Correction
AUDUSD Short Term Sell IdeaD1 - Price has reached a strong resistance zone.
Bearish hidden divergence followed by continuing divergence.
H1 - Bearish trend pattern.
Currently it looks like a correction is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
EURNZD Short Term Buy IdeaD1 - Price has reached a strong support zone.
Bullish hidden divergence followed by a continuing divergence.
H1 - Bullish convergence.
Currently it looks like a correction is happening.
Until the strong support zone holds my short term view remains bullish here.
BTC has to finish it's correction. Hi everyone,
I'm back with my new idea about the bitcoin. It have to finish its correction to under FIB 0,786 like every other time and altcoins.
You can see the other idea's I had about BTC in related ideas.
I'll be glad to see your idea about it.
Regards.
MANA /USDT LONG +4%momentum
correction
liquidity
price action
market structure
liquidity
demand zone
$DXY Correction?The DXY has been on a rip in 2022 with the US Dollar rising significantly against major currencies. This channel has been pretty consistent and the latest price point is at the peak of it. A strong DXY tends to correlate with weak stocks and risk on assets. Vice versa, a correction here would provide some relief for the markets and currency pairs such as the EUR and GBP which have been in free fall this year.
I'm not convinced the DXY breaks that upper resistance here, especially with the mid terms around the corner. I'd expect a correction and then the macro / risk on/off environment will determine whether the price rebounds nearer the bottom of the channel.
I'm mid to long term bearish on the economy therefore I don't believe we've seen the top of this DXY run. Nevertheless, those trading short term may find value in this price action and correlation.
GBP/CHF LONG TRADE Hello traders
In the next trading session, we await GBP/CHF for a buying opportunity if we get confirmation that the trade will be executed
GBP/USD LONG TRADE Hello traders
In today's trading session we are buying GBPUSD
Target
Level 1.23780
LINK / USDT SHORT TRADE link/usdt short trade (short trem )
wave analysis
price action
key level
momentum
correction
EUR/GBP SHORT TRADE Hello traders
In the next trading session, we await EUR/GBP for an opportunity to sell if we get confirmation that the trade will be executed
USDCHF Impulse CompletionUSDCHF is trading in a downtrend; the price will continue to move in the bearish direction. We are in an impulse move phase 1-2-3-4-5 sequence. Waves 1 and 4 are not overlapped making it a good pattern also the wave 1 and 2 are not equal. The downtrend wont last long but worth looking into.
USD/CAD corrective mess triangle/complex correctionthe wave count dictates that we are in wave X of a minute degree and yet we haven't show the complete pattern so here is the probabilities:
1) Triangle : it is the highly probable pattern, and since the wave B/X is smaller than A/W and wave C/Y is bigger than wave B/X allows us to assume that a probable triangle would be a barrier triangle, with that being said we should anticipate price being supported at the red line, currently price has made and distinguishable abd correction but even with the NFP report coming out it positive for the Green price couldn't complete wave D this indicates to us that price is preparing a WXY correction inside of wave D but this still remain to the price to make it.
2) WXY : this is probable if price hasn't been supported at the red line we can assume that this corrective pattern is not a triangle which led us to this probability (WXY correction) but we cannot confirm this count until the price break the green line that server us as a support .
3) WXYXZ : as all wave practitioner i do know that this correction is rare but it still possible if price didn't visit the red support and continue it's rising.
MATIC / USDT LONG Hello traders
In today's session, we are watching the cryptocurrency Matic for a short-term buying opportunity after closing the downside wave for a small correction. Our first target is the top, and the second target is 1.27 FB Level.
USOIL Local Short! Sell!
Hello,Traders!
USOIL has retested the horizontal resistance
After is made a rebound from the lows
So a correction is needed
Therefore, a move down
Is to be awaited
Sell!
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