Bullish on the 1 Hour, Should we TRADE ...?
After successive trades to liquidity target, the market seems to have lost its Bearish momentum for a bit. This has seen the market take out our zone in a bid to turning Bullish.
For now, we are on a middle course. With the 1 hour reversing Bullish while the 4 hour maintains its Bearish momentum, it is difficult to say whichi direction the market would go for certain.
A second look, not at the charts, but to reservoir of knowledge would reveal that the 1 hour is expected to move in the direction of the 4 hour. And so the 1 hour Bulish impulse is expected to form a retracement for the 4 hour chart, following which the 1 hour impulse will be wiped out by the 4 hour extension.
This is my perspective on this pair
H-setup
Bearish Way to GO...From our yesterday's analysis, we saw a possiblity of this pair going Bearish on the 1 hour chart, while still looking overwhelmingly Bullish on the 4 hour.
Today, looking at the 4 hour chart, we can see that there is a change in direction. The pair now has a Bearish perspective on the 4 hour chart. Price has retraced bullish into our Panzy Pips Block (PB), from where we expect Bearish reversal. We are open to the possibility of price reaching further up for our zone as marked out on the chart. With price expected to dip lower, we have our eyes and early trade setup focused at the 4 hour
SHORT is the Way to GoThis pair has witnessed a continued melt in prices. It is bearish across several timeframes.
With the last swing just completed, we are looking forward to our next trade. In which direction are we looking to trade? Did i hear you correctly? Did you say BEARISH?
Hell yes. BEARISH IT IS...!
We are holding on to the bearish perspective as shown to us by the markets.
We will wait for the market to come into our PB, and from there, using one of the various Panzy Pips trade entry methods, we will take our trade all the way down to the liquidity target of the 1-hour timeframe.
Bearish Again on the 1 Hour...?Yesterday, we made our analysis and found a possibility of the market dipping.
The market played out our prediction and hit the 1 and 4-hour liquidity target at 0.89016.
With that swing completed, we are setting up for the next trading opportunity.
We see prices begin to retrace Bullish after hitting our liquidity target.
We have prices back inside our Panzy Pips Block (PB) and we are setting up for a trade. Price is expected to get to our marked-out zone, and from there, it will reverse Bearish. We will look to jump on that Bearishness when the reversal begins.
Even though we are Bearish on the 1 Hour, as well as the 4 hour, it is important to notice and pay attention to the fact that the daily chart is bullish and we have seen prices very recently come into our marked-out zone. This is a sign of Bullishness on the Daily. Be that as it may, since we are trading the 1 hour time frame, we will hold on to the Bearishness sold to us by the 1 hour timeframe and only look to think otherwise where and when the 1 hour reverses adn begins to move Bullish, in the direction of and in syncrony with the Daily Chart.
Bullish on the 1 HourWe made our trade analysis on this pair yesterday and we saw it play out our prediction.
This pair played out right according to our prediction.
We witnessed prices drop all the way to hit our 1 hour liquidity target. Market came very close to our 4 hour target but reversed Bullish.
On the 1 hour chart, the market has reversed Bullish. We have a new Panzy Pips Bolck (PB) to trade from and we have refined it to a small zone. Price is expected to drop into that zone. That is our first step to trading this pair. From that zone, we expect to see Bullish Reversals, to drive prices all the way up to our 1 hour liquidity target at 0.63790.
DXY short term Shorts to 105.200SCENARIO 1 - This is my bias for the dollar index (DXY) which gives us extra confluence for my two GBPUSD & EURUSD temporary longs that I have recently posted. As they have a negative correlation between them it gives our trade ideas more confirmation. Im currently expecting price to react as it's in a 8hr supply zone and distribute to eventually sell off towards 105.200 or even lower possibly to 104.700. Once price reaches there we will then expect the dollar to push back up again from those POI's below ( 6hr or 4hr demand zone.)
My confluences for dollar (DXY) shorts are as follows:
- Price changed character to the downside on the higher time frame as well as broke structure indicating the shift in trend has become bearish.
- Price entered an 8hr supply zone that has caused this break of structure to the downside.
- Momentum has slowed down (a good sign that price wants to go back down.)
-Wyckoff distribution taking place to liquidate any previous buyers that was in profit to then allow us to enter the best possible sell position down towards the designated target.
- A few Imbalances have been left below that it must come back and fill.
- Lots of liquidity below as well to target in the form of untouched Asia lows and engineering liquidity.
P.S. Obviously as this is not the only possible scenario, price could also go higher and react off the 6hr supply zone above current price and mitigate that extreme zone to then sell off from there. Either way we are anticipating a drop to follow the bearish trend that has been formed.
GBPUSD short term Longs to 1.22500SCENARIO 1 - My current bias for GBPUSD is to buy roughly were current price is at (9hr demand) but could expect a bit more downside and mitigate the 7hr demand zone for the buy setup to take place. Regardless we are expecting a wyckoff accumulation to take place in this POI. Targeting 1.22500 were the 8hr supply zone is located, we will then look for price to slow down momentum and distribute for a potential sell setup to form in either the 8hr or the 10hr supply zones.
My confluences for the buys are as follows:
- Price has tapped into a 9hr demand zone that has caused a change of character to the upside.
- There's lots of imbalances left from the downwards push we had today so we are expecting that to get filled in.
- Liquidity that was lying underneath the consolidation has also been swept hence why we are starting to see higher highs and higher lows.
- Also for price to continue going down in a bearish trend overall I would be expecting for price to mitigate the 1.22500 level in order to continue going down.
- wyckoff accumulation is starting to unravel as price was slowing down whilst entering the zone (good sign, as the rejection indicates price wants to go back up.)
P.S. If price decides to push higher than our two supply zones and sweeps the liquidity at 1.23400 it will form a break of structure on the higher time frame indicating the trend will officially be bullish temporarily.
Strong Bearish MomentumOn the 4-hour chart, we witnessed yesterday how prices retraced Bullish to come into our zone. This saw the 1 hour chart hitting its target price point and proceeding all the way higher to get to our 4 hour Panzy-Pips Block (PB), as marked out on the chart.
From this level, and with this look of bearishness, we expect prices to begin to melt and consequently witness a corresponding dip in prices. The market is expected to stay bearish as we target our 4-hour liquidity target at 1.20371.
Because it is a 4-hour chart, we would expect a good number of swings in the lower timeframes of 1 hour and below.
Strong Bearish MomentumOn the 4 hour, we witnessed yesterday how prices retraced Bullish to come into our zone. This saw the 1 hour chart hitting its target price point and proceeding all the way higher to get to our 4 hour Panzy-Pips Block (PB) as marked out on the chart.
From this level, and with this look of bearishness, we expect prices to begin to melt and consequently witness a corresponding dip in prices. The market is expected to stay bearish as we target our 4 hour liquidity target at 1.20899.
Because it is the 4 hour chart, we would be expecting a good amount of swings on the lower timeframes of 1 hour and below.
DOT.USD (Full Analysis Long Term)Hello my dear Followers.
How are you?
I hope you feel great.
It's a new day and I want to talk about Polkadot (DOT)
Please pay attention that it's NOT financial advice because it's just a new vision that belongs to me. and I'm sharing this analysis with you.
So, please be aware and watch the market.
So, let's go into details.
I used the Fibonacci channel to analyze this chart.
0 is the bottom of the chart. 0.5 is the midline and 1 is the top of the Fibonacci channel. and so on
I want to check this asset in the daily time frame. Based on the information we had, we are still in a bearish trend. And expect to drop more.
Today market raised and I think it's just a pull-back to a lost support.
Please don't FOMO.
This market needs to drop more. According to my latest analysis about USDT.D, I expect this item to still go higher and higher. although the DXY is bullish too.
BTC.D is Bullish Too.
if BTC.D is bullish and Bitcoin drops, the altcoins drop more than you think.
It means that the market needs more correction.
There are four support zones for this asset, but just two zones are essential.
Let me define these zones for you. I believe that the main zones for Polkadot are 2.06 and 1.07 USD.
I don’t want to tell you the Polkadot will drop to 1.07 USD, I just tell you this zone (1.07 USD) is the last support and it might never touch the price.
the main support for Polkadot is 2.06 USD.
You should buy your asset at the cheapest price, so, you should be patient.
I want to put in my order of 2.06 USD to buy a Polkadot.
By the way, you should watch the market. Because bad news is coming. And they are really effective in this market.
The main correction wave has not started yet.
I want to refer you to my last analysis of BTC.USD in a weekly time Frame. we are still in the B wave and the C wave has not started yet.
It was my duty to warn you and tell you all the truth.
Sooner or later, but the correction is sure.
Please be patient. Control your emotions.
Opportunities in the market flow smoothly like a river.
It was my duty to tell you all things you need to know.
Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this vision with your friends.
And tell me do you agree with me or not?
Good Luck
Ho3ein.mnD
EUR/USD is ready for a restart!In the Asian session on Monday, the EUR/USD exchange rate dropped below 1.0600 due to developments in the Middle East, weakening the bullish prospects of the pair. The US dollar gained strength due to higher yields and a decline in stocks. However, there are some positive signals for EUR/USD, with technical indicators showing the potential for further gains if it closes above 1.0640 and possible weakness if it falls below 1.0500.
On the 4-hour chart, the pair appears to have an upward trend, and gains may continue if it remains above 1.0555, with possible support at 1.0530. The main resistance is at 1.0630, and a breakout of this level could lead to further upward movement.
Looking ahead, Germany will release the Producer Price Index (PPI) report, and the European Central Bank (ECB) meeting is expected. In the United States, economic data has shown mixed results, with a decrease in initial unemployment claims but an increase in continuing claims. Federal Reserve Chairman Jerome Powell has suggested keeping interest rates stable in the short term. The expectation is for a rebound to the trendline at the 1.0551 level with subsequent upside towards 1.0622. Of course, I will be looking for an entry on M15/M5 on some liquidity grab, during the Asian session or on a swing low. Let me know what you think, greetings from Nicola, the CEO of Forex48 Trading Academy.
GBPNZD : Short Trade , 4hHello traders, we want to check the GBPNZD chart. The price has broken the ascending channel to the bottom and then marked the key level and also pulled back the downtrend line. If this level can play the role of a resistance level and the price cannot break this level, we expect the price to maintain its downward trend and fall to around 2.03400. Good luck.
Creating MillionairesWell, some would call me crazy. But that's my long term view:
TQQQ made 200x since inception in February 2010 until his top in November 2021.
Now, in my opinion, we are in the middle of a Bear Market.
My expectation is that this Bear Market will last till December 22 until June 23.
After that the next Bull market should start.
My expectation for the Nasdaq 100 is to trade around 47.500 Points after this 10 Year Bull Market, which would take the TQQQ to around 1000.
This would equal a 100x from the Bear Market lows, which I expect around 10.
Of course no one can predict the future but I would also be happy with just 50x in 10 Years :D
And I really think that this is a possible scenario.
So here is my plan:
in December 2022 i will start investing all of my money into TQQQ.
For the next 5 years i will put everything into TQQQ too.
AND finally in 2034 I'm hopefully a multimillionaire.
See you guys in 2034 :D
(not a financial advise)
Is GBP/USD ready for 1.23?Initially, the exchange rate between the British pound (GBP) and the US dollar (USD) showed an increase, surpassing 1.2130 but encountering resistance at 1.2175. Despite inflation in the UK, the pair consolidated with slight losses due to the strength of the US dollar. Currently, it fluctuates between 1.2190 and 1.2200, in line with Fibonacci retracement levels at 23.6% and simple moving averages at 50 and 100 periods. If the pair manages to stabilize above this range, technical buyers could step in, aiming for 1.2250 and 1.2300. Otherwise, potential sellers could push the pair towards 1.2130 and 1.2100.
During a quiet Asian session, I noticed a modest increase in GBP/USD, reaching 1.2200 during the Wednesday morning European session. From a technical perspective, there are no clear signals of upward momentum, but further increases could occur if the pair holds at 1.2200. The inflation index in the UK remained stable at 6.7% on a yearly basis in September, surpassing market expectations. The British Finance Minister anticipates a decrease in inflation. Although recent CPI data may not influence the markets for a rate hike by the Bank of England in the November meeting, investors might reassess whether the BoE has completed its tightening cycle, potentially supporting the British pound in the short term. In the afternoon, Housing Starts and Building Permits data for September will be released in the US, which could impact the US dollar. I will look for a long entry on M15 or M5 with a subsequent target of 1.22. Let me know what you think, comment, and leave a like. Greetings from Nicola, the CEO of Forex48 Trading Academy.
JOEUSDT Pending Rally - Ready for a Liftoff? ⚪In the early months of this year, JOEUSDT broke free from a wedge pattern, sending ripples of excitement throughout the crypto community. The subsequent dip found a firm foothold in the demand zone near $0.19, from where it catapulted upwards, achieving a staggering 285% growth. This pivotal moment drew the attention of many bulls.
⚪However, the tide has shifted over the past six months, with JOEUSDT experiencing a consistent decline. Now, the stage is set for another crucial juncture as the price approaches the vital demand zone. Our eagle eyes are closely tracking JOEUSDT's price action, as this could signify yet another remarkable price surge.
⚪But here's the catch: for this scenario to materialize, we must witness an emphatic breakthrough above the $0.37 resistance. When and if this breakout happens, we'll be on the lookout for a prime buying opportunity with a compelling risk-to-reward ratio. Naturally, we will promptly share this setup in our channel.
⚪Nevertheless, it's important to recognize that while the allure of buying JOEUSDT at this juncture is undeniable, it remains a risky proposition due to the absence of robust trend reversal confirmations. Patience and discipline are the key as we await the perfect conditions to make our move. 🚀📈
GBPJPY Weekly SetUpThis week in focus:
183,800-180,000-178,500
Personally, I like to buy GBPJPY, but we have to be careful since we have political tensions and this could lead to a possible change in general order flow.
We have the possibility to have short term sells.
At the same time, we have the unemployment rate, retail sales and inflation rate which could lead to further weakness in GBP in the short term.
MATIC.USD (SHORT-TERM)Hello friends.
How are you today?
It's the second analysis that I publish today.
Many users asked me to talk about Matic for Short-Term
So I decided to talk about that briefly.
I use Gann Fan and Ichimoko and the time frame is Weekly.
According to the data, the price still respects the Gann Fan's line. It looks nice.
Also, I use ichimoko too.
Based on Ichimoku the price is below the Tenken-sen and Kijun-sen, the future cloud is still bearish and the Chiko span is below the Candles.we had a negative swsitch between tenkensen and Kijunsen. It means we are still in a bearish trend. and the time shows us about 2-3 weeks later, the price will touch the purple line (1/3)
Also, the price action tells us the first support zone could rescue the price against more drops. As a result, I expect that the price will drop to 0.42 USD first and if this support zone could not prevent more dropping, we should see the price in the second support zone.
But in the long-term, I expect more dropping, minimum to second support zone.
So, we have to be patient and see what will happen…
Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends.
Have a good day
Ho3ein.mnD
XRP.USD (Ripple) Full AnalysisHello My Friends.
It's a new day and I want to talk about my favorite Coin known it as Ripple.
It's really a die-hard asset against many problems.
Let me remember that it's NOT financial advice.
It's just a new vision for the Ripple.
So, please read carefully and don’t forget to Like, share write your friends, and write your comments below.
Let's go into details.
As you see, I want to analyze this chart on a weekly time frame to show you what's happening in XRP on a big scale!
I drew 5 zones as the main support zone. I believe that the First zone around 0.45 USD will be lost soon.
So, don’t hurry to buy this asset at an insensible price.
The Next support is around 0.28 USD. This zone is rarely strong but I believe that this zone will be broken too.
The 3rd one is around 0.18 USD and could be a good place to put your order for the first Level.
But I believe that the 0.15 USD will touch the Price and it's really an excellent place to buy XRP.
Finally, the Last support zone is around 0.12 USD. This is a fabulous zone to buy and hold Ripple for a Long time.
I want to tell you something sweet, according to my calculation, the final target of Ripple at the end of the next Bull cycle will be around 50 USD in the long term. it means a profit of more than 40000% at the end of 2029. So, please pay attention to my words and be patient.
The situation of the world economy is terrible.
The U.S. government is stuck in recession. So, it's a good chance to start the best investing.
Please be patient. control your emotions.
Opportunities in the market flow smoothly like a river.
It was my duty to tell you all things you need to know.
Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends.
And Tell me do you agree with me or Not?
I wish you Health and Wealth
Sincerely Yours
Ho3ein.mnD
GBPAUD : Short Trade , 4hHello traders, we want to check the GBPAUD chart. The price has broken the ascending channel to the bottom and is currently moving in a downtrend. The price has pulled back to the specified key level and we expect this level to maintain the downward trend and the price will fall to around 1.89000. Good luck.