USDJPY (H4) Sell Now at 150.220, TP at 149.400OANDA:USDJPY USDJPY (H4) Sell Now at 150.220, TP at 149.400
Sell Now at 150.220
SL at 150.475
TP1 at 149.910
TP2 at 149.400
The USDJPY market on the H4 timeframe exhibits the following characteristics:
The ongoing contraction phase suggests a period of hesitation and gradual consolidation before significant fluctuations occur.
The peaks depict a pattern of lower-high prices, indicating a potential weakening of buying power.
Simultaneously, the lower end establishes a loosely defined price support region, with cand
lesticks extending below the support area.
Consequently, there is a likelihood that this pair might decline towards the price support zone at 148.6-148.8. However, given the absence of a clear directional break in the price pattern, there remains a possibility that the exchange rate could continue to rise towards the resistance area of 150-152.
It is advised to monitor the market closely. Despite the absence of significant news today with a strong impact on these currencies, unforeseen market movements can still pose risks to your account. Please adhere to trading principles and implement capital management strategies diligently.
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USDJPY (H4) Will fall to 148 or increase to 152 ?OANDA:USDJPY USDJPY (H4) Will fall to 148 or increase to 152 ?
The USDJPY market on the H4 timeframe exhibits the following characteristics:
The ongoing contraction phase suggests a period of hesitation and gradual consolidation before significant fluctuations occur.
The peaks depict a pattern of lower-high prices, indicating a potential weakening of buying power.
Simultaneously, the lower end establishes a loosely defined price support region, with cand
lesticks extending below the support area.
Consequently, there is a likelihood that this pair might decline towards the price support zone at 148.6-148.8. However, given the absence of a clear directional break in the price pattern, there remains a possibility that the exchange rate could continue to rise towards the resistance area of 150-152.
It is advised to monitor the market closely. Despite the absence of significant news today with a strong impact on these currencies, unforeseen market movements can still pose risks to your account. Please adhere to trading principles and implement capital management strategies diligently.
ETDUSD (W) is poised to approach the $30K in the near futureBINANCE:ETHUSD ETDUSD (W) is poised to approach the $30K in the near future
ETDUSD (W) is poised to approach the $30K price threshold in the near future. The distinct bullish response within Fibonacci extension zone 1 ( GETTEX:29K -$32K) is evident. However, the sudden surge in price has activated a cautionary signal from the RSI indicator, suggesting a potential correction.
RSI divergence has materialized, prompting a corrective response in the recent period. The recent uptrend lacks substantial volume, particularly observed within a candle featuring a prominent upper wick.
Therefore, for holders of this digital currency, a prudent strategy involves establishing a secure stop-loss level to preserve existing profits and setting a take-profit target within the GETTEX:29K -$30K price range.
For those observing from the sidelines, exercise caution, refrain from succumbing to FOMO during this period, and await signals from the impending correction.
BNBUSD (W) Will wave 5 happen ?BINANCE:BNBUSD
BNBUSD (W) Will wave 5 happen ?
BNBUSD (W) represents a digital currency generated by the BINACE exchange, fostering liquidity through transaction fees levied on retail investors. The question arises as to whether BNB can induce a surge in price amid a potential upswing in the near future, culminating in wave 5 prior to the next correction. Adhere to the strategy and remain vigilant for a favorable entry point should the market unfold as anticipated
ETHUSD (D) may experience a decline to the $26K-$26.5KCOINBASE:ETHUSD ETHUSD may experience a decline to the $26K-$26.5K
ETHUSD (D) may experience a decline to the price range of $26K-$26.5K. This assessment is grounded in the following observations:
RSI divergence at both the peak and trough of the recent uptrend indicates a weakening bullish pressure relative to selling pressure.
The non-breaking of the MA50 support on the initial attempt is a typical response but also suggests a reevaluation of the prevailing trend.
The abrupt and notable decline, swiftly moving from the $26K price range to $22.4K, raises substantial concerns compared to the preceding ascent.
Despite a robust price increase, recent volume has not demonstrated remarkable strength, highlighting the presence of numerous unsustainable FOMO factors.
RSI resides in the overbought zone, signaling the potential for a price correction at this stage (yet to be confirmed as a trend reversal).
The nearest price support zone lies within the range of $26K-$26.5K, presenting an opportune level for this corrective phase.
GBPUSD (D) is likely to resume its downtrendOANDA:GBPUSD GBPUSD (D) is likely to resume its downtrend after a bullish attempt to the 0.681 Fibonacci retracement zone.
Sell limmit at: 1.26787
SL at: 1.27851
TP1 at: 1.25247
TP2 at: 1.23688
Note: capital management 2%.
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BTCUSD (D) Which option do you prefer?BINANCE:BTCUSD BTCUSD (D) Which option do you prefer?
Presently, Bitcoin (BTC) exhibits two potential price trajectories:
A continued descent towards the support zone around 38.xxx.
The formation of an inverted head and shoulders pattern in the price.
Which option do you prefer?
CVNA:NYSE will reach $130-$135 in 2024NYSE:CVNA CVNA:NYSE will reach $130-$135 in 2024.
Given the market signals outlined below for CARVANA CO. (CVNA:NYSE) on the weekly chart (W1):
1. RSI convergence
2. Gradual narrowing of the price channel
3. Substantial volume observed in bottom fishing
4. Decreased volume during recent corrections
The CVNA stock exhibits indications that suggest a potential attainment of the price range between 130-135 by the year 2024.
USDJPY (H4) Potential buying opportunities may emerge.USDJPY (H4) Potential buying opportunities may emerge.
Indicators that have manifested:
1. The current price range exhibits a narrow band in comparison to the preceding price surge, amounting to less than one-third of the prior increase.
2. The aforementioned resistance levels appear relatively feeble, given the brevity of the resistance duration.
The command can be executed as outlined below:
Buy Stop at 148.95
Stop Loss (SL) at 148.223
Take Profit 1 (TP1) at 150.657
Take Profit 2 (TP2) at 152.413
Note: Capital management 2%
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EURUSD (H1) Potential buying opportunities may emerge.OANDA:EURUSD EURUSD (H1) Potential buying opportunities may emerge.
Indicators that have manifested:
1. Convergence of the RSI is evident within the lower region, approximately at 1.072
2. The current price range exhibits a narrow band in comparison to the preceding price surge, amounting to less than one-third of the prior increase.
3. The aforementioned resistance levels appear relatively feeble, given the brevity of the resistance duration.
The command can be executed as outlined below:
Buy Stop at 1.07476
Stop Loss (SL) at 1.07384
Take Profit 1 (TP1) at 1.07593
Take Profit 2 (TP2) at 1.07732
Note: Capital management 2%
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BCHUSD is potentially poised for a substantial price upswingBINANCE:BCHUSD BCHUSD (W)
BHCUSD may have a strong price increase coming up. Waiting for confirmation of price and volume explosion!
Following the preceding abrupt surge in price accompanied by elevated volume, BCH has undergone a correction spanning over 30 weeks, characterized by diminishing volume and price consolidation. The signal from the MA20 line consistently aligns with the evolving price dynamics.
Is it plausible to anticipate the occurrence of High Volume, accompanied by a substantial surge in price amplitude within this digital currency?
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USDJPY (H4) There are signs of weakening momentumOANDA:USDJPY
Observing USDJPY (H4), discernible indicators suggest a waning momentum within a descending price channel. This presents an opportune entry point with anticipated gains outweighing potential risks.
Selling at current price: 147.775
Stop loss at: 148.901
Take profit at: 145.600
Note: Risk management 2%
DJI will be able to create RSI divergence in the near future?TVC:DJI
DJI will be able to create RSI divergence in the near future?
DJI will have an adjustment in the near future, but no one knows how much, where and at what price.
But in a certain expectation, I think that the case of the price increasing a little more (maybe to near 40K) and then creating an RSI divergence is a fairly typical case for this bullish pattern.
USDCHF (H4) Reacts negatively to the 0.618 Fibonacci zoneOANDA:USDCHF USDCHF (H4) Reacts negatively to the 0.618 Fibonacci zone of the previous down wave. With a bearish red candle, we can execute the order:
Sell now at 0.86692
SL at 0.86866
TP1 at 0.86541
TP2 at 0.86364
TP3 at 0.86120
Note: capital management 2%
USDJPY (H1)A bearish candlestick pattern may appearUSDJPY (H1)A bearish candlestick pattern may appear at the current price area
Sell stop at 145.706 (When the candlestick pattern forms)
Stop loss at 146.006
Take Profit 1 at 145.397 (Fibonacci 0.5)
Take Profit 2 at 144.894 (front of Fibonacci 0.236)
Note on capital management 2%