It's time for a pullback on EURUSD On Friday, EURUSD reached the level of 1,0836
It's now time for a pullback before the breakout and continuation down.
We don't yet have any reasons to buy and that's why we're staying way from taking any positions.
The levels around 1,1000 will be preferable to sell in case of rejection.
Pullback
AAPL: Hit our target at the 21 ema! What's next?Hello traders and investors! Let’s see how AAPL is doing today! It is doing exactly as we described in our last analysis, but we have to update our thoughts now.
First, in the 1h chart, it is trading under the $ 172, the most important support level in the short-term, but it just dropped to hit the next support level around $ 170 (keep this point in mind).
The bearish reaction was weak, but as long as we don’t break the $ 172 again, it won’t turn bullish in the 1h chart again. What’s more, we are under the 21 ema, and we don’t see a bullish structure yet. This seems to be just a correction in the daily chart:
Yes, AAPL hit our target at the 21 ema, a natural and expected movement, and it is trying to stabilize. We don’t see any bullish reaction, but if we do, now is a good time.
Of course, it would be interesting to see it retesting the retracements, but the $ 170 seems to be a strong support, and we must lose it first. To me, the area at $ 168 is the ideal support, as it is the 38.2% retracement, and the previous top in March.
I’ll keep you guys updated on this, so, remember to follow me to keep in touch with my daily analyses!
AUDCAD - Looking To Sell Pullbacks In the Short TermD1 - Price is bouncing lower from a key resistance zone.
Bearish divergence.
Expecting short term bearish moves to happen here.
H1 - Bearish trend pattern.
Until the key resistance zone holds I expect the price to move lower further after pullbacks.
VETUSDT PullbackThe price is testing the 0.5 Fibonacci level on the daily timeframe on 0.67$ after a rejection on 0.088$ daily resistance.
On the 4h timeframe, the price is creating a triangle, and the price is testing the previous dynamic support again.
How to approach?
The price bounced on the previous supply zone on 0.064$. The price needs to flip again the daily resistance, and if the market is going to satisfy our rules, we could see a retest of the previous 4h support now resistance on 0.72$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
EURJPY Buy IdeaD1 - Higher highs.
Currently it looks like a pullback is happening.
Expecting the price to continue higher further after pullbacks.
H1 - Currently it looks like a flat correction is happening in the form of a range.
Bullish divergence.
A valid breakout above the top of the range would be the validation for this bullish view.
BTC - DAILY - WATCH MBB !DAILY (D1)
The yesterday's failure to hold above both ongoing uptrend support line and the TENKAN-SEN triggered a downside move which pushed the BTC towards a low so far @ 44'419, having tested during the night both the MID BOLLINGER BAND support and the former downtrend line (top of the triangle pattern !)
Ongoing today's price action will be important and especially its daily closing level; indeed a closing above 44'500 would keep live the TRIANGLE (pullback consolidation) and a closing below would add more trouble putting the focus on lower levels towards the 42'900 (KIJUN-SEN) % 50% Fib re t 37'567 - 48'234)
RSI on a downside move mode and LAGGING LINE too !
In order to neutralise this ongoing selling pressure the BTC should at least recover and hold above the TENKAN-SEN @ 46'186 on a daily closing basis ! which if occurs would trigger a bullish engulfing pattern.
4 HOURS (H4)
Currently below the CLOUDS which are very THIN, meaning also very fragile on both side !
Currently the top of the H4 CLOUDS @ 45'958 coincides roughly with the level to break on the daily chart and globally corroborate the global picture.
Watch the clouds as a failure to recover and hold above it would increase the selling pressure towards the next support levels previously mentioned in D1...
1 HOUR (H1)
Below the CLOUDS too; currently trying to recover above the TENKAN-SEN (@ 45'267). A successful breakout on a hourly closing basis of this level would open the door for 45'810 (KS) ahead of MBB @ 45'955 (also top of the H4 clouds)
No bullish divergence detected yet suggesting that recent and current short term price action is, for the time being, corrective only...
IRONMAN8848. - Jean-Pierre Burki
NVDA: When will it stop correcting?Hello traders and investors! Let’s see how NVDA is looking today!
First, in the 1h chart, it lost the key point at $ 272 (green line), which was not easy, and now it is just seeking its next support levels, as usual.
However, we can’t say it is a bull trend anymore, not in the 1h chart, at least, but if NVDA holds at the $ 262 area (red line), the previous support level, it might do a reversal pattern soon. What’s more, this support is quite close to the 21 ema in the daily chart:
In the daily chart, NVDA is already bullish, as we are doing higher highs/lows. The 21 ema is at $ 262, quite close to the support at $ 262 in the 1h chart, indicating that this is a dual-support level, seen in two different time-frames. This is a good candidate point for a reversal, but we must see a good reaction first.
To me, it would be great to see it reacting at this support area, and closing above the $ 265 (black line) again. This would be the confirmation sign we need on NVDA.
Despite the drop since March 29, we don’t see any bearish structure on it, and all we can assume is that this drop is just an ordinary pullback to the 21 ema, as it always does when the trend is bullish. NVDA could correct more only if the SPX/NDX keeps correcting, but hardly this would indicate a change in the trend.
I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
pullback trend line on #btc chart🔥hi there guys I wish the profitable life for you all.
one of the setup's that have a good wining ratio is breaking the pullback trend line, normally beginner traders enter after the breakout but pro's will wait for the pullback after it I draw it to understand better for you.
please feel free to comment below.
cheers .
BTCUSDT: Pullback pattern against bullish breakoutHello traders!
Today BTC was looking strong bearish but suddenly it started a strong bullish move and this bullish move clearly shows that BTC is pulling back.
There are 2 different kinds of patterns, dependent and independent patterns.
The pullback pattern is always dependent on another pattern, it is always connected with another pattern and in the end, the pullback pattern pushes itself inside the previous pattern.
Same will happen in BTC, this pullback pattern is trying to pull itself inside the previous pattern and looks like it will be successful. Once it pulls inside the previous pattern then it will lose its strength and we will see some reaction pattern after that.
The reaction pattern will most probably push it downside again and it will push it without any mercy.
Trading is a game of Probability and there is still a chance that the reaction pattern will be in a favor of the buyers but most probably it will be in the favor of sellers and once it starts to drop it will show no mercy.
Don't forget to hit the like button and follow to stay connected
⭕️BUY SOLANA Crypto in a convenient and safe place🧐⭕️You see Solana's analysis in four hours(SOLUSDT , 4H)🔎
🔰Given that Solana has returned from a strong support range (purple range) and has broken the white downtrend line 2 and 3, and it is expected that after the price returns from the resistance range with which it is engaged and the price pullback❗️ to the line White downward trend 3, I will buy❗️
The expected price movement is marked in yellow and I set the target in the purple resistance range, which overlaps with the downtrend line 1👌
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_________________________📈TRADER STREET📉_____________________________
⭕️BUY GOLD at the right Place and Time📊⭕️In the gold analysis image in the time of 30 minutes (XAUUSD , m30) 🔎
you can see that the constraints and resistance with purple color and trend line are marked with white color, as well as the expected movement is marked with yellow.
I'm waiting for pullback Price to the support range. in case of moneyback , i will buy❗️❗️
⚠️⚠️Please observe capital management and open a low volume transaction.❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
__________________📈TRADER STREET📉___________________
BTC - UNCERTAINTY AND INDECISION ...WEEKLY (W1)
The weekly picture is showing a BREAKOUT ATTEMPT to cross over the top of the WEEKLY CLOUDS resistance area @ 47'407- Wait for either VALIDATION or I NVALIDATION by the ongoing weekly closing level.
DAILY (D1)
Sideways price action caught in a relatively narrow trading range which is showing some uncertainty and indecision about further development.
Yesterday's closing price @ 45'820 was below the TENKAN-SEN (45'925) and today's ongoing price action is showing a recovery attempt above the TS, which today @ 46'167after having been supported by the ongoing uptrend support line, currently @ 45'565
LEVELS TO WATCH (daily closing basis ! :
UPSIDE : R1 :46'167
R2 : 47'218
R3 : 48'234
A DAILY CLOSING ABOVE 48'234 WOULD CONFIRM FURTHER UPSIDE TOWARDS THE PSYCHOLOGICAL 50'000 RESISTANCE LEVEL AHEAD OF THE VERY IMPORTANT 50'975 LEVEL WHICH IS THE WEEKLY KIJUN-SEN !
DOWNSIDE : S1 : 45'565
S2 : 44'159 (38.2% Fib ret)
S3 : 42'900 (50% Fib ret & KS)
RSI @ 61.36, below its uptrend support line and the LAGGING LINE moving in a SIDEWAYS mode.
A DAILY CLOSING BELOW 44'650 WOULD PUT IN TROUBLE THE STILL VALID TRIANGLE PATTERN TARGETING 57'620
4 HOURS (H4)
Currently roughly IN THE MIDDLE OF THE H4 CLOUDS SUPPORT AREA, caught between the KIJUN-SEN in support @ 45'982 and the TENKAN-SEN in resistance @ 46'391.
Watch the upcoming H4 closing to get more clues about further development then watch the CLOUDS and respectively :
46'785 on the upside
44'493 on the downside
A FAILURE TO HOLD AND CLOSE ON H4 time frame above the clouds bottom level @ 44'493 would corroborate the implications previously mentioned in D1
1 HOUR (H1)
WATCH THE CLOUDS TOO as a good leading indicator in this H1 time frame.
The bottom of the clouds coinciding also with the H1 Tenkan-Sen level @ 45'985 !
As usual monitor closely intraday shorter time frames which will help you to catch early signals which will validate or invalidate the implication of the scenario mentioned in longer time frames.
Have a nice Sunday (Winter is back in Switzerland...)
All the best and take care
IRONMAN8848. & Jean-Pierre Burki
www.tradingview.com
UNVR broke the trend lineAfter broke thre trend line with high volume, the price got exhausted and need more demand to continue the new trend after reversal. So thre price will retrace. There are two areas of demand. For this case, I will pay attention to the price action instead of putting limit order.
If the price show reversal pattern (can be pin bar or engulfing candlestick) in the first demand zone (rectangle), I will buy. If the price still continue the pullback, I will set the limit order in the second demand zone (the lower rectangle).