We just achieved a higher high on the daily time frame with DXy’s price action. Considering how long the history of the chart covers (several decades) the larger weekly and monthly time frames lower high/lower low & higher high/higher low sequences are probably more important for bull and bear trends than the 1 day is. So even with a higher high on DXY’s 1 day...
Bearish trade idea on the EURCAD 4H...
Price has been in a downtrend for months.
Price is now in a descending wedge and has recently broken most recent outside return to the downside.
Price has touched the upper support trend line 3 times and respected on the third touch.
Price was rejected at the 618 Fibonacci retracement from the most recent swing...
I'll keep the write up short and let the chart speak to you, but a few observations here that a lot of people just won't talk about:
1. Since the runup to $72 AMC has continuously set lower highs.
2. From the peak of $72 in June to the end of November, AMC was successful in countering the lower highs with higher lows.
3. End of Nov AMC broke its major...
Weakness Observed in this current uptrend wave.
1. Series of HH - HL has been broken and a new LL has been created.
2. Continuous decrease in RSI indicates weakness in trend.
This Analysis is not a trade recommendation. It is completely for study purpose only. Do your own study and research before getting into the trades.
EURCHF has managed to create a BOS (Break of Structure) two times over, indicating it may be time to start thinking bullish.
I am looking for entry points around the area of demand that managed to group enough orders to break the new found recent high.
Keep an eye on the lower timeframes for indication of a move.
USDCAD is about to collapse! Since 2021 May, the correction movement has been made. But rising wedge (bearish) pattern is about to end. Do not open a short position immediately wait for a breakout also even better with another small bearish pattern.
📈 EUR/CAD | Potential Upward Movement
💡 Buy Limit Order @ 1.44668
🎯 Target Profit 1 @1.45138
🎯 Target Profit 2 @ 1.45610
🛑 Stop Loss 1.44198
❌ Do not risk more than 1% of your account on each trade
The price succeeded to break the bearish trend line to the upside after the Wyckoff accumulation phase. A lower correction could be seen to the...
We will look at LTO / BTC. As you can see, after exiting the downtrend line, the price slightly moved up. Looking at the 1D interval, you can see that the price has been retested near the support zone (0.00000423-0.00000400) btc. The first resistance line is at 0.00000581btc where the price slowed.
Looking at the current low and high we can see that a...
The market has a high chance of touching the demand zone and the trendline and bouncing up
- it can shoot up and make a breakthrough in the supply zone and retest and then shoop up again.
- the market can shoot up and hit the supply zone then fall and dip down into the demand zone
The video is self-explanatory.
Looking good for a 12% shorting position with a risk of 4-5%.
Manage your risk properly.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe...