USD/JPY 4-Hour Chart Update #3 (3 Mar 2021)Summary of technical analysis on the USD/JPY:
- Fib(0) changed to 106.957 high of 10:00 candle
- Stophunting session to grab the selling liquidity
- Temporary long ('short squeeze') & then short
- Swing is overextended to the upside
- RSI pullback to probe above the 70
- Extremely low volume for a new high
4hourchart
USD/JPY 4-Hour Chart Update #2 (2 Mar 2021)Summary of current technical analysis for the USD/JPY pair on the 4-hour chart:
- 70 resistance on the RSI with bearish divergence
- extremely low volume to the upside
- major resistance level on the monthly fibonacci
- perceived bullish exhaustion
- swing-high fibonacci 0 holding
- +1.91% from swing-low fibonacci 1
If you enjoy this analysis, give it a like and follow me on TradingView.
BTCUSDT 4H | Bitcoin market overview: Fight for $48,000 levelHello, dear subscribers!
In the previous review, we considered a short as the most likely scenario for the bitcoin price to move from the $56,000 level.
The targets for this move were $46,000 to $48,000. As a result, the bears managed to lower the price to $43,000. After that the bulls managed to reverse the movement. The previous support levels became resistance levels.
At the current moment, the bulls are fighting with the bears for the exit into the area of 48,000 - 51,000. The closing of the current 4-hour candle above the resistance level and confirmation of the output of the next candle will indicate the victory of the bulls.
According to the MACD and RSI indicators, we see the strengthening of the growing trend. On the OBV indicator, the buyers managed to beat off the 2M level, which suggests that the level of 43,000 - 44,000 became very attractive for buyers and they are ready to increase the volume at this price and above.
If the bears manage to keep the price below 48,000, the bitcoin price will continue its movement in the 43,000 - 48,000 range.
Subscribe to the channel and stay with us!
ACCURATELY TRADING UPTREND CHANNELS ON THE NZD CADThis Video looks at the trading opportunity that could present itself on the 4 Hour of the NZD CAD.
1. Uptrend Channel Formed.
2. Now at Support.
3. Needs a Strong Bullish Signal.
4. Would trade to Resistance of Channel.
5. Trade would be in sync with the overall Uptrend of the Daily Chart
6. Always better to trade setups that are in sync with the Market Direction of the Daily Chart.
S&P 500 - 3920+ still awaitsHello traders & analysts,
Hello analysts and traders.
Price touched the trendline on the 4hour chart.
SPX500 needed to created a descending channel after the high to engineer some liquidity for continuation of long positions from the all time high
not the risk off mode were related to profit taking in order to generate further longs . The buys are still on!
Where did price fall to?
Key trendline creating a lower high.
Why is this important?
Look left - the white candle shows an imbalance on the previous bullish engulfing .
We are currently long but await the next buy from a daily low.
Key:
4 hour = grey channel trendlines
Green zone - daily, weekly targets
Grey zone - 4 hour supply
Blue zone - pivotal point where market will engineer a price low to.
Our preview before the trade took place:
See the wider picture:
See the outlook:
- we can see here that the price reversed directly between the previous extension zone to create a new inflow first touch to close out the imbalance between the buyers and sellers.
Shorts were closed and further longs were taken to bolster investments or if investing in a long term portfolio, a further contribution added upon the compounding value.
Four sectors returned a higher value than the S&P500 close in 2020 adding optimism within adding inflows into the market to 2021 - beyond.
With all other major indexes and rapid new industries taking off - what we will be able to see?
outperforming in 2020:
Tech,
consumer discretionary,
telecommunications,
material sectors
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise and clears your mind.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Regardless we will continue producing analysis.
Thanks,
Team LVPA MMXXI
GBP JPY - long opportunityHello traders,
We are seeing on the GBP JPY 4 hour chart an opportunity to go long with a good 4hour trendline which is being respected.
Imbalance
4hr = grey
4hr = orange trendlines
daily = purple trendline
See the bigger picture and further analysis below;
Fundamentals at play.
With the successful Brexit transition and recovery from the Risk-off scenario from Brexit, the commodity hedge from Gold will not push higher. While the vaccination and cases remain a concern for the UKs long term success in the economy opening up, the GBP has been seen rising and looks set to continue with a target of 143 poised to be filled by the bulls.
XAU USD & GBP JPY are safe havens so expect the volatility within the pairs to remain strong as short term sentiment turns sour.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise and clears your mind.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Regardless we will continue producing analysis.
Thanks,
Team LVPA MMXXI
S&P 500 - Fibonacci rejection - upside activeSPX500 needed to created a descending channel after the high to engineer some liquidity for continuation of long positions.
Where did price fall to?
Key Fibonacci 0.618 - 0.705 levels
Why is this important?
Look left - the white candle shows an imbalance on the previous bullish engulfing .
We are currently long but await the next buy from a daily low.
See the Vix vs S&P500
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
Pure imbalance trades - with further explanations on the graphs to understand.
If you like our work, please leave a like or comment.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Regardless we will continue producing analysis as and when.
Many thanks,
Team LVPA.
BTC/USD Next 4 hours. Wait for the return signals.It looks pretty simple. Fibo and the channel are quite valid and as you can see in the RSI section the trend is bearish. There is strong support in the $22400 vicinity, and I personally would enter if I see bullish return signs in that area. MACD is also indicating a bearish trend so far, both in moving averages and momentum. FYI, I entered at $17500, sold one part at $21000 and one part at 23900, and I have not entered again so far, since I'm an amateur and work 12 hours shifts and I have to deal conservatively.
BTCUSDT 4H | Bitcoin market overview: OBV growthHello, dear subscribers!
In the previous review, we looked at the support and resistance zones in the bitcoin market.
During the following days, bitcoin price fluctuated in the marked limits - $22,200 - $24,000. For the trend to continue or reverse, the price needs to consolidate outside the support or resistance zones.
The RSI and MACD indicators have reset overbought since the previous review, the OBV, in turn, shows an increase in interest in buying bitcoin, having not declined during the flat period. This indicates that the bitcoin market continues to be under bullish control. But for the uptrend to continue, bitcoin's price needs to consolidate above $24,000.
In case the bears manage to take control and consolidate below $22,000, their next target will be the levels of $20,600 and $19,600.
Subscribe to the channel and stay tuned!
BTCUSDT 4H | Bitcoin market overview: UncertaintyHello, dear subscribers!
In the previous review we considered the support and resistance zones on the bitcoin price chart.
In the following days, the Bitcoin price reduced its volatility and moved between the resistance level of $19.350 and the lower resistance zone, which has now become a support zone. A triangle was formed in the chart. At the moment, the price of Bitcoin went beyond the lower boundary of the triangle, but bounced from the support level - $18.550, because it did not go above the value of a candle that broke the triangle - $19.350.
According to the OBV indicator, we can see a gradual set of long positions, which may indicate the upcoming upward movement. The RSI and MACD indicators show a gradual decrease, which indicates an increase in the strength of the bears.
As long as there is uncertainty in the market, a reliable indicator of the trend direction will be the Bitcoin price going beyond the flat - range boundaries.
Subscribe to the channel and stay with us!
Translated with www.DeepL.com (free version)