XLMUSDT Weekly S/R| Range High| Pitchfork Median| VPVREvening Traders,
Today’s Analysis – XLMUSDT- trading above weekly S/R, diverting to pitchfork median where a move it probable.
Points to consider,
- Price Action Acceptance
- Weekly S/R Support (Pitchfork, EMA Confluence)
- Range mid target
- Oscillators neutral
- Declining Volume
XLMUSDT’s immediate price action is getting acceptance back into weekly range; this allows us to have a bullish bias.
The Weekly S/R is immediate support that is in confluence with the pitchfork median and 50 EMA. Price is likely to respect this level with a bounce into range mid – target.
Both oscillators are evidently neutral, must remain in their bullish territory to maintain strength. Their current volume profile is declining; an influx is highly probable when testing key trade locations.
Overall, in my opinion, XLMUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
“If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.” – Mark Douglas
Stochastic Oscillator
GBPJPY Daily S/R|Supply Zone|Local S/R|PA|Bearish RetestEvening Traders,
Today’s analysis – GBPJPY- impulse price action, trading with a bounce from support zone leading into a probable retest of Local S/R,
Points to consider,
- Bearish Price Action
- Supply Zone Support
- Local S/R Resistance
- Oscillators Over-extended
- Volume Declining
GBPJPY’s immediate price action is considered bearish, any rallies are now are preluding to bearish retests, this allows us for a bearish bias.
The current supply zone is holding true with price action having an evident bounce. Projected Local S/R is resistance that is likely to respected. This will validate a bearish retest in confluence with the .382 Fibonacci and EMA’s.
Both oscillators are travelling in respected bearish control zones, this is indicative of weakness in the immediate short term. Volume is also declining, this is considered bearish as price subsequently rises.
Overall, in my opinion, GBPJPY is a valid short with defined risk, price action is to be used upon discretion/ management of trade.
Hope this analysis helps,
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And remember,
“If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
ETHUSDT Weekly S/R| Trend Pivot| Price Action| VPVR| Daily S/R Evening Traders,
Today’s second analysis – ETHUSDT- consolidating under key resistance where a breakout is probable upon increasing volume,
Points to consider,
- Price Action Impulsive
- Weekly S/R Resistance
- Daily S/R Objective
- Oscillators Extending
- Volume Increasing
- VPVR Low Transactions
ETHUSDT’s immediate price action is impulsive, breaking key Local S/R. Price action is currently trading below Weekly S/R, breaking this level will allow us to maintain out bullish bias on the market.
The Daily S/R is current objective; price action is likely to reach this level due to low volume of transaction – reflected by the VPVR.
A rejection from the weekly S/R will increase the probability of back testing Local S/R; this will confirm an S/R Flip Retest. It’s also important to note that this area is also in confluence with the POC.
Both oscillators are over-extended; a reversion to their mean is probable which will coincide with a pull-back in price action.
The volume profile is increasing; this needs to sustain for further follow through in price action.
Overall, in my opinion, ETHUSDT is a valid long above Weekly S/R; price action is to be used upon discretion/ management of trade.
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And remember,
The goal of a successful trader is to make the best trades. Money is secondary. – Alexander
LTCUSDT Daily S/R|Swing High|Volume Climax|EMA Ribbon|PAEvening Traders,
Today’s analysis – LTCUSDT- breaking above key Daily S/R, a back test of the level will allow for a long position.
Points to consider,
- Price Action Impulse
- Daily S/R Support (.50 Fibonacci Confluence)
- Upper Daily S/R Resistance
- Oscillators Extended
- Volume Climax
LTCUSDT’s immediate price action is impulsive; breaking key levels, confirming an S/R Flip Retest of Daily S/R will allow us to have a bullish bias.
The Daily S/R support is in confluence with the .50 Fibonacci and EMA Ribbon bull cross. This area holding true allows for risk defined entries.
Daily S/R resistance is immediate target, LTCUSDT breaking this level will prove to be extremely bullish.
Both oscillators are overextended; a reversion to their means is probable. There is also a valid volume climax node signalling a temporary top. Follow through here is important for sustaining a bullish bias.
Overall, in my opinion, LTCUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
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And remember!
“Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
EURJPY Daily S/R|.382 Fibonacci|Bear Impulse|Oversold conditionsEvening Traders,
Today’s second analysis – EURJPY- impulse sell into Daily S/R where a bounce is probable allowing for a short on low volume.
Points to consider,
- Price Action Impulse
- Daily S/R Support
- .382 Fibonacci Resistance
- Oscillators Oversold
- Bear Impulses
EURJPY’s immediate price action is looking bearish; a bounce on low volume will allow us to maintain a bearish bias.
The Daily S/R is considered immediate support; here a bounce initially is probable – currently being the case.
The .382 Fibonacci is likely to get tagged before further downside momentum. Exceeding above this level will negate our bearish bias.
Both oscillators are trading at oversold conditions, this greatly increases the probability of an oversold bounce play.
Current volume profile is impulsive; bull volume is required for follow through. Failure will increase the probability of a breakdown.
Overall, in my opinion, EURJPY is a valid short with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
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And remember,
“There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.”
― Yvan Byeajee,
NZDCHF Daily S/R|Impulse Sell|Support Zone|Oversold Bounce| PAEvening Traders,
Today’s Second Analysis – NZDCHF- breaking below Daily S/R with an impulse, an oversold bounce is probable.
Points to consider,
- Price Action Bearish
- Supply Zone Target
- Daily S/R Resistance
- Oscillators Extended
- Declining Volume
NZDCHF’s immediate price action is bearish breaking key daily level; this allows us to have a bearish bias on the market.
The initial target is the supply zone; a bounce here is probable as the base of the bullish engulfing resides in confluence.
The Daily S/R is crucial resistance; a back test will confirm a bearish retest of the level.
Both oscillators are approaching oversold conditions; this increases the probability of an oversold bounce. A volume influx will coincide with this as current volume is low.
Overall, in my opinion, NZDCHF is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
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And remember,
“Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.”
― Yvan Byeajee
NEOUSDT Dynamic S/R| Apex| Structural S/R| 200 MA| PAEvening Traders,
Today’s Analysis – NEOUSDT – respecting Dynamic S/R, a break will be imminent as price is approaching its apex.
Points to consider,
- Price Action Higher Lows
- Dynamic S/R Support
- Structural S/R Resistance
- Oscillators Neutral
- Low Volume
NEOUSDT’s immediate price action is trading with a higher low projection, until this is broken; it allows us to have a bullish bias.
Dynamic S/R is current support, breaking this level will make the immediate target Local S/R, negating any bullish bias.
The Structural S/R is technical resistance that needs to be breached for trend continuation. Flipping this level as support will be considered bullish.
Both oscillators are currently neutral with volume being low. An influx is highly probable when testing key trade locations such as the Local S/R.
Overall, in my opinion, a trade is ONLY valid when breaking from the apex in either direction, price action is to be used upon discretion/ management of trade.
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And remember,
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
EURNZD Local S/R| Swing Low| Daily S/R| .618 Fibonacci| PA Evening Traders,
Today’s second analysis- EURNZD- trading under Daily S/R where a back test is considered a bearish retest.
Points to consider,
- Price Action Bearish
- Daily S/R Resistance (.618 Fibonacci Confluence)
- Local S/R Support (Respected)
- Oscillators Neutral
- Volume Below average
EURNZD’s immediate price action is trading below Daily S/R, this allows us to have a bearish bias on the market.
The Daily S/R is also in confluence with the .618 Fibonacci, this enhances the probability of a price rejection occurring.
Current Local S/R is considered support that has been respected; breaking this level will be extremely bearish with lower targets.
Both oscillators are neutral with volume evidently declining; an influx is highly probable when testing key trade locations such as the Daily S/R.
Overall, in my opinion, EURNZD is a valid short with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
THETAUSDT Local S/R| 200 MA| Bearish Retest| Price ActionEvening Traders,
Today’s second analysis – TEHTAUSDT price action breaking trend therefore any rallies are now considered bearish retests.
Points to consider,
- Price Action Lower Low
- Local S/R Resistance (Bearish Retest)
- 200 MA Resistance
- Oscillators Extended
- Declining Volume
THETAUSDT’s immediate price action is bearish under Local S/R; this allows us to have a bearish bias on the market.
The Local S/R has been flipped resistance; any back tests will confirm an S/R Flip Retest. 200 MA has also been flipped bearish, further adding to the probability of market resistance.
Current oscillators are at oversold conditions, price action is likely to have an oversold bounce into Local S/R before trend continuation.
The volume is also below average, an influx s highly probable when testing key trade locations such as the Local S/R.
Overall, in my opinion, THETAUSDT is a valid short with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
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And remember,
“Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.” ― yvan Byeajee
GBPJPY Local S/R| .618 Fibonacci| Swing High| Low volume|PA Evening Traders,
Today’s analysis – GBPJPY- trading under Local S/R with bearish price action, further downside probable,
Points to consider,
- Price action impulse
- Local S/R Resistance
- .618 Fibonacci & 200 EMA confluence
- Low volume
GBPJPY’s immediate price action is trading under Local S/R, therefore any rallies are considered bearish retests.
Local S/R Resistance is in confluence with the .618 Fibonacci and 200 EMA, adding probability to a bearish retest.
Lower Local S/R is projected target, price breaking below will increase the probability of establishing a lower low.
The volume climax is currently below average, an influx is highly probable when testing key trade locations.
Overall, in my opinion, GBPJPY is a valid short with defined risk, price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
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And remember,
“Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
NZDCHF Descending Channel| Local S/R| .618 Fibonacci| Swing Low Evening Traders,
Today’s second analysis – NZDCHF – trading in a descending channel where a break bullish is probable,
Points to consider,
- Price Action Range
- Local S/R Support
- Daily S/R objective
- Oscillators neutral
- Volume below average
NZDCHF’s immediate price action is range bound trading, breaking bullish from channel will allow for long positions.
Local S/R is current support in confluence with the .618 Fibonacci, price action holding this level is crucial for our bullish bias.
The Daily S/R is immediate target; price action exceeding this level will lead to a trend continuation.
Both oscillators are currently neutral, momentum shifts in either direction is probable based on the current midpoint.
Volume is clearly below average, an influx is highly probable at the next trade location.
Overall, in my opinion, NZDCHF is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
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And remember,
A streak of winning trades can boost your ego and self-confidence to such an extent that you start believing that you’re invincible. If that is the case, try to take a break from trading to calm your emotions down.
AUDUSD Structural S/R| Dynamic Support| Swing High| Price ActionEvening Traders,
Today’s Analysis – AUDUSD – trading above key structural S/R, holding this level will allow for further upside momentum.
Points to consider,
- Bullish Price Action
- Structural S/R Support
- Swing High Target
- Oscillators Divergence
- Low Volume
AUDUSD’s immediate price action is being accepted above a key level, price acceptance allow us to have a bullish bias on the market.
Breaking the structural S/R bearish will negate our bullish bias in the immediate short term.
The Swing high is immediate target, exceeding this level will increase the probability of a trade continuation.
Both oscillators are currently neutral; breaking back into bullish control territory will increase the probability of strength in the market.
Volume is currently below average, an influx is highly probable when testing the dynamic support as this is the next trade location
Overall, in my opinion, AUDUSD is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
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And remember,
“Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
GBPUSD Long |Range Low| .382 Fibonacci| 200 MA| Price Action Evening Traders,
Today’s analysis – GBPUSD- breaking back into range, currently testing range mid, a pull back into range low is probable.
Points to consider,
- Price Action Impulse
- Range Low Support (Technical Confluence)
- Range High Target
- Oscillators Neutral
- Low Volume
GBPUSD’s immediate price action is impulsive, follow through will allow us to have a bullish bias on the market.
Range Low is in confluence with the .382 Fibonacci and 200 MA, price action is likely to be respect this region upon first test.
The Range High is immediate target, price action breaking this level will very bullish in the immediate short term.
Both Oscillators are currently neutral, trading in the bullish territory zone, remaining at this zone shows strength.
Volume profile is currently below average, an influx is highly probable with the test of range low as this is the next trade location.
Overall, in my opinion, GBPUSD is a valid long with defined risk, price action is to be used upon discretion/ management of trade.
Hope this analysis helps,
Thank you for following my work!
And remember,
“Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
BTCUSD Trend Analysis| Bullish Price Action| Local RangeEvening Traders,
Today’s second analysis – BTCUSD- price action is making consecutive higher lows and higher highs. This allows us to have a macro bullish bias towards the market.
Points to consider,
- Key Dynamic Support
- Price Action Range
- Declining Volume
The key invalidation for the uptrend will be on a break of dynamic support. BTC has been respecting it as support ever since the covid candle.
Immediate price action is likely to range trade towards the rest of the year. The range is from the $10,000 level to the $12,000.
The volume profile is still declining, an influx is likely to coincide with a break that is likely to happen years end.
Overall, in my opinion, from a trend analysis perspective, BTCUSD is in a bull market, pull backs are considered buy opportunities.
Hope this analysis helps
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“In trading, everything works sometimes and nothing works always.”
AIONUSDT Dynamic Resistance| Local S/R| Bullish Divergence|200MAEvening Traders,
Today’s analysis – AIONUSDT- price action breaking key resistance with candle closes, an influx is highly probable as this is as pivot.
Points to consider,
- Bullish Price Action
- Local S/R Resistance
- 200 MA Support
- Oscillators Divergence
- Volume Below Average
AIONUSDT’s immediate price action is bullish by breaking above the dynamic resistance in confluence with the 200 MA. This shows strength which allows us to have a bullish bias on the market.
The Local S/R is recent resistance, candle closes within this area is indicative of immediate strength. Here a long trade will be negated with a bearish close below the 200 MA.
The RSI has a valid bullish divergence, this is a sign of strength in the immediate term thus a reversal probable.
Current volume profile is below average, an influx will be highly probable with the next price expansion.
Overall, in my opinion, AIONUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
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And remember,
“a greater probability of one thing happening over another. In a sense, technical analysis allows you”
― Mark Douglas
AUDUSD Swing High| EMA Bear Cross| .618 Fibonacci| Bearish PA Evening Traders,
Today’s second analysis – AUDUSD- price finding support at the 200 MA after breaking bearish from Local S/R level, any rallies are now considered bearish retests.
Points to consider,
- Price Action Bearish
- Local S/R Resistance (.618 Fib & EMA Ribbon Confluence)
- 200 MA Support
- Oscillators Bearish Control
AUDUSD’s immediate price action is bearish with impulse breaks; this allows us to have a bullish bias on the market.
The current Local S/R is resistance that is in confluence with the .618 Fibonacci and EMA Bear Cross. This gives validity of a valid bearish retest zone.
The 200 MA is critical support, breaking below will greatly increase the probability of further downside.
Both oscillators are currently in bearish control zones, remaining here is indicative of further weakness in the market.
Overall, in my opinion, AUDUSD is a valid short with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps,
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And remember,
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
THETAUSDT Broadening Wedge| 200 MA| Range High| Price ActionEvening Traders,
Today’s analysis – THETAUSDT – price action trading at range mid in a broadening wedge pattern, a retest of range high is probable.
Points to consider,
- Bullish Price Action
- Dynamic S/R Flip
- 200 MA Support
- Oscillators Neutral
- Volume Below Average
THETAUSDT’s immediate price action is holding a higher low projection. Breaking bullish of the descending broadening pattern in confluence allows us to have a bullish bias on the market.
The Dynamic S/R has been flipped with a confirmed S/R flip retest. The intra-day target sits at range high where resistance will be expected.
The 200 MA is valid support; price breaking below will increase the probability of testing range low.
Both oscillators are currently neutral in the bullish control zone respectively. Maintain these levels are indicative of strength in the immediate short term.
Volume is currently trading below average; an influx is highly probable when price expansion occurs.
Overall, in my opinion, THETAUSDT- is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
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“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
GBPAUD Dynamic Support| Apex| Price Action| 200MA| Range High Evening Traders,
Today’s Second Analysis – GBPAUD- trading in a clear apex where a breakout will be imminent.
Points to consider,
- Price Action Apex
- Dynamic Support (200 MA Confluence)
- Range High Target
- Oscillators Neutral
- Volume Declining
GBPAUD’s immediate price action is at a pivot point, a break in either direction will dictate the overall trend.
The dynamic support in confluence with the 200 MA has been respected. Price holding above it is crucial in maintaining a higher low projection.
GBPAUD’s bullish break will make the immediate target Range High
Both oscillators are currently trading neutral, indicative of a break as this highlights price being in equilibrium.
The volume is currently below average, an influx is highly probable when a break comes to fruition. This will help avoid false breaks as price movement will be backed with volatility.
Overall, in my opinion, GBPAUD has a higher probability of breaking bullish, thus long trades are valid with defined risk. Price action is to be used upon discretion/ management of trade.
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“He who knows when he can fight and when he cannot will be victorious.” – Sun Tzu
NZDUSD Daily S/R| .618 Fib| Swing Low| 200 MA| Price ActionEvening Traders,
Today’s Second analysis – NZDUSD – breaking above Local S/R, an S/R Flip Retest will solidify an impulse into Daily S/R.
Points to consider,
- Price Action Impulse
- Local S/R Support (200 MA Confluence)
- Daily S/R Resistance (.618 Fib Confluence)
- RSI above 50
- Stochastics Sell Cross
NZDUSD’s immediate price action is has been impulsive from swing low, confirming local S/R with a close above the 200 MA will signify strength.
The Daily S/R in confluence with the .618 Fibonacci is immediate resistance. A respect of this level is likely upon first test as price is getting over extended.
RSI is at resistance whilst the stochastics has a valid sell cross coming to fruition. This is indicative of momentum shifting in the immediate short term.
Overall, in my opinion, NZDUSD is a valid short at Daily S/R; price action is to be used upon discretion/ management of trade.
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And remember!
“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
― Yvan Byeajee
BNBUSDT Breakout|Price Action|Local S/R|200 MA|Declining VolumeEvening Traders,
Today’s analysis – BNBUSDT- closing into its apex where a breakout will be imminent allowing for a trade in either direction,
Points to consider,
- Price Action higher lows
- Internal Trend Line
- Local S/R Resistance (.618 Fibonacci)
- Oscillators neutral (50 mid-point)
- Declining Volume
BNBUSDT’s immediate price action is constructing higher lows with a strong Local S/R poising resistance. This creates an Apex where a breakout will dictate the overall trend.
The internal trend line is immediate support; price breaking this will coincide with bearish price action. It’s important to note that the 200 MA is in confluence here, a break needs to be impulsive and with volume.
The Local S/R is current resistance, this level is in confluence with the .618 Fibonacci, price action has been respecting this level thus breaking through will be extremely bullish.
Both oscillators are currently resting range mid, thus neutral, movement will coincide with a volume influx, the current volume profile is declining which is indicative of a breakout.
Overall, in my opinion, BNBUSDT is a valid trade after a confirmed break from its apex, price action is to be used upon discretion/ management of trade.
Hope this analysis helps
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“If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
EURAUD Daily S/R| 200 MA| Swing High| Declining Volume Evening Traders,
Today’s Second Analysis – EURUAD- impulse sell into a high timeframe structure, finding support here is probable.
Points to consider,
- Impulse Price Action
- Daily S/R Support
- .382 Fibonacci Resistance
- Oscillators Extended
- Declining Volume
EURAUD’s immediate price action is impulsive, oversold conditions are likely to lead to an oversold bounce.
The Daily S/R is a key area in confluence with the 200 MA and the .618 Fibonacci, a respect upon first attempt here is highly probable.
The .382 Fibonacci is likely to be back tested as this level coincides with the Local S/R and 21 MA.
Both oscillators are getting overextended, this is indicative of an oversold bounce being probable. A volume influx is likely to coincide as the current volume profile is declining.
Overall, in my opinion, EURAUD is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
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And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee
THETA Ascending Triangle|Price Action |S/R Flip Retest|200 MAEvening Traders,
Today’s analysis – THETAUSDT – breaking above Structural S/R with further upside potential, Local S/R , immediate target.
Points to consider,
- Ascending Triangle
- Dynamic Support
- Structural S/R Support
- RSI uptrend
- Declining Volume
THETAUSDT’s immediate price action is bullish resembling the psychology of an ascending triangle. This allows us to have a bullish bias on the market.
The Dynamic Support has held a higher lower projection, breaking structural S/R and flipping it as support currently, S/R Flip Retest.
The RSI has a valid uptrend, this in indicative of strength in the market as overbought conditions are not yet met.
Current volume profile is declining, an influx is likely when price expansion occurs from current trade location, and this will help avoid false breaks.
Overall, in my opinion, THETAUSDT needs price acceptance above Structural S/R before a long is valid with defined risk; price action is to be used upon discretion/ management upon trade.
Hope this analysis helps
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“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
ADABTC Daily S/R| Bull Flag| Stoch Equilibrium| 200 EMA Evening Traders,
Second analysis – ADABTC –breaking above Structural S/R, price acceptance at this level will be bullish.
Points to consider,
- Bullish Price Action
- Daily S/R Support
- 200 EMA Resistance
- Stochastics Equilibrium
- Declining Volume
ADABTC’s current price action is bullish, trading in a probable bull flag, This allows us to have a bullish bias on the market.
The Daily S/R is immediate support that is in confluence with the .618 Fibonacci. Price holding and respecting this level is a bullish bias.
Resistance is poised by the 200 EMA, breaking this will coincide with price hitting technical and validating the bull flag.
The stochastics is in a valid equilibrium, a break in either direction will coincide with price movement.
The volume profile is declining, this is indicative of an influx when testing key levels such as the Flag and Daily S/R resistance.
Overall, in my opinion, ADABTC is a valid long with defined risk, price action is to be used upon discretion/ management of trade
Hope this analysis helps
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And r Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
emember,