GBPJPYthis is our GJ M15 projection. prize is in a downtrend and has broken the previous LL to the downside and is approaching the m15 DBD supply to mitigate it. we are anticipating that prize will continue to fall once it reaches this zone
DBD
Drop Base Drop Pattern | Next MoveWe have a drop-base-drop (DBD) pattern.
Once the price exited from the 'redistribution zone', not all sell orders were filled and there was still open interest at this level; so it pulled back to retest.
Here we have the "Evening Star" bar pattern and the TD9.
Target are displayed on the chart.
Bitcoin | Drop Base Drop PatternWe have a drop-base-drop (DBD) pattern. It's a common continuation pattern.
The support level (redistribution zone) is broken.
Targets are displayed on the chart.
DBD + Stoch 1W Trade EntryLooks like SLQT is providing a good entry point, near historic lows, and a long upside according to point of control. The next earnings are bound to bring us some volatility and possibly a catalyst. I'm in it with November calls as of today. My biggest concern is overall market fundamentals and the fact that I have to keep my position relatively small.
Not advice, just for entertainment. Technical trades may provide possibilities, not probabilities.
Bears or Bulls? The first pillar of using patterns is recognizing the types of breakouts. And the first pillar of using Fibonacci retracement is knowing the range of the Market. Fibonacci can't be used in every wave; First, you should know the price range, and then draw the Fibonacci retracement. In this chart, We have Drop-Base-Drop(DBD) after the breakout, and the golden zone is in the 50-61.8 levels of the Fibonacci. Good luck.
Bitcoin should hit 64k with a push through structure at 63kSince price already hit and left the 50-61.8% level, it should continue in the uptrend at least to the 64k level before a retracement. It will likely push past since it has already spent considerable time there. Look for additional TP at 65625 R8 Level.
There is a drop base drop at around 63k that it will have to push through but looks likely.
SHORT Setup idea for GBPNZD H4Hello trader
It's long time I've not publish any trading idea in here but I still learning new idea
FOR TODAY !
I have SHORT setup idea for GBPNZD the price still feed in the border of KEY level and I will entry trade between the zone(that mean SUPPLY and DEMAND zone) AND when H4 price close only!
You will see now price has reject the SUPPLY zone(originally it is DEMAND zone but engulfed by bearish move and then price comeback this zone again)
If this zone can use and price can close outside the zone I will entry SHORT from this level
SL: above the zone
TP: structure low
HAVE A BEST TRADING FOR TODAY :)
Consolidate neededI'm not exactly bearish but I feel it moved up too high too quickly and it's touching heavy resistance. It needs to consolidate before making another attempt to break resistance.
