Evening Traders. Second analysis – SRMBTC –trading in a probable falling wedge that needs to break resistance for confirmation, Points to consider, - Trend approaching apex - Structural S/R (support) - Possible bullish divergence forming - Stochastics buy cross SRMBTC’s trend is approaching its apex where a break will be imminent; breaking bullish will...
Evening Traders, Today’s analysis – BTCUSD – price establishing a local range, currently putting in a probable bearish retest of dynamic resistance, Points to consider, - Range Deviation - Range low (support) - Range high (resistance) - Declining volume A range high deviation shows weakness in the immediate term, this allows us to have a bearish bias on...
BMRN selloff seems to be over and this is a possible entry point, some resistance at 80 but if we breach 80 we might se 88 shortly after. Very volatile market. Your thoughts.. is this a stock worth investing in? Stay safe, Ev
Evening traders, Second analysis – NZDJPY – rejection from Daily S/R currently trading in a small equilibrium with the dynamic support being the immediate target, Points to consider, - Macro Trend Bearish - Daily S/R Resistance - Dynamic Support Confluence (200 MA) - Oscillators Divergence - Volume Declining The macro trend is bearish with consecutive...
Evening Traders, Today’s analysis – USDJPY- establishing a probable double bottom with range high target. Points to consider, - Trend double bottom structure - Range low support (Double Bottom) - Range high (Resistance) - Oscillators Divergence - Oversold Conditions USDJPY’s immediate price action is bullish establishing a double bottom formation, a...
Evening traders, Second analysis – ONTUSDT- a bearish retest likely to form with the immediate target Daily S/R, Points to consider, - Trend ranging - Daily S/R (support) - 200 MA Resistance (bearish retest) - Resistance confluence - Oscillators divergence - Low volume ONTUSDT’s intimidate trend is ranging between two key levels. Breaking either will be...
Evening Traders, Today’s analysis – ALGOUSDT –price action is at a key pivot, currently holding the Daily S/R Points to consider, - Trend impulse sell - Daily S/R Support - 21 MA Resistance - Oscillators below 50 - Bearish PA ALGOUSDT has had an impulse sell into key Daily S/R which has multiple technical confluences, proving it to be a true trade...
Currently the trend is upwards. Price and oscillator momentum is readable to an extent. We can expect the price to fall below support line. RSI is indicating opposite highs and lows. Hopefully we can track more here.
Evening Traders, Second analysis – EURNZD- holding Daily S/R with bullish price action, local S/R retest probable, Point to consider, - Impulse sell - Daily S/R (support) - Oscillators diverging (Resistance) - Volume influx EURNZD has had an impulse sell into key Daily S/R that is currently holding support. Being a HTF support, a bounce here is probable....
Evening Traders, Today’s analysis – CADJPY – confirming a bearish divergence and breaking Daily S/R, lower targets probable, Points to consider, - Swing high failure - Daily S/R (resistance) - Local S/R (support) - Oscillators divergence - Bearish Price Action CADJPY’s recent high was not exceeded, establishing a valid failure swing. This allows us to...
Evening Traders, Second update – DXY – likely to rise if the immediate swing high gets taken out. Points to consider, - Descending broadening wedge (break) - 21 DMA local support - Daily S/R confluence (.618 Fibonacci) - Swing high immediate target The DXY has broken out of its clear descending broadening wedge. Price action has confirmed support on the 21...
Evening Traders, Today’s analysis – GBPNZD – market structure holding bullish with consecutive higher low and higher high projection, Points to consider, - Ascending channel (HH’s & HL’s) - Support confluence o Market Structure o 200 WMA o .50 Fibonacci o Channel Support - Resistance ( Channel Median) - Oscillators...
SU SUNCOR is oversold, and I'm using 3 indicators to confirm that. The reasons why I bought now: Warren Buffett added SU George Sorros added SU and lastly, because it is oversold. It is also a common consensus that this company will flourish if JB wins the US election. Happy trading and hit like if you found this useful and helpful. Thanks, E
Evening Traders, Today’s analysis – NWCUSDT – testing daily S/R with a valid liquidity run, swing high is the immediate target. Points to consider, - Bullish trend (consecutive higher lows) - Swing high ( trend pivot) - Daily S/R (immediate support) - Oscillators divergence - 200 MA support - POC liquidity run The immediate trend for NWCUSDT is considered...
Repost** Evening Traders, Second Analysis – GBPAUD – Strong impulse sells likely to lead to an oversold bounce play, following technical points to consider, - Trend aggressive sells - Weekly S/R HTF Support - .618 Fibonacci (lower high) - RSI oversold - Stochastics flat - No volume climax GBPAUD is respecting its weekly S/R in the immediate term. This is a...
Evening Traders, Second analysis for today – EURUSD – how Price Action is approaching range high is considered bearish with a rejection being probable. Points to consider, - Range high resistance - Bearish Price Action - .618 Fibonacci confluence ( Range low) - 200 WMA support - Oscillators overextending EURUSD is approaching its range high, a technical...
Evening Traders, Today’s analysis – SPY – possible blow of top with further downside probable, following technical points to consider. - Bearish PA (swing high) - Valid bearish divergence - Weekly S/R support - .618 Confluence (200 DMA&DEMA) - Increasing volume SPY’s immediate price action at swing high is bearish; a large wick on a weekly candle usually...
We got in here on cable after a clear SMA cross had appeared. No major data out of either country until 13:00 GMT which gives this position a good 4hrs before we need to either take profit or stop loss. All of my criteria was met with this trade hence why i decided to enter. The stop loss was fairly big but i decided to enter anyway as this trade set up was very appealing.