EUR/USD - 4HR Chart We can see price was respecting this ascending channel. We broke with a strong bearish push after price failed to test the upside of the channel. We are currently testing 1.21 which has acted as a key psychological resistance level previously. Will we see the strong bearish move to the downside as forecasted? Watch out for NFP release today...
Bring up a chart! Identify the trend, using trendlines as above to highlight a channel can be useful with this. Then, identify levels in which price has gravitated towards and bounced from on a consistent basis. You can see three of these key levels in the chart above! This is simple market structure and can really help you with chart analysis. Are we...
Not one of the more talked about coins - but here's some analysis We've seen this coin continue to simmer after a breakout of this descending channel. What we're looking for is a break above this highlighted level, potential pullback before a confirmation entry to the upside! Disclaimer: Be very careful with crypto investments. Only risk what you can afford to lose.
First analysis of the week we cover AUD/USD! Price has been range bound (100 pip range). Will we see a USD resurgence, breakout to the downside of this range and a bearish impulsive move? This 0.77 level is key and price is approaching out support zone highlighted in this analysis. A potential price forecast has been identified by the red path!
Key Technicals: -Breakout of Descending Channel -Structure Levels and 2020 Long Term Level -Directional Bias - Bullish Fundamentals: -Dovish Economic Outlook for both -Both currencies weak across the board -Neggy JPY Interest Rates
Here we can see simple structure for EA, with two potential price paths for the pair based off this 4HR key level. Price broke a long term descending trendline and since bulls have recovered bringing price higher. We are long term bullish on the Euro and awaiting fundamental confirmation before a strong bullish move. However, for the time being it's possible...
Recently seen EURUSD reject 1.21. This is in line with a key psychological whole level and where price has previously bounced from, either as support or resistance. The red line is a potential price path. We are awaiting some hawkish fundamentals for the USD to act as a potential catalyst to break this structure and find bears entering the market. Use channels...
Price has broken out of our descending channel today after crypto bulls entered back into the market after a dip to end last week as people sold their crypto assets because of Biden's fundamental announcement surrounding the Capital Gains Tax. Will we see another push to the upside across the board on crypto this week after BTC dipped to as low as $48k? Keep an...
Here we can see Cable trading in a range, the topside 1.40. Previously, we've seen price tag and turn at 1.40 with sellers sitting at this whole psychological level! Often you will find support and resistance levels coinciding with key psychological whole levels in the markets. Do some research and see for yourself!
We predicted this potential price path on the pair. 20 days later we can see price has played out according to our price forecast. First and foremost - our directional bias was absolutely correct. Yes, the move took longer to play out than we anticipated; BUT - it really proves patience is a key skill in this game that you must have to become profitable....
We can see price is trading in a descending channel. We have identified key short term structure levels in blue. The yellow key level marked is a respected long term level. USD has been weak across the board once again. Will we see a recovery and a bullish push for the reserve currency over the coming weeks?
We're looking around the 0.22 before another push to the upside. This area may come off a key level and psychological level in price, coinciding with a trendline bounce that has been respected for some time now. Lots of positive fundamentals around VeChain - lets see what happens! Interested in diversifying your forex investments with crypto? Drop me a message.
Last week we placed 3 buy zones on this coin in line with PA. Crypto flash crashed across the board over the weekend, and you could have picked up a lovely buy position off our second buy zone. We can see price is currently residing in and around our first buy zone. Is this 4HR bearish candle another pullback before a push to the upside?
Two potential price paths have been identified on the chart above. Price is currently residing at this key level so lets see what happens!
This pair has fallen around 220 pips since an initial entry was identified. Price broke this ascending trendline, retraced to a key level in price on the LTF coinciding with trendline rejection with wicks forming to the upside. Zoom out and you'll see GN is at the top of the range and through cross analysis you can identify that this currency pair is strength vs...
We've seen UCHF pull back recently. Price currently residing at a key level of support where price has bounced off previously. We have seen bulls sitting at this level. Will price make its way back up to our middle key level following our price path? For more information on forex, just drop me a message!
Check out these break and retest setups. Using technicals on larger coins adds weight and allows you to identify higher probability entries. We can see price breaking through key levels, retracing before another push to the upside off previous resistance levels. We can see price has stayed above our ascending trendline for sometime. Interested in Crypto or...
Ethereum - Daily Chart Zoom out for the bigger picture. Crypto investments can offer a great way to diversify your portfolio! We have identified two potential buy zones on Eth. Lets see if price does dip to one of these levels. Patience is key! Disclaimer: Crypto investments carry a high level of risk and you should only risk money you can afford to lose!