Retest
Retest Strong Support | Long BiasOn 4H TF
I figured out two waves had completed, you can see it on the chart.
Now, MAV is trading at 0.204x and accumulating around this level
I expect MAV will go up if it doesn't close below 0.197
Nearest target for bullish around 0.22 that is my view
Wait for next move
USDCHF - 2 SCENARIOS 📉📈Hello Traders !
We Have 2 Scenarios on USDCHF:
Bullish Scenario📈
If The Price Breaks and Closes Above Resistance Level (0.90893 - 0.90135) !
We Will See a Bullish Move📈
TARGET: 0.92070🎯
Bearish Scenario📉
If The Market Breaks The Support Level (0.89868 - 0.90135) and Closes Below That
I Will Sell on Retest...
TARGET: 0.88780🎯
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SOLUSDTSOLUSDT 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 26 followed by 30
What you guys think of this idea?
EURNZD - Break of Structure 📈Hello Traders !
On The Daily Time Frame, The EURNZD Price Reached A Support Level (1.75750 - 1.74798)
Currently, The Price Failed To Create a New Lower Low.
The Last Lower High is Broken (Break of Structure).
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 1.80650🎯
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AUDUSD : Bearish Move 📉
Hi Traders !
As We Talked in The Previous Analysis:
The AUDUSD Price Formed a Head and Shoulders Pattern.
The Neckline is Broken.
The Support Line is Broken.
The Price Created a Correction and Touched The Neckline
and Now it Will Continue its Bearish Movement
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TARGET: 0.62100🎯
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EURAUD I Potential upside Hello,Traders!
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EURAUD is trading in an uptrend on the weekly and a downtrend
on the daily. 1.6640 structure daily high was recently broken and created a
new high at 1.6703. The price has pulled back to the neckline area and
showing rejection from 1.6557 support. If this support holds, price will likely
continue to the upside to retest 1.6700 zone. LONG!
Trade safe and good luck!
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Check out other forecasts below too!
Bullish on Shop.
Hello all, As you can see here on the 15-minute chart we are in a channel. I drew these lines and supply zones on the hourly chart. I am looking for a bullish breakout and retest of resistance with a high volume bounce off with good volume on the Hiekin Ashi candlestick chart. I am looking long because the market seems to go where the liquidity is. Thank you for reading my analysis.
GU: “Break & Retest” Setup on “Momentum” Set Stop Entry (33/100)System has identified a “B&R” playbook setup and a potential “momentum” shift sell stop entry during the third hour of the LONDON 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in LONDON and only using all GBP pairs. The win rate and expectancy are unknown. Please do not take these trades.
GBPNZD: “Break & Retest” Setup on “IBM” Buy Stop Entry (33/100)System has identified a “B&R” setup and a sell stop on the break of the inside bar for an entry executed during the second hour of the LONDON 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in LONDON and only using all GBP pairs. The win rate and expectancy are unknown. Please do not take these trades.
GA: “Break & Retest” Setup on “Momentum” Buy Stop Entry (32/100)System has identified a “B&R” playbook setup and a potential “momentum” shift buy stop entry during the first hour of the LONDON 12-Candle Window.
RISK: 1R
TARGET: 2R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in LONDON and only using GBP pairs. The win rate and expectancy are unknown. Please do not take these trades.
GBPCAD - Bearish Double TOP 📉
Hello Traders !
On Friday 22 Sep, The GBPCAD Broke a Strong Support Level (1.65373-1.67148)
This Key Level Becomes a New Resistance Level.
The Price Created a New Correction in The Previous Week!
Currently, The Price Formed a Double TOP Pattern.
The Neckline is Broken.
So, I Expect a Bearish Move !
i'm waiting for retest...
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TARGET: 1.63830🎯
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BNB => Ascending channel retest 🚀🚀🚀Binance Coin (BNB) has emerged as one of the stalwarts in the cryptocurrency space, showcasing remarkable strength and resilience. Let's delve into the fascinating world of BNB's price action, particularly its impressive ascending channel on the weekly chart, and explore the potential for a bullish breakout.
Binance Coin's Ascending Channel: A Powerhouse of Potential
The weekly chart reveals BNB's remarkable performance within an ascending channel.
This channel represents an area where BNB's price oscillates upward within well-defined boundaries.
Ascending channels often serve as powerful indicators of a bullish trend.
Anticipating a Fakeout: A Clever Strategy
As BNB moves within the confines of this ascending channel, traders should be aware of a potential fakeout.
A fakeout occurs when the price temporarily breaks below the channel, tricking traders into selling.
Look how fakeout can be done :
A fakeout is a strategic move by whales and market participants to shake out inexperienced traders.
The Art of the Retest: A Bullish Sign
Should BNB execute a fakeout, it often follows up with a retest of the ascending channel's upper boundary.
The retest serves as a validation of the channel's significance and a strong bullish signal.
Experienced traders often view retests as prime entry points for long positions.
BNB's Weekly Strength: An Encouraging Indicator
BNB's ability to maintain its upward momentum on the weekly chart is a promising sign.
Strength on the weekly timeframe is often seen as a sign of potential further growth in the mid to long term.
Conclusion: Seizing the Binance Coin Opportunity
As Binance Coin demonstrates its strength within the ascending channel, traders and investors have the chance to make informed decisions and capitalize on potential opportunities. Understanding the nuances of a fakeout and the subsequent retest can be a strategic advantage.
While the cryptocurrency market remains dynamic and unpredictable, recognizing and leveraging these patterns and signals can empower traders to navigate the ever-evolving landscape.
Remember to employ sound risk management practices and stay informed. Engaging in discussions, sharing your insights, and being part of the crypto community can be invaluable in this exciting journey. 🚀💼🌐
❗See related ideas below❗
Feel free to like, share, and leave your thoughts in the comments.💚🚀💚
NZDCHF - Bearish Double TOP 📉Hello Traders !
On Friday 29 Sep, The NZDCHF Price Reached a Supply Zone (0.54738 - 0.55028)
Currently, The Price Formed a Double Top Pattern.
The Neckline is Broken.
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET: 0.52950🎯
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AUDCHF - Bearish Move 📉
Hello Traders !
On 29 Friday September, The AUDCHF Price Reached A Resistance Level (0.59166 - 0.59294).
Currently, The Price Failed To Create a New Higher High.
The Last Higher High is Broken (Break of Structure).
The Support Line is Broken.
So, I Expect a Bearish Move📉.
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TARGET: 0.57420🎯
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USOIL - Waiting For Breakout...
Hey Traders !
The USOIL Price Broke a Strong Daily Support Level (85.90 - 84.15)
Currently,
-This Support Level Becomes a New Resistance Level.
-The Support Line is Broken.
So, I Expect a Bearish Move📉
i'm waiting for breakout...
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TARGET: 78.60🎯
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BITCOIN BULLISH short term!!!Bitcoin has broken through a massive downtrend and is now retesting the diagonal or dynamic resistance. If bitcoin manages to hold these levels, I would exspect prices to move higher at tap the 28k level.
This is a great area to enter a long while managing your risk for a 2% max loss on trade if your stop-loss hits.
You can also see that on the 6hr TF is is well oversold which is more bullish than bearish in the medium term.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
CADCHF - Break of Structure 📉Hello Traders!
On The Daily Time Frame, The CADCHF Price Reached A Strong Resistance Level (0.68135 - 0.68320).
Currently, The Price Failed To Create a New Higher High.
The Last Higher High is Broken (Break of Structure).
The Support Line is Broken.
So, I Expect a Bearish Move📉.
i'm waiting for retest...
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TARGET: 0.66300🎯
___________
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EURGBP - Bearish Double TOP 📉Hello Traders!
The EURGBP Price Reached a Daily Resistance Level (0.87014 - 0.86951)
Currently, The Price Formed a Double Top Pattern.
The Neckline is Broken.
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET: 0.86190🎯
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