The USDJPY reached 142.2, The high of 2002, Wait for price action to be confirmed as continue or reversal. (approximate 142.2 is 0.786% of A ) FX:USDJPY
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Weekly analysis on a few forex pairs EURUUSD, GBPUSD, AUDUSD, USDCAD, and USDCHF. The dollar remains bullish overall implying the USDXXX pairs maintain their bullish strength and the XXXUSD pairs stay bearish until the end of quarter 4.
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Weekly charts are ideal for evaluating the retest of the lows of the stock market’s bottom attempt which reached a higher high in August. Volume on the weekly scale shows lower activity than in the prior weeks. The lows of June are still not yet reached; that is the level that is being retested currently. Support is strong at the 2020 yearly highs, which is also...
Price while moving in downtrend it has recent resistance at 1.1600/1.1657 & also creating a new low breaking the previous one. now on a high tf pov price needs to respect 1.1600/1.1657 as resistance if price is to continue to go down in respect to the downtrendline. And a breakout of the resistance would result in the breakout of the downtrendline leading gj to go...
BTC broke the trendline (rising wedge) on 4hr and retested it, so I entered a first small sell with a tp at next demand zone, but it will very likely hit my SL, so I added an 3x big sell limit at the supply zone above us, that would be a 5RRR. You also can leave TP open and close partial at that level and let rest run till 10k-15k; because this could be a possible...
GBPUSD closed the week with such bearish engulfing move after a retest on a newly formed downtrendline. so if gu is to continue moving down then it should keep on respecting the zone at 1.1939 as its resistance & continue to push down by breaking below 1.1716.
GBPJPY if is to continue to push up to 164.758, then it needs to respect the uptrendline & the key zone at 159.962 as its support. A breakout of that key zone would be a breakout of the uptrendline leading gj to push down all the way to 157.869.
The expected move from the upcoming week is explained through the arrows & marked key zones purely based on trendline & price action.
With an overall bearish trend , GBPUSD has finished a week+ bullish movement by reaching a strong resistance zone . It broke the ascendant channel and started its bearish movement. A successful retest of the zone will confirm the downtrend and will give more confidence to open short positions. Share your opinion in the comments and support the idea with like.
In this weekly analysis, Bitcoin it's in the 0.382% Fibonacci level, what we could to expect a market crash of another 40% to see. I expect that Bitcoin goes to $17,600 USD, and also the most lower price will be around $13,450 USD to watch and look if that price could be the stop of the bear market to know what could to happen in the future. I'm still bearish in...
Summary of weekly price and volume action, as well as net new highs and lows, on the Nasdaq Composite for the week of 7/15/2022. Click on the chart below to view the details:
Price is on a downtrend. Seems like a wyckoff accumulation schematic has started with a change in character. However, price has created sell-side liquidity with a bullish POI nearby. I'm expecting a short term bearish move to take the liquidity and tapping into the bullish POI before we see any uptrend.
Price is on a downtrend. Price is building sell-side liquidity once again. Price has left sell-side liquidity from Mar 2021 - Jun 2021, sitting a lot of stop-losses. I'm expecting price to drop towards the bullish POI below.
Price is on a downtrend, currently at a bullish POI. I'm expecting price to rally from here, taking out the buy-side liquidity created above. However, I do note of the fundamentals for this company and there is also a probability that price can take out the lows at 31.30. I'm leaning towards the bullish price movement.
Price is on a downtrend. Price has just tapped into a bullish POI. I'm expecting the price to do a short-term rally into the bearish POI at 181.22 area before continuing with the bearish trend.