My outlook on GBPUSDPrice is in a ranging market and currently at the resistance zone, also creating a falling wedge pattern. Looking to go long after break and retest of trendline and that minor zone.
Topdownanalysis
My short position on GBPAUDI'm going short on gbpaud after break of up trendline and price created a continuation pattern and broke out of it. Went short after the retest.
April 2023 - $5600 Bottom, Start of A New CycleOk so basically Dollar Milkshake Theory + Central Bank Incompetence + Monthly PA + Sep/Oct 2018 PA = bottom not in. Oh and also a giant global debt bubble (good luck using credit or cash when this pops).
BoE bond buying will accelerate GBP collapse along with other currencies since its inflationary. Also, Fed won't pivot and will only neutralize the market up until elections are over. They will not care about UN requests and whether it crashes at this point since they don't represent you and are not held accountable. Also they would love a world where they are the buyers and lenders of last resort.
I'm predicting a $5600 bottom around April of 2023, assuming things start collapsing soon, and then from there we moon to new ATH in about 3 years to around $120,000. This is assuming debt bubble collapse which would force money to start looking for alternative paths. Crypto being the big one and it will start to be seen as a safer asset. Also, people love speculating and Millenials still have Trillions of Dollars to inherit (and they love crypto). Ultimately, these hedge funds/institutions work for these families with money.
If you draw the trendlines as I have, with log scaling, it looks like BTC is in an upward channel. It would make sense to touch the key level marked in green around $5600. This is a key level as you can see on the graph and respecting this level would legitimize the 2019 - 2021 cycle. Below this level would be another $3k retest but it just seems very unlikely accounting for where adoption is now.
Taking the trendline of the cycle from 2019 bottom to 2021 top and extrapolating it on a bottom around April 2023 actually ends up nicely touching the top of the channel. 100k will be a strong psychological barrier and therefore, it could result in a nice short squeeze and run up to the $120ks (top of channel).
This is the first time crypto has actually been in a bear market and calling bottom now around this 20k range is naive at best. Also macro is on the cusp of the typical 100 year depressive debt cycle. Don't take it from me though -- I listen to Dalio.
$10k will be a nice bounce back up to right before $20k only to be rejected for another low to my bottom target. Enjoy and may the odds be ever in your favor!
XAUUSD Top Down analysis Hello traders, here's a breakdown on the xauusd and what the possible move for this pair would be in coming trading days. Let me know what you think below in the comments
Why isn't EU moving as it's supposed to be ?For days, EURUSD has been in consolidation mode and it's what we all must endure however maddening it gets, we just need to wait till price is done gathering enough volume to move to it's intended direction which is a sell.
D1 has been screaming for sells yet price hasn't moved from it's consolidating phas and when it does, we will be there waiting for the big drop.
You can set your sell limit at 1.O85O for the time being because i believe price should move before the end of today till next week and hopefully beyond !.
entered position on m1P1 at 86.57
BE already put, its a potential 1:71 RRR
remember to follow me to stay updated with all my analysis if you like my way to trade
Little updateLittle update with lower timeframes on the entry for USOIL, i would start looking for a setup when price enters the zone marked, due to the big volume of transactions we see, and the convergence with structure.
i also marked some most important wyckoff POIs that offer some more confirmation
clean wheat prices went perfectly to the zone which i had previously marked down, after displacing the upper zone.
now waiting for an entry, i uploaded what i think could be a future push up.
as simple as that expecting a retracement in the POI marked, if 1558.24 is displaced analysis is invalidated.
we will wait to see some good lower structure movemets to enter short
EURUSD - Top Down AnalysisI wont' spend too much time explaining my thoughts about this pair. The above chart illustrates in a nutshell my expected predicted projection for EURUSD - around 3rd week price to be around 1.03
Now let's take a closer look at some of my thoughts.
Jumping over to the daily.
Reasons to be long include:
Stochastics Oversold
RSI Above 50
Bullish Channel Breakout
Price Action Above 200 SMA
Lastly the weekly
Solid bullish breakout from bearish channel.
== IN SUMMARY ==
My bias has shifted to bullish.
USDCAD - Top Down AnalysisStarting with the 4hour chart above, price action currently trades just above the 1.38 handle. As of writing this article, there are still lots of bullish indications in play such as the ascending channel, RSI above 50, and price action above the 200SMA.
== DAILY ==
RSI Divergence
Maintaining Bullish Channel
Trading Above 200 SMA ( Bullish Sign)
== WEEKLY ==
* Weekly timeframe shows bullish momentum easing off with RSI dropping below 70
* Fairly strong resistance around 1.39 - 1. 40
== IN SUMMARY ==
Be careful about short selling this pair as further upside is still warranted until some of these bullish indications fade further
EURJPY ShortPrice moved back to supply and is rejecting the area. I will be looking for price action to go lower considering the HTF bearish state, however, anything is possible, hence the need to emphasise good risk management.
Analysis on XAUUSDGold created a double top on a monthly timeframe and then broke out of the neckline which tells us that the trade reversal is a very strong one. we're expecting it to drop down to the next support zone which is 1400. on the weekly timeframe, we can see gold break out of a dynamic support trend line then go down to the monthly timeframe neckline, reverse to hit the previous resistance zone before falling which also tells us that there was a break and retest from the weekly dynamic support trendline. we can also see gold creating a pullback then I drew the fibonnaci from the swing low to the swing high(the retest of the trendline) and we see gold get to the 0.618 fib level and then begin to fall again. with all these, I strongly believe gold is falling massively to the next support zone. it will get there next year lol so its a massive swing trade. SHORT GOLD.
NAS100 TECNICAL ANALYSIS WITH UNCLNRBZ - PART 2This is a knowledge oriented video and I hope someone gains a bit of something from it.
US500 Top Down Analysis!!! Copy and Paste the links below to see the charts i'm referring to in TradingView !!!
On the weekly we can see how price this past week opened and rallied higher into the Weekly SIBI and then afterwards nuked lower attacking PWL , and if price breaks below 3720 then I would like to see the SSL as the DOL for the upcoming weeks.
On the daily we can see clearly how price this past week formed the HOTW at Tuesday inside the Weekly SIBI before nuking aggressively lower, and what is also apparent is how price engineered SSL with an old Daily low at Friday so that might be the DOL for this week if we get a clean retracement back into one of those Daily SIBIs .
On the 4H/1H we simply have this past weekly price-range annotated from High to Low, as we are going to be monitoring how price plays out inside that price-range if it doesn’t break out of it.
For more info/clarification concerning this Top Down Analysis don't hesitate to message me.
BTCUSD - Trade Plan & Top Down Analysis== Key Takeways ==
* Wait for pullback to enter on 4 hour timeframe
* First target ascending level of resistance
* If we manage to trade back into the previous channel, monitor the 200 SMA on both the daily and weekly for continuation to the upside
* Monitor inflation figures this week with CPI on Tuesday and PPI the following day on Wednesday.
NZDCADhi guys this is my view on NZDCAD let me know what you think in the comment section, maybe we should go short from the particular area or we should wait
NASDAQ 100 BIAS // OUTLOOK IDEAHey guys! I want to do this more often so maybe every Monday // beginning of the week I can take the time to record me explaining my bias so I can journal as well as share why I see the market the way I do so that way It's both a learning experience for me and whoever else stumbles across this!
I want to this this so I can also keep track of my bias beginning of the week to how it has changed on Friday at the end of the week. So maybe eventually as I do these more I will also add End of the Week overviews as well!
I hope you guys enjoy, Thank you for watching and I promise as I do these more the content will only get better and I learn to share more/better value with you all!
Good luck and Good Trading!
XAUUSD - Top Down AnalysisThere are lots of reasons to be bullish Gold and in today's top down analysis, I'll give you my full technical outlook and when I think is the best time to enter and potentially exit this trade.
Let's start by taking a look at the 4hr chart above. The first thing I notice is that Stochastics is in the overbought territory which makes me hesitant about buying right away. Ideally I'd like to wait for Stochastics to be oversold to enter any long positions.
With my guess, if Gold does decide to pullback and Stochastics drops from the overbought territory, I suspect the 200 SMA could very well act as a short-term pivot point.
Let's now take a look at the daily.
== DAILY ==
With the daily chart, the first thing I notice is the 3 white soilders present on the screen which is a continuation confirmation. This comes following a bullish breakout to the upside with a pullback to support which was previous resistance. Furthermore, Stochastics on the daily timeframe is in the oversold territory which for me adds an additional layer of conviction.
Lastly, the weekly.
== WEEKLY ==
Taking a look here, we can see price action is currently well supported by the strong support zone going all the way back to early 2021.
== IN SUMMARY ==
ENTER: Wait for 4hr pullback towards 200 SMA (Around 1750)
EXIT: Target 200 SMA on daily timeframe (Around 1835)
How To Analyze Any Chart From Scratch - Episode 12Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on HNT, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
How To Analyze Any Chart From Scratch - Episode 3Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on SILVER, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous two episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DAY TRADING STRATEGY USING TOP DOWN ANALYSISIn this video i walk you through my day trading strategy from higher time frame to lower time frame.
In the video, you will discover;
How to day trade
How to analyze the market from a higher time frame to a lower time frame
How to pick the best trades that win.
How to mark your support and resistance.
How to follow the trend and many more.
NZDJPY 4 Hours Chart Technical ProjectionHello Traders
It's me again Opizzlefx.
I have spotted a good selling opportunity for NZDJPY and if you have this pair in your watchlist, i recommend not to miss it. I have gathered all my informations right from the Weekly timeframe and i noticed that it is ready to make that big corrections to the downside. Thus going to the lower timeframe like the 4 Hours timeframe, i saw a good continuation pattern.
Feel free to comment if you do not understand the analysis well and i will explain further.
Thanks
Regards.
