WELCOME TO MY PAGE, PLEASE SUPPORT BY LIKING AND FOLLOWING Gold has always been my favorite in times of economic downturn, it never fails to rise and I hope you guys get to capitalize on these opportunities in spite of the crisis. WE MAKE THE BEST OUT OF THE SITUATION Technical Analysis: H1 Timeframe shows us that XAUUSD had broken out of a descending wedge,...
A very Good Morning to everyone! Hope everyone achieved their take profits today = ) and remember to like and follow if you enjoyed what you see! On the daily D and H1 Time frame, BTCUSD seems to be doing well as I expected, breaking out of the channel with strong buying pressure as described in my previous post. Now we look towards for BTCUSD to retest @ 10300...
Before I start, I would like to welcome y'all to support by liking and following my page if you like what you see here : ) So far I have really enjoyed the experience here with the wonderful trading community, it is great to see the unbounded sharing of ideas by our fellow traders, so I thought of giving back as well. Here are my two cents on ETHUSD: H1 Timeframe...
A bullish flag pattern seems to be forming in the D1 Timeframe, currently possibly on its THIRD rebound of the bottom of the wedge. Short Term Opportunities to watch for: - A STRONG REJECTION AND REBOUND FROM SUPPORT @ 1680 --> possible LONG opportunity to the top of the wedge @ 1710 - A BREAKDOWN below support 1680 --> SHORT opportunity to the nearest support...
Based on the H1 Timeframe, BTCUSD has broken out of the resistance level @ 9183 and appears to be retesting it, looking to be forming a bullish flag. To watch for: - BREAKOUT ABOVE 9400 --> definitely means a LONG opportunity to the next resistance for Take Profit 1 @ 9650, TP2 @ 9980, and TP3 @ 10180 (Which are historical strong resistances seen in Feburary 2020...
So far gold has been continuously retesting the descending wedge top resistance line, more than 3 times, proving to be a major resistance level. The descending wedge looks to be a bullish flag in the 1D timeframe. Technical Analysis for short term: - Breakout above 1710 --> Take profit 1 @ 1720 the first resistance + TP 2 @ 1730 the historical major...