Repost** Evening Traders, Today’s analysis – USDJPY – Prices action is projecting down in a descending channel , until broken, price is likely to continue trading within two boundaries. Points to consider, - Trend bearish (consecutive lower highs) - Daily S/R breached (Resistance) - Oscillators equilibrium - Low Volume We can conclude that the immediate trend...
Repost** Evening Traders, Second analysis update – AUDCAD- Price testing weekly S/R after an oversold bounce play, correction at this point is likely as this is a technical trade location. Points to consider, - Oversold bounce play - Weekly S/R Pivot (Resistance) - Local S/R Flip Retest - Technical Bearish Divergence - Evident Volume Climax AUDUSD had an...
Evening Traders, Today’s analysis – EURGBP respecting its .618 Fibonacci leading into an impulse move, price action is currently testing weekly S/R where a rejection is probable. Points to consider, - Macro trend range deviation - Bearish Retest (Weekly S/R) - Local S/R (immediate support) - Oscillators extended - Volume below average EURGBP has had a...
SKYBTC nice bounce on daily support and now the price is testing the daily dynamic trendiline. The price must break a weekly resistance (🔴 Red structure) and then According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure...
Currently we are either breaking out downward(weekly) or correcting back up into structure(via daily). The weekly candle close will determine is we have broken out of the current structure downward; however, BTC is currently correcting back into the structure as the weekly close approaches. Weekly indicators: IF weekly downward breakout holds until close....
From Volume cluster 2 started nice move up... After from Volume cluster 1 continued another pushing market up... So for that reason i want trade long trade... Volume cluster 1 id done.. There was nice long reaction... So for now is active just Volume cluster 1 around near price level 124.760.. Where is located my support level... Happy trading Dale
break & close below support then short it down!
Price is still showing signs that we will continue the push to the downside. We have broken the trendline, also had that liquidity grab back into that key resistance area, which was really nice!
USDCHF is forming an inverse head and shoulders around weekly support. we also have a trendline and divergence adding more confluence to our setup. our trigger would be after a momentum candle close above the gray area, and the stop loss would be just below the right shoulder. we always target double our stop loss size.
i got Stopped out. Not much of a loss. I waited to see if the momentum was going to shift and it seems that it has. So I started a new position. but I'm not giving it much room in case the bears come back in. Trying to hold the 24 level so I evtered just below. See my previous Idea for my understanding that the drop is over. It's fighting. But I'm too much of 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...
Hey traders, smash the like if you like what i do and comment down below your views on gold.
Hey traders, here's my analysis of the EURUSD! Price is ranging between supply and demand zones. If price continues to stay inside range for another bounce, wait for a break of an inner trend line to enter. If price breaks the range, wait for a retest of supply/demand zone to enter. **Please follow me as I am new and trying to build reputation. Thank you!**
The Bank nifty yesterday got strong support on 22290. The doji formation shows that there cand be a trend reversal.The doji is also formed and stock has also got a support. Upside targets are 22850 for today. But if the stock doesn't change its trend then it will continue its downtrend and and downside targets will be 22000
Yesterday we discussed this market and the critical support level price was looking to test on the 4 hour chart. We also discussed the recent higher lows price had been forming. As the 4 hour chart shows; price has now formed a large bullish engulfing bar at this area and moved back higher. The recent swing high resistance now comes back into play and is the...
Bitcoin has made a beautiful run up after breaking a strong accumulation zone. As of now we are testing our first target of 10337.17 and after that next target to break is 10643.94. If we break that and head back to 11k, I'm 60% sure we will hit 13-14k by eoy and if we past 12k theres a 90% chance. Atm i'm in a 55x long on btc. News None just pure trading Ta So...