Watching for 22K areaMorning folks,
We're keep going with our H&S pattern. Since market was not able to form upside butterfly pattern, our H&S turns to 1.27 ratio instead of common 1.618. Now we're watching price action back to the neckline around 22K.
There are few moments to watch. Price now stands at strong resistance area around 23.5K area. Normally it is enough to keep bearish market moving down. If, somehow, BTC will keep upside action, H&S might not be formed. And we could get upside 3-Drive "Sell" instead with 26.3K top.
Second is, we have few trading setups. Now intraday traders could consider short entry with 22K target. Once neckline will be reached - another chance for scalp long entry could be formed. If you trade on higher time frames - it is nothing to do by far. Wait when H&S shape will be completed and consider top of right arm or 3-Drive "Sell" pattern for short entry.
Daily Charts
SOL/USDT 4HInterval Resistance and SupportHello everyone, let's look at the SOL to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $22.52, if the support is broken then the next support is $21.27 and $19.67.
Now let's move on to the resistance line, as you can see the first resistance is $23.57, if you manage to break it, the next resistance will be $24.25, $24.93 and $25.88.
Looking at the CHOP indicator, we see that the energy is slowly starting to rise, the MACD indicates entering a local uptrend, while the RSI shows a quick return to the middle of the range.
EURAUD I Weekly Forecast & How to Trade ItWelcome back! Let me know your thoughts in the comments!
**EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Result of Previous Idea | 140pips GBPUSD | What's Next?Welcome back traders. Here's the result of our previous idea. It was published on February 21 and target reached on February 24.. some 140pips..
Explaining the trade generally:
•Open your chart on GBPUSD Daily frame and mark the exact FVG I marked above and in previous idea..
•Look at the bodies of candles after reaching the FVG.. Ignore the tails of candles that tried to trick traders in longs.
•Open H1 chart and mark the first FVG you see after reaching Daily FVG..(22Feb, 03:00)
•What time is London Open Killzone?
•Do you see how many FVGs we got on H1 and lower time frames(15m,5m,3m,1m)?
•See the opportunities that price offered in active market times (Killzones)..
Want more? Show your Likes👍
Something not clear? Tell me in comments ✍️
easyMarkets EURCHF Daily - Quick Technical OverviewWaiting for EURCHF to make a breakout, before considering the next short-term directional move.
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Still watching for reversalMorning folks,
As we've said previously - we're sceptic on current upside rally and still watching for reversal. Since BTC is still coiling around the top, we see rising bearish pressure, based on price shape performance. Our previous trading plan is still valid, as BTC still keeps theoretical chances to form upside butterfly. But, in fact, we don't care what reversal shape will be.
We intend to use either this butterfly for short position taking or larger H&S pattern. Our nearest downside target stands around 20K. If reversal starts from 26.20-26.40 - all the better.
easyMarkets AUDUSD Daily - Quick Technical OverviewAUDUSD seems to be forming a possible falling wedge pattern, which, according to all the TA rules, tends to break to the upside. However, a confirmation break through the upper side of it is still needed, in order to get comfortable with a move towards higher areas. Until then, if the pair stays inside the pattern, it may continue sliding.
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
easyMarkets WTI Oil Daily - Quick Technical OverviewWTI Oil continues to move sideways. We need a clear breakout through one of our levels in order to consider the next short-term directional move.
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPJPY I It will retest previous structure broken and riseWelcome back! Let me know your thoughts in the comments!
**GBPJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
easyMarkets Gold Daily - Quick Technical OverviewTaking a conservative approach and waiting for a clear breakout either through the 1845 barrier, or the 1825 hurdle to consider the next short-term directional move.
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
easyMarkets S&P500 Daily - Quick Technical OverviewThe S&P 500 is near a medium-term upside support line, drawn from the low of October 13th, 2022. Also, we can see that the psychological 4000 zone is something to be carefully monitored. If that whole territory gets violated, further declines are possible.
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
easyMarkets GBPCAD Daily - Quick Technical OverviewWaiting for GBPCAD to go for a breakout. Canadian CPIs and Retail Sales are the ones to watch for today, as the data may bring much needed volatility for the pair to make a stronger move.
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
easyMarkets ASX 200 (Australia) Daily - Quick Technical OverviewIn the short-run, ASX 200 may continue drifting lower, while trading within a falling wedge pattern. Although this pattern tends to be a bullish indication, as long as the boundaries of that barrier are respected, the slide may continue. But, don't forget that...
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPCHF a short opportunity 🦐The GBPCHF currency pair is currently in a bearish trend on the daily chart, as indicated by the formation of descending highs and equal lows. This price action suggests that there is strong downward momentum and that the bears are in control of the market.
Price has been consistently trading below a key support area at 1.11000, which is a critical level for this pair. If the price breaks below this level, it could signal a further decline and open the door for a sell opportunity for traders looking to capitalize on the bearish continuation.
In technical analysis, a break below a support area is often seen as a bearish signal, as it indicates that the bears are taking over and pushing the price down. This can also result in a shift in market sentiment, with traders becoming more bearish and potentially leading to further selling pressure.
However, it's important to keep in mind that technical analysis is just one tool in the arsenal of a trader and it should always be used in conjunction with other forms of analysis, such as fundamental analysis and risk management. Additionally, it's also important to consider the potential for false breakouts, so traders should use stop losses and have a clear exit strategy in place.
We will wait for a clear break and move on the 4h chart to check the opportunity of a short order according to the Plancton's strategy rules.
SasanSeifi💁♂️ APEUSDT / daily HI TRADERS ✌ By examining #APE in the daily time frame, as you can see,according to the positive reaction
From the range of BULLISH BB, the price was able to grow.. It is currently trading in the range of $5.88. In case of breaking the dynamic resistance and stabilizing the price above the range of $6.
We can expect the price to grow to the $6.50/$7 range.
❎ (DYOR)...⚠️⚜️
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌️
IF you like my analysis please LIKE and comment✌️
Potential downside reversal 26-26.4KMorning folks,
Last time we've discussed big 4H H&S pattern, with potential Head top around 26K. This week is supposed to be tough - Biden speech, Putin speech, PCE, Fed Minutes, multiple PMI's etc etc. Our fundamental analysis tells to not believe in "easing of regulation". In reality, regulation is becoming tougher, as world is coming to introducing of CBDC. Now not only crypto companies start getting business problems but related banks, persons, funds involved in this business.
Second is - we have clear signals that Institutional investors are leaving stock market gradually and replaced by households with 1.5Bln/week pace approximately. Fed will not stop tightening, and we treat current upside action as temporal, until slogan "Fed will ease" is working.
For now, we consider downside reversal in 26-26.4K area with downside target around 20K. This 1H butterfly could become the one that will trigger it.
easyMarkets Bitcoin Cash Daily - Quick Technical OverviewThe technical picture of BCHUSD on our daily chart shows that there is potential for the crypto to go for a higher high after coming closer to the 143 territory, near the current highest point of February. BCHUSD is already near a key resistance barrier of 140. If the pair surpasses it, we may get a bit more comfortable with further advances.
In order to consider the downside scenario, a drop below the 120 territory would be needed. However, we might still class that move down as a temporary correction, as long as the crypto remains above the short-term tentative upside support line taken from the low of November 10th, 2022.
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
easyMarkets Silver Daily - Quick Technical OverviewOn February 15th we mentioned there might be a possible falling wedge pattern forming, meaning that we could see some short-term advances. Indeed, the commodity broke out higher, however, in order to continue with the upside, a push above the 21.82 barrier would be needed. But even then we would only aim for the 200-day EMA, or even the 100-day EMA.
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
easyMarkets DXY Daily - Quick Technical OverviewSeeing a small retracement back down on DXY, after some bullish performance last week. If the index continues to trade above that short-term tentative upside support line, drawn from the low of February 2nd. More buyers may join on a break above the current highest point of February, at around 104.61.
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
CS Group - CSGN• Slightly upside corridor since beginning December 2022 (daily chart on the left side)
• The stock is currently trading at the bottom of the corridor (left side chart)
• Low volume in the last days (left side chart)
• Break out of the decreasing trend line in the last weeks (weekly chart on the right side)
• Supportline at 2.654 (right side chart)
• MACD line crossed the MACD Signal upward, which supports the outbreak of the decreasing trendline (right side chart)
• Stay neutral and wait if the support will hold