,320 to a peak near 4,500. Current Phase: The price is currently in a bearish retracement (correction) after hitting the psychological resistance level of 4,500. 2. Volume Profile Analysis The chart displays key levels from the Fixed Range Volume Profile: VAH (Value Area High) - 4,491: This is the upper boundary of the value area. The price attempted to break above this level but was strongly rejected (indicated by long upper wicks), signaling significant selling pressure. POC (Point of Control) - 4,465: Represented by the bold black line. This is the price level with the highest traded volume. Currently, the price is trading just below this zone (4,463). The POC acts as a "magnet" or a critical short-term pivot point. VAL (Value Area Low) - 4,429: The lower boundary of the value area. If the price continues to drop and loses the POC support, this will be the next target. 3. Candlestick & Price Action Reversal Pattern: At the recent peak (~4,500), small-bodied candles with long upper wicks appeared, followed by a strong bearish engulfing candle. This confirms that Sellers have temporarily taken control. Immediate Support: The price is currently hovering at a minor support level around 4,460. However, the downward pressure remains evident. 4. Forecast Scenarios Based on the current market structure, there are two likely scenarios: Scenario 1 (Recovery): If the price holds the 4,460 - 4,465 zone (POC) and a bullish confirmation candle appears, Gold could retest the VAH (4,491) area. Scenario 2 (Continued Correction): If the 1-hour candle closes decisively below 4,460, the short-term downtrend will continue toward the VAL (4,429) or further down to the old accumulation zone near 4,356. 💡 Trading Observations: Watch the POC (4,465): This is the "battleground" level that decides which side wins in the short term. Economic Calendar: Note the US flags at the bottom of the chart. These indicate upcoming news events that could trigger high volatility.
OANDA:XAUUSD
by Geka_Trader
BTC/USD H1 CHART ANALYSIS I 01/07The current price structure is compressing tightly within a symmetrical triangle pattern. The upper boundary of the triangle acts as a resistance line connecting lower highs, currently capping upward momentum around the 94,000 USD level. Meanwhile, the lower boundary of the triangle serves as a support line connecting higher lows, indicating that buyers are still making efforts to hold the price at higher levels after each correction. The Volume Profile indicator provides key information regarding value zones. The Point of Control (POC) is located at 92,767 USD, representing the level with the highest trading volume. Price is currently hovering right at this POC, showing a temporary balance between buyers and sellers. The Value Area High (VAH) is situated around 94,000 USD, acting as a strong overhead barrier, while the Value Area Low (VAL) near 92,250 USD serves as a critical support level. Regarding upcoming scenarios, the market is in the final stages of accumulation. A breakout from this triangle range will determine the next major trend. If the price breaks above the 94,000 USD zone with high volume, the next target will be the 95,500 USD area or higher. Conversely, if the price closes below the 92,250 USD mark, BTC is likely to drop quickly toward the old support at 91,500 USD or deeper to 90,500 USD. A reasonable strategy at this time is to patiently wait for market confirmation. Entering a position right at the POC zone carries high risk as price frequently whipsaws within the triangle model. A candle closing decisively outside the triangle boundaries will provide a safer signal to determine the next direction.
BITSTAMP:BTCUSD
by Geka_Trader
XAUUSD CHART QUICK ANALYSIS M30 I 01/071. Dominant Trend Bullish Structure: Following a prior correction, Gold has established a very clear ascending trendline (the upward diagonal line) starting around January 5th. Current Status: Price is currently trading above this trendline, indicating that buyers are still in control. However, momentum is beginning to face resistance as it approaches previous highs. 2. Volume Profile Analysis Based on the Volume Profile visible on the left, there are three key distribution zones: Overhead Resistance (~4,490 - 4,500): This area shows long pink volume bars. The price recently touched this zone and reacted with a "wick" (rejection), showing significant profit-taking pressure near the 4,500 psychological level. Value Area (~4,460): This is the heart of the current consolidation. The price shows a tendency to return and "retest" this equilibrium zone. High Volume Support (~4,420): If a deeper correction occurs, this area contains the highest historical volume (old POC), which likely acts as a strong floor for the price. 3. Potential Scenarios Scenario 1 (Trend Continuation): Price consolidates slightly around 4,470 - 4,475 (right at the trendline) before breaking through the 4,500 barrier. A high-volume breakout above 4,500 would put Gold into "Price Discovery" mode. Scenario 2 (Technical Correction): Price breaks below the ascending trendline. In this case, Gold could drop toward the 4,450 - 4,460 range to find new buying interest before deciding on the next major move. Summary & Strategy Key Note: The price is currently "floating" between the trendline support and the recent peak resistance. Action Plan: * If you are holding Long positions, consider partial profit-taking near 4,500. For New Entries, wait for a clear reaction at the trendline: either a bullish rejection candle (Buy) or a decisive close below the trendline (Short-term Sell).
OANDA:XAUUSD
by Geka_Trader
BTC/USD CHART ANALYSIS M30 I 01/071. Price Pattern: Symmetrical Triangle The price is currently consolidating within two converging trendlines: Upper Bound (Resistance): Connecting lower highs, indicating downward selling pressure. Lower Bound (Support): Connecting higher lows, showing buying interest stepping in at higher levels. Observation: The price is approaching the "apex" (tip) of the triangle. This usually signals a period of accumulation that precedes a major breakout. 2. Volume Profile Analysis (Key Levels) The highlighted blue zones represent the "Value Area," where most trading activity has occurred: VAH Zone (Value Area High - ~$94,000): This acts as the overhead resistance. A breakout above this level suggests the market is ready to find new highs. POC Zone (Point of Control - ~$92,500): Marked by the red dashed line. This is the price level with the highest traded volume. Currently, BTC is hovering right around this area ($92,767), showing a temporary state of equilibrium (sideways movement). VAL Zone (Value Area Low - ~$92,250): This is the immediate support. If the price drops below this, it could trigger a faster decline as it exits the high-volume cluster. 3. Potential Scenarios Bullish Scenario: If price breaks above the triangle's resistance and closes above $94,000 (VAH), the next targets would likely be $95,500 – $96,000. Bearish Scenario: If price breaks the lower support of the triangle and loses the $92,250 (VAL) level, it will likely drop quickly toward the previous support at $91,500 or even $90,500 (where the lower pink volume bars are located). Summary & Strategy Current State: Market is moving sideways within the triangle. Entering a large position at the POC is risky because of potential "whipsaws" (fakeouts). Action Plan: Wait for a decisive breakout with high volume outside of the triangle boundaries to confirm the next direction.
BITSTAMP:BTCUSD
by Geka_Trader
GBP/USD CHART M30 ANALYSIS I 01/071. Volume Profile Analysis (Value Areas) The chart utilizes the Volume Profile tool to identify key liquidity zones: POC (Point of Control) Zone (~1.3499 - 1.3510): Marked by the red line/cluster, this represents the price level with the highest traded volume. The current price (1.35148) is sitting just above this zone, acting as a "price magnet" and immediate support. VAH (Value Area High) Zone (~1.3565): The upper resistance boundary. If the price breaks upward, this is the primary target for profit-taking. VAL (Value Area Low) Zone (~1.3465): The lower major support area. If the price loses the POC level, it is likely to seek buyers in this zone. 2. Chart Pattern Structure The price is currently moving within a large Converging Wedge or Symmetrical Triangle: Descending Trendline: Connects lower highs, exerting downward pressure on the price. Ascending Trendline: Connects higher lows, acting as the foundation for the short-term uptrend since January 6th. The price is nearing the Apex (the tip of the triangle), suggesting a significant Breakout is imminent. 3. Expected Trading Scenarios Based on the current positioning of GBP/USD, there are two main scenarios to watch: Scenario 1: Bullish (Upside) Condition: Price breaks above the descending trendline and closes firmly above the POC zone. Target: A retest of the VAH (1.3565) and potentially the previous peak near 1.3600. Strategy: Consider a Buy entry upon a successful retest of the trendline after the breakout. Scenario 2: Bearish (Downside) Condition: Price gets rejected at the descending trendline and falls through the POC (1.3499). Target: Price will likely drop to the ascending trendline; if that fails, the next target is VAL (1.3465). Strategy: Wait for a break below the ascending trendline to enter a Sell position. 4. Overall Assessment The market is in a Consolidation phase. The fact that the price is hovering right at the POC indicates an equilibrium between buyers and sellers. However, the recent candle action shows a slight recovery bias.
by Geka_Trader