PENGU — S/R Flip & Breakout Scenario1. S/R flip at 0.0151 — wait for retest
2. Enter on successful hold above 0.0151
3. Target: 0.0198 (Fibo 1.236)
4. If fails to hold above 0.0151 — scenario invalid
Sr
EURUSD 26/8/24Coming into this week, we maintained a very clear bullish directional bias that we identified last week in our analysis. We do not expect this bias to change suddenly. You can see in our chart that we have a straightforward idea, which is a continuation of the trend from the similar trajectory we established last week. However, if the price sells off, giving us a significant pullback within the higher time frame range, it could change the outlook. If we take out the low marked on our chart, it will indicate a higher probability of a move toward lower prices, taking us down into the higher time frame area of demand.
We’ve only marked one order block within our current range because it’s the only one available. Any other order blocks on the sell side will need to be created before we can consider them, which is why they are not included in this week’s analysis. Overall, our bias is long, and we’re looking for an interaction with either the established trajectory or the area of demand just below it. If we break down out of this range, we’ll look for lower prices, and our bias will shift to short-term bearish. However, our daily time frame still shows a clear bullish momentum, and we aim to follow this.
Trade safely, stick to your risk management, and always follow your plan.
NEARUSDT can ascend further!Hi.
BINANCE:NEARUSDT
😊Today, I want to analyze NEAR for you in a WEEKLY time frame so that we can have a Mid-term view of NEAR regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
NEAR is testing the s/r zone on weekly timeframe🤔
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
short trade entryconfluences:
overall market dump
bearish pivot
s/r flip
bearish .618
bearish break of structure
exits:
range POC
LIQ HUNT
expecting a HNS/choch after reaching ote zone
EURCAD 1.38 incoming!!EURCAD has respected the previous SR zone of 1.46 and is now moving back down to the 1.38 zone, the move should be clean and fast.
Baltic Dry Index drops to 2020 levelsCoinciding with talks of recession, the Baltic Dry Index (which can be thought of as the cost of international shipping of primary goods and so an economic indicator) is approaching the lows seen during 2020. With a 60% drop left to the 1D Cosmic Channel Lite support and Cosmic Markers Lite not yet flashing the strongest support signals the prognosis is bearish with a potential reversal at 270.
META neutral near Cosmic Bands top1D price rose close to the max Cosmic Bands resistance, potentially forming a new Cosmic BB SR level. Statistically this would be a point of reversal but max resistance has not been reached on higher timeframes and it may be a good idea to wait for bearish confirmation.
SPX at overlapping resistanceSPX price has risen to high-maximum resistance on multiple timeframes while showing few bullish signs, suggesting a drop is likely. The short target is set at the extrapolated 1W Cosmic Gravity resistance channel top.
Bitcoin above $70k resistance levelThe neat thing about Cosmic Flow is that is lets you use one MA period for the resistance and another one for the support. Here we used the HMA with 50 bar resistance and 100 bar support to recognize a repeating pattern on the 1W chart, in combination with the Cosmic BB SR indicator. While these two indicators show that the price is now more bullish than it was during the last $70k top in November 2021, the Cosmic Angle indicator is still showing a significant negative trajectory and is changing its angle at a very slow pace. This information suggests two likely effects: 1) a large and sudden bullish movement 2) a gradual reversion to the Cosmic Flow basis line.
Coal futures 1M short forecastWhile according to the 1D signal the price should reverse back up, the other timeframes suggest that the bearish trend may continue at least until the Cosmic Bands S1 line, where the short target is set.
Copper Futures above BB SR resistanceThe chart points paint a bullish picture although the price is just above support levels on the 1M and 1D timeframes. The long target is set at the next extrapolated 1M resistance and the stop at the 1D basis line.
USDJPY 1D neat forecastingBy combining the levels show by the 2 indicators Cosmic Flow and Cosmic BB SR it is possible to forecast the amount the price will drop (or rise) as shown with the vertical red arrows. The price is currently at a level it consecutively tested twice and were it to drop further a rough estimate for a short target using the current trajectory would be in the $125-126 region.
DXY major overlapping support targetThe 6h, 1h, and 15 minute timeframes show the next concentrated support to be at $100.7 (thick red line), while the next minor 1D timeframe support lies at $100.1. The price hovering below the current 6 hour Cosmic BB SR support suggests further downward momentum.
NZDUSDIn this market, I see 2 suitable positions to enter, which I have explained in the chart.
It is better to wait for a suitable entry trigger in the lower time frame (H4 / H1) in the ranges I have specified for entry, then enter the position.
Of course, there is no certainty in any analysis and these signs help us to increase the winning percentage of our transactions.
USDJPY ShortIn the specified area, the possibility of price reversal is high.
1. Back to the broken area
2. FTB
3. 61.8% Fibonacci
4. Back to Base Zone in DBD
5. Reward: 7
1M DXY short signalsThe two signal points marked in the chart suggest the current drop still has some way to go until either a Cosmic BB SR support level is formed or the Cosmic Angle value approaches zero.
Short - Traders gonna tradeGU is such a perfect short right now
Hitting previous SR levels - poised for a test of previous lows and a triangle formation
This thing is set for a nice trade!!!
Daily resistance level - UCAD Short OpportunityUSDCAD has performed well recently, but is hitting a daily resistance level for the third time.
The next support area is around the 1.32 level and makes for a nice short opportunity.
Simple support and resistance trading with clear entry and exit positions.
GU short to 1.06GU is absolutely primed to short and re-test the 1.06 level
With the pair retracing, its setting up for the perfect short and coinciding with the long term trend.
The trend is your friend on this one and lets see the 1.06 level re-tested.
Btcusd 02 May 2022With the daily close of 1 May, with 90% confidence, we can assume that:
BTC TOP is going to be around 40k
BTC BOTTOM is going to be around 37k
Since the opening of the candle we can see that slowly the market moved in the long direction, approaching the 39k area
Our moving average rating, gaves us a LONG entry on 15 min at the beginning of the daily candle.(38300), and on 30min, at 38600
From Volume point, we can see that the POC is around 39k area, so if you dont want to enter now, you can until 39k is being broken and start the scalp position
From the fundamental POV, news that can affect $/BTC ISM Manufacturing PMI (Apr) , where the current forecast is bullish.
I believe currently we can scalp a long position, before we test the 40k area which we can use it as a take profit point and enter a potential scalp short entry .
UNI resistance breakoutprobably buying if this 4h candle (which is also the last 1D) closes above the 4h resistance rectangle I drew
TP1: 10.8
TP2: 11.2
SL: 8.85
leave a like if this was helpful!
let me know what you think in the comments ↓
MTF Order Block Finder Final Update!
Release Notes: FINAL UPDATE
This script is Open Source and completely free and will remain public indefinitely!
We'll be releasing a Private Script with extremely useful Alert Conditions in ~1 Week!
Consider following my Profile to see updates regarding trial periods and subscriptions.
Start using the Free version of MTF Order Block finder before moving onto the Premium version,
with Alerts based on High Timeframe candles entering and leaving Order Blocks!
How To Use Order Blocks
1. Set the "Resolution" to a higher timeframe than your intraday chart (1H, 4H, D...)
2. Configure your "Order Block Style and Colors" to your liking
3. Pending Trade Setup - Price enters and closes within an Order Block
4. Entry Condition - Price exits and closes outside of an Order Block
5. Second Entry Condition - Confirm with your favorite momentum indicator (RSI, Stoch, TDI, Squeeze...)
6. Set your SL to the Order Block's furthest level (top or bottom)
7. Set your TP to the next Order Block's closest level (top or bottom)
8. Brew some coffee (or tea) and ride it out.
Support and Resistance and Moving average strategy Support and Resistance and Moving average strategies incorporated
