gbp supply setupprice might grab liquidity and demand zone below
new pushed up the price to a supply zone and stopped ,this was added confluence
Resistace
EURNZD - Looking To Sell Pullbacks In The Short TermH1 - Bearish Convergence.
Most recent uptrend line breakout.
Currently it looks like a correction is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
✅LITECOIN LOCAL SHORT🔥
✅LITECOIN has hit a key structure level
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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✅NZD_JPY TIME TO SELL|SHORT🔥
✅NZD_JPY is going down currently
As the pair broke the key structure level
Which is now a resistance, and after the pullback
And retest, I think the price will go further down
SHORT🔥
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✅NZD_CAD BEARISH BIAS|SHORT🔥
✅NZD_CAD is going up now
But a strong resistance level is ahead
Thus I am expecting a pullback
And a move down towards the target
SHORT🔥
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Won't you short TLM considering 4H multiple rejection and DT??Hello! As you can see from the 4H time-frame a clear rejection at R1 and R2 gave multiple rejection, when considering the Double Top chart pattern, this setup fits 85%. I am looking forward to the S area.
DYDXUSDT Price Action| Swing Low| Trend| Volume Evening Traders,
Today’s analysis – DYDXUSDT – trading above its current support level where a deviation to the highs is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Range High Resistance
- Low Volume
DYDXUSDT’s immediate price action is impulsive, holding a key level as support, allowing for a bullish bias.
The Range High is the immediate resistance, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
Overall, in my opinion, DYDXUSDT 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.
“Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
XAUUSD - 1H - SCALPING/SWING - SHORTAnalysis:
Yesterday Gold made a huge downside movement with 23% retraction, That was a nice entry point for the Short position.
According to the current situation, the price has already broken the support level and tested as resistance twice.
Entry Point for Short Trade: Currently ideal time for entry
If you like clean analysis like this please follow for more.
Happy trading.!
Best Regards,
The MorningStar Forex
CHFJPY: Chances are Back !If you have missed this one, then your chances are back. Our uptrend was broken then the price went back to the higher levels where it was trading last week. More confluence means less risk. RSI is reaching critical levels pushing bears more. The price can still trade inside the resistance zone for a couple of days, so trade safe and best of luck !
If you like the idea, support us with a like and follow.
MacroForex
GBP_USD STRUCTURE ANALYSIS| CHANNEL
GBP_USD has almost reached the resistance of the greater and the smaller upward parallel channels
That sits on the strong daily resistance level
When the price reaches this area, I will be looking for a short opportunity.
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EURCAD Short- Triangular resistance. Tight stop good targetEURCAD Short- Triangular resistance. Tight stop good target
EURUSD sell H4 If you missed the set up here:
My algo has spotted a new sell opportunity that may allow you to jump on the train (red zone) before a new LOW (green).
Good luck!
USD/JPY - Possible long if there's a break through 111.0495I think there's a chance of USD/JPY going long if there's a break through the first red resistance line, however, if it falls beneath the black line. Possible short.
Blue lines = supports
25/04/2017 DOW Industrials technical analysisThe price has increased rapidly these days, including gaps in that rise, after a clear double bottom at a price level around 20400. This has caused the price to approach a resistance that is close to the level of 21100, Which being a round number, psychologically is a great level to see a rebound. Waiting for a rebound in the resistance, may be most likely, but be very pending to break if the rapid rise continues.
the bullish case for goldI believe the close above long term 61.8% retracement is confirmation that downtrend is over. Looking for reversal at the listed support/resistance levels. this is not investment advice and is purely for educational purposes. best wishes, M
What is next for the £££Today saw a bullish momentum off the back of the announcement by British PM Theresa May about a snap election in June. With the uncertainty about the outcomes of #Brexit negotiations and this election, what is next for the British Pound. I am anticipating a decline from this resistance zone but i will be waiting till the end of the week before i make any judgement.
GBPAUD Short (60 Min)I will be shorting this pair due to the fact that it has hit the same resistance 5 times... Doesn't get any simpler then that! We will see how this plays in the next day or few. Looking to hold for a short amount of time. I will be trying to get a little above the 50 percent Fib level for me to take profit.
GBPNZD - Where to?GBPNZD has been ranging for quite some time now between 1.67455 and 1.79460. The formation of an ascending triangle, and price being above the 200 SMA may imply that a B/O and move up could occur. But, with the continuation of Brexit, will the pair stay down for a while longer?
The pair looks to have hit resistance again, with a Bearish pinbar forming on the daily... will be waiting this one out a little while longer.
Resistance at the upper side of the rising channelThe price have hit today resistance of the uptrend channel.
In my opinion, there won't be enough bulls to break 19,5 EUR.
I expect the correction of this rise, which will probably end at 14,60 EUR (38,2% fibo level)and if BTC price fall down, than the 11,5 - 12,2 EUR level is expected (61,8%).
The RSI level is record high (overbought). Looking back we can see that, at ~95, the price begins to drop. However it's not the long trend reversal.
USDJPY Resistance Trendline Short SetupPretty self-explanatory
Hoping to see some action now that Tokyo markets are open.
Weak Yen at open.
