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AUDUSD lets see how it goesAUDUSD has gone past the downtrend channel and the counter downtrend channel after taking support over 3 times of the monthly support line. Now I'm looking for it to touch the trend line (0.7485) and maybe see a pull back of course after confirming a sell position (0.7440) and probably retest the counter upper channel. IF it's end up going past 0.7485 - 0.7490, then next stop will be .755- .756 Also RSI looking overbought (4H). But I rather stand on the sidelines to see how it plays out.
by PoisonDaddy
1
EURNZD| .618 Fibonacci| Bearish OB| Price Action| Trend Evening Traders, Today’s analysis – EURNZD – trading at the lows of an impulse sell where a rotation towards resistance if probable, Points to consider, - Price Action Impulsive - .618 Fibonacci Resistance - POC Resistance - Bearish OB Resistance - Volume Climax EURNZD’s immediate price action is trading at oversold conditions, a retest of the resistance area that has technical confluence with the .618 Fibonacci, POC and the Bearish OB, allows for a short bias. The current volume profile has a climatic node, indicative of a temporary bottom being in place. And oversold bounce is likely to get sold into as this is still technically a down trend. Overall, in my opinion, EURNZD is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.” ― yvan Byeajee
Short
by The_Alchemist_Trader_
SHOP, Lots of long and short opportunities ! We keep it on watchSHOP is beautifully offering lots of long and short opportunities ! Are we prepared in advance ? Of course we are. SHOP has started new motive rally from 1005.14 on 26 Mar 2021 and so far has completed wave (1), wave 1, 2,3 and probably wave 4 of (3) and now is probably completing wave 5 of (3) which will terminate at two proposed strong resistances which are 1641 and 1710. After completing this up going wave, there will be a short opportunity to catch wave (4) down to 1405 , 1333 and 1260 corresponding to 0.382, 0.5 and 0.618 Fibonacci levels respectively.After that, another and last up going wave (5) will start. After making a new ATH , there will be a great short chance down to prices below 1000. Who wants to miss the chance? Please note that, this is the most probable scenario for now. Should it need any update, it will be done later. We are prepared in advance to make profit. We trade smartly and objectively. We see the chances but never jump into the trade blindly. Right?
S
by SaeedSajedi
24
ATOMUSDT .618 Fibonacci| Price action| Trend| Trade Evening Traders, Today’s analysis – ATOMUSDT- trading at a key trade location where a rotatin towards the highs is probable, Points to consider, - Price Action Corrective - .618 Fibonacci Support - Low Volume - Bullish Divergence ATOMUSDT’s immediate price action is trading at a key trade location that has technical support with the .618 Fibonacci, allowing for a bullish bias. The immediate target is the upside resistance, a rejection at this level is likely. The current volume profile is below average, an influx is likely on the next expansion. Overall, in my opinion, ATOMUSDT is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps, thank you for following my work And remember, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
1
AUDUSD : KEEP AN EYE ON IT Hello traders. AUDUSD has current formed a beautiful W structure. The price is currently testing the neckline resistance which is marked in red circle. From here the possible scenario could be: 1. If it rejects from the neckline, we can see a strong bullish move to the up side and we can book our profits as shown. 2. If it breaks the neckline, we can see a continued bearish more to fotm a triple bottom structure and then a huge bullish move. So what next? What for the price to finish its move near the neckline and act accordingly as said above in case 1 & case 2. For precision, trade entry in intraday time frames. Good luck for your profits. 👍
by Hrimkaar_ShivamJoshi
Is Gold going to $100,000? The short answer is 'I don't know'. What I know is what everybody can see that Gold has broken out. I look into some of the price action - and it gets wilder as we move deeper up in the trend. There are no predictions in this chart. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OANDA:XAUUSD
by Captain_Walker
2
Possible SHORT on GBPJPY; creation of Bullish Deep Crab Pattern Hello everybody! So, after shorting on daily timeframe, and saving my ass on 4H chart :D I'm again for - shorting. Or buying JPY, whatever sounds better for you! Thing is, at least how I see it, GBPJPY will soon touch Fibonacci 1.618 (around 144.38). When? Well, it's a billion dollar question. However, I'm convinced that it will happen in the next 5-10 days. At that point, a Bullish Deep Crab pattern will be formed, and I'm already putting on alarm and pending orders for Buy Limit. After it reached D-point, next targets are: T1: X-point aka Fibonacci 1, around 149.50 T2: B-point aka Fibonacci 0.618, around 152.71 T3: this is hardly likely but you never know :D - zone between A-C-points aka Fibonacci 0 between 157-157.80 Let's ride together on these waves!
Short
by UnknownUnicorn4149630
Worrying BTC chartBTC has been ranging 30-60k for almost a year now. Currently it has tested weekly support in low 30s about 10 times! We can say currently 30k is old 6k where we had established multi month support previously and we know what happened when it broke.. This weekly candle looks pretty bad is it retraced almost whole move. Having that said, still best bet is in low 30k's hoping that support will hold once again. The question is are buyers are going to step in and buy this support that has been tested so many times..
by TRDr11
GBPNZD POC| .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – GBPNZD- trading towards a key support area where a bounce is probable, Points to consider, - Price Action Corrective - .618 Fibonacci Support - Bullish OB Support - Low Volume GBPNZD’s immediate price action is trading towards a key trade location that is in technical confluence with the .618 Fibonacci and the Bullish OB, allowing for a bullish bias. The immediate objective is the bearish OB resistance, a rejection here is probable. The current volume profile is below average, an influx is highly imminent on the next expansion. Overall, in my opinion, GBPNZD is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “Trading effectively is about assessing probabilities, not certainties.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
Bitcoin heading to test 42k supportWe just broke the low trend around 38k that was coming since November. As you can see on the chart we also broke 200 EMA indicator, giving a long sign. Currently heading to test support around 42.6k and in case it breakes we can head fast to 45k on a 9.5% profit since this can be just another short squeeze for it to go back to the low trend canal. Only considering that currently global conflicts won't influence on price prediction. We could go super high or super low at anytime depending on the news ahead. Be careful and don't forget to set your stop limits.
BITSTAMP:BTCUSDLong
by hauptspieler
Bitcoin - A brief overview of the main cryptocurrency 28.02.2022Consolidation continues! The price is shrinking between the weekly EMA50 and EMA100. If the weekly candle closes above the EMA50, the next stop will be the $50,800 resistance. In a bearish case, if the bulls lose EMA100 support, Bitcoin could retest the $24,000 support area! Major Breakout and Trendline Retest Already Confirmed! Bulls defend $34,800 support but struggle to rebuild $44,600 resistance! In short, the trend is bearish below support and bullish above resistance. What to expect today: Most likely we will not fall again, I would again advise you to start making trades from the lower levels to the upper ones!
by AzurTrade
4