RTM
DXY is surrounded by CAPS patterns.Hi guys
If you heard about caps on price patterns, you could see this parameter in DXY that happened frequently :)
Also, you have to switch between the timeframe to find the suitable one.
CAPS on Price is one of the most profitable patterns in the RTM method.
I suggest learning more about it.
Sincerely
Hosein Poursaei
USD/JPY some more correction in 1H TimeframeHi Dears
If you look carefully at the chart of the USD/JPY, you can see that we have to continue our bearish momentum until to reach the base of the pole. But why?
First of all, we had an SR line at around 131.764 that the price Engulfed later and made an FTR zone, and also the price pulled back to it later so we can say that we have a flag limit (FL) zone.
This FL zone was Engulfed later on 5 April and when this happened, we expect the price to reach the base of the pole.
Sincerely
Hosein Poursaei
BTC/USDT Weekly Timeframe Analysis
Hi Dears
Today let's analyze the bitcoin chart by RTM Method and in the weekly timeframe .
If you look carefully to this chart, you can see the resistance level (SR Line) at around 28800 that the price pulled back to it twice (Jan 2021 and June 2021) . This level was broken on 9 May 2022 and the price failed to return to its uptrend so the bear FTR strategy is made. The green Pin bar that is closed on 30 May is our FTR Zone that the price has not pulled back to it yet. This zone is the range between 29200 to 32200 dollar. The price is reaching to that zone so we expect a bearish reaction when it reached. This is a key level for making short position.
Also we have another SR LINE at the level of the 25100 that the price engulfed it on 13 Feb 2023 and it made a bullish FTR on the zone between 19600 to 21200. This is a key level for making long positions.
Don't forget to take a trigger when the price reached to that zone and then TRADE it. you shouldn't do anything without trigger.
Sincerely
Hosein Poursaei