The prices broke the previous Lower High, a change in structure, after retesting the below price level, it will head higher, this should work, as a Higher timeframe is quite reliable.
The prices have given a very good rally in the past few days, I'm still bullish on crypto positionally, but we can expect some pullback to below levels, if the prices retest the below levels once again, we can see a fresh rally upside. So here's my prediction on Ethereum, just for educational purposes, not a trade idea.
the prices have still not broken the structure on the downside, so bullish price action can also continue, but we have reacted from a big supply zone, and if we look at the higher time frame, we are in the process of making LH and LL, so it can very well go downwards as shown in the chart, next week is going to be quite trending as some high impact news will be...
A good shorting opportunity is incoming in USDCAD, as the prices have broke structure, just retracing to 0.5 levels before another fall, can get a good entry over here with the target mentioned on the chart.
the prices are in the distribution, one last spike to 0.99800-0.99900 is possible, and then the 100 pips target can be seen on the downside easily, dxy is also compressing into a supply zone, looks like today's news at around 6 pm Indian standard time might give the impulse considering the news will be acting as a negative reaction for the dollar. Just a view, do...
on a larger timeframe, it grabbed liquidity from above levels and is in a strong downward trend, could easily give more than 100 pips in coming days.
GBPCHF is looking very weak, might give more than 100 pips on the downside, can be added now also
Short trade idea, price touched higher time frame supply zone and now heading for some minor correction to the previous breakout level. change in structure also confirms that.
The pair grabbed liquidity from above levels and headed downwards to the previous demand zone created but looks like we are going to cross that level of support and create a new low, but we have to wait for the price action to form, but a conservative short can be attempted with the targets mentioned.
The prices were grabbing liquidity from higher levels for a new low, but we will not consider big targets, we can consider a demand one as mentioned in blue colour which was a supply zone earlier
The market finally broke the previous high on 4H timeframe after a long time, can be looked on for entries at this point mentioned
Grabbed the sell side liquidity from lower levels, given the extreme negative situation given in the news due to inflation, it might rally now to around 1400-1450 levels before reacting from big supply zones, I might be wrong, just that negative inflow of news is much more and in this time, smart money wins. View invalidate below 1310 level support
Coming for a retest at a previous level where it took support since it broke down the support, will act as a resistance.
A very big short Opportunity can be taken on GBPJPY on retesting 154.500 levels, we can see a very big downside to levels 0f 146-147 soon, as on daily last 2 days seemed like a liquidity grab for it to continue lower.
as the downtrend continues, the prices came to upper supply levels to grab the liquidity and heading lower.
in my previous analysis, i shared a long setup but it is invalidated in 1H-4H timeframe, ethereum might be heading lower to around 1140 levels soon.
Ethereum looks bullish for next week, my targets are in the range of 1500-1600 supply levels.
Prices are accumulating in this range before a supply level and forming a bull flag kind of pattern over here, can achieve some small long target of 30-40 dollars from here before reacting from the big supply zone at 1400 levels.