GBPJPY ANALYSIS (sell)The price is failing to is finding resistance at the upper line of the ascending channel and is failing to create new highs.
In addition to that the price is also creating a head and shoulder top reversal pattern which when combined with the ascending channel setup
gives as a reason to consider for short trades. We set our pending orders below the current support line expecting the price to come there
and get us into the market. Our entry and exists are as indicated on the chart. We know what we are doing and we do what the market is doing. This is more than an institutional analysis.Invest wisely. Thank you for following NewJerusalemForex on Tradingview.
Resistance_level
DXCM is testing all time highs!I last spoke about DXCM when it just broke the $423.40 range and said it would take weeks to reach and challenge the all time highs.
Fast forward 3 weeks and here we are.
Trade idea:
* Look for buying opportunities in the $423.40 to $430 area
OR
* Wait for another weekly close above $456.23
Is LKQ ready to break the Inverse Head and Shoulders pattern?With earnings coming up later this week, July 29th 2021, it's likely that LKQ may break and confirm the inverse head and shoulders pattern it has been forming since May of this year.
A daily break and close above $51.52 would confirm that the price wants to go higher and the target for this pattern would be around the $56.92 area.
Trade idea:
* Wait for a daily break and close above $51.52 before entering
CHRUSDT is testing Daily resistance 🦐CHRUSDT is testing Daily resistance after the price bounced on the weekly support. IF the price will have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Sell NZDUSD FOR 90 pips?We are seeing this pair follow the trend like clock work. We are either looking for a touch of the white trend line to enter another trade or a break of the maroon trendline. This Is a pair I’m already in. It was overbought and it failed to break resistance. This also perfectly touched the trend line and had a lot of bearish momentum. This will be a 90 pip win if this goes down in our favor.
Use proper risk management and do your own due diligence.
AMD looking to end year long consolidationAMD is looking to end its year long consolidation and look to new horizons.
Thoughts:
* Looking at the weekly or even monthly time frames you can see it's in a clear up trend
* It'll have to brake and close above $94.28 before it can attempt to break through its all-time-highs.
* Very high trading volume likely to push the price higher from here.
Trade idea:
* Judging by the price-action it seems like this may come back to retest the $87.40 area.
* Look for buying opportunities around the $87.40 area.
OR
* Wait for a weekly confirmation (break and close) above $94.28
BNB/USDTBINANCE:BNBUSDT
BNB has broken its price channel and is falling
It is done with a high slope and height, which shows
The power of sellers in the market is relatively greater than that of buyers
And you see the price on the Fibonacci level of 1.414 once supported
It has become small and that is one of the important levels for support
But if it breaks, we will see a heavy fall again and for
In order for the price to be able to enter the uptrend, we must first draw the resistance
Break and stabilize above the 304 price line
EURUSD Strong Resistance zones are ahead once again After previous successful long that we had, now price is hitting our resistance zones and targets on the previous chart :
so we are looking for opening some short positions in best place available now :
The first resistance zone that is strong once too is now 0.5% and 0.61% of the Fibonacci and the second one is the daily local resistance zone
that both marked on the chart with orange zones.
Targets and supports ahead :
A. 1.1820
B. 1.1780
DISCLAIMER: ((trade based on your own decision ))
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FAST trying to make new all-time-highsFAST is trying to break through and close above its recent all-time-high of $54.31.
Good news is that it's holding its previous all-time-high of $51.89 as support.
With buying pressure slowing down it may come back down to retest the $52.50 to $53.10 area as support before making another attempt at breaking and closing above $54.31
Final thoughts
* Strong up trending stock
* Expected to have earnings-per-share growth over the coming year
* Great long term hold as it pays dividends
Trade Idea
* Look for buying opportunities around the $52.50 to $53.10 area
OR
* Wait for a confirm break and close above $54.30
XMRUSDT Might Be at the beginning of an Uptrend @monero
Welcome back Traders, Investors, and Community!
Hi Traders, XMRUSDT has broken above the major Resistance, however the market is ranging now and I guess we would have a retracement at around 199.27 before we start a new uptrend. The price also may go back all the way down to retest the Resistance before it goes up.
⬆️Buy now or Buy at 199.27
⭕️SL @ 182.99
✅TP1 @ 222.66
✅TP2 @ 244.05
✅TP3 @ 274.92
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
25.06.2021 - Is Oil gonna break?Crude Oil has been testing the 73.40 resistance level since yesterday. Since the inventory numbers are showing demand beating supply, we still expect the price to rise, unless OPEC decides to intervene with announcements of the type "supply increase". Breaking the resistance level should push the price back to 74 USD per barrel.
BTCUSD, double ema on volume. Bullish rally started at the price of 33220, heavy volume came at that point, and
it could be strong support, now price is near Resistance 34830, which served as
a strong resistance historically, so sort setup could possibility at this point.
Here using double EMA indicator on volume, could provide indication to end of
trend,where 14 period EMA on 5 min time frame chart crossed 200 EMA same period.
Sort setup possible at Resistance level.
!Strong close above 34830 should be bullish move.
Technical- Based on Support/Resistance:
- Strong Suport: 33220
- Strong Resistance: 34830
! Here I'm trying to understand double EMA indicator on volume chart, looking for more content.
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EURJPY - Structure Trade(20Jun2021)Do you remember that last week I've mentioned in my previous post titled, "EURJPY - Trendline" that the Bearish Shark won't form up and you can look for a shorting opportunity on the Trendline for a shorting opportunity, that opportunity alone brings you a 285pips(more than 2,850USD/lot) of net profit, and this is a spin-out trading idea from the Weekly Chart's Bearish Shark Pattern. Imagine how much you would earn if you have engaged in the trade base on the Weekly Chart?
I'm not all keen on a counter-trend trade on this trading setup but if you must, a break and close above the trendline is needed before considering a buying opportunity.
I will wait to short this trade at 132.67-132.88(red box) for a trend trading opportunity.
ETHUSD: Short setup under bearish trendETHUSD: ETHUSD is following minor bearish trend line (be with trend),
and 2550 works as resistance level, where fresh bear rally started,
third higher low after respecting trend line. so i would wait
for another touch at resistance or trend line.
Looking for short setup at 2550 at new resistance.
! Strong close above that could be bullish move.
*trade channel based on hourly chart.
Technical- Based on S/R and trend channel :
- Minor resistance: 2550, look for short setup.
- Minor support: 2410, (short target)
- Strong support: 2321
! leave feedback please.
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Anticipated Break-Out and Retest Continuation Triple BottomAfter a temporary consolidation at support turned resistance zone, we saw a strong momentum to the downside creating a LOW on the 13th May, 2021. Then a correction 61%+ which created triple top pattern with a sell off creating a confirmed (SUPPORT) TREND-LINE on the 23rd May, 2021. With this confirmed trendline in view, we also confirmed a double bottom which later went BULLISH, fast forward to the last bottom which nearly hit the trendline ( But didnt touch), a BULLISH move occurred with the RESISTANCE ZONE been tested and a retest which has lasted for about 4-5 days, seeing this creating a channel up, I am anticipating a break above the and a retest back to the channel creating a support and then a BULLISH MOMENTUM to take a BUY ENTRY. Our target would be the resistance level.
DENT/USDT Recovery in sight. ATH is >4x away.DENT did find support near the old resistance line around 0.0025.
Back in march when this was broken the true bullrun for DENT did start.
Now it looks like we can recover from here and before we think about new ATH we have several new resistance lines to clear.
It looks like a good entry point.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.