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.
Evening Traders, Secondary analysis – NZDUSD – respecting daily S/R with a range deviation, price is likely to test lower levels. Points to consider, - Bearish price action - Daily S/R resistance - 200 DMA support - RSI bearish divergence NZDUSD is likely to respect range high due to its recent bearish price action. Breaking impulsively back into range...
Evening Traders, Second analysis – GBPUSD- short trade with risk defined above range high, technical points to consider, - Double top resistance - Range mid confluence (200MA) - Range low extended target - Bearish price action GBPUSD’s initial rejection is very bearish, establishing a double top at range high. Price action is likely to test range mid, the...
Cable is in a massive down trend so i will be looking for the downwards cross of the 5 and 10 SMAs. No major news out today of either country so there will be no need for an early exit.
Evening Traders, Today’s analysis – Scalp opportunity on BTC, following are technical points to consider, - Range low double bottom - Dynamic Resistance breached - .618 Fibonacci retest - 21 MA support - Range high target A double bottom deviation back into range shows demand below range support, this is considered bullish. The Dynamic resistance in...
Evening Traders, Today’s analysis – NZDCHF- testing dynamic resistance where a rejection is possible, price is likely to range. Points to consider, - Trend bearish (consecutive lower highs) - Weekly S/R (Resistance) - Daily S/R (Range support) - Oscillators above 50 - Key dynamic resistance NZDCHF’s immediate trend is bearish with consecutive lower highs,...
Evening Traders, Today’s analysis – USDCAD – consecutive lower highs into weekly S/R, price is likely to pivot. Points to consider, - Trend bearish (dynamic resistance) - 21 MA resistance ( confluence) - Weekly S/R (key support) - Oscillators technical bullish divergence - .50 Fibonacci target USDCAD’s immediate trend is bearish until the dynamic resistance...
Evening Traders, Today’s analysis – GBPJPY – putting in a bearish retest, price is to test support, the next technical trade location. Points to consider, - Trend bearish retest (Daily S/R) - Support confluence (.50 Fibonacci & 200DMA) - Oscillators diverging - Volume below average GBPJPY has had an initial rejection from its Daily S/R, putting in a...
Evening Traders, Today’s analysis – BTCUSD- strong impulse sell from $12 K psychological, current weekly S/R is at the pivot point for the macro trend. Points to consider, - Bearish PA - Liquidity buy back - Valid volume climax - Bearish retest ($11.5K) BTCUSD continues to trade with bearish price action, no bull volume follow through evident, this allows us...
Evening Traders, Today’s analysis – DXY- testing key weekly support where a bounce is probable, Points to consider, - Strong bullish divergence (daily timeframe) - Oscillators overextended - Impulse sell into macro support - Local S/R target On the weekly timeframe the DXY is resting on major support, price action has a probability of bouncing here. The...
It looks like we have a reversal on our hands here on Cable. I will only be looking for shorts today!
Evening Traders, Today’s analysis – ZECUSDT – breaking above key dynamic resistance with a retest, a move to swing high is plausible. Points to consider, - Weekly S/R respected - Dynamic Resistance (retest) - 200 EMA support - RSI respecting midpoint - Swing high target ZECUSDT has respected weekly S/R which allows us to have a bullish bias on the market....
Evening Traders, Today’s analysis – EURUSD – impulsive break of weekly S/R, a retest will allow for a valid long. Points to consider, - Impulse bull move - Weekly S/R support confluence (200 WMA) - Local resistance holding - RSI wedge - Volume declining Price decisively broke weekly S/R, a bullish retest will solidify the level. This allows us to have a...
Evening Traders, Today’s analysis – NZDUSD- testing key weekly S/R with resistance confluence, a move down is plausible. Points to consider, - Trend oversold bounce - Macro weekly S/R ( resistance) - 200 WMA confluence - Swing low failure (.50 Fibonacci) NZDUSD’s price action recovered from oversold conditions, now likely to respect weekly S/R allowing for...