Crypto great opportunity aheadHello everyone,
This is a great video to better understand the current crypto situation we are in.
Let me know if you would like me to analyse any coin or token in my future videos.
Seb.
W-pattern
$GBPCHF$GBPCHF - A break to either direction!
We had a pull back finally in the market, AUDCHF came down and various other markets such as ES, GBP etc. Now I'm going through minor FX pairs this is a break either direction. We are within channel, added alerts in to either direction of break.
If we were to go above and carry on within channel expect 200 EMA target areas.
If we were to go below and beak down - 1.11600 / 1.11400 areas is a good target area.
Don't forget to trade your own plan!
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BTCUSDT is testing the KEY level!Bitcoin hit 20k as I told you in my previous analysis after a clear breakout and retest of Ascending channel.
Now the price is testing the key level, where this dump began, and where the market printed the previous HL on the daily timeframe.
On the Daily we can spot a clear W pattern, usually, the market wants to retest its neckline. In that case, the neckline is on 0.618 Fibonacci level on the daily timeframe,
About the 4h timeframe, we can see a false breakout above the local HH and on the 4h supply.
What's next?
If the price is going to lose the 4h support on 20k and retest it as new resistance, we could see a retracement until the 0.618 Fibonacci level.
Otherwise, If the market is going to close with a volume above 21600, we could see a new bullish scenario.
Bank Holiday in the USA (Martin Luther King Jr. Day)
$GBPAUD - Where to next?$GBPAUD - Where to next?
Beautiful pattern brewing in GBPAUD a break above would take towards 200 EMA as target areas. However a break below would go towards 1.7400-1.7300 areas
Don't forget to trade your own plan!
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$CAD - Patience $CAD - Interesting...
At this current moment of time we are in a range but - Pattern forming of Flag a break to downside of these ranges to confirm taking CAD towards 1.32/1.31 areas. Good R/R -However, if we break above the TL above 200 EMA would be your target.
Follow your own trade plan.
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$NZD - Interesting area!$NZD - Interesting area!
I always go towards higher time frames, as Higher TF = Shorter TF movement it's really is as simple as that.
As you can see, this is the weekly now we are within the ranges:
Lows: 0.62 /.61 Areas
Highs: 0.65 Areas
For now you execute the range trade playing between those high and lows until a break.
A break to either direction, would take you to either to trendline resistance and 200 EMA areas. A break below low of the ranges, you go towards great Fib area of support 0.60000 areas
Overall, the market is looking over extended even with DXY but picking bottoms isn't wise decision to ever make!
Key Tip: Follow your own trade plan.
Have a great week ahead,
Trade Journal
USDMXN - Another great set up!USDMXN - Another great set up!
Within the channel. A break below takes towards 18.65 areas & a break above matches 200 ema area 19. areas
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$AUD - Interesting... $AUD - Interesting...
AUDUSD in a wedge/bearish flag formation brewing a break to down side could take you towards 200EMA areas.
Have a great day ahead,
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crown pattern on usoilhello guys...
usoil or WTI makes a crown pattern. and the target of this pattern is as height as the main pattern so in this scenario usoil should reach the $66 area.
to the clear crown pattern:
kind of looks opposite of the head and shoulders pattern.
on the hand, the $66 have been important before
clearly, you can see this resistance level before and after the dump:
there are a lot of reasons for usoil to reach the $66 level and maybe the price will start an upward movement from this specific level.
but we should prepare for every situation so if the price engulfs the red level be ready for getting a long position.
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
IMO - double top patternWhat we can see on the chart is a double top pattern.
We expect that the price is going to move downwards, once it broke below the neckline you can enter short with a sell limit order.
Do not forget to put a stop loss above the double top to protect your capital.
$EURCAD - A break to either direction!$EURCAD - A break to either direction!
A break to either direction re-test and then execute!
Key Tip: Follow your own trade plan.
Trade Journal
XAUUSD INTRADAY ANALYSIS 16.01XAUUSD ANALYSIS PREFERENCE SHORT
Long Target 1930/1940
Pivot 1925
Short Target 1895/1885
WATCH LIST - VEDANTA LTD.vedanta
This resistance is getting weak. Keep it in watch.
It might take retracement after break out.
$ETH - Bulls are gaining control...$ETH - Bulls are gaining control...
Bullish momentum of crypto is back! ETH at key resistance zone as long as we stay above $1300 areas bulls are in control, we could head towards 50 EMA next target areas which is: $1800 areas. Overall long term target areas for break out $2000-$2500.
DXY heads lower, cryptos head higher to breaking out as well as precious metals stay elevated.
Going towards lower time frames to get the best prices.
Don't forget to trade your own trade plan.
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USDCAD - Interesting price action development USDCAD shifted bullish right after the break of the lower high at 1.33345. We have a retracement for a possible continuation of the bullish trend. We will be looking for entries on the 1H timeframe once we have a breakout of the bullish flag pattern
USDJPY - Bearish continuationHi traders, welcome to a new trading week, on USDJPY 1D timeframe, we are looking for a break of the correction phase to complete the bearish flag pattern
AMD double-top indicates a fall back to 50 by JanuaryAMD has been trading in a descending channel for the past year. A double-top has just formed near the upper resistance line. This would indicate that the price will go lower shortly. It's possible a triple-top could form before this happens. It's also possible that a cup and handle have formed and the price will break out from the channel. But based on the past pattern cadence and the angle of previous price drops, I expect AMD to hit 50 sometime near the end of December or the beginning of January. I'll be watching closely over the next couple of trading days to confirm.
BMRI - Awaiting for The Next Reversal PointA symmetrical triangle pattern appeared since Feb'20 to Jan'22, and create a foreseeable target price IDX:BMRI at 11,250. The price was hit 11,000 in Dec 6th, 2022, nearly hit 11,250 as a mirroring projection to the symmetrical triangle, and making a corrective wave so far.
I used Fibonacci Retracement to find its reversal point, and finally found it at 8,375 to 8,625 level, I would like to buy IDX:BMRI at these key level.
Wish me luck.
📉📈 ZigZag IndicatorZigZag's primary goal is to focus on significant swings and trends by removing insignificant and misleading price changes.
ZigZag connects the price's highest and lowest points using straight lines while ignoring minor swings.
ZigZag just aims to make sense of the market's previous movements; it makes no attempt to predict the price of an item.
It is only based on hindsight and is not predictive in any way. It is based on the past prices of securities and cannot forecast the next swing highs and swing lows.
🟢Advantages
It eliminates market noise and displays the most significant price fluctuations.
It operates in several timeframes.
When utilized in cooperation with other technical indicators, it gives positive results.
🔴Disadvantages
It will mark the latest high or low of the price with a time lag.
The last stretch of the indicator (the one that involves the current price) may be redrawn.
Not predictive in any way, has to be used in combination of other strategies to be effective.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work , Please like, comment and follow
CADCHF - Perhaps another leg higher?CADCHF - Perhaps another leg higher?
CADCHF Checking higher timeframes at key support of weekly, monthly and daily we've got range breaking out, further upside could take us towards 0.70500 areas. However, keep in mind if we go back within this range I'd be re-thinking core long on CADCHF
We had CPI came in as estimate, it wasn't a major move we headed to the direction we are heading in all markets, dxy heads lower etc. The trend is your friend, until it's broken.
Great traders I network with via twitter gave me amazing advice, a great trader and personally a mentor to me stated "Never met a legit millionaire who is out there bringing people down" . And it's true, every successful trader I've surrounded myself with are open to discuss market moves, psychology aspects and they aren't selling scams via a telegram, not become a social media guru to gain lot of followers. The right traders they helping trading communities grow in a correct manner.
Have a great weekend,
Trade Journal
$XAG - Which side?!$XAG - Which side?!
Market overall bearishness on DXY looks over done, we could get pull back on the metals break below these key areas taking silver to 22.5/21.5 areas could easily be achieved however break above 25.5 areas would be your target area..
Don't forget to trade your OWN plan!
Best
TJ
❌ False Breakout PatternsA breakout that failed to proceed past a level, leading to a "false" breakout of that level, is referred to as a "false breakout."
One of the most essential price action trading patterns to learn is the false double bottom and double top patterns,
as a false-break is frequently a very strong indicator that price may be changing direction or that a trend may soon resume.
False breakouts occur in all market scenarios, including trending, consolidating, and counter-trending.
Trading Tips To Respect:
✅False breakouts can happen in markets that are trending, range-bound, or going against the trend.
Watch for them in all market conditions since they frequently provide insightful hints about the direction the market will take.
✅Trading against a trend can be challenging, but one of the "best" approaches is to watch for a clear false breakout signal
from a significant support or resistance level, as in the last example above.
✅False breakouts provide us with a "window" into the "fight" between expert and amateur traders, allowing us to engage in trading alongside them.
Trading will appear to you in a different light if you can learn to recognize and trade false breakout patterns.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work , Please like, comment and follow ❤️
SPX - We are still within the range!SPX - We are still within the range!
SPX - For most indices we've had bullish momentum especially in Europe side cac, ftse, dax amazing moves but we are still struggling when it comes to US Indices. We've had great bullish momentum at the end of the week now let's not get too excited we are still within the ranges things to keep in mind this week going forward CPI, Q4 earnings, Unemployment claims coming out of US.
Key tip: Ignore the noise and focus on the chart in front of you. Everyone has opinions, they'll even comment on your career choice but most importantly only YOU can learn and earn by the execution of your own trades.
A break to either direction.
Trade Journal
