Nzdcad sellPrice broke support 0.08350 after coming down from a double top on the daily tf. price retested 0.08350 and ended the week with a strong bearish candle. im expecting price to retrace to the 0.5 of the whole up move. 1.5 rr
Buy-sell
Audcad SellAudcad is heading downward after rejection of 4hr. Head and shoulders pattern seems to be in play in a bigger picture of things and the current bearish pressure is coming from a 3 top rejection of the trendline. 2:1 RR
Euraud BuyPrice just broke trendline on 4hr time frames and appears to be making bullish structure. All 3 emas are gapped and flowing in the same direction. 2:1 RR
Usdjpy BuyUsdjpy is in the zone 132.5-136.9. price has been destroying resistance and seems to be making its way to the top. a break and close above 135.5 is a great confirmation of a buy since it will be also breaking the current trendline. risky sell since it is at the top of the trendline but since it just broke the last higher high with a strong bullish candle i feel it is a bullish market still
nzdusd sellprice has obvious bearish structure. nzdusd made a head and shoulder pattern and created the head which rejected off the last lower low 62500. price broke the head and shoulder patterns and seem to have just retested before continuing the head and shoulders pattern. price may create a double bottom at 62000 and go up. i aimed for a 1.5 rr to be safe
Eurjpy sellquick sell. price is coming out of a rising wedge. price did break 142.800 which was last major resistance so it may just be coming back for a retest. 1:1rr
EJ Sell EJ broke out of the rising wedge and retested support 142.9, it made a bullish candle to the trendline of the wedge but it acted as resistance resulting in a large bearish candle. bullish strength may still be there not at the moment
AudNzd BuyIf AudNzd creates a doji at this 50 ema then i expect price to head upwards in direction. the 50 ema is acting as strong trendline. Price also just bounced off the weekly 618 fib retracement line. We may see some activity around this around before making its move.
CHFJPY I Short and bullish continuationWelcome back! Let me know your thoughts in the comments!
**CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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ABNB Airbnb Options Ahead of EarningsAfter my price target was reached:
If you too have an Airbnb I think you noticed how your bookings declined YoY.
That will be reflected in the company`s earnings as well.
Now looking at the ABNB Airbnb options chain ahead of earnings , I would buy the $105 strike price Puts with
2023-7-21 expiration date for about
$11.15 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
The longer timeframe allows me more flexibility in case of a small rally after the CPI report.
Looking forward to read your opinion about it.
NASDAQ Top-Down analysis! (Long Bias)Hello all!
NASDAQ is moving sideways currently. I will look to buy this pair to the weekly Supply zone marked. But for now, I have a POI in mind to take a LONG position from..
There is a lot areas with EQLs and EQHs on this pair, with imbalances sitting below the EQLs (Like shown)
Let's see!
Take care!
EURUSD BUY WAITINGHere is my thoughts on EURUSD
IMBALANCE... is clear as day, price needs to fill this zone, so weather it happens today or next week, I'm expecting price to pull back down to the zone marked ... then I will need to see some bullish momentum ... that when we can scale in our buy position... please as always let me know what you think, do you have a different look on the charts, I would love to hear ideas.
Trading Idea - VW/PORSCHE Pair Trade Pair Trade:
#VW (Vz) LONG
#Porsche SHORT
VW and PORSCHE have a correlation of 84%. Reason enough to try out a pair trade. Currently the values have drifted apart by approx. 7%!
Porsche is currently performing better (relatively), which means a SHORT signal. VW, on the other hand, is lagging somewhat behind!
Midweek Market Review: Jan 23 - 27,2023Hey everyone, so this week has been very interesting. Although we had a few trades lined up on Monday, we only managed to get a pending order set on one. In this weeks midweek review, I share my thoughts on the overall movement of price so far this week. Currently I am flat on my account, (I have no trades running), but hopefully we got some of the pairs on watch coming together to offer some amazing opportunities. Furthermore, I hope and trust that you are all having an amazing week, and will continue smashing it closing this week off in the black.
Until next time, you should all keep well, and bye for now.
HOW TO BUY THE DIP- What is considered the bottom for a coin?
- How to identify the bottom?
- What technical analysis tools to use?
- What are the fundamental prerequisites for the bottom?
What is the bottom for a crypto asset?
The bottom is the lowest price level of a crypto asset, after which the price of this asset is expected to rise.
The bottom is not always an absolute measure for the entire history of the existence of an asset, but can be calculated for a certain period: a year, a quarter or a month.
How to identify the bottom
Each trader has his own set of tools to determine when to buy an asset.
Here are some of the most clearest signs to each of us:
There is a protracted flat with the upper border breakdowns
The movement occurs in a strong support zone and is accompanied by high volumes
The order book contains big bid checks
Good news on the market or the project
The price is lower than the sale price (ICO, IEO, IDO etc.)
The bottom we search for is not a new all-time bottom
Protracted flat with the upper border breakout
If you observe that for a long time: 2 weeks, 1 month, - the price is at the same level, while occasionally trying to “break out” up, that is, the resistance line is broken, then this is in 90% of cases - the impulse to the rapid growth of prices.
However, if the breakout is more often than just the support level, then get ready to test a new bottom.
Strong support zone and high side volumes
Determine that there is a strong support zone at this level, that is, it met more than 3 times on the chart for the period under study and is supported by good horizontal volumes (Volume indicator).
Display the VPVR (Volume Profile Visible Range) indicator on the same period on the screen and evaluate whether the maximum vertical volumes for the selected period are at this level.
Big average checks
If you observe volumes above average with a “small” candle body, then there are purchases at the same price for a large amount.
This may indicate "big checks" or high market density.
To confirm the existence of “big checks”, you can refer to the order book and make sure that there are real bid orders for large amounts.
Fundamental prerequisites
As an extra springboard from the bottom, news resources can:
Issue positive analytics from experts on this asset
Record the activity of major players - funds
Report new technologies that have been released or are about to be released by the project
Share the conditions for large investments in the project by large funds, etc.
Price analysis for IDO, ICO and Private Sale
If the project token or coin appeared on the market following one of the popular types of crowdfunding: ICO, IEO or IDO, the most popular one, then you need to compare the Public Sale price with the current price.
If the current price is below the Public Sale price of the IDO, then you can put this in another checkbox on your checklist as a sign of a potential bottom.
If the IDO price was lower, then this is not a bottom, there are still a large number of investors on the market who bought the coin at a lower price, which means they can sell it cheaper.
Our bottom is not a new all-time bottom
As we noted earlier, a support line is formed at the level of the potential bottom.
If the price has never dropped so low in the history of the asset, then we cannot build a support zone, which means that the price can go even lower and find many new bottoms.
How to auto-execute TradingView alerts on exchangeIf you have your own strategy in TradingView, you can set up opening trades on the exchange in a couple of clicks.
Next, you’ll see an example of how we set up alerts in 5 minutes, and how orders were opened and closed on the exchange. To do this, we will create alerts and a bot for alerts on our platform.
Step 1. Set the alert parameters.
Go to our terminal, select the Algotrading section → Trading Robots → Add strategy button.
You will see an interface for creating and customizing your bot, where you need to perform the Basic settings and proceed to setting the parameters for sending signals to the system.
To do this, go to the Sending signals block.
The TradingView signal source is already selected.
Copy the Request URL.
On the right side of the window, we see the code with the request parameters. You can add other parameters with checkboxes, we have added Stop Loss and Take Profit. Copy and save the code.
Step 2. Launch the bot.
Next, find the created bot in the All robots section and launch it in Work trading mode according to the manuals in the terminal.
Step 3. Set up an alert in TradingView.
Go to TradingView, open the Alerts section and set up an alert, for example, for opening an order (Buy) based on a simple indicator - in our case, Crossing.
Paste the code that we got in Step 1 in the Message field.
Paste the request URL we got in Step 1 in the Webhook URL field and Save.
The alert has been successfully created and is active on TradingView in the Alerts section.
Step 4. Monitor the orders.
The alert triggers and ... Go to the Alerts log, where we see a notification about executed alerts from TradingView.
We can check in the bot on our platform, open the Trades tab - we see open orders.
And we see that alert orders are open on the exchange.
Since we set Stop Loss and Take Profit, the orders were not only opened, but also closed. In the platform we can find deals, on the exchange we can find orders with the Sell parameter.
We hope that now trading with TradingView will become even easier. We will release new and more detailed articles for you on using webhooks so that the strategy created here works 24/7 without your participation.
BTC should recover from this levelThere is a possible pennant forming on H4.
The pennant formation is more accurate after bouncing between the converging trendlines a minimum of 5 times.
If the pennant formation holds, BTC should drop to the level shown after the breakdown.
For more accuracy the measured target should be moved to the area it breaks down.
(I've changed the resolution to H12 to show the recovery/measured target area.)
Long For AUDUSDPrice lingering around support zone, Gonna wait for rejection in-order to place positions.
Lets Buy US30looking for buying opportunities on US30. Price on trend line and as well as 61.8 fib level, If it breaks below then we start looking for selling opportunities till 32500
$BTC Dump IncomingSorry about the messed up chart; just a quick update:
New lows soon. $12.5k-$13.5k (can wick down to $12k)
Best of Luck, and don't open any long positions.
Publicly Predicting the $BTC Bottom and Upcoming Dump!!!No description needed! Let's see this chart in a few months...
I had the same idea for a few weeks; I didn't post it on Trading View but was mentioning my targets for about a month now.
Binance Coin BNB Price Targets for this weekThis week I predict another selloff in the stock and crypto market after the CPI report on January 12.
My price targets for Binance Coin BNB are:
BNB/USDT short
Entry Range: $270 - 280
Price Target 1: $255
Price Target 2: $239
Price Target 3: $219
Stop Loss: $298
