USDJPY | Perspective for the new weekGoing into the new week, the upside potential of the Greenback against the Japanese yen appears to be becoming more limited as falling Treasury yields is undermining the pair’s most potent logic.
Technically, the appearance of a double top structure right above the 131 area followed by the breakdown of the neckline is a signal that there is a risk of further decline probably in a short term.
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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
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Descending Channel
USD/JPY: EMA 200 make resistancU.S. Dollar/Yen Japanese it's look bearish from this side. So, we see that it's moving into this bearish channel flag and MACD doesn't have enough strengthen to continue up in H1 timeframe
Meawhile, in H4 we see that we're into this bearish channel in formation as we see this bearish channel flag, we're in the key point to sell
Also, I read that U.S. Dollar fell today in some pars as an uptick in investors' appetite for riskier bets diminished the U.S. currency's appeal. Also, another fundamental analysis that I read recently it's that United Sates considering to block Russia ability to pay its U.S. bondholders that expire next week and this could be another bad expectative that I see in this rumor.
So guys, I'm shorting USD/JPY at $129.48 JPY and my target will be $127.40 JPY (207 pips) and SL to $129.98 JPY (50 pips)
I hope that this idea and analysis support you!!!
Good luck!!!
LUNA - ASCENDING CHANNELHello Trader, I just checked my chart to see that LUNA has dropped to all time low...
i wish i had done this analyses so traders would know the direction of this pair...
There was a head and shoulder pattern which indicates a trend reversal.
Currently i am watching for retracement to 1.131 or 1.161 fibonacci level before making any further decisions..
For more free analysis, Follow, Like and share..
Bitcoin - MEGA Falling Wedge + 0.618 FIB Support!- On the weekly chart we can spot a huge falling wedge - bullish reversal pattern!
- If you take a fibonacci retracement from previous low (3000 USD) - we are currently sitting on the 0.618 FIB level!
- I think the drop below 28k was a capitulation event to kick out all stop losses and trigger liquidations.
- ABC correction from all time high is now completed with 0,618 FIB extension on wave C.
NEAR PROTOCOL close to support area ❌🧨The price is close to the weekly support area and middle of the descending channel ✔️
we
expect to see more correction for the price ❌🧨
and
other important point located on the chart ✔️
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
GBPJPY - Descending ChannelHello traders, it's been a wonderful week for me and i hope u made some profits from our previous analysis, CADJPY played out accordingly.
Currently, GBPJPY hit it's descending channel support last yesterday and immediately started another move towards the resistance...
This is another opportunity to go LONG today till the next coming week.
STOP Loss below the support, don't fail to trade with proper risk management...
For more free analysis, kindly like, share and follow..
USDCAD looking for a new recent highs 🦐USDCAD on the daily chart is moving into a descending channel.
The price is now testing a confluence area between a daily resistance and the dynamic resistance and we can expect a test of the 1.30 area if the market will have enough strength to break above.
How can i approach this scenario?
I will wait for a break of the structure and in that case, i ll check for a possible continuation for a long entry point according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
BTC: SHORT TERM PLAN!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. BTC is bouncing off nicely from the $30k level so far and holding above $31k very well.
BTC is forming a descending channel like pattern in the 4hr time frame where breakout of this channel is still pending. Once BTC breaks this channel we can expect a good bounce. BTC has a resistance at $37.5k so in the short term we might see a pump up to $37.5k after breaking out from the channel.
For successfully playing out this scenario BTC needs to stay above $30k. If any 4hr candle close below $30k will invalidate this pattern.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
CADYJPY - Descending ChannelHello traders, i am here again with another trading opportunity from CADJPY.
Currently, the pair is in consolidating inside a descending channel....
First smaller channel is labeled red and the bigger channel blue...
Will Price continue to the support or break out?
Place your stop loss above resistance and profit target at support
USD/JPY SHORT - Made a clear Bearish start pattern (30min chart)You can see that the first Bearish channel got broken, but the long term decending line hasen't been broken yet.
We are waiting for a breakout "Downwards" at the support lv and then retest it before entry.
Im still kinda new Forex trader but i wanna share my idea and see what people say :)
Maybe other people have other views on it :D
BTC/USDT : Reached channel's bottom!BINANCE:BTCUSDT BINANCE:BTCUSDTPERP
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$BTC has reached the descending channel's bottom and so there're some similarities to check for...
Last time that $BTC has reached the channel's bottom ( Formed the channel bottom);
It just pulled back above our S/R local Line located on $~40600 and it has retested the channel's top.
Now we have the same bottomed candle formation and the local S/R Line above.
Also on wider Look, We have a stiff support zone at $33400 - $32800.
So based on our data; $BTC can pullback from the local channel's bottom or the lower Support zone!
📝 The main bias is still bearish and I won't use this possible pull-back to take advantage!
I'll only look for possible Longs when we get the closings above $35500 straight from our current level.
- The first confirmation should come to our current candle close just like the marked one.
- The second confirmation should be the candle closings above $35500, Otherwise, It'll drop to the local support zone it'll invalidate our Long position's opportunity ( Trigger will be closings above $35500 ).
- Be informed that our possible short-term bullish will be canceled if we get the weekly closing below $35650.
The importance of the mentioned line is just like $42000 (The main bias changer on weekly TF);
It's been 280 Days (40 Bars/Candles) Since our last weekly close below $35650!
All of the given information is for acknowledgment only!
⚠ The possible pullback won't invalidate our Short-Term positions yet!
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
BTC QUICK UPDATE! MIGHT SEE $38K SOON!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BTC is trading inside descending channel in a 10hr time frame. In this channel, we see that BTC is forming Higher lows and lower lows. So from here, we might test a new LL which is around $35k.
After hitting that new LL we might see a relief rally which will take us to $38k. If daily close above $38k then we again see a bullish rally otherwise there is a high chance that we reject from $38k. Let's see how it goes.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
ZIL/USDT : Reached channel's top! BINANCE:ZILUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$ZIL has formed a descending channel and it has reached the channel's top.
Despite the current market's bias, I'm expecting more corrections to come; Because of the recent bounce without any retracement.
In macro overview, It must come with a fake-out above the channel and experience the rejection from the higher resistance zone at $0.11.
So based on the data we have, There'll be opportunities to take Short on...
- On the rejection of $0.11's resistance zone and current rejection from S/R line and channel's high.
- On the proper retest of broken lower S/R zone at $0.85.
🔴 Invalidation should be located as active management above the higher resistance zone.
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades des
OGNUSDT is creating a descending channelThe price is creating a descending channel on the 4 timeframes and now the market is getting the liquidity from the daily demand.
At 0.5 $ the price has a resistance.
How we can approach it?
If the price is going to have a breakout from the descending channel and retest the 4h resistance as new support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
SPX500USD dropping to the 4300? 🦐SPX500USD on the 4h chart is moving in a descending channel and after a test of the upper trendline the price in the late session of yesterday dropped to a previous support area.
The price in fact has been rejected by the confluence zone between the 0.5 fibonacci area and the dynamic resistance and is looking now to break below the lower structure.
How can i approach this scenario?
I will wait for a break of the area and in that case i will check for a nice short order according to the Plancton's strategy rules.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
DOW JONES 📉📉📉Expecting bullish price action on DOW JONES after price takes out weekly lows liquidity + institutional figure 33000$ where a lot of stops loses where, we have a clear bullish momentum confirmation on the H4 and we should go bullish from there.
What do you think ? Comment below..
Bitcoin BTCUSDT - RSI Bullish divergence + Falling wedge!- We have a huge parallel channel on the daily chart.
- Also inside this channel, we have a falling wedge - bullish reversal pattern.
- If you take a look at RSI indicator, you can spot a bullish divergence with higher lows on the oscillator!
- Due to my Elliott Wave count, we have finished an Impulse wave.
- 0,618 FIB retracement is a strong SUPPORT and we are currently sitting on the level!
EGLDUSDT Wants to have a breakout from the Weekly resistanceThe price got a rejection from the weekly resistance on 164$ and not the price is creating another bull flag above the previous descending channel
the price retested the previous dynamic resistance as new support exactly at 0.618 Fibonacci level.
How to approach?
The price needs to have a breakout from the weekly resistance and descending channel. Beware to the left, you can find the supply zone. So if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
APENFT shining star with high protentional 🚀Hello, today I want to analyse this token fundamentally and technically ✔️
based on the chart
the price is close to channel resistance, and we can see an appropriate amount of the volume for the price ✔️
if
this volume continues, and the price breaks the channel resistance to the upside, we can see more gain 🚀
this token fundamentally
has wonderful potential and great future plan for NFT world 🌟⭐
we
expect great pump for the price 🚀
Doge DOGEUSDT - Mega bull flag on the weekly! Breakout soon.- If you change your chart to a LOG scale, you can clearly see a huge bullish flag on the weekly chart!
- It can also be a falling wedge, which is ofcourse generally a bullish pattern too.
- Next target is all time high, here we can expect some pullbacks again.
- Buy a breakout above local weekly high (0.18 USDT).
- As you can see - volume looks good, no bearish pressure at this moment.
Dogecoin in the descending channelIn the weekly time frame,doge coin is in the descending channel.At 10.65 cents,equals the channel mid line,a strong support line has formed.At 21.43 cents,which is equal the top line of the channel,a strong resistance has formed.This resistance line will coincide with the arrival of the Ichimoku Cloud in the coming weeks.