Ok while im day trading i notice gbpusd is approaching a fairly major support level. Im waiting for either a bounce on this support to catch a little reversal action, or see the price break and retest the level to convert it to a resistance level. Im more in favor of a reversal since we have dropped a long way in price and theres a lot of built up liquidity on...
Evening Traders, NWCUSDT update, trading in a equilibrium closing in on its apex, a break will be imminent. Points to consider, - Trend higher lows (Dynamic Support) - Valid demand zone (wick candle closes) - Price Apex (Support and Resistance converging) - Local Range - Volume profile increase NWCUSDT’s immediate price action is trading in...
I think the pair will retest the ascending support line, as a resistance now, to get a trend reversal decision. Good Luck.
Evening Traders. Second analysis – SRMBTC –trading in a probable falling wedge that needs to break resistance for confirmation, Points to consider, - Trend approaching apex - Structural S/R (support) - Possible bullish divergence forming - Stochastics buy cross SRMBTC’s trend is approaching its apex where a break will be imminent; breaking bullish will...
Evening Traders, Today’s analysis – BTCUSD – price establishing a local range, currently putting in a probable bearish retest of dynamic resistance, Points to consider, - Range Deviation - Range low (support) - Range high (resistance) - Declining volume A range high deviation shows weakness in the immediate term, this allows us to have a bearish bias on...
We are waiting for a third red dot to form around our upper red trendline to consider it objective and buy this one as we have three confluences. Good Luck!
Evening traders, Second analysis – NZDJPY – rejection from Daily S/R currently trading in a small equilibrium with the dynamic support being the immediate target, Points to consider, - Macro Trend Bearish - Daily S/R Resistance - Dynamic Support Confluence (200 MA) - Oscillators Divergence - Volume Declining The macro trend is bearish with consecutive...
Evening Traders, Today’s analysis – USDJPY- establishing a probable double bottom with range high target. Points to consider, - Trend double bottom structure - Range low support (Double Bottom) - Range high (Resistance) - Oscillators Divergence - Oversold Conditions USDJPY’s immediate price action is bullish establishing a double bottom formation, a...
Evening traders, Second analysis – ONTUSDT- a bearish retest likely to form with the immediate target Daily S/R, Points to consider, - Trend ranging - Daily S/R (support) - 200 MA Resistance (bearish retest) - Resistance confluence - Oscillators divergence - Low volume ONTUSDT’s intimidate trend is ranging between two key levels. Breaking either will be...
Evening Traders, Today’s analysis – ALGOUSDT –price action is at a key pivot, currently holding the Daily S/R Points to consider, - Trend impulse sell - Daily S/R Support - 21 MA Resistance - Oscillators below 50 - Bearish PA ALGOUSDT has had an impulse sell into key Daily S/R which has multiple technical confluences, proving it to be a true trade...
$DKSC - Strong support at the bottom of this sling-shot, which has already confirmed the uptrend ... Global PPE equipment business that just went current on OTC Markets. whitechapelholdingsusa.com
Evening Traders, Second analysis – EURNZD- holding Daily S/R with bullish price action, local S/R retest probable, Point to consider, - Impulse sell - Daily S/R (support) - Oscillators diverging (Resistance) - Volume influx EURNZD has had an impulse sell into key Daily S/R that is currently holding support. Being a HTF support, a bounce here is probable....
TRXUSDT bounced on a daily trendline after a nice bull run. IF the price will break a monthly resistance we can see another bull impulse According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡...
Only trade after the fibo retracement hits the 62% point
2day TD9 buy. bottom of linear regression channel. Oscillators very oversold with god mode triggering caution dots on the bottom. The monthly camarilla breakdown levels have also already been hit. I think its about time for heavy relief
Evening Traders, Today’s analysis – CADJPY – confirming a bearish divergence and breaking Daily S/R, lower targets probable, Points to consider, - Swing high failure - Daily S/R (resistance) - Local S/R (support) - Oscillators divergence - Bearish Price Action CADJPY’s recent high was not exceeded, establishing a valid failure swing. This allows us to...
The price has been going down following repeated patterns of small recovery and dramatic fall following. The hope is in the angle of the slope which is less steep. We have seen a big fight between people coming in to buy and strong sellers having the hand on this market. Isn't it normal to expect people taking their profits when this market have seen a super...