I recently started looking at Fibonacci arcs and circles. I see them as something similar to support and resistance lines. Charts have an uncanny way of touching support and resistance lines. I've drawn arrows where the chart touched or came very close to touching the two circles I drew. I noticed that ROKU is very close to reaching an inflection point where the...
A long term down-trending pair with a larger pull back on the higher timeframes. Currently sitting at a support level with the indicators suggesting the pair is currently overbought. Looking for a break to the downside and then react. Follow for more.
This pair has been trading in a nice channel for some time with the odd 'fake-out'. However we are currently sitting at a lower low compared to the most recent trough on the 1H time frame, threatening to drop further. Based on pattern analysis only, we see the price has retested that previous low (also the support of the channel) and has rejected it, with a move...
plenty of Liq sitting above wait for it to be taken then sell this ting
Said all i needed to say on the video if you liked it dont forget to press that rocketship looking thing
This pair broke out of it's channel to the downside recently, but has since rallied back into the channel range. We see currently it has potential to react to this next resistance within the channel, with the indicators suggesting this pair is currently overbought. We will wait for confirmation and then react. Follow for more.
Our algorithm has found a descending volatility pattern after a long period of downtrend and this always helps traders to make money because we can take advanatge of any movement (up or down). We've recently seen a fake break of the red line, but be ready because losing the first blue line is really dangerous for XRP. XRP was created by Ripple Labs, a...
My trading plan is we can short XAUUSD 1880.00 and expect it will reverse the trend in 1880.00 that reverse trend will continue until price level 1732.00 between price range 1760 to 1820 the market has made lot of trades and struggling to increase price. its a clear sign to trend reversal. i have mentioned clear support and resistance levels on chart.
This pair has been sitting within it's range for a few weeks, following a longer term bearish channel prior to this. We have seen a small breakout to the upside from this channel and are looking to see how this reacts now. We could expect to see a small pullback to the previous resistance of that channel, now acting as support and a bullish bounce off of that. As...
GBPUSD has shifted from bullish to bearish on the 1D timeframe. We had an impulsive break of the support and retesting now correctively which is creating a bearish flag.
BTC is showing major signs for continuations to the downside. We are going to likely to shoot down into major magnet level of 14,000/13,800 to be more specific. But we could rally into the 17,000 level before continuing back down. Plenty of confluences lining up.
I hate technical analysis patterns and think they are crap. But there is one pattern that has a good winning percentage and that is the wedge pattern. Did you see this wedge on the bitcoin chart on the weekly timeframe? It looks strong, but it could still touch the $10-$12K zone. Friends, I will be very happy if you like this idea and subscribe to me. It will...
This is a Continuation Wedge Pattern, Medium-term Bearish. The inbound duration took about 64 days. the expected pattern duration *from the break of the wedge*, is roughly 22 days. with a target price anywhere around that 200 area. say 199 - 207 i dont want to keep boring you soo, i hoped you enjoyed this, and if you did could you kindly smash like! Happy...
On EURJPY, we have price correcting after an impulsive move, we will be going short if price breaks the bearish flag to continue its trade
Hi traders, we have a bullish flag on Gold so we are in for a buy
Price moved to the resistance level with a correctively and created a double top at the third touch of the trend line. Price then shot down impulsively and currently in a correction phase . We will look for short when the correction breaks down.
just a chart for my reference in the future, don't take it too seriously :D *not financial advice* FMR
On GBPCAD, we have price breaking out of the rising wedge pattern to confirm a bearish trend and also a continuation pattern( bearish flag) which also indicates a continuation of the bearish trend