*-CONSECUTIVE LOWER HIGHS AND LOWER LOWS
*-REJECTED WITH A PIN BAR OF 1.30684 SUPPORT ZONE
*-WE MIGHT SEE A CORRECTIVE PRICE BEHAVIOUR
*-POSSIBLE CORRECTIVE STRUCTURE UP TO 1.33 FIB/RES/TRENDLINE
*-I AM SEEING A POSSIBLE NICE DOWNTREND HERE AFTER WE HAVE BROKEN A MASSIVE&HUGE IMPORTANT UPTRENDLINE
*-PRICE MIGHT ALSO CORRELATE WITH 50 EMA
*-WAITING TO SEE SOME...
as you can see in the picture, these days the BTC is facing with its most important resistance area in weekly time frame.
during this weeks if the price can breaks that, we will have a new long term buy signal! and if can't, we will encounter with the unbreakable support area at the blue zone.
If Dollar Index Weakens XXX/USD goes up. If Dollar Index Strengthens XXX/USD does down.
Looking at DXY I can see a Reversal Pattern form inside the box with a Pin Bar, Doji and what looks to be a Bearish Engulfing Candle. However, the market is uptrending & this could easily be a retest on 98.00 for a continuation upwards to fulfill the -0.27% extension.
Plan...
One of my favourite tools is wedge patterns.
Last year the AUDUSD was a dream to trade using the wedge pattern.
An 'ascending wedge' pattern approaching a level of resistance indicates a sell opportunity is coming up (reversal).
To trade the pattern you will wait for a break below the wedge line before selling, with stop losses above the highest level in the...
This is what I see. I see it as pretty self-explanatory. Some of my other charts are experiments with tools i am using, reason that i post as an educational piece as i am still learning myself.
Technical Analysis:
-Micro downtrend broken and is now being retested on the backside
-Longer term uptrend has a 3rd touch and aggressive bullish candle from the two trend lines
-Support & Resistance in the purple zone
-Correlation with bullish AUD
*Did not look at trading plan before executing this trade*
*Similar to the AUDJPY call but this was a little...
Hi all and welcome to our Sunday Setups a new technical analysis piece where we are looking to showcase our work and highlight our 20 years of professional trading experience at the worlds best Investment Banks.
Our aim is to keep analysis simple so that anyone can follow and learn from our work and hopefully our past performance highlights why we are...
Technical Analysis:
-4h has reversed twice off of the Monthly resistance we have
-4h candle has also closed below our trend line
-On the 1h you can see how nicely price broke through the trend line, it technically already retested it and dropped so we may not see it happen again.
-Purple zone is in confluence with fib levels and where we had price drop on the...
Technical Analysis:
Price on the 4h has just broken structure to the downside showing the maybe for the next few days or even weeks we could be falling pretty heavily. When you look on the 1h timeframe it looks as if EA has a lot of momentum to the upside, which it does for now but at the same time this could be an ABC corrective wave to the upside before...
Daily candlestick failed to break and close above previous 3-months high. Daily bullish candle close around 97.5 price area may lead the price to go low around 96.75 price area and previous daily low during NFP later this night.
Analysis solely based on technical, no fundamental involved.
This trade was triggered earlier this week. However, I chose not to publish it as it was a low probability trade for me at that time for the following reasons:
Market was only testing the ascending trendline support (now resistance)
Normally I would wait for a pullback to retest the trendline before entering to short
Market was also forming a Head &...
The 0.618 retracement level held and the price broke the Parabolic SAR levels as discussed last week.
The market played out with Scenario A and continued to sell off towards the 1.3000 level. This week we have NFP data released which will give the EURUSD a push.
Scenario A: Continued strength in the USD could see the market move lower than 1.3000 and head...
On the chart there are notes that describe in detail a typical way that an altcoin pumps.
In this particular example we notice 5 phases that occured.
a. Price takes out the low then proceeds
with a big pump (Accumulation)
b. Target goes just above the most recent swing high
to trap breakout traders (Distribution)
c. Selloff that causes stop loss triggers
and...
Overlaying fundamental factors on technical information (known as hybrid analysis) allows for analysts to understand what moves the market.
Hybrid analysis is useful in particular when it comes to stocks and options (as opposed to currencies and futures) as direct links can be more easily drawn between stock price and fundamental factors. When used in...
![EURUSD: EURUSD [1-3 days view]](https://s3.tradingview.com/b/BasuW0jC_mid.png "EURUSD [1-3 days view]")
![ZILBTC: How altcoins pump - [Educational] - #TATip](https://s3.tradingview.com/p/pK4KBbf9_mid.png "How altcoins pump - [Educational] - #TATip")
