Hi traders: Here on ADAUSD, we can see some noticeable bullish price action in the making. After the bearish move down across the crypto market, price begin to correct and form a HTF structure. We can see price made several attempt to break below the $1 mark, but fail to continue lower. When then see a clear double bottoms within the HTF structure, and a...
Hi traders: Looking at NZDCHF's price action from higher time frame, we see a clear bullish up move, and now price has form into this deep, flag/channel correctional structure. Price continue to correct, and moving side way in the consolidation phrase. But now, looking at the latest price action on the lower time frame, we are still smaller descending...
AMD seems to be forming a falling wedge. The target price should be set to the height of the wedge.
Will we follow the same trend? I will update periodically.
Hello everyone: Also paying close attention to BTC, as the price has completed a reversal correctional structure, and could expect the resume of the next bullish phrase. After the price dropped from the rising wedge reversal at the top, price begin to consolidate. At the time I mentioned to everyone to be patient here as price is going to likely form a period...
Hi traders: From my previous ETH analysis, price indeed broke out of the HTF reversal structure, and continuation to the upside. This is good indication of a bullish price action and continuations, as long as we can see some sort of bullish correctional structure to form. Latest price had a clear break above the previous high, and now is start to...
I think there is no need to say something about this clear shot Flag will be completed before that U take the trade⚖️ Don't forget to setup Ur SL i was going to forget that... It will be listing tomorrow on august 11th On KickEx Though (some gap up in MFI Indicator Is needed to complete Double Top Pattern)
After a great rally on SCHW today, we are moving into the close with a bull flag that is nearing the bullish trendline and the 20 Exponential Moving Average (EMA). Still holding my position from the open today with a trailing stop. Expecting another leg up from this flag if we see a good breakout tomorrow. Hoping to see a nice 4R trade from this swing.
update a 15 minute diamond pattern is formed and breaking out ATM.Trade safe.
Pattern: Inverted head & Shoulders Confirmation: downtrend / yes. Reversal / yes. left shoulder right shoulder similar pull down / yes. Head of the dip lowest point / yes Fundamentals : 12th AUG we have important GBP news. GDP reports come out and will have a big impact on the price strength of the £. A good report could possibly see this pair rocket up.
Hello, The BTC price action almost perfectly follows our bullish scenario from 5 days ago. My idea here: The current pullback is nothing but expected and I think it has nothing to do with the Senate voting for the proposed $1.2 trillion Infrastructure bill and the cryptocurrency taxing amendments there. What we are seeing on the Weekly timeframe is a clear...
Apple has formed a double top pattern. This is a 1m chart.
in accordance with my previous forecast where i took a BE and some profit out of the short from, price is now at the 90% rule of the structure, where i am looking for price to break the low before moving in the forecasted direction long. if price is to form an element of structure leading to the third touch breaking the low to the left (the 90% rule) i will be...
Would need further consolidation for another high break to be potentially profitable and carry momentum behind it. For now, we remain in a bearish flag.
Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. NZDCHF: Running about +1.25% profit Full analysis/forecast: GBPAUD: running about -0.6% loss First Entry: Close down for BE Second Entry: Full...
Hi everyone: Also looking at GBPUSD for further upside moves. Similar like most of the USD pairs, we are seeing a decline in USD strength, and after the FOMC news, all of the USD pairs had strong reversals. Now looking at the price action on GBPUSD, price originally had a bearish impulse down, but failed to continue after breaking the previous lows. An...
Hello traders: Finally are seeing some goof bullish price action across the cryptos, and LTC is looking good for the bullish reversals. We can see after the bearish impulse down, price begin to form into this descending like structure, correcting the price. The latest price formed a double bottom, and a strong bullish impulse breaking out of the...
Hi everyone: Also watching out for MATIC for the bullish reversals We can see after the crypto crashed, the price has formed a falling wedge correction, and correctively moved down. The smaller descending channel within the wedge, ended up reversing the price up, breaking above the falling wedge. Good sign of a bullish reversal price action in the making....