Shorts swing idea - BTMM First trade was a BLB set up based on H1 timeframe. Now, on H4 I would like to take this M pattern to take the lows.
50/200 cross to continue bullish. I really like the M30 timeframe as well as JPY pairs have been bullish for the past week.
This is the current trade I am in with my funded account. Daily bias still needs another bullish cycle in terms of BTMM and lower timeframe aligns with the main sentiment
Overall Bearish at the moment with gold. I see a nice BTMM pattern to short it. First target 1964 area, 2nd target 1948 area.
BTMM wise, I am looking for a continuation sell for the ongoing downtrend. Entry was at the 15 min chart, however, 4h chart looks cleaner for sells.
Hey yall, let me know what you guys think about my analysis and the trade I placed this morning for GU
Consolidating right now at the trendline and 1.39200 resistance level. I am hoping to see one more touch at the trendline before heading back up. Also, tomorrow is FNP day so USD could get way more stronger and make the price of GBP break through the trendline. If this happen then I would be looking for a retest and entries for sell.
GU bullish after retraced to the 50-61.8 fib retracement level on the Daily chart. Went up by 600 pips
Top Down Analysis where gold broke through the 1670 support. I will wait for a possible retest to the 1670 zone and wait for a drop to the next level of support 1660.
Looking at the 4h Chart, I can see how bitcoin broke through the trend line to end the uptrend. I expect a possible retest to the trendline and then drop. Long term trade Idea would be bitcoin dropping to the 30k zone.
I believe the price is arriving to a zone of resistant where it could possible form a double top and start decreasing (M form) in the Daily chart. I then also go to the Hour chart to get more confluences and do my trendlines in order to follow the next move. Any opinion or help is welcome since I am still learning.
I am learning how to trade, I really think that it will touch the trend line and go all the way down to the support line after that