GJ break down analysis I'm currently looking for a buy opportunity in this pair, ultimately because of change of volume and trend towards the upside, now with that being said, you will see here I have two trend lines on the bottom and top showing on the 1hr TF but its set on the 10 min TF right over a current imbalance that's going on. So, I'll wait let market tell me what it wants to show me after a break happen on either trend line and ill follow up with updates or even a trade idea hopefully and we get this show on the road. Stay tuned...
Breakdown
NZDUSD D1 Swing Trade Position Analysis Descriptive breakdown of what I am looking on NZDUSD for this upcoming week. Price has previously following a downtrend making lower lows & highs. Price has formed an inverse head on shoulders formation, & the neckline has been broken which aligns with resistance structure of the previous downtrend. Price now is steadily forming a series of higher highs & lows on the lower timeframe (H4-H2). Now that price has broken above this key level zone, price has retested broken resistance as new support & has reacted twice off this daily key level of support. Next week, I am anticipating for price to make one last retest of the support zone for a 3rd rejection / retest, to active buying positions & my upside target will align with the descending trend line & powerful resistance zone.
Hope you enjoyed my breakdown feel free to drop a thumbs up if you agree or comment if you would like to discuss! Lets have a great trading week & stay ahead of the game :)
CHFJPY | New PerspectiveIt has been strong bullish momentum in the last couple of weeks and it appears we might be heading for a retracement in anticipation of a trend continuation to the upside. In this regard, we are hoping to take advantage of a counter-trend opportunity if it finally happens. A reversal pattern is identified on the 1H time frame and a signal is confirmed considering the broken neckline. At this juncture, it is advisable that we wait and see how the price reacts to the neckline.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDUSD | Perspective for the new week AUDUSD appears to be at risk of further decline in the nearest future as price action is currently oscillating within a supply zone on the weekly time frame. Find in this video what my thought process is prior to making a decision on this pair.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Clear rising wedge in us30We can see a clear rising wedge or bearish wedge in us30. We can see a downfall in us30
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USDT.D READY TO FALL! MARKET WILL BOUNCE ANYTIME!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update. USDT.D looks bearish here. It means BTC and Alts can pump well.
USDT.D makes a symmetrical triangle in an 8hr time frame and it already breaks down the triangle. After the break down retest is also done.
Also, it traded below all important MA's (21,50,10 & 200) so it looks so bearish. And as you know when USDT.D is dumping, BTC and Alts start pumping.
I'm expecting a good pump in the market in the next few days.
What do you think about this?
Do you think the market can pump upside from here?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Ascending Broadening Wedge on BTC chartWe have this Ascending Broadening Wedge on the 4 hourly time frame. As we see on the social media everybody is bullish again and that's the point where i am looking in the other direction. I exited my long position from 37.7k because of the bearish divergence on the 4 hourly and entered short postion at 42.2k.
Ascending Broadening Wedge is a bearish pattern and we already have a break out and retest of the support line now turned into resistance.
What do you think about this Ascending Broadening Wedge?
Feel free to leave a comment.
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!!!
NZDUSD | Perspective for the new week | Follow-up detailsPrice action moved over 250pips move in our direction to hit profit target since my last publication on this pair (see link below for reference purposes).
With a simple technical structure on the weekly chart; It seems that the New Zealand dollar’s mini-rally appear to have come to a halt, as NZD/USD pair posted slight losses during the course of last week's trading session as the rejection of the N$0.69000 level remained strong into the weekend.
Tendency: Downtrend (Bearish)
Structure: Supply & Demand | Trendline | Reversal pattern (Breakdown)
Observation: i. For over a year now, the Kiwi has been on a downward spiral as it dropped 12.5% against the USD.
ii. A visual representation of a trend after connecting a series of prices with a line drawn above pivot highs shows the prevailing direction and speed of price in the last 13 months.
iii. The successful breakdown of the N$1.69 level in November 2021 which is followed by multiple rejections of this area emphasizes the selling pressure from this juncture in the last 4 months. at this juncture in the market. which
iv. It is worthy to note here that the N$0.69 level has been a strong demand level for 9 months before the significant breakdown in November 2021.
v. Price is currently at approximate 61.8% retracement of the impulse leg to incite a risk of further decline in price in the nearest future.
vi. Based on the current structure on the chart and the inability of buyers to push prices beyond N$0.69, it appears that we might be having a new supply zone within the N$0.69 area and I suspect a choppy scenario within this area in the coming week(s).
vii. This being said, I look forward to selling the Kiwi below the key level identified around N$0.6800 with a profit target at 1.27% Fibonacci extension if the bear is strong... Trade consciously!😊
Trading plan: SELL confirmation with a minimum potential profit of 300 pips.
Risk/Reward : 1:4
Potential Duration: 7 to 15days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored... I shall be sharing a video of how I am going to take advantage of this trade if the price goes as planned on my new jou tube channel.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURJPY | Perspective for the new weekSince my last publication on this pair (see link below for reference purposes), prices have continued to spiral downwards thereby emphasizing a downtrend momentum as the JY129 area remains the significant level keeping price under. Despite hawkish ECB, the meeting might fail to offer the Euro a lift anytime soon as I suspect that the bears are about to project into the lows in the region of 124.00 area in the coming week(s).
Tendency: Downtrend (Bearish)
Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom & Breakdown)
Observation: i. Jumping in on our 4H timeframe; it is obvious that price action has continued to find lower lows since the 10th of February 2022.
ii. A visual representation of a trend after connecting a series of prices with a line drawn above pivot highs shows the prevailing direction and speed of price in the last month.
iii. The successful breakdown of the JY129 areas which has held price "supported" since the last quarter of last year emphasizes the seller's power at this juncture in the market.
iv. During the course of last week's trading session, we witness the Euro grow 3.70% against the JPY only to find a significant resistance at the key level (JY129) on Thursday and Friday with a reversal set-up emerging within an area that is peculiar with selling potentials.
v. Now, the appearance of a Double Top structure within the identified Supply zone which also shares a confluence with the bearish trend describes a potential trend continuation if we finally see a breakdown of the Neckline around JY127.5 in the new week.
vi. In as much as anywhere below key level appears to be a comfortable area to sell considering current structure, it is advisable that we hold and wait for a breakdown of neckline to join the potential decline... Trade consciously!😊
Trading plan: SELL confirmation with a minimum potential profit of 350 pips.
Risk/Reward : 1:5
Potential Duration: 4 to 8days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored... I shall be sharing a video of how I am going to take advantage of this trade if the price goes as planned on my new jou tube channel.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
CARDANO BREAKDOWN! CRASH INCOMING?!Hey everyone
Today i show you my ADA Daily Chart Analysis that shows all important Price levels.
ADA broke down the biggest support at 0.98$-1.03$ and i expect a big correction after
this retest is successfully done.
Where does the correction stop?
- I think at 0.40$ area ADA will get strong support finally and we shouldnt fall below it
Are there trade options for that correction?
- Yes you can short ADA from 0.98$-1.03$ with dollar cost average and a stop loss above 1.03$
I hope you guys like this idea.
$DWAC - Bearish Descending TriangleA descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows.
From Trading Sim:
You can identify the descending triangle reversal pattern at the top end of a rally. This pattern emerges as volume declines and the stock fails to make fresh highs. The pattern indicates that the bullish momentum is exhausting. At the same time, price action forms a horizontal support level.
After price bounces off the support level multiple times, posting lower highs, we can anticipate a potential downside breakout. The minimum distance that price moves prior to the breakout is measured from the initial high. This distance is projected lower after price breaks out below the support level.
DWAC - All Cults End BadlyWhat do they say about Jim Jones and the kool-aid? I'm not talking about the rapper either. I'm talking about the Jim Jones who shot himself in the head after poisoning his entire following with a concoction of lies.
We are about to see something similar on this overbought, nearly worthless stock.
As Dan Primack of Axios wrote yesterday, " Trump's Truth Social bomb ". This rollout has been a disaster. Most people are still on the waiting list to join. Trump has barely posted. The app is full of bugs. It's stopped to 37th on the Apple Store as of yesterday. Primack wrote, "Trump hasn't posted a single time since the launch, despite an international crisis that has captivated the country. Instead, he's given his comments to radio and TV hosts — including one this morning with Dominion conspiracy theorist Maria Bartiromo — plus via his CPAC speech".
Doesn't bode well when the entire reason for making the platform is to follow Donald Trump.
Also- what is the plan here? According to Seeking Alpha , "At a current market cap of over $15 billion as a pre-revenue company". They go on to add, "Thirty days post-merger, this total is expected to increase to over 170 million shares, excluding warrants."
So we have a failed rollout with bugs, Trump barely posting, and share dilution coming to boot. I haven't even mentioned the biggest wildcard.
Trump's legal woes.
Last night, news broke that Trump could be facing criminal charges if the Attorney General wishes to proceed: "Jan. 6 Committee Lays Out Potential Criminal Charges Against Trump
In a court filing, the panel said there was enough evidence to suggest that the former president might have engaged in a criminal conspiracy as he fought to remain in office."
So 1. Dilution 2. Sell the News with Planned Q1 Merger 3. Failed and Buggy Rollout 4. Potential Criminal Charges.
This is a short that would impress Michael Burry. Don't drink the kool-aid.
M_MFIN ( intraday levels ) Mahindra & Mahindra Finance, this stock is showing weakness on daily and weekly chart, if it breaks down the level of 138.50, then possibly more bearishness could be seen on chart, one can go short if this level is broken or if any Shorting opportunity is seen on 5 minutes time frame, with Stoploss of 138.50 & above, for targets of 133.50 or upto 128.55. Sell only Below 138.50 in intraday and Buy only above 146.50 in intraday.
Support area
Macd in daily is negative
Macd in weekly is also Negative
Rsi in daily below 40 and down tick
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
#NASDAQ - CRASH - 12.000 INCOMING? Nasdaq broke the recent correction lows and closed right at session lows.
If we just saw the first wave of a correction, and after that, the relieve rallye to the 50retrace, we now might be poised for the second leg down.
Copy the first leg, measure it from the high of the relieve rallye and you end up retesting the old ATH at 12k, what clearly is a major inflection point in the Nasdaq chart.
That would probably be an insane buying oportunity, especially in some - at that time probably completly obliterated - high growth stocks.
---- If you wanna protect your portfolio, wait for Nasdaq to retest 13.700 from below and get rejected, that would be your lowest risk/reward short entry. Im not posting full short setups though, cause of reasons :D ----
STAY SAFE out there and good luck on your trading.