Upcoming Trading Week WatchlistAn overview of all the pairs I am looking at for this trading week. Full breakdown in the video with analysis and explanations of what I will be waiting for before executing in the markets.
Structureanalysis
GBPAUD BEARISH IDEA-Broke previous low
-(4h) demand zone is the target
- Bullish falling wedge pattern is being created on higher time frame (4h)-(D), Take a close look, the target of my trade would be stopping early buyers on short term demand zones ( $$$) all the way to the main (4h) demand. And once price reaches this zone, we will be looking for a long term BUY ---> (BLUE PATH)
I highly anticipate some kind of manipulation since both buyers and sellers are currently strong !
FOLLOW FOR INSTANT UPDATES since
price can react differently!
EURGBP: Insights into Current Market Dynamics (Top Down)Right! I will keep it simple. EURGBP on the weekly timeframe currently resides within a DEMAND zone, indicating the possibility of an upward movement in price from this region. Additionally, on the daily timeframe, price has shown rejection at a supportive level. Furthermore, the hourly chart has transitioned from a bearish to a bullish stance, while the 45-minute structure also presents a bullish outlook. In light of these indicators, it is anticipated that price action will likely find support at the marked demand area as depicted on the chart. Goodluck!
USDCAD's Potential Buy Setup!Okay, Short and Simple! The USDCAD pair on the 1-hour timeframe continues to exhibit a bullish sentiment, with recent market movements suggesting a retracement towards a notable demand zone. This retracement presents an opportunity for traders to potentially capitalize on the upward momentum of the pair. Good luck!
AAPL to verse to upside trending ? LONGAAPL on the 60 minute chart is compared on the superimposed indicator on its own scale the
RSI for a similar time frame. The chart shows that AAPL has sunk to its price level in the
pre-earnings period two weeks ago. At present, price and RSI are running in parallel and
RSI is a litle higher than price while on its own scale. Price is currently near to the running
SMA 200. When I see either price or relative strenth move higher. I will be a buyer. I am looking
for some green on the relative volume indicator to tip me off. I will be watching on a lower
time frame of 15-30 minutes to get a clean entry pay off the spread and get into profits
ASAP.
Breaking Down GBPCAD's Current Market Dynamics
Greetings Traders!
GBPCAD has displayed a robust bullish impulse, driving it towards an internal resistance level, signaling a potential corrective phase characterized by a classic rising triangle chart pattern. Should the price successfully breach the resistance trendline of this triangle pattern and sustain its position above the internal resistance, the probability of a bullish continuation towards a marked swing high on the chart becomes notably promising.
Guide to Identifying Potential Profit Altcoins in 2024 Navigating the Altcoin Landscape in 2024
In the ever-evolving world of cryptocurrencies, identifying altcoins with the potential to deliver substantial profits is an art that demands a keen understanding of market dynamics. This comprehensive guide aims to equip you with the tools and insights needed to spot the most robust altcoins poised for success in 2024. Through detailed examples and comparisons, we'll delve into the nuances of strength, resilience, and upward potential.
INJ vs BTC - Riding the Trend Waves
1. Analyzing INJ's Resilience:
Explore the trading patterns of Injective Protocol (INJ) against Bitcoin (BTC).
Highlight instances where INJ, despite mirroring BTC's patterns, has displayed remarkable resilience by not breaching crucial support lines.
2. Drawing Conclusions:
Discuss the implications of INJ's refusal to break support lines.
Emphasize the importance of following the trend and INJ's potential for continued upward momentum.
MAV vs BTC - Decoding Bullish Structures
1. Unveiling MAV's Bullish Structures:
Examine the consistent creation of higher lows by Mav Protocol (MAV) against Bitcoin.
Contrast MAV's bullish structures with Bitcoin's struggles during various market movements.
2. Strategic Considerations:
Extract trading insights from MAV's persistent creation of higher lows.
Discuss the potential for MAV to outperform Bitcoin based on its bullish structure.
AVAX vs BTC - Capitalizing on Market Shakeouts
1. Assessing AVAX's Post-Shakeout Strength:
Analyze the aftermath of the recent market shakeout on Avalanche (AVAX) against Bitcoin.
Highlight AVAX's substantial rebound in contrast to Bitcoin's more modest recovery.
2. Implications for Trading:
Discuss the significance of AVAX's robust bounce after the shakeout.
Explore the potential for AVAX to outpace Bitcoin in subsequent market movements.
Conclusion: Forging Profitable Paths in 2024
As we conclude this exploration of potential altcoin powerhouses for 2024, remember that each comparison offers unique insights into the strength and potential of these digital assets. The ability to discern resilience, bullish structures, and post-shakeout strength positions you strategically in the cryptocurrency market. Stay vigilant, adapt your strategy as the market evolves, and use these insights to navigate the dynamic landscape of altcoin trading.
💡 Unveiling Altcoin Strength | 📈 Riding Trends | 🚀 Decoding Bullish Structures | 💪 Capitalizing on Market Shakeouts
💬 Engage in the discussion: Share your observations on altcoins displaying strength, inquire about nuanced trading strategies, and connect with a community dedicated to deciphering the potential winners in 2024. 🌐✨
EURUSD - NZDUSD - AUS200 Trade RecapThree positions taken last week, two breakevens and one loss. Great trades nonetheless, two structures I would take over and over again with the EURUSD position being on the higher risk side of things. Risk management plan stuck to, frequency is picking up just in the first month of the year as expected. Trade safe and responsible
GBPNZD Presents Ideal Selling ConditionsIn the GBPNZD market, the price has retraced to an area of significant supply on the 4-hour chart, coinciding with an internal daily resistance level. An anticipation of a selling market is prevalent in this region. It's worth noting that the overall sentiment remains bullish on lower timeframes.
A prudent approach involves closely monitoring the structure on lower timeframes. It is advisable to exercise patience and await a discernible shift in market character from bullish to bearish before considering shorting opportunities. Wishing you success in your trading endeavors.
GOLD: Prime Selling Opportunity Unveiled by Harmonic Symmetry!GOLD has recently breached its downside structure. Currently, the price is undergoing a corrective phase on the 1-hour timeframe, characterized by the presence of a Gartley symmetry. This harmonic pattern is poised to conclude at a highly probable supply level. In the event of the successful completion of this harmonic pattern, a robust selling opportunity is anticipated, as visually depicted on the accompanying chart.
EURJPY: Harmonic Bat and Rising Wedge Unveil Insights...SELL?Greetings, fellow traders! In the context of EURJPY, a discernible pattern is emerging as the price unfolds within the confines of a rising wedge. Notably, this pattern is converging towards a prospective supply zone, coinciding with the culmination of a harmonic bat pattern as it reaches its D leg.
Anticipation of a market shift towards selling becomes more apparent in light of this convergence. The confluence of factors, including the potential completion of the harmonic bat pattern and the formation of the rising wedge, adds weight to the expectation of a downturn. The significance of this scenario is further underscored by the likelihood of a breach in the supporting trend of the wedge.
Closely monitor this juncture, as it presents an opportune moment for strategic decision-making. Exercise due diligence and consider leveraging this insightful confluence for informed trading decisions in the evolving EURJPY market. Happy trading!
USDCAD: Bearish Harmonic Pattern and Weekly Range DynamicsThe USDCAD market is currently exhibiting the formation of a potential bearish bat pattern. Notably, the price is approaching a daily level that coincides with a 4-hour order block. This convergence is significant as it marks the completion of the D leg of our discernible bat harmonic pattern. Additionally, it's worth mentioning that the overall market structure is displaying a bearish bias.
Despite the bearish sentiment in the shorter time frames, it's essential to note that the weekly chart indicates a trading range. This information adds a layer of nuance to the analysis, suggesting a potential conflict between short-term bearish dynamics and a more neutral stance in the longer term.
In light of these technical observations, a potential short-trading opportunity is anticipated. The confluence of the bearish bat pattern, alignment with the 4-hour order block at the daily level, and the bearish structure on lower time frames adds an extra layer of confirmation to the trade setup. Traders are advised to exercise due diligence, considering both the potential for a reversal in the indicated zone and the overarching range-bound behavior on the weekly chart. Goodluck!
HOW TO: Lesson 5 - The Importance of ConfluenceLesson 5 - The Importance of Confluence
This video explains what is confluence in trading, identifies confluence structural elements and provides guidance on how to put all the pieces of the puzzle together to increase trading success rate.
GBPJPY - Rising Channel Into Structure Resistance The GBPJPY has been bouncing back & forth between structure with the most recent move being one back into a level of previous structure resistance.
At this level we also have a rising channel along with our RSI going overbought 7 showing bearish divergence.
Targets are taken using a combination of price action analysis, & Fibonacci tools.
If you have any questions, comments or want to share your views & analysis on this pair. please do so below
Also. remember to hit that like button & show so love before you leave.
Best of luck this trading week. - Akil
NZDUSD Potential SELL opportunity!NZDUSD is currently exhibiting a downward structural trend, with prices rebounding from weekly and daily highs. As the market retraces into weekly demand, we anticipate further bearish price development. Notably, the 4-hour supporting trendline has been breached, signaling a potential shift in momentum. Our strategy involves patiently awaiting a pullback on the 30-minute timeframe, where we can identify optimal entry points for potential selling opportunities. Stay tuned for updates as the market unfolds.
CADJPY Analysis: Potential Shorting Oppoturnity! Gartley PatternCADJPY is currently rebounding from a significant weekly resistance level. Upon closer examination of the daily timeframe, a Break of Structure to the downside is evident. Additionally, a well-defined Harmonic Gartley pattern is taking shape, with the completion of the D leg aligning with the 4-hour Order Block.
Anticipate a potential downward movement from the identified 4-hour Order Block, as highlighted on the chart. Exercise patience and wait for a change of character in lower timeframes, such as the 15-minute or 30-minute intervals, as the lower timeframes still exhibit a bullish sentiment. Wishing you success in your trades!
NASDAQ - Where Will The Pullback Terminate At?A look at the NASDAQ & a prediction of where it's current pullback is likely to terminate at using price action analysis, structure, Fibonacci tools & volume.
If you have any questions, comments or want to share your analysis/ideas on the chart please leave them below.
Akil
XAUUSDHello beauties
I still see the structure as bearish according to the previous analysis
Of course, I also drew the daily structure in the picture for you
Be careful with your investments, these images are just an analysis and anything can happen
I would be happy if you share your thoughts with me about this analysis
I wish you success
#USDCADFollowing the previous analysis, the usdcad currency pair is moving in a downward channel in the 2-hour period, which can continue its downward trend until the specified areas by completing the pullback to the broken support area.
Price Action REPEATABILITY - GBPUSD ShortKey details explained in this trade recap showing the repeatability in price action and how you can use this to your advantage. GBPUSD short for +2%.
GBPNZDGBPNZD is in strong bearish trend and also form bearish flag pattern. Recently the instrument has break through important support zone.
Now the price is trading within the bearish flag and seems like it getting ready to break it.
Will the sellers took benefits from these bearish confluences?
Déjà Vu of 2021's Bearish Shift? 📉📉📉The Eerie Resemblance:
If you've been in the crypto game for a while, you might be experiencing déjà vu. In 2021, Bitcoin was riding high before it underwent a profound transformation from a bullish to a bearish trend. What followed was a period of intense volatility and uncertainty. 🐻
The Bearish Divergence:
One of the key signals of concern is the emergence of a notable bearish divergence. This phenomenon occurs when an asset's price makes higher highs while an oscillator, like the Relative Strength Index (RSI), forms lower highs. It suggests weakening buying momentum and is often a precursor to a trend reversal. 📊
What Lies Ahead:
While history doesn't always repeat itself, it can offer valuable lessons. The current market sentiment, combined with the bearish divergence, is a reminder of the importance of caution in crypto investing. 🚦
Trading Strategy:
Risk Management: Protect your capital by setting stop-loss orders and defining clear risk tolerance levels.
Diversification: Consider diversifying your portfolio to spread risk across different assets.
Stay Informed: Keep a close watch on market news and developments that could influence Bitcoin's price.
Conclusion:
The crypto market is inherently volatile, and it can shift rapidly. While the current situation may appear similar to 2021, it's essential to approach it with an open mind and a well-thought-out strategy.
Remember, trading and investing in cryptocurrencies carry risks, but they also offer opportunities. Stay vigilant, stay informed, and adapt to the evolving market conditions. 🌟
The future remains uncertain, but it's our ability to navigate the unknown that sets us apart as crypto enthusiasts.
❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
Contrasting Trends, Caution AdvisedIt is crucial to have a good grasp of how to interpret the market before making any trades.
Although the current pound dollar movement leans towards bearish, the weekly chart indicates a positive trend.
To capitalize on this, trend traders should sell, while counter-trend traders can take advantage of a shorting opportunity at 1.2317.
The buy zone lies between 1.2313 to 1.2689, with a weaker bullish movement on the weekly chart.
Remember to always conduct your own analysis and avoid blindly following others. If you're interested in learning more, feel free to chat with me.
