This will only be a technical analysis. The Chart seems to shows us a "M" pattern that is spreading among the time. If this was true, we would be in the down side of the "M" pattern and would bring an opportunity to make a long position. Furthermore the RSI is pretty low, this comfort a long trade signal. Position settings Entry Price: 0.07717 ...
Price recently broke the level of resistance and is currently testing new highs. I will not look for a buy unless price makes a pullback and creates a level of support, or starts to reject the 50EMA (purple line). A rejection (candle wick) from the 50 EMA will provide confirmation for a bullish continuation. No buying opportunity without a retracement! Not...
The Vulcan Forged Price responded promptly to the news, as you would anticipate. The SPY token lost over 30% intraday prior to ricocheting to $22.00 (- 18%). Be that as it may, regardless of the bounce back, selling tension might continue when US brokers arise today. The most significant risk for longs is on the off chance that the value breaks underneath the...
Potential set up on AU, could see around a 50% retracement back to fill the imbalance before a push up from arround 0.70750 ??
Disclaimer: Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions...
GJ analysis done for tomorrow's trading day (24th November). NOTE: This analysis is done daily - pre-asian session. for the next trading day (LONDON-NY Session)
GOLD ( XAUUSD ) analysis done for tomorrow's trading day (24th November). NOTE: This analysis is done daily - pre-asian session. for the next trading day (LONDON-NY Session)
At prestent I am waiting for price to show me what it wants to do. After yesterdays big impulse move we had a 50% retracement Then today we continued the move to the upside during asian session then consolidated for the rest of the day I am now looking for price to break out to the upside or retrace and fill the imbalance and continue to the daily zone
Per last video (see "Link to Related Ideas" below) our target has now been reached. Congratulations Traders! - Stewdamus
Fundamentals Succumbing to the global policy unwinding pressure and rising inflation fears, the RBA's dovishness led to the AUD sell off against the USD. The drop is cushioned by the decrease in volume as traders wait for Fed's FOMC meeting this week. Trades expects the Feds to announce taper during the meeting this week. Technicals We are essentially waiting...
Fundamentals EUR(Bearish) ECB unlikely to raise interest rate in 2022 despite high inflation of 3.4% says medium term is still subdued, unlikely to meet conditions for rate hike. Discouraging European Data German Sales down, Industrial Production down, but PPI jumped to 16.0% (hinting inflationary pressure) USD (Bullish) Feds announced $15 billion per...
#TLRY - Green DOA sniper and meter are firing on Daily chart We should see a breakout at this wedge before EOW
Shiba Inu has been a range market since June this year. The market bulled up after its listing on the coinbase platform to 0.00950 but couldn't break above the resistance zone of the range and came back down to 0.00674. BINANCE:SHIBUSDT It's obvious the Shiba market is waiting for Bitcoin to make a move as the market seemed to dip at every point BTC dips and...
Possible intraday setup for EURAUD if trade will maintain to reject at invalidation level then trade will be valid to take
Ethereum is trading at around $3000, at the time of writing this analysis, which also acts as an immediate support level. It tried to break the resistance at $3300 but failed, however, it has been accumulating between immediate support and resistance level to see the next move upwards. I am using On-balance volume (OBV) which is a technical trading momentum...
The AUDUSD has completed its Wave Structure to the downside on the daily chart, this makes the Aussie bearish from a Long Term point of view. As we know, after an impulsive wave, we should see a corrective wave that has already started. We are shorting this from an Intraday Short Term basis, looking for a medium-term Buy position from 0.7263 area which corresponds...
Quick update as I expect to see price now make that continuation back to the downside... the importance is obviously limiting that risk so got taken at break even last night but even better confirmation for entry today.
UPDATE ! UPDATE !! UPDATE !!! Guys, we are currently treading on inverse H&S ( Head And Shoulder ). What that means is breaking to the Upside . As I said in my last analysis, BTC did a significant drop from the Parallels channel and recovered to form a nice Inverse H&S. Price Target : $48k - $49k This is on the 1Hour chart. We will be back for...