EURGBP is forming a sideways pattern at its lows and the technical picture favors one more leg up and a potential breakout.
We open BUY orders at current levels (0.8400-05) adding more at 0.8380. We will set the stops below 0.8368 targeting 0.8430-35. If price breaks above 0.8430 on an hourly close we will buy again for 0.8470-80 target, setting the stops below...
Hello traders:
Here on GBPCAD's higher time frame outlook, we can see price is at the bottom of the overall price action.
A larger, deeper consolidation here is a good sign of a continuation development, after seeing the previous impulse phase.
Latest development here is showing a double bottoms, and some bullish reversal price action.
Watch for this inverse...
Hey everyone, checkout Mina chart, everything is explained on chart.
We are in a trading range right now, break of this level can end to a sharp move toward higher prices, Ghost feed is drawn on cahrt, you can see the path I think the price will follow.
Enjoy
keep in mind, its not a financial advice, its just an idea, trade on your own risk management.
Hey there traders, welcome back.
* This is not a financial advice, use the idea with your own strategy and risk management *
few days ago, I published a tutorial on how to recognize wedges and how to trade them ; LRC has also formed a wedge, described on the chart, I believe its going to breakout of top and have a second leg up as SAND did.
anyways, if we...
Important things to note:
BTC is close to finishing its correction.
BTC hit 56.5, I told everyone it might go to 56.4, close enough.
BTC will have to push up above last low to insure bullish movement.
It looks like BTC is heading lower than I expected. I still think we are nearing the end of the pullback.
Unit then BTC will bounce around until the move is...
Hello everyone and welcome back.
I've decided to write this idea so you can have a bit of insight on how XAU price might act.
I have pretty much written down everything you need to know on chart but here is some explanation:
1. Gold price have been in a descending triangle and recently we broke out of it
2. We also broke out of yellow resistance zone.
3. after the...
Hello everyone, welcome back. I hope you guys doing great.
First of all before we start I'd like to remind you guys that this is not a financial advice, I'm just looking to share what I see on ADA chart and explain what I think about it, please trade on your own risk and do your own research.
Well ADA is one of my favorite crypto currencies, I'd like to say it has...
Hi traders:
Been very busy with other sessions but do find time in between to do some trade analysis and forecast :)
Here on UKOIL, we can see a nice higher time frame structure in the making.
With a few swing highs and lows, signaling a potential completion of this structure.
The latest development shows us an ascending channel, correcting the price up...
Hi everyone:
Looking at Silver here for the bullish long term outlook.
From my previous analysis, I mentioned a downside from the price to the previous lows on the higher time frame would be ideal to lead to a long term buy.
Finally, we see price correctively move down to the HTF lows within a descending channel, a potential double bottoms as well.
Latest...
Price action is in a descending parallel channel
and RSI is also below a trend line
break from trend line with confirmation will Result
the price reaching the top of the wedge
Entry from 2.0 or 2.5 or break from channel
Hello everyone:
Not many trades entered this week.
I was on vacation during the week so wasn't too active on the charts or in my community.
Will share these trade results from entry, SL/TP, management and overall analysis.
EURAUD:
Full analysis/forecast:
GBPUSD:
Full analysis/forecast:
SOLUSD:
Full analysis/forecast:
Any questions, comments and...
Hello traders:
Lets take a detail look into GBPUSD's current price action.
We can see after the strong higher time frame impulse move, price develops into a larger, deeper consolidations.
Within the larger correction, a descending channel structure was also formed.
Good confluence here for a possible bullish reversals.
Now that price is at the bottom of...
Hello everyone:
Sorry have been fairly busy with other things, but here is some good potential opportunity on SOL.
We can see price has manage to continue its bullish move from my previous continuation correction that I point out in the latest analysis/forecast.
The latest development has show price indeed break above the all time highs, which is good sign...
Hello traders!
due to Broadening pattern which highlighted on chart we expect that BTC will no longer goes lower and as you can see BTC was failed to break the pattern ,also based on volume divergence between last 3 heikin ashis and RSI oversold zone the possibility of upward move increases
your sincerely
Ghost
Bitcoin Descending Wedge Pattern Potential Reversal - 1H Bitfinex
This could be a potential reversal pattern for the current BTC downtrend. Let me know what you think of this pattern and if you think we come out of it bullish or bearish.
#Bitcoin
Important things to note:
BTC is on its way to completing its cup and handle pattern with around 100k target.
TOTAL2 Started its consolidation following the impulse on NOV 10th (This is not bad).
ADA has shifted its trend to upward moving.
ADA is starting to work on the 2nd side of its basing pattern.
There has been a few months of consolidation for ADA, this...
