I drew the two yellow support lines about 1 year ago, and price came down exactly to the first level. There is potential for that level to get tested again, and go lower before continuing with the descending broadening wedge pattern and breaking out upwards. With interest rates still rising, there is a lot of talk about the markets going lower. Please comment your...
Pretty long term bullish flag formation, watching for a breakout.
The moon is an understatement, let's go to mars.
Who's ready?
The election hype is over. Time for the banks and the US dollar to come to the realization that printing money will weaken the dollar. Looking to buy somewhere in this zone based off price action.
If this one hour candle closes looking bullish, this trade will make you money. Recent breakout of a downward channel formation, retest, and big buy opportunity.
Price is looking to go lower, but I think there or thousands of orders that will be activated at the $27,678 area, and will hopefully push the price upwards. Low risk if you do this.
I have been nailing the top and bottom of this upward channel formation that has lasted months. It is approaching a resistance zone on the weekly chart that may force it to correct and break this channel downwards to the monthly trend line. Also highlighted are support and resistance zones, which have very smoothly been moving price action through the...
Here you see what happens when we have a bitcoin shortage, and more whales are looking to enter the market. This seems to be pure manipulation so that whale cultists can get in at a lower prices. Price may keep going down, but I wouldn't panic folks, as it will most likely recover soon. HODL for the win baby!
USDCAD made a huge move yesterday during the Presidential dog and pony show. It may correct just as aggressively, so follow the price action and wait for confirmation. FYI I caught the two previous moves from top to bottom/bottom to top. While this currency pair is trading in this downward channel, lets get these pips.
The chart should speak for itself. Please leave comments if you agree or disagree!
NZDUSD is currently in an upward channel on the daily chart, and has recently touched the top of the channel, and is headed back downward. I think major resistance will push it further downward in the coming week. This trade may take a week or two to finish, but if you like long term trading give me your thoughts! Please use proper risk and wait for confirmation!