Hello everyone:
GBPJPY for the last few weeks were not on my watch list due to the previous swingy price action on the LTF.
But now what we are getting from the market is shaping up for the bearish sell setup.
We see price correctively move up within ascending channel, and hitting the top of the LTF channel structure. This is good indication we may see some...
Hello everyone:
Few USD pairs have picked up some momentum, and USDZAR certainly is shaping up for the continuation.
Latest price shows us a descending channel reversal, and we see a LTF bullish impulse, breaking out.
The confirmation here would be to wait for a continuation correction on the LTF for entry to the next swings high area as a potential...
Hello everyone:
Focusing on BTC's lower time frame price action for the next buy entry.
We have seen price made a massive bullish push to the upside, clearly we are in the bullish trend now.
Recent price action had a strong pullback, taking out many traders in between.
However, the latest price is once again giving us bullish price action...
The coin has been consolidated in the channel for a long time. I perceive this consolidation as an accumulation of volumes. The accumulation has been a long time. Now there are low-range candles and squeezing at the edge of the trading range. I'm waiting for the exit and flight up.
💥All good mood, and profit .💰
Hello everyone:
Welcome back to another weekly trade recap video. This week I got evolved in 3 additional positions, and I currently have 4 trades that are running as well. So let's take a look:
AUDJPY -
First Trade -Full 1 % loss.
Second Trade: Entered once price completes the channel, recent double tops, breakout entry.
Running about 1%. SL at BE.
NZDCAD...
☑️ EUR_USD broke out of the bearish flag pattern
And fell to the support area
The pair looks weak and the correction is overdue
Therefore, IF we see a breakout of the current support
Then we go short
With 3 targets in mind
The final one being the next support area
SHORT ↘️
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EURCAD - Technical Aspect: Friday quick trade idea!
Pattern: Triangle Formation
Resistance: 1.53825, 1.53940, 1.54120
Support: 1.53610, 1.53500, 1.53390
A break towards upside of resistance areas, target area of 200 EMA or 1.53940 area.
A break towards downside of support areas, target areas 1.53500 will come into play.
How to approach this trade idea?
Add...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: GBPNZD is sitting around a strong resistance in orange so we will be looking for sell setups on lower timeframes.
on M30: GBPNZD is forming a head and shoulders pattern (still an idea) so we will be waiting for the right shoulder to form to consider it...
I know this is a stretch of the imagination here but could we be setting up for a similar pattern out of the beam bands as in 2013. You can see this in the link provided how Bitcoin broke through the Beam bands twice. The first break out was 156% above the Beam bands with a total 1800% bull run from the bottom of 2013. We then established a low down to between...
Hello, Traders!
AUD-CAD has established a double top
With the lower high
And then broke out of the rising channel
Which is a very bearish sign
Even though AUD-CAD is trading in a steep uptrend
And a correction is overdue
The totality of these factors make me bearish on the pair
And I expect it to fall with 3 targets on its way
Although the pair might...
Gold has been in correction after reaching ATH and there is still lots of profit in shorting at accurate levels. I cleared the chart and made it as simple as possible which is always much better to see what's going on. There is a clear rejection outside the channel and we see a dense rising wedge at 4H. Bulls may think about taking profit inside the green triangle...
Technical view of AUDJPY: Quick Intraday trade idea!
Pattern: Bearish Flag formation longer term, within intraday - Playing a H&S pattern - Confirmed once broken the trendline up - (Highlighted the key area in Blue)
Support: 80.400*, 80.290, 80.170
Resistance: 80.600*, 80.700, 80.830
200 & 50 EMA - 80.400 is a key support area where it holds the trendline up as...
Due to the changes in the trend of this index and the pattern of the Inverted Cup and Handle, the index in question may be forming this downward pattern. what is your Idea?
The question for me was, why did Bitcoin stop now?
I came across this pattern when analyzing the weekly chart on a logarithmic scale
Bitcoin is moving in a rising wedge pattern.
If Bitcoin can break the pattern and get a reaction from it, it will rise to 5.618 fib
otherwise it will probably fall to 1.618 Fib
Hello Traders! I would like to let you know that AUDUSD is catching my attention. After a long period of rally, the price of AUDUSD is prone to fall. You can take advantage of its drop with the probability of making 600 pips if you time the entry well and hold your position. All the best!
