Hi traders: MA has a nice continuation structure forming. We see price had a strong bull move up, and now forming continuation correction. I would like to see price correctively move down once more and complete this channel structure and buy from the bottom. Alternatively, price can break above, and form smaller correction to go up. I am expecting that once...
The pair is supported by a nice parabolic curve which has shown multiple supports over the last days. This morning we have broken a structure to the upside, indicating buyers are in. We have a confluence area (2 or more fib levels) which is also the former top, and this will be my today's target, around 1.63800 levels Check out the ZOOM below to understand...
oil has been on an upwards trajectory ever since the April month and has done a series of Elliott waves followed by consolidation and corrections. to which point we are currently at the phase of a possible correction ending. before the start of a new trend. if you guys can help keep and eyes out and share input into the comments I'm sure we can identify the next...
The current blue curve which supported the pair multiple times was broken on July 13, 2020. I am buying the pullback assuming today's prices have reached a bottom. As you can see, we have high volume node (HVN) around the 61.8% fib level which is my level of interest (target), suggesting it could face a strong resistance at these levels. Trade at your own risk
The pair broke its nice curve which was supported multiple times, as shown in my chart. With GBP being weak this morning and USD strong, I am selling the pair and will target the first fibo level area. I will wait for a pullback to enter since the pair is already down 45 pips. I will enter at a 50 or 61.8 retracement (pink fibo) from the top. Trade at your...
Hi moneymakers, Allright, so an exotic pair.. lots of movement on this pair most of the weeks, so lets fasten the seatbelt. Ok, so we have a lot of rejections on the daily wich is giving us the information that the bears seem to be failing to push lower. And what happens when the bears fail, YES, the bulls come in, wich is also in line with the chart pattern at...
Hi traders: How I see GBPAUD for the long term approach would be to patiently waiting for a larger higher time frame structure to develop. We see price had a strong impulse move down, and currently at the bottom of the channel structure. Such strong move requires larger, deeper, correction to develop before any continuation. Hence I will observe what the price...
Hello Trader! AUS200 index is in accumulation at 0.618% Fibonacci Level which is a Key level in Fibonacci retracement. If it breaks this pattern upside it will hit 0.786% Fibonacci Level and if it break it downside it will hit the next support area. Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly...
Hi traders: A quick update on EURJPY short from earlier week. Price did not breakout from previous lower time frame correction, instead it made another move up. Whats important is price move up correctively by forming a wedge structure up. Last bit of price action had a Head and Shoulder Pattern and a double tops formation. Price then impulse down strong,...
Rattern wedge on GBP USD, USD looks stronger today and a lot of traders are waiting for sell on GBPUSD< EURUSD, AUDUSD... So pattern wedge is the perfect option to find the entry level
Evening Traders, Today’s Analysis – BTCUSD- at key technical level where a short trade is valid with defined risk. Points to consider, - Rising wedge pattern - Local support (technical target) - Dynamic Resistance - Oscillators bearish divergence - Volume below average BTCUSD is trading in a probable rising wedge with the technical target in confluence...
The current curve is doing pretty well its job as a support. As you can see in my chart it has worked multiple times over the last days. EUR being very strong against USD at the moment I am taking advantage of the momentum to buy the pair. We have a current structure on M15 which has been broken to the upside (will show below) suggesting the pair could go...
Hi everyone: GBPJPY just like other JPY pairs have shape up for a nice sell opportunity. We see price dropped down from previous continuation structure, and begin to form a large, deep correction structure. As price slowly correct itelf up toward the top of the structure, we see an expanding ascending channel, also giving us extra confluence for a...
Hi everybody. In both circle BTC has not potential to grow up against Kijun Line (Blue Line). Also The candle is the same. So I think ascending channel will break in this week. Have fun with more money reach :)
Hello, on btc we have resistance just under 9800. I also noticed two trend lines that are converging. Lastly, there is a large head and shoulders which indicates and bearish reversal. I am more bearish because of the head and shoulders but still see bitcoin possibly testing 9800. This information is factual and you can do what you want with it.
$USO (United States Oil ETF) is currently in a Ascending Triangle Pattern and is near a breakout/breakdown point. Upside Breakout Target: $33 to $34. Downside Breakdown Target: $24.50 to $23.50. Large Volume is needed to confirm the breakout or breakdown.
Price respected very nicely the curve in blue which acted as a support. The structure was heavily broken to the upside with this big bullish H4 candle. As you can see the projected curve (in orange) has still room for the pair to go up. With GBP being strong vs CAD at the moment,I am buying @ the market and will target the next fibonacci level @ around...
Hi everyone: XPTUSD long term analysis and approach. We see price had a massive dropped from mid February, and have since made several bull run to recover much of the price. The current price action is showing a larger continuation structure, indicating more bull momentum could come in once the correction finishes. I would go down to the lower time frame to...