Zonetrading
EURUSD Analysis 8/17/2021
Hello traders, looking at EU. Two possible scenarios…
1. If price closes above 1.17000 on the daily time frame, then we can look for long positions as a double bottom can potentially form.
2. If price closes below 1.17000 we can see price drop down to the next zone which is price 1.16400
Thank you, good luck trading.
GBPJPY Analysis 8/12/21Seeing a good bearish movement. Although its a little too late to get in for a sell position right now. I would recommend waiting for how the daily candle closes. If price closes under price 152.500, then we can see a movement downward.
Currently waiting for price to retest 152.500 and waiting to see how the daily candle closes.
EURNZD, 4hr tf, bullish bat harmonic pattern plan
We're seeing EURNZD moving towards potential horizontal support at 1.6700.
This area has acted as support twice in the last 2 months.
Something interesting is EURNZD moving in a harmony and has been respecting several harmonic pattern movements.
I am planning on buying EURNZD when it touches 1.6700.
Buy EURNZD 1.6700
Stop loss 1.6650
Take profit 1.6930 (4.6R)
Use only 1-2% risk
Good luck
KEY forming zone of indecisionKEY forms zone of indecision which is highlighted by volumes at the zone of interest. Also RSI hanging around mark 50 and support at 0.0065 creates a possibility for KEY to break out of that zone and continue it's price growth. MACD gives a strong look of reaching it's downward peak and EWO doesn't even touch point zero. There is a lot of momentum waiting to show itself in that area. The main resistance level at 0.0075 should be broken with that price jump from this zone of indecision.
What do you know about Rising Wedges?Gold has broken the $1800 level and is now trading just above it.
This rising wedge occurred after a preceding downtrend which is going to act as a continuation of the preceding downtrend.
I would boldly state that the recent gains XAUUSD has been experiencing is a pullback to resume/continue the original downtrend.
If the high impact USD news (JOLTS JOB OPENINGS) being released is positive better than expected/positive, then my idea will be proved valid but until then, open sell limits with good risk & money management.
If you like this idea, leave a like, share your thoughts in the comment section and most of all, hording knowledge is bad, so share this idea with your fellow traders !.
Why is #MATIC not breaking free from #bitcoin?? considering the chart, the circled part was a false break-out which created SWING LOW from the Previous SWING HIGH, CORRECTION of 50% completed with a CONTINUATION which broke the 0.00% SUPPORT LEVEL of the Swing Low, a RETEST to the TRENDLINE now acting as a Resistance then a continuation which created he recent Bottom Valid Trend and an Asymmetric channel up. Price broke through the Major Resistance trendline an is currently creating a CONSOLIDATION at CROSS SECTION of TWO MAJOR TRENDLINE and a Minor Resistance Zone. A break above the Resistance Zone and the trendline acting as CURRENT RESISTANCE, gives us a valid LONG POSITION.
btc : it increases before unlock btc .i look btc rise up to price 40000$-47500$ before dump to 20000$-25000$ before grayscale will unlock 16,240 btc on 17th July .
don't believe me It's just a personal analysis.
thank you for reading my pov analysis .
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Anticipated BREAK OUT below the ZONE AREABefore I proceed with my view on this chart, I want to believe as a trader you already know the importance of 200 EMA acting as a Dynamic Resistance and Support, we have seen a break-out below the 200 EMA and a steady consolidation just above the SUPPORT ZONE AREA from January, a rejection at the Dynamic Resistance. We saw that price did range for some days before the BREAK-OUT to the Down-Side and a retest which created a Bearish Engulfing. At this point we are expecting a clear BREAK-OUT below the ZONE AREA and if that's achieved and a possibly we see a retest, a continuation will give a valid entry and a target at 19150.96.
NOTE: As a trader, by now you should already know that consolidation at SUPPORT or RESISTANCE AREA, a strong BREAK-OUT below or above gives a valid entry.