BTCUSD Sell/ShortNew idea for BTCUSD is a swing trade short/sell since BTCUSD has clearly broken out of its ascending wedge. TP and SL has been provided on the charts. Quick trading update.
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NAS100 SHORT TRADE IDEA, NOW THE TIME TO JUMP TO LOWER TIMEFRAMEHello Traders, i Already done the Full Analysis on the FX:NAS100 and it played perfectly now we all know what gonna happen it the time for the :
- DISTRIBUTION, exactly what that means it means a big move so we have to find our Entry to do so we have to jump on LOWER timeframe LIKE 15MIN or 1H and Enter, this is just the UPDATE for the ANalysis if you want me to do a lower timeframe Setup entry let me know on the comment section!
Gold- Today could be Pivotal Day for Market Direction"As explained in yesterday's video, Gold is still in a bearish structure overall.
However, after the incapacity to break under 1855 during the trading day, I decided to close my short trade with a minimal 30 pips loss and decided to wait and see.
As the title suggests, today is a very important day for Gold traders, and after inflation and FED minutes the direction could become more clear.
On one hand, as I explained, Gold is still bearish overall, and a spike up and reversal during the day could reinforce this outlook and could very well put a top in place.
On the other hand, a spike down and reversal to the upside or a direct rise and daily close near the top of the range could mean a reversal of the longer-term trend to the upside.
XAUUSD Possible Reversal Breakdown on the 1H TimeframeHello traders, this is a Gold analyse still bullish for the moment but the drop will be certain why as we can see our momemntum to the upside is slow compared to the drop that we had recently from the FOMC News event the Drop from 1947 compared to this is Just a Pullback so we may have to enter for a reversal on a better price action meaning on a Premium, it start from 1881!
EurAud- Drop to 1.63 zone again?Two weeks ago I warned about the possibility of a drop to the 1.63 zone for the EurAud pair.
Indeed, the pair dropped, recovered quickly though, and got back above 1.65 again.
However, looking at the daily posted chart, we could see that 1.66+ is a very strong ceiling and the pair keeps reversing from above that figure.
At the time of writing the pair is flirting again with the 1.65 zone and we could have a break down soon.
That being said, I'm bearish EurAud as long as the price is under 1.66+ and I expect another drop to 1.63
Bitcoin could dive soonAfter the reversal from 25k and the reach of my target at 28.500, Bitcoin started to consolidate.
Friday we had a new attempt to reconquer resistance and bulls failed again and BtcUsd started to fall again.
At the time of writing the price sits on confluence support, but the structure is not bullish at all and we could witness a break down
In such an instance, the first target for bears is 25k horizontal support, but, in the longer-term 21k is not out of the question.
I'm bearish on BTC as long as the price is under 28.500
GbpAud- Will it change the trend?Since last September, GbpAud was on the run, with the pair gaining 4k pips in 11 months.
However, after touching the important 2.0 zone, the pair started to roll back down and gave back 1k from these 4k pips.
At this moment, the pair is still in an up trend, but is trading very close to the ascending trend line and is flirting again with an old resistance zone.
Yesterday's candle is a bearish engulfing that suggests a down move.
Continuation to the downside could lead to a break of the trend line and, in such a case, the pair could drop to the next important horizontal level of support at 1.83
GBPUSD SHORT SETUP ON A 1H TF Hello traders, this is a possible short setup for FX:GBPUSD , the overall trend still bearish there's no confirmation yet to get on a bullish movement it may be just a pullback for the moment! IF you agree comment Below!
XAUUSD Long Setup Entry!Hello traders This is a Long Setup on OANDA:XAUUSD , With a great RR 1:8 What do you think ?
Binance coin could dive hardFor 2 months now, Binance coin has been trading in a 10% range between 205 and 225.
The coin looks without any power and, considering the problems from Binance, we could expect a break of the support on which the coin is standing now.
In such a case, BNB could dive hard towards 140,
180 low from mid-June last year could also offer interim support
I'm bearish this coin as long as the price stays under 225 on a daily bases close
GbpJpy- Drop ofter confluence resistance test?In my previous analysis on GbpJpy, I said that the pair could rise and test confluence resistance at around 183.
Friday's close found the pair exactly in that level and after the gap from Monday's open, the pair continued down.
At this moment the pair is trading in the support given by the recent ascending trend line and a break above this level is probable.
In such an instance, continuation is probable and the paint could reach the previous low.
I'm bearish as long as the price stays under 183
USDCAD LONG POSITION SETUP 4H Hello Traders this is the Refined setup whithin the 4H timeframe, if you already saw the HTF breakdown you will notice why i choose the Long Setup because we still on a bullish trend obviously and the setup is in a discounted price action so if you didn't see the HTF analysis you should view it and read the description if you saw all the description and analysis for the USDCAD let me know if you agree or not in a comment bellow
USDCAD DAILY BREAKDOWN FROM A HIGHER TIMEFRAME VIEWPOINT Hello Traders, This the Daily Breakdown for FX:USDCAD on The daily timeframe we already took the monthly and weekly analysis you can check it on #Related ideas what new on this daily analysis!
The daily analysis we find our Daily setup entry on a discounted o price with a clear P.O.I below the FVG " Fair value Gap " or IMB, that what we found and we also indentified the daily range and our next Target which is 1.3670. We gonna refine the OrderBlock on the 4H So stay Tuned For it!!
Daily XAUUSD Breakdown, in Deep AnalyseHello traders, this the OANDA:XAUUSD breakdown from HTF prespective, overall trend is Bearish and Daily we may see a pullback to 1922 then a drop to 1754 That where we heading toward if we don't pullback now we may reach the area of 1735 - 1744 Sonner, but after this drop, we may get a pullback
Silver- Bear trend is the name, sell rallies is the gameIn my Saturday video analysis, I said that Siver could drop and test the 21 zone.
XagUsd dropped hard and even exceeded my target. After the low under 21, Silver started to consolidate and recovered some losses.
The recent price action is carving a small double bottom on our chart that could lead to further gains.
However, considering the strong down pressure, I do not recommend buying into correction but selling rallies above the double bottom's neckline
A good place for searching entry signals is the zone between 21.50 and 21.80
The target could be set in the recent low zone at 20.80
NzdJpy is entering sell zoneLike all the Jpy pairs, NzdJpy was also affected by the BoJ verbal intervention and in this case, we have a drop of 300 pips.
After the sudden drop the pair started to recover losses and at this moment is approaching a strong sell zone.
Traders could look for weakness signs in this zone and the target could be set in the recent low zone.
Also, the 85.50 zone could offer a good target for swing traders
GbpCad could drop to 1.6After the low in September last year, GbpCad started to rise with a first very aggressive leg-up of 2500 pips from October to mid-December.
However, after the top from December, the rise was contained in a big rising wedge to August, a double top marked the end of this rise and we have 3 very important breaks following: first, the break under the rising wedge's support, followed by the break of the neckline of the double top and finally the break under important horizontal support of 1.67.
Recently the pair have made a local low in the 1.64 zone and now is in a recovery mood.
Considering the 3 important breaks that you just talked about, we could consider a trend change for this pair and, this recent rise to test the broken support, now resistance, could offer traders an opportunity to join the recently formed bear trend.
In conclusion, traders should look for signs of reversal and set a target at the 1.6 zone for their short trades.
Note: when you set your stop loss, keep in mind that GbpCad is an extremely volatile pair
GBPJPY Sell/ShortGBPJPY
SELL/SHORT
Entry: 181.972
Stop Loss: 183.208 (75 PIPS)
Target:
TP: 176.511
SWING TRADE
Risk: 2-5% of Capital
Gold- New low and reversal after?As I said yesterday, Gold is approaching a very strong support level, and considering the 1k pips drop in only a few days, a correction is probable.
Yesterday's price action was very volatile, also suggesting the bottom is near.
Although XauUsd could correct up without making a new low, considering the trend is strongly down, from money management and R:R perspective, only a buy in 1805-1810 would make sense.
That being said, I'm looking to buy dips for a new test of yesterday's high.
Nas100- New drop to 13500?In mid-September, I wrote that Nas100 could drop to 14500 support.
Indeed, this target was hit on 28 September and a correction followed from this support level.
Yesterday, all this up correction was negated by a strong red candle and a local high could be in place.
My bearish outlook for indices is unchanged and, in the Nasdaq case, I expect a new leg down to the 13500 zone.
Rallies should be sold in search of good risk:reward.
GbpJpy- Keep a close eye at 183.50 zoneAfter the high for the past 5 years close to 187, as it was normal, GbpJpy started to correct.
Recently, the pair reached the 181 zone and here we have a small double-bottom, with its neckline broken yesterday.
This suggests a continuation to the upside and a rise around the 183.50 zone.
However, considering that this level acted both as support and resistance in the past 2 months and also is confluent with the falling trend line from the top, traders could look for opportunities to sell, in anticipation of a new leg down.
The target could be set in recent's low zone and negation comes with a daily close above 184.50
AudJpy- Where to sell for 1:3 R:R?Yesterday, like all the Jpy pairs, AudJpy was also affected by the verbal intervention from BoJ.
The pair dropped quickly 200 pips, but more importantly, it broke under important confluence support at 95.
This level is offering now a good resistance point and, with the pair in recovery at this moment, rallies should be sold.
In conclusion, prices close to 95 are good opportunities for bears and, considering a target at 92 next important support, a good 1:3 R:R could be achieved
UsdCad- Constructive price action after 1.34 testRecently, UsdCad dropped under 1.35 support just to test the next important support from 1.34.
Since that low on 20 September, the pair started to rise again and now is trading back at the old support now resistance and important 1.35 figure.
The rise is painting an ascending triangle on our chart and this usually means up continuation.
A break above resistance would bring confirmation and the pair could rise back to test the 1.3650 zone.
A drop under 1.3450 would put the pair in a range trading mood.
