*I am not a professional and am using this platform purely as practice* Here's a chart I drew up with a possible bull case for BTC, Any feedback would be greatly appreciated. If this does play out and we break key levels back towards the high 50Ks I'll slowly start selling 25% of my positions every week until I'm fully out. I believe there is one last push for...
We are currently trading at a pre defined sell zone. There have been opportunities to catch quick moves and I think if we are to see a bigger move down then price action will respect this zone. You can place a runner at this zone at low risk that extends past the 1.272 or the 1.618. This may account for some market volatility. The trade I currently have marked...
Price action has finally reached our sell zone. FYI Price action extended to the 1.618 of the previous structure. Which is just above our previously established sell zone. I apologize, I attempted to post something on the 1 minute chart that showed a pullback area that was ideal before this down move. In any case though we are still in our zone for sells. You...
The simple beginner-old way of trading. A basic break and retest of a downward trendline.
Gold price gained some momentum after G7 countries bans Russian gold imports. Technical: The near–term support is around $1830 The yellow metal faces minor resistance around $1850, any breach above will take to the next level $1875
CADJPY continues to trade higher on the strong Canadian dollar. The immediate resistance is at 101.20,
Price action has broken above 21-EMA, the pair trades above 200H MA Momentum studies are bullish, Stochs and RSI are sharply higher
EURUSD gained sharply on board-based US dollar selling. Technical: On the higher side, near-term resistance is around 1.0650
Gold gained sharply on weak US bond yield. Technical: The near–term support is around $1830, The yellow metal faces strong resistance of $1850, any breach above will take to the next level $1862
EURUSD formed a double top around 1.03450 and showed a minor pullback above 1.0400 after a minor pullback. Technical: On the higher side, near-term resistance is around 1.0500
After reaching a major rising trend line on a daily, Gold leaves a lot of bullish clues. Any breakout white trendline more bullish The price broke and closed above a resistance line of a falling wedge pattern on 4h. It looks like the market is preparing for a strong bullish move. I will expect a bullish continuation to 1887 / 1906 levels. ❤️If you have any...
USD/JPY consolidates previous session's slump, less hawkish-than-expected Fed dampens US dollar Stochs and RSI are on verge of bearish rollover from overbought levels and Chikou span is biased lower. Major Support Levels: S1: 129 S2: 127.81 (20-DMA) Major Resistance Levels: R1: 129.70 (5-DMA) R2: 131.46 (Upper BB)
Gold gained sharply after Fed's monetary policy. the FOMC said in its updated policy statement. Technical: The near–term support is around $1880, The yellow metal faces strong resistance of $1920,
Gold continues to trade weak on the strong US dollar. Markets eye US Fed monetary policy this week for further direction. breach below targets $1850/$1800 strong resistance of $1920, any breach above will take to the next level $1932/$1950/$1970.
Break out 21-EMA and next eyes 55-EMA If break 55-EMA next eyes 200-EMA and 200-MA
After that sees some rise and correction here. Testing base off flag channel but if the support zone here breaks more fall is expected and this bearish market can easily continue.
The pair is consolidating bounce off 50-DMA support, holds break above 5-DMA Technical analysis shows major trend is bullish, while minor trend is turning bullish on the daily charts. Major Resistance Levels: R1: 0.7464 (20-DMA) R2: 0.7 Major Support Levels: S1: 0.7427 (21-EMA) S2: 0.7400 (5-DMA)
EUR/JPY spikes over 1.25%, trades shy of 139 handle The pair has tested 7-year high just shy of 139 handle, hit levels unseen since Aug 2015. EUR/JPY is extending break above 200-month MA, poised for further gains technicals support further upside.