ETC before the correction!?ETC found strong resistance near $47.
I am expecting a correction here through $28.50 – 23.00.
If holds, that’s a good level for longs
Pullback
NZD JPY ANLAYSIS NZD JPY
price action
break out
pullback
support and resistance level
supply and demand
BNB Analysis ✔BINANCE:BNBUSDT
BNB can continue to grow if the price channel is broken
then we can take long position in price pullback.
EURUSD without a clear directionEURUSD is still trading sideways without giving us any good trading opportunities.
This happens quite often on this currency pair and in periods like this, we would rather trade something else.
We need to see how it's going to react to its resistance and is it going to reject it again.
We will be looking for selling opportunities but before that we have to wait for confirmation to do it.
Meanwhile, we're still looking to trade the JPY cross pairs!
EURUSD post FED Yesterday, FED hiked the interest rates to 2.5% but that didn't lead to increase in USD.
Those expectations were already played out and we even saw price dropping.
We are still trading sideways and we're yet to see if price will have enough strength to break the resistance.
Right now, we won't trade the EURUSD because it looks like there's not that much momentum to the upside but at the same time it's still early to sell.
It's probably best to focus on the cross pairs where we may have better opportunities!
✅NZD_USD MOVE DOWN AHEAD|SHORT🔥
✅NZD_USD is going up now
But a strong resistance level is ahead
Thus I am expecting a pullback
And a move down towards the target
SHORT🔥
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BTC short term pullbackAs we can see in the 1h timeframe, Bitcoin made the same candle pattern (evening star) with a trap above the trendline. Also Tesla sold 75% of bitcoin holdings and FED reunion 27/07, so there are reason to be bearish now.
Target:
1) 21500
2) 20750
EURUSD before FEDToday we have FED Interest Rate decision, the most important news right now.
A strong USD is expected but in order to make an entry we need to see some confirmation.
The main scenario is a move up at first, price collecting some SL orders and then leaving a rejection wick. This will give us a chance to sell.
This is only one way to take advantage of the situation today. We don't recommend trading before the news!
ITMG - PULLBACK BUYI bought the stock yesterday on accidental buy as I wrongly input my buy order.
However, today is a very good example of a pullback buy on low cheat.
ETH heading strong resistance and good support levelshello all
i think we breakout from a range area and surpass the 1280 resistance.
now we reach 1650 resistance and the market react to it.
so i think we have a pullback to 1300 area and after that toward 1650 again
and repeatedly react to 1650 resistance and after that will go for 2000 resistance.
also maybe we have a 50% correction of this impulse wave that shows the 1300 level too.
Etherum has good fundamentals according to merge upgrade.so this targets are reachable
in coming months.
share me your opinion in comments.
Showcase: A quick trade on e-mini Dow Jones (YM, 25 July 2022)I recorded the video abit late:
There was a nice pullback formation earlier and if you look on the left side of the chart, you can see the price was on downtrend before it made a reversal with high vol. (indicated in the video as SO, which is actually an SP based on the bar characteristics).
I did set my EP at 31282 but the price volatility caught me off guard and I emotionally entered on market price. Eventually price went down to capture my earlier EP level before continue moving upwards.
We managed to exit with 25pts profit for holding of less than 10mins. This shows that having a proper background and entry on Pullback would yield a good return; bear in mind that in Futures, you need to enter in and out quickly.
Next move on EURUSD pending This week we're about to see the FED Interest Rate decision.
This will most likely cause some moves and bring some trading opportunities.
On EURUSD we could expect that to push price above 1,0278 and take it up to our sell zone.
That's where we will look for possible short positions.
The target will then be a breakout below 1,0000!
NASDAQ Short Term DropNASDAQ is looking bearish for the rest of today and tomorrow. I believe this drop will only be a pullback and not anything more.
This is not financial advice.
Remember to DYOR!
Summer BTC Movement Scenarios (End of Summer Rally ?)Hello everyone,
I would like to share with the community my first analysis ever. First thing first I am in the process of learning, so all the feedbacks are more than welcome.
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Let's start,
I have been watching BTC movement very closely more than ever this bear cycle. Even more so as we are more likely to enter a recession cycle within the next 12 months. Not to mention the disastrous world economic situation resulting in the spiking inflation rates, the devaluation of USD and the worst of all: Oil crisis.
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July 13
After BTC started its rally to "summer moon," a sudden reversal in trend formed a wedge on the Jul 20 by a reversal in trend caused by Elon Musk's BTC announcement (short).
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Jul 22
BTC price started to show premature signs of what seemed to be a regular range movement upward to retest the wedge resistance (yellow) in a natural accumulation pattern to break upward (as the wedge initially formed in an already developed up trend).
But things didn't not go as expected.
The first red flag was that when retesting the support, the price started consolidating longer than usual near the support area then quickly rested the closest resistance before reversion as quickly downward to retest the same support again.
In other words, the consolidation happened suddenly for an unusual length of time (breaking the ranging pattern). All this, oddly near the support area.
It seems to me like a failed bull trap (as buyers did not bite in) - Let me know what you guys think ?
Next thing you know the BIG DUMP (breakdown) that we all witnessed a few hours ago.
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To conclude this mini crash broke this short term rally as you can see on the chart I shared. Will it rally ? Will it pull back and bring us to the price levels before July 13th ?
All in all, The next days will tell us for sure.
The 2 decisive Macro factors will be:
1) Retail sentiment / Adaptation to this breakdown or upcoming breakdowns if there will be.
2) Big NEWS / Breaking News. Bullish or Bearish.
As per my TA:
I foresee that we will be pulling back one way of another towards the 21.6K in the short-term. Retesting the 19K resistance in the mid-term.
Thank you for your time.
Please leave a comment, any kind of support will be appreciated !
Your Truly :)
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DISCLAIMER: THIS IS NOT A FINANCIAL ADVICE.
These are just my own analysis and ideas about the current market.
I am not a professional financial advisor.
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long GU pullback strategy we saw GU break out of the trend to the downside and create new highs so we looked for price to pull back down to our key area of support and looked then for a break of structure to the upside with stops below our other support zone
risk 1%
EURUSD after ECB Yesterday we saw temporary rise in the EUR due to the higher interest rates.
Next week is FED's turn!
It looks like the market will wait for that event as well to create a clear direction.
Right now, we shouldn't be selling but we're actually expecting a continuation up.
Once we see a breakout below 1,0150, then we can start considering short positions.
Atom at crucial resistance. What to do!?Atom is approaching the 1st crucial resistance zone between $11.19 - 12.50 and a pullback is likely to occur there.
The next important resistance located near $17.30
To go long wait the pullback or the flip of $11.19 - 12.50 zone, so you have greater probabilities for profit.
EGLD/USDT expecting a pullback before the OPPORTUNITYEGLD is currently one of my favorite picks. At the same time, price is not very attractive for buyers, and I am waiting for a relatively strong (12-17%) pullback before taking the buying opportunity.
TRX/USDT - waiting long-term buyTrend starting to turn bullish as for multiple other altcoins. Yet, pullback would be ideal for a good risk/rewards buying opportunity. Waiting....
pullback at 55 Ema, after that will bounce down pullback at 55 Ema, after that will bounce down, to keep going down deep. be careful
The rise on EURUSD has not finished yet The pullback on EURUSD continues and it's now moving towards 1,0360 where we may also see higher values than that.
Tomorrow the ECB will announce the interest rate and this will be a suitable moment to see price at our expected levels.
We will be selling this pair only after a confirmation!
The pullback on EURUSD continues Yesterday, we saw reaction at 1,0200 followed by rejection.
It looks like this pullback will have enough strength to continue around 1,0360 which is the 61,8 Fibonacci level on the last move.
Once we see the market trading around those levels, we will look for further sell positions.
Don't forget about the ECB interest rate decision that comes out on Thursday. That will most likely cause some extra volatility on EURUSD!
EUR ATTEMPTS TO RECOVERLast week EUR pairs experienced strong bearish pressure dropping to respective strong support levels.
Eurjpy has played out a double bottom pattern and RSI bullish divergence on the support level suggesting a pullback is about to happen.
EURUSD bounced on the support level and printed a rejection candle on the daily timeframe.
EURAUD displays similar dynamics attempting to pullback.
All these suggests the EUR might make recovery attempts in the coming week.
Look out for entries on lower timeframes with proper risk management.
