Bearish (SHORT) GBPUSD-DXY (US Dollar) is overall bullish, so I will be looking to buy/go long US pairs.
-GU is in an overall downtrend and after some bearish pressure, expecting price to make a retracement.
-Price formed a double top and broke below the neckline, ultimately creating a lower low.
-I am expecting price to make a retracement and potentially stop hunt and test the 50.0-61.8 fib level, confirming the break of structure/testing the neckline of the double top.
Please Like, Follow, Comment. What is your analysis?
Breakofstructure
Do or die for long term Bitcoin bulls?As we can see on HTF $BTC charts, price has been moving in an upwards channel creating higher highs and higher lows ( breaks of structure confirming the continuation of the uptrend), but we have sinked into a lower low which would definitely count as a change of character of the market reversing the trend downwards. Do or die scenario is basically bouncing up from the demand point and forming a higher low constituting another change in the market's character to resume uptrend.
From another bearish Point of view, we could also see a massive bearish flag forming on HTF charts as well targeting the same areas we would be targeting with supply vs. demand analysis.
Please check linked idea to see how I expect the movement to be inside the bearish channel / flag before breaking out to the downside.
US30 LONGCURRENCYCOM:US30
US30 broke and closed above 29 500. Shifting bearish bias to bullish bias.
Patiently waiting for a retest at previous resistance turned to support.
Long position idea on $TRB [risky!]Quite a simple straightforward trade which could prove to be a big fail considering the FUD going around the project and how it is being called the next $LUNA but from a pure TA point of view this is a very valid trade.
Using adequate risk percentage / position sizing is vital and I can't stress enough on that.
Crazy funding rates on exchanges right now as well; -1.5% on ByBit right now for an example and that on its own is worthy of a shot at a long imo.
Entry and target zones marked.
LFG 🚀
AUDCHF showing some bullish patternAUDCHF is in uptrend which have started in july and has mitigated the area of demand after showing more break of structure to the upside and the formation of equal lows (liquidity) which got liquidated and this indicate strength in the pair. from this area we are taking a long position for this pair to capture the opportunity.please dont take this as signal, add your futher confirmations and you use your own strategy to make the decision.
EURJPY - BREAK OF STRUCTURE 📉The EURJPY price is in Daily Resistance Level and 50 Fibonacci level🧐
the ascending channel is broken ✔ the key level is broken & retested ✔
so, i predict a bearish move 📉 Break of Structure 📉
TARGET: 135.046 🎯
...
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
CHOCH vs BOS ‼️WHAT IS BOS ?
BOS - break of strucuture. I will use market structure bullish or bearish to understand if the institutions are buying or selling a financial asset.
To spot a bullish / bearish market structure we should see a higher highs and higher lows and viceversa, to spot the continuation of the bullish market structure we should see bullish price action above the last old high in the structure this is the BOS.
BOS for me is a confirmation that price will go higher after the retracement and we are still in a bullish move
WHAT IS CHOCH?
CHOCH - change of character. Also known as reversal, when the price fails to make a new higher high or lower low, then the price broke the structure and continue in other direction.