Price is at a key level and could be forming a double bottom. The level has already been tagged and rejected and now price is forming a lower time frame structure. There is potential for price to move up to the beginning of structure which is also a recent high.
- LARGER BULLISH CHANNEL W/ PRICE ON 1/4 AREA
- SMALLER BEARISH CHANNEL W/ PRICE AROUND 1/3 AREA
- SIGNIFICANT NUMBER
- 71% + 50% FIBONACCI RETRACEMENT
**THIS ANALYSIS IS CONDUCTED AFTER CORRELATION ANALYSIS OF OTHER MARKETS IS CONDUCTED**
**ADDITIONAL RISK AGAINST LONGER TERM HTF BIAS**
This technical analysis does not involve fundamentalist factors, which are the most important and relevant. As there is no data on it, I just relied on calculations of previous cycles plus the Bulls season data (In general, not only in crypto. I already made a few posts with data about this topic).
If you think $ 360,2232 it's an absurd value, what would you say...
Since my last published idea on the cable, I still maintain a bearish bias on the GBPUSD pair seeing that price failed to make a higher-high even after hitting my stop-loss on the short position. Well I've had to erase my previous drawings and had my lines drawn again and I believe I saw the market in a different way. On the daily time frame I took note of the...
Similar to CADJPY, we could experience short term bullish moves at least the the high/beginning of structure. Price is pressuring the top of a descending channel which we could see broken in the next few hours.
Simply supply and demand zone technique used. The blue horizontal lines are where there is a nice overlap of the optimal entry on my Fib. I will personally be putting in my orders at these levels and scaling them as they go down. Please note it may not reach any of zones especially the deeper/lower ones. A market crash is imminent so this should price levels to...
XAUUSD - Long position prediction based on technical analysis.
Current prediction based on the following analysis ;
HTF ◄ Daily
Bullish Trend ◄ Yes
Pattern confirmation ◄ Yes
> Inverse H & S bottom
> Bullish H & T pattern
Major Structure ◄ Yes @ 1763.00 & 1795.00
Break out of H & T pattern @1747.40 ◄ Yes
Missed opportunity on the previous 4H pullback into...
Good Day Traders , I Hope All Is Well.
Reasons for taking this trade.
1) Stong Bullish Engulfing Candle on 15min timeframe indicating buy power
2) Break , retest , break pattern. ( Resistance becomes support)
3) Weekly momentum is still bullish
Whenever price breaks from a key level - it will almost always retest this level before continuing with the trend....
Grand rising fellow traders , its yet another beautiful day in the city of London.
These are my thoughts for GBP/CAD.
There has definitely been a lot of GBP strength in the markets this week.
Reasons for Trade.
1) Huge upside wicks on the 4hr timeframe indicating the future direction of price
2) Price strongly oversold
Master the art of timing. I cant...