USD/CAD - Technical AnalysisAnalysing with Ichimoku clouds has given me the impression bearish sentiment is going to continue on this pair.
Strong sell signal from a bearish kumo twist and kumo breakout, labelled in the chart.
A TK death cross has also appeared following the kumo break out.
Recent low is at 1.28863. My fibonnaci level show price has violate the 50.0 mark and will continue to descend until 61.8.
Alligator indicator also show bearish sentiment
If Price violates 4H candle low, expect downtrend to strengthen and bearish kumo clouds to expand
Fibonnacci
Bitcoin - The Big PictureThe 5800 level has been touched repeatedly and seems to be holding up fine. I honestly don't see any reasons why it would cross down the 5000 level.
This may take a few weeks or even months of sideways action before engaging on a new uptrend, but shorting anything over the hourly here is not worth the risk as we hover around .386, a historically strong trend support.
LONG GBPUSDThis based on pure technicals. Now as we can see the price in cable is respecting the channel but based on Fibonacci series.. 61.8 fib - The golden ratio has always worked well..
Considering we may have formed the bottom today almost at the tip of the channel, this has high probability for a reversal till 1.3077.. Only catalyst for that would a be a decent beat in GDP numbers due on Friday along with some soft brexit stance coming from the UK.
$GOLD | Take the advantage of small bullish wave!Hey Everyone,
In our Previous analysis of Gold we Sold it from $1342 till $1298 rendering us with positive 400PIPS of Profit,
and now it's time to buy this asset keeping the targets small
the reason is quit simple because the Trendline still holds it strong and it could potentially meet our target
also it's the bullish phase market seems to have a Bullish roar ATM!
So, here's our preferences,
BUY at CMP
STOP LOSS - 1210
TARGET - 1340
have any doubts? than, let us know in the comment section below
and make sure to give this analysis a Thumbs UP +_+
Ambrosus ascending AMB has formed an ascending triangle on the 4 hour timeframe. Generally, this is a bullish continuation pattern and due to multiple other indications on other time frames, it can be seen that AMB is attempting to move into an uptrend (at least across the smaller timeframes under 1D)
The stochastic RSI and the MACD both have a bull cross and they are indicating good momentum.
This is further confirmed by the kijun and tenkan resting as support.
The top of the triangle has previously been tested and the break has been rejected. Another failed break of the topside could mean the price rebounds back to the .618 fibonacci levels ~
However, a topside break here could set the price up for a fib extension to the 1.0 fib line at 5472~
DOLLAR RE-TRACE/RE-TEST.GOOD DAY TRADERS
THIS IS MY ANALYSIS ABOUT DXY .
1. Price near strong resistance.
2. Price near fibonacci 0.382.
So this what i'm thinking.
I'm going SHORT in this pair.
Entry : Around 94.00
Stop loss : Around 95.30
Take Profit : Around 92.00
PLEASE TAKE PROFIT AS LONG AS YOU WANT.
TAKE CARE EQUITY, THERE IS NO REASON TO RISK CAPITAL.
U'r very welcome to give a comment.
DISCLAIMER ON !!!!
LONG Dollar IndexPros
Elliot wave completed, expecting an ABC correction.
Pullback of 38.2/50.
Support zone
Longterm bullish.
Cons
Downtrend.
The last peak, may cause a divergence.
Strategy
Wait for a 38.2/50% correction of the last wave to enter the market.
I think the position can be closed when (A) was reached, but can manage moving the stop behind the last trough to reach (C).
Bad Day for Cryptos-May 23rd!How does this fit in the long term?I'd say, bitcoin/other alts, are technically on extreme sale right now, which is about to end the beginning of June!
(That is if bitcoin sustains a level above 7000)
MACD on 4 hr has been winding on and on since the first time Bitcoin hit 6000. At any time it could become pressurized enough to make a move either way.
Why does it have to hold above 7000?
-Psychological support, possibly a 3rd failed rally to break 12000, might mean retesting and breaking 6000, also 7200/7400 is a fib. support zone of the previous 2 major uptrends. Breaking bellow 7000, would be the bearish scenario.
What I do see next is a potential formation to wave 1(Bounce). This won't happen immediately, it would most likely happen after a couple of days of stability in which buyers will potentially wake up and see the opportunity. My assumption is that Wave 1 could go all the way up to 9000 before wave 2. This would be the bullish scenario.
As always, like, share or comment any kind of suggestion or addition to the chart!
CAPJPY Bearish Gartley
CADJPY W1 is currently making Lower lows and lower highs but recently has been in an uptrend
Here's a prediction at a possible reversal back into downtrend so we can short
We're finding point D in this Bearish Gartley entry around 82.805 and SL and TP levels as recommended by the pattern
NZDCAD Bullish 15M Gartley forming
D1
NZDCAD D1 is forming a head and shoulder with 200EMA acting as support.
Can we find some pips in the weak right shoulder?
Drop to 15M
Uptrend is still imminent and a Gartley is forming.
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BTC 1.78% 14Ee3cGJLBdBN7PWRBwu3d41S3NVbqERRq
ETH 0x8844032d9b0791fdfa6633e3768cfe1d6a767c88
LTC LQmkqNvv3JVfFpHQ32Wp6mdiBPpLLgmmmf
MCO/BTC next try to get out. Anyone DCA? Trend AnalysisHi Fellas,
this is my next Idea to be able to move some of my funds. I've made a trend channel but due to the actual situation I think this will go back to the small 50 retracement. Then there is again my buying area. I will wait for confirmation. If we cant hold it due to EMA resistance and missing volume I will keep an eye on it and look for another buy opportunity.
The red line is my "old" AVG price from a couple weeks ago (yes, weeks) and the green one will be the new AVG price. So I should be able to get out with apprx. 0.5-1% gain. If MCO pumps and the indicators gave me more confirmation I will hold.
Cheers,
bitcoin-089