GBP/JPY - SIMPLE Structure on the 4HR🎁Here we have very simple structure for GJ.
Key levels drawn. A channel has been identified. We are in a clear uptrend in this market.
However, we are expecting a JPY reversal in the near future, so we can look for technical indications about when this reversal may occur, then see if the fundamentals are also pointing in the same direction.
Level
TRX (WAIT FOR CONFIRMATION PLEASE)Hello.😃
I am looking to gain support here at current point after we have possibly bounced off of our blue trend line once again. Alternative is that we fall down most likely to the red line on chart (IMO.) This is a short technical approach analysis thank you.
BTC dominance in the market is sitting at 41% today, this is very low. This means that money is moving out of BTC but not out of the market. TRX and BTC are very correlational so let's wait before investing in either of these in my opinion.
This analysis is for reference in the event that we turn bull market.
I would definitely not place a buy order until we see price action hovering more in the 0.136 zone and gaining some support there.
Next couple hours is really moment of truth for TRX and BTC let's be patient with this!
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Jazerbay
CHF/JPY - Bulls to Continue or Reversal on the Cards?🧐CJ has been very bullish recently.
We've been in a risk off environment, USD and JPY hit with a poor economic and fundamental outlook. Traders are flocking to the CHF as an alternative safe haven.
Price is currently residing at the 121 whole level. We have seen some initial rejection with sell orders being triggered.
Will we see a turn in price this week or bullish CHF to continue?
NZD/JPY - Simple Market Structure on the 4HRBring up a chart! Identify the trend, using trendlines as above to highlight a channel can be useful with this.
Then, identify levels in which price has gravitated towards and bounced from on a consistent basis. You can see three of these key levels in the chart above!
This is simple market structure and can really help you with chart analysis.
Are we expecting a reversal on this pair?
If so, lets wait for some hawkish fundamentals from the BOJ!
Klaytn/USDT - Simmering, about to blow?!Not one of the more talked about coins - but here's some analysis
We've seen this coin continue to simmer after a breakout of this descending channel. What we're looking for is a break above this highlighted level, potential pullback before a confirmation entry to the upside!
Disclaimer: Be very careful with crypto investments. Only risk what you can afford to lose.
EUR/AUD - Two Short Term Price PathsHere we can see simple structure for EA, with two potential price paths for the pair based off this 4HR key level.
Price broke a long term descending trendline and since bulls have recovered bringing price higher. We are long term bullish on the Euro and awaiting fundamental confirmation before a strong bullish move.
However, for the time being it's possible sellers are sitting at our key level.
Watch this pair closely!
GBP/NZD - Short Position AnalysisThis pair has fallen around 220 pips since an initial entry was identified.
Price broke this ascending trendline, retraced to a key level in price on the LTF coinciding with trendline rejection with wicks forming to the upside.
Zoom out and you'll see GN is at the top of the range and through cross analysis you can identify that this currency pair is strength vs strength.
Any questions feel free to drop me a private message.
USD/CHF - Price at Key SupportWe've seen UCHF pull back recently. Price currently residing at a key level of support where price has bounced off previously. We have seen bulls sitting at this level.
Will price make its way back up to our middle key level following our price path?
For more information on forex, just drop me a message!
$DOGE Triangle PamPHey boiz
After $DOGE got rejected yesterday at 0.0666 as planned, now paints such nice cup there. Maybe for pamp. But take care becaus it might not be the very lowest of risk right here. And do not forget to only do good with some DOGE profits when having some nice tradings.
Good luck #doggonacci
CAD/JPY - Double Top and Reversal Potential?We can see price has been respecting this trendline. Price is pushing to previous highs. It'll be interesting to see what price does at this level. Will we see bears enter the market and price test the ascending channel, possible break and reversal to the downside. Also marked are potential key levels in the market that price may respect either as support or resistance.
GOLD Important Resistance Cluster Ahead! Sell!
Hello,Traders!
GOLD has now broken a minor resistance level
And is going up for now
But the most important resistance level is ahead
So far I am bearish biased
And I think Gold will bounce off this level
And we will see a pullback to retest the support
But if you are bullish biased don't buy BEFORE the BREAKOUT
Sell!
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