STEPN - Looking great, don't let FOMO draw you inYes, this looks like a fantastic time to buy. But is it? No. Until the super simple chart with the trend line is breached decisively, there shall be no buy. If the trendline is not broken, then we're just set for more down and lower lows. Want to lose all your money? Plough it in based on FOMO. If you do not want you bank account to go to $0.00 then step back, zoom out and keep an eye on the signals to ensure you're not putting good money after bad. All the glitters is NOT gold. Follow for more.
Trend-trade
USDJPY (Bearish trend )USDJPY technical analyse
The price has a bearish pressure because can be stabilized under the strong barrier which is 155.445, so the bearish station is 154.700 and 154.260, and the next bearish station will be activated by breaking the support zone means under 154.260 to get 152.850
Pivot line: 155.400
Resistance line: 155.950, 156.590, 157.970
Support line: 154.260, 152.850, 150.770
The expected trading range is between support 152.850 and Resistance 155.500
GOLD (To 2369$) Fed's Inflation Measure Up 0.2% in AprilFed’s Preferred Inflation Measure Rises 0.2% in April, as Expected
According to a closely watched measure released Friday by the Federal Reserve, inflation rose as expected in April, with markets anxious about when interest rates might begin to decline.
The personal consumption expenditures (PCE) price index, excluding food and energy costs, increased by 0.2% for the period, matching the Dow Jones estimate.
On an annual basis, core PCE rose by 2.8%, 0.1 percentage points higher than the estimate.
Including the volatile food and energy categories, PCE inflation was 2.7% annually and 0.3% from the previous month. These figures were also in line with forecasts.
Technical Analysis of Gold
The price has stabilized in the bullish zone, particularly after the PCE result came in at 0.2%.
The first bullish targets are 2364 and 2369. After reaching these levels, the price is expected to move between 2369 and 2354 until a breakout occurs.
Volatility is expected to remain high until the market closes.
Pivot Price: 2347
Resistance Levels: 2369, 2388, 2397
Support Levels: 2327, 2318, 2304
Today's anticipated trading range is between the support level at 2335 and the resistance level at 2397
US30I'm adding an analysis a little later. For me is Us30 still bullish. But it is still a good entry for a long. As the chart shows, SL and TP. Always take partials and move SL to BE after 50 pips profit!
MATICUSDT Daily S/R| Psfp| .618| Price Action Evening Traders,
Today’s analysis – MATICUSDT- rejecting from a key level, a bearish retest will allow for a short,
Points to consider,
- Price action impulsive
- Daily S/R Resistance
- .618 Fibaoncci Confluence
- Rotataional Range
MATICUSDT’s immediate price action is trading at an area of resistance that has technical confluence with the .618 Fibonacci and Daily S/R, allowing for a bearish bias.
Price action breaking the current local order block will increase the probability of a deeper pullback.
The immediate objective is the lower Daily S/R support, how price action reacts here will dictate the overall trend.
Overall, ub my opening, MATICUSDT is a valid short with defined risk, price action is to be used upon discrtrtion/ management.
Hope this analysis helps
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And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
ETHUSDT POC| .618 Fibonacci| Price Action| Trend Today’s analysis – ETHUSDT – trading at a very pivot where a bullish expansion is probable,
Points to consider,
- Price Action Corrective
- POC Support
- .618 Fibonacci Pocket Support
- Daily S/R Support
ETHUSDT’s immediate price action is trading at a key support region that is in confluence with the .618 Fibonacci, POC, and the Daily S/R – allowing for a bullish bias.
The immediate objective is the Monthly S/R, exceeding this region will lead to a trend continuation
Overall, in my opinion, ETHUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
A given skill is mastered only when consistently performed under intense pressure. If this isn’t the case, keep working on this skill until it’s proven to consistently show up under pressure. – The Mental Game of Poker
BLURUSD Daily S/R| POC| Range Low| Price ActionEvening Traders,
Today’s analysis, BLURUSDT, trading towards its range low, holding and consolidating will be a bullish sign,
Points to consider,
- Price Actin Corrective
- Daily S/R Support
- POC S/R Support
- PA Rotation
BLURUSD’s immediate price action is corrective and is at an area that has technical confluence with the .618 Fibaoncci, POC and Daily S/R, allowing for a bullish bias.
Consolidating and creating a bottoming structure will be a sign of strength, this has yet to be produced.
Overall, in my opinion, BLURUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
GMTUSDT Daily S/R| VAL| PA Context| Range High Evening Traders,
Today’s analysis – GMTUSDT- trading above a key support region where a rotation towards the range high is possible,
Points to consider,
- Price Action Impulsive
- Bullish Retest Zone
- VAL Support
- Daily S/R Support
- Range High Objective
GMTUSDT’s immediate price action rejection from its POC and is now finding support at an area that is in confluence with the VAL, Range Low and Daily S/R, allowing for a bullish bias.
The immediate objective is the range high, exceeding this level will mean a larger trend continuation.
Overall, in my opinion, GMTUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
LITUSDT Weekly S/R| .618 Fibonacci| Price Action| Trend Evening Traders,
Today’s analysis – LITUSDT – rejecting from its .618 Fibonacii and is now trading below key resistance,
Points to consider,
- Price action impulsive
- Daily S/R Resistance
- Weekly S/R Support
- Price Action Range
LITUSDT’s immediate price action is trading under resistance, as long as price stay below, it is likely to trade lower.
The Weekly S/R is the immediate support, holding this area will create a local price action range, allowing for potential accumulation.
How price action trades within the range will dictate the immolate direction
Overall, in my opinion, LITUSDT needs form a constructive range before the next expansion
Hope this analysis helps,
Thank you for following my work
And remember,
“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
LTCUSDT Int-Weekly S/R| Daily S/R| .618 Fibonacci| VAH Evening Traders,
Today’s analysis – LTCUSDT – trading at a clear resistance where a trend reversal is probable,
Points to consider,
- Price action impulsive
- .618 Fibaoncci Resistance
- Daily S/R Resistance
- VAH Resistance
LTCUSDT’s immediate price action is trading at an area of technical resistance confluence, this allows for a bearish bias.
The area is in confluence with the .618 Fibonacci, VAH, Daily S/R and the Internal Weekly S/R, this deems the area for potential trend reversal.
The immediate objective is the lower Daily S/R Support, a bounce here is likely which will then need a further analysis.
Overall, in my opinion, LTCUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee
ATOMUSD Bullish OB| Monthly S/R| Psfp| InternalS/R| PAEvening Traders,
Today’s analysis – ATOMUSD- trading away from a key support region, a pullback needs to hold for a bullish continuation.
Points to consider,
- Price action impulsive
- Monthly S/R Support
- Psfp Liquidity
- Bullish OB Support
- Internal S/R Support
ATOMUSD’s immediate price action is trading with consecutive higher lows, allowing for a bullish bias.
The current level of confluence is situated around the Monthly S/R, this includes the VAH, Psfp, Internal S/R and a Bullish OB.
The overall objective is the Daily S/R, exceeding this level will lead to a trend continuation.
Overall, in my opinion, ATOMUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember!,
“It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’
DOTUSDT Range VAL| .618 Fib| Psfp| Price Action Evening Traders,
Today’s analysis – DOTUSDT- rejection of from a key level and is now rotating towards the lows,
Points to consider,
- Price action impulsive
- POC S/R Support
- .618 Fiboancci Support
- Range VAL Support
DOTUSDT’s immediate price action is trading towards an area that has technical confluence with the .618 Fiboancci, VAL and the POC region, this allows for a bullish bias.
Holding support at the technical level will allow for a bounce back towards the range high,
Overall, in my opinion, DOTUSDT is a valid long with defines risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
OCEANUSDT Bullish MS| Local Resistance| Higher Low| Liquidity Evening Traders,
Today’s analysis – OCEANUSDT- trading at a local resistance where a rejection is plausible,
Points to consider,
- Price Action Impulsive
- Local Psfp Resistance
- Daily S/R Resistance
- Dynamic S/R Support
- .618 Fibonacci Support
- Local VAH Support
OCEANUSDT’s immediate price action is impulsive, putting a local high here will increase the probability of price action correcting for a higher low.
The local POI will be the Dynamic S/R Support that is in confluence with the Psfp, VAH and .618 Fibonacci, allowing for a bullish bias.
Overall, price action needs to retrace for this trade to become probable, discretion is to be used upon execution/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee,
CRVUSDT Daily S/R| Psfp| .618 Fibonacci| Equal Highs Evening Traders,
Today’s analysis – CRVUSDT – trading in a consolidation with a clear set of equal highs that are likely to get taken,
Points to consider,
- Price action impulsive
- Daily S/R Support
- .618 Fibaoncci Support
- Equal Highs Objective
CRVUSDT’s immidie price action is trading in a consolidation that will breaking in the coming days.
A breaking down needs to hold at the current area of confluence, that is with, the Daily S/R, Psfp, and the .618 Fibaoncci, allowing for a bullish bias.
The immediate objective is the Equal Highs, exveeding this level will lead to a larger rise
Overall, in my opinion, CRVUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember!
“You create your own game in your mind based on your beliefs, intents, perception and rules.”
― Mark Douglas
ETHUSDT Monthly S/R| HTF .618 | Psfp | Price Action Evening Traders,
Today’s analysis- ETHUSDT- trading at a key resistance zone where a rejection lower is possible,
Points to consider,
- Price action impulsive
- Monthly S/R Resistance
- HTF .618 Fiboancci Resistance
- Sfp-entry area
ETHUSDT’s immediate price action is trading in a zone that is considered resistance due to technical confluence such as the Monthly S/R, HTF .618 and Psfp, allowing for a bearish bias.
The immediate objective will be the low Psfp, this is an area of resting liquidity this a magnet for price action.
Overall, in my opinion, ETHUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
USDJPY Weekly S/R| VAL| Psfp| Price Action Evening Traders,
Today’s analysis – USDJPY – trading at a key level of support where a bounce towards the highs is probable,
Points to consider,
- Price Action corrective
- Daily S/R support
- VAL Support
- Channel low
USDJPY’s immediate price action is trading towards an area that is in technical confluence with the .618 Fibonacci, Weekly S/R, VAL and the Psfp, allowing for a bullish bias.
Breaking out of the current channel will signify a change in market structure, this will mean a new higher high.
The immediate objective is the Daily S/R, exceeding this level will lead to high targets.
Overall, in my opinion, USDJPY is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!,
Thank you for following my work
And remember,
Trading is mostly a waiting game. if you want action that happens on your own terms, you’re in the wrong field.
EURUSD POC/ Daily S/R| .618 Fibonacci| Price Action Evening Traders,
Today’s Forex Analysis – EURUSD – trading directly at its VAH where a rejection is plausible,
Points to consider,
- Price action impulsive
- POC S/R Support
- Daily S/R Support
- .618 Fibonacci Confluence
- Psfp Confluence
EURUSD’s immediate price action is rejection from its VAH, increasing the probability of a pull back into support confluence of the POC, Daily S/R, .618 Fibonacci and Psfp – allowing for a bullish bias.
The immediate objective is the Daily S/R, exceeding this level will lead to a trend continuation and an establishment of a higher low.
Overall, in my opinion, EURUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Sometimes the best trade is no trade.” – Anonymous
SOLUSDT Bullish uptrend| Local PA Range| Daily S/R| .618 Evening Traders,
Today’s analysis – SOLUSDT- trading in a defined range where an up-thrust into resistance is probable,
Points to consider,
- Price action impulsive
- Daily S/R Support
- .618 Fibonacci Support
- MS Higher Low
SOLUSDT’s immediate price action is impulsive, it is potentially establishing a higher low that is in confluence with the .618 Fibonacci, Daily S/R and the VAL, allowing for a bullish bias.
The immediate market structure remains bullish, thus, there is a higher probability of price action testing resistance again.
Overall, in my opinion, SOLUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
GMTUSDT Daily S/R| .618 Fibonacci| Price Action| Trend Evening Traders,
Today’s analysis – GMTUSDT- trading towards a clear support level where a bounce is probable,
Points to consider,
- Price Action Corrective
- Daily S/R Support
- .618 Fibonacci Support
- Bullish Order Block
GMTUSDT’s immediate price action is coming close towards a support level that is in technical confliuenc with a Daily S/R and the .618 Fiboancci, allowing for a bullih bias.
The immediate objective is the Daily S/R Resistance, exceeding this level will lead to a bullish continuation.
Overall, in my opinion, GMTUSDT is a Valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
― Yvan Byeajee
SHIBUSDT Local Resistance| Daily S/R| Psfp| Trend Evening Traders,
Today’s analysis – SHIBUSDT- trading at a local resistance area where a pullback will allow for a long,
Points to consider,
- Price action impulsive
- Daily S/R Support
- Range Low Support
- Psfp Objective
SHIBUSDT’s immediate price action is rejection from local resistance, allowing for a pullback into support confluence of a Daily S/R , Psfp and Range Low.
Holding the pullback will mean a potential rotation back towards range high, the overall objective is the Psfp.
Overall, in my opinion, SHIBUSDT is a valid long after a pull back with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work,
And remember,
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore