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A Great Deal of Bearishness Expected on the GBPUSDFrom our analysis of this pair in the previous weeks, we saw a good amount of bearishness. With the close of last week, this pair witnessed a bullish reversal on the 1 hour and 4 hour timeframes, invalidating our bearish zones and PBs and going all the way into the north. Today, we are beginning to see another round of bearishness. On the 1-hour, the market has already reversed bearish with the breach of our bullish PB. We are setting up for a short trade position, and we will look to take it when we get the needed retracement.
Short
by PanzyPips
AUD/USD Short(sell) trendAs we can see, the Aussie dollar has been shorting for quite some time, along with respecting our Technical analysis. Our downtrend has been respecting our resistance trend line and our support structure zone as well, keeping the trend within zone. The prediction here is that we will continue to see sellers in control and to respect our downtrend. Our Stop loss and take profit are currently marked up and ready for the week ahead. PiPs to be catches boys and girls TP: 49 pips/0.62986 SL: 19 pips/0.63671
Short
by mykin_Fx
POTENTIAL NZDUSD INTRA DAY LONG OPPORTUNITYHEY EVERYONE! HOPE YOU GUYS ARE HAVING A BLESSED AND PROSPEROUS WEEKEND! I just wanted to come on here and share an intra-day intra-week opportunity here in NZDUSD. This setup is technically going to be a counter flow/ counter trend setup then the higher TF but it is worth sharing because of what price action did towards the end of last week. So lets dive in! OK. So looking at NZDUSD we can see on the 1D timeframe it is currently bearish maintaining lower highs and lower low structure sequences. But the lower TF now seems to be shifting to a temporary bullish trend. last week we saw price action come down to make new lows then immediately shoot up breaking structure LH(lower high) on the 1H timeframe. Because this is bearish still on the 1D timeframe I held off to post this until I saw a new break higher to form a new higher high to confirm the hourly new bullish shift while being a pullback on our higher TF. Nonetheless there is great opportunity here for a intra-week trade to the upside into daily supply and structure resistance for a 3rd push on this hourly. Just to share I am long term believing, based on price action that we will see a large, longer monthly timeframe push to the upside but for now it is bearish on the daily and until it breaks above that we have to respect those levels until it does so. So lets look for some relief on this pair to the upside into those structure and supply levels for a potential few hundred pips for the week! Cheers guys! P.S. I HAVE A FEELING PRICE MAY TRY AND TAKE OUT SOME LOWS BEFORE GOING TO UPSIDE SO BE PATIENT AND WATCH FOR THOSE HOURLY BULLISH PLAYERS TO RETURN.
Long
by JosePips
4 hour Bitcoin Double Top within a potential Head and ShouldersThe top down analysis begins with last month forming an indecision month while approaching a neckline. The weekly is at a high which is a great time time to short especially since price formed a Weekly bearish engulfing followed but a doji for the re-test. Price has ceased forming Daily higher highs and instead my 8 exponential moving average has crossed to the downside of the 21 simple moving average. On 5/7/23 a new 4 hour lower low was confirmed. On 5.8.23 @ 16:14 pricer was creating an even lower low declining to $27,453.32. TDI isnt trending yet however the signals are bearish. Price needs to re-trace in order for me to take a short intraday position.
COINBASE:BTCUSDShort
by DesharedPierreJr.