GBP/CHF: More Downward Movement?Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the GBP/CHF , 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.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Daily timeframe:
4 hours timeframe:
1 hour timeframe:
The market is still trending to the downside, currently on a corrective move, it has just reached its previous key level (support turned now into a resistance level), just around the 0.50/0.61% of Fibonacci retracement, usually an area where the price start consolidating before a follow market movement.
The market is losing momentum as well, considering that it is not moving with the same strength anymore!
Currently still inside an ascending channel, the most trading activity is now on the lower part of the channel, another possible clue that the intraday bullish impulse is close to the end.
When, where and why would I step into the market?
Before planning my short trade on this market I will be waiting for the price to leave the ascending channel, showing a proper reverse price action with a RRR of 1:2 or greater.
The SL would be above the channel and the local resistance zone, instead the first TP on the demand area (and eventually I will leave the position open in the scenario of breakout to the downside.)
A breakout to the upside, above the resistance level would probably invalidate this trade idea!
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
Digital
ETH/USD: The Corrective Move reacher an Interesting Level!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the ETH/USD , 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.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Daily timeframe:
4 hours timeframe:
The market is currently in a corrective move and reached an interesting key level just around the 0.50/0.61% of Fibonacci retracement.
The corrective move formed a clear descending channel with a trading activity balanced between the higher and lower value of the channel, usually a sign the trend is not really strong.
A future price action on the higher value would give us a good possibility or trend change to the upside.
When, where and why would I step into the market?
Before entering the market, I would be sure that the price will completely leave the current descending channel, changing its perspective from bearish to bullish.
At the moment I will not take any action on this market but I will definitely keep an eye on it.
However, the market could still continue its movement to the downside for a while, keeping the price inside the channel. This scenario would invalidate this trade idea.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
XAU/USD: Correction Wave with an intraday Bullish Perspective!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the XAU/USD , 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.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Daily timeframe:
4 hours timeframe:
1 hour timeframe:
Market currently in a correction wave after a strong bullish impulse.
In lower timeframe the market is clearly following an interesting ascending channel and it’s just got a strong responsive movement once the price reached an area with a solid demand.
Considering a good trading activity mostly on the higher value of the channel, the intraday uptrend seems to be still healthy and I would be confident to see more continuation until a clear sign of trend reverse.
When, where and why would I step into the market?
The price quickly retraced back inside the channel and almost reached the middle line.
Before planning my long position I will be waiting for a new retest on the lower value of the channel (better with another strong responsive movement from the demand zone) and a good entry point with a RRR of 1:2 or greater on the lower value area.
My SL would be just below the lower value area and the first TP on the middle line of the channel.
A breakout to the downside of the demand zone will invalidate this trade and no action will be taken on this market.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
USD/CHF: New Upcoming Bullish Impulse!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the USD/CHF , 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.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Daily timeframe:
4 hours timeframe:
30 minutes timeframe:
The market is still moving in a correction wave and has been following a descending channel since a while.
It’s currently approached again on a strong major key level and as you can see on the chart, the most trading activity is on the higher part of this channel, usually a sign of weakness and a sign that possibly the channel could finish soon!
When, where and why would I step into the market?
In higher timeframe, there are few rejections on the current level, and the price will may get another bounce on its dynamic trendline (see daily and 4h charts).
Before entering long in this trade I will be waiting for the price leaving the channel and switching the intraday perspective from bearish to bullish with a RRR of 1:2 or greater.
My SL would be below the support level and the TP on the upper trendline on the 4h chart.
Any breakout to the downside will invalidate this trade idea and no action will be taken on this market!
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
EUR/NZD: Exhausted impulse? keep an eye on this Short idea! Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the EUR/NZD , 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.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
Recently, the market got a really strong bullish impulse from the lower to the higher part of this huge daily descending channel and was recently showing signs of weakness.
It currently broke the pattern and is retesting it, with a good possibility of a movement to the downside, considering an overall downtrend in higher timeframes.
When, where and why would I step into the market?
Before entering the market in the current area of breakout, I will be looking for a good entry point in a lower timeframe (1h or 30min), as you can see on the chart, the responsive movement trying to push the price back inside the pattern is quite weak, clue that possibly buyers are not interested in that level anymore.
My stop loss would be just above the last swing high and the take profit around the demand zone.
I will be trailing my stop loss on every new confirmed swing.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
EUR/USD: Is that a shift of trend? Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the EUR/USD , 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.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Daily timeframe:
4 hours timeframe:
Since a while, the market has been following a long descending channel and at the beginning of December is started consolidating just around a strong support level that previously rejected the price to the upside.
During its movement to the downside, as you can see on the chart, the market performed most trading activity on the higher part of the value, usually a sign that the downtrend is not that strong anymore and it will probably change its trend soon.
However, many rejections inside the consolidation value are a sign that buyers are stepping into the market.
When, where and why would I step into the market?
Considering that the market seems is losing strength to continue its downtrend, there is a good a possibility of trend change.
However, according with my strategy, I wouldn’t take any action from the middle of the channel.
I will be patiently wait for a confirmation of change direction before eventually plan my long position on this trade!
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
ETH/USD: Starting a new channel! Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the ETH/USD , 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.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Monthly timeframe:
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
The market left the previous channel and it seems it’s starting moving inside a new ascending channel.
The chart is clearly showing the main trading activity on the higher value of the channel, typical during an uptrend, so there are good probabilities to see a trend continuation to the upside.
When, where and why would I step into the market?
Before entering with a long position on this trade, I would patiently wait the price going back to the lower value of the channel, getting a confirmation as a rejection on the dynamic trendline.
A strong rejection, would be a clue of good demand on that level, and I will be looking then for a good entry point with a RRR of 1:2 or greater.
My SL would be just below the potential low on the bottom of the channel and I will manually deal with my TP with a target just around the higher line of the channel.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
AUD/USD: More trend continuation? Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the AUD/USD , 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.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Monthly timeframe:
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
After a strong responsive movement to the upside, the market started following an uptrend inside an ascending channel, getting and increasing demand before pushing twice the price up with a really important movement.
The price is currently retesting the higher value of the channel without showing so much interest in that level.
However I would expect some correction before a possibility of a trend continuation.
When, where and why would I step into the market?
Considering the overall uptrend in the intraday timeframe, before entering into the market with a long position, I will be waiting for the price to retrace until the lower value of the channel, waiting for a rejection on the key level and a good entry point with a RRR of 1:2. As well, some consolidation on the support level would be important to have more demand and more possibility to see the price going up again.
My SL would be just below the lower line of the channel and the support zone and the first TP around the middle level on the ascending channel.
A weak responsive movement on the support level, would probably invalidate this trade.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
XAU/USD: Are buyers stepping into the market?Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the XAU/USD , 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.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Monthly timeframe:
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
The market is currently following an ascending channel and after the first attempt to break it to the downside, the price got a strong responsive movement just on the demand zone, pushing the price up, back, inside the channel.
On the higher value there are still sellers ready to step into the market (just have a look how aggressively they rejected the price!).
At the moment, the view is still bullish, just approaching on the previous resistance level.
When, where and why would I step into the market?
Before entering in this market, I would like to see some action on the higher part of this dynamic fair value area, that would be a sign that sellers are losing interest on that level.
Only after that I will be looking for a long entry point on the resting of the channel with a RRR of 1:2 or greater.
My SL would be below a possible channel rejection and the first TP around the middle line of this channel.
A strong rejection from the higher value to the lower value will probably invalidate this trade idea.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
NZD/USD: Long opportunity on this change of perspectiveHello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the asset , 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.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Monthly timeframe:
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
The price’s almost reached the high value line of the channel and it will retest it soon.
Considering a rejection from a strong demand zone and the most trading activity on the higher part of the previous channel, there is a possibility of a trend change from downtrend to neutral and then, eventually, a movement to the upside.
When, where and why would I step into the market?
Before entering long in this market, I will be waiting for the price to break the previous downtrend channel, consolidating for a while on the bottom of the new channel (I’m looking for a consolidation to have more sign of demand), then I’ll be looking for a good entry point with a RRR of 1:2 or greater.
My SL would be on the bottom of the new channel and the first TP on the middle line of the uptrend channel.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
CAD/CHF: more Bearish continuationHello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the asset , 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.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Monthly timeframe:
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
The market is currently following a descending channel and as you can see on the chart, at the beginning of this channel, the most trading activity was on the higher part, clue that the buyers were still trying to push the price up.
Recently the view is changed, in fact sellers now seem to be very aggressive, just look how quickly they reject the price!
When, where and why would I step into the market?
Considering the recent trading activity on the lower part of this dynamic value area, I will be only looking for sell positions.
I will patiently wait a price retracement back to the higher value of the channel and only in that moment (if it will happen), I will be looking for a bearish price action and a good entry point with a RRR of 1:2 or greater.
My SL would be above the channel and my first TP around the middle line.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
EUR/USD: Interesting bearish responsive movement !Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the asset , 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.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Monthly timeframe:
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
The market has been moving in a range for a while, after a really strong daily movement to the downside.
The price is currently reaching an interesting demand zone that rejected it few times during the last days.
It’s hard to say if the market will be able to break this area, considering that is a monthly key level.
When, where and why would I step into the market?
Right now, I’m not planning any trade on this market, there is so much equilibrium and strong response form both the side.
However, considering this market still in downtrend, I will keep a bearish perspective.
The demand zone will definitely push back the price inside the fair value area, so the next price action will give us more clues about the next movement!
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
ETH/USD: Bears vs Bulls, who is winning?Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the ETH/USD , 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.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Monthly timeframe:
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
The market has been following a descending channel for a while, it is inside a dynamic fair value area where the sellers are still slightly more in control compared with the buyers.
Volumes increased every time the price attempted to reach the support level, that’s a sign that on the support level, buyers are ready to step into the market (a huge shadow on the first rejection and a big green candle that engulfed the previous few candles are clue of strong demand).
The price is currently retesting a daily key level with a possibility to see a new movement to the downside before consolidating and eventually start changing the trend.
When, where and why would I step into the market?
Considering that the most trading activity happened to the low value of the channel, the downtrend could be considered still healthy, until I will see the price making a higher low!
With a good rejection on the current resistance level, I would definitely speculate on this market with a short position with a RRR of 1:2 or greater.
My stop loss would be above the last higher high and my target profit on the support level, just close to the middle line of the channel.
Low volumes on the current level, small candles rejection and poor RRR would invalidate my short trade on this market.
In this scenario I will be waiting for the next market movement, considering that however, the demand could change the current trend, soon!
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
AUD/JPY: Following the Channel! What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the AUD/JPY, translating the market information with a full technical analysis on different time frames.
For a better understanding of my market perspective, let’s have a quick look on the monthly timeframe:
After a strong bearish impulse performed during the last month, the market is now retesting a strong s/r level.
Few doji candles are a clue of strong demand on that area, so there is a possibility to see a new movement to the upside.
Switching to the weekly timeframe:
A huge uptrend followed by a retracement, reaching the support level at about 0.50%/0.618% of fibonacci, usually an area where price start consolidating before a trend continuation or a trend change.
The last bullish engulfing could be a sign that the market is changing its perspective from bearish to neutral.
On the daily timeframe:
The price is consolidating inside the fair value area, the most market activity is happening on the top of the value area, and focusing as well on the three rejections from the demand zone, you can see how the buyers are aggressively pushing the price back inside the area, all signs that the buyers are getting the control of the market.
Back to the 4 hours timeframe:
The market is moving following a clear uptrend!
Now let’s analyse more in detail:
The market is forming a falling wedge, testing now the dynamic support of the ascending channel.
I will be waiting for the breakout of this pattern before entering long on this trade, looking for a good entry point with a RRR of 1:2.
I would place my SL below the channel and the first TP at about the middle of the channel, the second TP on the dynamic resistance.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
AUD/USD: The Big Picture is pointing to the DOWNSIDE!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the AUD/USD, trying to translate the market information with a full technical analysis on different time frames perspectives.
For a better understanding of my bearish BIAS, let’s have a quick look on the monthly timeframe:
After a strong bearish impulse and a retracement, the market seems is continuing its trend to the downside, approaching now on a strong monthly support area.
Switching on the weekly timeframe:
As you can see in the chart, the market is clearly following a descending dynamic trendline, bouncing and getting a rejection on it a couple of times during the last months.
The last strong bearish impulse seems is getting a retracement right now and there is a good opportunity of trend continuation.
Let’s analyse the daily timeframe to get this situation with a better perspective:
The market is breathing and as the chart shows, on the level 0.38% of Fibonacci we have our previous monthly support.
Zooming out the chart, overall it’s clear that the market has a bearish perspective.
The last impulse is making a new low, lower than the previous one!
Finally back to the 4h chart:
The price is currently retesting the resistance zone and considering the overall bearish market, I will be only looking for short trades.
Before entering the market I’ll be waiting for a bearish price action around the current level with a RRR at least 1:2 or greater.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
NZD/USD: upcoming DOWNWARD Impulse!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the NZD/USD, trying to translate the market information with a full technical analysis on different time frames perspectives.
For a better understand of my short BIAS, let’s have a quick look on the monthly timeframe:
During the previous month, the market performed a really strong bearish movement, and it’s currently approaching on a solid level of support, that rejected the price many times during the past years.
The market is still bearish and there is not yet a sign of rejection but still, there is a possibility of a retracement, in a short future, as a “breath” of this huge and clear bearish impulse, with a good chance of market continuation.
Switching on the weekly timeframe:
The market is clearly following a descending channel and focusing on the last two red candles, with the second one definitely smaller than the previous one, it’s a sign that the market is losing momentum.
The current candle is actually moving in the opposite direction of the trend, but still early to say where it will close the price, considering that there are still 3 days of market activity.
Let’s have a look now on the daily timeframe:
After the last strong bullish impulse (see the first green arrow), the market started consolidating between the resistance and support zone, with no strength enough to push the price above the previous HH. That was the first clue of change of bias from uptrend to neutral.
The last bearish impulse broke the previous lower low and the support zone of the market consolidation, the reason I believe the market will continue to the downside!
Finally back to the h4 timeframe:
As you can see in the chart, the market is currently moving inside a descending channel and before to plan my short position on this trade I will be waiting for a good entry point with a RRR 1:2 or greater.
In the scenario of retracement instead, I will be waiting for the price to break the support zone and then I will plan my short trade on the restest of the same level.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
GBP/USD: The market is exhausted, it's time to move UP!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the GBP/USD, trying to translate the market information with a full technical analysis on different time frames perspectives.
For a better understanding of my bullish BIAS, let’s have a quick look on the monthly timeframe:
The market has been trending to the downside since almost 7 months and now, it is approaching to retest an important resistance area turned in support, a strong level that rejected the price few times during the past years (see the red arrows in the picture).
Overall the market is bearish but still there is a possibility of a retracement bouncing on the current level.
Switching to the weekly timeframe:
A strong bearish impulse seems is getting a breath, the green candle formed on the support/resistance level is definitely a clue of price retracement.
In the daily timeframe I can analyse better this specific situation:
Approaching on the strong monthly support, the market slowly lost momentum and it’s visible just having a look on the last few candlesticks, small candles, doji candles, overall long shadows up and down, this is clearly a sign of market indecision with a good possibility to move now to the upside.
Interesting is the level 0.50% of Fibonacci, a level where the price previously got its retracement and a level where the price could start a new consolidation phase.
Finally back on the 4h timeframe:
During the last impulse, the market as been following a descending channel and it is very important how the price is moving at the end of this channel.
The price is currently above the middle value area of the channel, that is another clue that the market is getting more bullish pressure.
Considering that overall the GBP/USD is still trending bearish, I wouldn’t open any position right now but I would, instead, wait patiently the breakout of the descending channel and the price action after the retracement.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
EUR/USD: Full Technical Analysis (Short Bias)What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the EUR/USD pair, trying to translate the market information with a full technical analysis on different time frames perspectives.
For a better understanding of my bearish BIAS, let's have a quick look on the monthly timeframe:
As you can see in the chart, overall the market is trending to the downside and the last five bearish candlesticks are a clue of that.
Let's switch to the weekly timeframe:
During the last 4 weeks the market got a strong bearish impulse and now it’s getting a retracement, known as “market breath”, testing the level of 0.38 Fibonacci retracement, a level that usually work as market consolidation or market continuation.
In the daily timeframe I can better analyse this specific situation:
The price got a double rejection in the area between the 0.38 and 0.50 of Fibonacci retracement, creating a resistance area where I will be looking for a short opportunity.
Finally back on the 4h timeframe:
The market retracement happened following an ascending channel, breaking that at the beginning of December.
The price is actually consolidating, still below the moving average 200 and before to plan my short position on this trade, I will be waiting for the price to retest the resistance area with a bearish price action and a RRR 1:2 or greater.
Eventually the price will break the resistance level to the upside, that would mean a possible change of bias and the trade will be not valid anymore.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
GBP/USD: An upcoming Market REVERSAL!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the GBP/USD, translating the market information with a full technical analysis on different time frames.
For a better understanding of my market perspective, let’s have a quick look on the monthly timeframe:
Overall the market is still moving to the downside, got a rejection on a strong resistance/support level.
Switching to the weekly timeframe:
The market started a retracement movement and I would expect the price to reach its next S/R level before consolidating for a while or eventually get more rejection on that area.
On the daily timeframe:
The market has been moving inside a descending channel for a while, breaking it to the downside just few days ago, reaching the support level where it found strong demand.
Considering the overall bearish market and a strong downtrend, there is a good possibility to see the price going back to the support area, consolidating for a while before increasing the demand and eventually start changing the trend.
Back to the 4 hours timeframe:
The price almost reached the previous value area that it could work as a resistance level.
There is a possibility to see the market going back to the support to get more demand before a new upward movement.
I’m not going to take any action on this market right now, I would instead, wait for a clear trend change before planning my next position on this trade.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
BTC/USD: Where's the next FAIR Value Area?What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the BTC/USD, trying to translate the market information with a full technical analysis on different time frames perspectives.
For a better understanding of my bullish perspective, let’s have a quick look on the monthly timeframe:
Overall during the last months the market was bearish, and it retested a strong support level that worked quite good as resistance and support.
Switching to the weekly timeframe:
In a long term perspective the market has a bullish bias, considering the last two higher highs and higher lows.
I would expect some more trend continuation to the downside before a possible trend change.
On the daily timeframe:
The market has been following a strong downtrend for a while and as you can see on the chart, around the level 42.500, buyers are ready to get into the market, considering an aggressive rejection on our weekly support level.
Back to the 4 hours timeframe:
The market is currently moving inside a fair value area, the sellers are still in control but slowly losing their strength.
As you can see on the chart, the most trading activity in this last fair value area is happening to the upside of the channel, it’s a clue that buyer are showing interest on that level.
I would expect some more continuation to the downside, as I showed in the picture, waiting for a new fair value area before a trend change.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
AUD/USD: Double Top Pattern formed! What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the AUD/USD, trying to translate the market information with a full technical analysis on different time frames perspectives.
For a better understanding of my bearish idea, have a read of my previous analysis:
Before focusing on the 1 hour chart, let’s have a quick recap on the 4h timeframe:
The market retraced back after a strong bearish impulse, getting a double rejection on the area around the 0.50% of Fibonacci.
The price is currently retesting a local support turned now into a resistance level, with a possibility to see a trend continuation, considering an overall downtrend.
Back to the 1 hour chart:
The market formed a double top pattern just around a strong resistance level, getting a clear rejection to the downside.
A responsive movement pushed the price back to a local S/R level and it’s currently retesting that area.
Considering a great responsive movement, translated with buy order positions around the level 0.71000, I would expect some consolidation before, eventually, a trend continuation.
Before to plan my short position on this market, I will be waiting for a clear bearish price action with a RRR of 1:2 or greater.
A breakout to the upside of the local S/R zone, will invalidate my trade setup and no action will be taken on this market.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
CAD/JPY: Buyers Responsive Movement! What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the CAD/JPY, trying to translate the market information with a full technical analysis on different time frames perspectives.
For a better understanding of my bullish bias, let’s have a quick look on the monthly timeframe:
After the last bullish impulse, the market got a retracement, reaching a strong support level and retesting it during the current month.
Switching to the weekly timeframe:
The market got a good rejection on the support level but considering the long shadow on the last green candle, I could expect the presence of supply between the level 91.000 and 90.000, with a possibility of consolidation before the market movement.
Overall the market is making HHs and HLs, then the perspective is still bullish.
On the daily timeframe:
The market got a retracement of its previous bullish impulse with a clear rejection around the 0.618% of Fibonacci.
Finally back on the 4h timeframe:
The market has been following a descending channel until an initiative bearish pressure broke the channel to the downside.
On the weekly support the market got an increasing of demand and a strong responsive movement from the presence of buyers on the support level.
The price retraced back after the impulse around the 0.50% of Fibonacci and it’s currently retesting a local resistance turned into support.
Obviously the price is still inside the channel and before to plan my long position in this trade I would wait a breakout of the channel to the upside with a bullish price action and an entry point with a RRR of 1:2 or greater.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
AUD/CAD: More bearish Continuation!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the AUD/CAD, trying to translate the market information with a full technical analysis on different time frames perspectives.
For a better understanding of my bearish perspective, let’s have a quick look on the monthly timeframe:
Overall the market is moving to the downside, a strong bearish impulse got a breath, closing the last month with a big red candle, sign of a good bearish pressure.
Switching to the weekly timeframe:
As you can see on the chart, the price quickly retraced back after the bearish impulse, and it is currently retesting a previous support turned now in a resistance level, that coincides with the 0.38% of Fibonacci retracement.
I would expect some consolidation before a possibility to see a trend continuation.
On the daily timeframe:
The market consolidated for few months between the two key levels, breaking the support level at the beginning of December.
Back to the 4 hours timeframe:
The price reached the dynamic trendline and the resistance level, losing momentum close to this area (see the last few candles with a smaller body)
Before planning my short position on this trade I will be waiting for bearish price action and a strong red momentum candle with a RRR 1:2 or greater.
Potentially my SL would be above the resistance level and the take profit around the next support level, manually moving my SL on every swing high.
A breakout to the upside would invalidate my trade and no action will be taken on this market.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose