#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy
(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below :
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Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻💻 1/14/2024 ❤️
Marketstructure
GBP JPY - Fresh supply since 2016, what now?G'day,
Firstly, welcome back to 2024. It's been a good start with some great consolidative moves within trading ranges, but now let's see the longer term movements for this pair of focus. GBP JPY.
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 market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed.
For simplicity purposes, terminology is provided in layman's terms to reach a wider audience.
Monthly
Weekly
Daily
Do you enjoy the setups?
Professional analyst with 8+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXIV
EURUSD 4H Chart Inverse Head & Shoulders breakoutEURUSD 4H chart Inverse H&S producing a
breakout
Additional confluences:
- Bullish market structure, the price is forming the
pattern around the support range fro m the
previous major high points
- Head of the inverse H&S pouncing from the
0.618 Fib
- MACD produced a Bullish cross a while back and
now it's providing bullish continuation
- Price bounced from the 200 SMA and now it's
above the 20 and 50 EMA. Monitor the 20 and 50
for a Bullish cross
AUDUSD 4H Symetrical triangle + Bullish market structureOn the 4H chart for the AUDUSD we are getting a symetrical triangle
Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend. After the price created the last major high point, now it corrected down to the previous major high where it's hitting the support range created from it.
For higher success ratio, you are looking for a breakout to the up side from the chart pattern as it will align with the general trend
Additional factors to take in consideration:
- The low points of the symmetrical triangle pattern have bounced up from the 0.618 Fib and the 200 SMA
- MACD produced a Bullish cross. If the price breaks up from the chart pattern, monitor for a MACD continuation
- If the price breaks out to the up side from this pattern, monitor for a close above the 50 SMA and the 0.382 Fib
GBPUSD 4H Symetrical triangle + Bullish market structureOn the 4H chart for the GBPUSD we are getting a symetrical triangle
Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend
For higher success ratio, you are looking for a breakout to the up side from the chart pattern as it will align with the general trend
Additional factors to take in consideration:
- The low points of the symetrical triangle pattern have bounced up from a support range created from the previous major low in this Bullish market structure and from the 200 SMA
- Few candles back the 20 and 50 SMAs produced a Bullish cross. If the price goes up and breaks above the chart pattern, we will likely get a proper alignment of the price and the 20, 50 and 200 SMAs to give further confirmation of a further movement to the up side
S&P Situation: A Deep Dive into the Head and Shoulder Pattern! Johnny Seville here with your daily dose of Smart Money Trading insights. Today, we're dissecting the S&P situation – specifically, the potential short-term head and shoulder pattern that's been developing. Intriguing, right? Let's get into it!
The S&P has been giving off some fascinating signals lately. **We've fallen off the 2022 high and are now potentially developing a head and shoulder pattern**. It's not a guarantee, but it's a likely shape we're keeping a close eye on.
So what would happen if this pattern played out? Let's draw it out. If we measure from the top of the head down to the neckline and then duplicate that below the breakdown line, we land exactly where the 50-day simple moving average is. This adds some probability to the pattern.
**However, caution is key here.** We don't want to get drawn into any rally until this pattern is either over or disproven. So for now, we're keeping a close eye on the situation, ready to adjust our strategy based on the evolving data.
GBP/AUD Sell signal AnalysisHello Traders, On GBP/AUD price retraced to the IRL which is the weekly FVG, indicating potential bearish movement toward the ERL at 1.8588. However, I'll wait for a clear shift in market structure on the 4 hour chart before considering a trade, aiming to enter during the second phase of the distribution pattern to reach the target.
BTC Market Update 7th January As BTC gears up for a significant shift, historical trends suggest a liquidity migration from altcoins to BTC. Yesterday's data and a thorough BTC scenario analysis lean towards a 'buy the news' stance, supported by bullish indicators in recent days:
📉 Open Interest (OI) Wipeout.
💥 Liquidation clusters favoring shorts, driving momentum.
💰 Tether printing resumes (significantly bullish).
📊 Bitfinex and Coinbase leading the tape, indicating bullish trends.
Flow indicators amplify the positive outlook:
📈 BITO's exposure hits an ATH of 41,000 BTC, with futures-based ETFs seeing a 310% increase in Volatility Share since October.
📊 CME's annualized basis remains above 10%, potentially decreasing post-ETF approvals due to BITO holders shifting exposure and possible redemptions.
Anticipating upcoming news, a surge in BTC may break through short clusters, pushing the price to 48k, possibly extending to 50k. However, profit-taking and the need for new narratives could trigger a retraction until the halving. Post-approval, analysts estimate a one-week timeline for the ETF launch.
Trade Ideas for the Next Move:
📈 Spot ETH ETF Trade: Long ETH/BTC (following the BTC playbook).
🔄 If BTC dominance rises, consider rotating into altcoins during BTC consolidation.
Stay tuned for updates as the crypto landscape unfolds! 🚀💹 #Bitcoin #CryptoAnalysis #ETF #TradingStrategies #CryptoMarkets
ETH - Break Or Make Zone ❗️Hello TradingView Family / Fellow Traders,
From a long-term perspective, ETH is currently hovering around a robust resistance zone and the upper bound of the brown channel.
Weekly Chart:
📈 To maintain control and establish a long-term bullish perspective, a weekly candle close above 2500.0 is essential for the bulls.
If achieved, a movement toward the next resistance at approximately 3000.0 could be anticipated.
H4 Chart:
📉 Conversely, the bulls will remain in control unless the local support in red at 2100.0 is broken downward.
In this case a bearish correction till the 1750.0 mark would be expected.
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!
~Richard Nasr
AUD USD - Fresh supply in play, awaiting the PCPG'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 market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed
Monthly
Weekly
Daily
Do you enjoy the setups?
Professional analyst with 7+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXIV
USDJPY: LETS GO LONG BABYYYWe just saw clean bullish momentum for this pair and a bullish trend change!
Now looking for trend continuation to take a long trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bullish trend change on 15min and ATTACK!
This is looking like a very yummy LONG!
Follow and Stay tuned my friends ;)
EURUSD: BEARISH TREND CHANGE- TIME TO SHORTWe got a confirmed bearish trend change for EU on 4H. MASSIVE BEARISH MOMENTUM
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
GBPUSD:TREND CHABGE- GET READY TO SHORT SOON!We got a confirmed bearish trend change for GC. MASSIVE BEARISH MOMENTUM
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
Market Structure Identification ✅Hello traders!
I want to share with you some educational content.
✅ MARKET STRUCTURE .
Today we will talk about market structure in the financial markets, market structure is basically the understading where the institutional traders/investors are positioned are they short or long on certain financial asset, it is very important to be positioned your trading opportunities with the trend as the saying says trend is your friend follow the trend when you are taking trades that are alligned with the strucutre you have a better probability of them closing in profit.
✅ Types of Market Structure
Bearish Market Structure - institutions are positioned LONG, look only to enter long/buy trades, we are spotingt the bullish market strucutre if price is making higher highs (hh) and higher lows (hl)
Bullish Market Structure - institutions are positioned SHORT, look only to enter short/sell trades, we are spoting the bearish market strucutre when price is making lower highs (lh) and lower lows (ll)
Range Market Structure - the volumes on short/long trades are equall instiutions dont have a clear direction we are spoting this strucutre if we see price making equal highs and equal lows and is accumulating .
I hope I was clear enough so you can understand this very important trading concept, remember its not in the number its in the quality of the trades and to have a better quality try to allign every trading idea with the actual structure
HINDALCO - LONG TERM ANALYSISHINDALCO is moving in a SYMMETRICAL TRIANGLE
A good opportunity in HINDALCO either we for long / short by seeing the break out accordingly...
For the time being wait and watch.
Follow the levels, I have given above chart
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
HAPPY TRADING GUYS
ANOTHER USDJPY SHORT- MONEY PRINTER IS LOADING AGAIN !We are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
EURUSD: LET'S LONG AGAINWe just saw clean bullish momentum for this pair!
Now looking for trend continuation to take a long trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bullish trend change on 15min and ATTACK!
This is looking like a very yummy LONG!
Follow and Stay tuned my friends ;)
CANNOT WAIT TO SHORT USDJPY AGAIN! GET THE MONEY PRINTER READYWe are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
BTC - Stuck Inside A Range, Again ❗️Hello TradingView Family / Fellow Traders,
BTC has been hovering within a range , taking the form of a symmetrical triangle.
📈 If the triangle breaks to the upside , confirmed by an H4 candle closing above 44,750, we anticipate a bullish continuation, targeting the resistance range up to 48,000.
📉 Conversely , as BTC approaches the lower bound of the triangle around 41,000, we will be looking for short-term buy setups on lower timeframes, targeting the upper bound of the triangle.
For now, we wait! ⏱
Which scenario do you think is more likely to happen, and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
GBPCAD: READY TO SHORT SOON!We got a confirmed bearish trend change for GC (2 LL and 2 LH is what I look for to ensure I do not fall for the trap of a fake trend change!)
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)