Looks like the projected typical correction has Occurred in amplitude - I expect it will recover from here albeit slowly and form a lower high like a head and shoulders pattern. Trade idea > buy for a small bill recovery only to the red line which is the volume most traded above
BINANCE:UNIUSDT There is two buy signals on Extreme Bullish point followed by a sell signal on overbought area. then the next buy signal pop up, it says on Sideway bullish area. this indicate the weak bullish and probably after reached the highest high, it gonna pullback to strongest support area and continue the correction.
Here we have a High time frame analysis on the AUD/USD pair . On the 1W TF we can clearly identify the formation of the Inverted Head and shoulders with the right shoulder to be completed over the next 24+ months With all the un certainties around the world of course anything can happen and this pattern can completely fail like any other if a big event occurs...
We can see price broke out of an ascending structure following CHF weakness across the board. Price is now retesting the top of this ascending structure. Where will price head next? Two potential price paths for you follow. Have a great trading day and weekend!
High volume operations did not lead to new advance. It is likely fixing profits from longs when price jumped above 1.0 round level. The most likely is slow down drifting in this case.
Some simple analysis here on AUD/USD. Key levels, identifying the top of a long term range where price has bounced from consistently in the past. Will we see some AUD weakness in the coming days?
After a nice bull run, some were taking profits today. We started the day with heavy selling, some shares were bought back later in the day. The market hit the resistance and we might see some weakness until friday. Or a rebound ! Who knows :') Happy trading.
People in our community are keeping checks on XLM and want to know what's likely to happen in the foreseeable future. My take is that the pennant shows quite weak support on the uptrend and is more likely to break below within the next 2-8 hours. If it does close below somewhere on the 5 and 15-minute timeframe it's recommended to short.
The Aussie has duly surrendered 0.7700+ status against its US counterpart and been below 0.7650 irrespective of Q4 inflation metrics marginally topping estimates, while the Kiwi has lost grip of the 0.7200 handle again eyeing NZ trade data after the FOMC. Further downside expected over the remaining trading sessions this week.
Dollar getting weaker every month, clear downtrend, re-testing resistance and the FIB 'Golden Zone' (bearish engulfing candle on resistance too), potential head and shoulders pattern and clear 3rd touch of a clear trend-line. Overall bearish fundamental bias as well. We have all the confluences in one single trade x)
My last YFI call was not an overwhelming success, to put it mildly. But we win some and we lose some, that's the game we play isn't it. So let's take another crack at it. YFI is looking really quite weak even with the rest of the market going absolutely bananas. This is I suppose to be expect, YFI being a high value coin isn't going to be bought while BTC is...
USDJPY H4 - Still bearish bias for the USD personally, there isn't any real reason to justify reasons otherwise. Popped back above S/R but nothing to indicate a change in trend, USDCAD is the anomaly, setting fresh highs off the back of OPEC talks. Summary in the above video.
US Dollar is very weak against all currencies. We will be looking to sell usd on any retracement against all currencies.
Enter only if it breaks 138.50 the move upside is very weak
its clear... fast scalping in this one.
Volumes are thin and there is chance of downside in SPX. At least on shorter TF its showing weakness. Long term trend is still bullish so be careful with positional shorts.
Short nifty for target of 12450-500 approx. Nifty is showing signs of depleting volumes so one can look for opportunity to short.
BNF showing weakness, if tomorrow markets opened up there is possibility of good shorting opportunity for target of around thousand points