We are looking at BTC and we see some interesting levels. The most important thing is that you always look for minimum target, if goes higher even better.. As we know we are in 5th wave, so we have to be very careful arround those levels. Minimum first potential target we see at 161,8% Fibo. extension of wave 4 and 6200 psychological level, so this is important...
After an extended down trend on the daily that was kicked off by a huge Bearish engulfing pattern back in June. This pair shows no sign of slowing down, forming lower highs and lower lows for the past few months. More recently price found resistance on 20/9 at the .99000 psychological level and formed another huge bearish engulfing pattern. Which is more...
Ethereum just like Bitcoin declined from our projected wave 3, which means wave 4 is on the move. We see really nice psychological support @300, also 38,2% fibonacci retracement and channel support for wave 4. We expect a bounce from those levels back to all time highs into wave 5 above @400-450 levels. ew-forecast.com <- Visit for more Cryptocurrencies FREE Analysis!!
Looks like this pair could come down and test a Major Support Level @112.500 (last touched June 14 2017). Not only is this a Major Support Level but it is also a Psychological Level . We also have some Confluence with the 1.414 Extension as well. R:R 1.65 and 2.57
Hi guys, this is one of the simplest method to read structure, in a downtrend, when a support is broken, it most likely will become resistance once retested. Stops above highs, target1 81,2x level. Target2 to be determined. Don't know if i'm getting involved since i have two other CAD pairs on my watchlist. I'll let you know. If you want to share your view, or...
Hi guys, i wanted to share with you this simple structure play. If you zoom out or if you give a look at the daily chart, you'll see that we are now testing a key structure zone on the daily. Therefore i use to lower a timeframe in order to catch an inversion with nice risk to reward ratio. This level also lines up pretty well with the 618 retracement and the...
Psychological level 1.06300 has been respected twice. Currently inside bar consolidation. If Resistance still respected then reversal to lower diagonal support. Successful trading.
SHORT with SL @ 4.10. Small position. I will add new after red candle @ D1.
The USDJPY pair just made a trend change ; it has been confirmed at the beginning of the week. For the past 12 months, USDJPY was in a fast downside trend, losing approximately 20%. But once it has reached the very strong psychological level of 100Y for 1$, we have noticed a change in the bearish dynamic. After three bounces at this price (now Major support...
I am tracking GBPUSD, because of nice and clear 3 waves up (correction in wave 4) to arround 38,2% fibonacci retracement, broken channel support and also nice psychological level and target at 1.3300.
I am tracking EURUSD, because of clear 5 waves down (bearish signal) and 3 waves up (correction). It bounced exactly from 61,8% fibonacci retracement. Theres also nice psychological level at 1.09 for A/1 = C/3 !!
After the RBNZ decided to leave rates on hold at 2.25% there has been a surge in kiwi strength, taking NZDUSD from 0.702 up towards the Weekly 50 MA at around 0.71500 (red line - psychological level). Where price is currently stalling and there is most likely some profit taking occurring as well, furthermore there is a Weekly resistance area just above the current...
Please see annotated chart for details.
Hi there, -Recently found this good long opportunity, price has just closed above an important higher time-frame high, gave me the permission to look for bullish opportunity. As price moves, a great 2786 trading opportunity's presented. -This is one of my system which consist of a simple double bottom (or top) followed by a break and close above (or below) and...