As we know at the every top and every bottom of the correction in the last year there has been form either a Wyckoff Distribution or Accumulation Schematic allowing Smart Money to Accumulate their Positions for an upcoming change of Trend. This Time should be no different and we already see a possibility of the Wyckoff Accumulation Schematic forming on the Bigger...
EUR/NZD Possible trade entry long, to take out H4 High and then continue to the downwards. Showed break out of a continuation pattern indicating willingness to go higher, to the next logical target, H4 High. Waiting for an entry up on the retest of the pattern, EMA and 0.382 fib level according to my strategy.
CHF/JPY is approaching a Daily High with an Ascending Triangle on H4. Looking to capitalize off of it in either direction. In stock market or crypto it has a higher chance of breaking to the upside but with currencies we have to be more cautious, so will trade accordingly, waiting for the break to either direction and then execute our position on the retest. Not a...
Since a few months we've had a down trend that ended in october and since then we're reversing to the upside. Recently price broke out previous highs leacing us with the info that a bigger reversal might happen. On the last days price came down to retest previous resistance and it is matching up with a daily trend line. If we see a bullish engulfing candle it'll...
For a few months we've been in a downtrend what we can see by drawing a simple line. Last 2 months been consolidating with colored zone beeing a resistance. Recently we broke out this downtrend resistance and stopped at 0.382 fib lvl as a resistance and correcting down. Right now we just bounced off of a trend line with a candle signalizing bullish power. If...
Since April we have a clear up trend. 20 august the pair touched 0.382 daily fibo lvl and then went up 300+- pips to the 0 lvl. Recently pair has broke out 0 lvl with a lot of momentum and up trend structure. What we can expect right now is for sure, correction to the 113.050 zone and then the most probable scenario is that we'll go up following the trend till...