Evening Traders, Second analysis for today, I will try to produce two pieces of content daily, CADJPY – trading under Daily S/R in a bearish formation, a bearish retest is probable here. Points to consider, - Rising wedge (bearish pattern) - Daily S/R (Resistance) - 200 DMA (Confluence) - Bearish Divergence (RSI & Stochastics) CADJPY is trading in a rising...
Evening Traders, Today’s analysis – GBPJPY – putting in a bearish retest, price is to test support, the next technical trade location. Points to consider, - Trend bearish retest (Daily S/R) - Support confluence (.50 Fibonacci & 200DMA) - Oscillators diverging - Volume below average GBPJPY has had an initial rejection from its Daily S/R, putting in a...
Evening Traders, Today’s analysis – BTCUSD (Update) - price is now ranging from an impulse sell, further consolidation is likely. Points to consider, - Valid volume influx - Oscillators overextended - Price consolidation - Local S/R levels BTCUSD has printed a probable capitulation candle with a volume influx, marking a temporary bottom. Price is now...
Evening Traders, Today’s analysis – BTCUSD- strong impulse sell from $12 K psychological, current weekly S/R is at the pivot point for the macro trend. Points to consider, - Bearish PA - Liquidity buy back - Valid volume climax - Bearish retest ($11.5K) BTCUSD continues to trade with bearish price action, no bull volume follow through evident, this allows us...
WE STILL ON BEARISH PLAN AND PATTERN STILL ON THIS WEEK WE HAVE GOOD CHANCE FOR REJECTION SO WE WILL JUST WAIT PRICE ACTION AND FOLLOW THE CHART
WE EXPECT BULL BACK THEN REJECTION BY STRONG RESISTANCE AREA TO THE POC LEVEL AND LOW VALUE AS SUPPORT LEVELS AS SHOWN ON THE CHART
Evening Traders, Today’s analysis, FIOBTC trading towards a probable double bottom structure, confirmation will be on the break of dynamic resistance. Points to consider, - PA approaching trade location - Equal lows (liquidity run) - Key dynamic resistance - Oscillators over-extended - Swing high target FIOBTC’s price action is approaching a key trade...
Evening Traders, Today’s analysis – NZDJPY- in a macro bear trend where rallies are to be sold into until proven otherwise, current set up allows for a short. Points to consider, - Consecutive LH’s & LL’s - Local S/R Flip bearish - Weekly S/R target - Oscillators below 50 - Volume below average NZDJPY has a bearish bias as the trend continues to establish...
Time to go long again, BTC is showing buy volume over support
Evening Traders, Today’s analysis – VETUSDT- breaching dynamic resistance with an impulse move, swing high being the immediate target. Points to consider, - Local downtrend broken - Retest confluence (.618 Fibonacci) - Key dynamic resistance breached (swing high target) - Stochastics flat - Volume below average VETUSDT’s down trend has been breached by...
Evening Traders, Today’s Analysis – QTUMUSDT- breaking daily S/R after running liquidity, a long trade is valid for continuation. Points to consider, - Trend bullish (consecutive higher lows) - Daily S/R Flip retest (.50 Fibonacci) - Range Mid (Local Resistance) - Oscillators above 50 - Volume below average QTUMUSDT’s immediate trend is bullish with...
Evening Traders, Today’s Analysis –GBPCAD- holding structural level where a move into weekly resistance is plausible. Points to consider, - Price range trading - Structural support confluence (.50 Fibonacci & 200 MA) - Weekly Resistance target - Oscillators neutral - Bullish price action GBPCAD’s immediate trend is range bound respecting key levels....
Evening Traders, Today’s analysis – XRPBTC- impulse break back into structure with the immediate target being range resistance. Points to consider, - Swing low failure (local trend change) - Range support confluence (.50 Fibonacci & 200 DMA) - Range resistance target - Oscillators diverting to neutral - Clear Volume influx (temporary top) XRPBTC’s...
Evening Traders, Today’s Analysis = NZDUSD – trading at key structural resistance in a bearish pattern, a move down is probable. Points to consider, - Trend rising wedge - Strong structural resistance - Local support confluence - Oscillators divergence - Volume declining NZDUSD’s immediate trend is in a rising wedge pattern with price action close to...
Evening Traders, Today’s analysis –RENBTC- impulse sell coming into structural support where a bounce is probable. Points to consider, - Local double top - Support flipped (local resistance) - Structural support confluence - Oscillators above 50 - Volume below average RENBTC had an impulse reaction from its double top region, breaking a key level now...
Evening Traders, Today’s Analysis- CADJPY – price impulse through key structure, an S/R flip retest will validate it as support. Points to consider, - Trend oversold bounce (RSI) - .618 Fibonacci (Resistance) - Structural support (S/R Flip) - Stochastics sell cross - Volume influx CADJPY trend impulse was due to oversold conditions indicated by the RSI. A...
GOOD SUPPORT LEVEL FOR BULL BACK WE WILL LOOKING FOR BULLISH PRICE ACTION
Evening Traders, Today’s analysis – GBPUSD – in a technical area of confluence, a retracement to the .618 Fibonacci is likely. Points to consider, - Local trend swing high - Equal highs ( Liquidity grab) - Local support confluence (.618 Fibonacci) - Oscillators overextended - Volume increasing GBPUSD is testing a key level with equal highs. This increases...