Bitcoin is in a Corrective phase to the downside an Impulse could happen at any time we don't know. Currently i see a potential possibility of the market pushing up.
Monthly : Bullish, Ended as a pin Bar. Weekly : Uptrend, Structure Break with Engulfing Candle. Daily : Broke through Resistance creating a HL 4HR : Wait for retracement and possible 61 fib entry confirmation pattern or candle.
Monthly - Price wicking to the downside (market is rejecting 1.7000) round figure. Weekly - last 3 weeks saw bullish momentum to the upside. Rejecting a Very strong resistance area. (awaiting pull back to collect buy orders). Daily - Structure break to the upside. Bearish engulfing at the swing high creating new Higher High. 4h - market is shorting towards the...
Based off of Yearly movement. I Think GbpAud is to reach 1.87500 this year where we could see bearish push very low. Currently with all the BS happening in the UK I believe this could happen. Fundamentals will move this pair a lot in 2021. Major news around my prediction is the May 2021 Local Elections.
Looking for continued Bullish momentum on this pair. Monthly : Bullish. Engulfing Daily : Structure break to the upside. 2 points on trend line says start of trend to the upside. 4hr : Fibs placed waiting for pullback into the 61 level. 1hr : keep patient waiting for a candle pattern to signal entry.
Reasoning for taking GBPJPY Long. 1. Daily and Weekly shows that we are at a double top area. (could be a strong reversal point to the downside) 2. 4hr still looks bullish. break of structure to the upside. 3. 61 fib retracement level held for potential upside continuation. 4. Potential upside target is at the very top of the double top area.
Weekly - 1st week of June the market shorted through a strong support level with no retest. Daily - Market is retracing in a corrective manner. Investors moving money to safe havens like Gold and Silver. 4HR - Market is discretely in an uptrend and expecting a push towards 98.00 1HR - Watching for how the market reacts around 98.00 and the 68 fib level. REMEMBER...
A possible forecast setup i look to take on EurUsd. At the moment on the Daily timeframe the market is correctively selling off. There is no sign of a lot of momentum to keep pushing it short. All im going to do is wait for signs around my levels to enter the trade.
Not much to say here. The chart shows what i am thinking if the market should reverse to go long on EurGbp.
Dont like trading Zar but this looks too good of an opp to miss
Also Keeping an eye on this pair. Zar looks to be gaining strength according to the charts.
After this long push short caused by the news we could possibly see a long on this pair.. its a retrace trade. I'll be waiting for a break and retest of this zone to take the trade.
This is not my style of trading as i usually go with the trend. We have seen such a huge push in the bitcoin price that we have not had a proper retrace. i feel now that BTC has tested the 10k area we could see a sell off coming before going higher to the 13k area.