Happy Wednesday traders! It has been a slow 7-0 days for anybody trading USD/JPY... However we had AMAZING movement today so I came to the community with another chart breakdown! Hope you all enjoy and leave a comment if you gained some knowlegde and more understanding of the market through this breakdown. Road to 10,000 hours...
HAPPY WEDNESDAY TRADERS! Breaking down my current live trade with USOil and what Im seeing from a TOP DOWN Analysis... Very key. Hope this insight helps with your Oil markups and trading. If it does, leave a lik, leave a comment and lets all win together (: Also FOLLOW my GRAM for more (: IG: @issdrake
WHATS UP EVERYBODY! Happy Wednesday traders (: Heres a fresh markup on USD/CAD. Currently live in this trade and definitely wanted to update my Tradingview family on what Im seeing with this pair. Hope this helps at least 1 person out! Leave a like and comment if it did! Also follow me on the GRAM FOR MORE! (: IG: @issdrake
Hey everybody! Drake Denison here with another chart breakdown. EXCPET this is my first time breaking down EU for everybody... Not a pair I usually trade but definitely showing very clean structure and a clean full breakdown from the TOP DOWN! Enjoy and make sure you follow my Instagram for more! IG: @issdrake
Here is a major breakdown of USD/JPYu before the market open. It is 10:08 am on a Sunday here in Fort Worth, TX. Top Down Analysis is the key to my trading so providing you ladies and gentleme an insight in what I see with my favorite pair. I have not traded this pair as much since January 2nd, mostly because of the flash crash, but I am starting to see this...
UJ has been completely out of wack ever since the flash crash.... However I do believe we have seen a Break of Structure to the upside giving the reasoning for my bullish fibonacci. We found a higher high point and formed major support at the 23.6, then breaking below it down to the 38.2 Fib giving us a VALID Higher Low point on this pair. Breaking this down...
HEY GUYS! Drake Denison here with a chart update! Caught this trade on the Daily timeframe last couple weeks and waited patient on this pair to retrace up to our broken support and use it as resistance. Then I watched the lower Time frame Breaks and set my take profits and stop losses accordingly! Again, want to bring extreme value to my page and have yall...
Drake Denison here with another chart breakdown! Focused on qulity videos currently and bringing as much value to my page as I can possibly give! Hope you all enjoy this breakdown and watch out for the MANY more to come! Leave a LIKE, COMMENT, & SHARE if you enjoyed the value given. THANK YOU!
USDJPY as you all know is my main pair. We have a special relationship. Analyzing this downtrending pair I see sellers continuing with structure being broken on lower time frames. If you are trading this pair pay close attention to 2 hour Bearish Engulfing. If this happens I see price continuing down to the 105.200 area for 1st Projected Structure. Good luck...
MY FIRST CRYPTO ANALYSIS!!!! Although I usually stick with one currency pair, USDJPY for the most part, I have ventured into Technical Analysis onto Cryptocurrency the past couple months. Trading wise it is very different with huge profits/losses rapidly from the pip movement or cent movement. This is my recent analysis on BTC and plan on publishing more on XRP,...
Amazing couple weeks for one of my all time favorite pairs. We have seen a huge 200 pip range for this pair for months directly under the weekly 50% Fib Retrace. In my last analysis posted I hinted that this was the first Lower High for the huge 1600 pip drop and we could see sellers take back the market from this range. 2 days later this came true with a meltdown...
For the past about 45 days we have seen a little under 300 pip range of consolidation. However on the weekly the 1600 pip drop from last may to September had never made a valid Lower High until it reached the 38.2% Fib RetraceIt has found resistance under the 50 level on weekly which shows still a majority of sellers in market. This strong median is what is...
NZDUSD is the only pair I;m watching tonight. Very slow at showing structure but definitely readable. My last analysis was showing bears coming into market, which Im sill open to, but I never marry a direction. 23.6% is a continuation fib and is currently being respected on 1 hr. Im reading candlestick on very time frame to either see an engulfing or momentum...
FRESH CHART. I am currently trading this pair. Are we seeing bears break out of this pair finally? Has been sitting below a 4hr, 78.6 Fibonacci line and finally came and wicked it with bearish momentum switching in lower time frames. Enter this pair with structure break. Take profits on ALL trades when you see momentum switched in lower time frames, even from...
Hello traders! While analyzing NZD/USD, I see the 0/support/structure level tested MULTIPLE times. Structure has been broken for this pair so continuation in this pair can be paired but with WICKS on higher time frames we could see a stall in bearish action for a period of time. I will look for entry when highs or lows are being broken throughout lower time...
Seeing break of structure on lower Time Frames and clear bearish engulfing on 2+ time frames. 1 - 7 hour chart are around 88.6 - 100% retraces and this is where we will see sellers fight back and bring this pair back down or if we will see more bull action. Enter with as many confirmations as you can.
UJ has been a ranging pair the past couple weeks but all playing in with the bigger Time Frames. When bigger TF's are dojis, you will more than likely see big moves up and down in the same range of pips, However with UJ pushing down previously we are looking at the continuation of this downtrend on higher TF or we will see the break of structure and trend change....
GBPUSD is a beautiful pair at the moment. Price has pulled back to a 38.2 fib zone and lower Time Frames are crating seller momentum. Structure is important to analyze before, during, and after your trades. All Technical Analysis and pure structure. Using Fib levels as Take Profits. Enter on pullbacks and your own confirmations. Most Likely TP @ 1st TP, then...