S&P500Possible after the gap being filled, that we might look into a Bearish Bias next week Monday. Happy weekend all!
Bearishbias
GBPAUD sell!!GBPAUD has been trading within the confines of the resistance zone of 1.78501 and support zone of 1.71832 since April 2022 . Despite numerous speculations that the pair might break through the resistance of 1.78501 and move up higher , the price recently has been giving signs that its not yet ready for an upward move. We can also observe an Evening star candlestick pattern on daily chart ! price is currently testing the Resistance zone again , only to fall down all the way to the Support zone as mentioned above ! My final Target remains 1.71832 !!
BTCUSDT scalping with the volume weighted moving averageScalping with the volume weighted moving average in a self-explanatory chart. For educational use only.
BTCUSDT scalping Volume Weighted MA + AB=CD pattern projectionScalping Volume Weighted MA + AB=CD pattern projection. Self-explanatory. For educational use only.
Chance to Buy the Rally, Overall Bearish BiasNow is a chance to enter a long during the rally.
-My overall bearish bias for GBPJPY is bearish.
-Price is currently in an area of support.
-The previous 4h candle ended in a doji and appears to be forming a morning star candlestick pattern.
-A formation of the candle stick pattern along with respecting the support area is showing that price is building bullish momentum and ready to make a bullish push.
-After the break of the previous low I am expecting price to retrace and test the former support area which is now acting as resistance.
-According to the fib this previous area of support also aligns with the 50.0 fib level.
-I am expecting price to rally to the 50.0-61.8 fib level before making another bearish continuation.
-Price should test the previous level of support, acting as resistance and create a lower high (LH).
Link short swing tradelink has broken out of the 1month long channel, doing a retest right now and it is a good chance to start building up your short position from here, as my bias is bearish, i think btc will kiss the 54-55k and then comes the blood, a lot of blood, where drowns the Chainlink, might take more than a month
Another GBPJPY Swing ShortIf you like this idea, like it and follow me for more.
Colour key: Blue = Monthly TF, Pink = Weekly TF, Grey = Daily/4H TF.
I'm trying out a new strategy which puts a larger emphasis on the bigger picture i.e. the monthly/weekly trends. As you can see, i've marked out several supply and demand (S&D) zones where price has reacted in the past. I've also marked out a trendline to emphasise the fact that GJ appears to be in a downtrend. If price comfortably breaks this trendline then my bearish bias has been invalidated. Until then, i intend to sell all the way down to the bottom zone, which is a major monthly S&D zone. Some of the smaller zones before it will act as areas to take partial profit.
Updates to follow, follow me to see them.
EURUSD Overall Bearish Bias BUT chance to enter a Long Position.Here is part 2 of my EURUSD ANALYSIS. Look below for the original analysis.
Price has begun it's bullish move to the upside and is pulling back as expected.
I will be long on EU until price meet resistance and form a bearish candlestick pattern, then I will look to short.
Here is the image of the original analysis performed on March 28
Overall Bearish Bias CHFJPYPrice appeared to have broken the low during the previous month. This monthly candle appears to be a retracement or a retest of that level. So far it a look as if price will respect that level and may be signaling it's setting up to make a large push to the downside.
The weekly time frame show a double top, with a retest to the neckline, price also met resistance at and respected the trend line creating a lower high.
Expecting a price to retrace/test and respect the 61.8 fib level on the daily, then creating a bearish impulse/continuation.
I'm expecting price to sell off into the lower eclipse, possibly to the lower trend line and respect it, creating a lower low of the bearish trend, while simultaneously creating a higher low in the bigger picture. (this explains the purple and red drawings)
Feel free to like, or comment and post your analysis if you see something different!!
time to Short just hit resistance as you can see this pair can be longterm bearish scinario.
Feel free to reach me :)
Bearish bias for GBPAUDHello traders, we have seen bearish impulse during Friday trading season. As seen on the chart wait for the flag and than sell. From here on, we might go directly threw previous support or bounce for one more up as marked on the chart. Overall bias is to the downside.
Wish you good trading.
