CADCHF HIGH VOLUME LEVEL BREAKPair: CADCHF
Timeframe: 4H, 2H
Analysis: Round number level, trend line, volume profile, support, descending triangle
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Key Takeaway: Need to see alot of bearish momentum and a push through high volume level
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Level needed: Need to see price close by 0.74235
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Trade: Short
RISK:REWARD 1:4
SL: 17
TP: 73
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Volumeanalysis
EURUSD - The downtrend is over! New bull market + Elliott Wave
EURUSD successfully maintained the 1.0 USD level.This is a significant psychological level!
As per my Elliott Wave analysis, this huge downtrend should be over, and now I expect a corrective move to the upside.
An impulse Elliott Wave has been successfully completed. Let's see how big this correction is going to be.
On the daily chart, we can spot a beautiful descending parallel channel, and I think the bulls can step in to destroy this pattern!
As you can see on the chart, we had 2 fakeouts during this downtrend and this indicated a corrective move. Usually, the third breakout is real!
The profit target is at 0.618 FIB + the start of wave 4.
Look at my ideas about Gold, Bitcoin and Ethereum in the related section down below.
For more ideas, please hit "Like" and "Follow"!
Rejected! Next Stop Point Of Control!When taking a look at the S&P500 on the Daily TF, we can see that there was a clear rejection from the Volume area high (Blueish line above). The next stop will be the point of control (Red line). Most of the market does follow this chart so before you short, double-check their chart.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
Volumetric SPY, a bounce or...?Hello everyone, after a bit of relaxation I'll be back to update you here and on the various platforms.
2022, as we know and have now metabolized, will be remembered as a rather black year, how black the second half of the year will tell, which could take back one of the worst declines in the history of the S&P, or sink the blow further.
Let's first analyze the SPY chart, where we can see, as always, that the volumes have supported the market rebounds , even in this slightly interlocutory summer phase.
After the first low volume node in area 410 was punctured, the market then rebounded in area 390, returning to retest the level. Subsequently it has punctured until it reaches area 365, another low volume node and now we are again in area 390. Classic downward trend.
In the last few days, however, we have had quite decisive uptrend days, it must be seen, being the third week of the month, where the monthly options expire, if they are movements aimed at directing the price in certain areas, pushed by institutional money, or it is the first reversal signal.
One thing is certain, either way, we will have a retracement, probably in the next week or the following. If it stops above the volume node in area 365, and then starts again, it will be an excellent signal.
The coming week will also be correlated with potentially very impactful news, which could raise volatility, so watch out for days 26, 27 and 28 where we will have the consumer confidence report, the FED meeting and the GDP data for the second quarter, in this order.
As for my operations, I have only accumulated my portfolio of ETFs and I have mediated on a few single shares (Apple and Airbnb). It is absolutely not the time to sell, this will come, and if we have "sown" wisely, we will have a good harvest.
While not doing speculative forex, trading 80% in USD, I always keep an eye on the EUR / USD. My "target" was the 1/1 , achieved, which made me earn a good percentage of the capital.
In times of downturns, at least the dollar brings some comfort.
I would like to point out the Gold, which arrived in a very important area, historically of rebound and volumetric accumulation. I have recently added on the related ETC which replicates the performance of the futures.
That's all for today,
Happy Trading
Lazy Bull
DISCLAIMER: I am not a financial advisor. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Bitcoin: Enough bad news has already happenedI have been listening and reading a lot of analysis and many bears are looking for more bad news. They expect more contagion from Three Arrows Capital, or from Celsius bankruptcy proceedings, another project to go bust like Luna, and quite frankly I think it doesn't matter.
Trading and investing is a practical application of psychology, both individual and mass. Part of this psychology is studying how information (price and price action) goes through the human network and how the sentiment of regarding price and price action changes. There is a world of difference in sentiment that occurred when bitcoins price action went from $200 to over $19,000 than when price action hit $19,000 again, this time by falling from $69,000
News can have a varied affect price depending on market phase. Bad news has a disproportionate effect on price in bear markets and good news has a dipropionate effect in bull markets. That is how sentiment and price work together. One way you can get a feel for markets pivoting subtly is when bad news no longer drives the bear market lower and good news no longer pumps the price. Why? It is how sentiment goes through a market and most of the people with money have already used it up.
In the bear case all the hot money is gone, the leverage has been squeezed out most of the weak hands have also left. What we have left are people with a longer time horizon that want to buy short term bad news due to a believer in long term gains. The liquidations show the weak hands and hot money getting crushed for being too optimistic.
Below is a version of a chart I have shared several times before. Price is deep below the weekly ichimoku cloud where most people are bearish. The On Balance Volume is way below the 100 SMA. These are areas where accumulation occur. SO far after every time bitcoin based with the OBV below the 100 the SMA we have formed a continuation pattern to the upside. Mostly a W.
When the volume has been driven down so low it has less ability to go lower. Most of the sellers that would have driven it lower have left. If you want more confirmation or momentum then you could wait to put your position on when the OBV gets back above the 100 SMA. I however, am building my position in alts that I think will have the most upside for a mutli year bull market like we had after 2015.
EURUSD a Long trade is available! Right now price is perfectly over of it's Median of recent 120 hour which is a sign of a bullish trend. Also Higher Highs and Higher Lows are formed.
A momentum is also visible.
8th of July was a scene of a really high volume reversing candles which they final were broken in Monday of the next week!
At 13th of July Bulls attempt to break the level was unsuccessful.
Today at 6 A.M and 7 A.M of UTC, Buyers broke the level successfully! coming back to the price in recent days might be a chance for entering a trade!
SL here is just a suggestion regarding the market volatility! I prefer to enter after a confirmation on lower time frames such as 5m chart but it's totally personal!
I'll change the value of the SL regarding the entry point but not the amount of SL.
TP is slightly below the VP.
Both SL and TP may change forward but I'll not change the SL after the trade activated.
I look forward to your comments.
First time CE PE VWAP line in Future ChartVery first time CE & PE VWAP line bring into future chart in indices( Banknifty & Nifty ) option trading. Many times options players missing some important piece of information who is in control and where is peak level Bull & Bear standing in dynamic structure. The decay also accordingly melt premium vice versa in CE/PE. In option trading, this indicator resolve overall volatility , equilibrium level, peak level of bull & bear & Breakout level in ONE CHART easy to take quick decision.
If you plot see this indicator in future corresponding Call & put option (ATM strike) the red & blue line breakout candle same of your CE/PE VWAP line or one side VWAP of either CE or PE. When price touched any of these line the future price make explosive move.
Its NON LAGGING & NON REPAINT INDICATOR
You may check your option chart VWAP line the corresponding candle blue line and red crossing.
FLUX project , a potential blockchain for futureHi all.
we have a long term analysis on FLUX in 1W chart.
as you see on my chart after compelete a full cycle of 1-2-3-4-5 and ABC waves
we have a potential to start a new impulsive wave.
of course this correction may be extend and lasts more.
i draw cycle lines (Blue vertical lines) and we see ABC correction lasts 2 cycles and now is in the end of cycle.
this means correction last 2 time more than impulsive wave and have a potential to reverse.
for the end of ABC correction we have a lot of reason and levels like:
1-we are in the range of recent impulsive wave 4
2-we see a strong support level there(i show it with a purple rectangle)
3-recent impulsive wave fibonachi retracement 50% level
4-wave A projection 200% fibo level
5-POC(point of control) is here.
so i think this altcoin have a lot of technical potential for amazing growth.
if we see this blockchain website,we found it good protocol with amazing roadmap.
runonflux.io
what we need is a liitle good news for inflation this week...
have good investing and dont forget to manage your risks.
!!!NOTE!!!
MY POSTS ARE NOT TRADING AND INVESTING ADVISE
SO TRADE ON YOUR OWN STRATEGY AND CONSIDER MARKET RISKS.
Matic 1D chart possible incoming Resistance levelsHello frieand.
like you see in my shared chart , matic is in a disjoint channel and runnung sideways.
nowadays we are in the mid-line of this channel and we see a strong bullish Hammer in this position.
also we see very good volume and its possible they are buyers!
if we go upward the first important resistance level is 0.5500
and if we cross this level we will reach about 0.6700.
please share your opinion and improve my skills friend.
we together can rise up.
help each other to grow.
teach me something new.
i will be happy.
thank you all my dear friends.
!!!NOTE!!!
MY POSTS ARE NOT TRADING AND INVESTING ADVISE
SO TRADE ON YOUR OWN STRATEGY AND CONSIDER MARKET RISKS.
Finding Recession BottomsWith so many calling market bottoms already, I want to show you how we are not there yet, with this simple 3 Month (1 Quarter) chart. We can see, via SPX & VIX, for the bottom in last 2 recessions (2020 & 2008), that quarter had:
VIX over 40 (not equal to, since Oct 08 quarter was exactly 40 & not yet bottom)
capitulation from significant SPX selling Volume (2020 had 182 billion, we need to see at least close to that)
So just those 2 things, if you can wait for each Quarter candle to complete, will show when we have recession bottom. In this recession, the VIX has barely woken up in the high 20s, & Volume selling pressure has been lukewarm, due to many investors still holding on to their previously high growth stocks, or buying more thinking those favorite stocks are now on sale & will rise again to their previous speculative highs.
We still have more pain to go. The longer we hold on & deny this recession affects us significantly, the longer & more brutal this bear market will be.
Invest wisely. Trade swiftly.
SWING for COST (costco) - LONGHello traders,
How are you?
It's Monday so we have to review our swing portfolio.
One of the trade for today is COST, long.
As always the long volume is now greater than short volume so we have a long trade.
Remember this is a weekly chart timeframe so this is a very slow trade.
Have a good week everyone
Weekly Chart - Short for Oil (CL)Hello all,
The volume gave us a short trade in oil this week. The situation is clear, the short volume is now greater than long volume. Aditionally, the prices is making a double top.
We are going to be in the short meantime the short volume is still greater than long volume.
With the retracement fibo we can check the potential supports, specially the fibo 61.8%.
Have a good day
ONMOBILE - Short term opportunity with 50% ROI All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
AAPL - 382 Gartley Coming in Monday!!NASDAQ:AAPL has had a 3 week rally into the 382 from the March high.
This rally has been weak with lower volume again on this last 6 day rally.
This is where time and price line up perfect.
If it gets above 152 then there could be a bigger move to the upside coming.
Being the biggest stock in the US Stock market then it has a bit of pull where things will go to next.
Interesting Monday ahead. Enjoy the week. 👍👍
Bouncing on POCAVGO has returned to its post-March 2020 point of control.
Stepping down a time frame to the daily chart, we can see a cluster of Dojis. Combined with volume falling under the 50day average, MACD crossing its signal, and Stoch recovering from oversold shows hesitation in the selloff.
An aggressive trade would be to enter now, while a more conservative entry would be above the support or resistance zone just north of the 21EMA.