The trade that match with my criteria, one of them at the moment is OMG! You can see the indicators at the moment are so tempting, plus, OMG haven't have it's return to bounce, so it could be it's time soon as the chart looks bottomed out for days now. If you wanted to play, I already put short term targets on white line and mid term target on Yellow. If all of...
Still a lot of bullish breakouts on the trend channel but can we go though $6800 and find support upon that level? Only time will tell.
Here is a quick update for EURNZD. As you can see it is currently in a downtrend and we saw a nice bearish rejection candle form recently. I will be looking to enter on a low risk - high reward sell trade for a 1:6 ratio. If we see rejections of the 50% level and the 75% level then the lows will be broken. If the highs are open we will wait for a pullback before...
Lets take a quick look at the Ethereum market versus the US Dollar. There has been some nice bullish volume between $350 and $420, and like Bitcoin, we are receiving contradicting signals on the market. I will keep it simple, a break below $350 will be followed by a bearish price action and a confirmation that the bear trend is not quite over yet. On the flip...
Good morning Guys and Gals, lets take a look at the Bitcoin market at the start of this week. One of the most dangerous occupations in the volatile crypto markets is “calling bottoms”. With that said, it is impossible to enter new positions if we don’t look for the change in the trend, and the eventual breakout. In my opinion the Bitcoin market has started a...
Risk to reward ratio. Looking for sharp sell off into our demand area.