Good Afternoon this is an analysis of BTCUSD from a Daily Chart starting from May 2017 when BTC value was within $1000.00. since then we have seen an uptrend with retraces/corrections before the huge gains in December that topped out at $20 000.00 since then it has lost value at a sharp rate, dropping down towards $7000.00 before Fridays sharp price drop down...
The BTCUSD pair on the four hour chart has broken the uptrend trendline support and dropped in price from $6433.70 down to $6110.00. This is an area f resistance that I had predicted earlier today. Bitcoin has so far lost 3.64% to the Dollar and largely due to the news events in the United States over the past week and in particular yesterday. the (MoM), (YoY),...
BTCUSD has a common repetition at $6000 and $6500 with $5800 being the major support. on this 4 hour chart we have a downtrend resistance and an uptrend support. horizontal support at $6300 and resistance at $6600. if the pair respects the trendlines we could see two Buy positions at $6600 but should we break I would wait for $6000 before looking for anything...
good afternoon. market setups do not always go the way that you analyse or see, hence the saying "Trade what you see - How to profit from pattern recognition" Positive Non Farm payrolls and a Strong Dollar leading to strong Bears in the afternoon session. Learning as I go, humbled to accept the losses and go back to my journal to see where I can improve and how...
I have identified a downtrend channel after a Bullish run to 0.786 on the Fibonacci retracement tool. we have gone to see a DOUBLE TOP formation but with no further success at 111.500 this area I had identified as a strong resistance area for the USDJPY pair. yesterday we saw a strong YEN over the Dollar that saw price drop from 111.340 down to 110.540, this was...
The pair retraced off 0.618 briefly yesterday down to 1.31100 before price being pushed back up to the 0.618 level. I had enetered a short position at 1.31464 before being kicked out at 1.31671 in the early hours of this morning. the pair Is at a key level and today I await the NON-FARM PAYROLL readings to see which direction the pair takes and also what the...
Good Morning to all. in the early hours if this morning there has been Bearish movement which has broken the Monthly Low formed yesterday at 0.71450 and has now formed at 0.71400. I have identified a new structure of a downtrend channel and with thus lower low having formed today its the fourth retest and a new monthly support at 0.71400. Today we do have a...
market prediction = 100% I have locked profits at 128.950
Profits taken, I followed my analysis and it paid off
During Lunch South African time we witnessed a Retrace down to test the new support line at 0.71850 and over the past 3 hours witnessed some bullish movement. price is no at 0.72120 and having failed to break the horizontal resistance I have identified a triple top formation and consolidation. I have entered short and my analysis is as follows
this is USDJPY on a 30 minute time frame. on the 30th of August 2018 the pair dropped with huge Bearish move down to 110.700 before the bulls picked up momentum to move up towards 111.341 at this price I did not see any reason to why the pair would change direction after the original trend was a down trend breaking the 0.618 Fibonacci level the Pair pushed up...
this is an update om the AUDUSD on a 15 minute time frame. the pair witnessed a price drop after a monthly low reversal at 0.71450. the pair went Bullish the whole of yesterday and resisted at 0.72105 reversing with an Evening Star. this was also a Fake trendline breakout and during the Asian session the market retraced back to where it got rejected, at...
hi all. the Dollar gained strength over the Aussie during the Asian session to see another resistance line test after a failed break out. it has presented a buy zone and the analysis is as follows.
TAKE PROFIT REACHED WITH ZERO RISK, PARTIALS TAKEN
Good afternoon, this is to update you on the analysis posted yesterday on the GBPJPY chart, take profit of the 145.000 region has been reached with ease.
this pair has reached a a new monthly low of 0.71450 and I entered LONG at 0.71622 and will be trailing my stop loss
Good morning to all this Wednesday morning. this pair reversed at 131.000 after a Bull run aince the beginning of August. the pair dropped down to 0.382 on the Fibonacci retracement tool and along the way there have been two retests on a downtrend trendline my target for this pair at the beginning of the month was 135.000 but should a downtrend resistance test...
this pair has reached 0.71600 which is a supply and demand zone. the pair has been on a downtrend since February 2018 with four trendline retests whilst on the way down. the pair consolidated during the months of July and August. on the 15th of August 2018 the first rejection occured and the market retraced to 0.236 (0.73880) on the Fibonacci Retracement Tool...