📉 Overview: GBPNZD is currently in a robust bearish trend, offering traders an immediate entry opportunity. Our analysis, grounded in DOW Theory, underscores the strength of the downward movement. 📊 Technical Analysis: DOW Theory principles highlight a consistent pattern of lower lows and lower highs, affirming the prevailing bearish trajectory. 📈 RSI...
Technical Analysis: Bank Nifty down by over a percent today, it led me to analyse its long term charts and what I see is not that great (P.S-I am not an expert) Let's start with the big question, is it forming a Rising Wedge? It clearly looks like plus it has tested the resistance for over 6 years now. Now talking about the weekly chart of bank nifty, it looks...
#DASHUSDT - Short Scalp Opportunity Entry Conditions: -Broke through weekly pivot -Impulse Signal -BTC looking weak -Flipped Trendline Support and retested -Testing Resistance -Failed to break out of RSI trendline
Bitcoin dropped 55% after the bearish Supertrend Ninja - Clean signal (red vertical line on the background). In a possible bearish scenario Bitcoin might possibly drop to 12,000 USD, completing wave 5 of the Elliot Wave (blue lines). Or in the worst case scenario around 5,300 USD according to Elliot Wave. Bitcoin is still in the Bearish Zone of the Ichimoku...
description in the note on the graph. please comment your perspective
I was supposed to drop this yesterday night but I got sleepy I guess. Bearish market ahead. Review of PA over the past few weeks with an update of where the markets are going. Do you agree?
Please see above analysis on USD/CAD. We are still monitoring this pair for our lower time frame reversal. We were watching today for a potential head and shoulders pattern on the 1 hour time frame however that did not come to fruition. Market is clearly being squeezed and we should hopefully see a bearish set up show next week. On the hourly chart we can see...
✅GBP_NZD is trading in a downtrend And the pair broke a horizontal key level Then fell down sharply Now, we are seeing a rebound and retest Of the supply area, and I am expecting A bearish reaction and a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
USDJPY - Potential Bearish Shark, Price rejected from the weekly supply zone. We've had a BOS to the downside on the daily TF (Red Line) Price has pulled back and rejected from the .886 filling all imbalances. I now expect price to break the DL. But I will watch PA and wait for better entries on the LTF! let me know your thoughts!?
EUR/USD remains pinned around the 1.1900 mark (1.1884-1916 range), awaiting further direction/influence, with the softer-than-expected ZEW prompting some modest unstained downticks. However look at the prior swings in correlation to the Fibonacci movements, we should expect some downside action over the next few weeks. Again, a choppy session thus far within a...
I hope that I'm wrong and we continue to moon town with Vitalik and Elon. Daily looking bearish, could retest some of the lower fibs before breaking to the upside of the descending triangle. Short on the way down, buy the dip and get a good entry on some almighty longs before we blast off to 10,000k usd. At the end of the day, a retracement like this wouldn't...
Again another great move from EURUSD since my last post. Further bearish momentum to be expected. The euro was slightly softer again but found support at the 1.20 handle. The situation in Europe is mixed, Italian political uncertainty remains, although former ECB President Draghi has accepted the task to form a government, he is facing push back from right wing...
Plain and simple technical analysis on this one. Aussie gleaned some support earlier in the week however the overall movement is controlling the the accurate destination targets long term. Which is set at 1.7200. Looking into next week, we should see moves heading south once again off the daily/weekly bearish moving averages.
While it is still possible that Bitcoin and the token market have made a false rupture and will return bullish, waiting such scenario is likely to be a 100% emotional response. The most likely fact now is a medium-term downturn of the entire cryptocurrency market. ETH could go first to its 150$ support, then to its 40$ support. Bitcoin is likely to go to its $3k...
Guy's this is a very brief update on this pair, we're still going long. SIT BACK AND RELAX!
bearish bat at the 61.8 fib level.... could of a hard push to the southbearish bat
On the EUR.NZD 4hr chart we have a potential short opportunity's at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 1.5749 & 1.5827 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618%...