15 min engulfing, volume profile indicates large order blocks above and below price. I think with the bullish engulfing we will rise through Tokyo session and drop down to the Point of Control (POC Line - Yellow) during the NY session
I think Tokyo session will range around the previous NY highs, London will push higher to stop hunt, then upcoming NY session will push to the liquidity around 1.074 Just an idea, curious as to how markets will react with CPI right around the corner.
Confirmation on break below triangle. Could break highs depending on CPI data
Looking for a breakout either side of this Ascending Triangle.
Looking for this H&S pattern to play out for a good short trade. Might get another push up, could even break upwards temporarily for a fakeout (hopefully stops are high enough)
Waiting for breakout of this ascending triangle pattern, looking to buy or sell depending on which direction it breaks out.
If price breaks below the channel, looking to drop down to next support.
NFP count to 400K+ Should be good for USD and send EURUSD into new lows
FX:USDOLLAR Totally uneducated assumption but with the pandemic and recession I'd assume NFP will come back negative but who knows maybe that would encourage/force people to work to pay for increased living expenses due to inflation and rate hikes. Also the fact that people working multiple jobs for sperate companies count as a point for each job they work. 10x...
NFP around the corner, will it strengthen USD or weaken sentiment? EURUSD is at monthly channel low, good upside potential (macro) DOW is also at monthly low, be interesting to see what run bullish as it will determine the direction of the EURUSD pair. DOW + Bullish = EURUSD Bearish Negative NFP reports could push DOW into new lows and set the EUR off on it's...
Retraced back to mean and is consolidating, waiting for breakout above consolidation range for entry. Could form a second peak and form a H&S especially if recession hits through 2023. Buy the break above 12,950. TP1: 13,000 TP2: 13,090 TP3: 13,160 If price breaks below 12,799, short. TP1: 12,750 TP2: 12,700 TP3: 12,650
The next few days will be critical, a break up or down from these critical levels is a clear indicator of a move. - Green Trend Line = Weekly Downtrend for previous ATH - Orange Trend Line = Daily Bearish Trendline - Red Support Line = Current Bear Cycle ATL 1) A break above the Green/Orange trend lines would indicate to me a move upward, possibly setting...
Development of my previous analysis. Still very bullish on BTC overall, but I can see the possibility of a deeper pullback to the 61.8% Fib before Trend Continuation
Looking to go long on breakout of the resistance line (red) or price action/reversal pattern on the 15min and/or 1hr timeframe in the green zone. Looking for confluence between RSI wedge, Itchimoku Cloud, Trend Line *Not financial advice
Entry with confluence of indicators: [ * Trendline, RSI, MA, Support, Ichimoku, Fibonacci Retracement *Price action/reversal pattern on trend lines (green) or Price action/breakout pattern on resistance lines (red) ]
BTC tested bullish trendline on 1hr 15min double top + retracement indicates reversal, although I am looking for bullish trend continuation in the green zones