Dailychart
USD/CHF could get less interesting than EUR/CHFHey tradomaniacs,
I`m currently waiting for the FED to give the market more fundamental impulses.
Looking at USD/CHF we can see that price is not really trendy, instead volatile within a cotnraction and weekly support-range.
As mentioned before in my NZD/USD analysis, we need to see how the market reacts to a potential tapering.
In case of a hawkish turn, we might see more USD-Strenght. In case of a shocked stock-market, we might see a cashflow into safe heaven such as CHF and JPY, which could cause choppy price-action as we get to see
CHF and USD strenght. In this case it would be way more interesting to SHORT EUR/CHF.
If FED dissapoints and we get more USD weakness, we might see more risk-on and so a falling USD/CHF.
Let`s see! :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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NZD/USD testing a key-support-zone!Hey tradomaniacs,
I`m currently waiting for the FED to give the market more fundamental impulses.
Looking at NZD/USD we can see a secondary downtrend within a triangle which finds support at the wekly key-support-level.
Triangles are always tricky due to lots of fakeouts but also breakouts against the actual trend, which is according to the textbook, not usual since the triangle is a trend-continuation-pattern.
NZD/USD will be very tricky because we don`t know how equities are going to react to a potential tapering.
We could either see cashflow out of stocks more into bonds due to higher exepctations for rate-hikes in the future, or cashflow from value into growth and vica verse. (Other sectors would become more interesting)
If we get hawkish tones by the FED, the US-Dollar will go up against the NZD.
The frist scenario would cause risk-off and so less demand for the New Zealand Dollar. If NZD falls and USD rises, we could see a strong breakout to the downside.
The second scenario could cause a less volatile NZD/USD, but still with uncertain moves due to a strong US-Dollar.
I overall think stocks are overheated and this rally is based on liquidity that has been provided.
Let`s see! :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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#XEM, Is this an easy +11% profit opportunity?A quick look at NEM (#XEMUSDT, 1D, Binance):
Price is on the rise, it retested support at $0.1806, and looks like an easy run up to the next resistance at $0.2229. At the time of writing, that would be a +11.58% profit.
If it breaks the next resistance, would be at $0.2691.
Strategy
TP1: $0.2229
TP2: $0.2691
If you want to read more about NEM on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
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Some of my charts represent actual trades, and some are just paper trading.
Needless to say, this is not financial advice!
#CAKE, #PancakeSwap is approaching resistance: potential +24%!A quick look at PancakeSwap (#CAKEUSDT, 1D, Binance):
According to CoinMarketCap, "PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return." The token registered an impressive +98% gain over the last month, following the trend of the overall market.
Main Points
Price approached resistance at $21.17. If it flips it to support, price could easily head to $26.28 for a +24% profit.
If rejected, closest support level is at around $19.
Strategy
If price breaks the resistance (wait for confirmation) :
TP1: $26.28
SL: n/a(*)
If you want to read more about PancakeSwap on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
(*) I do not use Stop-Loss for the simple reasons that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash.
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Some of my charts represent actual trades, and some are just paper trading.
Needless to say, this is not financial advice!
Breaking to the upside:downtrend since April ATH close to an endIn approximately 80 minutes from now Bitcoin should close above the the trendline(41750$) of the daily chart that has kept prices lower in a mid term downtrend since April 13, 2021 ATH (64.7k)
once the 200 daily SMA(44780$) will have been cleared Bitcoin will light up the engine to fly a new ATH and beyond. a 6 digits is still possible and likely by the end of 2021. if that fails 2022 will almost be a certainty
USDCAD moving lower 🦐USDCAD on the daily chart is testing the monthly support at the 1.24 level.
The price seems lost the strength of the last bullish impulse and IF the market will break below and satisfy the Academy condition, we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
AUDNZD a move the next support 🦐AUDNZD on the daily chart after the test of it closes the week below the support at the 1.05500.
During next week, we will check the market open at the beginning of the new month and, according to Plancton's strategy we can open a nice short order to the next support level.
-––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
BTC Bull Flag Daily ChartA potential bull flag has formed on the daily chart for BTC. What's important now is determining where the bounce will be.
I will be looking for a daily candle to create a new high before treating this pattern like a bull flag.
While looking at the Fibonacci set up, it is possible to see BTC bounce at the .382 Fibonacci level ($37,569).
BTC - All Aboard!BTC is looking juicy and ripe for a really good Kumo breakout, the beginning of a new trend. We may see the price pullback over the next few days to get closer to equilibrium/Kijun-sen and then finally break out to the upside as it exits the cloud. Weekly looks good as well. There's the possibility of price riding the cloud as it moves up and the weekly is in bullish territory already so the bias looks great. I've already bought some BTC a few days ago and will probably buy more over the next few days or so. Even then, need to re-evaluate your plan every day and not blindly buy because of price pullback. Listen to the markets, and they'll tell you when to buy or sell.
Bitcoin Analyze ⚔️2018 VS 2021⚔️Hi, I have come back again with another Competition , please pay attention to my chart ( BTCUSDT-2018-2021 ) and answer me, first , How many Similarities do you see in my chart? If you answer true, I will send you Airdrops 😂.
Second , Do you agree with me or not !? 🙏
For more info, Please visit my post 👉https://www.tradingview.com/chart/BTCUSDT/vcNphXFB-Bitcoin-Analyze-Descending-Channels-Gartley-Patterns/
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅ ' like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
XAUUSD ANALYSIS - Where we areOn the daily chart we clearly see the break and retest of the minor trend line. Also, we can see the “SL hunting” by market movers. However, we still see the clear impulse correction and then we (I) are still expecting to see the second phase of impulse to create the lower low. We can also see the retest of the orange long-term trend line and we have rejected nicely to the downside.
I personally think the ultimate short term destination is the blue long term trend line.
On the 4hr chart there looks to be a resistance at 1812.80 where price broke above and retraced back under.
On the 1hr we see the break and retest clearly. This could be the beginning of the impulse to the next lower low.
Note: there is an existing and strong support at 1791.50. will be watching how price reacts at this level to exit, continue or change my bias.
On the flip side,
This is gold, it can move on higher based on news reports.
Trade with caution
EUR/USD Tehnical Analysis for Today Will be Updated Stay TunedPurple Line = Daily SNR /Trendline
Red Line = 4 Hour SNR /Trendline
Orange = 1 Hour SNR /Trendline
Will be Updated During the Day Stay Tuned
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This is not an investment advice.
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