As far as ETHUSD, a couple of situations could play out. Price is currently testing a significant level that was perviously tested in the past. Although this level fueled the bullish rally towards 4000, it seems like price is not showing enough buying pressure to send the price towards the upside. So what I think will likely happen, is price will drop to the...
Now, let's take a look at NzdChf. Price has recently found some strong buying momentum and broke out of an established downtrend channel. We've had a small correction movement to retest the 4H Horizontal Level and now we're showing bullish rejection off of the level. This could be signaling further bullish momentum in the future. For extra confirmation, I would...
Looking at CadChf, we could be seeing a buy opportunity present itself. I attempted to place a buy order on this pair last week, it just wasn't ready to take off. But I still have the anticipation that a bullish rally is soon to come. Price has continuously dropped to this H4 Horizontal Level, and followed with bullish rejection many many times! The sellers or...
Still waiting on a strong bullish candle closure to push away from this level before confirming the bullish bias on this pair. Just patience for now.
Onto AudJpy, we were waiting for price to pullback to this Significant Daily Level and follow with bullish rejection. Looking on the daily charts, it looks pretty apparent that price is beginning to reject away from the zone! But scoping down to the 4H charts, we had two strong bullish candle closures (which I should've entered after but I was asleep) and now the...
Tuning back into EurJpy, although I was a little bummed that I missed this trading opportunity yesterday, price has come back to the level of interest and seems to be showing bearish rejection! I'll be waiting for this candle to close just to make sure we could keep the bearish pressure, but for the time being, it doesn't look like a bad opportunity to reenter...
Quick update on GbpAud, price is playing out exactly as I expected on this pair. We're showing clear bullish rejection away from the Daily Significant Level, and beginning to create bullish market structure. I'm going to wait another half an hour for the candle closure to ensure that price is maintaining the bullish momentum that is shown for the time being. If...
Looking at EurJpy we could see a sell setup potentially forming. Overall market structure is showing us that price is in a bearish correction movement during a bullish uptrend. Although we've had quite a bullish rally the past 2 weeks on this pair, it didn't break any major structures in the market that invalidates our bearish continuation. When price approached...
Looking at AudJpy on the daily timeframe, we could notice the bullish structure that has been created. More recently, price has been in a bearish correction movement which potential could be ending soon. The reason I forecast a bullish continuation is the way market structure is presenting itself for now. Within the last week, we've had a strong bullish push...
Looking back at EthUsd analysis for third time this week, we could notice that bullish rejection is starting to become present around the level of interest. Although I had identified another signficant level that was around 2,800, for now it seems like for price is reacting well with the zone it's currently rejecting away from. I would wait an hour and a half...
A little update on the analysis I gave for GBPAUD yesterday, things ended up playing out as I expected. Price retraced back to the H4 Significant Level and pushed away with bullish candle closures. With this bullish structure, we have broken another Significant Level that could cause a bullish rally. Price seems to be retracing back to the level for the time...
A buy setup looks much more developed on Bitcoin following a strong bearish candle retracement. We've come back to test a Significant Daily Level that seems to be holding price for the time being. If we could notice a strong bullish candle closure push away from this current level, it wouldn't be a bad idea to place some buy orders. Just waiting for the bullish...
It looks like we got our bearish retracement from Ethereum as expected. Now the question is how steep will it retrace. We seem to be getting some bullish rejection from the level it's currently testing for the time being. But, if we don't notice a strong bullish candle closure off of this level, we could possibly see another drop to around 2,800 before gaining...
Looking at GbpAud, we could be having a potential buy setup forming. Starting off on the daily timeframe, price has been establishing consistent bullish market structure for quite some time now. If we analyze recent price action, we've had a nice bearish pullback back to this 'pivot point' of interest, which includes a Daily Significant Level and a...
We've been creating solid bearish market structure on EurNzd. Price has recently broken below a Daily Significant Level and come back to retest with some bearish rejection for the time being. I'll make sure to be patient and disciplined before pulling the trigger on sells. As usual, just waiting for a strong bearish candle closure before placing any sells.
Looking at AudUsd, price has seem to break and retest this Daily Significant Level of interest. If a strong bullish candle closure pushes away from the zone, we could have the potential for a bullish continuation pattern. I'll be waiting to see how price reacts at this level before placing any orders.
Switching to BtcUsd, there's a couple of things to mention technically. The apparent bull run that BTC has been on the last month and a half grew the value of the asset near 67%! Although it's not as much as ETH, these top crypto assets could be potentially proving that these are long-term bull markets. Definitely something to consider. Looking at the recent...
Looking at EthUsd, there's quite a lot to unpack on the technical side of things. First, this crypto has been on a crazy bull run the last month and a half. The value has gone up 123% in the last month and a half!:exploding_head: Crazy! With this being said, I don't believe this bullish market structure could sustain itself at the volume it's been portraying...