prediction , breakout on major resistance , minor res broken, price retracing as it is the end of the week , amazing that price literally stopped at that resistance right there, otherwise good momentum even on higher time frames
opinions and engagement welcome as always
price is going back into the lowest zone of my key zones , so that is also part of my...
CADCHF could see a retracement down to the 0.7444 zone area after double topping on D1 before resuming a bullish stance.
US stock inventories haven't helped the bulls !
Watch the PA if the 0.74 lows get taken out
Hi Traders, here is my analysis on EURCHF buys. This is based on the consensus for ECB today (in 36 mins of time of writing), which will create a short spike down for potential longs (if goes as planned). Combining this with the technicals, we can see 2 levels that are yet to be filled, on the weekly fib, and a daily fib. Of course, if news comes out the other...
Hi Traders, here is my analysis for EURCHF BUYs. The trade is not ready yet, but this is what I am looking to play out. Theres clear traffic straight into a resistance level for a start. For those who don't understand clear traffic, it is usually when a succession of candles of the same colour head into a zone, and price reverses to usually take out those candles...
Litecoin/Bitcoin (Binance)
Litecoin has been following the down triangle and is now being met with resistance at the 0.007000 - 0.007100 range.
As we can see there is starting to be a swing back to the upside starting.
On the 3hr chart we are looking for the reversal back to the...
As the title suggests, EBay is currently retesting previous resistance. Due to being overbought, we feel this stock will fall to the downside and retest previous support
Price has formed an expanding wedge formation on the 4hr chart. This Index created a New ATH on 25th July and has since been in a bearish move. We feel the price will complete a retracement to the 38% Fib level before continuing in it current direction towards the 127 Fib Extension. Bias is still Bullish, and once our current target is reached, this Index could...
UC has given us accurate setups throughout the month.
This time the pair has broken 2 bullish trend lines. The recent bullish channel (4h chart) was broken and the pair retested its trend line it at the 61.8 fib level.
The most recent drop in the pair resulted in a breakout of a major trend line if we zoom out to the daily chart.
The price is currently being...
AUDCAD bounced on a monthly support giving us a nice divergency on the daily RSI. The pair is currently consolidating but I'm expecting a breakout upwards due the bullish push prior to the consolidation. Targeting the 61.8 Fib level.
gbpaud is in this triangle pattern on the weekly. Price than consolidated on the daily with price creating a bear flag.
1hr shows a breakout of that bear pattern with hopes that price retraces back to the 0.236/0.382 retracement zone.
Simply put, price can never go straight up, it MUST retrace before a continuation as it provides liquidity.
Bull markets are built on bear blood.
with this being said, we can see that on the weekly time frame BTC has been losing bullish momentum, signified by the doji candle - representing indecision in the market.
I have marked two possible buy zones,
The red...
GOLD has been playing out PERFECTLY
After the bullish flag / ABC Correction we received, we got a rejection off the longer term TL which has provided plenty of liquidity driving price up to the Resistance at 1345.
I expect price to pullback to the blue 50-61.8 sweetspot highlighted in blue, before another rally towards 1,400
On the weekly BTC finds itself within a thick ichimoku cloud. Bulls will like to test the upside boundary of the ichimoku cloud, but a correction to the downside seems likely. If we test 6530 support and hold then we will restart the upwards movement. On the contrary if we fall below 6530 then BTC heads back to 3500-4500 area.
As you may have already gathered, I am a Bullish Trader. My edge is bullish, so I only buy and I don't sell.
EURNZD reached some daily and weekly support where price then reversed Bullish. I have pulled Fibonacci retracement from the start of the bullish move at the bottom to the top where price started retracing. I always mark my entry points at 50% but do...
NZDUSD has seen some recovery over the last couple of days but looks to have run into some resistance levels now and we could see the bear market resume. We have the past support / resistance level of 0.67900, the 50% Fibonacci retracement level of the move down from Mondays high and the 50 MA. Stochastic is oversold, we do have a crossover but %D has yet to turn...
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