USD JPY 1 hour timeframe outlook. On The one-hour timeframe, the market is currently consolidating on that resistance level, we need to see a break out to the downside and a retest to get an entry for SELL. On the other hand, if the market breaks above the resistance level to the upside we need to see a retest of the broken resistance turn support to get a BUY entry ⏰
USD JPY TRADE SET UP. USD JPY has reached the daily resistance level and is showing multiple rejections and wicks on the daily timeframe, so we are looking to SELL. We need to scale down to the lower timeframe to find patterns and confirmations to get a sell entry..
The NZD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a rising wedge pattern. This pattern, despite an initial upward angle, is often seen as a bearish reversal signal. Key Points: Rising Wedge Breakout: The price has been trading within a rising wedge pattern characterized by converging upward...
Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price some days traded in the buyer zone, which coincided with the 2030 support level and soon broke this level and later made a retest. After this, the price rebounded from the support level and made a strong upward impulse to the current 2160 support level, which...
Hello everyone, let's look at the 4H ETH to USDT chart, as we can see, the price cannot break through the uptrend line, remaining in the downtrend. Let's start by setting goals for the near future that we can include: T1 = $3,705 T2 = $4098 and T3 = $4734 Now let's move on to the stop loss in case of further market declines: SL1 = $3,354 SL2 = $2,902 AND SL3 =...
Hello everyone, let's look at the 4H BNB to USDT chart, as we can see that the price is staying above the local downtrend line, but at the border of the uptrend line. Let's start by setting goals for the near future that we can include: T1 = $589 Next, there is a strong resistance zone from $613 to $646. After going up, we may see a price increase towards...
Hello everyone, I invite you to review the situation on BTC. As you can see, the price is struggling to maintain the level above the previous ATH, you should observe the behavior and be vigilant because just above a specific zone there is a very strong resistance level where the price should reach according to cyclicality. The RSI indicator and the STOCH...
We are considering the movements of the ETH price relative to the BTC price. On the chart of ETH movement relative to BTC, we can identify a specific range where the support level is at 0.04885 BTC, and the resistance level is at 0.08869 BTC. When the price reaches the support level at 0.04885 BTC, a confident bounce is observed, followed by further growth....
Four straight down days and S&P 500 closing at its Low yesterday does not bode well for the Bulls. If today closes at its Low again then we could get a pullback. Level to watch: 5290 --- 5292
Conservative Counter Trend Trade 12.1 + long impulse - volumed expanding T2 - 1/2 correction + support level + biggest volume manipulation + closed above support level Calculated affordable virtual stop loss 1 to 2 R/R take profit Hourly Context: - short impulse + volumed T1 + bigest volume Sp + weak test + first bullish bar closed level entry Daily Context -...
Conservative Trend Trade 11 + long impulse + SOS level + 1/2 correction + biggest volume Sp Calculated affordable stop loss 1 to 2 R/R taket profit Monthly Context + long balance + biggest volume expanding ICE + 2Sp- (previous bar touched ICE) + test I'll see how market goes and can take potentially 1/3 at 1 to 2 R/R 1/3 at Daily resistance 1/3 at Monthly 1/2 of range