Though previous high was broken, a fundamental look still shows aussie losing momentum. This way, we are looking at a at a test of the new high for validatiiin of my entry. A break of the new high invalidates this trade. Overall, the JPY seems to be gaining momentum across board leading to a selloff
Previous high was not broken but price created a new low. Based on trend line, price will retest previous high and trendline and sell off from there.
Still bearish on NZDJPY. I believe the bearish trend will continue as price failed to past the previous high. There will be a reteacement to the marked area, which will serve as an entry point.
I see an ascending rising channels that predicts BTC could be in its final phase of dip. If price confirms to this ascending structure, then it ca indicate a confirmation for dominance. What does this mean for traders? Well, a break upwards or further ascending structure can mean BTC outperforming altcoins. A break downwards could mean BTC BTC dominance...
A possible move to the previous ATH. As price failed to break the previous low.
Waiting for price to enter our POI as the overall direction is bearish.
A break of this structure either upwards or downwards could mean different things. A breakdown could mean strong upward movement for altcoins and Bitcoin dominance weakening. A break upwards could mean BTC outperformance while altcoins remain stagnant or lose value. Either way, we wait.
On the monthly timeframe, EUR JPY is bullish as the previous low at 154.414 did not break the last low. Therefore we expect a bullish continuation to the previous high indicated around 175.348. However, this sell analysis focuses on a catching a short sell setup within this bullish monthly structure on the 1D timeframe, before prices goes back to the last high....
Using sell market structure and liquidity, I intend to catch a short sell retracment to the recent higher low. ENTRY: 0.89955 TP: 0.89083
Using basic swing market structure, expecting a bullish trend to indicated angles.
If PEPE breaks out of the descending symmetrical triangle, a buy will be possble
Based on support and Resistance, I project GBPUSD to get to the support of 1.2617. My resistance points stands at 1.2806. Additioanly, the trend line shows a downward movement. However, I expect several retracements for selloff with the ongoing happenings in the UK. SL: 1.2615 TP1: 1.2707 TP2: 1.2617
After breaking the support at 1.2804, we expect a push to the resistance level of 1.28607.