EURUSD POSSIBILITY OF PUSHING HIGHER. Our outlook for EURUSD is LONG. Trendline Break and Bounced back. Area of confluence. Enter on confirmed entry only. Happy Trading.
TRENDLINERETEST
EURAUD Long From SupportEURAUD hit the monthly support once again and bounced bullishly forming a double bottom with bullish divergence(D1).
Price also broke out of the trendline and is retracing back to it.
We can expect the price to drop to 1.45041 from where we can open long orders.
The initial target for buys is the pivot (1.48430).
EURJPY SHORT TREND CONTINUATIONWe broke the trendling and bounce back at A. Confirming the change in trend. Best trades taken for swing positions at point A. We have a continuation to 1.618 Fib extension as out last TP and closing all positions. The trend is making Lower Lows and Lower Highs. We also have a Bearish Engulfing on Support and Resistance 137.50
GOLD HITS THE RESISTANCE - EXPECT BEARISH MOVEMENTGold has risen steadily retracing back to the recently broken support.
This resistance level happens to be 61.8 fib level and also the trendline resistance.
From my previous analysis, this was my target selling zone and I'll be looking for entries in a lower timeframe.
The bearish divergence on technical indicators reinforces my sell bias.
EURUSD DAILY OUTLOOKPrice broke the ascending trendline and has retraced back to it.
The trendline retest and price rejection on the daily pivot suggest a bearish move towards support level 1.0083.
Targets at 1.0121 & 1.0083
BITCOIN more gain 🚀Hello 🐋
Based on the chart, the price is close to the support area , channel support and the green trend lines that act as a support ✔️
if
the price does not break the green trend line and the support area to the downside, we will see more gain to the upside from our support area 🚀
and our
important support areas are $23000 and $22700 and $22100
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
HOW TO USE TRENDLINE FOR ENTRYIn this video i showed you how to use Trendline for entry in the easiest and simple way.
What do you think about this?
I would like to hear your view, drop your comment.
several ideas for EG if it continues up from therethese are only valid if it continues up from that direction. me personally I'm only interested in the 61 and 76 fibs as there's more than just on confluence in that area which is the Trend line retest. so I'd be looking to take that. but it's only medium risk the others are high risk so i recommend risking less 0.5% or less on the white zones and 0.5% or more for the purple zones.
trade safe
ETHUSDTCriteria:
1. Trendline restest after Breakout
2. Fibonacci retracement 50%
3. Supply Zone
4. Rising Wedge Target
5. Fibonacci retracement 78.6%
6. Bullish Divergence on RSI
Tp1: 1128
TP2: 1168
TP3: 1250
NZDJPY Short opportunity with multiple confluences1. Overall down-trend
2. Trendline going for a 3rd touch
3. AWR - Average weekly range HIGH is close to Fibonacci 0.618 AND the trendline
If the price respects the average weekly range it's lining up with the trendline and Fibonacci 0.618 at the same time.
These confluences line up perfectly and could mean a continuation of the down-trend. Good enough for me to take a short position.
POSSIBLE SELLHello, on this pair Analyzing from daily time frame down to 1 hour timeframe(Topdown Analysis), price as tested the upper Trend on the DTF and got rejected moving down to the lower time same setup applies(on 4HTF spootted a double bottom with is also an addition to our factor of confluence). Looking forward to short the pair. My Target is to support 0.7183.
Please kindly support this idea by giving it a thumbs up👍
And if you have any idea let me.know.in the comments section.
NOTES : It just an idea trade with you Risk management Plan.
GBPJPY bounce from resistancePrice on GBPJPY made a pullback after a break of support (yellow rectange) and has tried 2 times to go back above it but keeps failing. I expect downtrend to continue.
AGIX Demand Zone, Falling Wedge ReversalAGIX was traded in a falling wedge since September 2021.
On 21st January price breakdown the lower trendline and find strong resistance between $0.13 and $0.11 – a high demand zone.
Panic selling caused by market uncertainty, Russia – Ukraine conflict, etc. is over and whole crypto market is seeming ‘pretty healthy’.
These in conjunction with the relatively low selling volume and the long shadow candlesticks give a higher probability for a bullish reversal than a bearish continuation.
The begging of the uptrend will be signaled with the breakout of the lower trendline; however, the confirmation will come with the price breaks the upper line and holds above the $0.175 resistance zone.
If you’re a conservative trader wait for the price to breaks the resistance at $0.175 and place your stops just below the upper trend line.
If you’re a more aggressive trader, now is the time to go long or wait the price to return in the demand zone.
I’ll keep my analysis updated to any significant changes.
XNGUSD Technical analysis 4/12/2021This video consist the technical analysis of XNGUSD for the upoming week ( 6-10 December 2021) based on the price action. The market is now in down trend because it has broken and closed below both the neckline of head &shoulder pattern and the deep pullback support of the up trend.
The price is now at the broken resistance which could turn into support.
Bias
If the price consolidate at this area, it will be an indication that there sellers willing to continue pushing the price down or that there are no buyers to push the price up. In either case, we will trade breakout.
If the price forms a false breakout by forming a bullish candle which closes above the support, this will indicate the buyer's interest to push the market up. we will look for buying opportunities until we get a signal that the pullback is over and then we'll look for selling opportunities.
I hope you enjoyed this technical analysis and if you have a market which you want us to analyze with, just write it in the comment section or email us at info@ultimatetraders.rw.
May the market be with you!
Ciao.
USDJPY SHORT IDEAHey guys, this pair broke out from the consolidation. It then retested 114.253 level. I expect to see a sell off from that zone
Algo Pullback BuyThe price has faced a setback due to bitcoin scoring a new ATH. All altcoins are facing now a pullback and algo is testing a non horizontal daily support and the level "2" which makes it as a strong support. Go long to 2.08 and goodluck.
DOT Short Term TradeThe Price has been trying to break the decreasing trendline many times now and now it has succeeded with a very bullish candle. A retest has taken place and now it's the good time to enter long and aim for 53$. Gd luck (NFA)
CADCHF SHORT IDEAHey guys, this pair traded to the daily resistance. We see a bounce from that level. On the H4 timeframe, it has been forming lower lows and lower highs which indicates it's bearish momentum. I expect this pair to continue falling
GBPJPY SHORT IDEAHey guys, this pair has been on a strong bullish move.
On the H4 timeframe, we see a consolidation break in market structure to the dowside which gives me my bias for going short. My bias will be invalidated incase that H4 reistance gets broken.
NZDCHF LONG IDEAHey guys, on the h4 TF, this pair was trading in a channel. It broke out to the upper side then retested the upper trendline. I expect this pair to be continue wit the bullish momentum. My bias will be invalidated incase it breaks that trendline to the downside.
Happy trading.
USDJPY Possible ScenarioPossible inverse head and shoulders with retest of key level, 61.8 fib level and 4H trendline
