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SOLUSDT - TP/SL for breakout of Darvas box BYBIT:SOLUSDT 1H trend chart - SOL is consolidating as a Darvas box so far. Now it is trying to break out the short-term downtrend line, but might get resistance from the ceiling of box(orange area). So we can wait it to get rid of this box, if it does, trading strategy as below. - Profit Targets: a) 174.475~175.330----Fib(1.272~1.382) b) 177.160----Fib(1.618) c) 180.130----Fib(2) Stop losses: a) 169.440-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
BTCUSDT: Consolidation = Opportunity!These are just my own thoughts and analysis on BTCUSDT. Do not take this as financial advice. BTCUSDT has been in a symmetric triangle formation in the past 15-20 hours. This means a breakout or a breakdown. Either way the price goes, it is profitable! Keep a close eye on this pattern. My setup(not financial advice): Close Above 10MA of the high: Long Close Below 8MA of the low: Short Liking and following will be greatly appreciated, comment down below on what you think!
by Trader_ph
SPX - It might be time to face it [Bearish scenario]Hello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. A bullish scenario is needed, as well as a bearish, this is a game of patience. Bullish scenario here: Master Key for zones Blue = Monthly Purple = weekly Orange = Daily Magenta = 8 Hour Grey = 4hour Pink = 1 hour Rolling returns method: SPX is in need of a correctional Rolling returns - historical data . Using the base model of 3 year rolling returns, the simplified explanation of the model shows a 41/50 years have returned a positive growth. As opposed to 6 years of negative returns. With 2020 closing out 16.26% return . *Note - the 6 years where the rolling return is negative - the dot com bubble only stood to lose 6.2%* Est. SPX is in need of a correctional move using the monthly time frame, ideally the monthly close will indicate an array of imbalance with large wicks providing an indicator of a battle with for example a hammer candle, shooting star, doji, or long bodied and legged wick. This will provide a great amount of support of accumulation before an impending distribution from the monthly imbalance. It's a game of probabilities. SPX Weekly Bearish scenario Monthly imbalances Un-sustained rally Current picture - where a good Fibonacci short could take the price from a four hour perspective. 3721.XX was always a test zone for me. A four hour perspective of where price has moved from for the bullish scenario in the short term to a negative risk, however what price is actually doing is testing the monthly imbalance zone where the zone either breaks or rejects. This zone was a good test, however please note - the probability here is building up a profit take for buyers and an imbalance can cause the sellers to take over with the wick on the monthly close of February indicating the inefficiency is present. Taking a technical approach with the Fibonacci retracement, using the four hour, price has shown the start of the move - gathering a all time high pivot point, retracing to a low, forming the Fibonacci structure. Targets being said for the 3721 - is the imbalance, which is in between the short term Fibonacci retracement extension zones. However, price will test the low, look for a reversion pivot and continue the sell. The probability with be depending on the wick in focus where price has created a shooting start to 3834*.XX. US Bonds yield curve, accelerating the USD first U.S. bond yields gauging performance of the U.S. stock market, thereby reflecting the demand for the U.S. dollar in subsequence. Where investors move away from stocks and other high-risk investments, the new increased demand for “less-risky instruments” such as U.S. bonds and the safe-haven U.S. dollar pushes their prices higher against respective pairs. However, when it comes to the EUR USD - the Euro will show its weakness with the Remember: A rising bond yield is dollar appreciation. A falling bond yield is dollar devaluation Mirrors Edge EXY Vs DXY - looking here at the Euro Currency Index and the Dollar Currency Index, price has established some very defined levels - which have been marked in Purple - Refer to Master key for zone colours. With the impact of the DXY - the jaws are looking to close here, from a technical standpoint clear fresh movements are foreseeable with the probability of positional holds for Dollar buys and Euro sales based upon the chart. So long as price reverts back to a clear higher low formation on the EUR USD and respectively on the EXY with the DXY creating a defined point of higher lows, then the holds are clear to the imbalances stated. Cross Analysis; USD JPY VS DXY VS Debt instruments - Impact Simplified - U.S. bond yields gauge the performance of the U.S. stock market, thereby reflecting the demand for the U.S. dollar in subsequence. Where investors move away from stocks and other high-risk investments, the new increased demand for “less-risky instruments” such as U.S. bonds and the safe-haven U.S. dollar pushes their prices higher against respective pairs. However, when it comes to the USD JPY - the Yen will show it's weakness. Remember: A rising bond yield is dollar appreciation. A falling bond yield is dollar devaluation. Inflation further analysis: Keep an eye on the SPX with Inflation ETF vs SPX500 . If you as a trader are interested in the price ratio of Shiller P/E ratio , the market is at this moment 35.83x, with low inflation at the moment, the bulls are on the run. Watch this space Gold discounted See here for the imbalances on Gold . This can help adjust the situation upon the USD. Why is gold falling? Well simply put volatile situations where the return of XAU maintains no yield, the Dollar however does Yield through interest rates. Gold will look to fall to level of around $1500 before examining next where the price is to move next. Do you enjoy the setups? 10 years combined analysis experience in capital markets Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, Team LVPA MMXXI
TVC:SPXShort
by LupaCapital
2
AUD/JPY Short IdeaMy Thoughts on AUD/JPY Price is Due Large Weekly Bearish Phase I will be looking to Take an Opportunity if I get a Momentum Shift and Break of Trend on the 30m chart. I am a Daytrader, so I will be looking to take Sells on all my JPY pairs for the foreseeable future. I dont recommend trying to Swing Trade this Reversal as the markets can usually behave erratically around Major Reversal Zones. I want to wish Everybody a Happy New Year. Blessings and Positivity for this Upcoming Trading Year, it's setting up to be a great one.
Short
by adamhylandnew1
2
USDJPY might be preparing to push towards 108.30USDJPY has rallied past initial resistance at 107.22 and is seen to be pulling back at the moment. In the short term, focus should remain for a potential rally towards 108.30, until 106.00 remains intact. The wave structure highlighted here since 111.75 highs is as follows: The drop from 117.75 through 106.00 was an impulse, Wave 1 on the chart. The subsequent rally reached fibonacci 0.618 resistance around 109.85, Wave 2 on the chart. If the above counts are correct, USDJPY is progressing lower in Wave 3 since 109.85. Bottom line: USDJPY needs to stay below 109.85 for the above structure to hold. We favor short term bullish move towards 108.30 against 106.00. Then reverse. Long, stop @ 106.00, target @ 108.30. Risk Disclaimer: Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Long
by AbansGlobalLimited
1
NZDCAD DAILY 11/30/19NZDCAD LONG IDEA NZDCAD has been very bearish on the higher time-frames but we have seen a bit of a bullish trend on the daily. We can see that the weekly resistance level around 0.85000 was broken last week and price action is currently consolidating. Although we see a lot of exhaustion on the daily there is bullish pressure still present. On a 4hour time-frame we can see that this area is consolidating in a range and has formed a rectangle. We will need to see some conviction and this range broken but ultimately we are looking to target higher The daily 61.8% and monthly resistance around 0.86400 is going to be our target which is about 115+ pips higher from current price
Long
by ForexLeague
AudUsd Rate Pair - The Aussie Rate AudUsd Rate Pair - The Aussie Rate The Aussie Rate from my experience of watching and through observation on this Rate. Is that the full monthly chart cycle is a little incomplete from the top of the current monthly chart Range at 1.1039 towards the lower end at 0.0623. I can only justify that through many years of experience at using the Fibonacci Gauge Lengths will prove valid and by my own account through the monthly chart cycle phase price will continue onto A Lower Low end outcome towards 0.0623 Is at 80% percent inside bar re-tracement lower of the current monthly chart high cycle. As reference point this analysis is based only my expertise of using the Fibonacci Re-tracements Method. All strategies referred to by my-self incorporate the Fibonacci Extension Methodology so allowing for plenty of time whilst the Indexes are trending is very essential and will play out key towards finding the right outcome to the Currency Rates.
Short
by UnknownUnicorn5176330
Potential Decline (based on S&R, trend lines E waves and strats)Disclaimer: Although I’ve learnt quite a bit of FOREX and am confident in what I’m telling you, I’m just a week in and am using a demo account, so you don’t have to take my word for it. Here’s why: Just before September 9th, signs of support have surfaced, since another hit materialised (with resistance appearing just before.) Although this isn’t exactly consitent, it succeeds in somewhat maintaning the pattern, just in an ascending trend (which also seems to be an ascending triangle). Furthermore, there are multiple hits of resistance among the barriers I’ve place; even when the price broke the barrier, it went straight back down. In addition to the recognisable Elliot Wave, I am confident that these signs point to some hesitation, leading to a decline and continuing the pattern in the process Another important thing, the rate of flunctuation is increasing side by side with little to no price rejection on both sides, indicating that there may be strong buyers (such as the big banks) in action now. These guys need liquidity, and so will take that from us by investing against the majority, ultimately earning off of the loss of many since their investment makes a difference. However, this doesn’t happen all the time and is an educated guess (although it isn’t uncommon phenomenon either). I hope this is helpful!
Short
by faridmzaki
BTCUSD Tentative 13 Day Cypher PatternPLEASE NOTE THIS IS TENTATIVE NOT FINANCIAL ADVICE TAKE IT WITH A PINT OF SALT! This is an attempt to identify a good entry point in the current down trend, designed to maximize returns in the short term should a vital condition be met at the low 1.27 Fibonacci Retracement. Our study uses the most recent swing low AUG 6 and the most recent swing low AUG 15 on the daily charts. Please note this might happen in less or more than 13 days. Conditions for it to prove true: 1. BTC must ignore the sloping purple ascending support at roughly 9600-9400. This is very strong support, chances are we will fail to break it. 2. BTC must drop as low as 8900 3. BTC must break 9400-9600 on its rally back up 4. The most likely rally will go as high as 11200-11700 best case scenario. Please understand we cant predict the exact top so an exit point should whenever possible be set with a trailing stop loss in order to maximize profits. Conditions for it to prove false: 1. Failure to fulfill any of the TOP 3 out of 4 conditions. In conclusion: 1. We are short until 8900 and long thereafter, for those looking for short opportunities indicators point that there are conditions for a possible rally downwards. That said Trade Safely, Happy Trading.
COINBASE:BTCUSDShort
by ChartPicasso888