AXS waiting for breakoutDouble bottom, but bounced back from descending trendline formed 3 days ago. We could expect a possible retest of lower or upper support levels. If we lose both of that levels, a nice big short could be in the play. For any bullish sign, we need a break of this descending trendline or at least bounce up from support levels... Good luck traders
Levels
CADJPY SHORT - My trade of the week!We are expecting JPY strength after a strong bear run for JPY last week.
We can see on the 4H the clear ABCDE correction here, expecting to top out at one of two strong resistance levels (marked on chart).
With this combination, we can expect to have a high probability of a short on this pair!
We may well see either:
a.) Slightly higher test of resistance in the final phase of correction - will need to monitor
b.) Earlier than expected drop - a safe entry would be when we see price fall through the base of the correction channel marked on the chart.
Like what you see? Please show some love and hit the like button. Do you have any comments? It would be great to hear from you!
I prefer quality over quantity, and provide one strong idea a week.
This is also the way I trade - but I keep those best ideas to myself for now.
Good luck!
DrBearForex
XAUUSD - SHORTThe price is below the Major Resistance Level. Sell on False Breakout. Target - Demand Zone.
XAUUSD - SHORT
ENTRY PRICE - 1794.00
SL - 1812.00
TP - 1755.00
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
KEY TRADING LEVELS FOR BITCOIN THIS SEPTEMBER - ALTUS.FINANCEGreetings TradingView!
Here we have all of the most important trading levels you need to know to stay head and shoulers ahead of market participants this month.
Included:
- DAILY LEVELS
- WEEKLY LEVELS
- FIBONACCI RETRACEMENT
Happy Trading!
ALTUS
Important levels for EURUSD EURUSD is at a key moment. After the NFP news on Friday, first we had an upside move but then a quick drop.
Now, we want to see a close outside of the 1,1864-1,1909 zone.
Once we have a close below this zone followed by a retest, then we can enter a short position.
You can look for a close below the previous low as an extra confirmation.
If we have a close above 1,1909 and then a retest, that means we could be looking at an upside continuation.
We're expecting a quiet day in the market today as it is a day off in USA.
Watch out for our daily posts to find out what happens after the breakout.
HONG KONG 50 BREAKS ABOVE THE RESISTANCE TRIANGLE LINEDuring the Asian trading session on Tuesday, Hong Kong 50 Index breaks above the resistance triangle line, beginning from June 21st. Yesterday the price impulse broke above the resistance line at level of $25800 and in the next few hours on a four-hour chart, tested the resistance line above and confirmed it as a support line. Tomorrow investors will observe with interest in which direction the price will continue to develop and whether it will return to the triangle. This has dismissed the bearish case, but it has not yet confirmed a bullis reversal.
Market experts believe that a bullish reversal will be confirmed upon a break above the $26000 zone. This will confirm a forthcoming higher high on the 4-hour chart and may pave the way towards the $26680 zones, or the higher territory around $27740 and $28180. If neither area can halt the advance, we could experience extensions towards the $29357 hurdle, marked as resistance by the beginning of June.
On the downside, a dip below $25600 is the move to assess whether the bears have gained the upper hand again. This would confirm a forthcoming lower low on both the 4-hour and daily chart and may open the path to test the $24726 zone again. If that area does not hold either, then the fall could extend to the $24000 territories.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
BTC Level Trading****************************************
Market Structure Alignment
BITCOIN
M = B
W = B
D = B
H4 = B
H1 = Br
M15 = Br
M5 = Br
M1 = Br
****************************************
BIASES:
BB = Bullish BIAS
BRB = Bearish BIAS
****************************************
CODES:
b = Bullish
bg = Bullish Range
br = Bearish
brg = Bearish Range
****************************************
Bimb = Buyers IMBalance
Simb = Sellers IMBalance
****************************************
Boms = Break of Market Structure
Bboms = Bullish Break of Market Structure
Brboms = Bearish Break of Market Structure
****************************************
DZ = DemandZONE
SZ =SupplyZONE
****************************************
H = High
HH = HigherHIGH
HL = HigherLOW
****************************************
L = Lower
LL = LowerLOW
LH = LowerHIGH
****************************************
Black = Monthly
Red = Weekly
Green = Daily
Yellow = H4
SkyBlue = H1
NavyBlue = M15
Pink = M5
Purple = M1
Orange = Alerts
****************************************
BITCOIN FIBONACCI LEVELS THAT YOU NEED TO USE!Greetings TradingView!
We have compiled two crucial fibonacci pulls that you need to incorporate in your day to day trading.
The fist fibonacci retracement is set from the all time high to the low of this run after the big mining dump.
The second fibonacci retracement is set from the local high at $49,752 to the low of the dump, around $28,859.
Get these retracement levels into your charts now and start playing around with them!
Happy Trading
ALTUS
AVAX, big resistance aboveAvax had a great run these last few days. Now just under the significant resistance-support zone. The volume of this +90% move up is in descending trend and could be an indicator for some kind of correction or just consolidation is near. RSI is high also, near oversold. Follow this chart, when our yellow level is broken, we could see a nice run-up
Everybody look to the right, everybody look to the left... Daily/Weekly support levels to watch
1.1516-26 instead of 1.1616-26 ! Market loves to hunt s/l orders (we all know where most part of traders will place it soon)
1.1178
1.04 and a half
Daily/Weekly resistance levels to watch
1.1970 - 90
1.22
current status imho - bearish.
Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
GOLD TO 1760 - STILL RESPECTING THE TRIANGLEAs we can see, Gold is still respecting the downtrend-line within the triangle. Let's see how far down we can go, There are 2 major supports that needs to be broken before we can arrive at the expected 1760 destination (1780 & 1773).
Trade with caution and proper risk management.
Happy trading
US 30In this analysis we can see us 30 is in uptrend in Daily timeframe now we see a pull back to 61% fib level and also very strong dinamics trend line support. US 30 is now bouncing from its support you can entr buy position Here Sl is below 61% level i draw a orange line and your target is next resistance previous support and next target is All time high. GOOD LUCK . THE TRAIDNG CLUB
GOLD CLOSED BELOW 1782 Wow!!! Gold has really blessed the patient and the fearless today, Market closed below 1782. I expect gold to keep respecting the trend line till we get to TP2 @ 1773. I hope people trading are moving have moved stop loss to significant profit.
We should see some reversals at market hope. so we need to be careful not to enter trades on moving candles!!!!!
Please like this idea if you have been on the same page with me all-day long!!!
Happy Trading
AUGUST ETH/USDT TRADING LEVELS - ALTUS.FINANCEHere you have a complete set of support and resistance trading levels for the ETH/USDT pair for the month of August. Pay attention to these levels along with your favorite indicators to prepare for entries and exits! Trading level to level is crucial and can teach you a lot about market psychology.
Timeframes:
- Monthly (PINK)
- Weekly (GREEN)
- Daily (WHITE)
Happy Trading!
ALTUS