XAU JPY currently is under selling pressure due to a Double-top on the daily/weekly time-frames. But there is also a current Head 'n' Shoulders Sell pattern on intraday time-frames, 2HR mostly. Also, on the 2HR EMA's squeezing tightly together, serving to send price lower if anything, plus a massive rising wedge on 2HR which XAU JPY looks to be about to fall...
Nothing goes up in a straight line of course. I don't think Cryptocurrency has made a false break upwards since about Friday, bitcoin, solana, retracing into more demand areas to attract new buyers at better prices imho. Disclosure: I am a holder of cryptocurrency & in particular Solana. You can see in the chart below 15m. Solana is making its way down to a 15M...
This is a reversal trade on an intraday mid-time frame perspective BUT the trade is actually WITH THE TREND on the very high timeframes. So, it's not really one of those risky reversal trades. Potentially great RR if you put your Stop just below the Buy order block on the 4hr chart. I might post another chart of the 4HR. It's got plenty of catchup this trade....
Solana reportedly one of the bigger Crypto's to shine and do very well over the next 6 to 12 months. Up 2.9% during Sunday today and still climbing.
I like to scroll through the higher timeframes periodically to look for patterns that simply won't 'jump out at you ' on the intraday. Bitcoin weekly chart, I see where the MACD line is currently making a Cross X up and through the Signal-line, that is a very bullish cross if it's sustained by further crossing and it's further confirmation of an imminent...
You might've noticed Bitcoin is back on the brakes lately, a few green false starts here and there that turn out to be bull-traps for short term traders. But what if you want to accumulate Bitcoin BTCUSD over the coming weeks to really dig-deep in its price so that you are setup nice for its rally. Well some expert Bitcoin commentators are saying that it's...
See in this hourly chart for XAU-USD earlier in the Asian Monday session price fell through an hourly trend line (yellow) and then falling straight through the Ichimoku Cloud.
The Australia / China economic dependency & reliance runs almost as deep as Australia's ongoing and upbeat relationship with the USA. Australia is where it is in only 300 years of white settlement because of its strong resources sector and China is one of its biggest consumers. Recent stimulus to prop-up a failing economy the past few years in China should...
The USD was hammered right down by the Thai Baht over recent months. It looks as though that is turning around right now, as the USD and its haven-effect is garnishing with traders decision making at the moment.
EUR NZD has not long ago turned around and is smashing it up the charts. This would be a good Long trade if you get in on a pull-back.
This trade has only just poked through the bearish Icimocku cloud which would be a sort of breakout trade if you want to take it. A lot of traders buying the USD today. Maybe a sign of the times ahead when a flight to safety may still be the good ol' USD Greenback. I am Long in several USD currency trades for 2 reasons. For example, USD CNH huge rr trade...
On the daily timeframe AUD JPY is rallying on a bullish convergence of intersecting EMA's and price is just breaking above the anchored VWAP. As price is up over 1% today it would probably be best to wait for a pull-back in price to buy.
Even the big companies trap themselves up high inside those double tops. Microsoft currently getting shorted from all angles. Nividia was also the subject of Shorting but it was able to climb out of it.
Weekly timeframe ZRX USD on the back of Cryptocurrency hammering currently as accumulation expected to turn into breakout patterns anytime now and going forwards into 2025 for a strong rally. This junior crypto had normal stochastic divergence on a weekly timeframe recently, it's RSI momentum is close to 50, it's Stochastic's has provided a bullish lift well...
This is a possible scenario for CAD CHF following some recent Bullish Divergence on a Daily time-frame. The idea would be to wait for the trade to properly setup above the EMAs 25/50/75 and in particular a Daily close above the yellow 75 EMA would be a signal to get Long. * For educational use only and to explain 1 particular way you can trade divergences in...
I noticed on the Daily chart for AUD NZD that all of the recent Daily candles had high and protruding wicks extending out of the top of body. So, I thought a bearish move might be on the cards. After checking the weekly and 4hr timeframes, in the 4HR price is moving in a giant triangle and price is getting close to the bottom of the triangle. So either of 2...
USD CHF was for the last couple of months tracking down in its price, inside of a falling wedge. But on Wednesday and yesterday price appears to have exited this giant wedge. The Relative Strength Index has this pair heavily oversold, so much so that a bigger move in the opposite positive direction by the USD is surely on the cards very soon, as some of the...