USDCHF - DESCENDING CHANNEL 📉The USDCHF price is in Descending Channel🧐
The Last Lower Low is broken & retested🔥
so, i predict a bearish move 📉
TARGET: 0.89899🎯
...
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Retest
BTC: MORE DUMP AHEAD!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. In my previous BTC update, I clearly mention that BTC is at resistance so do not hold your longs and book profits in your long position. Hope you guys listed and save yourself in this dump.
Now, what's the next possible scenario from here?
BTC is forming an ascending broadening wedge-like structure in 2hr time frame which is generally a bearish pattern. After breaking down this broadening wedge, it is currently retesting it. So after this successful bearish retest, I'm expecting more dumps from here.
Invalidation:- Break and close above $21.1k will invalidate this bearish broadening wedge scenario.
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ABFRLHello, my dear friends and fellow traders. What we are going to look at today is the ABFRL stock.
This analysis is based on weekly chart. This stock gains support level and breaks the previous resistance level and makes all-time high. There are opportunities to go upside because this support level has been carried the price once again to all-time high
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
✅GOLD RISKY LONG🚀
✅GOLD broke the key structure level
While trading in an uptrend
Which makes me bullish biased
And I think that after the retest of the broken level is complete
A rebound and bullish continuation will follow
LONG🚀
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BULLISH BREAKOUTADBE just broke out it's huge bull flag looking like it might fill that gap it has next week.
Most breakouts lead to a retest of the previous resistance now support. Looking for a retracement next week to the support area for a bounce back up.
What are your thoughts ? I'd love to have a chat about other high probability setups..
XAUUSD Long Opportunity - JANUARY RECAP
1.HH and HL
2.Price RT the broken R zone and formed a bullish engulfing candle (filled with momentum)
3.EMA holding as dynamic added support
4.Clean market structure and price action
5.RR2
Monitor P.A accordingly. Trade safe everyone !
Is $EXTR ready for the next move higher?Notes:
* Strong up trend
* Great earnings QoQ
* Basing for the past ~8 weeks
* Pulled back to its 50 day line and found support around the 18.17 area
* Now coming up on the right side of its base with higher than average volume
* Offering an early entry
* Printed a Pocket Pivot, indicating institutional demand
Technicals:
Sector: Technology - Communication Equipment
Relative Strength vs. Sector: 5.94
Relative Strength vs. SP500: 5.88
U/D Ratio: 0.97
Base Depth: 15.74%
Distance from breakout buy point: -5.99%
Volume 88.56% above its 15 day avg.
Trade Idea:
* Now's a great time to enter as it's just coming off of its 50 day line and also printed a pocket pivot.
* Based on its prior performance, $EXTR can go another ~17.6% from here.
* If you're looking for a better entry you may be able to catch one around 19.3
EURCAD IDEA FOR SHORTWho didnt take the trade can enter now,its not late...sell time for eurcad,i took the trade on retest,30 pips sl...why i took the trade is bearish momentum,and a retest of the zone
GBP-CHF Risky Long! Buy!
Hello,Traders!
GBP-CHF is trading in a
local uptrend and the pair
Retested the horizontal support
From where the price went up
Thus I am expecting
A bullish continuation
Buy!
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EUR-GBP Local Long! Buy!
Hello,Traders!
EUR-GBP is likely to make
A local bullish rebound from
The horizontal support soon
Because the pair is
Locally oversold
Buy!
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✅EUR_NZD TIME TO BUY|LONG🚀
✅EUR_NZD fell down sharply
But a strong support level was hit
Thus as a rebound is already happening
A move up towards the target shall follow
LONG🚀
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US30 buy, 4hr analysisPrevious 4hr stick made the perfect retest. After Fridays upwards trend, we will look for the continuation buys. We had pullback for London, but price hs now retested the resistance zone(yellow box) as a support. When the last 4hr ended I bought, lets see how she goes
BTC: BEST POSSIBLE SCENARIO FROM HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BTC update. My previous BTC analysis went wrong, I didn't expect that quick pump from $18k to $21k and IMO no one caught that kind of move. Still, I fully accept my mistake and try to learn more daily from the market.
Now, let's get to the chart.
As you see, BTC is forming a large falling wedge-like structure in the 2-day time frame and currently rejecting from the upper trendline of the wedge. From here, I'm expecting a correction up to $18k-$19k and this is the zone where I buy everything with a tight SL.
I'm expecting that after reaching the $18k-$19k zone, BTC will start pumping and breaking this falling wedge. Once it breaks above it then be ready for $30k
Invalidation of bullish scenario will be close below $18k
So as of now wait patiently until BTC reaches the support zone ($18k-$19k). Meanwhile, in between, try to do some scalp with a strict SL.
What do you think about this? Do you agree that BTC should do a pullback from here? Let me know your thoughts in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
CRUDE OIL Short From Resistance! Sell!
Hello,Traders!
CRUDE OIL went up from
The lows to retest the
Key horizontal resistance
But Oil is already locally
Overbought so I think
That after the retest of
The level we will see
A bearish move down
Sell!
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US30 going upUS30 is setting up for a buy, been buying for the past few days, We have broken above the consolidation flag pattern. I think that when the current 1hr stick closes bullish, we could see more buys. The current setup show a retest for the continuation of the uptrend
GBPUSD Buy?GBPUSD pushed up from a double bottom structure Friday, finally breaking through a consolidation zone, price has broken through and retested the zone, making it a support, while also retesting the 14ema, after the 14 and 50ema crossed the 200ema confirming a market direction change to an uptrend. I have entered the buy at the end of the last 1hr stick. Lets see how it plays out
S&P500 Resistance Ahead! Sell!
Hello,Traders!
S&P500 is making a bullish
Move now but I am bearish
Biased overall and so as
The price is approaching
The falling resistance I think
That we will see a move down
Sell!
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AUDUSD I Scalp and intraday buy from supportWelcome back! Let me know your thoughts in the comments!
**AUDUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!
DXY Will Fall! Sell!
Hello,Traders!
DXY Is trading in a downtrend
And the price has broken
Yet another support level
Which is now a resistance
So we are bearish biased
And will be expecting
A bearish continuation
Sell!
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EVR - morphing into uptrendGolden crossed on 8 Dec22. However a stock could still be volatile for an average of 2-6 weeks after a Golden Cross has occurred before it began to trend more consistently. About 4 weeks post golden cross now, will this stock be ready to break above 117 soon?
Warning: Earnings is expected on 1st February, there is always risks to trade or hold positions through earnings.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
XAUUSDHello traders.
I remain bullish on gold.
Price is shown that it might visit 1840-1860-1880 area.
Good areas to buy could be Fib retracement levels of 0.5 and 0.618 connecting the most recent Swing Low and Swing High.
However, it can break straight up which means that we should keep an eye in different retest area and draw Fibo again according to updated data.
In my point of view, the price is inside a raising channel and the bottom has recently been checked as dynamic support.
The outcome for price is the surplass of buyers pushing gold higher.
EUR-JPY Bearish Bias! Sell!
Hello,Traders!
EUR-JPY has retested
A rising resistance level
From where we are already
Seeing a bearish reaction
So a further move down
Is to be expected
Sell!
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