Brace yourselves! The chart is a crystal clear warning siren for an impending crash in the Bitcoin market. What we're seeing here is the textbook setup of a Wyckoff distribution phase, a manipulative masterpiece played out by the smart money to trap unsuspecting retail investors before the rug is pulled.
Phase A was just the smart money dipping their toes,...
NZDUSD could be setting up a completed bearish bat, 4 hr chart. That level retests previous structure, and with possible RSI divergence on the daily chart, a possible double top for a longer term short
Some possible confluence suggest CHFJPY could possibly short around the 168 area. A potential Gartley pattern on the daily/4 hour chart. Equal measured move/ABCD daily/ 4 hr. Even handle number at 168 even. Testing previous highs. Overbought RSI daily, so possible divergence. Could be a nice area to look at for a shorting opportunity.
EURAUD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 1.6500 followed by 1.600 region.
What you guys think of this idea?
Is GBPNZD exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 2.02 level
What you guys think of it?
XAGUSD is repeating the same pattern.
In late September silver created the same pattern , formed strong support level and once loss that support , there were some red days for silver bulls.
Now silver again forming support zone in same area of value, if it again loss this level, then are we expecting red days for silver again ?
USOIL is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level.
If the sell momentum continues the next target could be 80 followed by 79 region.
What you guys think of this idea?
Don't forget to share your idea.
A nice and simple bullish structure opportunity here on the GBPJPY as price comes back to retest a recent level of structure support.
If you have any questions or comments about the idea, or if you just want to share your own views, please leave it in the comment section below.
Akil
AUDCHF is trading in descending parallel channel and break through Support and closed below this zone. now the price perfectly retesting the broken level
Will the sellers attack again and send the price to below 0.5570 level?
What you guys think of this idea ?
KSMUSDT is trading under the declining in descending parallel channel and break through Support and closed below this zone. now the price perfectly retest of broken level
Will the sellers attack again and send the price to below 15 level?
What you guys think of this idea ?
It is crucial to have a good grasp of how to interpret the market before making any trades.
Although the current pound dollar movement leans towards bearish, the weekly chart indicates a positive trend.
To capitalize on this, trend traders should sell, while counter-trend traders can take advantage of a shorting opportunity at 1.2317.
The buy zone lies...
EURAUD is trading in descending channel and printing consistent LLs LHs. Currently the price is broken the important support zone then any retest of broken level will be another sell option.
If the sell momentum continues the next target could be 1.6550 region.
What you guys think of this idea
GMXUSDT is trading in bearish channel and smoothly following technical pattern of break and retest of structure. currently the instrument is retesting the broken support level and seems like it is getting ready for another sell off.
---X--- : Potential reversal
square : demand and supply
The analysis is based on ORDERFLOW.
The trend structure in H4 is bull , so we are going to entry long positions before becoming bear .
We could identify some demand and supply zones by orderblock regarded as a large-scale buy or sell zone .
It was mentioned above , the trend is a going up , therefore we...
