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EURUSD Analysis (5th April 2024) EURUSD Analysis On the weekly timeframe price action has just rejected off a weekly bearish Fair Value gap. This rejection created a 4 hour Change of character which indicated potential retracements after a bullish run on EURUSD. On the 1 hour timeframe, we can see that price action has created a very neat balance price range coupled with a bearish Fair Value gap that we can look to take shorts from. What i want to see is Asian/London session to create a pull back into either one of this zones, before i look for a 15 minute Change of Character to look for shorts to fill the clean candles on the left.
Short
by CallistoFX
Upward trending channel - ASX:SEMI (Long)SEMI currently sitting on upward trend line within established bullish channel. Previous support line at $16.30 where demand triggered another uptrend to above $17.00. RSI currently within average buying levels around ~56-60% showing higher highs, indicating another potential run back towards previous ATH SP level of $17.54. Aiming to take a long position between $17.00 - $17.10 if buying pressure increases in the coming days. Disclaimer: NOT financial advice, I am not a qualified finance profession. These ideas are my own based on my research. Please consult a licensed financial advisor before making any investment decisions.
ASX:SEMILong
by entryspecialist
1
Watch this closelyAfternoon Traders, Here's what I am currently keeping my eye on at the moment. We are in this ascending megaphone pattern. This is typically a bearish pattern longer-term. The problem is that we don't know how much longer the pattern will hold before we, most likely, drop out of the bottom side. It could be weeks. It could be months. It could hold for a year. But what we should definitely be keeping our eyes on the most is that bottom side. Today it sits at just under 67k. Tomorrow it'll be just over. By my calculations, it looks to be rising at about $437 a day. Draw this one out on your charts and watch closely. As long as we remain inside the megaphone, I am still long, with growing caution over time. But once we break that bottom line, look out below! Best, Stewdamus
INDEX:BTCUSD
by stewdamus
GOOGL to Low $100s?Overview Google ( NASDAQ:GOOGL ) is in the dangerous territory of a double top formation. I've discovered this same macro-pattern with a few other assets as well. In combination with a rise in long-term Treasury Yield Curve rates since December 2023, I think a rush of selling pressure could be around the corner. Technical Analysis Utilizing Fibonacci retracement levels along with historical supports & resistances, the $126-136 range appears to be a key level in the share price. The double top formation is a bearish reversal pattern that resembles the letter "M" and, when valid, the second peak is greeted with significant selling pressure. According to technical indicators GOOGL is beginning to reveal the symptoms of a bearish reversal. The share price has risen on dwindling volume, Money Flow Index (MFI) is approaching overbought territory, and the On-Balance Volume (OBV) is still under a ceiling created in March 2022. A rising wedge is also visible on the hourly charts with a micro Head & Shoulders in development. Should a high volume breakdown occur then I believe a price target range between $109-126 is probable, however, I am expecting adequate support around $126 as it correlates with both a 61.8% Fibonacci level and has history as a key area of support & resistance. Speculations Earnings season is a great time to profit from derivative trading, however, it can also be more treacherous due to the volatility most stocks experience in the days leading up to and immediately following their Quarterly Releases. Because GOOGL is having their Earnings Call in the next few days, I would not be surprised to see sharp price movements in either direction regardless of the current trends. Concrete stop-losses and price targets should be determined before entering any positions.
NASDAQ:GOOGLShort
by Shepherd_Investor
MYRO/USDT Hit TP @ 0.035060, Update 30/03/2024MYRO/USDT nicely hit TP @ 0.035060 & brought for us a nice profits! ;) G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS": Stop Loss (SL): @ 0.19858 USDT Entry Point: @ 0.24852 USDT Take Profit (TP): @ 0.035060 USDT PS: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point. ( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & wait for price retracement to ( 1 )- EP-SL area or for the next new set up ;) Congratulations to all traders with healthy profits again! ;)
by G-money2022
AAVE - USDT Update 29/03/2024G-Money's short version analysis based purely on technical analysis only, no nonsense "BS": AAVE/USDT - low volume pair, Stop Loss (SL): @ 107.11 USDT Entry Point: @ 117.40 USDT Take Profit (TP): @ 138.51 USDT PS: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point. ( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & wait for price retracement to ( 1 )- EP-SL area or for the next new set up ;)
by G-money2022
ALCX - USDT Update 29/03/2024G-Money's short version analysis based purely on technical analysis only, no nonsense "BS": Stop Loss (SL): @ 28.22 USDT Entry Point: @ 31.61 USDT Take Profit (TP): @ 38.61 USDT PS: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point. ( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & wait for price retracement to ( 1 )- EP-SL area or for the next new set up ;) it is a bit "sluggish", but it is not really a big surprise with a low average volume around 80k
by G-money2022