NZDCHF Daily Range|.382 Fibonacci|21 EMA| Swing Low|Price ActionEvening Traders,
Today’s Analysis – NZDCHF- finding range high as resistance, a reversion to range-mid is probable,
Points to consider,
- Price Action Impulsive
- Mid-Range Support (.382 Fibonacci Confluence)
- 21 EMA Dynamic Support
- Range High Resistance
- Below Average Volume
NZDCHF’s immediate price action is impulsive above Range Low; a retrace is healthy for further upside.
The current Range- Mid is in technical confluence with the 21 EMA and .382 Fibonacci, price action is likely to have a reaction here.
Range High is immediate resistance, price breaking this level with conviction will negate the short trade.
The volume profile is below average, an influx is highly probable when testing key trade locations.
Overall, in my opinion, NZDCHF is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.”
― Yvan Byeajee
Rangehigh
NZDJPY Daily S/R| .382 Fibonacci| Volume Influx| Price Action Evening Traders,
Today’s analysis – NZDUSD- impulse breaks above Daily S/R, confirming an S/R Flip Retest is critical for uptrend momentum.
Points to consider,
- Price Action Impulsive
- Daily S/R Support (.382 Fibonacci Confluence)
- Swing High Objective
- Range High Target
- RSI Bullish Control Zone
- Valid Volume Influx
NZDJPY’s immediate price action is bullish above Daily S/R, holding this level allows us to have a bullish bias on the market,
The Daily S/R is support that is in confluence with the .382 Fibonacci, price action respecting this level will deem acceptance above.
Swing high is immediate objective, clearing this level will make the immediate target upper Daily S/R Resistance.
The RSI is in its respective bullish control zone, again maintaining this region is critical for price action strength.
There is a valid volume climx indicating a true break of a level, follow through is needed for continued strength in price action.
Overall, in my opinion, NZDJPY is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee
GBPUSD Local Range| Bearish Retest| Range Low| Volume InfluxEvening Traders,
Today’s Analysis – GBPUSD- deviating back into local range with range low being the target,
Points to consider,
- Price Action Impulse
- Rang Mid Support
- Range Low Target
- Oscillators Extended
- Volume Influx
GBPUSD’s immediate price action has confirmed a bearish retest; this allows us to have a bearish bias.
The local range mid is current support, this level is in confluence with the 200 MA that has been lost.
Range low is likely to be tested, this area is the immediate target, breaking below will have revised targets.
Both oscillators are overextended; a reversion to their mean is probable which will coincide with an oversold bounce
.
The volume profile has a valid climax, climatic volume is suggestive of a temporary top/ bottom being in place as price find its equilibrium.
Overall, in my opinion – GBPUSD – is a valid short with defined risk, price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
It does not matter how slowly you go as long as you do not stop.”Confucius
GBPUSD Long |Range Low| .382 Fibonacci| 200 MA| Price Action Evening Traders,
Today’s analysis – GBPUSD- breaking back into range, currently testing range mid, a pull back into range low is probable.
Points to consider,
- Price Action Impulse
- Range Low Support (Technical Confluence)
- Range High Target
- Oscillators Neutral
- Low Volume
GBPUSD’s immediate price action is impulsive, follow through will allow us to have a bullish bias on the market.
Range Low is in confluence with the .382 Fibonacci and 200 MA, price action is likely to be respect this region upon first test.
The Range High is immediate target, price action breaking this level will very bullish in the immediate short term.
Both Oscillators are currently neutral, trading in the bullish territory zone, remaining at this zone shows strength.
Volume profile is currently below average, an influx is highly probable with the test of range low as this is the next trade location.
Overall, in my opinion, GBPUSD is a valid long with defined risk, price action is to be used upon discretion/ management of trade.
Hope this analysis helps,
Thank you for following my work!
And remember,
“Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
TSLA Swing High| Range Low| .618 Fibonacci| Bearish RetestEvening Traders,
Today’s analysis – TSLA- swing high back into range, price action is currently bearish under range high.
Points to consider
- Bearish impulse break
- Range low support
- Range high resistance (bearish retest)
- Stochastics sell cross
- .618 Fibonacci
TSLA’s bearish impulse back into range allows us to have a bearish bias on the market.
The Range low support has been respected, leading into a sizeable bounce. Price action respecting range high will establish a bearish retest.
The stochastics has a valid sell cross coming to fruition, this is indicative of momentum shifting.
Immediate target is the .618 Fibonacci, holding this area will be crucial for the bulls.
Overall, in my opinion, TSLA is a valid short with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
LRCBTC Weekly S/R|Range High|.618 Fibonacci|Technical DivergenceEvening traders,
Today’s Analysis – LRCBTC – breaking back into weekly structure with the immediate target range high.
Points to consider,
- Immediate trend bullish
- Weekly S/R confluence (.618 Fibonacci)
- Range high target
- Oscillators diverging
- Structural higher low
The immediate directional bias is bullish due to consecutive structural HH’s and HL’s. The weekly S/R is in technical confluence with the .618 Fibonacci, an S/R flip retest is likely to hold true.
Range high is the immediate target, breaking this level will continue the trend; higher weekly targets will be objectives.
Oscillators are both diverging, price established a higher low, and oscillators established a lower low, this is a technical hidden bullish divergence.
Overall, in my opinion, an S/R Flip retest of the weekly level will allow for a valid long with defined risk. Price is action is to be used upon discretion and management of the trade.
What are your thoughts?
Thank you for following my work!
And remember,
“When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance.” – Mark Douglas
BTCUSD Key Levels|Pivotal Point|Volume Climax|10K PsychologicalEvening Traders,
Today’s Analysis – BTCUSD – breaking down once again from the $10,000 Psychological level, now trading at local resistance.
Points to consider,
- Impulse bear move down
- Local resistance (multiple confluences)
- Range support (bear target)
- RSI and Stochastics overextended
- Volume Climax evident.
BTCUSD’s impulse move down broke below local resistance which has multiple technical confluences.
The 200 MA is in confluence with the .382 Fibonacci retracement , body candle closes below or above this will give us a directional bias.
The bear target is range support; BTCUSD is in a clear range on the daily timeframe
Both RSI and Stochastics are recovering form overextended conditions, a swing low failure will be a bullish sign.
BTCUSD has established a volume climax node; this usually indicates a temporary bottom as price finds its equilibrium before its next impulse move.
Overall, in my opinion, BTCUSD’s price needs further development; price action will help with the directional bias as this is a pivotal point in the chart.
What are your thoughts?
Please leave a like and comment,
And remember,
“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.” – Jesse Livermore
XLMBTC Range Median| Structural Resistance| S/R Flip Evening Traders,
Today’s Analysis – XLMBTC – must hold range median upon a retest to test structural resistance (range high)
Points to consider,
- Range median (local support)
- S/R flip retest must hold
- Structural resistance (Immediate target)
- Volume below average
XLMBTC’s range median is in confluence with local support, a trade location where an S/R flip must hold for a bullish continuation.
The structural resistance is a technical target as it is the range high of this consolidation area.
Volume is clearly declining and remaining below average, this is usually an indication of an influx being imminent.
Overall, in my opinion, XLMBTX needs to develop more to confirm its S/R flip. Establishing a new level as support will allow for a defined risk long trade into structural resistance (range high).
What are your thoughts?
Please leave a like and comment,
And remember,
“Remember our definition of a winning attitude: a positive expectation of your efforts with an acceptance that whatever results you get are a perfect reflection of your level of development and what you need to learn to do better.” ― Mark Douglas