As seen in the chart, it was expected that the ideal "supply" zone was swept. As a retailer, your normal reaction is to buy on that support area; however, looking at the bigger picture, due to the momentum of the bears, there was no clear indication for us to buy in that area, hence using SMC, we should be buying at our actual discount/supply zone. By buying in...
Using SMC (assuming that this is properly executed), we expect that the price is to hit 1.033 levels before an ascent up to 1.1309 then further down again to 1.067 to 1.0595 then ascend further up to 1.1405 wherein 2 scenarios can happen: A. If 1.14650 breaks, then we can confirm an uptrend or B. If 1.135 does not hold, then we can expect 1.03 to break down to...
We’ve all witnessed how GU went further down against USD with a 4% decrease, making it a historic low since 1985. This chart is purely based on TA so as you can see, a massive Liquidity Sweep was done and from said demand area, I am expecting it to hit around 1.1400 to produce an uptrend, which is badly needed by this currency. My target is 0.618 of the Fibonacci...
EURUSD completed the descending wedge pattern. This is a 1:7 RRR. We are looking for a swing trade in this scenario. Warning: Do not trade this plan if RRR is 1:3, not worth it.
AUDUSD showed a strong bearish divergence on the daily TF. I expect it to fall as low as 0.69 levels in the upcoming days. Be wary though, this analysis will be invalidated should the daily close above the previous high.
As you can see in my charts, here are all the HL, HH, LL, and LH that can be spotted on XAUUSD with the last HH piquing my interest since it deviated and shot up. Now, I'm looking for an entry somewhere between 1942 and 1926 before it can shoot up to 1920. Gold should have the decency to fill the gap that it left because if it doesn't, quite a lot of bulls will be...
Here is my take for this trade. My first TP area which also serves as the confirmation of the trend's return to the ascending channel was hit, now I am just waiting for my 2nd area to break so we can return to the area before entering our buy zone, indicating that the pennant is complete by then. Additionally, there is still confluence since the bearish divergence...
AUD is currently on a bullish trend, we can expect for it to hit its major resistance which will serve as its trigger for shorting, respectively 0.7288 levels. By this time, we can expect a major shorting. Disclaimer: This is for educational purposes only.
XAUUSD has an overall bullish pennant for its market structure. To support this, it showed a strong bearish divergence to which I suspect will lead to a strong reversal soon so for my first TP area, I expect it to fall as low as 1820 and see where it goes from there as we will be playing with retracements until it reaches my overall TP of 1769. Disclaimer: This...
As seen in the chart, the red lines represent bull trades whereas green lines represent bear trades. The reason why this is so is due to my CURRENT shorting bias for this with the following reasons: 1. The current market structure is an ascending channel (4hr and 1hr TFs), which means I expect a further descent to a decent local support say 1804.5 or 1802.5. 2....
XRPUSDT like with the other cryptocurrencies showed weakness with its continuation of a bearish run; however, taking into consideration the formation of a weak bullish run, we may be able to enjoy a short-term bull run up to 0.85 and a possible descent further down to 0.4 levels which I hope will happen for the formation of a major support. Disclaimer: This is...
My original idea broke so my assumption is the one in play now. Crypto remains bearish but now shows sign of a weak bullish divergence for AVAX. We are already at its buying zone so let's see if this is where we have a reversal.
SLPUSDT or SLP in general has been notorious online for the past couple of days due to its continuous downtrend; however, with the new updates coming up it is currently under going a pump. With today's candle (02/08/2022), we should look at it as a point of reversal for a bearish trend. It is possible, but we need to take into consideration the divergences. As...
In our previous analysis, we talked about when to buy SLP and it completely hit our bounce area or our major support so now let us talk about the daily TF. In the daily TF, SLPUSDT showed a bullish divergence (strong). Can we expect a reversal soon and a strong one at that? My target is to 0.035 resistance before another tip occurs. Disclaimer: This is for...
As seen in the daily TF, a neckline is already formed. My guess is that it is forming a HnS to finally reach the TP area of the bullish pennant and then break the 1900 levels. We are nearing the end of the pennant so let's stay tuned folks; however, it is also important to note that there is still confluence in the structure yet there is still a possibility of a...
Our last idea was accurate and we have now entered our buy zone. Do we see this descending further down to 0.0038 or do we go up from there? Disclaimer: This is for educational purposes only.
Cryptocurrency is currently in a downtrend; moreover, take into account that SLP's major support (supposedly), broke so now, using Fibonacci and Gannbox (Set in quarters), I established an "estimated" type of support where one can buy SLPUSDT should it fail to make a reversal in its current level. This is purely based on speculations since SLP literally has no...