EURUSD Bearish Trend Continues / Top Down AnalysisEURUSD has been trading bearish for a while now I expect the downtrend market to continue. We have two possible counts but in the same direction which is a zigzag correction pattern or an impulse move for the wave 5 completion meaning we can still see a deeper pullback prior to that.
Impulse
USDCHF Bear Market ContinuesUSDCHF Had a recent major sell-off not so long ago, chances are the bear market will continue to occur. The current move is a potential impulse move although we have to see wave 4-5 unfold and afterwards we will see a bigger A-B-C zig-zag correction pattern before the market rallies again.
To be fair on the higher timeframe we are bullish but we will have periods of pullbacks.
END OF CORRECTIONWEEKLY OUTLOOK ON BTC
Bitcoin is currently about to end correction move...
We are also seeing Breakout and retest of the channel...
But 12K might be test before starting the Impulse phase of this market ...
This is just analysis ...
Comment are highly welcome ...
Let me know your views on this ...
Thanks..
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EURUSD I It will correct downward from resistance zone Welcome back! Let me know your thoughts in the comments!
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GBPUSD - SHORTConsider the formation of South Impulse from Major Resistance Level. Sell on a false breakout! The target is Major Support Level.
GBPUSD - SHORT
ENTRY PRICE - 1.14700
SL - 1.16600
TP - 1.08400
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GBPAUD - Fibo levels & Fake breakoutHere we explain further an analysis we dropped yesterday on GBPAUD.
We said that the pair is showing bearish behavior and mentioned that it should go further down to buyers liquidity level, however the pair rebounded upward shortly after. We immediately updated that it was a mere correction and this video explains how and why.
We hope you find this useful.
Love, Lacasafxfamily
GBPJPY Analysis Ahead of CPI Inflation ReportWelcome back! Let me know your thoughts in the comments!
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CADJPY Impulse Correction ContinuationWelcome back! Let me know your thoughts in the comments!
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MDX - Fair Value Gap TakenI covered this in my recent YT video that we had a fair value gap in the yellow box area.
Price (especially short squeezes) tend to fill this gaps sooner or later.
I had also marked out those key levels to look out for as targets (dotted lines).
Mdex smashed both of them with hast, filling the FVG now.
Is this the start to a real trend? (I wouldn't be longing here).
GBPJPY ImpulsesI have been tracking the impulses of GBPJPY.
In the past 10 days, the average impulse in around 367pips. of course, that is b/c a couple really big plays without it the average comes to around 260-300. I've noticed that GBPJPY impulses at the end of a consolidation periods. Capturing such a move would be a nice add to the trading account. I can see why GBPJPY can help you build up account, as well as Blow your account quickly, if you do not have your S/Ls set. GBPJPY has a tendency to sweep the S/L's and reclaim its position, very quickly.
Also, Using RSI on this chart hasn't worked recently. seems to go the opposite way.
I will continue to track impulses while watching if volume reveals anything to help encourage the impulses.
Hope you enjoy!
USDCAD Is Looking Higher Within A Five-Wave ImpulseUSDCAD is breaking higher, now making some extended upward move which is acting like an impulse because of an extended and sharp move up from 1.3. As such, we think this can be impulse wave 3 where pair can slow down for a corrective pullback into wave four. Ideally that upcoming wave four will then stop and stabilize at the upper line of a base channel.
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VET/BTC Expanding Triangle Clamping the price before the impulseLocal trend. Time frame 1 day. Expanding triangle.
Coinmarketcap: VeChain
Price squeeze during “market doubt”.
A zone of price squeezing in a narrow range at the moment of uncertainty (doubt) of the market in general.
Clamped by large orders in the required buy/sell range on liquid exchanges. The range is spammed with orders, basically a bot is triggered to make the trades visible and to “protect” the large orders (so as not to “grizzly”, but if they gnaw—"go down steam"). Small exchanges themselves will “pull up” in price over time.
It works the same way (first of all) in pairs also to dollar, but the step is bigger (it is more difficult to hold a range). In pairs to bitcoin, it's easier to do due to smaller % of step (crypto price). The lower the price in satoshi, the more effective step clamping (range holding) is done.
Unfortunately, here on the site it is impossible to show the order stack, it would be more obvious, the chart is a consequence, not the root cause.
The meaning of the action—before a strong impulse up/down price movement, does not matter. You, unlike hamsters (those who are constantly losing money) cannot know exactly in which direction the market will locally go. The impulse (exit) is made under the general market trend (direction of movement). There are exceptions, but it is more about low liquid altcoins during the so-called “market window” (it is now). It helps a lot to move the price impulsively at such moments (decoupling):
1) stops (“market fuel”)
2) scalpers of course
3) oppositely tuned (in most cases, but not always) crowd (the main market participants) at the moment, that is the cloned behavior of people.
This is what the expanding triangle area looks like on a line chart.
This is what this "price squeeze" looks like locally.
On a linear to understand the without the "market noise".
The graph is a consequence of the sense of action in the glass.
GBPCAD New rising trend line +300 pips Welcome back! Let me know your thoughts in the comments!
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EURGBP Impulse Correction ContinuationWelcome back! Let me know your thoughts in the comments!
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NIFTY 50, WAVES- REUPDATED!!in my previuos analysis of nifty50 waves(i will mention the link), i had drawn the waves which existed with the 2 major black line(drawn out in chart), i had thought nifty 50 will complete its 5 wave bull run impulsve movement, in that trend itself. but due to the affect of US markets, nifty is fluctuating(same acts for NIFTYIT too), so it will now hold that support(drawn in black line), which is drawn from the markets getting consolidating, after the 2020's bull run. and end up in same trend line which was going previously.
today(23rd sept), when the markets opened which gave a breakdown to my analysis, i had drawn out the purple line, and today the same days when markets got closed, supporting my line, i am confirmed now with my waves.
therefore this analysis even says that US markets will also recover very soon, and will give its bull run.