SPY on a 120 minute chart uptrended from October into late March. A standard Fibonacci retracement for this trend down could take it down to the 475 range or about another 10%. Current price is under the daily SMA 50 ( blue line) at 495 and could continue to fall into the SMA 100 ( green line) which is confluent with the Fibonacci retracement level. ...
DJT, the Trump media company, had a massive run up after the DWAC merger only to fade and fall with the SEC filing showing minimalistic revenue and negative earnings. It moved up in meme fashion but is now falling as fundamentals come to light. In five months the namesake will be able to sell if there is any remaining value. In the meanwhile, the board will...
OANDA:NAS100USD Retest at 17 438 for a potential move to the downside after price broke bullish structure on the 1h.
FX:EURUSD A break below 1.08940 Daily support has simultaneously broken bullish structure on the 1h, 4h and daily timeframes changing my bias to a bearish bias. a retest back to the 1.08940 area as daily resistance and a 4h bearish engulfing candlestick is enough confluence/confirmation to short EURUSD.
FX:GBPCAD Overall structure is bearish based of the weekly, 4h and 1h timeframe solidifying my bearish bias. price broke below 1.69858 daily support and made a retest as resistance. a bearish engulfing candlestick on the 1H was my entry candle to go bearish on GBPCAD
FX:EURUSD Overall structure based on the weekly, daily 4h and 1h is bearish. Price closed below 1.08368 4h support and made a retest as resistance with a bullish engulfing candlestick being an entry confirmation to continue sell bias
📉 The GBP/USD currency pair is currently showing a bearish bias as it approaches a key support level at 1.2100. 📊 Technical analysis suggests that a pattern breakout may expose the key 1.2000 level, indicating further downside potential. 💰 Our trading opportunity is to sell at the current level of 1.2098, with a take profit target of 1.20421 and a stop loss at...
Short Bias on BINANCE:BTCUSDT Entry: 16570 SL: 16832 TP1: 16255.3 TP2: 15888.5 BTC is RN clearly dominated by the market bears. The chart pattern breakout is another indication of the bearish move. It seems like BTC RN retesting the TL. Trade your levels accordingly. Your feedback would be appreciated. Best of luck!
GBPAUD has been trading within the confines of the resistance zone of 1.78501 and support zone of 1.71832 since April 2022 . Despite numerous speculations that the pair might break through the resistance of 1.78501 and move up higher , the price recently has been giving signs that its not yet ready for an upward move. We can also observe an Evening star...
Scalping with the volume weighted moving average in a self-explanatory chart. For educational use only.
Scalping Volume Weighted MA + AB=CD pattern projection. Self-explanatory. For educational use only.
Now is a chance to enter a long during the rally. -My overall bearish bias for GBPJPY is bearish. -Price is currently in an area of support. -The previous 4h candle ended in a doji and appears to be forming a morning star candlestick pattern. -A formation of the candle stick pattern along with respecting the support area is showing that price is building bullish...
link has broken out of the 1month long channel, doing a retest right now and it is a good chance to start building up your short position from here, as my bias is bearish, i think btc will kiss the 54-55k and then comes the blood, a lot of blood, where drowns the Chainlink, might take more than a month
If you like this idea, like it and follow me for more. Colour key: Blue = Monthly TF, Pink = Weekly TF, Grey = Daily/4H TF. I'm trying out a new strategy which puts a larger emphasis on the bigger picture i.e. the monthly/weekly trends. As you can see, i've marked out several supply and demand (S&D) zones where price has reacted in the past. I've also marked out a...
Here is part 2 of my EURUSD ANALYSIS. Look below for the original analysis. Price has begun it's bullish move to the upside and is pulling back as expected. I will be long on EU until price meet resistance and form a bearish candlestick pattern, then I will look to short. Here is the image of the original analysis performed on March 28
Price appeared to have broken the low during the previous month. This monthly candle appears to be a retracement or a retest of that level. So far it a look as if price will respect that level and may be signaling it's setting up to make a large push to the downside. The weekly time frame show a double top, with a retest to the neckline, price also met...
as you can see this pair can be longterm bearish scinario. Feel free to reach me :)