A quick buy setup on ETH-USD, clearly on the chart, we can see a W pattern forming along with a double bottom. i believe we would be breaking through the resistance soon and when we do, you would want to wait for a retest of the resistance to validate the breakout. as soon as the resistance get's flipped as support, we should be ready to fly. try not to be...
Quick bitcoin chart showing a cup and handle pattern which is usually a bullish pattern and breaks to the upside. If this occurs, we might see bitcoin snapping to $60k within days. If this fails, there are two major support levels at $38k and $30k. but i'm expecting a break upwards within the week. Follow and share your thoughts if you agree or disagree! 😊
Quick sell setup on EUR-CAD for some quick pips. From the charts, there's a breakout from a short trend within a channel. I expect to see some nice pull back to our first major support level before probably going to the bottom of the channel. Eyes on charts, this would probably be a quick move Share your thoughts in the comment section, And follow for more
USD-CAD presents itself with a potential bearish movement that would probably see a decline of 200+ Pips to our long term support level at 1.29300. We've seen a First breakout from the trendline within the channel going down 200+ Pips followed by a reversal and price retest on our trend line. I believe we're about to see a similar bearing move. Trade...
Quick sell set up on GBP-CHF 2H time frame. We've got similar patterns on all GBP pairs, trade safely. Here, we're currently back into a channel after a price retest on quite a long term resistance level, if you look at the higher time from on 4H and 1 Day. We're currently trading below a mild trendline within the channel after a quick break from a small...
Happy New Week Guys. Here's a quick CAD-JPY set up to start the week with. Last week we saw a huge bullish rally breaking us out of our channel, taking us up to a resistance levels at 81.500 approximately, I believe the movements we saw resulted from fundamentals. Now markets are back to normal, we've come back down into our channel, followed by a trend breakout...
This is one of those trade opportunities you pray for while trading. The daily chart shows a breakout happening on a 3 year old channel. There's been several retest and bounce off from the resistance trend of this channel. We've also got 3 major support levels during the potential bearish move. These are levels where we would see potential reversals moving...
A quick 1 hour chart on EUR-JPY gives us an opportunity for a short term buy trade. This set up shows a consolidation above our channel followed by a retest. I believe we should see an easy 100+ Pip rise or more. Possibly a retest on the long term trend resistance as we can clearly see in this chart. Share your thoughts and ideas in the comment section below, we...
We just bounced off a long term support level dating back to July 2019. 1 year and 4 months old support level with multiple bounce off. We know levels like these with multiple tests are bound to break. I am hoping this one wouldn't hold much longer. Meanwhile we've got another bounce off and a mild break through from a trendline cutting across multiple tops where...
Here's a quick chart on AUD-USD 1 Hour Time Frame. We just broke out from a mild consolidation after a bounce of resistance level after yesterday's bullish rally. we can see similar consolidation patter at the lower levels of the chart which gave rise to a bullish move. Following price action, the current patter we see should drive us way down to 0.71500 where...
Here's a quick chart on GBP-JPY. This chart shows a clear channel being formed after a quick rally from yesterdays move. We're jumping in on a quick sell here after the bounce off the the resistance level of the channel We expect to see a bearish ABC pattern formed taking us down to the support levels of the channel. But we've got a quick take profit at the...
It's been a great start of the week, spotting this amazing setup on AUD-JPY. Here's a quick buy setup for a quick 100+ pip profit. I'll say there's an 85% chance we're going upon this, you can take my word for it. What we see here is quick breakout from a channel, after around 4 retracements from the channel's resistance level, now we're finally out. I think we...
Here we've got a quick look at EUR-USD breaking out from a channel with a bullish flag pattern. We've got our entry right above the breakout, Take profit at the next significant resistance at 130+ Pips and SL back inside the channel Trade at a minimum risk guys, it's Friday. Share your ideas in the comment section and don't forget to like and follow for more.
Here's a quick outlook on a short term buy opportunity for Gold . Currently trading within a channel with a mild breakout from a valid trend with multiple price retest cutting right across the channel. An entry at 1914.00 would mean a possible 160+ Pips between this price and the resistance levels of the current channel. A break from the channel so give further...
Another quick chart on GBP-USD on the 4H time frame. THE SELL CONDITION Looking at this chart shows two possible outcomes for the GBP-USD pair. with the trendline (B) holding it's grip since may with multiple rejections giving us a nice short term up trend. A breakout from this trend should send us down to a daily support level around 1.20000. While we wait for...
Here's a simple short term chart analysis on EUR-USD for the day traders. ... We're currently within a channel in a 2 hour time frame. I personally would wait for a buy opportunity on this but you know what they say, take any great opportunity you can get. A buy would be great when we break out from the channel through the mild resistance as we can see clearly in...
Hello traders, it's been a while since I published an idea, well here's one.... This chart analysis depicts my current long term view on EUR-USD. FUNDAMENTAL POINT OF VIEW with the dollar getting weaker by the day as a result of the economic drawdown caused by the pandemic, I expect this pair to soar higher in the coming days, weeks and months. Though this...
Hey guys, had some free time today, so i decided to make this chat, showing exactly how people react to the bitcoin price movement either as a store of value or as a long term investment. From my opinion, there's no better time to invest in an asset (Bitcoin in the case) other than when it's cheap and affordable. I wouldn't say I've gotten a spiritual vision...