MATIC {POLYGON} CRYPTOMatic (polygon) taking support at this level, he's moving in a channel and after taking support from there it will be happen to take best rally almost 50% before you taking your positions please get your own researches.
Channelline
Watch BTC closley ...Check out my last analysis about bitcoin, it gives you great vision about what's going on.
clearly there was an impulse wave as i counted in the chart and now the correction is happening but this but this correction is going to take a little bit more time to finish . I demonstrated a authentic supply zone in the chart. You can start buying when the downtrend got weak and there was a divergence in the RSI indicator
GBPAUD I Potential short from supply zoneWelcome back! Let me know your thoughts in the comments!
**GBPAUD Analysis - Listen to video!
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NZDCHFConsidering the pullback and the reaction to the middle range of the descending channel, I expect the growth to the top of the channel if the pullback is confirmed
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USDJPY M15 UPDATEUSDJPY seems to be losing some STEAM on this current uptrend, which is to be expected as we have gained some significant value and rather quickly since USDJPY hit its bottom around the 128 area.
Multiple tests of the upper channel trend line, and a consolidation of the price action give clues to the next move. A retracement and retest of the BOTTOM CHANNEL TRENDLINE on our h4 chart is very highly likely. Look for another rejection of the upper channel and subsequent bearish momentum candle for short entry.
ALTERNATIVELY, Swings can safely be resumed around the bottom of the channel, near the 133 zone.
Some traders MAY mislabel this pattern as a HEAD AND SHOULDERS, although the structure is similar, labeling this pattern as such can cause confusion as the price action could easily retest and return to the top of the channel. NECKLINE of a "potential" Head and Shoulders pattern has been drawn to illustrate the break of the neckline and the invalidation of said pattern.
Remember traders, keep it simple, trade what you see, dont over analyze
FCPO To da moon?Based on Wyckoff's schematic, this is the accumulation phase after markdown. We identify SC and AR. Now it is just away from the ST level...
The new trading range is still developing.
However, this is the possible developing channel
NIFTYHello & welcome to this analysis
In the monthly time frame a comparison between the period which happened between 2018 - 2020 and the current one from June 2022 till now suggests a lot of similarity in path.
In the current scenario its taking support at the lower end of the channel and consolidating. if 17300 is held then it could resume its uptrend for the upper end of the channel.
Do note this is a monthly time frame outlook and not for short term derivative swing / breakout trading.
Best wishes on your investing/trading.
GBPUSD I Short from channel resistance
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**GBPUSD Analysis - Listen to video!
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BTCUSDT - Upside TargetDespite all the news. Is this time to break out? Interesting fibs. The stars are aligning. It's a beautiful thing. I usually would not be bullish at a high. Trade it what it is.
EUR/USD trading near key retracement levelEUR/USD is trading near the 61.8% Fibonacci retracement from the high of 2022 to the low of 2022, near 1.0747. The area also confluences with the bottom trendline of an upward sloping channel that the pair was in until January 3rd.
If price closes above 1.0747, the next resistance isn’t until 1.0937. Above there, price can move to the highs of March 31st at 1.1185.
However, notice that price is diverging with the RSI, an indication of a possible pullback. If price does pull back, support is at the January 6th lows of 1.0482, then the 200 Day Moving Average at 1.0310. If EUR/USD breaks below the key moving average, the next support is at the highs from October 27th at 1.0094.
#EURJPY selling position opportunityAs we discussed before in #JPYBASKET analysis ( you can see it in related ideas ) we believe JPY is aiming for higher prices due to technical and fundamental analysis, and in order to take advantage of this move we can sell other currencies against JPY.
Price currently in EURJPY pair is moving down and has formed bearish channel in 4H timeframe which can be tested one more time during today trading time or tomorrow. moreover, price managed to get very close to 4H timeframe high and base on market structure analysis if price want to continue moving downward in 4H timeframe it shouldn't close above this area.
In conclusion, for taking a short position on this pair base on 4H time frame we need to see price tap into any of two line drove above the price but fail to close above it. and then get rejected from the area. which can prove that sellers are in the market and also the capitulation move is over too. Also for more validation you can wait to see market structure in lower timeframe also shifted in the favor of the downside move.
US30 - Tough Market - Initial Quick ViewUS30 - Tough Market - Initial Quick View. Monthly levels obvious resistance and some fibs with channels.
eurjpy shortConsidering the weakness in the price rise and the strength of the fall and reaching the ceiling of the descending channel, I enter a sell position when I see favorable conditions.
According to my risk and capital management system, the risk of each trade is one percent per position.
#AUDCAD potential long term selling opportunitytake a look at where price currently is sitting on and the long term resistive cluster around price...
price at the moment is testing a bearish weekly channel resistance line and also at weekly high which means if the downtrend in weekly scale wants to resume price cannot close above this high. although that price can whipsaw above it but it can't close above it.
for taking a position depends on the kind of a trader you are say risk averse or risk seeking you may enter now or wait for a more and clear confirmation in lower timeframe. and perhaps waiting to see a shift in market structure or chart pattern formations.
Also we can see a bearish divergence between price and RSI indicator in Daily time frame.
GBPUSD | Perspective for the new week | Follow-upThe US Dollar still portray the tendency of heading for some gain in the new week as Federal Reserve pushed back on market expectations for an early end to the aggressive interest rate hikes to combat inflation. From a technical standpoint, the consolidation phase characterized majorly by selling pressure from the $1.19700 area during last week's trading session might continue this week as a retracement into the either the trendline or $1.14000 area in anticipation of a continued bullish momentum is a strong possibility.
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EURCAD Short from resistance Welcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
AMD - BULLISH SCENARIONASDAQ:AMD bouncing in trend channel on the weekly chart, the upcoming earnings report on November 1st, 2022 suggests short-term upward movement in the channel. Chip delivery times shrank by four days in September, the biggest drop in years, in a sign that the industry’s supply crunch is easing.
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