Hello Hello Hello. So I am looking to get a LONG in on BTCUSD. With there being such a monumental drop, and going off price action, I believe it is a good opportunity to BUY in and catch a reversal on this pair.
Reversal time baby. After a lot of bullish momentum it looks like we will be begin to have a reversal from it's HH that's indicated in the golden box.
On the DAILY timeframe we can see the previous daily candle is showing HUGE signs of reversal, which makes sense due to the bearish nature of the market recently. I have quite a big RRR on this one as the green line my target is going up to, is the next level I expect the market to reach. BITSTAMP:EURUSD
Simple yet effective. Going off price action and simple technical analysis. Based off the recent bearish drop, I can see the market is looking to recover which is why I have the bias of it going long.
BUY BUY BUY. With fundamentals and everything going on I believe gold is going to really have a lot of buying power so this is where I am buying in from.
Price action is telling us that the selling power is slowly becoming exhausted meaning the bulls we taking charge again. I believe the market will go up to where I have my TP level. The candlesticks suggest that there is due to be a reversal which is why I have bought in where I have. Simply easy analysis and we shall see where it takes us. Happy Trading.
Waiting to see what the market does before I react but this is my current analysis.
Quick/Brief video explaining my BTC LONG trade. Simply using technical analysis and price action with a cheeky little dash of my charting experience to determine my trad setup. Let me know what you think in the comments below!
Potentially looking for the market to break out its current downwards channel to make its way to the upside towards the 1.39800 zone. There are candles signaling signs of reversal too. And on the 1D timeframe, it has respected ZONE 1 perfectly, all of which gives me confidence that I'll be looking for a long entry. Obviously, the other side to this analysis, is...
So far I have had a breakout from a key daily level I have marked on my chart. I believe this will end up forming to be a false breakout with bearish momentum to the downside to my other market level. Or with how things are going at the moment, we could see the bearish momentum continues strongly towards the downside. Have a wicked week trading everyone and...
If you saw my most previous EURUSD analysis video, you'll see that it hit my TP perfectly. On the 4H chart, we can see a wedge pattern forming but also making its way back to the trendline. I'm not confident in looking for any setups at the moment as there could potentially be huge momentum depending on if it breaks the wedge pattern to the upside or the downside.
False breakout from one of my drawn levels. Showing signs of reversal on the DAILY TF. Looking for it to short its way down to the next level I have pointed out on the chart.
Continuing from my previous EURUSD analysis video, we are AT the daily trendline which I have drawn out on the chart. I am currently in a long position risking 1% for a 4% gain.
Breakdown and long talk on the EURUSD pair.
Just a wee update on the market essentially. Waiting on market conditions before I enter the market, but here is some analysis and my thoughts.
This is essentially what I think may happen with XRP over the next coming days/weeks.
I have entered a SHORT on US30. Basic market structure + Price action.
I have entered a short on XAUUSD.