Babsphoenix

Babsphoenix Updated 

CADJPY has formed a descending triangle at the resistance of a descending channel. A sell trade can be taken on a bearish breakout of the triangle and a retest.

Babsphoenix

The index broke a 4 months old support and is forming a bear flag while retesting the barrier. The 3 major daily moving averages, 50, 100 and 200 Daily moving averages are also acting as resistance. Sell pressure seems certain but where is the move down going to start? The supply zone and the diagonal resistance above the flag or after the demand zone below the...

Babsphoenix Updated 

This asset has formed a 4H time frame double bottom inside a Daily time frame descending wedge. There are multiple resistance that must be overcome for any possibility of considerable bullish continuation: The neckline of the double bottom, the resistance of the wedge, the 100 day moving average and a daily horizontal resistance. A buy may only be considered safe...

Babsphoenix Updated 

USDCAD is testing multiple resistances on the 4H time frame while forming a double bottom. We can buy on the breakout of the multiple resistances

Babsphoenix Updated 

This pair just broke out of the handle of cup and handle pattern and the 7 DMA is above the 21 DMA. A buy setup can be checked out here. While I expect the resistance at 1.36653 to be broken after a minor correction, profit can be taken there.

Babsphoenix

EURGBP has just broken a horizontal and a diagonal resistance while forming an inverse head and shoulders in the process. While a resistance is not very far from here, we can still take a short term buy trade from here.

Babsphoenix Updated 

GOLD is retesting 4H MA 200 and 1D MA 50 after breakout to the downside on 13th Feb 2023. These two moving averages have acted as support and resistance for over a year. The two have now formed a confluence of resistance with a daily horizontal resistance. A sell setup can looked out for her but if price escape this confluence of resistances, a buy trade can be...

Babsphoenix Updated 

This asset just formed head and shoulders on the Daily time frame. If price breaks out of the support of this pattern and the nearby diagonal support, a sell trade can be taken on retest around the marked area(red triangle). If the patterns get invalidated, either in the interim or permanently, a buy trade can be taken when the local resistance marked (green)...

Babsphoenix

This index just formed head and shoulders on a 4H TF. We can buy if the candle survives a breakout.

Babsphoenix Updated 

MATIC is undergoing a correction to the floor of the ascending channel. The pair may pump after a visit to the demand zone just beneath the diagonal and the next horizontal support.

Babsphoenix

This asset broke out of a horizontal, diagonal, 200 DMA and head and shoulders neckline, a retest has just been completed. I expect some growth from here.

Babsphoenix

RSR is attempting a a breakout of an horizontal and diagonal resistance but it seems a correction has to precede this anticipated pump. This correction might stop at the next support or it might extend to the nearby demand zone.

Babsphoenix

This pair just broke out of a bullish flag formed after beating a diagonal resistance. It is now attempting to break out of the horizontal sell pressure on the flag. I expect some growth to follow a successful breakout

Babsphoenix

Theta is preparing for a golden cross after using head and shoulders patter as a launchpad but it still has to cross this resistance before it can bring the impending pump to reality

Babsphoenix

The three long possibilities for HBARUSDT. Its taking off from either of the demand zones

Babsphoenix

XTIUSD Dropping briefly or all the way? It looks like a mere correction but we need to wait and see.

Babsphoenix

Lets see wether the growth loading now plays out and whether is temporary or an enduring one

Babsphoenix

This pair is capable of slight upside if it breaks the current resistance