SOLUSDT (Solana) - TA UpdatePrice is currently testing $215. Will we respect this descending structure or will bulls regain control and break to the upside?
Keyarea
USOIL Sudden rise after the supportHello traders!
Currently, USOIL is retracing back from the key area. But I don't think it will drop from there because it's original target is 61.75.
Below this, there is an important support at 50$ and I am expecting a sudden rise from there to 61.75.
61.75 is the point where people can look for the sell.
USOIL is the only pair who give an exact point of target many weeks ago.
GBP/CHF Short Another pair that I had on watch last week and that I mentioned in my free weekly outlook.
This pair gave a nice bearish close on Friday at a major key area on the chart. I am now short this pair and expect it to retrace back down to the lows. As before, I will lock in at break even at my alert, and ill be closing out some of my profits on the way down.
If you want to learn more, please follow me on here or on Instagram @saxonpooley. I produce free weekly outlooks every weekend, where I break down key areas on a pairs I am watching.
I also teach people how to trade so if you are keen to learn, feel free drop me a message!
Saxon
GBPAUD - BEARISHcould we see something like this play on GBPAUD for next week? a Break of the psychological key area of 1.93000 will indicate a strong bearish move to the downside.
KEY is about to make 50 %As many of the coins have fallen down, KEY is one of the coin which made -91 % from ATH. As always, it needed a correction and when we think of crypto, these percents are quite normal. In October 2018, it had more than 40k BTC volume in 24 hours. And this why we are just waiting for the next bull run from KEY.
As you can see in the picture, the green zone is apparently the buy zone, the red zone is the resistance zone and the yellow zone is the neutral zone.
You can trade it now but put SL at 63 (around 23 % down - not recommended). The best you can do is to wait for the buy zone (70 - 66 and SL 63 - down around 10 %) or to wait for breaking the resistance line and trade it.
The targets are:
1) 95
2) 120
3) 165
SL: 63
CadJpyA short trade on CadJpy. Price has been sold of on Daily time frame and as we can see price has then retraced into the 0.5 Fibonacci area. This is also a key zone for the pair and is acting as good resistance. I can see the next downside target and price action around 80.000.
AUDCAD - Idea - Key important level to watchInteresting key level and area to watch. There is an important support & resistance at 0.9875 since 90´s. In addition this area has been decision zone since early 2016. Downtrend line is active also. If it confirms below 0.9875 price could retest 0.9790 and keep going to 0.9655.
Otherwise price could retest trendline and 1.0033 (short-term range).
USDCAD Trend Continuation LONGDXY Long and picking CAD;
PT: 1.3490 (2.6R/R pt)
Entry: 1.3235
SL: 1.3135 (100pips=1R/R)
AUDUSD Outlook on the Daily 25/12/16Firstly Happy Christmas where ever you are hope you are with loved ones and having a merry time.
As all the Excitement is over now a bit of time to do some Tekkers.
So one of my Goals for the coming year is to really get my tekkers on point and be a lot more methodical in my approach.
We have seen this pair in a very bearish trend for the last few months. Looking at my Key Levels we have come down into a weekly level, this also lines up with the 1.27 level on the Fib Extension and also the 1.618 area of a fib inversion. RSI is down in the oversold area, another sign that this pair could be due a pull back.
Where could the pair move?
WE have had the X to A, A to B and B to C moves of a possible cypher, D Completion would put us up at the 0.76453 level which has acted as a previous level of resistance on the Daily.
If we look at a Fib retracement on the overall move the 382 and 618 levels fall at lots of previous structure.
One to watch on the lower time frames for entries and short term targets.
ETH possible behaviourEthereum playing at key levels, under 0.01 btc for first time in +10 months.
Green dot lines: remaining support levels
Red dot lines: resistances level
Grey/black lines: fractals of past behaviour of price in similar situations.
Green straight line: All Time High
Red straight line: All Time Low
MACD looking bearish again, it failed (though it tried it) to show a bull signal.
RSI about to reach oversold zone, could be a reversal signal, but we know FOMO in crypto triggers when we are at oversold/bought areas.
EMA and MA looking bearish, EMA since last 5-6 weeks, and MA for 1 week. MA is mostly bearish since July, though it tried to reverse it 2 weeks ago and finally failed 1 week ago.
Current trade:
Target 1: 0.009 -- 40% of initial position
Target 2: 0.0067 -- 60% of initial position
base price 0.0102
Mostly waiting for the perfect set-up. This is a small trade if i compare it with my xmr trade and my btc trade. Will go bigger into this trade if eth, against my expectations, goes up enough.
If eth bounces back up to 0.0156-0.0158 area i'm opening a relatively big short.
If 0.0235 is reached, i'm all-in short.
Natural Gas: 2.60 is a key area.The dynamic support, has arisen from the lows reached by the prices in March, sees right now testing its trendline.
Although it seems to have been a breakout, it is important to follow developments in this area.
The intersection of both levels should prompt us to monitor the market with extreme attention, precisely because of this area could have important counter bullish, or confirmation of a breakout down.
Nasdaq: Trump brings the index downAmerican are still ongoing presidential, but judging from those that are temporary results Trump appears to be in the lead.
The US stock markets price the news with breakout of important levels of short-term support.
Analyzing the NASDAQ, we can witness the breaking of the support area in 4680-4700, an important area for the mid-term trading and the maximum year 2015.
The price also goes to cut the moving average 100 periods, providing a good indication of bearish strength.
If the price action were to continue as we have seen so far, the chances of seeing new descents should be to consolidate, and the 4,700 area would represent an excellent opportunity for the input of new sellers.
AUD/USD: key area at 0.7700 before US presidentialThe AUD/USD shows clearly what are the key areas to be monitored. In previous octaves we saw resistance at 0.7700 always reject prices force. Despite all ,the market continues to be purchased every time prices from attempting a new descent, going to bounce on the long-term dynamic support.
It is important to watch what will happen with the US elections, as a strong depreciation of the US dollar could lead the Australian dollar to make the breakout of 0.7700. The exponential moving average at 100 periods provides additional detail the importance of this price zone.
Should the price go below 0,75.500 / 0,75,00, we would have high possibility of strong bearish movements.
Silver ready for next moveLooking for next directional tell as Silver sits in the pocket ready to bounce or continue the down trend.
Price close to a key area and long-term supportPrice movements in the Australian dollar showed important signals.
We are facing a major area of resistance and a long-term dynamic support.
The breakout of one of these levels would lead to important signals for our future operability. Follow closely what will happen in this price compression.
EUR/GBP Short Below Key 5-Year Price Resistance Level at 0.85056Short below multi-year key resistance level on Daily bearish price action. Potential Long-Term carry trade opportunity.
Measured move objective (ABCD) coming in at major supportSteadily gaining since the end of last year, this pair has recently broken through a key resistance level around 0.79000 after putting in a daily breakout pattern.
The swings on the 4 hour chart are very harmonic and even in size. They are increasing in time though. If we get a weak pullback into the zone around 0.79000 which lines up with the measured move objective for the pullback I am looking to go long with my first target around 0.80000 even and second target at 0.80800.
Long on GBP/AUD BUY BUY BUY !!!!Reasons for
-As you can see we have Lower highs and lower lows
-This shows us a clear down trend on the daily Timeframe
-We have bounced from our key level at 2.00000 and have found some bullish momentum
-As you can see we also have our trend line underneath Price
-So essentially we are still up trending on the higher timeframes
-The past day put in a long wick to the downside confirming the rejection at 2.00000
My entry 2.01845
AUDUSD SHORTTHE MAIN AREA WE ARE FOCUSING ON IS THE RED CIRCLE AREA, COULD BE BEFORE COULD BE AFTER
-ABC AND D STRUCTURE POTENTIALLY IN PLAY
-THIS LINES UP PERFECTLY WITH MAJOR MONTHLY SUPPORT
-FIB 0.618 RETRACEMENT
-TARGETS WILL BE FIB LEVELS
GBPUSD BREAK OR BOUCE AT THIS KEY AREATHIS AREA IS MY MAIN FOCUS HERE
-STRUCTURE TRADE I WILL BE WATCHING PA CLOSELY
-POTENITIAL REVERSAL ZONE FOR MORE DOWNSIDE
OR MAYBE A RETRACE
-BUT BEAR IN MINE WE HAVE HAD A MASSIVE BEARISH MOVE
-THIS COULD ME MORE DOWNSIDE OR TIME FOR A RETRACE
EUEJPY LONGRight now we can see that the price has hit a key support level. I predict this will be the start of a bullish trend.
USD/CHF Approaching Key AreaThe chart shows the weekly chart of the USD/CHF currency pair, you can see that prices are sitting right below a very key area of 1.00. Prices have respected this area on the chart before and I am fully expecting the prices to respect this area again.
if you zoom out this chart you will see a downtrend that has been in control of the market for a long time now. This is looking ripe for prices to hit the 1.00 area and then shoot down. We will see what happens but I am expecting prices to fall here in the near future.
