Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on AUDUSD . Here as you can see, the market broke above the previous highs of .6616 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ .6572. Since my entry got hit, I put my stop loss 10 pips below the most recent low...
Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on AUDCAD . Here as you can see, the market broke above the previous highs of .9142 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ .9091. Since my entry got hit, I put my stop loss 10 pips below the most recent low...
Since price broke the bullish resistance on May 19 I'm expecting price to go up when it reaches approximately 1.38507. If everything goes as said in the technical analysis a head and shoulders pattern will be formed because of the bullish resistance that was broken and price will later on breakthrough to the downside when the bears once again have pushed the price...
MYX:6963 An up-sloping accumulation structure suggests strength. Potential in phase D SOS rally. Supply absorption is near completion. Likely to see ease of movement to rally up further in phase E. First target at 1.60 with a tight stop around 1.20.
Potential move lower as the trend line break and bias change combination give an early signal of what could be lower price moves for USOIL
Hey Traders, there has been some significant selling in the equities market over the past week leaving the Dow down 7.5% in 6 days! On the chart above, I have labeled a few Major structure levels. For those of you who have gone through my How to read structure tutorials- we can clearly see that price has been trading within a range for a long time. That range...
So it's been awhile since I put out my last video, but i've been super freakin busy. But that being said, I've still been following the bitcoin market and it actually did what I thought it would do. Now, it didn't give us the 2618 trade setup that I was looking for, but it did rally. And now... I think it's setting up for another move up.
Like I said in my previous EURUSD post price finally broke the entire 1.23000 zone and got to the 1.2265 line, it seems like a downtrend is starting to consolidate, but we have to break 1.22400 first. I expect a retest on the previous zone to enter again in sells up to 1.22400
So in my last Bitcoin video, I talked about why I wanted to short Bitcoin.... Well this time, I am going to show you why I think 12,000 might be in the near future.
There is a massive potential bearish bat pattern currently setting up on the EURUSD. Now this pattern is on the Daily Time Frame, so make sure to check your risk. If you use a 1 ATR Stop, you will have 200 pips of risk. If you can handle the risk though, this is a very nice potential opportunity. This will complete at 1.11896 with minimum stops above X at 1.12989....
As shown on the graph, structure analysis could be very useful. Resistance line: Use maximums and connect them to draw a resistance line which means that whenever price comes to this line it cannot break it, ther is a strong resistance, forming a trend. Once broken, though, it is a good opportunity to BUY and profit from price increase. Support line: Similar...