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EURO-HORIZ trading range.last bearflag?Hello everyone As we see New York markets struggle in the past couple of days,many down fall of prices in the different markets are noticeable,however in EURUSD we can't see that much change. Now the price is in a horizontal trading range with long shadowed bars ,after a trend line break, late in a bear market;I don't know about you but this screams final bear flag to me.In situations of such,I expect to see a reasonable down trend in lower time frames after a retest of a moving average ( 20 maybe) and a lower low major trend reversal which can create good reasonable buy setup for swing trades. For now. the price might stay in trading range for the rest of this week ( good for scalpers) so our support level of 1.05$ will stay unbroken until next week and the price will stay in this channel.
by HubAlgo
EURUSD: The Range Trap 🐻The more I study this chart the more I see the potential for buys to liquidate sell-side liquidity. Using logic, it would seem that buy-side liquidity has already been swept and any trapped sellers that got caught on the breakout have been given an opportunity to close out of negative positions to join the correct side of the market (Hopefully Buys) With this theory, we could assume that this fresh demand will be the zone to give buyers strength to push for that sell-side liquidity. If the price respects this demand throughout London, I will consider buying into the weak supply, updates to follow. Give this post a thumbs up if you like my breakdown! 🔥
Long
by AlkalineFX
7
EURO - Continuation as bear flag!!Hello everyone As we have seen a great loss of support level 1.078$ and 1.06$ on EURUSD, now we have the support level 1.05$ which leave us with possible outcomes of: - Continuation of the wedge that can be seen in 4 hours chart as bear flag which is more likely because of the last daily bar with the shadow almost as long as the body and the context of bear market on daily chart. This will lead to fall of the EURUSD to lower channel with the support level of 1.035$ which the price last seen on Dec 2016 & Jan 2017. - Or we can have the price continues in the channel between 1.06$ and 1.05$ for the whole week and wait for a reversal pattern. The war in Europe also can be a factor in our bear trend.
Short
by HubAlgo
2
BTC/USDT : Two possibilities to Short the movement!BINANCE:BTCUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! Recently we called a Short position on $40350 and it turns out with a great result! Now $BTC has pulled back from the Range's Low And it has reached the Range's mid. Based on our data, The First Short position has come with an opportunity to take at Range's mid with an SL above our last rejection line at $40320. And the Second opportunity will be created if we get the closings below $38100. Then you can locate your Short with an active SL above Range's mid at $39200. ( Active means that we need those candles close to triggers our SL ) The last word, If we get caught on SL, Then I'll be looking for possible Long above Range's high. Also, there'll be another Short Possibility at Range's High. That's why I didn't mention further information... Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
30
Will We "Affirm" A New Direction This WeekWill We “Affirm” ( NASDAQ:AFRM ) A New Direction This Week? I strongly believe that a new direction will be affirmed for Affirm Holdings, Inc. (AFRM) this week. I've identified several reasons why I anticipate a new direction for the stock. Bullish divergence on the daily chart. AFRM is in the buy zone. AFRM is in a range on the daily chart. Outcome Expected- Break from range through the upper channel *Identified risks- -It will be very important to watch price action because the stock is currently trading below the 200, 50, 21 and 9 moving averages. Hence, the reason why I will be making a safe entry once the stock moves above the upper trendline or 9 MA. -AFRM is ranging and I wonder if it will continue to do the downside as a continuation from the inverted cup and handle pattern or make a shift to the upside -AFRM has earnings on May 12, 2022. I look forward to watching what happens with AFRM over the next few days.
NASDAQ:AFRMLong
by MrALtrades00
1