Long-short
SOLUSD Price Action Range| Price Discovery| Volume| FibonacciEvening Traders,
SOLUSD’s immediate price action is trading above its range, maintaining these regions will likely continue the trend,
Points to consider,
- Price Action Impulsive
- Price Discovery
- Blue Sky Breakout
- Declining Volume
SOLUSD’s immediate price action is leaving a consolidation phase where bullish continuation is probable.
The price discovery has technical Fibonacci targets situated at the 1.618 extension, temporary top here is likely to be placed.
The current volume profile is below average, an influx is highly imminent when an expansion occurs.
Overall, in my opinion, SOLUSD 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,
“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.”
― Yvan Byeajee
TRON cold have nice move ahead soonTron in attempt to break out above this descending trendline started in April... If this attempt is successful for Tron, we could see a nice run-up soon. Also formed a symmetrical triangle and have space in it for whole Nov. So it might take a while if TRX fails now. Anyway, this could be a profitable trade so it's worth keeping it on your radar... Good luck traders
USDJPY❗ Sideways range📈USD / JPY four-hour chart. The currency pair resumed its downward movement and in fact continues to trade sideways with borders at 113.35-114.50 levels. Nevertheless, the bullish scenario of the movement remains the priority in the medium term. Therefore, from the daily supertrend line, we expect the upward movement to resume to 114.84.
Trading solutions: buy 113.54 take profit 114.84
Have a nice trade!
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
SUSHI Range Trending breakout or breakdown. Long/Short.Waiting on confirmation of breakout or breakdown at resistance for entry long or short.
This is a range trending crypto.
Patience for best entry for R:R and only after confirmation of direction.
Entry long would be PT at 1.618 FIB
Entry Short would be PT at 11.6 snf 11.2 Fibs.
BTCUSD💲Descending triangle❗Bitcoin is testing the main support level again. BTC's monthly and weekly candlesticks also closed above $ 61,000, which is a bullish sign. Bitcoin has been trading in a range since last week and we may soon see a breakout. Get ready for a bullish move.
Follow our forecasts to keep abreast of developments!
Have a nice trade!
Your Solldy.
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
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
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
ETH possible distribution?Hello my beauties.
Ethereum seems to have entered a range, and I'll be monitoring price action to see if the distribution Wyckoff schematics will provide us with the events that would confirm a short entry.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
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?
EURGBP long - Supply Demand, Higher TimeframesThe situation for the EURGBP is super bullish from my point of view. Market is about to close above important structure point and if the will close in the shape like it looks currently then we will see price very soon very high.
Still for now short is an option for us in order for us to get later in our long position.
What do you think?
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
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?
IF BTC WANT CONTINUEES CORRECTION ...It made a head and shoulders and if BTC want continue correction it can dump to 53 and 52 Thousand dollar and next good pump and go to new ATH but but but now BTC have a good news about new ETF , so be careful and wait , if BTC dump buy and buy and hold to new ATH !!!
Try not to make emotional decisions , sometimes must just look and dont done any work ...
Have a good time :)
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?
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
EURUSD📈Exit from the side down❗The four-hour chart of the EUR / USD pair. The currency pair is consolidating in a narrow range. The price is still holding below the resistance area formed between the daily and 4-hour super trend lines. Therefore, the main scenario remains with the price exit from the sideways downward.
Trading solution: sell 1.1620 take profit 1.1550
Have a nice trade!