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EURUSDMarket in uptrend on daily and 1 hour time frame Monthly resistance did not hold waiting on pullback to support zones marked on chart once market reaches support I will wait for wick rejection before entering bullish Retail sentiment is bullish on USD, as we know most retail traders lose money this is therefore bearish for USD Fundamentals still in favour of USD, however with lower than expected CPI numbers yesterday we can expect FEDS to pause or slow down on interest rate hikes Stop loss will go below structure Take profit 3x risk
by TradingfortheFuture_
Crypto Market and Newton's Laws of MotionI tried to draw comparisons between the crypto market and Newton's laws of motion: First law: In the crypto market, a cryptocurrency's price may remain stable or continue to move in a certain direction unless acted upon by an external force, such as a major announcement or market disruption. This is similar to Newton's first law, which states that an object at rest will stay at rest, and an object in motion will stay in motion with the same velocity unless acted upon by an external force. Second law: The rate of change in a cryptocurrency's price may be affected by the amount of investment or trading volume, as well as the size of the cryptocurrency's market capitalization. This is similar to Newton's second law, which states that the acceleration of an object is directly proportional to the force applied to it and inversely proportional to its mass. Third law: In the crypto market, the price movements of one cryptocurrency could be influenced by the actions of another cryptocurrency or external market factors. This is similar to Newton's third law, which states that for every action, there is an equal and opposite reaction. Overall, while there are some interesting comparisons that can be drawn between the crypto market and Newton's laws of motion, it's important to remember that these are complex and unpredictable systems, and there is no guarantee that the laws of physics will accurately predict the behavior of the market.
CRYPTOCAP:TOTALLong
by SharkNumbers
AUDUSDblue trendlines on chart are counter trend breaks when market breaks counter trendline market moves bearish We are at trendline resistance area market beginning to break counter trend bearish Retail traders are heavily bullish on USD dollar this is a sign on dollar weakness as large institution are shifting away from the dollar Fundamentals still in favour on the dollar, until further notice the dollar could still be in a short term bear market and long term bullish market whilst the current market conditions are mere pullbacks for the long term effect Opportunity to go short on break of counter trendline, enter bearish Stop loss above structure (above blue resistance) Take profit = 3x risk
by TradingfortheFuture_
1
XAUUSD Technical Analysis 11.04.2023 1h chart– Previous Daily candle closed Bearish at 1991.100 respecting Daily Resistance formed on Thursday 6th April 2023. – Buys on close above 1994.400 targeting 1h Resistance at 2002.000, Leaving Runners to the next 1h Resistance at 2007.900. – Sells on close below 1987.200 targeting 1h Support at 1981.900 which is also the wick fill of the previous Daily Low, Leaving Runners to the 1h Strong Support formed at 1978.000. – FOMC Member Harker due to speak about the economic outlook at an event hosted by Wharton Business School in Philadelphia.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 11.04.2023 1h chart– Previous Daily candle closed strong Bullish at 165.350 breaking above the Daily Resistance formed on Wednesday 5th April 2023. – Buys on close above 165.500 targeting 4h Resistance at 165.810, Leaving Runners to the 1h Resistance at 166.210. – Sells on close below 165.180 targeting 1h previous Resistance formed at 164.910, Leaving Runners to the 1h Support formed at 164.670. – Ideally is to wait for price to pullback to form Support on the lower timeframe allowing the new Daily candle to form a bottom wick before breaking the previous Daily High for more potential Buys.
by SalimFX20
USDJPYFundamentals in favour of USD with the exception of dollar crash Retail sentiment currently bullish (most retail traders lose money) since sentiment is bullish this will likely lead USDJPY to continue bearish Trade idea: scenario 1 wait for market to break counter trend bearish, after break wait for retest of resistance and wick rejection then enter short scenario 3 wait for market to break above down-trendline after break wait for low and retest of support, after wick rejection enter bullish Stop loss will go below structure Take profit 3x risk
by TradingfortheFuture_
🥇 GOLD A wedge is formed. Resistance breakthrough Gold closes inside the wedge format range. In an uptrend, whales could potentially be set to break wedge resistance TA on a high timeframe: 1) Trend bullish. Lower right chart: gold is consolidating above the February 1960 high - price is in the green zone 2) Left lower chart: trend demonstration TA on the low timeframe: 1) A wedge is forming. The price makes a false breakout of the wedge and heads towards support. 2) Breakout of the interest zone 1965-1962 can send the price down to 1957. 3) The medium-term potential is on the side of the buyers 4) I think the price will rebound from the uptrend support line and go towards the resistance figure 5) In the medium term there is a high probability of a breakthrough of the wedge resistance and growth of the price to 1980 and 2000
OANDA:XAUUSDLong
by AndeWave
19
BTC - Different Perspectives 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on Daily: Left Chart BTC is currently bullish trading inside the red rising broadening wedge pattern. Here is why the 30,000 is a strong rejection: 1- Round number => 30,000 2- Classic Support Zone Turned Resistance from Weekly timeframe 3- Supply zone marked on the chart 4- Intersecting with the upper red trendline acting as a non-horizontal resistance 📉 Hence, as BTC approaches the 30k - 32k zone, we will be expecting the bears to take over for a medium-term correction. 📌 on H4: Right Chart For now, we will remain bullish as long as BTC doesn't break a previous major low. The current last major low is highlighted in gray around 26,700 📉 If we break below 26,700 expect a bearish correction to start till around 25,000 support / demand. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
23
Will Bitcoin Touch The Sky ? (Read The Description)Hey Traders , Bitcoin has been leading the charge, with dominance over the rest of crypto increasing over the past week. Bitcoin climbed to hover around $27,000 Friday morning as cryptocurrencies in general continued to rally. Traditional markets were trading lower. Bitcoin on his bullish mode while bank crisis keeps falling , so he just breaks a new resistance then he's too close for the next resistance , so bulls are running don't miss the shot ;)
Long
by ZumixFX
Quick Bitcoin Scan in the Morning Good morning everyone Grab yourself a cup of coffee and enjoy this quick scan on Bitcoin! Bitcoin has been consolidating overnight, shedding a lot of volatility, and opening up a window of opportunity for a Long and Short scenario on the coin. Make sure to check the video out so that you don't miss a potential entry on Bitcoin! Also, please leave a comment and share if you like videos like that. Many thanks and have a fantastic one legends All the best CH
by TraderCHgold