USDCHF - 2 SCENARIOS 📉📈Hello Traders !
On The Daily Time Frame, The USDCHF Reached a Resistance Level.
Currently, We Have 2 Scenarios:
Bullish Scenario📈
If The Price Breaks and Closes Above The Resistance Level,
We Will See a Bullish Move...
TARGET: 0.90130🎯
Bearish Scenario📉
If The Market Breaks The Neckline (0.87860 - 0.87426) and Closes Below That,
We Will See a Bearish Move...
TARGET: 0.86120🎯
Neckline
GBPJPY - Bearish Scenario 📉Hello Traders !
On The Daily Time Frame, The GBPJPY Reached a Strong Resistance Level (188.816 - 188.301).
The Price Formed Triple TOP Pattern.
Let's Expect The Bearish Scenario:
If The Market Breaks The Higher Low (1.70595 - 1.70440) and Closes Below That,
We Will See a Bearish Move...
TARGET: 184.900🎯
Polkadot(DOT): Head&Shoulders Pattern = Good Sell Opportunity? DOT coin is back on our spotlight with a great format forming here (head and shoulder pattern)
While we see good potential for this kind of movement, we still need to fully form that right shoulder, which can also be good for some short-term selling positions! But as always, our best entry relies on that neckline zone, which we are looking to break sooner this week!
Swallow Team
TIAUSDT: Watch for Bearish Reversal Signals📊 Overview:
TIAUSDT, following a brief consolidation post-bullish trend, shows potential for a bearish reversal. Bearish divergence on 1-hour and 4-hour timeframes, along with a forming head & shoulders pattern on the 1-hour chart, raises caution of a downward move.
📈 Technical Analysis:
Bearish signals include divergence on multiple timeframes and a developing head & shoulders pattern, suggesting a potential shift in trend.
📉 Trade Strategy:
Traders should await confirmation signals, considering short positions on a break below the head & shoulders pattern neckline or further bearish divergence.
🛑 Risk Management:
Mitigate risks with strategic stop-loss orders to safeguard against unexpected price movements.
📉 Conclusion:
TIAUSDT's recent signals hint at a potential bearish reversal. Traders should closely monitor for confirmation, considering short positions based on confirmed signals.
EURCHF - Inverted Head and ShouldersHi Traders !
On The Daily Time Frame, The EURCHF Price Reached a Support Level (0.94357 - 0.94176)
The Price Formed an Inverted Head and Shoulders Pattern.
Currently,
The Neckline is Broken.
So I Predict a Bullish Move📈.
Let's Wait for Retest...
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TARGET: 0.95940🎯
Current Weekly Chart Channel on BTCUSDWe can see the bottom trendline has held support thus far and the red double bottom neckline is holding wick support. Definitely key trendlines to watch in the near future. I could see it retesting the red neckline once the weekly 50ma(in orange) comes up to overlap it for double reinforced support. *not financial advice*
EURNZD - Bearish Scenario 📉Hello Traders !
Previously, The EURNZD Price Formed a Bearish Double Top Pattern.
Currently, The Price Reached a Support Level
The Support Line is Broken !
So Let's Expect The Bearish Scenario:
If The Price Breaks The Support Level and Closes Below That,
I Will Sell on Retest...
TARGET: 1.72600🎯
NZDUSD - Bullish Inverted Head and Shoulders 📈Hello Traders !
On The Daily Time Frame, The NZDUSD Price Reached a Strong Support Level (0.58138 - 0.57406)
The Price Formed an Inverted Head and Shoulders Pattern.
Currently,
The Neckline is Broken.
So, I Expect a Bullish Move📈.
i'm waiting for retest...
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TARGET: 0.61030🎯
MATIC/USDT - H&S Neckline Was Broken !MATIC/USDT is showcasing a classic bearish head and shoulders pattern
with a defined neckline that has recently been broken. As Price has had a nice breakdown, it did not have any re-tests of that same broken zone of neckline.
We are seeing a good chance of our target zone still being reached, but we might see a slight bullish movement, maybe to re-test that same neckline zone.
Swallow Team