BINANCE:BTCUSDT 👉 Trendline Analysis: BTC has been consolidating directly underneath the resistance zone - BULLISH 👉 Candlestick Analysis: Three white soldiers in the 2W timeframe - BULLISH 👉 Technical Indicator Analysis : Price has cooled down after being "Extremely Overbought", moving averages holds - BULLISH Technical Indicator Monthly...
1) The stock is in uptrend in all major timeframes. 2) The stock is in weekly consolidation since JAN 2024 - 4 Months old weekly consolidation. 3) The stock shows strong volatility contraction in Daily, looks poised for breakout. 4) Weekly,Daily,4H & 75 min RSI Intact - Momentum in play. Entry around 230, Best - Between 215-220. SL - 214 Daily closing...
Hello Traders. The Monthly candle has flipped bullish and the weekly candle is pushing for new highs as the 3rd Asian session of the week kicks off here. Monday was super bullish and today's tuesday candle closed bullish after a late NY bullish push. We observed (4) 4hr candles print bearish consecutively only to be overshadowed by a large bullish candle that...
If you're looking at AUDCAD, the 4-hourly chart setup might seem tempting for a buying opportunity. However, I prefer the 1-hourly chart, specifically the Bullish Shark Pattern. 1-Hourly Chart: - Key Level : Ensure an MCC appears at 0.9041 before entering a buying opportunity. What's your trade plan for AUDCAD? Comment down below and share your...
For those eyeing AUDUSD, here's my take: While some might be tempted to buy, anticipating a retracement (UP) due to the recent price action, I'm not focused on buying opportunities. Instead, I have more strategic shorting setups in mind. 4-Hourly Chart: - Resistance Levels : Waiting for a retest at 0.6638 or a retest of the channel for shorting...
If you’re into support and resistance trading, GBPUSD might be worth a closer look. 1-Hourly Chart: - Support Level: 1.2704 - Resistance Level: 1.2743 Before engaging in the trade, wait for a MCC to ensure a reliable entry point. What’s your trade plan for GBPUSD? Comment down below and share your strategy! Happy trading!
Here’s a detailed look at the EURUSD across multiple timeframes: Weekly Chart: - The market is in a sideways consolidation phase. - The upper trendline has been respected, indicating a potential downside movement. Daily Chart: - Watch for a retest of the Fib-3 Bat Pattern, which could offer a prime shorting opportunity. 1-Hourly Chart: - I’m eyeing a...
I believe the BOJ conducted its second FX intervention yesterday. As the market retested the sell zone, I shorted this pair and placed Stops at 156.82, which is a good 58 pips of initial risk. Once the market reaches 155.78, I'll shift my stops to the entry-level. This would prevent any losses incurred by hectic volatile movement. If all goes well, my 1st target...
GBPAUD has piqued my interest from a mid to long-term perspective. I'm looking at two potential shorting opportunities: Key Levels: - Short Entry on Resistance Retest: 1.9212 - Bearish Channel Indication: As long as this channel isn't violated, it strengthens the bearish bias. I'll be looking for shorting opportunities on both the 4-hourly and 1-hourly charts...
A lot of traders aren't familiar with Harmonic Bands ; to be fair, they don't appear frequently. Here's what I'm looking at: AUDUSD H4 Chart: - Short Entry: 0.6666 - Long Entry: 0.6600 Target on the opposite end. What's your trade plan for AUDUSD? Share your thoughts and strategies in the comments below! Happy trading!
While the daily chart shows a potential Bearish Butterfly Pattern, my experience suggests this might not play out as expected - or it could be a significant warning sign for traders. If you're considering shorting GBPUSD, I'd recommend a type 2 retest on the Bearish Deep Gartley Pattern at 1.2756 as a more reliable entry point. Share your thoughts and trade...
So, as we come tot he close of MAY 2024, short of a Catastrophe today, MAY will close Green for the 7th time in Bitcoin History, bringing the score to 7 Green - 6 Red for May The Current score for June is 7 Green - 5 Red On 4 occasions, we have had a Green June after a Green May, so odds are higher we will see a Green June, though is os NOT a...
Many companies are flush with cash right now, so buybacks are going to increase. Buybacks can create plenty of swing trading opportunities. Buybacks are used by the Board of Directors to drive price upward, or at least maintain price at a certain level. They also remove outstanding shares from public exchanges. The Percentage of Shares Held by Institutions (PSHI)...
Hello traders! EurUsd has wasted no time and is seeing some buying pressure to kick off the week. We are 31 pips from the previous weeks high price as the Eur is being bought ahead of next week's Interest rate announcement by the ECB. Apparently the central bank will be cutting rates and so the market is moving on a "Buy the Rumor and Sell the news " sort of flow....
Hello Traders. Welcome back to another Analysis. Last Weekly candle closed down 20 Pips on EurUsd.. which was quite a different picture from the previous 5 weeks. Through the second half of April and throughout most of May we observed alot of optimism and observed a decent rise in EurUsd. This sentiment came to a halt last week as EurUsd pulled down during most of...
Hey traders! If you're eyeing long XXXJPY pairs, I'd recommend keeping a close eye on NZDJPY. Here's why: - Natural appreciation for NZDUSD could give your trade a boost - Waiting for a retest on the trendline before entering a buy position However, always remember to: - Plan your trade carefully - Be aware of the potential for BOJ intervention without...
Hey traders! Let's dive into the EUR/USD market analysis. While many are eyeing a shorting opportunity at 1.2743, leveraging RSI Divergence, it's crucial to acknowledge the overarching bullish trend on both daily and weekly charts. Currently, the market is hovering around a critical support level at 1.2723. A 20-pip move might not be substantial, but it can be a...