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Trendreversal

AUDUSD - DAILY - TREND REVERSAL - BUYTHE 61.8% Fibonacci retracement @ 0.727790 has been filled overnight; currently in recovery progress, daily clouds support zone has also be tested. Looks like a good buying opportunity (around 0.7290-0.7305) calling for a recovery towards the cluster of TS, KS ahead of MBB (0.7403 -0.7443) Watch ongoing support trend line (in red) and put a stop loss below in case it goes on the wrong side. All the best take care If you like my analysis, please do not forget to like it and add me on your following list Many thanks in advance Ironman8848
Long
by Ironman8848
Breakdown Play on the GBPUSDThe price action of the GBPUSD recently broke down below the lower limit of the ascending channel, which signifies the likely beginning of a new downtrend. Afterwards, it rebounded from the 23.6 per cent Fibonacci retracement level at 1.37347 and established a throwback to the channel from below. This behaviour of the price action corroborates the expectations of a trend reversal. Presently, the price action is probing the 38.2 per cent Fibonacci at 1.36727, which converges with the 200-day MA (in orange). If it manages to penetrate below the two, the price action would then likely head towards the 61.8 per cent Fibonacci at 1.35724. Conversely, a rebound from the 38.2 per cent Fibonacci would likely be followed by a throwback to the 23.6 per cent Fibonacci from below before the broader downtrend can be resumed.
Short
by Trendsharks
NEO TREND REVERSAL? Dino Large Cap Mid Term IdeaI did pretty well on NEO after calling the macro trend line breakout that preceded it's final 110% rally during the previous bull cycle. But, to be honest, it didn't really perform as well as I'd hoped. It didn't even come close to its previous ATH. I'm not sure how bullish that is for NEO's long-term prospects, and, let's be honest, NEO is kind of a dinosaur. There are a lot of sexier new projects that are DeFi, Dex, or NFT related. I have a feeling NEO has kind of been forgotten... But if you've been in crypto long enough, you know that the best time to buy is when nobody's talking about it. But it's important to manage expectations. If anything, it's a blue-chip mid term hold you can buy and forget about until large cap alt szn hits, when you can take a decent (but not face melting) profit.
Long
by cryptodonovan
GBPCAD expecting some bullish sentiment on 1.70000GBPCAD has been on a massive downtrend after retesting 1.75000 since 20th september to 1.69000, this level might bring some bullish sentiment as it finds support around this level from the weekly timeframe. the bulls push breaking 1.70000 with a strong bullish momentum, therefore am expecting a retrace then continue till 1.72500. Confirmation is waiting for a reversal candlestick pattern on 1.70000, then a break of the recent support turn resistance created. kindly drop your suggestions in the comment box.
Long
by lilsheggwen
BTCUSD - D1 - TRICKY ZONES !!!Following yesterday's price action, we can now draw a new downtrend resistance line (currently around 55'000) UPSIDE : In order to neutralise, this potential trend reversal the BTCUSD should recover and hold sustainably above 55'000 and this on a DAILY CLOSING BASIS !!! DOWNSIDE : the level of 53'433 (already mentioned in my previous analysis and already tested yesterday !) should be seen as a warning signal; a daily closing below this level would trigger at least a "DARK CLOUD COVER" which is not a strong bearish signal but nevertheless considered as an alert, calling for potential further downside. Indeed, as you can see on this chart, the 53'300-47'700 trading range is very fragile (sept 7th, long black candle on the downside) and 4 successive white candles on the upside !!! (Mirror effect) CONCLUSION : A clear breakout of the 53'300 support area which would put the BTCUSD in a very fragile trading zone, should accelerate the downside move ! Watch carefully intraday shorter time frames to get intermediate clues. Have a nice day Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
1
BTC : Schiff PitchforkPitchforks create a type of trend channel. The trend is considered active as long as the price stays within the channel. Reversals occur when price breaks out of the channel. There is a center median line ( trend line ), as well as sets of lines above and below that median line. The additional lines are set a specified number of standard deviations away from the median. Each individual line represents a support/resistance level. Note the way that price action interacts with the various lines : Pitchforks can help establish key support/resistance levels! These levels can be used in conjunction with active price action monitoring to help identify trend continuations/reversals while trading. // Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
2
GBPUSD Long IdeaThe GBPUSD fell sharply yesterday and the GBP was the weakest of the major currencies. The fall took the price down to test the January 18 swing low at 1.35188. Today the selling has continued – albeit at a more modest pace – pair moving closer to the January 11 swing low (and lowest level for the year) at 1.34498. The low price today has just reached 1.3454 (within 5 pips of the low for the year). the pair is now testing the 2021 low. I would expect risk focused buyers against the level with stops on a break below. Risk can be defined and limited against the level. That is enough of a reason for some traders to put a toe in the water (with limited risk).
Long
by JustTradeSignals
5
Part 1 - How to identify Trend Reversal | Market StructurePart 1, We are going to look at how to identify a trend reversal using the Market Structure and BOS (Break of Structure). Important things to remember: 1. When the Market Structure is Bullish - Price will be breaking previous Swing Highs but respecting Swing lows. 2. When the Market Structure is Bearish - Price will be breaking previous Swing Lows but respecting Swing highs. 3. Always Expect Market to break structure at any time And monitor Market Structure on HTF. 4. In Bullish market focus on the swing lows not the swing high ( Buy Low) 5. In Bearish Market focus on the Swing highs not Swing lows ( Sell high) Stay tune to Part 2. We be analysing using Wyckoff Method. Leave a comment below if you find the tutorial useful.
UEducation
by DynamicCapital-FX
6
ETH USDT: SELL @ 3520Hello All, hope you are having a great day! Welcome to today's "Aglogains - Daily Trade Series" ETH USDT has rallied up to 3533 making new short term higher highs, proving the strong continuation of the uptrend we have been seeing. If we look towards the left a bit, around the price range of 3520 to 3560 ETH USDT has seen a strong resistance. Since ETH has now reached this key resistance area, I'm now looking to take a SELL entry if there are objective signs of reversal. In the 15 MIN time frame ETH has formed a double top, followed by a bearish engulfing candle, which gave us the SELL entry signal at 3510, I missed this price and could enter at 3521 Key resistance zone: 3520 - 3560 As this is a trend reversal trade please manage your position size accordingly as there is a higher chance our stop loss will get hit. Entry - 3520 Stop Loss - 3554 Take Profit - 3450 Will keep you posted on the progress of the trade. What do you think? Will the market reverse at this point? What's your outlook?
Short
by Nihanth_Aglogains