• The broken uptrend line was retested by LTC/USD, as seen on the H4 chart, and it is now challenging the median line of the descending pitchfork. • The 52.30 former low is a significant downside barrier. As you can see, the rate only recorded false breakdowns during the most recent attempts. A larger drop might be rendered invalid by maintaining above 52.30 and...
Here is my idea for this week, It's look like that EURUSD pair is going for a short positio.
Pair: EURUSD Timeframe: 4H, 1D Analysis: Round number level, trend line, volume profile, support and resistance, lowest low ————— Key Takeaway: Approaching the lowest low since 2002, we are most definitely expecting a bullish bounce from this level ————— Level needed: need a close by 1.0000 ————— Trade: Long RISK:REWARD — SL: — TP: — ————— DO NOT ENTER OUR SETUPS...
Ethereum failed to continue bullish trend and broke down to find support at the $1720 area as per my last post, short term bullish on the reversal back up to the $1800 range setting in a new lower high and then continuing bearish trend lower. If bulls do not regain some control price could crab along the $1720 range and fall lower without recovering back to...
Ethereum on the 4 hour timeframe in a make or break situation on the short term. If it holds the trend and can continue to rise past $2000 then hold price confidently, next step is $2150 at the top end of the range where it may encounter heavy resistance. RSI and MACD are in favour of a bullish move as they both suggest oversold on the H4. On the bearish side it...
NZD/CAD: Bullish Reversal running > breakout of bearish trendchannel > Higher-high-higher-low sequence established > weekly high broken to the upside > 200er MA in H4 protecting downside > next downward trendline fard away > POC volume below current levels The setup can potentially pull back a little before advancing. As we are Wall Street Swing Traders, our...
Seeing that AUDcad seems to be failing to close above recent highs. It appears that AUDcad was losing bullish momentum. COT data reported a weakening AUD and a strengthening CAD. Market came to test dynamic Daily Resistence. The test seems to have apprached the resistance in a rising wedge/flag correction. The top of this inner corrective channel formed a Double...
GBP/AUD: Long Reversal running > Higher High and higher low printed > Break out of the triangle formation > POC below current price > Last weekly high far away Structurally, this is a long based on the rules of our Wall Street H/L System. It is, however, a little risky ahead of the FED tonight. Why? Because the decision + press conferent COULD lead to...
GBP/CHF: Long Reversal running > Higher high and higher low printes > inner trendline break > quadruple bottom > POC below current price We are seeing broad GBP-strength, also visible in GBP/CAD, GBP/AUD, GBP/JPY and GBP/NZD. GBP/CHF checks all the criteria for a long entry according to our H/L Wall Street System. Post Fed Meeting The dust has settled since...
EUR/GBP H4: Short pressure rising > Bullish trend broken > Re-Test successfull > break of structure, change in sequence > Need a break of the current inner upward trendchannel Even after the interest rate increase by the ECB, the EUR seems vulnarable, especially because of the ongoing Russia/Ukraine conflict. A break of the last higher low would increase the...
CHF/JPY: Shortsetup in the making > Doubletop formation with falling high in D1 > Lower low and lower high in H4 > Inner trendline broken > Top range of bearish trendchannel > POC above current levels This is a watchlist trade. We would like to see another lower high + outer trendline break to enter short. Check out our bio! Meikel & Team WSI
USD/CHF: Bearish Move ahead > First lower high and lower low > Break of trendchannel > break of structure > POC above current price level > Generell DXY weakness Feel free to discuss and comment! Meikel & Your Team WSI
#NZD_CAD: Longreversal ongoing > Bounce from weekly support zone > Structural break of inner downtrend > Higher-High established > Tripple Bottom > POC below current level Feel free to discuss and comment! Meikel & Team WSI
EUR/JPY: Push lower ahead > EUR/JPY trendbreak > break of structure > lower high/lower low sequence > POC above current levels > JPY ist generally getting stronger Feel free to comment! Meikel & Your Team WSI
gold price are making lower low and lower high a clear down trend on H4 time frame inside yellow parallel lines
CAD_CHF in H4: Watchlist Long > Phase 1 of H/L Setup completed: Trendreversal > Next stage: Phase 2, first bullish wave > Established a higher low/ higher high sequence > Break of bearish trendline needed > Break of Structure would be completed after > POC below current price levels
CHF/JPY: Bears in control > Head and Shoulder pattern > Break of Structure & Change in Sequence to the downside > Countertrend broken to the downside > POC above current price levels *** Join our stream tonight! www.tradingview.com Meikel & your Team WSI
EUR/AUD: Short Setup in the making > EUR/AUD shows a structureal break: lower high with lower low after upward move > short-term trendchannel is broken as well > POC printed above current price levels, wich indicates heavy bank selling Join todays LIVE Stream for free: www.tradingview.com Meikel & Team WSI