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7.10.2020 - Monero (XMR / USD)Hi Traders! Today we will look at the well-known cryptocurrency - Monero. If you compare Monero chart with the charts of other cryptocurrencies, you can observe one absolutely fundamental difference. What is that? Monero is currently at its peak since the March declines. If you look at other cryptocurrencies, for example, DeFi projects have generally fallen by more than 60%. Other altcoins have also fallen by about 50% since the last high. Examples are DOT, LINK, ADA, or XTZ. Monero is even above the strong psychological threshold of USD 100. Looking at RSI, it is clear that we are following the trendline, but we also see divergences. The chart also holds the trendline, but it has a fairly sharp angle. We have strong resistance at USD 121.43. We doubt that we would be able to breakthrough in this trend. The first thing we will watch is the fall of the trendline on the RSI and then on the chart - then there will be a decline. May the crypto be with you!
XShort
by DolleroTechnology
2
2020-10-02 USDJPYI'm viewing USDJPY from a bearish perspective. We fell from a previous zone and crossed through the 200EMA. We are now under the cloud testing the 200 EMA. I think we could be forming a rising wedge. I think over the weekend, we'll head down and see a possible reversal when the market opens back up on Sunday. I'll be looking to enter the reversal. We are approaching a cloud of resistance on the 4h that could cause the price to bounce around. We could potentially find support on the cloud and head up, but I'm anticipating the TVC:DXY will lose strength.
Short
by pipdrifter
AUDNZD, 2hr tf, sell on retest of resistance with ichimokuHello my friends, Today i got a nice setup on AUDNZD pairs. Well this pair is a bit slow to trade but since it come to my screener so i will take it. Before i start explaining this trade setup, please hit the like button for this post and follow me for my latest updates. I use the 2hr chart to analyze this pair. As you can see this pair is below the red colored cloud so we could say this pair is bearish at the moment. This pair go currently retesting horizontal resistance where it acted as support before. Parabolic SAR also above the price indicating selling pressure on this pair. Sell AUDNZD 1.0825 Stop loss 1.0870 Take profit 1 @1.0780 Take profit 2 @1.0735 Take profit 3 @1.0690 RR Ratio is 1 : 3 Use only 1-2% risk Good luck Disclaimer : I sold AUDNZD from 1.0825
Short
by HayatoDragonFX
1
Low Volume + Weak Price movement = ROCKET!ETH is preparing for the move! At the current state of the asset, the price does not show any strength or weaknesses of either Bulls or Bears. The decreasing volume is suggesting that the asset is going through the accumulation phase. At the same time, the price is bouncing around the POC of the current month. Trading Plan COINBASE:ETHUSD : There are two potential scenarios that we would monitor. First of all, in the short run, the price should reach the bottom of the trading channel at around $356. This will act as a line of support, however, it is possible that we may experience the strength of the bears and If the price would manage to break below that level with good volume, then the upward move scenario is cancelled and the price will start to decrease in the attempt to form the double bottom, around the Macro Upward Trend line. If, however, the price will be able to hold the level of $356, then there is a good chance for the asset to gain in value and aim towards the level of 400$. Along with the upward movement, we should experience the first resistance level at around $366. If the price will go beyond the 400$ (with good volume), then it would aim for the golden pocket between $420-$426.
COINBASE:ETHUSD
by Wunderbit
5
GBPJPY, 1hr tf, sell at resistance with ichimoku confirmationHello my friends, Today i took GBPJPY sell as well. I analyze this pair on 1hr timeframe to time my entry. As you can see i marked my sell area which previously acted as support. Price broke below it with strong candle yesterday. The upwards movement was only a retest and i took sell positions righ after it got back below the marked zone. Sell GBPJPY 135.50 Stop loss 136.10 Take profit 1 @134.90 Take profit 2 @134.30 RR Ratio 1 : 2 USe only 1-2% risk Good luck Disclaimer: I sold GBPJPY from 135.50
Short
by HayatoDragonFX
5
Weekly Analysis Resumes This WeekHey all! Been a bit under the weather recovering from injury. I'm resuming weekly trade analysis each Sunday on what swing trades I'm paying attention to throughout the week. Here's how I view the charts: I'm looking to see if I can find the price's overall move for the week with each pair. TPs will be posted based on how far I think price will move before it does a pullback or continuation. I don't pick one direction since market and world news can be unpredictable. The sole focus as a trader is to get in front of the move by using the zones I mark for entry and exits. Need more help? Leave a comment or direct message and I'll respond to messages each day. Let's Make Some Money Traders! Much Heart
by NikaJourney
6
XAUUSD, 1hr tf, upper zone rejection with bearish divergenceHello my friends, Previously XAUUSD closed with a solid big bearish candle on daily timeframe during Wednesday. After that, it consolidated inside marked zone for whole day at Thursday. It actually looked like an inside bar which is a continuation pattern to the downside for me. It also break below the ascending trendline so i think the short term trend is bearish for now. In my opinion this is the C wave of ABC correction from higher timeframe. Taking a deeper look into 1hr chart to time our entry, there is a bearish divergence exactly at the resistance so we could try capitalize this opportunity. Sell XAUUSD 1950 Stop loss 1958 Take profit at 1926 RR ratio 1:3 Use proper risk management Only risk 1-2% of your equity Good Luck
OANDA:XAUUSDShort
by HayatoDragonFX
GBPNZD, 4hr timeframe, Sell on retest of resistance areaHello my friends, GBPNZD currently very interesting as price broken below the short term trend line. Also noticed that the last 2 candles on this chart looks like a bearish pinbar / shooting star candle. I tried selling GBPNZD on the retest of broken zone of previous double top pattern. Sell GBPNZD 1.9960 Stop loss 2.0035 Take profit 1 @ 1.9860 Take profit 2 @ 1.9770 Use proper risk management Only risk 1-2% of your equity Moved SL to entry once price touched TP1 Good luck
Short
by HayatoDragonFX
EURNZD, 2hr timeframe, sell on zone retest Hello my friends, Another interesting setup for today is EURNZD. Price made a double top previously and go down for 110 pips since it broken through the support. This support now turned into resistance and price currently retesting it. EURNZD also has broken below the trend line, so I could say the short term trend is now bearish. Sell EURNZD 1.8055 Stop loss 1.8120 Take profit 1 @1.7950 Take profit 2 @1.7880 RR ratio is 1 : 2.5 Risk only 1-2% of your equity Move stop loss to entry once it hit TP1 Good Luck
Short
by HayatoDragonFX
GBPJPY, 4hr timeframe, price back into zone after false breakHello my friends, I previosly posted about the chance of GBPJPY making a broadening wedge pattern. Looking at the previous daily candle of all GBP pairs, i could say that most of the pairs making a bearish reversal candle so there is possibility GBPJPY could turn lower as well. I am closing my previous buy and cut my losses at138.90 for -20 pips. At the same time i switched into sell position because the last 4hr candle close also support further downside. Sell GBPJPY 138.90 Stop loss 139.50 Take profit 137.85 RR ratio is 1 : 1.75 Risk only 1% of your equity Set stop loss to entry once price move below 138.50 Good luck
Short
by HayatoDragonFX
GBPJPY, 1hr timerame, sell on rejection of EMA-50Hello my friends, Today i saw a nice setup of GBPJPY on 1hr timeframe. After marking our upper zone and lower zone, i found that pice comeback to retest the upper zone which is now a resistance. Ther is also 50-EMA of 1hr chart exactly on this upper zone. We could say it is an area of confluences where sellers keep price from moving up. Also noticed that stochastic on overbought level exactly at this area so there are more reasons for price to go down. Sell GBPJPY @138.95 Stop loss 139.30 Take profit 1 @138.55 Take profit 2 @138.20 Take profit 3 @137.85 Use proper risk management Only risk 1-2% of your Equity Also moved SL to entry after it hit TP1 or TP2 Good Luck
Short
by HayatoDragonFX
1
GBP USD - weakness coming as high, lower high formedHello traders and analysts, Here is our take on GBP USD - the trade is active, with FX it is a moving target so we will look for an additional entry upon a nice supply up coming but will it hold? the answer is yes, so price reacted at our 0.705 and resisted - now we have a long aiming to close into the purple zone. what has changed since the last chart? So what is new is that we have had a zone touch and a lower 4hour zone touch. We can see personally a failed touch of the zone, the GBP is staying weak against the dollar with uncertainty of the GBP strength so we will now look to the downside and close out longs. COT report: Long Short Total %Long %Short GBP Avg_13 32,923 49,892 82,815 40% 60% Avg_20 41,245 43,918 85,163 48% 52% Avg_130 43,323 68,286 111,609 41% 59% AVG_50 43,547 67,458 111,004 41% 59% USD Avg_13 18,508 12,046 30,554 60% 40% Avg_20 19,886 11,437 31,323 63% 37% AVG 50 31,006 11,782 42,788 71% 29% Avg_130 31,573 11,946 43,520 71% 29% Technicals: We have a good opportunity here to break the trendline as the triple top formation failed with heavy resistance at 1.265XX and weekly fibonacci level of 0.705 this could be a strong opportunity to sell again. However, be aware of the above supply which is a full retracement from lows of 1.14 - 1.15 if price reacts and falls back into the range - look for a range sell, however if price shows a breakout and closes above with a weakened dollar. look long There is bullish sentiment on the 4hour, but daily we can still a nice range here - it is shaking out a lot of investors which is good for liquidity grabs and flow of funds between the players. We are playing the supply and demand here between bulls and bears. This is all that matters. for this trade however we are in short. Add sell positions if a fakeout of the retest of the breakout to create a lower low. Fundamentals Coronavirus in the EU and UK - both showing cases in respective countries, Euro stimulus package has not been agreed so can show signs of strength of GBP if this fails to transpire. Brexit talks - will send the pound with huge strength once a deal is reached - inverse will send EUR to almost parity if talks end and no deal is reached Keep a watch for manufacturing orders in Germany and any causes for concern within France, Italy, Germany and Spain which can drag data components down. Vaccination attempts to drive market sentiment. USD safehaven upon tensions between HK move on China vs USA debate. USA - cases in multiple states are high risk, the disconnect is unbelievable. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
Short
by LupaCapital