Gbpusd buy slowly GBPUSD seen as the third leg Deeper decline would be seen to support and possibly bullish But strong support should emerge fromretracement of complete the correctional
Forexpeacearmy
EURUSD sell opportunity for more big fall EURUSD The latest inflation report for March spooked everyone showing consumer prices soaring by 3.5%, way above expectations What does high inflation mean It means the Fed's gonna keep interest rates high for longer to fight it As soon as that data hit you could practically hear the market's collective gulp with the EURUSD
Gbpusd sell opportunity continue bearish OB appointment with Gbpusd sell it The rising yield has the US dollar moving to the upside The US dollar is now trading to new at session highs
Gold Continue long_term XAUUSD buying strategy Gold Geopolitical frictions in the Middle East have further bolstered gold although these risks have intensified only recently and haven't been a predominant theme for an extended period To add context investors have been nervous about Iran's potential retaliation against Israel following the bombing of its embassy in Syria Such action could escalate tensions in the region
XAUUSD BUY opportunity again long term bullish all time high nedXAUUSD period off its best levels established briefly on Friday during the New York session when it toucheda fresh record Considering recent performance the precious metal has increased in seven of the last Eight
Context is still bearishMorning folks,
So, unfortunately for BTC - it is traded 24/7, so while other markets were closed, BTC has taken all the mess from geopolitics. With recent collapse, it is logical to ask - where all those people who were taking about "safe haven", "gold replacement" etc...
Now due geopolitical turmoil in weekend, our short-term bullish context has been destroyed, so H&S was not able to reach the target and has been erased.
As a result, for now short-term context has turned bearish and we think that it is not time yet for taking new long position. On daily chart MACD is bearish and we've got bearish reversal swing last week.
From this standpoint, current upside action might be just a retracement. To start thinking about new long entry we have to get bullish pattern, say reverse big H&S on 4H chart or any other. Daily trend has to turn bullish again.
Now we have nothing of it. Thus, the situation is not ready yet for new purchasing. On 1H chart we need to watch how upside action will develop. Picture could improve significantly if BTC will return back to the top, but now it is still a retracement with predefined upside targets.
Plan works perfect so far, showing 76-77.3K targetMorning everybody,
So, our H&S pattern starts perfect. The only thing that we've missed is the neckline top - we thought it should be around 71K but it has been formed around 73K, which is even better in perspective.
So, 2nd stage of the plan is done as well - right arm stands in place. We also have bullish grabbers on daily chart.
All this stuff, based on H&S suggests action at least to ~75.8-76K area, while daily expansions point on 77.3K.
Invalidation point of this scenario is 67.5K right arm's lows. If BTC drops below it, our view will turn bearish based on H&S "Failure" pattern. But for now we have no reasons yet to consider bearish setup.
Gbpusd buy fulling up the opportunity Gbpusd average This is generally a reversal pattern so we can expect the sellers to sell any rally now as they target a breakout below the support The price got a bit overstretched yesterday as depicted by the distance from the blue moving average In such instances we can generally see a pullback into the moving average or some consolidation before the next move
GBPUSD buy opportunity just wait for flying soon Gbpusd possible resistance zone around the level where we can also find the confluence with the red moving average This is where we can expect the sellers to step in with a defined risk above the level to position for a breakout below the support The buyers on the other hand, will want to see the price breaking higher to start targeting the trendline around the level
Xauusd sell opportunity’s Xauusd big fall of cpi XAUUSD Strong Report A surprisingly strong jobs report could signal a resilient economy, leading the US central bank to hold off on plans to ease interest rates imminently This scenario should be down for the US dollar but is likely to put downward pressure on precious metals like gold and silver
Xauusd buy opportunity strong bullish of CPi There simply wasn't enough investor demand This lack of interest was probably due to the hope that inflation would slow bullish quickly and the economy would not suffering
Xauusd buy opportunity long term bullish gold Gold should remain supported as we head into the easing cycle but a more hawkish Fed could weigh on it in the short term In fact we can say that the
gold support leve 2320 zone bullish area target is 2370-2380
will likely decide its fate as strong data should trigger a hawkish repricing in the markets and weigh on theprice in the short terms while
The plan is changing... at least the 2nd halfMorning folks,
So, on Thursday we've suggested "60-67-60" action, and there are no questions to the first part. Indeed rally was really nice. But, the 2nd part of action from 67K down to 60K was based on potential weekly bearish engulfing pattern, if you remember. But it has not been formed as you could see.
Together with other bullish signs that it is too long to describe here, now we cancel the idea of action to 60K and keep bullish view.
Particularly speaking, upside breakout could come with reverse H&S on top. Now market is still coming to neckline and target around 71K. But, if breakout still happens, we consider 77.30K as the next destination point...
Btcusd sell opportunity long term falling short and more fall Btcusd falls into The other important reason is that the US government may auction thousands of Bitcoins which it recovered following the collapse of Silk Road. The wallet holding these coins which are worth over $2 billion completed several transactions this week As a result this liquidation could lead to more Bitcoin supply which could affect its prices
EURUSD SELL mostly down big opportunity for eurusd Intraday bias in EUR/USD remains on the upside at this point Rise from is seen as the third leg of the corrective pattern from Further rally would be seen to resistance zone on the
BTCUSD buy opportunity strong more buy long term bullish Bitcoin BTCUSD price upward momentum is showing again following reports that Banks are approaching miners to BUY BTCUSD directly Meanwhile eyes remaining
Xauusd buy signal first LONG THEN SHORTLY Xauusd hes from gaining greater confidence to finally begin reducing borrowing costs gold may find itself in a more advantageous position to initiate its next leg higher Upside inflation risks evident in recent data however
from-67K - to- 60K action is possibleMorning fellows,
So our breakout setup is done well. What is looking intriguing now - BTC behaves quite different to gold, have you signed this?
Recent performance, especially if we get good NFP tomorrow suggests that retracement might be a bit deeper. We consider 60-60.5K area as potential target (because we could get weekly bearish engulfing pattern by this week).
But now BTC is overextended down on daily chart, so this action to 60.5K could start not know but after minor pullback, somewhere to ~ 66.5-67K area supposedly.
So, how to better mark this idea as "bearish" or "bullish?" Let's mark as "bullish", because downside action if it starts, probably will start on next week.
Btcusd buy opportunity what determines readiness to grow to 70kBtcusd ago that the technical picture suggested that the price has topped out at about some way below the recent all-time high near I saw two consecutive hourly closes as a good
GBPUSD buy opportunity full bullish on GBPUSD going confined the pair between Yes there were moves bullish and above that range inbreaks were brief Most of
XAUUSD SELL opportunity long term bearish XAUUSD After hitting record highs last week gold buyers have found it a bit tough to contest the $2,200 mark again so far But we ve getting another run at that key level again at the moment
Goldmine for breakout tradersMorning folks,
So, it seems that "222" Sell last time was not a bad idea at all. Despite that BTC stands in rectangle we've got two nicely looking downside bounce. Now we have some nuances with the BTC performance, but to keep it simple it is mostly suitable for those who like to trade breakouts.
If you do not want to wait a bit for clarity on daily chart, in what direction market still will follow, but want to trade today we could offer you few options.
First, is, if you want to bet on upside breakout and take long position - try to do it as closer to the rectangle bottom as possible. For example - it is nice "222" Buy is forming and almost ready to go.
The opposite is true for bearish position. Now we have no patterns, but they could appear later.
Finally, for the breakout, if you do not care on direction. The simplest way to act is to use Stop Sell and Buy orders at once, placing them just outside of rectangle. When breakout happens, you just cancel the opposite order. That's all.
I mark today's idea as "neutral", because it is volatility-based.
Control the riskMorning folks,
So, our H&S is done well, and already has reached the minimal target. Now the major question whether it will go to 74.3$, a kind of "bonus" upside target. Maybe..
But, today we would think about protection and risk control, rather than about some bargain. On daily chart we've got bearish grabber that is taking the shape of '222" Sell here, on 1H chart. We're coming to PCE report and long Easter Holidays. BTC could go higher, but today we would focus on risk control instead.
Think about some risk management of long position - booking totally or partially, stop tightening etc.
Bears by the way, could think about short entry. Chances on success are low, but potential money risk is small as well. If you succeed, result will be 10K+ per coin. It worthy at least to think about it...
Let's mark this report as "bearish"due described issues.
