Support zone on EURUSD The expected decline started yesterday, it’s important now to determine the zone where it can reach.
The levels 1,0779-1,0807 now represent the current support zone.
Upon reaching this zone we will watch for an exhaustion of the decline and pullback.
This will provide a buying opportunity aiming 1,1080.
GDP annualized Q1 for USD will be published today.
Zone
usdjpy consolidating before breakoutUSDJPY is hinting at a momentum swing. The overall trend is still up however price has not been making any new higher highs on the daily, In fact, volatility at the high forms a bearish reversal signal. I believe price is pulling back intraday bullish, but this push isn't very strong. Another daily rejection at the high will trigger a short setup for me.
GBPAUD Buybritish Pound vs Australian dollar had a rally downside and having a support on H1 support area also we are having a confluacne on M15 a trendline which was broken and is tested by the pair so we can think of a potential buy setup after a price action we had a inverted hammer down on Support level that could possibly be a reversal signal but still we will be waiting for proper price action for buy
BNB/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the BNB chart on a four-hour interval. At the beginning, we will use blue lines to mark the uptrend channel from which the price is currently breaking sideways. Importantly, we are just below the EMA Cross 200, it is important that the price maintains this level and returns above 200 to continue the uptrend.
We will now move on to marking the price support locations and we see that we first have support just below the price at $300.6, but if the price goes lower, we have another support at $284.8, then at $269.2 and another support at $247.4.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently at a very strong resistance zone from $309 to $330, when it manages to break out above this zone, the price will move towards strong resistance at $359.7 and further towards resistance at $398 $.
The CHOP index indicates that there is a lot of energy for the upcoming move, the MACD indicates a trend change to an uptrend, while the RSI has a rebound and is in the lower part of the range, which is important that the rebound on the indicator gives room for new price increases.
Sell wheat everyday 🐻🍞Who sells wheat everyday? It’s the price-reducing wheat bears who want to provide us all with a cheap basic supply of food. "Affordable wheat for all," chant they, offering reduced-price bushels of wheat to anyone who comes their way. At the moment, they are not to be restrained in their sell-off ecstasy, however, we already see the low of the blue wave (v) lying shortly before us, which means that this sell-off should soon come to its end. The wheat price is already in our green target zone here (between USX 662 and USX 472), where we expect a trend reversal. The bulls should therefore report back before too long and point to the need for higher wheat prices. It should be noted that with the end of said blue (v) wave, an overarching and relatively long-lasting correction should also come to its end. Therefore, our green highlighted target zone can serve as an excellent entry opportunity for speculations on the long side.
GBPJPY - Strong Resistance Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPJPY has been trading in range between our blue/green support and resistance zones.
Lately, from a medium-term perspective, GBPJPY has been bullish trading inside the rising broadening wedge pattern and it is currently approaching the upper red trendline.
Moreover, the blue zone 171.0 is a strong resistance.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. (acting as non-horizontal resistance)
As per my trading style:
As GBPJPY is sitting around the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - sell and buy zones.Hello! It is visually evident that a so-called "falling wedge" has formed on the chart, which is one of the most well-known patterns in the market. The wedge typically indicates that supply and demand in the market are converging, and can be a signal for traders that the price may change its direction.
In addition, buying and selling zones are highlighted on the chart. These zones can be useful for you, as they are a reference point for me in terms of where the price is expected to go in the near future.
EURJPY Waiting for a LongThe ECB raises interest rates and what does the euro do? It drops drastically, especially against the EURJPY exchange rate, as we have the yen as the second safe haven currency after the CHF. My objective is to wait for the price to reach the 146.50 zone where there is an excellent demand zone. The area was identified through the 3H + 45M strategy. We will see if the market meets expectations. The objective is Long with a target of 150.
Let me know your thoughts.
Good trading to everyone.
Forex48 Trading Academy
BTC: BULLMARKET VIEW Currently, it appears that BTC is still experiencing an upward trend. However, it is crucial for BTC to maintain its value above 23K in order to sustain this upward trend.
Based on the chart analysis, it seems that we are nearing the beginning of a bull market for BTC, which could potentially result in higher volume coming time.
The chart also shows that if BTC is able to maintain its value above 23K, there is a high probability that it will experience a breakout in the coming time. Furthermore, many other cryptocurrencies can follow this trend.
My today idea of Gold's possible moves 27042023A mixed trading session dominated gold prices yesterday after it achieved the first target that needed to be touched, located at the price of 1978, recording its lowest price of 1976, to start an upward rebound due to touching the support represented in the target.
Technically, and despite the stability of trading above the 1992 resistance level, we still tend in our trading to be negative, relying on the clear negative signs on the stochastic indicator, in addition to the regular trading within a technical formation that indicates the possibility of continuing the corrective decline.
Therefore, the bearish scenario remains valid and effective, and that is achieved by breaking 1992, targeting 1978 as the first target, and then 1964 as the next station, considering that the official target for the bearish correction is located around 1952.
Activating the proposed scenario requires the stability of daily trading below 2006, and its penetration can enhance the chances of gold prices rising again with the goal of 2018.
NZDCAD - Approaching A Strong SupportHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
NZDCAD is overall bearish trading inside the falling channel in orange and previously we have been trading it by looking for sell setups around the upper trendline and buy setups around the lower trendline.
Now NZDCAD is approaching the lower orange trendline again.
Moreover, the zone 0.83 is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower orange trendline. (acting as non-horizontal support)
As per my trading style:
As NZDCAD approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
new time zone w Bitcoin has become a fixture in today’s modern society, a source of innovation and mystery, and has begun to change the way we think about currency. Because of Bitcoin’s success, many modern cryptocurrencies are simply variations on the Bitcoin framework. These Bitcoin derivatives are referred to as Altcoins. By understanding the cryptocurrency framework, through analysis of Bitcoin, examiners will be capable of understanding artifacts in a wide range of cryptocurrencies. In this chapter, we learn Bitcoin through example by first understanding the underlying theory and then seeing it in action. By using the MultiBit HD client, we observe transactions coming across the wire and look for their network and disk-based artifacts. From this approach we accomplish two things: the reader obtains a technical understanding of how cryptocurrencies work and how to forensically analyze and evaluate cryptocurrency artifacts.
accumulation toward potential daily bounceaccording to this swing level strategy we are coming off an oversold level but arent yet bullishly diverged. this is one way a daily bounce could happen. i drew wave cycles that match up how trend level zones could complete the dynamic rane oscillator. i would be long if we reach an oversold divergence in the support zone or if a reversal happens on a low 15 minute in the current price area. i would trade breakouts of a higher low multitimeframe long up to the daily, and i would also trade a bearish continuation pattern short on the weekly.
The asset is traded in an upward movement on elevated volumesThe asset is traded in an upward movement on elevated volumes, which indicates the participation of large capital, there is a squeeze to the resistance level at 6.40, which was not broken from the first time. The price tested three times the oblique trend, which indicates the strength of the buyer, I expect a trade before the level with a further impulse breakthrough. Login via the above trading system!