We are short on BTC/USD , As we are expecting a CorrectionSell at current Price, With a Stop at around 43000 , For an objective of 41200.
Fxtrading
EURUSD rebound appears elusive below 1.0930EURUSD floats above 100-SMA on early Monday, after posting the first weekly loss in three. However, the quote remains well below the key resistance confluence surrounding 1.0930, which comprises the 50-SMA, the bottom line of a monthly bullish channel and a downward-sloping trend line from November 29. It’s worth noting that the RSI rebound from the oversold territory allows the Euro pair to lick its wounds but the bearish MACD signals and sustained trading below the key upside hurdle keep the sellers hopeful. Even if the quote crosses the 1.0930 resistance, a fortnight-old rising trend line and the stated channel’s top line, close to 1.1050 and 1.1130 in that order, will test the pair buyers.
On the contrary, the 100-SMA and a 13-day-old horizontal support zone, respectively near 1.0870 and 1.0830, restrict the short-term downside of the EURUSD pair. Following that, the early November swing high of around 1.0750 will act as the final defense of the Euro buyers before opening the door for the bears to aim for the October swing high of around 1.0670. In a case where the quote remains bearish past 1.0670, it becomes vulnerable to drop towards the previous monthly low surrounding 1.0515.
Overall, EURUSD bears are in command despite the pair’s latest consolidation. However, the RSI conditions and this week’s US jobs report will be crucial to watch for clear directions.
EURUSD licks its wounds with eyes on ECB’s Lagarde, Fed’s PowellEURUSD portrays a corrective bounce from the weekly low, snapping a two-day losing streak, as the pair traders await speeches from European Central Bank (ECB) President Christine Lagarde and Federal Reserve (Fed) Chairman Jerome Powell, scheduled late Friday. In doing so, the Euro pair reverses pullback from a five-month-old horizontal resistance as the RSI (14) line returns to normal territory after a brief move in the overbought region. However, the bearish MACD signals and failure to cross the key resistance area surrounding 1.1010-1000 push sellers toward a 50% Fibonacci retracement of the July-October downside, near 1.0860 at the latest. It should be noted, though, that a convergence of the 200-SMA and previous resistance line stretched from late September, close to 1.0820-15, appears a tough nut to crack for the pair bears, a break of which will enable them to poke the mid-September peak of near 1.0700.
Meanwhile, the late August swing high of 1.0945 and the 61.8% Fibonacci ratio of near 1.0960 restrict the immediate upside of EURUSD. Following that, the aforementioned resistance region surrounding 1.1010-1000 will regain the market’s attention. In a case where the Euro buyers manage to keep the reins past 1.1000, the 78.6% Fibonacci ratio of around 1.1000 will act as the final defense of the bears before directing prices toward the yearly high of 1.1275 marked in July.
Overall, EURUSD is likely to stay pressured but the bears shouldn’t be hopeful of further downside unless they witness a sustained trading below 1.0820-15.
Reversal Chart Pattern: WedgeWhat this chart pattern shows us is a loss of trend strength and a deceleration in price movement.
The most achievable projection for setting our take profit will be the maximum width of the pattern, which occurs at the beginning of it. Alternatively, you can take the level that marks the start of the correction as a profit-taking point.
As for the stop-loss level, it will depend on the type of entry made in the trade, whether it's a high-risk entry or a reduced-risk entry.
(Like any other pattern or indicator, this one provides a signal of a possible market move. Therefore, the greater the number of confluences, the higher the probability that the observed scenario will occur). 💼💹 (🇮🇳)
USDCHF - Selling OpportunityUSDCHF - Selling Opportunity.
Analysis Timeframe: 1D.
Selling opportunity on USDCHF if we observe price confirming a downward breakout of the chart pattern with a strong candle. Our profit target will be set at the last low before the formation of the mentioned pattern. As for the Stop Loss, we will place it above the fast-moving average acting as resistance. (🇮🇳)
USDCAD - Selling opportunity (Part II)USDCAD - Selling Opportunity (Part II).
Timeframe of the analysis: 4H.
After the first analysis on USDCAD with double Take Profit and having already achieved the first one, the price has formed a bearish continuation pattern that we hope will break in the next move and take us to the final profit-taking point.
EURUSD - Buying OpportunityEURUSD - Buying Opportunity
TF analysis: 4H.
Buying opportunity in EURUSD in the event of seeing the price confirming a false breakout of the chart pattern it was in, while also rejecting the moving average acting as support.
Candlestick pattern: 1 Hour RetraceThe 1 Hour Retrace pattern is a candlestick formation with great potential for success and strength.
This pattern originates after a false breakout of the level in which the price is contained, for example, in a channel.
The beginning of this pattern occurs when one of the candles breaks outside the levels that contain the price and, subsequently, the next candle forcefully returns inside the pattern, closing within it. This indicates a false breakout and that the new price direction was incorrect.
The stronger the candle on the return, the higher the probability that the price will swing back to the previous levels before the false breakout.
Candlestick pattern: Bullish Triple FormationThe 'Bullish Triple Formation' is a pattern in which two large bullish candles appear, separated by three small bearish candles. These three bearish candles make new lows and are contained within the body of the first large bullish candle. This pattern occurs in an uptrend and is interpreted as a correction of the trend after an upward impulse, indicating a potential continuation of the bullish movement thereafter.
It's important to note that this pattern may have variations, as instead of three candles correcting the first large bullish candle, there can be two or more than three.
The reliability of this pattern is high; however, it is still a single signal that should be accompanied by others to increase the probability of success in our analysis.
Metrics: Expected Value (EV)Expected Value (EV) is a statistical concept that indicates whether our trading system or strategy will yield positive, negative, or neutral results in the medium or long term. It is based on previous results. As we know, past performance does not guarantee future results, but it helps us get an idea of how it might work and allows us to base our decisions on objective terms.
The formula for calculating Expected Value (EV) is as follows:
Expected Value (EV) = (Win Rate * Average Win) - (Loss Rate * Average Loss)
When interpreting the result, it indicates whether you will gain or lose in the medium or long term per unit of currency at risk.
An example:
A trader achieves an expected value of 0.5 with their trading operations. This means that every time they risk 1€ in the market, they gain 0.5€ in profit.
AUDJPY - Buying opportunity.AUDJPY - Buying opportunity.
Analysis TF: 4H.
Waiting for the price to break the recent resistance level, where different signals converge, indicating a potential bullish movement.
Candlestick pattern: Confirmed HammerA Hammer candlestick is a single-candle reversal pattern that indicates a potential change in the trend direction.
These candles are typically characterized by a high or low that is significantly distant from the closing price, with the shadow being at least twice the size of the body.
Like any candlestick pattern or analysis tool, its reliability increases with the presence of more confluences or signals. Therefore, in this case, we choose to trade this pattern when the confirmation criteria are met. However, in practice, there may be other factors to consider that could influence the decision to enter or not enter a trade.
Additionally, there is another type of confirmation for this pattern. The most secure confirmation (but with less projection) would be to wait for the candle following the Hammer to close above it (in the case of a reversal to the upside). This would indicate that the rejection of continuing the current trend is genuine and that a change in direction is more likely.
USDCAD - Opportunity: Sell after chart pattern breakout.USDCAD - Opportunity: Sell after chart pattern breakout. Timeframe of the analysis: 4H.
We observe convergence of different signals confirming our strategy to enter a sell position. We place the Stop Loss at the last high and set two Take Profit levels, one moderate and another with a higher projection and longer-term.
VIX vs S&P500The VIX index (officially known as the Chicago Board Options Exchange Market Volatility Index), developed by CBOE in 1993, is calculated based on the implied volatility of call and put options on the S&P500; index (SPX) over a 30-day period.
The theory behind the volatility index is that if investors believe the market is going to decline, they will hedge their portfolios by buying puts (the right to sell an asset at a predetermined price before a specific expiration date). Conversely, if traders are bullish, they may not want to hedge against potential downturns. This index shows a negative correlation with the S&P500.;
When there is high volatility, the VIX reaches high values and is often accompanied by declines in the S&P500;, indicating fear and pessimism in the market. These events often lead to significant movements in the stock markets. Conversely, when the VIX is at lows, there is confidence in the market and movements are smoother.
Relevant VIX levels:
VIX<20: Investor confidence. Often coincides with bullish periods for the S&P500.;
2030: Increased investor pessimism or fear. High volatility and the potential for significant downward corrections in the prices of the S&P500; and major stock indices.
USDJPY Downtrend AnalysisTrade Analysis : Swing USDJPY Downtrend
Trendline analysis on USDJPY
Trend Identification: Swing Downtrend USDJPY.
Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points.
Price Behavior: Daily Bullish pullback with market structure.
Targets: T1 = 143.375, T2 - 143.00. Check for Entry and Stop-loss.
Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements.
Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows.
Conclusion: Based on the chart analysis of , USDJPY is Downtrend has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading!
(Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
EURUSD Swing Downtrend AnalysisTrade Analysis : Swing EURUSD Downtrend
Channel analysis on EURUSD
Trend Identification: Swing Downtrend EURUSD .
Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points.
Price Behavior: Daily Bearish pullback with market structure.
Targets: T1 = 1.6000, T2 - 1.0550.
Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements.
Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows.
Conclusion: Based on the chart analysis of , EURUSD is Downtrend has been identified. EURUSD is heading towards the 3-Month Low. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading!
(Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
USDJPY UPTREND SWING ANALYSISTrade Analysis : Swing USDJPY UPTREND
Trend analysis on USDJPY
Trend Identification: Swing Uptrend USDJPY.
Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points.
Price Behavior: Daily Bullish pullback with market structure.
Targets: T1 = 141.00, T2 - 142.500.
Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements.
Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows.
Conclusion: Based on the chart analysis of , USDJPY is Downtrend has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading!
(Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
USDJPY Swing Downtrend AnalysisTrade Analysis : Swing USDJPY Downtrend
Channel analysis on USDJPY
Trend Identification: Swing Downtrend USDJPY.
Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points.
Price Behavior: Daily Bullish pullback with market structure.
Targets: T1 = 139.00, T2 - 137.50.
Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements.
Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows.
Conclusion: Based on the chart analysis of , USDJPY is Downtrend has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading!
(Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
EU is really going down due to USD news and its gonna reverse...Next week will be the pump week for EU
This week was full of USD news and stuffs that effected badly for EU, This gonna reverse in next week and positive news for EU also coming
EURUSD is heading towards the Parity Level.Hi Friends,
EU is Bullish Retracement on 4hr time frame.
Daily, Weekly is Bullish Close. But, Monthly is on Still Bearish Trend pressure.
It may be Heading towards the 1.0000, above the parity level. From Parity Level there was probability of going Bearish/Bullish after the Break of the Structure.
Kindly, Trade with the Risk & Money management Rules. Thank you, Happy & Safe Trading.
EURUSD : Looking for Long Opportunity!EURUSD is looking for long opportunity. Because DXY is weak across the board. And this best time to get in to go for buy & make some decent profit.
GBPUSD, Weekly analysis, Nov 10-13Looking bullish after the post US Election stages, this week it expects to go to the price of 1.33 area,
