Price action moved over 250pips move in our direction to hit profit target since my last publication on this pair (see link below for reference purposes). With a simple technical structure on the weekly chart; It seems that the New Zealand dollar’s mini-rally appear to have come to a halt, as NZD/USD pair posted slight losses during the course of last week's...
Since my last publication on this pair (see link below for reference purposes), prices have continued to spiral downwards thereby emphasizing a downtrend momentum as the JY129 area remains the significant level keeping price under. Despite hawkish ECB, the meeting might fail to offer the Euro a lift anytime soon as I suspect that the bears are about to project...
Cardano Technical Analysis basically on elliott waves Principles and Priceaction Strategy Cardano can be 5$ Waiting for trigger and then buy it Wait and watch
Hello to everybody! Today we will check ETH. The main power of ETH is NFT market. NFT market is in ''bearmarket'' last days, so it could be also bad news for ETH. Technical analysis shows us strong support level between 2300-2100USD. For next move up is important to stay above this level and break bearish trendline. RSI indicatos on daily chart is still...
Gold Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking super bullish on GOLD! Currently we are consolidating near our 2000 resistance zone but we are seeing what could look like a head & shoulders pattern. Ideally, we continue with the bullish trend and spot the next higher low above our 2000 zone. This...
EURJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking overall bearish here on EJ but we can clearly see a 4hour inverse head & shoulders which is a known reversals pattern. We have yet to break anything but the likely scenario if we are to go bullish would be to see a higher low above 129.000 with...
USDJPY Bullish Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Just like DXY this pair UJ is very bullish! We can see last week that price action had a surge of bullish volume which sent it flying toward the 117.000 area. Currently we’re a bit overextended and identifying structure would be in our best interest. Ideally, price...
Recently price is moving withing triangle pattern. Breaking one of the trendline will show the direction in the middle term.
AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: AJ is looking bullish but with a bit of cleaner structure so far compared to AU. Going into this week we’re looking to maintain the overall bullish trend. We’re actually looking for new structure above recently broken resistance around 85.000 Ideally we can...
AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are also looking very bullish on this pair, AU. We can consider our support level around 0.73000 as the key zone. As long as price action is above 0.73000 we will generally be looking for long scenarios. Ideally we can spot a strong reversal above 0.73000...
DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Everything is bullish on the USD! All major timeframes have been bullish and current price action is showing no real signs of slowing down just yet. The most likely scenario is that we will continue pushing toward 100.000 resistance while forming higher lows along...
XCHANGING SOLUTION Buy Above 92 T1: 101 T2: 110 T3: 120 ..Small Resistance at 97.. Keep SL of 79 on Daily Closing Basis. Can explode anytime !! ..This is a reversal trade, above 92 trend will change..looks like accumulation on going for next rally..
BTC still ranging. We have big news coming up this week. The consolidation on the higher timeframes tells me that the market is currently waiting and preparing for the news. I remain bullish on BTC as long as the major trend lines are respected.
markets are full of opportunities the only thing we need to do is whenever we grab that opportunity we need to let our winners run, & whenever we are wrong on the market take your stop loss and wait on the sideline for another opportunity. remember folks market is open today, tomorrow, and for the coming 100 years. psychology plays 80% role in trading.
Hello traders. AUDUSD has current formed a beautiful W structure. The price is currently testing the neckline resistance which is marked in red circle. From here the possible scenario could be: 1. If it rejects from the neckline, we can see a strong bullish move to the up side and we can book our profits as shown. 2. If it breaks the neckline, we can see a...
As you guys can see here, we got a strong support and resistance. The highest probability is for it to go up to resistance and down to support. Wait and see if it creates the right market structure and sell if it starts to go down, buy if it goes above and it's not a fakeout.
DISTRIBUTION:- Distribution stock refers to a large blocks of a security that are carefully sold into the market gradually in smallerblocks so as to inundate the market with sell orders for the security and driving down its price.Traders also refer to the dynamic of securities being sold this wayas simply "distribution." Distribution assets refers to the sale of...
Price action and chart pattern trading medium term setup > Bullish Dragon Harmonic Pattern - ridge breakout pullback entry > 1st Target Hump zone 0.5 - 0.618 and the final target at extended tail swing zone 1.0 and above > Stop zone at dragon claws zone - doubled bottom > Risk ratio 3:1 for medium term trading Indicator: > Bullish divergence RSI and MACD golden...