DXY WAITING FOR NEXT CANDLE CLOSECurrently waiting for the close of the next Dxy candle close to determine future price direction
Daily Charts
Only for the fansMorning folks,
So, CPI report stands in a row with our long-term BTC view, matching good to the 12K and 9K targets that sooner or later but will be completed. Currently overall sentiment stands negative as chances for 1% Fed move now jumped up to 38%. Besides, our Dollar Index Analysis suggests action to 113 area, which brings nothing good to the bulls here as well.
Thus, any pullback we consider as short-term, and upside target is limited as well. In fact we're sceptic on taking the long position here, although theoretical setup exists. For the bears it is also nothing to do yet as they have to wait either for upside bounce to sell the rally or to downside breakout of 19.9K support area, which opens the road to the lows.
For the bulls... only for the fans... Theoretically you could try to follow current setup. We have hint on H&S here, chances on success are phantom. The only relief is that risk is very small. Take a look right at the bottom we have minor H&S pattern. So, it is not needed to place stop too far and is enough to hide it just under the lows. If minor H&S fails - the whole bullish setup will fail as well.
GBPNZD a long opportunity 🦐GBPNZD on the 4h chart perfectly tested twice the weekly support.
The market broke the descending trendline and is now trading below a 4h resistance.
How can i approach this scenario?
IF the price will break and retest the structure i will check a potential long order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
20-21K for short term long positionMorning folks,
Based on recession fears and some decrease of crude oil prices, as well as anticipation of lower CPI numbers tomorrow, market falls in euphoria, suggesting deeper upside bounce. We do not see any positive change in fundamental picture and treat this action as temporal.
Still, in short-term, market has formed bullish reversal swing, and potentially could form the H&S that we've talked last week. Thus, 20-21K area seems interesting for possible long position taking. Also this area is vital for the bullish scenario. Since upside action looks thrusty, we do not consider new shorts by far, waiting how this bullish performance will be finished.
ANALYSIS NQmarket analysis NQ daily analysis to know the market trend of NQ
in the future analyzes will be uploaded "scalp trading" in the financial markets
NASDAQ DAILY -SELLERS IN CONTROLHow to know the uptrend changed - where do the sellers take control? How do you read the chart and see the sellers push buyers into the trap. Nice example of where the buyers that looked for continuation of the uptrend missed the story the chart was telling. Good less that trendlines are only PART of the picture. So where are we going from here? I see some short term targets below to look for in the coming week. Note these are areas of PA interest, not trade calls or callouts to short the NQ market! Educational purposes only here. Trade your own account as you see fit and happy trading!
ALGO/USDT Analyst Daily 😮Hello to the respected members of Trading View🥱
ALGO daily time frame cryptocurrency analysis (logarithmic chart)
In the daily time frame, we see the candle closing above the red trend line, and the price has also reacted to its static support area of $0.31.
If the price stabilizes above the support area of $0.31, it will have the ability to realize the targets of $0.345, $0.36 and the resistance area of $0.38 (mid-term).
Otherwise, with the loss of the static support area of $0.31, we expect the price to hit the red trend line and also react to the green area of $0.27 daily.
Arztoday Team 🌹
GBPJPY Break & Retest Swing~Break and Retest of Daily Flag Pattern.
~4h Engulfing at 23.6% Fib level
~Weekly Engulfing
~Expecting major bullish swing continuation
~Looking for price to push to next Major S&R zone at -23.6 Fib level (167.300).
SPY multi time frame analysis - longer termThe SPY is in a downtrend but has been showing some bullish signals. It's a mixed bag. How do I see it? Well, check out the video. Let me know how you see the market.
EURJPY time to retrace 🦐EURJPY after the strong bullish impulse took a break,
The price show us some red candle and some more retracement can be seen.
How can I approach this scenario?
I will wait for a break below the support area and in that case I will be looking for a nice short order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPCAD on a double bottom retracement 🦐GBPCAD after. a long downtrend seems to find a short term bottom.
The price tested twice the support and is now trading below a confluence between a descending trendline and a minor resistance.
How can i approach this scenario?
I will wait for a potential break of the resistance area and in that case i will be looking for a nice long order according to the Plancton's strategy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
eur usd Din Daily time Fram I think wave 3 is finish correct now will go to wave 4 and also in wolf wave at the same time is give me price action to inter buy
Selling the euphoriaMorning guys,
So, BTC even over-completed our COP target, diving a bit deeper, to 1.618 butterfly extension. Stocks market now stands in short-term euphoria, concerning oil prices drop and US yields easing. So, why we shouldn't use it?
As we've suggested, we could wait for upside bounce to 19.8K resistance at least, or , if we get lucky, to 20.40-20.50K resistance area. Daily bearish context still stands intact...
GME Earnings run up^^^Daily Triangle Play here. If close above 32.11 I'd look long. If break 30.38 or even daily close below 30.65 I'm looking short. The play will likely develop prior to earnings 7Sep22. Will trim most of the position before end of day 7th. May leave some runners for after earnings only if I'm green on the play.
This could run hard either direction. I'll set stops at the apposing number from listed above. If it gaps out of the listed range I'm likely OUT.
EURUSD KiSS Strategy LONG from Support!Welcome back! Let me know your thoughts in the comments!
**EURUSD - 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!
Brian & Kenya Horton, BK Forex Academy
EURAUD looking up 🦐This pair after the break of the descending channel is trading below a daily resistance.
The market after a series of lower low and lower high create a higher low.
How can i approach this scenario?
I will wait for a potential break of the resistance area and in that case i will look for a nice long order according to the Plancton's strategy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
EURUSD DAILY Chart - Price ActionTrends and ranges analysis continued - now we have charts on FX, Stock $BABA, and Crypto BTC. All the notes are on the chart. So far the chart says DON T pick the bottom just yet!
Happy trading! -- DocH
XAUUSD looking for the 1680? 🦐GOLD after my previous analysis reached the support area as expected.
The market is looking for a possible break of the structure and a potential retest of the strong support level at the 1680 zone.
How can i approach this scenario?
I will wait for a potential break of the area and in that case i will look for a nice short order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
19.2K bounce and 17.5K targetMorning folks,
Overall action stands relatively quiet,so we have minimal changes since Mon. Overall context remains bearish. Maybe poor NFP numbers only could trigger more or less moderate bounce.
Here we have two targets. First one is 19.2K which could be finalized by minor butterfly with tactical upside response on intraday charts. This is the object for scalp traders, who wants to take long position.
At the same time, bears could try to sell possible rally, aiming on the next 17.5K target.
BTC now has no support at all - major levels have been broken, market is not at oversold. Only previous 20K top works like natural support line and holds the price by far. But it can't last forever.
what if we distribute further in major indices?spx is in a correction wave of a terminal thrust distributively, and if we sink we distribute further. the .382, tram, and sss ma are levels of resistance and .618 and lower anchored vwap band are levels of support, .5 and nearby levels are pivot, but we may trend much lower in major indices. there are still bullish scenarios marked out and fib retrace levels are a guide as well as sss signal and qqe entries.
Daily BTC to USDT review on 4H intervalHello everyone, let's take a look at the BTC to USDT chart in 4 hours. As you can see, the price is moving above the local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,710, if the support collapses, the next support is $ 19,432, $ 19,159.
Now let's move from the resistance line, because the first resistance is $ 19,854, if you can break it, the next resistance will be $ 2,0005, $ 20,308 and $ 20,261.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 4H range, and the MACD indicator shows the local upward trend.
