NZDCAD the next thing I’m looking at next week is .... short selNext week I will pay attention to this pattern of movement ....
There are many confirmed clues:
-fibo between 38 and 50
-round number
-support lines
-trend area
if the price breaks through my area and goes towards 100 sma I will treat the trade as a powerless area and I will not trade.
If the price bounces i will pay attention to candlestick bearish reversal patterns and watched to sell in 1h graph...
4hrchart
GBPCAD Short Opportunity4HR OB - 50% remains fresh and untouched.
1HR OB - 50% remains fresh and untouched.
Trading Plan:
1) Set Price Alert
2) Wait for rejection confirmation in candlestick patterns
3) Wait BOS
4) Break down into smaller timeframe like M15 and set Pending sell limit order.
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Alternatively, QML is another short entry setup.
However, this QML is not that typical in structure, hence, assuming the probability is not high.
THE 4HR 200MA DUMP + A NEW ATH PRINTED AFTERWARDSThis data I have only pulled from about year back. I actually stumbled upon the information one day when I was doing a top down analysis on SPY.
Studying data at least from JUN of 2020 until now, using the 4hr chart in combination with the 200MA. I begin to notice a pattern that was occurring. The market seemed to dip in the 3rd week of every other month back to the 200MA.
The sell offs aren't really surprising being that market will always correct. What's unique is the "behavior pattern" that it/we showed quarter after quarter. We get sell off into the 200MA, it chops around, then by the 2nd week of the following month, we get a sentiment change and a bull run. The market historically has printed a new ATH every time.
This theory once again played out today as of OCT 25th 2021, SPY put in a new ATH. With this run starting roughly two weeks ago.
I timed it perfectly and made some nice profit over the last few weeks. My biggest trade actually was #PINS(Pinterest), I banked 497% on that play. I grabbed a 57.5 call with an entry at 53. price eventually broke out & pushed to $66.
Trades like that can happen, especially when the entire market is overall bullish. Moving forward, try to keep a mental clock of where we are during each month in comparison to where the market is trading. Could save you a headache or 3.
BTC Bearish Divergence in 4H ChartSeems a bearish divergence in 4H chart, i'll be looking for my entry zones after the retracement.
After this cycle we might be reaching to ATH
Red Ellipse: Buying zone
Green spot: Last Trade Bought
Blue Spot: last Trade Sold (11% Gain)
Not Financial Advice
my tought... my wishes
BTC rising wedge can be seen currently a rising wedge can be seen in a 4hr chart, the resistances are coming in around 50450 to 50790, if breaks the resistance line then the technical price will be coming in around 55400 and the supports are coming at the range of 49125 to 49650, if breaks down the support line then the technical price will be coming in around 44500.
Iota - USDT Every day starting with charting!1hr View
It has had a few good runs so have used it to day to mark out my support, resistance and trend lines.
Every day starting with charting!
Purple rectangle - 1 day
Yellow - 4hr
Green - 1 hr
IOTA kicked away from descending wedge and went bullish - Parallell Channel represents this.
Needs to break resistance at 1.05 - you could look to trade the channel and take it to 1.10
The next interesting session will be bouncing between 1.05 (if becomes support) and 1.10
If 1.10 becomes support 1.20 is the next point of resistance.
Feel free to pass on any feedback on my analysis.
LINKUSD 4HR UpdateLINKUSD has bounced off of a critical area and is looking to break out of a descending parallel channel and reclaim the 55EMA. If we can do that I will be bullish. As it sits I am neutral until the reclamation happens. If BTC can behave and start to range between 36/38k then it should be time for LINK to make back its' gains of the last week.
My bet on silver that wallstreetsilver movement will succesed.Charts show us on monthly and weekly candles clear bullish signs. Daily is a bit trading range from bigger picture. Anyway on 4H graph i marked the Fibonacci levels and daily plus 4H fibs. extensions, match on the same price. That price is a 27. In such conditions on the market i will place another limit order at price 26.550. My trade is based on probability that Silver will sooner reach price of 30 before we fall to 25. Although I personally believe that silver will this year break that 30 lever mark, mainly due to rising inflation and that movement Wall Street Silver. I highly recommended Wall Street Silver youtube Channel or Arcadia Economics for more information about silver market,miners.
Resume Bullish Trend and potential correction bearish There was a false breakout circled in RED . My previous analysis has proven to be wrong, so this is an updated analysis.
It is interesting to see the price has broken out and closed above The First Resistance Zone
Now we can look out for bullish movement toward Fibo 1.5-1.618 between the price of 1.57385 and 1.57636
MACD Cross-over occurred and now passed above the zero-line + Aroon Down is crossing upward as a double confirmation signal
Once the price has reached there. We can expect Correction Bearish Trend to The Baseline (Kijun-sen: Cyan line)
and potentially reach trend line drawn refer to the false breakouts indicated by Dotted Purple Arrow
Anyway, I still believe that EUR/AUD is in long-term BEARISH TREND due to Weekly Timeframe reading.
Thx for reading and welcome all opinions.