Hi Traders! As you can see the market is in a ranging condition. The first major movement you can see in the chart is the strong bearish downmovement. This downmovement started at the top of 1.32000. It ended up at the Support at 1.14500. After that the market retraced. This Retracement move was until the 61.8% of the Fibonacci Retracement tool. Later the price...
Being caught in a range isn't always a bad thing, especially when you can trade top to bottom and back again! Bitcoin looks like it'll be caught between $9500 and $10,200 for another couple of days, with a breakout indicating a move of at least a few hundred more dollars in the given direction. Get your Long order in at the low end of this range, ready to take...
Price is at an all time high so we can expect new levels to develop. Currently looking at -20.32 as a potential resistance and I will enter a short once I have clear confirmation (rejection, price action..). This pair could range in its current zone for some time so take advantage and trade safely.
Seen from this angle it would appear the price of BTCUSD is currently stuck ranging between a high of $9200 and a low of way way down @ $8000! Don't take this the wrong way, we're as optimistic as the rest regarding the upcoming halving; but looking at this there would appear to be a clear range that (unless a big Breakout occurs) could drive the price all the way...
A 5-0patterns has set up for a ranging trading opportunity. I'm waiting for a 3-bar reversal to engage this trade.
ranging with large whicks, potential for buy ot sell, though a but seems more likely in the symmetrical wedge. Short term sell. longer term buy
A wedge has formed on the daily. seems like we are close for a breakout. On 15 min chart we see ranging, below the 50 and 20 SMA's. Likely to be a short. Wait for confirmation.
We are looking at GBP USD where a swap zone has been broken through with good momentum and a close above the zone. Bullish are looking to take us to 1.25 - however the market is slow thus far today. If price holds above the zone, then continuation will occur. Looking to short from 1.25 supply zone. Let us see what happens. Thanks, Team Lupa.
Given the volatility of the past few weeks you might imagine this uncertainty to continue, our current thinking is that ETH will be ranging between $170-190 for the next couple of weeks until early/mid May (Bitcoin's Third Halving). There may not be an immediate explosion there after, it may take some time to build momentum, but ETH, along with a host of...
A Bullish Bat pattern appears on a ranging market. Right now CADJPY does not have a distinctive trend. I will observe how the candle forms up to decide if I'm going to engage this trade.
Here is our outlook for NASDAQ today, expecting a retest of the zone before shorting again. Using the 30 min chart shows a good strong downward engulfing candle. And now a retest to exhaust the sells. Overall the trend is down so we will only scalp a pullback but pay attention to the key level highlighted on the retest zone.
CADJPY is in a ranging atm. Price came to daily demand zone (blue), broke and retested a newly formed 4hr demand zone (yellow). Looking for price to come back to 4hr demand and bounce off the refined 15min zones to look got longs. Also I will be looking for short as well incase the price doesn't come back to demand, I'll be looking to short around the 83.5/83.4...
While many traders see the bullish side of GBPUSD, I do see the possibility of a bearish movement. Introducing the ABCD Pattern. At Point D completion and with RSI at the Overbought area set in for a selling opportunity. All is needed is a confirmation candle that will set in at 10 am (+8GMT) to see if it will be a valid trade for me. Are you ready? I can't...
Hi Traders, The market is ranging between the resistance at 1.29750 and the support at 1.28100. Now the market is ranging between the two areas. We want to see a breakout: If the market breaks out higher, our TP-Levevl would be at 1.31700. If the market breaks out lower, our TP-Level would be at 1.25700. We recomment to trade the breakout! Thanks and...
Market has been ranging for couple weeks, could this be a sell ?
This past week I had an idea about a new way to tell when market is trending or ranging. This lead to the creation of this tool, which is stills on progress. Green dot represents when that day has been volatile, while the red dot the contrary. This is based on real-time data, so no lagging. While this is good, it also adds noise which prevents to measure the...