Evening Traders, Today’s Analysis – NZDCHF- finding range high as resistance, a reversion to range-mid is probable, Points to consider, - Price Action Impulsive - Mid-Range Support (.382 Fibonacci Confluence) - 21 EMA Dynamic Support - Range High Resistance - Below Average Volume NZDCHF’s immediate price action is impulsive above Range Low; a retrace is...
Evening Traders, Today’s analysis – NZDUSD- impulse breaks above Daily S/R, confirming an S/R Flip Retest is critical for uptrend momentum. Points to consider, - Price Action Impulsive - Daily S/R Support (.382 Fibonacci Confluence) - Swing High Objective - Range High Target - RSI Bullish Control Zone - Valid Volume Influx NZDJPY’s immediate price action...
Evening Traders, Today’s Analysis – GBPUSD- deviating back into local range with range low being the target, Points to consider, - Price Action Impulse - Rang Mid Support - Range Low Target - Oscillators Extended - Volume Influx GBPUSD’s immediate price action has confirmed a bearish retest; this allows us to have a bearish bias. The local range mid is...
Evening Traders, Today’s analysis – GBPUSD- breaking back into range, currently testing range mid, a pull back into range low is probable. Points to consider, - Price Action Impulse - Range Low Support (Technical Confluence) - Range High Target - Oscillators Neutral - Low Volume GBPUSD’s immediate price action is impulsive, follow through will allow us...
Evening Traders, Today’s analysis – TSLA- swing high back into range, price action is currently bearish under range high. Points to consider - Bearish impulse break - Range low support - Range high resistance (bearish retest) - Stochastics sell cross - .618 Fibonacci TSLA’s bearish impulse back into range allows us to have a bearish bias on the market....
Evening traders, Today’s Analysis – LRCBTC – breaking back into weekly structure with the immediate target range high. Points to consider, - Immediate trend bullish - Weekly S/R confluence (.618 Fibonacci) - Range high target - Oscillators diverging - Structural higher low The immediate directional bias is bullish due to consecutive structural HH’s and...
Evening Traders, Today’s Analysis – BTCUSD – breaking down once again from the $10,000 Psychological level, now trading at local resistance. Points to consider, - Impulse bear move down - Local resistance (multiple confluences) - Range support (bear target) - RSI and Stochastics overextended - Volume Climax evident. BTCUSD’s impulse move down broke below local...
Evening Traders, Today’s Analysis – XLMBTC – must hold range median upon a retest to test structural resistance (range high) Points to consider, - Range median (local support) - S/R flip retest must hold - Structural resistance (Immediate target) - Volume below average XLMBTC’s range median is in confluence with local support, a trade location where an S/R...