EUR/USD Technical AnalysisFrom A long time Market is Going on last 3 waves of Downtrend. I think the Current trend breaks the S1. Bcz breakout chances is too much.
Technical-analysis
CADJPY - BIIG REWARDS ON A "SHORT" TRADETrading within this flag formation allows me to catch a couple of pips to the downside. Happy trading
GBPUSD Technical AnalysisIf the Market is Success in Retesting Market will move to Uptrend. If Market was not success in Retest so Market will move to DownTrend.
Polkadot Price Analysis with Buy areasWelcome back to yet another technical analysis on a cryptocurrency.
In this analysis, I will look at the price of Polkadot, using EMA's, trendlines, fibonacci retracement and key levels.
I assume all cryptocurrencies to be bullish still for a month or two and after that I am not sure how it will go after that.
This analysis might seem a little overwhelming at first, but the only interesting thing for you are the coloured boxes. The green boxes are buy areas, where the upper one if more of a hold area and the longer one's are more daytrades, but also less risky hold areas.
The purple areas are break retest opportunities, where price has to break through it first and then I think they will act as support.
It is very important to understand that these boxes can only be used when price actually hits them in the chart and that they are therefore limited to a certain timeframe in the future. Always make sure to do your own analysis too!
Gold BUYGold has been giving signals of a positive rise, descending triangle has been developing and its being respective regarding its major levels on the rise itself.
GOLD UpdateA piece of price is a piece of cake. An almost completed flag formation. Entry is at current market price targeting TP1 around the 1837 area. Apply good risk management.
EURAUD: MY VIEW ON ITEURAUD just hit it's trendline support,
MEANING a bounce back is EXPECTED
Up to TP1 1.61200 - TP2 1.61900 - TP3 1.62600
WITH A STOP LOSS OF 1.59950
Let's wait and watch as it moves
Note past results don't give assurance to other trades
Going short on GOLDEnter at current market price with a sizeable lot size and good risk management and ride down with it all the way to around 1783
BITCOIN 1 HOUR LINING UP FOR RUN!!!BITSTAMP:BTCUSD Bitcoin's 1hr chart has just recently broken above a short term resisting trend line. Being above this trend line technically implies that there is no actual resistance for Bitcoin until 47724.05. RSI is holding a very evident bullish divergence which is a major indication for strength to come. MACD has also recently given a bullish crossover, which can be perceived as another bullish sign! We can only connect the dots looking backward and trust that they will connect in the future, and in this case, charts, and indicators are all lined up for bullishness, so the question is, will they connect in the future?
PLTR could see a big move !!!PLTR setting up for an interesting move. 22.68 is a big pivot point if it breaks this we can see a run back up to 27.
Copper Futures SHORT Trade IdeaShort Copper Futures (HGU1 = Copper Futures for Sept 2021). It has made series of Lower Lows and Lower Highs, expecting one more Lower Low. This is a simple price action of Copper Futures.
GBP JPY LONG From the 4 hr , a downward trend is seen , in confluence with the daily
Going to the one hour , price broke above 152.340 and forming a resistance at 152.340
Two plans can be made , if the 9.00 30 min candle closes above the resistance region and on the 15 min , the 9.30-9.45 min candle closes bullish then we can anticipate a long towards 152.550
If it loses below , then a long is invalid then we may look for shorts around 152.300 area
NZDUSD Pattern completionNZDUSD showing some textbook price action providing us with a potential opportunity to go short. A double top M pattern completing the retest of the neckline, lining up with key fib levels. We can now see momentum starting to shift with the current formation of candlesticks (shorter bodies + longer wicks). If we are to see this area hold as resistance and break below, on a retest we will be looking to enter short and for price to continue the downside move. Note that we will only be entering on retests as it will provide us with the confirmations we need and superior R/R. Targets set at 1.272 extension of the previous swing. A break above our key area will invalidate this set up.
If you have any questions please comment. - Nick
Balaji Teleflims Bullish viewNSE:BALAJITELE
Medium-term Bullish view
Accumulate between 62 - 75
above 74 looks too bullish
Invalid below 58
Target1: 103 Target2: 120 Target3: 135
Large Bullish Falling Wedge BreakoutA breakout of a downward sloping supply line has been broken to the upside on the daily and weekly timeframes. The supply line serves as the over head slope to a falling wedge pattern with lower sloping support that goes all the way back to March.
This is a very large structure so the price action to the upside we require some patience. A retest of 32328 could be in store as that would give us a confirming backtest of the falling wedge patter which we hope will now flip to support. Bullish confluence can be found at 32328 as there is a strong support level. If this level gets broken Bitcoin will most likely retest 30k.
In the meantime, short term support/stop loss for me will be 33312 and 33870. Again, this is on the weekly. This requires patience to wait for each weekly candle close every Sunday before rushing to make any drastic decisions.
GBPUSD larger retracement due?On the left hand side, we can see from the weekly timeframe that bulls have failed twice to hold above 1.42. Bears seem to be in control now and from a COT perspective we can also see long positions being taken off while shorts are being added. We can expect price to retrace back to previous resistance that is now support before we can see some larger moves to the upside.
From a 4hr perspective we can see the completion of an inverted M formation and a retracement to the neckline of this structure, including a 61.8 retracement. All of this indicates a further move to the downside. Personally, I am waiting for further validation including a cut of moving averages to confirm the market environment but I feel confident that we will see a deeper pullback to 1.33.
I am fundamentally bullish on GBPUSD but short term I think it's very fair to see a sell off. Longer term, Cable is in a massive uptrend and 1.33 would be a great entry price to continue this trend with high R/R.
If you have any questions please comment below. - Nick
BTC/USDBTC ANALYSIS
Dominance of Bitcoin made a strong spot for good entry
we are at bullish so a new moon in market is expected soon
1- This pattern likely monitories the next spot which could breakdown the resistance of 2.98%.
2- Breakout upward then we can see more correction in altcoins and dogeusdt
–Mostly Dogecoin consider entry this period
–this pattern usually bearish ( bearish angles )
So the dominance is more likely to breakdown according to this informations we can have good green days in altcoins
Use risk management and be ready for all scenarios
Dont forget likes and follow for more ideas and signals
Best of wishes ❤️
Correlation of price movementTHESE ARE TWO THEORIES. THE FIRST IS ACCORIDNG TO WYCKOFF, THE SECONS IS THE DOW THEORY
1) Accumulation begins with the price stopping and the formation of support, followed by the end of sales, the opposite level is gradually formed - resistance
and the price goes into a sideways movement. It has a name - Accumulative flat or consolidation. Dow says that it is impossible to trade in flat, this is not a place to trade
2) Consolidation ends when there is an update of the tops and someone from the sides - buyers or sellers, starts winning in the market, but it is quite difficult
to break through from the first time and often a large player deceives the players in this way by making a false breakout.
3) Wyckoff's theory mentions retests of the support level, a sequential movement that follows a stop. Assessment of the state of the lower limit of accumulation,
after which the market reverses and moves in the opposite direction to the previous movement. The accumulation is exited and the trend is reversed.
TREND
In essence, a trend is the direction of the predominant movement of indicators. Usually considered in the framework of technical analysis, where the direction
of price movement is implied. Charles Dow noted that in an uptrend, the subsequent peak on the chart should be higher than the previous ones, in a downtrend,
subsequent downturns on the chart should be lower than the previous ones. There are upward, downward and sideways trends. A trend line is often drawn on the chart,
which connects two or more price troughs in an uptrend, and connects two or more price peaks in a downtrend.
