Technically speaking, price action on the EUR/GBP cross has been rangebound since late 2016, which is evident on the monthly chart. However, what this ranging action has offered technical eyes is a potential Head and Shoulder’s Top pattern to work with between £0.9306, £0.9504 and £0.9066 (if you wanted to be more technical, you might also refer to this as a...
H4 Analysis: Expectation remains the same as per analysis yesterday (26/02/2024) -> Swing: Bullish. -> Internal: Bearish. -> Sub-Internal: Bullish. -> Has reached EQ. I have marked sub-internal in red due to the significant range of the internal structure. Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback...
Weekly Bias is UP, Daily is UP as well. We have an AB=CD which happens above the 38% retracement of the bigger swing up. (some people might refer to this as a high-tight flag). 30 min is showing divergence. The entry is a breakout after multiple inside bars pattern also known as a popgun pattern. The risk to reward to the previous all-time high is 1 to 5 if no...
Price is at the highs of Nov '23. Double tops are forming on the 4H and below. Looking for the M to complete on the 4H at a minimum before returning to bullish price movement. Price could very well continue bullish from where it currently is, but we shall have to wait and see.
I see a nice bearish reaction to a key daily horizontal resistance on NZDCAD. After a test of the underlined blue area, the price started to consolidate and formed a horizontal range on a 4H time frame. Its support was violated and for us, it is an import sign of strength of the sellers. We can expect a bearish continuation now at least to 0.83 ❤️Please,...
This is my Intraday analysis on EURUSD for 27 Feb 2024 W9 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones,...
I like to enter where the majority of the stops reside. In this case, the rectangle is my area of interest. If you look at the weekly chart you will recognize this as a visible swing low. In the core, this is still the Spring Setup I hunt for, but less obvious this time as there is no clean AB=CD that can be drawn. Also can't miss the round number and expect a...
It is important to know when the NASDAQ:NDX and a few of its components are overextended and that a minor correction, aka retracement, is imminent. It doesn't really matter if you can guess the exact day, but it does matter that you can see the risk coming so that you can plan to take action on open positions and plan ahead for new positions for swing or...
In this live trading video,we explore the idea on if we should set a target on our JPY positions of EURJPY and USDJPY. We explore the reasons for when we should set a target and when we should not. You can cross transfer these principles on any strategy.
On the above 3-day chart price action has corrected 98% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows replace lower highs lower lows. 3) Support and resistance. (Orange circles). Look left. Price action confirms support on past resistance, which is...
In this live trading session video,we look at current live open positions on BRENT, GBPUSD, EUR and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them. We also look at how we are doing on our live 100k traders challenge account.
** re-post from December ** On the above 4-day chart price action has corrected almost 100% since the sell signal in March (not shown). A number of reasons now exist to be bullish , including: 1) A strong buy signal (not shown) on both USD/ BTC pairs. 2) Price action is now testing a significant line of support and resistance . On both USD and BTC pairs...
On the above 6-day chart price action has corrected by 95% since January 2022. Today is great long opportunity. Why? 1) RSI and price action resistance breakouts. 2) Multiple oscillators print bullish divergence across a 4-6 month period, very powerful. 3) Seller weakness. Notice the long candle wicks into seller territory? This is especially true on the BTC...
Worldcoin is a fresh alt on Binance. Usually, such alts pump so high due -50-80% dump after the listing. The example is Aptos, which make -70% pullback and grew by +550%. WLD fell by -60%. Also ARKM, MAV, SUI, SEI are on the list. 💥watch this freshman carefully before it skyrockets. like❤️ and follow Check the links and get a gift from me👇
Sui Network is the new altcoin on Binance which has an unlimited potential. Now the price fell by -72% and consolidating inside green area. Additional bullish signal is a potential close above $0.45 key level. The closest worthwhile target is at $1-1.25 (+170-200%). If BTC will close above 31-34k and continue its growth, SUI can easilly grow by 4-10-50x on a...
On the above 4-day chart price action has corrected 98% since 26 dollars. Is now a better opportunity from that one published in January @ 1 dollar? (linked) At this time: 1) Price action and RSI resistance breakouts plus backtests confirmations. 2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price...
rounding top like formation in pair indicates lack of srength at higher zones and as long as pair is below 83.20 , it could slip to 82.50 and 82.30 levels
Update for EURCAD. Earlier we spotted a confirmed bullish reversal on a daily time frame. After a violation of a daily horizontal resistance, the price started to consolidate with a bullish flag pattern on a 4H time frame. The resistance of the flag was broken today with a high momentum bullish candle. It is a strong bullish confirmation and it indicates...