Puts at retestPrice is testing the broken support now resistance of the bearish flag. I have puts as described. I think the next week is goin to be red. We could have a fake out of the resistance, opportunity to buy more puts.
Retest
CADJPYCADJPY is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the healthy retracement and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH
What you guys think of this idea ?
GBPUSDGBPUSD was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 1.225 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
ELFUSDTELFUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.40
What you guys think of this idea?
USOIL - Bearish Move 📉
As We Talked in The Previous Analysis:
The USOIL Price Failed To Create a New Higher High !
The Price Formed a Descending Triangle Pattern.
The Support Level is Broken.
Currently,
The Price Created a Correction and Touched The Resistance Level!
and Now it Will Continue its Bearish Movement !
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TARGET: 78.70🎯
USOIL - Descending Triangle 📉Hi Traders !
The USOIL Price Failed To Create a New Higher High !
The Price Formed a Descending Triangle Pattern.
The Support Level is Broken
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET: 78.70🎯
Selling Signal: GOLD Retesting Key Support AreaDiscover an enticing selling opportunity in GOLD as it undergoes a critical retest of a key support area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
AUDCHF - New Breakout 📈Hello Traders !
On Friday 20 Oct, The AUDCHF Price Reached A Support Level (0.56345 - 0.56070).
The Resistance Level (0.58100 - 0.58332) is Broken and Becomes a New Support Level.
The Resistance Line Line is Broken.
So, I Expect a Bullish Move 📈.
i'm waiting for retest...
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TARGET: 0.58790🎯
Looks like a retestEarnings punished this stock and pulled it back down to the support area at 140. Is a good company so I bought the stock at current levels. On the other hand I think is going to try again to break up the 180 level. I don't mind holding this one for several weeks.
GBPJPY - New Breakout 📈
Hello Traders !
As We Talked in The Previous Analysis:
The GBPJPY Price Reached a Daily Support Level (180.750 - 180.093) and Broke The Resistance Line
Currently,
The Price Created a Rectangular Range.
The Upper Resistance is Broken.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 185.920🎯
GBPJPY - BULLISH MOVE 📈
As We Talked in The Previous Analysis:
The GBPJPY Price Reached a Daily Support Level (180.750 - 180.093) and Broke The Resistance Line
Currently,
The Price Created a Rectangular Range.
The Upper Resistance is Broken and Becomes a new Support Level.
The Price Created a Correction and Touched The Support Level!
and Now it Will Continue its Bullish Movement !
-----------
TARGET: 185.920🎯
NZDCHF - Important Breakout 📈Hi Traders !
On The Daily Time Frame, The NZDCHF Price Reached A Support Level (0.51902 - 0.52084).
Currently:
-The Resistance Level (0.53330 - 0.53574) is Broken and Becomes a New Support Level.
So, I Expect a Bullish Move 📈.
i'm waiting for retest...
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TARGET: 0.54075🎯
EURGBP - Change of Character 📉Hello Traders !
On The Daily Time Frame, The EURGBP Price Reached A Strong Resistance Level (0.87348 - 0.87190).
Currently, The Price Failed To Create a New Higher High.
The Last Higher Low is Broken (ChoCh).
The Support Line is Broken.
So, I Expect a Bearish Move📉.
i'm waiting for retest...
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TARGET: 0.86260🎯
Bitcoin's Tight Squeeze: Are We Preparing for a Big Move Up? 🚀Bitcoin (BTC) is experiencing a period of intense consolidation, characterized by narrowing price ranges and increased trading activity. This compression often precedes a significant price movement, and based on the current dynamics, many traders are gearing up for a potential bullish breakout.
Squeeze & Liquidity Sweeps: The Tug of War
In recent market sessions, Bitcoin has been exhibiting a strong squeeze pattern, causing price volatility to contract. Despite this tightening range, there's a noteworthy trend – liquidity sweeps are primarily occurring on the upside. Liquidity sweeps involve large market orders that briefly dip into specific price levels to trigger stop orders or accumulate positions.
What's Ahead: A Retest of the Daily Imbalance
As we navigate this period of compression, many market participants are keeping a close eye on the daily imbalance level around $31,000 - $32,000. The significance of this range lies in the liquidity dynamics. Traders are eyeing a potential retest of this zone, which, if successful, could trigger a renewed bullish momentum.
Trading Strategy: Navigating the Uncertainty
For traders, the current situation is both a challenge and an opportunity. This tight consolidation phase is an ideal time to refine trading strategies and adopt risk management techniques. The impending price movement might provide exciting trading opportunities, but it's essential to be prepared for both bullish and bearish scenarios.
Conclusion: The Calm Before the Storm?
While Bitcoin may appear to be in a tight squeeze, the market is far from idle. Liquidity sweeps and the potential retest of the daily imbalance zone add complexity to the picture. With these dynamics in mind, traders are ready to seize opportunities as they arise, whether it's a breakout to the upside or a different turn of events.
🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis
❗See related ideas below❗
Share your thoughts and analysis of Bitcoin's current situation. 💚🚀💚
GOLD - Resistance Becomes Support !
As We Talked in The Previous Analysis:
The XAUUSD Price Broke a Resistance Line.
and Reached a Strong Resistance Level (1987.530 - 1972.240).
Currently, This Key Level is Broken.
-The Resistance Level Becomes a New Support Level.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 1.83370🎯
GOLD - BULLISH MOVE 📈
As We Talked in The Previous Analysis:
The XAUUSD Price Broke a Resistance Line.
and Reached a Strong Resistance Level (1987.530 - 1972.240).
Currently,
The Price Created a Correction and Touched The Support Level!
and Now it Will Continue its Bullish Movement !
-----------
TARGET: 2033.000🎯
CADCHF - BULLISH MOVE
As We Talked in The Previous Analysis:
On Thursday 19 Oct, The CADCHF Price Reached a Support Level (0.64800 - 0.64950)
The Price Created a Rectangular Range.
The Upper Resistance is Broken.
Currently,
The Price Created a Correction and Touched The Support Level!
and Now it Will Continue its Bullish Movement !
-----------
TARGET: 0.65980🎯
EURNZD - Bearish Triple TOP 📉Hello Traders !
-The EURNZD Failed To Create a New Higher High.
-The Price Formed a Triple TOP Pattern.
Currently,
-The Neckline is Broken.
So I Expect a Bearish Move !
i'm waiting for retest...
-----------
TARGET: 1.78590🎯
Possible retestWe may see a retest soon. I'm speculating and buying calls expiring on 11/03. I may buy more tomorrow and Friday if price action helps. The ETF is clearly oversold and hitting a strong support. We might have a couple of green weeks in he near future.
Breakout takes one and a half year to happen | Long BiasWeek Chart
AAVE already has broken #Resistance Line by Descending Trend Line. But it has another one at $110 ahead.
Wait for #Retest Step after Resistance turn into Support
Time will tell
NZDCHF - Bullish Double Bottom 📈Hello Traders !
On 4H Time Frame, The NZDCHF Price Reached a Support Level (0.51902 - 0.52084)
Currently, The Price Formed a Double Bottom Pattern.
The Neckline is Broken.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 0.53330🎯
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AUDCHF - New Breakout 📈Hello Traders !
On Friday 20 October, The AUDCHF Price Reached A Daily Support Level (0.56345 - 0.56070).
Currently, The Price Failed To Create a New Lower Low.
The Last Lower High is Broken (Change of Character).
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 0.58100🎯
NZDCAD - Bullish Double Bottom📈Hello Traders !
On Friday 20 October, The NZDCAD Price Reached a Support Level (0.79808 - 0.79418)
Currently, The Price Formed a Double Bottom Pattern.
The Neckline is Broken.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 0.81100🎯
