GBP/USD Technical Analysis: Bearish Bias as Price Approaches Key📉 The GBP/USD currency pair is currently showing a bearish bias as it approaches a key support level at 1.2100. 📊 Technical analysis suggests that a pattern breakout may expose the key 1.2000 level, indicating further downside potential. 💰 Our trading opportunity is to sell at the current level of 1.2098, with a take profit target of 1.20421 and a stop loss at 1.22779.
Hashtags: #GBPUSD #TechnicalAnalysis #BearishBias #SupportLevel #TradingOpportunity #TakeProfit #StopLoss
Tradingopportunity
Crude Oil - Counter trend move in playLooks like the counter trend up move for Crude Oil is currently in progress and from an Elliott Wave perspective we are seemingly in W.C of the Flat correction .
The minimum upside target has already been achieved and the market seems to be heading towards the white resistance zone , which will also act as next target area.
Let´s start to strong buy period.As can I see this period of retraction is most powefull than other occured in 2017.
The setup here is M50 for short track, M365 for fast track and M1277 for Slow track theese couple last I use to hold trading for very long períods.
My actual position is long when the price reached 38.20% of my Fibonacci.
My first target is 161.80% for hold around 1 year.
My last target is $130.500 for hold around 3 years.
Enjoy it!
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Portuguese:
Como eu posso ver, temos a retração mais poderosa já ocorrida desde 2017.
Nesta configuração uso M50 para curtos períodos, M365 para médio período e M1277 para longos períodos.
Minha posição atual é compradora desde a região de 38.20% de meu Fibonacci.
Meu primeiro alvo está em 161.80% e pretendo segurar por 1 ano.
Meu alvo final está em $130.500 e pretendo segurar por até 3 anos.
Aproveitem!
XAUUSD at a key level!Based on the chart, for XAUUSD, price reached a major support area and a rejection is about to happening but it's not completed yet!
So at this moment we can have to different scenarios that we are talking below:
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1. Price rejection from the support level is completed and the price moves up
2. The rejection of price will fail and the major support area will break. Then we've to be ready to sell at the pullback.
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So what do we think about the price movement right now?
Currently we have more bullish bias about the next movement of price. So let's check our reasons:
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1. We are in bullish trend ( Bullish )
2. Price reached to the bottom of a bullish channel ( Bullish )
3. Price reached to a support area at the moment ( Bullish )
4. RSI(14) is in oversold area ( Bullish )
5. It has been a strong bearish movement which lead the price to the bottom of the channel ( Bearish )
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So based on the following scenarios we can still have bullish bias otherwise the scenario changes.
However consider that these are different scenarios and we do not have enough proofs for buy or sell right now (That's why we set this analysis as Neutral )
But let us see what do you think about the next movement? up or down and why? please bring your reasons and feel free. Your idea is always valuable to us!
Good luck and thanks for supporting us!
Intraday trading opportunities using liquidity gapsLiquidity gaps (price spikes) occur on the charts all the time and it doesn't matter what time frame you're looking at as you will find them everywhere.
Now, not all liquidity gaps fill but depending on the market environment you're in, you can use these liquidity gaps to your favour to help discern where the market could go next sometimes with higher probability.
What you have when you see a sharp spike in price are inefficient moves created in a direction where there is usually thinner liquidity present which is the reason for such a sharp drive in the first place, so when price starts to slow down after the move and show signs of weakness we can look for any topping or bottoming structures/patterns that may lead to price starting to fill the gap back to the original point where price took off from.
As price starts to move back to the original position there is increased probability for price to fill the original drive higher or lower as there is not a lot of volume/transactions present in the price action to halt the move coming back towards the origin with great effect.
Also, If price does fill back to the origin then there is a good chance that we could also see a bounce at this level again as this is where most of the order flow ignited the original spike higher/lower and additional volume could be present to help protect the original move.
As you can see from the chart, we have shown 2 intraday moves on AUDUSD to show this natural movement in price that occurs very frequently both in a long and short example.
PDN T.A.PDN has been in our watch for a long time.
Looking from a monthly prospective a possible double bottom is forming.
If the break of the neck line occur we expect over 200% rally from current levels.
The break of that neckline could also be the beginning of the bull rally that the U-Bulls are waiting for years.
In all these years since the last radioactive disaster technology in the industry has improved and become safer. There is a lot to talk regards the U industry.
The world is in constant need for more and more energy and Uranium could be the solution.
Nobody knows what is going to happen in the future but from a trading/investing prospective we want to keep one eye on the industry waiting for a perfect set up.
Don't miss the great buy opportunity in EURGBPTrading suggestion:
There is a possibility of temporary retracement to suggested support line (0.8769). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.8866
TP2= @ 0.8910
TP3= @ 0.8994
SL= Break below S2
EW ANALYSIS: EURNZD In A Big Three-Wave Corrective RallyHello traders! Today we will talk about EURNZD which has pretty clear pattern.
When using the EW, everyone can count up to five, but only few analysts have the right approach and this experience can only be gained through multi-year practice.
Well, looking at EURNZD, we can clearly see a big impulsive five-wave drop away from 1.7930 highs into a wave A, which means that the trend is currently bearish, but before a bearish continuation, EURNZD must first finish a big three-wave a-b-c corrective rally in wave B that can find resistance ideally around 61,8% Fibonacci retracement and around 1.73 – 1.74 levels!
That said, we believe that wave c/B is still missing, which should be made by five waves, so don't be surprised if EURNZD starts to rise sharply in the next few days/weeks. But, you know where is the limit and till then, there's room for 600-700 pips, so maybe would be nice to catch some longs since we have seen a sharp bounce in the last couple of days that can be the beginning of a five-wave rally for wave c/B!
Remember, the major trend remains bearish as long as the price trading below 1.7930 highs! We are currently just observing a bigger correction which may become even more complex, so any earlier sharp decline back to 1.6330 lows would be an indication that correction could be already completed!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BTC/USD Trading OpportunityBTC is hanging in there, stuck in the 9000 area. BTC need to break the 9925 level strong in order to keep going up. It's not the best trading position but you can enter when 9925 or 10000 level breaks, target being around 11775 level, giving you about 18% gain.
Also the price needs to go through the 200 day MV. it's keep getting rejected by it.
Good Luck!
This is not a financial advice, and please trade at your own risk.
If you like this analysis please hit like so I can publish more analysis in the future. I also accept donations ( BTC 5.21% 0.19% ,NEO,ETH, LTC), and if you like to donate please message me directly because I can not post wallet address on here.
ADA/BTC Trading OpportunityADA looks very good and bullish. If you missed the second entry opportunity, you have one more opportunity to enter the ADA trading. New entry is at around 0.00003693 level, the next target will be around 0.00004993 level which is about 35% gain.
Good Luck!
This is not a financial advice, and please trade at your own risk.
If you like this analysis please hit like so I can publish more analysis in the future. I also accept donations ( BTC 0.19% ,NEO,ETH, LTC), and if you like to donate please message me directly because I can not post wallet address on here.
BTC - Last Wave Correction !!! Buy Signal !!!
Still using: "THE MOVING WATER" - New Trading Perspective
Check the previous technical analysis, click below: link to related ideas.
I have been posting most of the movements, since Feb 3rd, and the end of the Storm should be it.
Even though price already reached 6k, price will re-test the area for the last time, and could reach the 2nd- Short target: 5800, from the last trading analysis.
When placing orders choose a price higher then 5800, because your order could not be completed, it may not have time to execute, depending on the order lines and order size.
So, if you are a aggressive trader put 5.860, but could not get at this price. It is possible that whales put the big order above that to trick people. So you will need to follow price all the time to not miss the wave.
If you are not that aggressive or don't have time to follow the market, and don't want to lose de wave, I recommend put your buy order at: 6.180 or 6.400.
After this last short wave, a Big Long Wave should Start. Get Ready - Place Your Orders in Advance.
Don't Miss The Very Beginning of the Wave.
GOOD LUCK. GOOD PROFIT. ALL IN.
Chance for the Moon to meet XMRI will be keeping my eyes on Monera as I can see a good opportunity to come. If it brakes the resistence at 0.0300 (which is also fib 0.786 level) and pass by 0.0305 it will be a good position to buy (if the potential remains). Even safer would be buying after the return bounce from 0.0325 and 0.0305 levels but I think it will be easily beaten as holders should see the potential too and start buying more. Last time the price was here 6 months ago and if Monero will grow through the "80lvl hodlers" it will fly to the moon =)
T1 - 0.03245
T2 - 0.03555
T3 - to the moon!!!