Michael_Harding

Michael_Harding

Taking a look at my chart on the monthly for most people you will not understand my strategy at first glance, so ignore the first chart, and let's dive into my top down analysis. Let's Begin..... Starting with the Monthly. Chart Below Key Takeaways == Technicals == * Bearish RSI divergence * RSI is also overbought Technical Summary * I believe this pair...

Michael_Harding

This is on the daily timeframe. Let me know what you guys think...

Michael_Harding

I always try to spot low risk setups and Bitcoin right now is signaling just that on the long side.

Michael_Harding

Taking a look at the monthly timeframe, if you look back in the past, whenever we had a strong bearish engulfing candle, there was usually a second bearish candle afterwards. I believe there is a great chance that this pair will break below the green ascending trendline and eventually reach 130. Some key comments made last night from the BoJ's Governor Ueda: ...

Michael_Harding

Starting with the weekly timeframe, there's some quite noticable bearish Divergence with price action and RSI leading me to believe prices may continue further south. Let's take a look at the daily timeframe. On the daily timeframe, I have 2 bearish targets but first I need to see a bit of a pullback towards the descending level of resistance. Reason I'm...

Michael_Harding

Last week PCE came in hot and the Fed is very unlikely to cut rates this year. Forget about what you hear in the news about possible rate cuts. It's not happening... I'm bullish dollar, short stocks, short gold, and short BTC. Trade Safe

Michael_Harding

Taking a look at the 4 hour timeframe, price action attempted to break and hold above the high timeframe resistance. However following the 4H rejection candle, prices began to drop towards the ascending support. Question now is.. will this ascending support break and hold. ATR and RSI are both giving us early clues that it will. Trade Safe

Michael_Harding

Taking a look at the 1 hour timeframe, it's quite noticable that we have a clean breakout to the downside along with bearish divergence with RSI. This isn't much of a surprise as this pair is heavily overbought on the daily and weekly timeframes. Next week we get the latest policy decision from the BOE which likely will contribute to stirling weakness heading...

Michael_Harding

Taking a look at EURAUD on the daily timeframe, it finanlly arrived at a level of descending resistance. Question now though is will it break or bounce? Leave comments below. Let me know what you think of this pair. Trade Safe

Michael_Harding

Taking a look at the 4h timeframe, we can see price action broke and held below the ascending trendline. For me this indicates potential topping action. This pair is also heavily overbought on the daily timeframe so a correction at this point shouldn't be too much of a surprise. Cooper prices also continue to get slammed which may contribute to some Aussie...

Michael_Harding

This play is meant to be just a simple quick scalp to the upside in the event we pullback a bit towards the previous range of consolidation

Michael_Harding

Taking a look at the 1 hour timeframe, gold has been recovering quite well from the drop we saw last week. I'm now just waiting to see how this 1 hour candle closes out to help me with my next decision.

Michael_Harding

Taking a look at the 1 hour timeframe, price action is currently attempting to hold above the resistance confluence area. Should price action hold above at the end of this hourly candle, I would expect to see further upside towards my bullish target

Michael_Harding

On the 1 hour timeframe, we had a break and hold below the ascending support. Let me know what you guys think... Do you think this is a bearish breakout or fakeout? Leave comments below.

Michael_Harding

We're likely to dip lower off this level of resistance.

Michael_Harding

On the daily timeframe, price action printed a strong bearish engulfing pattern and now I'm just waiting for a sniper shot entry. This means prices need to climb back up to my desired entry area for me to consider short selling this pair. I have alerts in place - now just need to be patient and wait. Trade Safe

Michael_Harding

Just waiting for price action to climb back up to 1.1545 to consider a sell position once bullish momentum fades. This is only a 1:1 risk to reward setup but has high chance of success. Trade Safe

Michael_Harding

Taking a look at the daily timeframe, I'm still not convinced now is the time to sell. But in the event price action does close below the previous candle on the daily tf, I'll then look for a possible sell. My idea is chalked up on the chart of what I'm looking for. If this doesn't happen - no trade. Please note that this is not a complete trade plan, this is...