1) Price looks like it is losing momentum, as the bullish candles are getting smaller and smaller.
2) There has also been multiple touches of this downward trendline
3) The RSI is also coming to the overbought area as well as divergerence
I personally will be looking for the ascending trendline to break with potentially a retest before entering
This is a good...
GBPNZD is going to treat us very well this week if the pattern is correct.
Most of the time when im reading the patterns, im getting them right so lets see how this will play out.
I'm about to do a live trading video on it, so stay tune and wait and see.
Trade Safe - Trade Simple
EURUSD was doing exactly what I was hoping for. My analysis said, its going to have one more low. And it did. I closed it for profit, it was £1400.- on this trade.
Later on today will do a video on my channel, how I managed to get this trade and what my thought process was.
Will do a bigger EURUSD analysis on this pair because the upside...
CADCHF forming a nice pattern which could go two ways really. Im in the buy from the arrow and hoping I can make a nice Friday gain on this trade. If its a good one, will do a video on it and you could watch it on my channel.
I set my SL in a reasonable price so if its goes against me, I will deal with it.
Stay tune for update.
EURUSD is about to talk to us really loudly. Lets see what its got to say. As it seems now its in the downside and its making a bigger pattern on the daily timeframe, and on the weekly trendline. That means, something big is about to happen.
Please be very careful with this trade. I don't see anymore potential in the downside part of this trade....
AUDUSD had a beautiful breakout from last week's channel pattern.
Let's wait now and see what kind of pattern formation is going to form. It's going to be something that we know, I can assure you that.
Stay tune for the update on this trade. I will try to do a live trade on it.
I previously predicted there would be a bull trap, you can see on the 4H chart that although the past few days have been rough for BTC; there's still hope of a bullish breakout soon. Check altcoins for more evidence.
This is the time when these two major pair is about to talk to us.
Let's see the EUR viewpoint : - The price is breaking out from the weekly trendline and it's making a beautiful pattern formation that we can recognise. The way to trade this, is now to wait for the confirmation and get into the buy.
BUT here comes the USD viewpoint: - The price...