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Structrue

EURUSD| Weekly OutlookSame story as last week — still patiently waiting for the major engineered liquidity above to get cleared before considering any meaningful longs. That said, EU is currently offering a clean structure for short setups into the downside order block. Everything is lining up technically, but it’s important to note this is a counter-trend move — and personally, I’m not taking it. It’s tempting when structure looks this clean, but I know it’s not my proper approach. For me, the real play is still higher — waiting on that bull-side OB mitigation to align with the bigger picture narrative. Until then, I’ll let others chase while I sit on my hands. Pure discipline only. Bless Trading!
by Juicemannn
7
Did You Short Crypto Like I Told You ? Hello traders: Most of the market are rather bearish in the last week or so, and crypto is certainly dropping like what we expected. From beginning of December 2021, I have already been discussing the possibility of short on most of the crypto from a technical, price action point of view. After my original idea of a short when price is on route to finish the ascending channel reversal, we indeed see the impulse phase down. After, a consolidation correction form, and another impulse phase pushing down, breaking the previous lows. What's likely to happen here is another consolidation that can confirm the downside move to the Next swing lows. Be patient here as price is likely to correct, so don't enter unless confirmation is met. Thank you Dec.01.2021 Forecast/Analysis DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first to sell you anything, nor ask you for money. Be alert of fake and scam channels/groups/platforms using my name and channel/group name to show unrealistic results and profits to sell you scams.
CRYPTOCAP:TOTALShort
by jojofang0901
9
US OIL 1 Day & 4 HR - Head & Shoulder Bottom Secondary BreakoutAbout a month ago we took a look at US Oil & identified a classic reversal pattern called a head & shoulders bottom. We predicted a breakout from this level, however, there was a previous level of structure slightly above the neckline that I thought would be tested first. After nearly a month of consolidation, we've finally violated that level which allows me to predict a continuation higher. Two extension levels that I have on my radar are the $59.50's level which hosts both a 50% Fibonacci retracement & a 127.2 extension. And the $64 even handle where we have confluence between the 61.8 retracement & the 161.8 extensions. Your Trading Coach - Akil
OANDA:WTICOUSDLong
by Akil_Stokes
6
USDCAD 4 Hour: Bearish Trend Continuation SetupNow that we've closed the New York session by putting in a LLLC below the 128.30's level, I'm now predicting to see a bearish continuation here on Canada. When will it happen? How will it happen? Who knows, that's the markets decision. All i can do is use my skills of technical analysis to try and make the best prediction that I can. After being broken, previous structure is typically retested. In this case that would mean support turning to resistance. So what i'll be looking for is a chance to enter short as the market becomes exhausted and finds some relief. The 129.00 price is a great psychological level, but my initial kill zone will begin as low as 128.50's. We'll be tracking this as the week progresses in my Live Trading Room but I'm certainly in no rush to "get involved" until my rules for entry are met. With a handful of news events setting up for tomorrow including USD Retail Sales, PPI and CAD Monetary Policy/Rate Statement I'm in no rush to jump in a trade that I'm not 100% sure I want to be in. Excellent day of trading today gang! And if you didn't see the video I produced explaining why that's not always a good thing make sure you head over to my Youtube channel and check it out.
Short
by Akil_Stokes
8
NZDJPY: SYMMETRICAL TRIANGLE ON 4 HOUR !!!Hello Traders, Here we have a VALID SYMMETRICAL TRIANGLE on FX:NZDJPY that is formed when market is putting in lower highs and higher lows. This give us a signal that neither BUYERS nor SELLERS are able to push the price far enough to make a clear trend. This can also be referred to CONSOLIDATION , since the market movement is limited between the top and bottom parts of the triangle. Do keep in mind that SYMMETRICAL TRIANGLE can be broken in EITHER direction. Personally I would favor the breakout to the DOWNSIDE (2nd Scenario) because it will have higher winning percentage since it will be in the direction of the MAJOR DOWNTREND . NOTE #1: I labelled the target to the downside as "TG #1" and that is because I will also be looking for a structurally based 2nd target. I'll post another chart with the 2nd target labelled, under this description section. NOTE #2: AFTER reaching the 1st target to the downside, there is no other structure present until we reach our 2nd target. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Short
by moneymaking
10
EURJPY SHORTPRICE IS STRUGGLING AT AN IMPORTANT STRUCTURE WHICH HAS ALSO FORMED A SMALL DOUBLE TOP. PRICE ACTION IS SHOWING THAT SELLERS ARE PROTECTING THIS LEVEL. THIS IS LOOKING LIKE A GOOD OPPORTUNITY TO GO SHORT IN LINE WITH THE DOWNTREND. IF PRICE MANAGES TO BREAK THE STRUCTURE LEVEL THEN THE NEXT LEVEL TO LOOK TO SELL IS AT THE 200 SMA WHICH HAS BEEN ACTING AS A DYNAMIC TRENDLINE/RESISTANCE AND IT IS ALSO IN CONFLUENCE WITH THE 61.8 FIB LEVEL WHICH IS MAKING THIS TARE A HIGH PORTABILITY WE COULD GET SOME DOWNSIDE PRESSURE. TARGET AT 126.000
Short
by remelthomas
CTS Trade on the EURUSD LongAs we progress on the EURUSD we can see a potential change in Price Action to the high side on the EURUSD. As A combined technical score setup trade. I am looking for a couple of things to get me involved in this setup. 1. Pull back of Price Action to 0.382 2. RSI to be oversold 3. Double bottom or for price action to show signs of rejecting near term support We are somewhat close to reaching my predicted levels. Its just a matter of patience and for me to wait on this one Good Trading Guys
Long
by Siyabonga_Ngcobo
2
A long setup in USDJPY seeking to continue the old trendThere is no doubt that the bigger trend right now in most of the USD pairs has remained bullish and fundamentally speaking there is no reason behind the recent USD bear moves but profit taking of the massive long positions. Remember: Nothing moves in a straight line Now about the technicals: DXY fell sharply last week in a fashion that has happened once a few month since its big rally, which mainly shows profit taking by the bulls and often takes less time than the previous impulse. In this manner DXY has acted more like the stocks in the time of their crashes. Showing devastating bear moves and hunting for stops. Whether or not the bears are done is not clear but I have stacked a good team of high probability indicators to get long: We've hit the previous big support from the previous crash in USDJPY and bounced. We're very close to the 61.8% retracement of the whole 5 wave move to the upside. We have a pretty well-respected Median Line that we've just hit its 1.5 warning line. An A=C ABC move has just terminated. I've taken half of my positions now and will take the rest once (if) we break the high of the B leg. (This way I would be more sure of my position because we'd have a higher high.) I've put my initial stop at the next support. Hitting there wouldn't void the setup but this is much better than putting it below 116.00 handle simply because there will be too much risk to take. The profit Target is the least I'm looking for; a new high, if the analysis is correct.
Long
by DavoodWadi
5