AUDUSD SHORTCONFIRMATIONS
- I highlighted in purple the areas and times where price has reached my ascending trend line and rejected price.
- Placed my stop loss a little higher than its previous high.
- The dollar(DXY) is possibly consolidating but overall bullish so that's essentially working in confluence.
- Price has hit my fib retracement at the golden 618 zone, which is a sign price could reverse at this point.
- Set my take profit a little above my -27 extension.
- I haven't entered the trade yet. I might wait until price goes under my 50 moving average, then id have to adjust my stop loss and take profit!
Movingaveragepriceaction
#AAPL BUY POSITIONCONFIRMATIONS
-Noticed & highlighted each higher high. To show myself the clear trend.
-SVP produced a new session signifying to me that trading with the trend would most likely result in a buy
- 50 MA is now under price
- I found trade around 12:00 noon
- Price is closing above the open
- Dint't use any news for this prediction i just went based off straight market analysis.
- If you draw you're fib from bottom to top you will see price bounce off of the 38.2 mark. Leading profits to the -27.00% extension
BTCUSD weekly (06/07/2022)Today we are going to see the extended triangle model that is forming the price of the BTC /USD pair in weekly candlesticks, below of the pattern we have left the acclaimed 200-period moving average (200MA), one of the most important resistence on the bitcoin cycles, we are below that resistence but only temporary. RSI in addition touches on the relative outside lows (oversold). Last cycle ATH is making furthermore a Buying level.
A possible trend change is coming around that leves in the next weeks/months.
Remember that it's very important to have liquidity for these macro-scale price action zones.
I hope that this analysis will be of great help to those who doubt about entries in these areas
;D
BTC: EXCLUSIVE LONG TERM UPDATE! WHEN BULL MARKET STARTS?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. In this BTC update, I'll try to clear all your doubts. This chart is purely based on fractals and previous data.
So let's start.
First Bull Cycle:- First bull cycle of BTC starts before the first BTC halving which is in 2012. After the first halving, BTC made a top of $1k in Nov. 2013 and after that, a 1 year correction period starts.
Second Bull Cycle:- Second bull cycle of BTC starts before the second halving which is in 2016. After the second halving, BTC made a top of almost $14,500 in Dec. 2018 and after that, the same 1 year correction period starts.
Third Bull Cycle:- Third bull cycle of BTC starts before the third halving which is in 2020. After the third halving, BTC made a top of almost $69k in Nov. 2021 and after the month of Nov. 2021, we saw a continuous drop in the price of BTC.
Fourth Bull Cycle:- So according to the history, this correction period till last Nov. 2022 and after that, we will see a bullish rally in the market where the top is around $2,50,000.
According to the above analysis, our first doubt (when bull market) will clear. Now the second important question is what can be the bottom of this correction?
As you see in the chart a yellow MA which is a monthly 50MA act at the bottom of every cycle. So according to this theory, the bottom of this cycle is around $21,300 but that does not mean we did not go below that we might see a wick below the 50MA and that is the best buying opportunity.
Conclusion:-
BTC bottom is around $18k-$22k
The bull market starts after Nov. 2022
Hope after reading this whole update all your doubts will clear. If still have any then you can ask in the comment section or you can also share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
S&P 500 Dead Cat Bounce has Legs?The CME_MINI:ES1! is at a pretty interest juncture from a technical standpoint, with confluence at the 50% Fibonacci retracement and April downtrend under pressure
A convincing upside break here could precipitate a push to challenge another key area of confluence with the 100-MA and 61.8% Fib retracement, and psychological resistance at 4,300
June Week 2: EURGBP Long-term trend signal!Hi friends, I hope y'all had a fantastic weekend ;)
Today, we have possible long-term bullish rally on this baby. I kind of doubt the trade but looking at how the correlating pairs that have GBP as a base currency behaved (by bearish dropping in the previous weeks) instilled faith in planning to take this trade with you guys. Before we do that, lets take a look at how the bulls and bears might behave in triggering and dis-confirming this trade.
Bulls: -If the price bullish breaks and retests the Weekly Neckline 2/ 4th Weekly Key Lvl and 200 m.a (that's visible on my MT4 chart), that will
trigger our trade signal that I call a Double Bottom A-E.2 signal, and the price will rally for the patterns L1, L2, L3 together for the short-
term m.a's trend that will probably end on the last take profit point.
Bears: -If the price bullish bounces off the Weekly Neckline 2/4th Weekly Key Lvl and 200 m.a with a bearish reversal candle pattern close,
before or after taking the trading, that will tell us that the price isn't ready to rally to the last take profit point, and instead it will signal
a drop to our stop loss key level.
That's it for today. I hope you found value in this. If you have a different perspective, feel free to share it in the comments section, I'd love to know your thoughts on this pair!
Stay Blessed,
Doji-2k1
US30 Possible Buy OpportunityCONFIRMATIONS
1. Market could possibly look at becoming a bull run again. I usually don't trade on reversals but I'm feeling confident about this one.
2. I believe price is going to test resistance at 34026. After how the candlestick closes when that happens I will have a better chance of knowing if US30 is back on the bull run.
3. Waiting for price to hit my fibonacci retracement at at 50.00% or 61.80%
4. Looking for the following candle sticks. Doji, Shooting Star, Hammer
5. On my 50 Moving Average, price just touched so I have a feeling my buy opportunity will come very soon.
6. I think the odds of price testing support are very low, In previous data this was at one point another support besides the one I drew on 32307.
7. I will be using a 0.03 lot size.
8. This post it will show my 4hr time frame however i'm looking for entries on my 30min and 1hr.
bitcoin low tf analysislow tf analysis is showing a near term down,
1. within 170 - 200 band
2. anti-Gartley
3. previous wicks filled
4. fisher hyper extended
PA doesn't say immediate down, but the 4 aforementioned "indications", say otherwise.
"Is Bitcoin’s price recovery being supported by Lightning Network’s growth" - ambcrypto.com
if this is true, btc will have to "re-adjust" its levels, aka it'll go down/
Near term down, imo.
US30 have sellers made a statement yesterday?Good afternoon/good evening, TradingView community.
Today's video is about the US30. We're asking the question, has a new continuation started? In our video analysis, we run over things we are watching and things we would like to see to give this idea confirmation.
Good trading and thanks for watching.
CADCHF | BULLISH trade OPPORTUNITY 🚀- CAD/CHF is trending towards the upside on multiple time frames following moving averages.
- We are seeing a bullish engulfing candlestick closure on the 4-hour chart, and an inverted hammer pattern on the 1-hour time frame, indicating buying pressure.
- The overall trade setup, has the potential to reach around 100 pips because of a potential monthly resistance re-test.
EURJPY Break & Retest Structure SHORT!Welcome back! Here's an analysis of this pair!
**EURJPY broke daily structure and now the pair is retesting previous broken support which will become resistance. Price is also rejecting off the 50 MA. SHORT! Targets 133.98, 133. 64, 132.95
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
NZDCAD | BEARISH trade OPPORTUNITY 📉- NZD/CAD has a nice overall move towards the downside on multiple time frames.
- We are seeing bearish pressure on a recent bearish engulfing candle formation on the 4-hour time frame & it made a new low on the 1-hour.
- There is not much big news today that might have a huge impact on the overall trade direction as hedge funds are still showing that NZD is being sold off.
BTC: MORE DROP INCOMING??Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. BTC is still not stopping and dropping continuously.
According to the weekly chart, every time BTC breaks below 100MA it is going to test the 200MA. Last two times in 2018 and 2020 BTC breaks below 100MA and both the time we got the reversal after hitting the 200MA so we can expect the same this time also. This time 200MA is around $21k so that might be our bottom.
Also, if you look into RSI then you see in 2018 RSI is goes near to the 30 level so when this time RSI goes around 30 we get out bottom and after that there is only up season.
Do not take much stress now we will overcome from this crash. Once market gets stable we will earn a lot again. Just don't give up. Stay in the game and you will make it again surely.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
BTC Weekly Chart - MACD + Elder Force Index + RSIIn my analysis, I have used a logarithmic scale on the weekly BTC chart.
First of all, I want you to pay attention to 200 days of Moving Average Exponential it is very close to the current price of BTC at the $26976 level. With all the inflation rate that we got today 8.3% plus 50 basic points monthly raise will continue we can expect that price could test this 200 days EMA.
Also, we can see the fighting between bulls and bears for the $30000 level right now in real-time. In my opinion, it will be good to see a test and after that retest that will create a double bottom technical figure with a shape of W. Of course, bulls will try to defend this level as much as possible. It is a potential place for opening a long position.
Let's discuss the MACD, Elder Force Index and RSI indicators:
On the chart, you can see two ATH - the first one on 12 Apr 2021 ($64956) and the second one that was a little bit higher on 08 Nov 2021 ($68976), but the indicator shows us a bearish divergence that was an urgent call to start closing long position and think about short one. What's more, you can see on the diagram that it shows that the power of acceleration is dropping down and the same result occurred on the Elder Force Index - force was decreasing.
RSI was showing the same exact picture of bearish divergence as MACD. All three of them just powered each other which helps us to build a strong basis that soon will be BTC correction or even a bear trend.
Now is it time to speak about both corrections that happened on 17 May - 19 Jul 2021 and 17 Jan 2022 - 21 Feb 2022, there was bullish divergence on MACD and RSI, but not on the EFI that clearly has shown that we should be careful and watch out for the bull trap and it happens on the $48000 level.
Now the last downtrend movement has unveiled both bullish divergences on MACD and RSI.
At the present time, we have a bullish divergence on the Elder Force Index, but for me, it is not a leading indicator but more a tool that helps approve the other two indicators.
RSI shows us that it moves to the lower zone which indicates that BTC is oversold. I also depicted the Covid dropdown (09 Mar 2020) on the RSI it is on the 33.53 level, actually, at the current level and even deeper downside movement - 28.86 level (10 Dec 2018) when was the bottom of the bear market.
MACD's diagram indicates that two previous downtrend movements were more powerful where whales were selling their bags, otherwise, you can see that diagram became smaller and smaller each time, for me, it shows that price got pressure from the overall world economy and the U.S. itself, but not from the whales that still accumulate more BTC coins.
May the profit be with you!
AMD Bullish outperform on the Horizon? Higher Actual Earnings?!?AMD has a History of outperforming Earnings Estimates. I believe this provides Stark Fundamentals, in order to support the TA Case for a reversal to the upside:
> Q1 2021 18% higher than expected
> Q2 2021 16% higher than expected
> Q3 2021 9% higher than expected
> Q4 2021 21% higher than expected
With the above earnings in mind. The last 4 Quarterly reports provided an average of 16% out performance for Actual over Estimated earnings.
I have become very Bullish on the Fundamentals of AMD. A company in which, I and other already consider to have stronger Financials that Nvidia. (Also bullish on NVIDIA - just more for AMD)
Even with the "Ukrainian Heroic Freedom War" effect on the companies earnings, I would expect a slight out performance to repeat.
>>I have all the earnings dates laid out with the Vertical lines<<
Technical Analysis
I believe that the Green Horizontal line, which has been substantial resistance, support, resistance and now Support. Will be the foundation for a reversal to the upside. The Tech Sector, more particularly AMD, is at one if not the most Oversold level(s) in the companies History. One must only look at the distance from the Moving Averages to see this. My Quantitative models have highlighted this as one the three most attractive equities at present on My Radar.
>>Alongside Riot Blockchain and Netflix<<
In my opinion, AMD is the most attractive from a combined Fundamentals and Technical Analysis Evaluation.
Having DCA over yesterday and today into AMD. I believe a significant short to mid term rally to the $130 range is possible.
> Supported by a bounce from the general market being oversold.
> Tax season selling finished.
> Rate hike news already over priced in the market. (Strong belief that most (not all) of the rate hikes are being used as a stick waved to slow the market and economy. Rather than a tool that will be used to brutally beat the economy into recession)
> AMD being significantly more oversold than the greater market.
> Long term pricing models, factoring earnings and industry growth would suggest a significantly higher price in the coming weeks/months.
>>Finally, don't lever up and keep some dry powder always<<
>>Keep the Long term in mind Chaps<<
This is my own opinions, analysis and a trade I am currently undertaking in my portfolios. This is not Financial advice purely my own Analysis and Research.
Will be sharing the TA modelled charts over the coming Days for those interested.
BTC- SYMETRICAL TRIANGLE IN PROGRESS !Once again, the magical Fibonacci retracement occured... Indeed, yesterday, the BTC filled its 50% Fibonacci retracement @ 40'340 (which is also by the way the KS and the 21 DMA ! (intraday being slightly higher @ 40'387)
Currently in a SYMETRICAL TRIANGLE IN PROGRESS .
BREAKOUT IMPLICATIONS COULD TRIGGER A MOVE OF + / - 3'099 pts !!!
TARGETING RESPECTIVELY (currently ) :
43'200 TO THE UPSIDE
35'100 TO THE DOWNSIDE
RECOMMENDATION :
WATCH ON A DAILY CLOSING THE POTENTIAL BREAKOUT LEVELS WHICH ARE, FOR TODAY, THE FOLLOWING. :
SUPPORT. : 38'200
RESISTANCE : 40'200
4 HOURS
Magical clouds too,,,
Currently still just above the MA 21 @ 39'400 and the Kijun-Sen @ 39'250
A failure to hold and stay on a 4 hours closing basis above the KS would be the first intraday warning signal, calling for further downside.
Please, also take note that a RISING WEDGE is now alive in this time frame (target 38'700)
1 HOUR (H1)
Currently supported by the hourly clouds support are which has already been tested twice (yesterday and a couple of hours ago today and as the thickness
of the clouds becomes very thin (twist) in a couple of hours, this support area should be seen as very fragile and a next breakout attempt will be difficult to be rejected...
Any comments or suggestions are always more than welcome :-)
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If the answer is YES, please to like it first and for those who do not follow me yet, please do not forget either to add Ironman8848 in your following list.
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Have a nice trading day.
Regards
IRONMAN8848 - Jean-Pierre Burki
AUD/USD looks strong to go down.Hello traders & Happy Thursday! :))
The AUD/USD looks good and it's trending towards the downside on multiple time frames. We are seeing a bearish engulfing candle formation on H4. On a weekly TM, the price crossed both moving averages, indicating bearish power in the market, and a new low was formed on a 1-hour chart. has been sold off by the hedge funds, so the overall setup looks very bearish.
JICPT| Bullish setup of Now on sideway structureHello everyone. Now has got my attention as its price approached the bottom of the range, followed by a series of bullish candle sticks.
On the weekly, it's rebounding from the long-term MA.
On the daily, it's leaving the bottom area with $546 and $592 served as supply level.
What do you think? Give me a like if you're with me.