MDA/BTC has drawn two engulfing candles in the last 4 days. Bullish engulfing candles are generally a good reversal indicator, and now we have two of them!
In October this pair has seen some strong growth with big candles drawing in rapid succession. Will history repeat itself?
Im considering Resistance 1 and Resistance 2 as two potential targets, feel free to...
Hello everyone:
Let's take a closer look at the Ascending/Descending channel structure in the market.
Typical ascending channel will happen at the top of the overall price action, and once the correction is finished, we have a high probability to see the price reverse.
Whereas a descending channel structure will form at the bottom of the overall price action,...
WEEKLY- I set my timeframe to weekly so that I can set my area of support and resistance. and also to see what is the current market stage is and it is currently in its Distribution stage.
Daily- I set my Timeframe to daily so that I can start predicting what will or where will the market go. And based on my analysis the market is in its resistance and also on a...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for EURPLN, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Hi traders:
EURGBP is looking great for further upside potential.
Price has mange to break out of the descending channel, and pushed itself up impulsively.
Late price is consolidating, good indication for a correction developing, and we can expect further push up.
Wait for correction to complete and look for buy entries.
thank you
Hello everyone:
Hope everyone is having a good weekend and is preparing for the next week.
I will be starting to do these weekly trade recap videos on a weekly basis starting in 2021 January, and want to hear feedback from everyone in the community on this style of educated information.
Let me know what you think of these types of contents and formats...
The price bounced from 620$ resistance in the 3rd time, and we should be ready to get a double top . It is a reversal chart pattern. RSI gives a bearish signal. The same goes for MACD histogram.
I think the next market movement will be towards the support (500$) If the price can stay above this support, we will get a sideways movement between 500$ and 620$ or a...
Hello traders:
Looking at AUDNZD for reversal price action from the previous swing lows.
We see price has been in this fallen wedge structure, correcting itself down.
We finally see price is attempting to breakout the wedge, and signs of bullish momentum coming in.
I would like to wait for a complete breakout, follow by a continuation correction on the LTF...
Hi traders:
NZFCHF finally showed us the LTF reversal price action that I have been waiting for all these weeks.
Price formed this ascending channel correcting the price up to the double tops area, and a short period of consolidations.
Then quick move on the LTF as we see price dropping.
Now it seems like we can get that continuation sell, if a correction...
Hello traders:
EUIRNZD has made its bullish push to the upside from the previous descending channel structure.
WE have a confirmed breakout from the bottom, and a strong bullish impulse move follow by a small correction. This was the first buy opportunities.
Latest price action is consolidating, forming another correction after the strong push up.
Good...
Hi traders:
Similar like EURNZD for more scale in entries opportunities.
Here on EURAUD, we see price has hit the previous lows, and double bottoms confirmed with this channel like structure.
We see LTF had its bullish price action to push up the price out of the reversal channel, good sign for further bullish momentum.
I would wait for this current...
Hi everyone:
NZDCAD has finally broke down from this long term ascending channel structure that I have been patiently waiting for.
We know that when price is corrective, the price likely to move up and down for a period of time. This first bearish impulse can be the start of the next bearish trend.
I would now wait for a clean, LTF continuation correction to...
Hi everyone:
Paying close attention to CADCHF for the continuation sell on the LTF.
Price has been in this larger corrective structure after the previous push down.
We see a double tops, few swings lows and highs, good indication this correction can be over.
Latest price shows us the first bearish push down, followed by a correction in the making.
Wait for...
Hello traders:
Liking the price action on USDMXN for a reversal price action from the bottom.
WE can see overall price action is in this larger, HTF channel structure.
Price is corrective in nature within the channel, and finally we see some reversal price action at the bottom.
Latest price gives us a recent double bottoms, descending channel at the bottom...
Hello everyone:
Still seeing NZDCAD price action to have the next strong bearish momentum to come in from the top.
We see price has been in this latest ascending channel, correcting itself up.
A recent double tops, price can begin its reversal from this point forward.
The safer entry would be the breakout and a LTF correction to follow.
Or, look to see...
Hi everyone:
GBPJPY with its latest price action may give us a bearish move down to the bottom of the structure.
WE can see price has been in this larger corrective pattern for quite sometimes now since the previous bearish drop.
The recent price action is consolidating in this area, good sign of a bearish reversal can come in.
Look for price to develop some...
