Short USDJPYIn case the price hits the resistance area and the entry trigger can enter the Short position
Pullback
BTC - We've Seen This Structure Before I've noticed that with the recent BTC price pop, it has formed simmilar pattern as it did when btc was topping on a larger timeframe. Patterns look identical more or less, and is a blueprint for me to say that we could have another small pullback that could even take us a bit lower but not by much. 29k technically will hold as most of the shorts that were opened at the top have already close so we are just experiencing last flush. It will be over soon.
Imagine the euphoria in altcoins that is to come to the market when prices finally break up after being suppressed for that long. It is gonna be amazing.
DISCLAMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BINANCE:BTCUSDT
✅MANA TIME TO SELL|SHORT🔥
✅MANA was trading in an uptrend
But the pair broke the rising support
Of the rising wedge
Which makes me bearish biased
And I am expecting a move down
SHORT🔥
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UPTREND UPDATE Hi everyone ,, Like i expected the head & shoulders pattern was completed and we had a breakout ,,
however ,, the price has bounced back from a resistance area which is logical ,,
now im expecting a pullback for the confirmation ,,
and as we can see on the 15 M frame , we have another head & shoulders pattern ,,
and everything else is explained on the chart ,,
But to be honest ,, i don't think we will hit the target this week ,,
TRADE SAFELY ;)
BTCUSDT Reached the Peak of this Cycle, AB=CD patternBTCUSDT Reached the Peak of this Cycle. On this chart you can see Fionacci's golden ratio correlations in a daily macro overview. We have a strong confluence between the actual peak as a pullback to Head and Shoulders neckline and the count of timeframe besed on golden ration, peak by peak. A monthly target is speculated based on AB=CD harmonic pattern.
EURCAD Impulse Correction ContinuationWelcome back! Here's an analysis of this pair!
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Dead cat bounceOANDA:AUDUSD is in fourth wave.
Wave b is over beginning point of wave a, so more likely that is irregular flat wave with wave c = 1.618 wave a. If it's true, we have target at 0.75
After that, AUDUSD will down to 0.65. That price is target of fifth wave.
Time will tell.
Dydx/USDT Wait For PullBackas you see in the chart dydx has one breakout from this bearish trendline. we have to wait for PullBack to get a long position.
Pullback from Fibo>!Progressively lower volume as the pump goes up. RSI way overbought. Dump likely, perhaps to a higher low at former resistance line.
Not advising to short it, consider taking longs risk-off.
SPX: As we expected, it filled our first gap! What's next?Hello traders and investors! Today, the SPX hit our first gap, as we expected. However, we must be careful, as the situation is quite complex.
First, in the 1h chart, the index moved according to our bullish thesis: It broke the purple line, traded above the 21 ema, and it filled its first gap at 4,583. This point is a natural resistance, and if we see a pullback lasting a few hours or even days from here, let’s not be surprised.
The thing is that it did another gap today, and we still don’t know what kind of gap this is. If it is a Runaway Gap, great, the SPX will probably break the 4,583 and close above it, confirming a strong bullish momentum.
If the gap resistance holds the price, and if we correct from here, this gap might be just a Common Gap, and a target for a possible correction in the near future, along with the 21 ema.
This wouldn’t be a problem, as it wouldn’t ruin the bull trend seen since Jan 24, but this will surely delay any other bullish structure it could do next. So, be prepared for this scenario.
In the daily chart, everything is going according to the plan, and it seems we have a bullish pivot point in process. By breaking the previous top, the index will confirm a bullish structure that could last for a few more weeks, and will probably hit our final target at 4,652, which is our second gap. Remember: Gaps work as magnets.
We are finally above the 21 ema, and there’s not a single bearish structure that could convince me we will reverse from here.
I’ll keep you guys updated on a daily basis, so remember to follow me to not lose any of my future analysis! Have a good day.
short term sell on goldthere is a bearish divergence on the 1hr. it is a regular bearish indicating a bull back, it already came back and tested that area after divergence. going to fall about 1500 - 2000 pips to the 1815-1810 area
EURAUD archers ready?EURAUD created a 2 day very bullish run, then had an instant turn around and is coming back down to the area where the bull run started.
I believe there are a lot of bullish orders still waiting to be filled in that demand zone and will look for an entry point if we manage to get down to this level.
The great archers pullback I call it. Let us see how it will unfold.
BTCUSDTon 12-hour time frame Bitcoin is pulling back to the EMA which will be 41500-42k. also we can expect the cloud and EMA to act as supports for bitcoin. if bitcoin lose these two supports lower targets can be reached.
GBPUSD Breaking out of a Descending Broadening Wedge> Weekly pulled back to .618 Fibonacci, horizontal support, 200ema and found support to start a bull run now 3 weeks in. Possibly looking to reach the recent highs area at 1.4200.
> Daily formed a descending broadening wedge & is currently starting to breakout to the upside.
1. Price could continue breaking out on the daily and form a small pullback to retest the wedge and horizontal support (maybe 1 hour flag over a few days) before continuing to 1.3950 which is the top of the pattern.
OR
2. This could be a false breakout of the wedge. Price could make a larger pullback, moving back into the wedge and forming a higher low around 1.3500 horizontal support/ .382 Fibonacci/ 50ema, before forming a reversal and breaking out of the wedge again making a run to 1.3950 to 1.4200.
Invalidation for an entry would be price continuing to run to target without pulling back or price moving back into the wedge and failing to form a higher low, moving back down to the lows. A negative is the monthly did form a double top and is in a bearish run.
reform of bitcoinbtc needs to reform and pullback to $40k support to take next resistance, so we can wait to touch the support again
NQ1! -As we can see the market-tested more than twice the resistance and the VWAP which means that the market is preparing for a bullish trend, also we see that a huge volume comes up (in green) compared to the other ones of this day that confirm this idea
- also we can see a significant wick touching the vwap and having a pullback on it
Therefore we should Buy NQ! now
