BNBUSDT Daily S/R| Trading Range| Price Action| Trend Evening Traders,
Today’s analysis – BNBUSDT – trading at a clear resistance where a rejection is plausible,
Points to consider,
- Price Action corrective
- Daily S/R Resistance
- Int Daily S/R Support ‘
- Pull back objective
BNBUSDT’s immediate price action is trading at a resistance, that being a key Daily S/R level, this allows for a bullish bias.
The immediate objective is the Int-daily S/R, rotating towards the lows will continue the overall range.
Overall, in my opinion, BNBUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
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And remember,
“The mind is a fascinating instrument that can make or break you.”
― yvan Byeajee
Dailysr
DOTUSDT Monthly S/R| VAH| .786 Fib| Price Action Evening Traders,
Today’s analysis – DOTUSDT – trading towards a key resistance where a rejection is plausible,
Points to consider,
- Price Action Impulsive
- Monthly S/R Resistance
- .786 Fibonacci Confluence
- Daily S/R Objective
DOTUSDT’s immediate price action is trading towards a clear resistance point that has technical confluence with the .786 Fibonacci, VAH and a Monthly S/R, allowing for a bearish bias.
The immediate objective will be the Daily S/R support, exceeding this level will lead to a much deeper pull back.
Overall, in my opinion, DOTUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
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SNXUSDT Daily S/R| 200 MA|.618 Fibonacci|Price Action|Bull TrendEvening Traders,
Today’s analysis – SNXUSDT- trading above key levels with consecutive higher lows and higher highs,
Points to consider,
- Price Action Bullish
- Daily S/R Support
- Higher Low Entries
(.50 Fibonacci & Local S/R)
- Oscillators Bullish Control
- Declining Volume
SNXUSDT’s immediate price action is bullish, a higher low projection allows for bottom fishing entries.
Aggressive entries are considered at Daily S/R Zone where more conservative entries will be at Local S/R. Price Action has a high probability of respecting these trade locations.
Both oscillators are trading in bullish control zones, remaining in these regions is indicative of strength.
The immediate volume is declining which is indicative of an influx, especially when testing key trade locations.
Overall, in my opinion, SNXUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
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And remember.
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
GOLD Daily S/R| Swing High| .382 Fibonacci| Price ActionEvening Traders,
Today’s analysis – GOLD- trading above Daily S/R where a retest is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
(.382 Fibonacci Confluence)
- MA Golden Cross
- Oscillators Bullish Control
GOLD’s immediate price action is impulsive above Daily S/R, a retest will allow for a long entry.
The Daily S/R is in confluence with the .382 Fibonacci, a pullback is likely to finish with a wick formation.
Immediate averages are crossing (200 EMA&MA), this is a signal of a bullish cross being imminent.
Both oscillators are trading in their respective bullish control zones, remaining in these regions is indicative of strength in the market.
Overall, in my opinion, GOLD is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps,
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And remember,
“Don’t blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah’
USDJPY Daily S/R| Swing High| .618 Fibonacci| Price Action Evening Traders,
Today’s analysis – USDJPY- tested long liquidity with a bounce probable towards Daily S/R,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(Long Liquidity tapped)
- Daily S/R Resistance
(.618 Fibonacci Confluence)
- Climatic Volume
USDJPY’s immediate price action is impulsive above long liquidity and Local S/R, this allows for a bullish bias.
The Daily S/R is current objective which is also in confluence with the .618 Fibonacci, a rejection here is probable.
The RSI is trading in its bearish control zone, remaining in these levels is indicative of weakness.
The volume profile has a climatic node, indicative of a temporary bottom being set, follow through will be critical.
Overall, in my opinion, USDJPY is a valid long with defined risk, price action is to be used upon discretion/ management.
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“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
XLMUSDT Descending Channel| Volume Influx| 200 EMA| Price ActionEvening Traders,
Today’s analysis – XLMUSDT- trading in a defined descending channel that is likely to break bullish,
Points to consider,
- Price Action Impulsive
- Weekly S/R Support
(.618 Fibonacci & 200 MA)
- Daily S/R Objective
- Declining Volume
XLMUSDT’s immediate price action is trading in a bearish market structure until proven. This will only come to fruition on a bullish break.
The Weekly S/R is current support that is in confluence with the Weekly S/R and .618 Fibonacci. Price Action retracing here is likely to respect the level.
The Daily S/R is current objective, breaching this level will likely increase the probability of continuation.
Current volume profile has an influx after declining, this is indicative of momentum picking up in the immediate short term.
Overall, in my opinion, XLMUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
‘’No one strategy is correct all the time’’.- John Paulson
CADJPY Daily S/R| Swing Low| .382 Fibonacci| Price ActionEvening Traders,
Today’s analysis – CADJPY- closing below Daily S/R where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- .382 Fibonacci Support (POC Confluence)
- RSI Bullish Control
CADJPY’s immediate price action is impulsive under Daily S/R, being a strong level, a retrace and hold of the .382 Fibonacci is probable, this will allow for a long entry.
The .382 Fibonacci is in confluence with the POC, price action has an increase probability of respecting this level.
The RSI is currently holding its bullish control zone, maintaining in these regions is indicative of strength in the market.
Overall, in my opinion, CADJPY is a valid long after a retrace; price action is to be used upon discretion/ management.
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“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
CRVUSDT Double Bottom| 200 MA| Daily S/R| Price Action Evening Traders,
Today’s analysis – CRVUSDT- establishing a confirmed trend change from is local double bottom, further upside probable.
Points to consider,
- Price Action Bullish
- Daily S/R Support
- .50 Fibonacci/ 200 MA ( lower high region)
- RSI Bullish Control Zone
- Volume Influxes
CRVUSDT’s immediate price action is bullish above Daily S/R, establishing a new swing high; this allows us to have a bullish bias.
The Daily SR is immediate support, breaking this below will allow for a deeper pullback, establishing a potential trend higher low.
The .50 Fibonacci zone is a crucial level to maintain, the current 200 MA is coming in as dynamic support. Price action respecting these levels will maintain a bullish market structure.
The Volume profile is currently above average, indicative of a true trend change as bull volume follow through is present.
Overall, in my opinion, CRVUSDT is a valid long with define risk; price action is to be used upon discretion/ management.
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“Hope is bogus emotion that only costs you money.” – Jim Cramer
RSRUSDT Local S/R| Double Top| Swing High| Daily S/R Evening Traders,
Today’s Analysis – RSRUSDT- flipping key Local S/R with Fibonacci confluence, holding above is deemed bullish.
Points to consider,
- Price Action Impulse
- .382 Fibonacci Pull Back
- Double Top Resistance
- Oscillators Bullish
- Daily S/R Target
RSRUSDT’s immediate price action is impulsive with increasing volume above Local S/R. This allows us to have a bullish in the immediate short term.
The .382 Fibonacci is likely to be tested allowing for laddered long entries into Local S/R.
Price Action has a current double top, proving resistance as price deviates away. Breaking above this level will maintain bullish market structure.
Both oscillators are holding their respective bullish control zones, breaking below will signify weakness preluding to a deeper pull back.
Overall, in my opinion, RSRUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
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And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
MATICUSDT Falling Wedge| Daily S/R| .382 Fibonacci| Local S/REvening Traders,
Today’s Analysis – MATICUSDT- trading in a falling wedge pattern where a break bullish is probable.
Points to consider,
- Price Action Apex
- Local S/R Resistance (.382 Fibonacci Confluence)
- Daily S/R Support
- Oscillators Neutral
- Low Volume
MATICUSDT’s immediate price action is trading in an apex, a break will be imminent. The formation is a bullish pattern, this allows us to have a bullish bias.
Local S/R is current target, this area is in confluence with the .382 Fibonacci, price action has a probability of rejecting here.
Crucial support is Daily S/R, breaking below this level will negate our bullish bias as the falling wedge will no longer be in play.
Both Oscillators are currently neutral whilst volume is evidently low, an influx is highly probable when the breakout occurs.
Overall, in my opinion, MATICUSDT is a valid long with defined risk, price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
“You’re going to learn a million things, then you need to forget them all and focus on one.” -SunriseTrader
USDCHF Dynamic Support| Daily S/R| 200 MA| Price Action Evening Traders,
Today’s analysis – USDCHF- currently trading back within its apex where a break will be imminent,
Points to consider,
- Price Action Higher Lows
- Daily S/R Resistance
- 200 MA Support
- Oscillators Divergence
- Price Apex
USDCHF’s immediate price action is establishing higher lows and higher highs. This allows us to have a bullish bias on the market.
The current dynamic support in confluence with the 200 MA has been respected. Price will remain bullish as long as the higher lows are maintained.
The Daily S/R is a key level that needs to be breached for valid longs, price consolidating underneath will be considered bullish as buyers are willing to push at higher prices.
Both oscillators have a valid bullish divergence which is likely to have played out with the recent impulse.
Overall, in my opinion, a long trade it valid when Daily S/R is breached, risk is to be defined. Price action is to be used upon discretion/ management of trade.
Hope this analysis helps
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And remember,
There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.
-Jack Schwager
NZDUSD Rising Channel|Daily Resistance|.50 Fib|Channel Support Evening Traders,
Today’s Analysis – NZDUSD – trading in a rising channel testing its median, a test of daily S/R is probable.
Points to consider,
- Price Action Channel
- Channel Support Confluence (.50 Fibonacci & 200 EMA)
- Daily S/R Resistance
- Oscillators Diverging
- Low Volume
NZDUSD’s immediate price action is trading in a clear rising channel converging with upper daily S/R. This is a key structural resistance that will allow us to have a bearish bias on an initial rejection.
Channel support is in confluence with the .50 Fibonacci and 200 EMA, high probability of the next trade location.
The RSI has a valid bullish divergence that is likely to play out into daily S/R, validation will be upon an influx in volume towards the upside.
Overall, in my opinion, NZDUSD is a valid short with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“Those traders who have confidence in their own trades, who trust themselves to do what needs to be done without hesitation, are the ones who become successful. They no longer fear the erratic behavior of the market. They learn to focus on the information that helps them spot opportunities to make a profit, rather than focusing on the information that reinforces their fears.” Mark Douglas
USDJPY Descending Channel| Daily S/R/|Low Volume|RSI EquilibirumRepost**
Evening Traders,
Today’s analysis – USDJPY – Prices action is projecting down in a descending channel , until broken, price is likely to continue trading within two boundaries.
Points to consider,
- Trend bearish (consecutive lower highs)
- Daily S/R breached (Resistance)
- Oscillators equilibrium
- Low Volume
We can conclude that the immediate trend for USDJPY is bearish due to consecutive lower highs. This will be proven otherwise upon a bullish break of the channel.
The immediate structural resistance is the Daily S/R, any rallies into it is considered a bearish retest until proven.
Both oscillators are trading in an equilibrium, this is indicative of volatility drying up before an impulse move.
Volume is clearly below average, expected in consolidations, an influx will directly correspond with price movement.
Overall, in my opinion, USDJPY is trading in a descending triangle thus path of least resistance is bearish . Therefore short positions are valid with risk being defined. Price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
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“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee
NZDUSD Daily S/R| Technical Divergence| 200 DMA| Bearish PA Evening Traders,
Secondary analysis – NZDUSD – respecting daily S/R with a range deviation, price is likely to test lower levels.
Points to consider,
- Bearish price action
- Daily S/R resistance
- 200 DMA support
- RSI bearish divergence
NZDUSD is likely to respect range high due to its recent bearish price action. Breaking impulsively back into range indicates weakness in the market.
The Daily S/R is considered a bearish retest level, rallies or to be shorted until proven otherwise.
The 200 DMA is in confluence with the lower daily S/R, price is likely to come for a test of this level, (range low).
RSI has a valid bearish divergence, this shows further weakness in the market as price continues to rise in a bearish manner.
Hope this analysis helps!
Thank you for following my work!
And remember,
“You’re going to learn a million things, then you need to forget them all and focus on one.” – SunriseTrader