BINANCE:BTCUSDT BINANCE:BTCUSDTPERP Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $BTC has reached the descending channel's bottom and so there're some similarities to check for... Last time that $BTC has reached the channel's bottom ( Formed the...
id call it 68/32 that we have a daily bounce attempt if we hold these lows. id look for a lower weekly high, and some additional bearish activity going into this week. weve had a good rundown toward support that did break lower on the real body of futures and cause momentum toward backwardation. 5-6 weeks of red usually calls for a countertrend rally and elliott...
The price is going to have a retracement after 4 months of the uptrend and now it's testing an important area as new support. The price could have a pullback before a new bearish impulse until the monthly support. So, how we can approach it? IF the price is going to have a pullback, According to Plancton's strategy , we can set a nice order ––––– Keep in...
On 1H TF BTC's dropped to 35250 with the complete impulse wave. Right now, it's trading around 35800. After impulse wave, the correction wave will happen, pullback to 42800. Wait and see
USDCAD SHORT IDEA SUPPORT AND RESISTANCE ........................ TREND ........... PRICE ACTION ......................... CANDLESTICK ANALYSIS ....................... FAKE OUT ........................... PULLBACK ................... CANDLE PATTERN ................................ ............... ..............>>>>>>>>>>>>>>>>>>>>>>>>. ANALYSIS ...
After a sharp move up during the Interest rate decision yesterday has actually showed us what will be the main direction. Once again, we're heading towards a breakout of the previous lows and our next target at 1,0400. That gives us new opportunities with stops above 1,0642. Today we're expecting the NFP which will most probably cause big moves again and it...
Price action and chart pattern trading setup > Falling Wedge Ending Diagonal - Bull Trap or Pullback? > Entry @ downtrend line breakout of wave 2 and wave 4 or SMA50 zone > Stoploss @ the lowest minor wave iii/v estimated position - downside limited for final wave 5 -10 - 15% and can be truncated > 1st target at wave 4 position for short term trade and wave 2...
We've been tracking the DXY for a while now as it's rallied up into 2017 highs only to hold a structure followed by a break below, close below. This price action pattern allows me to make a bearish prediction with my personal tactic of entry being to wait for a pullback into previous structure resistance. Our pullback has occurred & is currently looking to once...
I see a tall trading range within a Bear Trend on the Daily Chart. It has hit the highs multiple times. The DAX40 is dropping , could the NAS also drop . (there is often less correlation, in fact the European indices usually follow the US indices) I'm going short on the NASDAQ...
If price action stay below 37.2k, we can see a downtrend in the next week. Price above, we can expect a right shoulder formation. I'm thinking is most probably a pullback to 40k after breakdown. Oscillators: Ehler's Even Better Synewave and Ehler's Smoothed Stochastic.
Today is FED's Interest Rate decision. We're expecting to see a rise from 0.5% to 1%. A rise will definitely happen but what's more important is by how much and when would be the next one as well. Technically, we're in a strong downtrend which is more likely to continue therefore we should see lower values. The Interest rate decisions normally cause big moves...
EURUSD has formed a range at the 1.05 level over the last few days suggesting a support has formed here, at least temporarily. If this support is indeed a strong one, we will see a break of the structure on lower timeframes to at least 1.0650-1.0675. I'm not as confident Euro can rally higher than that, we'll more than likely continue some ranging structure if...
Like we said yesterday, this week we're expecting a new low. We could place our SL above the levels of 1,06 and our first targets would be 1,04. We've got FED Interest Rate tomorrow but until then we can see lower values. Reversal candles around 1,0550 are considered a good sell point.
The downside move continues and it looks like we will see another low on EURUSD. The pullback that happened on Friday gives us a chance to enter short again with targets at 1,0400. This week, we also have FED Interest rate as well as NFP. That could possibly mean big moves and potential reversals. At the beginning of the week, we're looking for a breakout of...
PULLBACK TRADE IDEA Buy INTELLECT around 760-765 levels SL: 749 (Closing Basis) Add more above 810 - Pyramiding (Increasing Position Size) Targets..900..980++ Note: 805-810 is the support level which is currently broken by the stock. This level will now act as resistance, stock will boom further up if it crosses this level decisively This is not an...
We see a new low on EURUSD every single day. Today, we're expecting the same. In case price breaks below the previous low, we will be looking to close all short positions. After such a move, there's always a time when the big players collect profits and close their positions. That usually creates a pullback. This is not going to reverse the trend but it will...
D1 - Price is bouncing lower from a key resistance zone. Bearish convergence. H4 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two key resistance zones hold my view remains bearish here.