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EURUSD May Offer a Buying Opportunity as it Tests Key Support Hey traders! EURUSD is currently testing a Daily support zone as well as a demand zone at 1.05500. It'll be interesting to see how the Daily candle closes today. If we get a bullish confirmation, we could look for a buy entry targeting the next level of resistance at 1.06900. Remember to always manage your risk and use proper risk management techniques. Follow me for more trading insights and analysis. And if you found this helpful, give it a like and share it with your fellow traders! Happy trading!
by TheTradersAvenue
22
EURCAD > In-Depth Plan for Sell Entry..The EURCAD currency pair is showing signs of a possible sell entry opportunity as it approaches a strong resistance zone. This zone has been tested three times before and is also reinforced by a strong trend line resistance at the same level. The key market level of 1.4600-1.4620 has held as resistance in the past and we could see a bearish reaction from this zone again. To trade this setup, we can look for a sell entry once the price reaches the resistance zone at 1.4600-1.4620. We can use bearish confirmation signals such as a bearish engulfing pattern or a double top formation to enter the trade. It is also important to use proper risk management techniques and have a stop loss in place to limit potential losses in case the trade doesn't go as planned. Overall, this potential sell setup on EURCAD looks promising given the strong resistance zone and trend line resistance. Keep an eye on the price action around 1.4600-1.4620 and wait for confirmation before entering the trade. Don't forget to manage your risk and always use proper risk management techniques. Don't forget to follow me for more trading insights and analysis. If you found this helpful, please like, comment, and share.
by TheTradersAvenue
16
NZDUSD > Possible Buy Entry at Key Support LevelThe NZDUSD pair is currently trading at a very important support level of 0.6100, which has been a key level for the pair in the past. Looking at the left side of the chart, we can see that the market has bounced from this zone multiple times. This suggests that there is strong demand at this level and a possible buying opportunity. However, we need to be patient and wait for a valid confirmation on the lower time frames. A bullish reversal pattern, such as a bullish engulfing or a double bottom, would indicate that buyers are stepping into the market and ready to push the price higher. If we get a valid entry, we could potentially target the next level of resistance at 0.6200, offering a 100-pip trade opportunity. It's important to keep an eye on the price action around this key support level and wait for a clear confirmation before entering a buy trade. As always, remember to use proper risk management techniques and never risk more than you can afford to lose. Follow me for more trading insights and analysis, and don't forget to like, comment, and share if you found this helpful.
by TheTradersAvenue
22
FILUSDTAccording to the price chart, it is located in the overlapping area of ​​the Fibonacci price levels. And also the price is near a static resistance and a support trend line. According to the price pattern on the chart, the price is "probably" at the end of its corrective pattern. In my opinion, this correction pattern should end between the 11th and 13th of March. And the least I expect after the correction pattern ends is for the price to rise to the top of wave A or 1. But the main targets of this price increase are respectively $20 (100% Fibonacci extension of wave A or 1 from the bottom of the corrective pattern) and $46 (162% Fibonacci extension). And finally I see $183 (Fibonacci extension 262%).
Long
by Mr_elliottt
Bitcoin Under Pressure as Selling Continues, Testing Key SupportBitcoin has been consolidating around the 22000 level in recent days, with a potential breakout looming in the near future. However, the current price action suggests a bearish trend with selling pressure bringing the price down toward the support levels. Additionally, the pair has broken below both the 55-day and 100-day EMA, which indicates a weakening bullish trend. The next possible support level is the 200-day EMA at 21200, which could potentially provide a strong bullish reaction if the price bounces from this level. On the 4-hour chart, the price action is expected to remain bearish, with a possible continuation of the downward momentum. Traders may want to wait for a bullish confirmation before considering a long position, such as a bullish engulfing pattern or a trend line breakout. It is crucial to exercise proper risk management techniques and always consider your risk tolerance before entering any trade. Follow us for more updates on cryptocurrency trading strategies and analysis.
by TheTradersAvenue
33
⚠️Bitcoin Mid term Update 1DBitcoin is preparing to rested 22.8k as i mentioned in the previous post. Yesterday BTC restested 21.6k that was a STRONG RESISTANCE in the past 2 months which now is acting like STRONG SUPPORT. And BTC successfully retested, but failed to break below this price. Now i expect BTC to retest 22.8k. If breaking 22.8k resistance i am expecting BTC to bounce to 24.5k. And 27k, only if daily closing above 25.3k ⚠️ 27k is the final price target of this relief rally for BTC Now...now is getting even more interesting... S&P just retested the important support (and passed the retest) level which broke early in january 2023 We se a Bullish Div at S&P chart 1D which is very bullush for crypto. RSI is 39% which is good sign. As well as BTC chart we clearly see Bullish Div We need to see S&P which is the leading indicator for BTC. ⚠️Trading is about propabilities, not certainties. ⚠️Not a financial advice. ❤️Always trade with cautious.
BITSTAMP:BTCUSDLong
by MatrixCrypro
GBPUSD >> Strong Sell Setup as Market Breaks Key SupportHello Traders The GBPUSD market has recently broken a strong support level, as previously predicted in my previous analysis, and has now fallen over 200 pips. This level is now expected to become a resistance zone near the 1.1900 price point. This sets up a perfect sell opportunity for traders. Waiting for a bearish confirmation such as a double top or a bearish engulfing pattern would be ideal before taking a sell entry. Additionally, placing a stop loss above the resistance zone would be wise to protect against any unexpected bullish movements. Don't forget to properly manage your risk and utilize effective risk management techniques. For more trading insights and analysis, be sure to follow and like my page. Leave a comment and share if you found this helpful! Happy trading."
by TheTradersAvenue
12
Get Ready to Sell! Perfect Setup Near Trendline ResistanceAnalysis of #GBPUSD Hello traders, Looking at the GBPUSD chart, we can see that the market is currently approaching the trendline resistance and a previous structure resistance zone. This provides a potential sell entry opportunity. We can wait for the market to confirm the resistance level by forming a reversal pattern or showing bearish momentum before entering a sell trade. Our target could be the recent low or even lower to the next resistance level. Keep an eye on the market and follow me for more trading insights and analysis. Happy trading!
by TheTradersAvenue
6
Buy Opportunity Alert as Price Hits Key Support LevelsAnalysis of #USDCHF Hello traders Looking at the USDCHF chart, we can see that the market is currently at a key trend line support and a previous structure support level. Additionally, there is a major key market level at 0.9300 which could act as a potential bullish target. To trade this setup, we will wait for a bullish confirmation such as a double bottom or a bullish engulfing pattern. Once we have a confirmation, we can look for a buy entry with a stop loss below the trend line support. If the market moves in our favor, we can target the next structure resistance level and potentially the key market level. It's important to always manage our risk and use proper risk management techniques such as setting a favorable risk-reward ratio. Follow me for more trading insights and analysis. Don't forget to like, comment, and share if you found this helpful!
by TheTradersAvenue
13
Gold Price Alert: Sell Setup Detected at Strong Resistance ZoneAttention Gold Traders: Sell Setup Alert!" Looking at the Gold chart, we can see a potential sell setup forming. The market is approaching a previous resistance zone with a strong supply level on the 4-hour timeframe. Additionally, we have the Fibonacci 141 inversion level and the Fibonacci 0.618 level acting as confluence points for a potential reversal. we can look for bearish confirmation at these levels and wait for the market to make a move to enter a sell trade. Keep a close eye on the price action and follow my page for more trading insights and analysis. Don't miss out on potential profits. Remember to always manage your risk and trade with a sound strategy. Happy trading!
OANDA:XAUUSD
by TheTradersAvenue
8
Sell Setup: Previous Resistance + Strong Supply = Perfect Trade!Hello traders, The EURUSD chart shows a clear sell setup as it approaches a previous resistance zone. Additionally, on the 4-hour timeframe, we can see a strong supply level which adds more confluence to the sell setup. To trade this setup, we will wait for a bearish confirmation such as a double top or a bearish engulfing pattern. Once we have a confirmation, we can look for a sell entry with a stop loss above the resistance zone. Remember to always manage your risk and use proper risk management techniques. Follow me for more trading insights and analysis. Like, comment, and share if you found this helpful! thank you all
by TheTradersAvenue
14
EURJPY Sell Setup with High ConfidenceGreetings traders, Today, I want to share with you a potential sell setup on EURJPY. The pair is currently trading near a strong daily resistance level, which is also a previous supply zone. Moreover, we have identified a bearish harmonic AB=CD pattern on the chart, which adds more confluence to the sell setup. To trade this setup, we will wait for a bearish confirmation such as a bearish engulfing pattern or a double top formation on the lower time frame. Once we have a confirmation, we can look for a sell entry with a stop loss above the resistance level. Our profit targets will be set at the previous structure support and beyond. As traders, it is crucial to always manage our risk and use proper risk management techniques. Remember to never risk more than you can afford to lose. If you found this analysis helpful, please consider following me for more trading insights and analysis. I would also appreciate it if you could like and comment on this post to let me know your thoughts and feedback. Thank you for your attention and happy trading!
by TheTradersAvenue
19
Sell Setup: Daily Resistance, Supply Zone, and Bearish Harmonic Hello traders The EURAUD has been trading near a strong daily resistance level, which has been previously respected as a supply zone. Additionally, we can see a bearish harmonic Bat pattern forming on the chart, adding further confluence to the sell setup. To trade this setup, we will wait for a bearish confirmation such as a bearish engulfing pattern or a double top on the lower time frame. Once we have a confirmation, we can look for a sell entry with a stop loss above the daily resistance level. It's essential to practice proper risk management techniques and avoid overleveraging when trading. Follow me for more trading insights and analysis. Like, comment, and share if you found this helpful!
by TheTradersAvenue
14
ATLAS TECHNICAL CONSULTANTS: Elliott Waves Technical AnalysisFrom a technical point of view, the trend is bullish on hourly chart, so it could be interesting to look for a potential corrective structure that we could use to try to take a long position. The downside is that we don't have extended historicity and that makes the setup high risk, so logic tells us to use a small size. ATLAS TECHNICAL CONSULTANTS ($ATCX) - NASDAQ NASDAQ:ATCX Strategy: Buy on Wave 4 PROFILE Sector : Industrial Services Industry : Engineering & Construction Atlas Technical Consultants, Inc. is a provider of professional testing, inspection engineering and consulting services. It offers solutions to public and private sector clients in the transportation, commercial, water, government, education, and industrial markets. The firm provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. The company was founded on June 28, 2017 and is headquartered in Austin, TEXAS. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
ALong
by TheAnonymousBanker
3
Crypto Industry in Shock: Bitcoin Warns of Further DropAnalysis of #Bitcoin Hello traders Bitcoin is currently facing bearish pressure as it approaches a major key market level near 22000 and hovers at trend line support. The recent lack of interest from buyers is concerning, and BTC has been trading in a narrow range. Additionally, the warning that sent shockwaves through the crypto industry has added to the uncertainty. Despite this, Bitcoin has been in a rising trend channel in the medium to long term. However, if BTC breaks below the trend line support and recent low, it could potentially test the 18000 level. Traders should closely monitor the price action and look for sell opportunities if BTC fails to bounce back from current support levels. Stay ahead of the game and don't miss out on potential profits. Follow me for more trading insights and analysis. Like, comment, and share if you found this helpful!
BITSTAMP:BTCUSD
by TheTradersAvenue
8
Bitcoin Immediate short term ⚠️UPDATEWhat are the reasons for the recent decline in the value of Bitcoin? In both Timeframes 1W and 1W BTC printed a Bearish Divergence Bitcoin has been moving sideways for the past 33 hours, while altcoins have been bleeding hard. What's next ? Bitcoin's current major resistance level is $22800, and if it loses its current support level, the next target will be $21.5k. If breaking 22.8k resistance i am expecting BTC to bounce to 24.1k. And 27k, only if daily closing above 25.3k That was the reason why btc was dumping hard recently. Note: Predictions and chart analysis made more accurate when jumping into a higher timeframes. ⚠️ Not a financial advice. Happy trading ❤️ Follow me on Quora for daily updates Flor Bejleri
BITSTAMP:BTCUSDLong
by MatrixCrypro