Bitcoin futures managed to fid support above $60k before snapping a 4-day losing streak. Bullish momentum increased from GETTEX:64K , and the move lower since appears to be corrective in nature against the strong rally from $64k. A bullish outside / engulfing candle formed around the 50% retracement level and above Wednesday's daily TPO VAH time price...
GBP/USD makes for a really interesting short setup. It saw a strong rally and eventual false break / mini blow off top above the December high, before a sharp reversal lower on Monday. It fell back beneath the December high, and a rising wedge (bearish reversal during a down move) stalled at the 50% retracement level, just beneath the December high. - The wedge...
At the end of January we highlighted the potential for USD/CAD to retrace back to its 50% level and print a swing low. It worked out well - although the 1.36 target did not arrive as soon as hoped. Still, it reached that key level on Wednesday - and it is a level that remains of interest. Not only did prices fail to close above the 1.36 handle and weekly R2...
USD/JPY fell for five consecutive days by Monday's close, which was its worst 5-day run in three months. Yet two daily closed beneath the lower Keltner band and RSI (2) reaching oversold indicated that mean reversion higher was due. Hotter-than-expected US inflation data confirmed our suspicions, and a bullish day broke the 5-day bearish sequence and confirmed a...
Disney is currently testing a heavy resistance level on the weekly chart that we haven’t seen since February 2023…… there may be a opportunity soon whether it breaks through previous resistance, retest and to then keep pushing higher, or it will reject off of previous resistance and work it way back down towards the 90s?
With all the bad news pretty much baked in I believe it's time for the bulls to step in. We are forming a double bottom on the weekly chart currently retesting support levels from October 2023....let's see how this one plays out.
Dear friends, gold fell back after rising high during the day. Gold continued to fall during the U.S. trading session. At present, gold fell back to the lowest position near 2166. The gold trading orders that we gradually shorted in batches all left the market with profits near the 2170 position, continuing our 9-game winning streak for gold! According to the...
Market Structure Bearish On HTF Entry at Daily AOI Weekly Rejection At AOI Weekly EMA Retest Weekly Previous Structure Point Daily Rejection at AOI Daily EMA Retest H4 EMA Retest 75% +3 REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique ...
Market Structure Bearish On HTF Weekly and Daily around same AOI Weekly Rejection at AOI Weekly Bearish Engulfing Previous Weekly Structure Point Daily Rejection From AOI Daily EMA Retest H4 EMA Retest TP at Daily Support 90% +3 REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
Greetings, traders and crypto enthusiasts! 📈 Today, let's dive into the technical analysis of TIAUSDT (Tianya Token against USDT) to uncover potential trends and strategic trading opportunities. By examining key indicators and patterns, we aim to provide insights that can assist in making informed trading decisions. Join us as we navigate through the charts to...
After a down trend, an accumulation phase is completed and the asset has probably started an up-trend phase.
Bitcoin chart is showing a large bearish and a smaller bullish H&S pattern, wrestling over price action. Who is going to win? Merely technically speaking I would rather have a bearish bias. This is no trading advice. I use this platform for CMT training only. Cheers!
Reasons for bullish bias: - Inverse Head & Shoulder formation - Entry at neckline breakout - Strong bullish divergence on weekly plus daily - Price is at weekly support - Insider buying Here are the recommended trading levels: Entry Level(Buy Stop): 30.97 Stop Loss Level: 23.46 Take Profit Level 1: 38.48 Take Profit Level 2: 45.99 Take Profit Level 3: Open
Happy Nowruz! 🎉 Let's dive into the analysis of XRP, one of the top 10 cryptocurrencies. In the weekly timeframe, we notice a significant long-term trend that we've been monitoring. Recently, we've seen a breakout from this trend, surpassing the support line at 0.5030, and advancing towards the weekly resistance at 0.6622. 📈💼 Should this resistance be breached,...
Hope you are doing great traders! USDCAD seems like to fall down to the FVG area. At least to the fib golden area. Hoping it will directly break down the neckline. if not waiting for the retest of upper resistance zone. Good Luck 🙌🏽😎❤
We observe price distribution at the bottom part as the price cannot break it downwards and buyers have strong power over sellers. Minimum take profit zone is previous order block zone and after there we have FVG zone. These two TP's for me, is inevitable. Let's see what happens. Good Luck to All 😎🙌🏽❤
Did not catch entry off of S/R but entered at 4H bearish candle close as it looks to be continuing downtrend and wicks reacting off fib level from daily candle fib.