GBPAUDGBPAUD is been in enormous bullish trajectory. Currently the pair trading at weekly high level and also created bearish divergence , will these confluences make the pair some retracement?
Bearishsetup
BNBUSDT 5% drawdown channeling H&S5% drawdown from the right shoulder of a Head and Shoulders pattern setup can be expected as drawn on this 15m chart. Price action in a parallel channel and downward impulse wave to fill the wave-iii. Chaikin Money Flown in a negative divergence as diving below zero plus Fisher transform 2H bearish crossing suggesting time correlation in 16h ahead.
BTC - Short Term PullbackAnalysis:
- Supply & Demand Zone
Opinion:
Price will return to previous demand zones before pushing up again
Bears will get excited again believing the bear market has continued
Sadly this will only be a short term pullback which will then lead to higher highs
Bulls be prepared with cash ready to go but for now bias should shift to short term short plays
Targets have been identified
CHFJPY | This could go down!!!We can see a divergence as it matures. We can expect a correction in the trend and take short positions.
Possible short on EURJPYHi! This is my first post, and do let me know if you think I'm wrong on any of this.
As we can see on the RSI indicator, EJ pair is curently very overbought.
Furthermore, we're facing a probability of a double doji close on 1h chart.
Currently, EJ seems very exhausted, and to me it seems like it is only a matter of time before it tests resistance at TP1 and TP2.
Whatever happends after, I do not know.
If you read this, please flame me in the comments, but do give a like (I really want to be able to use the chat function :))
Good luck!
CAD/JPY: short squeze to $95.14 JPYCanadian Dollar/Yen Japanese find up a resistance zone in the price that may to develop a drop that will extend to the $95.14 JPY. We forming a lower low using this downtrend line in H1 timeframe
Meanwhile, we have a nice setup that CAD/JPY forming a possible bullish rising wedge what we can to short now to $95.14 JPY and then entry to the bought zone in those level to following this model what I draw here.
I hope that this idea going to support you to short CAD/JPY in Forex market in this week.
Good luck!!!
Bearish for the next 2-3 monthsFeb is closing with a big red candle.
Looks like another 700-800 points fall in this Index is inevitable.
This is going to come down to the support line.
On a daily chart there are gaps at 5330-40 and 5020-30, where the first gap is already filled and waiting for the second gap to be filled.
BTC BULLISH CANAL BREAKOUT&RETESTEDThe bearish scenario for BTC comes into play, no one knows how fat it will be, anyway, if you've been long so far, congratulations and recommend taking money off the table. HAPPY DAYS . Below us is a value gap that cannot be ignored .. OK , the bulls made a higher high broke the bearish structure , but for growth it is necessary to make a higher low .. Especially don't take me seriously my short positions are relatively often wrong lately and later stopped .
D
Anyway, I want to look at LONG BTC , but this cannot be ignored .. we have a big value GAP under us, a lot of you are in long positions which is great , congratulations .. Protect your money is all I say. As I said before my short position, they are experiencing time ridicule from this market . Don't believe me and do your own research... GL&HF
CAD/CHF: Pending for next opportunitiesCanadian Dollar look in the possible neutral market that we can't to trade, but I believe that there're a lot bullish sentiment that the trend want to continue up. But, I'm take care what I see, because we could to see that CAD/CHF down a little to $0.6902 CHF, and then, in that yellow zone it's a smart point that we can to buy, another possibility it's that CAD/CHF weak in the resistance in $0.6912 CHF in this border and start a bearish trend, that we need to take time to definy where CAD go. But I'm preparing my trade plan in both scenario. So, price action it's very indispensable to take as knowledge. So, I will pending and keep away of this trade until definy one of this model that I show you.
Keep update here!!!
AUD/USD: Possible correction to watchAussie look bearish from this point, but after this bull trend. Aussie look a potential correction from this point toward yellow zone, what it's the smart point to buy, but institutional will make all possible to take a lot liquidations about long position. What you will need to take carefully, it's very surely that Aussie will experiment a correction to $0.7060 USD. a nice opportunity to short there.
Beware with long position!!! Wait a little more until I identify very well in the Sydney session any bearish signal there.
I will keep update this par, it's a nice opportunity to short!!!
USD/JPY: bearish movement toward $130 JPYU.S. Dollar/Yen Japanese look bearish in this side very clearly that could to continue drop following the speculating news that I share in my twitter.
We see as first two past bearish candlestick in H1 timeframe forming like a medium bearish candlestick with a down wick and a up strong rejection wick that formed,this it's a strong indication of the bearish movement. Now, use very wide the price action and they help you to define your trade. I will put a sell order limit in $131.92 JPY, Stop Loss in $132.60 JPY and take profit in $130.00 JPY. We have a potential to get 191 pips. This it's a risk/benefit of 1:3.
Tomorrow we have FED chair Powell speaks and Thursday we have U.S. Core CPI (DEC), in the past 2 month came bearish from November 2022 and we hope the following key points to watch here:
Speculating News:
1) Dollar has peaked but set for last hurrah as markets underpricing FED tightening
2) According to Goldman Sachs, U.S. Dollar has peaked , but economist believe that in the coming months before resuming a steeper downtrend as Federal Reserve done for longer rate and isn't yet priced in.
3) A note from Goldman Sachs comment that Dollar isn't likely to revisit the September 2022 highs, after that Dollar has peaked. But it's still likely to experience some phases of strength in the nest 3 to 6 months.
Good Luck!!!
Ethereum: bearish channel flag!!!In this moment, we can't to trade Ethereum as we don't know what will happen in both sides. But taking an idea. we can to develop our trading plan for Ethereum price.
In H4 timeframe we're using both perspective that may to happen. Bullish case will be when Ethereum make a pull back in the grey zone and confirm it with a bullish candlestick signal, but with taking caution that we're also in the yellow resistance and smart zone for institutional where in bearish case will convert a market trap and cheat us long position to be liquidated. For that, a bearish case has a lot chance to occur following the purple arrow model that I drew here. And also a bearish channel flag in this case. So, in Daily timeframe still bullish by price action signal, but it's important to take both perspective. But based in what I see, I'm watching with carefully a bearish signal and price action that may to occur in this range that Ethereum develop
I will update this par, as I will take a Day Trading in this par.
EUR/GBP: short positionIn this 2nd analysis, EUR/GBP still bearish in H1 timeframe. But if you watch the 45 minutes timeframe, you can to see that it's more bearish. But this it's a good opportunity to short EUR/GBP now.
Trade Information:
1) Entry Price: £0.8814 GBP
2) Target Profit: £0.8836 GBP (21 pips)
3) Stop Loss: £0.8764 GBP (50 pips)
4) Risk/Benefit: 1:2
Good luck!!!
EUR/USD: Bearish expectative to reach the key level in $1.0440In this analysis, we see that Euro look in the bearish side, but I will going to explain each timeframe what happen here.
In daily timeframe, we see very clear that Euro/U.S. Dollar break up the EMA 200 and market structure indicating a bull market incoming. Based in this clue to trade to long in swing trading.
But if you're analyzing the H4 timeframe, it's unlike probable that Euro doesn't forming any bullish channel or market structure as it's very clear that we're in the correction yet in H4 and H1 timeframe to reach a new lover to $1.0460 USD. But there're not some bullish signal for this timeframe and H1 too.
But now, we see a bearish side that we can to get this opportunity to make this trade in January 2023.
Trade Information:
1) Entry Price: $1.0558 USD (Buy Order Limit)
2) Stop Loss: $1.0609 USD
3) Target Profit: $1.0440 USD
4) Pips: 117 pips
USDJPY SELL!USDJPY is showing a strong bearish sentiment on the weekly and daily charts , heading towards the next support zone of 126.137. On further inspection is a downward parallel channel on the 4 hour chart . Price recently reached the diagonal pivot line of the parallel channel and got pushed down . Recently, price retested that pivot line and is now ready to continue the downward move ! For now , my Target will be the lower limit of the downward channel i.e. 127.8 !
Ethereum: New Update!!!Ethereum doesn't climb as I expect, but the price action it's tell us that we see now a drop toward $980 USD. But, taking action that we're forming a new chartist pattern called bullish rising wedge in Daily timeframe here:
But now, I've taking a perspective that this could be another opportunity to buy in the best zone lower. Based my opinions.
But in lower timeframes like H8 or H4 timeframe, we see a drop formation and we broke down this bearish channel flag that I'm watching now. So, I put a sell order place a little up of the price live in $1.202 and SL to $1.276. My target will be $980 USD.
Good luck!!!
AUD/CAD: A range formed!!!Australian Dollar/Canadian Dollar it's in the range formed as the past symetric triangle fell, but Aussie still bearish what I hope a bearish return from this smart point. What I was shorting AUD/CAD from $0.9142 CAD, but I decide to short from $0.9177 CAD as hit my break even and loss only 31 pips. But not bad, as this trade it's only developing a possible drop and change of trend that I come say here.
We're in this range and the symetric triangle may to make some changes in the update, but we see that we're in the smart point to sell hee.
Another expectative could be a possible formation of the ascending triangle in H1 timeframe, but I don't believe in it that AUD/CAD will climb up as we broke down the trend.
Good lucl if yuu follow my my indications in AUD/CAD!!!
Cardano: Sell off toward $0.21 centsADA still in the downtrend and appear that bears are taking control in this trend. what ADA price it's around $0.25 cents, and based in H8 timeframe, we see a potential short toward $0.21 cents. The H4 still bearish and H8 too. What this it's a great opportunity to sell ADA based in price action.
Meanwhile, if we closed up with a bearish signal in Daily candlestick, this could to mean that ADA will drop in the next couple days in this market crash.
I hope that you enjoy to trade cryptocurrencies to short position.
Good Luck!!!
GBP/USD: Sell point in the order blockGreat Britain Pound/U.S. Dollar look an interesting trade that we can to take it. But, we can't to take decision fast as before, we need to take cautious to analyze the chart and how the movement will develop it.
So, in this timeframe I'm watching 2 important levels: $1.2058 USD and $1.2080 USD to take a possible smart zone to sell Pound/Dollar.
So, in case that GBP/USD overpass the level $1.2058 USD, we can to see a liquidation and market trap until the next level $1.2080 USD, what this mean that amateur trader may to take long position believing that this par will take long toward $1.2150 USD. But that will not the case, as this could be manipulation, liquidation and market trap created by institutional like big banks investing in Forex.
Pound still bearish in the bearish channel formation what may to drop significantly.
Good luck1!!
BTC/USD: Waiting for short positionIn this H8 timeframe, as I make this analysis, we see a nice position to short and we should to hope in the next hours to develop their movement until $17,300 USD approx. and see if this it's a good zone to short Bitcoin. What I advice you to hope that the price develop their movement and find up a smart zone to short. Also, another way could be that Bitcoin overcross the expectation that I fix and trying to reach the $17,700 USD approx. and then, forming a cheat in the market, this it's another smart zone using horizontal line that I draw here.
Good luck!!!
This it's the Daily timeframe to take this overview there!!!
Bitcoin: Weekly Overview!!!Bitcoin still in this downtrend and the price still in the range of $16,800 USD what bears are taking control in this trend and also, this it's a nice opportunity that price speak us that investor keep with this bearish sentiment.
So, we could to trade in swing trading and short Bitcoin from this timeframe if you want or analyzing big timeframes like Daily timeframe and H4 or H8 timeframe.
H4 and H8 timeframe are better timeframe if you trade over Day timeframe strategy. But it's a nice setup that I'm very clear with this perspective that price it's been leading to make a new minimum around $12,365 USD- $13,523 USD.
If you buy in this range, this could be a good strategy to starting to accumulating Bitcoin in this opportunity that Christmas season give us .
EURAUD - SHORT BIASLooks like a H & S has formed on DTF and on 4TF Expecting some bearish action to downside this week. Thoughts?
