EURNZD - 21-25 Dec Week trade opportunities for reference- Dec week 21 -25
- Previous momentum: Bearish
- Week Close: Bullish
- Range: 242 pip
- Bullish momentum, break of last week high and retesting Nov 9 resistance level was the first spot at week start. With EURNZD HTF bearish momentum and current unjustified bullish move, failure to break and hold above 9 Nov resistance at 7345, suggests that correction for this up move is due.
- Highlighted 2 opportunities for Short according to my rule of having Momentum and 1H close in my direction and as per my Weekly Plan. the other Long opportunity could be traded but wasn't planed.
- Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle.
Previous week trade plan : FX:EURNZD
HTF
XRP - A fundamental case for a long term bias/tradeFacts:
- SEC is suing Ripple Labs for the sale of unregistered securities
- XRP and Ripple are not the same. XRP is the coin, Ripple Labs is the company
- Unless Ripple Labs goes public, XRP it is not a security
Bullish news:
SBI, a Japanese company that has recently acquired multiple crypto exchanges in 2020 and initially invested in XRP with company SBI Ripple Asia in 2016, is interested in a crypto index that is majority XRP
SBI offers shareholders XRP as dividend payouts
SBI Ripple Asia is not being sued by the SEC
SBI Ripple Asia is very interested in using XRP as its blazing fast remittance currency, and MoneyTap (not a U.S. company) will be using it.
" Interbank transfer fees remained high in Japan and have not been changed for more than 40 years, which is unusual by international standards. "
Japan's regulatory body FSA has already declared XRP is not a security .
EURNZD - 14-18 Dec Week trade opportunities for referenceFX:EURNZD
This is a summary of the trade opportunities during this week according to my Trade Rules:
1- Momentum
2- HTF close with momentum direction
3- 1H close above / below previous candle in momentum direction
4- Targets for TP points from Week Trade Plan
Dec week 14 -18
- Previous momentum: Bearish
- Week Close: Bullish
- Range: 180 pip
- Ranging dominated the week after the bearish momentum in last week in-between 1.7080 to 1.7220 zone.
- Highlighted 2 opportunities for Short according to my rule of having Momentum and 1H close in my direction and as per my Weekly Plan. the other 3 are Long opportunities which could be traded but wasn't planed.
- Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle.
Week Trade Plan :
Actual Week:
EURNZD - Dec 07-11 Week trade planFX:EURNZD
This is my trade plan for EURNZD for next week Dec 07-11 based on HTF analysis.
Trades will be executed according to my trading rules:
1- Momentum
2- HTF close with momentum direction
3- 1H close below/above previous candle in momentum direction
4- Targets for 1H recent support/resistance
Please refer to the Daily outlook for further HTF outlook.
BTCUSD Healthy RetraceHey folks,
Pulling the Weekly BTCUSD chart today to see where we are in this pullback and breaking news... We're still bullish!
Sometimes you just need to zoom out a little bit to see the big picture. We gained an important weekly SR level when we broke the 10K level (~$9948).
Generally speaking, all important levels once broken need to be tested so we can confirm the direction of the trend.
We did a perfect pullback to the higher 9Ks. Many expected 9.6K to fill the infamous CME gap. But what is the CME gap exactly? I'm not very compelled by the "fill the gap" narrative and I see absolutely no reason for CME gaps to be filled all the time. Gaps are simply symptomatic of the limited trading periods that CME operates on while we have an asset trading 24/7. There is no fundamental reason why these gaps would need to be filled.
With that said, I'm expecting a bit of sideways from here. Drawing a fractal using the latest swing low PA shows a possible outcome. Note however that fractals are rarely repeated 100%. If BTC manages to close the weekly above $10,450 - $10,500 this should give a solid ground for bulls to step in. The next few weeks leading to the US elections will be decisive in this market on many economical and sociological levels.
Keep an eye open on the SPX and stocks market. This dump was initiated by the weakness of the traditional market after favorable employment reports came out of the US and the US Dollar started to gain strength (look at the DXY chart). We are still very much correlated to stonks so further pain in equities could tank Bitcoin price as people run for cold hard fiat money, at least temporarily. On the longer term, monetary policies are still very much bullish for high-yield assets like Gold and Bitcoin.
Patience and strong hands will be rewarded.
The weaks will be devoured.
#NRG - accumulating Only for Investor & Holders!!
NEVER GO ALL IN, ALWAYS MANAGE YOUR RISK, TRADE WITH ONLY WHAT YOU CAN LOSE!
#notfinancialadvisor
#DoYourOwnResearch
#CELR buy the dip
warned about this weekly reistance back on 21st July in telegram channel
"Anyone trying to FOMO in #CELR be careful we are about to hit weekly resistance, I will be interested in buys below 50 sat for long term.
www.tradingview.com
now the retracement looks good so will risk a Swing position!
#notfinancialadvisor
#DoYourOwnResearch
GOLD Equilibrium| Structural Resistance| Trade Set UpToday’s Technical Analysis – GOLD – trading in an equilibrium likely to retest high time frame resistance upon a break
Points to consider,
- Confirmed break and retest for validation
- Define risk at recent swing low
- Technical target at HTF resistance
- Price action to monitor
Gold needs to break its current resistance and establish a retest which will allow for a long entry.
Risk will be associated with the most recent swing low as this is a breakout trade with a quick invalidation.
The technical target is association at structural resistance, strong pivot area where price action can help with the directional bias.
Overall, in my opinion, GOLD will break out of this equilibrium; a long trade will be valid upon a bullish break with the technical target being structural resistance.
A break below support will invalidate the trade setup
What are your thoughts?
Please leave a like and comment,
And remember,
By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical.” Larry Hite.
#BTC - Weekly UpdateI am Bullish on Smaller timeframe after the current move & break of 7380 but on HTF I am still bearish until we close above .618 Fib resistance i will still try shorts
#BTC inside a rising wedge on the weekly time frame, bulls are looking strong with halving closed in, this will be interesting to watch If somehow we manage to break the WEDGE on the upside it will be EXTREMELY BULLISH!
Bitcoin - HTF View: WeeklyBecause of a lot of noise on LTF I decided to briefly overview weekly timeframe. The current chart has a daily timeframe for greater clarity.
Resistance here is a block $7000-7300, so to turn really bullish bitcoin needs to hold up above weekly resistance, purple thing on the chart.
So, I think until we close above $7300 any growth even up to 7200 can only be considered as a resistance test.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Pine Script: Live and non-repainting HTF Moving AveragesHello Everyone,
While using "Security" function for Higher Time Frames (htf) you must accept "Repainting" issue or better you must use previous day data such "security(syminfo.tickerid, 'D', close , lookahead=barmerge.lookahead_on)" that's best normally (or barmerge.lookahead_off). But the problem is (as you can see) it uses previous day data, and this causes latency.
So how to draw LIVE and NON-REPAINTING HTF moving averages?
Until the last candle of higher time frame all is fine and no repaint issue. when it came to last candle of HTF and if we use real data, (because of we can not know the future) while price is changing it starts drawing on each candle of current period without correcting old ones (this is repaint issue). it needs to calculate number of curent times frame candles for higher time frame and must change all points as in that period as you can see in the video (non-repainting one).
we have "50 lines" limitation in current Pine version. we hope to have unlimited lines in next version.
This work is completely experimetal.
btw Thanks to all Pine Platform Developers, They are doing very good job!
Enjoy!
AUD/JPY Trade Setup (High Probability)We've reached the structure high of the ascending channel (as mentioned in the previous post) and have correctively broken it on the 15min timeframe (with a rising wedge). We've now broken back into the channel but since it's the daily close, we're going to wait until the spreads calm down (which usually takes an hour or so after the daily close). I'll be entering on the close of the 1hr retrace with a 15 pip stop (just above the structure high). This is an update on the forecast that was done this afternoon.
BEAM forming nice reversal in HTF areaBeam is forming nice small time frame price action in a HTF area see here: Possible to enter here aswel
Eur Cad With interesting areaWe see a Eur cad hitting support + qm area after some nice bearish move ...
i expect a bounce to the upside (ltf entry for nicer RR or HTF entry for stressless trading)
plan B would be a break of the zone and retest from below to get in short ..
observe the candles when we hit or break area and let them tell you the story ....listen Carefully ;-)