AUD/JPY: Sell structure in the trendAUD showing us a nice short position in my technical analysis in H1 timeframe, but more enfocous in H4 timeframe.
In H4 timeframe we formed this sell structure scenario and we touch 2 times the resistance yellow and this could to show us another opportunity to open up short position in this Forex par. In the right hand, I post a mini-tutorial like a class to show you how this movement work in Forex. This it's similar what happen now in this par.
I hope that this Forex analysis will support you!!!
My entry short position was around $82.96 JPY and I put my SL at $83.43 JPY (38 pips) and target at $81.80 JPY (116 pips)
Resistance_level
US30 Creating LHs and LLs (at different SUPPORT AREA))A previous Bullish Uptrend has been invalidated at the Break of S1 which created a Resistance and a retest at S2 with price holding to retest the trend-line acting as Resistance.
A Bearish Engulfing and or Spinning Top with a Strong Bearish Candle is required at this RESISTANCE AREA to go short.
mana is about to pump soonwe do research by fact, even in this dump season mana still able to hold above the support line and getting closer to the resistance, soon its gonna break since the number of supply/seller up there is getting crush by mana hodler/demander slowly but surely. I think we all can agree about this statement now "mana is about to pump soon".
USDJPY retesting Key Resistance Areaprice currently retesting kEY Resistance area with the expectation that if price breaks this level above we should take a sniper entry from 15M time-frame and focus the first circle RESISTANCE retest and possibly 114.707
ALTERNATIVE SCENARIO:
if price retest with a rejection at the RESISTANCE AREA with a spinning top and a strong bearish candle or Bearish Engulfing then a SELL OPPORTUNITY is valid to the price 113.811
CholaFin above Big resistance levelHello, Tradingview community.
Cholafin is trading above its major resistance (Refer chart for more clarification).
The chart is self-explanatory.
on the hourly chart, it is clear price tested 633 level for 3 times since 19 Oct and not able to sustain above same.
But 4th time it is able to break and sustain above 633 level, we can surely see some fireworks in the coming days.
Above 641 we can expect 658 to 680 levels.
Below 628 we can see weakness.
Happy Trading.
Possible move for DENT. Dent has been showing strength lately Possible move for DENT.
Dent has been showing strength lately from previous accumulation with a successful break-out which priced all the way to 0.008949 on the 15th Aug 2021 which created a RESISTANCE AREA, and a sell of the retest the price at 0.004744. The price level 0.004744 hold strong making price bounce off the support with a retest back to the previous RESISTANCE(R), a Clear break-out is needed at the (R) towards 0.009426 and a possible retest back to the (R) turn SUPPORT then a successful continuation break-out of 0.009426 will give us a target at 0.012914.
Alternative Scenario is if price rejects (R) with a successful Bearish Engulfing in couple of days from today, we are likely to see a sell off to (S) or HALF WAY CLOSE TO (S) before an actual move will be determined.
(R2) will be determined once we see a successful reach to (R1)
EURCAD looks promisingThis pair has reached the Low Of The Year 2020. This is a significant level and the price is expected to have a major reaction on this level.
On the Daily timeframe once the price closes above the 'breaker to be' we look for a buy entry.
We will hold until the TP level marked in the chart.
Make sure to wait for the confirmation.
Like & comment.
$CRO looking good, but facing major resistance at $0.25.NOT FINANCIAL ADVICE
As expected, a large amount of $CRO were unstaked (from Q4 2020 and Q1 2021 adopters) and sold during Q3 2021 especially, suppressing price action.
However as we enter Q4 2021, we can see a positive trend developing. Increasing buyers and decreasing sellers.
Assuming that adopters from Q2 2021 have yet to unstake from their 6 month bonding (Q1 2022 onwards only) and a low number of signups occurred during the bearish Q3 2021, then $CRO looks primed for discovering new ATHs again.
However a major level of resistance needs to be cleared first: $0.25.
It's possible that some unstaked $CRO are waiting to be sold at this level, so I would expect a technical reversal as slight selling pressure will be faced.
We can expect at least a reversal down towards $0.185 to $0.216 (likelier) if this rejection comes to fruition.
However, should price break out of this resistance, then safe to say, the Bulls are back in control -- but until we get confirmation, anything is possible.
Until then, happy trading~
Goldview levels & Targetsprice sitting between 1806 and 1787. These levels have been drawn using EMA5 gold turn angles. We are then looking for the EMA5 line to break this level with a 1h CANDLE body close after. This confirmation gives us a target to the next EMA5 gold turn level. We can break down the range using these levels and the EMA5 to confirm which level to target and out of range areas for stops. How someone money manages these levels is critical to the idea and this is something we will share over time.
POSSIBLE SHORT ON GOLDIf price holds and rejects of that support turned resistance level which I highlighted there. we might see a waterfall on GOLD because it is trading at key daily supply. Please like and follow for the creation of free ideas and content. Will update as time goes on, stay tuned!
Good Luck.
God Bless!
CSX 4th top to heads up, resistance contactwww.tradingview.com
RSI overbought on daily chart.
Price make contact with resistance area for the 4th time,
Volume seams great so far to expect a breakout anytime soon.
Buying signal must be consider before taking any position.
In case of a short position fibo 0.5 is a good option, as usual.