In this market, in order to consider some long setups, we need to hold the 6060 level or something around it, and since we didn't hold this support, we had a way to go short after the breakout. Now I see a scenario like this: the market should come for the sfp below the low as shown, or it will start to rise directly into the long, but as long as we are below the...
We have two scenarios here so far if it doesn't break through resistance, we could think about sfp above high and then short direction or we break through this resistance at price 1.109280 and if the market creates sfp below low at this price, a long setup is possible, but considering that I have predictions for aud and nzd bullish, I'm waiting.
On this chart, a correction structure has formed beautifully for us, reaching the price range of 200, where we have monthly levels and support that we have not broken through and there is a very likely bearsish scenario, the sfp above the high has been created, now find a better entry
The price has currently broken through one of the main resistances and we have oil at 73 and then I have two scenarios: either the price does not break through the support at 72.5 and goes up, but I would like to see an sfp below the low, if we were to consider a short, I would like an sfp above the high, then there would be a potential entry.
In this market we can see an expanding triangle that has just completed wave e now it depends where the market decides to go we still have two options one is that the price will return back to the support at the price of 164.230 where there is also 0.5 fibo from the previous wave or the price will break through and go for tp to fibo levels 0.618 or 0.786
In this market we can see sfp above high, so we can consider short positions, the condition for this is that the price must not break back above this support at price 2.0, if we break through, we can expect a reaction and continuation of the trend in bullish submission.
This analysis is just a clarification of the previous analyses. We are creating an sfp below the low, which could indicate some potential space for a long setup, but I am keeping some space for now. If the sfp is confirmed, I will take a long first tp around the price. If we get above the weekly level, which is at 0.56550, it is around 0.57920.
In this phase we are in, I think it is better to stay out of it at least on higher tf because when I look at this market, I rather expect some new bottom which could be considered as sfp below low from which the price could bounce into long but for now I am watching the reaction around the poc level.
The trade is still going according to plan, I'm just not sure if we have the SFP confirmed or not, after the SFP is set below the low, we can consider a long position, I'm still out of the market for now.
According to the data we have available, it is possible that the market could move slightly up to the price level of 1.81500, since the market is forming as a range, it is quite likely to expect an SFP below the low and a subsequent move up to the aforementioned level. If it does not hold support at the level of 1.81600, it is possible that the market will move up...
At this moment the market may create an SFP below the low, which could lead to consideration of entering a short, but for now, waiting.
In gold, we see a continuation of the correction, we have created and perhaps confirmed the SFP below the low for too long, where there is support above us in the price range of 2640, if the market breaks through this level, the price may reach the level around 2700.
This market is very difficult to predict at the moment, the point is that we have very close resistance around the price level 1.2520, if we hold this level, we can consider the previous low as an sfp from which the price can start to rise, or if we do not hold this level, we will fall below it and the market will try to hold the second sfp or send the price even lower.
Now I think we are in for a minor correction to the resistance zone at price 0.89 which is also, among other things, the fibo level 0.5 which if the market holds, we could look at the price level around 0.91.
In this market, I only see that if we maintain the monthly level around the price level of 1.43 and if the price wants to head towards this level, we will watch the sfp below the low and there a possible entry into long at the price where the next monthly level is located at the price of 1.45800.
At this moment we are shown two scenarios, both shorts, we have an sfp above the low because it could give us a better view of the overall direction the market could be heading at the moment, support above us, which if it breaks, nothing prevents us from moving to a higher level, if we hold the level, then we can expect a move somewhere towards the price of 150,...
For btc i am waiting for sfp confirmation if sfp is valid then it is likely that the price can start rising to a new ath if we are able to break through the monthly level at a price of around 96k then i see the closest tp around 100k and above 100k there is a large amount of liquidity
At the moment I have this on eth that since the market is probably looking for some place of reaction from where the price could fly to a new ATH on the way up, we have a lot of unselected liquidity so we'll see, I'm waiting for confirmation for now