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Tecnicalanalysis

EURCHF ____ BEARISH MOVE CONTINUATIONHello Traders, On a larger scale, which is the monthly timeframe, you will notice how bearish the EURCHF has been in months. Drilling down, you will see on the weekly timeframe by looking left that we are trading in a supposedly bullish zone (where the price rallied from) but that should get little attention as currently, the market structure on the weekly chart is bearish and is about to complete the next impulsive leg which can be estimated by using the Fibonacci extension tool. Before we go into the daily chart, I want to draw your attention to how last week's candle closed. What you will notice is the bearish strength in that candle. Now let's go into the daily timeframe. What jumps right out is the CHOCH which signifies that the market structure has shifted from bullish to bearish. Hence, we mark the order block that caused this CHOCH and wait for a retracement to continue the bearish move. I will be waiting to see if there will be a CHOCH on the 1-hour timeframe once the price trades into the daily supply order block as marked on my chart. If I don't see this, I don't trade. Follow for more updates like this. Cheers, Jabari
Short
by jabariofafrica
GBPUSD - Continuation or Breakout?Analysis: Bearish Confluences Strong downwards trend Broken below past major support Retesting a previous key level 61.8% fib retracement level touched In a descending channel Downwards trendline touch 4K long position increase for the USD Bullish Confluences GBP is the 2nd strongest major currency whereas the USD is the 3rd strongest major currency 8K long position increase for the GBP 1K short position decrease for the GBP 4K short position increase for the USD Recent news for the USD has been bearish Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
11
USDCHF Buyers In Panic! SELL! My dear friends, Please, find my technical outlook for USDCHF below: The price is coiling around a solid key level - 0.8856 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8819 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
7
EURCHF - Can We Head Any Further Down?Analysis: Bearish Confluences Strong downwards trend Retesting an area of significance 61.8% fib retracement level touch In a descending channel Descending triangle pattern forming Downwards trendline touch 8K short position increase for the EUR 2K long position increase for the CHF Bullish Confluences EUR is the strongest major currency whereas the CHF is the 3rd weakest major currency 7K long position increase for the EUR 1K short position increase for the CHF Recent EUR news has been bullish Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
24
Binance (BNB) Price Analysis: Exploring Possible Targets💥 Target 1: $190 - A Stepping Stone on BNB's Path As Binance Coin faces potential price retracements, our first target lands at $190. This level represents a crucial support zone where #BNB may find stability and attract buying interest. Traders and investors will closely monitor BNB's price action as it approaches this level, seeking opportunities to accumulate or ride the upward momentum. 💥 Target 2: $150 - Seeking Consolidation and Rebounding Should BNB experience a deeper pullback, our second target awaits at the $150 level. This zone has historically acted as a consolidation area, providing a springboard for potential rebounds. Traders will keep a close eye on BNB's market dynamics and indicators for signs of a reversal, aiming to capitalize on a potential bounce from this level. 💥 Target 3: Between $98 and $110 - Unlocking the Golden Pocket Now, let's dive into the exciting concept of the Golden Pocket. This range, extending from $98 to $110, holds immense significance as a potential support zone for BNB. The Golden Pocket, derived from Fibonacci retracement levels, often serves as a turning point that attracts considerable buying interest. If BNB's price retraces to this zone, it presents an enticing opportunity for traders to enter or add to their positions. The Golden Pocket captures the attention of many market participants, as it historically offers a compelling risk-to-reward ratio for long-term gains.
by sailortrades
6
XAGUSD - Have We Broken Out Of The Downwards?Analysis: Bullish Confluences Breakout of downwards trend Retesting a previous area of support Breakout above longer term downwards trendline Retest of previous longer term downwards trendline for support 1k long position decrease for the USD Bearish Confluences 1k short position decrease for the USD Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
OANDA:XAGUSDLong
by jpeacockfx
10
XAUUSD - Is The Dollar Bullish?Analysis: Bearish Confluences Strong downwards trend Retest of a previous key level 38.2% fib level close by Downwards trendline touch 2k long position increase for the USD Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
OANDA:XAUUSDShort
by jpeacockfx
19
CNQ - 10 months HEAD & SHOULDERS CONTINUATION══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
TSX:CNQLong
by TheArtOfCharting
2
EURGBP Massive Short! SELL! My dear friends, Please, find my technical outlook for EURGBP below: The price is coiling around a solid key level - 0.8582 . Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8548 Safe Stop Loss - 0.8600 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Bitcoin Cash broke 200 levelHi guys, let's review the current situation on Bitcoin Cash. In my previous post I indicated that if Bitcoin falls under 28k then Bitcoin Cash drops under 200 level and that's what happened here. Bitcoin dropped up to 25k and Bitcoin Cash almost touched 160. As it shown on the chart BCH almost touched upper bound of 160-145 support area and I think that now this area will play important role for Bitcoin Cash. I don't think that this level will be broken any time soon as I don't expect Bitcoin to break 25k support either. But probably BCH price now will be fluctuating between 160 and 200 prices. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
3
USD/CHF: a textbook pattern has been formed. What is next?As it can be inferred from the 2D-timeframe development on USD/CHF, the price has been trading within the borders of the descending parallel channel that is illustrated on the graph. Hence, our sentiment is bearish. After witnessing some price development (printing wick candles and showing signs of a bearish reversal), the market tricked sellers into making executions, after which a massive bullish candle rushed towards the upside and wiped out the early bears. According to our technical analysis, we are expecting for bearish moves to resume from here on and reach the target zone that has been mapped on the graphic in the middle to long run.
Short
by Investroy
17