Market structure was broken to the downside, Nzd/Cad is now creating lower lows and lower highs. Price is retracing to one of our key Fibonacci levels, which is also the previous broken low of structure. After the bears show strength in the lower time frames (1H, 4H), we can look for sells to create a possible new lower low. If the bulls show strength in the lower...
OVERALL TREND- BULLISH ON THE DAILY (OVER 200EMA) and at a corrective retracement of a key support structure level. Again looking for long setups based on key support levels, looking to break into higher highs with a potential bounce retest of a major key support level at 1.380 and 1.380 Otherwise we have a key support level between 1.367 and 1.368 that price...
OVERALL TREND DIRECTION- BULLISH ON THE DAILY, and currently at a corrective phase and at a key support level. We can see that price has tested the lowest zone broke into newer highs and is currently in a ranging channel that is likely to breakout to make higher highs considering the overall trend direction. Looking for long setups only from this one based off...
OVERALL TREND- HEALTHY UPTREND ON DAILY, CURRENTLY IN A CORRECTIVE RETRACEMENT ON THE 4H TF, WITH THE POTENTIAL TO BREAK INTO HHs. We see price currently in a ranging channel that's being tested multiple times from an overall bullish move on higher TFs. Currently looking to make Higher highs unless price decides to make lower lows, at which may signify an...
We will probably touch the red mid fork line before a little retracement to the bottom of the triangle. Remember, XRP will not moon until the SEC case is settled. There will also be more fake outs, so do not rush your position, the price of xrp is also under a manipulated floor until they go online with CBDC. XRP will be the liquidity provider for the worlds'...
This one is a little bit of a reach, but I've done my best to corner it. --- The Offspring and caffeine are the only things giving me life at the moment. They are literally propping my mental up like crutches in the armpit.
What a beautiful ride up. But now it's time to do a pullback. A bearish doji was created are the daily level and it's in the overbought zone with the RSI on the daily timeframe as well. I'm wondering if will make it to my weekly level at 152.725and then will we come tumbling down? Or will we just go ahead and start right away? Only the market can tell us. I have...
This is a very jittery uptrend. And there are a lot of which rejections on my weekly area around 1.94408. I can see this from the daily timeframe. This could mean that we're getting ready for a short and if any reversals are possible, it will happen later part of the week. For now, my targets will be targeting daily levels from both sides. So less he had a market...
Gold looks like isn't perfect position to perform a swing bye beginning this week. We had a bullish engulfing bounce off a monthly level and then was retested on Friday to confirm to buy is a go for this week. I'm only trading it to a lower low that I found on the daily timeframe for now. And if it passes that monthly, of course I'm going to hold it for much...
This pair did a nice swing buy for the entire week last time. But, according to the daily, we may be running out of a little steam just for a bit. I saw that we wicked out at the daily level, so we may be due for a pullback coming down to the monthly area around 3897.3. That will retest the last higher high and then create a continuation up if respected. If it...
Hello Traders! Just wanted to provide a quick update to Bitcoin. We just broke the Opposing Short setup so that's good for Bulls. We may get a slight pullback before continuing with the Shorts being stopped out, but depending on the market, it could keep going. Ultimately, I see us at $67k in no time. Let's see if the market agrees with my analysis. Key levels...
Technical Analysis: The price on the higher time is showing lower lows and highs where it is smashing all the daily supports. Recently, the price posted a correction count toward the resistance (previously support) at 1.4914 USD level. On the lower time frame, the price is forming a bearish pennant, where we expect a breakout to the downside and then a move...
Gold broke a range it held a few days, but needs to fill a wedge to determine its true direction. If bullish, I'm going to ride her as far as the daily level area to 1910.90. If it breaks for the bear, I'm going to swing it all the way down to the monthly area around 1769.11. This is the time of year where gold prepares for a swing trade. So I'm anxious to see...
GBPUSD has been moving is a large slant for a lengthy period of time according to the daily. And a slant with no pullback of any kind means that a drop is coming. The sideways movement we're seeing could be setting up for a major move to the downside, or a temporary climb further up before it comes crashing back down. Time will tell. Here are the TPs. BEAR TPs:...
HELLO Inverted Head and Shoulders on the DAILY!! My levels have already trapped price and all I am doing is waiting for the breakout of consolidation between the 4hr 0.89184 zone and daily 0.88566 area. Gonna enjoy this move when it takes off, so be ready! BULL TPs: • 0.89965 • 0.90343 • 0.90874 • 0.91263 BEAR TPs: • 0.88215 • 0.87596 • 0.87082
Firstly, I identified the general downtrend then looked for key support and resistance levels. These levels were dynamic and consistent with the downtrend. The entry was set at the first level of resistance with the TP being closer to the support level. The SL was set at a key level where previous support had turned into resistance.
2020's bullish run into 2021 has most defintely surprised us all, but is it time for a potential reversal once we've exhausted the 150. level? - I'm personally bearish once liquidity has been snatched between 150-150,500 where retail stops will be on last week's short sellers. -A very interesting week or two coming for this pair I feel, has the mood changed?...
Will it sell to the 1.3715 level and continue the buy trend? Let see how the judges guide us