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Volume Indicator

THETAUSDT Descending Broadening Wedge| 200 MA| .618 Fibonacci|PAEvening Traders, Today’s analysis – THETAUSDT – trading in a descending broadening wedge, confirmation on a break of dynamic resistance, Points to consider, - Trend bullish (consecutive higher lows) - Support confluence o 200 MA o Local S/R o .618 Fibonacci - Dynamic Resistance - Oscillator Equilibrium - Declining Volume THETAUSDT’s immediate trend is bullish; the market structure is constructing consecutive higher highs and higher lows with ATH in target. This allows us to have a bullish bias on the market. The immediate support has multiple technical confluences, the .618 Fibonacci, 200MA and local S/R. Price has a greater probability of respecting this area upon first test as this is a true trade location, The Dynamic resistance is a key level to break as this will confirm a descending broadening wedge pattern. These are inherently bullish. The volume profile is currently below average thus an influx is likely. It is important to monitor for increasing volume as this typical indicated price expansion. Overall, in my opinion, THEATAUSDT is a valid long with defined risk, price action is to be used upon discretion/ managemrnt of trade. Hope this analysis helps. Thank you for following my work! And remember, “Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.”
Long
by AzizKhanZamani
4
BTCUSD Dynamic Resistance|Range High|.618 Fib|Declining VolumeEvening Traders, Today’s analysis – BTCUSD – price establishing a local range, currently putting in a probable bearish retest of dynamic resistance, Points to consider, - Range Deviation - Range low (support) - Range high (resistance) - Declining volume A range high deviation shows weakness in the immediate term, this allows us to have a bearish bias on the smaller time frames. The current demand zone is range low; price has been defended here as indicated by candle closes. The Dynamic support has now turned into resistance, in confluence with the .618 Fibonacci. A bearish retest confirmation here is very likely as this is a technical trade location. The current volume profile is clearly declining, this is typically a bearish sign usually followed by an influx that confirms a break. Overall, in my opinion, BTCUSD is a valid short with defined risk; this is a short term idea so price action is to be used up discretion. 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
BITSTAMP:BTCUSDShort
by AzizKhanZamani
3
NZDJPY Daily S/R| Dynamic Support|Liquidity|200MA|Price ActionEvening traders, Second analysis – NZDJPY – rejection from Daily S/R currently trading in a small equilibrium with the dynamic support being the immediate target, Points to consider, - Macro Trend Bearish - Daily S/R Resistance - Dynamic Support Confluence (200 MA) - Oscillators Divergence - Volume Declining The macro trend is bearish with consecutive lower highs, price is currently establishing a probable bearish retest. This allows us to have a bearish bias on the market. The Dynamic support is the immediate target as this area has technical confluence with the 200 MA & EMA. Price is likely to test for liquidity in this region before a probable impulse up. Both oscillators are diverging, technical bearish divergence; this shows weakness in the market as price fails to break daily S/R. Overall, in my opinion, NZDJPY is a valid short with defined risk. Price action is to be used upon management/ discretion. Hope this analysis helps! Thank you for following my work! And remember, “The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” ― Yvan Byeajee
Short
by AzizKhanZamani
2
EURNZD Daily S/R Bullish Divergence|.50 Fibonacci|Price ActionEvening Traders, Second analysis – EURNZD- holding Daily S/R with bullish price action, local S/R retest probable, Point to consider, - Impulse sell - Daily S/R (support) - Oscillators diverging (Resistance) - Volume influx EURNZD has had an impulse sell into key Daily S/R that is currently holding support. Being a HTF support, a bounce here is probable. Local S/R is the immediate resistance that has confluence with .50 Fibonacci. Price respecting this area will be a bearish retest. Both oscillators are diverging, which initiates a valid double bullish divergence. This indicates strength in the market as momentum shifts. A volume influx is probable at this HTF support, this will be indicative of price expansion deviating from Daily S/R. Overall, in my opinion, EURNZD is a valid long with defined risk. Price action is to be used upon discretion/ management of trade. 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,
Long
by AzizKhanZamani
2
DXY Update|Descending Broadening Wedge|Swing High|Daily S/R| PAEvening Traders, Second update – DXY – likely to rise if the immediate swing high gets taken out. Points to consider, - Descending broadening wedge (break) - 21 DMA local support - Daily S/R confluence (.618 Fibonacci) - Swing high immediate target The DXY has broken out of its clear descending broadening wedge. Price action has confirmed support on the 21 DMA, this allows us to have a bullish bias on the market. The Daily S/R region is likely to be tested if the immediate swing high gets taken out. Price Action is currently bullish so it’s important to take it into consideration when trading other markets. Hope this analysis helps! Thank you for following my work! And remember, “Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.”
TVC:DXYLong
by AzizKhanZamani
BTCUSD Trend Analysis|Elliot Wave|ABC Correction|Weekly S/R|PAEvening Traders, Today’s analysis – BTCUSD – trading in a probable ABC correction, with a lower high yet to be confirmed, further data will confirm trend direction. Points to consider, - Weekly S/R (key support) - Bearish PA - .50 Fibonacci (bearish retest) - Bear trend confirmation (weekly S/R) BTCUSD’s trend will be dictated on the weekly S/R, currently holding but a break will confirm a lower low. Current price action is considered bearish, testing the .50 Fibonacci where a rejection will confirm a bearish test and establish a lower high. The Elliot wave theory suggests BTC is in a corrective phase. The validity holds true if characteristics of an Elliot wave are present in price action. For example, wave 4 characteristics is complex price action, this was reflected in BTC’s recent wave 4. Overall, in my opinion, further price action will determine BTC’s trend. Confirmation of a bear trend will be on a break of weekly S/R. Hope this analysis helps! Thank you for following my work! And remember, “Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.” ― Yvan Byeajee
BITMEX:XBTUSD.PShort
by AzizKhanZamani
4
GBPAUD Weekly S/R| Oversold Bounce| Oscillators Extended| PARepost** Evening Traders, Second Analysis – GBPAUD – Strong impulse sells likely to lead to an oversold bounce play, following technical points to consider, - Trend aggressive sells - Weekly S/R HTF Support - .618 Fibonacci (lower high) - RSI oversold - Stochastics flat - No volume climax GBPAUD is respecting its weekly S/R in the immediate term. This is a high time frame support that the market has respected historically, thus a bounce here is probable. The .618 Fibonacci is a probable lower high projection as the immediate trend is bearish . The RSI and Stochastics are both approaching oversold conditions, this is indicative of an oversold bounce coming to fruition. On the volume profile there is however no volume climax node signalling a temporary bottom. Cautious approach is to be taken when trading the oversold bounce. Hope this analysis helps! Thank you for following my work! And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Long
by AzizKhanZamani
4
AUDCAD Weekly S/R| Volume Climax| Bearish Divergence| Local S/RRepost** Evening Traders, Second analysis update – AUDCAD- Price testing weekly S/R after an oversold bounce play, correction at this point is likely as this is a technical trade location. Points to consider, - Oversold bounce play - Weekly S/R Pivot (Resistance) - Local S/R Flip Retest - Technical Bearish Divergence - Evident Volume Climax AUDUSD had an oversold bounce play from swing low, currently respecting Weekly S/R which allows us to have a bearish bias. The immediate local S/R has been flipped; price retesting and holding this level will confirm an S/R Flip retest. Price action has a technical bearish divergence; this indicates immediate weakness in the market however validation will be upon an impulse down. The volume profile has an evident volume climax, this usually marks temporary tops in a trend. This further adds to the probability of an immediate correction. Overall, in my opinion, AUDCAD is a valid short with defined risk above weekly S/R. Price action is to be used upon discretion/management of trade. 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
Short
by AzizKhanZamani
2
NZDUSD Daily S/R| Technical Divergence| 200 DMA| Bearish PA Evening Traders, Secondary analysis – NZDUSD – respecting daily S/R with a range deviation, price is likely to test lower levels. Points to consider, - Bearish price action - Daily S/R resistance - 200 DMA support - RSI bearish divergence NZDUSD is likely to respect range high due to its recent bearish price action. Breaking impulsively back into range indicates weakness in the market. The Daily S/R is considered a bearish retest level, rallies or to be shorted until proven otherwise. The 200 DMA is in confluence with the lower daily S/R, price is likely to come for a test of this level, (range low). RSI has a valid bearish divergence, this shows further weakness in the market as price continues to rise in a bearish manner. Hope this analysis helps! Thank you for following my work! And remember, “You’re going to learn a million things, then you need to forget them all and focus on one.” – SunriseTrader
Short
by AzizKhanZamani
2
NZDJPY| Range High| Bearish PA| 200 DMAEvening Traders, Analysis on - NZDJPY –any rallies are to be sold into on the daily, technical points to consider. - Range high deviation - Valid bearish retest - Bearish PA - 200 DMA Support Price breaking impulsively from range high is quite bearish; a weak bounce will signify follow through to the downside. Price action is likely to put in a bearish retest, allowing short sellers to step in. The short will only be negated if price takes out recent high. The immediate target is range low; this area is of confluence with the 200 DMA. Hope this analysis helps! Thank you for following my work! And remember, “All statistics have outliers. Money management, therefore, is key to the process of good trading.” ― Yvan Byeajee
Short
by AzizKhanZamani
CADJPY Rising Wedge| Daily S/R| 200DMA| Bearish Divergence Evening Traders, Second analysis for today, I will try to produce two pieces of content daily, CADJPY – trading under Daily S/R in a bearish formation, a bearish retest is probable here. Points to consider, - Rising wedge (bearish pattern) - Daily S/R (Resistance) - 200 DMA (Confluence) - Bearish Divergence (RSI & Stochastics) CADJPY is trading in a rising wedge under technical resistance, this gives us a bearish bias on the market. The Daily S/R is likely to be respected, as this is a bearish retest of the level. The 200DMA is in confluence with the lower Daily S/R. Price is likely to come down for a retest of the structure. There is a valid double bearish divergence on the oscillators. Indication of weakness is in the market, increasing probability of a bearish retest. Overall, in my opinion, CADJPY is a valid short with risk defined above Daily S/R. Price action is to be used upon discretion/management of trade. Hope this analysis help! Thank you for following my work! And remember, “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
Short
by AzizKhanZamani
2
GBPJPY Bearish Retest| 200DMA| .50 Fibonacci| Support ConfluenceEvening Traders, Today’s analysis – GBPJPY – putting in a bearish retest, price is to test support, the next technical trade location. Points to consider, - Trend bearish retest (Daily S/R) - Support confluence (.50 Fibonacci & 200DMA) - Oscillators diverging - Volume below average GBPJPY has had an initial rejection from its Daily S/R, putting in a bearish retest. This allows us to have a bearish directional bias. The local support area has technical confluence (.50 Fibonacci & 200 DMA); price is likely to respect this area leading into a bounce. Both oscillators are diverging from price (double bearish divergence), this indicates weakness in the market as price struggles to close above Daily S/R. Volume is currently trading below average; an influx is likely to occur at support confluence as this is the next trade location. Overall, in my opinion, any rallies are to be sold into for a short play. Price action is to be used upon management/ discretion of trade. Hope this analysis helps! Thank you for following my work! And remember, “Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee
Short
by AzizKhanZamani
BTCUSD Update| Impulse Sell| Local Range| No Man’s Land Evening Traders, Today’s analysis – BTCUSD (Update) - price is now ranging from an impulse sell, further consolidation is likely. Points to consider, - Valid volume influx - Oscillators overextended - Price consolidation - Local S/R levels BTCUSD has printed a probable capitulation candle with a volume influx, marking a temporary bottom. Price is now trying to find its equilibrium, hence will trade in a probable range in the coming days. The oscillators are overextended, however not at full extremes, further downside is probable. The key levels to watch are the local S/R, breaking either will help with the directional bias. Overall, in my opinion, BTCUSD is in no man’s land, scalp trades are only valid with this range, swing trade are to be initiated at key levels. I hope yesterday’s analysis helped! 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
BITMEX:XBTUSD.P
by AzizKhanZamani
6
BTCUSD Key Levels|Weekly S/R|Liquidity Zone|Bearish Price ActionEvening Traders, Today’s analysis – BTCUSD- strong impulse sell from $12 K psychological, current weekly S/R is at the pivot point for the macro trend. Points to consider, - Bearish PA - Liquidity buy back - Valid volume climax - Bearish retest ($11.5K) BTCUSD continues to trade with bearish price action, no bull volume follow through evident, this allows us to maintain a bearish bias. The liquidity zone is currently holding true, breaking below this level will be extremely bearish, and price will then likely test lower S/R. There is a valid volume climax which entails a temporary bottom; price needs to hold above this low for a bounce. Overall, in my opinion, the most important level for BTCUSD is the $11.5K region, what price action does here will be indicative of the overall trend. A short trade here is valid, immediate nullification will be candle closes above. Hope this helps! Thank you for following my work! And remember, “All statistics have outliers. Money management, therefore, is key to the process of good trading.” ― Yvan Byeajee
BYBIT:BTCUSD.P
by AzizKhanZamani
4
FIOBTC Double Bottom| Liquidity Run| Dynamic Resistance| PAEvening Traders, Today’s analysis, FIOBTC trading towards a probable double bottom structure, confirmation will be on the break of dynamic resistance. Points to consider, - PA approaching trade location - Equal lows (liquidity run) - Key dynamic resistance - Oscillators over-extended - Swing high target FIOBTC’s price action is approaching a key trade location where a pivot bullish is probable. This will establish a double bottom in the market structure. The equal lows increases the probability of a liquidity run, price action closing above with a wick will be indicative. Breaking the dynamic resistance will confirm trend reversal with the immediate target swing high. Oscillators both are overextended reaching oversold conditions; this indicates an oversold bounce being probable as price reaches liquidity. Overall, in my opinion, FIOBTC breaking dynamic resistance will allow for a valid long into swing high. Price action is to be used upon discretion/ management of trade. What are your thoughts? Thank you for following my work! And remember, “If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.” – Mark Douglas
Long
by AzizKhanZamani
1
NZDJPY Dynamic Resistance| Local S/R| 200 DMA| Macro Bear Trend Evening Traders, Today’s analysis – NZDJPY- in a macro bear trend where rallies are to be sold into until proven otherwise, current set up allows for a short. Points to consider, - Consecutive LH’s & LL’s - Local S/R Flip bearish - Weekly S/R target - Oscillators below 50 - Volume below average NZDJPY has a bearish bias as the trend continues to establish lower highs. The local S/R has been flipped; a bearish retest will solidify the level. Essentially this retest will allow for a short entry. The weekly S/R is this immediate target, holding this area is crucial if the market structure is to be changed. Both oscillators are currently below 50, this is an indication of weakness. Price Action can travel further down before hitting oversold conditions. The volume is below average, an influx will be indicative of price movement from key trade locations. Overall, in my opinion, a local S/R Flip retest will allow for a valid short with risk defined. Price Action is to be used upon discretion/ management of trade. What are your thoughts? Thank you for following my work! And remember, “Trade the market in front of you, not the one you want!” – Scott Redler
Short
by AzizKhanZamani
4
VET Dynamic Resistance|.618 Fib| Swing high|Structural supportEvening Traders, Today’s analysis – VETUSDT- breaching dynamic resistance with an impulse move, swing high being the immediate target. Points to consider, - Local downtrend broken - Retest confluence (.618 Fibonacci) - Key dynamic resistance breached (swing high target) - Stochastics flat - Volume below average VETUSDT’s down trend has been breached by taking out its dynamic resistance. This gives us a bullish bias on the immediate trend. A structural support retest is probable; price is likely to respect this level due to high demand, currently holding the .618 Fibonacci. The RSI is declining, remaining above 50 will allow for a bullish bias on the market. The stochastics is currently flat; this is an indication of momentum being stored to the upside. Price action must remain bullish for upside target (swing high). The volume profile is currently below average, an influx will coincide with an impulsive move. Volume needs to be backed up by price action for follow through. Overall, in my opinion, VETUSDT reaming above structural support will allow for a valid long with defined risk. Price action is to be used upon discretion / management of the trade. What are your thoughts? Thank you for following my work! And remember, “Trading effectively is about assessing probabilities, not certainties.” ― Yvan Byeajee
Long
by AzizKhanZamani
2
QTUMBTC Daily S/R| Trend Trade|.50 Fibonacci |Range Mid point Evening Traders, Today’s Analysis – QTUMUSDT- breaking daily S/R after running liquidity, a long trade is valid for continuation. Points to consider, - Trend bullish (consecutive higher lows) - Daily S/R Flip retest (.50 Fibonacci) - Range Mid (Local Resistance) - Oscillators above 50 - Volume below average QTUMUSDT’s immediate trend is bullish with consecutive higher highs and higher lows, this gives us a bullish bias on the market. The current daily S/R is likely to be back tested for an S/R Flip retest. Holding the .50 Fibonacci will maintain the bullish structure. Range midpoint is local resistance that has been respected, price is likely to consolidate below this level before continuation. Both oscillators are above 50, this signals strength in the market, breaking bellow will be bearish. The current volume profile is below average, an influx is likely upon a back test, this will signify momentum picking up in the trend. Overall, in my opinion, a back test and hold of the .50 Fibonacci will allow for a valid long. Risk must be defined and price action to be used for discretion and management of the trade. What are your thoughts? Thank you for following my work ! And remember, “Trading mastery is a state of complete acceptance of probability, not a state of fight it.” ― Yvan Byeajee
Long
by AzizKhanZamani
GBPCAD Structural S/R|200 MA Support|.50 Fib|Weekly Resistance Evening Traders, Today’s Analysis –GBPCAD- holding structural level where a move into weekly resistance is plausible. Points to consider, - Price range trading - Structural support confluence (.50 Fibonacci & 200 MA) - Weekly Resistance target - Oscillators neutral - Bullish price action GBPCAD’s immediate trend is range bound respecting key levels. Structural support is the immediate trade location with technical confluence. The .50 Fibonacci and the 200 MA is likely to be respected upon a back test. This will solidify an S/R Flip retest. The immediate target is weekly resistance, breaking this level will mean breaking the range – trend continuation. Oscillators are both trading neutral after declining from overbought conditions. Remaining above 50 midpoint allows for a short term bullish bias on the market. Overall, in my opinion, respecting structural support is bullish allowing for a long entry. Risk needs to be defined with immediate target weekly resistance. Price action is to be used upon discretion/ management of the trade. What are your thoughts? Thank you for following my work! And remember, “You’re going to learn a million things, then you need to forget them all and focus on one.” – @SunriseTrader
Long
by AzizKhanZamani
3