GBPJPY trend reversal GBPJPY
here we have a markup showing the last shifts from this pair, now we have shifted away from our last buy range formed we have a clue that we could be getting ready for a short move on GJ. just because we have this shift in ranges does not mean we are 100% going to bearish, so we will only be looking to take a confirmation sell from the supply zone highlighted above.
following our order flow back and tracking the volumes is showing sell side coming in strongest we have had in this current trend to date.
of course we will see how price plays out before hitting our zone if it does get back there!
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Conformation
Ontology on critical resistance. If it holds above, bag ‘em.Follow me for more ideas. It will give me motivation to publish more ideas.
Another my favourite blockchain Ontology is facing critical resistance. However rsi is conforming convergence so, we can get huge upside move.( The only thing which can drop ontology’s price is BTC/USDT.) If it holds above $0.5, i’ll suggest to hold for medium term.
Moon Cancelled? 4 H EMA Golden cross is not getting any love :((Whazuup my people, hope you are having a terrific trading day and had a phenomenal weekend as well.
I think we are primed to have a nice 1000 USD correction within a very short time. 8.5 target lies on FIB 0.5 which is universally beloved retracement level for BTC and IMHO we will at least test this area today or latest tomorrow. Trend reversal theory will be confirmed or disproved based on the price action that we encounter back at 8.5K level. Current price action looks bullish, yet BTC has a habit of closing all the fast gains in a relatively prolonged downturn. Key pivots for me are at 10.3( closing and maintaining daily over there will be a confirmed trend reversal), the medium term-bullish scenario will be if we retest 8.5K and swiftly reverse to the upside.
Have a profitable day my friends and don't get rekd :))
Summary Answers:
1. Moon is not cancelled, going down to 8.5k level will test the bullish resolve of the current price action. If we start consolidating at levels 8.5 or blow I'd expect a further sliding continuation of a downtrend.
2. Why 4H golden cross did not get any love? - 1. It is too far away from the price action 2. Bulls are currently exhausted and do not have much power to push the price further. In fact, they are so exhausted that we have closed down an all the gains that preceded to the golden cross.
Clear break passed $4250 and Head&Shoulders confirmed. Bull run?As i stated in my previous post , a Inverted head and shoulders pattern was forming signaling a bull move and a possible reverse in the market .
if we can get a clear break passed $4250, i see some resistance around $6000 and if we break that mark we are definitely in a Bull Run once again .
put your seat belts on , cause its gon be one hell of a ride ........
Eurusd downtrend. 2 hour.If we look a closer look on the 2 hour, we just broke under the "HL", red line.
Look for the pullback to the 0.618 or 0.786 retracement.
RSI almost oversold.
The bear's is "tried".
Trade begin: 0.618
Targets if complete: 1.22562
Stop loss: 1.24111
1½:1 trade!
Trade begin: 0.786
Targets if complete: 1.22562
Stop loss: 1.24111
3:1 trade! Let's go
RSI: oversold still.
NzdUSD, cypher bullish, 2 hourHello Again!
Here we go.
Cypher on the 2 hour time frame.
We got the 15min time frame, cypher patter complete.
And now looking for the D leg, on the big and small cypher patter bullish.
The big one D complete: 0.72365
The smaller one D complete: 0.72690.
ill look for the Smaller one first, and if this one not will complete, the bigger one.
Rsi almost oversold.
Let's wait and see. :)
GBPUSD, Gartley long & short. ? DailyHello. Hope u all have a great weekend.
This week, ill look on the Dailey time frame.
Ill look for the D point on the BIG green on : 1.35353. Long
Target 1: 1.38465.
Target 2: 1.40345.
Stop loss: 1.32616.
On the small blue, ill look for the D point on : 1.39933 Short
Target 1: 1.38869
Target 2: 1.38200
Stop loss: 1.40825
EURUSD gartley or cypher?? or pennets? 1 WEEK.Cypher, need to go up to c, for the 1.272 and can not close over 1.414, and after that we will go Down to D.
Gartley, we just need to get the conformation, to the D leg, wich will be 1.22260.
Targets 1:
1.23394.
Targets 2:
1.24095
Stop loss:
1.21402.
Will also look for the pennats.
Just need to wait for the conformation there, for the break about.