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AUDUSD Analysis Hey yall Hey I am super brand new to posting ideas so lets get into it! AUD USD is the pair that we are looking at. The trading week is over. I use the 50 and 200 EMA to determine the trend momentum. As of today the momentum is Monthly - BEARISH Weekly - BEARISH Daily - BEARISH 4h - BEARISH There is a dragonfly doji closing out the trading week 2/17/23. ..... I definitely had an ADHD moment (undiagnosed) I was going to say that if price closes past the high of the previous candle 0.68850in the 4h there will be bullish moment. 2/21/2023 Update: I missed the bullish movement But I did catch the bearish move right after. The larger trade was manually closed because I got a little nervous. So I hoped out and took my profit. Then I re-entered the market with a .02 lot size so that I could take partials. Im watching this trade to close. Ill move my stop loss before I go to sleep tonight. Drop some feedback in the comments. Keep it cute cause I'm sensitive about my shit!! lol
by GetRichQuickie
Same ScenarioHi everyone, My last post was about DOTUSDT, where I showed how it would dump to its next support level, which it did (link down below) Today, we are going to take a look at BTCUSDT where I would be explaining why we are bearish on the long term, as we might see new lows going to be reached. First, BTCUSDT is doing the same scenario as it did a couple of months ago, where it consolidated on the higher timeframe, then continued to form new lows after that volatility has spiked. Second, BTCUSDT has clearly reacted to the 200 weekly EMA, after resting it as resistance. I explained this situation in one of my latest posts. In conclusion, I think that we are going to be bearish for the most part until the end of this month, even the long term most probably. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Short
by yassin_khanji
2
Current cluesThis chart has a bearish market structure that has chopped out into a range between the 1479 - 1498 price range. Note the yellow bar that I've marked where price hasn't been able to break the highs and keeps falling down with aggressive bearish bars, this tells me there are more bears than bulls here but it's not set in stone. I like to react instead of predict the market moves so for now I wait. Given the current characteristics on the chart my money is on the bears. I will wait for a breakout and signal before shorting to avoid trading a false breakout. For a bullish view I would prefer the capped trend line to be broken before considering to buy. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg For live updates please feel free to join Forex Bootcamp using the link below DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
OANDA:XAUUSD
by Cmasterza
Well Well Well... BTC!Hello all and welcome to my little corner of the internet. It isn't big, nor is it fancy, but what about the chart art! Now I've warned of a correction for some time (quite a bearish outlook if you were to look back at my other publications... and give em a like) but it seems as though things are playing out as i stated. I hope that any who viewed my charts saw the drop coming a mile away as i did and took the correct precautions. Lets jump into the meat though. I'm still quietly confident BTC will drop to ~9.3k-9.7k (The wick low could be 9K) and i have arrived at this conclusion based on probability and the accuracy of my charting. Here's how it is - we're still in a bear market guys, it isn't hard to see that, but after this low we could very well be looking at a recovery and a TRANSITION. YES! a transition into the long awaited bull season. This is great news, now I'm not saying it wont go for another dip, in fact i expect it will - as is required to signal the return of a healthy bull market. Check out the green channel i have plotted on the chart: This is the healthy channel. This is the area we want to see BTC move in and when it makes a break above we simply say hallelujah and we sell (at the peak of course!). When it breaks below we double down and buy the dip, this is how money is made. There are lots of "analysists" out there that will feed you what you want to hear, because they want it too but the market cares not for your wants, dreams or aspirations. The market knows only what the whales want: either swim with them or get eaten. Now there's always the chance I'm way off, as i said the market doesn't care, but i make my calls based on probability and as such there's a good chance i have it pegged MOST times. Anyway, time for me to wrap this up so I'll leave you with this: REACT. always REACT. cover your butts because at the end of the day I'm not going to make you money, the other analysists aren't going to make you money - that's on you. So be careful in the worlds most volatile market. I wish you all the best fellow traders!
by Disaster_Chartist