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Bearish price action and pressure.
bearish waving market with several pullbacks and spikes.
Very bearish market strucuture found its support and need a pullback now!
due to last BTC analysis, downtrend just happened as i expected. now BTC is in very important situation.
now the "c" wave completed, so i expect to reach at least $ 10,400. but consider that if $ 10,400 resistance failed, then BTC can go to the next zone target at $ 10,800-11,200 .
and then again, i hope that next downward trend will begin as "e" wave
CADJPY buy set up -
The market has formed a teacup on 4hr TF
since 17th April and up close a W is forming.
Anticipating a move to the upside from resistance trendline break
resulting in a 115 pips move.
For CJ to continue rising it must break the resistance trend line.
After analysis i can say we will see from now UP TREND.
When come near 300 pips you can contact me for TP2, or i will update late.
Chance for invest 100% good.
MACD is above midlle line 0, that means higher chance for higher UP TREND and better volatility .
Stoch is in good position for revers.
Donchian zone is from last 25 days for UP TREND.
The IMF said the U.S. currency is overvalued by 6% to 12% based on near-term economic fundamentals. The dollar index, benchmarked against a basket of six currencies, fell 0.2% on that, boosting gold which is a contrarian trade to the dollar. In another hand, markets are currently pricing the odds of a quarter-point interest rate cut at 100% for the end of the...
D1 - Price has reached the bottom of the channel.
H4 - Price has reached the critical zone that has formed based on the fibo levels of the cycles and the bottom of the daily channel and is currently moving higher. Bullish divergence.
Until the critical zone holds, we may look for short term buys with more bullish evidences.
Invalidation: If the price breaks...