EURUSD Back Under PressureHi Traders!
EURUSD is now under pressure following the NFP report. Momentum is now back with the US dollar, and further downside momentum looks very likely.
Here are the details:
The market is trending down following the break and close below the 20 EMA. There is a possibility of the market going back below the 1.07 handle.
Preferred Direction: Sell
Entry Level: 1.07458
Stop Level: 1.07961
Target Level: 1.06453
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
Shortsignal
GBPUSD Weakness ContinuesHi Traders!
GBPUSD continues its bearish outlook, and further downside momentum looks very likely.
Here are the details:
The market is trending down, with longer swings consisting of lower highs and lower lows. The previous support level of 1.26034 has been broken, and the market may go back to below the 1.25000 level.
Preferred Direction: Sell
Entry Level: 1.25772
Stop Level: 1.26213
Target Level: 1.24890
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
XAUUSD TECHNICAL ANALYSIS ON THE MONTHLY TIMEFRAME ❗❗Looking at the current structure it makes sense to look for sells in this market as it is at the peak of the mountain 🏆...this is my immediate response to the current market condition however I'm open to anything that could possibly happen..in the meantime I'm bearish unless my resistance can be violated then I'll consider looking for further buys to create a new high💯✈️✈️
GBPJPY D1 - Long SignalGBPJPY D1
GBPJPY surged to peak at 188, subsequently retracing to the 185 handle, which aligns with our identified confluence and buy zone. The strategic elements in play include discernible daily (D1) demand, robust D1 support, and the psychologically significant 185 price level.
Additionally, our protective stops are strategically positioned to encompass the preceding lows, fortifying the integrity of the overall trend structure.
Short NVDA to $317?Traders,
Couldn't help it. Far too enticing to ignore. NVDA price will be attracted to that $317 level like a super magnet. Not only do we have a H&S pattern now in play, but we have that huge gap to be filled. I mean, trades like these don't come around every day! It's a no-brainer here.
Not fin advice. Pure entertainment only.
Stewdamus
BTC Short📌 BTC/USDT SHORT SIGNAL
ENTRY: ~27040
SL: 28238
Leverage: Isolated max. X10
Position Size: max. 15%
1St TP: Exit 25% of the Position @ 25490
Wait on further instructions for full EXIT, lets see how the market behaves.
Note: CME Gap at ~20500USD
High probability that we retrace a third time off the 800EMA (Purple Line) on the 4H chart.
If we do not close above the 800EMA with lots of conviction there is no reason to enter LONG Positions IMO.
Wait on trade update for full exit.
EURUSD Martin 18-09 Short IdeaDaily/4H/1H chart analyse
EURUSD Bearish
Ik verwacht een retracement naar aangegeven imbalance area op de 1H chart die onstaan is op donderdag 14-9 met de sell off tijdens news met de NY sessie.
Sell limit entry: 1.07275
TP nog steeds 1.04925 in Weekly Demand area
SL: 1.07549, denk dat de meeste liquidity wel al gepakt is, maar SL net erboven de laatse paar wicks op de 4H chart.
Daily/4H/1H Chart Analysis
EURUSD Bearish
Expecting a retracement to this imbalance area from Thursdays NY session during news sell off.
Sell limit entry: 1.07275
TP still: 1.04925(Weekly Demand area)
SL: 1.07549, most liquidity is already filled i believe, but SL just above previous 4H hour wicks.
XAUUSD H4 - Short Signal UpdateXAUUSD H4
In all honesty, was expecting a little more from this void once we had breached that 1935/oz price. That being said, we are going to be moving into the NA overlap sessions soon which hopefully should see this setup unfold somewhat with the increase volume the overlap session brings.
Hoping for a dump to 1925 before any corrective play. Following with subsequent lower lows and lower highs.
USDC & SVBIn the past 24 hours, the trading volume of the Bybit USDC/USDT perpetual contract pair exceeded an astonishing $380 million, and the annualized funding rate was as high as 740%
After Friday's stunning collapse of Silicon Valley Bank, questions swirled around the exposure of one of crypto's top firms, Circle, the issuer of the second-largest stablecoin, USDC.
In its March attestation, Circle had revealed that part of its $9.88 billion in cash reserves was held at SVB, although it did not disclose the total amount. Following the collapse of SVB, withdrawals from USDC mounted, with the crypto intelligence platform Nansen showing over $1 billion in redemptions from the stablecoin since SVB's shutdown. USDC has a market cap just north of $40 billion.
As USDC lost its $1 peg across different crypto exchanges amid withdrawals, Circle sought to instill confidence, with the company tweeting at 6:50 pm ET that it would continue to operate normally, sharing that SVB was one of the six banking partners it uses for the 25% of its reserves that it keeps in cash, although still not disclosing the amount held at SVB.
As investors continued to move out of USDC, Binance announced it would be temporarily suspending its auto-conversion policy of USDC to its BUSD stablecoin, citing "market conditions" and describing the action as a "normal risk-management procedural step." At 10:11 PM ET, Circle offered more clarity, tweeting that $3.3 billion—or around 8%—of its reserves remained at SVB, revealing that wires initiated on Thursday to remove balances from the bank had not been processed. Dante Disparte, Circle's chief strategy officer, tweeted soon after that Circle was protecting USDC "from a black swan failure in the banking system."
Meanwhile, USDC's peg continued to weaken, with the token trading at $0.92 against tether on Kraken as of 10:40 pm ET. Coinbase announced it would be temporarily pausing conversions from USDC to USD over the weekend while banks are closed, adding that during periods of heightened activity, conversions rely on USD transfers from banks that clear during normal banking hours. Coinbase worked with Circle to create USDC, launching the token in 2018.
After the FDIC placed SVB into receivership on Friday, the weekend will prove an uncertain time as the financial world waits to see if the U.S. government is able to find a buyer for the failed bank or will otherwise backstop losses, with insured deposits only backed up to $250,000. Former Treasury Secretary Lawrence Summers called for depositors to be paid back in full.
While the crypto industry seems to be safe from SVB contagion for now, with much of the sector moving to Signature Bank and other partners in the wake of Wednesday's voluntary liquidation of Silvergate, Circle could prove the exception. The firm is a fundamental cog in the crypto ecosystem, with USDC serving as a crucial on-ramp into crypto for investors globally.
Some onlookers expressed confidence that Circle would be able to weather the storm. The investor Adam Cochran tweeted that Circle could cover a possible $3.3 billion gap from the interest it collects from reserves, a sale share, or other venture debt. "This is a non-issue in my mind," he wrote.
The hedge fund North Rock Digital CEO Hal Press said that they has continued to buy more USDC at $0.88, having previously bought at $0.935; he believes that USDC will end up fully repegging, a worst case 70% of the cash via asset sales USDC would still be worth 93c.
Resistance Ahead | Chance to ShortChart 3D TF
BINANCE:OPUSDT is in the Ascending Channel and moving up to the resistance around 1.86x
We define confluence zone at that level by the Descending Trend Line + Key Level + Golden Ratio 0.618 Fibo Re
So I expect OP will retrace to 1.5, it's a chance for Short Order
Wait a next move
Doji, Hammer, Pinbar and 7 Divergences ; Right after anotherSeems like there is a short-term dump incoming;
Weekly timeframe RSI divergence made exactly
under the '"May 2022"' resistance and the 0.5% Fib level ,
And there is 3 confirmative candles. Pinbar candle had made last week ,
a Hammer and a Doji candle had made 2 and 3 weeks ago.
If we make a daily candle closed under 30K ,
28K would be the next major support for BTC ,Even 25K after that . (my opinion)
Also all of the 3day ,daily ,12H ,8h ,6H ,even 4H had made RSI divergence.
I'm Bearish on BTC
A Great R/R on GBP/USD Short...A risky play here as GBP/USD rejects and falls back under 1.2667. There are two important highlights about taking a short here:
1) Price is still in an uptrend, so sizing must be small because it is risky to go short without confirmation.
2) That said, the potential reward is MASSIVE - considering a final TP around 1.07 you have a R/R of 17:1
A $100 risk would net you $1,700
EURJPY H4 - Short SignalEURJPY H4
Here is a comparitive, both eurozone base currencies, typically move very similarly due to correlation, the only factors being the length of the rally and the spikes caused from recent interest rate hikes and economic outlooks from central banks. That being said, both following suit to some degree.
I think we are starting to hit the pivot points for correction as mentioned last week, we have just yet to have seen it. An inkling of downside volume last week, can we see this resume again going forward?