Welcome back! Here's an analysis of this pair! **EURUSD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in...
After moving over 350pips in our direction since my last speculation on this pair (see link below for reference purposes); the breakdown of the Demand zone which has held price "Supported" in the last 70 days was finally broken to the downside giving rise to a "quick" counter-trend opportunity in the coming week(s). Tendency: Downtrend ( Bearish ) ...
H1 : 61.8% Fibonacci retracement filled @ 49201 (intraday low so far @ 49000) Last candle (bullish engulfing) might trigger a recovery In order to invalidate the ongoing bearish price action, BTC needs to recover above MBB currently @ 50784 and also above the downtrend line resistance. On the downside, clouds zone should be watch as the...
H4 : 3 failures to reverse the ongoing bearish price action Downtrend is still intact in this time frame For the time being any upside move should be seen as a corrective move only and use as a SELL on rally opportunity calling for lower levels. Watch MBB as leading indicator, bullish above and bearish below Have a nice evening...
D1 : As expected and mentioned in my yesterday's post, a recovery took place, triggering an upside move towards an intraday high of 33'869 which roughly filled my first target of 33'915 (Kijun-Sen). No change in my view, BEARISH STRATEGIC VIEW, and only a move above : 1) Kijun-Sen (KS) @ 33915 2) Tenkan-Sen (TS) @ 34247 (34407 being...
US OIL is looking bullish, made a recent corrective move while being in an impulsive state for some time now. Price went and created a falling wedge.
Will be on the lookout for shorts on USDCAD. Get ready for the next wave down. Just ignore if price continues to correct higher. Price could continue to correct for much longer, but so long as it does that will not change the overall bearish outlook. Trade with care my friends :)
CHF/JPY is normally a pair to just stay the hack away from, But when I see a gartley, a pitchfork, and the 200 MA on weekly all converging, you have my attention. Especially when it made a corrective move up to it within the range of a possible larger corrective pattern with potential of breaking the low. Could have already taken some nice pips off the table on...
15m chart has divergence between price and RSI. Remember, divergence can be seen by comparing price action and the movement of an indicator. If the price is making higher highs, the oscillator should also be making higher highs. If price is making lower lows, the oscillator should also be making lower lows. If they are not, that means price and the oscillator...
Could this be it for USD/CAD? Watch out for stop hunting if this is final move! What do you think traders? Leave some feedback! Thanks for looking!
You'll see some comments on the chart. I have been missing out on some trades by sleeping! I can't say that that's a bad thing :D Have a good week!
Hey Guys, We are in the begining of the C wave from an Elliott Impulse. As simple as this. B wave is over with the break of the main trendline and now we have a clear flag. Sell the breakout! Carlos
Looking for a pullback into 81.00 to sell for a short term trade down towards 80.40. If that level folds another run for 79.80 is likely.
Looking to short this pair if we get a pullback towards 0.8520 without breaking the lows around 0.8495. Primary target will be around 0.8500 with extended target all the way down at 0.8400.
Am expecting price to at least make another attack on 1.08600. Aiming for an entry around 1.0895. If 1.0860 fails, next target would be the support area around 1.08260-1.08059.
Corrective pattern formation near the trendline presents a perfect chance to get in the bullish market.
The same pattern is visible on all GBP-crosses this morning. Strong counter trend impulsive move closing below/above swing high/low, indicating the counter trend players have had enough and want to see a stronger pound. If this structure holds and we see a pullback towards the short-term corrective structure top I am looking to go short around 0.89930, targeting...
Even though we are getting close to a daily resistance zone I think there is a short-term upside potential. The latest bull run has been almost uninterrupted by the bears and they most likely won't be able to stop it with just one try. So expect increasing volatility before this thing turns around. For now I am looking to get long if price makes it back to the...