CPI YoY: Forecast: 3.1% Previous: 4.0% Actual: ? With CPI on the very near horizon, here are my thoughts on what Bitcoin could do in terms of price action: Bullish scenario - We all know that CPI tends to be a volatile event with aggressive whipsaws in price in both directions irrespective of the outcome. Therefore there is an opportunity to capitalise on the...
if Gold takes out the sell zone as in the red arrow shows, expect a possible rise after a retracement with respect to the strong buy zone. at this moment gold is in range between these two zones, looking at the candles it obvious seeing a bullish momentum candles, indicating a possibility that the sell zone will not hold. seeing a momentum candle on a demand...
It's been a long time since I took a look at the Forex market, so I'll start with our Euro against the USD. If truth be told, I haven't missed much since 3 months ago. As the title says, as see a PingPong game of the EMA 200 and 800 or in other words: It is nothing more than a range. This leads to the simple idea to trade the Reaction. In fact, currently we...
GBPUSD present an opportunity to go short as price return to breakout rang,details on the chart.. Price range is very important, it tells us what time volume is introduced to the market, some traders rely on volume pofile indicator,, ATR and other indicators but it is better to determine volume using candlesticks range. A trader must learn to study!
Just noticed this interesting trendline going back to 2016 that's holding strong, coinciding with a retest of a midrange going back to 2015. Looks primed to head to the top of the range. From there we'll see if it begins a new range above this one.
MDXUSDT was trading in range from last few days, finally today it broke through the range and currently again got range bound. If it gives healthy closing out of the range at 0.655 region, it will be a nice buy setup.
USDCAD is range bound between 1.3320 to 1.3650 region. Sometime ranges are good option to trade just sell the top and buy the bottom. Will USDCAD play this scenario this time ?
Welcome back! Let me know your thoughts in the comments! ** USDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
ETH formed a range between 1780 and 1616 on the 1H timeframe, deviated above reaching a high 1840 just to fall back in the range. Now retesting the range high from the inside. If confirmed, target is range low.
Head N Shoulders- Wyckoff Distribution on top edge Limit order on the previous support of the distribution area Stop Loss on top of resistance Take Profit on the other edge
Shakeout Absorption Confirmative Comeback to the zone Stop loss below support area Take Profit on the other edge 3.63 r/r
Possible short-term range formation after a strong ADA move downward from $0.42 that began in late April. Range extremes are at $0.373 and $0.348. The range highs coincide with a bearish OB as well. A sweep of liquidity just above $0.375 was a possibility that bears must be careful of. Entry: $0.369 (aggressive, more cautious traders can wait for rejection...
• The SPX is trading inside a range, between 4,148 and 4,099. Only a breakout will bring something new; • The 4,099 is a Double Bottom, and if the index loses this key support, we might see it correcting to the next support line, at 4,029, filling the gap at 4,072 in the process; • However, the SPX is still trading above the 21 ema on the daily chart,...
ETH has traded within a range from $1800 to $1965 over the past two weeks. Aggressive bears can wait for a rejection from $1965-$1980 region over the next 12 hours before looking to short. A breakout past $2000 will invalidate the idea. Entry: $1960 Exit: $1805 Stop-loss: $2010 R:R- 3
Last year May 2022 we were exactly in the same spot on AMEX:SPY as we are today. So if you'd just buy and hold you'd be nowhere. TRADING MARKET FOR SURE. MAY 3, 2022 AMEX:SPY : OPEN: 415.01 HIGH: 418.93 LOW: 413.36 CLOSE: 416.38 MAY 3, 2023 AMEX:SPY : OPEN: 411.36 LET'S SEE WHAT FOMC BRINGS.
Last year May 2022 we were exactly in the same range we were exactly in the same range on AMEX:SPY so if you'd just buy and hold you'd be nowhere. TRADING MARKET FOR SURE. MAY 3, 2022 AMEX:SPY : OPEN: 415.01 HIGH: 418.93 LOW: 413.36 CLOSE: 416.38 MAY 3, 2023 AMEX:SPY : OPEN: 411.36 LET'S SEE WHAT FOMC BRINGS.
Since the last bear market in 2018/2019 ETH was gaining in dominance against Bitcoin. It is clear that ETH could show similar weakness against BTC like last bear market. Considering that a recession is highly probably, I have marked two simple scenarios: — ETHBTC will retest the rage lows at 0.056 — If this level does not hold, we could see a retest of the 0.03...
We got rejected of the resistance. Waiting for the 4-hour close to know further direction. Stop above the last highs $1912. Cheers