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NZDJPY Local S/R| 200 EMA| Broadening Wedge| Swing High Evening Traders, Today’s analysis – NZDJPY- trading in a broadening wedge that is likely to breakdown, Points to consider, - Price action broadening wedge - Local S/R Support (200 EMA Dynamic Support) - .50 Fibonacci Resistance - Oscillators Neutral NZDJPY’s immediate price action is trading in a broadening wedge, bearish formation that is likely to be respected with a back test of the .50 Fibonacci. The Local S/R that is in confluence with the 200 EMA Dynamic Support has a high probability of being tested. Both oscillators are trading in their neutral zones, momentum is shifted in either direction once a break comes to fruition. Overall, in my opinion, NZDJPY is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work! And remember, “Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
Short
by AzizKhanZamani
1
XRP Declining Volume| Bearish Volatility Expansion| Impulse SellPoints to consider, Now Conferring XRPUSDT’s Daily Chart, price action has confirmed a strong bearish volatility expansion with clear impulse selling. This has shifted the market structure significantly with a clear low being established. On a technically note, any rallies are to be sold into as the market structure is bearish. The immediate volume profile is declining; currently trading below average with no influxes shows weakness. Any conventions of the Daily and Weekly S/R levels are considered bearish retests until proven. Price action unlike, many other coins, is establishing consecutive lower lows. Maintain this structure with declining volume will greatly increase the probability of a bearish retest before continuation. XRP/ USDT Daily RSI Holistically observing the Daily RSI, a clear oscillation is occurring at the bearish control zone. This again is another tail sign of a further downside being probable as oversold conditions have not been met. The momentum is clearly stored with the bearish, a break and change in market structure will be a tail sing of short term reversal.
Short
by CoinGape
DOT Establishing a key Weekly Range with an important close Points to consider, - Price Action Equilibrium Bull Break - Weekly S/R Established and respected - Strong Bullish Volatility Expansion DOTUSDT has an important weekly close coming up that will determine the momentum of the prevailing bullish trend. Price action is to close in resemblance to a bullish hammer which will indicate strong momentum to the upside. DOTUSDT/Weekly Chart Observing the chart we can see price action forming equilibrium where supply and demand balances before an impulsive break. Evidently being the case this break was a bullish one that followed suite after a Doji Candle Close. The expansion was backed with increasing volume as reflected in the volume profile; this indicated a true break in nature. Follow through was evident that led to an initial bullish volatility expansion. A Weekly S/R was established successfully as price action held a base for two consecutive candle closes, this base associated around the $9.50 region. Holding this level was crucial for a bullish bias as volume indicated strength with follow-though being imminent, again evidently being the case. The evidential fact that this level got respected was a tail sign of further upside. A strong bullish volatility expansion followed suit as price action continued to rise with increasing volume. DOTUSDT managed to put in a swing high at $19.40, marking the all-time high and the current objective for continuation. A well-established weekly range has now come to fruition, with a weekly close in the coming days, will determine the likely-hood of taking out swing high. As of current there has been a strong buy back in price action is resembling a bullish hammer. How this next weekly candle closes will determine the momentum of the prevailing bullish weekly volatility expansion. Hope this article helps when making discretionary decisions
Long
by CoinGape
3
CADJPY Local S/R| Swing High| Bearish Retest| Price Action Evening Traders, Today’s analysis – CADJPY- trading below local S/R where further downside is probable, Points to consider, - Price Action Impulsive - Local S/R Resistance - .618 Fibonacci Confluence - Oscillators bearish control - Lower Local S/R Objective CADJPY’s immediate price action is trading under local S/R that is in confluence with the .618 Fibonacci, allowing for a bearish bias. The oscillators are both trading in their respective bearish control zones, indicative of weakness in the market. The Lower Local S/R is objective, exceeding the level increases the probability of further downside. Overall, in my opinion, CADJPY is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.” – Brett Steenbarger
Short
by AzizKhanZamani
2
USDCHF Local S/R| 200 MA| Swing Low| Price Action Evening Traders, Today’s analysis – USDCHF- trading above the 200 MA with further upside probable, Points to consider, - Price action impulsive - Local S/R resistance - 200 MA support - Oscillators bullish control USDCHF’s immediate price action is trading at Local S/R where multiple candle closes will have a bullish sign. The 200 MA is considered immediate support, price action exceeding this level is indicative of weakness. Both oscillators are trading in their respective bullish control zones, remaining in these regions is indicative of strength. Overall, in my opinion, USDCHF is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “If you have to win, if you have to be right, if you can’t lose or can’t be wrong, you will cause yourself to define and perceive categories of market information as painful.” ― Mark Douglas
Long
by AzizKhanZamani
2
USDJPY Weekly S/R| Swing Low| 21 EMA| Price Action Evening Traders, Todays analysis – USDJPY- trading below weekly S/R with further downside probable, Points to consider, - Price action impulsive - Weekly S/R Resistance - Swing Low objective - Oscillators Bearish USDJPY’s immediate price action is bearish under Weekly S/R, a bearish retest will allow for a short biased trade. The swing low is current objective, price action exceeding thing level will increase the probability of a further trend continuation. Both oscillators are trading in their respective bearish control territories, remaining here is indicative of weakness in the market. Overall, in my opinion, USDJPY is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.” ― Yvan Byeajee
Short
by AzizKhanZamani
4
LINKUSDT 200 DMA| Descending Channel| Swing High| Price Action Evening Traders, Today’s analysis – LINKUSDT- trading above the respected 2000 DMA where a breakout is probable, Points to consider, - Price action channel - 200 DMA S/R - Swing High Objective - Oscillators Neutral LINKUSDT’s immediate price action is in a descending channel, a pattern that is bullish upon a confirmation. The 200 DMA is current support, holding this is critical for a bullish case Swing high is the immediate objective, exceeding this level will increase the probability of continuation. Both oscillators are trading in their neutral regions, holding above there range mid is crucial for a bullish bias. Overall, in my opinion, LINKUSDT is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “A quiet mind is able to hear intuition over fear.” ― Yvan Byeajee
Long
by AzizKhanZamani
3
EURAUD Daily S/R| Bullish Divergence| Local S/R| Price Action Evening Traders, Today’s analysis – EURAUD – trading at key Daily S/R with a bullish divergence, further upside probable, Points to consider, - Price Action Impulsive - Daily S/R Support - Local S/R Resistance - RSI Bullish Divergence - Low Volume EURAUD’s immediate price action is at a key trade location where a bounce is probable allowing for a long bias. The Local S/R is the objective, being at technical confluence with the .618 Fibonacci and 200 MA, resistance is to be expected. The RSI is currently trading with a divergence, being played out will be indicative of strength in the market. Overall, in my opinion, EURAUD is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “The hard, cold reality of trading is that every trade has an uncertain outcome.” ― Mark Douglas,
Long
by AzizKhanZamani
7
ZIPPAY Falling Wedge| Local S/R| Swing high| Price Action Evening Traders, Today’s analysis – ZIPPAY- trading towards its price action apex where a breakout is probable, Points to consider, - Price action apex (Falling Wedge) - .618 Fibonacci S/R Support - Local S/R Resistance (.50 Fibonacci Confluence) - Declining Volume - Oscillators Extended ZIPPAY’s immediate price action is likely to have a break from its falling wedge pattern, typically a bullish formation once confirmed. The .618 Fibonacci is channel support; a wick down here is probable allowing for a long based entry. Local S/R is immediate resistance that is in confluence with the .50 Fibonacci, price action exceeding this level is likely to continue its overall trend. The volume profile is currently declining with both oscillators; a reversion to their mean is probable with an influx in volume. Overall, in my opinion, ZIPPAY is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work! And remember, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee,
ASX:ZIPLong
by AzizKhanZamani
DASHUSDT Local S/R| 200 MA| Swing High| Price Action Evening Traders, Today’s analysis – DASHUSDT- trading above key Local S/R, further upside is probable, Points to consider, - Price Action Impulsive - Local S/R Support (200 MA Dynamic S/R) - Swing High Objective - Low Volume - Oscillators Bullish Control DASHUSDT’s immediate price action is impulsive above Local S/R, a back test and hold of this level allows us to have a bullish bias. The 200 MA is in confluence with the EMA Ribbon bull cross; maintain this bull projector increases the probability of further upside. Swing high is current target, exceeding this level will maintain a bullish market structure. Current volume nodes are below average whilst both oscillators are trading in their respective bullish control zones. Maintaining these regions is indicative of strength in the market once a volume influx comes to fruition. Overall, in my opinion, DASHUSDT is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work! And remember, “Sometimes the best trade is no trade.” – Anonymous
Long
by AzizKhanZamani
2
GBPUSD Support Zone| 200 WMA| Weekly S/R| Price Action Evening Traders, Today’s analysis – GBPUSD- trading above key support with multiple technical confluences, Points to consider, - Price Action Impulsive - Local S/R Support ( 200 WMA & POC Confluence) - Weekly S/R objective - Oscillators Bullish Control GBPUSD’s immediate price action is impulsive above Local S/R, a back test of this level is likely to hold as it is in confluence with the 200 WMA and POC. The Weekly S/R is current objective, clearing this level will increase the probability of trend continuation. Both oscillators are in bullish control zones, remaining in these levels will indicate strength in the market. Overall, in my opinion, GBPUSD is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, . If winning trades give you a buzz, you’re conditioning your mind to drool in anticipation of its next fix. And when it doesn’t happen, it’ll upset your expectations. If thrill naturally arises (which it will), feel it as it is, but then don’t cling to it.
Long
by AzizKhanZamani
GBPNZD Local S/R| Swing High| .382 Fibonacci| Price ActionEvening Traders, Today’s analysis – GBPNZD- trading above Local S/R, acceptance here is indicative of strength, Points to consider, - Price Action Impulsive - Local S/R Support (.382 Fibonacci Confluence) - Daily S/R Target - RSI Bullish Control Zone GBPNZD’s immediate price action is impulsive above Local S/R which is in technical confluence with the .382 Fibonacci; price action is likely to have a bullish reaction here. Daily S/R is current resistance that has a highly probability of being tested once swing high objective is taken out. The RSI is trading in its respective bullish control zone, holding these regions are indicative of strength in the market. Overall, in my opinion, GBPNZD is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
Long
by AzizKhanZamani
2
DOTBTC Local S/R| 200 MA Support| Swing High| Daily S/REvening Traders, Today’s analysis – DOTBTC- trading above local, maintain these regions is bullish in the immediate terms, Points to consider, - Price Action Bullish - Local S/R Support (.382 Fibonacci Confluence) - Daily S/R Target - Declining Volume - RSI Bullish Control DOTBTC’s immediate price action is being accepted above Local S/R, this allows us to have a bullish bias on the market. The Local S/R is in technical confluence with the .382 Fibonacci and 200 MA, price action has currently respected this level. Daily S/R is current target, price action exceeding this level will increase the probability of trend continuation. The volume profile is indicative of declining volume after an influx, this suggest a true break of Local S/R. Follow through in volume is required for a trend continuation. The RSI is in its bullish control zone, remaining in these levels is critical for market strength. Over all, in my opinion, DOTBTC is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember! The goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
Long
by AzizKhanZamani
USDCHF Local S/R| Range Low| .50 Fibonacci| Price Action Evening Traders, Today’s analysis – USDCHF- deviating back into its trading range with an impulse above range mid, further upside probable. Points to consider, - Price Action Impulsive - Local S/R Support (.50 Fibonacci Confluence) - Range High Target - RSI Neutral - POC Resistance USDCHF’s immediate price action is impulsive above range low, allowing us to have a bullish bias on the market. The local S/R is in confluence with the .50 Fibonacci, thus a respect here on first attempt is highly probable. Range high is the immediate target, breaking this will project a trend trade with continuation. RSI is currently neutral, approaching oversold conditions increase the probability of an oversold bounce play. The will create enough momentum to take out immediate POC, allowing for follow though. Overall, in my opinion, USDCHF is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.” – Brett Steenbarger
Long
by AzizKhanZamani
BurgerBNB Local S/R| POC Support| Swing High| Price Action Evening Traders, Today’s analysis – BURGERBNB – Trading above Local S/R, price has been accepted with further upside potential. Points to consider, - Price Action Impulsive - Local S/R Support (21MA Confluence) - Swing High - RSI Bullish Control Zone BurgerBNB’s Immediate price action is trading above Local S/R in confluence with the 21 MA. This allows us to have a bullish bias on the immediate market thus longs are deployable. Swing High is the immediate price objective once the POC resistance is claimed. Upper Local S/R is immediate target, breaking this is likely to lead to trend continuation. The RSI is in its respected bullish control zone, remaining above these regions is indicative of market strength. Overall, in my opinion, BurgerBNB is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.” ― Yvan Byeajee
BLong
by AzizKhanZamani
8
CRVUSDT Double Bottom| 200 MA| Daily S/R| Price Action Evening Traders, Today’s analysis – CRVUSDT- establishing a confirmed trend change from is local double bottom, further upside probable. Points to consider, - Price Action Bullish - Daily S/R Support - .50 Fibonacci/ 200 MA ( lower high region) - RSI Bullish Control Zone - Volume Influxes CRVUSDT’s immediate price action is bullish above Daily S/R, establishing a new swing high; this allows us to have a bullish bias. The Daily SR is immediate support, breaking this below will allow for a deeper pullback, establishing a potential trend higher low. The .50 Fibonacci zone is a crucial level to maintain, the current 200 MA is coming in as dynamic support. Price action respecting these levels will maintain a bullish market structure. The Volume profile is currently above average, indicative of a true trend change as bull volume follow through is present. Overall, in my opinion, CRVUSDT is a valid long with define risk; price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “Hope is bogus emotion that only costs you money.” – Jim Cramer
Long
by AzizKhanZamani
GBPUSD Structural S/R| Swing Low| S/R Flip Retest| Local S/R Evening Traders, Today’s second analysis – GBPUSD- flipping Structural S/R where a back test must hold for a bullish bias, Points to consider, - Bullish Price Action - Structural S/R Support - Local S/R Resistance - Oscillators Bullish Control - Volume Declining GBPUSD’s immediate price action is bullish breaking Structural S/R, a confirmed S/R Flip retest will allow us to have a bullish bias. The Structural S/R is current support, breaking this level will negate our bullish bias on the market. Local S/R is immediate support that is likely to be respected upon first test. Both oscillators are trading in corresponding bullish control zones, price is likely to rise further before officially entering overbought conditions. Current volume profile is below average, an influx is highly probable when testing key trade locations. Overall, in my opinion, GBPUSD is a valid long with defined risk, price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work And remember, “Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
Long
by AzizKhanZamani
MATICUSDT Falling Wedge| Daily S/R| .382 Fibonacci| Local S/REvening Traders, Today’s Analysis – MATICUSDT- trading in a falling wedge pattern where a break bullish is probable. Points to consider, - Price Action Apex - Local S/R Resistance (.382 Fibonacci Confluence) - Daily S/R Support - Oscillators Neutral - Low Volume MATICUSDT’s immediate price action is trading in an apex, a break will be imminent. The formation is a bullish pattern, this allows us to have a bullish bias. Local S/R is current target, this area is in confluence with the .382 Fibonacci, price action has a probability of rejecting here. Crucial support is Daily S/R, breaking below this level will negate our bullish bias as the falling wedge will no longer be in play. Both Oscillators are currently neutral whilst volume is evidently low, an influx is highly probable when the breakout occurs. Overall, in my opinion, MATICUSDT is a valid long with defined risk, price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work And remember, “You’re going to learn a million things, then you need to forget them all and focus on one.” -SunriseTrader
MLong
by AzizKhanZamani
CADJPY Local S/R| Declining Volume| Bearish Retest|Price ActionEvening Traders, Today’s second analysis – CADJPY- bearish breakdown with local S/R target, Points to consider, - Bearish Price Action - Local S/R Resistance (Bearish Retest) - Declining Volume CADJPY’s immediate price action is bearish, breaking down below local S/R. This allows us to have a bearish bias on the market. Any rallies are now technically considered bearish retests; they need to be backed with increasing volume for follow through. Both oscillators are projecting downwards momentum, breaking below 50 mid will enter bearish territory zone. Overall, in my opinion, CADJPY is a valid short with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
Short
by AzizKhanZamani
3
SPY Rising Wedge| Local S/R| .618 Fibonacci| Price Action ApexEvening Traders, Second Analysis – SPY – trading in a valid rising wedge where a breakdown bearish is probable. Points to consider, - Price Action Apex - Local S/R Resistance (.618 Fibonacci Confluence) - POC Confluence (Local S/R Support) - RSI Divergence SPY’s immediate price action is trading close to its apex where a greater probability of breaking bearish persists. The Local S/R resistance is in confluence with the .618 Fibonacci, price is likely to establish a bearish retest here. Point of Control (POC) is in confluence with the lower Local S/R Support. This level will be Price Actions immediate trade location when and if the Rising Wedge breaks bearish. The RSI has a valid bearish divergence, indicative of signalling weakness as momentum starts to shift in the market. Overall, in my opinion – SPY – is a valid short with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work And remember! “Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
AMEX:SPYShort
by AzizKhanZamani
4
RENUSDT Local Range| 200 MA| Volume Climax| Price Action Evening Traders, Second Analysis – RENUSDT – trading in a local range with defined boundaries, range low likely to be tested. Points to consider, - Range High Resistance ( 200 MA Confluence) - Range Low Support - Price Action Bearish Retest - Volume Climax RENUSDT’s immediate price action has established a bearish retest, allowing us to have a bearish on the market. The range high us current resistance that is in confluence with the 200 MA, price has initially respected it. Breaking above this level will be bullish leading into a change in market structure. Volume profile has a valid influx node marking a temporary top, the next influx will be likely at key trade locations. Overall, in my opinion, RENUSDT is a valid short with defined risk, price action is to be used up discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
RShort
by AzizKhanZamani
8
GBPJPY Rising Channel| Local S/R| .382 Fibonacci| 200 DMA Evening Traders, Today’s Analysis – GBPJPY- breaking bearish from its ascending channel, downside momentum probable. Points to consider, - Bearish Price Action - Channel Support Broken - Daily S/R Support - Local S/R Resistance - Resistance Confluence GBPUSD’s immediate Price Action is bearish by breaking ascending channel support, this allows us to have a bearish bias on the market. The Daily S/R is current support that is likely to get respected on first attempt. The Price Action resistance is poised by the Local S/R that has confluence with the 200 DMA and .382 Fibonacci. The Volume Profile is slightly above average, an influx will be noticeable especially when testing key levels such as the Daily S/R. Overall, in my opinion, GBPUSD is a valid short with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.” – Brett Steenbarger
Short
by AzizKhanZamani
6
EURNZD Daily S/R| .50 Fibonacci| Swing High| 200 DMAEvening Traders, Second analysis – EURNZD- breaking out of Daily S/R where a retest is probable before continuation, Points to consider, - Trend Bullish (Swing High) - Daily S/R Support (.50 Fibonacci Confluence) - 200 MA immediate resistance - RSI above 50 - Stochastics Buy Cross - Local S/R Target EURNZD’s immediate trend is bullish with a new swing high of from a double bottom structure. This allows us to have a bullish bias on the market. The Daily S/R is immediate support; price is likely to respect this level as it is in confluence with the .50 Fibonacci. The 200 MA is current resistance, historically price has been respecting it, and so a rejection here is plausible. The RSI is above 50 and there is a valid buy cross on the stochastics, this is indicative of strength in the market as EURNZD holds structure. Overall, in my opinion, EURNZD is a valid long with defined risk, price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, In trading, everything works sometimes and nothing works always.”
Long
by AzizKhanZamani