Posting a quick daily analysis, as I am currently in the process of moving house so I have been very busy.
Bitcoin is currently trading at a horizontal support zone between 6040 and 5930. Price could either bounce up from here to the highs, or break the horizontal support zone and break lower.
Now, for this next part I recommend you read my previous Bitcoin...
Last post: June 24th. See chart .
Review: Price had pulled back to the daily 20sma which was acting as resistance.
Update: Price has bounced off the 20sma and produced a potential bearish engulfing candle suggesting weakness.
Conclusion: Continuing to stand aside until pivot support is cleared and price moves towards 1.3000.
Any comments or questions, do...
Here we have an example of an event within an event within an event.
Next move on the weekly event should be a sign of weakness towards the bottom of the range.
Daily event shows a distribution event that is currently in phase C lpsy.
With weekly & Daily bias bearish, this increases our probabilities of a successful short in the h1 TF, which isn't in phase B of...
Price has been rejected off of the Monthly Support area of 1.15550 heading up to the Weekly Resistance level of 1.17150. Waiting for Fail of level before getting short. Note Price is in a wider Range of 1.15550 to 1.18350
1.2RR Trade
Stop 1.17400
Target 1.16750
Hi guys,
We have a very nice bearish divergence on H4 but not yet on shorter timeframes suggesting the pair is preparing to go down but is not fully ready yet, so no rush. We could have a nice confluence of two resistances (check the chart) so it would be a perfect area to short the pair. The potential is about 70-75 pips on this trade.
As you can see we have...
Hi guys,
Happy to publish again in here, been super busy with some various projects. Excited to share them with you soon !
GBP/USD has been accumulating as we can see increasing volume in the highlighted area acting like a support. This is clear on H4 and on M15 as an extra confirmation with a very nice bullish divergence.
The idea is to buy as soon as we see...
A strong USD and increasing political instability in Germany are weighing on the Euro.
So long as we remain below 1.1600 and it's key support in the 1.1630 area, bias remains
down and the key test is 1.1520. Below that it's quite a free fall.
A hawkish FOMC has pushed USD higher into the week.
The looking trade war, alongside lower Crude Oil prices have kepft CAD subdued.
Retail traders remain strongly short USDCAD and as such, we like the odds of
further upside.
Hey guys this is my take on Bitcoin, i think that price still wants to retest the February low, but after that, we can possibly start a new uptrend, therefore we'll have to wait for price to break the closes down trendline before taking any trades to the long side. GL
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Last post: June 13th. See chart .
Review: Price had bounced off resistance suggesting weakness back in the direction of the bear trend.
Update: Price has continued to weaken but is a distance away from breaking and closing below the pivot support of May.
Conclusion: Applying patience and waiting for price to clear support before placing further short...
All I have to say is I would not risk betting against the US dolla :p
USDCAD ... Nothing stopping it...
CAD might lose value against other currencies even.
GBPUSD has bounced, a sign that others will follow?
USDCHF let's see what happens when it reaches the top :)
USDMXN actually dropped hard! Watch out this could happen to other pairs if the USD keeps...
Weekly chart is showing us multiple confirmations for a continuation to the downside.
PA showing a double top at the 1.40 price level, suggesting a strong point of previous support before breaking through mid 2016, has now turned resistance.
A break below the neckline and the EMA band came in conjunction with the MACD sell signal.
There's a range between...
Last post: May 30th. See chart .
Review: Price was very much bullish but faced with the weekly 200sma acting as resistance which caused a pullback.
Update: Price is still faced with the weekly 200sma as resistance but a bullish move on Thursday could give momentum to the bulls.
Conclusion: Standing aside until the resistance zone is cleared and acts as...
EURO / USD Near Short Opportunity
Why?
~Bearish candles with big volume on rejection showing price can't go much further
~Bearish divergence on RSI
~Yume looking to twist on rejection by Miaku line
~Confirmation of break over trendline, with pullback to under the trendline
To be traded on 1-10x leverage. Depending on stack size.
Message me if you want to...
EURNZD has formed an impulse leg A and we are currently in the B correction which shows 3 waves at this stage. I expect a move back down to the low at 1.6715 and then a move to break out of the correction. It is possible that the correction will be a 5 wave structure but either way suggests a break to the upside. I have entered a short position down to the low...
![EURUSD: [EUR/USD] Short Opportunity -2.67% R/R: 2.44](https://s3.tradingview.com/j/jHokwSkz_mid.png "[EUR/USD] Short Opportunity -2.67% R/R: 2.44")
