Forex Trade Update: USD/CHF Analysis Pair: USD/CHF Trade Type: Sell Entry Price: 0.90550 ? Stop Loss: 0.91200 ? Take Profit: 0.89000 ? Analysis: USD/CHF has broken out of the uptrend, confirmed by the EMA50 indicator showing a bearish crossover. This setup indicates a potential downward move. The sell entry is positioned at 0.90550, targeting the support zone at 0.89000, with a stop loss at 0.91200 to manage risk effectively. Risk/Reward Ratio: ? Favorable ? Monitor the price action and EMA50 for confirmation of the trend. Stay disciplined and trade wisely! #Forex #USDCHF #EMA50 #Trading #Breakout #MarketUpdate
#VTHO had made a great move yesterday ... According to elliott wave micro count, it has completed it's 3rd wave and now will move towards 4th corrective wave into green box region.... It must hold that region and then it will complete it 5th wave which equally matches with the target of 3rd macro count.... After 3rd macro count we can see slight pullback creating 4th corrective wave and then final macro 5th impulse wave will be made by #VTHO
I think there can be little doubt as to the fact that we ARE on the 5th Elliot wave and so an ABC correction should be expected. The question is how Deep will that go And we all know how hard that is to predict, Stupid to try and be to clever about it, even more so these days with times changing in Crypto world However, given market sentiment, I do not think it will go to deep TradingView has an excellent tool for Elliot waves but I do think this is predicting a drastic drop in error https://www.tradingview.com/x/vUHHPnMn/ As you can see, it suggests a drop down to around the 200 EMA ( Yellow) at around 51K ! I do not think we are going to see that just yet. Bitcoin has broken so many rules again. Including the bearish pennant it destroyed in Jan 2023 For me, I think it is highly unlikely we will Drop to far and the long term rising support line off Jan 2023 is the Floor for now. Even a Vertical drop from our current position would being us to around 73K on the rising Support line. We are most likely in for a long Ranging again and we have yet to fully see the range width ( having said that, it could drop like a Stome, be prepared ) The deepest dip so far this cycle has been -29% when we ranged for 6 months in March - Sep 2024. This then bounced off the rising support and brought us to where we are now. So could we see an ABC correction in a similar range ? YES - a -30% Drop also brings us nicely into the still open CME gap at 77K - 80K. It needs filling and CME Gaps ALWAYS get filled eventually. A Dip like that over the next 6 months would also reset the overbought Weekly MACD https://www.tradingview.com/x/AU87isuU/ As you can see, that MACD needs to reset, BEFORE we try for the Cycle Top ATH. It took 6 months to cool off in March - Sep 2024 MACD can range high but I have never seen that on a Weekly.........But......... Accumulation is still happening. Adoption of BTC is high So, in conclusion, we wait. The FED next week will certainly add to the Mix with its choice of Rates But what ever happens, BTC is currently OVERBOUGHT on Weekly - Rising from neutral on a Daily and falling Bearish on 1 & 4 hour It can move higher, it would be better if it cooled off for a bit And in the back of my mind, I still see that 2013-2017 Fratal that also suggests a -30% pull back - but we are getting late fo that if we going to stray on the fractel Time Will tell
1. Chart Description: • The chart includes candlesticks showing price movement over time. • Key trading areas and levels are highlighted, such as “ENTRY ZONE” and “BOS” (Break of Structure). 2. Marked Levels: • A purple rectangle under “BOS” indicates a structural level or demand zone. • An “ENTRY ZONE” is labeled on the right-hand side, suggesting a possible sell entry point based on price retracement. 3. Directional Bias: • The downward arrow points toward a target level, signaling a bearish outlook.
The Pound saw mixed results from UK labour data, but the UK's own Labour Department is taking the figures as a grain of salt. On the US side, US President Donald Trump brushed aside his campaign promises of sweeping tariffs against all US trading partners, focusing on new, more subtle tariff threats against US North American trading partners Canada and Mexico. Markets shuddered as investors tried to keep up with the new headline generator - President Trump. Investors were betting big that the newly minted US president would not impose tariffs on day one, as he has long threatened to do, but a new round of renewed trade rhetoric has market sentiment fluctuating in the mid-range. With only little significant data scheduled for Wednesday, pairs traders will focus on the headlines likely to be released during US trading hours. Pound traders will be keeping an eye on Friday's Purchasing Managers' Index (PMI) data from S&P Global, which is due out on both sides of the Atlantic. Trading recommendation: Watch the level of 1.2280, when fixing below consider Sell positions, when rebounding consider Buy positions.
#NOT in this chart I think there is no reason for bearish trend continuous because : 1) The market took its lower prices liq 2) hit a demand zone and this can make this coin fly But we have one reason for more correction and its TON coin more correction if this happen we can see more correction in NOT too its better to wait and see what will happen
The bigger the fuel_liquidity_ is , the bigger the move will be. So let's be ready. And be carefull ; this zone is not appropriate for sell (small volum otherwise).
Further to my previous Swing Short Trade given on ITC based on the Daily Charts, here is a Trade on the short side for those looking to take entries based on the Hourly chart. ITC can be shorted for an STBT trade since it has rejected yesterdays low and is also unable to sustain the weekly pivot. Target - 432 SL - Todays high
The price perfectly fulfilled my last idea. It reaced the target zone. FX:EURUSD is moving toward the resistance zone; however, the overall trend remains bearish on the higher timeframes. There is a possibility that the market might move down if it rejects psychological resistance zone at 1.05000 and the upper border of the channel. The market bounced off this level multiple times before, showing its significance as a key resistance. I expect that the market to initially push above the previous resistance zone, then followed bearish move from the trendline, channel bordre and key zone. My target is support zone around 1.03300 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
Hey there, friends! ? I’ve prepared a gold analysis for you using the swing trading style. ? Currently, the daily analysis aligns with the ICT market maker sell model. However, for these models to work, we need to see some sort of reaction in the market. Patience is key, so hang tight and wait for my analysis to be updated. ⏳ Once I spot a reaction, I'll share a golden target with you! ? Don’t forget to hit the like button to stay tuned for updates! ?