NZDJPY pair selected after checking on market sentiments and found it above 90%.Checked following checklist to follow trading strategy:- 1. Bearish trend 2. Bullish Divergence 3. No Continuation pattern 4. Falling wedge bullish reversal pattern 5. Bullish AB=CD harmonics pattern 6. Anticipated that bullish trend is starting, and initiated two trades through buy stop
Volatility Index (VIX) - The Drama King Let’s kick things off with the Volatility Index, aka the market’s drama king. It’s like that one friend who always makes a big deal out of nothing—spiking dramatically whenever the market so much as sneezes. Recently, it shot up faster than a caffeine-fueled trader on Monday morning, but now it’s calming down a bit, hovering...
Dear All As you see this is the Will5000PR to GDP Ratio !!! I think it is clear that we are so close to another crisis in USA and afterward whole world Markets !!! Maybe it is time to take care of your money !!!
Market Sentiment: Last week started with a sharp downturn across various markets, including cryptocurrencies, leading to some of the most negative sentiment for Ethereum in years. Key Challenge: Ethereum CRYPTOCAP:ETH has broken below the crucial support zone of $2,600-$2,900, which has now turned into a major technical resistance. Closing below this level...
This is my analysis of SPY on the daily chart. I have a leg measurement in the two strong corrections that the price has been making. In the second leg, it replicates the first one. I also have a very important point that coincides with the first leg and connects with the second one. So, no matter how low we might see the market fall, the levels 531 and 532 are...
3 out of 5 indicators are bullish, also the dollar index is showing signs of weakness which is good for the euro: 1 indicator - the latest COT report 2 indicator - retail trades 3 indicator - option flow sentiment However, since we're seeing a narrow range, there's a chance that the euro might have a false breakout before it moves higher.
G'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD...
Today's silver futures are experiencing some pressure, reflecting a challenging day for the precious metal. Yesterday, there were outflows in the portfolio on June 25 from strikes of 32.5/35. Outflows of funds from the portfolio are partial and did not lead to the liquidation of the portfolio, which indicates the management of the portfolio in a negative...
In the weekly frame on the S&P500 index, there is a pattern called three black crows and it is a bearish pattern that will lead to a downward move in the upcoming weeks. in July and August 2023, the same pattern happened and the market rebounded for two weeks then the downward move began to make the index retrace about 9% As we can see on the chart the index...
An exceptional opportunity looms on the horizon for the JUV cryptocurrency! The chart reveals a perfectly orchestrated Double Bottom formation, marking a potential bull turn. With the two troughs aligned, we hit a sturdy stand, indicating constant buying pressure. The recent rupture of the neck line, accompanied by an increase in volume, confirms the trend. This...
📈 With the current price of Bitcoin at $68,700, the marked levels can be analyzed with respect to this price: 💸 $64,081.71: This level is now acting as a support level since the price is above it. It could be a recent swing low or an area that previously had significant trading activity. If the price were to retract, this level might be where buyers could step...
"Bitcoin has depreciated by -12.37% since its peak on Thursday, March 14th, at 73.7K. BTC/USDT has fallen to the support level of 64.3K (25-period daily exponential moving average). From that level, buyers have defended the cryptocurrency against further declines, and it has recovered to the 69K level. At the time of writing this article, the flagship...
This was a decent setup - inline with the strategy, however, could not place the trade due to migration issue with TFF. Price created a R which turned into S - had HHs and HLs - entered on the bullish pinbar candle.
Introduction: Understanding the nuances of the cryptocurrency market is challenging, especially with its inherent volatility. However, seasoned investors often rely on specific charts to gauge the market's overall sentiment. One such crucial chart is the ETHBTC chart, which is a ratio of Ethereum's price to Bitcoin's price. This article delves into how this chart...
The Eerie Resemblance: If you've been in the crypto game for a while, you might be experiencing déjà vu. In 2021, Bitcoin was riding high before it underwent a profound transformation from a bullish to a bearish trend. What followed was a period of intense volatility and uncertainty. 🐻 The Bearish Divergence: One of the key signals of concern is the emergence...
Explanation within the chart - entry could have been better. Going for a 2RR
Welcome to our weekly USD/CHF analysis In this post, we'll provide you with a comprehensive outlook for the USD/CHF currency pair for the upcoming trading week. 📈 Key Weekly Analysis Points: - Strong Resistance Levels: Explore the critical resistance levels to monitor during the upcoming trading sessions. - Technical Indicators: Get insights into the technical...
Good market structure play, price was creating LLs and LHs - entered on the RT and new LH after bearish engulf & RT towards EMA - looking for continuation to the downside with 2 RR