Apple has retraced to the 61% Fibonacci zone and is now showing signs of a push higher. We may see a small dip back towards the 61.8 Fib zone, however, I'm almost positive Price will then push higher again towards the 1.61 Fib Extension zone around 171.00
It seems EURUSD has been in a down trend on the 4 hour time frame and on the daily, and a bearish hammer candle has formed on the weekly chart. There also seems to be a nearly 50% retracement that has occurred within the channel, which is a good indication that it may continue to go in to the direction of the trend. Assuming it does fall, then it can be said it is...
Summary of technical analysis on the USD/JPY:
- Fib(0) changed to 106.957 high of 10:00 candle
- Stophunting session to grab the selling liquidity
- Temporary long ('short squeeze') & then short
- Swing is overextended to the upside
- RSI pullback to probe above the 70
- Extremely low volume for a new high
Summary of current technical analysis for the USD/JPY pair on the 4-hour chart:
- 70 resistance on the RSI with bearish divergence
- extremely low volume to the upside
- major resistance level on the monthly fibonacci
- perceived bullish exhaustion
- swing-high fibonacci 0 holding
- +1.91% from swing-low fibonacci 1
If you enjoy this analysis, give it a like and...
Ocean/USDT 1H. I like stacking a few Ocean on the dips. Superb project.
Looking at the 1 hour chart: I see a very good triple bottom that has offered support multiple times, far left is a 4th touch and within the rectangle is a good support zone.
Buyers are not letting OCEAN dip beyond here 78 -80cents. All this and price action is within a larger ascending...
Still chance for continuation with the market providing a bearish divergence on the RSI, but still also a bullish convergence at least until the market either breaks under the low of the previous swing or manages to create a higher low but now with a bearish divergence. It seems the market manipulators are getting their short orders filled and then we'll be ready...
Just some ideas on the USD/JPY. Supply seems ready to push for a lower swing-low at over 100% retracement on the previous swing, entry could be at a lower swing-high retest on that move. If you like this short analysis, give it a thumbs up and follow my profile here on TradingView. Thanks! ^^
I buy silver, not much to be honest. A few ounces here and there. But, I prefer crypto which is why I am taking the chance to sell some silver now. I think it is better invested in some quality DeFi projects. I want to add to Alpha & Rune positions.
The chart: Silver has been in an uptrend since March 2020. Culminating in an ascending triangle pattern. It looks...
The dump earlier today was an emotional one. This is apparent from the big red candles going from the 0.786 level to the 0.5 level in 7 hours. It's investors acting on fear.
This, combined with the bounce off of the support zone & the 0.5 level gives us a recipe for a quick recovery. Those who sold off realise they're wrong, buy back in. Those who sold the...
Since the start of the year, price has been in a HH/HL uptrend. Following this structure, we can assume that price will do the same this time round.
The 0.786 level at 105.4 is likely to hold due to a) it being a fib level b) being a previous 3-touch resistance. We can enter here with a stop loss below the previous low at around 104.25 with a take profit at the...
EURUSD looks set to continue its bullish rise up to the last biggest resistance/0.618 fib level, 1.25.
To break down what's happening on the chart:
The red line represents the long term bearish trendline that started in 2008. In October, fibre pulled back after breaking the trend and bounced strongly off it, signaling a new long-term bullishness.
BTC is yet to fully correct, at least on the weekly. In my eyes, these huge candles up are unsustainable without significant greed. Significant greed cannot continue indefinitely without returning to the mean (neutrality), and likely, significant fear.
There are a few factors I believe will influence a correction:
Greed across the traditional and crypto...
Hi, guys this analysis active when the price break the blue line and stable on top of it and then you can buy for those targets.
be careful market has in a little risky because of the condition of Bitcoin but if you are risky after surely break the line you can take a long for reaching another profit in this currency
TP1 short term
TP2 long term
GBPAUD - I liked and still do feel GBPAUD has great trading opportunities, I've been swing/day trading GBPAUD.
Hope you had or having a great weekend...so far!
Let's dive into GBPAUD - Technical aspects:
Support: 1.77900, 1.77585, 1.76860, 1.76295
Resistance: 1.76295, 1.80200, 1.80450, 1.8100, 1.81580
How to play this trade idea?