THETAUSDT Local S/R| 200 MA| Bearish Retest| Price ActionEvening Traders,
Today’s second analysis – TEHTAUSDT price action breaking trend therefore any rallies are now considered bearish retests.
Points to consider,
- Price Action Lower Low
- Local S/R Resistance (Bearish Retest)
- 200 MA Resistance
- Oscillators Extended
- Declining Volume
THETAUSDT’s immediate price action is bearish under Local S/R; this allows us to have a bearish bias on the market.
The Local S/R has been flipped resistance; any back tests will confirm an S/R Flip Retest. 200 MA has also been flipped bearish, further adding to the probability of market resistance.
Current oscillators are at oversold conditions, price action is likely to have an oversold bounce into Local S/R before trend continuation.
The volume is also below average, an influx s highly probable when testing key trade locations such as the Local S/R.
Overall, in my opinion, THETAUSDT is a valid short with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
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And remember,
“Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.” ― yvan Byeajee
X-volume
XLMUSDT Weekly S/R|Dynamic S/R|Stoch Buy Cross|Declining VolumeEvening Traders,
Today’s Analysis – XLMUSDT- trading under key Weekly S/R, this is a pivot on the weekly time frame,
Points to consider,
- Price Action Pivot
- Weekly S/R Resistance
- Dynamic S/R Support
- Stochastic Buy Cross
- Declining Volume
XLMUSDT’s immediate price action is at a pivot point, how price action forms here will help with our directional bias.
The Weekly S/R is current resistance, breaching this level will show strength in the immediate with swing high being the gradual target.
Dynamic S/R has been flipped as support with a confirmed retest; this is an early sign of momentum picking up.
The stochastics has a valid buy cross; resting on support gives it a greater probability of shifting up.
The volume profile is currently below average, an influx is highly probable when testing key trade locations such as the Weekly S/R.
Overall, in my opinion, XLMUSDT is a valid long ONLY above Weekly S/R; price action is to be used upon discretion/ management of trade.
Hope this analysis helps,
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And remember,
“Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
NZDCHF Descending Channel| Local S/R| .618 Fibonacci| Swing Low Evening Traders,
Today’s second analysis – NZDCHF – trading in a descending channel where a break bullish is probable,
Points to consider,
- Price Action Range
- Local S/R Support
- Daily S/R objective
- Oscillators neutral
- Volume below average
NZDCHF’s immediate price action is range bound trading, breaking bullish from channel will allow for long positions.
Local S/R is current support in confluence with the .618 Fibonacci, price action holding this level is crucial for our bullish bias.
The Daily S/R is immediate target; price action exceeding this level will lead to a trend continuation.
Both oscillators are currently neutral, momentum shifts in either direction is probable based on the current midpoint.
Volume is clearly below average, an influx is highly probable at the next trade location.
Overall, in my opinion, NZDCHF is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
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And remember,
A streak of winning trades can boost your ego and self-confidence to such an extent that you start believing that you’re invincible. If that is the case, try to take a break from trading to calm your emotions down.
AUDUSD Structural S/R| Dynamic Support| Swing High| Price ActionEvening Traders,
Today’s Analysis – AUDUSD – trading above key structural S/R, holding this level will allow for further upside momentum.
Points to consider,
- Bullish Price Action
- Structural S/R Support
- Swing High Target
- Oscillators Divergence
- Low Volume
AUDUSD’s immediate price action is being accepted above a key level, price acceptance allow us to have a bullish bias on the market.
Breaking the structural S/R bearish will negate our bullish bias in the immediate short term.
The Swing high is immediate target, exceeding this level will increase the probability of a trade continuation.
Both oscillators are currently neutral; breaking back into bullish control territory will increase the probability of strength in the market.
Volume is currently below average, an influx is highly probable when testing the dynamic support as this is the next trade location
Overall, in my opinion, AUDUSD is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
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And remember,
“Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
ZECUSDT Falling Wedge| 00 MA Support|Local S/R Flip|Bullish DivEvening Traders,
Today’s second analysis – ZECUSDT- trading in a falling wedge pattern that typically breaks bullish,
Points to consider,
- Price Action Bullish
- Local S/R Support
- Swing High Target
- RSI Divergence
- Volume Influx
ZECUSDT’s immediate price action is bullish trading towards its apex, this allows us to have a bullish bias on the market.
Local S/R is in confluence with the 200 MA as support that has been respected, breaking this level will negate our bullish bias.
The swing high is immediate target, breaking above will establish a new local high and increase the probability of trend continuation.
The RSI has a valid bullish divergence, this signals momentum shifting in the immediate short term,
There has been a valid volume climax node, climactic volume usually is indicative of a temporary bottom being set.
Overall, in my opinion, ZECUSDT is a valid long with defined risk, price action is to be used upon discretion/ management of trade.
Hope this analysis helps
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And remember,
“It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’
BTCUSD Trend Analysis| Bullish Price Action| Local RangeEvening Traders,
Today’s second analysis – BTCUSD- price action is making consecutive higher lows and higher highs. This allows us to have a macro bullish bias towards the market.
Points to consider,
- Key Dynamic Support
- Price Action Range
- Declining Volume
The key invalidation for the uptrend will be on a break of dynamic support. BTC has been respecting it as support ever since the covid candle.
Immediate price action is likely to range trade towards the rest of the year. The range is from the $10,000 level to the $12,000.
The volume profile is still declining, an influx is likely to coincide with a break that is likely to happen years end.
Overall, in my opinion, from a trend analysis perspective, BTCUSD is in a bull market, pull backs are considered buy opportunities.
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“In trading, everything works sometimes and nothing works always.”
AIONUSDT Dynamic Resistance| Local S/R| Bullish Divergence|200MAEvening Traders,
Today’s analysis – AIONUSDT- price action breaking key resistance with candle closes, an influx is highly probable as this is as pivot.
Points to consider,
- Bullish Price Action
- Local S/R Resistance
- 200 MA Support
- Oscillators Divergence
- Volume Below Average
AIONUSDT’s immediate price action is bullish by breaking above the dynamic resistance in confluence with the 200 MA. This shows strength which allows us to have a bullish bias on the market.
The Local S/R is recent resistance, candle closes within this area is indicative of immediate strength. Here a long trade will be negated with a bearish close below the 200 MA.
The RSI has a valid bullish divergence, this is a sign of strength in the immediate term thus a reversal probable.
Current volume profile is below average, an influx will be highly probable with the next price expansion.
Overall, in my opinion, AIONUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
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“a greater probability of one thing happening over another. In a sense, technical analysis allows you”
― Mark Douglas
AUDUSD Swing High| EMA Bear Cross| .618 Fibonacci| Bearish PA Evening Traders,
Today’s second analysis – AUDUSD- price finding support at the 200 MA after breaking bearish from Local S/R level, any rallies are now considered bearish retests.
Points to consider,
- Price Action Bearish
- Local S/R Resistance (.618 Fib & EMA Ribbon Confluence)
- 200 MA Support
- Oscillators Bearish Control
AUDUSD’s immediate price action is bearish with impulse breaks; this allows us to have a bullish bias on the market.
The current Local S/R is resistance that is in confluence with the .618 Fibonacci and EMA Bear Cross. This gives validity of a valid bearish retest zone.
The 200 MA is critical support, breaking below will greatly increase the probability of further downside.
Both oscillators are currently in bearish control zones, remaining here is indicative of further weakness in the market.
Overall, in my opinion, AUDUSD is a valid short with defined risk; price action is to be used upon discretion/ management of trade.
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“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
THETAUSDT Broadening Wedge| 200 MA| Range High| Price ActionEvening Traders,
Today’s analysis – THETAUSDT – price action trading at range mid in a broadening wedge pattern, a retest of range high is probable.
Points to consider,
- Bullish Price Action
- Dynamic S/R Flip
- 200 MA Support
- Oscillators Neutral
- Volume Below Average
THETAUSDT’s immediate price action is holding a higher low projection. Breaking bullish of the descending broadening pattern in confluence allows us to have a bullish bias on the market.
The Dynamic S/R has been flipped with a confirmed S/R flip retest. The intra-day target sits at range high where resistance will be expected.
The 200 MA is valid support; price breaking below will increase the probability of testing range low.
Both oscillators are currently neutral in the bullish control zone respectively. Maintain these levels are indicative of strength in the immediate short term.
Volume is currently trading below average; an influx is highly probable when price expansion occurs.
Overall, in my opinion, THETAUSDT- is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
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“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
GBPAUD Dynamic Support| Apex| Price Action| 200MA| Range High Evening Traders,
Today’s Second Analysis – GBPAUD- trading in a clear apex where a breakout will be imminent.
Points to consider,
- Price Action Apex
- Dynamic Support (200 MA Confluence)
- Range High Target
- Oscillators Neutral
- Volume Declining
GBPAUD’s immediate price action is at a pivot point, a break in either direction will dictate the overall trend.
The dynamic support in confluence with the 200 MA has been respected. Price holding above it is crucial in maintaining a higher low projection.
GBPAUD’s bullish break will make the immediate target Range High
Both oscillators are currently trading neutral, indicative of a break as this highlights price being in equilibrium.
The volume is currently below average, an influx is highly probable when a break comes to fruition. This will help avoid false breaks as price movement will be backed with volatility.
Overall, in my opinion, GBPAUD has a higher probability of breaking bullish, thus long trades are valid with defined risk. Price action is to be used upon discretion/ management of trade.
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“He who knows when he can fight and when he cannot will be victorious.” – Sun Tzu
NZDUSD Daily S/R| .618 Fib| Swing Low| 200 MA| Price ActionEvening Traders,
Today’s Second analysis – NZDUSD – breaking above Local S/R, an S/R Flip Retest will solidify an impulse into Daily S/R.
Points to consider,
- Price Action Impulse
- Local S/R Support (200 MA Confluence)
- Daily S/R Resistance (.618 Fib Confluence)
- RSI above 50
- Stochastics Sell Cross
NZDUSD’s immediate price action is has been impulsive from swing low, confirming local S/R with a close above the 200 MA will signify strength.
The Daily S/R in confluence with the .618 Fibonacci is immediate resistance. A respect of this level is likely upon first test as price is getting over extended.
RSI is at resistance whilst the stochastics has a valid sell cross coming to fruition. This is indicative of momentum shifting in the immediate short term.
Overall, in my opinion, NZDUSD is a valid short at Daily S/R; price action is to be used upon discretion/ management of trade.
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And remember!
“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
― Yvan Byeajee
BNBUSDT Breakout|Price Action|Local S/R|200 MA|Declining VolumeEvening Traders,
Today’s analysis – BNBUSDT- closing into its apex where a breakout will be imminent allowing for a trade in either direction,
Points to consider,
- Price Action higher lows
- Internal Trend Line
- Local S/R Resistance (.618 Fibonacci)
- Oscillators neutral (50 mid-point)
- Declining Volume
BNBUSDT’s immediate price action is constructing higher lows with a strong Local S/R poising resistance. This creates an Apex where a breakout will dictate the overall trend.
The internal trend line is immediate support; price breaking this will coincide with bearish price action. It’s important to note that the 200 MA is in confluence here, a break needs to be impulsive and with volume.
The Local S/R is current resistance, this level is in confluence with the .618 Fibonacci, price action has been respecting this level thus breaking through will be extremely bullish.
Both oscillators are currently resting range mid, thus neutral, movement will coincide with a volume influx, the current volume profile is declining which is indicative of a breakout.
Overall, in my opinion, BNBUSDT is a valid trade after a confirmed break from its apex, price action is to be used upon discretion/ management of trade.
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“If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
EURAUD Daily S/R| 200 MA| Swing High| Declining Volume Evening Traders,
Today’s Second Analysis – EURUAD- impulse sell into a high timeframe structure, finding support here is probable.
Points to consider,
- Impulse Price Action
- Daily S/R Support
- .382 Fibonacci Resistance
- Oscillators Extended
- Declining Volume
EURAUD’s immediate price action is impulsive, oversold conditions are likely to lead to an oversold bounce.
The Daily S/R is a key area in confluence with the 200 MA and the .618 Fibonacci, a respect upon first attempt here is highly probable.
The .382 Fibonacci is likely to be back tested as this level coincides with the Local S/R and 21 MA.
Both oscillators are getting overextended, this is indicative of an oversold bounce being probable. A volume influx is likely to coincide as the current volume profile is declining.
Overall, in my opinion, EURAUD is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
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And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee
THETA Ascending Triangle|Price Action |S/R Flip Retest|200 MAEvening Traders,
Today’s analysis – THETAUSDT – breaking above Structural S/R with further upside potential, Local S/R , immediate target.
Points to consider,
- Ascending Triangle
- Dynamic Support
- Structural S/R Support
- RSI uptrend
- Declining Volume
THETAUSDT’s immediate price action is bullish resembling the psychology of an ascending triangle. This allows us to have a bullish bias on the market.
The Dynamic Support has held a higher lower projection, breaking structural S/R and flipping it as support currently, S/R Flip Retest.
The RSI has a valid uptrend, this in indicative of strength in the market as overbought conditions are not yet met.
Current volume profile is declining, an influx is likely when price expansion occurs from current trade location, and this will help avoid false breaks.
Overall, in my opinion, THETAUSDT needs price acceptance above Structural S/R before a long is valid with defined risk; price action is to be used upon discretion/ management upon trade.
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“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
ADABTC Daily S/R| Bull Flag| Stoch Equilibrium| 200 EMA Evening Traders,
Second analysis – ADABTC –breaking above Structural S/R, price acceptance at this level will be bullish.
Points to consider,
- Bullish Price Action
- Daily S/R Support
- 200 EMA Resistance
- Stochastics Equilibrium
- Declining Volume
ADABTC’s current price action is bullish, trading in a probable bull flag, This allows us to have a bullish bias on the market.
The Daily S/R is immediate support that is in confluence with the .618 Fibonacci. Price holding and respecting this level is a bullish bias.
Resistance is poised by the 200 EMA, breaking this will coincide with price hitting technical and validating the bull flag.
The stochastics is in a valid equilibrium, a break in either direction will coincide with price movement.
The volume profile is declining, this is indicative of an influx when testing key levels such as the Flag and Daily S/R resistance.
Overall, in my opinion, ADABTC is a valid long with defined risk, price action is to be used upon discretion/ management of trade
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And r Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
emember,
YFIUSDT Swing Low| Local S/R| Volume Climax| Price Action Evening Traders,
Today’s Analysis – YFIUSDT- establishing a swing low, a higher low will increase the probability of a local trend change.
Points to consider,
- Impulse Price Action
- Local S/R Support
- Structural S/R Resistance
- RSI Resistance
- Volume Climax
YFIUSDT’s immediate price action has been impulsive with increasing volume. A bullish directional bias will come to fruition with a valid hold and respect of the Local S/R.
Structural S/R is current resistance; price is likely to have a bearish reaction upon first test. Breaking this key level will coincide with a confirmed trend change.
The RSI is testing its key 50-mid point; breaching above is a sign of strength as momentum shifts in the market.
There is a valid volume climax node marking a temporary bottom, volume follow through will coincide with the direction of the trend.
Overall, in my opinion, respecting Local S/R is a valid long with defined risk. Price action is to be used upon discretion/ management of trade.
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“Trading mastery is a state of complete acceptance of probability, not a state of fight it.”
― Yvan Byeajee
BTCUSD Rising Channel|21 MA|Neck Line S/R|Declining Volume| PA Evening Traders,
Today’s Analysis – BTCUSD – trading at a key pivot point with bearish price action, key region to watch is around $10650 -$10680.
Points to consider,
- Bearish PA
- Neckline Resistance
- Channel Support
- RSI Trend Break
- Stochastic Sell Cross
- Declining Volume
BTCUSD’s immediate price action is bearish with a confirmed psychology of a head and shoulders. This allows us to have a bearish bias on the market in the immediate short term.
The current Neckline S/R is resistance, price has respected it on first attempt, breaking this level will negate our bearish bias.
The immediate support is the Channel S/R, this creates a respective apex in correspondence with the Neckline S/R. BTC will break out of this apex in the coming hours.
Both oscillators are showing weakness, the RSI has broken its dynamic support whilst the stochastics has a valid sell cross. This is indicative of immediate momentum shifting in the market.
Volume is considerably low; this is suggestive of a volume influx, most likely to coincide with the break of the apex break.
Overall, in my opinion, BTCUSD is a valid short with defined risk; price action is to be used upon discretion/ management of trade.
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“The big ones take the psychology out of the game. Have a game plan, and stick to it.” Tim Erber
USDJPY Dynamic Resistance|Structural S/R|200 DMA|Bullish Div| PAEvening Traders,
Today’s second analysis – USDJPY- trading at a key Dynamic Resistance where a confirmed break will make the immediate target, Structural S/R.
Points to consider,
- Price Action Lower Highs
- Local S/R Support
- Structural S/R Resistance (200 DMA Confluence)
- RSI divergence
- Stochastics Extended
USDJPY’s immediate price action is projecting lower highs; our bias will change once the Dynamic Resistance is breached with confirmed Higher Highs.
The Local S/R is immediate support that is likely to hold on first attempt that is if Price Action retraces here. There is a current Bullish Divergence at play showing immediate strength in USDJPY.
Current resistance is Structural S/R which is in confluence with the 200 DMA, Price Action is likely to respect this region upon first attempt, and a rejection will confirm a bearish retest.
The stochastics is currently over extended, a reversion to its mean in probable if price starts to correct here.
Overall in my opinion, USDJPY is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
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“If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
SPY Rising Wedge| Local S/R| .618 Fibonacci| Price Action ApexEvening Traders,
Second Analysis – SPY – trading in a valid rising wedge where a breakdown bearish is probable.
Points to consider,
- Price Action Apex
- Local S/R Resistance (.618 Fibonacci Confluence)
- POC Confluence (Local S/R Support)
- RSI Divergence
SPY’s immediate price action is trading close to its apex where a greater probability of breaking bearish persists.
The Local S/R resistance is in confluence with the .618 Fibonacci, price is likely to establish a bearish retest here.
Point of Control (POC) is in confluence with the lower Local S/R Support. This level will be Price Actions immediate trade location when and if the Rising Wedge breaks bearish.
The RSI has a valid bearish divergence, indicative of signalling weakness as momentum starts to shift in the market.
Overall, in my opinion – SPY – is a valid short with defined risk; price action is to be used upon discretion/ management of trade.
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And remember!
“Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
CADJPY Daily S/R|Range Mid|200 EMA|Local Volume|Bearish PAEvening Traders,
Today’s Analysis – CADJPY – trading at Range-Mid where a bearish retest is probable, confirming a potential right shoulder of a H&S pattern.
Points to consider,
- Bearish Price Action
- Daily S/R Resistance
- Range Mid Resistance (.50 Fibonacci Confluence)
- Volume Below Average
CADJPY’s immediate price action is bearish under range-mid; this allows us to have a bearish bias on the market.
The Daily S/R levels are clear boundaries respecting by price, break of either will coincide with the overall direction of the trend.
Current resistance, range-mid, in confluence with the 200 MA and .50 Fibonacci, a rejection here is plausible as price action morphs into a probable right shoulder.
The volume profile is currently below average, an influx is likely to when key trade location are being tested.
Overall, in my opinion, CADJPY is a valid short with defined risk; price action is to be used upon discretion/ management of trade.
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“Only The Game , Can Teach You The Game” – Jesse Livermore
RENUSDT Local Range| 200 MA| Volume Climax| Price Action Evening Traders,
Second Analysis – RENUSDT – trading in a local range with defined boundaries, range low likely to be tested.
Points to consider,
- Range High Resistance ( 200 MA Confluence)
- Range Low Support
- Price Action Bearish Retest
- Volume Climax
RENUSDT’s immediate price action has established a bearish retest, allowing us to have a bearish on the market.
The range high us current resistance that is in confluence with the 200 MA, price has initially respected it. Breaking above this level will be bullish leading into a change in market structure.
Volume profile has a valid influx node marking a temporary top, the next influx will be likely at key trade locations.
Overall, in my opinion, RENUSDT is a valid short with defined risk, price action is to be used up discretion/ management of trade.
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“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
COTIBTC Channel Support|Declining Volume|Liquidity|Price Action Evening Traders,
Today’s analysis – COTIBTC - Price Action needs to form a bottoming structure to allow for swing longs.
Points to consider,
- Bearish Price Action
- Channel S/R Support
- Untapped Liquidity
- RSI Resistance
- Declining Volume
COTIBTC’s immediate price action is bearish by establishing consecutive lower highs, a reversal will be imminent when new local highs get established.
The Channel S/R is current support, breaking this level will increase the probability of testing untapped liquidity, a swing long zone.
The RSI has a clear dynamic resistance, breaking this at oversold conditions will coincide with an influx in price.
Volume is clearly declining; an increase is probable when testing key trade locations such as liquidity zones.
Overall, in my opinion, COTIBTC is a valid long when a bottoming structure comes to fruition. Price Action is to be used upon discretion/ management of trade.
Hope this analysis helps
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And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer