XLMUSDT Descending Channel| Volume Influx| 200 EMA| Price ActionEvening Traders,
Today’s analysis – XLMUSDT- trading in a defined descending channel that is likely to break bullish,
Points to consider,
- Price Action Impulsive
- Weekly S/R Support
(.618 Fibonacci & 200 MA)
- Daily S/R Objective
- Declining Volume
XLMUSDT’s immediate price action is trading in a bearish market structure until proven. This will only come to fruition on a bullish break.
The Weekly S/R is current support that is in confluence with the Weekly S/R and .618 Fibonacci. Price Action retracing here is likely to respect the level.
The Daily S/R is current objective, breaching this level will likely increase the probability of continuation.
Current volume profile has an influx after declining, this is indicative of momentum picking up in the immediate short term.
Overall, in my opinion, XLMUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
‘’No one strategy is correct all the time’’.- John Paulson
Stochastic Oscillator
QTUMUSDT|Range Low S/R|200 DMA|Declining Volume|PA|Stoch CrossEvening Traders,
Today’s analysis – QTUMUSDT- trading in a defined range, Range Low has a probability of being tested,
Points to consider,
- Price Action Trending
- Range Low Support
(200 DMA & .618 Fibonacci, Confluence)
- Range- Mid Resistance
- Declining Volume
- RSI Bullish Control
- Stoch Buy Cross
QTUMUSDT’s immediate price action is bullish above Range Low, back test and hold of the 200 DMA increases the probability of a higher low.
Range Low S/R is support that is in confluence with the 200 DMA and .618 Fibonacci, back testing these regions allow for a risk defined entry.
Volume is currently declining which is indicative of an influx, this usually occurs at key trade location such as the Range Low.
The RSI is trading in its Bullish Control Zone, holding these regions are indicative of strength in the market. Current Stochastics has a buy cross coming to fruitions, confirmation will signify a momentum shift.
The Range-Mid is current resistance, breaking this level with conviction will negate the trade idea.
Overall, in my opinion, QTUMUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
DOTBTC Local S/R| Declining Volume| Swing High| Price ActionEvening Traders,
Today’s analysis – DOTBTC – trading above Local S/R forming a potential higher low,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- POC Resistance
- Declining Volume
- Double Bullish Divergence (RSI & Stochastics)
- Swing High Objective
DOTBTC’s immediate price action is showing strength at Local S/R, respecting this level allows us to have a bullish bias.
The current resistance is the local POC, breaking this level with conviction will increase the probability of a structural higher low.
Volume is on a decline which is indicative of an influx at a key trade location, currently being at one.
There is a valid double bullish divergence, the RSI and Stochastics are showing a higher low in respect to price action making a lower low, again signalling strength.
Overall, in my opinion, DOTBTC is a valid long with swing higher being the objective. Price Action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
Trading is mostly a waiting game. if you want action that happens on your own terms, you’re in the wrong field.
AUDNZD Local S/R| .382 Fibonacci| Daily S/R| Price Action Evening Traders,
Today’s analysis – AUDNZD- trading above Local S/R, holding this level is indicative of strength,
Points to consider,
- Price Action Impulsive
- Local S/R Support (.382 Fibonacci Confluence)
- Daily S/R Objective
- RSI Bullish Control Zone
AUDNZD’s immediate price action is impulsive above Local S/R that is in confluence with the .382 Fibonacci. Price Action has a high probability of respecting this level.
The Daily S/R is current target, breaking this level will increase the probability of trend continuation.
Current RSI is trading in its respective bullish control zone, remaining in these levels is indicative of strength in the market.
Overall, in my opinion, AUDNZD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
EURAUD Local S/R| Swing High| 200 MA| Price Action Evening Traders,
Today’s analysis – EURAUD- trading above Local S/R where a back test is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support (.382 Fibonacci Confluence)
- Swing High Objective
- 200 MA Resistance
- RSI Bullish Control Zone
EURAUD’s immediate price action is impulsive above Local S/R, a bullish retest of this level is likely due to technical confluence with the .382 Fibonacci, this allows for a bullish bias.
Swing High is current objective, this will also take out 200 MA, increasing the probability of testing upper Local S/R.
The RSI is trading in its respected bullish control zone, remaining in these levels is critical in order to maintain strength in the market.
Overall, in my opinion, EURAUD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
EURJPY Daily S/R| 200 MA|.50 Fibonacci| Swing High Evening Traders,
Today’s analysis – EURJPY – rejecting from liquidity with a bearish engulfing, price is likely to find support at Local S/R.
Points to consider,
- Price Action Reverting
- Local S/R support (.50 Fibonacci Confluence)
- Daily S/R Resistance
- RSI Bullish Control Zone
EURJPY’s immediate price action is approaching Local S/R which is in technical confluence with the .50 Fibonacci, price action has an increased aprobability of bouncing here.
Swing High is the current objective, exceeding this level will increase the probability of testing Daily S/R.
Current RSI is trading in its bullish control zone, mantining these levels will indicate strength in the immediate short term.
Overall, in my opinion, EURJPY is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee
EURNZD Oversold Bounce| Long Liquidity| .50 Fibonacci| Local S/REvening Traders,
Today’s analysis – EURNZD- trading at oversold conditions approaching long liquidity, a bounce here is probable.
Points to consider,
- Bearish Price Action
- Untapped Long Liquidity
- Local S/R Resistance (.50 Fibonacci Confluence)
- RSI Oversold
EURNZD’s immediate price action is bearish under local S/R, this allows us to have a bearish bias on the market.
Price action is likely to have a bounce at long liquidity, this allows for a long scalp play into local S/R.
Local S/R being the objective and in confluence with the .50 Fibonacci, a bearish retest here is probable.
The RSI is in oversold conditions, indicative of an oversold bounce play coming to fruition as price action deviates back to local S/R.
Overall, in my opinion, EURNZD is likely to revert back allowing for a scalp long into Local S/R. Price Action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
It does not matter how slowly you go as long as you do not stop.”Confucius
ALGOUSDT Local S/R| Daily S/R| Price Action| 200 MA Support Evening Traders,
Today’s analysis – ALGOUSDT- impulse break above Local S/R, holding these levels are deemed bullish.
Points to consider,
- Price action impulse
- Local S/R Support(200 MA Confluence)
- Daily S/R Resistance
- Volume Influx
ALGOUSDT’s immediate Price Action is impulsive, allowing us to have a bullish bias in the immediate short term,
The Local S/R is current support in confluence with the .50 Fibonacci and 200 MA supports; price action testing these areas is likely to be respected.
The Daily S/R is immediate resistance, taking this level out will increase the probability of trend continuation,
The volume profile is indicative of a climatic node, this suggests a true breakout thus follow through is needed to sustain momentum.
Overall, in my opinion, ALGOUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
NZDJPY Daily S/R| .382 Fibonacci| Volume Influx| Price Action Evening Traders,
Today’s analysis – NZDUSD- impulse breaks above Daily S/R, confirming an S/R Flip Retest is critical for uptrend momentum.
Points to consider,
- Price Action Impulsive
- Daily S/R Support (.382 Fibonacci Confluence)
- Swing High Objective
- Range High Target
- RSI Bullish Control Zone
- Valid Volume Influx
NZDJPY’s immediate price action is bullish above Daily S/R, holding this level allows us to have a bullish bias on the market,
The Daily S/R is support that is in confluence with the .382 Fibonacci, price action respecting this level will deem acceptance above.
Swing high is immediate objective, clearing this level will make the immediate target upper Daily S/R Resistance.
The RSI is in its respective bullish control zone, again maintaining this region is critical for price action strength.
There is a valid volume climx indicating a true break of a level, follow through is needed for continued strength in price action.
Overall, in my opinion, NZDJPY is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee
EURJPY Daily S/R| 200 MA| .50 Fibonacci| Swing High Evening Traders
Today’s analysis – EURJPY- trading above Local S/R with a strong reaction from the .50 Fibonacci, further upside probable.
Points to consider,
- Price Action Impulsive
- Local S/R Support (.50 Fibonacci & 200 MA Confluence)
- Swing High Objective
- RSI Bullish Control Zone
- Volume Declining
EURJPY’s immediate price action is impulsive above Local S/R, this allows is to have a bullish bias on the market.
Local S/R is current support in confluence with the 200 MA and .50 Fibonacci, price action has successfully respected this level with a buy back.
The swing high is the immediate target, price action exceeding this level will likely continue trend.
Current RSI is trading in its respective bullish control zone; holding above this level shows strength in the immediate short term.
The current volume profile is declining, an influx is required to maintain trend continuation, and failure is bearish.
Overall, in my opinion, EURJPY is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” ― Yvan Byeajee,
USDCHF Swing Low| 200 MA| Daily S/R| Price Action Evening Traders,
Today’s analysis – USDCHF- price action impulse from oversold conditions, further upside probable,
Points to consider,
- Price Action Impulsive
- 200 MA Support
- Swing High Objective
- Daily S/R Target
- Increasing Volume
- RSI Bullish Divergence
USDCHF’s immediate price action is impulsive where taking out swing high will allow us to have a bullish bias.
The 200 MA Support has been well respected, price coming for a back test and holding will allow for a long entry.
The Daily S/R is immediate target that is likely to be tested upon first attempt as this is a critical level.
Current volume profile is increasing; bull volume is critical for sustained follow through in price.
Furthermore, the RSI is trading at its respected bullish control zone, maintaining this level is critical; losing will increase the probability of a deeper pull back.
Overall, in my opinion, USDCHF is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember!
“This lack of support is not simply an absence of encouragement. It can be as deep as the outright denial of some particular way in which we want to express ourselves.”
― Mark Douglas
COTIUSDT Range High| 200 MA| .50 Fibonacci| Price Action Evening Traders,
Today’s analysis – COTIUSDT- impulsive price action above range high, holding this range shows strength in price action
Points to consider,
- Price Action Impulsive
- 200 MA Support (.50 Fibonacci & 21 MA Confluence)
- Range High Resistance
- Oscillators Bullish
- Low Volume
COTUSDT’s immediate price action is trading above range high with impulsive price action; this allows us to have a bullish bias on the market.
The 200 MA is current support that is in confluence with the .50 and 21 MA, thus a bounce here is probable as evident.
Range High is immediate resistance, breaking above this level will deem trend continuation.
Oscillators are both bullish, maintaining their respective bullish control zones will indicate strength. The RSI has respected its 50 mid whilst the Stochastics is approaching as valid buy cross.
The current volume profile is below average after a climatic influx, this marked a temporary bottom in price. Bull volume follow through is now needed to sustain bullish momentum.
Overall, in my opinion, COTIUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this helps!
Thank you for following my work
And remember,
“Only The Game , Can Teach You The Game” – Jesse Livermore
AUSDUSD Daily S/R| Swing High| .618 Fibonacci| Volume Influx Evening Traders,
Today’s analysis – AUDUSD- respecting Daily S/R with an influx, currently trading towards a bearish retest,
Points to consider,
- Price Action Impulse
- Daily S/R Support
- Local S/R Resistance (.618 Fibonacci)
- Oscillators Neutral
- Volume Influx
AUDNZD’s immediate price action is impulsive; confirming a bearish retest of Local S/R allows us to have a bearish bias on the market.
The Daily S/R has been respected, a back test of the level must be held on continued downwards probable.
Local S/R is in confluence with the .618 Fibonacci, thus a rejection on first attempt is probable.
Both oscillators are neutral, extending into overbought conditions increases the probability of a reversion.
Currently there is a valid volume climax, indicating a temporary bottom in place as price action finds its equilibrium.
Overall, in my opinion, AUDNZD is a valid short with defined risk, price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
A streak of winning trades can boost your ego and self-confidence to such an extent that you start believing that you’re invincible. If that is the case, try to take a break from trading to calm your emotions down.
AUDUSD Daily S/R| 200MA| .618 Fibonacci| Price ActionEvening Traders,
Today’s Analysis – AUDUSD – price action impulse above local S/R where a back test is probable to confirm support.
Points to consider,
- Price Action Impulse
- Local S/R Support (.382 and 200 MA)
- Daily S/R Resistance
- Oscillators extended
- Volume Increasing
AUDUSD’s immediate price action is bullish above Local S/R, this allows us to have a bullish bias on the market.
Local S/R is immediate support that is in confluence with the .382 Fibonacci and 200 MA, a bounce here is probable on first attempt.
Daily S/R is current resistance that needs to be breached for trend continuation, failure will be bearish.
Both oscillators are over-extended; a reversion to their mean is likely, remaining mainlining in their bullish control zones is critical.
Immediate volume is below average, an influx is needed for trend continuation, epically when testing key trade locations,
Overall, in my opinion, AUDUSD is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember!
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
USDJPY Local S/R| VWAP Support| Swing Low| Rang Mid| PA Evening Traders,
Today’s Analysis – USDJPY- Trading above Local S/R, back test will confirm the level as support.
Points to consider,
- Price Action Impulse
- Local S/R Support (.382 Fibonacci & VWAP Confluence)
- 200 MA Resistance
- Oscillators Neutral
- Increasing Volume
USDJPY’s immediate price action is impulsive above Local S/R, this allows us to have an immediate bullish bias.
The Local S/R is in confluence with the .382 Fibonacci and VWAP, a bounce here is probable.
The current 200 MA Resistance is holding price down, breaking this will make the immediate target range mid.
Both Oscillators are currently neutral, remaining in their bullish control zones shows immediate strength in the market.
The volume profile is increasing, this needs to sustain for continued follow through in price action.
Overall, in my opinion, USDJPY is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
In trading, everything works sometimes and nothing works always.”
USDCAD Daily S/R| 200 MA|Local S/R|.618 Fibonacci|Price ActionEvening Traders,
Today’s analysis – USDCAD – breaking back above Local S/R with technical confluence, Daily S/R target,
Points to consider,
- Price Action Impulse
- Local S/R Flip
- 200 MA & .618 Fibonacci Confluence
- Oscillators Neutral
- Increasing Volume
USDCAD’s immediate price action is impulsive above local S/R where confirming a bullish retest will allow us to have a bullish bias.
The Local S/R is in confluence with the 200 MA and the .618 Fibonacci, thus a bounce here is probable.
Both oscillators are neutral, maintain in their respective bullish control zones will signify strength in the immediate short term.
The volume profile is currently increasing, indicative of further momentum stored when price trades near a key trade location, the Local S/R.
Overall, in my opinion, USDCAD is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
GBPUSD Local Range| Bearish Retest| Range Low| Volume InfluxEvening Traders,
Today’s Analysis – GBPUSD- deviating back into local range with range low being the target,
Points to consider,
- Price Action Impulse
- Rang Mid Support
- Range Low Target
- Oscillators Extended
- Volume Influx
GBPUSD’s immediate price action has confirmed a bearish retest; this allows us to have a bearish bias.
The local range mid is current support, this level is in confluence with the 200 MA that has been lost.
Range low is likely to be tested, this area is the immediate target, breaking below will have revised targets.
Both oscillators are overextended; a reversion to their mean is probable which will coincide with an oversold bounce
.
The volume profile has a valid climax, climatic volume is suggestive of a temporary top/ bottom being in place as price find its equilibrium.
Overall, in my opinion – GBPUSD – is a valid short with defined risk, price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
It does not matter how slowly you go as long as you do not stop.”Confucius
ETHBTC Dynamic S/R| 200 DMA| .618 Fibonacci| Declining Volume|Evening Traders,
Today’s Analysis – ETHBTC- trading at a key trade location where a pivotal move is probable.
Points to consider,
- Price Action Higher Low
- Support Zone Confluence
- EMA Ribbon Resistance
- Oscillators Extended
- Declining Volume
ETHBTC’s immediate price action is trading on its dynamic support, maintaining higher highs and higher lows in market structure. This allows us to have a bullish bias on the market.
Support Zone has multiple technical confluences – 200DMA, .618 Fibonacci, and Daily S/R. A bounce here is highly probable upon first test.
Immediate resistance is Daily EMA Ribbon that is in confluence with range-mid. breaking this level will likely test upper Daily S/R.
Both oscillators are extremely oversold, and oversold bounce play has a high probability of occurring.
The Volume profile is clearly declining, this is indicative of an influx coming to fruition when testing key trade locations.
Overall, in my opinion, ETHBTC is a valid long with defined risk, price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
“Don't blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah
ZECUSDT Dynamic S/R|Golden Pocket|200DMA|Range High|Price ActionEvening Traders,
Today’s analysis – ZECUSDT – trading at a key trade location where an impulse move is probable,
Points to consider,
- Price Action Pivot
- Range Mid Support ( Technical Confluence, Golden Pocket & 200 DMA)
- Range High Resistance
- Oscillators Divergence
- Increasing Volume
ZECUSDT’s immediate price action is holding support with technical confluence; this allows us to have a bullish bias.
The Range Mid is being respected in confluence with the golden pocket and 200 DMA. Price Action has a high probability of bouncing here.
Immediate resistance is considered range high which has been tested recently. Breaking this level will be deemed bullish with further upside.
Both oscillators are currently neutral respectively; momentum will start to pick up when maintaining bullish control zones.
The volume profile is increasing, momentum will sustain with increasing volume, and failure is bearish.
Overall, in my opinion, ZECUSDT is a valid short with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps,
Thank you for following my work!
And remember,
Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets.
Michael Carr