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XRPUSD - Bearish flag //Key Levels + Bearish Flag + Long Term\\Hello, great to see You here!
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XRPUSD has formed a bearish flag, broke through, and makes a bearish movement. It's like in a book of patterns, a beautiful strong move down, bearish flag, and more of a downward movement. Also, XRP is close to the key level - which is also a resistance. If We break through the resistance level, then resistance becomes a support, and We could retest the level. After that, possible downward movement till the next level, which is @0.17465. If this scenario does happen and We reach the 0.17465 level, it would be a good place to buy XRP (a nice gift for yourself). XRP in long term could pay off very nicely. XRP still needs time, it has been already tested in one of the biggest banks in Spain - Santander (between staff members, aprox. - 7 thousand employes) as a pilot program. Personally bought XRP at 0.14 cents per XRP.
The second scenario - We could have a bounce off the resistance level and form a bullish trend. That would be a good scenario for XRP holders, always nice to see green numbers, but patience is the key!
Remember to use money, You can afford to lose!
I am not a "Financial advisor", so before doing something, do Your own research!
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SHORT GBP/AUD.SHORT GBP/AUD, IF*** there is a clear rejection around the current area. The market reached the 38,20% level of the fibonacci taken on the daily timeframe and also reached the 1,78000 key level (psychological level) and seems to be rejecting both of these levels. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
LONG GBP/NZD.LONG GBP/NZD, ***IF there is a clear rejection around the current level. The market reached the 1,91500 monthly key level (psychological level), it is also on a the bottom of a uptrend channel dated from October 3 2016 and the market is starting to be oversold (seen on the RSI). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
QQQ retests trendlineAs seen in both the RSI and price chart, the Nasdaq is retesting the resistance line it just crossed (last week’s support line. If it crosses back above it, the bulls still have control. I think this is possible because it the RSI is bouncing off of its second support line. If QQQ fails to cross the line, however, and instead hits the roof and falls, it will cement the top resistance line (last week’s support line) as a solid trend line. As such, expect it to fall and test the next horizontal support line. If this is the case, it will enter a very broad megaphone pattern, marked with equal lows and higher highs. This will come with high volatility in the QQQ. As of right now I’m neutral, but watch the the key price level of 280. A cross above it is bullish, a failed breakout is semi- bearish. Also worth mentioning, the QQQ is rallying on lower volume today, compared to the last few days, meaning a large rise in selling volume could easily erase the rally.
LONG GBP/AUD.LONG GBP/AUD, ***IF there is a clear rejection at the current area, wich is on the 1,79500 weekly key level (psychological level) and it is also on the 61,80% level of the fibonacci taken on the monthly timeframe. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
SHORT EUR/GBP.SHORT EUR/GBP , ***IF there is a clear rejection at the current level, wich is on the 61,80% level of the fibonacci, it is on the 0,90000 weeekly key level (psychological level) and it is also on a trendline dated from May 13 2020. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
GOLD Clean ViewGold looks still very weak to break 1912 key level, it has to find the right liquidity needed to break thru that level. Mulitiple wicks on 1912. Trendline has been touched one more time and probablly will hold. On daily TF, not a single body candle has engulfed previous wicks. Personally expecting gold to push up through at least two previous Lower Highs and prolly form a double top before finding the right momentum to break 1912 key level and the significant trendline to look for Higher Lows to be formed on larger Time Frames.
OIL STRUCTURE ANALYSIS| KEY LEVELS
USOIL BROKE THE CHANNEL AND IS NOW LOOKING TO TEST THE SUPPORT LEVELS. LONG AT EACH SUPPORT LEVEL.
0- Even the hurricane and the good jobs numbers did not help the price.Stronger dollar is pushing oil down.
1- Channel broken>>> downward push
2- We will see support levels tested
3- Long from each support, at least for pullback
4-IF price reaches support 3= strong buy! Swing long!
LIKE & SUBSCRIBE= GOOD VIBES FOR U!
SHORT GBP/AUD.SHORT GBP/AUD, ***IF, there is a clear rejection around the current level, wich is on a key level and on the 61,80% level of the fibonacci. The market reached this fibonacci level and seems to be rejecting it. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
AUDCAD - Potential Long OpportunityAUDCAD - Potential Long Opportunity
After last week's AUD strength we have broken through a significant level that price has been interacting with in the past. This bullish move that occurred will more than likely see a pullback, potentially when price creates the swing high you can also look to draw fibonacci from the impulse, to the peak of the move, as further confluence. You can see the ascending trend line is adding further confluence as it lines up with key market structure. Once price returns to the level the 50EMA should be closer to current market price, potentially acting as a dynamic level of support.
If price returns to the zone (key level + trendline), look for rejection in the form of a bullish candlestick pattern, reversal pattern, or if we see many rejection wicks at this zone. If we don't see rejection, or buyers coming into the market, there is no trade.
Important to react to price action and not predict.
MC-DONALDS KEY LEVEL| BREAKOUT| TRADING PLAN|
X MCD is trading in an upward channel
X Smaller channel is guiding the price now
X Faces key level resistance
X Wait for breakout>
X IF breakout higher>> long till red resistance
X IF breakout of the small upward channel downwards>> short till green support
X General trend still bullish till the big channel gets broken
LIKE + SUBSCRIBE= LUCK IN YOUR TRADES!