USDJPY: Bearish Break in FocusHello Traders,
Below is my analysis of USDJPY currency pair from H1 perspective.
Trend & Sentiment
USDJPY is in a strong downtrend, forming lower highs and lows. The recent break below 153.819 confirms bearish momentum, with sellers firmly in control.
Key Levels
Resistance: 153.962 (Minor), 154.653 (Major)
Support: 153.276
Possible Movement
Bearish Continuation: Likely toward 152.466 (target) as long as the price stays below 154.653.
Retracement Risk: Minor resistance at 153.962 may cap any short-term bounces.
Reversal Signal: A break above 154.653 could shift momentum to bullish.
Conclusion
The outlook remains bearish with a focus on 152.466, while resistance at 154.653 defines the trend's invalidation point.
Do let me have your thoughts.
Cheers and happy trading!
Waveanalysiss
#USOIL Next Move By We Trade Waves (21 Jan 2024)Hey Traders, This is USOIL Analysis and update for all of you.
What we can see is market to make one small up move, complete the complex structure and fall.
If you have missed our last stream on TradingView, you can watch the recording here:
www.tradingview.com
DO NOT JUMP IN - Jumping in without using stop loss or risking big or following anyone blindly leads to big losses, never do that. Always wait for your setups and use proper risk management!
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
We are sharing our point of view on what could be the next move in the markets based on our We Trade Waves wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET "We Trade Waves" 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
DISCLAIMER: We Trade Waves is not a signal service. Instead, it involves sharing our perspective and detailed analysis based on our unique wave analysis concept. We cannot be held responsible for any financial gain or loss that may result from following our analysis.
Trade with care
We Trade Waves Team
Follow me: Gold rebounds weakly, pay attention to the 1946 regioYesterday the whole world was bullish, but I was still bearish, and I reminded you yesterday that gold was shorted at 1970, and the target was 1950, and gold really rebounded to 1970 at the highest, and then began to fall to 1939 at the lowest.
Today gold is slowly oscillating upwards, which is what I expected. Currently bullish in the short term, stop loss 1930, short term is expected to be above 1950, take profit 1955, wait for the opportunity to rebound to 1952-1955 short, target expectation 1940, stop loss 1960
Next, I will continue to provide more trading signals, follow me!
ZECUSDTTurkish description is below.
Im expecting a bull rally for zecusdt to hit 305 usd between 6 March and 1 May 2023. This comes from end of Wave C which made ending diagonal as shown on the chart.
Note that this post should not be considered as financial advise.
6 Mart ile 1 Mayis arasinda ZECUSDT paritesinin 305 dolar olmasini bekliyorum. Bunun sebebi C dalgasi biten diyagonal olarak yapmasidir.
Yatirim tavsiyesi degildir.
BTCUSDT ZIGZAG heading to 19600USDTBTCUSDT entered in a downtrend on a corrective intermediate Zig-Zag pattern, in which minor wave-(A) is potentially aiming the greater demand @ 19600. A swing trading plan can be made easily based on supply and demand theory, avoiding to trade in the grey sectors, so-called equilibrium zone.
BTCUSDT Complex C - Multi Wave in an Ending DiagonalBTCUSDT made a beautiful corrective C-multi-wave pattern, which surprise terminus finished with an 5th wave leg-up that surpass the trend-line, after an ABCDE triangle. In the Wyckoff Method narrative we can call it an upthrust movement in phase c of a distribution. About the wave count, the entire triangle is an contracting ending diagonal of a corrective wave C, in which we can see a multiple pattern that confused the prediction. After the "thrust" the price action should return to the break point, characterizing a "false break". It's common in C-legs, when the triangle occurs, that it's exceed the break-point. In this case, price reached the weekly supply, interacting with AVWAP from ATH. Now the bears are slowly take control. I'm expecting 18% drawdown of a downtrend till the wave 3 of a potential impulsive downward.
BTCUSDT A Head & Shoulders to builtBTCUSDT have a Head & Shoulders pattern to built in a Zig Zag downward, in which a wave 1 can be expected for an 2-D swing trade as a breakdown from the micro symmetrical triangle is expected. Thereby, a new supply target will expecting for a reaction. This will be an increase of confidence for the sell-side. Displayed on this H4 chart: daily LSMA (least squares moving average) resistance plus AVWAP (anchored volume weighted average) from peak of wave (ii) of this ending diagonal (as showed on my actual cyclical wave analysis). Technicals: serious divergences on Commodity Channel Index and Chaikin Money Flow suggesting a condition to a dip soon. Overbought condition.
FILUSDTAccording to the price chart, it is located in the overlapping area of the Fibonacci price levels. And also the price is near a static resistance and a support trend line.
According to the price pattern on the chart, the price is "probably" at the end of its corrective pattern. In my opinion, this correction pattern should end between the 11th and 13th of March.
And the least I expect after the correction pattern ends is for the price to rise to the top of wave A or 1.
But the main targets of this price increase are respectively $20 (100% Fibonacci extension of wave A or 1 from the bottom of the corrective pattern) and $46 (162% Fibonacci extension).
And finally I see $183 (Fibonacci extension 262%).
GBPCHF- more buying pressure don't missHey Everyone,
in this analysis, GBPCHF has moved within the correction currently which looks bullish for some days now, and it's currently forming a correction after an impulse. The initial phase will be an impulse>>correction>>impulse.
that is i'm expecting a bullish impulse to form.
WHAT ARE WE EXPECTING:
# look for a lower time frame continuation correction to ride the trend.
HOW DO WE ENTER:
# on a break of trendline either the continuation correction or top break of line
OUR STOP LOSS LEVEL:
# when the pattern change(bearish pattern form)
POSSIBLE TARGET:
3:1 rr to top of the arrow
THANKS FOR READING.
AS ALWAYS TRADE SAFE AND STAY SAFE!!!
GBPUSD ShortThe GBP/USD currency pair has exhibited potential for a short position following an upward movement of over 250 pips from the previous projection, resulting in an attractive risk-reward ratio of 1:5.
The pair displayed characteristics consistent with manipulation by market makers during the early hours of the London trading session. This could potentially indicate an effort to entice less experienced traders to enter long positions. Based on the analysis of technical indicators, the GBP/USD is currently in a zone where both bullish and bearish movements are possible. However, considering the rejection of the zone by the price action, a bearish outlook is favored. A close below the 13-day exponential moving average will serve as confirmation for a short position entry.
Conversely, if the price closes above the level of 1.24212, the bias will shift to bullish. The short-term target for this trade is 1.23245, while the medium-term target is 1.22886.
CHFJPY Bullish Pattern Repetition Hello traders, In today's article, I'd be sharing my analysis on CHFJPY and the reasons for my bullish bias . Here on the daily timeframe, we see a market in an uptrend as indicated by the ascending trendline. But what's more interesting to see is how we have seen a pattern repetition every time the market pulls into the ascending trendline.
We see a double bottom at every test of the trendline, and as with the rule of trading double bottoms, we would most likely be waiting on the retest/corrective move of this pair to test what retailers would consider "the neckline" of the W pattern. Alternatively, for those who use Fibonacci, we'd be anticipating a correction to either to 38.2%, 50% or 61.8% fib level and look for trend continuation inside the zone.
If this helps, please don't forget to drop a LIKE for us and support us for the release of more educational contents.
SHORT Scenario with 10X on MATICSimilar to what was said in the educational analysis of BTC, it can also be seen in the MATIC analysis. So, if you haven't read the academic analysis of Bitcoin, read it first to understand better the wave count and the falling trend of this analysis.
Here is the Link : Elliot-Analysis-on-Bitcoin-with-Tutorial-Lessons
What's Going on MATIC
We are in the process of completing an upward corrective microwave (2-3 or 2-C), which of course has good strength, and we must wait for the reaction to the Fibonacci area (61.8%) or the 0-2 trend line of the previous big waves to confirm the end of the correction and also see this ending in the candles (Similar to what was taught before), after that, we can enter a Great Short Position .
Where to Buy?
To end this upward correction, we considered the 61.8% Fibonacci area in the price range of $0.83-0.84, which you can use with 2 dotted and dashed trend lines to react and enter the next price drop.
The dotted trend line will be the start of this decline, when the price breaks down, you can enter the 1st Short position with a small amount, and of course, when the dotted trend line breaks, it will be the following confirmation and a place to add more budget to the short position, which can even breakdown the previous Low in September.
Follow the process, whenever an update is needed, I will inform you through a new analysis.
EUR/USD likely to fall!Hey tradomaniacs,
EUR/USD has shown a fakeout to the upside with a fast reversal showing sellers are trying to fool buyers in here.
Previous news were hawkish but so far we see a risk-off-tone in the stockmarket which is likely to keep EUR under pressure.
However, lots of sellers coming in at this spot and orderflow is currently pretty bearish!
Please keep in mind that all trades are risky today due to less volume. Lots of holidays and closed bond-market ahead highly awaited news this week!
Let`s see =) Good Chance!
JP POWER WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
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....
NAS100USD - DAILY TIME FRAME The Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in 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.
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....
🥈Silver (XAGUSD):Long-Term Elliott Waves●● Preferred count
● XAGUSD (SAXO) , 🕐TF: 1W
Fig.1
You can read a detailed commentary on the counting of the wave structure of long-term waves in the previous review . At the moment, long-term growth is expected to resume within wave Ⓒ of III , which has the right to take the form of an impulse or a ending diagonal .
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● XAGUSD (SAXO) , 🕐TF: 8h
Fig.2
It is assumed that the correction within the primary wave Ⓑ formed an expanded flat . I also want to draw attention to the formed pattern of technical analysis "Bullish Wolfe Wave". The model is indicated by two blue dotted lines, the upper line acts as a target for the expected upward wave.
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● XAGUSD (SAXO) , 🕐TF: 45min.
Fig. 3
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🕐TF: 8h
Fig.4
Locally, an alternative wave count suggests considering the probability of expanding the boundaries of the wave Ⓐ , complicating its structure to a diagonal consisting of zigzags. The markup is somewhat more harmonious, but has a number of controversial sections, for example, in the triangle X , in my subjective opinion, two subwaves are multiple zigzags , which is prohibited by the rules.
Anyway, the double zigzag in wave (2) is most likely completed. An upward wave is expected, based on the depth and structure of which we will distribute the options.
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●● Alternative count
● XAGUSD (OANDA) , 🕐TF: 1W
Fig.5
The globally alternative count, within which a large triangle (IV) is formed (more details here ), along with the local alternative, suggests the development of an ascending diagonal, but in this context - as the final wave (C) of Ⓑ .
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NZDUSD - DAILY CHARTIts looking bullish, waiting for the NZDUSD - DAILY CHART - to correct and then give us short opportunities.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. based on my technical analysis only.
buy low and sell high concept. buy at cheaper price and sell at expensive price.