Wed 27th Jul 2022 AUD/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/JPY Sell. Enjoy the day all. Cheers. Jim
Resistance_level
BTC dump and what to expectRight now there is panic due to America releasing the official statistics, BUT BTC is still the most stable thing on the market to invest into as some people say. I drew some price predictions and other stuff.
The fixed volume shows the price that people most buy out BTC and I left the pivots there for you (Weekly).
There is a technical flat for the last 1000 bars, but that's due to the fact that we are gathering the power for some huge price movement at the moment.
For the indicator DM @Sadesguy
SOLANA undervalue areas for buyHi guys.
solana ecosystem record a high TVL in past month and have a potential to grow in coming months.
but we are in a downtrend now and altcoins loss their marketcap in this cycle.
after SOL reach strong resistance in 45$ react and go down again and cant support in 40 support level.
so we reach under this level and we have a good support in around 35$.
i think we will see a strong support in this level and a good area FOR BUY ONE STEP.
after that if we see demand signs we could buy another step or if not we buy a step in lower prices like 28 or 25$.
remember the ecosystem TVL growing and have a good potential too pump up after FOMC place its interest rate and market
eat it :)
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.
CADJPY Trade Idea
Monthly Timeframe:
Price has been in a long-term Bullish Uptrend. "The trend is your friend" (with the correct narrative).
We are moving towards equal highs (Liquidity), which I expect price to reach to. "To them and through them" ;) Looking at the current Monthly candlestick, we are likely to take out the Previous Month's High as well...
Weekly Timeframe:
We just formed a Swing Low (3 Bar swing). This indicates that we can anticipate the next Weekly Candle to be BULLISH, giving us a Bullish view for the upcoming week.
Also notice that the swing low was formed on a Daily Bullish OB, confirming that area to be valid - and that OB should then be pushing us higher from where price is currently at.
Price just broke a Swing High to the upside (MS / Market Shift). The Swing High is a Bearish pattern that FAILED. This tells us that Buyers are in control. A Bullish Market Shift gives us Short-Term Bullish Bias.
(Also notice how price was creating Doji candles, however, they all closed Bullish and failed to close Bearish - giving us yet another clue that price TRIED to go lower but couldn't because the Orderflow is too strong to the upside).
Daily Timeframe:
We can see that Bearish (Premium) PD Arrays are failing, and Bullish (Discount) PD Arrays are being respected. This tells us that the Orderflow is BULLISH...
Looking on the left, price impulsively broke through the previous high creating a bullish Break in Market Structure (BMS). As it did that, we can expect the High of the Impulse to be reached, as price should remain Above the Protected Low.
Looking at current price, we just broke above a Bearish Candle. This Bearish should act as an Orderblock and we should see price remain above it and be respected. We also have a Bullish Breaker supporting it from the left.
H4 Timeframe:
I'm currently interested in seeing Longs from this Orderblock, as my overall bias for the week is Bullish. The Orderblock is nice because it grabbed liquidity before immediately running higher creating the FVG above it, as well as it's lining up with the bias and order flow.
I'm expecting price to sweep this level at least 30 pips (take Liquidity of the resting Retail-Orders).
The BPR (Balanced Price Range) is NOT a Fair Value Gap as the area has been balanced, which should Not cause any moves lower.
If this triggers between Monday-Wednesday it's most ideal, as these days tend to make the Low of the Week and have the highest volatility.
However, there are some criteria I need for this to be a valid trade though...
Firstly which day it triggers entry, what time of day it triggers entry, No News at entry, or if it goes up to BSL before coming back down then I won't take it.
I'll be monitoring price closely to decide if I'll take the trade or not... It's your job to do the same if you decide to take the trade, and ONLY take the trade if you agree with my analysis!
(And if it doesn't trigger my entry and rallies higher instead, I'll look for new entries with the SAME BIAS in mind. So should it not trigger, or if the setup fails, my Bias remains the same for new entries as I expect higher prices).
ADAUSDT is testing the resistanceThe price is testing the dynamic 4h support above the daily resistance at 0.48%.
The market is going to try to complete the W pattern below the daily resistance at 0.54$ where the price needs to grab more liquidity to create a new breakout from the historical resistance
how to approach it?
IF the price is going to have a breakout from the neckline and retest it as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
GBPUSD-Weekly Market Analysis-Jul22,Wk5As a structure-based trader, I will wait for the market retest at 1.2040 with an RSI Divergence and the candlestick pattern to touch 1.2050, but a close below 1.2040 would be a perfect opportunity for me to engage the trade.
If the market breaks and closes above 1.2050, I will patiently wait for Bearish Shark set up to engage the trade.(link of that analysis is in the related ideas under tradingview)
ETH Resistance & Support (2 weeks+)As ETH starts to look like the market indicator (up over 30% against BTC since the bottom), this is a brief outlook on future resistance and support. Above the lower lines of support, the bottom of the daily EMA ribbon (1340) could be another strong area of support On the other side, horizontal resistance can be seen on the 4hr Beyond that the weekly EMA ribbon will cover a wide range of resistance between 1900 and 2400 The 20 and 50 week MA fall in that same range Also worth noting the bearish cross of the 20 & 50 week MA, and bearish flip of weekly EMA
BTC Go Ahead 26000 Resistancehello my friends.
i think we broke a pattern last day and now we can retest it
(and also 200 day MA).
our Money Flow Index approch to overbought area and
according to our trend (Bearish) we can go down after touch
this strong support level.
be careful friends we are in a contraction condition yet.
inflation grows and today we saw the news about TESLA
that sold about 75% of its BTCs.
this news can affect markets for short term
but in longterm no problem! :)))
take care of yourself and your money.
manage your risks.
the first step is protect our capital and the next step is profits.
hope you all have good trades.
thank you all for reading my opinion.
please share me your opinion in comments.
!!!NOTE!!!
MY POSTS ARE NOT TRADING AND INVESTING ADVISE
SO TRADE ON YOUR OWN STRATEGY AND CONSIDER MARKET RISKS.
WILL BTC BACK TO $ 30K?Hello everyone, let's take a look at the BTC to USDT chart on a 1 day timeframe. As you can see, the price is moving above the local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 22,792, if the support breaks down, the next support is $ 21,780 and $ 20,991.
Now let's move from the resistance line as you can see the first resistance is $ 24748, if you can break it the next resistance will be $ 26343 and $ 28848.
Looking at the CHOP indicator, we can see that in the 1-day interval some energy was used and the MACD indicator confirms the upward trend.
firs scenario or second scenario?🔥🔥🔥hi there guys I hope you all have a great day👋.
in this idea 💡 I'm showing you 2 scenarios one for bulls and one for bears.
and the reason for that is because we are in a important area therefore I want you all to know that the probability is favor to bears.
***I want you to feel free to leave comments for me and tell me your idea***
ps( I just opened a short position in the area)
cheers 🥂.
BNB short-term GrowHi friends.
Despite a bad news for inflation and us CPI comes 9.1
but we can see a short term grow in market i think.
in that case yesterday Binance burns about 450 milion $ worth of BNB.
and we are in a good support level.
in weekly timeframe we have 2 Resistance ahead:
one at 250$
and one at 315$.
if we surpass first level , we reach second simply.
315$ is also the median of Danchian channel.
hope you like my analisys.
please share me your opinion in comment.
i will be happy.
thank you all for reading my idea.
BTC / USDT - 4HChartHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving below the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,515, if the support breaks down, the next support is $ 18,675 and $ 17,619.
Now let's move on from the resistance line, as you can see, the first resistance that BTC is currently struggling with is $ 19,764, if you manage to break it, the next resistance will be $ 20,281 and $ 20,727.
Looking at the CHOP indicator, we can see that in the 4-hour interval the energy is slowly increasing and the MACD indicator shows that we have entered the local upward trend.
BTC on a 4 hour interval SHORT!Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,599, if the support breaks down, the next support is $ 18,803.
Now let's move from the resistance line as you can see the first resistance is $ 20,263, if you can break it the next resistance will be $ 20,699, $ 55,2,040, $ 21,423 and $ 21,919.
Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been used and the MACD indicator shows that we are continuing the local downward trend.
BTC SHORT 4H INTERVALHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 21,558, if the support breaks down, the next support is $ 21,397 and $ 21,187.
Now let's move from the resistance line as you can see the first resistance is $ 21853, if you can break it the next resistance will be $ 22,018, $ 22,018 and $ 22,244.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy and the MACD indicator shows that we are in a local upward trend.