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Stochastic Oscillator

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
Short
by The_Alchemist_Trader_
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
Long
by The_Alchemist_Trader_
4
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
Long
by The_Alchemist_Trader_
2
XLMUSDT Weekly S/R| Range High| Pitchfork Median| VPVREvening Traders, Today’s Analysis – XLMUSDT- trading above weekly S/R, diverting to pitchfork median where a move it probable. Points to consider, - Price Action Acceptance - Weekly S/R Support (Pitchfork, EMA Confluence) - Range mid target - Oscillators neutral - Declining Volume XLMUSDT’s immediate price action is getting acceptance back into weekly range; this allows us to have a bullish bias. The Weekly S/R is immediate support that is in confluence with the pitchfork median and 50 EMA. Price is likely to respect this level with a bounce into range mid – target. Both oscillators are evidently neutral, must remain in their bullish territory to maintain strength. Their current volume profile is declining; an influx is highly probable when testing key trade locations. Overall, in my opinion, XLMUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade. “If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.” – Mark Douglas
Long
by The_Alchemist_Trader_
GBPJPY Daily S/R|Supply Zone|Local S/R|PA|Bearish RetestEvening Traders, Today’s analysis – GBPJPY- impulse price action, trading with a bounce from support zone leading into a probable retest of Local S/R, Points to consider, - Bearish Price Action - Supply Zone Support - Local S/R Resistance - Oscillators Over-extended - Volume Declining GBPJPY’s immediate price action is considered bearish, any rallies are now are preluding to bearish retests, this allows us for a bearish bias. The current supply zone is holding true with price action having an evident bounce. Projected Local S/R is resistance that is likely to respected. This will validate a bearish retest in confluence with the .382 Fibonacci and EMA’s. Both oscillators are travelling in respected bearish control zones, this is indicative of weakness in the immediate short term. Volume is also declining, this is considered bearish as price subsequently rises. Overall, in my opinion, GBPJPY 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, “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Short
by The_Alchemist_Trader_
ETHUSDT Weekly S/R| Trend Pivot| Price Action| VPVR| Daily S/R Evening Traders, Today’s second analysis – ETHUSDT- consolidating under key resistance where a breakout is probable upon increasing volume, Points to consider, - Price Action Impulsive - Weekly S/R Resistance - Daily S/R Objective - Oscillators Extending - Volume Increasing - VPVR Low Transactions ETHUSDT’s immediate price action is impulsive, breaking key Local S/R. Price action is currently trading below Weekly S/R, breaking this level will allow us to maintain out bullish bias on the market. The Daily S/R is current objective; price action is likely to reach this level due to low volume of transaction – reflected by the VPVR. A rejection from the weekly S/R will increase the probability of back testing Local S/R; this will confirm an S/R Flip Retest. It’s also important to note that this area is also in confluence with the POC. Both oscillators are over-extended; a reversion to their mean is probable which will coincide with a pull-back in price action. The volume profile is increasing; this needs to sustain for further follow through in price action. Overall, in my opinion, ETHUSDT is a valid long above Weekly S/R; price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work And remember, The goal of a successful trader is to make the best trades. Money is secondary. – Alexander
Long
by The_Alchemist_Trader_
2
LTCUSDT Daily S/R|Swing High|Volume Climax|EMA Ribbon|PAEvening Traders, Today’s analysis – LTCUSDT- breaking above key Daily S/R, a back test of the level will allow for a long position. Points to consider, - Price Action Impulse - Daily S/R Support (.50 Fibonacci Confluence) - Upper Daily S/R Resistance - Oscillators Extended - Volume Climax LTCUSDT’s immediate price action is impulsive; breaking key levels, confirming an S/R Flip Retest of Daily S/R will allow us to have a bullish bias. The Daily S/R support is in confluence with the .50 Fibonacci and EMA Ribbon bull cross. This area holding true allows for risk defined entries. Daily S/R resistance is immediate target, LTCUSDT breaking this level will prove to be extremely bullish. Both oscillators are overextended; a reversion to their means is probable. There is also a valid volume climax node signalling a temporary top. Follow through here is important for sustaining a bullish bias. Overall, in my opinion, LTCUSDT 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! “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
Long
by The_Alchemist_Trader_
EURJPY Daily S/R|.382 Fibonacci|Bear Impulse|Oversold conditionsEvening Traders, Today’s second analysis – EURJPY- impulse sell into Daily S/R where a bounce is probable allowing for a short on low volume. Points to consider, - Price Action Impulse - Daily S/R Support - .382 Fibonacci Resistance - Oscillators Oversold - Bear Impulses EURJPY’s immediate price action is looking bearish; a bounce on low volume will allow us to maintain a bearish bias. The Daily S/R is considered immediate support; here a bounce initially is probable – currently being the case. The .382 Fibonacci is likely to get tagged before further downside momentum. Exceeding above this level will negate our bearish bias. Both oscillators are trading at oversold conditions, this greatly increases the probability of an oversold bounce play. Current volume profile is impulsive; bull volume is required for follow through. Failure will increase the probability of a breakdown. Overall, in my opinion, EURJPY 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, “There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.” ― Yvan Byeajee,
Short
by The_Alchemist_Trader_
NZDCHF Daily S/R|Impulse Sell|Support Zone|Oversold Bounce| PAEvening Traders, Today’s Second Analysis – NZDCHF- breaking below Daily S/R with an impulse, an oversold bounce is probable. Points to consider, - Price Action Bearish - Supply Zone Target - Daily S/R Resistance - Oscillators Extended - Declining Volume NZDCHF’s immediate price action is bearish breaking key daily level; this allows us to have a bearish bias on the market. The initial target is the supply zone; a bounce here is probable as the base of the bullish engulfing resides in confluence. The Daily S/R is crucial resistance; a back test will confirm a bearish retest of the level. Both oscillators are approaching oversold conditions; this increases the probability of an oversold bounce. A volume influx will coincide with this as current volume is low. Overall, in my opinion, NZDCHF 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, “Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
NEOUSDT Dynamic S/R| Apex| Structural S/R| 200 MA| PAEvening Traders, Today’s Analysis – NEOUSDT – respecting Dynamic S/R, a break will be imminent as price is approaching its apex. Points to consider, - Price Action Higher Lows - Dynamic S/R Support - Structural S/R Resistance - Oscillators Neutral - Low Volume NEOUSDT’s immediate price action is trading with a higher low projection, until this is broken; it allows us to have a bullish bias. Dynamic S/R is current support, breaking this level will make the immediate target Local S/R, negating any bullish bias. The Structural S/R is technical resistance that needs to be breached for trend continuation. Flipping this level as support will be considered bullish. Both oscillators are currently neutral with volume being low. An influx is highly probable when testing key trade locations such as the Local S/R. Overall, in my opinion, a trade is ONLY valid when breaking from the apex in either direction, 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
by The_Alchemist_Trader_
2
EURNZD Local S/R| Swing Low| Daily S/R| .618 Fibonacci| PA Evening Traders, Today’s second analysis- EURNZD- trading under Daily S/R where a back test is considered a bearish retest. Points to consider, - Price Action Bearish - Daily S/R Resistance (.618 Fibonacci Confluence) - Local S/R Support (Respected) - Oscillators Neutral - Volume Below average EURNZD’s immediate price action is trading below Daily S/R, this allows us to have a bearish bias on the market. The Daily S/R is also in confluence with the .618 Fibonacci, this enhances the probability of a price rejection occurring. Current Local S/R is considered support that has been respected; breaking this level will be extremely bearish with lower targets. Both oscillators are neutral with volume evidently declining; an influx is highly probable when testing key trade locations such as the Daily S/R. Overall, in my opinion, EURNZD 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, “All statistics have outliers. Money management, therefore, is key to the process of good trading.” ― Yvan Byeajee
Short
by The_Alchemist_Trader_
4
THETAUSDT Local S/R| 200 MA| Bearish Retest| Price ActionEvening Traders, Today’s second analysis – TEHTAUSDT price action breaking trend therefore any rallies are now considered bearish retests. Points to consider, - Price Action Lower Low - Local S/R Resistance (Bearish Retest) - 200 MA Resistance - Oscillators Extended - Declining Volume THETAUSDT’s immediate price action is bearish under Local S/R; this allows us to have a bearish bias on the market. The Local S/R has been flipped resistance; any back tests will confirm an S/R Flip Retest. 200 MA has also been flipped bearish, further adding to the probability of market resistance. Current oscillators are at oversold conditions, price action is likely to have an oversold bounce into Local S/R before trend continuation. The volume is also below average, an influx s highly probable when testing key trade locations such as the Local S/R. Overall, in my opinion, THETAUSDT 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, “Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.” ― yvan Byeajee
Short
by The_Alchemist_Trader_
2
GBPJPY Local S/R| .618 Fibonacci| Swing High| Low volume|PA Evening Traders, Today’s analysis – GBPJPY- trading under Local S/R with bearish price action, further downside probable, Points to consider, - Price action impulse - Local S/R Resistance - .618 Fibonacci & 200 EMA confluence - Low volume GBPJPY’s immediate price action is trading under Local S/R, therefore any rallies are considered bearish retests. Local S/R Resistance is in confluence with the .618 Fibonacci and 200 EMA, adding probability to a bearish retest. Lower Local S/R is projected target, price breaking below will increase the probability of establishing a lower low. The volume climax is currently below average, an influx is highly probable when testing key trade locations. Overall, in my opinion, GBPJPY 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, “Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
Short
by The_Alchemist_Trader_
1
NZDCHF Descending Channel| Local S/R| .618 Fibonacci| Swing Low Evening Traders, Today’s second analysis – NZDCHF – trading in a descending channel where a break bullish is probable, Points to consider, - Price Action Range - Local S/R Support - Daily S/R objective - Oscillators neutral - Volume below average NZDCHF’s immediate price action is range bound trading, breaking bullish from channel will allow for long positions. Local S/R is current support in confluence with the .618 Fibonacci, price action holding this level is crucial for our bullish bias. The Daily S/R is immediate target; price action exceeding this level will lead to a trend continuation. Both oscillators are currently neutral, momentum shifts in either direction is probable based on the current midpoint. Volume is clearly below average, an influx is highly probable at the next trade location. Overall, in my opinion, NZDCHF 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, 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.
Long
by The_Alchemist_Trader_
1
AUDUSD Structural S/R| Dynamic Support| Swing High| Price ActionEvening Traders, Today’s Analysis – AUDUSD – trading above key structural S/R, holding this level will allow for further upside momentum. Points to consider, - Bullish Price Action - Structural S/R Support - Swing High Target - Oscillators Divergence - Low Volume AUDUSD’s immediate price action is being accepted above a key level, price acceptance allow us to have a bullish bias on the market. Breaking the structural S/R bearish will negate our bullish bias in the immediate short term. The Swing high is immediate target, exceeding this level will increase the probability of a trade continuation. Both oscillators are currently neutral; breaking back into bullish control territory will increase the probability of strength in the market. Volume is currently below average, an influx is highly probable when testing the dynamic support as this is the next trade location Overall, in my opinion, AUDUSD 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, “Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
Long
by The_Alchemist_Trader_
2
GBPUSD Long |Range Low| .382 Fibonacci| 200 MA| Price Action Evening Traders, Today’s analysis – GBPUSD- breaking back into range, currently testing range mid, a pull back into range low is probable. Points to consider, - Price Action Impulse - Range Low Support (Technical Confluence) - Range High Target - Oscillators Neutral - Low Volume GBPUSD’s immediate price action is impulsive, follow through will allow us to have a bullish bias on the market. Range Low is in confluence with the .382 Fibonacci and 200 MA, price action is likely to be respect this region upon first test. The Range High is immediate target, price action breaking this level will very bullish in the immediate short term. Both Oscillators are currently neutral, trading in the bullish territory zone, remaining at this zone shows strength. Volume profile is currently below average, an influx is highly probable with the test of range low as this is the next trade location. Overall, in my opinion, GBPUSD 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, “Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
Long
by The_Alchemist_Trader_
4
BTCUSD Trend Analysis| Bullish Price Action| Local RangeEvening Traders, Today’s second analysis – BTCUSD- price action is making consecutive higher lows and higher highs. This allows us to have a macro bullish bias towards the market. Points to consider, - Key Dynamic Support - Price Action Range - Declining Volume The key invalidation for the uptrend will be on a break of dynamic support. BTC has been respecting it as support ever since the covid candle. Immediate price action is likely to range trade towards the rest of the year. The range is from the $10,000 level to the $12,000. The volume profile is still declining, an influx is likely to coincide with a break that is likely to happen years end. Overall, in my opinion, from a trend analysis perspective, BTCUSD is in a bull market, pull backs are considered buy opportunities. Hope this analysis helps Thank you for following my work! And remember, “In trading, everything works sometimes and nothing works always.”
BITSTAMP:BTCUSDLong
by The_Alchemist_Trader_
2
AIONUSDT Dynamic Resistance| Local S/R| Bullish Divergence|200MAEvening Traders, Today’s analysis – AIONUSDT- price action breaking key resistance with candle closes, an influx is highly probable as this is as pivot. Points to consider, - Bullish Price Action - Local S/R Resistance - 200 MA Support - Oscillators Divergence - Volume Below Average AIONUSDT’s immediate price action is bullish by breaking above the dynamic resistance in confluence with the 200 MA. This shows strength which allows us to have a bullish bias on the market. The Local S/R is recent resistance, candle closes within this area is indicative of immediate strength. Here a long trade will be negated with a bearish close below the 200 MA. The RSI has a valid bullish divergence, this is a sign of strength in the immediate term thus a reversal probable. Current volume profile is below average, an influx will be highly probable with the next price expansion. Overall, in my opinion, AIONUSDT 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, “a greater probability of one thing happening over another. In a sense, technical analysis allows you” ― Mark Douglas
ALong
by The_Alchemist_Trader_
2
AUDUSD Swing High| EMA Bear Cross| .618 Fibonacci| Bearish PA Evening Traders, Today’s second analysis – AUDUSD- price finding support at the 200 MA after breaking bearish from Local S/R level, any rallies are now considered bearish retests. Points to consider, - Price Action Bearish - Local S/R Resistance (.618 Fib & EMA Ribbon Confluence) - 200 MA Support - Oscillators Bearish Control AUDUSD’s immediate price action is bearish with impulse breaks; this allows us to have a bullish bias on the market. The current Local S/R is resistance that is in confluence with the .618 Fibonacci and EMA Bear Cross. This gives validity of a valid bearish retest zone. The 200 MA is critical support, breaking below will greatly increase the probability of further downside. Both oscillators are currently in bearish control zones, remaining here is indicative of further weakness in the market. Overall, in my opinion, AUDUSD 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, “Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
Short
by The_Alchemist_Trader_
2
THETAUSDT Broadening Wedge| 200 MA| Range High| Price ActionEvening Traders, Today’s analysis – THETAUSDT – price action trading at range mid in a broadening wedge pattern, a retest of range high is probable. Points to consider, - Bullish Price Action - Dynamic S/R Flip - 200 MA Support - Oscillators Neutral - Volume Below Average THETAUSDT’s immediate price action is holding a higher low projection. Breaking bullish of the descending broadening pattern in confluence allows us to have a bullish bias on the market. The Dynamic S/R has been flipped with a confirmed S/R flip retest. The intra-day target sits at range high where resistance will be expected. The 200 MA is valid support; price breaking below will increase the probability of testing range low. Both oscillators are currently neutral in the bullish control zone respectively. Maintain these levels are indicative of strength in the immediate short term. Volume is currently trading below average; an influx is highly probable when price expansion occurs. Overall, in my opinion, THETAUSDT- 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, “Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
Long
by The_Alchemist_Trader_
GBPAUD Dynamic Support| Apex| Price Action| 200MA| Range High Evening Traders, Today’s Second Analysis – GBPAUD- trading in a clear apex where a breakout will be imminent. Points to consider, - Price Action Apex - Dynamic Support (200 MA Confluence) - Range High Target - Oscillators Neutral - Volume Declining GBPAUD’s immediate price action is at a pivot point, a break in either direction will dictate the overall trend. The dynamic support in confluence with the 200 MA has been respected. Price holding above it is crucial in maintaining a higher low projection. GBPAUD’s bullish break will make the immediate target Range High Both oscillators are currently trading neutral, indicative of a break as this highlights price being in equilibrium. The volume is currently below average, an influx is highly probable when a break comes to fruition. This will help avoid false breaks as price movement will be backed with volatility. Overall, in my opinion, GBPAUD has a higher probability of breaking bullish, thus long trades are valid 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, “He who knows when he can fight and when he cannot will be victorious.” – Sun Tzu
Long
by The_Alchemist_Trader_
NZDUSD Daily S/R| .618 Fib| Swing Low| 200 MA| Price ActionEvening Traders, Today’s Second analysis – NZDUSD – breaking above Local S/R, an S/R Flip Retest will solidify an impulse into Daily S/R. Points to consider, - Price Action Impulse - Local S/R Support (200 MA Confluence) - Daily S/R Resistance (.618 Fib Confluence) - RSI above 50 - Stochastics Sell Cross NZDUSD’s immediate price action is has been impulsive from swing low, confirming local S/R with a close above the 200 MA will signify strength. The Daily S/R in confluence with the .618 Fibonacci is immediate resistance. A respect of this level is likely upon first test as price is getting over extended. RSI is at resistance whilst the stochastics has a valid sell cross coming to fruition. This is indicative of momentum shifting in the immediate short term. Overall, in my opinion, NZDUSD is a valid short at Daily S/R; price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work And remember! “When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.” ― Yvan Byeajee
Short
by The_Alchemist_Trader_
1