Hi everyone: Similar bearish bias across the market, and here on ETH is also showing good price action for further continuation downside. From my previous forecast/analysis from late November 2021, we forecast the possibility of the bearish reversal price action. We then see price indeed impulse out of the higher time frame ascending channel, and sharp move...
Hi traders: Also looking at CADJPY for bearish reversal opportunities from multiple time frame point of view. We can see price has hit a higher time frame double tops, and it start to develop into a rising wedge correctional reversal. As price gets squeeze into a consolidation on the lower time frame, it start to show signs of further bearish price...
Hi everyone: Here on AUDUSD, there could be some good bearish price action that can develop to give us some selling opportunities soon. We can see the overall price has been rather bearish, with impulse phases follow by correction phases. The latest development shows us a potential continuation correction after the latest impulse move, so be a good idea to...
Hi Traders, NZDCAD has been moving within a LTF descending channel which we got a breakout and now forming a correction. This could be an indication price may move higher to the upper boundary of the HTF channel or price could simply fail to push higher and drop down back into this channel. Watch the price action before finding an entry, make sure follow your...
BINANCE:AVAXUSDT has done the correction wave at 53. AVAX is coming back to the race, go up to 128. Let's see: AVAX has been progressing the impulse wave with 4 waves which has done. Time will tell.
Hi Traders, AUDUSD has been rising correctively which we came to a key level forming a double top. Good indication that price could break out of this channel forming a CAB entry. I am only interested in this if an impulse breakout occurs then I will watch out for a 5-6 candlestick correction to validate this sell. Follow your plan and analysis! Good...
Could we be seeing a possible scenario where we end up lower before we move higher? Hmmmm
Bearish view still very much intact yet after EURO pushed up higher a few weeks ago, but clearly failed to break the descending channel's upper trendline. With the RUSSIA - UKRAINE crisis predicted to HIT the EUROZONE hard, we could see the safehaven currencies such as CHF, JPY & USD appreciate Vs the EURO. Based on this technical and fundamental analysis, we...
AUDNZD on the 4h chart is moving at the top of the trend in an ascending channel. The price after the attempt to break the upper trendline melted below for a test of the lower support trendline over a daily static support area. How can we approach this scenario? We will wait for the break of the confluence zone and after that, we will check for the application...
Hello everyone, if you like the idea, do not forget to support with a like and follow. DAILY: Right Chart NZDCAD is sitting around a strong resistance in green so we will be looking for sell setups on lower timeframes. M30: Left Chart NZDCAD is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to...
As we said before the price is near major support zones and we are looking for at least a local pump here: Price break last local resistance here that was channel resistance and after a valid retest here or with high volume as confirmation of breakout we can expect more pump to the targets and take profit points that are mentioned on the chart. <>
There is an RSI/MACD divergence on both day and week timeframe. I anticipate visiting the bottom side of the channel (14) following by a growth to 18. There can be such a bouncing within a channel for some time before a trend reversal
BINANCE:ETCUSDT If you are looking for a good trend, one of the good offers is definitely this currency
BINANCE:ETHUSDT We had a good move exactly according to the previous analysis Which has grown by 6% so far and is close to the first ceiling
Usdjpy, the movement still now inside the channel so it’s possible to continue their downward inside the channel. Downtrend Entry under 115.15 Tp.: 114.72 & 114.20 & 113.85 Sl.: 115.27
As we can see price break resistance of the descending channel here to the upside and after valid retest here or soon with high volume as confirmation we can expect the pump to the targets mentioned on the chart. Notice: only if the green support zone here breaks the market is bearish. <>
AUbank broke out of descending channel & trading above last 3 sessions high with decent volumes. Could be bought with mentioned stoploss & targets.