IAmDavidX

IAmDavidX

Price had broken out a descended trendline and is currently making a retest at the recently broken out level. Once a new support is confirmed within the previously broken out zone, we can expect further upside movements towards the 3-week-high Key Factors: - Broken out Zone and trendline - Entry opportunities for a buy setup within or near zone level - Further...

IAmDavidX

The market appears to be losing bull momentum and has broken out a key support level with significant bearish momentum. Price is likely to retest the broken out zone and present confirmations before making its way towards next support. Setup goes invalid if price finds support above the current zone Key Factors - Broken out Support with a bearish momentum -...

IAmDavidX

The market has landed bearish on a key support level. Will it continue? Price is in a decisive zone, of which we may see an upside reversal or a downside continuation towards next support. However, my bias is leaning towards bullish as current market price appears over extended and oversold, which presents a more probable upside potential. The market has also...

IAmDavidX

The market has been corrective for awhile and have formed significant rejections at the key resistance. Recent momentum is leaning towards bearish as the ascending trendline and minor support was already broken out. An upside recovery would require the market to find support near 84.71 level and break resistance at 85.1 Key Factors: - Broken out trendline and...

IAmDavidX Updated 

So, the market has been corrective towards bullish, but was then rejected with a strong bearish momentum. We also can see that 5 waves were completed within the the corrective channel and significant rejections were also formed near the resistance. Thus, bringing us potentials to short day trades on the ABC correction the support. However, we still need a...

IAmDavidX

The market appears to have formed an inverted head and shoulders setup, which presents a potential upside movement. We have a broken out resistance above 34k, and price is likely to retest a previous resistance ~ current support, before presenting further confirmations for upside movements. All in and all looking pleasant for an upside movements towards 35k.

IAmDavidX

Price attempts to break the descending trendline but was frequently rejected by bear momentum. Recent support has also been retested and rejected several times. Where do you think it will go next? We can see how price is consolidating at the support zone, and is starting to form a bullish momentum. Thus, presenting potentials or a buy setup We're likely to have...

IAmDavidX

Key Factors: - Price had broken out the ascending structure with a strong bearish momentum - Price is also making a retest at the previously broken out and may likely present a confirmation for further downside movements - Price needs to find support above 1.218 level for an upside recovery Entry Conditions: - Current resistance zone as entry zone once we have a...

IAmDavidX

Price had broken out support levels from the upside with strong bearish pressure and appears to have retested the previously broken out level ~ current resistance. Rejections are also forming, creating potentials for downside movements. Key Factors: -Price requires to find support around 1900$ level for further upside movements -Support levels from the upside...

IAmDavidX

Analysis: Price presented a strong rejection from the resistance after completing the 5th wave in this rising wedge setup. A breakout was also presented at a previous resistance, creating a range for a downside movement or an ABC correction Key Factors -Rejections from the resistance after completing the 5th wave -Breakout below the zone with strong bearish...

IAmDavidX Updated 

Price appears to be face struggles to recover from the 2 week low. While the break from the ascending trendline could help sellers to attack the monthly bottom at around 0.856 price level Key Factors: -Price had broken out the ascending trendline with a relatively strong bearish momentum -Consolidating at two-week low -Rejections at the previously broken out...

IAmDavidX Updated 

The market appears choppy and has been in a ranging phase for two consecutive weeks. However, resistance at 1.421 price level has been retested several times, which could cause said resistance to get weak. As such, a bullish breakout potential is possible Key Factors -Price has created a potential Bull Flag Setup -Bullish breakout at Trendline and...

IAmDavidX Updated 

The pair ended the previous trading week with a modest loss around 0.7710, and bottoming on Friday at 0.7676. The market has created a head & shoulders setup, while the key level of support was significantly broken out with a strong bearish momentum. The Pair recovered as demand for the American currency receded ahead of the close, though modest gains in Wall...

IAmDavidX

The market appears to be forming a potential head & shoulders setup as resistance were slightly broken out. However, we could be seeing some consolidated movements within the zone before the potential upside movement, therefore, it would be best to wait for further confirmations Key Factors: -Potential Head & Shoulders -Bullish break and strong bullish...

IAmDavidX Updated 

Price is currently on a double top structure and has presented a momentum shift towards the bears, by breaking up the SR line (blue line). We may be seeing a price pullback or a retracement towards the resistance, before making a fall. We still need to see a reversal pattern and a directional confirmation by candlesticks to confirm the potential market...

IAmDavidX

Potential Bearish Outlook The market is on is currently at a major resistance in the market in a rising wedge setup, where price performed significant reversals and trend changes in past events. We may be seeing a similar occurrence again as price approaches this level. Price had also performed 5 waves towards the bulls, though the most recent impulsive waves...