GBPUSD in a critical areaThe pair is in a rectangle, we can see a strong rsi divergence which may suggest a possible upside breakout, the Cable needs to close an h4 candle above 1.2780 in order to validate it. in daily chart it s been formed the C wave (retracement from 1.30 to 1.2765) and now there should be a new wave 1 towards 1.30. If the price closes under 1.275 you can open a sell position with target 1.225. Pay attention to false breakouts and use some filters (for example moving averages)
Use an appropraiate money management.
Neutralposition
BTC 4H - STRUGGLING @ 12K, SURFACE OF THE DARK ABYSS# Bitcoin is still struggling to reemerge from what we called the surface of the dark abyss (see comment + our previous analyses).
# Current weekly red candle suggests bitcoin price could revisit recent low @ 10580 (02 August), unless we see a green candle (recovery candle) in the next few weeks (monthly closing, opening week of September), this pullback could drag the price toward important support @ 10490.
# We would not be surprised if 11000-10800 is holding and price make a sudden surge, especially when August monthly close is nearer. On the other hand, a deeper drop would always be a good opportunity to make a buy and holding a swing position.
# We currently not in any position, watching this uninteresting episode only from the sidelined. Our current position was supported by a series of low volumes on weekly chart (see comment).
Additional notes: U.S dollar made a decent recovery from a sell-off, gold also on pullback action. Stronger dollar to buy on the dip? Bitcoin is a digital gold? Some food for thoughts.
DYOR Always
BTC 1H - DIRECTIONLESS, IN TIGHT RANGE CONSOLIDATION# There is no clear direction for BTC right now. It's currently trading below 50 and 100 EMAs. This consolidation period could take 48 hours or more and in current condition, we could only look at scalping opportunity.
# Traders still looking for buying opportunity, particularly at 10500-10600, where 11000 is the level to watch. Our daily and weekly chart analysis (see below) mentioned the medium/longer term overview which still favors a bullish condition.
# Our personal bias is to stay sidelined until the opportunity to make a buy arise. Selling is a bit risky, since we don't want to go against a major trend. Our view will change if 10500 is broken, and if we see a formation of lower low and lower high.
DYOR Always
Selling options premium for $$$ : Bull put spread
In this environment looking for slow and steady wins the race type of higher probability 'income'.
1. looking for neutral to bullish action over the next 20 trading days
2. buy signal on 'TURTLE SOUP plus one' - recovery from new 20 day low, with reversal bullish.
3. Found 0.10 net credit premium on 17.51 European put option with 17.00 American put protection * 120 = $1080
4. Only needs to go sideways > 17.51 or higher which is -7% below current price = 66% of winning based on price
The highest volume node secondary ' POC" is higher at 18.80 area as good expected average price in recent 30 days.
5. So this is a fairly high probability play, with DELTA of sold leg about 0.25 so market expects only 25% chance of expiry below this strike = 75% chance of winning ( keeping premium paid)
6. Any adverse drop in price below, has a breakeven 'alert' at 17.40 for either cutting losses at breakeven or rolling down & out to next month.
7. Goldmann Sachs has a Neutral rating with price target of $20.00 over next 12 months.
8. Dividend due to go ex-dividend in November.
Gold Ascending Triangle, Watch For Break ConfirmationGold appears to be forming an ascending wedge but wait for a confirmation before going bearish. Infact, watch RSI for a guide in direction, depending on Macro news you can expect the unexpected these days (coronavirus), for example the DOW just went up out of a descending triangle today, go figure (a bearish pattern with bullish outbreak).
Neutral On Bitcoin, here's why... Neutral is boring. But it is also patient. Over-trading kills traders accounts faster than any other trading mistake. As it stands right now, looking at the Weekly chart on bitcoin and the pressure downwards is substantial. Looking here at the 1 day chart and we seem to be bottoming out from the previous week slide, supported by very thick cloud.
Which can only mean we're waiting.
IF price begins to break above recent downward trendlines, then we may see a continued rally and recover from the weekly downwards momentum. At some point that Weekly momentum would evidently have turned upwards... and then its moon time.
IF price turns lower and the current 1 day bottoming pattern fails, we then enter the 1 day cloud, and drop out of the bottom of the weekly cloud, then yes our previous target seems plausible... a whopping 25% drop in the price of bitcoin.
As of right now, our foot is off the peddle, as the team at SparksterSignals watch patiently for what the market decides next.
What direction do you favour and why?
Uncertain S&P 500On my chart, you can see the triangle in which the price moves, the lower border of the triangle is indicated by blue colors and when it breaks down it can lead to a further drop in the price. And there is also the upper border of the triangle marked in yellow and when it is broken up, it will be a signal of further restoration of the market up to the previous maximum prices
Enphase long/short So here we have an easy ta from ENPH.
I want you to present one long and one short position, because I guess its very open in situations like do we have now in which direction a stock with high vola could go.
There are some gaps that want to be seen. In uptrend we have outbreaking gap, in corono downtrend we have that important measuring gap that needs to be filled in.
If you are going long, you can take double bottom to determine your profit goals. In my opinion the stockprice should pushed by regular high momentum due earning and especially by filling the measuring gap minimum 5-12 % up.
Profit could take around 44-46 range. For going forward need to look momentum, cause there is another and resistance around 48 mark. For price goals (over days) around 50 it needs very bullish ER and SPY fed by fed.
Going short means take a look on support lines. Also here I guess you can use high momentum to take you max. profit around 28 mark. Softcore shorties could take also profits around 30-33 range. In kind of very bad ER it could fall (over days) to support at 22.
So good luck.
Any comments are welcome :)
EUR/JPY - NEUTRAL BIAS - 06/18/2020 - ASIAN SESSIOND TF - Structure is to the downside
4H TF - Market is trying to go bullish
There's a CONSOLIDATION zone on the 30m TF which is met at the 1H RESISTANCE
Analysis: NEUTRAL
Just waiting for a BREAKOUT from the CONSOLIDATION zone & a possible RETEST of the 1H RESISTANCE before making a decision.
#mtfa
#eurjpy
#trendanalysis
#supportandresistance
#multipletimeframeanalysis
BTCUSDT 4H | Bitcoin price overview: Bearish strikeHello, our dear subscribers!
Bitcoin price for the last 24 hours has risen from $9,500 to $10,380, which is a continuation of the growth from $8,700. In the previous reviews we marked the resistance zones on the chart: 1st - $9,800-$10,000, 2nd - $10,400-$10,600. The bulls broke through the 1st zone and bounced back from the 2nd one and stopped at the level of $10,100-$10,200.
The last hour was a surprise for the bulls, the bears struck a crushing blow, sending the price from $10,150 to $9,400 in 15 minutes. Stunning volatility!
The current price of Bitcoin is $9,550. We wait for the closing of the day to see if buyers will be able to win back the favor of the sellers and close the day with a non bearish reversal candle.
Subscribe to the channel and watch the situation on the bitcoin market!
EURGBP. The price will return to the same mark.Hello my subscribers!
-The price of Euro this week has grown well and strengthened in the market.
-The price should develop in the form of a cup and a handle pattern.
-The price is currently at a key level,
-the price will go into the "handle" and return to the same mark where it was.
Good luck to you!
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GBPUSD 2dn Trade, Waiting..!The price hit our TP last night. Now The Price is consolidating for the next move. Is it recommended to BUY NOW..?
I don't recommend it bro. Remember our rules, that we do not trade by feeling..!
Wait until the price moved up and reached MEDIUM RESISTANCE LINE, so we prepare for the next BUY AREA.
Thank you.
New Yorkarto City
XAUUSD. Both outcomes are possible.Hello dear subscribers!
The price of Gold will fall but its target,
provided that it breaks the lower border of the triangular pattern.
If this does not happen,
then you can’t enter the deal!
However, a second outcome is possible, where the price will rise. It’s better to wait until the price determines the direction.
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Dominos Pizza Short Term Analysis- Stand aside1h Chart Analysis - Currently the market can move in both direction - the main trend is still Bullish.
I was not able to find any interesting signal/patter to determine the level for the option A. While, if the red line work as resistance the price can jump back to a 276.0 level (approximately)
AUDCAD. Price in neutrality.Hello ladies and gentlemen.
The price of this currency pair will be in neutrality,
the price will not leave the boundaries of the key level
and resistance level.
It is not recommended to make a deal,
a minimum profit.
Good luck to you.
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