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GOLD: Short VOLUME TRAPPED!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the XAUUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: Since April 2022, this market has been moving inside a falling wedge, and having a quick look on the higher time frame, you can clearly see the lower lows and highs formed during the further months. The general momentum, has been bearish for all these months till the market reached the main bottom of the structure, 1675, a strong level, made in the first quarter of 2021. During the last 2 months, the market tried to “work” into the low, definitely we could see the seller pressure trying to push the price lower and lower. The volume between 1660 and 1620 looks trapped and it won’t be easy to go back inside that area. November 2022, a sharp breakout of the structure and and impulsive move for more than 1300 pips, could be the first clue of HTF reverse momentum, if obviously, will follow a clear correction for a such a big movement. When, where and why would we step into the market? A part for scalping and day trading positions, if you are looking for a swing/medium term trading, we don’t really think this market is ready for a buy!
The impulse is strong, and needs to correct! Having a look on the previous similar impulses, it may need one month or even more in order to complete the structure for a potential further bullish movement. In that time of course, we will try to be looking for short term long opportunities, still in line with the overall HTF momentum. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
OANDA:XAUUSDLong
by Cybernetics_tl
23
EURGBP: The market is preparing for the NEXT IMPULSE! (setup)Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURGBP, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: Since the end of September, this market performed a really strong bearish impulsive phase, correcting and moving following the same bias for a while. In mid of October, we could see a formation of a potential bearish structure, and we were able to take some profit form that movement. Eventually, as expected, there was a possibility to see the general structure evolving in a bigger structure and currently, after a retest of the level 0.8800 and a formation of the rising channel, the price is nicely moving to the downside. All the confluences are in line with the main HTF momentum and we will be looking to short the market targeting the bottom of the LTF structure, at around 0.85700. When, where and why would we step into the market? The price currently broke the LTF structure, and we are waiting for some correction before place a short position on this trade, whenever the correction will be completed. It would be a clued of a potential market continuation and we believe in an interesting opportunity! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
12
USDCHF: Breakout DONE! Try to SHORT this market!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: Since the beginning of September 2022, the price has been moving following a clear rising wedge, hitting and bouncing on an important previous swing at about 1.00650. Since then, the price consolidated in a box range of 250 pip, and recently broke the main structure and consolidation phase. Considering the potential bias of market reversal, and enough LTF confluences in line with the overall momentum, we expect a bearish movement, targeting the next swing low at around 0.97500. When, where and why would we step into the market? Before entering short in this market, we will be waiting for the price to complete its corrective move after breakout, retracing more and forming a deeper structure, potentially enough for the next further down move. A breakout and proper RR, would be our entry, considering the strong bearish momentum. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
13
GOLD: Price breaking the MAIN STRUCTURE!!!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the XAUUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In our previous forecast, we were expecting a bullish movement considering the overall bullish momentum in high timeframe (see previous posts for a better understanding). With this method, we couldn’t take advantage of this move because the structure was too big and the RR not enough accordingly with our strategy conditions. The market currently is back on the top of the structure, and further bullish price action could lead to a potential next market movement outside the falling wedge pattern. When, where and why would we step into the market? Before entering a long position, would be better for the price to leave the structure, correcting, giving us enough room for a trade position until the next swing high. However, a pullback inside the wedge, would invalidate the trade setup and no action will be taken on this market. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
OANDA:XAUUSDLong
by Cybernetics_tl
27
GBPCHF: Market Reversal followed by BEARISH Price ActionHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In October 2022, we could see a strong bullish impulse and in that time out bias was quite bullish considering about 800 pip of move. We were looking for a correction phase before the potential next movement, which it never happened. Eventually the market approached on the level around 1.1400, correctively, forming a rising wedge, which usually is a potential reversal pattern, if it make sense with the overall price action. At the end of October, a strong reversal impulse changed and confirmed the new bearish bias! The price currently is correcting the previous move, and it could proceed its downward movement targeting the level 1.1200 and 1.0900. When, where and why would we step into the market? We missed the first entry on the breakout of the LTF structure, so we will be looking for a second entry if a bearish price action will form during the current day. The overall bias is bearish, enough HTF and LTF confluences are a confirmation to short this market! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
14
GBPNZD: Is the market getting ready for the next IMPULSE?Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPNZD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: At the end of September, the market performed a really strong and sharp bullish impulse. During that time, many traders were looking for a long position, our team included! Eventually, in the month of November, we could see a formation of a head and shoulders just above a previous swing high, a perfect clue for a market reversal, confirmed just at the end of October with a strong breakout of the main pattern and continuation to the downside. Currently, the market is forming a potential bearish flag, needed to correct the previous sharp and quick move. For our bias, although we will be looking for a short entry, the market is not ready yet and a deeper consolidation it may happen and last for the week and eventually the next one. When, where and why would we step into the market? Before any short position on this market, we will be waiting for the consolidation to be completed, eventually entering on the breakout or from the top of LTF structure if all the conditions will be in line with our strategy. We don’t expect the market reaching very low target but 1.9100 could be a realistic and a possible scenario, definitely profitable also in terms of RR! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
22
CADCHF: Waiting for further CONTINUATION!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In our previous post, about few weeks ago, we forecasted a potential upside movement considering the overall reversal bias. The market clearly performed it, breaking the main high timeframe structure and it’s currently forming a potential continuation. The momentum doesn’t look very strong, so it may form a bigger structure, retesting the zone 0.73500, 0.7300, creating deeper pattern where we would try to take advantage. Overall in HTF a double bottom and breakout of the main structure, are clues enough to justify a further bullish movement. In LTF a sequence of bullish small structures are moving up targeting the next swing high. When, where and why would we step into the market? Before entering long on this market, we will be waiting a greater entry, patiently waiting for the confirmation and formation of a bullish continuation pattern. In the scenario of reversal and/or price not forming the expected price action, no action will be taken on this market and the overall setup will be invalidated . If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Long
by Cybernetics_tl
25
CADCHF: The market is reacting around a strong SWING!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: In HTF this market reached an interesting swing at around 0.71700, which reversed the direction the last March. At the end of September 2022, it approached on the current area, double topping and reversing, after it has been moving inside a descending channel for almost 6 months. Currently, the price is correcting (still inside the structure ) with a possibility to see further bullish price action. When, where and why would we step into the market? The market is not ready for a long trade, not so much space inside the structure to enter long with a good RR, however, a breakout to the upside of the main structure would be an interesting entry point to take advantage of! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab
Long
by Cybernetics_tl
16
ETHUSD: Breakout structure and potential UPSIDE MOVEMENTHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the ETHUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In our previous forecast, we were quite bearish on this market considering the overall bearish momentum followed by several bearish structures. Recently the market started squeezing and exploded to the upside with a strong and sharp impulse. This allowed us to change our current bias, starting considering a different perspective. As you can see in the chart, the market formed a falling wedge and it broke to the upside, correcting and eventually preparing for further upside movement. When, where and why would we step into the market? Currently, the price left the main structure and is consolidating just above it! Before entering any position, we would be waiting for a deeper correction, targeting the level 1800, area where the previous swing high could potentially reverse the overall market. If the LTF structure fail, dropping without any confirmation, the overall setup will be invalidated and no action will be taken on this market. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab
COINBASE:ETHUSDLong
by Cybernetics_tl
11
GOLD: More liquidity for the NEXT MOVE!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the XAUUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Lower timeframe: During the last few weeks, we forecast a potential bullish move, considering the overall price action in HTF and enough confluences in LTF. Eventually, the price was not able to break the main structure to the upside, why? Simply the answer is: “ the market is not ready for that”, more liquidity, more development is needed and patience is the key in order to succeed. When, where and why would we step into the market? Currently, the price is moving bearish, and possibly it could reach the same area where a big bullish impulse happened recently. We will be studying the reaction of the price around that level and eventually re-enter the market if any condition is satisfied. Any breakout to the downside with further bearish continuation will invalidate the analysis and no action will be taken on this market. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
OANDA:XAUUSDLong
by Cybernetics_tl
20
GBPCAD: A potential MARKET REVERSALHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPCAD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In our previous forecast, we were looking for a long entry considering the overall bullish price action after a strong sharp impulse lasted for more than 1000 pip. The price then reached its previous swing high, reversing and continuing to the downside. In HTF we can see a double top and a rising wedge, which together usually are a potential reversal pattern, because most of the time it reflexes a market condition of weakness. In LTF as well, few LTF confluences are forming as a bearish impulse and a little head and shoulders on the top of the structure. When, where and why would we step into the market? The current market condition looks very interesting for a short position! Before entering the market we would be waiting for a correction after the breakout of the main structure (which is happened just a couple of trading sessions ago!) The main reason to be waiting for this confirmation is related on the fact the after a strong impulse, usually the market needs a breath, correcting and retracing. The market, as well, could just continuing dropping or potentially reverse without giving clues! In this scenario the trading idea will be invalidate and no action will be taken on this market! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
20
EURJPY: Shorting the Top of the Structure!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: As most of the JPY pairs, EURJPY looks quite bearish and the price action itself is very clear. In HTF a double top and a huge corrective structure could be an interesting clue of an upcoming market reversal. Few LTF confluences, as well, are confirming the overall bias and we would like to step into this market as soon as it will be ready! When, where and why would we step into the market? The price dropped, breaking the LTF structure to the downside, impulsively, and it’s currently starting a potential correction for the next bearish impulsive phase. The market, considering we are close to the end of the week, it may not be ready by this week. However, we will keep an eye on the further price action and eventually a bearish correction is formed, we will step in, accordingly with our method, if all the criteria are respected. Any reversal signs and/or pattern, would invalidate the trading idea/setup, and no action will be taken on this market! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
14
EURGBP: Looking for further BEARISH ContinuationHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURGBP, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: At the end of September, this market reached an interesting swing, and we could see a strong bearish impulse lasted for more than 500 pip. Initially, the market started correcting, retracing and forming a flag structure and it performed a new strong impulse to the downside. Enough bearish confluences are still in line with the overall bias and if the market will develop further bearish price action, it could be a great market opportunity for the upcoming week. When, where and why would we step into the market? Currently, the market is retracing and many different scenarios could happen! Overall, if the market will form a new structure, we will definitely take advantage of it but however, we don't exclude the possibility of a bigger and deeper structure before a potential drop, that could last for a week or more! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
19
USDCHF: Top of the structure, looking for Market Reversal!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: Since the beginning of September, the market started rising up into a corrective formation, recently approaching its previous swing at the top of the main structure. A double top and a rising wedge around that area, are a first clue of a potential losing of momentum, with the possibility to see a market reversal. In lower timeframe, the market is still performing a series of random short term movements, still moving slightly to the upside. When, where and why would we step into the market? The overall Bias for this market is quite bearish considering how many times the market got a rejection on the current level, however not yet many LTF confluences to enter any short position. We would be waiting for more confluences during the upcoming trading week but the best and moderate trading setup at the moment, is to wait for the market to break the main structure to the downside, entering short on the first bounce and/or at the correction after breakout. Note that a breakout of the current swing and further bullish price action at the same level would invalidate the short bias analysis and the overall setup! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
17
EURCHF: looking for the next UPSIDE movement!Hi everyone and welcome to our profile, today we will be forecasting a potential further bullish movement of this interesting market. Let's start with a quick top down analysis: In HTF the market reached and double topped with its previous swing, which is the first clue of a potential market reverse. in LTF we can count several confluences in line with the overall bias, the market is moving inside a clear descending channel and it broke to the upside with a sharp bullish impulse, breaking the main structure and currently correcting with a high probability to see a further upside movement. sincerely, Cybernetics Trading Lab Team
Long
by Cybernetics_tl
12
GBPUSD: Correction on the TOP of the STRUCTURE!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Lower timeframe: As we previously forecasted, we were looking for a potential move to the upside, which it happened during the past couple of weeks. Most of USD pairs look like are going to move in the same direction, and for most of them the overall bias is similar. When, where and why would we step into the market? Currently, the price didn’t break the structure yet, but it’s correcting the previous move and more continuation is expected if the continuation is confirmed. A deeper consolidation is needed before entering any long position, and out setup could be ready by the next few sessions. Keeping an eye on this market is a must considering the interesting possibility! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Long
by Cybernetics_tl
17
USDCHF: Breakout Structure, looking for BEARISH Continuation Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: USDCHF gave us already an interesting short opportunity! As we previously forecasted a couple of weeks ago, we were expecting a downward move, which it performed with a clear impulsive and corrective structure. Obviously, rarely we could see big drop without structure formations and we strongly believe that another bearish impulse is possible, if the market will form bigger and deeper bearish structure. When, where and why would we step into the market? The overall momentum is quite bearish, and another impulse is expected. Before entering another position, we will be waiting for a clear structure and accordingly with our strategy, if all our conditions will be respected, we will step into the market. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
24
EURUSD: Breakout of the DESCENDING CHANNEL Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: The DXY looks like broke the structure to the downside, and potentially it could retest the level for an upcoming downward movement. Translated, there are nice possibilities to see a rising of price in most of the USD pairs, but lets have a look about EURUSD.
It reached an interesting area, and it has been moving inside a descending channel since months ago, bouncing on the bottom and breaking the structure to the upside. We previously forecasted bullish move in GBPUSD, and currently, considering the the performance of this market, we are quite confident to see further bullish price action. When, where and why would we step into the market? A reversal impulse, correction and breakout of structure, enough confluences to enter long if the market will perform LTF bullish price action. In case of reversal, back to the channel, it will temporary invalidate the setup and we will be waiting for the next market movement. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Long
by Cybernetics_tl
32
GBPUSD: Reversal structure for a LONG TRADE SETUPHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: GBPUSD and most USD pairs are still moving quite bearish, but the scenario could definitely reverse during the week or the upcoming few weeks. Specifically, GBPUSD reached in HTF an important swing low, double topping on it and forming a strong reversal impulse, buyers stepped in the market and started pushing the price up. However, in LTF although an interesting structure, probably a continuation of the impulsive phase, we don’t really see enough confluences to enter the market yet. When, where and why would we step into the market? If the price will break the structure to the upside, giving us enough room to enter long in terms of RR, we definitely can step into a buy position, obviously if the market will create our conditions. The overall higher tf bias and lower tf bias are starting to be in line, so keeping an eye on this market is a must! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Long
by Cybernetics_tl
26
GOLD: Breakout of Structure and bullish price action for a LONG!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the XAUUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: As previously forecasted, we were expecting an upside movement, which it happened during the closing session of Friday and proceeded on Monday with a potential formation of further bullish continuation, after the sharp breakout of the LTF channel. When, where and why would we step into the market? Gold, is definitely a very high volatility market, we could expected some extension to the downside, in order to complete the LTF correction after breakout. Currently, the market is performing following our bias and a deeper correction would be an interesting opportunity to enter long, targeting the top of the main structure or at least the previous swing high, start of the corrective move. Any trade position with a RR not greater than 3:1 will be avoid, however, if the market performance wouldn’t complete the structure, dropping sharply till the bottom of the main structure, the trade setup would be invalidated and no action will be taken on it. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
OANDA:XAUUSDLong
by Cybernetics_tl
16
EURAUD: Top of the main Structure, Looking for a REVERSAL!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURAUD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: After the strong bearish impulse happened about 9 months ago, the market has been consolidating in a big expanding structure, which is clearly visible connecting the two swings high and low in higher timeframe. Currently the price broke the resistance level at about 1.5400, still correcting above it, but with a nice possibility to see a market reverse. When, where and why would we step into the market? Usually, one of the most important aspect during a breakout of a level, resistance or swing, is the way it broke and the further price action above/below that specific level. Considering the overall bearish bias and enough lower timeframe confluences in line with bearish perspective, we would be happy to take a short position on the further correction forming right now! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
17
ETHUSD: Following the main TRENDHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the ETHUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: 
 In June 2022, the market performed a sharp bearish impulse, correcting and retesting the main level at the end of August, month where the market started a second impulsive phase to the downside. Potentially, ETH could reach the bottom of the structure and complete the bearish structure for more downside movement or a reversal. When, where and why would we step into the market? At the level 1900, the price double topped and reversed with a series of impulses and corrections. Currently, the price is moving inside a triangle formation, which is both bearish and bullish pattern depending on the next breakout. Considering the overall bearish market, we would enter short, targeting the bottom of the structure, obviously, entering right now in the middle of random movements is highly risky, better to be waiting for a complete breakout of the LTF structure or waiting for an extension of price till 1400/1480, looking for a great entry point. Always apply risk management, don’t over risk and be focused! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
COINBASE:ETHUSDShort
by Cybernetics_tl
20