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Sideways

Time For A Pull Back?Hi all, We had a great breakout above the down trend and the neck line together, showing major sign of strength, however got rejected from the dangerous neck line. It's good that it was surpassed and now it's weakened. Downside target of a retracement and a retest of the down trend line happens to intersect with Fibonacci 0.382 at 49.600. If that is lost, we have 47.660 also coincides with Point of control and 45k as the last retracement levels. If 45k is lost, then it's game over :) Upside target, 60k waits as a weekly and physiological target. We should wait until support or resistance levels of the current sideways trading range is broken and verify the direction with a swing failure. Note that there are many bull and bear traps now, so don't FOMO into anything, set your alerts and wait for confirmation before taking action. But hey, what do i know :) Trade safe!
by BitcoinMillio18
3
Silver Futures Trade The Range! Longs and Shorts Silver has been in the current sideways range for 410 days and within this time it had printed its ATH of 30$ back in Feb 21. In August we tested the bottom of the current range to around 22$ with a 11% move to the upside thereafter followed by a strong rejection at 24.90 to push silver back down to the August range Lows at $22 for the back test. We are sitting at the bottom of that range so an obvious choice would be to long or you could wait and see what reaction you get at the levels marked . I have marked the area you can expect support to step in if this were to reject from 24XX for example and break down from the channel . If of course Silver claims that level 23.90 as a support then the middle of the channel will pose some resistances , with the Point of control and the .618 and the middle of channel . Taking some profits if you are long from the bottom would be a good idea or consider shorts from this region . Trade the range Until it Breaks was some great advice that I was taught ! Always Know your Invalidation and Have a Trading Plan ! Share Comment and Like ..Appreciated
COMEX:SI1!
by SJTRADESFUTURES
EURUSD.Trapped in a Tiny Range. Getting ready for the Breakout.EURUSD is trapped in a tiny rage between 1.1700-10 and 1.1745-50. Trend remains down as we can see clearly in the chart. Today's announcement will lead outside these boundaries. Upside Break will open the road for 1.1790-1800. A break below 1.1710 will eventually lead to 1.1660-65. The first touch of 1.1790-1800 could be used for Short term Sell positions. The opposite is true for 1.1660. Next levels to watch are 1.1850 to the upside and 1.1600-10 to the downside. We will update the idea with comments after the announcement...
by Chartist-Trading
GBPAUD 📉Decline to pivot points⚡As of today, ltrym has been trading sideways since July 27th. During this time, clear boundaries and control points of support were formed. Further price movement - when the sideways range is broken, I expect a descent to the pivot point and back into the range - a false exit. We are also now at the lower boundary of the local ascending channel. If we break it, then we go down to the border of the range and push off from it. The second idea has more chances of implementation, since the sideline is quite old, which means its boundaries are quite strong. Have a nice trade!
Short
by TradingAlchemist
3
Weekly TA: BTC-USD (20th Sept)BTC witnessed a volatile last week as it traded in a range of $44,000 to $49,000, it faced strong selling pressure at the higher levels which triggered the downside rally. However, it closed the weekly candle in the green territory and formed a Doji kind of a candlestick pattern. Crypto markets started this week with negative sentiments as the top crypto assets fell by ~5-10%. After gaining more than 60% from its July low levels, BTC seems to have started its pending contraction move as it is trading ~10% from its recent high of $52,945. Massive selling pressure is present in the range of $50K to $52K. As per the Fibonacci retracement levels drawn by connecting the July lows to the recent high, BTC is managing to sustain above its 0.382 level which is placed at $43,590 . On the higher side, the immediate hurdle is present at $46.5K , post this, the next potential sell wall is present at $48K followed by the psychological level of $50K . On the lower side, the nearest support is present at $43.8K and if this level is broken decisively, selling pressure can continue till the level of $42K followed by $40K .
by TradeDog-Research