Looking at the chart from a daily timeframe perspective, we can see we have clearly broken previous structure levels and looking like we will meet the current supply zone highlighted and reject from it. If we do we have the potential of coming down towards 19300 as our first area, followed by the 14000 mark.
Above are different scenarios for some intra day trades. Demand areas indicating areas for potential buys. Supply area for a potential sell. Overall i believe the cable can reach into 1.25000
nothing to really do this week other than wait and let the market make more movements. There are 3 scenarios that i can see happening. 1. i would like to see a pull back into 19300 mark before seeing a climb back higher 2. market will look to liquidate early sellers from 22000 top 22500 area before pushing down towards that 19300 area 3. market just blows...
xrp - zone of interest holding as expected. If we break we can see liquidity being filled towards that 44c mark, if we hold we can see a push towards 34c as our first target
intra day play s expected, volume zone and demand area worked to a T
looking for price to tap the zone 1.21600- 1.21700 with an invalidity zone at 1.21300 my profit areas would be 1. 1.21900 2. 1.22100 3. 1.22300
Looking at XRP we can clearly see we have key support and resistance regions that we are moving within, the 38c to 40c mark is an area id like to see a rejection from and head back towards the 32c and then even further down into the 26c region.
push into 1.22500 exactly as expected with the help of CPI, will be looking for potential short set ups
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As discussed in the previous chart, i took this intra day trade over London which played out perfectly. Ahead of CPI news im break even and waiting to see what happens.
Looking at the chart above, i can see the bullish momentum is yet to cease and can see price pushing into the 1.22500 region
Is what we are seeing now a fake BTC pump? i believe it is, as i can see price going up towards the 19300 key level area to fill liquidity before moving back towards the 14000 key level zone. there is a lot of optimism in the market atm due to China reopening however i believe this will be short lived for the crypto market.
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US30 - overall daily TF analysis. price is in a downtrend clearly shown with the highlighted LL and LH. We have 2 key zones of resistance. Will be waiting for price and price action once we are trading within the zones
GBPUSD - This is purely an educational post. One of the cleanest trading days. As we can see the market created the fake liquidity grab post Asia range, this was then followed by the real liquidity grab from the upside. As the market is overall bearish this was spotted much easier. We can then view the NYSE open where the price came back to grab liquidity from the...
As stated in the previous post, i was more in favour of shorts and BTC heading into that 43k zone which has happened.
What we can see is BTC with the VWAP. We reached a point where BTC rejected and shifted structure before moving down towards the volume average and finding a support. We are now left with 2 scenarios, one being moving back towards the 47 mark and above. However the other possible scenario that i believe to be more likely is going back towards the volume average...
Tapped into the zone the first time and showed signs of rejection. the market then went on to break the zone slightly and this is where liquidity could have been drawn. Oscillators showing signs of divergence. invalidation for shorts is breaking the 45800 key level, otherwise i see us moving back down towards 40500