Evening Traders, Today’s analysis – EURJPY- respecting structural S/R, price action is likely to retrace for a swing low failure. Points to consider, - Bearish Retest (Structural S/R) - Hidden bearish divergence ( RSI) - Stochastics valid sell cross - Volume below average - .50 Fibonacci target EURJPY respecting structural S/R will validate a bearish...
Evening Traders, Today’s analysis – EURNZD- deviating from local swing high, daily S/R is the next trade location with technical confluence. Points to consider, - Consecutive HH’s and HL’s (bullish) - Swing high resistance (respected) - Daily S/R confluence (.618 Fib & 200DMA) - Oscillators below 50 mid-point - Oversold bounce continuation The macro trend...
Evening Traders, Today’s analysis, FIOBTC trading towards a probable double bottom structure, confirmation will be on the break of dynamic resistance. Points to consider, - PA approaching trade location - Equal lows (liquidity run) - Key dynamic resistance - Oscillators over-extended - Swing high target FIOBTC’s price action is approaching a key trade...
Evening Traders, Today’s analysis – ADAUSDT – likely to retest lower weekly S/R before trend continuation, price action is currently bearish. Points to consider, - Local S/R Flipped - 21 MA Resistance - Oscillators below 50 - Below average volume - Lower Weekly S/R Retest ADAUSDT has lost local S/R, any rallies into it are considered a bearish retest,...
Evening Traders, Today’s analysis – SXPUSDT – breaking dynamic resistance with swing high immediate target, local S/R must hold as support. Points to consider, - Local S/R Flip retest - Dynamic resistance breached - 21 MA support - Oscillators above 50 - Volume below average SXPUSDT is trading above local resistance, respecting this level will confirm an...
Evening Traders, Today’s Analysis – OAXBTC- trading in a falling wedge structure holding weekly S/R, a break bullish will see continuation. Points to consider, - Bullish chart formation - Weekly S/R Support confluence - Swing high immediate target - RSI diverting - Volume declining OAXBTC is trading in a falling wedge pattern that has a higher...
Evening Traders, Today’s analysis – NZDJPY- in a macro bear trend where rallies are to be sold into until proven otherwise, current set up allows for a short. Points to consider, - Consecutive LH’s & LL’s - Local S/R Flip bearish - Weekly S/R target - Oscillators below 50 - Volume below average NZDJPY has a bearish bias as the trend continues to establish...
Evening traders, Today’s Analysis – CADJPY – trading at a pivot with strong support, price is likely to trade towards swing high. Points to consider, - Trend bullish (S/R Flips) - Daily S/R Confluence (200 DMA & DEMA) - Swing high target - Oscillators neutral - Volume below average CADJPY’s immediate trend is establishing S/R Flips which allow for a short...
Evening Traders, Today’s analysis – CRVBTC- price action needs to hold structural support for a trend continuation trade. Points to consider, - Trend higher lows - Key support respected - Daily S/R resistance - Oscillators equilibrium - Declining Volume CRVBTC’s trend needs to establish a higher low to keep market structure intact, allowing for a...
Evening Traders, Today’s analysis – VETUSDT- breaching dynamic resistance with an impulse move, swing high being the immediate target. Points to consider, - Local downtrend broken - Retest confluence (.618 Fibonacci) - Key dynamic resistance breached (swing high target) - Stochastics flat - Volume below average VETUSDT’s down trend has been breached by...
Evening Traders, Today’s Analysis – QTUMUSDT- breaking daily S/R after running liquidity, a long trade is valid for continuation. Points to consider, - Trend bullish (consecutive higher lows) - Daily S/R Flip retest (.50 Fibonacci) - Range Mid (Local Resistance) - Oscillators above 50 - Volume below average QTUMUSDT’s immediate trend is bullish with...
Evening Traders, Today’s Analysis – RLCBTC- in strong uptrend breaking daily S/R. A retest of the level will allow for a long. Points to consider, - Immediate trend bullish - Daily support confluence (.618 Fibonacci & 200MA) - Swing high (immediate target) - RSI above 50 - Stochastics flat - Volume declining RLCBTC’s trend has been establishing...
Evening Traders, Today’s analysis – AUDJPY – range trading in a rising channel, price action is approaching key resistance/ liquidity level where a rejection is probable. Points to consider, - Trend Ranging - Resistance respected (liquidity area) - Local support immediate target (market structure) - Double bearish divergence - Declining volume AUDJPY’s...
Evening Traders, Today’s analysis – AUDUSD – testing range resistance with bearish price action indicating a down move being plausible, Points to consider, - Trend at pivot point - Resistance respected - Range mid-point target (.618 overextension) - Oscillators diverging (RSI & Stochastics ) - Volume below average AUDUSD’s trend is at a trade location,...
Evening Traders, Today’s Analysis –GBPCAD- holding structural level where a move into weekly resistance is plausible. Points to consider, - Price range trading - Structural support confluence (.50 Fibonacci & 200 MA) - Weekly Resistance target - Oscillators neutral - Bullish price action GBPCAD’s immediate trend is range bound respecting key levels....
Evening traders, Today’s Analysis – EURUSD- testing local resistance with equal highs, a move back into Fibonacci levels is probable. Points to consider, - Trend impulse - Double top (Local resistance) - Support confluence (MA’s & .50 Fibonacci) - Oscillators diverging - Volume below average EURUSD’s immediate price action is impulsive under key local...
Evening traders, Today’s Analysis – LRCBTC – breaking back into weekly structure with the immediate target range high. Points to consider, - Immediate trend bullish - Weekly S/R confluence (.618 Fibonacci) - Range high target - Oscillators diverging - Structural higher low The immediate directional bias is bullish due to consecutive structural HH’s and...
Evening Traders, Today’s Analysis – USDCAD – strong sell off leading the market to oversold conditions, a bounce is probable into local resistance. Points to consider, - Impulse sell relief rally - Structural support respected - Local resistance (immediate target) - Oscillators diverging - Volume below average USDCAD’s immediate trend is bearish with an...