Get started

Breakdown

EURUSD 4 hour chart breakdownAs you can see since Tuesday last week price has been in a nice 4 hour range forming liquidity both sides. todays price saw a very swift move on the sell side liquidity formed from that range. Now this could well be a start of a nice bearish move. OR it could just be a liquidity grab. Now my reasoning behind this thought is that as it stands 4 hour structure is still in place and currently being respected, as I have highlighted on the chart. i believe there is a lot of liquidity laying above the price of 1.6700 and until 4 hour structure is broken I would think that was the target, but if price breaks bellow 1.5700 in tomorrow's PA I would believe we are back in the bearish market. This is JUST 4 hour. All structure on timeframes bellow the 4 hour have definitely been broken so of course there is valid sell positions to be had. But I trade with Higher timeframe expectational order flow
by AarronWoods
#BTCUPDATE - 4.OCT.21 FAKEOUT & RETURN TO CONSOLIDATION#BTCUPDATE - 4.OCT.21 FAKEOUT & RETURN TO CONSOLIDATION A strong rejection at $49.2k brought the price directly back into the continued consolidation triangle and now back to awaiting which direction is going to be confirmed. Unfortunately an unfilled weekly pivot has a appeared that usually has a high chance of being filled - so it can be looking like a bearish break out at this stage. Some more positive news from the US government would certainly help sway things but right now not looking great. A break up of $48.5k will almost certainly take us to $50k and a break down of $47k can realistically take us to $45k. I would not be trading until confirmation of direction.
by Kryptochristian
1
WHETHER THE EUR/USD IS READY FOR A LOWER LOWEuropean Central Bank President Christine Lagarde noted that inflation expectations do not point to risks of prolonged overshooting, adding that the EU still needs an accommodative monetary policy stance. On the other hand, US Federal Reserve chief Powell said that “it's fair to say” inflation is more concerning than earlier this year, citing supply chain issues. He also repeated that they “have all but met” the test for tapering. On Wednesday, the EU will release the September Economic Sentiment Indicator, foreseen at 116.9, while multiple ECB officials are scheduled to speak throughout the day. EUR/USD traded lower yesterday to hit support once again near the 1.1676 barriers today in Asia. However, it has yet to confirm a forthcoming lower low since August 19th and continues to trade below 200-EMA, more importantly, below the downside resistance line taken from the high of August 2nd. Therefore, the experts' sentiment is that the short-term picture is negative. An apparent dip below 1.1676 will confirm a forthcoming lower low. It may initially target the 1.1600 zones, defined as a support by the lows of the end of last year, the break of which could carry more significant bearish implications. It could allow the bears to shoot for the 1.1400 key psychological area. On the upside, in order to start examining a reversal, the bulls would like to see a break above 1.1900. This will not only confirm a forthcoming higher high on a daily chart, but it may also confirm the break above the aforementioned downside line. The bulls may then get encouraged to climb towards the 1.2000 area or much higher to 1.2200. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
by legacyFXofficial
Ascending triangle formed, new support and resistanceGood morning to all my fellow ADA traders, we're in for a ride today given the current formation that developed over night. We will be looking at the 1H time frame today. Before we start I want to make some key points that could make it or break it for the upcoming end of week for Cardano. - Smart contracts release date on September 12, 2021 - Cardano summit September 25 - 26, 2021 - BTC is king, no matter how good an altcoin's fundamentals are, any move from BTC will impact the market as a whole and could be the driving force for future pricing to the upside or downside. - BTC has not made a clear move to the up side or down side after the correction on September 7, 2021 and could catch a lot of people by surprise given a further capitulation of the price. As we all know, the long awaited Alonzo system for Cardano has been on everyone's mind as a factor for driving the price up, myself included. I will say, with the BTC correction that happened 2 days ago most people are uncertain, it has definitely shaken out a lot of people which in turn has hurt the amount of investors in the crypto space. This is a little worry some for smart contract release date as the sentiment has changed a lot in recent days from extreme greed to now a neutral/fearful market based on the fear and greed index. Without further due, here's my analysis. There is a clear ascending triangle formation that has been created overnight, we are at a key point nearing the end of the formation. Looking at the RSI we can see a clear up trend being formed from the bottom, the only thing that worries me is the fact that we are approaching the overbought area as we are sitting currently at about 61 on the RSI near the end of the triangle formation. We would need a lot of buy pressure in order to continue this upward momentum which would follow into the overbought area, and even then we would meet resistance at the new found level that used to act as support sitting at $2.64. In the event we break the triangle to the downside, my new price prediction for ADA would be going back to $2.42 which in fact is actually the same level as the "golden pocket" on the Fibonacci. Any move to the downside that would break our new level of support would have us more than likely back up somewhere close to the $2.20 level and possibly even a retest of that level as a whole. The MACD is also looking a bit bearish in the short term as our beloved blue line is looking to cross over the signal line to the down side. We're at a key point in the price for ADA, no matter what happens remember to sit back and relax, think with your head, not your emotions. And so we come to the end of my analysis, thanks to everyone that has taken the time of your day to read this! I greatly appreciate it, starting to publish my work and I'm loving the TA aspect of trading. Cheers!
COINBASE:ADAUSD
by BinkyBucks
2