GOLD: Breakout of Structure and bullish price action for a LONG!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the XAUUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
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As previously forecasted, we were expecting an upside movement, which it happened during the closing session of Friday and proceeded on Monday with a potential formation of further bullish continuation, after the sharp breakout of the LTF channel.
When, where and why would we step into the market?
Gold, is definitely a very high volatility market, we could expected some extension to the downside, in order to complete the LTF correction after breakout.
Currently, the market is performing following our bias and a deeper correction would be an interesting opportunity to enter long, targeting the top of the main structure or at least the previous swing high, start of the corrective move.
Any trade position with a RR not greater than 3:1 will be avoid, however, if the market performance wouldn’t complete the structure, dropping sharply till the bottom of the main structure, the trade setup would be invalidated and no action will be taken on it.
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Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
Impulseandcorrection
EURAUD: Top of the main Structure, Looking for a REVERSAL!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURAUD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
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After the strong bearish impulse happened about 9 months ago, the market has been consolidating in a big expanding structure, which is clearly visible connecting the two swings high and low in higher timeframe.
Currently the price broke the resistance level at about 1.5400, still correcting above it, but with a nice possibility to see a market reverse.
When, where and why would we step into the market?
Usually, one of the most important aspect during a breakout of a level, resistance or swing, is the way it broke and the further price action above/below that specific level.
Considering the overall bearish bias and enough lower timeframe confluences in line with bearish perspective, we would be happy to take a short position on the further correction forming right now!
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Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
ETHUSD: Following the main TRENDHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the ETHUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
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In June 2022, the market performed a sharp bearish impulse, correcting and retesting the main level at the end of August, month where the market started a second impulsive phase to the downside.
Potentially, ETH could reach the bottom of the structure and complete the bearish structure for more downside movement or a reversal.
When, where and why would we step into the market?
At the level 1900, the price double topped and reversed with a series of impulses and corrections.
Currently, the price is moving inside a triangle formation, which is both bearish and bullish pattern depending on the next breakout.
Considering the overall bearish market, we would enter short, targeting the bottom of the structure, obviously, entering right now in the middle of random movements is highly risky, better to be waiting for a complete breakout of the LTF structure or waiting for an extension of price till 1400/1480, looking for a great entry point.
Always apply risk management, don’t over risk and be focused!
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Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
GOLD: Is the market getting ready for the REVERSE?Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the XAUUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
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Since the end of the 2020 and the beginning of the 2021, the market started creating a big and an interesting corrective structure, and currently it’s retesting the bottom area.
The double bottom and the way it’s approaching on this level, may be a fist clue of an upcoming reverse!
When, where and why would we step into the market?
In the lower timeframe, is clear the bearish movement inside the falling wedge, overall, although the long term perspective in higher timeframe is bullish, in lower timeframe the confluences are not enough to think about entering and holding a buy position.
Definitely, if in lower time frame the double top is confirmed and the market starts clearly reverse impulsively, the chances to get a good opportunity are really high!
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Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
CHFJPY: HTF Rising wedge for a potential REVERSE!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CHFJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
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Since March 2022, this market has been moving inside a rising wedge, breaking out an interesting swing at around 140.000.
Although the third touch of the top of the main structure, in LTF it’s still moving with a price action slightly bullish.
When, where and why would we step into the market?
For a better entry point and RR, we would be waiting for the price to reach the LTF swing high and see the further price action, how the price will react and/or if it will break or reverse.
At the moment, not so many bearish confluences to enter a position, but we are gonna keep this market in watchlist to study its next movement.
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AUDCHF: Double bottom and potential Market Reverse! Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the AUDCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
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Lower timeframe:
Since the end of 2020 and the beginning of 2021, the market after an initial strong bullish impulse, clearly visible in high timeframe, it started consolidating in a big expanding structure, which usually is both a bearish and a bullish pattern, depending on how the market breaks and eventually develop.
During the last year, we can see how the price has been following a clear descending channel and currently broke a really strong and interesting support level at around 0.63790.
In lower timeframe, structure within structure and few more bullish confluences could be a sign of a potential market reversal, which is our bias, considering the overall strong bullish impulse that preceded the HTF structure.
When, where and why would we step into the market?
Right now, the market is still developing price action and a long position with no a clear confirmation, could be risky and it could lead to many different losses in order to catch the right signal.
A breakout to the upside of the minor structure inside the descending channel, it may be a first possible entry for a long position, eventually the RR is in your favor, otherwise, conservative traders could catch an interesting bullish movement after the breakout of the channel, targeting the top of the HTF structure.
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Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
AUDJPY: Potential BEARISH Continuation!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the AUDJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
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Lower timeframe:
In HTF, this market reached its previous swing, clearly forming a double top, approaching on it with a corrective movement, which we can see better with a quick look on the lower timeframe, where the market formed a rising wedge just around the area of its previous swing.
More bearish confluences are still in line with our overall bias, a reversal sharp bearish impulse proceeded to break the structure to the downside, and the first correction after breakout was an interesting bearish opportunity!
When, where and why would we step into the market?
AUDJPY is currently creating a potential more continuation, the next week will be interesting to see how it will develop and if it will give us a deeper correction enough for another push to the downside.
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
Maybe i'm wrong, but there will be an impulse down BTC/USDTHello dear friends, I am opening a new short position from 31600
Targets: 30100 - 29350 - 28670 - 27580
Stop loss at 32500
All traders, please, don't forget for this⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
I ask each of you to consider your own risk and money management. Do not trade with a large "X10-X100" and always place a stop loss.
I am not saying that this should happen 100%. No, but I see that the price is sandwiched between 2 strong Market Maker levels.
Plus, at the hourly timeframe, the volume for buying weakens, and the price goes up. That speaks to me personally about the bear trap.
Let's take a look. Today I will describe for you a complete analysis in simple words. and I will try to explain why it is short, and not long when rebounding from the level.
BITCOIN / US DOLLER - POTENTIAL 22.4K LOWS ?Overall view - Expanding channel
Clear head and shoulders pattern forming on the 4H.
1H bullish flag to form a possible bigger second shoulder.
Looking for a retest of the channel & an impulsive breakout to the downside for the 90% retracement to 22.4k then 20k before seeing further long term growth.
PLEASE FEEL FREE TO POST YOUR BTC VIEWS IN THE COMMENTS BELOW.