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GBPUSD BUYHello Dear Traders. Below you may find my setup for possible GU long continuation. 1)GBPUSD recently touched and bounced from the monthly support of 1984 of approx. 1.035 2)BoE will rebound for the taxes issue, so this will impact on positive GBP buying interest. 3)At the 4H chart it seems that it respects the wave analysis and with green colour you can see possible break-retest path or wait for the primary elliot move to be actualised. 4)Fib level was respected this day. 5)USD is moving in a tremendous bullish trend and according to overall COT report of high difference between buyers & selleres we might approaching a short-term peak for dollar which will change the buying interest to other currencies like GBP. 6)The formation is keeping as HL-HH struvture and the Daily Trend line is broken-possible trend change. 7)With green arrows I have depicted the possible buying areas according to my point of view. Thank you and follow up with comments. Good luck!!!
Long
by The_Forex_Path
Elliot Analysis on Bitcoin with Tutorial LessonsHi Traders, Hope you Doing Well. Here we have an analytical and educational article on the future of Bitcoin and also the CryptoCurrencies Trend. At first, let's have a closer look at BTCUSD Analysis to find what the plan in Greater View. in general, we are in a 5-wave downward trend, which is forming internal micro-waves from the fifth wave right now (on 2-5 is going to be complete to start the next aggressive wave of 3-5) READ THIS PART TWICE: HOW TO FIND THE TREND? ** To identify the main direction of the trends, you can easily confirm the movement scenario by observing the candles and their strength in both directions, because falling trends are formed with large candles and with strong bodies, and they cause a large fall in a limited number of candles as shown in the chart with a red circle and in contrast to the current corrective or bullish trends with the number of high candles and small candles and the return of any rise, which can easily confirm the scenario of a corrective wave as shown in the chart with an orange circle. HOW TO FIND THE TARGETS ? So now, we are in the middle of correction and This corrective trend can pass up to the range of 50% to 61.8% of its previous corrective wave, it should be a great chance to have a shot at this level (of course if the scenario gets approved by the price)! and this section is match with another level, which will also reach the range of the 2-4 trend line of the previous waves. This marked Fibonacci range is a golden point to confirm the continuation of the bearish trend or the reversal of an uptrend. so we have to watch it carefully. If the downward scenario is confirmed, the next drop can go lower than the previous floor in September and June, and we will probably have a price reduction down to the price range of 13,000-14,000 dollars, considering the impact of Bitcoin on other cryptocurrencies such as ETH and MATIC which I'll post the technical analysis later today, so BTC can bring down the entire market to lower levels with its price correction movement. But since this downward trend will be the last possible decrease in this bear market and maybe there won't be any other lower lows than this one so this downward trend can happen very quickly and even faster than what you expect from it, so it should be accompanied by the necessary reactions to purchase assets at low prices in order to hold, To benefit from the next bull run. SO, WHERE TO BUY So We have Put our Orders on 13,800 $ & 11,900 $ to maybe if the price gets there we can hunt our Bitcoins, And Also about the ETH, we had set our orders on 870 $ which can be the same as the last Low for the 1st step.
BITFINEX:BTCUSDEducation
by SasanSeifi
1
Dxy - Educational ContentHey Traders, #Educational Content, Trendline: We can draw trendlines, bullish trendline by connecting minimum of 2 Swing low points as show in the image attached. SMMA's - Smoothed Moving Averages: can be used as a support for the entries. along with the candlestick price action confirmations. when it touches the trendlines. as shown in the image above. Candlesticks Pattern: We can use this confirmation for entries, when it creates a candlestick pattern as Double bottom, triple bottom, or any bullish rejections after it hits the SMMA's as shown in the chart image above. Entries: - Entries Better entries shall be, once when its hits the SMMA's Stop loss: Stop loss Can be always placed below the impulsive moves. in a trending market. Targets: Targets can be set to the equivalent of the previous impulsive move/ to the Swing highs preferred firstly. Confluence for the trade entries: We can look for entries once the prices hits our trendlines, SMMA's and candlestick confirmations as show show above. Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.......
CAPITALCOM:DXY
by Tradelikemee
POLKADOT PERSONAL ANALYSIS IN THE SHORT TERM (RE-SHORT RETEST!)The total evaluation for the POLKADOT asset is completely bearish. Please be warned of your risks and make sure to manage it properly. I see the same confirmation candles as well in the daily for a potential reversal to the upside, take your profits always and remember to short at great levels of volume congestion for a bigger edge. A retest on the support we failed to hold will most likely be a proper target with a potential to make mega dumps even further. ------- Thank you for reading! Remind you that this is a 1H chart since the movement is more clean rather than 4H chart and 1D chart which are mostly jumbles. The 1H chart even explained how we broke through an important resistance from the bottom forming a bullish flag. Like this chart? Share it, bookmark it, save it -- its yours, for free!
Long
by Wamses
SOLANA PERSONAL ANALYSIS IN THE LONG TERM (UPDATED) The total evaluation for the SOLANA coin asset is bearish. Please be cautious longing this and do risk management properly, below are the factors that contribute to how bearish this structure is: -------------------------------------- Factors for Bearishness: We are in a big downtrend. We are in a rising wedge (bearish). You can also draw a descending triangle or bearish adam and eve formation in this chart. Copy the chart, paste it on a paint application and draw it. (I did not because it would make the chart look messy and unappealing for retail.) The NASDAQ, DJI, and SP500 are at a multi-month resistance and is now breaking down further proving the absolute power of that monthly resistance trendline. (You can check the NASDAQ chart I made in my profile.) -------------------------------------- Factors for Bullishness: We are somewhat consolidating to the upside with an ascending triangle. (Can easily be mistaken for a rising wedge) We are forming continuous higher lows. We are forming continuous higher highs. We have not yet triple tested the 26$ support. My total recommendation approach towards this coin is to pay attention to BTC very carefully, if BTC is sitting at a strong support, take a look at SOLANA and long with proper risk management and tolerance. 38$ is a crucial support as you can see how it crosses both the rising wedge trendline and the multi-month resistance. If we lose 38$ on a break, it will be very hard for us to take above 40$ again. Do not forget to like, share and save this chart for future references. Its FREE!
Short
by Wamses
EURJPY SHORT BIAS Hello traders, In this article i'm sharing with you EURJPY shorting opportunity that I see and how i'm choosing to approach it. Here's the H1 view of the EURJPY and we see a major change in structure to a bearish trend and right now, at our area of interest, we see a double top as indicated by the "X" and we're looking to short upon the retest of this double top neckline. Should be a decent RR if the market makes the pullback. We however urge that you stay reactive as this is not financial advice, but for educational purposes.
Short
by Tradeforpipsfx
2
NZDUSD Short!Price has been trading inside the given parallel Channel since 2021 ! recently price tested the lower limit of the channel and got pushed up till 0.63515 where it was faced by another resistance zone and got pushed down ! Price is in the process of retesting the above said resistance zone before it continues with the downward movement . The notion of the downward movement gets further strengthened by the observation of a Flag pattern on the Daily Chart and EMAs on weekly and daily charts . my final target for now is 0.61000 !!
Short
by UnknownUnicorn13036184
3