this is a potential count for BTC/USD.
if I'm right then we are correcting the sub-micro 3rd before one more leg up to complete the micro 3rd.
i'm treating it with caution though.
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Here we have a simple trading idea. NZDUSD has been following a nice descending channel for a while now on the 4h chart. Price has respected the channel throughout and just touched the upside bar and I'm expecting it to come down and touch the lower descending bar. The channel is about to finish in a few days time. Once finished I'm hoping to go long...
You can see where price has entered our support and resistance zone before and bounced back out of it.
This time we are expecting another bounce as price is at this level again, we are expecting price to use this zone or area as support therefore making bullish movement from this level.
We have quiet a few news releases tomorrow that will directly target this...
After a very strong bullish run from the Swiss over the past few days, I am looking for a retracement to the 1.000 area. We have breached 2018 highs, and a retracement would be very healthy.
I am targeting the 1.00 region for multiple reasons:
- Key support/resistance price area
-Looking at the fib retracement - this correlates with the 61.8% fib retracement...
I really need to spend more time before publishing....
Here's is my updated chart after tidying it up, adding a few bits and also a tongue in cheek look ahead to $1,000,000 :)
Bitcoin 4 year cycle, self explanatory chart.
Simple enough, bounce off our support and bullish run up to our resistance.
Are you starting to see how simple it is? I'm not saying 100% of our trades win because that would be a lie and we pride ourselves on transparency, but 80% of our trades are successful just from trading price action... Take a look at our charts on here if you don't believe us.
Looking at this chart on the 4 hour or 1 hour you would think of going short but PRICE ACTION IS KEY!
If you look at the bigger picture a bullish hammer has formed on the weekly and daily. This tells me that the bulls are in this market and ready to push this pair up higher. A pullback is possible but not lower than last weeks lows. Another factor for me being...
Good Morning traders,
Taking a look at US dollar and the Swiss franc and looking on a year to date basis we can see a head and shoulders pattern starting to form, which if confirmed opens up significant downside for this pair.
Not only do we have a naked trading pattern forming but we have technicals backing up the trade with multiple indicators pointing to a...