Counter-Trend trade FET to $1.40FET seems to have made its way into its very on bear market. It did it all by its self. Aren't you proud of it? lol
.63-.90 was an area of interest here for me when I'd shorted it, and also longed it previously. I think that this area again is a nice place to take a long from.
I think that we can probably hit around $1.40 from here, where I think that then FET will continue down afterward.
Enter anywhere under .815 cents down to .60 cents.
Thank you!
Candlestick Analysis
Head and Shoulders pattern, price might go downAs we can see the price reached our Major key level and formed a H&S pattern, meaning we might experience sellers, but that's not enough confirmation to sell
If price breaks below the Major low then we can take that as a confirmation that sellers are taking over the market and we can expect selling pressure and we can place our entries
If it breaks above the MKL then we can expect buying pressure as this showed that the H&S pattern failed so buyers are taking over
GBPNZD: Strong Bearish Signal?!GBPNZD appears to be in a bearish trend following a period of consolidation.
A break below a support level within a sideways trading range is a strong indication of further downward movement.
It is likely that the price will continue to decline, potentially reaching the 2.1943 support level.
EURUSD: Classic Breakout TradeThe EURUSD broke and closed above an important daily support level.
Following the breakout, the price retested the previously broken level and began to consolidate, creating a tight trading range.
A bullish breakout from this range serves as a strong confirmation of a bullish trend for the day, increasing the likelihood that the breakout is legitimate.
It is anticipated that there will be an increase in price, potentially reaching at least 1.0439.
ETH will go down more don't buy!Ok Ethereum fell out of the wedge and went down heavy. Didn't expected that got liquidated heavy. But in hindsight was expecting something but you never know when and how.
Now making a new technical analysis, I see ETH doing this:
I zoomed out on the weekly TF on the logaritmic chart,
and there you can clearly see a new bigger wedge.
- There is a tripple top with higher highs
- The last pinbar pierced slightly out of the wedge and liquidated allooot of people.
I can see ETH can test the trendline and fall slightly out maybe 2K max.
But technically ETH has to breakout to the upside now,
In a couple of weeks ETH is heavy up. I think people wait for the FED decision in march for QE.
But I ladder in already in the chart already tells you actually ETH is going up.
GbpUsd- Strongly bullish on medium termAs you know from my previous TVC:DXY analyses, I anticipate a correction in the index, which should lead to a rise in major USD pairs.
Among all the USD pairs I've recently covered, FX:GBPUSD appears to be the most bullish.
Looking at the posted chart, after forming a bullish Pin Bar at its recent low in mid-January, GBP/USD began to reverse and climbed to 1.25, which was the initial target at that time.
A correction followed this first leg up. What stands out in this case is the strong bullish reversal candle that formed after Monday’s Asian open gap. Not only did it fill the gap (like in EUR/USD's case), but the pair also returned to the 1.25 resistance level.
This structure signals strong bullish momentum, and I expect GBP/USD to continue its ascent toward the next key resistance zone at 1.28.
In conclusion, my strategy remains to buy the dips.
Depending on the entry point, this setup offers a potential risk-to-reward ratio of over 1:3.
FET - buy from .17-.31 cents after it tests 1.05-1.08FET entered a bear market all on its own. Aren't you proud of it? Lol.
The way things are looking for it now, I could see it doing a counter-trend up to about 1.05-1.08, and then continuing a down move.
I think that a prime opportunity can be had around .176 - .31 cents.
I will be looking again when/if we get there for confluence.
Thanks for looking!
Long trade
1Hr TF
Reason: Following recent sellside trade signalled (observing RED K Everrex indicator) the end of the downtrend and sellside momentum for this event indicative of a buyside trade.
Buyside trade
Sun 2nd Feb 25
Tokyo Session AM
9.00 am (NY Time)
Entry 2356.48
Profit level 2871.41 (21.85%)
Stop level 2341.42 (0.76%)
RR 28.62
Superb closing above Mother and Father Line Resistance. We had a very good closing today by Nifty at 23739 which is above Mother and Father line of resistance but there is a trendline resistance now at 23745 which Nifty was not able to cross today after briefly hovering above it as it made a high of 23762.
The next resistances in line for Nifty if it is able to cross 23745 swiftly will be at 23883 and 24108. Closing above 24108 can bring the Bulls back into the game and take us to the next resistances at 24281, 24596, 24898 and finally 25K+ levels.
Supports for Nifty are at 23663 (Mother Line support), 23619 (Father line support), 23421 and 23222. Below 23222 Nifty will become weak again and in such a scenario Nifty can fall to below 23K levels of 22976, 22797 or even 22316.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
GBP/AUD: Supply Zone Retest – Sellers Ready?Welcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis !
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