30min Higher high re-test GET IN THIS UPTRENDBitcoin broke out of an odd range of consolidation only to create a beautiful consistent uptrend. The TDI on the 1Hour chart is very bullish also. Structure and clear breaks can be seen on the 30min chart which is why I'll be entering from the 15min. and holding until a daily level is breached. Price is pulling back with indecision which is excellent as well. A reversal candlestick on top of support as an indicator of a retest will decide whether I'll be placing an entry going bullish toward $27,490.00- $27,831.84
Uptrend
Gold creating its 3rd higher high after a steep declineI believe it's time to counter trend trade this pair. I plan on counter trend trading this pullback(retracement) of a daily lower low. TDI was too bearish on the 4hour chart from me to take a long position on Friday but now, all signs are clear for a buy upon a reversal signal at re-test. The swing high is around 1983.27 the swing low is around 1958.15. the neckline for the double bottom is the weekly support. I've already remarked up my chart for the 4hour supports and resistances. I intend to trade as relatively close to naked as possible since the candles speak for themselves as loud as the fundamentals. We're up all night to get lucky as we become more patient with this setup we'll learn that it's the simple fundamentals and basic levels of structure that determine our bias for direction we must be attentive and prepared to switch immediately upon a retest of structure.
NASDAQ | Bullish TrendThe NASDAQ is a stock exchange that is home to many technology and growth-oriented companies. When it is said that the NASDAQ is on a "bullish trend" or "uptrend", it means that the overall sentiment in the market is positive, and investors are buying more stocks than they are selling. This can result in a general increase in stock prices.
The "DOW theory" is a technical analysis approach that focuses on the behavior of the Dow Jones Industrial Average (DJIA) and its relationship with other market indicators. The idea behind the DOW theory is that if the DJIA is moving in a certain direction, it can be a signal for the overall direction of the market.
In this case, it is mentioned that the NASDAQ is playing a DOW theory with "Higher high and higher low, HH, HL". This means that the NASDAQ is making higher highs and higher lows in its price movements, which is a sign of a bullish trend. Higher highs indicate that the price of a stock or market is increasing, while higher lows suggest that the market is experiencing pullbacks but still maintaining an overall positive trend.
Finally, it is mentioned that the NASDAQ is trying to "print its new higher highs with the positive move." This means that the NASDAQ is attempting to establish new record highs in its price movements and that these new highs are being accompanied by positive movements in the market. Positive moves can refer to factors like increased investor confidence, strong earnings reports from companies listed on the NASDAQ, or positive economic indicators.
Live Trading GBPUSD Strong ReversalThe GBPUSD maintains a valid upward trend on the Daily chart, which demands our attention and respect. Despite the current significant decline, it is technically considered a pullback as no critical structure has been breached.
However, it is worth noting that the 5-minute intraday chart has dipped below a sell point, indicating a potential reversal. The wavestructure is currently at ML 5, representing the last swing before a bullish reversal can be anticipated.
Considering these factors, it may be opportune to consider a Long Trade from the LOD (Low of the Day), aligning with the market structure's low.
Feel free to make informed decisions based on this analysis.
Enjoy!
Counter trend Opportunity 5min chart.Gold broke down to a Low on the 4H however it didn't confirm the break with a new bearish candle but rather an indecision candle followed by a bullish engulfing. This counter trend setup is based on a false break. the 1h TDI is still bearish. This setup is based on the 30min and 5min already up trending. This is attempting to buy the pullback.
AUDNZD | Bearish Divergence AUDNZD being in an uptrend means that the value of the Australian dollar relative to the New Zealand dollar is currently on the rise. Additionally, there is a notable development occurring in the form of hidden divergence on the Relative Strength Index (RSI). Hidden divergence refers to a situation where the price of an asset and the RSI indicator move in opposite directions.
In this case, the formation of hidden divergence on the RSI suggests a potential reversal in the current trend. This means that despite the ongoing uptrend, there are indications that the market sentiment might shift in the opposite direction. Traders and analysts often pay attention to hidden divergence as it can provide insight into a potential change in the market dynamics.
AUDNZD is currently experiencing an uptrend, the presence of hidden divergence on the RSI indicates the possibility of a reversal in the trend.
USD/JPY BUY PRICE ACTION- I'm expecting the price to retest the resistant again for the 3rd time. If buyers succeed to break this strong resistant then I'm expecting the price to rocket to a big imbalance zone seen in 1-day chart which is 142-146
I'll be watching 30 min chart to enter this buy opportunity, expecting a round .... ( watch for bullish patterns to confirm your entry)
Have a safe trade-> Fifi
GBP-USD Swing Long! Buy!
Hello,Traders!
GBP-USD is trading in a
Strong uptrend and the pair
Is hovering above the
Strong horizontal support
Of 1.239 so I am bullish
Biased and I will be
Expecting a bullish continuation
Buy!
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BTC/USD (Bitcoin) - Daily - Bearish Pullback to Test The UptrendBitcoin (BTC/USD) has formed a head & shoulders resistance price pattern under $31,000 in May 2023.
Support Price Target(s) below are: $25000, $24000, $22000, $20000.
Bitcoin needs to establish and hold a price support level above $20,000 to maintain an Uptrend in 2023.
note: the longer-term price trend for Bitcoin could take months to establish and develop.
Natural structure suggests going Long on USDJPYThe Daily has created a higher, retraced down to the 78.6, as well as a support and the back of a trendline. I am long USDJPY after the doji presented on Thursday. The min setup from my prior video Monday was not validated for an entry, however now, all signs point to bullish activity along with reversal signals. A higher low formed around 134.267. This is a clear case of an uptrend making higher highs and higher lows in real time.
on the lower timeframes such as the 4 hour, 1 hour and 30 minute is where I look to have an entry point of decision. my target and stop loss has already been determined. The target for this buy is -27% of the retracement, or the next Daily level: which is in the same area. 138.700. my stop loss will be beneath the previous daily Low at 133.000.