Higher Highs, Lower LowsPast couple days have been mixed signals bringing the santa rally to new highs over night.
The 20d 2std resistance was rejected at 4807.50 early this morning.
I'm looking for support around 4786.75, yesterdays VAH, where I'm looking to enter a trade as low for the day and a break trend from another lower low.
Should that trade stop out, I'll be looking to pivot to a short position below 4770
Lowerlow
GBPCHF bearish analysisHello guys
Everyone who is Elite member - wait for proving decision if price will close that way
GBPCHF currency pair is at overall bearish trending and bearish territory, which means price might hit higher levels or break H4 lower low level correctly.
If price will continue higher, we have to take advantage from buy side on daily chart. Daily chart giving us a possible swich at H4 lower low. If daily buyers will confirm it, then we have to follow analysis and swich H4 LL to daily LL. Keep that in mind. And this will be one of the facts why bearish targets might not be observed anymore.
If price will break recent H4 lower low level correctly, then price is again headed to 1.21442 support level. Recommend trading beetween H4 and H1 timeframe.
If price will stay stable bellow 1.21442 ''new resistance level'' we have to be aware of daily candle closing and structure too, before we are looking potencial target at 1.19941.
EURCAD LOOKING FOR DOWN TRENDSEUR/CAD has recently broken historical (2020) resistance and is showing uncertainty in price movement. If a downtrend can be established with further LH/LL, this may provide opportunity for a number of short positions in the coming weeks. Weekly chart shows an established downtrend.
I am looking for another wave to show some certainty in price direction and then looking for short positions after pullbacks.
LLs and LHs identified on CHFJPY, chart looks BEARISH.Overall move on the daily seems to be approaching SUPPORT AREA, it's no doubt we are looking at LLs and LHs, price has retested S2 and currently a consolidation happening on S2, a successful break below 123.391 gives a potential SELL OFF. move is 89 Pips.
GBPUSD ... CRYSTAL CLEAR Clearly we can see the market is offering a descending pattern , as guided by the resistance trendline and the support trendline .
we can depict the sentiment of lower low and lower highs as offered by the price action .
be keen to check my into details (lower time frame 4hrs on my thread )
GBPJPY SHORT IDEAHey guys,
this pair is on a bearish trend. we see lower lows forming. I expect it to retrace to that upper trendline for it to continue with the bearish move. If it doesn't retrace i will look enter once it starts consolidating. My bias will change incase the upper trendline gets violated.
Happy trading
APPLE DISTRIBUTION SCHEMATICS!Hello my beauties.
Apple is in a distibution phase, right before the markdown. I will wait on a successful retest of the trading range, and sell. The arrow doesn't indicate the actual price target, rather an idea of the direction of the upcoming trend.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
WHETHER THE EUR/USD IS READY FOR A LOWER LOWEuropean Central Bank President Christine Lagarde noted that inflation expectations do not point to risks of prolonged overshooting, adding that the EU still needs an accommodative monetary policy stance. On the other hand, US Federal Reserve chief Powell said that “it's fair to say” inflation is more concerning than earlier this year, citing supply chain issues. He also repeated that they “have all but met” the test for tapering. On Wednesday, the EU will release the September Economic Sentiment Indicator, foreseen at 116.9, while multiple ECB officials are scheduled to speak throughout the day.
EUR/USD traded lower yesterday to hit support once again near the 1.1676 barriers today in Asia. However, it has yet to confirm a forthcoming lower low since August 19th and continues to trade below 200-EMA, more importantly, below the downside resistance line taken from the high of August 2nd. Therefore, the experts' sentiment is that the short-term picture is negative.
An apparent dip below 1.1676 will confirm a forthcoming lower low. It may initially target the 1.1600 zones, defined as a support by the lows of the end of last year, the break of which could carry more significant bearish implications. It could allow the bears to shoot for the 1.1400 key psychological area.
On the upside, in order to start examining a reversal, the bulls would like to see a break above 1.1900. This will not only confirm a forthcoming higher high on a daily chart, but it may also confirm the break above the aforementioned downside line. The bulls may then get encouraged to climb towards the 1.2000 area or much higher to 1.2200.
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BTCUSDT: Another pinpoint accuracyHello traders!
In my previous analysis, i was expecting that we will see a drop from 45880 True Reversal point and it dropped from there.
It's the Magic of A1000x Fingertip strategy.
We will see lower lows in the BTC graph. The next true reversal point is 39600 and I am expecting the same pinpoint accuracy from there.
About my True reversal Point
I call these points a True Reversal point because it's not the support or resistance nor Fibonacci Zone. Support and resistance do not work majority of times and Fibonacci levels are the bunch of levels and if you are lucky then any one of them will work. My Levels are only one figure and it's compulsory for Market to respect that level and they are unignorable. These levels are designed to push price with pinpoint accuracy. That's why I call it the TRUE reversal point. Sometimes the market does not reverse with pinpoint accuracy but that's okay if the market moves a little bit up or down before reversing.
Hit the like button for the masterpiece and follow to stay connected.
Market Structure | Impulse/CorrectionsMarket Structure | Impulse & Corrections 🎡😈
What is Market Structure?
Market structure is a trend-following technique that traders use to read and track how the price moves. Bullish moves, bearish moves, and ranges in between Market structure is also known as price action at times. As a result, we call it market structure since that is how the entire market moves.
How to identify Market Structure?
Wait for a swing high/low to be broken.
(candle-stick body must close above swing high/low)
What is Market Structure telling us?
in a Up-trend scenario, higher-lows will provide
in a Down-trend scenario, high-highs will provide
What is impulse/corrections?
The natural behavior of the Market.
What is correction?
When price is in a ranging or sideways market.
What is a impulse?
The point when price impulsively breaks out of the correction
How to use Impulse/Corrections?
to identify which phase we are in, and what to expect next.
Summary:
Market structure is the guidance to a trade setup, failing to identify market structure will lead to many unnecessary losses and an overall bad analysis.
Every trade consist of few things such as..
The first step to a trade is analysis which requires market structure in order to do so.
Very simple rules to follow.. BUY LOW - SELL HIGH 🎡
Bearishly Breaking Below The Neckline of A Lower High Double TopADA is Bearishly breaking below some serious support right now and looks as if it could make some major Fibonacci retraces.
The RSI and MACD are also both bearishly diverging.
It may reverse at the 50 percent retrace but if you want to take this trade to the extreme you could try to hold short until it reaches the .786-886 fib zones to take profit.