Get started

Stochastic Oscillator

NWCUSDT Apex|Equilibrium|Demand Zone|Local Range|Volume ProfileEvening Traders, NWCUSDT update, trading in a equilibrium closing in on its apex, a break will be imminent. Points to consider, - Trend higher lows (Dynamic Support) - Valid demand zone (wick candle closes) - Price Apex (Support and Resistance converging) - Local Range - Volume profile increase NWCUSDT’s immediate price action is trading in equilibrium, price is close to its apex thus a break will be highly probable. The trend is making and holding its higher lows on dynamic support. A break down into demand zone is a valid trade location. The volume profile has increased significantly, this is indicative of more trading activity and a probable floor being established due to recent huge price expansion. On a fundamental scale – NWCUSDT has had a big announcement – NWCUSDT WALLET to be launched on the 25/09/2020. This will allow all users to successfully receive, send and store their new NWCUSDT token. User also has the capabilities of checking their balance and transactions. This is currently only available on the Android, future iOS version and staking will come to fruition. Overall, in my opinion, price is imminent to breakout of its apex; there are clear technical levels that are likely to get tested. Fundamentally, NWCUSDT has taken another leap to attract investors and most importantly traders of the crypto community. Price has a high probability of gaining momentum when taking out range high. One to keep an eye one! Thank you for following my work!
Long
by AzizKhanZamani
2
SRMBTC Bullish Scenario| Falling Wedge| Structural S/R| Apex| PAEvening Traders. Second analysis – SRMBTC –trading in a probable falling wedge that needs to break resistance for confirmation, Points to consider, - Trend approaching apex - Structural S/R (support) - Possible bullish divergence forming - Stochastics buy cross SRMBTC’s trend is approaching its apex where a break will be imminent; breaking bullish will confirm the falling wedge pattern. The immediate target for SRMBTC will be swing high Structural S/R is current support that is likely to get tested, establishing a new local lower low will increase the probability of an RSI bullish divergence. The stochastic is currently showing a buy cross; momentum needs to shift above 30 for confirmation. Overall, in my opinion, SRMBTC is a valid long trade upon confirmation of the falling wedge pattern. Price action is to be used upon discretion/ management of the trade. Hope this analysis helps! Thank you for following my work! And remember, “Trade the market in front of you, not the one you want!” – Scott Redler
SLong
by AzizKhanZamani
BTCUSD Dynamic Resistance|Range High|.618 Fib|Declining VolumeEvening Traders, Today’s analysis – BTCUSD – price establishing a local range, currently putting in a probable bearish retest of dynamic resistance, Points to consider, - Range Deviation - Range low (support) - Range high (resistance) - Declining volume A range high deviation shows weakness in the immediate term, this allows us to have a bearish bias on the smaller time frames. The current demand zone is range low; price has been defended here as indicated by candle closes. The Dynamic support has now turned into resistance, in confluence with the .618 Fibonacci. A bearish retest confirmation here is very likely as this is a technical trade location. The current volume profile is clearly declining, this is typically a bearish sign usually followed by an influx that confirms a break. Overall, in my opinion, BTCUSD is a valid short with defined risk; this is a short term idea so price action is to be used up discretion. Hope this analysis helps! Thank you for following my work! And remember, “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
BITSTAMP:BTCUSDShort
by AzizKhanZamani
3
NZDJPY Daily S/R| Dynamic Support|Liquidity|200MA|Price ActionEvening traders, Second analysis – NZDJPY – rejection from Daily S/R currently trading in a small equilibrium with the dynamic support being the immediate target, Points to consider, - Macro Trend Bearish - Daily S/R Resistance - Dynamic Support Confluence (200 MA) - Oscillators Divergence - Volume Declining The macro trend is bearish with consecutive lower highs, price is currently establishing a probable bearish retest. This allows us to have a bearish bias on the market. The Dynamic support is the immediate target as this area has technical confluence with the 200 MA & EMA. Price is likely to test for liquidity in this region before a probable impulse up. Both oscillators are diverging, technical bearish divergence; this shows weakness in the market as price fails to break daily S/R. Overall, in my opinion, NZDJPY is a valid short with defined risk. Price action is to be used upon management/ discretion. Hope this analysis helps! Thank you for following my work! And remember, “The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” ― Yvan Byeajee
Short
by AzizKhanZamani
2
USDJPY Double Bottom|Bullish Divergence|Range High|Price ActionEvening Traders, Today’s analysis – USDJPY- establishing a probable double bottom with range high target. Points to consider, - Trend double bottom structure - Range low support (Double Bottom) - Range high (Resistance) - Oscillators Divergence - Oversold Conditions USDJPY’s immediate price action is bullish establishing a double bottom formation, a typical reversal structure. This allows us to have a bullish bias on the market. Range his is the immediate target, a respect of this level will establish a bearish retest. Both oscillators are showing bullish divergences at current oversold conditions, price is likely to lead an oversold bounce. Overall in my opinion, USDJPY is a valid long with defined risk; price action is to be used upon management/ discretion. Hope this analysis helps Thank you for following my work! And remember, “Hope is bogus emotion that only costs you money.” – Jim Cramer
Long
by AzizKhanZamani
ONTUSDT Local Double Top| 200 MA| Bearish Retest| Daily S/R Evening traders, Second analysis – ONTUSDT- a bearish retest likely to form with the immediate target Daily S/R, Points to consider, - Trend ranging - Daily S/R (support) - 200 MA Resistance (bearish retest) - Resistance confluence - Oscillators divergence - Low volume ONTUSDT’s intimidate trend is ranging between two key levels. Breaking either will be indicative of the trend direction. The Daily S/R is the immediate support (bottom of the range), price is likely to respect this area as it is the base of the bullish engulfing. Dynamic support has been breached, now acting as resistance with the 200 MA and bearish price action being in confluence, price is likely to establish a bearish retest here. Both oscillators are below 50, this indicates weakness thus further downside probable before oversold conditions. The current volume is below average, an influx is likely when key trade locations are tested. Overall, in my opinion, ONTUSDT is a valid short targeting Daily S/R. Price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work! And remember, “Environmental distractions and boredom cause a lack of focus – All of us have limits to our attention span and these are easily taxed during quiet times in the market.” Brett Steenbarger
Short
by AzizKhanZamani
4
ALGOUSDT Trend Analysis| Daily S/R| Pivot| Bearish PAEvening Traders, Today’s analysis – ALGOUSDT –price action is at a key pivot, currently holding the Daily S/R Points to consider, - Trend impulse sell - Daily S/R Support - 21 MA Resistance - Oscillators below 50 - Bearish PA ALGOUSDT has had an impulse sell into key Daily S/R which has multiple technical confluences, proving it to be a true trade location. The 21 MA has flipped resistance, reclaim of this level will keep a bullish market structure, a rejection will establish a bearish retest. Both oscillators are below 50, this indicates weakness in the market as oversold conditions approach. The current price action reflects the psychology of an head and shoulders, confirmation will be on a break of its neck line. Overall, in my opinion, ALGOUSDT is at a trend pivot, further price development will be indicative of the direction of the next impulse. Hope this analysis helps! Thank you for following my work! And remember, The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
by AzizKhanZamani
4
EURNZD Daily S/R Bullish Divergence|.50 Fibonacci|Price ActionEvening Traders, Second analysis – EURNZD- holding Daily S/R with bullish price action, local S/R retest probable, Point to consider, - Impulse sell - Daily S/R (support) - Oscillators diverging (Resistance) - Volume influx EURNZD has had an impulse sell into key Daily S/R that is currently holding support. Being a HTF support, a bounce here is probable. Local S/R is the immediate resistance that has confluence with .50 Fibonacci. Price respecting this area will be a bearish retest. Both oscillators are diverging, which initiates a valid double bullish divergence. This indicates strength in the market as momentum shifts. A volume influx is probable at this HTF support, this will be indicative of price expansion deviating from Daily S/R. Overall, in my opinion, EURNZD 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, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee,
Long
by AzizKhanZamani
2
CADJPY Daily S/R| 200DMA| Bearish PA| Local S/REvening Traders, Today’s analysis – CADJPY – confirming a bearish divergence and breaking Daily S/R, lower targets probable, Points to consider, - Swing high failure - Daily S/R (resistance) - Local S/R (support) - Oscillators divergence - Bearish Price Action CADJPY’s recent high was not exceeded, establishing a valid failure swing. This allows us to have a bearish bias on the market. The Daily S/R is the immediate resistance; price respecting this level will confirm a bearish retest. The 200 DMA is currently supressing price; a break will likely be impulsive into Daily S/R and 21 DMA which is in confluence. Local support is the next HTF trade location, testing and holding this area will be critical for the overall trend. Both oscillators are below 50, this is indicative of weakness in the market thus any rallies are likely to be sold into. Overall, in my opinion, the current price action is bearish, this allows for a valid short with defined risk. Price action is to be used upon management/ discretion of trade. Hope this analysis helps! Thank you for following my work! And remember, “Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
Short
by AzizKhanZamani
4
DXY Update|Descending Broadening Wedge|Swing High|Daily S/R| PAEvening Traders, Second update – DXY – likely to rise if the immediate swing high gets taken out. Points to consider, - Descending broadening wedge (break) - 21 DMA local support - Daily S/R confluence (.618 Fibonacci) - Swing high immediate target The DXY has broken out of its clear descending broadening wedge. Price action has confirmed support on the 21 DMA, this allows us to have a bullish bias on the market. The Daily S/R region is likely to be tested if the immediate swing high gets taken out. Price Action is currently bullish so it’s important to take it into consideration when trading other markets. Hope this analysis helps! Thank you for following my work! And remember, “Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.”
TVC:DXYLong
by AzizKhanZamani
GBPNZD Ascending Channel Monthly S/R .50 Fibonacci|200WMA Evening Traders, Today’s analysis – GBPNZD – market structure holding bullish with consecutive higher low and higher high projection, Points to consider, - Ascending channel (HH’s & HL’s) - Support confluence o Market Structure o 200 WMA o .50 Fibonacci o Channel Support - Resistance ( Channel Median) - Oscillators Divergence - Bullish Price Action GBPNZD is trading in an ascending triangle channel establishing structural higher lows and higher high. This allows us to have a bullish bias on the market. There are many technical confluences coming in as support for the price, thus proving to be a true trade location. The market structure is looking for a higher low projection, with channel support, the 200WMA and .50 Fibonacci, a bounce here is probable The immediate resistance is in confluence with range median, price is likely to test that level and consolidate. The RSI has a valid bullish divergence, this in indicative of strength in the market. With bullish price action and market structure, GBPNZD is likely to establish a higher low here. Long trades are valid with defined risk, price action is to be used upon discretion/ management if trade. Hope this analysis helps! Thank you for following my work! And remember, “Don't blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin
Long
by AzizKhanZamani
NWCUSDT Daily S/R| Bullish Divergence| POC Liquidity|Swing HighEvening Traders, Today’s analysis – NWCUSDT – testing daily S/R with a valid liquidity run, swing high is the immediate target. Points to consider, - Bullish trend (consecutive higher lows) - Swing high ( trend pivot) - Daily S/R (immediate support) - Oscillators divergence - 200 MA support - POC liquidity run The immediate trend for NWCUSDT is considered bullish with consecutive higher lows. This allows us to have a bullish bias on the market. Daily S/R is the immediate support, holding this level will be critical for a higher lower projection in the market structure. The POC (Point of Control) represents a liquidity run (in the form of a wick), this is an indication of demand as price action closes back above the Daily S/R. There is a valid bullish divergence as the RSI puts in a lower low compared to a higher low on price action. Stochastics also present a buy cross as momentum keeps shifting up. Furthermore Price Action at Daily S/R has confluence with the 200 MA, due to the context of Price Action, a move bullish is plausible with a swing high being the immediate target. NWCUSDT on a fundamental scale also has a valid bullish case. Being recently audited by Vera Chain, they have accomplished a high rating of ‘A’. Areas of audit included but not limited to the following, Deep Block chain Audit, Tokenomics, Reserve Funds, Road map and so on. The full report can be found through Vera Chain. NWCUSDT has a goal of becoming the ‘Bloomberg’ of the Crypto space, definitely a use case and a niche in the market that is yet to be filled. This project greatly helps new traders that are coming into the space. The team is very dedicated and genuinely out there to make a difference in the Crypto space – again all reflected in their recent audit. Overall, in my opinion, for a TA and FA perspective, NWCUSDT is a valid long with defined risk. Price action is to be used upon management/ discretion of trade. Thank you for following my work! And remember! “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Long
by AzizKhanZamani
8
GBPAUD Weekly S/R| Oversold Bounce| Oscillators Extended| PARepost** Evening Traders, Second Analysis – GBPAUD – Strong impulse sells likely to lead to an oversold bounce play, following technical points to consider, - Trend aggressive sells - Weekly S/R HTF Support - .618 Fibonacci (lower high) - RSI oversold - Stochastics flat - No volume climax GBPAUD is respecting its weekly S/R in the immediate term. This is a high time frame support that the market has respected historically, thus a bounce here is probable. The .618 Fibonacci is a probable lower high projection as the immediate trend is bearish . The RSI and Stochastics are both approaching oversold conditions, this is indicative of an oversold bounce coming to fruition. On the volume profile there is however no volume climax node signalling a temporary bottom. Cautious approach is to be taken when trading the oversold bounce. Hope this analysis helps! Thank you for following my work! And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Long
by AzizKhanZamani
4
EURUSD Range High| Bearish Retest| .618 Fibonacci| 200WMA Evening Traders, Second analysis for today – EURUSD – how Price Action is approaching range high is considered bearish with a rejection being probable. Points to consider, - Range high resistance - Bearish Price Action - .618 Fibonacci confluence ( Range low) - 200 WMA support - Oscillators overextending EURUSD is approaching its range high, a technical resistance level where a price reaction is highly probable. Price is approaching in a bearish manner with multiple weekly indecision closes. This is indicative of a volatile move. The .618 Fibonacci is a likely target, this area is in confluence with range low. Furthermore the 200 WMA is sloping up slightly, a back test will be healthy for the trend. Both oscillators are approaching over extended regions, this is indicative of a reversion to their means as price retraces. Overall, in my opinion, EURUSD is a valid short with defined risk above swing high. Price Action is to be used upon management/ discretion of trade. Hope this analysis helps! Thank you for following my work! And remember, Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets. - Michael Carr
Short
by AzizKhanZamani
4
SPY| Bearish PA| Weekly S/R| Bearish Divergence|.618 Fibonacci Evening Traders, Today’s analysis – SPY – possible blow of top with further downside probable, following technical points to consider. - Bearish PA (swing high) - Valid bearish divergence - Weekly S/R support - .618 Confluence (200 DMA&DEMA) - Increasing volume SPY’s immediate price action at swing high is bearish; a large wick on a weekly candle usually marks a temporary top, this allows us to have a bearish bias on the market. Weekly S/R is the next logical support; price action is likely to have a reaction. Breaking this level will be very bearish. Price will then have a higher probability of testing the .618 Fibonacci in confluence with the 200 DMA&DEMA. Spy currently has a bearish divergence on the weekly; this is an indication of weakness in the market, thus further downside likely. There is also increasing volume after absorption, indicating sellers are stepping in pushing current volume node above average. Overall, in my opinion, the SPY is likely to correct further with weekly S/R immediate target. Any short positions are to be risk defined. Price action is to be used upon management/ discretion of trade. Hope this analysis helps! Thank you for following my work! And remember, “Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.” ― Yvan Byeajee
AMEX:SPYShort
by AzizKhanZamani
1
NZDUSD Daily S/R| Technical Divergence| 200 DMA| Bearish PA Evening Traders, Secondary analysis – NZDUSD – respecting daily S/R with a range deviation, price is likely to test lower levels. Points to consider, - Bearish price action - Daily S/R resistance - 200 DMA support - RSI bearish divergence NZDUSD is likely to respect range high due to its recent bearish price action. Breaking impulsively back into range indicates weakness in the market. The Daily S/R is considered a bearish retest level, rallies or to be shorted until proven otherwise. The 200 DMA is in confluence with the lower daily S/R, price is likely to come for a test of this level, (range low). RSI has a valid bearish divergence, this shows further weakness in the market as price continues to rise in a bearish manner. Hope this analysis helps! Thank you for following my work! And remember, “You’re going to learn a million things, then you need to forget them all and focus on one.” – SunriseTrader
Short
by AzizKhanZamani
2
GBPUSD Double Top| Range High| 200 MA&EMA| Bearish PA Evening Traders, Second analysis – GBPUSD- short trade with risk defined above range high, technical points to consider, - Double top resistance - Range mid confluence (200MA) - Range low extended target - Bearish price action GBPUSD’s initial rejection is very bearish, establishing a double top at range high. Price action is likely to test range mid, the area is of technical confluence with the 200 MA and EMA. Breaking range mid will make the immediate target, range low; historically price has respected this level. Overall, the current price action is bearish with lower projections. Rallies are to be sold into. Hope this analysis helps! Thank you for following my work! And remember, “Trading mastery is a state of complete acceptance of probability, not a state of fight it.” ― Yvan Byeajee
Short
by AzizKhanZamani
BTCUSD Scalp |H1 Double Bottom|Dynamic Resistance|.618 Fib|RangeEvening Traders, Today’s analysis – Scalp opportunity on BTC, following are technical points to consider, - Range low double bottom - Dynamic Resistance breached - .618 Fibonacci retest - 21 MA support - Range high target A double bottom deviation back into range shows demand below range support, this is considered bullish. The Dynamic resistance in confluence with the 21 MA has breached with recent impulse, first time since the down trend. The 21 MA is now considered support – S/R Flip. A backed test and hold of the .618 Fibonacci is bullish, allowing for a risk defined entry. Price action immediate target will be range high. It is important to monitor volume to avoid fake outs. Hope this analysis help! Thank you for following my work! And remember, “Trading effectively is about assessing probabilities, not certainties.” ― Yvan Byeajee
BYBIT:BTCUSD.PLong
by AzizKhanZamani
4