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mainstay Updated 

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mainstay

Hey traders, looking at XRPUSD and keeping it simple and clean as possible on the Daily Time frame, it looks like we have come to an important PRZ zone on the Fib Retracement (88.6%) and we are currently at a make or break moment where it's a battle between the Bears and Bulls. If the market breaks above the first resistance level (in blue), this will also mean...

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Hello traders! According to my technical analysis, it seems that GBPJPY is currently in an uptrend. Not only is this true on the 1hr time frame, but it is also true on the 4hr and the Daily time frames. (The trend is your friend, and never trade against it unless you know what you're doing). To start things off I would like to mention the Trend Line (in...

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Hey guys looking at GBPJPY on the 15m chart you can see a formation of Higher Highs and Higher Lows. If the market continues to act in correspondence with the pattern we are on our way down to create another leg to the downside with a major support sitting at 150.00. The 12 EMA (in blue) and the 26 EMA (in red) are beginning to cross which is a good sign for a...

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Hey traders, Looking at GBPAUD on the 1hr time frame I have noticed 2 important things. First, we have run into a strong demand zone, and second we are creating a bear flag and the bottom of the flag aligns with the bottom of the demand zone at 1.825. If this bear flag breaks, and we confirm the bottom of the bear flag along with the bottom of the demand zone as...

mainstay Updated 

Good morning traders, I hope everyone made money last night or at least learned a valuable lesson! I know i did, and that's what I am going to share with you all today (just thank me later) ;) Okay so check it, Last night right before London session I was watching GBPAUD, and I couldn't help but notice it was starting to break out of this bull flag channel (in...

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Good morning beautful traders, and thanks for tuning in on this little update I wanted to share. As you can see, we are looking at GBPNZD on the 1hr time frame, and my gosh did we fall back into the bull flag channel (in black) with an extra UMFF!! This is why it is very important to let the market confirm the old resistance as new support BEFORE you decide...

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Hey traders watch out! Hopefully you guys are ready for some more selling! XRPUSD not only broke through the bottom of my downtrend channel (in black), but it also broke through my support zone (in blue). The 20 EMA now rests right above my support zone (in blue) giving that level and even stronger resistance if we decide to turn things around. If we break...

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Hey guys check it! ETHUSD just broke a major trend line!!! (Oh $h*t) Things are not looking good, on the other hand there is a major opportunity to short this pair along with LTC, XRP, and BTC of course. Currently BTC just broke the bear flag that it has been consolidating in the past couple days, and now it's dropping like a stone!! There was just a huge spike...

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Hey there traders, so here I am looking at GBPNZD on the 1hr time frame. First off, I would like to say thank you to all of my viewers! Second, let's get down to business! The market has finally broken above the bull flag formation that has formed over the past week, and I am now sitting on my hands waiting for the breakout to CONFIRM the top of the bull flag as...

mainstay Updated 

Here I am watching EURUSD on the Weekly time frame. I usually do not pay very close attention to the Weekly and Monthly time frames, but at this point in the market we are at an important level. The market has been in this downtrend channel (in blue) since 2008. There have been multiple rejections off of the top of the channel, and the market is now approaching...

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Hey guys just wanted to give you a quick update on GBPCAD on the 4hr time frame. The last 4hr candle that printed broke through our bull flag, and this current candle has not returned back into the bull flag, which is a great sign of a confirmed breakout. I am currently holding my long position which I entered into on the printing of the second candle that...

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Welcome to my analysis on ETHUSD! Let's get this going! We are looking at the Weekly time frame & first off, I would like to mention how the 50 EMA (in red) sits right where the 0.786 Fibonacci support level is. Coincidence? I think not! If this level is broken and we confirm it as new resistance, ETH is in big trouble in little China! On lower time frames (4hr &...

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Here we are looking at GBPCAD on the 4hr time frame. To start things off, I would like to mention how we have found support multiple times on the bottom of the bull flag. The multiple rejections to breakthrough to the downside help solidify the support and authenticity of the bull flag. The last candle did close above the EMA (in blue), but we still have to...

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We are now looking at the 8hr time frame.. As I mentioned in my last update on GBPAUD we are and still are in the consolidation period of this bull flag. We are beginning to approach the region I mentioned in my last update would be a strong level of resistance (1.8375 region). We are now coming to the top of the bull flag and 1.8375 (grey dotted line). If we can...

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Looking at GBPAUD on the 8hr time frame we have developed a bull flag (in black). By the size of this bull flag we could break the top of the uptrend channel (in pink) or at least test it. 1.8375 (gray dotted line) is going to be among the same level as the top of the bull flag so this level needs a confirmed breakup before trading this bull flag. It is...

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GBPCAD 0.01%on the 4hr time frame has produced a bull flag (in red). If we break to the upside of the bull flag , based on the shear size of the flag, we could see some hard upside momentum meeting with initial resistance at 1.8375. On the flip side, if we break to the downside of the flag we will meet with initial support at 1.8125. Either way I have marked my...

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I noticed XRP is making a huge bull flag! Lets see how this plays out.