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EURCAD SHORTIf you look left, there’s a circle. I’m looking for that same pattern at this resistance level. Potential ABC pattern setting up. Looking for a 1:1 minimum. I set a limit order at the recent high where the A leg started. I’m also looking for price to test that same recent high before a leg further down in price. Price has also been rising on low volume. If we miss it, no need to force it. Heading to bed so if it looks better during the day I may update with a market execution instead. Not advice.
Short
by Redimere_91
1
AUDJPY SHORT(Did this publishing on my mobile app.) On the Daily timeframe, a potential ABC pattern has been spotted. If you look left, the ABC pattern from the past is what I’m referring to. The RSI is overbought at this level and there is also a potential divergence being created between price and RSI. Buyers seem to still want to push but the effort in action seems like it’s gassing. Took an initial entry with a 1:1 setup and may start planning for an additional entry depending on price movement down the road. This is a weekly/ daily trade and will take some time. Not advice. If stop loss gets hit, we will reassess.
Short
by Redimere_91
4
NZDJPY ShortI usually publish daily charts but will now switch to 4 hour. There looks to be rsi divergence between the 4 hour, daily, and weekly timeframes (dotted line). Price has been rising on low decreasing buyer volume recently. Started a leg here and am looking for a 20% to 40% fib retracement of the previous macd low. Buyers seem to be staggering a bit at this resistance zone on this timeframe. Buyers are still fighting pretty good on the daily and weekly but im focusing on the rsi divergence with the 4 hour volume to price divergence. Not advice. What do you think?
Short
by Redimere_91
SasanSeifi 💁‍♂APT ⏩ 8$ / 8.70$Hey there! In the daily time frame, the expectation we can have is that the price may grow to the range of 8 dollars. The significant support range is at 6.50 dollars. 📈🚀 🟢 Keep in mind that these are just scenarios, and it's important to conduct your own analysis and consider other factors before making any trading decisions 😊📈📉 ❌ (DYOR) ⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you! 🔹If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊 🙌
Long
by SasanSeifi
Flight to safety provided an initial move, but session was mixedImmediately as trading got underway in the Asia session, the flight to safety was clear following the attacks over the weekend on Israel. This initially set us up short on the EUR, which unsurprisingly dropped below last weeks bullish close to continue it's slide. My first entry was short @1.05300. I wanted to give price time to settle after the London open to make sure we wouldn't see any wild swings. As we broke lower I was aggressive with the move to B/E and as price struggles around 1.05200, it was bid back up and the trade was over. Interestingly we started to form a narrowing with volume coming in and push all /USD pairs back above VWAP. This gave us the green light to look long, and after some deliberation between this and GBP/USD, I opted to stick with the EUR as I was more comfortable with the price action after watching it all day. Once again I was aggressive with the B/E and as I write it's still unclear if price will break to the upside but being this late in London session I'm happy to not carry the overnight risk and we'll chalk today up to some stumbles from the market.
by RuckSack
SAND is about to go ballistic!Sorry for the clickbait title but I am feeling the vibe on this one. I know, I know. Targeted by the SEC as a security. But, on the other hand, one of the tokens legalized by the Hong Kong market. Outside of debates regarding fundamentals, let's dive into what the technicals seem to be showing us! First, take a look at the beautiful triangle! Dang son, it don't get much better than that yo! Now, look down there at that RSI. See that red TL? Pop, pop, ...and POP. At every touch you can bank on cash. Incidentally, this third touch will coincide with a touch of the bottom of our triangle. And, just below that, a very important support. This is an easy bet. I have entered at 37 cents ish and will hold till at least 53 cents with the remaining balance to 58 if I don't get stopped out first. I will be moving my stops up as we go as always. Best, Stew
BINANCE:SANDUSDLong
by stewdamus
GBPCHF FORECAST Right now market is in support zone and trying to pull back from support zone from few days market moving in a rectangle zone i.e If market successfully pullback from support zone then we can expect a upward trend following rectantangle zone till 1.15141 if it brake the resisrtance then market will again move upward direction and price will come nearest to major resistance If market fails to pullback from here then the price can go downward direction and try hold at support .if price break this support also then then the market start changin his move and moving downward direction sharply and we can expect a bearish market here and most probably market will reach nearest to major support and try to hold here or market will pullback rapidly due mojor support
by yusufff04
GBPUSD Bullish on Hot UK InflationGBPUSD You can find me on tradingview.com Strategy Bullish The British pound held firm around $1.28, staying close to its peak of $1.2848 recorded in June 16th, as hotter-than-expected inflation numbers raised anticipation among investors that the Bank of England would respond to the persistent inflationary pressures by implementing further interest rate hikes. In May, the headline inflation rate remained unchanged at 8.7%, slightly above the projected 8.4% and surpassing the policymakers' target of 2%. Additionally, the core inflation rate accelerated to 7.1%, reaching its highest level since March 1992. The Bank of England will likely deliver a 13th consecutive interest rate hike on Thursday, bringing borrowing costs to fresh 15-year highs. Markets now price another 150 basis points of hiking for a peak at 6%. GBPUSD broke resistance zone 1.2464and closed above 1.2697 GBPUSD made since March14th2023 2consequent HH AND HL. The next HL must close above 1.2382 otherwise the market structrue will not be valid anymore and the danger of bearish structure will be created. If the bullish market structure continues then 2 bullish scenarios are potentially possibel(See green arrows Trendomat and Buy Sell pressure are green what indicates continuation of the bullish trend  $1.29 in the Hands of UK Inflation and Powell With the Bank of England set to deliver its June interest rate decision on Thursday, today’s inflation numbers will materially influence the Bank’s outlook on inflation, the UK economy, and monetary policy. To date, inflation has remained sticky. With a more resilient-than-expected UK economy, the markets expect a hawkish 25 basis-point interest rate hike. An annual inflation rate below 8% could support a BoE pause after the summer. Economists forecast the UK annual inflation rate to soften from 8.7% to 8.4% in May. Investors will need to look beyond the headline figure, with food price inflation and core inflation needing consideration. However, wage growth remains a bugbear that would also need to slow to give the doves more voice. With inflation in the spotlight, investors should track Bank of England commentary for clues on monetary policy and the economic outlook. However, no Monetary Policy Committee members on the calendar to speak, leaving chatter with the media to move the dial. Looking at the EMAs and the 4-hourly chart, the EMAs sent bullish signals. The GBP/USD sat above the 50-day EMA, currently at $1.26889. The 50-day EMA pulled further away from the 200-day EMA, with the 100-day EMA widening from the 200-day EMA, delivering bullish signals. A hold above the S1 ($1.2716) and the 50-day EMA ($1.26899) would support a breakout from R1 ($1.2810) to target R2 ($1.2855). However, a fall through S1 ($1.21716) and the 50-day EMA ($1.20097) which is on the same time the Monthly average price would bring S2 ($1.19885) into view. A fall through the 50-day EMA would send a bearish signal. Resistance & Support Levels R1 – $ 1.2810 S1 – $ 1.21716 R2 – $ 1.2855 S2 – $ 1.19885 R3 – $ 1.2948 S3 – $ 1.16547 A breakout from the Tuesday high of $1.28067 would signal an extended breakout session. However, the Pound would need the UK inflation numbers and Fed Chair Powell to support a bullish session. In the event of an extended rally, the GBP/USD would likely test the Second Major Resistance Level (R2) at $1.2855 and resistance at $1.29. The Third Major Resistance Level sits at $1.2948. Failure to move through the pivot would leave the First Major Support Level (S1) at $1.2716 in play. However, barring a UK inflation-fueled sell-off, the GBP/USD should avoid sub-$1.2650. The Second Major Support Level (S2) at $1.2668 should limit the downside. The Third Major Support Level (S3) sits at $1.2575.
Long
by DaveBrascoFX
1
DPZ - MyMI Option Plays - CallsAfter announcing their partnership with UberEats and others, we had an explosive breakout this morning to $409.47 this morning, breaking above the $394.99 Level of Resistance before pulling back below and hitting the 50% Retracement Level ($378.50) before starting to retest that $394 Level. I'm looking for a potential $419 retest at least, if not higher those $443 Levels of Resistance that never became support. While showing a longer timeframe to show all Fib Retracement Levels that we're watching.
NYSE:DPZLong
by MyMIWallet