Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
As I told you before, I noticed the weakness of the trend on CHZ and now as we know BTC is changing the rules and preparing the second scenario where I told you that $CHZ could touch my ideal buy zone 0.29$ but now, without beign conservative I'd invite you to re-think on 0.17 and have some savings for a possible scenario of 0,08$ if btc breaks the 47k$...
Dash is currently in descending triangle pattern which means the price can go both up and down, the price must stay at 200$. DASH/BTC also needs to breakout and after that the price of Dash won't be affected by Bitcoin dumps so hard. Will update this idea when the breakout happens. Still it's just a pattern and it could go sideways, let's wait and see where the...
Hi everyone: NZDCAD has been dropping very aggressively from the top of the higher time frame ascending channel. we see price made several impulses and corrections from the top. Good indication we can expect this would be the next HTF bearish run. Now I am Looking for price to continue its bearish price action by breaking out of the HTF ascending channel, and...
Hello everyone: Also looking at EURNZD for the bullish reversal from the bottom. We see price has been correcting itself down within this larger higher time frame descending channel. We hit a daily double bottoms, and price had a initial impulse up. Then a bigger, deeper consolidations formed. Patient is key here to wait for the price to complete the...
Hello everyone: EURAUD ha finally finished its higher time frame descending channel correction, and is ready for the next move up. We see price has already made a lower time frame bullish continuation correction, and pushed the price out of the HTF descending channel. This is good indication that we are seeing a strong bullish reversal from the bottom, and we...
EURJPY reversed from the third touch of the bigger pattern in play and there was a short entry already from the top. The next best place to enter is after the break of the ascending wedge and a retest. Will update closer to the time, Trade safe!
Hi traders: Liking the price action on USDSGD to have a bullish continuation move. We see price has formed a correction with a double bottom reversal price action. LTF had a sharp impulse up, breaking out of the HTF correction. We then see a LTF continuation correction in the making, and price is breaking out now. Look for buy entries up to the next swing...
Nifty Triangle pattern can breakout either side. So be conscious.
Hi traders: Silver is still in a large HTF structure, and is yet to be confirm the bullish upside. Meanwhile, lower time frame bearish price action is developing and we are seeing continuations. Wait for this LTF correction to complete and look for a short term sell down to the previous lows. Once price reaches there we can re-evaluate to see if we get a big...
Hi traders: Most JPY pairs are showing further strength and we can certainly expect further bearish price action to continue. Price showed us a recent double tops, "M" style pattern, and an ascending channel correction. These are very good bearish price action to have on the lower time frame. We then see a strong bearish move on the LTF, and we start to see a...
This set up has short written all over it. 1. Diamond pattern- this is often a reversal sign. This could arguably be called a bear flag as well. 2. Although not drawn on this chart an upwedge can be found in the diamond. Also a bearish reversal sign. 3. Down trend line test multiple times since early January 2020. 4. A demand zone that seems to be begging for...
some of the analysis shows its about to breakout long, but watchout for the fake breakout since the volume is not that big compared to previous volumes. buy when the volume is noticeably bigger than the previous volume to avoid trapped on fake breakout. im using trendline and snr for my analysis drawing, ang im using EMA and RSI indicators to help me reach this...
Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!