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Stochastic Oscillator

EURUSD LongMy overall bias on EU today would be long. Trend line is holding nicely. There has just been a cross over on the Stoch and RSI is looking very bullish. MACD also bullish. Not the best time to buy now but after a reversal (off or close to the trend line) would be a good time to get in. On a fundamental front this week Monday was a read day for the USD and for the EUR is wasn't so positive. Today we've seen some bad data come out of the EUR which tells me we might be seeing price drop soon. There is still quite a lot f data to come out of the US today and we will see how that holds but as for now pretty neutral on the fundamental front. If I was to get into this one it would be based solely on the technical side of things. Let me know your opinions. Have a good week trading guys
Long
by Ethan_FX
2
TRXBTC Inv. Head & Shoulders|Daily Support|Golden Cross|.618 FIbEvening Traders, Today’s Analysis – TRXBTC – breaking out of an inverted head and shoulders where price consolidation above key levels will change the trend. Points to consider - Neckline breached (Pattern Validation) - Daily support breached (Golden Cross confluence) - Structural resistance confluence (Technical target) - Oscillators cooling off - Volume follow through (Continuation) - Valid long on retest (Risk defined) TRXBTC breached its neckline and established a technical higher high; validation of the pattern, bias is now bullish. The daily support level is in confluence with the 200 MA, an official golden cross has also been established, further solidifying the importance of the level. The technical target is in confluence with structural resistance, price action around the area will help with trade management. Oscillators are both cooling off from overextended levels. Retest of daily support will magnet oscillators towards their respective equilibrium (50 levels) before a probable impulse. This allows for a more RISK defined entry. Volume needs follow through for momentum to sustain, this will be key upon a retest of daily support. Overall, in my opinion, a long trade is valid at daily support (retest), the .618 Fibonacci being an over extension. This retest must be backed by volume for follow through, failure will lead to trade invalidation - candle closes below daily. What are your thoughts? Thank you for following my work! And remember, “Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.” - Michael Marcus
Long
by AzizKhanZamani
7
NZDUSD Short |Bearish Divergence|Liquidity Grab|Range ResistanceEvening Traders, Today’s Analysis – NZDUSD- trading at key range resistance with bearish price action. Points to consider, - Macro trend bearish - Range resistance (Pivot) - Range Midpoint (immediate target) - Oscillators diverging - Volume below average NZDUSD’s macro trend is bearish with consecutive lower highs, this projection give us a bearish bias on the market. Price is at a key pivot point – range resistance- candle closes above this level will negate the short. The Range midpoint is the objective, price breaking through this level will increase the probability of testing range support. The Oscillators both are diverging from price, putting in lower highs; this is an indication of weakness in the market. Volume is trading below average, an influx is highly likely as we are at key structure anticipating a probable influx due to the double bearish divergence playing out. Overall, in my opinion, NZDUSD is a valid short with defined risk above structural resistance, immediate target being the range midpoint and beyond. Any moves are to be backed with increasing volume to avoid false breaks. What are your thoughts? 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
Short
by AzizKhanZamani
7
GBPJPY Short Trade|Daily Resistance| RSI Trend| Range Midpoint Evening Traders, Today’s Analysis – GBPJPY- back tested daily resistance after impulse sell, breaking dynamic support will make the immediate target range midpoint and below. Points to consider, - Macro trend bearish - Daily Resistance (back tested) - Dynamic Support (objective) - RSI uptrend - Stochastics bear cross - Volume below average GBPJPY’s macro trend is bearish with consecutive lower highs; this projection gives us a bearish bias on the market. Price put in a liquidity grab above daily resistance, trapping in long buyers; this is evident due to the impulse sell back into the range. The Dynamic support is the next objective, breaking this will increase the probability of testing lower structural levels. The RSI is in a clear uptrend, breaking its support line will coincide with a breakdown in price. Stochastics has a valid sell cross, indicating momentum is shifting in the market. Volume is clearly below average, an influx is highly probable as price is at a key technical trade location. Overall, in my opinion, GBPJPY is likely to test range midpoint if this indeed is a liquidity grab. A short trade is valid with defined risk. Breaking key levels need to be backed with increasing volume to avoid false breaks. What are your thoughts? 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
Short
by AzizKhanZamani
BTC Short| Dynamic Resistance|.618 Fibonacci| Bearish DivergenceEvening Traders, Today’s Analysis – BTCUSD- at key technical level where a short trade is valid with defined risk. Points to consider, - Rising wedge pattern - Local support (technical target) - Dynamic Resistance - Oscillators bearish divergence - Volume below average BTCUSD is trading in a probable rising wedge with the technical target in confluence with local support. Resistance is strong with multiple technical confluences, which are the .618 Fibonacci and the dynamic resistance. Price closing above these levels will negate the trade. The oscillators both have bearish divergence; this shows weakness in the current price action. Volume is below average, a influx is highly imminent as this is a technical trade location. Overall, in my opinion, a short trade is valid with defined risk above recent high. The break needs to be backed with volume for confirmation, it is also important to keep in mind that breaking north will most likely be a short squeeze. What are your thoughts? Thank you for following my work! And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
COINBASE:BTCUSDShort
by AzizKhanZamani
6
BATBTC Trade Setup | Trend Reversal | Hidden Bullish Divergence Today's chart - BATBTC – Consolidating at key support; a successful re-test validates technical targets above. Points to consider: - Trend Reversal - 21 EMA visual guide - Hidden bullish divergence - Stochastics oversold - Low Volume BATBTC testing trend support after a strong bull move into daily resistance, price respecting support level will form a higher low on the chart, indicating a trend reversal and will allow for trend continuation. The 21 EMA will assist as a visual guide, price breaking and trading above the EMA is a confirmation of strong trend continuation. Although trading below 50, the RSI confirms a hidden bullish divergence: price has made a higher low whilst the RSI has made a lower low, indicating a strong market accumulation. This also allows for ample space before the oscillator reaches overbought conditions as price breaks bullish. Stochastics are also overextended, although they may remain there for some time, momentum has been stored to the upside. Volume has been tapering off, indicative of an influx being imminent, likely to coincide with a break in either direction. Overall, in my opinion, BATBTC needs to hold trend support and break above the 21 EMA to validate a conservative entry for a long trade to technical targets above. What are your thoughts? If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by Kudiiee
EOSUSD Trade|Dynamic Resistance|Range Midpoint|Demand Zone Evening Traders, Today’s Analysis – EOSUSD- breaking through dynamic resistance – immediate target, a retest of the demand zone. Points to consider, - Local trend change (technical higher high) - Dynamic resistance breached - Range midpoint (local resistance) - Oscillators cooling off - Volume below average - Demand zone retest (long entry) EOSUSD’s local trend has technically changed with an established higher high; a lower high at the Fibonacci level will further solidify a bullish directional bias. The Dynamic resistance breach topped at range midpoint, a retracement to the .50 Fibonacci is probable as this is in confluence with the identified demand zone. The oscillators are both cooling off from overextended conditions, maintaining above the 50 level will maintain a local bullish bias. Volume is trading below average; price is likely to magnet towards demand zone before an influx. Overall, in my opinion, a long from the .50 Fibonacci is valid with defined risk. Putting in a lower high will be bullish with the immediate target becoming daily resistance. What are your thoughts? Thank you for following my work! And remember, “Trade the market in front of you, not the one you want!” – Scott Redler
BITFINEX:EOSUSDLong
by AzizKhanZamani
3
LINKBTC Range Resistance|Stoch Equilibrium|Declining VolumeEvening Traders, Today’s Analysis – LINKBTC – trading at key high time-frame levels, breaking above range resistance will lead to a blue sky breakout. Points to consider, - Trend bullish (consecutive higher lows) - Key Dynamic support - Range resistance (Pivot Point ) - RSI above 50 - Stochastics equilibrium - Declining volume Links weekly structure is bullish with consecutive higher lows respecting its dynamic support. Breaking this support will increase the probability of testing the range midpoint. Range resistance is a pivot point on the chart, weekly candle closes above this level will be bullish, historical price action has never closed, only managed wicks. The RSI is trading above 50 which has been maintained for over two years, breaking this level will be notable and bearish. Stochastics is trading in a valid equilibrium; price action will be backed with momentum as the stochastics breaks from its apex. Volume is clearly declining which is an indication of a breakout being imminent. Usually high time frame level breaks are backed with increasing volume. Overall, in my opinion, LINKBTC is at a pivot point on its chart, breaking above range resistance will increase the probability of a blue sky breakout. Price action needs to be backed with increasing volume for confirmation. What are your thoughts? Thank you for following my work! And remember, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
Long
by AzizKhanZamani
4
BTC Short Trade|Rising Wedge|Resistance Confluence|Price ActionEvening Traders, Today’s Analysis – BTCUSD – a short trade is valid at major resistance confluence Points to consider, - Dynamic resistances converging - .618 Fibonacci objective ( bearish resistance of dynamic resistance) - Price Action in a Rising Wedge pattern - Stochastics divergence - Bull impulses (No follow through) The .618 Fibonacci is the objective for this trade; price is likely to wick there for a liquidity grab as this is a clear trade location on the chart with key dynamic resistance confluence. Price Action is currently trading in a rising wedge which has a greater probability of breaking down. The stochastics has a valid bearish divergence, which has technically played out; this shows weakness in the market. Furthermore all bull impulses have been sold into, another impulse above local resistance is likely to be a wick into the .618 Fibonacci area. Overall, in my opinion, a short trade is valid at the .618 Fibonacci. The immediate trend is bearish; any rallies are to be sold into until the recent high is taken out at around $9796.5 What are your thoughts? Thank you for following my work! And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
BYBIT:BTCUSD.PShort
by AzizKhanZamani
9
GPBUSD Support Zone| Double Bullish Divergence| Impulse Sell Evening Traders, Today’s Analysis – GBPUSD- trading at local support after an impulse sell. A retest of local resistance is probable to put in a lower high. Points to consider, - PA Double Bullish Divergence - Local Support (Trade Location) - Local Resistance (Immediate target) - Oscillators diverging - Volume below average GPBUSD is establishing a probable bullish divergence at local support. This is a valid trade location with the immediate target – local resistance. If price fails to hold this support, the down side target will be daily support The Oscillators are both diverging from price. This is an indication of the short term momentum shifting; a swing low failure will confirm this. The immediate volume is below average, an indication of an influx being imminent, especially at a trade location. Overall, in my opinion, a bounce is probable due to the bullish diverging playing out. A long trade from this area is valid into local resistance with defined risk. What are your thoughts? Thank you for following my work! And remember, “The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.” – Jesse Livermore
Long
by AzizKhanZamani
QTUMBTC Trade| Range Pivot|Hidden Divergence|Neckline ResistanceEvening Traders, Today’s Analysis – QTUMBTC – Testing range midpoint in an extended descending channel , PA is at trend pivot . Breaking bullish will establish a potential right shoulder, breaking bearish will make the immediate target, range support. Points to consider, - Trend trading in a channel - Midpoint (Local support) - Range resistance (neckline confluence) - Hidden bullish divergence ( RSI ) - Volume profile in synch with H&S QTUMBTC has been trending in a channel with the local support being respected, (range midpoint). Holding this area will establish a potential right shoulder in an H&S pattern. The range resistance is a key pivot ; breaking above this will confirm the chart pattern. QTUMBTC has a hidden bullish divergence ; price action at current level will confirm its significance. The Volume profile is in synch with the potential head and shoulders pattern. Breaking the neckline will need volume follow through for confirmation. Overall, in my opinion, QTUMBTC is at a pivot point in the chart. Price Action here will dictate the next directional move. Breaking bullish will confirm the pattern and trend change. Breaking down bearish will make the immediate target – range support. What are your thoughts? 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
by AzizKhanZamani
3
USDCAD Short |Rising Wedge|Resistance Confluence|Daily SupportEvening Traders, Today’s Analysis – USDCAD – trading in a probable rising wedge pattern at local resistance, breaking down bearish will be a short opportunity. Points to consider, - Trend Bearish ( Consecutive lower highs) - Daily support respected - Local resistance confluence - RSI wedge - Volume tapering off USDCAD’s overall trend is bearish with consecutive lower highs; local resistance is the next trade location. This area has multiple technical confluences, the .618 Fibonacci and market structure allows for a valid short with defined risk. Daily support is the trend target if price action was to break bearish The RSI is also trading in a wedge pattern, breaking down bearish will confirm weakness in the market, the trend is likely to continue down. Volume is tapering off and remaining below average. A volume spike is probable coinciding with a break of the wedge. Overall, in my opinion, USDCAD is likely to respect local resistance. A short trade is valid into daily support with defined risk. Breaking down from the wedge must be backed with increasing bear volume for follow through. What are your thoughts? Thank you for following my work ! And remember, “Trade the market in front of you, not the one you want!” – Scott Redler
Short
by AzizKhanZamani
CADJPY Price Apex|Daily Support|Low Volume|Local ResistanceEvening Traders, Today’s Analysis – CADJPY- trading in its Apex (Moving Averages converging) at daily support. Respecting the 200 MA will push price to a retest of local resistance. Points to consider, - Price equilibrium - 200 MA confluence - 21 MA Resistance (Apex) - Oscillators neutral - Volume below average CADJPY is trading in a valid equilibrium; a break is imminent at any moment as price is in its apex. The 200 MA is in confluence with daily support, this ways more significance then the 21 MA resistances only, thus the probability breaking north is slightly higher. The RSI and Stochastics are flat given price is holding support in an equilibrium. Breaking out of the apex will directly coincide with the strength and momentum projected by the oscillators. Volume is key as it is currently below average; this is to be expected when price trades in equilibrium, a sign that an impulse move is imminent Overall, in my opinion, CADJPY has strong support confluence giving it a greater probability of breaking north. Respecting the 200 MA will push price into local resistance for a retest. Price must break out of its apex with increasing volume to avoid fake outs. What are your thoughts? Please leave a like and comment, And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Long
by AzizKhanZamani
ONTBTC Trade Inv. H&S| Volume Profile| 200 MA Resistance Evening Traders, Today’s Analysis – ONTBTC – breaking its neckline zone if it’s Inverse head and shoulders. A retest and hold of the .618 Fibonacci is a long opportunity with defined risk. Points to consider, - Macro Inv. Head and Shoulders - Neckline support (Retest) - 200 MA Immediate Resistance - Oscillators Neutral - Volume Profile in synch ONTBTC has broken out of its macro bullish pattern; the technical target is in confluence with structural resistance. The Neckline retest will allow for a long entry with defined risk. The S/L placement logically is at the recent thrust candle. Retest and hold of the neckline will solidify it as support and further confirm the reversal pattern. Immediate resistance is the 200 MA, price initially has respected it. Breaking this resistance will be very bullish; reaching the technical target will become more probable. Both oscillators are neutral in retrospect with the pattern. Trading above the 50 level gives a bullish bias in the market. The volume profile is in synch with the pattern, the recent volume spike confirmed the neckline break. Volume follow through will be key when reaching the technical target. Overall in my opinion, ONTBTC has a very clear inverse head and shoulders at play. Retest of the neckline, (.618 Fibonacci), is a valid long entry with defined risk. Breaking above the 200 MA will increase the probability of reaching the technical target. What are your thoughts? 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 AzizKhanZamani
LINKUSDT Key Pivot Point|Structural Resistance|Blue Sky BreakoutEvening Traders, Today’s Analysis – LINKUSDT – trading at a key structure, breaking above current resistance will initiate a blue sky breakout. Points to consider, - Strong bull impulses - 21 MA visual support - Major structural resistance - RSI not officially oversold - Volume overall declining LINKS immediate trend is impulsive; trading at a key structure where breaking out will put in a higher high. The 21 MA has been supporting price, acting as a clear visual support, multiple candle closes below will be bearish. Price is currently trading at a major structural resistance zone. How price action forms here will be indicative of the trends direction. The 1.272 Fibonacci Extension is in confluence with structural resistance, a clear break above will be very bullish, as this shows price strength. The RSI is not officially overbought, whilst the stochastic is still projecting up, this in an indication of further upside before being overextended. Volume profile is still generally declining; price breaking in either direction from this resistance cluster needs to be backed with volume to avoid any fake outs. Overall, in my opinion, the price of LINKUSDT is at a key structure. Breaking above will establish a blue sky breakout (price discovery), Fibonacci extensions will be targets. Breaking bellow will further solidify the significance of the structural resistance level, local support will then be the immediate target. What are your thoughts? Thank you for following my work ! And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Long
by AzizKhanZamani
3
AUDCAD Structural S/R Flip| 200 MA| Daily Resistance Target Evening Traders, Today’s Analysis – AUDCAD – breaking above daily support, price is likely to put in a retest allowing for a long trade with defined risk. Points to consider, - Strong bull impulses - Daily S/R flip - Daily resistance target - Oscillators cooling off - 200 MA visual guide AUDCAD’s trend has put in multiple bull impulses with no proper lower high. Daily support is a trade location where a lower high is likely, a retest will confirm an S/R flip. The daily resistance will be an immediate target, breaking this level will be very bullish. Oscillators are both cooling off from oversold extended conditions, remaining above 50 will maintain a bullish bias. The 200 MA is a key visual guide, breaking and closing below will negate a bullish narrative. Overall, in my opinion, price is likely to retest daily support for further confirmation. Holding the level will establish a lower high, the next immediate target will then be daily resistance. What are your thoughts? Thank you for following my work, And remember, “It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
Long
by AzizKhanZamani
EURJPY Impulse Sell|Local Support Retest|Daily Resistance TargetEvening Traders, Today’s Analysis – EURJPY – breaking daily resistance with no follow through, a retest of local support is likely for a probable bounce. Points to consider, - Impulse sell off - Local support ( trade location) - Daily Resistance (immediate target) - Oscillators (not currently overextended) - Volume Climax ( follow through) EURJPY impulse sell off is approaching market structure – local support – if price action holds this level, a bounce will be probable. Local support is the immediate trade location on the chart. A daily resistance retest is probable with a relief rally from support, common after impulse sells. The oscillators are not in overextended conditions, indicating further sell momentum likely. The more overextended the oscillators get, the more likely an oversold bounce. There is an evident volume climax node, a temporary bottom was not set in as bear volume continued to push price. Overall, in my opinion, local support is likely to show its significance, a bounce into daily resistance will allow for a relief rally. How price action reacts to daily resistance will dictate the overall trend. What are your thoughts? Thank you for following my work ! And remember, “The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.” – Brett Steenbarger
Long
by AzizKhanZamani
7
RVN Structural S/R Flip| Pivot Point| .618 Fibonacci| RSI WedgeEvening Traders, Today’s Analysis – RENBTC – trading above structural level with Fibonacci confluence, RENBTC is likely to rise up validation of this level. Points to consider, - Structural S/R Flip (Retest) - Technical Confluence (Trade location) - RSI Falling Wedge pattern - Bull Impulses (PA validation) RENBTC is re-testing its structural S/R flip; further candle closes will solidify the level. This is a key support with technical confluence; market structure, key Fibonacci level (.618) and a Fibonacci Extension. This indicates a true trade location and a pivotal point on the chart The RSI is in a falling wedge pattern, breaking in either direction will dictate the overall trend. Stochastics are over extended, can stay trading here for an extended time, momentum is stored to the upside upon a valid buy cross. Overall, in my opinion, price action will dictate the overall trend, strong bull impulses will be a sign of a probable parabola. Validating support will be very bullish, RENBTC will likely rise to Fibonacci targets. What are your thoughts? Please leave a like and comment, And remember, “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Long
by AzizKhanZamani
9
GBPJPY Bear Impulse | Structural Resistance| Range Support Evening Traders, Today’s Analysis – GBPJPY – clear impulse bear move from resistance, next structural target is range support. Points to consider, - Impulse sell off - Range mid-point (bearish retest) - Range support target - Oscillators overextended GBPJPY had an impulse sell off putting in a volume climax node, marking an end to the temporary sell off. Range mid-point has been tested with a bearish retest, failure at a second attempt will solidify the level and make the immediate target – range support. Both oscillators are coming off from oversold conditions, breaking below 50 will signal weakness in the market. Overall, in my opinion, price is likely to test range midpoint, failure to break will increase the probability of testing range support. What are your thoughts? Please leave a like and comment, And remember, “Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your butt.” – Paul Tudor Jones
Short
by AzizKhanZamani
2