$TGT - Tightening WedgeOur wedge on the four hour chart continues to get tighter.
Can play a break of this in either direction.
Upside will likely be confirmed with a break of 144, while downside is confirmed under 137.
Swingtrade
EURAUD Short4H Supply, 15min RSI DIv for the entry. You know the drill, stops outside zone, TP at 4H Demand.
EURJPY 4H ShortEJ has tapped into Supply and we hvae 15min RSI DIv for the entry. You know the drill, stops above zone and TP at Demand.
EUR/NZD: Bearish signs are increasingEUR/NZD: Bearish signs are increasing
> Double-top in the daily and H4 timeframes
> possible break of structure with current H4 candle
> first lower high and lower low outside of the upward trend shows change of sequence
> POC above current price levels
> Head and Shoulder formation
Look out for our new stream tomorrow (Tuesday) at 8:00pm Berlin time!
Meikel & Team WSI
EURUSD: 2 Structure to Watch Next Week 🇪🇺🇺🇸
Hey traders,
Even though this week was quite bullish for EURUSD,
remember that the market is trading in a bearish trend and we remain bearish biased.
Next week, I will be looking for shorting opportunities from 2 very important areas:
Resistance 1: 1.062 - 1.0655
Resistance 2: 1.074 - 1.079
I will expect a bearish move from one of these zones.
Let the price reach them and then look for a confirmation to sell.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EUR/AUD likely to go UP!Hey tradomaniacs,
due to the risk-off in equities caused by the strict hawkish monetary policy aswell as the fading credibility of Powell after his statement we might see another pump by EUR/AUD.
Technically a good spot to go long here.
What do you think?
EURUSD LongEU is approaching a very nice 4H Demand Zone. We will wait for 4H to form RSI Divergence before entering into this trade. Stop will go below the zone.
DAX Index: Be Prepared For a Breakout Trade
What a bearish rally on Dax Index:
for the 4 consecutive days, the market is falling sharply.
Ahead is key horizontal support.
I will be waiting for its bearish breakout to short the index.
Next support will be 12550.
Remember that you need a daily candle close below a blue support to confirm a breakout.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
What Actually Happened To Bitcoin Price Action EditionSo I decided to see why this big ol' drop is happening with Bitcoin.
The answer?
We're filling a very old order block that was never
completed in July 2021. So it makes sense price has dropped ALL the
way to where we are now. Time to analyze where we may be going from
here.
According to this current situation, once the years-old order block is
retested, we should make a long push back up to the 38810.05 weekly
zone since it was never retested on the 4hr. It just dropped like a brick.
If we are not ready for the giant uptick back up yet, and we
breakthrough the monthly 28990.63 zone, the next pivot area will be
24337.80 daily zone. We're about to find out what happens.
BULL TPS:
• 32788.17
• 34337.72
• 35504.62
• 36622.43
• 38810.05
BEAR TPS:
• 29315.72
• 27774.40
• 26233.07
• 24475.42
Bitcoin long opportunity on this pullbackAs bitcoin price fell hard today, it hit the demand zone on 1D timeframe. Looking for longs to 26800 level where the supply awaits on 4h timeframe.
CHF/JPY: BOS & Change in SequenceCHF/JPY: BOS & Change in Sequence
> Trendchannel break
> BOS & ChoS
> POC above current price
> Stockmarket downward pressure support a short in CHF/JPY
Also take a look at our streams:
www.tradingview.com
Meikel & Team WSI
COPPER structure long set upSwing trade set up based of structure on copper.
Entry zone at 4.20 to 3.90 with 3 target zones.
$KNC swingThis is the first swing deal in my account here.
So enter : 1.89
Stop lose : 1.792 (5%)
T1: 2.072
T2: 2.155
High risk*
Good luck
Nzd/Cad6 Confluence Trade
- Weekly HIgh Prob. Engulfing candle
- 4Hr. Break & Retest
- 4Hr. High Prob. Variation Candle
- Fib
- Sma
- Rsi Divergence
VCP characteristics, Base on Base structureExhibiting good relative strength.
Tight contraction on the right hand side and volume dry up in the last couple of days.
Volume surge in shorter time frame.
Surged through pivot at 741.
Broader market is weak, therefore sizing 10% of portfolio.
Bought at 735, will close if breaches day low.
Publishing for my own reference. Not an investment/trading advise.
