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A reversal pattern appeared at an important zone with OILH4 time frame. Structure: Downtrend. After the price rose to the important Key level of 70.00, there is now a head and shoulders - reversal pattern. Now waiting for the price to clearly break this reversal pattern or break the Key level up move at the price of 67.000, we can find selling opportunities. The profit target is the 62.000 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
TVC:USOIL
by tradafx
6
Divergence appears with EURGBPH4 time frame. Structure: Downtrend. The price rallied to the 61.80 Fibonacci resistance zone of ​​the previous downtrend. Divergence signal appeared and Key level at 0.85600. Wait for the price to break the Key level and confirm the downtrend, then you can look for selling opportunities with EURGBP. The profit target is the 0.84500 support zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx
Waiting for a buying opportunity with EURUSDH8 time frame. Structure: The downtrend has been broken, Key level at 1.19000 has been broken. However, this strong bullish move has not yet confirmed the uptrend on the 8-hour timeframe. Wait for a retracement and confirmation of the uptrend to be able to enter a buy with EURUSD. After the price has confirmed bullish, the next move target is 1.22000. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
2
Wait for the price to retrace and confirm the uptrend NZDUSDDaily timeframe. The price broke the medium-term downtrend structure. The bearish structure appeared divergence and the price broke Key level 0.71000. Waiting for a retracement to the 61.8 Fibonacci zone of the up move could be done to look for buy setups on smaller timeframes. The profit target is the price zone of ​​0.73000 when the price has signaled to confirm the uptrend. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
2
BTC approaches importance key priceH4 time frame. Structure: Uptrend. The upside momentum is waning as the price approaches the critical resistance at 50000. In the bullish case, a clear move, as well as important confirmation, is needed to avoid a false breakout as the current bullish momentum is very weak. There is a high probability that the price will continue to move the Sideway between 46000 and 49000. Here wait for the sell signals down to the 46000 support until there is a clear breakout and confirmation. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
COINBASE:BTCUSD
by tradafx
Wait for confirmation signals and trading opportunities with BTCH1 time frame. The price has consecutive low highs and lows confirming the downtrend. However, the price is still holding firmly in the sideway from 46400 to 49400. The 46400 price area is critical support. Here, waiting for a bullish signal again, price can move towards the target of 49400. In case the falling price breaks this support level, it is necessary to wait for more confirmation that there is a mid-term downtrend. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
COINBASE:BTCUSDLong
by tradafx
Wait for the price to retest and appear a sell setup with BTCH1 time frame. After an upward move through the key level of a short-term downtrend on the 1-hour timeframe, the price did not get bullish confirmation. Instead, there was a false breakout and strong down at resistance 49400. There is now confirmation of the downtrend returning after this down move. It is highly likely that the price is moving sideways in the 49400-46400 range. Wait for the confirmation price to be higher than 48200 and set up a sell order. The profit target is the old support zone at 46400. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
COINBASE:BTCUSDShort
by tradafx
3
Wait for the price to retest and appear a sell signal with USDJPH1 time frame. After a strong bearish move from 110.800 to 109.100, the price formed a red ABC pattern (Simple Flat). Top A and C form resistance at the 61.8% Fibonacci retracement of this down move. With the last bullish move of this pattern, a blue ABC divergence appeared. The current price has broken the Key level and is waiting for a retest, confirmation signal to enter a sell order. The profit target is the 109.100 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx
Wait for the price to retest and appear a sell signal with BTCTimeframe: H1 Downtrend was confirmed in H1 After price had broke key level in H1, retraced to Fib 61.8 at 49400. At the same time, price broke above a down trendline and continued a strong move following downtrend. In here, you can wait for a consolidation pattern after retest to short BTC. Target at 44000 - old support. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
COINBASE:BTCUSDShort
by tradafx
Wait for sell signals after price retest with BTCUSDH1 time frame. Structure: The downtrend has been confirmed. Price broke the Key level after the divergence signal. Wait for the price to retest the downtrend line, it will likely test at the 48800-49000 area, and then appear a sell signal, then you can enter the order. Profit target with short-term sell order is 47200 and 44000. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
COINBASE:BTCUSDShort
by tradafx
Ripple (XRP) Daily Timeframe analysis (2 Interesting Buy Areas)With the continuing bullish sentiment in the crypto environment, I think a new cryptocurrency analysis is rightly justified and interesting. And what other crypto to analyse than one of the biggest winners in the 2018 bull run, but lesser so in the 2021 bull run, sparking questions and thoughts about the future of the crypto. It is, however, needed to say the XRP also definitely did not lose in 2021, other than some other cryptos from 2018, XRP is still in the top 10. I made a quick analysis using 4 different EMA's, trendlines, key levels and one fibonacci retracement. I located two interesting buy boxes to look out for in the coming future. The upper one should be seen as a buy and hold area from a good price point, this is mostly based on the 382 fib point and the key level surrounding it. You could expect some drawdown with this position, but that is why it is buy and hold (long term). The lower green box can be used for the same purpose, but would also be a very good daytrade with a lot of confluences coming together at one point. 3 Trendlines, 1 EMA and the 50 fib level create a new area from where you could enter a long position. All boxes are valid untill the price is passed them timewise. Always trade with your own plan added!
Long
by CilinixFXCapital