1hr
SPY - 1H Let's see if it has bottomedSPY gapped up this morning on the open but has been pulling back since around 10:30 AM (right around the time London closes). Since around 12:30 PM it seems like it has been trying to create a base. I am looking for a move above the previous candles high but so far the price has managed to hold the gap level from this morning.
Should the price continue higher I have my potential price targets noted.
XBTUSD 15 minute Triangle pattern that could go big!!Checking out this Triangle forming on the 15minute chart. Interesting thing is that we are trading in a decending wedge (1hr)
if a triangle does fully form and breakout then this could mean a good breakthrough to the bottom side of the wedge we're trading within and it would also mean a decent close below a VERY STRONG support line on the 4Hr (Purple line).
I'll be watching this closesly.
GBPNZD BUYI'm going for a demand zone on the 1h at 1.9978. As you can see, there are two demand zones but I choose the second one because the first one was tested, even though I prefer it over the second one. There is a good chance that there were still buyers there and it will take off. I don't mind. I rather deal with a mediocre untested zone than a tested great zone. The Daily chart indicates that the pair is sideways and the weekly chart indicates it is low in the curve. Both the hourly demand zones are inside a Daily demand zone, which increases my confidence, along with the relative strength on the Daily that shows the GBP is still king as the strongest of the major currencies versus the NZD being the weakest of the group. My target isn't exactly an opposing supply zone but a resistance level.
1hr inv h&s for a temporary longThis could take us as far back up as 9k but Im gonna be smart and close my long a pip below the breakout target. In order for it to reach that target it will have to have the 1hr 200ma maintain solidified support...which it looks like it should have no trouble doing. seems to be following my white speculation squiggle pretty well so far.
BTC breaking up from falling wedge. Target: 10.6-10.8kA great sign as it appears BTC is finally breaking up from it's falling wedge. It appears the biggest of the potential falling wedges(the dotted purple one) may be the most valid...in which case the projected break out target is around 10.6-10.8k. This should allow us to break up from the 1 day charts green bull pennant too at the very last minute which should lead to additional upside...I anticipate this will take us up to the neckline of the inverse head and shoulder pattern we've been watching for some time now.
USDCHF 1H - Move along Trendline to Daily R3/Weekly R2OANDA:USDCHF
Price currently moving up along a trend line that is also the 20EMA and mid Bollinger Band. Reaching a squeeze point between the Daily R1 and 75 Fib and upper Bollinger Band. Expecting price break to the upside to the daily R3 which is also the weekly R2 and psychological 0.9980 (just below 1.00).
Watch for a break of the trendline to the downside as price could retrace to daily Pivot at 0.9890 and 55EMA.
eurnzd short termeurnzd was in this consolidation period for a while now but there was some big moves on 4hr chart that I took notice of. Price rejected daily trendline and made a bear flag which worked and than price made another correctional move followed by a rising wedge which gives me 2 confirmations that markets are going go lower.
audusd short setupDaily chat is showing descending channel being made. Going on a lower timeframe, price respected resistance zone 3 times which is a triple top at best. Going on the 15min for entry, I see price also made a rising wedge + 3 minor triple tops as well so this has me believing that price will go lower.
euraud short setupeuraud daily shows a channel. 4hr and 1hr shows a smaller channel within daily channel. 15 min shows all the correctional moves and where price will move likely.
waiting for price to make another correctional phase so I can enter.
wti short movedaily chat shows price consolidating in a triangle so I went into the 4hr/1hr and saw price rejecting yellow trendline.
Price then made a double top so waiting for breakout and retest to confirm trend.
GBPNZD long setupdaily chart showed support which was respected many times. Going down a timeframe, price reacted off trendline and 15min shows a descending pattern emerging in which I hope breaks out the upside.
EURJPY - 1H ChartHello Traders,
I see a possible Long if the price can push to 121.750 and the EMA crossover.
Be patient, Good Luck.
BTCUSD FIB HRLY channelsBTC is still trending up in the channel and is painting another flag.
A break of the top channel (1.618) should give us another good move up. Lets see where BTCUSD goes next.
We are still long and looking to add on either the breakup or a dip into previous (now broken) resistance which should now provide support. (horizontal 0.50 and 0.618 Fibonacci levels)
If you still need to go long then its best to wait for a dip first.
Reminder: As stated many times before, please be aware of the higher risk on all altcoin/BTC pairs at the moment. When BTCUSD is very bullish, all the altcoins experience extra sell pressure. You can use this extrapolated volatility in your advantage just remember to always watch the king!
