9 Apr 2020 recap - just when every one cheers up on a deal among Saudi Arabia, Russia and OPEC regarding production cut, crude oil futures( NYMEX:CL1! ) was sold into strength and broke the support at 24. Crude oil had a jump initially to test 28 but was quickly rejected and dropped below 24. Volume has increased during the slump of the crude oil futures...
Since January 2018 high, seller succeed sending the pair to go lower and giving the seller took control until October 4th 2019 when seller failed to create a new LL, buyer start to take charge and manage to break out the long term descending trend line and currently on a correction phase to the previous based which if we can see a rejection around 81.100 level...
As everyone aware pounds has been very tricky to trade since the Brexit saga started, now here on the daily time frame we are seeing a bullish impulse to the upside straight after the break of the triangle, in a bigger picture we can see the next target for buyer is around 142.800 its where the flag limit never been visited since it drop on May 2019. Now that we...
Since May 31st 2019 high, seller continue to dominate this pair sending the structure to go lower, we can see by frequent lower high printed continuously until today. Now with the short opportunity present on this set up I highly suggest to wait for a retest of the counter trend line to confirm the resistance level which align with the high test candle closed on...
Long opportunity looking good with the closed of bullish engulfing on Friday last week trading session, wait for a retest of the engulfing neck line before opening long position it very important because by then we have confirmation of the support neck line, this set up will be invalid when the price move down and make a solid candle closed below Thursday last...
Daily candle rejected as shooting star candle at lower high. Expecting one more push down, 1st target is 1.6050 then 1.6000 possibly a bit lower, after a pull back... This is a weekly demand zone so after one more push down we could see a bounce from the low...
At a strong yearly demand zone. Will watch for a bullish impulsive break out for more confirmation to take this pair to the upside...
Using a 2 min chart with only 28 pip risking 4 pip.
Classic demand level on a smaller time frame for income.
Short video to follow up on the last... price action in my opinion is still pointing towards a little more downside, which I think will be the low .70s. We're not that far off now, so I see no reason this will not play out at the moment. Not advise for anyone, just my opinion and where I'm looking to add to my bags! I hope you enjoyed, give a like and...
Quick video and only one I'll be posting tonight and likely for the weekend. Anyway, my top down analysis of XRP and general opinion on price action. I am a long term holder for XRP, but do see more downside possible in the pair. Especially, if we see BTC start moving up. I believe we'll see a breakdown to the lower level demand zone from the daily!. Be...
Follow on to my last GNT video update and since then, price action has pulled ito the buy zone I was expecting to see price hit. All in all for me this is a great spot to add GNT to the hold. At the same time, while not text book, I'm seeing a double bottom play out and along term... i'm calling $.70 as the first target. I hope you enjoyed the video, if so...
My take on XRP this afternoon. While it appears to be holding in the high .60 cent range, I do think a little more downside could be in store. I specially, the monthly .886 Fib Level. If that happens we will see a possible double bottom form. Not a fact just my opinion. Anyway, I hope you enjoyed... give a like and leave a comment.
Quick video on BTC this evening. Price action is currently sitting within a demand zone and at a discounted price in my opinion. My read is that we're bearish on the daily, but sitting nicely in a position to break to the upside. I believe in the next week or so, we'll likely see some heavy amounts of money roll into BTC and start seeing that rally everyone...
My update on BTC for the day; overall i'm bullish and foresee a consolidation of sorts the next few days before starting to see BTC start to move up. Of course , there is always the possibility of more downside, but I believe the areas of demand on BTC are stacking up, which will likely result in BTC springing out of it's current levels. I hope you enjoyed...