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Apple to EXPLODE or TANK after earningsLooking at Apple's chart on the hourly.. I believe we are going to grind higher heading into earnings and after earnings. I have drawn 2 channels with the blue channel being the more "macro channel" and the white channel being within the blue channel and that is what we are in right now. I am looking for a breakout of the white channel and to extend higher to HKEX:180 and more.... I will be cautious if we fall out of both of these channels because if that is to happen.. don't count it out.. we will look for Apple stock to tank.
NASDAQ:AAPLLong
by UnknownUnicorn910751
01/05/23 Weekly outlookLast weeks high: $30063.8 Last weeks low: $28501.3 Midpoint: $26938.8 BTC starts a new month today. April is usually known as a bullish month for cryptocurrencies in general and although the monthly did close green, the market spent a lot of time chopping sideways inside our new range of 25.2-32.5k. The April candle could be a potential bearish abandoned baby pattern and therefore would see May be a bearish candle that would aim to hit the 23k area Acceptance above the 32.5k area would be extremely bullish, however having climbed approximately 100% from the January lows, and no signs of new money coming in I'm fearful that that we may have exhausted this rally and need to start again lower down.
by ProR35
NZDCAD Long-Short or Long and Short?On NZDCAD, we have the price located in the 0.8375 area. According to my view, there are three possible scenarios, two bullish and one bearish. The first aims at a break of the supply zone in the 0.84200 area. The second scenario aims to wait for a retracement of the price in the 0.82900 area, where there is a very effective demand zone that has generated further demand within it, which will be our entry point in case the market goes down. Finally, the last scenario expects the price to bounce off the supply zone before falling to the demand zone. Let me know what you think. Good trading to everyone, bye.
by EdgeTradingJourney
1
AUDCHF Is the short position just around the corner?On AUD/CHF, I have identified a supply zone that the price has used as resistance. In fact, in the last week, the price has made 3 false breakouts on the level of 0.593. The goal is to wait for a retracement within the main supply, since within it the price has created an additional supply just this morning that I have highlighted in red. We'll see if the price gives us an opportunity to enter a short position. Let me know what you think. Happy trading to everyone. Forex48 Trading Academy
Short
by EdgeTradingJourney
Breaking Point: Bitcoin's Fate Rests on This Critical Level As we take a look at Bitcoin's momentum on the weekly chart, the Chiku span still shows momentum, and the price is currently above the Tenken Sen and Kijun Sen, indicating signs of bullish momentum. However, the significance of the cloud which currently shows Bitcoin being inside of it, I would compare this to being in a cloud on a plane, where there is no clear direction of seeing out the window. To confirm a full-blown bull run, Bitcoin needs to rise above $31k. I believe there may be around 8% more potential upside in this run before the price slides down again.
COINBASE:BTCUSD
by UnknownUnicorn910751
24/04/23 Weekly outlookLast weeks high: $30480.8 Last weeks low: $28770.3 Midpoint: $27059.7 Last week BTC erased the previous 2 weeks worth of progress and finished the week at just above the 27k mark, considerably under the 1H 200EMA. The question is where does BTC find support? I've mentioned previously that the 25.2k area is an area I'm keeping my eye on, I would like to see it retested with a convincing and strong reaction off that level to really confirm that we've broken out of the previous range from thew 15k lows to 25k that we were stuck in for nearly a year. However, this would break bullish price structure and print a new lower high. I would like to build longs around that 25.2k area if it were to get that strong reaction. until then BTC is in limbo and not really showing any obvious direction to me.
by ProR35
Midweek Review - Where to from here? Hey there, so far it's been a slow week, however with very important US and UK economic data releases lining up we could be getting ready for some interesting moves. So see how these moves could possibly affect the markets this week be sure to watch our midweek review and: - Get an overall view of the major pairs along with the possible outcomes. Which means you will be a step ahead of the markets as the data gets factored in leaving you to line up your positions accordingly. - See how you could potentially get a decent runner on Gold and up until were you can trade it, allowing you to plan ahead and take advantage of the current market structure. - Learn what economic events is lined up for the rest of the week and how it could possibly impact the markets moving forward.
by DeanMuller
How To Win, By Learning How To Lose Hey there, so today I would like to introduce the first episode in what I would like start calling Mindset Mondays. So in this session we going to: - Learn how to overcome the fear of losing so you can trade with confidence and fearlessness - Discover how to leverage your losses and maximise your returns resulting in consistent and sustainable equity growth - Learn how to use your emotions as a signal to identify shortfalls and weaknesses in your overall trading approach which means refining your understanding about the markets and yourself, ultimately allowing you to trade with a carefree state of mind. So, be sure to watch all the way through if you want to learn how to win by learning how to lose.
by DeanMuller
The last attempt to increase the index before the correction.Today the S&P500 (ES1!) is trading at 4124. Yesterday, at the market opening, we saw the index rise and then further stabilize with high volatility, which I mentioned to you earlier. However, the volatility was higher than I expected, but that doesn’t change anything. Currently, the market has all the chances to continue a sharp upward surge, with the key level still being 4100. As I mentioned in my earlier post, the 4070 level remains relevant in the market, and many major players will try to increase their positions from this level. However, it is now perceived as a hypothesis in the market. Many speculators didn’t get a chance to open their positions yesterday and will try to do so from the 4157 level, just like a few days ago. Overall, the market remains positive, and a sharp index rise is possible, but this growth will be mainly based on positive news and will have a momentum-based nature. It will force speculators to abandon their plans and let the market grow.The last attempt to increase the index before the correction. What to expect today: Today, at the market opening, I expect the index to attempt stabilization and then drop to the 4115-4100 level. After that, the index will try to grow to the 4157 level, where there are a large number of orders from speculators looking to trade down to 4070. However, if their attempt to bring the index down to this level is broken, we will see a further sharp rise in the index to the 4232 level.
CME_MINI:ES1!Long
by kvatoo_FX
GBPUSD Long, Gold Short? Let's see... Hey everyone, it's been a while, so in today's video we going to be looking at Gold and GBPUSD and here is what you can expect: - What does the quarterly says and how will it impact us moving forward. - What are the specific indicators that could be used as key signals for the direction of price in the coming weeks. - What does the market need to do in order to confirm its direction and how we should go about taking advantage of it. If you have any questions related to today's analysis or would like to add your thoughts, please feel free to do so in the comment section below.
FX:XAUUSD
by DeanMuller
BET ON DXY LONGTERM DECREASE IN VALUE?Back again. FED will be on their target next interest rise, so with that information I suppose that Market starting pricing in this fact. Important will be BoE reaction on this and I assume that they will atleast few times rise, sending Cable upward faster. Corrections meantime are sure thing to grab and shake out retail in wrong direction. If I missed something which can change my longterm bias, let me know in the comments please! Wish you only greens, Jake
Long
by jake1fx
Big altcoin move incomingThe ETHBTC chart is very helpful for identifying when altcoins are about to have a strong move, the reason for that is because Ethereum tends to run the entire altcoin market. It isn't a perfect indicator, but in general if ETH is performing well, then so are many other altcoins. ETHBTC is currently retesting a resistance line that it broke below. This is technically a bearish retest, but if ETHBTC can break higher, this could be the opportunity for much of the money in the market to flow into the altcoins. However, on the other hand, if this bearish retest is confirmed it could be very bad for the altcoin market. This isn't something I would front-run a trade on, but gives us some insight that the next move in the market could be a large one. And it's always good to revisit BTC outlook to see how these may overlap. And in the chart below we can see BTC is still in the range that we have been watching for over a week now. So the scenarios that could play out are the following: ETHBTC bearishly retests and BTC breaks lower, altcoins will get crushed if this happens ETHBTC bearishly retests and BTC breaks higher, altcoins will likely not trade very well. This is similar to some of the altcoin trading we've had in the last few weeks. ETHBTC breaks higher and BTC breaks lower, altcoins could be difficult to trade in this scenario as well, likely a mix between some bleeding out, some moving higher, and some stationary. ETHBTC breaks higher and BTC breaks higher, altcoins will see significant upside if this happens. My motive in these scenarios as I've mentioned in recent posts, is just to remain on the sidelines. I only like to trade when there is a clear advantage on my side and I don't currently see it. So rather than betting on one side, I opt to just keep my capital safe. Happy trading!
by Obscure_Trading
1
AUDJPY 2nd April Based on our analysis of the AUDJPY chart, we have identified a bullish setup that we believe will continue to push prices higher in the coming week. Our primary focus is on the hourly supply zone, which is located at the last major high on the chart. We anticipate that the bullish movement will carry us up to this level and possibly even beyond. To identify our bullish setup, we have been using the 5/15-minute swing move and analyzing the price action on the 15-minute timeframe. We are looking for price to shift higher from one of our major lows, which would confirm our bullish bias. This setup is currently in play, and we are monitoring the price action closely. However, if we don't see the anticipated bullish shift, we will start to consider bearish moves lower. Nonetheless, we understand that we are in a bullish trend, and until there is a confirmed breakdown, we will continue to expect prices to move higher. In summary, our analysis indicates that there is a high probability of a bullish move towards the hourly supply zone, and we will be closely monitoring the price action to confirm this view. If we see any bearish signals, we will reassess our bias accordingly. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
DXY 2nd AprilAfter reviewing the market trends over the past week, it appears that we are still anticipating a bullish shift to occur in the near future. We have already tapped into the lower swing zone from our breakout level, which signals a potential upward trend. However, for this bullish shift to materialize, we must break the previous high that we put in after the break of structure. Once this occurs, we can expect to see the price shift back into the higher swing move. It is important to note that this process may take some time to fully play out, as market trends can be unpredictable. Nevertheless, keeping an eye on these trends gives us a clear idea of what kind of setups we can look for on our USD related pairs. By monitoring the market closely and making informed decisions based on the trends we observe, we can position ourselves to take advantage of potential bullish opportunities in the future. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
TVC:DXYLong
by PipSurfingSociety
2