Breakandretest
CADCHF-4H-ShortHi guys;
On CADCHF ,we can see the price breaks the uptrend channel after that it is gonna the retest to resistance zone.So we need on the resis zone we find some reversal signal for getting to short position till T.P1 , T.P2.
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EURUSD Buy setup from Harmonic SessionSeen a great area to trap price on the Harmonic Scanner and put it to work.
Seen history of a little buying power in this area to add to the sell setup called on the Scanner.
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XEMUSDT-4H-Longhello traders;
(For Crypto Traders)
on this pair ;we found a reversal pattern ,at the moment; it is completing it's retest to the neckline after that we can get long till our supply zone or T.P.
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GBPNZD-1H-Short PositionHi folks;
GBPNZD pair is making a reversal pattern and we are watching for breakdown and retest because it can approves the right shoulder and then we can get short for this pair till T.P1 , T.P2.
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EUR/JPY - Bulls pushing once againPrice has bounced off our key level and continues to push to the upside after a small retracement. Will EURO continue to gain on the JPY in a very fundamental week?
Watch out this week. Follow an economic calendar and news websites for up to date fundamentals!
Have a great trading week! Like always, any forex related questions please don't hesitate to drop me a DM!
UTK// Break & Re-testSimply a break and retest from the Daily TF, nothing complicated. This is a strategy that has worked quite well for me during this bull run. However, timing is the most important aspect.
Looking at the chart currently, we missed the retest, but when looking on the 4H TF there is a Falling Wedge Pattern on its 4th test and about to break. Which is still a comfortable opportunity to go long.
Reasons not to enter...yet:
1. Such a strong bullish impulse requires atleast a small 38% retest.
2. We are almost there, but we havent closed above the last Lower High from the more recent downtrend.
3. BTC is under some bearish pressure and may affect the price action of UTK if there isn't enough volume and momentum to keep UTK's price along this bullish path.
4. The consolidation period was quite long, may suggest a slow run-up and the opportunity cost of finding another token with more momentum would be greater than the possible profits from UTK.
Let me hear your thoughts in the comments.
DXY Break Above Key Level!The DXY, or the dollar index, is inversely correlated with the markets (in this case). Overnight we saw a break of a critical Fib resistance level, so unless the Fed steps in and implements Yield Curve Control or a similar market positive policy, expect the dollar to move up to the next resistance level.
MARA BROKE CRITICAL LEVELMARA broke and retested the resistance level for an intra-month rising wedge which is a bearish signal. Unless we see Bitcoin bounce at these levels (which is unlikely) MARA can easily head down to $35, a previously strong level. At that point we can expect to see a bounce with buyers taking control again. Long term I can see both MARA and RIOT breaking $100 this year but short term things are a little more choppy.