Trade
USTECH100 Bearish Momentum Underway🔅Intriguing developments on the USTECH100 chart are worth a closer look. Firstly, two key Fibonacci resistance levels, at 341.4% and 78.6%, have acted as strong barriers, indicating robust bearish momentum.
🔅Further dissecting the trend, we've noticed a clear pattern of forming lower lows and lower highs, emphasizing the downtrend's persistence. USTECH100 is currently at a critical juncture, testing the confines of a long-standing descending channel.
🔅This juncture could potentially provide a highly attractive entry point for short positions. For the complete setup details, we've shared a comprehensive analysis in our channel. Keep a watchful eye on our updates as the situation unfolds.
EURAUDEURAUD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 1.6500 followed by 1.600 region.
What you guys think of this idea?
GRTUSDT 30% Upside Potential BeckonsExploring GRTUSDT's Robust Bullish Trend
In the realm of GRTUSDT, a captivating bullish narrative unfolds as the $0.1 psychological level transitions from a supply to a demand zone. This metamorphosis signifies a pivotal shift in market dynamics, underpinned by intriguing factors.
Evidencing a Persistent Uptrend
An examination of the price action uncovers the presence of a steadfast higher highs and higher lows pattern. This pattern reinforces the enduring nature of the ongoing uptrend, suggesting that a compelling narrative is in the making.
Anticipating a 30% Upside Potential
The confluence of factors points toward the probability of an impressive 30% price surge. Such an upswing may propel GRT towards a critical juncture: the 88.6% Fibonacci resistance level. The implications are remarkable, and investors must pay heed to these developments.
With GRTUSDT's promising trajectory and its potential to reach new heights, the future remains exciting. This bullish analysis serves as a guide to what lies ahead for the astute trader.
P.S. Trade setup and updates you can find in our channel
GBPNZDIs GBPNZD exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 2.02 level
What you guys think of it?
SUGAR/USD Short, GBP/CHF Long, GBP/USD Short and EUR/USD ShortSUGAR/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/CHF Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
TOMOUSDT Key Demand Zone & Bullish Potential🌟In the realm of TOMOUSDT, an intriguing dynamic unfolds. The key demand zone, a battleground for bulls and bears, has demonstrated remarkable resilience. Multiple tests have confirmed its significance, turning back price declines time and again, notably in recent price action.
🌟Furthermore, a notable development is the breach of the previous downtrend trendline, which has now taken on a new role as a robust support trendline. This shift is an important indicator of the evolving sentiment in favor of the bulls.
🌟The existing strength in the demand zone, combined with the support trendline's newfound significance, enhances the likelihood of a continued upward trajectory for TomoChain.
🌟In terms of price projections, our analysis suggests a potential growth of approximately 12%. This envisages a surge towards the psychological price level of $2.00.
🌟Notably, this corresponds with the 141.4% Fibonacci resistance level, which stands as a formidable target in the path of the ascending price.
🌟As we've done with all our analysis, a detailed trade setup has been thoughtfully prepared and is readily available in our dedicated channel. This comprehensive guide includes entry points, exit strategies, and potential stop-loss levels.
🌟In conclusion, the confluence of the intact demand zone, the sturdy support trendline, and the 141.4% Fibonacci resistance level fosters a robust case for a bullish outlook in TOMOUSDT.
XAGUSDXAGUSD is repeating the same pattern.
In late September silver created the same pattern , formed strong support level and once loss that support , there were some red days for silver bulls.
Now silver again forming support zone in same area of value, if it again loss this level, then are we expecting red days for silver again ?
GBP/CHF Long and EUR/CAD Long and trade recap on USD/CHF (-0.7%)GBP/CHF Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/CAD Long
• If price impulses up above our area of value, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
KNCUSDT's Position in the Demand ZoneKNCUSDT's Breakthrough Bullish Momentum
In the landscape of KNCUSDT, a remarkable development takes center stage as it confidently slices through the downtrend trendline. This resolute move sends powerful signals to market participants, underlining a compelling narrative.
Positioned at the Demand Zone
Further strengthening its case, the asset currently finds its footing at a demand zone, a pivotal area of interest for the bullish forces. This convergence of factors sets the stage for intriguing possibilities.
50% Growth Potential
Analyzing the patterns and the previous upward momentum, we unearth the potential for an impressive 50% growth surge. This projection could propel KNCUSDT to new heights, offering a tantalizing opportunity for investors and traders alike.
P.S. Trade setups and updates are always posted in our channel
Trading the Aussie Bearish; A Promise fulfilled...Hey guys!
We promised to give our trade setup as a new trade idea. Here it is guys!
Drawing from our earlier last-week analysis, we saw this market push bearish on the 1-hour chart. Our analysis had shown signs of a bulish retracement, and we had marked out the expected retracement zone. In the cause of the retracement, our zone was breached, and so we looked on to see a reversal from the next possible zone.
With the turn of the new week, we have seen the market u-turn at our next zone on the 1 hour chart, and from there it has begun to melt bearish.
It is our expectation that the bearish trend setting in will give us the needed extension to see prices dip all the way to the 1-hour chart liquidity target.
We see a minor swing, and that would be the target for our trade. We have marked out our zone from the bearish minor PB taken off the 1-hour chart. Prices are expected to pullback into that zone, following which we would be looking forward to seeing a bearish reversal indicating the end of the bullish pullback.
The moment we have our price in the zone, we will pull out our trade checklist (Panzy Pips Trade Entry Checklist) and follow through with taking our trade.
Stay with me, guys. This is gonna be a hell of a ride down the slope.
A Market Torn in Two Parts ... Are We Bullish or Bearish...?This pair has witnessed a great deal of back forth in the preceding days and weeks. In todays anaylsis, we see how the market on the 1 hour has once again flipped from a bullish perspective (PB) right into a bearish perspecrive with a new PB to the downside.
We will look to hold this bearishness with the ultimate goal of targeting our Daily liquidity target all the way down below.
USD/CHF Short, NZD/USD Short and trade recap on GBP/USD (+0.2%)USD/CHF Short
• If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
The Bearish Run Resumesin our last analysis, we saw this pair breach our zone and go higher for a deeper retracement. According to our analysis, we refused to see the 1 hour zone as a reversal in itself but rather as forming a deeper retracement on the 4 hour timeframe.
From our current analysis, it is clear that that was the intendment of the market. We have seen prices go all the way to our refined zone at the top and from there made a sharp reversal to continue the beraish run.
We are in on this position,even though we did not catch it from the top as displayed on the chart. The trade depiction on the chart is just to show the entire trade from the zone to liquidity target.
The bearishness has resumed, the bears are back, ready to drive the market to new lows, and we are right here, ready to hop on the slide down, all the way into the money
Bullish Again on the USDCADOn this pair, we see bullishness across multiple timeframes. Market is bullish on the Monthly chart, all the way down to the 1-hour chart.
On the 1-hour chart, we see the market has just made a new high with 6 PBs up.
We are expecting the price to retrace bearish into the PB, come into our refined zone, and from there we will watch out for bullish reversals to take our trade long. Our targer for this trade will be the 1-hour liquidity target above.
First Bearish, Then Bullish... and then We TRADEThe USDJPY has maintained its bullish momentum from the past few weeks. Last week, we witnessed this pair come with a deep to take out zone, create an impression of a bearish reversal, and then continue or resume its bullish trend. These are fakeouts, and they are very common occurrences in the market price movements.
On the daily, 4-hour, and 1-hour timeframes, the market is bullish. With the market making a new high, prices are expected to begin to retrace bearish. With the retracement in place, we will look to the new high that just formed as our liquidity and look to trade market prices up all the way to that point. But first, we would want to see price retrace bearish and come into our refined zone, after which we would decide on how to enter the bullish trade.
Stay close, guys. This is going to be an interesting one.
A LONG Spike AGAIN. Quo Vadis?This pair has again witnessed another long spike. A second spike in about 3 weeks. With this spike, a lot of traders are likely to get confused about the next direction in which the market is expected to go.
So let's give it a try.
Before the spike, we witnessed how prices rallied in a systematic manner. This rally was strong enough to turn the 4 hour the 1 hour and even the daily charts from their hitherto bearish trends and set them all on bullish swings. With the bulls taking the day on these 3 timeframes, we can say with a certain amount of certainty that the market is bullish and we will be expecting to see higher prices.
The market is currently dipping. We will consider that dip a retracement, which is helping move prices into our PB. Price is already in our PB, and now we are waiting for price to come into our zone, from where we will be looking to trade. Our target will be the 1 hour and 4 hour liquidity target, which is actually a confluence.
The Bullish RUN ContinuesWith the previous Bullish swing completed, it is time to look on to the next.
The market has given us a new PB, an area to trade from. From the PB, we have made an attempt to refine it to get our zone within 1 hour.
With our zone clearly marked out as seen on the chart, we anticipate price dipping into the zone, and from there we will be looking to trade.
The trend is bullish in the 1-hour timeframe, and our TP target is the 1-hour liquidity target.
The Bearish Clock is Ticking...A quick re-cap of where we have come from and how long we have followed the analysis on this pair.
The market is Bearish and is currently in a bearish PB. After the bearish impulse, the market has continued to push bullish to give us a retracement. From our earlier analysis, we saw the market dip to make a low, and we had established that from that point on, we would expect prices to begin to retrace bullish towards our refined zone of the 1 hour PB.
The market is still on that bullish retracement. It would have been a great idea to have caught a long on that bullish retracement, but I didn't. lol.
So now the market is almost in our zone. We should see the bullish move experience some slowing down as it draws closer to our target.
As a trader, patience is one of my virtues. A second one is that I trust my tradin system and I always stick to my rules. So on this one, I will stay disciplined. I will wait for the market to get into the zone and from there I would begin to look for possibilities of a bearish u-turn to set us off on our swing towards the extension.
When the market gets into our zone, we will use one of the trade entry methods from Panzy Pips to catch this beautiful bearish trade; and boy, we are gonna milk this trade dry... lol
USOILUSOIL is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level.
If the sell momentum continues the next target could be 80 followed by 79 region.
What you guys think of this idea?
Don't forget to share your idea.
USD/CHF Short and GBP/USD ShortUSD/CHF Short
• If price impulses down below the wick below, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/USD Short
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.