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Don't worry about BitcoinBitcoin is still in up channel and it needs to make a lowSo to make an another low, Bitcoin needs to retrace and right now(2/24/2021) BTC is experiencing a corrective wave.] Also Bitcoin is experiencing a bearish candle in weekly time frame. Based on fib retracements , Important support zones are: Zone 1: 45100 - 44500 Zone 2: 42230 - 41700 (chance to return from this zone) Zone 3: 39600 - 39000 (difficult to break out this zone) Zone 4: 37400 - 36700 Zone 5: 34500 - 33400 Zone 6: 30000 - 29200 This is not an investing or trading idea, This is just an analysis for BTC recent corrective wave. Do your own research and remember risk management is the key of success in financial markets. Thanks for your time Comment your idea and let me know what you are thinking
Short
by KiomarsRakei
2
NZDJPY, 1hr tf, buy setup at the end of wave-ivHello my friends, Today i am gonna buy NZDJPY. Previously i took sell order from 76.55 and closed it at 76.00 and banked +55 pips which yield 2.75R. I didn't posted it on tradingview because i was not on my laptop when i took that trade. So instead i will share the buy position today. As you can see, price retrace towards 61.8 fibonacci retracement which also has a horizontal support level at 75.90. Additonally there is 200-EMA at here as well so this place is an area of confluence support. Buy NZDJPY 75.90 Stop loss 75.50 Take profit 77.20 (3.25R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1
CHF/JPY AnalysisWelcome back! Please support this idea with a LIKE if you find it useful. *** CHF/JPY - Play the recorded analysis and comment below with your thoughts or questions! Thanks for growing the community! :) We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian Kenya Horton, BK Forex Academy
by BKTradingAcademy
KOTAK MAHINDRA BANK AnalysisKotak Mahindra Bank Limited is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. Right now, According to the wave theory, Impulsive waves are countered recently by the Corrective wave by making lower low than the previous corrective wave. Also, there is a Demand zone below from where we can expect a bounce. There is a Resistance level at the top. This level is fresh and thus may be broken also. So, wait for the price to bounce at the Resistance level, and then we can short our stock.
NSE:KOTAKBANKShort
by alphadecodetrade
US30 DOW JONES sell continuationHi traders, US30 nicely reject on our supply zone and droped down. It breaked below trendline agressively, and shows that price is gaining on bearish momentum. I expect price now to correct so we might see price retrace back to fib levels. There is still a lot of uncertaintes in America, so we might also get price to push back and retest zone with taping on 0.786. Anyway i think that price will continue to the downside, i expect weaker DOW in next days. And there is still daily divergence on macd which can push price down realy agressive. Keep your eyes on it and wait for correction, and stay patient!
OANDA:US30USDShort
by KosirFX
4
XAUUSD, 1hr tf, buy on EMA-200 bounceHello my friends, Another trade setup for today before i am going offline. As you can see, XAUUSD recently dropped 580 pips in only 1 day. It finally find support at EMA-200 of 1hr timeframe. In my opinion, we could see some bounce to the upside. Maybe to test 1936 area. Notice also there is an inside bar pattern occurs at support. When an inside bar occur at support/resistance, it usually could be a reversal pattern. So after the hard drop, we might see some upwards movement. Buy XAUUSD 1916 Stop loss 1908 Take profit 1936 (2.5R) RR Ratio 1 : 2.5 Use only 1-2% risk Good luck
SAXO:XAUUSDLong
by HayatoDragonFX
USDJPY, 4hr tf, sell on area of confluence resistanceHello my friends, As you can see, USDJPY just rally for 100 pips in the last 2 days. In my opinion, this rally will be short lived as long as price below 103.70 on daily and 4hr tf basis. We could see further upside if price managed to closed above 103.70 on the daily tf. So as long as price below it, we will only sell on every rise (SOER). As you can see 103.70 is an important level because it previously served as horizontal support. Now that price already broken below it, this level will now become a resistance. Right now the 4hr tf EMA-200 also located at 103.70 area so we could say this is an area of confluence. I provide 2 trading plan where you could set your take profit. Feel free to choose either one. Sell USDJPY 103.70 Stop loss 104.00 Take profit 1 at 102.60 (3.6R) Take profit 2 at 101.20 (8.3R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
EURUSD, 4hr tf, buy on retest of ascending trendlineHello my friends, Today i am gonna trade EURUSD. I am taking a buy position for this pair. As you can see, EURUSD respecting this ascending trendline from the beginning of Desember until now. As long as price above this trendline, we will only look to buy EURUSD on every dip. Notice also price above EMA-200 so, we could say EURUSD is bullish. I also marked potential horizontal support level with those yellow area. This area is an area where price open with a gap. Usually this kind of gap will turn into support or resistance. Buy EURUSD 1.2250 Stop loss 1.2215 Take profit 1.2470 (6.3R) RR Ratio 1 : 6.3 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
EURCHF, 4hr tf, buy bullish flag breakout at EMA-200Hello my friends, Today i found a nice setup on EURCHF pairs. As you can see there is a possibility the recent downward movement looks like a bullish flag. The downward movement also stop at 61.8 fibonacci retracement so i think we will see upwards movement again soon. Our target will be the recent top of EURCHF at 1.0885 This is simple analysis and don't need to overcomplicated it. Buy EURCHF 1.0807 Stop loss 1.0785 Take profit 1.0885 (3.5R) RR Ratio 1 : 3.5 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1
GBPAUD, 4hr tf, sell on retest of potential reversal zoneHello everyone, GBPAUD pairs gonna be my 3rd trading plan for next week. This pair trading plan gonna be like GBPNZD. Both of it aiming for a potential downward movement to fill the gap. This gap have now been left open for 2 weeks. It is not fully closed yet and i think we could see it sooner or later. The best place to enter sell will be arond 1.7900-1.7920 because it has acted as resistane for 2 times. I am waiting or price to test it once again and enter sell with a pending sell limit order. Sell limit GBPAUD 1.7900 Stop loss 1.7960 Take profit 1.7570 (5.5R) RR Ratio 1 : 5.5 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBPNZD, 4hr tf, sell on retest of resistance levelMy second trading plan for the next week is GBPNZD pairs. As you can see there is a gap which has not been filled for 2 weeks. It's quite a big gap and i think it will be fulfilled sooner or later. GBPNZD finally broken below the ascending trendline which supporting it since 15th December. I am now waiting for price to retest that trendline before taking a sell position. I would prefer if price also retest 1.9080-1.9100 resistance level before going down because this area could be a crucial supply and demand zone. If price really touch 1.9080-1.9100 area and reverse to the downside, we could also see it as a potential shoulders head pattern. A sell limit position will be placed at 1.9080 just in case i was not watching the pairs when price come to this area. Sell limit GBPNZD 1.9080 Stop loss 1.9160 Take profit 1.8690 (4.8R) RR Ratio 1 : 4.8 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBP AUD - inefficiencies 1,2The Aussie is gaining further traction - GBP has further downside positional power looking down to the below zones; 1. Zone 1: - we will be looking at a test of the order block, movement away to keep shorts flowing to keep the imbalance moving towards the zone of a 1.72 redistribution, liquidity to show bears further short options before the lows. From here we will expect a spring and a test of said springs. A rejection will occur and then see accumulation phase of price hitting the target on the AUD USD with bullish Aussie. 2. Exactly the same but making further gains moving down to 1.67-1.60 which will be the development. We volume will be a key indicator here to see the set up of the buy/sell swaps. A large break of structure will occur - taking out the equal highs. These are our Points of interests. Now the trend is moving, looking to see a weak dollar maintained in 2021 so this will be great for the Aussie, affecting the GBP also which has also been seeing a volatile state - however Growing against JPY, USD, but against the CAD, AUD, NZD is now seeing large flows creating ranges to accumulate account growth depending on signs of movement. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners through to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. If you feel our work is exceptional and would like to donate coins, this is highly appreciated. Regardless we will continue producing analysis. Thanks, Team Lupa
Long
by LupaCapital
GBPAUD- Weekly AnalysisHappy Sunday to you all, Definitely was a weird week last week for GBP. What I think will happen when the market opens is price will gap back down to where it gapped from last week, which it never retraced back to. Even if it doesn't price will rise then eventually retrace to that area for sure! I personally have never seen anything happen like this, where price doesn't retrace to where it gapped from within the same week. So what i'm expecting this week is price will retrace and rise just like it has previously at this area a few other times. If price was to take on the bulls price is definitely headed to 1.80000+. I will be updating/posting this pair all week so stay tuned, I feel a good week is ahead of us!
Long
by lobfxempire
USDJPY, 4hr tf, sell on retest of resistanceHello my friends, This is the last week of 2020 and i hope we could book some profits before this year ends. It has been a hella ride for this year and the market was in high volatility through the year. After marking our support and resistance zone you will find out that 103.60 has acted as strong support previously. It could turn into strong resistance for USDJPY and we will sell USDJPY as long as price hold below it. I also draw an ascending trendline to marked the recent movement but price now breaking below it. Sell USDJPY 103.60 Stop loss 104.10 Take profit 102.85 (1.5R) RR Ratio 1 : 1.5 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
1