US GOV 10 Y - INTRADAY - TRADING IN THE ZONE !H4 : Triangle target filled @ 1.6860 %.
Ongoing reversal in progress
Watch, on H4 closing basis, Mid Bollinger Band (@ 1.6280) as first support indicator
H1: After having briefly broken the uptrend channel (wrong breakout, doji top followed
by a long black candle ! the 10 Y is still in this ongoing uptrend channel with a first attempt
to downside breakout, which failed.
Below the support line of this channel there is a more important support zone to look at, which is
the clouds area with its bottom level, which coincides with the 38.2% Fib ret @ 1.6270
A failure to hold above that level would put the focus to lower level, 1.56 % being the level
of the triangle prolongation on H4 . If seen pullback would be achieved
M15 : A Head and Shoulder formation is in progress with its neckline broken.
Technical target is @ 1.56 % too
CONCLUSION :
Expected trading range 1.70-1.55 % on short term
Doji
what is next move of gold?if price breaks the resistance 1777 and confirms above it then we would looking for long positions.
but if resistance push price back down then we van expect bearish bearish move to support 1757.
SPX Showing Indecision After An Attempted Rally Above ResistanceThis is a small update to my pervious monthly and daily chart where i pointed towards the possibility of a Rising Wedge and a Bearish Crab to take us to lower levels soon. As of today we have had a strained rally above the 1.618 and look to be heading for the supply line of our Rising Wedge. But it looks like with all the indecision we are showing only just slightly above resistance and the 1.618 Fibonacci Extension that we may not have enough steam left to rally to those levels.
I expect that we will either remain sideways or go down from here and likely will not be making it above the red box before at least first making a decent retracement to lower levels.
EURUSD D1 Bearish ViewEURUSD has broken below 1.1830 and confirmed Inverted Cup & Handle Pattern.
Target 1.1800 and 1.1745 has been hit (Ideas: EURUSD H4 Inverted Cup & Handle Bearish View, 24 March 2021).
EURUSD bottomed at 1.1704 and rebound to 1.1915 high.
Then EURUSD formed a Doji candle and potentially corrected lower to test:
1. 1.1830 again, and
2. 1.1700
Break and hold below 1.1700 will open the way to test 1.1600.
But any move above 1.1915 could cancel Bearish Doji.
Reference:
EURUSD H4 Inverted Cup & Handle Bearish View, 24 March 2021
EURUSD D1 Bearish View, 22 March 2021
USD INDEX (DXY) DAILY BULLISHDXY or USD Index has formed Cup & Handle Pattern after breached 92.50 level.
USD Index hit high 93.41 and the corrected below 92.50 to continue lower at 92.11.
After all, USD Index form a Doji candle and potentially rebound to test 93.45.
If 93.45 break, the next target:
1. 94.20
2. 94.70
3. 95.70
4. and the strongest Resistance 97.80
Reference Ideas:
DXY Index (USD) Daily Bullish View, 31 March 2021
US10 Y - TREND REVERSAL IN PROGRESS...D1 : Recent price action is showing a trend reversal in progress.
Indeed, last Friday a "doji" (uncertainty and indecision) took place which
has been followed yesterday by a bearish engulfing pattern !
Today's ongoing price action continue to move to the downside.
Watch carefully the Tenkan-Sen or Conversion Line, currently @ 1.6140
as the first important support and last but not least, at the MID BOLLINGER
BAND, "T H E L E A D I N G I N D I C A T O R", currently @ 1.5620 as a pivot
level for the ongoing session (s)
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Have a nice trading day
All the best
Ironman8848
GBPAUD - Another Push DownWe saw some bearish movement on GBPAUD yesterday however it appears a weak AUD caused a bullish reversal in the pair overnight. (I am currently in UAE timezone)
At the time of writing, the London session has just begun & we see price action indicating that another move down may be imminent. I observe a bearish doji followed by what appears so far to be an aggressive bear candle (lets see how this hour closes!). Price appears to have rejected the 1.80 psychological level also.
I am aware price appears to have broken the downtrend however if we observe a closure within the trendline then I will classify this as a fakeout.
We can then look for short entries to ride priced down to the previous swing low at around the 1.78200 level.
EURGBP LONG: Doji weekly close longer term play with GartleyWith a few hours to go it looks like we have an indecisive weekly close in the form of a Doji candle. In addition during the week my eyes spotted this Gartley advanced pattern which whilst not something I really trade any more I will note it. A chance to go long at the open on Monday if the weekly candle close still stands with a great RR and a longer term play.
How to trade the US Dollar Index based on US FED policy actionsYesterday JPowell was very dovish. In summary, it's clear that the FED will use every tool necessary to achieve full employment.
This implies that he'll let inflation run hot above 2% for a while. The recent rise in the US 10 YR yield indicates inflation is coming. However, JPowell said that he won't use tools to raise rates to follow the yield curve yet but implied that the FED may extend treasuries maturities should higher yields negatively affect unemployment numbers. Unemployment is still high.
How to ride this out
JPowell seems to think that the upcoming inflation will be transitional. He also expects the GDP growth to hit 6.5% by the end of this year. In addition, increasing vaccination will boost reopening economies around the world.
Therefore, I expect the US Dollar to be strong for a while before heading lower. This play has the least resistance and current economic conditions support this.
However, the US Dollar may immediately head lower as more money is introduced into the system. The FED will continue with QE as stimmy cheques hit banks this week.
BTC - H1/M15 - FACING FIRST RESISTANCE (38.2% FIB RET ) @ 56097H1 : Recent price action triggered a corrective recovery towards a high so far of 56450,
making on H1 closing a doji pattern = indecision and uncertainty
Last candle did not managed to close above the 38.2% Fib ret @ 56097.
Cluster H1 support is between 55500 (MBB) and 55250(KS); a failure to hold above this area
would again trigger another wave of selling pressure targeting a retest of former lows.
M15 : Caught in a kind of triangle pattern with 57000 on the upside and 53000 as pivot level
area for further development.
Watch clouds as a very short term support zone
All the best
$PTON Big Doji candlestick suggests Bounce to 130-132 Over sold indicators supporting Friday Big Doji candlestick around 105 . Above 98 Short-term suggests bounce to 130-32 then consolidation or other pullback lower than 93. Battle ground around 123
Resistances: 115.2 - 123.4 - 130-132
Supports: 98 - 93 - 85 Stops for longs.
possible quick long opportunity before short ! the price has broken major support levels meaning that a big move down is likely. however a retrace is also showing on the Heikin-Ashi which means there is a quick long opportunity before the short. the stochastic is still oversold and will potentially reach the overbought area before the price starts to move down. this is an ideal situation to increase your profit before shorting the price by catching the retrace.
Quick profit heikin-ashi trade! System test Here is a good example of the Heikin-Ashi system in action in a forex market
Always watch for the main signals to enter or sell: donchian, stochastic, heikin-ashi doji, CMF
This trade as shown worked well, always make sure that each signal has been ‘ticked’ before entering or selling.
Live trade ideas coming soon!
$BTC: Heikin Ashi showing signs of a turn around? Patience!!On the daily heikin chart, we're seeing the first bullish doji forming, which is a sign of indecision and the possible end of this downward trend that we've been in the last week. This 26% correction is fantastic for reloading on fuel for the next push higher. There's almost a 0% chance that 58k was the "top" and that we won't see #Bitcoin push towards the inevitable 6 figures.
I'll be looking to long the breakout of the top wick on this doji that's forming today. On the heikin ashi chart if price action was to push above that level, it would show an actual reversal in the trend. Be careful trying to long before that as the bullish doji in the micro downward trend might just be a pause before continuation. $BTC has multiple 30-40% corrections in its last run, and I would never count out the whales from a nice fake, followed by a liquidation of overleveraged moon boys, and then a subsequent earth shattering pump. Let's be patient and find out!
SE- My international E-Commerce playLast year, SE turned cash flow positive and posted the triple digit revenue growth quarter after quarter. It is a digital entertainment/gaming + E-commerce + Fintech all in one company and is turning into a behemoth in south east asia.
In addition, SE was a favorite buy for several top hedge funds in Q4 2020.
It seems like we will see some weak rally tomorrow as the bottom-buying pressure seems to have waned compared to previous occasions in which buyers showed up almost immediately as soon as the price touched the bottom of the long-term trend. Not saying the trend will be broken, but it's likely that we will see a brief consolidation first, then another swing low before the reversal happens. Nonetheless, I will buy the dip tomorrow and aim to fill the remaining of my positional size inside the demand zone.
Not the investment advice. Just my two cents
BTCUSDT 4H | Bitcoin market overview: Trend reversalHello, dear subscribers!
In the previous review, we looked at the rise in bitcoin price as the preferred scenario for the bitcoin market.
In the following days, bitcoin price went up, showing a maximum of $57,700. In today's review, we want to show you a possible reversal of the uptrend. A reversal candlestick pattern may be formed on the bitcoin price chart in the following 4-hour candlestick after 16-00 UTC. The current candle forms a doji or hammer candle. The red candle following it forms a reversal candlestick pattern. Also, this movement confirms the decline of the OBV indicator, which indicates the closing of positions by buyers and the increasing influence of sales in the bitcoin market.
Targets of the downward movement will be the levels - $52,000 and $48,000.
Subscribe to the channel and stay with us!
USDJPY - Support and ResistanceAs mentioned a few months back that USDJPY will hit a few bumpers along the way and 1 of it is at 106.01(chart at bottom)
I've engaged in an aggressive short and that is an attribute to candlestick formation, a doji on the resistance level way before the actual movement.
Once the price come in contact with the trendline, I will shift stops to entry and the candlestick close will be my main deciding point if I will intervene and exit the trade.