US30 Daily TF Analysis-SellsPrice is currently testing a level of support which is also where the 200 EMA. I anticipate that the market will reaction to this level and have a bullish pullback to build momentum for the NY session to retest the lows that were created during the NY session close. As long as price respects the market structure, the analysis should play out. This week the market has been bullish all throughout the London session and pre-NY open. Then in the afternoon 1-2pm Est, the market starts to continue the bearish momentum and takes out all of the bullish movement that was created. My bias is still bearish, its just a matter of waiting for the right time with volume in the market to execute.
1. Daily Candle closed above the 200EMA
2. Price also closed at a strong level of support
3. Structure was broken and price formed a new low
4. Price can possibly pullback during the Asian and London session to retest the support that was broken during today's NY session
*If price breaks and closes below the 200EMA on the daily TF, there is a high probability that the market can continue bearish going into next week.
Tradeanalysis
US30 Scalping setup for 01/20/22*Overall Sentiment is Bearish bc of interest rate talks. Price is currently in downtrend (Bearish)
1.Yesterday's NY session created a low
2. Resistance has formed since last two sessions, if price fails to break above 35244, it can continue bearish
3. If price breaks below 35108 and gives candle confirmation, price can retest the lows at 34990 to continue bearish trend
4.Price has been forming lower highs which indicates the bearish trend is still valid
DODO updated price chartAs you can see DODO has popped out of its falling vedge and there was bullish divergence formation on RSI on the daily timeframe.
What you think? Share your comments here below.
#DYOR
Reviewing my last trade for 2021: $TRT 25%ish gainLuckily, I ended up 2021 with a win. It was a modest one but given how tough the trading environment was back in December for the long side (likewise in the start of 2022), I'm thankful that I was able to pull off a W. Let's review it
$TRT is the ticker of the trade.
First entered the trade back in December 7, 2021 (1st Green Arrow) at $9, when it proved strength. Cut was $7.20
Was a little challenged by this trade given it didn't move right away as I expected it to. When it retraced, I gave myself two options: follow the original cut or exit the position early and buy it back in case stock proves me wrong. Decided to go for the latter and went out of the position last Dec 13, 2021. (1st Red Arrow)
I was proven wrong. I went back in TRT on Dec 15 (2nd Green Arrow), again when it showed strength and added more when it slightly corrected (Multiple Green Arrows). Me being proven wrong by the stock earlier gave me more confidence to size this bigger compared to the initial engagement.
Used the 5 Day Moving Average to trail my profit when I was ahead. Was initially targeting $15 but it never happened. TRT retraced to my trail profit, putting me out of the trade at $11.40 with a 25% gain (2nd Red Arrow). Expected more but can't complain. A nice end of year bonus.
Takeaways from this trade: Always be ready and be patient for your A+ setups to manifest.
Zooming out, the area pattern traded is an ascending triangle, a bullish area pattern
Hope you learned a thing or two.
Thanks and good luck out there!
Polkadot Price analysisEveryday is a new day and new trading patterns we have to identify because of the market sentiments and fundamentals. As you can price is back in downward parallel channel. The price is at its very critical support. Plus its forming possible double bottom and there is also a hidden bullish divergence on RSI and you can see whenever the RSI is above the yellow line price rallies upwards. Hope soon the RSI breaks the yellow and make it as its support.
I am still very bullish on $DOT. What you think kindly share your views in the comment below.
NOTE: These are just my observations and not a financial advice. #DYOR
US30 Scalping setup 01/10/22Quick scalping Idea for today. Price is currently in a range on the higher timeframe so price might be choppy. These are two key levels for a quick scalping opportunity.
US30 Analysis 01/07/22 Today is NFP NEWSToday is the NFP report at 8:30am. There should be tons of volume with the news release. I believe price will continue its bearish movement down. There is too much negative news surrounding the US economy. I believe the NFP report will be good, but the market will still go bearish.
Ethereum closed $ 50 million in one hour. Watch out for this !Hello everyone!
With a sharp drop, price stopped at strong support ($ 3600).
Scenario 1 on bullish rises:
Make a quick comeback with a bear flag top test or create a short term double bottom on strong support ($ 3600)
The surest entry is with test the bearish flag from top. Close to the price ($ 3900)
Scenario 2 for bearish rides:
Testing a bear flag from below and it will drop (Book play)
The best place to entry in this situation is the second low at $ 3,600 tested from the bottom.
In this scenario, I aim to test the highs from 09/23 and 09/27, which have not been tested and are very close to 0.5 FIB
I myself will deal with a new one with my strategy if it happens.
Comment and like.
Greetings!
LONG TRXUSDT | Risk / Reward: 3 This will only be a technical analysis.
The Chart seems to shows us a "M" pattern that is spreading among the time. If this was true, we would be in the down side of the "M" pattern and would bring an opportunity to make a long position.
Furthermore the RSI is pretty low, this comfort a long trade signal.
Position settings
Entry Price: 0.07717
Target Profit: 0.09761
Stop Loss: 0.07035
Potential Profit: 26.49%
Ratio Risk / Reward: 3
I am also curious to earing your opinion too.
Should you feel that this analysis helps you, feel free to leave a like, and I wish you a good day!
US30 Analysis 01/04/22 No buys without a pullbackPrice recently broke the level of resistance and is currently testing new highs. I will not look for a buy unless price makes a pullback and creates a level of support, or starts to reject the 50EMA (purple line). A rejection (candle wick) from the 50 EMA will provide confirmation for a bullish continuation. No buying opportunity without a retracement!
Not looking for a sell opportunity unless price breaks 36600 and goes back into the range. My target would be the 200EMA.
Vulcan Forged Price AnalysisThe Vulcan Forged Price responded promptly to the news, as you would anticipate. The SPY token lost over 30% intraday prior to ricocheting to $22.00 (- 18%). Be that as it may, regardless of the bounce back, selling tension might continue when US brokers arise today.
The most significant risk for longs is on the off chance that the value breaks underneath the December fourth low of $16.30. On that occasion, an augmentation towards $10.00 looks conceivable.
On that premise, my recommendation to those considering purchasing PYR tokens is to hold on until the current circumstance is settled.
Hello, community, please if you like my ideas do not forget to support them with your likes and comment, and you can also get in touch for daily signals and alerts.
AUDUSD - SHORT BEFORE THE BUYPotential set up on AU, could see around a 50% retracement back to fill the imbalance before a push up from arround 0.70750 ??
EUR/USD FULL ANALYSIS Breakdown (SHORT This Week?)Disclaimer:
Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :).
Update:
Usually I do a weekly analysis but never really include it in these posts since it seems like its a little long for someone to read through. But, this week I am going to include my Weekly, Daily, and Hourly analysis for this pair and just let me know if you think it is too long of a post or if you like the extra information. Let us get right into the analysis and like always, feel free to message me or comment on these post any question you may have.
Weekly Analysis:
As you can see just looking at the weekly there is a zone where price is having a hard time breaking through and that is around the 1.14000 price range. The reason I really like this zone is cause price had bounced off of this zone 5-6 times in the past and price seems like it already had rejected this zone a little bit. This previous week had made a really big Doji candle, so for any of us to take a trade on this pair we would need more confirmation on lower time frames, from the weekly you could wait for another weekly candle but for a better entry going to a lower time frame would allow us to get a really good entry with a big risk to reward. If I can get a confirmation on a lower time frame then I will look to target the lows of 1.08050 since price has been there in the past, also you have to understand that this can take many weeks for this trade to play out so, if you are looking for a quick easy trade this may not fit your trading style.
Daily Analysis:
Today I decided to include two charts with this analysis, the first one is something that I noticed with this pair which it like to make a move to the downside but then come back all the way to that high retest and then drop. The second one is without the green lines but shows my original analysis you are used to seeing price has made its way back up to this resistance line and showed some weakness to the top side with the ending few candles last week. If we can get further confirmation and momentum to the downside then this could be a longer term trade to the downside but if we can get an entry on the lower time frames, this could be a good risk to reward trade. Although we have already seen big wicks to the topside and already some momentum to the downside, I would want to see more confirmation on the One hour time frame making a close below the recent lows or if you want to be more safe wait for a close on the 4 hour. Since there is a lot of very volatile moves going on recently we are going to place a very big stop loss hoping that we do not get stopped out on a big pullback.
Hourly Analysis:
There is not too much to look at with the current hourly candles, they have been just moving sideways the previous week so we are going to need a big bear candle closing well below the recent lows to get into this trade. If anything, make sure to risk a very little amount of your capital on this trade, their is a lot of pips to get over the next few weeks so do not rush anything and end up taking a stupid trade. Keep your risk managed and look at the long term when taking this trade. Like I already mentioned, if you are not able to stay in a trade long term then maybe this trade is not for you.
Thanks again,
KeySlot
GBPJPY Analysis 23rd NovemberGJ analysis done for tomorrow's trading day (24th November).
NOTE: This analysis is done daily - pre-asian session.
for the next trading day (LONDON-NY Session)
XAUUSD Analysis 23rd NovemberGOLD ( XAUUSD ) analysis done for tomorrow's trading day (24th November).
NOTE: This analysis is done daily - pre-asian session.
for the next trading day (LONDON-NY Session)
XAUUSD SetupAt prestent I am waiting for price to show me what it wants to do.
After yesterdays big impulse move we had a 50% retracement
Then today we continued the move to the upside during asian session then consolidated for the rest of the day
I am now looking for price to break out to the upside or retrace and fill the imbalance and continue to the daily zone
Orchid OXTUSD 77 Target reached! Per last video (see "Link to Related Ideas" below) our target has now been reached.
Congratulations Traders!
- Stewdamus
AUDUSD: Bank Sentiment Divergence Between The Feds and The RBAFundamentals
Succumbing to the global policy unwinding pressure and rising inflation fears, the RBA's dovishness led to the AUD sell off against the USD. The drop is cushioned by the decrease in volume as traders wait for Fed's FOMC meeting this week. Trades expects the Feds to announce taper during the meeting this week.
Technicals
We are essentially waiting for a pull back as traders take profit to enter. The levels considered are notable areas of supply / demand imbalances which adds confluence to the fib levels.
EURUSD Signal: Bank Sentiment Divergence Between the Feds & ECBFundamentals
EUR(Bearish)
ECB unlikely to raise interest rate in 2022 despite high inflation of 3.4%
says medium term is still subdued, unlikely to meet conditions for rate hike.
Discouraging European Data German Sales down, Industrial Production down,
but PPI jumped to 16.0% (hinting inflationary pressure)
USD (Bullish)
Feds announced $15 billion per month reduction of asset purchases beginning November
Powell believes high inflation to be transitory, noting that inflation will remain high
Generally, conservative stance by powell but dollar still bullish, blames supply bottleneck
Technicals
Prices retraces bank into supply zone near the 61.8 fib level
DOA trading Strategy - TLRY#TLRY - Green DOA sniper and meter are firing on Daily chart
We should see a breakout at this wedge before EOW
SHIBUSDT AnalysisShiba Inu has been a range market since June this year. The market bulled up after its listing on the coinbase platform to 0.00950 but couldn't break above the resistance zone of the range and came back down to 0.00674. BINANCE:SHIBUSDT
It's obvious the Shiba market is waiting for Bitcoin to make a move as the market seemed to dip at every point BTC dips and rises as BTC rises.
The Market is now squeezing between 2 possible scenarios which are either a break above or below the triangle.
For now, we can still say that the Shiba market is still bullish as it hasn't broken the previous HL at 0.00685. Now we wait to see, will the market hold at the current at 0.00725.
We never predict the market, we follow what we see on the charts.
EURAUD SETUP..Possible intraday setup for EURAUD if trade will maintain to reject at invalidation level then trade will be valid to take
Ethereum making moves. Next Target would be a new ATH?Ethereum is trading at around $3000, at the time of writing this analysis, which also acts as an immediate support level. It tried to break the resistance at $3300 but failed, however, it has been accumulating between immediate support and resistance level to see the next move upwards.
I am using On-balance volume (OBV) which is a technical trading momentum indicator that uses volume flow to predict changes in stock price. It shows crowd sentiment that can predict a bullish or bearish outcome. The OBV indicator on the above chart clearly shows a sign of accumulation.
RSI is trying to reverse its movement, and if good buy volume comes in, it might again visit the overbought zones.
If Ethereum is unable to hold the Immediate Support Level, it might see a downtrend.
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