CHFJPY SELL/Short Position OpportunityReaching Daily Supply Zone
Approaching 61.8 Retracement point on DAILY HIGHEST POINT/LOWEST POINT
DROP
USDJPY SwingUSDJPY looking to fall after breaking out of the initial channel and now retesting it. Potential 600 pip move could happen with my #HarryPotter Analysis
PATIENCE - CONFIRMATIONS - ENTRY - PROFIT
USDEUR IS OVERBOUGHT A DROP IS COMINGUSDEUR has high probability to drop, reasons:
Overbought (Yellow) in 85m 2H time frames indicated by "9 Seasons Rainbow Multiple Time Frames Pattern PRO" Indicator;
RSI Divergence
Previous Resistance: 0.892
Previous ascending channel has been broken.
Target 1: 0.884 Fib 0.618
Target 2: 0.881 Fib 0.382
Target 3: 0.873 Fib 0.236
STOP: 0.893
Some factor that against this idea: 1H Crazybought (Lime) means Bull has just overcome some resistance and is still strong, this may keep them longer on the possible Top.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
AUDCAD - short term BUY, then BIG DROP ahead!I believe that AUDCAD will have another leg up to 61,8 % retracement which would be around 0.95997 to then develop a huuuuuuge drop to the 27,2 % extension of the bigger structure which will be around 0.91912. Trade with care and good luck!
Strong sell is coming in USDJPYnow is a great place to short this
there is a lower time frame price action and also the potential is huge
if price move 40-50 pips , move stoploss to breakeven
This is how i personally see the market
BITCOIN SHORTThis is my bitcoin short idea, all my reason i take are all on my other platform.
This is purely an idea and not intended to be a signal.
Trade at own risk.
Thank you
Clear Representation of The "weiner dog" formation. When the weekly day traders do their job and a chart is looking nice as in this example.. the weekend comes... inevitably the "weiner dog formation"
appears early on a Saturday. Maybe from inexperienced traders dropping the ball in combination with heavy pockets taking advantage. It usually precedes an impending dump in favor of the bears. This patern can stop a good bull run in its tracks.
GOLD SHORTThis is a simple analysis that I've put together for Gold, price is rejecting at key level where price rejected a few days ago and we are are also currently at trend line resistance. The MACD Indicator is also very close together and looks as if a crossover is going to take place but this we cannot predict. I'm expecting gold to drop down to around the 1290.00 level and either break through and continue dropping to around 1280.00 or perhaps find support and continue rallying upwards.If we see a breakthrough of the 1302.00 Level I will be looking for buy opportunities at the retest.
I'm new, please like to help me gain reputation points!
BNBBTC - Drop expectedBNBBTC is expected to drop in the very short term as it has reached a very strong resistance on the DAILY timeframe
GBPUSD Potential bearish div formingEverything is on the chart, let's see if the divergence confirms
Good chance take profitHP Stock has been dropped by 17% because of revenue miss estimates caused by weakness in both PC & printer supply sales and this is their biggest single-day drop since August 2011. Please check the RSI & MACD in 4h & 1D, those stocks are oversold now. This will reach 24 within this month, so what are you waiting for? BUY! BUY! BUY!
Fearful when others are greedy and greedy when others are fearful - Warren Buffett
AUDUSD DROPAUDUSD Hit a perfect Fib move later in January and now hit its sell point. LET IT DROP LET IT DROP.
LTC Bearish Alternate 1.618 AB=CDI want to see sharp and quick bounce the zone you see at the chart.
Your SHORT entry is after completion of reversal point D - volume and candles will help you to decipher this point.
Your stoploss is above the point D.
Target zone is on the chart. I recommend to conservative traders close first profit around 10%.
Good luck to all!
USDX will dropThe dollar almost complete the buy model and now probabbly will reach 96.6, 96.8, or 97 then it will drop breaking all lows and it will make a lowEr low around 94.5.
Do we see a new drop in the market?Whats your opinion about that pattern?
When the cycles continuous we could see another 40% drop of the market.
Potential 4hr chart falling wedge confluence w/ h&s drop targetThe current price action is starting to form a potential falling wedge on the 4hr chart...interestingly enough the apex of that potential falling wedge is at the exact same point as the drop target from the 4 hour chart head and shoulders pattern we recently broke down from. I find that confluence very interesting and something that gives more credence to this four hour wedge being legitimate. However with such a big support line as the weekly 200ma just below I'm not gonna be trying to do any limit sells or even shorts here because that support could easily bust us up out of this pattern logn before it reaches the wedge apex/h&s drop target. For this reason this idea will be left neutral.
USDCAD Bearish dev playing outSorry, already a bit late posting this, some pips to grab here.
Enioy.
STOP above the pivot 1.3256
ZRX/USD BEAR FLAG AND RSI SHOWING PRICE DROPZRX / USD looks to have a bear flag on the hour chart. As well, the price is at the top of the Bollinger band currently, and RSI is showing it is reaching the 60 range which has been a common bounce to the lower end of the RSI recently.
Looks like we might move to the bottom of the downward channel(Blue Lines).
I am very much a beginner and just want to make observations and learn from them! My simple analysis is for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner.
Thanks so much for reading my analysis, please follow me and like my post!
- Max K.
Bitcoin's Volume Profile: A study of Volume-At-Price AnalysisThere are two ways to analyze aggregate volume on a chart. VPA (Volume Price Analysis) and VAP (Volume At Price Analysis). Traditional VPA displays the gross volume traded at a particular time frame via a vertical historgram. The second approach, VAP, is often labeled as a Volume Profile. Depending on how the data is compiled, Volume-At-Price is calculated per tick or is merely a representation of the number of bars/candlesticks that are present at a particular price range. This tool has evolved over the years to include more advanced forms of the Volume Profile such as the Market Profile (Time-Price-Opportunity) - not available on Tradingview. Regardless of the type of VAP used, the principle theory is the same:
Empty spaces (low volume nodes) between high volume nodes behave in a volatile fashion. Think of price moving into these low volume nodes like a vacuum - price gets 'sucked' into and through that empty space swiftly.
And on Bitcoin's chart we can see that price is sitting in a zone that is very close to a swift drop zone through the low volume node below, until it finds support around the 2500-2800 value area.
NZDCAD | Opportunity for low risk short.NZDCAD has been trading in a descending channel on the daily chart for some time.
After failing to reach the descending trend line at the top level of the channel price has steadily declined and broke below 0.9100 support.
Price is now treating this zone as resistance and we've seen a slow down in momentum.
If price declined to the 0.89150 support we would go short upon a break & retest of this level.
Alternatively we may see price increase to the descending trend line before dropping. Either opportunity sets us up with a low risk short trade.
Is USDCAD ready to drop???We had a nice bearish movement that broke our trend line, now we are finishing the correction to continue droping.
Let´s wait a Bearish candle on 4hr to enter Short position. We can see a double top nice and clear.
Good luck traders.
