USDJPYUJ's been consolidating for some time now. however we've got some dynamic support hovering below price. The moving averages are a powerful indicator for where price is predicated to go next.
Nakedtrading
WTIOILOil may break my analysis and continue to sell off, I've got to wait for more confirmation before I take a for sure short. The fundamental speculation is in favor of cheaper prices.
BCOBrent Crude is forming a right shoulder formation on a bigger timeframe, this is where price could fall and meet lower support. We've got to keep in mind that President Trump is looking for cheaper oil prices, and the last time he called for price to go lower; oil sold off to $45/barrel.
NASDAQMy bias with the NASDAQ is similar to the S&P, with all time highs played as resistance; the market may sell off. This could be the turning point for a Bear's market, or a minor pull back for new ATH's.
S&P500The S&P 500 has been doing exceptionally well in Q1, even with false unemployment rates and FOMC news. However, the Index has fallen ever since reaching a new peak, but there's new signals that tells us this may just be a minor pullback and there is new all time highs to be made.
XAUSUSDGold has been trading tight for some time now. I believe a break out is on its way, and with market speculation I think price may get more expensive in the near future, Commodities tend to do well when Fiats aren't keeping up to par.
ROKU naked strangleLooking for an IV crush on ROKU should be cool as long as it stays within a couple % of the expected move that's priced in.
GBPAUD, flag patternContinuation pattern, ascending channel with slowing momentum, price has rejected from demand zone
NZDUSD, demand zone, inverse h&sOn the daily there is strong support, waiting for price action and retests
BTC Bullish and Bearish scenarioAs traders we always must be prepared to go long or short. We can not be biased to one side.
I have clearly defined zones and levels within those zones that I am willing to engage off of.
I do not care which way price goes because I have a clear plan for both scenarios.
In the mean time I do nothing. Do not force the trades, WAIT for price to come to you
and if it doesn't, no big deal. Move on. Patience is the KING.
EURCHF h&s change of sentimentprice has reached support, a push up to next resistance will create a h&s pattern for shorts
USDSGD will re-test the resistance level or Bullish all the wayUSDSGD currently is making a bullish compression, yesterday the price had a rejection and we anticipated that today may have a small retracement to the dotted line as to create another Higher Low (HL).
If we look to the left, the previous Support now has become a Resistance, a pretty solid Resistance; it created "The Wall" and had managed to hold the prices to advance further (see R1, R2, R3).
What we are seeing now, the prices are creating a momentum (by producing a tight compression); direct frontal attacks had failed three times, now it will be an accumulation of massive attack to "The Wall". I marked the level 1.36155 as the decision level either the price will advance further to the North or will be rejected again.
When the price is reaching "The Wall" what we need to observe is a Price Action, in my opinion, likely "The Wall" will be breached either using a Dragon or Massive foot-troops crossing the decision level.
What if you miss the opportunity to LONG? the market is always forgiving, when "The Wall" is breached, put your Pending BUY Order at 1.36155
Let the war begins!
GOLD LOWER LEG TRENDLINE BREAKtrend line break, pa suggests price is ready to break and retest short term support.
EURUSD, Supply ZoneArea highlighted zone is the ideal supply zone that has confluence with the 0.618 golden level but price may continue impulsive move further down depending on price action.
USDCHF, new highs and pullbacksprice has broken long term resistance, stf analysis needed for execution, 200 pips in play...
GBPNZD, descending channel breach.consolidation structure has been broken and i'm expecting a push up to fill the wick...
BTCUSD - Where we are going next ?! - By AMFEIXPlease check the previous article i did before continuing with this one !
The upside target, and the downside target I mentioned on the last idea, have been met PRECISELY, we had 2 perfectly Take-Profit zones HIT and the price reversed, retested the trend-line and for now it just seems we are going to continue to go lower, however knowing that we are in a highly volatile market, there are some things that we need to have into consideration.
As I mentioned on the previous idea, $5100 zone ( highlighted with BLUE ) is crucial to predict where the price is going to go next, a daily closure ABOVE that zone would allow us to claim higher, however if we fail to close above, we will be going lower.
As you can see in the chart there are not much support areas below the current price, meaning ... we can spike to our last level of support ($4850) and if it breaks trough, it can melt to my next targets $4750( RED RECTANGLE ) as TP 1, and if we continue going lower my next target would be $4500 ( grey rectangle ).
SUMMARY :
Keep an eye on BLUE rectangle, daily closure above -> Bullish // daily closure Below --> Bearish
This is an analysis of where i think we are going next, not a trading signal.
I highly recommend to stay away, do not trade under this circumstances, and wait for further confirmations.
nice break and retestA nice structure based wedge has formed along with a nice pullback. very nice risk:reward on this trade, entered slightly late but still very high reward. leave any thoughts or ideas in the comments and happy trading:)
Bitcoin short-term analysis, by AMFEIXHello guys, this is a 4 chart, short term analysis of BTC/USD, as an opinion of where we are heading next.
I marked the support and resistance areas on the 4 Hour chart, after breaking through $4480 region, which appeared to be major resistance zone on the daily time frame, the price spiked immediately to $5100, and since then we have only gone higher, currently sitting at $5247.
I wanted to share with you the regions that i see interesting and i think we should have an eye on.
On the 4H time-frame, we have a resistance area around $5312 which needs to be broken for the price to reach my initial TP, $5550, but currently the volume on BTC/USD is very low, which makes me believe that we can see a spike to the downside before heading higher, keep that into the consideration i marked 2 downside areas, the first one being the $5100, and the second one $4962, which confluences with the prior spike to the trendline.
third time luckyHi guys, another 1 hour double top has occurred with a pullback, entry reasons met. my last two have been losses so theoretically there is a higher chance this will be a winner. third time is a charm, lets see how it plays out
waiting candle patterni have found a nice head and shoulders pattern based upon rules i have created in order to read structure. currently sat back watching and waiting for a specific candle stick pattern within its current pullback motion. exits i will take are on the chart however my stop loss may change slightly depending where my entry reasons are met. once something has changed i shall update you guys! what do you guys think? and are you currently enjoying the waiting game? happy trading guys :)
GBPAUD Bearish Signal on D1 ChartDouble Top chart pattern performed in daily chart.
Placing a short entry with risk/reward ratio 1.88
If you agree with this idea, please give us a thumb up!
If you disagree with this idea, please give us a constructive criticism.
Support us with a thumbs up!
Don't forget to leave your comment below!
Your likes and comments would motivate us to share more ideas......
