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USDCAD Waiting the convalidation!On USDCAD, we have a critical setup, which means that the price is at a point of demand and supply at the same time. By analyzing the chart, I can infer that the price could drop to 1.3530, creating a short setup, and then bounce back to the supply level before descending further with a target at 1.34. Alternatively, the price could retrace directly to 1.3540, creating a long setup with a target at 1.3590. Both of these views are supported by spike validations on the order blocks. Let me know what you think. Happy trading to everyone.
by Forex48_TradingAcademy
15/05/23 Weekly outlookLast weeks high: $28610.2 Last weeks low: $25768.1 Midpoint: $27189.1 BTC dropping from weekly high at the start of the week to the lows in an almost linear diagonal decline, baring the anomaly of the CPI news Wednesday. Followed by a retracement back to the midpoint of the week after a weekend pump. The week has started positively by flipping the midpoint of the previous week, with a retest and acceptance above could be bullish and I would expect a run up to 29K, where we go from there is anyone's guess as we have been ranging for a little while now. A retest of the 25.2k level before a continue in rallying price makes the most sense to me.
by ProR35
BTCUSD: Revisiting Key Support at 21500BTCUSD (Bitcoin) I expect BTCUSD to revisit the key support level at 21500 in the near future. A rebound from this level would signal a potential uptrend, with a target of 26k after breaking through the key resistance at 25200. If the support level at 21500 fails to hold, we could see a deeper correction, with a potential drop to 19k or lower. Therefore, it's important to closely monitor the price action around this support level. In summary, my trading idea is as follows: Entry: Buy at the sub-21500 level with a stop loss below 19500 Target: 26k Invalidation: A sustained break below 19500 Please note that this is just my opinion and not financial advice. Always do your own research before making any trading decisions.
INDEX:BTCUSD
by Bitsleader
2
XAUUSD Ready for the big news tomorrow! On gold, we have a complicated setup, with the sudden strengthening of the dollar despite the negative scenario, while gold tries to push towards 2100. Currently, we have a price around 2015 within a strong demand zone. The objective will be to wait for a long or short setup within this zone, with a target of 2050 in case of a long trade and a scenario of 1976 in case of a short trade. Let me know what you think. Happy trading to everyone.
OANDA:XAUUSD
by Forex48_TradingAcademy
P2P | US30 Mark UpWelcome ladies and gents to another great mark up from P2P! I know you’ve all been well and I’m here for it all lol. So quickly stated, this mark up is intended for educational purposes. The strategy we have been working with has begun to show improvement! Let’s break things down: 1) TOT : the execution time of the trade came Monday May 1st @ 10am, creating a high which would then be ran out and breaking structure to the downside. * Once the liquidity has been ran out and price has broken structure in the opposite direction, Fib the range of the high to the low, and would look to enter a sell position at 62% Fib level. 2) Once price has moved in our direction, the Fib levels will determine how long the trade can be held. A safe level for placing your TP is the 0% level (it’s a bit over 1:1 trade with a slightly adjusted SL). * price action around key levels are good, but price action around key levels toward the same direction are even better! Once price starts to reject on the pullback it allows you to A) move my SL to profit, B) take partials, or C) enter another position. 3) MTT) manage the trade by aligning price action around key Fib levels. As long as your trade aligns with time x direction x technicals (you will also add your fundamentals if there has been substantial news in the markets prior to the move). And that’s about it folks. Working on pressing this into my mind permanently! See it, allow the trade to develop, the execute. Anyways let’s keep getting better and securing our future. Trade well family, stay healthy on all aspects, and continue to rule 2023… year of the rabbit!
UShort
by Pips2Porsches
BTCUSD PLAN Hello to all small and big traders, today I was checking all the empty spaces of CME when I noticed 3 gaps that have not been filled yet, one is in the area of 34000 to 34800, one is in the area of 21000 to 20000 and the other is in the area of 9500 to 10600. It doesn't matter if it is filled, but it must be filled. This plan is for a long-term view. Now or first, we will pay 34,000 dollars, and then the drop and the new floor, and then we will move right at the time of halving for the new ATH, or it will be filled later, whatever the case may be. be careful .
CME:BTC1!
by hamidhsh
4
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 Forex48_TradingAcademy
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 Forex48_TradingAcademy
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