On USDJPY, we are on a bearish trend which indicates sellers existence in the market. Price is currently retracing to a resistance level correctively in a channel which was a support at 138.00. We will look for shorts once the channel breaks with some sellers momentum
XAUUSD is trading a Cup & Handle Pattern on its daily chart . The price is trading above the breakout:1808.170 and approaching the 38%: 1884.238 Tartge1: 62% 1930.601 79%: 1962.026 Tartge2: 127% 2057.654 162%: 2124.224
Price was moving in a Descending channel but currently price has broken the channel from 1HTF perspective, looking for valid Retest of the structure before going long. My Target is to 1.58560 Feel free to.share your thought with me
In the previous post we explained how Bitcoin is changing and showing some range pattern instead of a bubble behaviour. It's important to adapt your trading style to market style, if you are still expecting crazy rallies in BTC you can be stuck here for months or maybe year. Today we show you how we analyze the prices between long term ranges (green lines) and...
Buy reliance at 2575 Target 2639 2665 2694.5 Sl 2500
I recently started looking at Fibonacci arcs and circles. I see them as something similar to support and resistance lines. Charts have an uncanny way of touching support and resistance lines. I've drawn arrows where the chart touched or came very close to touching the two circles I drew. I noticed that ROKU is very close to reaching an inflection point where the...
A long term down-trending pair with a larger pull back on the higher timeframes. Currently sitting at a support level with the indicators suggesting the pair is currently overbought. Looking for a break to the downside and then react. Follow for more.
This pair has been trading in a nice channel for some time with the odd 'fake-out'. However we are currently sitting at a lower low compared to the most recent trough on the 1H time frame, threatening to drop further. Based on pattern analysis only, we see the price has retested that previous low (also the support of the channel) and has rejected it, with a move...
plenty of Liq sitting above wait for it to be taken then sell this ting
Said all i needed to say on the video if you liked it dont forget to press that rocketship looking thing
This pair broke out of it's channel to the downside recently, but has since rallied back into the channel range. We see currently it has potential to react to this next resistance within the channel, with the indicators suggesting this pair is currently overbought. We will wait for confirmation and then react. Follow for more.
Our algorithm has found a descending volatility pattern after a long period of downtrend and this always helps traders to make money because we can take advanatge of any movement (up or down). We've recently seen a fake break of the red line, but be ready because losing the first blue line is really dangerous for XRP. XRP was created by Ripple Labs, a...
My trading plan is we can short XAUUSD 1880.00 and expect it will reverse the trend in 1880.00 that reverse trend will continue until price level 1732.00 between price range 1760 to 1820 the market has made lot of trades and struggling to increase price. its a clear sign to trend reversal. i have mentioned clear support and resistance levels on chart.
This pair has been sitting within it's range for a few weeks, following a longer term bearish channel prior to this. We have seen a small breakout to the upside from this channel and are looking to see how this reacts now. We could expect to see a small pullback to the previous resistance of that channel, now acting as support and a bullish bounce off of that. As...
Hi All, This was a post for the trading group but i thought i would add it here as a tutorial piece. We just talk about what the bulls could achieve before the monthly, quarterly, annual candle close and also touch on strategy which was mentioned in the previous video. Apologies for the short message here. *** This is not trading advice. Thanks for taking...
GBPUSD has shifted from bullish to bearish on the 1D timeframe. We had an impulsive break of the support and retesting now correctively which is creating a bearish flag.
BTC is showing major signs for continuations to the downside. We are going to likely to shoot down into major magnet level of 14,000/13,800 to be more specific. But we could rally into the 17,000 level before continuing back down. Plenty of confluences lining up.
I hate technical analysis patterns and think they are crap. But there is one pattern that has a good winning percentage and that is the wedge pattern. Did you see this wedge on the bitcoin chart on the weekly timeframe? It looks strong, but it could still touch the $10-$12K zone. Friends, I will be very happy if you like this idea and subscribe to me. It will...