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Stochastic Oscillator

NZDUSD Short Liquidity| Daily Resistance| Local Support Target Evening Traders, Today’s Analysis – NZDUSD – impulse move above daily resistance with an immediate sell off, indicating a liquidity pool. Points to consider, - Impulse bull move ( Volume Climax) - Short liquidity (Daily Resistance) - Bearish Engulfing candle (Short Selling) - Local Support target - Overextended Oscillators NZDUSD’s impulse bull move ended with a volume climax node, indicating a temporary top. Price closed candles above daily resistance with no bull volume follow through allowing for short liquidity. Confirmation was on a bearish engulfing candle back below daily resistance. The Oscillators are both recovering from over extended levels, a lot of stored momentum to the downside. Local support is the immediate target, price respecting this level will confirm an S/R flip. Overall, in my opinion, NZDUSD is likely to impulse down if this is a true liquidity grab. A bounce is likely at local support as this is a technical trade location. What are your thoughts? Please leave a like and comment, And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Short
by AzizKhanZamani
2
USDJPY Impulse Bear Move| Range Support| Resistance Confluence Evening Traders, Today’s Analysis – USDJPY – Impulse move into daily support with an oversold bounce recovery. A swing low failure in the RSI will show strength, immediate target will then be range resistance. Points to consider, - Trend oversold bounce - Range support retest - Resistance confluence (200&21 MA, Range Mid-Point) - RSI below 50 (Weakness) - Stochastics projected up USDJPY is currently testing resistance, multiple confluences with the range midpoint and the Moving Averages. Price is likely to retrace back into Range Support (Retest) to solidify an S/R Flip. The RSI is below 50, indicating weakness in the market. If the RSI puts in a swing low failure at Range Support, this will indicate a probable bounce. The Stochastics current momentum is shifted up, no official sell cross, it can stay here for an extended period of time. Overall, in my opinion, USDJPY is likely to retest Range Support; this will solidify the level with the immediate target being Range Resistance. A further sell off is likely at Range Resistance due to the magnitude of the impulse sell off. What are your thoughts? Please leave a like and comment, And remember, “The market is a device for transferring money from the impatient to the patient.”- Warren Buffet
Long
by AzizKhanZamani
8
ETHBTC Double Bottom| Apex| Lower Highs|Break Imminent Evening Traders, Today’s Analysis – ETHBTC – Trading at key structure, daily structural support is in confluence with down the down sloping resistance, ETHBTC is in its Apex. Points to consider, - Double bottom trend - Trend line resistance (Lower highs) - Daily Structural Support - Stochastics overextended - Apex (break imminent) ETHBTC is trying to establish a trend chance by putting in a valid double bottom . Breaking resistance will further solidify the double bottom as the neckline will be breached. This will also negate the lower high projection Daily structural support is in confluence with resistance, hence why ETHBTC is coiled up in its apex. This is an indication of a break being imminent. The stochastics is in the upper regions, a lot of stored momentum to the downside. ETHBTC usually has an impulse move down with stochastic momentum from current resistance. Overall, in my opinion, ETHBTC is at pivotal point in the chart, price is coiled up in its Apex , indicating a volatile move being imminent. Break in either direction will give a direction bias for a long or short. Breaking bearish will be a sign of a possible larger pattern being at play, the Descending Triangle What are your thoughts? Please leave a like and comment, And remember, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
Short
by AzizKhanZamani
7
BTCUSD Key Levels|Pivotal Point|Volume Climax|10K PsychologicalEvening Traders, Today’s Analysis – BTCUSD – breaking down once again from the $10,000 Psychological level, now trading at local resistance. Points to consider, - Impulse bear move down - Local resistance (multiple confluences) - Range support (bear target) - RSI and Stochastics overextended - Volume Climax evident. BTCUSD’s impulse move down broke below local resistance which has multiple technical confluences. The 200 MA is in confluence with the .382 Fibonacci retracement , body candle closes below or above this will give us a directional bias. The bear target is range support; BTCUSD is in a clear range on the daily timeframe Both RSI and Stochastics are recovering form overextended conditions, a swing low failure will be a bullish sign. BTCUSD has established a volume climax node; this usually indicates a temporary bottom as price finds its equilibrium before its next impulse move. Overall, in my opinion, BTCUSD’s price needs further development; price action will help with the directional bias as this is a pivotal point in the chart. What are your thoughts? Please leave a like and comment, 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
BYBIT:BTCUSD.P
by AzizKhanZamani
5
VeChain Parabola Resistance |2.618 Fib Target|Increasing VolumeEvening Traders, Todays Analysis – VeChain- trading above its macro double top resistance, the next logical target, daily resistance. Points to consider, - Structural Resistance Breached (Double Top) - 2.618 Fibonacci Target (Daily Resistance Confluence) - Valid Parabola (Strong Bull Impulses) - Increasing Volume (Volume Climax Node, Temporary Top) - Oscillators Over Extended (No Divergences) VeChain has put in a Technical Higher High by taking out its Double Top, confirmation will be on the next candle close. The next probable target is the 2.618 Fibonacci Extension, which is in confluence with the Daily Resistance. VeChains trend has multiple bull impulses, a clear sign of being in a parabola. A volume climax node will indicate a Temporary Top being set, likely to happen at Technical Targets. Oscilators are over extended but with no valid divergence, further development will give us a directional bias. Overall, in my opinion, VeChain is likely to test at least the 2.618 Fibonacci Extension, a volume climax node will indicate a temporary top. What are your thoughts? Please leave a like and comment, And remember, “You become fearful the moment you identify with fear. But once you begin seeing it as an impersonal changing phenomenon, you become free.” ― Yvan Byeajee
Long
by AzizKhanZamani
8
GBPUSD Bullish Div|Swing Low Failure|Structural ResistanceEvening Traders, Today’s Analysis – GBPUSD – making an impulse move back into structure with a valid bullish divergence playing out, price is likely to put in a retest. Points to consider, - Swing Low Failure - 200 MA Resistance - Support Retest (S/R Flip) - RSI above 50 - Stochastics projected up Price put in a swing low failure which was backed by bull volume allowing GBPUSD to break back into structure. The 200 MA is immediate resistance that price needs to break in order to test structural resistance. A retrace back to structural support will establish an S/R flip that will further solidify the level. The RSI is breaking above 50, showing strength in the market, it also has a technical swing low failure. Stochastics currently is also showing strong momentum, immediate projection is up. Overall, in my opinion, price needs to retest structural support to solidify the level. A long trade will be valid here with defined risk. 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
VET Abnormal Volume|Structural Resistance|Important Weekly CloseEvening Traders, Today’s Analysis – VETUSDT – Trading at a high time frame structure where a pivot in the trend is highly probable. Points to consider, - Structural Resistance Cluster - Abnormal Bull Volume - Important Weekly Close - Stochastics Momentum Up VETUSDT is trading at an important resistance cluster where a weekly candle close in the zone will be very bullish. The last time an established weekly close in this zone was during early November 2019. The volume has been increasing abnormally which is usually a sign of a volatile move being imminent. Price action itself is showing strength at high time frame resistance, the probability of a break will increase the longer price trades here. The Stochastics is showing strong momentum on the weekly, not officially overextended which is an indication that VETUSDT still has further upside fuel. Overall, in my opinion, VETUSDT has a very clear level to close above. Holding structural resistance will be very bullish, price action will help with the directional bias the longer VETUSDT trades here. What are your thoughts? Please leave a like and comment, And remember, “The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” ― Yvan Byeajee
Long
by AzizKhanZamani
AUDUSD Oversold Bounce| Trading Range| Technical Divergence Evening Traders, Today’s Analysis – AUDUSD – recovering from weekly oversold conditions, trading in an important range where further price development will allow for a directional bias. Points to consider, - Weekly Trading Range - 21 MA Breached - Technical Bearish Divergence - Oversold Bounce - Extended Stochastics AUDUSD has entered its macro weekly range from oversold conditions, where it is likely to consolidate and test the range median before another impulse move. The 21 Moving Average has been breached, the indicator can now act as a visual support guide upon a back test. AUDUSD has a technical bearish divergence at the range high; this is a sign of weakness in the current market. The oscillators are putting in higher highs whilst the price is establishing a lower high. The Stochastics is currently overextended; a retest of at least the range median will cool of oscillators. Overall, in my opinion, AUDUSD is likely to retrace and trade within the range before its next impulse move. The immediate direction is short due to trading at the range high. Further consolidation will help with the directions bias. What are your thoughts? Please leave a like and comment, And remember, “Intelligence is the ability to observe yourself without judging yourself. In essence, this is mindfulness.” Mindfulness” ― Yvan Byeajee
Short
by AzizKhanZamani
2
RLCBTC Weekly Falling Wedge|Local Resistance|Technical Target Evening Traders, Today’s Analysis – RLCBTC – breaking out of its falling wedge , it needs to establish a weekly candle close above resistance for further continuation. Points to consider, - Local Resistance (Key level) - 21 MA (Visual support) - Technical Target Confluence - Stochastics Buy Cross - RSI Breaking 50 - Increasing Volume RLCBTC needs to close this weekly candle above local resistance, this will allow for the smaller time frames to back test the level (S/R flip retest) for a long entry. The 21 MA will act as a visual guide; price trading above this indicator will be very bullish . The target for the falling wedge is in confluence with structural resistance – discretion needs to be used here for when taking profits. Stochastics has a valid buy cross, indication of momentum shifting on the macro time frame. The RSI is attempting to cross above 50, trading beyond this level will indicate increasing strength in the market. Volume is noticeably increasing, this must sustain on the weekly time frame from continued follow through. Overall, in my opinion, RLCBTC next most important move is closing above local resistance on the weekly. This will validate a true break of the falling wedge and allow for a risk defined entry. What are your thoughts? Please leave a like and comment, And remember, “There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” – Jack Schwager
Long
by AzizKhanZamani
2
CADCHF S/R Flip Retest| Structural Resistance| Long Trade Setup Evening Traders, Today’s analysis – CADCHF –broke local resistance from oversold conditions; next technical target is at structural resistance. Points to consider, - S/R Flip retest - Structural resistance (trade location) - RSI above 50 - Stochastics in an rising wedge CADCHF needs to put in an S/R flip retest to validate support, this retest will allow for a long entry with defined risk. The immediate target is structural resistance; a back test of this trade location is likely due to the initial impulse move down. The RSI is above 50 after recovering from oversold conditions whilst the stochastics is in a valid rising wedge formation. A breakdown is likely which will coincide with the S/R flip retest. Overall, in my opinion, CADCHF will likely put in a retest at local support allowing for a long entry. Risk will be defined by the recent swing low. What are your thoughts? Please leave a like and comment, And remember, “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
Long
by AzizKhanZamani
BTCUSD | Bull Trap| Resistance Cluster| Apex| Low Volume Evening Traders, Toady’s Analysis – BTCUSD – establishing a bull trap, now trading back into its apex where a breakout is probable Points to consider, - Strong resistance cluster (Bull trap) - Support and resistances converging (Apex) - RSI and Stochastics showing weakness - Volume declining BTCUSD has had a sharp sell off at resistance cluster, trapping long buyers. The significance of this resistance cluster has now been solidified three times. The local support and resistance are converging; a price break in either direction will be imminent. The RSI and stochastics are both below 50, showing immediate weakness in the market. Volume is clearly declining, indication of an influx being imminent, this will coincide with the possible breakout. Overall, in my opinion, a break in either direction is imminent; the probability down is greater due to the recent impulse sell. The break needs to be backed with increasing volume to avoid any fake outs. What are your thoughts? Please leave a like and comment, And remember, “People normally describe this kind of internal mental shift as an “ah, ha” experience, or the moment when the light goes on. Everyone has had these kinds of experiences, and there are some common qualities associated with them. First, we usually feel different. The world even seems different, as if it had suddenly changed. Typically, we might say at the moment of the breakthrough something like, “Why didn’t you tell me this before?” or, “It was right in front of me the whole time, but I just didn’t see it” ― Mark Douglas
BITSTAMP:BTCUSDShort
by AzizKhanZamani
7
SILVER Respecting Fibonacci Extension|Range Trading|Macro LevelsEvening Traders, Today’s Analysis – SILVER – an impulse move back into its range from oversold conditions, breaking resistance will likely test the 2.618 Fibonacci Extension. Points to consider, - Range trading between macro levels - Fibonacci Extension levels being respected - Major structural resistance level to breach - RSI in overbought SILVER is back in its long term range while respecting its Fibonacci Extension levels. The oversold bounce lead to its impulse move into structure, now testing the 1.618 Extension Major yearly structural resistance needs to be breached; this will increase the probability of testing the 2.618 Extension. It will likely be an impulse break due to the nature of the resistance. The RSI is currently in overbought conditions, a price retracement from current Fibonacci Extension will cool it off. Overall, in my opinion, SILVER will likely reject from structural resistance and consolidate in its range. However a break and close above resistance will make the next immediate target the 2.618 Fibonacci Extension. What are your thoughts? Please leave a like and comment, 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
TVC:SILVER
by AzizKhanZamani
5
Bearish Divergence| S/R Flip Retest| Long Structural Support Evening Traders, Today’s Analysis – NZDJPY – breaking a key level where an S/R flip will confirm structural support. Points to consider, - Impulse bull move (breaking key level) - Bearish Divergence evident (allowing for a retest) - Structural Resistance (immediate target) - RSI putting in lower highs - Stochastics sell cross NZDJPY broke resistance with an impulse move, currently trading at its range median with a valid bearish divergence. A retest of structural support well let the bearish divergence play out – will also confirm the S/R flip retest. The RSI is putting in lower highs whilst the stochastics is projecting a sell cross – putting more emphasis on the bearish divergence. Overall, in my opinion, NZDJPY is likely to confirm support with a retest. A long trade will be valid with defined risk below structure. What are your thoughts? Please leave a like and comment, And remember, “In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee
Long
by AzizKhanZamani
6
CRLBF S/R Flip|Structural Support|Trend Change|Bull Volume NodesEvening Traders, Today’s Analysis – CRLBF – showing signs of a confirmed trend change, holding structural support will establish another higher low. Points to consider, - S/R Flip at structural level - Structural resistance (Immediate target) - RSI Cooling off - Stochastic in upper regions - 21 Moving Average (Visual guide) - Increasing bull volume nodes The trend change on CRLBF has been confirmed with establishing its first higher low. Now trading above structural support, consolidation above this level will further solidify the S/R flip. The 21 Moving Average can be utilized as a visual guide as CRLBF has been respecting it in the immediate up trend. Current increasing bull volume nodes is a healthy sign for the trend change, must sustain with establishing another higher low. The RSI is cooling off from oversold conditions, a retracement to the 50 level is probable if price starts to consolidate above support. Stochastics on the other hand is in the upper regions, can remain trading here for an extended period of time with stored momentum. Overall, in my opinion, CRLBF is in the midst of a trend change. Holding structural support is critical for a new higher low. A long trade is valid with defined risk below structural support. What are your thoughts? Please leave a like and comment, And remember, “A probabilistic mind-set pertaining to trading consists of five fundamental truths. 1. Anything can happen. 2. You don’t need to know what is going to happen next in order to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability of one thing happening over another. 5. Every moment in the market is unique.” ― Mark Douglas
OTC:CRLBFLong
by AzizKhanZamani
9
GPBJPY Bearish Divergence| Resistance Confluence| .618 FibonacciEvening Traders, Today’s Analysis – GBPJPY – trading at a key Fibonacci Retracement with local resistance confluence, a short trade here is plausible. Points to consider, - .618 Fibonacci - Trend line support - RSI bearish divergence - Stochastics neutral - Bull volume climax GBPJPY is at a key trade location with resistance coming from market structure and the .618 Fibonacci. A short trade is valid with the immediate target being the trend line support. Risk defined will be above the recent swing high. The RSI has a valid bearish divergence, a sign that the local trend is weak. The Stochastics on the other hand is neutral – momentum stored in both directions. A bull volume climax node is evident; this is an indication of GPBJPY topping out at structure. The temporary top maybe in if price starts to retrace. Overall, in my opinion, GBPJPY is likely to correct from this structural level validating a short trade. A clear break above the .618 Fibonacci will NEGATE this trade setup. What are your thoughts? Please leave a like and comment, 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 AzizKhanZamani
1
BTCUSD Falling Wedge Breakout|Local Resistance|Declining VolumeEvening Traders, Today’s Analysis – BTCUSD – forming a falling wedge pattern that is YET to be confirmed. A break of resistance needs to come to fruition before a long trade. Points to consider, - Bullish falling wedge - Apex approaching - Demand Zone (Strong support cluster) - RSI below 50 - Stochastics projecting higher lows - Volume Declining The local trend is in a falling wedge formation that will break in either direction as the immediate support and resistance converge. The formation is bullish so the probability of breaking up is higher. BTC has a strong demand zone, a historic cluster where price is likely to wick down if the wedge breaks bearish. The RSI is currently below 50; bias is still bearish in the market, however the stochastics is projecting higher lows. Initial indication of momentum shifting in the shorter term The volume is clearly declining; indication of an influx being imminent which further solidifies that BTCUSD is in a true pattern. Overall, in my opinion, a break will occur, leading to a trade opportunity. A break bullish needs to be back with increasing volume. The technical target of the falling wedge is in confluence with the current local resistance. What are your thoughts? Please leave a like and comment, “There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” – Jack Schwager
BYBIT:BTCUSD.PLong
by AzizKhanZamani
9
XTZUSDT Macro Levels| Declining Volume|.618 Fibonacci ResistanceEvening Traders, Today’s Technical Analysis – XTZUSDT – a break out is imminent as volume continues to decline; key structural levels are likely to be tested. Points to consider, - Trend bullish (consecutive higher lows) - Trend line support holding true - Current resistance .618 Fibonacci - RSI above 50 - Stochastics projecting down - Declining volume XTZUSDT’s trend has been putting in consecutive higher lows, now trading in a range between two important levels, monthly resistance and daily support. The current trend line support is holding true, a higher low projection will be at play until the trend line has been breached. Immediate resistance, the .618 Fibonacci is to be breached for a test of monthly resistance; price has been rejected multiple times. The RSI breaking below 50 will negate any bullish bias in the market. The stochastics are projecting down, this a sign of momentum shifting. XTZUSDT’s volume is clearly declining, an indication of an influx in volume being imminent as key structural levels get tested. Overall, in my opinion, XTZUSDT is approaching a key technical level where a break will be imminent. A long trade will be valid above monthly resistance. Breaking below daily support will validate a short trade. The break needs to be backed with increasing volume; this will help avoid fake outs. What are your thoughts? Please leave a like and comment, 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
by AzizKhanZamani
EURJPY Structural Support|1.414 Fib Extension|S/R Flip RetestEvening Traders, Today’s Analysis – EURJPY – broke structural resistance, consolidation above this level will likely put in a higher low. Points to consider, - Structural support confirmed (S/R flip retest) - 1.414 Fibonacci Extension respected - RSI above 50 - Stochastics in upper region - Volume below average EURJPY S/R flip has been confirmed with a retest of structural support, the immediate target now is local resistance. The 1.414 Fibonacci Extension marked the local bottom in the trend, taking out these lows will be very bearish. The RSI is above 50, showing strength in the market, whilst the stochastics is in the upper regions, an indication of momentum being shifted up. Bull volume nodes need to however increase for sustained follow through, failure will lead to the probability of this being a bear trap. Overall, in my opinion, EURJPY needs to maintain strength above structural support; the next target is local resistance, a long trade will be valid with defined risk. What are your thoughts? Please leave a like and comment, And remember, “If you have to win, if you have to be right, if you can’t lose or can’t be wrong, you will cause yourself to define and perceive categories of market information as painful.” ― Mark Douglas
by AzizKhanZamani
4
EURUSD Double Top Resistance|Local Support|Bearish Retest(Short)Today’s Technical Analysis – EURUSD – testing local support, a bearish retest will allow of a short entry. Points to consider, - Double top resistance (bearish formation) - Local support confluence - RSI below 50 - Stochastics buy cross - Volume below average The double top resistance was established with an impulse sell off into local support, which is the current trade location. The local support has multiple confluences; a bounce into the range median is probable for a bearish retest. A confirmed bearish retest will allow for a short entry with defined risk The RSI is below 50, showing weakness in the market as momentum shifts to the downside. Stochastics on the other hand is signalling a buy cross; an immediate bounce from local support is probable. Volume is currently below average where an initial influx is likely as this is a key trade location. Overall, in my opinion, if EURUSD establishes a bearish retest with declining volume, the probability of an impulse down is likely. Price action will be important to monitor for a directional bias What are your thoughts? Please leave a like and comment, And remember, “It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd
Short
by AzizKhanZamani
GBPNZD Structural Support| Stochs Cross| Range| Bearish Retest Today’s Technical Analysis – GBPNZD – respected structural support, a bearish retest of resistance is likely. Points to consider, - Structural support confluence - Resistance range - RSI cooling of f - Stochastics buy cross - Volume below average GBPNZD is in a defined downtrend with consecutive lower highs. The structural support is in confluence with the 1.414 Fibonacci Extension, price has bounced of this area. Structural resistance is the initial target of this range; a bearish retest will put in another lower high. The RSI is cooling off from oversold conditions whilst the stochastics has a valid buy cross, momentum is shifted up. Volume is currently below average, an influx is likely as price trades closer to structural resistance. Overall, in my opinion, GBPNZD has respected support; a bearish retest of structural resistance will establish another lower high. It is important to monitor how price action forms as this will help with the directional bias. What are your thoughts? Please follow me on twitter for live updates!, link in bio :) And remember, “However, market analysis is not the path to consistent results. It will not solve the trading problems created by lack of confidence, lack of discipline, or improper focus.” ― Mark Douglas
Long
by AzizKhanZamani
2
BTCUSD Breakout Trade|Watch Price Action| Apex| Low Volume Evening Traders, Today’s Technical Analysis – BTCUSD – a breakout is imminent as support and resistances converge. Points to consider, - $10,000 Psychological Resistance - Up sloping support - Declining volume (Apex) - Range Median - RSI above 50 - Stochastics equilibrium BTCUSD’s current price is above its range median, .50, currently trading under the all important $10,000 Psychological resistance. BTCUSD is respecting its up sloping support; price is being pushed into its apex where a break will occur. The RSI is above 50, indication of a bullish bias in the market, however NOT confirmed, we need further development. Stochastics is coiling in equilibrium; momentum for the break is stored in both directions. BTCUSD volume nodes are declining, an indication of an influx being imminent, this will be more likely when price breaks either key technical level, the $10,000 Psychological resistance and or up sloping support. Overall, in my opinion, BTCUSD will have a break in the coming hours; a trade will be validated upon the direction of the break. It is important to monitor price action and volume leading up to the break as this will help avoid fake outs. What are your thoughts? Join me on twitter for live market updates! And remember, “Remember our definition of a winning attitude: a positive expectation of your efforts with an acceptance that whatever results you get are a perfect reflection of your level of development and what you need to learn to do better.” ― Mark Douglas
BYBIT:BTCUSD.P
by AzizKhanZamani