Nasdaq ScenarioNasdaq Scenario For Today
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Yesterday NAS went all the way up to ~11980 Mark and right now looks like it is pushing to ~12209 Mark.
Note that ~12209 is a major resistance zone, last time NAS was at that point we spiraled down.
Right now i expect NAS to get a correction (see ABC) and even go as further as correction into a
downwards channel. The other possibilty is that NAS will go further up, but it is too bullish for me and i
expect that correction.
Another possibility is that when the election results are in NAS will be moving mad, since i expect big
banks from Europe and Asia to have either major buys or sells.
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We have to keep in mind that market is really volatile right now and it might be better to wait until the
election results are in.
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Trade safe, whoopty
Past performance is not an indicator of future results
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Let me know your thoughts and questions, don't be greedy dawg and give me a like and follow for
bigmoney profits.
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ScenarioPainter
Scenario
Gold ScenarioGold Scenario
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Be cautious when taking this trade, tommorrow is NFP. Might be better to sit it out.
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We have to keep in mind that market is really volatile and stoploss hunts are frequent.
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Trade safe, whoopty
Past performance is not an indicator of future results
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Let me know your thoughts and questions, don't be greedy dawg and give me a like and follow for
bigmoney profits.
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ScenarioPainter
EURJPY Swing ScenarioEURJPY Swing Scenario
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We can see a possible inverse cup handle, this is on the daily so this is a big swing trade.
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Trade safe, Whoopty
Past performance is not an indicator of future results
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Let me know your thoughts and questions, don't be greedy dawg give me a like and follow.
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ScenarioPainter
EURCAD ScenarioEURCAD Scenario
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EURCAD was consolidating, broke out and found rejection since it is in a major S/D zone.
Right now we can either see it break to the upside of the zone and go further up to ~1.55764 Mark.
Or it will go back into the consolidation box and either go up or down to ~1.52909.
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Trade safe, this is a volatile pair. Watch out for stoploss hunts.
Whoopty
Past performance is not an indicator of future results
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Let me know your thoughts and questions, don't be greedy dawg give me a like and follow.
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ScenarioPainter
Nasdaq ScenarioNasdaq Scenario For Today
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Nasdaq has broken out of the channel and went up to ~11615 Mark. That zone is a big resistance zone.
If nasdaq breaks through the zone we will go up to ~11980 Mark. If it fails to break the zone we are going
back into the box and we will go down to ~11206 Mark.
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We have to keep in mind that market is really volatile right now and it might be better to wait until the
election results are in.
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Trade safe, whoopty
Past performance is not an indicator of future results
╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳
Let me know your thoughts and questions, don't be greedy dawg and give me a like and follow for
bigmoney profits.
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ScenarioPainter
EURCAD ScenarioEURCAD Scenario
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Wacht out for SL hunts, market can be volatile
Trade safe, whoopty.
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Past performance is not an indicator of future results
╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳
Let me know your thoughts and questions, don't be greedy dawg give me a like and follow.
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ScenarioPainter
Scenario: return by means of "Fiffi" theory @ USD/TRYUSD / TRY is already triple (D1-H4-H1) overbought. If the the first D1 candle close above the north BB, the course probably turn to the middle band. Target price is 7.30000. Technical resistance: 8.50000 (magic number)
The currency pair can turn earlier, if the TCMB make a verbal or non-verbal intervention. Be prepared!
EUR/NZD Bullish Scenario / Top-Down Analysis🔸 4H CHART EXPLANATION:
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🔸Price bounced at the Daily Support Zone.
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🔸It has broken the Descending Trendline.
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🔸We need a breakout of the Resistance Zone to confirm the bullish view. The potential target is the next Resistance level at 1.8200.
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🔸 Will look for a lower timeframe bullish setup.
🔸 DAILY CHART ANALYSIS:
ETHEREUM SCENARIO ANALYSIS|
bigger picture
ETHEREUM IS TRADING BELOW A STRONG WIDE RESISTANCE LEVEL.TO BREAKOUT OR TO SINK? THAT IS THE QUESTION
(1) A 1+3 scenario link seems most plausible
(2) The price getting within the wide resistance will be in a range for a while, as part of scenario 2
(3) ETH might tank to collect stops and retest the lower or higher bound support levels
(4) Trade from key levels, depending on the scenario the price is acting out
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BITCOIN STRUCTURE ANALYSIS| BULLISH TRIANGLE
closeup view
big picture
BITCOIN IS TRADING IN A BULLISH TRIANGLE, TESTING A RESISTANCE LINE
(1) BTC can either breakout up and go higher
(2) OR it will retreat back to the comfort of a newly gained support
(3) Bullish breakout is more tradable as the breakout can be clearly identified
(4) But wait for the breakout to be confirmed!
(5) Picking BTC from the lower support will be a great trade too!
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LIKE and SUBSCRIBE for KARMA boost;)
EURUSD - what to expect next week (24-28 Aug)After a month of sideways price action, it is amost time for EURUSD to pick a direction.
Indeed, as we can see, the price will face a compression soon as the ascending trendline and the channel midline are about to meet. This attention area is indicated by the orange triangle. The direction of the breakout will most likely indicate which side of the channel be broken also.
This compression will lead the breakout to reach the respective target box.
Scenario at play | Mid term: BTC to 15K USDScenario still at play. 1 BTC = 14-15K USD for September-October-November of 2020 following simple trend inertia guided by ascending channel on weekly candles.
Azarous funamentals
Predominance of buying volume overall. Selling volume is only higher when it hits, but immediately after this, steady and considerable amount of buying volume, shows up for various consecutive days. (See it by yourself in daily candles.)
The amount of BTC 'hodlers' has been recently hitting all-time records, signaling a bullish market sentiment for BTC:USD.
Whenever we see price dropping it, we see quick buying and pumping, during those short-lasting dips in price.
Please press like if you agree with the basic idea. Cheers!
Bitcoing holding signaling bullish market sentiment
- cointelegraph.com
- nairametrics.com
- www.tradingandinvestmentnews.co.uk
EURO-DOLLAR SCENARIO UPDATE|STRUCTURE ANALYSIS
EURUSD has peaked at 1.19, breaking out of the strong resistance in red, yet failed to seal the gains and rolled back, unwinding the breakout.
However, the diagonal 11 year treandline is certainly broken, as the weekly candle closed above it.
Therefore, there are three scenario for the EURUSD in the near future
SCENARIOS:
Scenario 1- the most likely one: the pair will be bouncing beck and forth between the red resistance and the diagonal trendline, having that as a form of diagonal correction. It is however necessary for the diagonal support to be broken.
Scenario 2- As the diagonal support is unbroken, it is possible for the red resistance to get broken again and the 1.19 level to get retested, forming a double top. 1.19-1.20 level for EURO is economically unsustainable, thus I don't think that the pair can stay there for long
Scenario 3-EURUSD finally goes back below the trendline, to the green support, as a from of manifesting a realization that the latest breakout was a temporary matter.
Scenario 1 gives great opportunities for both longs and short, allowing us to trade the reverse triangle, but wait for the diagonal support to be broken.
Thank you for reading, like and subscribe and have a nice day!
Gold technical analysThe gold has just come out of this form of right-angled upward widening, if this rise is clearly supported by the psychic zone of 1800, then gold will most likely go towards the goals: 1895/1930 / 1955. But be careful, if the price returns to the form of enlargement, this would mean that it was a deceptive breakout and gold would fall around 1670 and even less, it is an unlikely scenario but it is not to be ruled out.
GOLD ANALYSIS|MARKET MAKERS DEAL|THREE SCENARIOS EXPLAINED
Hello friends,
To begin with, Gold is clearly in the uptrend on monthly, weekly and daily timeframes. Therefore shorts work with smaller probability. Just keep that in mind.
The asset is near a very important level of 1800 and the area around it, so some accumulation before a breakout attempt is expected. We are currently trading in a range , which is crossed by a diagonal support line.
I am convinced that the 1800 level will be tested sooner than later, so It might be so that the diagonal support stands and we see the red resistance breakout and then we might go long after pullback.This is a scenario when there is no volumes left to collect on these levels, and market makers will push the market higher, speeding up the events. That is scenario 1(black arrows)
However, this would be too easy, and the alternative scenario(blue arrows) is that the diagonal support gets broken and the range trading continues for some time.
This scenario is easy to trade, with the key question being: which way does the range go in the end. Well, the answer is that trading is probabilistic so we cant know, and therefore we will trade the range until a breakout either way. If the range breaks out higher, then the long scenario is valid again.
By the way, ranges are the ideal money making setups for market makers, which is more obvious in stocks, but remains valid for other assets too. Ride small waves, spook retail traders and collect the stops.
Scenario 3, is a breakout lower, and a short after a pullback. Gold market makers need liquidity and should they get a chance, read, if the buying is sloppy, they will push the mkt below the level, to collect retail traders stops and ride a way down to collect the volume. There, the market will accumulate strength to finally test the 1800 level/area.
Thank you for reading. Like and subscribe if you want more analysis.
EURUSD SCENARIO BREAKDOWN
The pair has bounced off the the local high and is now at a local support level.
There are two scenarios presented on the charts. First one is the bounce up scenario, with the subsequent return back down and breakout of the support with the second scenario then being a also a continuation of the first one in some sense.
The second one implies an immediate breakout and a correction lower to the first meaningful level.
I am highly skeptical of the continuation of the euro rally and I am convinced that a correction is overdue. Therefore, Both scenarios imply an ultimate move down.
Guys, Like, subscribe and comment.
I wish you all the best of luck in your trading.
USD/CHF Bearish View by ThinkingAntsOk🔸 WEEKLY CHART EXPLANATION:
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🔸 Price was rejected at the pullback to the broken trendline.
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🔸 Now, it is facing the Support Zone.
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🔸 We consider that if price breaks this zone, then it has potential to reach the next Support Zone at 0.9200.
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🔸 Will look for a lower timeframe bearish setup.
🔸 4H CHART ANALYSIS: