BITCOIN: BTCUSD Big Fractal Big repeatBitcoin: BTCUSD Bitcoin is busy knocking out one of the best fractals you're likely to see. So long as this holds up off the new trendline it should go on to make new highs this weekend.
Spot
WTI Spot:USOIL Pushing up against resistance: buy pull-backWTI Spot: USOIL Pushing against near-term resistance and needs more Dollar weakness to move up further from here: should come back some from here to give another buying opportunity as per comment. If trading this PLEASE watch DXY chart. The will move in near perfect opposite direction in the near term and DXY is pulling WTI, not the other way round...and the dollar looks like it has further to fall
Gold: XAUUSD Testing important resistance here. Close out longs GOLD Spot: XAUUSD Testing important resistance here - suggest closing out longs as per comment, getting ready to either buy from lower at 1251 or as it breaks above 1262. Be careful of that overhead resistance line though.
eurgbp demand / supply levelsFor the immediate trend :
Entry : .86190
Stop : .85916
Target 1 : .86616
Target 2 : If price closes above bearish trend line, next target will be .86944
Target 3: Hold and move stop up along with trade
Reference Red Supply zone if shorting.
GBPJPY H4 UPDATE TP1 TP2 reachedcouldnt make into h4 supply zone by 3 pips but got a reaction as anticipated
GBPJPY H4: H4 supply zone shorting opportunityTop-down analysis
Monthly: The price is getting selling pressure at around the monthly resistance area
Daily: there is a daily demand zone just below but we have a room to arrive there
H4: and it just created a H4 supply zone.
TP1: 1:1 Just before h4 candle tail
TP2: just before daily demand zone
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USDTRY Analysis
Turkish Lira aginst US Dollar has been running between the monthly demand zone (2.7974-2.5604) and monthly resistance area. As i expected, we had 2 nice reactions both from demand and resistance zones.
Soon after consuming either of the monthly areas, we may see an abrupt and impulsive move whichever zone breaks first, probable outcome being upwards.
Currently, Price just created a new daily supply zone above (3.0119-2.97204) and boucing out of the support zone (2.93236-2.89569). We may see some selling pressure coming around daily supply zone and we may have a small consolidation between those areas.
Under these circumstances, we can practice 2 scenarios;
1- Black: We can confirm our entries on lower timeframes and look for selling opportunities inside of the daily supply zone if emerges .
2- Red On the other hand, if daily supply zone got broken upwards, we would again be willing sellers since we will end up being in the monthly resistance area.
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EURTRY AnalysisWe have tested monthly demand area (3.0824-2.8456) once and then, as we expected we got a nice selling reaction from monthly resistance area (3.4791-3.3764)
Right now, price aciton is telling us that we may break daily supply or weekly demand zone easily by virtue of spending too much time to form both of them. But yet, if price reaches weekly demand zone, i would expect at least price to form some kind of a consolidation before breaking it downwards.
I prefer to sit on my hands and be waiting some newly created opportunities to come up.
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AUDUSD AnalysisAUDUSD may give us a buying opportunity that can emerge once in every 2 or 3 years. After selling pressure and losing value for 5, two things happened at the same time:
1- We have seen Monthly Trendline reached and had a reaction upward fomr here.
2- Also, the price managed to break above 0.7385 level and has activated monthly demand zone(0.72425-0.68270)
We are waiting for possible new daily demand levels to be formed and then we will be loking for buying opportunities to hold.
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EURUSDmacro money margin market models momentum net offer ofset open order options paid pair patient pips portfolio profit pullback put quoStill waitingte rally range rate realmoney retail risk sector sell settlement short slippage spot stoploss swap swiss takeprofit technical trade trading trader traderslife trend unemployment value volatility wedge work
GBPJPY SHORTGBPJPY is expected to sink now.
There are many reason why we feel it may sink.
* Abandoned baby in daily Chart .
* To sink and come near 14.14 levels
* Stoch RSI (3,3,14,Close) is un clear.
* RSI (14,CLOSE) Is also of the view it may sink.
* CCI (20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from sell bellow:155.82 SL: 156.48 Tgt 01: 154.14, Tgt 02:153.40, Tgt 03:151.14.
We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
