Fx_steven7

Fx_steven7

The chart you've provided is a technical analysis of Bitcoin (BTC/USD) on a 1-day timeframe, overlaid with what seems to be a harmonic or corrective pattern. Here's a breakdown of the key components: Key Observations: 1. Pattern Identification (ABCD Pattern): The chart outlines an ABCD pattern, a common harmonic formation. A to B: Initial downward trend. B to...

Fx_steven7

The chart you've shared is a 4-hour timeframe for CFDs on Gold (XAU/USD). Here's a breakdown of what the chart shows: Key Technical Elements: 1. Resistance Zone (Blue Rectangle): Price attempted to break above this zone multiple times but was rejected. Acts as a strong resistance level around the 3,355–3,370 range. 2. Support Zone (Red Line): Around 3,232,...

Fx_steven7 Updated 

This chart of XAU/USD (Gold vs US Dollar) on the 1-hour timeframe shows several technical elements: 1. Ascending Triangle Breakout: A classic bullish pattern formed before the price breakout. The breakout occurred above the horizontal resistance around 3,275, which is now acting as a support level. 2. Rising Channel: After the breakout, price moved within a...

Fx_steven7 Updated 

This chart illustrates a Bitcoin (BTC/USD) 2-hour timeframe and suggests a bearish short-term trade setup. Here's the analysis based on the annotations: Key Observations: Ascending Trendline Break: The chart shows a sharp move upward followed by a potential reversal. "STPO LOSS" & "TEAK PRAFTT": These are likely typos and should read: STOP LOSS (around...

Fx_steven7 Updated 

I'm considering a buy position on XAU/USD at 3308 with a target of 3450. Here's a quick breakdown: Trade Overview: Entry (Buy): 3308 Target (Take Profit): 3450 Potential Upside: 142 pips/points Considerations: 1. Stop Loss: Always define your risk. A common SL could be 50–100 points below entry depending on your strategy. 2. Risk-Reward Ratio: With a...

Fx_steven7 Updated 

The chart you've shared appears to be a short-term technical analysis of gold (XAU/USD) on a 1-hour timeframe. Here's a breakdown of what's being shown: Key Levels: Sell Entry Level: Around 3,340–3,360 — this is a resistance zone where sellers are expected to enter. Take Profit Level: Around 3,240 — this is the suggested target for short positions. Chart...

Fx_steven7

This chart shows a trading setup for Gold (CFDs on Gold), based on a resistance (support-turned-resistance) strategy. Here's a breakdown of what it's suggesting: Chart Analysis: 1. Support/Resistance Zones: Resistance Zone (Upper Purple Area): Around 3,250 – Price has been rejected from this zone multiple times (highlighted with red arrows). Support Zone...

Fx_steven7 Updated 

This chart is a technical analysis of Bitcoin (BTC/USD) on a 1-hour timeframe. Here's a breakdown of the key elements shown: 1. Resistance Zone (Top Purple Band): Price has repeatedly touched or tested this level and failed to break through, as shown by the red arrows. This suggests a strong resistance level around the 106,000–107,000 USD range

Fx_steven7

Thanks for uploading the additional chart. This second image continues to illustrate a Head and Shoulders pattern on a trading chart for CFDs on Gold. Here’s a quick breakdown of what it represents: Left Shoulder, Head, and Right Shoulder: These are clearly marked and highlighted with orange circles. Neckline / Entry Line: This is the horizontal blue line,...

Fx_steven7 Updated 

I'm planning a gold trade with the following details: - *Entry Price*: 2340 - *Target Price (FVG)*: 3360 ### Key Considerations: 1. *FVG (Fair Value Gap)* – This suggests you're targeting a liquidity zone or an imbalance area where price may react. 2. *Risk Management* – Ensure you have a stop-loss level (e.g., below recent swing lows or key support). ...