Update on usdcad price action analysis... if u r stil looking to join the buy party, u r a bit late.. but dont b egad to start selling.. wait for the price to show you the right time...
you could check my previos post for d previous update and others
If you check my previous post on uj, this is an update on the price action for d week analysis.
sorry if u got stop out cos u tok an early sell on monday
So far usdcad has been going smoothly, we expect a continuation to the uptrend.....
any long on uc should be for the coming week only...then u read price action to know wats next.
This is an update on my previous analysis on audjpy, so far price action has played out find.
remember,dont jump in blindly.you can be right in your analysis and stil lose money.
looking forward to selling this week
My second published analysis but I believe we have a potential Bearish butterfly setting up here on the 4H chart USD CAD, will be keeping a close eye on this one, once again feel free to make any comments or criticisms.
I've adjusted my previous pattern and it now seems to fit the standard better but this is on the 4 hour chart GBPCAD and what I believe is a Bullish Bat forming. I've also added In my Stop loss and Take profit measurements, as I said this is my first pattern so any criticism, comments or advice are welcome.
My first published pattern so any advice or pointers where I may be going wrong will be greatly appreciated but I believe this is a Bullish Bat forming here on the 4 hour chart with GBPCAD but the A-C retracement is quite high, I would be looking to buy once retracement hits 0.886 and other confirmations of reversal are showing.
My thought on EURGBP, as seen on H4 TF, EURGBP is currently making lower lows and lower highs and approaching the demand zone, the descending price channel confirms this move, am anticipating that it will approach this support level before upward breakout from the resistance, the downward trend will never continue forever, the question is where is the resistance...
Hi, Guys a quick update on Gold as seen on H44 Tf, is currently ranging and trading within a zone, the horizontal channel plus the more the Support and Resistance levels within this zone is tested, the stronger it becomes and an aggressive breakout is anticipated. will it break above the resistance or below the support? drop your comment below
Commodities peaking my interest this week, we've got a textbook bat pattern on the 4h chart for Natural Gas that's in the final stages of the CD leg.
The measurements for a valid bat pattern are detailed below.
XA Retracement: 0.382 - 0.50
AB Retracement: 0.382 - 0.886
BC Projection: 1.618 - 2.618
XA Retracement: 0.886
There's a butterfly pattern on the 1h...
EUR/AUD is almost ready to go! Bearish BAMM setup has formed on the 4h chart, providing a trading opportunity with a 1:2.33 risk to reward.
BAMM trading setups rely on a valid bat pattern, you'll find the relevant measurements below.
XA Retracement: 0.382 - 0.50
AB Retracement: 0.382 - 0.886
BC Projection: 1.618 - 2.618
XA Retracement: 0.886
The time...
GBP/USD is currently forming a bullish bat pattern on the 4h chart, providing a trading opportunity with a 1:2.24 risk to reward.
The measurements for a valid bat pattern are detailed below.
XA Retracement: 0.382 - 0.50
AB Retracement: 0.382 - 0.886
BC Projection: 1.618 - 2.618
XA Retracement: 0.886
All 3 measurements form within a close proximity in the...
What's going on traders, I hope you've all had an excellent weekend.
Today I'm bringing you a trading setup that I've been watching unfold over the last few days, and now things are starting to fall into place as price has just re-tested the previously broken support at $10,310.
If you're a long time follower of my ideas you'll know that the majority of my...
Traders, I believe you will like the facts put forward in today's analysis on the weekly chart for bitcoin, it's a simplistic overview of what I see happening right now.
My main focus is the comparison between the current and previous bear market, there are a lot of similarities between both cycles that we can use to our advantage.
Firstly I'd like to talk about...
