Hello traders:
Looking at GBPNZD as if made its way up to a HTF double tops area.
Even though price broke up from this HTF channel/flag structure, but price moved up correctively. It formed ascending channel reversal structure.
Then we see price had a strong LTF breakout from that reversal correction.
Wait for clear continuation correction to get in on the...
This pair has been making clear flags and has been abiding by the basic rules of trading patterns.
Wait for a flag on the lower timeframe and enter on the break of flag. See below for bigger timeframe analysis.
Goodluck and trade safe!
Head and Shoulders set up, waiting for a break lower was hoping for this last week in the smaller time frame H+S but may have to wait for a neckline break or a little push higher to make a right shoulder
Bitcoin remains to be bullish above 50k. In the last bitcoin analysis, we identified the ABC bullish parallel correction that we're currently in. Price bounced off beautifully off 618 and 50k region.
We should remain bullish until the major channel is broken. If it breaks, we should then think about how we can sell for the short term.
Goodluck and trade safe!
Bitcoin remains to be bullish above 50k. In the last bitcoin analysis, we identified the ABC bullish parallel correction that we're currently in. Price bounced off beautifully off 618 and 50k region.
We should remain bullish until the major channel is broken. If it breaks, we should then think about how we can sell for the short term.
Goodluck and trade safe!
Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
As I told you before, I noticed the weakness of the trend on CHZ and now as we know BTC is changing the rules and preparing the second scenario where I told you that $CHZ could touch my ideal buy zone
0.29$ but now, without beign conservative I'd invite you to re-think on 0.17 and have some savings for a possible scenario of 0,08$ if btc breaks the 47k$...
Dash is currently in descending triangle pattern which means the price can go both up and down, the price must stay at 200$.
DASH/BTC also needs to breakout and after that the price of Dash won't be affected by Bitcoin dumps so hard.
Will update this idea when the breakout happens.
Still it's just a pattern and it could go sideways, let's wait and see where the...
Hi everyone:
NZDCAD has been dropping very aggressively from the top of the higher time frame ascending channel.
we see price made several impulses and corrections from the top. Good indication we can expect this would be the next HTF bearish run.
Now I am Looking for price to continue its bearish price action by breaking out of the HTF ascending channel, and...
Hello everyone:
Also looking at EURNZD for the bullish reversal from the bottom.
We see price has been correcting itself down within this larger higher time frame descending channel.
We hit a daily double bottoms, and price had a initial impulse up. Then a bigger, deeper consolidations formed.
Patient is key here to wait for the price to complete the...
Hello everyone:
EURAUD ha finally finished its higher time frame descending channel correction, and is ready for the next move up.
We see price has already made a lower time frame bullish continuation correction, and pushed the price out of the HTF descending channel.
This is good indication that we are seeing a strong bullish reversal from the bottom, and we...
