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Topdownanaylisis

btcusdtperpHello my comrades 1. As you can see in the bigger picture (weekly time frame) The price is currently at the end of the wedge (purple line), which in itself is a good support because it overlaps several zone of demand. 2. Below is the last support that is in the range of 29920 to 28870. If it is lost, I have to give a new analysis. 3. Most importantly, the dollar dominance chart is approaching its resistance level, and this will cause a positive market reaction.
CRYPTOCAP:USDT.DLong
by mehrdad-javan1
2
Us30 top down Yellow arrow is start of the pump of price from a level of consolidation. Since the other arrows show three sub levels of rise which market likes to move in. From high zone shows how price on the down move broke structure and now potentially finding liquidity to sell off for the direction price needs to fill lowerrr. Last 4 hour doji is a zone to keep eye on to break high then back under for sells or for that high to respect with new week and sell from. Will have to take a shot either way. My edge will be timing, monitoring the index itself individually, and risk management.
UShort
by Hillarmy
Yen Index - Top Down AnalysisStarting with the 4 hour timeframe, the yen is finally starting to show some life as the oscillators give several indications. On the larger timeframe (reference charts below) you can see we're also testing the descending support. For now, I'm not suggesting a complete a reversal put a possible pullback towards the mid-channel pivot is warranted. Let's now take a look at the daily timeframe. == DAILY CHART == Taking a look at the daily view, stochastics and RSI are indicating oversold conditions as we approach the descending level of support. We might see a potential pullback up towards the orange area as illustrated on the chart. This would be approx. a 100+ pip bullish upside reward for those that are willing to take on risk at this 6 year low. At this point, overall the trend is bearish until price-action is able to climb above the 200 SMA. Lastly, let's take a look at the weekly timeframe. == WEEKLY VIEW == The weekly perspective prints price-action testing the lower descending resistance trendline. RSI is also showing some lack of bearish momentum as the oscillator bounced off 30. We still need to wait for MACD to give us some final confirmation before instilling some confidence of a possible pullback. If we get a bullish pullback, monitor the bearish mid-channel pivot for resistance as it coincides with the previous low on the weekly timeframe . == IN SUMMARY == The Japanese's Yen is near a 6 year low as the war between Ukraine and Russia worsens. This doesn't mean however the market will disregard this opportunity to buy low. The overall trend is obviously bearish so for those that are seeking a possible scalp, be sure to position manage the trade as price-action may decide to continue the bearish trend at any given time. -- That's it. That's all. Trade safe. All the best. Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose
Long
by Michael_Harding
CADCHF: Major Trend Line & Confirmation 🇨🇦🇨🇭 Hey traders, Update for CADCHF pair. The market has recently dropped to a major rising trend line. Taking into consideration that the pair is trading in a bullish trend since 2020, we may catch a trend-following move from that. Analysing the intraday time frames, follow a falling parallel channel on an hourly time frame. Its bullish breakout will be your trigger to buy the pair. First goal will be 0.7275 In case of a bearish breakout of a trend line on a daily a further decline will be expected. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
12
[Growthbank] CHFJPY Sell IdeaCHFJPY has been on a consistent uptrend on all of the higher timeframes, and has just now found some resistance. The retracements on the higher timeframes have been around the 61.8% range so that is what we are looking for moving forward. On the daily chart we have broken structure to continue the sell until the end of this overall retracement zone. Expecations: Market is going to retest the previous break of structure on the daily chart. This zone also has a diagonal daily trendline, an H4 demand zone and a liquidity key level within that zone. Market will snipe the liquidity key level and then continue selling following the rest of the overall markets retracement.
Short
by growthbank
1
GBPJPY: How to Catch a Bullish Wave 🇬🇧🇯🇵 GBPJPY is trading in a bullish trend for more than a year. The price is steadily growing within a major rising parallel channel on a weekly time frame. Reaching 158.0 level the market started a correctional movement. The price started to fall within a falling wedge pattern. Being closer and closer to a support of a major channel the market may start growing soon. Your confirmation to buy will be a bullish breakout of resistance of the wedge on 4H. You need at least 4H candle close to confirm the breakout. Initial goal will be 155.9 In case of a bearish breakout of a support of a weekly channel, the setup will be invalid and bearish continuation will be expected. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
20
Multi-Time Frame, Price Action Analysis on Japanese YEN StrengthHi everyone: Many have asked me about the Japanese JPY pairs outlook and forecast, as we can see they are surely gaining strength across the market. I am personally live in some of the sell and looking to hold the trade as well as scale in on additional trades as well. Now let's take a look at the pairs that I am currently in, and as well other JPY pairs from a multi-time frame, price action analysis point of view. I will go over the best ones to look out for, and share my original analysis/forecast before the moves happened. In addition, my plan on how to manage the current live positions, and plan on how to scale in new entries as well as other pairs. Starting from the current positions that I am in: CADJPY: Currently running + 6%, 6:1 RR Original Analysis/Forecast: CHFJPY: Currently running + 3.5%, 3.5/1 RR Original Analysis/Forecast: GBPJPY: Currently running + 3.5%, 3.5:1 RR Original Analysis/Forecast: EURJPY: Got out for +2.8%, 2.8:1 RR Original Analysis/Forecast: AUDJPY: NZDJPY: USDJPY: 2 entries total for BE Original Analysis/Forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
Short
by jojofang0901
19
EURUSD - top down analysis Monthly Weekly Daily Monthly - a long-term channel set in motion in the 2008 crisis now appears to break up. EURUSD traded in its upper part for some time, then, this year, it moved outside and started to consolidate there. There is a potential resistance above 1.22000 which played some role in the past and seems to be respected again. Conclusion: bullish - traded in the upper part of the value channel for a long time and broke up Weekly - zooming in on the consolidation after a breakout, the price action appears to be neutral. The price has failed to make a new high (purple circles) but hasn't broken any previous lows yet. EURUSD balances in both upper and lower parts of the value channel equally. Lastly, there is a pin bar with a high volume. This is a clue that the reversal and bullish action are slightly more likely to take place. Conclusion: neutral - could be very narrowly bullish, but the price has gone furthest outside of the channel since its formation and the reversal sign, the pin bar, has not had any follow-up yet. Daily - looking at the potential breakout of a new channel, there appear to be several bullish signs. A few pins and a relatively big green bar running on an overwhelming volume. One thing is missing and that is a follow-up or rather lack of it. There is some buying, but the resolve to take the price higher is missing. Also, look at the purple area. There is a complete absence of any market structure. If the market moves to the upside, it should deliver the price to the top of the area. Conclusion: somewhat bullish - I will wait for a valid sign to enter the market. It has the potential to turn to the upside. We will be wiser aster Thursday as many events are scheduled then. Either way, from a risk-reward perspective, this is clearly a long opportunity.
Long
by OrcChieftain
1