So with this pair I sentiment continuation to trade within the levels prior to the initial COVID-19 global lockdown. AUD has been a clear currency pushing trading levels back to normal with major pairs. For this trade I would like to see a continuation retest of 82.000 to initiate entrance to the previous trading levels. With the huge drop from March these...
As I have been saying for the last 2 months NZDUSD is included in the pairs hitting previous 2018 highs. Attached is my idea from almost two months ago forecasting this exact play out. Notice no indicators? No need when understanding price action at psychological levels. Pull up the 4 hour and daily and find a reason why the trend would not continue to .74000. I...
While the pair is finding rejection DXY found major support from bottom. I sentiment a short sell off to pivot off main supports I mapped out. Sell could be a short scalp with pivot off first support. One could be safe and only enter a buy at the next support pivot. My overall sentiment is a push to 1.25000 high as it did in Jan 2018 as I have been preaching. At...
Today we reached a key level for this pair at .74000 for the second time from the .55000 low in March. Despite the dollars weakness AUD was not able to push through .74000 and was immediately rejected. A rejection from this point aims for .72200 for the first retest. .73710 is this pairs exhaustion point established from the .55000 low. Exhaustion points are...
Within technical analysis you use indicators and price action to determine what the next most likely move of an asset is going to be. I love indicators, but I love price action even more. It works for me, it's simple, it's clean and there isn't too much hocus pocus. The downside with price action though is that you need to be able to observe price action in...
Hello everyone, here is the top-down analysis for GOLD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
In this idea, I will break down the important price levels for ETH/USD based on human psychology and explain why the confluence with the ascending channel will cause the price to drop after hitting $200. After ETH/USD broke out of this ascending parallel channel we have seen a quick retracement to the beautiful psychological level of $180. As I explained in my...
Everyone knows I am well known for my analyses on psychological support and resistance zones and their strong predictive capabilities. We just found two new important psychological levels in the last two days. One psychological resistance at 9450 and one psychological support at 8400. -- quick reminder on these beautiful round number levels -- Computer scripts...
Posted this late - was meant to publish last night before the move began. EURUSD still downtrending on higher timeframes. By condensing to 4hr we see a clear rejection of the 1.11000 psychological level in line with our trendline and resistance-turned-support zone. Next area of support is the 1.10000 psych level, I'll be monitoring this area for profit taking.
Psychological Line Hit and NY Session High limiting the upper movement. Further to that Weekly Analysis suggesting downward trend to the following month.
Friday was a great day for longs, yet today depending or your leverage it wasn't today so what happen that night and whats gonna happen heading into next week? Well we touched up to the hourly emas and got rejected once, yet bitcoin wanted some more and we tested it again as it ended up form a bearish elliot wave and now we dumped all the way to 7009, very close...
Clearly, the eurozone has been significantly bearish, here we do have a very clear and perfect setup that clearly distinguishes that price could potentially spike towards our key pocket of 61.8% Fibonacci retracement region in confluence with the trendline and moving average before potentially making a new low to around the new key low of 1.0800.. what could...
If you follow some expert traders here or on twitter. A lot of them thinks if it cracks the 8700 resistance, then we are definitely mooning. If it falls to 8200 then we will see a retest of 7800. If you are a cautious bull, you will wait for the 8700 confirmation before opening a position. If you are a cautious bear, you'd wait for the 8200 confirmation. It is...
AUD/USD Has recently had a lot of manipulation price has currently rejected the zone of 0.7100 and closed beneath I believe it's time to fall to the down side. price has currently completed a lower high on the higher timeframes with a clean Trendline rejection including more patterns. I can see price going to the Trendline and the Resistance for one more retest...
And too easy to trade. Expect the unexpected.
Last week's candle closed above the 0.7500 quarter level. My idea for this week is to follow price throughout the week based on breaks or rejections of the outlined levels. As price moves during the week I will make updates for the idea. Cheers!
Last week's candle closed at the 1.5000 quarter level. My idea for this week is to follow price throughout the week based on breaks or rejections of the outlined levels. As price moves during the week I will make updates for the idea. Cheers!
Last week's candle closed at the 0.72500 quarter level. My idea for this week is to follow price throughout the week based on breaks or rejections of the outlined levels. As price moves during the week I will make updates for the idea. Cheers!