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GBPJPY On The Move!The previous post of the GBPY showed price holding at the support level of 156.60. This was the consolidation resistance turned support from the January 2018 high. Price formed a textbook pattern by breaking out of consolidation and retesting the consolidation zone, then bouncing off support. We are seeing an impulsive move to the upside, and should the move continue, the momentum could break price out above the next resistance level at 168.43. If there is a breakout, it confirms a continuation to the upside and may lead to a long-term bull trend lasting several months. This forex pair should be on your watchlist as an opportunity to go long may be just round the corner. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
Bitcoin Bounce!Last week, price made contact with a major level of support, formed from the low of January 22nd at $28,800. Price stayed at this level for a few weeks. It’s the start of a new week, and already seeing a bounce from the support level. As the weekly candle displayed is still new, we will have to wait until the end of the week to confirm a weekly bullish candle. A bounce from this level could be significant because it would suggest the resumption of the long-term bull trend. But of course, we still need a breakout of the all-time high at $69,000 to confirm this. We want to see a pattern of higher highs and higher lows on the daily timeframe and resistance levels broken prior to the all-time high. A build-up of strong momentum should see record highs created in the next trend. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSD
by Sublime_Trading
10
GBPJPY Ready To Burst Into Action!The forex market has been silent for many years now, so there haven’t been many opportunities to jump into trend-following positions. We have to remain patient during quiet times and keep an eye on the calm markets even when placing positions in more active markets. The GBPJPY is showing signs that watching the quiet market may pay off. Price is setting up for a potential long-term bullish opportunity. Price went into consolidation from the low in October 2016 at 124.78. It moved sideways for almost six years before finally breaking above the consolidation resistance level at 156.60. The breakout occurred in March 2022. Price continued up and then started to decline and came down to retest the consolidation resistance turned support in May. We then had a bounce off support and now price is looking strong and heading back to the upside. If a breakout occurs above the April high at 168.43 then we are likely to see a continuation to the upside. This could result in an uptrend lasting several weeks or months. Expect updates on this chart if we have a breakout. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
AXIS BANK buy tgt 700 and aboveaxis bank structure is strong, since all the major indices are bouncing back nifty bank is one of the index showing a move ahead above 35000 mark. axis bank will be one of the participant in this rally of bank nifty. price setup: axis bank is trading above its short term ema and above 50sma range. and can achieve the target above 700 to 720 near the 2hours 200ema. indicators: RSI - is strong and rising, ADX- is greater the 20 and +DI is also confirming the trend and can conclude the momentum exists in the favour of bull, williams %r: it is indicating that the trend can sustain above the range and can stay in the position. to do: buy near 670 to 675 stop loss 659.5 target - 694 / 700 / 720
NSE:AXISBANKLong
by yashi09radia
5
USDJPY Set For A Bullish Trend?The USDJPY went into a long period of consolidation from June 2015 to April 2022, almost seven years, and may be at the start of a potential long-term bullish trend. Before the recent sideways market, price formed a trend that lasted from October 2011 to June 2015, rising from 75.56 to 125.85. Now that price has broken out from the long-term consolidation zone, we need to ensure it is not a fake breakout. We do this by waiting for a retest and then a continuation in the direction of the breakout. Price appears to be doing just that. Following the breakout above 125.85, price moved higher and has since pulled back. We want to see price use 125.85 as support and then break above the recent high at 131.34. A break and close above that level on the daily timeframe confirms a trend continuation. We are then likely to see further moves to the upside. Remember that this can still be a fake breakout which is why we need confirmation first, so patience for now until we get that breakout. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
GBPUSD - Sideways For Six Years And CountingThe currency market has not offered consistent long-term opportunities for a number of years now, and looking at the chart of the GBPUSD, we can see why. Price went in a decline from July 2014 to October 2016, falling from 1.7191 to 1.1904. Since then, price has not moved away from the range consisting of a high at 1.4376 and a low at 1.1904. In March 2020, price did break the low support, but the following month returned inside the consolidation zone and continued to move sideways. In this type of market, there is not much we can do as trend-followers because we need price to be in a trend. This market is very difficult to trade but will be infested with many day traders and swing traders. The easy profits are made in a trend, but that requires patience. A strong trend is likely to unfold once price breaks out, which may be to the upside or the downside. This is because a strong trend usually follows a lengthy period of consolidation. We will have to keep monitoring the GBPUSD and be ready once a breakout occurs. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
using MACD histrogram as a volatility toolMany traders use the MACD for divergence or crossover signals. It is my opinion that market participants trade almost every oscillator this way. This I find rather simplistic and not respecting what the data shows you. In this tutorial I will show a new approach to reading the MACD, obviously I'm probably not the only person who looks at MACD this way however. MACD colors: blue = MACD orange = Signal line green and red waves = histogram The MACD is based on the distance between 2 exponential moving averages. The signal line is a smoothed version of the centered oscillator that difference creates. And the histogram is the difference between the MACD and signal line, this is extremely simple. On the chart I have plotted these 2 EMA's for clarifying my approach to the MACD. Notice that when price rapidly changes these 2 lines move away from eachother, we see the MACD line also move away from the signal line in the process creating a big histogram wave. After the trend becomes less volatile and more one directional the EMA's stay at the same distance from eachother. This creates a flat histogram. The trading approach I'm showing here is that instead of trading tops and bottoms from the histogram/crossovers you use the MACD as a directional tool and you use the histogram as a volatility tool. We wait for a crear trend to get established after a big histogram wave and then for the trend to stabilise: MACD histogram flattening. Now we have a one directional trend and it is a good place to start opening positions in the trend direction as it is stable. Notice how we got a nice discount after the trend stabilised and became on directional. I provide below some snapshots of how the market looked when trades would have been opened: long setup: short setup: result: Use this information with caution as these examples are obviously cherry picked. I hope this gives some perspective on using the MACD in your trading arsenal.
INDEX:ETHUSDEducation
by Honestcowboy
S&P Bounces At $4000The S&P 500 continued to decline last week. Past levels of support formed from previous lows, so we had to look at the next obvious level of support. In this case, it was not a previous high or low but a psychological level in the form of the $4000 round number. The weekly timeframe clearly displays a reversal candle that did not close below $4000, which is a good indication of it being a strong level of support. Price could still break this level, but for now, it is holding. What we want to see going forward is a bounce from support and a resumption of the bull trend. A pattern of higher highs and higher lows will indicate bullishness in the market. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
4
US Dollar Breaks 5-Year High!In last week’s post, I highlighted that the US Dollar was being held at a major resistance level and was preventing price from climbing any higher. So far this week, price has broken through. Closing prices are more critical than intraday movement, so although price is above resistance, it does not mean it will stay above it at the end of the business day. This resistance has held strong for over five years, so it will take a lot of momentum from the buyers to keep price above resistance at $103. The resistance level is actually the high of a large area of consolidation, with the support low at $90. Following a breakout of the high, we need to see a pattern of higher highs to confirm that a trend is forming. This will reduce the likelihood of price returning into the consolidation zone. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!Long
by Sublime_Trading
Support Still Holding The S&PThe S&P 500 was held at support last week with price unable to break and close below it. The support is from the low of February 24th 2022 at $4114. Because the level has not been broken for over two months, it is proving to be a strong level. This, however, does not mean that it can not be broken, the likelihood is just slim, but with the markets, anything can happen. We expect to see a bounce from support and a move back to the upside, above the 200 simple moving average and then the all-time high at $4818. If this occurs, then we should see a bull trend back in play. If the support level is broken and price forms a pattern of lower lows and lower highs below it, we may see a bear trend forming. In the meantime, we will have to see how this week plays out. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
AAPL: Complete Analysis (H, D and W charts)!Hello traders and investors! Let’s see how AAPL is doing today! First, in the 1h chart, it is breaking the $ 160 line, triggering a pivot point that could work as a reversal for the next few days. The 21 ema worked as a support a few times, and it just might work again, as the trend is getting bullish now. The $ 171 area seems to be the most important resistance for us, and it is a technical target as well. This movement could be ruined if we see a bearish structure and if it loses the $ 158 area, so pullbacks are expected, but it must not drop too much. Unlike the 1h chart, in the daily chart the trend is still bearish, and we don’t see any clear reversal structure. Yes, we did a Hammer pattern 2 days ago, but it wasn’t near any support level, and AAPL is not doing higher highs/lows yet. This tells me that we are in the early stages of a reversal, and it could be just too soon for us to see a clear movement in the daily chart. Nevertheless, if you ask me, AAPL is heading to the 21 ema in the daily chart now. The weekly chart reinforces the idea of a reversal, as we just hit a bottom. In the weekly chart, the situation changes, and the trend is still clearly bullish, and AAPL just did a pullback to the purple trend line, and right now, it is doing a Bullish Engulfing. If it keeps looking like this, it’ll be a classic bullish sign, reinforced by the reactions we see in the 1h and D charts. Even if AAPL corrects when it gets near the 21 ema in the daily chart, it could be the opportunity for it to trigger higher a bull trend by doing higher highs/lows (as long as it doesn’t drop too much, below the $ 155). I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
1
US Dollar Could Go Higher!Since June 2021, price has been moving up strong, ploughing through the $100 major round number, which is a psychological level of support/resistance. April’s monthly candle closed bullish for the month and saw a move of 4.64% but was stopped in its tracks by a major level of resistance. The consolidation high at $103 is acting as resistance and this level was formed in January 2017. Price has been moving sideways ever since, between this high and the support at $88 from February 2018. This is a wide area of consolidation so price has been able to form trends in this zone, but a breakout could lead to an even bigger trend forming over a longer period of time. Similar to the S&P 500, price is very close to breaking out. In this case, a pattern of higher highs and higher lows above the consolidation zone, would be our signal to look for entry opportunities. Patience for now as the buyers and sellers battle it out where the outcome will determine if we can go long or continue to stand aside. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!
by Sublime_Trading
S&P 500 Downfall?The S&P 500 is very close to signalling the start of a potential bear trend in the market, something we have not seen since the 2007-2009 market crash. Yes, we have seen some bearish moves since, but not a long-term bear trend that has lasted for months/years. If this does come to fruition, it will be bad news for bullish investors who have held positions for years. But it will be good news for long-term trend followers who can adapt to market conditions and invest in the direction of current trends. Trend-followers are waiting for the opportune time to place short positions, but that time is not yet, and patience will need to be applied. The reason for us needing to apply patience is because the market can go either way. Price, at the moment, is still inside an area of consolidation and has been since January 4th 2022. When price consolidates, it tends to bounce between the consolidation low support level and the consolidation high resistance level, at $4114 and $4818, respectively. Currently, price is approaching the support level and could just bounce from this level and continue moving sideways between the support and resistance levels mentioned above. But, if price breaks down below support, this will trigger us trend-followers to pay close attention and be ready for a potential long-term bearish opportunity. The first breakout of support is not what we are looking for, as this may turn out to be a fake breakout and catches out the majority of investors. A pattern of lower lows and lower highs below consolidation will give us the signal to look for shorting opportunities. Unless this happens, we will continue to stand aside as we are in an overall bull trend which could resume if the support level holds. We will have to just stay on the sidelines and watch and wait for the right moment. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
2
UNI done correcting or ready for another leg down?UNI dumped 39% after the bearish Supertrend Ninja - Clean signal on the 3th April (red vertical line on the background). The Supertrend Ninja - Clean gave 2 bullish signals in 2020 (with the biggest 1065%). In 2021 it gave 2 bullish signals, with 1 bullrun (33%). In 2022 it gave 1 bullish signal, with no follow up. Whereas UNI corrected at least 22% - 66% after each bearish Supertrend Ninja signal (based on the last 4 signals). Let's have a look at the other indicators. The Stoch RSI is in oversold levels, pointing downwards. K is below D, which is a bearish sign. UNI is still in the Bearish Zone of the Ichimoku Cloud , which is bearish . The RSI is almost in oversold area at 34 (40-60). If we take a look at the Average Directional Index ( ADX DI) its bearish . The +DI (Green Line) is below the -DI (Red Line). While the Trend Strength is becoming stronger. Since the ADX (Orange Line) is above its 9 Period EMA (Black Line). Currently UNI is also below its Bollinger Bands Middle, Band Basis 20 Period SMA and the Least Squares Moving Average ( LSMA ). Which are bearish signs. Going down here, the next support is at 5.85 USDT. Supports and Resistances are highlighted as grey blocks. Conclusion: UNI moving sideways or going downwards. I'll wait patiently on a bullish Supertrend Ninja signal, before entering a long. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns. What Indicators Do I Use: In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
by Kch28