price might grab liquidity and demand zone below new pushed up the price to a supply zone and stopped ,this was added confluence
H1 - Bearish Convergence. Most recent uptrend line breakout. Currently it looks like a correction is happening. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
✅LITECOIN has hit a key structure level Which implies a high likelihood of a move down As some market participants will be taking profit from their long positions While others will find this price level to be good for selling So as usual we will have a chance to ride the wave of a bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅NZD_JPY is going down currently As the pair broke the key structure level Which is now a resistance, and after the pullback And retest, I think the price will go further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅NZD_CAD is going up now But a strong resistance level is ahead Thus I am expecting a pullback And a move down towards the target SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello! As you can see from the 4H time-frame a clear rejection at R1 and R2 gave multiple rejection, when considering the Double Top chart pattern, this setup fits 85%. I am looking forward to the S area.
Evening Traders, Today’s analysis – DYDXUSDT – trading above its current support level where a deviation to the highs is probable, Points to consider, - Price Action Impulsive - Local S/R Support - Range High Resistance - Low Volume DYDXUSDT’s immediate price action is impulsive, holding a key level as support, allowing for a bullish bias. The Range...
Analysis: Yesterday Gold made a huge downside movement with 23% retraction, That was a nice entry point for the Short position. According to the current situation, the price has already broken the support level and tested as resistance twice. Entry Point for Short Trade: Currently ideal time for entry If you like clean analysis like this please follow for...
If you have missed this one, then your chances are back. Our uptrend was broken then the price went back to the higher levels where it was trading last week. More confluence means less risk. RSI is reaching critical levels pushing bears more. The price can still trade inside the resistance zone for a couple of days, so trade safe and best of luck ! If you like...
GBP_USD has almost reached the resistance of the greater and the smaller upward parallel channels That sits on the strong daily resistance level When the price reaches this area, I will be looking for a short opportunity. Like and Subscribe!
EURCAD Short- Triangular resistance. Tight stop good target
If you missed the set up here: My algo has spotted a new sell opportunity that may allow you to jump on the train (red zone) before a new LOW (green). Good luck!
Price is trying to break the resistance level.
I think there's a chance of USD/JPY going long if there's a break through the first red resistance line, however, if it falls beneath the black line. Possible short. Blue lines = supports
The price has increased rapidly these days, including gaps in that rise, after a clear double bottom at a price level around 20400. This has caused the price to approach a resistance that is close to the level of 21100, Which being a round number, psychologically is a great level to see a rebound. Waiting for a rebound in the resistance, may be most likely, but be...
I believe the close above long term 61.8% retracement is confirmation that downtrend is over. Looking for reversal at the listed support/resistance levels. this is not investment advice and is purely for educational purposes. best wishes, M
Hey all, im currently short EURCAD at a potential reversal point. Looking to take it down to the retest of major resistance.