Michael_Harding

Michael_Harding

Starting with the weekly timeframe price action is currently testing the 50% retracement level from last week's swing high. This is known a common pivot point. Taking a look at the daily chart below, price action remains elevated above the 2350 psychological support level. RSI also holds strong above 50. Lastly on the 4 hour timeframe, the technical backdrop...

Michael_Harding

Taking a look at simple price action on the 1 hour timeframe, we can clearly see the divergence with RSI. RSI also quickly snapped back below 70. I now have a bearish target at 1.2765 for a 1:4 Risk to Reward Trade Safe

Michael_Harding

Bitcoin regained some of it's loses on Friday following the US jobs report which points to a slowly cooling economy. As of writing this report, BTC is now trading above the 1 hour descending level of resistance. The question I have now is will this pair pullback up to 60k?

02:51

Michael_Harding

Second BTCUSD trade about to reach it's target. I'm now waiting for more directional clues but I suspect that we might get a bounce off of the descending level of resistance so I'll be monitoring that.

Michael_Harding

On the 5, 15, 30 and 1 hour timeframe, BTCUSD is showing signs of bottoming action with price action. RSI is also confirming as we head into the NFP. Should NFP disappoint analysts forecasts, I believe Bitcoin will reverse to the upside. My trade idea on screen is a 1:3 risk to reward setup. That's it - That's all Trade Safe

02:28

Michael_Harding

In my previous video I mentioned I was waiting for a strong bullish candle on the 15 min timeframe. I was alerted about that candle, and my short is closed. == Previous Video == Now, on the 15, 30 and 1 hour timeframe we are getting clues of bottoming action so I am interested in getting in on a long trade here. I'm also adding room to add an extra long...

02:55

Michael_Harding

Today I'm sharing with you guys a special indicator that I use which is not available to the general public but if you want access to it, just send me a DM. Let me know if you like this indicator that I'm using. Feel free to leave comments below.

Michael_Harding

First attempt at shorting gold got stopped out but that doesn't mean I give up. Second attempt means I double up my volume. That's it - That's all Trade Safe

Michael_Harding

Waiting for a pullback from the 1.08 to consider going long. EURUSD spiked today following weaker than expected ADP from the US. What I plotted on the chart is kinda of what I'm expecting to see with EURUSD in the next week or so. With that said, I'll only be looking for long setups until we reach my final target. That's it - That's all Trade Safe

Michael_Harding

Just a simple short scalp trade here with a 1:2 Risk to Reward

Michael_Harding

Taking a look at the daily timeframe, this pair seems to be losing bullish momentum. Oscillators are also confirming. With that said, I plotted out a 1:2 Risk to Reward Setup with Stop Loss above the most recent high back in last May. That's it - That's all Trade Safe

Michael_Harding

This trade plan consists of 2 possible entries First entry begins now on the long side at 61,897 SL: 60,768 TP: 64,407 This is a 1:3 Risk to Reward Setup Now if we end up getting stopped out, I'll look to enter again on the long side at the 60,000 support handle with a stop loss below the lowest point onscreen and the target remaining at 64,407. Something to...

Michael_Harding

There's been a confirmed bullish breakout from the descending channel of resistance. This breakout could spark renewed enthusiasm to push higher towards the 50% fibonacci level that I plotted out on the chart. The reason I'm targetting the 50% level is because it will likely coincide with the 100 SMA once we reach that level causing a confluence of resistance....

02:14

Michael_Harding

Reasons I'm bullish include: * Strong rejection candle on the weekly timeframe * Bullish breakout from descending channel on daily timeframe Will we see some follow through momentum?

02:33

Michael_Harding

Follow up video from yesterday's Loonie forecast. See previous below

00:56

Michael_Harding

I'm expecting to see some strength with the Canadian dollar following the jobs data on the economic docket. Reason being is because I believe the Loonie is oversold and a little surprise to the upside may trigger some bullish momentum. Trade Safe

01:53

Michael_Harding

All timeframes show gold is holding above the 200 SMA which is a strong bullish indication. Furthermore, correlating assets such as BTC, US30 and DXY also confirm that gold is likely to continue higher. My bullish target is around the 2400 level. At that point, we need to wait and see what happens with our fundamentals. Trade Safe

Michael_Harding

Taking a look at the daily timeframe, price action continues to trend lower in the bearish channel. In the event we get another daily candle that closes below the last, I would expect to see further downward momentum towards 55,000, and then 52,000. Stochastics is overbought and RSI is holding below 50. These are 2 additional technical confirmations that this...