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EURGBP Daily Forecast -Q3 | W38 | D19 | Y25| 📅 Q3 | W38 | D19 | Y25| 📊 EURGBP Daily Forecast 🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅ This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price. 💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐 ⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️ 🙏 I appreciate you taking the time to review my Daily Forecast. Stay sharp, stay consistent, and protect your capital — FRNGT 🚀 FX:EURGBP
Long
by JCFRGNT
GBP/USD: Double Top Pattern Detected – Bearish Reversal Ahead!Hello everyone, Ken here! Recently, GBP/USD had a strong upward movement, but right now, we are witnessing the formation of a Double Top pattern – a very powerful bearish reversal signal. So, What’s Happening? When the price forms two consecutive peaks at nearly the same high level, this signals that buying pressure is starting to weaken, and the potential for a bearish reversal is becoming clearer. The neckline is especially critical here, as it serves as the support level, and if broken, it will confirm the end of the previous uptrend and open the door for a strong downward move. Why Are We Waiting for the Neckline Retest? As we can see, the price is starting to slide below the neckline, but to confirm the Double Top pattern confidently, the safer approach is to wait for the price to revisit and retest the neckline. If the old support now turns into resistance, it is a strong indication that the reversal is real, and this is the ideal moment to enter a short trade. Downside Target and Risk Management Once the Double Top is confirmed, the downside target is calculated by measuring the height of the double bottom and adding it to the neckline level. In this case, the ideal target price would be 1.35817, offering a significant bearish opportunity. For risk management, place your stop loss just above the neckline after the retest to protect your capital if the market reverses unexpectedly. Pattern Reliability The Double Top pattern on the 2-hour chart can be very powerful, but like all patterns, its reliability depends on market volatility and unexpected events. However, if the neckline holds firm after the retest and we see strong rejection, the probability of a further decline is high. Conclusion The Double Top pattern on GBP/USD is definitely worth paying attention to. If we see strong confirmation from the market, the potential for a significant drop could be very rewarding. Be patient and wait for a clear signal from the market before jumping in! Wishing you successful trades and big profits!
Short
by Kenn_Nguyen
1
Gold Analysis: Strong Upside Potential from Key Support ZoneHey everyone, Ken here! I'm keeping a close eye on XAUUSD, and right now, gold is approaching a very important support zone that I’ve shared before. This level is not only reinforced by strong buying pressure but also aligns with the trendline, making the potential for a bounce here very high. If price confirms support here through strong price action, such as long lower wicks or a bullish engulfing candle, I believe gold will reverse and target 3,724, a reasonable goal given the current market structure. However, if price breaks and holds below this support zone, the bullish trend will be invalidated, and we could see a sharp decline. This is my personal opinion, not financial advice. Always assess your setups and ensure proper risk management when trading! Good luck with your trades!
OANDA:XAUUSDLong
by Kenn_Nguyen
4
Let me tell you where the important support and resistance are.Hello friends Given the positive price trend last week, we see that the closer the trend approaches its important resistances, the weaker it becomes, and the more likely the price will correct from these resistances. If the price corrects from the specified resistances, the price can move to the specified targets, and we also have a good support area below that we expect buyers to support. *Trade safely with us*
Short
by TheHunters_Company
1
Important resistance blocking the way to the ascent...Hello friends Well, we have a downtrend, and you can see that we have drawn a resistance for it, and the price has hit this resistance twice. After the second hit, the price has fallen to the specified support area, and in that area a double bottom pattern has formed, and the price has been supported. Now, considering the support in this price area, we need to see if the buyers can break the specified resistance or not? If the resistance is broken, the price can move up to the two specified areas, but if the price falls, we need to see if the support that once supported the price and caused the price to grow can support it again or not? So, follow capital and risk management *Trade safely with us*
Long
by TheHunters_Company