Dailychart
Daily chart show a bought signal on Ethereum!!!Ethereum in Daily show us a good signal to buy Ethereum approximately between $380-$383.
As we see in Daily, Ethereum is into this bearish channel, but the expectative show that Ethereum in Daily using the price action is prepare for the next massive bullish movement!!! We see a bullish hammer, that mean that investor bought Ethereum!!! We could see that Ethereum is prepare it.
Now, in weekly timeframe we see that Ethereum is formed a next bullish movement. In weekly is bullish and we hope that Ethereum go up!!!
So, I following the Daily chart and I have my position at $380 USD as my buyr oder limit with a SL at $367 USD and my target profit will be $418 USD.
So, Ethereum show a good trade between this and the next week.
Fundamental and Analysis: Euro sinks for covid-19 cases!!! AlertIn the H1 timeframe. Euro see bearish pressure right now, so, the price is broke down the bullish channel and we hope a drop of 1.02%, that is 120 pips of profit!!!
Lookin in Daily, the expectative is so bearish.
And in H4 timeframe, I want to share you any thing. We see a bullish BAT, we see in this formation of this harmonic pattern, it's a great oppotunity of indication to continue sell Euro!!!
Now, I want to share my fundamental key to take in noticed what happened in the European Union this week:
1. Euro is under pressure on lockdown fears ahead of macron address.
2. Euro fell against the dollar today as following a media report that France's government was leaning toward retristions a national lockdown to curb a resurgence in coronavirus cases.
3. France considers national lockdown about the announcing a new one-month more national lockdown to combat exploding numbers of covid-19 ases .
4. Euro to U.S. Dollar falls as France and Germany at further lockdown. Eurozone sinks as economic outlookds dims and suffere that Eurozone's two largest economies are considering new covid-19 restrictions.
So, in my opinion, investor are selling Euro, becuase we see a bad point that France and Germany has covid-19 explode record and their governments need to put any restrictions and rules to take control in the Europe nations. That has a warn on the Euro!!!
Goodl uck on this short position!!!
Next Week Forecast for USDSGD on Daily time frame
The pair (US Dollar / Singapore Dollar) is somehow taking a rest (range bound)
It is highly likely that the uptrend starts soon.
And nothing can come in the way of the price until it reaches the target.
Tell me what you think of this chart. Thank you!
Possible Bearish Scenario...Good morning Traders! Support my Analysis with a Like if you agree...
A Double Top Formation is being formed on the Daily time-frame. Price recently failed to close above Pivots, which followed up with a failure at the 50 Moving Average.(Blue On Chart) A local level of support has been identified @135.88. A break of that level could indicate a meltdown towards the 133 price zones. This is a Bearish sentiment following my Bullish Sentiment I predicted earlier this week. Refer to related ideas.
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GBPDKK on the break of a weekly trendline 🦐GBPDKK on the daily chart is testing the weekly descending trendline.
The price can approach soon a daily resistance around 8.300.
IF the market will break and close above the structure we will set a nice long order according to Plancton's strategy.
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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.
USDJPY squeezing bulls#USDJPY:
(1D):
The analysis here is pretty much unchanged, with price being in a overall downtrend with 200 EMA confirmation and a descending triangle still in place. For these reasons, my bias is still bearish
(4H):
Last week we saw the price breaking the nice rising wedge formation, leading us to open a short position. Unfortunately, we saw much consolidation, closing our position at breakeven.
(1H):
If we look for another entry point, we can notice that we are in front of a squeezed price action, with the price hardly trying to break the daily trendline (black) withouth results. A break to the downside is what we are waiting for.
Special Analysis: Bitcoin could be to retest again the $11,200?In this analysis, I updated the Weekly and Daily zones!!!
Looking in Daily timeframe, we are clearly so bullish.
Now, looking in Daily timeframe, the latest candlestick that was closed it's an bullish of market indecision and then, the trend on Bitcoin could be to experiment any pause before to continue toward the $12,000 USD, that is my exact key level!!! So, in minutes, I wil going to make an updated!!!
BNBUSDT Elliot wave analysis 1D time frameDaily time frame makes me think we are still in the formation of the B wave or maybe began with the formation of c in the ABC corrective pattern . It's bullish on the daily time frame as a whole as soon as we find a new bottom. Cannot guarantee a bottom now.
Eur/Usd: Daily Chart - Oct. 7th-9thEur/Usd in short-term uptrend (retracement/liquidation). After contending weekly support @ 1.1700 buyers momentum pushed the market back into our daily range (1.1700-1.2000). Buyers now coming in @ 1.17500-1.17650 (previous weekly/daily support) Bearish signals above 1.18500 (61.8% of initial bearish impulse down) will signal swing trades into 1.1500-1.14500. Strong daily closure above 1.1800 will allow price to retest the upper range of our consolidation @ 1.190-1.200
Daily Support @1.17500
Daily Resistance @ 1.1800
GOLD is about to breakout.....Hi Traders,
Gold was in a monstrous uptrend since covid - 19 outbreak. Now price has retraced and tested a key support level (yellow). A break above the trendline can result in price testing the highs(Red) again. In case of a downward break price could test the next immediate support level(Green).
For queries pls comment below....
Happy Trading...
Major Trendline Break expected in USD CADHi Traders,
It seems USD CAD found some critical resistance and is now testing the trendline in the daily timeframe. A break of this trendline can result in price testing the immediate support at the marked zone (Green). This move can result in some good short positions in the lower timeframes. So we suggest adding this pair to your watchlist.
For queries pls comment below...
Happy trading.....
GJ is Retracing!... #DailyAnalysisI analyzed GBPJPY from the Daily Time-frame. I noticed a pattern was being formed, which indicated Bearish longer term movements. I predict that before those movements occur, price will pullback into my marked gravitation zone. Which isn't far from the key 61% Fibonacci Level. Price is also currently testing a Daily Pivot Point Level. With two failed attempts already, another attempt may just give in to upward movements. If prediction goes as planned, I will wait for movements towards the 61% & 78% Fibonacci. If price doesn't close above the 78% Fibonacci, the buyers may be gassed out. I will then look for a short opportunity when it presents itself.
Thank you for reading. I'm going to keep dropping Analysis gems every week.
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