Next possible short on Nifty, MAYBE?Most 786+ POC confluence gives out great possibilities for an entry, one such entry is around the corner.
Why bear?
we are forming lower high on high time frame, gives me a reason this will continue as we have lower levels to visit especially the 618 fib fan.
Here we can see most of the fib fan working, even on the 2008 crash we found support at 618.
This analysis is to be taken as a form of hedge, I'm not saying this will work but in the technical analysis world we are at resistance, its time to enter short (under the correct conditions).
How to enter?
This is my expectations (in an ideal situation) take out the support and flip bearish.
POC
GBP/USD: Short Trendtrade H1GBP/USD: Short Trendtrade H1
> H4 structural break
> LH and LL established
> POC above current price
> BOS is our sell zone
This is a short-term H1 Setup, coupled with the preceeding H4 structural break.
We already published the H4 idea, but this setup can be used further.
Meikel & Team WSI
GBP/USD: Short about to rolloverGBP/USD: Short about to rollover
> Price at upper end of overarching bearish trendchannel
> Break of inner bullish trend to the downside
> LL-LH-Sequence
> POC above current price
> General USD-strength ahead of NFP on Friday
Generell USD strength after strong ISM data. Short move likely. Only event risk: NFP on Friday.
As always: Manage your risk, especially during the summer months.
Meikel & Team WSI
GBP/AUD: Long Reversal runningGBP/AUD: Long Reversal running
> Higher High and higher low printed
> Break out of the triangle formation
> POC below current price
> Last weekly high far away
Structurally, this is a long based on the rules of our Wall Street H/L System. It is, however, a little risky ahead of the FED tonight. Why? Because the decision + press conferent COULD lead to direction-changing moves. If you do not mind economic data risk, you can enter.
Also check out my stream on the FED + Swingsetups:
www.tradingview.com
Meikel & Team WSI
GBP/CHF: Long Reversal running & FED commentGBP/CHF: Long Reversal running
> Higher high and higher low printes
> inner trendline break
> quadruple bottom
> POC below current price
We are seeing broad GBP-strength, also visible in GBP/CAD, GBP/AUD, GBP/JPY and GBP/NZD. GBP/CHF checks all the criteria for a long entry according to our H/L Wall Street System.
Post Fed Meeting
The dust has settled since the FEDs epxted 75bps interest rate hike. During the press conference Powell communicated what we call a "dovish hike". The FED did hike interest rates, but the forward guidance is not as strongly hawkish as in the past anymore.
Now, the FED ist data-dpendent, which is a softer stance on rate hikes. The consequence is a risk-on reaction in the markets: Stocks are rising, USD and JPY is weakening and Crypto is rallying.
Please always remember:
Trading is a game of probabilities. This means that a single trade is not important. A system plays out over a large number of trades (i.e. 100-200 trades). Every trade should be taken with a risk as a % of your capital. Risk management is absolut key. A win rate of 70% means: Out of 100 trades, you will have 70 wins and 30 SLs. Do not risk your account on the 30 SLs.
Best
Meikel & Team WSI
EUR/GBP H4: Short pressure risingEUR/GBP H4: Short pressure rising
> Bullish trend broken
> Re-Test successfull
> break of structure, change in sequence
> Need a break of the current inner upward trendchannel
Even after the interest rate increase by the ECB, the EUR seems vulnarable, especially because of the ongoing Russia/Ukraine conflict.
A break of the last higher low would increase the probability of a downside movement.
Meikel & your Team WSI
CHF/JPY: Shortsetup in the makingCHF/JPY: Shortsetup in the making
> Doubletop formation with falling high in D1
> Lower low and lower high in H4
> Inner trendline broken
> Top range of bearish trendchannel
> POC above current levels
This is a watchlist trade. We would like to see another lower high + outer trendline break to enter short.
Check out our bio!
Meikel & Team WSI
FLUX project , a potential blockchain for futureHi all.
we have a long term analysis on FLUX in 1W chart.
as you see on my chart after compelete a full cycle of 1-2-3-4-5 and ABC waves
we have a potential to start a new impulsive wave.
of course this correction may be extend and lasts more.
i draw cycle lines (Blue vertical lines) and we see ABC correction lasts 2 cycles and now is in the end of cycle.
this means correction last 2 time more than impulsive wave and have a potential to reverse.
for the end of ABC correction we have a lot of reason and levels like:
1-we are in the range of recent impulsive wave 4
2-we see a strong support level there(i show it with a purple rectangle)
3-recent impulsive wave fibonachi retracement 50% level
4-wave A projection 200% fibo level
5-POC(point of control) is here.
so i think this altcoin have a lot of technical potential for amazing growth.
if we see this blockchain website,we found it good protocol with amazing roadmap.
runonflux.io
what we need is a liitle good news for inflation this week...
have good investing and dont forget to manage your risks.
!!!NOTE!!!
MY POSTS ARE NOT TRADING AND INVESTING ADVISE
SO TRADE ON YOUR OWN STRATEGY AND CONSIDER MARKET RISKS.
Bouncing on POCAVGO has returned to its post-March 2020 point of control.
Stepping down a time frame to the daily chart, we can see a cluster of Dojis. Combined with volume falling under the 50day average, MACD crossing its signal, and Stoch recovering from oversold shows hesitation in the selloff.
An aggressive trade would be to enter now, while a more conservative entry would be above the support or resistance zone just north of the 21EMA.
BTCUSD, 12k or 9.6k, volume profile and the bad news bearsVolume profile on INDEX:BTCUSD on monthly chart after cycle up in 2019
The high volume cluster at the bottom is obvious. The POC for the whole profile up to the current price today is in the 9.2k range.
The edge of the high volume cluster is around 12k.
There's plenty of liquidity gaps (fair value gaps, FVGs, whatever you like to call them) between here and there.
Those gaps tend to get filled as supply and demand tends to equilibrium, as we're seeing now and profiting from.
Shorters of the world, unite!
Set your leverage right, TP at 12k, watch for a bounce, then long as we come back up to fill in the gaps some more.
short ideaNoticed we were beneath some higher TF POC's (2hr) from two different moves.
Bear flag-ish on HTF + exchanges halting withdrawals before the weekend made me lean bearish and look closer to develop this thought.
Support structure look weak, liquidity grabs to the upside getting completely walked back down made me think there's a bigger downside move just waiting to happen.
Ready to long BTC?We have no confirmation for a trend reversal in high timeframe!
BUT, we do have 3 or more confluences at that miniGP level, which is more than enough to look for a long position, provided reversal indications with PA. dont blindly use high leverage, instead risk less than 5% on this trade. If looking for high leverage go to smaller timeframes and wait for levels to hit, use CCTR or MLB for reversal indication risk bare min..
Mindset to be in:
"If this works im in, if price flirts at that level i will ditch on high leverage entries"
AUD/NZD: High-Vol Trendchannel breakAUD/NZD: High-Vol Trendchannel break
> month-long trendchannel broken to the downside
> Double top formation with first lower high inside of broken channel
> POC above current PX
> countertrend broken
> weekly high 2x rejected
> daily lows about to break
> little volume on way to tp
AUD/NZD: Wall Street Multiple Timeframe AnalysisAUD/NZD: Wall Street Multiple Timeframe Analysis
Weekly | Daily | 4 Hour
✅ Weekly: Strong resistance level + Morning Star, which indicates strong bearish pressure from long-term position traders.
✅ Daily: Double-top, last higher-low broken + daily close below inner trendline.
✅ High Volume with POC above current price levels, inner upward trendline break, first LL outside of structure. Close near weekly + daily lows on Friday.
👉 Conclusion: Bearish Setup for the WSI Watchlist. We have to check price action at the beginning of the week to find a potenzial short entry.
👉 Precise Trades (Entry, 1 SL, 1 TP) in the WSI VIP Package. Mentoring inclusiv. Contact us @TeamWSIMeikel with any questions.
Best
Meikel & Team WSI
EUR/AUD: Watchlist Long Trade for next weekEUR/AUD: Watchlist Long Trade for next week
> High Volume POC below current levels
> 3 touch inner upward trend
> inverse Shoulder-Head-Shoulder
> Need a break of the last falling high + 2 touch inner downward trend break
We are looking for a break of structure + change in sequence. This will be achieved once the last lower high is broken to the upside.
Check out our last Stream by Wall Street Trader Meikel Mokry:
www.tradingview.com
Meikel & Your Team WSI
$ALGO at key levelThe point of control level is $0.3005 very significant. Dating back to Algorand 's inception, this has been a key level of resistance/support. ALGO stopped nearly to the penny on the volume shelf at the bottom and bounced off it multiple times.
Previously it was resistance, now it seems to have become support. ALGO seems to be running out of sellers. Soon the bulls will take control. Targeting the $0.5380 level which would be a 50% return and the VWAP from the most recent high at $1.0172 would be a nearly 200% gain.
Algorand is green, efficient, and has extremely low gas fees (I believe it's $.001 please correct me if I'm mistaken).