ETHUSDT Weekly S/R| Key Standing High| Area of Resistance| PriceEvening Traders,
Today’s analysis – ETHUSDT – trading towards an area of resistance where a rejectin is plausible,
Points to consider,
- Price Actin Corrective
- Weekly S/R Resistance
- Key Swing High
- .618 Fibonacci Resistance
ETHUSDT’s immediate price action is considered corrective in a bear market, price is approaching a zone of resistance which allows for a bearish biases.
There needs to be a change in market structure which will highlight weakness, currently not the case.
The overall objective is the Daily S/R level situated at $1,190, testing this area will create a Trading Range.
Overall, in my opinion, ETHUSDT is a valid short, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee
Suppot
GBP_JPY ON SUPPORT|WILL GO UP|
GBP_JPY fell from the strong resistance
Just as I predicted in my previous analysis
Now, the pair has reached a support confluence
And I expect it to try to close the gap
And perhaps retest the resistance
Thus, long from support
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AUDNZD, 4r tf, buy descending trendline breaoutHello my friends,
Another setup for next week is AUDNZD pairs.
As you can see this pairs was bearish since August until Novemer but last week, it is moving in a sideways direction.
Looks like sellers want to push it down but buyers won't let it happen.
This 1.0500 area has served as a key turning point for this pair.
I think we could see price rotate higher next week because price already broken above the desceding trendline.
Notice also that we got some bullish price action candles at this 1.0500 support.
Buy AUDNZD 1.0510
Stop loss 1.0480
Take profit 1.0585 (2.5R)
RR Ratio 1 : 2.5
Use only 1-2% risk
Good luck
EURUSD IDEADo your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
BTC bservation of general pattern: Triple bottom approaching? Could we see a triple bottom soon? Why not? BTC has been at the mid 6000's level twice this year (Feb and April) and before that was mid November 2017. Since mid December 2017 the overall trend has been bearish and could this be an indication of trend reversal?. Are we about to test the mid 6000 support again after 2 months? It does appear we are heading toward that destination soon which could be very healthy if it holds up.
This is not financial or psychological advice, it's simply to bring forth ideas. Thanks!
Bitquence VS Bitcoin Does Look StrongBitquence starting to look strong after breaking above the downtrend trendline and rejecting the 127.2% Fibonacci support level at 32k satoshis. Price continues to produce higher highs and higher lows while rejecting the uptrend trendline.
All-in-all current price action suggests the continuation of the uptrend. The upside target is seen at 90k satoshis, confirmed by two Fibonacci retracement levels, that could result in a 125% growth from the current price.
On a downside, currently BQX/BTC is undergoing the correction down and it could take some time for the uptrend to resume. The consolidation and even decline towards 30k satoshis area could take place, but only break and close below it would invalidate bullish outlook.
Top Events & Setups To Trade Today - EUR/USD & GBP/USD in Focus!Good Morning, traders. It's such a phenomenal beginning of the week. Our forex trading signals closed more than 100 pips. The long-term position in Gold is doing great, and the short-term position helped to pocket nearly 55 pips. Likewise, another signal shared in A Quick Trade Setup on EURJPY closed 60 pips. Now I'm serving up EUR/USD and GBP/USD to secure high probability trades.
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