USDMXN sellers in chargerejection appeared and now sellers have taken control. I am short until the support area
Weakness
Expect a bounce up to a lower high before going sideways Looks like the projected typical correction has
Occurred in amplitude - I expect it will recover from here albeit slowly and form a lower high like a head and shoulders pattern.
Trade idea > buy for a small bill recovery only to the red line which is the volume most traded above
UNISWAP - Weak Bullish Indication.BINANCE:UNIUSDT
There is two buy signals on Extreme Bullish point followed by a sell signal on overbought area.
then the next buy signal pop up, it says on Sideway bullish area. this indicate the weak bullish and probably after reached the highest high, it gonna pullback to strongest support area and continue the correction.
AUD/USD Weekly Inverse Head and ShouldersHere we have a High time frame analysis on the AUD/USD pair .
On the 1W TF we can clearly identify the formation of the Inverted Head and shoulders with the right shoulder to be completed over the next 24+ months
With all the un certainties around the world of course anything can happen and this pattern can completely fail like any other if a big event occurs and if 2020 is anything to go by then its definitely possible .
Despite that it will be interesting to see as the months go by how this will play out in the long term .
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CAD/CHF - Two Potential PathsWe can see price broke out of an ascending structure following CHF weakness across the board. Price is now retesting the top of this ascending structure.
Where will price head next? Two potential price paths for you follow.
Have a great trading day and weekend!
Too much weaknessHigh volume operations did not lead to new advance. It is likely fixing profits from longs when price jumped above 1.0 round level. The most likely is slow down drifting in this case.
AUD/USD - Simple Structure - Top of RangeSome simple analysis here on AUD/USD.
Key levels, identifying the top of a long term range where price has bounced from consistently in the past.
Will we see some AUD weakness in the coming days?
$VOO SHOWING WEAKNESSAfter a nice bull run, some were taking profits today. We started the day with heavy selling, some shares were bought back later in the day. The market hit the resistance and we might see some weakness until friday.
Or a rebound ! Who knows :')
Happy trading.
A quick check on $XLM on the hourlyPeople in our community are keeping checks on XLM and want to know what's likely to happen in the foreseeable future. My take is that the pennant shows quite weak support on the uptrend and is more likely to break below within the next 2-8 hours. If it does close below somewhere on the 5 and 15-minute timeframe it's recommended to short.
The Aussie has duly surrendered 0.7700+ status against its US...The Aussie has duly surrendered 0.7700+ status against its US counterpart and been below 0.7650 irrespective of Q4 inflation metrics marginally topping estimates, while the Kiwi has lost grip of the 0.7200 handle again eyeing NZ trade data after the FOMC. Further downside expected over the remaining trading sessions this week.
USDCAD SHORT LOTS of confluences. 7.5 Risk-Reward RatioDollar getting weaker every month, clear downtrend, re-testing resistance and the FIB 'Golden Zone' (bearish engulfing candle on resistance too), potential head and shoulders pattern and clear 3rd touch of a clear trend-line. Overall bearish fundamental bias as well. We have all the confluences in one single trade x)
YFI - Looking Abnormally Weak in a Bullrun Market, What's Up?My last YFI call was not an overwhelming success, to put it mildly. But we win some and we lose some, that's the game we play isn't it.
So let's take another crack at it. YFI is looking really quite weak even with the rest of the market going absolutely bananas. This is I suppose to be expect, YFI being a high value coin isn't going to be bought while BTC is taking off.
With that said, the RSI is surprisingly close to overbought, and we're struggling to stay on the previous up trend line as a psuedo support/resistance at this point. Clearly doesn't know whether it's coming or going.
I suspect we'll see a pullback next week, people taking their gains from the market before xmas so they can enjoy their holidays. I'm looking around the yellow area for a potential bounce play. SL would be below the current support area, giving us a really good R/R as the potential upside for 2021 is ATH+, or 100%+.
DeFi is gonna go nuts in 2021, and YFI is the flagship in many peoples eyes with it being the highest value (though the merit of that claim is debatable).
This is not financial advice. Do you want some financial advice? You're not getting it here. Sorry. Not doing it.
USDJPY H4 - Short SetupUSDJPY H4 - Still bearish bias for the USD personally, there isn't any real reason to justify reasons otherwise. Popped back above S/R but nothing to indicate a change in trend, USDCAD is the anomaly, setting fresh highs off the back of OPEC talks. Summary in the above video.
USD WEAK WEAK WEAKUS Dollar is very weak against all currencies. We will be looking to sell usd on any retracement against all currencies.
SPX is looking weak on 15 min TFVolumes are thin and there is chance of downside in SPX. At least on shorter TF its showing weakness.
Long term trend is still bullish so be careful with positional shorts.
Nifty looks in disagreement with volume on shorter TFShort nifty for target of 12450-500 approx. Nifty is showing signs of depleting volumes so one can look for opportunity to short.
BNF showing weakness on 15min TFBNF showing weakness, if tomorrow markets opened up there is possibility of good shorting opportunity for target of around thousand points
Litecoin. Sell at the 382. After the recent drop Litecoin has taken over 3 weeks and it hasn't got back to the 382 yet. This is a very bearish sign and with more downside expected in Bitcoin I can see this a lot lower over the coming weeks.
Selling at the 382.
AUDJPY H4 - Short SetupAUDJPY H4 - Very similar to the GBPCHF range, trading between 76 whole number and 75 whole number, decent 100 pip range of a pair which generally warrants confirmation. RR is there too, lets see how we respond to this 76.00 resistance zone.
AUDNZD- QUICK 6% ON A FRIDAYAs we can see on this hurly chart price fell out of this rising wedge (bearish formation) and has now printed new lower lows, waiting to see how price responds to this highlighted level as there is a few confluences here (50EMA, 38.2 Fib level and previous low)
DXY USD Weakness We've All Been Waiting For? Could the next few weeks be the much anticipated Dollar correction?
TA says so.
Fundamentals have been screaming so for over a year...
