GBP/USD: Continuation of bearish trendGBP/USD: Continuation of bearish trend
> Overarching bearish trend
> Bullish correction broken to the downside
> 200er MA + POC above current price
> Bearish Engulfing Trigger + Follow-up candle
Probablity of a short move high. Please manage your risk in the current markets. Markets are very skittish and irrational. We are trading with 0.5% maximum.
Best
Meikel & Team WSI
Swingtrade
Falling Wedge- Bullish- Keeping a close eye on CRM here as its finally starting to break out of this falling wedge it's been holding for quite some time now. Big increase in buyer volume relative to seller volume as shown on the RSI with some slight bullish divergence on the daily timeframe, and some more bullish divergence on the weekly timeframe (See Attached Chart Below).
- CRM closed out the week reclaiming its 20-Day SMA while also testing the upper trend line on the falling wedge it's been holding. On top of all that, CRM's EMAs are starting to curl upwards, with multiple gaps to fill on the upside heading into earnings, all signs pointing towards a breakout.
- Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime
--Weekly chart & Price Targets Attached Below--
PT1- $192.54
PT2- $196.23
PT3- $202.72
PT4- $205.18 +
--Weekly Timeframe--
US30 - Approaching Sell Zone 🩸We can see that we're on the C wave now, which is made up of 5 subwaves. We are currently in wave 2 which appears to be an expanding flat correction. Watching for price to come up to our sell zone and reject.
Trade Idea:
- Watch for rejection of sell zone and/or fibonacci
- Look for lower timeframe trendline break
- Enter with stops above the recent highs
- Targets: 30,000, 27,500
Goodluck and as always, trade safe!
GBP/USD: Short Trendtrade H1GBP/USD: Short Trendtrade H1
> H4 structural break
> LH and LL established
> POC above current price
> BOS is our sell zone
This is a short-term H1 Setup, coupled with the preceeding H4 structural break.
We already published the H4 idea, but this setup can be used further.
Meikel & Team WSI
EURCHF: How to Catch The Next Bullish Move 🇪🇺🇨🇭
I have nicely predicted a pullback from a key weekly structure on EURCHF.
Ahead is a strong daily supply area.
To catch a further bullish continuation, wait for a bullish breakout (daily candle close above) of 0.9786 - 0.982 area.
After a breakout, a bullish continuation will be expected to 0.987 / 0.9915
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GBP/USD: Short about to rolloverGBP/USD: Short about to rollover
> Price at upper end of overarching bearish trendchannel
> Break of inner bullish trend to the downside
> LL-LH-Sequence
> POC above current price
> General USD-strength ahead of NFP on Friday
Generell USD strength after strong ISM data. Short move likely. Only event risk: NFP on Friday.
As always: Manage your risk, especially during the summer months.
Meikel & Team WSI
$BTC finally overtaking the 60day simple moving averageOK time to dust off the old TV account again!
$BTC has moved above the 60 day simple moving average and historically when this happens after a period of consolidation, BTC will trend for at least a couple of weeks with the 60 day mean price offering a good spot to rebuy in the result of a pull back.
I expect some headwinds obviously at the 28k-29k level for the obvious reason of being a zone of major bounces in the past, so would probably be looking to take profits there and rebuy the retest of the 60day SMA.
If this idea is to fail i have a stop below the wick of the prior thrust candle and below the 60 day SMA around 20.4k
tldr
Initial Target 29k
Stop 20.4k
using the 60 day SMA as a guide to buy pull backs or to get out if it gives way
Sign up to the best exchange FTX right here
and help a brother out 👇👇
ftx.com
Tata CoffeeAfter consolidating for a year, this stock may give a breakout.
Volume looks impressive, weekly closing above the resistance may give a good move. Add it in your watchlist.
GBPUSD: Detailed Technical Outlook 🇬🇧🇺🇸
I received a lot of questions from you this morning about GBPUSD.
Even though the pair is very bullish from the middle of July.
I want to remind you that we are trading in a global bearish trend
and I would consider a current bullish move to be a correctional wave.
Analyzing a price action, I spotted a nice little bearish flag pattern.
I assume that the market will keep growing within than till it reaches some significant supply zone.
The closest such an area that I see is 1.233 - 1.2483 zone.
I will expect a bearish reaction to that zone and the trigger that I will look for to short the pair will be a bearish breakout of a flag's support.
Then a bearish continuation will be expected at least to 1.206
Alternatively, bullish violation of the underlined yellow structure may push the market to higher structure levels.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GBP/CHF Possible idea for huge gains.possible for a big retracement as its nearing all time lows and support from years prior.
3 take profit levels.
A reversal would be the jackpot with 700+ pips possible.
Or possible for a break below support and retest in which case can go short.
trade at your own risk.!
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 65% chance Bitcoin will Fall from our current entry point.
📉 SHORT BTC - Entry Price : $23,810 📉
💵 Length of trade: we are expecting BTC to hit a $185 scalp, with a high end of $300, and a minimum expectation of $125.
📰 We see BTC hitting $23,640 at least twice in next 14 hours (we see it trying to go down, and retracing back to its starting point more likely, than staying at its dropping point), with
possibly attempting a try down to 23,470.
🕰️ Duration of trade: we are expecting this to occur not within 4 hours, likely taking longer. We feel possibly over 8 hours of this signal, with a maximum duration of 14 hours .
📰 Generally Weekends can take a long time with 2 mini-spikes about $150-200 in both directions. We see a low end spike for $300 as a logical max some time early a.m. EST.
Don't get Greedy on the Weekend Take Profits early and even if Small.
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 65% chance Bitcoin will Fall from our current entry point.
📉 Short BTC - Entry Price : $22,775 📉
💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $600, and a minimum expectation of $175. We Feel it have a strong chance to Re-Test 22k
🕰️ Duration of trade: we are expecting the minimum target to occur within 2.5 hours, with a maximum duration of 7.5 hours .
GBP/CHF: Long Reversal running & FED commentGBP/CHF: Long Reversal running
> Higher high and higher low printes
> inner trendline break
> quadruple bottom
> POC below current price
We are seeing broad GBP-strength, also visible in GBP/CAD, GBP/AUD, GBP/JPY and GBP/NZD. GBP/CHF checks all the criteria for a long entry according to our H/L Wall Street System.
Post Fed Meeting
The dust has settled since the FEDs epxted 75bps interest rate hike. During the press conference Powell communicated what we call a "dovish hike". The FED did hike interest rates, but the forward guidance is not as strongly hawkish as in the past anymore.
Now, the FED ist data-dpendent, which is a softer stance on rate hikes. The consequence is a risk-on reaction in the markets: Stocks are rising, USD and JPY is weakening and Crypto is rallying.
Please always remember:
Trading is a game of probabilities. This means that a single trade is not important. A system plays out over a large number of trades (i.e. 100-200 trades). Every trade should be taken with a risk as a % of your capital. Risk management is absolut key. A win rate of 70% means: Out of 100 trades, you will have 70 wins and 30 SLs. Do not risk your account on the 30 SLs.
Best
Meikel & Team WSI
vix coming to critical level of supportweve only seen this low in uvxy 3 times, they were all this year, and they all happened with broader markets in a downtrend. all im seeing right now is buys on uvxy, and if the selloff continues with multiple sectors like xlf, xlv, spy, qqq, iwm, and especially soxl hitting new lows of the day at the same time its almost a guarantee that vix pops once again at this level on the daily targeting the upper horizontal (high 13s/low 14s), and if the bounce continues with sector rotation occuring and consolidation forming in major indices this etf is headed for the lower horizontal (high 8s/low 9s).
DOLLAR INDEX (DXY) Key Zones to Watch 💵
After setting a new higher high higher close 10 days ago, Dollar Index is retracing.
Here are the key zones to watch from where we may see a trend-following move:
Support 1 - 2 is based on a confluence zone between a major rising trend line and 105.1 - 105.8 demand zone.
Support 3 is based on 102.5 - 103.8 demand zone.
Once one of these zones is reached, look for a confirmation on long time frames to confirm a coming bullish impulse.
I will post an update one I spot a decent confirmation.
Alternatively, bearish breakout of these zone will trigger selling waves.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EUR/GBP H4: Short pressure risingEUR/GBP H4: Short pressure rising
> Bullish trend broken
> Re-Test successfull
> break of structure, change in sequence
> Need a break of the current inner upward trendchannel
Even after the interest rate increase by the ECB, the EUR seems vulnarable, especially because of the ongoing Russia/Ukraine conflict.
A break of the last higher low would increase the probability of a downside movement.
Meikel & your Team WSI