After creating a double top at All-Time-Highs, us30 began a steady bearish correction back to the 37200 key level. Then rejecting and still maintaining the overall bearish market structure on higher timeframes. Now looking on the daily timeframe we see a strong hammer head candle formation after rejecting 37200, indicating a reversal and potential bullish move....
Hey Traders, In today's trading session, our focus is on the NAS100 index as we are actively seeking a selling opportunity around the 15250 zone. NAS100 has been experiencing an upward trend, but it recently broke out of that trend. Currently, the NASDAQ is undergoing a correction phase, gradually approaching the retrace area of the trend near the 15250 zone.
To...
BIAS-SHORT until next level 105.40-105.00 then monitoring that area for PA.
NOTES- Currently fundamentals is against the dollar due to fed meetings on looking to slow down interest rates in the near future. Our next interest hike is on December 14. Will the feds keep up the 0.75% basis hike or will it be 0.50% this time around ? If the feds slow down interest...
Hey traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.242 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Bitcoin needs to move to the upside past this downward trend channel. It broke down below the 1st support of $41.2K. Next levels of support are $29.5K, $20K, $12K.
IMO crypto market needs a washout and needs to clean out most of the junk coins in this space. Unfortunately for that to happen, BTC needs to go through some pain.
Looks like BTC is forming a rising wedge on the 4 hour. With low volumes like this, it looks like this might break down. If it breaks down this move might create a $29-$30K test.
