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Breakdown

USDCHF | Perspective for the new weekFrom the weekly chart, the overall perspective is Bearish despite the uptrend scenario on the daily chart that began on the 2nd of November 2021. The Greenback climbed to over a two-week high prior to the Non-farm payroll report but was struck with a wave of "sells" after the report detailed that the US economy added 199,000 new jobs in December - a feat which was below the consensus of 400, 000. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Trendline Observation: i. Since July 2020, it is observed that the Fr0.93750 zone has been a strong area for the bears. ii. The Bullish run that began on the 2nd of November 2021 was stalled at Fr0.93750 (an area peculiar with strong selling pressure in the last 18months) and was immediately followed by strong selling pressure which is represented on the chart bearish engulfing candle iii. Trendline: The visual representation of a line drawn above pivot highs reveals the prevailing direction and speed of price action in the last42 days. iv. And since the strong reversal, buyers have been finding it difficult to break through Fr0.92800. A character that emphasizes the selling pressure at this juncture in the market. v. The breakdown of the Bullish trendline and Key level in December 2021 is a further signal that buyers are losing steam as they make another attempt to hijack the momentum from sellers during last week trading session. vi. For me, the surge in price during last week trading session could probably lead to a retest of the bullish trendline broken to incite a further decline in price in the coming week(s). vii. The early hours/days of the new week might see a price climb into the new supply zone I have identified within Fr0.92120 &0.92450 where I shall be looking for a reversal set up to take a short position viii. If this does not happen and price decides to do an outright breakdown of key level @ Fr0.91750 then it is advisable to use the key level as a yardstick for precautionary measures... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:5 Potential Duration: 2 to 7days 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. 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.
Short
by darcsherry
BTC - NEXT TARGETIn this chart you can see my view on the short term move for BTC. In scenario 1 we retest the trendline and most likely bounce upwards towards the 0.382 fib level of 52289. In scenario 2 we do not have a breakdown but instead hold the 0.236 and have a little move up. Based on the RSI I would say that scenario 2 is more likely because it is already hugging the bottom of the zone. Let me know, what do you think? Scenario 1 or Scenario 2? Or do you have other ideas, I would like to know your perspective on this chart!
BITSTAMP:BTCUSD
by jaspervanes
Bearish market structure (lower highs, lower lows) BTCHello all, This technical analysis is similar to the last one I posted but just more detailed showing you what I'm seeing so you can visualize what I'm thinking. Let's see what happens today (Monday, December 13th, 2021) and the rest of the week. The rejection at $52,000 was exactly where we broke down below the uptrend that started July 2021, indicating it's a supply zone, and then we printed a lower high also after that confirming the previous sentiment. Have a nice week, and stay safe. Like/comment if you want more TA later this week. 👍
COINBASE:BTCUSDShort
by YurloTrades
2
GBPCAD Ascending Channel I am liking this Ascending Channel I expect it to make its way toward support, Could break below and go to 2nd major support, Which would also be the bottom of the Channel. The RSI is also signaling BEARISH DIVERGENCE. So we will keep an eye on that. I am reposting a rough chart I posted earlier because it was blocked for the reason of breaking the rules of this website. I put a link to my discord, which is not allowed. So here is a picture of the orignal analysis. This one I just reposted is cleaner anyway. Lol DONT MAKE A TRADE JUST BECAUSE A STRANGER ON THE INTERNET HAS A COMPELLING ANALYSIS> Make sure you do your own analysis The picture below is my original analysis. :)
Short
by Wickalodeon-GhostProductions