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Marketstructure

#USDCAD rising wedge pattern breakoutIn case of bearish breakout of a rising wedge pattern base on technical analysis text book, we could expect more bearish move in price. Also we can see in the last bullish move price formed a bearish divergence. Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
1
#GBPNZD inverted head and shoulder patternAs evident from the chart, the price is not only currently trading towards higher prices within a rising channel line but has also established a valid breakout from a very long-term daily timeframe inverted head and shoulders pattern. This phenomenon suggests a high possibility of a bullish move in this currency pair, and we might witness much higher prices in the future. If this pattern materializes, based on the one-to-one price target projection, we can assume that the price will at least reach the previous top formed on August 21st, 2023, if not higher. However, I recommend waiting for a pullback towards the broken neckline before taking a position on this pair, or alternatively, look for the proper entry point in a lower timeframe based on your strategy. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
BTC is not an easy path for the most inexperienced!! "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 crypto is trading at 67.4K. If it closes above 69K, it could continue the bullish trend, aiming for the resistance at 73.7K and targeting the next level of 80K. Will central bank meetings impact BTC's price? The **Bank of Japan** is debating the possibility of ending its negative interest rate policy in its monthly monetary policy meeting. This comes after significant wage increases accompanying inflation. On the other hand, the **Federal Reserve** of the United States will keep its interest rates unchanged in its meeting this week, maintaining its benchmark rate at a 23-year high. Additionally, the **Bank of England** might pause rate hikes in its meeting this week, as August inflation data has been better than expected. In summary: - Bank of Japan: Possible end to negative rates. - Federal Reserve: Rates unchanged. - Bank of England: Possible pause in rate hikes. The daily technical analysis of BTC/USDT shows the MACD indicator with an ongoing red valley, which could lead to further declines for Bitcoin. However, if the 66.8K support level (0.786 Fibonacci) remains unbroken by the price, with a daily candle close above it, the price could experience a new pump toward new highs. The 25-period exponential moving average on the daily chart acted as support during the drop on Saturday, March 16th, providing relief to HOLDERS after less experienced crypto participants faced liquidation." "THIS IS NOT INVESTMENT ADVICE AND SHOULD NOT BE TAKEN AS SUCH. EACH INDIVIDUAL IS RESPONSIBLE FOR THEIR ACTIONS AS A TRADER, INVESTOR, ETC..."
Long
by CRYPTONIA5
GBPUSD: Exploring a Possible Sell OpportunityAt present, prices are at extreme premium levels, with a notable reaction from a premium m15 Order Block , in mitigating the Order Block we also filled the Liquidity Void left by yesterdays CPI News Release . A market structure shift (MSS) has occurred, suggesting a potential reversal as we aim to target the H4 Sell Stops, our Draw On Liquidity. Additionally, there's a possibility of capitalizing on the m15 Buy Stops , particularly as it aligns with the Asian High . Should the H1 Breaker Block fail, I will consider selling against the m15 Buy Stops upon confirmation. Kind Regards, The_Architect
Short
by The_Archi-tect
4
Apple's Bullish TrendNASDAQ:AAPL recently bounced off the $180 support level and building a bullish trend to the upside suggesting that Apple's stock price is poised for further growth. One of the key drivers behind the bullish sentiment is Apple's continued dominance in the smartphone market. With the recent launch of the iPhone 16 series, the company has once again demonstrated its ability to innovate and stay ahead of the competition. The new lineup has been well-received by consumers and is expected to contribute significantly to Apple's top-line growth in the coming quarters. With a strong product lineup, a growing Services business, and a solid financial position, the company is well-positioned to reach the $197 price target in the coming months. Taste The APPLE! #APPLE
NASDAQ:AAPLLong
by EgideSimba