Waves is preparing to get out of negativity Waves is preparing to get out of negativity and starting with high areas
Rectangle
#CADCHF here we go again. Hello dear traders and friends, Let's take a look at CADCHF chart once more time and see the potential buying opportunity in this pair.
Last week, if you recall, the price managed to break above the 4-hour timeframe range area, and we were waiting for a price pullback to initiate a long position. This pullback indeed occurred, and we were able to secure a favorable position at the location marked by the previous green up arrow. You can review that trading idea by following the link below.
Once again, the price has reached the support area, which also serves as a 4-hour low. This means that for the bullish market structure to be maintained, the price should not close below this low. Otherwise, there is a possibility for the price to move towards the lower low.
For a more conservative approach to entering a position, we recommend waiting for a breakout above the short-term bearish trendline . This is a safer method for participating in the market, and if you observe a valid bullish breakout, you can set your stop-loss below the low.
The alternative and more aggressive method for trading this idea is to monitor the price at the current area and watch for rejections from the low. These rejections signify that the significant bearish candle is a false downside breakout intended to trap sellers and trigger buyers' stop-loss orders.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
#CADCHF buying opportunityAs depicted in the chart, the price successfully broke above a range-bound area yesterday. This pattern, known as the "line formation" in Charles Dow's trading strategy, represents the only tradable Daily time frame pattern based on Dow's principles. We are currently waiting for the price to retest the previously broken resistance, with the expectation that it will now act as support.
To maintain our position and adjust our stop loss in line with this bullish trendline, it is essential for the price to remain above our short-term trend.
In order to manage our Risk-to-Reward ratio effectively, we have decided not to initiate a position until the price reaches our designated support level. At that point, we will be on the lookout for bullish price confirmations.
by the way If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
AUDUSD: Top-Down Analysis & Bearish Outlook 🇦🇺🇺🇸
AUDUSD reached a solid daily resistance.
After a test of the underlined blue area, the pair started to consolidate within
a horizontal range on an hourly time frame.
Its support violation is a change of character and signifies a highly probable
local dominance of sellers.
I expect a bearish movement to 0.648
❤️Please, support my work with like, thank you!❤️
CADCHF LONG long opportunity or buys
Look for a retest of price
SUPPORT should form around .65200
Island Reversal Pattern
Textbook Consolidation Rectangle -EGHere we have EUR/GBP on the 4Hr Chart in a beautiful textbook example of a Consolidation Rectangle Pattern! Clearly respecting a Resistance @ .87403 and Support @ .86829!
Accompanying price on my chart is the 200 EMA with price ABOVE it showing it has been BULLISH with the dirty test prior to the pattern.
Along with the Bollinger Bands showing CLEAR signs of sideways trajectory!
Fundamentally for today:
EUR - Spanish Unemployment Change @ 3am and Unemployment Rate @ 5am
GBP - CIPS UK PMI @ 4:30am and MPC Members Pill & Haskei speak @ 7am & 11am
As far as directional bias, I will be neutral on this pair until we are given a proper break with added confluence of other factors pointing to solid momentum!
*Chart patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
GOLD (XAUUSD) Important Update Ahead of NFP 🥇
Multiple time frame analysis for Gold.
Price action, important key levels.
Potential scenarios ahead of NFP.
Trading plan explained.
❤️Please, support this video with like and comment!❤️
Dollar Index (DXY): Bad NFP & Bearish Outlook Explained 💵
It turned out that we got very bad NFP release, yesterday.
Dollar Index immediately reacted, and the market formed a huge bearish candle on a daily.
With one single candle, the Index successful broken a support of a wide horizontal range.
It is a sign of a confirmed bearish reversal.
The index will most likely drop to 104.5 support soon.
❤️Please, support my work with like, thank you!❤️
EURNZD: Important Bearish Breakout 🇪🇺🇳🇿
Take a look at a price action on EURNZD.
First, we saw a strong bearish wave on a daily.
Then, the market became weak and the price started to coil within a narrow horizontal range.
After a consolidation, a support of the range was broken.
It is an important sign of strength of the sellers and signifies
a local change of character.
I believe that the pair may easily drop to 1.782 support now.
❤️Please, support my work with like, thank you!❤️
Rectangle Formation for Gold Shows $2600 Price TargetA clear rectangle formation. The measuring technique (bottom to top of the rectangle) projects $2600 gold in the near future.
ARKUSDTARKUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is being respected by inclining trendline and has also formed bullish rectangle pattern which is also being supported by inclining trendline.
These two to gather putting strong bullish confluence for the pair.
What you guys think of this idea
Doge coin is in the accumulation phase, ready to go upDoge currency is preparing to grow in the coming days and achieve respectable and good goals
MarketBreakdown | EURUSD, BITCOIN, SILVER, EURNZD
Here are the updates & outlook for multiple instruments in my watchlist.
1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸
The market is trading within a wide horizontal range on a daily.
The price nicely respected its support and the yesterday's FED
decision to keep the interest rates will most likely push the prices
higher to the upper boundary of the range.
2️⃣ #Bitcoin daily time frame ₿
BTC set a new higher high higher close on a daily,
violating a local daily horizontal resistance.
Taking into consideration that the market is trading in a bullish trend,
such a violation may trigger a further bullish continuation.
3️⃣ #EURNZD daily time frame 🇪🇺🇳🇿
After a strong bullish wave, EURNZD was consolidating for some time
within a narrow horizontal range on a daily.
The support of the range looks broken.
It will most likely push the prices lower.
4️⃣ Silver (#XAGUSD) daily time frame 🪙
One more range. We see a positive bullish reaction to its horizontal support.
We can anticipate a bullish continuation to the resistance of the range now.
Do you agree with my market breakdown?
❤️Please, support my work with like, thank you!❤️
#DXY Dixie Struggling to make further headwayThe Might US Dollar Index aka the DIXIE, has reversed off the 107 resistance in what could possibly be a double top. Odd's are for a retest to the back of the recent rectangular range at 105.50. Should 105.50 break we could move to the measured target of 104.00. 200 day is at 103.55 and rising daily and we could potentially be headed for a retest should the risk on sentiment we witnessed yesterday stay put
CKB currency is preparing to go up to new areasCKB currency in a grouping stage in order to climb for new areas
GBPCHF Rectangle Break on the DownsideGBPCHF broke out 1.105 on Friday. It has been stuck in a range for almost a year now.
In the current environment, CHF is the best safe haven play.
Technically, 105.50 would be the target but 106.50 seems more prudent.
TOTAL2 is About to Explode!The crypto market is abuzz with a significant phenomenon - the shrinking of the total market capitalization, excluding Bitcoin (BTC). Contrary to what one might expect, this contraction often precedes a major pump in the world of cryptocurrencies, signifying the potential for exciting price movements. 🌌💥
Unpacking the Market Cap Contraction
Market cap contraction is a fascinating occurrence, one that hints at the complex dynamics of the cryptocurrency market. When we talk about the total market capitalization excluding Bitcoin, we're essentially looking at the collective value of all cryptocurrencies other than the big BTC.
The Compression Effect: A Precursor to a Pump
Why does contraction matter? It's because, in crypto, this phenomenon frequently acts as a precursor to a "pump," a substantial increase in prices. When the total market capitalization of altcoins starts to shrink within a defined range, it often indicates that the market is preparing for a major move.
Anticipating the Upward Surge
For crypto traders and enthusiasts, keeping an eye on this contraction is vital. It suggests that exciting price surges could be on the horizon for the world of altcoins. Such periods of compression often lead to increased trading activity, resulting in significant price movements.
Trading Strategy: Positioning for the Pump
As this exciting market cap contraction unfolds, cryptocurrency traders should consider crafting trading strategies to harness the potential pump. The market dynamics may offer numerous opportunities to capitalize on these upcoming price surges.
Conclusion: Crypto's Dynamic Landscape
Understanding the nuances of the crypto market is crucial, and the market cap contraction phenomenon is one of its fascinating aspects. As we navigate this period of compression, let's remain vigilant, prepared, and ready to embrace the opportunities that a potential pump can bring.
🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis
❗See related ideas below❗
Share your thoughts and insights 💚🌐💚
GBPJPY: Imbalance & False Breakout 🇬🇧🇯🇵
Feels like we have a good example of stop hunt and imbalance on GBPJPY.
The market is consolidating within a horizontal range on a daily.
We saw a breakout attempt of its support in the morning
and the market was even trading beyond that for some time.
However, then we see a formation of a bullish engulfing candle - the imbalance.
It makes me think that this bearish move was simply a manipulation.
I expect a growth now to 182.3 level.
❤️Please, support my work with like, thank you!❤️
NZDUSD: The Selloff Will Continue 🇳🇿🇺🇸
NZDUSD is trading in a long term bearish trend.
After a consolidating within a wide horizontal range on a daily,
the price violated its support.
We see a positive bearish reaction to that after its retest.
I believe that the pair will go lower.
Next support: 0.576
❤️Please, support my work with like, thank you!❤️
DOLLAR INDEX (DXY): Consolidation & Bearish Bias Explained 💵
Dollar Index is trading within a horizontal trading range on a daily.
The price tested the resistance of the range yesterday
and formed a doji candle on that.
As an extra bearish confirmation, I spotted a double top formation
on an hourly time frame.
I think that the Index will most likely retrace from the underlined
red resistance.
Targets: 106.35 / 106.17
❤️Please, support my work with like, thank you!❤️
NZDUSD: Waiting For Confirmation 🇳🇿🇺🇸
I have perfectly predicted an intraday bearish movement after a breakout yesterday.
Analyzing a 4H time frame, we can spot an intraday consolidation now and a formation of a horizontal range.
The next bearish wave will be confirmed after a breakout of the support of the range.
4H candle close below 0.5808 will confirm a violation.
A bearish continuation will be expected to 0.8775 level then.
❤️Please, support my work with like, thank you!❤️
#MTN Risks aplenty but reversing off bottom of its channel #JSEThe chart doesn't need much explaining. The stock is trying to reverse off the bottom of the 1-year channel while forming some divergence on the RSI. A move above todays high should hopefully see this gain some momentum, with a short term move to R119 possible. Larger target would be for this to trade back to the top of its channel over the last year at R144. Note: Risks plenty here with all the happenings in the middle east so it is a higher risk trade and i would advise to use a tightish stop loss on this trade.
CRUDE OIL (WTI): Your Trading Plan For Today 🛢️
WTI Crude Oil is trading within a wide horizontal range on a 4h time frame.
The price is currently testing a support of the range.
To buy the market with a confirmation,
watch a tiny double bottom formation.
If the price breaks and closes above its neckline - 86.26,
a bullish movement will be expected to 86.78 / 87.61
❤️Please, support my work with like, thank you!❤️
