EUR/JPY Short OpportunityA+ Setup !! combination of both my plays - RT with broken support zone and a 38.2% RT !
Retest-structure
HIFIUSDTHIFIUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and broken resistance which is also reacting as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.6300.
ENJUSDTENJUSDT was trading under declining trendline and recently it seems like bulls are starting to take the charge and has given the breakout from declining trendline with significant bullish candles .
Currently the price is retesting the broken trendline , if the retest level holds it could be a nice buying option.
What you guys think of this idea?
EURAUDEURAUD is trading in descending channel and printing consistent LLs LHs. Currently the price is broken the important support zone then any retest of broken level will be another sell option.
If the sell momentum continues the next target could be 1.6550 region.
What you guys think of this idea
USDCADUSDCAD was trading in bullish parallel channel and then has given the break out from channel. Currently the price is retesting the broken levels and it seems like the bears will take control again and send the price even lower level.
What you guys think of this idea?
BTC QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. After the positive news of Grayscale's wins against the SEC, the market broke the long boring range. But the question is, is this enough to start a bullish rally? Let's find out....
As you see in the chart, BTC is forming a rising wedge-like structure in the daily time frame and it broke down. Now looks like it is going for a bearish retest.
We have a very strong resistance at the $28k- FWB:29K level. As of now price showing initial rejection from this level but in the short term we might see another test of this zone and after that real fall begins.
Overall the structure looks bearish. In the short term, we might see some greenery for a few days and after that another dump.
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
DOTUSDTA Bullish Movement May Happen Soon
DOTUSDT has formed inverted head and shoulder and break the neckline as well.
Currently the price is testing neckline and it seems like it is ready to fly.
Currently the price is maintaining bullish momentum as well.
VGXUSDTVGXUSDT has broken very important support zone and currently retesting that support. As the price is under 50 EMA pressure it seems like after successful retest of broken structure price may head even lower.
DXYDXY is looking in nice bullish momentum and continuously breaking through the major levels. Following the breakout retest pattern. Recently it break through 102 level. If it successfully retest this level it will be a nice bullish momentum.
Equal lows forming on Eurjpy Retest aka W pattern forming on Eurjpy. Orderblock retracement. FX:EURJPY
Rolex Rings Breakout retestRolex rings doing breakout retest attempt.
Will wait for a good candle to take confirmation and entry.
EURUSDEURUSD has broke through important support zone and one of the inclining trendline. and currently testing the broken support as a resistance around 1.0900 region. Will the pair hold bearish trend and move even lower?
USDJPY uptrend scalp to higher highThe daily closed bullish but with some buy exhaustion which led me to believe that there still some bullish momentum but not much. The 1H made a clear higher high and decided to hold at its lows but created some bullish reversal signals on top of support. The moving avergae plays as support as well. Upon the breach of a 30min correction trendline. I believe price is on its way back to test its high or create a new one. Afterall, this is an overall uptrend.
GBPAUDGBPAUD has broken the uptrend and seems like it successfully retested the broken structure to confirm bearish trend.
Virgin Galactic - SPCE outlook showing signs of strengthLooking a the SPCE chart from a birds eye view it shows the company is overdue for a run. For months it's been trading sideways. It almost looks like it's break out of an inverse head and shoulders pattern. Until recently a spike caused by bullish news sending the stock from around 4.04 to 6.50.
On the run up it rejected the 6.50 price and came back mid day to the 4.50 level. The Fixed range volume profile showed from 4.04 to 6.50 on the initial the point of control was shifted to 6.50 where most volume was traded at the top. It showed a new level of support based on the visible range volume profile after it was rejected in the 4.81 - 4.63 range which to me was a buy zone. Even if it drops a little bit im okay with the risk to reward ratio with calls out to July 7th.
I wanted to get in it but I wasn't going to buy in at the top. The visible range volume profile showed me that most the volume came from these price levels. The fixed So I took the trade and look for a momentum run up in anticipation of the commercial flight between june 27th and june 30th.
The blue horizontal lines represent my take profit levels with the first retesting the 6.50 level. If price moves agressive I'm looking for it to close gaps from the prior months. The closer to launch date I can see it running up because people don't want to miss the run and a lot of buying pressure should be coming in up to these dates. Not to mention there's another flight shortly after in July I believe if there are no delays.
We will see how this plays out. My calls don't expire until July 7th after the first flight if there are no delays.
Thanks for taking the time out to read this.
Trade responsible,
Jay
#TradeTheWave
USDJPY ceases to create lower lowsAfter an indecision pullback to retest a 4H bullish engulfing, I took a long position based on the higher high and retest of the 30MIN. I'm taking long positions based on the 23.6 retracement of the daily chart. I expect for price to continue to make higher highs as I believe this uptrend is still strong.
DOTUSDTDOTUSDT was trading in range from sometime , and recently broke through the range and now testing the broken level. It also facing the pressure from declining trendline.
Will it head even lower ?
Buying Ethereum once moreEthereum is on its journey of creating many higher highs along with bullish reversal candlesticks to initiate the move. The Daily has retraced to a key level on the daily chart. This is our first signal to go long. A morning star on top of structure and support. The 4H chart will inform us on whether price is still retracing bearish or if its time to get in long NOW.
GBPCADGBPCAD recently form bearish flag pattern. And then break through flag , now retesting the broken flag. Will it continue its trajectory to downside?
Part 1 of catching a reversal is to trust structureI noticed that Ethereum was re-testing the neckline of an inverted head and shoulders pattern while at the bottom of a range and on top of support. Price provided an indecision candle on top of support as well as 61.8 fib. I anticipate that price will push back higher to retest a prz level. we have to get there first. It could begin with this purchase at a higher low.
Matic 🛤️ Break + Retest 1.0069?Looks Like we can continue the Bearish momentum here back down to yesterday's low at .9792 and beyond to our next daily level at .9755.
Matic Polygon did a faekout yesterday above 1.0227. It returned back into the range, then to the bottom of the range then did a break and retest of the daily level on the 30m TF. Left a very large wick rejection and off we go onto the next zone at .9755. We have bounced but I can observe a retest of the low with momntum left over from earlier.
EURUSD H1Hello traders,
EURUSD is setting up for a downside move watch price to retest and look for a short position opportunity, if price break the yellow box and also 1.10000 area with the candle body then only look for long otherwise look for short.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck and good trading.
GOLD H4Hello traders,
watch GOLD to break the support wait for price retest and look for a short position opportunity, if price hold the support and didn't break watch price to break the 50 moving average and look for a long position opportunity.
This is my analysis and view about GOLD.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck and good trading.
