AUDCHF is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
What you guys think of this idea?
EURCHF has been trending down the past year, and has only trended up because of the first SNB news and then because of the CPI news. SNB is the first to cut rates which explains this sudden uptick, however it is very overbought and should be going down very soon.
Happy trading!
BINANCE:DYDXUSDT
KUCOIN:DYDXUSDT
Hello traders.
I believe in DYDX, why? Because this all-season (before or after halving) DEX (decentralized exchanges) are going to be under more attention.
right now, there are 3 scenarios in front of the traders.
in 1 & 2, the price can retest the 2- or 4-hour Bollinger midline and then retest the lower level of...
XAUUSD still on bearish trend on 4H TF and want to find their lower high (2047 - 2049). If trendline break very possible to going into their lower high before (2064 - 2065) or maybe higher at their higher OB (2085 - 2088). I am looking for Buy setup on LTF at 4H FVG. On LTF there is a support area too on 4H FVG. Pretty good for entry and waiting for rejection...
I believe this bearish move, which we are observing in the 1-hour timeframe market structure, is a bearish corrective move. Consequently, there is a possibility of a bullish continuation move in the Dollar.
Upon closer inspection, we can see the formation of a reverse head and shoulder pattern , which is an intrinsically reversal pattern and signals a potential...
We are in a downtrend and we have a support holding has a strong resistance right now,i will be expecting price to continue downside when the market opens. The last two touches are forming a double top at the resistance so i will be looking for price to continue to push down, Also there is a retest of a bearish chart pattern.
The market leader has corrected to fall at long term trendline support.
Keep this in the list to be studied.
Note: This, like all other posts, is not a buy/sell call. It aims at spreading awareness and anybody making a financial commitment has himself/herself to credit for gains and blame for losses involved.
#BajajFinance #BAJFINANCE #NSE #nseindia # bseindia
Check out these advanced trendline trading techniques for NZDJPY.
If you're seeking a counter-trend trading opportunity, watch out for a Magic Candle Confirmation (MCC) on the Bearish Trendline.
This will signal an entry point for a short trade.
Once the pair touches the next trendline, consider shifting your stop to entry and decide whether it's a...
The price has lost 50 Moving average and EMA top. Heading to 100 and 200 moving averages.
Hopefully 200 MA must give some support or else it can reach more downside .The lower low price action indicates bearishness and no sight of uptrend .
On weekly scale a large bearish wick is worrisome .if price retraced from rectangular box with good volumes there can be...
hello trader’s what do you think about gbpjpy)?
gbpjpy a good time for buying zoon
retest hitting bearish analysts patterns now wai if breakout moves)
key levels 184.309
key levels 185.498
key levels 187.360
The Australian and New Zealand dollars slipped on Monday, guided lower by yuan weakness amid increasing deflationary pressure in China, while traders await a week packed with central bank meetings to keep buying into their interest rate-cut hope.
The Aussie slipped 0.3% to $0.6556
AUDUSD
, having fallen 1.5% last week in the first decline in four weeks. It...
Greetings, Fellow Traders,
Technicals and Chart Explanation
Indicators
Trendline: A trendline is a diagonal line connecting at least two price points, typically peaks or troughs, to determine the overall direction of a trend. In this case, the downward trendline suggests a prevailing bearish trend in USDJPY.
Resistance: Resistance is a price level where...
December 2021 marked a challenging period for Uniswap (UNI) as it navigated through a bearish flag pattern, experiencing a significant drop. Fast forward to the present, and UNI is staging a potential comeback. The charts reveal a pattern shift, transitioning from bearish flags to the formation of a much larger bullish structure—a falling wedge. Let's delve into...
BTC/USD has been on an impressive run, showing resilience and strength as it climbs the charts. However, as we approach significant resistance levels, a keen eye might spot the early signs of a potential shift in momentum. On the daily chart, we are hovering near the R2 pivot point resistance, which aligns with the Fibonacci retracement level of 61.8% – a critical...
1) indian top company
2) prominent company to keep as portfolio stock
3) stock now bearish trending
4) down word channel
5) stock have to buy at this level
6) accumulation of stocks
This analysis uses daily timeframe , and here are some reasons to support seeking a sales position:
1. Currently XAUUSD in bearish position
2. The price in bearish resistance
3. The price also in fibonacci retracement area 78.6
4. The price has the potential to develop a pattern AB=CD
So, we can wait to seek a sale position like waiting for bearish candlestick...
After almost 2 years, ETH is starting a new bull market. It's still a great time to buy before ETH reaches 10,000–20,000 USDT per coin!
So why is ETH bullish? To answer this question, we need to use the Elliott Wave theory and chart patterns on the weekly chart. As we can see, we have a strong Elliott Wave nest (1-2-1-2) with a combination of the previous ABC...
