GBPCAD SELL IDEA FX:GBPCAD
Break of structure, waiting for a retest to the 1.71064 Daily resistance area to look for sells
1h
usdcad sell ideaFX:USDCAD
Overall structure based on the weekly, daily timeframes is bearish, the 4h and 1h broke countertrend structure and I am currently waiting for a pullback to the 1.34795 weekly key resistance area to look for sells on USDCAD
usdcad sell ideaFX:USDCAD
Overall structure based on the weekly, daily timeframes is bearish, the 4h and 1h broke countertrend structure and I am currently waiting for a pullback to the 1.34795 weekly key resistance area to look for sells on USDCAD
NZDJPY BUY SETUPOANDA:NZDJPY
The 1h has broken its bearish countertrend structure on the overall bullish structure of the daily, 4h and weekly tie frames. Price made a pullback to 90.366 Daily support making it a great area to look for buys
EURUSD SELL SETUPFX:EURUSD
A break below 1.08940 Daily support has simultaneously broken bullish structure on the 1h, 4h and daily timeframes changing my bias to a bearish bias. a retest back to the 1.08940 area as daily resistance and a 4h bearish engulfing candlestick is enough confluence/confirmation to short EURUSD.
GBPCAD sell setupFX:GBPCAD
The weekly, 4h and 1h timeframes are bearish giving me a bearish bias. Price broke below 1.70666 4h/1h support area simultaneously breaking bullish structure of the 1h and 4h. I am waiting on a pullback to the 1.70666 area which will now be the resistance area to look for sells on gbpcad
GOLD BUY SETUPOANDA:XAUUSD The weekly, daily,4h and 1h on gold is bullish with price have retraced to 2046.708 1h support, forming a bullish engulfing candlestick for buys
NZDJPY BUY SETUPOANDA:NZDJPY
Weekly, Daily, 4H timeframes are bullish overall. Price retraced to 61,8% Fibonacci retracement
level and 90.192 Daily key support area creating a strong confluence. a bullish engulfing candlestick on the 1h is my confirmation to buy
NZDJPY BUY ANALYSISOANDA:NZDJPY Overall structure based on the weekly, daily, 4h and 1h is bullish with price having broken above the 90.500 daily resistance and retesting as 90.500 daily support with price also retracing at 38,2% Fibonacci retracement level at the same 90.500 daily support. The bullish engulfing candlestick on the 4h is an overall strong confirmation to go long on NZDJPY
eurusd buy analysisFX:EURUSD
Overall structure based on the weekly,daily,4h and 1h is bullish with price finding support on the 1.09395 weekly support area.
GBPUSD SELL ANALYSISFX:GBPUSD
Overall structure based on the weekly,daily,4h and 1h is bearish. A break and retest below key support area with bearish engulfing candlestick being my entry confirmation
usdjpy sell analysisFX:USDJPY
Overall structure based on the daily and 4h is bearish. price broke countertrend structure on the 1h and made a retest to the new resistance area. Entry is based on the bearish engulfing candlestick the the 30 min timeframe
18/12/23 Weekly outlookLast weeks high: $43813.15
Last weeks low: $42006.79
Midpoint: $40200.42
BTC spent the previous week chopping sideways for the majority after failing to continue its bullish structure on the 1h timeframe. For now we're seeing a pullback of ~10% which has allowed profits to rotate into other areas of the market, predominantly smaller cap L1's and other narrative plays such as AI, RWA & gaming coins.
The market has needed a pullback/correction after near relentless run. As we near the ETF approvals and the halving volatility will only increase from here. Buying double digit drawdowns on these projects and holding long term is a good way to DCA in for this Bullrun. see my last post for the big picture Bullrun setup.
If we see price drop before weekly low and print a new lower low the next support is 38K and 32.5k lower than that for great long term entries.
GBPCAD SELL ANALYSISFX:GBPCAD
Overall structure is bearish based of the weekly, 4h and 1h timeframe solidifying my bearish bias. price broke below 1.69858 daily support and made a retest as resistance. a bearish engulfing candlestick on the 1H was my entry candle to go bearish on GBPCAD
04/12/23 Weekly outlookLast weeks high: $44745
Last weeks low: $42371
Midpoint: $39998
BITCOIN reaches just shy of $45K in what has been a huge continuation of the bullish trend we've experienced all of this year. A pattern I have noticed and one that can usually be seen in market environments similar to this is:
1. Strong move, usually only a few candlesticks.
2. Consolidation, sideways movement at new level.
3. Repeat first two steps.
With each step up, consolidation is getting longer and the rally shorter which shows the market is running out of people willing to go long at this price as selling pressure increases drastically.
At the time of writing priced has fallen 7% as the new week has started, with a new lower low, printing a new lower high could show the trend shifting towards short term bearish.
This would be healthy for a week or two in my opinion as there hasn't been a healthy correction for a while, 32.5K retest is the obvious place for price to want to retest as new support, this would also be bad for alts as leverage gets flushed out potentially. Now if BTC stagnates the altcoins will have a chance to run as profits flow into altcoins. The range midpoint is a very important level that will determine short term direction.
nzdjpy short analysisOANDA:NZDJPY
Break below 89.640 weekly support and price made a retest at what is now 89.640 weekly resistance. a bearish engulfing candlestick on the 4h and 1h is confirmation to go short. Also the 61.8% Fibonacci retracement level at 89.640 weekly resistance is a strong confluence
GBPUSD SHORT ANALYSISFX:GBPUSD
Break and retest below 1.25458 4h support and price retested at what is now 1.25458 4h resistance. 1h bearish engulfing candle is my entry confirmation
NZDJPY SHORT ANALYSISOANDA:NZDJPY
Overall bias on NZDJPY is bearish with the daily, 4h and 1h confirming my bias. Price broke below 88.962 4h support and made a retest as 88.962 4h resistance with a bearish engulfing candlestick on the 30 min and also a break of countertrend structure on the 15 min being my confirmations to go short on NZDJPY
1 H SHORT MATICGreetings, traders. Recent market trends have seen a notable upswing in Bitcoin. The Relative Strength Index (RSI) for Matic is signaling a potential -5% correction in the near future. From my analysis, this presents an opportune moment to initiate a SHORT position, capitalizing on the anticipated downturn and securing profits at the -5% threshold.
Starting
SHORT 0.88
1H SHORT BITCOIN.PThe observation of the elevated Bitcoin price on the Relative Strength Index (RSI) suggests the potential for a negative reaction in the future. Projecting a possible short position at 44,170, with an anticipated decline of approximately 5%, constitutes a plausible scenario.
