USD/JPY idea short 1hHey i have a little idea for a short position it goes like this.
A rising wedge pattern is made but does not rise and falls below the pattern so a reversal is coming i think.
Plus he also hit my support on the week time frame so i think my reversal is confirmed now wait and see.
If he should still return and turn above the pattern, then take a long position it's also the weekend this is just a calculation but it seemed like a possible solution when the market opens again.
Enjoy your weekend everyone!
#RisingWedge #Bearish
Shorts
Follow-up Update on NASDAQ - Down-move has started?This is in continuation from my weekend update on NASDAQ:NDX where I mentioned that we should likely be headed down from the upper channel line of rising wedge. Yesterday we got a negative daily close and in hourly timeframe, we can see clean 5 waves down. More in the video.
SOL and BTC Longs and Shorts Clear inverse relationship between the longs and shorts on SOL.
White (longs)
Orange (shorts)
Right now the longs have reached the same level as when SOL hit its high of 200 back in march this year. Longs got dumped on recently on this small sell off but interest remains at elevated levels.
Shorts coming off their lows and seem to bottom when SOL price peaks.
Longs build up pushing price to local highs then there leaves no one left to buy so price goes after the liquidity (shorts).
Opposite happens with shorts buildup. Price sells off some, shorts pile on pushing price lower until it reaches the local bottom then price reverses once all the longs get liquidated. Then price goes after shorts liquidity.
What then becomes the difference maker is how much spot volume comes in. At the bottom I have the aggregated volume of multiple exchanges showing the spot volume (light) compared to the perp volume (dark). Right now spot volume is pretty low; however, volume is low in general.
My takeaways:
SOL either needs to liquidate these longs while building up shorts. This would put shorts offside setting up for a nice reversal pump into the EOY taking out all the shorts creating a nice squeeze.
Or perhaps spot buying picks up eventually and the longs interest slowly rises surpassing prev long interest causing the breakout.
Similar analysis here on BTC but the short interest is pretty significant. Could be those who are arbitraging the perp funding rate by shorting instead of directional shorts but who knows exactly why.
If BTC begins to break out with strong spot buying soon after election uncertainty and EOY capital flows then all this short interest could get squeezed setting up for a perfect pump higher breaking out of this wretched range.
Time will tell. I think election uncertainty has market on edge as well as war/ recession fud.
EURUSD Technical Analysis! SELL!
My dear subscribers,
This is my opinion on the EURUSD next move:
The instrument tests an important psychological level 1.0990
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0979
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
AUDUSD Will Collapse! SELL!
My dear subscribers,
AUDUSD looks like it will make a good move, and here are the details:
The market is trading on 0.6886 pivot level.
Bias - Bearish
My Stop Loss - 0.6919
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.6832
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
XAUUSD Shorts from Supply After News
I'm looking for shorts around 2655 after the news release. Price has recently taken out the nearest demand zones and could be looking to drop to a lower area of demand around 2600. If news comes out lower than expectations (bad for USD) price could hit the 2665 area before falling. Waiting for strong selling or a liquidity sweep near a high before I enter.
USDCAD Will Collapse! SELL!
My dear friends,
USDCAD looks like it will make a good move, and here are the details:
The market is trading on 1.3596 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.3547
Recommended Stop Loss - 1.3624
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
TESLA My Opinion! SELL!
My dear subscribers,
My technical analysis for TESLA is below:
The price is coiling around a solid key level - 238.28
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 227.90
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Don't miss out on bearish move!From a daily point of view, we can see that 3 bearish candles formed August 28,29 and 30th. Afterwards, on the 4 hour chart, the pair made a lower low and began to retrace into fair value gap yesterday afternoon, but immediately rejected from that level. This morning, price rejected that area again, indicating the bearish continuation may go on.
EURUSD Technical Analysis! SELL!
My dear followers,
I analysed this chart on EURUSD and concluded the following:
The market is trading on 1.1114 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1076
Safe Stop Loss - 1.1139
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Still holding AUDUSD sells - Who's with me ?AUDUSD is likely to maintain a slightly bearish bias for the remainder of the week due to a combination of fundamental factors:
1. China’s Economic Slowdown: Australia’s economy is heavily tied to China due to its exports of raw materials like iron ore and coal. Recent weak economic data from China, including softer industrial production and ongoing concerns about its property market, have weighed on commodity currencies like the Australian dollar.
2. US Dollar Strength: The USD has remained strong, supported by expectations that the Federal Reserve may keep interest rates higher for longer. While the Fed is not expected to raise rates this week, the ongoing resilience in US economic data, particularly in the labor market and retail sales, is keeping the USD in demand.
3. RBA’s Dovish Outlook: The Reserve Bank of Australia (RBA) has adopted a more cautious tone recently, with inflationary pressures easing slightly and domestic economic growth showing signs of moderation. This has reduced market expectations of further rate hikes, weakening AUD.
4. Commodity Prices: Softness in commodity prices, particularly in key Australian exports such as iron ore, has added downside pressure to the AUD. Global risk sentiment remains fragile, and lower commodity demand amid concerns about global growth, especially in China, has further dampened the outlook for the Australian economy.
These factors suggest a continuation of bearish pressure on AUDUSD, although potential rebounds in risk sentiment or unexpected shifts in central bank policy could provide short-term relief for the pair.
EURUSD: Will Start Falling! Here is Why:
Balance of buyers and sellers on the EURUSD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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SILVER: Forecast & Technical Analysis
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SILVER pair price action which suggests a high likelihood of a coming move down.
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USDCHF A Fall Expected! SELL!
My dear subscribers,
USDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.8479 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8452
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK