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Topdownanaylisis

Another Try From the Bitcoin to Reach the 19500$ Level 💡 Trade Idea 📉 Buy Limit BTC/USD @ 17583.47 🎯 Target Profit 19471.05 🛑 Stop Loss 16843.47 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The btc is trading withing a corrective channel. Our expectation is the sellers will push the price to the lower end of this channel and from there a move upward since we have a confluence zone made by the 61.8% pullback level and a strong support.
BITSTAMP:BTCUSDLong
by CollegeofPips
4
EUR/AUD Potential Upward Movement:bulb: Trade Idea 📈 Buy Limit EUR/AUD @ 1.6207 :dart: Target Profit 1.6335 :octagonal_sign: Stop Loss 1.6143 :x: Do not risk more than 1% of your account on each trade :slight_smile: Good Luck! The daily support rejected the price twice, plus it posted a double bottom which indicates a high probability of a reversal. In addition, it manages to break the blue trendline. A lower correction is expected towards the neckline, then a move upward to the 1.6335 mark.
Long
by CollegeofPips
8
A Potential Swift Move to the Upside for the AUD/USD💡 Trade Idea 📉 Buy Limit AUD/USD @ 0.7372 🎯 Target Profit 0.7413 🛑 Stop Loss 0.7351 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck! The pair was ranging inside a corrective channel and managed to breakout to the upside. A pullback is posted towards the 0.7372 level, and our expectation that this support could hold the pair to move downward and then push it to the upside towards the 0.7413 level.
Long
by CollegeofPips
2
USDJPY still looking for sells#USDJPY: (1D): Exactly as expected, we saw the price dropping all the way to the descending triangle bottom. The move was so strong that we could not jump in a trade though. The downtrend is still confirmed, since the price is still holding below the 200 EMA. (4H): Here we could see how the strong dropped led the way with no retest, which is what we could look for if the price will retrace back a bit more, as a strong resistance zone would be approached. (1H): Zooming in again, however, we are seeing the price giving hints of indecision as a triangle is apparently forming. If a break to the upside will occur, we will carefully consider a sell at the retest area on 4H. On the other hand, given a break to the downside, a new bearish continuation pattern is what we would look for
Short
by Wikiwicks
Gold getting ready for the next rally#XAUUSD: (1D): We still have a strong bullish trend in place. Recently we saw the break and retest of the continuation pattern here above. Given these technicals and the overall fundamental uncertainty across the globe, my bullish bias remains unchanged. (4H): A better view of bulls gaining strenght is given by the ascending channel formed on the 4H, with price currently at the lower border, preparing the next rally. (1H): This is confirmed on the lower timeframe, as we can notice that buyers are making higher highs but sellers are not able to push the price, making equal highs. What we want to see, is a break and retest of the ascending channel. This would give us a nice buy signal
OANDA:XAUUSDLong
by Wikiwicks
Eur/Usd: 1 Hour Chart - Oct. 12 2020 ShortAfter gapping down at the weekly open, the Euro tested 1.18300 (last weeks high) after a FBO of the consolidation range (1.18100-1.18200). The market then dropped into the 4 hourly support region (1.17800-1.1800) and has retraced to the lower end of our initial consolidation range (1.18100-1.18150). According to our fibonacci wave count, a rejection of this region will take the Euro back to daily support (1.18000-1.17900 or (EI)), if support breaks the Euro can retrace further towards channel support && demand levels ((EII) or 1.17800-1.17300 region). CONFLUENCES: *Rejected weekly gap down *Creating lower lows on hourly *4 hour bearish candle wick vulnerable *Buyers momentum receeding above 1.1800
Short
by DaReal1
(Part I) EUR/USD Top-Down analysis with Wyckoff and Elliott WaveHi Traders and welcome to this analysis. My name is Shayan and today I will be taking a detailed look at EUR price action vs. USD. I use Eliott Wave (EW) to better find out our location in the market cycle, and get a sense of possible wave counts, but my main focus is on Wyckoff based Supply and Demand Analysis In part 1, today, we will look at the monthly and weekly views to establish the long-term and medium-term trends, and we will study the daily and 4H PA in a future post in order to create multiple set-ups, so stay tuned! Let's start with a long term view of the market, starting year 2000: We can see a clear 5 wave impulse ending with the 2008 market depression. And the 3 wave correction that follows. As per EW guideline, the correction is bound within a corrective channel, and has traveled to the 0.236 Fib level of the preceding impulse Let's look at the correction in more details: There are two themes at play here: 1 - The corrective count: ABC created by a zigzag + a weak ABC (or wave X) before conception of new impulse + holding wave 2 of the preceding impulse 2 - We have hit the long-term target of a long-term classical formation (the apex) and have not been able to commit below this level (the blue ribbon) Both these themes are constructive and point to higher prices Now that we have an idea of the possible wave count, let's take a more detailed look using Wyckoff supply and demand analysis: (this is the title chart) This chart is annotated in sequence, so you can start with number 1 in the left side and follow the price action. As I mentioned in #7 above, there is a possibility that price resolves lower and created a Backing Up action (BU) at around 1.15 - 1.16. This could confirm the uptrend continuation or fail and test a lower level. Our targets are for now previous swing highs at 1.25 and 1.4. I will also add a PnF based target in the next article to have a more reliable metric for targetting! So that's it for today. Our long-term and medium-term trends are up, but short-term is not so clear yet. A test of lower levels is possible, or on a more bullish view, this could lead to a vertical absorption and skip the correction! If you liked my analysis or are following through, please give it a thumbs up! I put a lot of work in my analysis and your support will let TradingView know my articles are helpful!
Long
by ShayanRastgou
5