Not much to explain aside from using the price action structure provided in this pair.
Speculating Price Action, patiently waiting for Entry when price makes its way to re-test its Ascending Trend Line. (Careful CandleStick Reading Req.)
After a Successful Bull Run taken Earlier Last Week, I'm looking to find the next possible entrance in this pair. Carefully we will speculate if price gives us more definition on its intentions in the market as price action has reached its Respected Trend Line within Month(s). We are Prepared for both scenarios as we use proper RR in the Market, if price does...
With the Data given to us by the Market its only right to seek out both reason's as to why investors may enter Bullish or Bearish, My intentions in this pair is to speculate price action as it makes its ways to Important zones of Price Action. I'm waiting for Confirmations to Line-Up at Price Points I've Selected in the Chart Above.
Was waiting on AUD to sink to give more reason to enter short in this pair, so happens to reject off the 61.8% which is very ideal to us as it rejects off its Broken Descending Trend-Line. Looking for a Small Exhaustion in Hourly Time-Frames before Entrance in this Bearish Flow.
Price is at a very interesting area that could go one of both ways. EURCAD is sitting at previous Support which can signal us that a Bull Run is coming or Price is bouncing off Support in order to have a Proper Exhaustion therefore allowing the 2nd Wave of Bears to come in and break below that local Support allowing price to produce some new historic data.
Looking for a Trend Continuation Trade Entrance, using multi time-frame data. Looks to me that if we find a great entry then we can hold onto our position incase price action breaks above resistance giving us the ultimate trade in this pair.
Bitcoin broke out Bullish after a pretty shaky month where price was sought out using the same 2 zones of Support & Resistance, not much noise was being made. Now that PA is showing us some sort of Tone (Bullish) after this breakout was done, Traders are going to look at it 1 of 2 ways. 1. Bullish Breakout, Signifies a fake out thus meaning BTC's Price will drop...
Speculating Historic data in attempt to find an entrance in this pair, preferrably Bearish since we are more intrigued in Price Action showing us an Exhaustion in Price Action since the Bull Run has taken off. We aren't chasing Bull Run Continuation but we are also bearish due to Price Action gaining closer data near its Weekly Descending Trend-Line.
Looking to Re-Enter this Trend Following Protocols for Bearish Continuation Strategy for the most RR % return we can get from our Trade. Not sure if this will or won't play out this week but its definitely a set up to keep in mind for when price sets up properly for us.
We have here a bright set up for the reasons below -Entry reason for most optimal RR would be for price to check support 1 more time giving us a candlestick pattern to enter -Price is respecting its descending trend line therefore price wants to test it again before attempting to breakout -Price retesting its descending trend line 1 more time then gives us a...
Exhaustion + Fibonacci + CandleStick Confirmation is the 3pts I'm looking for in this pair for proper RR at the 38 - 61.8%
Waiting for the Bullish Confirmations to line up before finding the exact RR Set up. An Exhaustion of Price Action + a Fibonacci Retracement % will almost guarantee us an entry.
I still see Bitcoin raising the stakes by another $2,000 before seeing a Long Term Significant Drop in Price. Bitcoin doesn't per-say move by Fully Detail Technical Analysis (Patterns) more about how price reacts around Historical Data, the more predictable moves happen due to watching detail in price fluctuation.
Currently waiting on price to show some sort of minor exhaustion at this interesting area to continue this Bull Run. (Descending Trend Breakout Strategy)
Will be speculating what I understand from PA, whether its Loss in Momentum, Long Wicks with Close below, ETC. Perfect Area to look for a Short, left a few notes on the chart analysis itself to keep things brief but effective to look for incase some decide to take their own trades on this pair. Whats great about set ups like this is, if you had proper money...
This pair is moving in the direction where we can attempt to capture a Short Trade off of, using a tight stop loss using our historical price range. Some can wait for Candlestick readings but the previous wick in this area of local resistance tells us that there is a possibility that price can reject this zone, if not then no harm done with proper risk management.
Oil has gone through great lengths with bringing price down immensely. Price is showing either a reversal tone or the beginning of where price is looking to retrace. Through Historical Data, price that has converted from bearish to bullish, has reached our potential exit which is the Top Blue Line. Waiting for Proper Candlestick Confirmation for a Double Bottom to...