Bitcoin & March CPIBTC has shown clear price breakdowns from rising parallel channels across MTF's.
Following yesterday's ~7.5% pullback, BTC reversed with little momentum into a parallel channel that's now showing weakness.
Bureau of Labor Statistics publishes March consumer inflation today in 1 hour followed by producer inflation (PPI) tomorrow.
LTF bear flag reflected with corresponding price target within the defined zone, $36.6k between today & tomorrow.
Bearishmomentum
USDCAD Bearish momentumHTF -> The market has been moving between dynamic support and resistance and it has recently touched the top of the ascending channel and moved impulsively from it.
LTF -> The price has hit a support level, but because we are in a bearish trend, the probability of the market to continue is higher than it is to reverse... So what I am expecting from the market to reach from 1.26066 and 1.25872, before bouncing back, because it was a previous level that was rejected.
Be aware of the EU conflict at the moment... Even though this is not related to the EU, however, EU reacts against the USD which consequently changes all other USD pairs.
GBPUSD Bearish momentumHTF - Market touched the top of the daily expanding channel and it has been moving bearishly ever since.
LTF - Market is forming an expanding channel and since the market has been moving impulsively downwards, than I would expect if the market breaks the correction that is forming now to the downside, further bearish momentum would be seen.
Potential Shark Forming 🦈🦈US30 - Potential Shark pattern almost complete, i'm looking for price to push down to the next S/D, here we will probably see some rejection (But only to build liquidity so price can break this level then head down to the D point where I will be looking for reversals.
(I will scalp this both directions on LTF's) But HTF Bias this is where I'm predicting price heading.
Let me know your thoughts?
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
EURUSD Bearish continuationHTF - Structures received a false BO and formed a double top pattern and moved impulsively to the downside.
LTF - Market currently stuck in a correction continuation pattern, further bearish momentum expected, however, it is reaching the bottom of the HTF ascending channel, so further precautions should be taken if price impulsively moves up.
EURUSD Bearish reversalHTF - Price has been stuck in a descending channel since June of 2021 in the 4-hour TF.
LTF - Price has recently broken HTF structure but formed a weird head and shoulders pattern in an ascending channel, which indicates reversal, + price has moved impulsively inside the HTF structure adding confluences to momentum reversal.
Now the only thing we need to wait for is a continuation correction pattern in order to make a trade expecting further downside momentum.
AUDJPY Bearish biasHTF - Bearish impulsive move down, followed by a correction ascending channel.
LTF - Price has moved impulsively down twice, but now is forming an expanding triangle, and currently, in a descending wedge, I expect further bearish momentum, however, there's the HTF ascending channel barrier that needs to be broken followed by a continuation correction pattern, before we make a trade.
Potential Shark Forming 🦈🦈GBP/CHF - Potential shark pattern forming with the D point landing in a very nice PRZ for the Daily uptrend continuation OR we could see price break through the zone and continue the weekly downtrend, but we've had multiple BOS and bearish momentum to suggest price is heading towards the D point so I've taken a short here and will analyze PA if it reaches the zone and completes the pattern!
(Yes we have bullish patterns here too but i'm trading with the weekly Bias/momentum!
let me know your thoughts!
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Potential Shark Forming 🦈🦈US30 - Daily is bullish so I'm looking to trade the retracement before potential continuation, currently have bearish momentum and a nice shark that lines up perfectly with the .886 pullback (This zone also has lots of confluence for a HTF continuation.
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
BEARISH MOVE GBPUSD STRONG CONFIRMATIONHello
In this case we are looking bearish trending adn confirmation flow on both daily and four hour timeframe. This analysis is presenting very strong and powerfull momentum flow, because both timeframes connect at once at the same timing.
FLIPPING SIDE - Presents who has power on the market. At this moment we are count on bears.
Daily confirmation - when price broke ''flipping level'' first time, there was no momentum to be enough confident for sell position. When price broke second time '' flipping level'' that was still not confirmation we are looking for but just another fact we might falling in range mode. So we were not interested in potential move. We needed retracement.
As you can see from chart, price did a retracement from 1.34378 (second bounce from new LL) and closed below ''flipping level''. Because this type of confirmation is not clear, we were still not interented in trading GBPUSD. We needed more data and that happend at the last part when price broke recent lower low level at 1.34378 and stay below it for longer perioud of time. It is important that price stay below lower low level for longer time, because we do not have any clear retracement, that gives us any good fact for short position. Also you can see that price movement was slow these days untill today.
Today is a day when price gave us confirmation from a ''new daily territory''. Price holded position enough long below Lower Low level and important resistance at 1.33521.
4h timeframe - price is moving sideways, but bearish shots are getting stronger, which gives us bearish momentum power.
See also AudCad daily confirmation - bearish - previous analysis
BTC on sale? Buy opportunity o just OMICRON still pushing down? Today I woke up to find out that BTC was going down again. Since late November, we haven't seen a clear bullish trend. A lot of factors are related to this from my point of view. OMICRON, Black Friday, J. Powell... etc.
It makes me wonder, WHAT IS GOING ON? maybe it is just another chance to buy the deep.
It keeps fighting hard around the 50% FIB and the price is touching the 128 MA wish is a historically strong support level. Let's see what's going to happen.
I believe the bullish trend is still there, only we saw a few uncanny weeks with some bearish fundamentals, but our levels of support are still there, firm as always!
Potential Shark Forming 🦈🦈EURAUD - Very deep pullback on the weekly chart, price has tapped the weekly high so we're trading away from this zone assuming the downtrend will now continue, the highs may break but I feel price will drop before they do, we're following the potential shark pattern with multiple BOS on lower timeframes with bearish momentum.
Let me know your thoughts!?
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Potential Crab Forming 🦀Potential Crab, nice looking swing short to demand zone. Multiple BOS with strong bearish momentum
Let me know your thoughts!
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Bearish Signal in ROKUAfter touching its all time high, ROKU came down on profit booking and breached its support level of 360-75. ROKU has triggered Bearish crossover, Fast momentum is finally down now and steam for downward trend has been building slowly in this stock. Sell on Rise setup has been formed in this. If ROKU rises to 360-75, then it would be a very good candidate for Short selling or exiting if you are still holding long positions.
Short Sell between 360-75 with SL 375 or Short sell below 305 with SL 323.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
BTC looks ready to collapse (greed kills) bearish momentum Hello traders,
If you've ben following my last few posts I've been saying bitcoin was overdue for a correction/pullback of some sort and it's looking like shorts are starting to pile up.
Whales are short and the charts show, ignore the noise and everything you see others saying because 90% are clouded by their own emotions and aren't realistic with anything.
4 hour close below $45,130 and things likely pick up in speed.
10x longs get liquidated around $41,444 which is part of the reason it's my target if things do head south, also a great area of interest in terms of market structure.
Daily chart looks ready to collapse, it's been a while since we've had a multi-thousand dollar move to the downside and can feel something brewing.
Asian whales love to short and it's currently Asia's trading session.
All I'm saying is taking profit if you're long is never a bad idea, especially if you're using leverage.
The markets take back most of greedy traders profits 100% of the time if they aren't careful, it's just how the markets work.
Stay safe, and will post within the next 24-72 hours.
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👍
A Trend Continuation Trade On CADCHFHi Trading friends!
CADCHF has been pushing down the past few weeks. Last week a new lower low formed on the daily which indicates the sellers have control. Today price has closed a a bearish hammer which could stop price here and push it back down to the low at 0.71724.
It's all about supply and demand baby! Let's see of the sellers want the CAD 's value to continue to decrease.