15min
Bitcoin in small timeframes#BTC 15min
In small timeframes, you can determine the local levels of resistance and support from which the price will determine its further direction. Now we can stay for some time inside the triangle, the breakdown of its upper edge will give a push to move higher, the lower one will indicate the priority of further reduction to the recent minimum.
EURUSD short term short positionHey, so looks like EURUSD has been overextended on 15min rsi + macd. Pennant forming what seems to be a rising wedge. Volume is dropping off. Waiting for a volume spike. Macd has extended convergence = higher probability of volatile breakout. Green dotted lines are higher high/ higher low support & resistance levels. Arrows represent long and short limit positions. SL would be approx 0.025% on other side of the line. Note that we are getting a bullish hammer candle on Daily.
EUR/USD - 15min Scalper & Week Ahead Price action finished last week in the tip of a nice minor wedge. Moving into this week I will be placing intermediate support zones formed around 1.17288 and intermediate resistance levels around 1.1839. Monday should either break up out of current wedge to upside to retest last weeks highs or break down to test intermediate support and follow thru with the break to 1.1675 at lower levels previously formed. With the major news this week on both sides I will be tracking and scalping the minor waves with a close eye on the calendar and active intermediate momentum. Expecting choppy indecisive price action throughout the week as we consolidate into the major patterns on the larger timeframes. I will be waiting for minor patterns and price action waves to signal and confirm entries and exits of my scalps. I use this platform to create a record which I can review to continue evolving and adapting my charting systems. This is not trade advice or signals . So trade with care, peace and pips. Hope it helps and crush the markets this week traders!
- Grateful Chart Artist
USD/JPY - 15min Scalper & Week Ahead The 15min scalper looking like the embedded short term wedge is coming to a point. Monday should give a nice couple scalps and I will be tracking the minor waves looking for entries throughout the day. I am not expecting any wild movement until the major news later in the week which should give a some major volatility for scalpers. Currently price action is wedging, ranging and consolidating on multiple timeframes so scalps this week should be fun and consistent in both directions. I am a manual active session scalper so I will be sharing the entries as I take them but looking forward I have a bearish bias. As a scalper I try and not focus too much energy on the larger waves momentum but keeping an eye on the major trend is important. I use this platform to create a record which I can review to continue evolving and adapting my charting systems. This is not trade advice or signals .So trade with care, peace and pips. Hope it helps and crush the markets this week traders!
- Grateful Chart Artist
BTCUSD - Forecast For 30th MayHi guys, everyday I will post a forecast analysis on BTCUSD. It could be useful for daytraders in order to identify potential movements expected during the day according to technical analysis UT15min.
My analysis is mainly based on trendlines , supports, resistances and most common chartist patterns.
No need too much explanations, the chart speaks by itself. If you have any questions feel free to ask by leaving a comment.
Economic news of the day:
ADP Nonfarm Employment Change (May) (USA)
GDP (QoQ) (Q1) (USA)
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Happy trading!