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EURNZD Give it some time. I know my analysis are simple but it's like that to not confuse you with fancy tools and stuff. Previous candle still had bull volume kicking in at a resistance point. Price usually rejects this price level looking left and may be ready to retest the previous low. We never know when but the signs are there. Mac D is also losing momentum again and we may be coming off an impulsive wave here soon which means price could be exhausting at the current price level. Let's see what happens. You can also argue that this is a triple top chart pattern. Happy trading. Smart money will continue to test highs to get fomo retail traders sucked in weak positions. Let time play its story!
Short
by Redimere_91
CADJPYLooks like price may be exhausting and may setting a resistance level here at some point before testing the previous lows. I would love to see 38% retracement or greater on the 1 hour. The 1 hour and monthly seem to match regarding the mac d. Price has been gaining strength recently with volume declining on the 1 hour. Let's see how this plays out. On the previous months candle, we have a wick possibly closing on above average volume with the newest month opening below the previous candles open. I know JPY is pumping money into the economy. I don't know how much longer that will last.
Short
by Redimere_91
AUDJPYLooks like the previous high was broken on the 1 hour timeframe. The Mac D has crossed over to the top side. RSI is also overbought. AUD strength may e exhausting at this level and may be close to time for a retracement. Would like to see a retracement of 38% or greater towards the previous low which was the last time the mac d was on the bottom side. Price has also been increasing while volume has shown some regression the past few hours. Let's see what happens.
Short
by Redimere_91
SPY (Two Scenarios)Scenario 1: ABC Zig Zag that doesn't turn into bearish impulse. The two previous candles seem as if the bulls tried to push up a bit on average volume. RSI is oversold. Could it make a lower high this week after the massive Friday sell off? This could be the start of an impulse wave to the upside with a minor pullback to what would be a 2 wave. My only doubt here is with the FED raising interest rates to lower inflation from the current 8.50% to the year end goal of 4%/3.75%. Other economic indicators doesn't show enough for me to think positively about this market. Scenario 2: ABC Zig Zag turns bearish impulsive. Weekly RSI is overbought and is crossing down and looks like it wants to test the $361 lows. SPY rose a bit today on low to average volume so I don't really trust big moves to the upside. We have a decent amount of FED speakers this week and I'll be following the economic data. I doubt smart money will feel confident enough to push the market up short term. Regardless, this scenario is the scenario I see playing out in the coming days to weeks. What do you think?
AMEX:SPY
by Redimere_91
$GMLast week (previous candle), we have located a potential market anomaly. A shooting star candle with above average buy volume. I feel like bulls that missed out or still attempting to squeeze juice from the July 11th rally may get some tough days ahead. Price could continue to rise a small bit. However, we are waiting on distribution which should take us to the 2nd wave. We don't know how long this will take. The RSI K/D is starting to cross down from an over bought stance. We are looking for price to reach $35 to $37 at some point. We just completed an ABC expanded flat on the weekly and will be patient to see if a new impulsive wave is coming down the line. At this point, we will be looking to trade each wave so I will update as we go. What do you think?
NYSE:GMShort
by Redimere_91
1
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 70% chance Bitcoin will RISE from our current entry point. 📈 LONG BTC - Entry Price : $22,800 📈 💵 Length of trade: we are expecting BTC to hit a $500 scalp, with a high end of $800, and a minimum expectation of $300. 🕰️ Duration of trade: we are expecting this to occur after 4 hours of this signal, with a maximum duration of 9.5 hours (for the expected profit target); with continuing to 32 hours, if positive momentum extends post market close, into the weekend for breaching the high end target, and above. OUR Last 2 Signals were disappointing... the last was shortly in $100 profit, so at best a minor gain - the one prior to that was a $300 stop-loss hit. We are here with you, putting our personal money down for every signal. Our resolve is with keep the strength of these signals.
Long
by VirlVideo
2
ETHUSDLooks like we are ending a wave 5 on the 15 min time frame. I set a stop at the 161% retracement fibonnaci not show for this one) from the top of wave 4 to the bottom of wave 5 if valid). Looking for a retracement of anywhere between 50% to 61% of the top of wave 4 to create our A wave. We might stat a new consolidation range here so lets see what happens. On the 4 hour time frame the A wave is already made. Price may want to retrace the high before further downside.
FTX:ETHUSDLong
by Redimere_91