RiosTrades

RiosTrades

Price Action (Technical Analysis): Spotted a potential Inverted Head and Shoulders Pattern at Key Support Zone while in an Oversold Market in Weekly Time-Frame. We have a Bias that price needs to press up due price pressing down to Weekly low in this Triangle Trend (Weekly Time-Frame). Our last resort to continue this idea would be price rallying at the 61.8%,...

RiosTrades

Price Action (Technical Analysis): 4 hour time-frame we find price forming an Advanced Breakout Pattern. Price is consolidating at our Key Support Zone so we expect an exhaustion from price pushing down heavily to this rally. 1 thing we have in mind is that buy orders will be entering into this zone because of historical data shows us that this pair is buyer...

RiosTrades

Price Action (Technical Analysis): Dropping into Hourly Time-frames, we do have Bearish Confluence in the Dirty30. My interest is speculating price action leading towards a potential breakout of the ascending channel. Market pushed up to our Key Fibonacci Level giving us a hint to look for Structure or Trend Breakouts to then short price. All eyes on the...

RiosTrades

Price Action (Technical Analysis): Looking for a Bullish Hammer or Long Lower Shadow in the 4hour/Daily before entering long on the pullback to previous structure. Fundamental Analysis: DXY, being shorted.

RiosTrades

Price Action (Technical Analysis): Very interested in the set-up the Aussie/Yen has presented us, we see an ascending channel of buy orders swarming in telling us buyers are gaining their confidence here at Key Level of Support (Weekly). Price is above our 100 Day EMA and will use it as support and look for Buy Opportunities if the Aussie breaks above and tests...

RiosTrades Updated 

Price Action (Technical Analysis): Dropping into the Daily Time frame we get a closer look at the Parallel Channel the Aussie/Dollar has been moving in. Price met a level where buy orders are storming in, giving us a heads up that bulls may gain confidence and push price above. Candle Stick Confirmation is required before entering. Fundamental Analysis: None.

RiosTrades

Price Action (Technical Analysis): Price broke out of the daily bearish wedge, either price continous to break below and test the previous structure it breaks (Support turns into Resistance) or price decides to retrace to a key fibonacci retracement level. Fundamental Analysis: None.

RiosTrades

Price Action (Technical Analysis): I don't like to over complicate analyzing any pair or currency so here we have the Dollar rallied up to an interesting area to begin reversing and possibly breaking below our ascending channel. Price can very well progress to faking out retail traders and push up higher into our resistance zone. Fundamental Analysis: We mostly...

RiosTrades

Price Action (Technical Analysis): We see Sellers are beginning to gain confidence as price was rejected when entering our Resistance Zone. It is common to see Price Copy its Previous Pattern, we seen price attempt in the same pattern to break our Weekly Resistance and instead brought back down, Buyers are attempting to break above one more time but from what I...

RiosTrades

Price Action (Technical Analysis): Top-Down Analysis is showing us that Price is continuously pressing up and respecting our Weekly Resistance. Speculating the Weekly Rising Wedge tells us that price is Coming to a Squeeze and we Expect Sellers to come in, Break this pattern, giving us a very good idea to go in short with good candle stick readings at Key...

RiosTrades

Price Action (Technical Analysis): Price is flowing in a Descending Parallel Channel, i'm anticipating price to continue in its channel until reaching our Support Zone around 101.000. If our E Wave is properly set-up, it can give us our next push down completing our Elliot Triangle Waves also being our next Short Idea since we are in a deep downtrend....

RiosTrades

Price Action (Technical Analysis): After my previous analysis on Bitcoin last week, Bitcoin is beginning to gain it's confidence against the dollar. Price broke out of our Daily Descending Trend & after a breakout we anticipate price retest the trend line or find an exhaustion around our strong Fibonacci Levels (38.2 %, 61.8% &/or 76.8%) i'm favoring the 38%...

RiosTrades

Price Action (Technical Analysis): After a bit of a crazy week for the FX Market due to Fundamentals. Price moves and closes at a very interesting zone which would be our Weekly Mid-Range Zone, this zone tells us that we can expect 1 of 2 options. If price breaks below this zone we can expect price to find its way to our New Support, let's say Sellers decide to...

RiosTrades

Price Action (Technical Analysis): Expecting price to either begin to Consolidate or Break Lower Lows. My bias on this analysis is to go long because this pair is rallied at our Monthly Support Zone. In the case that price begins to break higher highs & lows, an Ascending Pattern of some sort would be a great sign to look for a break above previous low (C Leg)...

RiosTrades

Price Action (Technical Analysis): After receiving a decline when price reaches its descending trend line, Bitcoin looks to be coming down to the end of its squeeze anticipating a high volatile push to the upside as buyers are getting ready to enter this upcoming week. Fundamental Analysis: Big week for the Greenbacks as traders interested in Bitcoin speculate US...

RiosTrades

Price Action (Technical Analysis): After Friday price is still consolidating between our 9 day & 26 Day MA. There is still a lot of buying volume in the market using our Ichimoku Cloud and RSI, indicating Daily Oversold Market. If price continues to fall then I expect buyers to enter the market around 1395-1400. We are in a bullish market and consolidating in...

RiosTrades

Price Action (Technical Analysis): Daily Price Action is sitting in Consolidation, we are waiting for the bigger play as price is already showing us both accumulating structures are respected. We are going to let price flow this week as we already have a bearish confluence giving us a seller bias, +200 Pips Calculated from either pull back entry after a breakout...

RiosTrades

Price Action (Technical Analysis): After Analyzing our Long-Term Position Zone last week, we are speculating price in smaller time frames to assure us price is continuing to our Monthly Support Zone. Price is in a descending parallel channel targeting our Monthly Low, Wave 2 we have an ABC Correction. Wave 4 developed Elliot ABCDE Triangles. Calculating the end of...