XTZ did not breakthrough the uptrend, shows really much strengthXTZ on larger time frame is still focused on completing the broadening wedge, rather than dipping out. In this monday dip every coin seem to break out negatively on the pattern they were busy with, but not XTZ. XTZ went not even out of the uptrend range within the broadening wedge as you can see. Very promising!
Monday
Putting it all together part 1(July 4-July9th) OK girl you like fibs… and that’s ok why?? Because you like to know where YOU are at in the market. We like Monday’s to add confluence! Noticed how the market came back inside Monday.. Retest monday.. Left monday.. And came back inside? That is great! Also noticed where the market came and collected smart money? Also, this time around we were looking for entries at the 50 or.618 retracement level.. If you did not enter on the 1hr you used the 15m. We combined smart money entry & rockzfx entry techniques along with the fib which really increased confluence and confidence! It also eliminated a lot of the noise. THANK YOU HOLY SPIRIT FOR TEACHING TEACHING TONIGHT!!
Time zone: Asian, 8am, and 11am. GREAT TIMES!
Key: we need to wait for retracement to happen! Let the market breathe! And always keep the Mondays relation key. DO NOT HESITATE! IF YOU GOT 2 TO 3 CONFLUENCES WE IN THERE LIKE SWIMWEAR! You see it mark it & keep note of it!
SL- 10 TO 15 PIPS // TAKE PROFIT- 50 PIPS
$ZM short position Idea!-Looking to take/Add on a short position here looks like we broke below support and we're looking to take it down a little lower
-Now long term we're looking to take this down to $230
-keep in mind we still do have a gap to fill
-Good watch for a possible scalp
-on the hourly and 4hr we are also respecting the 9-day on the move down
GBPJPY ANALYSIS (27-09-21)A bearish institutional trend coupled with a retracement into a bearish order block filling up the liquidity void created, I expect price to take sell side liquidity, continuing it's previous move.
If price breaks the first point of interest, I'll be looking to short at the second POI..
If price remains bullish above both POIs then setup is invalid, I'll be looking to reanalyze the pair.
GBPJPY analysis A bearish institutional trend coupled with a retracement into a bearish order block, I expect price to take sell side liquidity, continuing it's previous move.
If price breaks the first point of interest, I'll be looking to short at the second POI..
If price remains bullish above both POIs then setup is invalid, I'll be looking to reanalyze the pair.
Audcad Buy Good afternoon All,
Hope you are all enjoying this weeks trades. To close the week, I want to share with you all this opportunity that we will be looking to take advantage of come Monday. An Inverse H&S pattern is forming on the D1 chart and with anticipation of bearish oil, this is one trade i would definitely be looking to take advantage of.
Entry and sl marked.
As always, comments, Likes, shares and welcome.
Many Thanks
EASY GAP FILL ON $ZM!! Possible Gap Fill Monday
- Previous THU & FRI were both green days making its way into the gap
-We can see a red open if we do we shall look for a reversal
- If we open green right off the bat we know we are clear all the way until $322.84 first PT then second PT which is the top of the gap fill which is 339.37
Bullish Mondays!Hello traders! I hope you had an excellent weekend and learnt as much as you could from the week priors pa.
Todays PA is clearly bullish on the 1hr and the 4hr, so longs will be targeted.
The daily is still in a sell range and we have moved up within the possible mitigation of the recent PA however we aren't over the premium of the move.
To the left we can see the circled PA in yellow, which will need to be filled at some point, this fits with a long bias into the shorting area.
Although we have both a 1hr and 4hr buying range I will remain Neutral and trade the PA as I see it at the time, this could lead to shorting opportunities should they develop
$YETI FOLLOW THE TREND -Yeti picked up the trend on the 9-day and as yall can see we pulled right back to it
-we shall see a continuation of the trend as long as we do not fall below the 9-day
-the green cloud is telling us the bullish momentum we got going on so we have 2 confirmations for the entry your third confirmation should be price action on monday and then you can take an entry
EU analysis coming into London openTodays PA being a Sunday/Monday has been fairly bland.
I have marked my 2 current AOI on the chart using the yellow circles. I am expecting the lows to be broken due to the amount of liquidity in that area-however that could take a while to happen.
Overall we are building orders to move to the upside eventually but it could take some time to play out.
Today I will likely sit on my hands-however deeper into London when volume picks up we may get a nice quick short trade from around the current price level.
Sometimes the best thing to do when trading is stay out of the markets.
Happy Trading, Envision EJ
Strong Bearish Structure on GBPJPYGBPJPY has tried to rally higher several times on the daily chart... and failed. Instead, it started to make new lows and new lower highs each time it attempted to rally again.
The large red channel is a weekly bearish structure. A smaller red channel is the latest daily bearish reversal level I would love to take. Hopefully, it won't start trending overnight!
An expected reversal is going to happen on another broken market structure (dashed black) which further increases my confidence in the setup!
Lastly, when I hide all the drawings and only highlight Mondays, you can see that Monday usually happens to be the reversal day! 5 out of 6 last Mondays created a temporary low or high. Look out for Monday (blue below)!
TrendyTrades: TSLA Bounce off 3HR Demand TSLA has a Daily up-trend-line that it's been following lately and with today's drop, we can see it bounce off the trend once again. There is a 3HR Demand-Level waiting for it at 678.41 . Watching Spy and the current Gap-fill it is trying to complete to the down-side could be a good indicator for when and if this move can happen. NASDAQ:TSLA
The Dollar index has extended declines across the board...The Dollar index has extended declines across the board as US Treasury yields maintaining a mild bull-flattening bias from prior outlooks, but also on increasingly bearish technical momentum as several Buck/major pairings breach key and psychological levels and the DXY itself breaches 91.500 to probe support around 91.300 within a 91.748-125 band.
However, the index and Greenback in general may benefit from underlying bids into 91.000 given that large technical factors are pointing proximity at 91.019 today.
I expect some immediate further decline.
But overall will be keeping close eye on the next couple of days for longer term bias.
CAD/JPY - 22/03/2021Consolidation has recently broken setting new lows. We now have price pulling back rejecting of the trendline annotated on the chart. We has a good wick rejection from this bullish candle coming back into the key level that may grant us a potential short entry. The levels indicated are not my actual entry. I will be waiting for one more bearish candle close before considering entering this pair.
XAU/USD - 22/03/2021Good morning everyone! Hope you had a fantastic weekend and are ready for another productive week.
(H1) - From my weekly outlook I was expecting price to break resistance around 1744.693. Price failed to break higher and resulted in a double top. We then broke support to give us more confluence into a bearish market. I will be waiting for an hourly close to retest the previous support to look for short entries.
We have seen major market gaps across the board. My personal suggestion would be to sit out of any pair that has a gap until price develops further. Wouldn't want to get caught into a false move/ manipulation.
EUR/USD - 15/03/2021Potential short opportunity on EUR/USD. A lot of confluences listed in the description on the chart. I have set my entry level (which may change) to make sure I can go breakeven before price reaches the next low. If we close with a nice engulfing candle I will be taking this trade, no economics that may interfere with the trade.
Sunpharma Intraday levels 08th MarchThings to be Kept in mind :
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>> Take this trade only if Nifty is red in its pre-opening session
>> Take this trade only if Sunpharma opens equal to or lesser than previous day close.
>> Maintain strict stoploss as per risk appetite.
>>Trade under professional supervision.