FIGURE 5.6 Defining Targets or Exits on the AUDUSD Bullish Highway Trading a trend requires that you constantly look ahead and target lev- els to overcome. The purpose of this rule is to increase confidence in the trend by providing realistic goals, managing risk by providing definable risk levels, and taking advantage of profit-taking levels. The rule also allows the trader to stay in synch with the trend’s step-by-step progression. Failure to follow this rule will lead to increased uncertainty and increased fear, and will likely lead to traders’ exiting trends before their time. Follow the road ahead. Reach the exits along the way and attack the currency trends one realistic and meaningful step at a time.
The main utility for a trader using trend lines is to define a trend. If a trend line is drawn by connecting any two points on a chart and the slope is to the upside, this is indicative of a bullish trend line. If the price is above a bullish trend line, the bias is, well, bullish. I did not say it was difficult. That is not the point. The point is, “Is it effective?” Let’s look at a typical example. Figure 8.1 shows a bullish trend line. After the lows at points 1 and 2 are established, a bullish trend line can be drawn. The price moves steadily higher with higher highs and higher lows. Near the 1.3101 area, the trend begins to stall and the first major correction begins.
Market Structure BNB is in a neutral to slightly bullish phase, trading above the 20 SMA but below the 50 SMA. Momentum is moderate with MACD bullish, RSI neutral at 47.5, and price positioned in the upper half of the Bollinger Bands.
What Would Change the Outlook A sustained break above the 50 SMA at $740.35 would confirm a stronger uptrend. Conversely, a drop below $600 would increase bearish pressure.
ALGO is actively trading above its 20-day ($0.115), 50-day ($0.113), and 200-day ($0.114) simple moving averages.Support: Holding strong at $0.110. A drop below this risks a pullback to $0.105.Resistance: The immediate resistance lies around the $0.120 mark.
- expecting price to RISE in the short term, long bias as structure is holding above demand and bullish indicators are dominant - first target is 81,080 (minor resistance), then looking for a move toward 81,708 and 82,000 if momentum continues - ideal entry is on a pullback to the 80,380–80,572 area (fair value gap + minor support), look for lower timeframe bullish reversal (engulfing, pin bar, or strong bounce) - take profit at 81,080 and scale out at 81,708 and 82,000 - if price closes below 80,000 or loses 79,981 (most recent swing low), bias flips bearish and setup is invalidated
#ETHE #BTC Current Status: Ethereum is consolidating around $2,329, down 53% from its August 2025 ATH Technical Signal: Neutral overall but with bullish short-term momentum (1-week/1-month buy ratings) Oversold Condition: RSI near 40 suggests potential reversal opportunity Fundamental Strength: Strong network effects, institutional adoption, and deflationary tokenomics Risk Factors: High gas fees, competition from faster blockchains
BTC hovers near $81K USD after peaking at $126K on October 6, 2025, now 28–36% below that ATH with market cap at $1.62–1.65 trillion. Supports at $80.8K–$94K are key, with 79% of traders long per IG data#BTC #crashmarket