JICPT| EURUSD daily short setup(1.0174-1.0213) with T1 & T2Hello everyone. Euro has been struggling around 1 against the dollar for sometime.
This is a simple short setup on the daily chart with reasons below:
1. Downtrend line
2. 61.8% fib retracement
3. not bad supply zone
I'd like to set an alert round the zone. Zoom in on the 4H or 1H for reversal pattern. Fundamentally, I do think the worst is yet to come. The energy crisis is expected to be even worse in the winter. I don't think market has fully priced in. Previously low 0.9875 would be target 1. I use measured move ab=cd to guess the aggressive target which is around 0.9564.
What do you think? Give me a like if you're with me.
Moving_average
LUNC wyckoff accummulationBINANCE:LUNCBUSD probably doing a wyckoff accummulation phase as BINANCE:ETHBUSD did long ago. My theory is that market do a reversal after a triple top is formed. Hence, only one top has been made so far. This is subjective to market conditions.
NASDAQ, 21ST SEPT MEETING ANALYSIS!!- REUPDATED!!due to the hikes in interest rates, US markets are not getting that freedom to freely enter the market and make their positions. the hike is creating a fear among the people of not entering into the market, and keep on people selling their positions, making markets keep falling.
"A BULL RUN can only happen when all the news has been factored".
this explanation is also set for the INDIAN markets too. and people do have a good and fresh mindset to enter into the markets. when such a thing happens US markets will have a boom. and this will gonna be happening soon.
support lines are too mentioned. news is much factored in the indices, if by a chance nasdaq, broke the particular drawn supports to, then the next support will be forming around 10000, which is about 10% fall, but i dont feel now there is such more news aspects lefty to cover which will make the markets to fall with such a high number.
final words, do watch out for 200 MOVING AVERGE, because from past few weeks, this indicator is acting a very good support for nasdaq.
GBPUSDGood news is that we are in profit and bad news is that a new level is forming.
According to my experience and long-term back-tests, we better to stay in the trade and the probabilities of breaking of the level is a little more higher than reversing from it in these cases. (Considering trend, formerly levels)
SHORT NATURAL GASOngoing trade on natural gas—target price nearest median line parallel. So far now the price has breakout nicely and follows the dow theory.
NIFTY PHARMA, IMPULSE MOVE!!the purple line shows that now its the time that nifty pharma will give a rally, with a breakout(lets watch)..
the red line, properly gives a support line, it is holding a strong support.
we are currently in demand zone.
the two major black lines are drawn to give a range where the market will move accordingly in future, it is drawn based on the markets went consolidating at past, and based on the price movement of future.
rest, everything mentioned in the chart.
EURAUD has a nice RtoR ratio!Okay! Daily MA 100 is broken! We are waiting for a reversal!
MA200 of 4h is broken and price reversed and responded to it perfectly.
Trend is strongly bullish,
1st TP was previously strong support level..
Main TP is volume profile of strong reversing level in HTF.
After all, we know that there might not be any reversal! I'll enter 0.25 of my risk (0.5% of account) now! it's RtoR is around 1.63 which is just normal.
But there is a chance of great RotR around 1.475 and I wait for that
USDJPY is still bullishWe all know about the USDJPY supper bullish trend! Considering Japaneses officials speeches over yen, a correction was expected but who knows if it's just a correction or a reversal?
I see good probabilities for a good R to R around coincidence of Bullish channel Mid-line, consolidations range occurred between 1st to 5th of September ( which is a base candle in HTF) and probable MA100 dynamic level.
BTC Can move like this chartAss you can see this week is so important for all Crypto users .So BTC needs to hold 22000$ level. But we have A FVG in 20500$-21500$. I think BTC have to pullback to this zone and clear all buy limit orders and there is a important point about bitcoin is the 99 moving average is a strong level to hold the price ever time the btc wants to break this MA more buyers open more long position. So pay attention more for break down of it This analysis will be updated. 9.13.2022
GDXU leveraged gold miner ETF LONG SETUPAMEX:GDXU
As illustrated on the one-hour chart GDXU has reversed a downtrend as indicated
by the EMA crossover and so on. Support and Resistance lines are shown.
Price is well below the SMA200 and thus undervalued as compared with historical data.
I see this as an upside 30 % long setup with reasonable risk. Once the trade
progresses perhaps 10-12% in price rise, the stop loss can be moved up to
break even. This can be approached with intermediate-term call options
as well. Targets and stop loss are marked out.
4h 82 EMA does a magic with ETHHi colleagues!
Today I want to share with you some observations regarding the Ethereum (ETHUSD) movements happened in August 2022.
The concept is very easy and short:
In this August ETH was using 82 Exponential Moving Average (EMA) on 4 hours timeframe as a very strong support and resistance line.
You can easily see this on the chart in zones highlighted with arrows.
The recent resistance cases took place on 25-26 and 31 of August.
Right now, we are approaching 4h 82 EMA another time.
Let's guess how the forthcoming impact could affect the price action.
Will ETH break the 4h 82 EMA upward or bounce down from it as two previous times?
Maybe someone sees how we can use the 4h 82 EMA behavior in any other way.
Feel free to share your opinion in comments.
Thanks in advance!
USD/CHF Weekly Trade setup August 22, 2022Bolinger Band & MA:
the price is entered the sell zone of last week, however the price also hits on weekly BB lower line and MA 50. expecting a stronger bounceback
, breaktru sell zone of last week and make its way to 1.000
Gann Fan:
looking at the weekly and monthly gan fann, current price at 3/1 line area. looking forward for the price to breakthrough current resistant on 1.0000 and go even higher to 1.05 in the recent future.
we looking for the price to go higher but for entry wise, we are going to start to place sell order by phase when the price go higher. plan your stoploss, and have a backup plan.
USD/CAD Weekly Trade setup August 22, 2022Bolinger Band & MA:
breaktru upper BB line on daily, and on its way to go to upper BB line weekly. looking long for this week
Gann Fan:
current price between 1/1 and 2/1 area of gann fan. looking forward for the price to go to 1.32 and go sideway for awhile until it slowly go up to 2/1 line.
looking for long in cad, but the way to it might be slightly slower compare to other currency pairs
What to do when technical analysis does not appear to be workingI take a look at when the US dollar Index broke below its uptrend back in the middle of August - the break was not sustained. I talk about what I do next when it appears my analysis is not working.
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