LONG
BTC Daily Bullish Pennant FormationThis is the daily chart for BTC/USD. BTC appears to be trading inside a triangle after a large bullish impulse. Price is currently trying to regain the 50 simple moving average (yellow line). If BTC breaks the 50 day simple moving average, I expect the price to break out of the pennant forming and test higher highs. RSI is nuetral at 52 at time time of publishing. Price action has maintained candle closes on the daily above 92k.
Target for the next leg up is the 1.618 extension from the most recent High to swing low. This would put the PA around 120k.
NFA, do your own DD.
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EURCHF On The Rise! BUY!
My dear friends,
Please, find my technical outlook for EURCHF below:
The price is coiling around a solid key level - 0.9369
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.9393
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURJPY Expected Growth! BUY!
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 160.48
Bias - Bullish
Safe Stop Loss - 159.81
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 161.71
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBPNZD: Bullish Continuation & Long Signal
GBPNZD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPNZD
Entry Point - 2.1733
Stop Loss - 2.1605
Take Profit - 2.1972
Our Risk - 1%
Start protection of your profits from lower levels
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GOLD Is Going Up! Long!
Here is our detailed technical review for GOLD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,621.75.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,686.96 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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CAD/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 5H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 109.618 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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LINK, watch out the liquidity hunt!Hello everyone,
if you haven't already on chart, load this fantastic indicator from Alien_Algorithmus. It shows you the liquidation levels of big positions in crypto assets, which is helpful to forecast the trend. Actually we have still some liquidity below left, but on the other hand, above is way more. Whenever you see that some many "clouds" are building in a general bull market it's very likely the chart will hunt this zones.
Also we are at the golden ratio level between 0.5 and 0.618 and we have a good structural support. I believe we can see a bounce here, maybe even the start of the fifth wave towards 40 USD.
BTC, the wave count is not completedHello everyone,
today I want to talk about Elliot Wave Theory.
The big problem is, that waves can be interpreted in different ways and invalidation levels are often far away from trade setups. Therefore it's necessery to follow the wave count on different levels because usually the wave itself is made my a five wave move in the trend direction or a three wave move in the direction of the correction.
Currently we have an incomplete wave count on Bitcoin and should in my opinion be in the fourth or fifth wave. It seems like the next move will be towards 120k.
What is your opinion?
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Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
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CHF/SEK: Long Opportunity on Multiple Timeframes
I decided to open a long position on CHF/SEK based on two key technical signals that occurred on multiple timeframes.
1. Breakout of Resistance on Hourly Timeframe
On the 1-hour chart, the price broke a significant resistance, signaling a possible continuation of the uptrend. This breakout was confirmed by an increase in volume and the formation of a clear bullish candlestick above the previous resistance. The breakout of these key price levels suggests strong buying pressure.
2. Upside from Oversold Level on 4-Hourly Timeframe
On the 4-hour timeframe, the stochastic oscillator shows that the price has recently broken out of the oversold zone, confirming a possible reversal to the upside. Furthermore, the price is breaking above the long-term moving averages, such as the 50 and 200 periods, further reinforcing the idea that we are in a moment of strength for the CHF versus the SEK.
Trading Strategy
Entry: After the breakout on the 1-hour chart, I set my entry above the confirmed resistance.
Stop Loss: I placed a stop loss below the most recent low to limit the risks in case of retracements.
Target: The target was calculated considering a risk/reward ratio of 3:1, in line with the favorable technical backdrop.
Fundamental Motivation
In addition to the technical signals, there is a possible fundamental support given by the relative strength of the Swiss franc in the context of economic uncertainty. This makes the CHF a safe haven and potentially appreciable in the coming days.
Conclusion
This setup represents a great long trading opportunity on CHF/SEK, supported by consistent technical signals on multiple timeframes. I continue to monitor the price behavior for any adjustments to the position.
GBPAUD: Long Trade Explained
GBPAUD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPAUD
Entry Point - 1.9743
Stop Loss - 1.9644
Take Profit - 1.9955
Our Risk - 1%
Start protection of your profits from lower levels
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GOLD Trading Opportunity! BUY!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 2669.3 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2680.6
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPCHF: Long Trade with Entry/SL/TP
GBPCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPCHF
Entry Point - 1.1150
Stop Loss - 1.1101
Take Profit - 1.1250
Our Risk - 1%
Start protection of your profits from lower levels
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GOLD Will Move Higher! Long!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2,681.093.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,705.266 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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