Hello Traders, Hope all are good, we can a recent bullish trend in here which is likely to come to an end as bearish divergence can be seen and unable break the last high and successfully broken last low. We can place an sell stop entry as per marking on the chart. Cheers.
We can see a trend reversal as there is a completion of AB=CD harmonic pattern + bearish divergence. B point has been broken so we can take an instant entry here and wait for TPs or SL. Cheers.
A bullish butterfly pattern can be seen in GALAUSDT 1H TF. We have taken a long entry at the current price. TPs and SL are defined. Cheers.
DXY can be bought if the price breaks above level B and can continue to be bought till D.
A short trade can be taken if the price breaks B point.
The price chart in 1H TF showing a rising wedge and bearish divergence, looks like it is very close to enter our plan.
BTCUSDT currently trading in a rising wedge and size of Highs and Lows becoming smaller than previous which indicates a perfect wedge, we will enter a short trade if price breaks the last low + wedge, if price don't breaks the last low + wedge and moves upside, we will cancel current entry and wait for next trade.
MASK/USDT in 1H time frame have completed a head & shoulder pattern, a big divergence can also be seen. we will a short trade entry at the current level as neckline has been broken. The SL & TPs are mentioned on the chart.
A double top pattern can be seen in 1 H time frame, neckline not yet broken. our short entry will be below neckline. TPs and SL are also mentioned on the chart.
BTCUSDT bullish divergence can be seen in 1 hour TF. Not recommended to around this zone.
Support & Resistance has been marked on the chart, we will take entries after observing the price action, if price breaks R1, we will enter long after R2 and will use Long Trade SL & TPs and vice versa
DXY 1H TF is in bearish trend, price at LL right now. we can take a short entry using FIB level 0.382. SL & TPs are defined on the chart.
JASMYUSDTPERP 1H TF is in bullish trend creating higher highs and higher lows, we can take a long entry for this pair as Entry, SL & TPs are mentioned on the chart.
LDOUSDTPERP 1H TF is in bearish trend and printing LL & HL. we can take a short entry as per marking on the chart.
GALAUSDT 1H TF looks like it is going to be a bearish divergence, so we will avoid taking a position here.
ENSUSDTPERP 1H TF just about to enter in bearish trend as it has already broken last higher low and price did not reach last higher high and closed below HL.
KNCUSDTPERP 1H TF is in bearish trend, creating LH & LL, we can see a new lower high currently where the price is, there are red candles closure in the LH, a short trade an be taken as per Entry, SL & TPs mentioned on the chart.
AMBBUSDPERP 1H TF is currently in a bearish trend and it looks like price is creating lower high at the moment and red candle closure shows a bearish trend continuation.