Gold Short Term Sell IdeaH4 - Price is bouncing lower from a key resistance zone.
Bearish convergence.
Until the key resistance zone holds I expect the price to move lower further in the short term after pullbacks.
Keyresistancezone
AUDNZD Short Term Sell IdeaD1 - Price has reached a key resistance zone.
Bearish divergence.
Until this key resistance zone holds my short term view remains bearish here.
H4 - Currently it looks like the price is moving inside a small range.
Bearish divergence.
If we get a valid breakout below the strong support zone we may then consider it as a validation for the bearish view.
Dax Short Term Sell Idea From Key Resistance ZoneH4 - Price is bouncing lower from a key resistance zone.
Bearish divergence.
H1 - Bearish convergence.
Currently it looks like a pullback is happening.
Until the key resistance zone holds my short term view remains bearish here.
USDCAD - Looking To Sell PullbacksW1 - Price is bouncing lower from a key resistance zone.
No opposite signs.
H4 - Bearish convergence.
Until the key resistance zone holds I expect the price to move lower further after pullbacks.
Dax Sell IdeaH4 - Price has reached a strong resistance zone and is holding below it.
Bearish hidden divergence.
H1 - Currently it looks like a correction is happening in the form of an ABCD pattern.
Until both the key resistance zones hold my view remains bearish here.
USDCAD - Key ResistanceUSDCAD reached the key level of resistance in the daily chart. With a pin-bar or a long shadow, the candle do get me interested in shorting it.
Wait, an RSI Divergence as well?
I'M ALL IN!!!
Let see how it goes.
While we have this kind of feeling when we spotted a trading setup that meets the analysis we have done days and weeks ago, we have to remember those losses as well.
Know your stats and manage your risk well.
How much would you risk for a trade like this?
Comment down below.
GBPUSD-Weekly Market Analysis-Oct21,Wk2Having the Weekly Support level 1.3606 turns into the Key Resistance Level, GBPUSD is set for a ride down for the foreseeable future.
I'm waiting for a shorting opportunity when the market retest 1.3606. Another shorting opportunity could be the bearish trendline that went across Point A to Point C on the Emerging Bullish Deep Crab Pattern.
EURUSD-Weekly Market Analysis-Oct21,Wk2EURUSD is on a Bearish Trend, if you are looking for an aggressive shorting opportunity, you can wait for an engagement opportunity within the sell zone within with supply level at 1.1610-1.1589.
Another shorting opportunity will be within the Bearish Channel as long as it didn't break and close above the upper channel.
EURAUD Intraday Sell IdeaD1 - After the strong bullish move currently it looks like a correction is happening.
We have the first leg down followed by a correction.
Expecting the price to create the second leg to the downside.
H4 - After the strong bearish move currently it looks like a correction is happening in the form of a range.
Until the key resistance zone holds my view remains bearish here.
If the price breaks and holds below the bottom of this range we may then consider it as a validation for the bearish view and may expect the price to continue lower further.
Gold Sell Idea Update!!!In my Gold sell idea post, I mentioned that the price has reached a key resistance zone and I'm looking for another wave up that will also complete a bearish divergence on the H4 chart and then we may expect the price to move lower further.
The price action followed my analysis and moved as per the plan here. The price created one more wave up and completed the bearish divergence. The price then moved lower further and has delivered an wonderful move to the downside so far!
Original idea
ETH USDT: Buy Trade setup @ 3234Hello everyone, hope you are doing well.
Welcome to today's trade setup as a part of "Aglogains - Daily Trade Series".
On the 1H timeframe we see a double bottom being formed at a key resistance level of 3330 - 3340.
This was followed by a bullish confirmation, giving us an entry signal to the long side.
Entry - 3234
Stop-loss - 3204 (30 points)
Take profit - 3294 (60 points)
1:2 RISK TO REWARD
Will keep you posted on the progress. Happy trading.
EURCAD Sell Idea After Bearish ConvergenceH4 - Bearish trend pattern followed by double wave correction.
Bearish convergence, Uptrend line breakout.
Until the key resistance zone formed by the 50% - 61.8%, Fibonacci retracement zone holds my view remains bearish here.
Bitcoin Short Term Buy Idea Towards Key Resistance ZoneH1 - Price is bouncing higher from a strong support zone.
Bullish divergence.
Price still has room higher towards the key resistance zone formed by the 161.8% Fibonacci expansion level of the first wave and the 61.8% Fibonacci expansion level of the second wave.
Until this strong support zone holds I expect the price to move higher towards the key resistance zone.
GBPUSD Short Term ForecastD1 - The price which is moving higher has broken above the first key resistance zone formed by the 61.8% (1.28281) fibonacci expansion level of the big wave and the 100% (1.29986) fibonacci expansion level of the small wave and is holding above it.
The price still has room higher towards the next key resistance zone formed by the 100% (1.32888) fibonacci expansion level of the big wave and the 161.8% (1.34490) fibonacci expansion level of the small wave.
H4 - Until the key support zone shown in the chart holds my short term view remains bullish here.
DXY and the important days ahead!!DXY has to show who's the boss in the coming days.
From a technical standpoint we have a key resistance waiting to be tested again and a trend line waiting to continue it's way up. Who wins the clash? can't tell!
Apart from the chart we have some important news considering Dollar in Thursday. The "Fed Speech" and the "Jackson Hole Symposium" which can impact the market noticeably.
EURUSD Short Term ForecastD1 - Price still has room higher towards the key resistance zone.
There are no evidences that show the current trend is over yet. Expecting further continuation higher in the short term.
H1 - Until the key support zone shown in the chart holds, I expect the price to continue higher further in the short term.
Invalidation - If we get a valid breakout below this key support zone then this short term bullish view will be invalidated.
NASDAQ ForecastD1 - Price has reached a key resistance zone formed by the 261.8% (11191.7) fibonacci expansion level of the first wave and the 161.8% (10995.4) fibonacci expansion level of the second wave. Bearish divergence.
Expecting corrections to happen now.
H4 - Bearish convergence. Currently, it looks like a pullback is happening.
H1 - Bearish trend pattern.
Expecting further continuation lower after pullbacks.
EURJPY ForecastD1 - Price has reached a key resistance zone formed by the 61.8% (125.475) fibonacci expansion level of the first wave and the 125 psychological area. Bearish divergence.
H4 - Price is currently moving inside a wedge pattern. Bearish divergence.
Expecting further continuation lower after a valid breakout below this wedge pattern.
GBPUSD ForecastD1 - Price broke above the first key resistance zone formed by the 61.8% (1.28281) fibonacci expansion level of the big wave and the 100% (1.29986) fibonacci expansion level of the small wave and is holding above it.
Price still has room higher towards the next key resistance zone formed by the 100% (1.32888) fibonacci expansion level of the big wave and the 161.8% (1.34490) fibonacci expansion level of the small wave.
There are no evidences that show the current trend is over yet.
H1 - Double wave down with bullish divergence.
Price has broken above the most recent downtrend line.
Expecting further continuation higher.
EURUSD Short Term ForecastD1 - We have a key resistance zone that has formed based on the 1.618 (1.15575) Fibonacci expansion level of the first wave and the 61.8%(1.16003) Fibonacci expansion level of the second wave.
The price is developing a big 5 leg structure and we are currently inside the 5th wave.
The price is currently breaking above the last swing high and it still has room higher towards the key resistance zone.
H4 - There is no evidence that shows the trend is over here.
Expecting the price to push higher towards the daily key resistance zone.
NZDCAD ForecastD1 - The price which is moving higher has reached a key resistance zone formed by the 100% fibonacci expansion level of the first wave at 0.89197 and 0.89 psychological level, bearish divergence.
H4 - Bearish divergence.
H1 - Bearish divergence followed by a bearish trend pattern in the form of three lower highs, lower lows.
Expecting further continuation lower after pullbacks.
Silver Short Term ForecastD1 - The price which is moving higher has currently reached a key resistance zone formed by the 100%(18.788) fibonacci expansion level of the first wave and the 61.8%(19.380) fibonacci expansion level of the second wave.
Until this key resistance zone holds I expect corrections to happen here.
H4 - Price has created two false breaks with bearish divergence.
If we get a valid breakout below the low at 18.850, we may then expect further continuation lower in the short term.
Gold Short Term ForecastH4 - We have a key resistance zone that has formed by the 100% (1778.34) fibonacci expansion level of the first wave and the 61.8% (1794.43) fibonacci expansion level of the second wave.
The price which was moving higher reached this key resistance zone, respected it and is currently holding below it. Bearish divergence.
H1 - We had the first leg to the downside and currently, it looks like a correction is happening in the form of an ABCD pattern.
Expecting further continuation lower after a valid breakout below the most recent uptrend line.
Note: We have Non Form Payroll news release today, please pay attention to that.
