Potential Sell on AUDUSDHere are a few factors to consider as we take on this outlook on the pair:
Weekly
-the weekly structure is STILL bearish, regardless of the current bullish push
-we have returned to the ranging market parameters we had seen in the previous 12 weeks prior to the week of 20th May
-0.68000 and 0.66000 played a pivotal role in price action during those 12 weeks
-we are, currently, at 0.68000 institutional zone
-we are still in a potent selloff to fulfill the -27% extension on the weekly
H4:
-we have (14th June) tapped into the May high and slipped back below it to indicate that we simply grabbed liquidity
-price came up once more and got rejection off the high's level (0.68180) and is currently being maintained under it
-the recent bullish assault on the pair may end up being just that- a hunt for liquidity
-price is currently at the critical price zone of 0.68000
This being the case, the sell trade will be entirely dependent on:
-a break of structure to the downside on the midrange (H1)
-a retracement (preferably back to 0.68000 to fill institutional orders)
-a key level rejection (daily or H4)
-former H4 wick/order zone being tapped
-a fib level to act as minor confluence
Target: 0.67000 overall, generally the -27% extension of the new swing
Please note that, considering recent momentum, we might as well break structure to the upside and abandon the bear market.
If this happens, I shall adjust my view and seek highs above 0.68400.
This is why a break in structure below 0.67500 is critical before engaging sells.
NOTE: this is not financial advice and is just my opinion on the pair. Kindly make financial decisions based on your own assessment and analysis of the market.
Marketstructure
EUR/USD -Swing Trade 'Short Opportunity'- Swing Short Trade opportunity for $EUR/USD
Short trade within Ascending Triangle,
which is a Neutral Pattern that can be broken either
to Bulls or Bears.
Demand yells for lower $EUR/USD.
Even on Volume Profile ; 4Hr* (TF)
Stay Sharp !
Until the next one ..
TRADE SAFE
*** NOTE that this is not Financial Advice
Please do your own research and consult your own Financial
Advisor before partaking on any trading activity based
solely on this Idea
Is the Worst OVER? This is the differential of 10yr vs 1yr US bond which represents long term against short term yield on sovereign debt, and those you don't know, short term bonds are used by central banks to control interest rates(amazing uh? the FED does not actually print money) therefore they do use bonds as a tool to control interest rates which then controls the S&D of capital.
As you can see, we are back at a differential which is extremely low, back to energy crisis levels. However, we seem to be already at very low levels, does that mean THE WORST HAS COME? What is going to happen to the stock market?
A very quick and personal thought to sum everything up as I do not consider myself an expert macroeconomist: the market is efficient, meaning that the current price on every single security is traded at all the current public information that is available and if something keeps going up, it means that expectation are in favor of it moving higher.
Hope that explains what I wanted to say,
Feel free to ask question, be safe!
Keep an eye on $BNB/USDTHighly expected BNB price will bounce from here at current price $220
Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update.
Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you.
TradingView: @FarmanBangashh
ETHERIUM LONG TERM market update I hope u know that this is a personal opinion and everything can happen in between this trends or s/r levels and market will never care about our feelings but we can have different opinions at the same time for ourselves and with risk management and stop losses for short term trades we can decide what to do at different points of live market
I hope u have the same opinion
Opening week GBP/USD tradeOn the daily chart we took buyer liquid above the right shoulder resistance level , so I expect a short term pull back to smaller right shoulder below the right shoulder at 650 at least … wait for later session and a bull trap above the trend line for the short opp back down .
TRON retains bullish structure after liquidity grabThe move below the higher low at $0.0752 on 1 June was a liquidity hunt since this break of structure (formation of lower low) was not followed by a lower high and another lower low. Instead, prices pushed past the previous local highs at $0.08
Fibonacci retracement levels showed the 78.6% retracement at $0.0765 was retested as support and TRX bounced higher. This suggested TRX could reach higher to the 23.6% extension level at $0.0885
Entry: $0.0773
Stop-loss: $0.0738 (below the recent low)
Take-profit: $0.0885
R:R- 3.1
Given the sentiment in the crypto market, profits can also be taken near the $0.0858 mark
Fake Breakout / Fakeout BTC 🔄This view of BTC comes from a background of Price action trading. Trading Fakeout's are quite common in the Forex market and have proven to be a cornerstone of my Trading Strategy.
Fakeout's occur on all timeframes and take the market for an unpleasant ride. Traders Buy the breakout or in this case Short the breakout hoping to jump on the train and continue to lower prices. The liquidity that is generated is consequently used by large players to
1) Scale out of their short positions and
2) To gradually accumulate opposing orders ( In this case Buy orders )
Fakeout's are not hard to anticipate and are somewhat similar to trading support and resistance levels.
The only difference being the sequence in which the market sets itself up prior to the support and resistance bounce.
In this case we can observe that the price on the Daily timeframe has been bouncing between 26,400$ and 27,400$ since May 12.
Price recently closed quite the bearish candle on June 5th ; closing outside of our previously mentioned range.
A good Risk/Reward idea suggests that we may bounce from the bottom of the range.
Retest Bitcoin! Or a Dip and go? 🎐Headed to 24,300$ Daily Support and also Weekly S/R Zone. The question is if we have a sweep of late short orders and an abrupt pullback to our previous Daily S/R Zone (26,301$) before further downside. Now that we have gained liquidity after sweeping above 27,400 Daily Resistance level, probabilities suggest we will continue to the downside. We did not have this bullish sweep when I posted a short analysis on May 25th when pricee dipped to 26K. With the new Monthly candle came re-invigorated bears. I think it's safe to say that Bull positions from earlier in the Year took profit around 28K to 30K after the asset was up 80% on the year. For an Institution was that not enough? I doubt it and am thinking that they have taken some profit. As the Second Quarter comes to a close, we can see that price has pulled back 17% from the highs and is still 55% up on the year. We have some more downside to give on BTC. This Daily engulfing candle will create some fear for those holding from earlier in the year. 24,307 is not far off and we are offically entering another Bear market at least in the Medium term. Lower Lows and Lower Highs as Bitcoin backs off 30,000$.
USDCAD - Bears Took Over, Now Wait For Bulls! Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart) we have been stuck inside a big range in the shape of a symmetrical triangle, so we have been trading it.
Now USDCAD is sitting around the lower bound of the symmetrical triangle again so we will be looking for buy setups on lower timeframes.
Moreover, the green zone is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline. (acting as non-horizontal support)
As per my trading style:
As USDCAD is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURAUD I Approaching daily structure and strong demandWelcome back! Let me know your thoughts in the comments!
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