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NZDJPY bearish scenario:In this pair, technical analysis shows a technical figure Descending Triangle. The Descending Triangle has broken through the support line on 20/08/2021. NZDJPY forming a bearish formation on a daily chart . If the price holds below this level we will have a possible bearish price movement with a forecast for the next 42 days with a target of 73.47. If you decide to enter this position, experts say your stop-loss order should be placed at 77.94. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial
STRAX/USDT Bullish Head and Shoulders pattern to play out?STRAX forms a Head and Shoulders pattern which could break upwards in price. The RSI on the 4h chart currently follows the upwards trend indicated by the yellow line. Also on the 4h chart we see a bullish cross between the 50 and 200 MA which is indicated by the yellow camera. If the breakout occurs we expect some upwards movement with the target close to the previous ATH. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
1
BITCOIN - Show Us What You Got!Hello everyone, rouzwelt here well If have been my following posts lately, you know that I've been talking a lot about a potential local uprise and a break-out above the down-trend line (blue down-sloping line) and I've been pointing out the possible projection of this scenario happening, as you can see in the screenshot of my last post about BTC (picture below - full article link at bottom of the page " Wyckoff Redistribution Update") Candles actually printed with good accuracy compared to my projection and I have posted a scalping trade based on this idea, I personally took it and my entry was at 34700 USDT, I hope that you have followed this idea and entered a long position along with me but if you've not, let me say that there might still be a chance for that as I'll be explaining later on. Right now price is entering a local resistance area of 36.5/37.5K (first gray box on the chart), It's a critical level for BTC at this stage if we want to see higher levels. We have not got a retest of the down-trend line (blue down-sloping line) yet, but that might come with a good probability, if it happens and manages to hold the support around that area that would be good entry point for those of you that didn't open any positions, and for me personally I'll be increasing my position in that case (likely price action projection NO.1 - green arrow). But a retest might not happen and we may rise up from here without one, although that is not the best scenario for a sustainable uprise but if we somehow see BTC starts to build some support near the 36.5/37.5K area and spend some time around there and also manages to hold the up-trend line (purple up-sloping line) then that may actually be a good indication of upper levels. (likely price action projection NO.2 - green arrow) But if we see a breakdown of the up-trend line (purple up-sloping line) followed by failed retest of the main down-trend line (blue down-sloping line) we would see the bearish scenario playing out which will be the case when we start to see a momentum shift and increase of volume at rally down and decrease of it at reactions. Right now we see increase of volume at rallies up and decrease of volume at reactions which is a good indication of more buyers are willing to step in and increasing demand. this needs to be sustainable. My Stop-Loss is still at the last swing low, right at the break-down of the blue down-trend line, but I'm going to move that to entry as soon as price starts its next rally up or a successful retest. That's all for today, I hope it'll be helpful and like always have fun and trade safe.
by rouzwelt
24