Evening Traders, Todays analysis – USDJPY- trading at a key high where a rejection is probable, Points to consider, - Price Action Impulsive - Local S/R Support (.618 Fibonacci Confluence) - Daily S/R Resistance USDJPY’s immediate Price Action is impulsive towards a swing high and a Daily S/R, this increases the probability of a rejection. The current...
Evening Traders, Today’s analysis – UFTUSD – trading above its Daily S/R where holding this level will be quite bullish, Points to consider, - Price Action Impulsive - Daily S/R Support - Swing High objective - Oscillators Neutral UFTUSD’s immediate price action is finding support above its Daily S/.R, confirming a bullish retest will allow for a long...
Points to consider ETHUSDT on the daily is looking quite bullish with a clear objective of taking out the Local Daily S/R. Exceeding this level will increase the probability of testing the Weekly S/R. Being a highly critical level, an influx in volume must be present as this will indicate a true break backed with momentum. The lead up is considered quite...
Evening Traders, Today’s analysis – NWCUSDT- Trading above Daily S/R with the .618 Fibonacci in confluence, Points to consider, - Price Action Impulsive - Daily S/R Support (.618 Fibonacci Confluence) - Long Liquidity Tapped (POC S/R Support) - Oscillators Dynamic S/R (RSI & Stochastics) - Declining Volume - Swing High Objective NWCUSDT’s immediate...
Evening Traders, Today’s Analysis – XLMUSDT- trading under key Weekly S/R, this is a pivot on the weekly time frame, Points to consider, - Price Action Pivot - Weekly S/R Resistance - Dynamic S/R Support - Stochastic Buy Cross - Declining Volume XLMUSDT’s immediate price action is at a pivot point, how price action forms here will help with our...
Evening Traders, Second Analysis – EURJPY – trading in a rising wedge formation where a breakdown is probable. Points to consider, - Price Action Bearish - Local S/R Resistance (.618 Fibonacci Confluence) - 200 MA immediate support - Oscillators Divergence - Volume Declining EURJPY’s immediate price action is bearish, trading in a rising wedge; this...
Evening Traders, Today’s Technical Analysis – XRPUSDT- respecting its range median, a bearish retest will allow for a short entry. Points to consider, - Trend bearish (consecutive lower highs) - Bearish retest (trade entry) - Range median (local support) - RSI and stochastics below 50 - Volume below average XRPUSDT is in a defined lower high projection,...