Bullish Alert: #ATAUSDT on the Rise with MACD DivergenceATAUSDT is about to break above the descending channel, as well as the crucial supply/demand zone.
This can be an extremely positive price action for ASX:ATA , which is highly likely to result in an uptrend.
We can also see that at the bottom, MACD formed a bullish divergence, significantly increasing the probability of an upside move. We will be monitoring #ATA and looking for a potential buying opportunity on a pullback.
Tradesignals
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 70% chance Bitcoin will Fall from our current entry point.
📉 SHORT - BTC : $28.550 📉
💵 Length of trade: we are expecting BTC to hit a $1,000 scalp, with a high end of $1,500, and a minimum expectation of $550.
🕰️ Duration of trade: we are expecting the minimum profit target to possible get hit by market open in NYC. Then we see the rest of this trade playing out until Friday.
gbpjpy sell ideaas i was about to close my eyes my alarms started going off for GBP/JPY im looking for a Massive move to the Downside, i do NOT know if its going to happen now, but i have a Plan and am Prepared for this market to give us a Sniper entry!!
Disclaimer- information shared is for educational and demo purposes only, please master and practice proper risk management while trading in the financial markets!!
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 70% chance Bitcoin will Rise from our current entry point.
We had a nice Bounce off our 0.786 Fibonacci, and with a majority of the uncertainty over - some upward movement is our belief.
📉 LONG - BTC : $27,250 📉
💵 Length of trade: we are expecting BTC to hit a $550 scalp, with a high end of $1,100, and a minimum expectation of $300.
🕰️ Duration of trade: we are expecting the minimum target to occur within 10 hours. Then we see the rest of this trade playing out within 3 hours of market open for NYSE.
USD/CHF testing key resistance following mixed US dataToday’s US data releases didn’t cause a massive reaction, which means the dollar has remained supported – for now. Among the dollar pairs to watch for a potential upside breakout is the USD/CHF.
US GDP was revised unexpectedly lower to 2.7% from 2.9% in the initial estimate, but this was offset by GDP price index, which was revised up to 3.9% from 3.5%, meaning more inflation. GDP is backward looking data, so the market has not attached too much importance to it. More to the point, the jobs market remains hot, and we saw more evidence of that today with unemployment claims falling to 192k, well below expectations.
This should keep the dollar bulls happy I reckon. Core PCE price index (Fed’s favourite measure of inflation) is due tomorrow.
The USD/CHF was testing an important resistance area around 0.9325 to 0.9370ish. Previously this area was resistance. We have already seen price break above the short-term bear trend and the 21—day exponential moving average. What the bulls will want to see next is a clean move above the aforementioned resistance area to completely turn the tide. Specifically, a move north of 0.9410 could trigger a short-squeeze rally towards the 200-day average at 0.9575.
Meanwhile, the bears will now want to see a clear evidence of price topping out, before potentially stepping in on the short-side. A move below this week’s low at 0.9220 could be the trigger they are looking for.
As things stand, the bulls are edging it, but now need fresh impetus to move rates above that 0.9325 to 0.9370 resistance range, in order to trigger fresh follow-up technical buying.
-- Written by Fawad Razaqzada, Market Analyst with FOREX.com
Follow Fawad on Twitter @Trader_F_R
BTC live chart update 2/1/23 5:55pm ESTMain Note update
It is possible that we head up to fill the upper gap on BTC1! at $28,740 before coming back down to fill the recent one made at $19,995. I am playing safe and made a 3x long position to hedge the two shorts I am averaging into and now a possible 3rd if BTC heads to fill the upper gap first.
1st New Arrow note on chart in white.
If Price breaks the resistance below and heads to
fill the gap to the left on the chart, I will be
adding another bullet to my short there and likely
closing my long hedge play. Which means I will pull my
stop losses on the shorts and look to enter another
around where the futures gap is similar to the 3rd
trade box I posted.
2nd New Arrow Note on chart in purple
If this turns out to be a
falling wedge the target
would be exactly where
the upper gap is.
2/1/23 ~~~~ 5:55 pm Est
DXY H4 - Bearish SignalDXY H4 - Big dump on the dollar seen yesterday during the overlap session, big data points causing the dollar to fall off, in line with softer inflation figures, PPI figures and retail figures, yet again. Certainly going to be an interesting one at the next FOMC Press conference. Hoping to grab some more ***USD longs this week.
EUR/NZD poised for bullish break outThe EUR/NZD might not be everyone's cup of tea, but this volatile pair looks like it is about to stage a breakout. We have seen a big upsurge in European stock markets of later while the euro has also outperformed. Take a look at the EUR/CHF and EUR/GBP to get a fell for its underlying strength. The EUR/NZD could be another euro cross about to break higher.
Investors have been pricing out risks that had been associated with EU markets, including a sharp recession in the eurozone and rationing of gas. But thanks to a mild winter so far, an energy crisis has been averted. Meanwhile economic data has not been as bad as feared. In addition, China’s re-opening has boosted hopes over Eurozone exports, especially given the big drop in shipping costs.
The euro has been further supported by hawkish comments from the ECB President Christine Lagarde who in December said the market should be expecting the central bank to raise interest rates at a 50 basis-point pace “for a period of time.”
The euro thus remains supported for now.
From a technical point of view, the EUR/NZD pair is looking increasingly bullish as it continues to hold above the 21-day exponential average. The bullish price structure here has lifted the pair above 1.6950 today. If it can hold above this level, we could see fresh buying momentum come into play.
The EUR/NZD has already reached and surpassed the 1.70 handle. Next up could be the 61.8% Fib retracement level at 1.7090.
By Fawad Razaqzada on behalf of FOREX.com
OCEAN SHORTENTRY: CMP (0.24)
TP's: 0.17915 - 0.15311 - 0.11513
SL: 0.26850
Reason for this trade;
fundamentally ocean's narrative for the pump is dying down.
technically price is at a bearish order block, bearish divergence, oi and cvd made lower lows while price made a higher high. this last push up is a grab on liquidity
TESLA - Support Levels to Watch for & Potential 2023 BottomHello Traders,
Here are the major support levels for TESLA with a potential bottom for 2023 at $65.
TESLA is very oversold at the moment and just a hit a key gap fill level at $136 which should act support and potentially a temporary low.
If price does bounce from this level we could see as strong rally back up to resistance at $166.
Into 2023, if the US goes into a recession as predicted, we could potentially see the TESLA stock trade all the way down to $65.... yes $65.
There will still be many great trading opportunities with bounces along the way at major support levels.
Choose your levels, be disciplined and patient.
Thanks everyone and best of luck
GBPUSD H4 - Short Signal on H4 closeGBPUSD H4 - Here is the slightly lower timeframe analysis we would be considering, just like the EURUSD short we took yesterday, the price action close on a key retest/zone after buyer exhaustion, no doubt you can see the slowdown in bullishness as we approach this 1.21 handle, a close on the H4 in 30 minutes would be the typical sell signal. Caught with a sequence of bad luck yesterday, technical play unfolded well, but the fundamental momentum took us out.
GBPUSD H1 - Short SignalGBPUSD H1 - Nice close on the hourly here, spinning top to end the session, pace slowed down on this pair, following what we are hoping is the exhaustion of the correction following our break and retest play. Really hope this moves into some nice profit over the eastern and a continued dollar gain to end the week. I.e cable shorts.
Bitcoin Resistance Zone Broken! First Time Since Nov. 2021!Ok Traders. I am not all the way bullish yet. But this is looking good. For the first time since November we have now broken to the top side of our long-standing resistance zone and out of this year-long bullish descending wedge. Before we get too excited, remember, confirmation candles are necessary here on the daily. We need another candle to open and close above the zone. Three candle closes above more definitely indicates that it's ole' Bitcoin's time to shine again!
Bitcoin Day Trade Setups, Swing Trade Entry🖥️ We have determined there is a 70% chance Bitcoin will Rise from our current entry point.
📉 LONG - BTC : $20,265📉
💵 Length of trade: we are expecting BTC to hit a $1,000 scalp, with a high end of $1,750, and a minimum expectation of $500.
🕰️ Duration of trade: we are expecting a possibility of the Min. Profit Target being hit with a fast spike under 4.5 hours. Then we see a Swing Trade duration leading to next Monday. We are seeing if the fear subsides, and we found a near term base
Bitcoin Scalp Signals for Weekend Trades🖥️ We have determined there is a 65% chance Bitcoin will Rise from our current entry point.
📉 LONG - BTC : $19,805📉
💵 Length of trade: we are expecting BTC to hit a 225 scalp, with a high end of 300, and a minimum expectation of $175.
🕰️ Duration of trade: we are expecting this not to occur within 3 hours of this signal. This could be 8-12 hours, being weekend can drag on longer.
Bitcoin Day Trade Setups, Scalping Entries🖥️ We have determined there is a 65% chance Bitcoin will Rise from our current entry point.
📈 LONG BTC - Entry Price : $21,450 📉
💵 Length of trade: we are expecting BTC to hit a $200 scalp, with a high end of $325 and a minimum expectation of $175.
🕰️ Duration of trade: we are expecting the minimum profit target to occur within 2 hours of this signal possibly, with a maximum duration of 12 hours for the trade.
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will RISE from our current entry point.
📈 LONG BTC - Entry Price : $21,525📉
💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $500 and a minimum expectation of $150.
🕰️ We feel the Minimum Target can be hit within 2 hours, doing a faster spike, but expect it to hit in more so 5 hours. We feel there could be some positive momentum leading into tomorrow's open pushing this trade in 18 hours.
- Jackson Hole is occurring, and Fed Chair Powell is going to speak on Friday. This could cause volatility leading up to the speech. Generally assets have fallen prior to these announcements, and risen after. Though we feel there is enough of a buffer with time to long now.