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BTC Trend Weakening BTC price action has shown the first signs of weaknesses on bullish direction. First off, previous high/resistance of $24670 has not been broken neither tested weakening the weekly bullish set up over last month for the first time. Secondly we can notice bearish RSI Divergence highlighted by the white trendlines. Furthermore, MACD shows a bearish crossover in which indeed the MACD line passes below the Signal line. However, we are getting closer to 200EMA resistance and to the trend line which will work as strong support. For this reasons, if such a structure were to be invalidated we suggest to take a short position as the following: Entry price: $22700 Target price: $22400 *30X Leverage
Short
by vf_investment
1
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!❤️
Long
by VasilyTrader
6
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!❤️
Short
by VasilyTrader
2
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!❤️
TVC:DXYLong
by VasilyTrader
7
SILVER (XAGUSD) Key Level Ahead! Your Plan: 🪙 Even though Silver is very bearish, ahead is a strong confluence zone on a weekly. The underlined yellow area is based on 618 retracement of a major impulse leg and a horizontal demand area. To catch a bullish move from that, watch a falling parallel channel on 4H. Your confirmation to buy will be its bullish breakout (at least 4H candle close above). Then buy aggressively or on a retest. Your target will be 20.16 If the price breaks the underlined area to the downside, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDLong
by VasilyTrader
4
MarketBreakdown | EURJPY, EURCHF, GBPCAD, GBPCHF Hey traders, here is a brief technical outlook of 4 peculiar instruments on my watch list. 1️⃣ EURJPY - Daily time frame 🇪🇺 🇯🇵 I see the signs of a bullish accumulation: the price has already set two equal highs and keeps setting higher lows. I believe that we will see a breakout attempt of a current horizontal resistance. Daily candle close above that will trigger a bullish trend continuation to new highs. 2️⃣ EURCHF - 3 days time frame 🇪🇺🇨🇭 The pair is approaching a solid horizontal zone of demand. Be prepared for a breakout attempt. Its bearish breakout will trigger a bearish continuation to a year's low. 3️⃣ GBPCAD - Daily time frame 🇬🇧🇨🇦 As I predicted, GBPCAD dropped nicely. The pair formed a double top formation with a lower high. Its neckline violation signifies a highly probable further decline. 4️⃣ GBPCHF - Monthly time frame 🇬🇧🇨🇭 The pair is currently approaching a wide weekly demand cluster. Taking into consideration that the market is very oversold, I believe that we will see a pullback from that structure soon. Look for a confirmation on lower time frames to buy. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
6
MarketBreakdown | Dow Jones (US30), BTCUSD, EURGBP, GBPCHF Hey traders, here is a brief technical outlook of 4 peculiar instruments on my watch list. 1️⃣ Dow Jones (US30) - Monthly time frame 📈 After a sharp bearish rally, the market reached a solid monthly demand area. 28600 - 30000 is a very important historical zone. I assume that soon we will see a correctional movement and the index may retrace. 2️⃣ Bitcoin (BTCUSD) - Monthly time frame ₿ It looks like the market finally found a strong support. The market stopped falling once it reached the high of 2017 and it looks like we will see a correctional move soon. 3️⃣ EURGBP - Daily time frame 🇪🇺🇬🇧 The pair is steadily growing within a rising wedge pattern. For now, its support serves as the resort for buyers to buy from. However, wedge pattern by itself is a bearish pattern, so I am waiting for its breakout to short. 4️⃣ GBPCHF - Monthly time frame 🇬🇧🇨🇭 As I predicted, the pair dropped nicely. Ahead is a major monthly demand area. 1.16 - 1.1745 is the area from where I will expect a retracement. ❤️ If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
ULong
by VasilyTrader
1
EURUSD: 2 Structure to Watch Next Week 🇪🇺🇺🇸 Hey traders, Even though this week was quite bullish for EURUSD, remember that the market is trading in a bearish trend and we remain bearish biased. Next week, I will be looking for shorting opportunities from 2 very important areas: Resistance 1: 1.062 - 1.0655 Resistance 2: 1.074 - 1.079 I will expect a bearish move from one of these zones. Let the price reach them and then look for a confirmation to sell. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
15