Over the last week I've made a couple of analyses on BTC and the rising wedge pattern it was trading in. In my last analysis I expected some kind of oversold bounce into a new sell-off. Seeing that we've moved almost 9% in less than 24 hours makes me question whether we should look for going short. My bounce area (blue) has been reached, but we're blasting...
GBPUSD has recently given us a nice top to work with. We are now making our way down. We have recently seen the completion of wave 2 correction, which completed at the 78.6 fib retracement of wave 1. Trade Idea: - Risk entry now with safe stops above invalidation level - Safer entry on break of wave 2 correction - Targets: 1.2 (450pips), 1.8 (650pips) Goodluck...
EURUSD on the 4h chart after the break of the 1.10 area retraced below the monthly structure over a previous resistance now turned support. The market tested perfectly the 0.886 Fibonacci level and is consolidating below the key level. A break above the area will shoes bullish increasing pressure and also for that reason we can consider a long order. If the price...
On NZDCHF, I have identified a supply zone in which the price has bounced multiple times without breaking through. As the price went down, it created a demand zone which it used as a support level. In fact, the price has been ranging during the past week. Today, I noticed a break of the lows within the demand zone, so I will proceed to use this zone as a potential...
Chaikin Money Flow shows a break out about 0 level and a successful retest. Double bottom confirmed. RSI showing sign of bullishness. LL RSI is also showing sign of bullishness. Major resistance levels are shown in red horizontal lines. Lets see if it works out.
This is the correlation between the BTC.D (inverted) with the altcoin market cap chart. It's hard to deny that both only had the 1st wave of their supercycle and are gearing up for the 3rd wave (the tsunami). My theory is that the altcoin market cap and the BTC.D charts are one impulse wave below the BTC price wave count. So, BTC is having the 1st wave of its...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart) USDCAD rejected our lower red trendline and green support, and traded higher. Now USDCAD is approaching the upper red trendline so we will be looking for sell setups on lower timeframes. Moreover, the red zone is a strong...
OLD: SLO @ 1.1065 ⏳ SSO @ 1.1040 📉 +69 pips or +690.00 USD *️⃣ +SL @ 1.0990 🚫 +50 pips or +500.00 USD *️⃣ TP1 @ 1.0975 (shaved 50%) 🤑 +65 pips or +650.00 USD*️⃣ TP2 @ 1.0933 TP3 @ 1.0900 NEW: -SL @ 1.1076 SLO2 @ 1.1040 ⏳ SLO1 @ 1.1015 📉 SSO @ 1.0963 ⏳ TP1 @ 1.0975 (shaving 50%) TP2 @ 1.0933 (shaving 50%) TP3 @ 1.0900 (closing ALL Sell Positions) ADDITIONAL...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25000 zone, GBPUSD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 1.25 Support and resistance zone. Fundamentally the market is pricing another rate hike with the recent feds speech so that is more...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.665 zone, AUDUSD was trading in an uptrend and seems to be attempting to break it out after a bunch of fed hawkish comments about the coming monetary policy on early May and another potential rate hike. Technically if we get dips below 0.665 we will monitoring a...
AUDUSD - 24h expiry - Previous support level of 0.6619 broken. We are trading at oversold extremes. A higher correction is expected. Previous support located at 0.6564. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample...
Details on chart - looking to see more buys continued on Gold after continuous poor US data
Yesterday we saw an impulse decline in EURUSD. This means that the rise has no strength for now and it’s more likely to heading towards test of the low at 1,0900. Depending on weather we see breakout of the bottom or pullback , the next trades will be confirmed. There are conservative and aggressive options for entries. With the conservative one it’s necessary...
SLO @ 0.6700 ⏳ SSO @ 0.6575 ⏳ TP1 @ 0.6460 (shaving 25%) TP2 @ 0.6350 (closing all sell positions) BLO @ 0.6325 ⏳ ADDITIONAL INFO: 00:00 Shout Out to @kristonperry 00:42 Supply Zone / Sell Limit Order 01:00 Support / Sell Stop Order 01:20 Position Sizing @ ~2-3% 01:50 Shaving 25% @ each TP 02:54 Demand Zone 2, preferred 04:40 Boost, Follow, Comment, Join
A strong bullish trend has developed on the 1-hour chart of USD/CAD, which is underscored by its timely yet shallow retracements. It's found support along the 10-bar EMA to show bullish momentum is increasing and the OBV (on balance volume) is trending higher with prices. A retracement has also found support around the weekly R1 pivot and the high of a prior...
– Previous Daily candle closed Bullish at 1997.100 respecting Daily Support formed on Monday 24th April 2023. – Buys on close above 2003.900 targeting Weekly Resistance at 2008.000, Leaving Runners to the 1h Resistance formed at 2012.300. – Sells on close below 1994.500 targeting 30min Support formed at 1989.500, Leaving Runners to the 4h Support formed at...