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EURGBP Trade Idea - Elliott WaveLet’s discuss the price chart of the EURGBP currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, the price action has recently completed an ending diagonal triangle formation. The price is trading within Wave 3 (circle). The most recent retracement is approaching a 78% Fibonnaci level. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, bottomed on April 1 (1st vertical line), and is projected to form a top on April 29 (2nd vertical line). Based on this, we can expect prices to find support at or near the current level and start trading higher towards the 0.8599 level which is the next major resistance area. If you find this analysis useful, make sure to press the “Like” button and comment.
Long
by ForexTrainingGroup
1
NVDA: Pay attention to these PRICE LEVELS!Hello traders and investors! Let’s see how NVDA is doing today! First, in the 1h chart, NVDA is still in a clear bull trend, and there’s not a single bearish structure around. In this case, all we can do is assume it’ll keep pushing up, until it hits the next resistance level, which we’ll talk about soon. However, the most important key point on NVDA is the green line at $ 272. This point worked as a support and resistance in the past, and it won’t be easy for NVDA to lose it. However, if it does, we’ll probably see a correction in the daily chart. A correction here shouldn’t be scary at all, for many technical reasons. It is important to say that since NVDA broke the purple line, and started doing higher highs/lows, it is in a bull trend. Any correction in a bull trend is just an opportunity to buy at a cheaper price. What’s more, pullbacks are natural and expected movements, and as long as we don’t see a clear reversal pattern around, there’s no reason to panic when it drops. As far as I know, NVDA could drop all the way down to the 21 ema again (now at $ 259 and rising), and this wouldn’t ruin the bullish bias. The next resistance is at $ 307, and regardless if we see a pullback or not, this is a nice target to work with right now. Only a bearish reversal structure would change my mind, and so far, there’s none. I’ll keep you guys updated on this, so remember to follow me to not miss any of my analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
9
AUSSIE FALLS FOLLOWING RBA DECISIONAUD/USD fell sharply on Monday, following the RBA decision, breaking below the upside support line drawn from the low of September 29th and stopping at 200-EMA. This has discarded the bullish case, but it has yet to confirm a bearish reversal signal. Therefore, the traders probably will stay sidelined for now. According to the experts, a bearish reversal signal will be a clear dip below 0.7375, support marked by the high of October 18th. This will confirm a forthcoming lower low on the 4-hour chart and may initially pave the way towards the low levels around 0.7311. If the bears are unwilling to stop there, then a lower break could allow extensions towards the low of October 06th, at around 0.7220. Below that lies another potential support zone, at approximately 0.7169, from where the buyers probably will jump back into the action. Now, in order to start examining the resumption of the prior uptrend, the traders would like to see a rebound back above 0.7550. This will confirm a forthcoming higher high on the daily chart and may see scope for extension towards the 0.7600 zones, the break of which could pave the way towards the inside swing low of June 3rd, near the 0.7650 area. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
by legacyFXofficial
1
Bitcoin flies to the 72/000 channel Baa falls $ 8000 as I said before From Sunday to the end of the week, the ascent process to reach the peak of 72,000 begins And whale traps are on the way We may climb up to 78,000 This is the best time to make a profit And get out of the market and be an observer Since it is 60 days , the market is red and after this climb, we will be accompanied by an unprecedented fall of bitcoin, so that it returns to the price of the previous year. I repeat, take advantage of the best time and get out of the market before it is too late The fall to the 8000 channel on May 25, 2021 will be inevitable and after that I will not leave any analysis for the next 4 years.
Short
by mamin1990
7
Bitcoin flies to the 72/000 channel Baa falls $ 8000 As I said before, , to the weekend, we will have an upward trend to Channel 72 As a result of the money triangle where the left wing of the bat is in the $ 8000 channel and the right wing is stretched to the 72/000 channel, the weight of the left wing will cause fatigue of the right wing and thus fall to the $ 8000 channel. will be The fall to Channel 8000 will be final until May 25, 2021 The second wing of the bat is opening for the next leap to the 72/000 channel The first wing in the channel is $ 8,000 The weight of the first wing causes the bat to become too tired, and the second wing, which opens up to the $ 72,000 channel, will fall down and be pulled into the $ 8,000 channel The money triangle, which is the second wing of the bat, does not form The 60-day resistance wave is shaky and leads to drift
Short
by mamin1990
15
BEAR Momentum | GBPAUDWeekly - We notice a major exhaustion which mean the market is ready for the downside Daily - Major Support ans Resistance is set with the market testing the Major Resistance and also made its High after the huge exhaustion with a bearish candle 4HR - The market created a major Resistance which is a Double Top, but on 1Hr we see it test that resistance 3 times. This rejection is a confirmation that the market cant break the resistance after the major exhaustion. How to ente r - We look for a retrace and enter with Price Action using candle stick analysis or retracements
Long
by A1access
$BTCUSD - Bitcoin Technical analysis - Bitcoin is being Bullish!Hello Everyone! Hope you are liking our analysis so far. Today DMA's are giving bullish signs again, as DMA 50 has crossed DMA 200 upwards in the charts. And is giving a strong signal of bitcoin being bullish. As we have earlier said that " HISTORY REPEATS ITSELF " ,So here we can see that on 25th Oct 2015 it was the first instance when DMA 50 crossed DMA 200 and it rallied to mark the all time high and then on 25th April 2019 it crossed it again and it gave us a huge return. Lets hope for a bullish rally again. Also, please do Hit LIKE and FOLLOW button if this idea makes sense to you. Please do your research as well as this is not financial advice! Thank you very much for all your support and love Yo Crypto
COINBASE:BTCUSDLong
by YoCrypto
USDCAD LONG TRADEAfter we ride the impulse move to the down side and made 200+ pips profits. now its time to ride the correction move to the upside. currently price creating a inverse head and shoulder that give us a chance to go long. look for the rejection around S/R zone on the highlighted area before placing any long trade. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. join my free telegram channel to see more about my service at LCFXpro Trading Floor. LINK IN BIO!! _________________________________________________________________________________________________________________________________________ Thank you for your support! LamchiuFX
Long
by LCFXpro
7
GBPUSD DAILYPrice making higher highs & higher lows. Nothing indicating a trend reversal price came down to 61 8 zone / Daily support and respected it. I expect the US dollar will get weaker as well & am looking for a higher high to form @134.50 zone. Nice setup here entered long with a small entry for now & will be adding more on the way! possible 500 pip trade here will be watching closely : ) Drop a like & comment if you agree or have any comments to add! Thanks! Trade with care!!
Long
by Profound_Ambition