EUR USD Sell Continuation Setup EUR USD has formed a bearish break and retest pattern that also align with the 0.618 - 0.50 Fib Retracement level signaling a continuation of a downtrend.
EUR USD for sell ?
Breakandretest
Micron Technology - Fully Resisting The Stock Market Crash!Micron Technology ( NASDAQ:MU ) is one of the few bullish stocks:
Click chart above to see the detailed analysis👆🏻
Despite the stock market kind of "crashing" lately, Micron Technology is one of the few stocks which remains in a rather bullish environment. Following the uptrend, the bullish break and retest and the beautiful cycles on Micron Technology, this strength will soon become reality.
Levels to watch: $90, $180
Keep your long term vision,
Philip (BasicTrading)
CAD JPY BUY Trade Setup 2 hour timeframe On the 2 hour timeframe CAD JPY has broken a key structure level forming a Higher high and higher low uptrend pattern, we need to wait for a retest of the higher low level for the completion of a Bullish Break and Retest pattern, also this level align with the Fib Retracement zone 0.618-0.50
Entry will be based off candlestick confirmation on the retest level.
Patience Patience ⏰👌🏻
Dogecoin - New All Time Highs Will Come!Dogecoin ( CRYPTO:DOGEUSD ) still remains bullish:
Click chart above to see the detailed analysis👆🏻
If you look at the chart above, you can see almost only green mark ups. That's because despite the recent drop, Dogecoin remains in a very bullish market and is overall clearly heading higher. If this break and retest now plays out, we will even see new all time highs in the future.
Levels to watch: $0.2, $0.5
Keep your long term vision,
Philip (BasicTrading)
Amd - Please Look At The Structure!Amd ( NASDAQ:AMD ) is about to retest massive support:
Click chart above to see the detailed analysis👆🏻
For about 5 years Amd has been trading in a decent rising channel formation. That's exactly the reason for why we saw the harsh drop starting in the beginning of 2024. But as we are speaking, Amd is about to retest a massive confluence of support which could lead to a beautiful reversal.
Levels to watch: $100
Keep your long term vision,
Philip (BasicTrading)
Ethereum - Watch This Massive Support!Ethereum ( CRYPTO:ETHUSD ) is weak but testing strong support:
Click chart above to see the detailed analysis👆🏻
The entire crypto market is currently not able to stop the bleeding and also Ethereum just dropped another -20% over the past three days. It might seem like a horrible scenario but overall Ethereum is still in a bullish market. Just watch the final confluence of support now.
Levels to watch: $2.000, $4.000
Keep your long term vision,
Philip (BasicTrading)
GBPNZD Bullish Continuation - Will Buyers Push Toward 2.28000?OANDA:GBPNZD is trading within a well-defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish impulse suggests that buyers are maintaining control, indicating a potential continuation toward the upper boundary.
The price has recently broken above a key resistance zone and may come back for a retest. If this level holds as support, it would reinforce the bullish structure and increase the likelihood of a move toward 2.28000, which aligns with the channel’s upper boundary.
As long as the price remains above this support zone, the bullish outlook remains valid. However, a failure to hold the support zone would invalidate the bullish scenario and open the possibility for a deeper pullback toward the channel’s lower boundary.
Remember, always confirm your setups and trade with solid risk management.
Best of luck!
Bitcoin - The Uptrend Remains 100% Valid!Bitcoin ( CRYPTO:BTCUSD ) can create a textbook break and retest:
Click chart above to see the detailed analysis👆🏻
Over the past couple of weeks we have only been seeing a consolidation on all cryptocurrencies, governed by the slow movement on Bitcoin. With today's drop Bitcoin is now approaching the previous all time highs, which are now acting as a major support, pushing price much higher.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
Dogecoin - The Final Break And Retest!Dogecoin ( CRYPTO:DOGEUSD ) is confirming the final retest:
Click chart above to see the detailed analysis👆🏻
After we saw the textbook retest of the previous all time high about three months ago on Dogecoin, so far we also saw the expected correction of about -50%. However Dogecoin is about to confirm the bullish break and retest, which eventually leads to a parabolic rally and new highs.
Levels to watch: $0.2, $0.5, $5.0
Keep your long term vision,
Philip (BasicTrading)
Alibaba - This Chart Is Pretty Beautiful!Alibaba ( NYSE:BABA ) is perfectly respecting structure:
Click chart above to see the detailed analysis👆🏻
With a rally of about +80% within a couple of weeks, Alibaba is clearly showing signs of bulls completely taking over. This pressure was not unexpected though after we perfectly witnessed the major trendline breakout a couple of months ago and a retest of the confluence of support.
Levels to watch: $140, $110
Keep your long term vision,
Philip (BasicTrading)
Amazon - Catch The Parabolic Rally Now!Amazon ( NASDAQ:AMZN ) will start the parabolic rally:
Click chart above to see the detailed analysis👆🏻
Just a couple of months ago, we finally saw the expected all time high breakout on Amazon. Following the overall governing rising channel pattern, I simply do expect the acceleration of the current rally, the creation of a parabolic rally, but maybe we will see a bullish retest first.
Levels to watch: $180, $400
Keep your long term vision,
Philip (BasicTrading)
GBPNZD Maintains Bearish Momentum - Is 2.23800 the Next Target?OANDA:GBPNZD is trading within a well-defined descending channel, with price action respecting both the upper and lower boundaries. The price has broken below a key support zone and has now pulled back for a potential retest. This level previously acted as support and may now turn into resistance, aligning with a bearish continuation.
If sellers confirm resistance at this zone, the price is likely to move downward toward the 2.23800 target, which aligns with the lower boundary of the channel. However, a breakout above the resistance zone would invalidate the bearish scenario and could open the door for a stronger bullish reversal.
Remember, always confirm your setups and trade with solid risk management. Best of luck!
EUR USD Trade Setup 4 hour timeframe EUR USD has formed a break and retest pattern on the 4 hour timeframe turning support into resistance.
So we will be looking for selling opportunities from the lower timeframe'
US DOLLAR: Sell Opportunity after support breakTVC:DXY has broken below a key support zone, indicating a potential shift in momentum. The price is now retesting this zone, which previously acted as support and could serve as resistance, aligning with a potential bearish continuation.
If sellers confirm resistance at this level, the price is likely to decline further toward the 105.800 target , which aligns with a major support level. Conversely, a breakout above the zone could signal further upside.
Before considering short positions, look for bearish confirmation signals such as bearish engulfing candles, strong wicks rejecting the resistance zone, or increased selling volume.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
USDCHF Confirms Rounded Top ScenarioOANDA:USDCHF is exhibiting a Rounded Top Pattern suggesting further decline is coming
Price is currently Breaking Confirmation of the Pattern
- RSI Below 50
- Bearish Volume Building
Waiting for a Break and Close to Validate a True Breakout
Once Validated, we can look for a Break and Retest Trade Set-up for Shorts from the .898 Area to take down to the Range Target ( .892 - .891 )
Bitcoin - Just Objectively Look At The Chart.Bitcoin ( CRYPTO:BTCUSD ) remains very bullish lately:
Click chart above to see the detailed analysis👆🏻
Many traders are actually calling the top on Bitcoin but if we objectively look at the chart, situation is entirely different. First, Bitcoin just broke above the previous cycle high with a massive candle and second, we still have a valid rising channel acting as a major support.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
NZDCAD sell setupOANDA:NZDCAD Overall bias on NZDCAD is bearish, entry is based on the 4H bearish engulfing at the Daily AOI around 0.80976
AUDUSD sell setupOANDA:AUDUSD
Overall bias is bearish, with the previous Daily candlestick closing below the Daily AOI, currently awaiting a retest to the DAILY AOI around the price of 0.62400 to look for sells with entry signals/confirmation of course
Cardano - The Historic Rally Of +700%!Cardano ( CRYPTO:ADAUSD ) perfectly repeats the previous cycle:
Click chart above to see the detailed analysis👆🏻
Cardano perfectly retested a major horizontal support in the beginning of 2023. Recently we then saw the break above the neckline of the double bottom formation and a rally of about +400%. Cardano is clearly repeating the cycle of 2021 and a potential rally of another +700%.
Levels to watch: $0.7, $6.0
Keep your long term vision,
Philip (BasicTrading)
Tesla - Elon Is Playing The Charts!Tesla ( NASDAQ:TSLA ) is perfectly respecting structure:
Click chart above to see the detailed analysis👆🏻
Two months ago Tesla perfectly retested the previous all time high resistance and closed with a massive rejection wick. This means that a correction - which is currently happening - is expected and after the bullish break and retest, we will then finally see new all time highs.
Levels to watch: $280, $400
Keep your long term vision,
Philip (BasicTrading)
CAD JPY Entry Setup 30 mins timeframe.CAD JPY has formed a bullish break and retest pattern that also align with Fib Retracement level.
Now we wait for entry confirmation.
Xrp - Market Structure Is Just Super Bullish!Xrp ( CRYPTO:XRPUSD ) is still 100% dominated by bulls:
Click chart above to see the detailed analysis👆🏻
With the massive +650% rally over the past couple of months, Xrp perfectly broke out of a long term ascending triangle formation. We already saw a retest of this previous resistance which is now turned support and Xrp is now simply starting the continuation of the bullish rally.
Levels to watch: $2.0, $4.0
Keep your long term vision,
Philip (BasicTrading)
NZDCAD Buy setupOANDA:NZDCAD Overall bias on NZDCAD is bullish. Entry is based on the 4H bullish engulfing at the Daily AOI, with the 4H simultaneously rejecting the 0.81654 Daily AOI area.
