BTC and some other alts are forming a bart (ETH is shown), which is similar to the previous pattern. When I said similar, I hate to say that they are identical.
Let's not predict where this is going. I am scalping this range before anticipating completion of the bart.
My previous analysis, which is bearish, is still in effect. If you are trading long term, you...
Price has been ranging within a 200/250 pip range since mid October. Price broke out of the key 1.1500 area which has acted as major resistance for a while. Price broke this 1.1500 zone with a very bullish candle, a retest has occurred of the zone and I see more upside potential with this pair. I would like to see the next upside target of 1.1600 in the short...
LONG PYPL @ 81.39
SL @ 78.99 (570 Pips)
TP @ 87.09 (240 Pips)
RR: 2.37, SWING Setup!
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I'm stalking GBPCAD and other Sterling pairs for action next week, as Brexit talks have yet again broken down.
Stalking is about vigilance, and investment of time in being prepared.
The gbpyen has been consolidating for 3 weeks between 146.90 and 149.80 for 3 weeks.
At the moment, this looks like an upmove consolidation of 360 pips so is this an upmove pop with a possible target of 153.40 and 156 in the making?
Guess this is why it is called the "BEAST". Definitely not for the fainthearted. ahhaha
But directionally, this is Revelation...
Looking at the Monthly charts, it was already evident that the long term trendline at around the 1.23000 level was rejected for the 4th time and in the process to conform the break to the further downside, this pair formed a H & S PATTERN evident on the weekly charts. However you might be asking why is the pair not trending down as its suppose to and instead...
The price seems to have managed to breakout the channel, but is now struggling to make any further gains, the previously broken resistance has been tested twice now and if the price level holds then it seems like the price could be getting ready to make some bullish gains. I believe this is just a period of consolidation and the price is going to soon gain...
The price has managed to finally break out the channel, the price has broken out the support level of the channel and has moved all the way down to a very strong support level. The price did confirm the break of the channel by retesting the broken support level, which this time acted as a level of resistance. The price seems to have lost some of its momentum as it...
As seen from the chart, EURAUD currency pair is now ranging.
There is a possible chance for a breakout in the bearish direction therefore, making it possible for a potential short position that will yield high profitability.
Wait for the breakout to happen before selling.
Looking at the above Monthly charts, 4 consecutive DOJI candles have formed at a crucial support of 82.000 psychological level. It represents serious indecison among the BULLS AND BEARS fighting to take control of the situation.
On the weekly chart venturing deep, it can be seen that the price has been confined in a long term triangle that has been held on many...
Waiting for the price to either drop to 415 major support level and see if it drops further the way it goes in metals (if that happens, I'll cry lol), or if it breaks out at 500 resistance level (point where I'll buy more ETH again).
cryptovest.com
mashable.com
Weekly:
Confidence: C (because let's wait and see)
Similar to AUDJPY, EURAUD continues to go range-bound. Taking advantage of possible reversal soon (daily & weekly), so setting up sell stop order with TP @1.57450 and SL @1.58505. This serves as a hedge to AUDJPY, however will have to close this trade before AUD CPI news tomorrow @9am (GMT+8) and just re-enter afterwards if no huge changes in price...
Assuming the pair continues to be range-bound, riding the short-term bearish trend. Setting up sell stop order with TP 80.513 and SL just a few pips below the 38.2% fib line (@82.378). Must close this trade before the CPI news tomorrow at 9:30am (GMT+8), because considering how bullish the overall sentiment is in COT futures as well as RBA being hawkish in...
Same logic as my GBPCAD (I might regret this lol). Shorted this pair with TP @1.30016 and SL @1.30542.
Daily:
Weekly:
Confidence: C (because I've been impulsive)
