Price-action
BTC - H1/M15 - SIDEWAYS PRICE ACTION...H1 : In a sideways, slightly downside price action.
Clouds are acting as a resistance zone to break.
2 upside breakout failures so far.
On the downside, a clouds support breakout would
directly put the focus on the 47000 area (yesterday's former intraday low !),
ahead of the double bottom area around 45000.
M15 : Sideways price action.
Watch clouds support zone.
A downside breakout would put the focus on former low of 48050 ahead of 47000
as mentioned in H1
EURJPY - Short Position - 2nd Leg Lower?Hello all
I have been watching the Yen Pairs for a few weeks and after catching the first break out lower, it has now retested the dynamic resistance line where price has been steadily climbing higher the past few weeks.
I'm now in a short position looking for price to head back down to the Monthly Pivot Point
I think the recent break out higher in the stock markets are a stop hunt and I expect them to turn lower in the coming weeks
Reason for entering is
Reached Dynamic Resistance
On the Weekly R2 Pivot
It could head higher to the Monthly R1 first as that would be nearer the 61.8% Fib retrace
Price action in that the bears had far more control in the previous few days and the bullish candles are very small in comparison.
Cheers
Duncan
Banknifty Intraday Trade Setup [19 Feb 2021]Banknifty has broken the major trendline. However, it has strong support zone near 36500 levels.
Shorting opportunity once it breaks 36500 strongly.
Let it break this level and when it retest, you can short Banknifty near 36500. However, you can also short if you found rejection candle near the downward trend line.
XRP - one last liquidity grab before the big bull run? potential scenario from XRP, HIGH RISK - all depends on the fundamentals around who wins the SEC court case Ripple (XRP) are dealing with at present.
looking to retrace the buy i caught before the infamous "Pump XRP Telegram Group" incident. classic example of buy the rumour, sell the news.
- i wonder if the current structure could be exactly the same, if XRP fail to win the lawsuit, will be an easy sell.
EURGBP day buy Price is forming a continuation pattern to the
EURGBP day Price is forming a continuation pattern to the upside.
Watch strong price action at the current levels for buy.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
SUBSCRIBE TO FALCONPIPS
www.youtube.com
copy trade
www.mql5.com
www.signalstart.com
th.zulutrade.com
XRP Declining Volume| Bearish Volatility Expansion| Impulse SellPoints to consider,
Now Conferring XRPUSDT’s Daily Chart, price action has confirmed a strong bearish volatility expansion with clear impulse selling. This has shifted the market structure significantly with a clear low being established. On a technically note, any rallies are to be sold into as the market structure is bearish.
The immediate volume profile is declining; currently trading below average with no influxes shows weakness. Any conventions of the Daily and Weekly S/R levels are considered bearish retests until proven. Price action unlike, many other coins, is establishing consecutive lower lows. Maintain this structure with declining volume will greatly increase the probability of a bearish retest before continuation.
XRP/ USDT Daily RSI
Holistically observing the Daily RSI, a clear oscillation is occurring at the bearish control zone. This again is another tail sign of a further downside being probable as oversold conditions have not been met. The momentum is clearly stored with the bearish, a break and change in market structure will be a tail sing of short term reversal.
Banknifty Shorting Opportunity [21st Jan 2021]Shorting opportunity in Banknifty future if it opens below 32490 with a Stop Loss @ 32620. In case, if Banknifty opens above 32620 and hold for some time then please avoid the setup.
Tomorrow morning look for any rejection candlestick patterns like Bearish Engulfing, Hammer, Shooting Star or any other.
1st Target: 32380-32390
2nd Target: 32240-32260
3rd Target: 32125-32140
4th Target: 32040-32060
In case Banknifty breaks 32000 level, then 31500 might be tested. However, 32000 acts as strong support zone. So, better trade cautiously
Happy Trading!!