GBP/USD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are now examining the GBP/USD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.287 level.
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LONG
EUR/USD LONG FROM SUPPORT
Hello, Friends!
Previous week’s red candle means that for us the EUR/USD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.078.
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Audius, AUDIO, .707 fib retracement sets up 140x Algo targetLove what these guys are building. great platform. go check it out!
the .707 fib is deep but the setup still looks good. double bottom into the golden pocket with a final liquidity sweep to .707 provides an excellent Risk to Reward trade.
See linked BTC chart for why my charts are so bull.
The Trade:
Preferred Entry: $0.10 or a 0.168 retrace of this impulse wave (if we get one)
Ape Entry: $0.13
Stop: $0.095
Resistance: $0.67 - order block + $1.12 bear golden pocket.
Target: $18.39
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
MultiverseX, EGLD, deep retrace sets up 53x Algo targetI seen a lot of this during the last cycle, deep retrace to 0.707... it was as if the big players had worked out that we were entering at golden pocket, so they shake us out by running it lower to the 0.707. To counter that I started entering on the .707 but they even started running through that before rebounding. fun and games 😂
While this is weaker than a few of the others I've posted I wouldn't count it out. last all time high was $475 for a mc of 10b. the algo target is $1582 giving a mc of 43b... yet another one that seems a bit extreme. again, not impossible, just extreme.
I've never looked into EGLD, is it something I should own?
See linked BTC chart for why my charts are so bull.
The Trade:
Preferred Entry: $22.5 or a 0.618 retrace of this impulse wave (if we get one)
Ape Entry: $29
Stop: $20.80
Resistance: $131 - order block + $157 bear golden pocket.
Target: $1582
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Axie Infinity, AXS, 0.5Fib retrace sets up 179x Algo targetIDK about this one... last all time high was $166 for a mc of 10b. this time supply is 3x that and the algo target is $955 giving a mc of 146b... not sure about you but that seems a bit extreme to me. not impossible, just extreme.
I'm actually surprised by axs, I thought this would go to zero. But to retrace and triple bottom on the 0.5Fib, that suggests strength... maybe I overlooked something. anyone have a theory why this is so strong?
See linked BTC chart for why my charts are so bull.
The Trade:
Preferred Entry: $4.08 retrace of this impulse wave (if we get one)
Ape Entry: $5.34
Stop: $3.75
Resistance: $41.90 - order block + bear golden pocket.
Target: $955
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
SDIG LongA simple range long with take profits in the golden zone and then at a clear resistance level.
To us this constitutes a false breakdown, these usually lead to strong consequences. The argument is stronger after we initially rejected the level before making a higher low and breaking back above. Now we are looking strong.
BABA LongWe are already positioned in this at a lower price, however a new opportunity has presented itself after the recent price action.
We have a rising three valleys pattern indicating accumulation after this perfect bullish Gartley.
Along with this Baba is showing clear bullish divergence and is currently backtesting the $78 zone which has been a historical key level.
Sizing up risk with a SL below the low gives us a great RR and plays the pattern. Good luck and we will update. Earnings are in over a month which gives the stock some time to move before.
SQ - Square LongSQ is showing accumulation within this broadening structure.
We're looking for a higher low to change this bearish trend on the smaller timeframe and then can set up with a stop loss below the support.
The current low here could become a partial rise which would give this structure a 70% chance of breaking to the upside as per Bulkowski.
We await the higher low and monitor closely.
GBPJPY Is Approaching The Main Trend.Hey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 196.500 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 196.500 support and resistance area.
Trade safe, Joe.
BTC/USDT 15m Time for a cool off? Trying to Keep a sensible approach during crazy times, I see 2 possible bullish setups:
- A wick down into bullish OB plus a breakout of the diagonal resistance is a strong setup.
- 2nd option is the same further down.
If BTC continues to climb I'd like to see the bearish OB flipped with a convincing flip from resistance to support.
A full week of non stop climbing does need a correction to be healthy and punish late longs with a leverage flush.
EURUSD The Target Is UP! BUY!
My dear followers,
I analysed this chart on EURUSD and concluded the following:
The market is trading on 1.0621 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0722
Safe Stop Loss - 1.0566
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBPCAD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for GBPCAD below:
The price is coiling around a solid key level - 1.7837
Bias - Bullish
Technical Indicators: Pivot Points Lowanticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.7917
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPCHF Massive Long! BUY!
My dear friends,
My technical analysis for GBPCHF is below:
The market is trading on 1.1290 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1305
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
SILVER Is Going Up! Long!
Here is our detailed technical review for SILVER.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 30.422.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 31.289 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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