Never have i ever though id trade Gold so here we are! After analyzing the previous week for Gold, Gold was still in a strong bullish market. With this information, heading into the first day of the week, would be the beginning of a good one! Gold formed a new higher high indicating a continuation of a strong bullish market, then later retracing to form a...
The U.S. dollar was very strong yesterday morning, as an ascending wedge is forming, i can predict a very strong sell at the trend line break, after price rejects the golden zone and the British pound showing signs of weakness. Vice versa for the upside
Read the bubbles in order, from bubble one, through bubble five, where i explain what is currently happening to Dodgecoin, and importance of key areas to consider, when placing buy, or sell orders. Price currently broke past the Golden zone Fibonacci level, but price is still above the leg 4 zone, which is colored in gray. also take not of the 50 moving average,...
On the ascending triangle, price is not making any higher highs but is forming higher lows, and on the 5th extension, price broke out of the pattern. The descending triangle, price was forming lower highs but not forming lower lows, making this area a key level to price action marked in gray. After the 5th extension, price broke out of the pattern. Notice when...
price blew past the zones and retested the outer trend line twice
Setup is for the London session into the US session, wait for price to break the zones during these markets
Overall, GBP/AUD us in a downtrend on the daily time frame, im waiting for price to reject the 7.83000 area of structure as resistance, then break past intraday structure of support around the 1.77000 area. once price breaks 1,7700 i will be looking to short sell. Of course, price does not do what you want so it is important to watch what price does, if price...
At the high of 12454.21 BTCUSD has down trended with a lower high at 11340.95. Thus said, price has not formed any lower lows since 11130.0 making this stong support as price came down to this level 3 times, which created a descending wedge formation! The top yellow line indicates the resistance level, and the bottom yellow line marks strong support previously...
Missed this trade setup but wow was this beautiful! EURUSD was making clear lower highs but not so much lower lows, as price started consolidating within the channel, price broke past the support level of structure and retested. Price could potentially come down the 1.07825 level and find support there.
the yellow line marks my take profit
On the daily time frame on EURUSD, price looked like it wants to downtrend. So on the one hour time frame, I was looking for selling opportunities. thus on the daily, there is a possible 1-2-3 move, and on the one hour time frame, I made a trend line. To continue, price broke this trend line and retested. As all this was happening, price remained below the 50...
Price broke the previous high of 0.64175 and began a retracement. At the 0.64341, there is an obvious level of support, met with the 50 Fibonacci level. Price on the stochastic indicator is also nearly overextended, leading me to believe price will definitely continue to the upside. With multiple wick rejections, there is clearly a lot of buying pressure that will...
On USD/CHF, price broke the previous high of 0.97623, to a higher high at 0.97890 before meeting some selling pressure. During this selling pressure, price was over extended on the stochastic indicator, and after a 2 candle pull back, I brought out the Fibonacci retracement tool to confirm that a retracement is occurring. So, I am currently looking for buying...
GBPNZD had a reverse in trend based on my strategy, and now the currency pair is in a retracement, or pullback. Currently, on the 4 hour time frame, price is at the 50 moving average, and at the golden zone in the Fibonacci retracement tool, if we go down to the 30 minute time frame, we can also see that price is overextended on my stochastic indicator. This looks...
On December 12th 2019, as the British polls were coming to an end, conservative Boris Johnson was winning. With Boris's the idea to get rid of the Brexit deal that was introduced back in 2008 which lead to a 29.5% crash on all GBP pairs within a year, price on GBP pairs came rising up to over 400 pips within a few hours. This leads me to believe, a good swing...
This one is gonna be short and simple! We have a great example of a break and retest on a trend line after price reverses. As you can see in the chart, price was forming higher highs, and higher lows. When price broke past the previous low, In my strategy, this means the uptrend is broken and I now start looking for selling opportunities. After price broke past...
From my previous analysis on the EUR/USD a week ago, I saw major level of structure around the 1.09899, I waited for my 3 points of reference to tell me if price was going to trend, but price came lower than I expected, testing the 1.09899 as support. Eventually, Price then shot up breaking the previous high forming a higher high, then I formed a small trend line...