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EURGBPLooks like we have a strong wick rejection right at the 200 ema on this timeframe. We could potentially be at the start of the C wave retracement toward previous low. We are oversold on the RSI and the Mac D is just about to cross so we might be a tad bit early on this trade and could possibly gain more bullish before the retracement is true just being honest. That is a possibility. If you look at the volume profile to the right, you will see that the current price is in a high sell volume zone. The selling pressure is starting to shift down a bit with a red candle open on the weekly. The bulls are still fighting so let's see how this looks by the end of the week. I only want to see if we can retrace 38% of the previous low. However, due to price action and wave analysis, I left the 61% and 100% targets there just in case. What do you think?
Short
by Redimere_91
VTI (Total Stock Market)On an analysis earlier that I published, the DXY may be ready for a retracement to the previous wave low. Now reeling back in on the VTI Looks like we may be close to being done with the C phase on this timeframe. Wave C has so far retraced Wave B up to 161%. I don't want to get too greedy until we see economic indicators start to peak out. However, I would like to see if we could reach the 38% retracement of Wave C in the near future. We still ended the week with large sell volume. However, on the 12 hour time frame, some of that sell volume has started to weaken down a bit. We may be early on this assumption. The K and D of the RSI has reached an oversold point. They haven't crossed up past the 20 level just yet. The MacD has crossed the zero line but hasn't shown any indication of momentum shift just yet. I want to be careful with price targets here so I will only keep it at the 38% level for responsible trading. Let's see what happens! What do you think?
AMEX:VTILong
by Redimere_91
1
DXYLooks like we are in the middle of wave 5 of the Elliott wave. It may take a while for this wave to "potentially" retrace to the previous low of wave 4 up to 38%, 61%, or 100%. I would love to see that. I personally believe that we are getting closer to peak inflation although there are other factors contributing to the dollar's strentgh. From last week's reading, we might have open lower than the close. I see strong wick rejection from last weeks candle and would like to see if the bears start to take control. Our K and D of the RSI have started a cross down from overbought position on the daily timeframe and has already started the momentum downwards on the weekly. The MacD is losing momentum on the 12 hour timeframe so even though it hasn't shown true weakness yet on the weekly or daily in regards to a true momentum shift, we may be a bit early on this. Let's see what happens! What do you think?
TVC:DXYShort
by Redimere_91
1
NZDUSDLooks like we are in the middle of a C wave of the Elliott wave. I want to see if this current wave (if valid) can reach the 61% or the 100% of wave B's high. Price jumped bullish at the double bottom located where the circle are. We may be a tad bit late to this trade. However, there is low sell volume on the current candle as we are also oversold on the RSI while making an attempt to cross up past the 20 level. Our Mac D zero line has crossed and may lose some momentum down the road. Let's see what happens! What do you think?
Long
by Redimere_91
USD/JPY LONG(BUY) IDEAUSD/JPY is a recommended BUY — Ascending triangle breakout(if price breaks below triangle pattern — pattern is invalid) —1hr timeframe Overlays - Trend line — 134.388 - Fibonacci Level 61.8% — 133.681 - Fibonacci Level 50% — 133.434 - MA30 level — 134.106 - MA60 level — 133.836 (perfect pullback to triangle support level) Sub indicators - Stoch RSI ( is in oversold territory - moving averages are in oversold territory - neutral slop ) - Chaikin Money Flow ( indicates participants are participating in the accumulation phase and shows strength in upward movement by staying above mid-point level ) Analysis - Daily timeframe still have some bullish momentum according to sub indicators but close to overbought conditions - 2hr timeframe shows a strong buy, possible breakout and strong accumulation on the money flow indicator - 1hr timeframe technical analysis is displayed and possible entry points are listed above.
Long
by charrison4300
Tue Apr 26, 2022 - This Week's Hotness!Traders, Unfortunately, this week, my video failed to upload to TradingView. However, it is against house rules for me to suggest where you might be able to find the video, so I won't do that here either. 😉 And on TV, I can't simply upload the one I had already made because it takes a live stream and converts it. So, on this one I am stuck posting without the video attached (here at least 😉). The video explains why I think all of the following coins should remain on "This Week's Hotness" list. ---- Despite our pullback in the markets, there are still some good trade setups to be found. Here are the coins that I have on “This Week’s Hotness” list: LCX, CULT, SNX, CHZ, SKL, AAVE, EOS, Comp, FOX, Luna (wluna), AMP, DNT, ACH, ASM, Coval, IOTX. As always, the standard warnings apply. Always keep your eyes on the big dawg, BTC. Never risk more than you can afford to lose. Don’t bet it all on one trade. Diversify your portfolio. Be disciplined about your entry/exit points. Set stop losses. Etc. Best of luck to you all! - Stew ⛓️ 🔗 Useful Links 🔗 ⛓️ (see below - especially my signature 😉 )
COINBASE:IOTXUSDLong
by stewdamus
GBPCADMight be looking at an expanding running flat correction wave here. Phase "1" may be a bit over extended but the pattern may still be valid. We also have strong support at this level and is in accumulation stage potentially. Maybe we can get between 38 to 61% of the most recent high at some point down the road. I might've got n a tad bit early as the RSI hasn't reached an oversold point just yet. However, should be interesting how this plays out. Stop loss is set regardless for risk management.
Long
by Redimere_91