ATOMUSDT Bullish OB| Swing Low| Price Action|Trend Evening Traders,
Today’s analysis – ATOMUSDT – trading at a key support level where a rotation back towards the high is probable,
Points to consider,
- Price Action Corrective
- Local OB Support
- .618 Fibonacci Resistance
- POC Resistance
- Low Volume
ATOMUSDT’s immediate price action is trading at an order block, offering support, this allows for a bullish bias.
The .618 Fibonacci and the POC S/R is current resistance, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent on the next expansion.
Overall, in my opinion, ATOMUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“There is a huge difference between a good trade and good trading.” – Steve Burns
Stochastic Oscillator
GOLD (XAUUSD) 4H FORECAST Gold gained sharply after hitting an 8-month as Russia and Ukraine tension escalates. The exchange of fire between Kyiv's forces and pro-Russian separatists has affected market sentiment. The number of people who have filed for unemployment benefits rose to 248000 the previous week compared to a forecast of 217000. Philly fed manufacturing index dropped to 16.6 in Feb vs. an estimate of 19.90.
Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index –Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
DISCLAIMER: ((trade based on your own decision ))
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ONEUSDT .618 Fibonacci| Prince Action| Trend Evening Traders,
Today’s analysis – ONEUSDT – trading at a key location where a bounce is probable,
Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- Local OB Support
- Low Volume
ONEUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the .618 Fibonacci and a Local OB, allowing for a bullish bias.
The current volume is below average, an influx is highly imminent on the next expansion.
Holding this support is key for a bounce to upside resistance, failure will be indicative of weakness.
Overall, in my opinion, ONEUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
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
ATOMUSDT Local OB| .618 Fibonacci| Price Action| Trend Evening Traders,
Today’s analysis – ATOMUSDT- rejection of from an order block, allowing for a move down,
Points to consider,
- Price Action Corrective
- Local OB Resistance
- Local OB Support
- .618 Fibonacci Support
- Low Volume
ATOMUSDT’s immediate price action is rejecting of from a Local OB Resistance, trading towards the support level that has technical confluence with the .618 Fiboancci and OB, allowing for a bullish bias.
The current volume is below average, an influx is highly imminent of the next expansion.
Holding the support region is critical for a bullish market structure, failure to hold will be indicative of weakness.
Overall, in my opinion, ATMUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
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.”
― yvan Byeajee
GBPNZD VWAP S/R| .618 Fibonacci| Price Action| Trend Evening Traders,
Today’s analysis – GBNZD- trading at a key trade location where a bounce is probable,
Points to consider,
- Price Action Impulsive
- VWAP S/R Support
- .618 Fibonacci Support
- Low Volume
- Trend
GBPNZD’s immediate price action is trading at an area of confluence with the .618 Fibonacci and the VWAP S/R, allowing for a bullish bias.
The current volume profile is below average, an influx is highly imminent on the next expansion.
The target is the swing high, exceeding this level will lead to a trend continuation.
Overall, in my opinion, GBPNOZD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your butt.” – Paul Tudor Jones
NZDUSD Local OB| POC| .618 Fibonacci| Trend Evening Traders,
Today’s analysis – NZDUSD- trading at a key trade location where a bounce is probable,
Points to consider,
- Price Action Corrective
- Local OB Support
- .618 Fibonacci Support
- Swing High Objective
- Low Volume
NZDUSD’s immediate price action is trading at aa key location that has technical confluence with the Local OB and the .618 Fibonacci, allowing for a bullish bias.
The immediate objective is the swing high, this will become more probable when the POC is reclaimed.
The current volume is considered low, an influx will imminent on the next expansion.
Overall, in my opinion, NZDUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
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
EURNZD Local OB| POC S/R| Price Action| Trend Evening Traders,
Today’s analysis – EURNZD- trading at a key area of support where a bounce is probable,
Points to consider,
- Price Action Corrective
- Local OB Support
- POC S/R Support
- Low Volume
EURNZD’s immediate price action is trading at a key level of support that is in technical confluence with the POC, VWAP S/R and the Local OB, allowing for a bullish bias.
The current volume profile is below average, an influx is highly imminent on the next expansion.
The immediate objective is the upside resistance, exceeding this level will lead to a trend continuation.
Overall, in my opinion, EURNZD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“The big ones take the psychology out of the game. Have a game plan, and stick to it.” Tim Erber
LUNAUSDT Price Action| POC| .618 Fibonacci| Resistance Evening Traders,
Today’s analysis – LPUNAUSDT- trading at a key resistance level where a rejection is probable,
Points to consider,
- Price Action Corrective
- POC S/R Resistance
- .618 Fibonacci Resistance
- Local OB Resistance
- Low Volume
LUNAUSDT’s immediate price action is trading at a key resistance level that is in technical confluence with the POC. .618 Fibonacci and the Local OB, allowing for a bearish bias.
The current volume profile is below average, an influx is needed in the next expansion.
Exceeding the current resistance level will lead to a trend continuation.
Overall, in my opinion, LUNAUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Taking responsibility means acknowledging and accepting, at the deepest part of your identity, that you—not the market—are completely responsible for your success or failure as a trader.”
― Mark Douglas
ATOMUSDT Relief Bounce| Local OB| VWAP S/R| Trend Evening Traders,
Today’s analysis – ATOMUSDT – trading towards a technical resistance location where a rejection is probable,
Points to consider,
- Price Action Corrective
- Local OB Resistance
(.618 Fibonacci, VWAP S/R Confluence)
- Low Volume
- RSI Extended
ATOMUSDT’s immediate price action is corrective and is approaching a bearish retest zone that has confluence with the .618 Fibonacci and the VWAP S/R, allowing for a bearish bias.
The current volume is low, an influx will be imminent on the next expansion.
The current RSI is overextended, a reversion to its mean is imminent.
Overall, in my opinion, ATOMUSDT is a valid short with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.” Michael Marcus
EURJPY Local OB’s| Swing High| Price Action| Trend Evening Traders,
Today’s analysis – EURJPY – trading at a key resistance region where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Local OB Resistance
- Swing Failure
- Low Volume
EURJPY’s immediate price action is trading at an order block resistance with a potential swing failure, allowing for a bearish bias.
The current volume is below average, an influx is imminent on the next expansion.
The immediate objective is the swing high, exceeding this level will lead to a trend continuation.
Overall, in my opinion, EURJPY is a valid short with defined risk, price action is to be used upon discretion/ management.
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
USDJPY POC |.618 Fibonacci| Price Action| Trend Evening Traders,
Today’s analysis – USDJPY- trading towards a key level of support where a bounce is probable,
Points to consider,
- Price Action corrective
- Local OB Support
(POC and .618 Fiboancci Confluence)
- Weekly S/R Objective
- Low Volume
USDJPY’s immediate price action is trading towards a technical trade location that has confluence with a Local OB, POC and the .618 Fibonacci, allowing for a bullish bias.
The objective is the swing high, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent on the next expansion.
Overall, in my opinion, USDJPY is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis help,
Thank you for following my work
And remember,
“If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
GBPUSD| .618 Fibonacci| Local OB| Price Action| Trend Evening traders,
Today’s analysis – GBPUSD- trading at a key trade location where a bounce is probable,
Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- Local OB Support
- RSI Extended
GBPUSD’s immediate price action is trading at a key location that has technical confluence with the .618 Fibonacci and a Local OB, allowing for a bullish bias.
The current RSI is overextended, a reversion to its mean it imminent on the next bullish expansion.
The objective is the Daily S/R, exceeding this level will lead to a trend continuation.
Overall, in my opinion, GBPUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
EURUSD Local OB| SFP| POC| Swing High Evening Traders,
Today’s analysis – EURUSD- trading at a key support level that needs to hold for a bullish bias,
Points to consider,
- Price Action Impulsive
- Local OB Support
- Potential Swing Failure
- Swing High Objective
EURUSD’s immediate price action is trading at a key trade location that has technical confluence with the Local OB and the SFP, allowing for a bullish bias.
The immediate objective is the Swing High, exceeding this level will lead to a trend continuation.
The RSI is overextended; a reversion to its mean is imminent on a bounce back.
Overall, in my opinion, EURUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work,
And remember,
“A quiet mind is able to hear intuition over fear.”
― Yvan Byeajee
GBPAUD Local OB Resistance| Swing Failure| Price Action| Trend Evening Traders,
Today’s analysis – GBPAUD – trading at a key trade location where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Local OB Resistance
- Price Action Swing Failure
- Low Volume
- Trend
GBPAUD’s immediate price action is trading at an order block resistance that is in confluence with a Swing Failure Pattern, allowing for a bearish bias.
The current volume profile is below average, an influx is imminent open an expansion.
The current trend is corrective, thus a rejection here will establish a technical lower high.
Overall, in my opinion, GBPAUD is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee,
RUNEUSDT Daily S/R| Price Action| Double Bottom| Volume Evening Traders,
Today’s analysis – RUNEUSDT – trading at a key trade location that is likely to hold,
Points to consider,
- Price Action Corrective
- Daily S/R Support
(Double Bottom Confluence)
- Local OB Objective
- RSI Extended
RUNEUSDT’s immediate price action is trading at a key trade location that has technical confluence with the Daily S/R and an Order Block, allowing for a bullish bias.
The Local OB is the immediate objective, exceeding this level will lead to a trend continuation.
The current RSI is overextended, a reversion to its mean is probable on a bounce back.
Overall, in my opinion, RUNEUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
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.” ― yvan Byeajee
NZDJPY Local OB| Swing Low| Price Action| Trend Evening Traders,
Today’s analysis – NZDJPY- trading at a ley trade location where a bounce is probable,
Points to consider,
- Price Action Corrective
- Local OB Support
- Daily S/R Objective
- RSI Extended
- Declining Volume
NZDJPY’s immediate price action is trading at an area that is in confluence with an order block and a potential swing failure, allowing for a bullish bias.
The Daily S/R is the immediate objective, exceeding this level will lead to a trend continuation.
The current RSI is overextended, a reversion back to its mean will happen on the price action rise.
Overall, in my opinion, NZDJPY is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Trading effectively is about assessing probabilities, not certainties.”
― Yvan Byeajee
FTMUSDT Daily S/R| .618 Fibonacci| Price Action| Trend Evening Traders,
Today’s analysis – FTMUSDT – trading towards a key trade location where a bounce is probable,
Points to consider,
- Price Action Impulsive
- .618 Fibonacci Support
- Daily S/R Objective
- Low Volume
- Trend
FTMUSDT’s immediate price action is impulsive and is trading towards a key location that has technical confluence with the .618 Fibonacci and the Local OB, allowing for a bullish bias.
The Daily S/R is the current objective, exceeding this level will lead to a trend continuation.
The current volume is below average, an influx is highly imminent on the next expansion.
Overall, in my opinion, FTMUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“You create your own game in your mind based on your beliefs, intents, perception and rules.”
― Mark Douglas
ONEUSDT Daily S/R| Range High| Price Action| Trend Evening Traders,
Today’s analysis – ONEUSDT- trading at a key trade location where a reversal is probable,
Points to consider,
- Price Action Corrective
- Daily S/R Resistance
- Single Print Fill
- Local OB
- .618 Fibonacci Support
ONEUSDT’s immediate price action is corrective and is trading at a key location that has technical confluence with the Daily S/R and Single Print, allowing for a bearish bias.
The immediate objective is the Local B, exceeding this level will lead to a bearish trend continuation.
Price action is currently range bunce, accumulation is imminent before the next expansion.
Overall, in my opinion, NEUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
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
NZDCHF Weekly S/R| Price Action| .618 Fibonacci| Trend Evening Traders,
Today’s analysis – NZDCHF – trading towards a key level where a bounce is probable,
Points to consider,
- Price Action Corrective
- Weekly S/R Support
- .618 Fibonacci Confluence
- RSI Extended
- Swing High Objective
NZDCHF’s immediate price action is trading towards a key trade location that has technical confluence with the Daily S/R and the .618 Fibonacci, allowing for a bullish bias.
The current swing high is the objective, exceeding this level will lead to a trend continuation.
The swing high is the objective, exceeding this level will lead to a trend reversal.
Overall, in my opinion, NZDCHF is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
‘’No one strategy is correct all the time’’.- John Paulson
Close to End Of Correction? Lets follow !Are we close to end of current sell pressure? Probably yes ! When it ends? Lets Follow !
Nasdaq 100 Index is beautifully inside a parallel channe l and is reaching to base of channel one more time . Elliott wave count suggests that we are in wave iv correction. This correction may end at 15024 corresponding to 0.382 retracement of wave iii. There is a nice confluence at the base of channel and mentioned retracement . Moreover, Stochastic indicator is reaching to oversold zone Which supports our idea well.
If true , One more leg up (wave v) will start to complete a larger degree wave cycle. This up coming wave will push up the index to the upper bond of channel at strong resistance formed by different types of fibonaccis around 17673-17840 zone.It is wise to be careful about long positions there since there will be a more powerful than the current sell off ! . Note the timing ! Interesting! it is close to announced firs step Fed action to increase the rates !
Current index is just around 3-4 % over our first mentioned support. So, I expect current sell of to be ended soon actually in a few days!
Please note this is a before the fact prediction. should it need any update, We can do it later !
Good luck my friends.
ONEUSDT Daily S/R | .618 Fibonacci| Price Action| Trend Evening Traders,
Today’s analysis – NEUSDT – trading towards a technical trade location where a bounce is probable,
Points to consider,
- Price action corrective
- Daily S/R Support
- Swing High Objective
- Low Volume
- Trend
ONEUSDT’s immediate price action is trading towards a trade location that has technical confluence with the .618 Fibonacci and Two Daily S/R Supports, allowing for a bullish bias.
The swing high is the immediate objective, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent before the next expansion.
Overall, in my opinion, ONEUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
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
EURNZD Local OB| .618 Fibonacci| Price Action| Trend Evening Traders,
Today’s analysis – EURNZD – trading towards a technical trade location where a bounce is probable,
Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- POC S/R Support
- VWAP S/R Support
- Swing High Objective
EURNZD’s immediate price action is corrective and is trading towards a technical trade location that has confluence with a Local OB| POC S/R and a VWAP S/R, allowing for a bullish bias.
The Swing High is the immediate objective, exceeding this level will lead to a trend continuation.
The current volume is below average, an influx is highly imminent on the next expansion.
Overall, in my opinion, EURNZD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
ADA/USD - updateWe have seen a very nice rise with ADAUSD since the 11th Jan with increasing Volume on this Binance 1d chart. The only issue at the moment is that BTC is dragging everything down with it so ADA is having trouble maintaining its rise at the moment.
ADA is above its Bollinger Bands Middle Band Basis 20 Period SMA and note that we have expansion of the Upper and Lower Bands and this expansion is for positive momentum. Not that ADA is above its Bollinger Bands Upper band so a retracement back under the Upper Band shouldn’t come as a surprise.
Note that ADA is still above its Least Squares Moving Average (LSMA) for this 1d timeframe.
ADA is still in the Bearish Zone of the Ichimoku Cloud but note that ADA has risen and is now getting close to the Leading Span A (Senkou Span A) resistance Level.
Note that ADA is still above its Longterm Pitchfork Median Line on this 1d timeframe.
ADA is still above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 8x daily candles that i have selected.
ADA is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range.
Note that Volume has increased and yesterday’s Volume Bar closed above its Volume 20 Period Moving Average and today’s Volume Bar will also close above it.
If we look at the Moving Average Convergence Diveragnce (MACD), we can see that the MACD Line (Blue Line) has crossed back over the Signal Line (Orange Line) generating a Buy Signal on the 13th-14th Jan and note that the MACD Line (Blue Line) is very close to crossing back over the 0.0 Base Line into the Positive Zone of the MACD indicator. Note that the MACD Line (Blue Line) has not been in the Positive Zone above the 0.0 Base Line since the 17th Sept 2021 so this will be an important move.
If we look at the Average Directional Index (ADX DI) we can see that the +DI (Green Line) is at 25.30 and has crossed back over the -DI (Red Line) which is at 14.28. this means that Positive Momentum is stronger then Negative Momentum on this 1d timeframe. Note that the Trend Strength is slightly weak with the ADX (Orange Line) at 18.94 under it s 9 Period EMA (White Line) which is at 19.85 and under the 20 Threshold. Note that the ADX (Orange Line) is pointing upwards so we may see another massive increased positive rise if the ADX (Orange Line) crosses back above the 9 Period EMA (White Line) and the 20 Threshold level.
If we look at the Stochastic Indicator (STOCH) we can see that the %K (Blue Line) is in the Overbought Zone of this indicator. The %K (Blue Line) is pointing downwards but it is still above its %D (Orange Line). Be on the lookout for if the %K (Blue Line) stays above the %D (Orange Line) or crosses back below it. Note that because the %K (Blue Line) is in the Overbought Zone that doesn't see that it will drop out of it because the %K (Blue Line) can range sideways in the Overbought Zone for a prolonged period of time.
Here is a wider look at this 1d chart.
With such a rise it is not uncommon for the price to drop back under its Upper Bollinger Band before continuing upwards. If Upwards Momentum continues being strong then we may see ADA walk up along its Upper Band for a few days.
As usual with BTC dropping, BTC is dragging everything down with it and slowing ADA’s rise, so we have to keep an eye on what BTC is doing because if BTC drops under $40K, then that will continue to drag ADA and all other alts down with it.
I hope this is helpful with your trading and hodl-ing.