Get started

Resistance_level

#USDCAD another selling opportunityIf you remember we already took one successful short trade from the previous red arrow and although we were expecting price to move further down and create new low for higher timeframe this didn't happen. As a result price went up and giving us another selling opportunity. As you can see in the picture price is at important static resistance area and just below 4H and 1H EMA which both acting as resistance. But the thing that we should be consider before taking position from the area that price currently is sitting on is the possibility that if price wants to come and take liquidity from the local top that formed earlier and since there is a lot of stop losses could be a good target for price to reach and take out liquidity. So if you want to take position from this area keep in mind the possibility of price moving higher to take out loquidity.
Short
by mohemati
#EURAUD bearish continuation very well and clean bearish market structure in 4H time frame, price forming lower lows and lower highs and right now price seems like to forming another LH. Price currently testing short term bullish corrective upper channel line which act as a resistance for the price. moreover, price is at static resistance area which add to our bearish confluences. Should be noted that price is below 4H EMA and 4H bearish trendline as you can see in the picture. Also in 1H time frame price formed bearish hammer candlestick formation.
Short
by mohemati
BITCOIN brief correction to the downside❌🧨Hello 🐋 based on the chart, the price is close to the resistance area and channel resistance ✔️📚 so first range candlesticks to the upside and downside before any other sharp movement is logical 📖 and more correction to the downside, at least close to 24k is our main target ❌🧨 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
12