DXY (US-DOLLAR) playing GAMES! Good momen tum coming soon? Hey tradomaniacs,
looking at DXY we can clearly see how the market does not know what to do.
It`s kinda hard to say where majors go as long as DXY (US-DOLLAR-BASKET) is playing these games.
After three attempts to break through the resistance while SPX500 has shown a fakeout below a Key-Support-Level yesterday DXY continues to consolidate in a range.
I`m carefully watching the current market-depth but its just an random up and down.
A break into any direction will probably cause good momentums to catch.
Stimulus seems to be impossible ahead the election so a break to the upside could be likely.
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Peace and good trades
Irasor
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Levelsandzones
Correction of OilWhat can we see? Divergence of Rsi on long period of time, because of it i think we have buyers weakness.
+ The price is at the local resistance level, now
Try to short it with short stop-orders.
Deal:
Short: $42,35
Stop: $43,60
Take: $36,10
Risk|Profit: 1|5
Good luck have Fun!
UPL Limited view from 2 June 2020UPL is in a upward channel ... in the resistance zone also consolidating .. possible both scenario upward breakout
or back to support level ( indicated in red line) buy only if candles closes above the channel middle line..
scenario 1:
consolidate for some time in red zone ... goes towards the last support line to test the level and also to increase the buying pressure
scenario 2 :
continue the channel aggressively by going upwards
scenario 3 :
not able to hold in the red zone and falls.
XAU/USD Weekly ReportXAU/USD currently stops its uptrend by not creating the new HH in the previous structure.
However, it is creating a new HH in a new formation.
In recent days, the price kept consolidating among the supply and demand zone as shown.
Now we're looking for a retest to 1747.85 and a down to 1657.5.
Or breakout to 1781.64 and have consolidation in that major supply zone. Waiting for a further breakout the 1884.62
Good Luck everyone!
FX_IDC:XAUUSD
Bitcoin Levels April 2020Bitcoin is currently standing between the weekly open and monthly open levels. Quick analysis of the levels anticipates the following levels:
March Open - 8523
April Open - 6412
Weekly Open (20 Apr '20) - 7121
Yearly Open - 7195
BINANCE:BTCUSDT
In case of a candle close above 7450 - 7500 it is quite certain to expect the next zone at 7600 - 8100 to act as resistance.
With 17 days before the halvening on the Bitcoin block reward, we might expect volatility on both sides.
Let's see how we progress.
Eyes on the prize!
Euraud short idea I am keeping a close watch on the 1.82550 level on Euraud if i isn’t able to break beyond that level we will see a nice push to the downside I am keeping a close watch on this pair which can give a good Risk to reward position for a short 1.75550 will be a good area to eye for take profits. Let’s sit on the sidelines and watch this pair close this week
BITCOIN Heavy traffic aheadCOINBASE:BTCUSD
now is just about zones ahead to break. We have a confirmed bullish trend after the strong support breakout, so it should remain bullish for a bit. The only thing is the great amount of liquidity levels ahead from the previous structure, look at the chart and look at the history (daily and weekly timeframe) and see how it repeats itself.
I do not predict, I have a bias based on what I see on the chart and right now is bullish!!!
USDCAD at a strong resistance, teacup pattern completed.FX:USDCAD
let's take a look at the USDCAD here, about a month ago it was at the very same level, and after NFP and Bank of Canada interest rates news hit, it came down a lot of pips, not because of the news (I do not follow or trade the news) but because of a bearish structure and facing a strong resistance. Today we have the same resistance holding, teacup pattern formed and completed in the short term, news hitter today BUT big wick showing bullish rejection.
at this point I would like to see a break and retest of this level before looking for a buy setup. otherwise I'm selling it like crazy.
I will post updates with lower timeframes scenarios, so you can keep up with it.
LG
Most important levels for BTC and how you can mark them yourselfCurrent Year view BITMEX:XBTUSD
Marked more important levels.
Yearly open YO
Yearly low YL
Monthly open MO
Monthly high MH
Monthly low ML
Weekly open WO
Weekly low WL
weekly high WH
Green if above YO MO WO
Red if below opens.
I'll update this post all months!
You can see these levels in you chart with this script:
EURUSD D/240 gartley idea Analysis on EURUSD D/240 potentially forming a gartley
Currently @ resistance level/area between 1.1185 and 1.1200.
Long after pullback into support level/area between 1.1110 and 1.1130.
Potentially forming a textbook short gartley pattern with point D/killzone @ 1.1300
Trade at own risk!
Breakout opportunity on WTICOUSDA breakout opportunity is forming on the WTICOUSD.
The pair has seen a rather significant upmove earlier this year from around 40 to about 65. Since the spring it has been consolidating between mid 60s and the low 50s.
The price is now squeezing and the indicators we use, all confirm that a new opportunity is forming.
Remember to be patient and always check confirmation from the indicators!
GBPUSD : POTENTIAL PROJECTION BEFORE UK ELECTIONLooking at the Monthly cycle is there potential for a high to be created before the upcoming election ?
If the conservatives retain their lead at the polls and the Brexit Party refrain from contesting every seat, we could well see a cycle high form at previous structure level around 1.4200 towards the end of November.
Breakout opportunity on BTCUSDA breakout opportunity is forming on the BTCUSD.
The pair has seen a big upmove since earlier this year. More recently it has been consolidating between the high 13000s and the low 9000s.
Currently, the price is squeezing and the indicators we use, all confirm that a new great opportunity is coming.
Remember to be patient and always check confirmation from the indicators!
AZN - False breakdownstop loss it is clear where to put.
and then we will look at the development of the position.
Here is my past forecast worked out.