Technical
GBPJPY BREAKOUTPair: GBPJPY
Timeframe: 4H
Analysis: Round number level, Strong resistance, volume profile, Currency strength index, trend line, trend break
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Key Takeaway: Broken trend line, volume level and round number
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Level needed: Need to see price hit 166.120
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Trade: Long
RISK:REWARD : 1:6
SL: -37
TP: +220
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Longterm Bitcoin ChartWhile I'm looking for dmi - to reach certain extremes before I feel comfortable claiming reversal is imminent, this old chart implies we could have already tagged the bottom. There's the caveat of the dmi, and if there is another drop, I'd think it would be around ...maybe the 21st, give or take a day. I don't think you're supposed to try to time it cuz you end up looking foolish, I guess. Maybe btc hits 24k first, and if it breaks that...might just be green light to 30k.
USDCAD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on the chart.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments respectful.
Thanks for your support....
There will be blood if Bitcoin completes this patternHey there.
As you may have noticed, 20WMA and previous ATH around $20k where so promising but, price action tells another story. Meanwhile, Bitcoin is completing a descending broadening wedge which is expected to make a very sharp breakout. If and only if the breakout happens right here, there will be a good chance for change in trend and if not, a fall to support line of pattern puts even $1k Bitcoin in sight.
I hope $20k holds BTC/USDT but the bearish flag in red dotted line is worrying me.
What do you think? let me know in comments.
Cheers.
ZENUSDTHello dear friends
Strangely, this chart has an ascending guard!!!
If the price range of $15.34 is not completely consumed, we can expect the formation of an upward trend, according to the drawn scenario, up to the price range of $22.11.
If the $15.34 range is missed, the next area we would expect price to react to is $13.81.
*But it is very important to consider, if the $15.34 range holds, the bullish guard is valid, if this range is consumed, our mentality to form an uptrend is weakened*
We would be very happy if you share your thoughts with us.
SLPUSDTHi again
There is a possibility that the price can raise itself up to the yellow area, $0.00414!
1) We must not forget that the price range of $0.00358 in the daily time frame has been engulfed!
2) On the other hand, RSI has a positive divergence in the daily time frame!
3) Currently, in the one-hour time frame, the price inside a pattern is a triangle!
Do you think the downward trend line will break upwards!!?!!
I believe that according to the drawn scenario, we will have a downward trend up to the range of $0.00341, and if the price does not fall below the yellow range ($0.00319), there is a possibility of completing a wedge at the end of the descending channel.
#TETHER/DOMINANCE PRINTING A BULLISH FORMATION!!Hello, traders welcome you all to another chart update on USDT DOMINANCE.
If you are reading my update for the first time hit the like button follows and comments in the comment section if you find this analysis helpful.
As we can see above the mentioned chart USDT DOMINANCE again bounced after breaking above the triangle pattern just like before.
This chart is based on previous PA as USDT dominance was bounced 65% on an average last time and it looks like it is on the same path again to do so.
USDT dominance needs to reject from the above-mentioned resistance zone to bring relief to bulls and breaking above will end up things for bulls.
Let’s see how it moves in the upcoming hours.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask relating to this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
EURJPY , POTENTIAL WAY TO GO LONG📈EURJPY, price has tested 61 Fibonacci retracement level and it bounced off to the 50 fib level or zone and reversed back to 61 Fib level again on the 4H timeframe, price is consolidating between 61 and 50 (5) Fibonacci levels....
price has the potential to reverse higher📈.
we'll look for buying setup Hammer, bullish engulfing, flag on 1H or 4H time-frame.
OGNUSDTHi dear friends
The price has been very nice in its movement, respecting the previous ranges, and until the orange uptrend line is broken to the bottom, I have no mentality for a downtrend.
In my opinion, there is a high possibility of forming an upward trend from the $0.2458 or $0.2348 price range.
The yellow range ($0.3454) is not so valid and probably there are no special orders in this range!!!
If the uptrend line doesn't break down, the longer term downtrend line is more likely to break, isn't it!?!?
ENSUSDTHi, I hope the coming week will be a profitable week (:
The price is moving inside a descending channel.
If we ignore the triangle pattern, considering the yellow range and the type of previous movement (inability to enter the $10.817 range), we should have a reaction to the $9.733 range.
I prefer to close 75% of my sell trade at the $7.364 price range, but I can't ignore the triangle target, so that leaves 25% for that range.
Be sure to share your comments with us
SOLUSDTHi, I hope you have a nice day.
The bullish momentum is stronger than the corrective trend, but the price range of $31.6 has been engulfed! As a result, in my opinion, the downward trend is not over yet.
The possibility that we have an upward trend to higher ranges and a downward trend is formed again to the price range of $27.86 is not out of mind!
We would be happy if you share your thoughts with
ETH/USDT Breakout Zonewe still holding above our current ascending line , which show huge accumulation for the price , we will confirm a breakout and buy;ish momentum the moment we break out current resistant the 1300$, and the next target will be above the 1700$.
if we didn't hold our support above our ascending line , the short will drive the price to make double bottom above the 900$.
Long on USOIL/ WTIBased on the structure of price action. There's a potential H&S, if this plays out then we can expect movement to the downside on the right shoulder, if not, we can see price move further above that supply zone.
DISCLAIMER: THIS IS ONLY A POSSIBILITY not a guarantee. The point of technical analysis is to understand structure and have clarity of the charts not so much predicting the chart but equip us for better reaction.