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ETBHUSDT PA Range| Broadening Wedge| Swing High| Trend Evening traders, Today’s analysis – ETHUSDT – trading in a range where a rotation to either side is probable, Points to consider, - Price Action Impulsive - Range Mid Support - VWAP S/R Support - Low Volume ETHUSDT’s immediate price action is impulsive and is treading in a broadening wedge where a breakout is probable, allowing for a bullish bias. The VWAP is current support, holding this level is deemend bullish as it is in confluence with the Range-Mid. The current volume profile is below average, an influx is highly probable when an expansion occurs. Overall, in my opinion, ETHUSDT 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, “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you‘re wrong.” -George Soros
Long
by AzizKhanZamani
2
LTCUSDT Daily Range| Price Action| Trend| Volume Evening Traders, Today’s analysis – LTCUSDT – trading in a high timeframe range where a rotation to the range mid is probable, Points to consider, - Price Action Impulsive - Bullish OB Support (Range –Mid Confluence) - Daily S/R Objective - Low Volume LTCUSDT’s immediate price action is impulsive where a correction to the range-mid will allow for a long entry. The Bullish OB Support is in confluence with the Range-Mid S/R, a retest of this level is like to be respected. The current volume profile is below average, an influx is highly imminent when testing a key trade location. The overall objective is the Daily S/R, exceeding that level will lead to a trend continuation. Overall, in my opinion, LTCUSDT 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, “Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.” ― Yvan Byeajee
Long
by AzizKhanZamani
4
Will USDJPY Consolidate This Week? 112.00 A Likely DestinationThis week we might witness USDJPY move up and down as many central banks announce their policies and NFP reading as well. The 115.000 strong monthly resistance is yet to be tested by this pair! Its surprising with such a powerful strong uptrend it was not able to test this level. However this week shall the descending channel break, we can see the pair climb and come near that level. Positive RSI divergence on 4H indicates that an upmove might be on the horizon. However as traders, we look for confirmation. In this case, we need the higher high on 4H chart to break (4H candle must close above it), then evaluate our entry points for a LONG trade based on the RISK TO REWARD (RR) ratio. Our potential take profit target in this case would NOT be 115.00 level! infact its ideal if we target the next HIGHER HIGH on the 4H chart as our target. It all depends on the RR as 1:1 is an ideal target Shall the above scenario finish taking place or if it does not take place at all, we can look to take this pair SHORT. Again not without confirmation!. We need the 4H candle to close below 113.00 and to target 112.00. Once the break takes place, the RR needs to be evaluated, if feasible a short entry could be taken. All in all its a two way scenario for USDJPY this week. Meaning it will either rise towards 115.00 then aim to hit 112.00 or it will just keep its descend towards 112.00 level For those of you who want to take this pair beyond 115.00, its a very risky move for the following reasons: 1. The pair is too overstretched and a consolidation move might likely take place. many traders based on fundamental market picture would prefer to enter LONG once the price retraces at around 112.500 to 112.00 level. 2. Look at the first point: see the word FUNDAMENTAL MARKET PICTURE? yes its based on purely fundamental analysis of the markets. as for us technical traders, confirmation is the key. in this case we need to wait monthly candle close above 115.000 then evaluate to go LONG based again on RR The month of November would likely be interesting for USDJPY. Based on the fundamental picture its likely 115.000 would be broken this month as inflation and RISK OFF mood drives the markets. THIS JUST REPRESENTS MY ANALYSIS ON THE OUTLOOK OF THIS PAIR. TRADE SIGNAL WOULD BE POSTED IN A NEW POSTVSHALL ALL THE CRITERIA BE SATISFIED
Short
by FX618Analysis
ALICE again...ALICE breakout descending trendline started at the end of AUG riding on support trendline started at the end of Sep 2 times already was rejected from horizontal resistance at 15,3 and it will be a first serious test if ALICE break up, getting above it and we could see serious move up now bouncing between support found on 11,26 and resistance at 12,7 formed a small ascending triangle and got space in it for approx 7 more days So I am waiting for direction, if support at 11.26 is lost, we could take a short trade. Good luck traders
by PhilosophersStone
2
GBPUSD +9R Trade - Supply Demand, Liquidity, ExplanationVery nice Trade that I took today. This is actually the way on how to approach your trades by looking at the options that the market is giving you. In this case I was not sure which Demand Zone the market will pick so I decided to use all 3 Demand Zones. The first was activated and ran into profits. Then I secured the position by moving SL to entry which was a very important decision. We do not want to risk our position if we know exactly that the price can use the liquidity below us. And this is what the market did at the end. What do you think about this approach?
by DariusFxTrading
GBPJPY long or short - Why so bullish? FundamentalGBPJPY has been super bullish. But why? Of course it was driven by the fundamentals. JPY was super weak due to fundamentals and the same time GBP gained in power. This is was made GBPJPY fly that much. But also the chart technical analysis showed us how much liquidity was located. We had Trend Line Liquidity which was build during the last corrections before this strong move up. Currently the situation is that we broke 156 a very important key level. Therefore the price used that liquidity to spike above it and now to go lower. The question currently is are we going to lower in order to get better marke efficiency? Well this is a good question we need to wait for the market to give us more confirmation. Currently we can look for a sell if the market will go into the Supply Zone. On the other hand we can also look for a buy at the Demand Zone What do you thinkß
by DariusFxTrading
EURUSD long or short - Supply Demand LiquidityPrice moved very nice on the EURUSD. We can see that price previously failed to move up higher and created this Triangle pattern. The majority traded this like a Pattern and not from a Liquidity Concept. Price dropped to the downside right into the Demand Zone and started pushing up higher to get the liquidity which remained above the triangle pattern. Now currently price is about to move into a Supply Zone. Therefore my expectations are that the price will continue pushing higher before at some point within the Supply Zone it will start dropping. Another possibility is that the price will soon reverse due to this inefficient price. The market move to strong to the upside, therefore it will need to give us a corection What do you think?
by DariusFxTrading
GBPUSD long but also short possible, Supply Demand, LiquidityFor the GBPUSD we can expect both directions. I marked the exact zones on the charts. My bias is actually long. We have seen the price going up very strong the last couple of days. The reason for that was because we dipped below weekly range. There was a lot of liquidity located. Currently the price is between daily Demand Zone and Supply Zone and the price action created liquidity on both sides. Still I see more liquidity at the Supply Zone which the market could easily grab. Be aware of every possibility and trade carefully. What do you think?
Long
by DariusFxTrading
1
EURAUD Range High| Range Low| Price Action| Trend Evening Traders, Today’s analysis – EURAUD – trading in a price action range where a rotation to the lows allows for a bullish bias, Points to consider, - Price Action Impulsive - Range Low Support - Bearish Order Block - Range High Resistance - RSI Over-extended EURAUD’s immediate price action is impulsive where if trading at range low allows for a long biased entry. The Bearish OB is likely to produce resistance where a rotation towards the lows will them become probable. The current RSI is over-extended, a reversion to the mean is probable after an oversold bounce comes to fruition. Overall, in my opinion, EURAUD 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, “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you‘re wrong.” -George Soros
Long
by AzizKhanZamani
2
Can the Market Sell Off? These Indicators Say Maybe...AMEX:SPY , CME_MINI:ES1! I was surprised to see in the indicators lining up in this way. If you look at the previous times I've marked on the chart, we saw some pain following a 0 cross of the top indicator in addition to the action in the lower indicator. I think people may feel caught off guard leading to some volatility but if this is the case, I would be surprised to see a dip lower than what we just experienced. Although that is very possible at these levels.
CME_MINI:ES1!
by jakelikesstocks
USDCAD❗UP trend!⚡Currency pair US dollar Canadian dollar USD / CAD continues to move within the correction and the downward channel. At the time of publication of the forecast, the US dollar rate against the Canadian dollar is 1.2361. Moving averages indicate a short-term bearish trend for the pair. Prices have broken down the area between the signal lines, indicating pressure from sellers and a potential continuation of the fall in the price pair in the near future. At the moment, we should expect an attempt to develop a fall and a test of the level near the 1.2275 area. Further, an upward rebound and continued growth of the currency pair on Forex. The potential target of such a movement of the instrument is the area above the level of 1.2555. Have a nice trade!
Long
by TradingAlchemist
2