Price is currently moving in an ascending channel. Looking forward for this pattern to hold. I'll be considering A Risk entry type at the top of the structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag. Share your thoughts in the comments and show your support for the idea by...
EURCAD was consolidating within a wide horizontal trading range on a daily for 3 months. Its resistance was finally broken. The price closed above that on Friday, forming a high momentum bullish candle. I believe that the pair will go much higher now. The next strong resistance - 1.489 Probabilities are high that it will be reached soon. ❤️Please, support...
CADJPY broke and closed below a support line of a bearish flag pattern. Taking into consideration, that the pair is trading in a bearish trend, that violation may trigger a sell off. I expect a bearish continuation to 97.05 / 96.1 ❤️Please, support my work with like, thank you!❤️
I believe this is a great buy for a swing trade, risk to reward ratio is sick on this one. Look at the volume, Something is brewing. NFA
Price broke the 1.19250 area on Tuesday and is now back for a retest from below. Should the level prove to be resistance and show signs of weakness this could be another opportunity to hop onto the trend and ride the momentum. If New York fails to drive the movement today, tomorrow is filled with Fundamentals including NFP which could be the catalyst to close the...
Break and Retest Set Up? A rebound back to a recently broken level around the 0.61300 area. Sellers lurking in this zone and will try and defend the zone from buyers. If the level holds, we could once again see KIWI tumble lower by the end of the week.
CADCHF was coiling for more than a month within a wide horizontal trading range on a daily. Its support was finally broken yesterday. I believe that the pair will keep falling now. Next support - 0.679 ❤️Please, support my work with like, thank you!❤️
Bitcoin currently holding just above 21.500. Topping pattern looks like it may now be complete with a double top formation. Buyers may once again attempt to regain control at 21.500 which could result in a temporary bounce hence creating a trap for longs. Big events happening in the crypto space on Friday which could trigger a market collapse.
Price is once again creeping towards support for a 5th attempt by the sellers to push lower. Despite numerous attempts, the buyers have successfully defended the zone since December 2022. Are we going to see another bounce or have the sellers now gathered enough momentum to break out of consolidation.
NSE: SWSOLAR is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the trendline support for the past few days which is indicating demand. One can look for a 8% to 12% gain...
Sharing $AAPL in relation to my short swing position (see previous linked idea). As previously mentioned I expect more drawdown before I consider trimming. Good luck trading!
Shorted $AAPL at close to yesterday's high ($155-156) for a close to 25%+ gain with SPY being down -1.53% today. What comes next? 1/ TESTIMONY DAY 1 $DXY ripped through the supply zone during Powell's testimony. $SPY bulls will want to see DXY make it back in the zone for SPY to move 401+ which has acted as near-term resistance (anything goes when it comes to...
As we see GBPJPY has already retested our orderblock area and took the liquidity Now, Looking for LONGS Only with this setup Long at 161.8 with TGT 169 This will be swing trade Cheers DYOR
Final Lower high set during London this morning setting off the long anticipated break to the downside we discussed recently. Are we going to revisit the September 2022 All Time Lows at 1.03595? Time will tell. All I know is we`re in a Bear market for now and my plan is to look for selling opportunities until the trend proves otherwise.
From 1HTF perspective XAUUSD is moving in an ascending channel (Reversal pattern) waiting patiently for price to approach the area of value with a sell confluence before going short. So I'll be considering A Risk entry type at the top of the structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of...
EURUSD(Fibre) is trading and moving in an ascending channel. Looking forward for price to make a third touch with the upper dynamic trendline. If this holds then the pattern Will play out. So, I'll be considering A Risk entry type at the top of the structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or...
EURCAD has nicely respected a recently broken horizontal structure resistance. Probabilities will be high, that the market will initiate a bullish wave from that. Goals: 1.4547 / 1.46 ❤️Please, support my work with like, thank you!❤️
Is Bitcoin about to do the unthinkable ? The highlighted zone marks the 21500 zone and will play an important role in determining whether we continue to trade higher or if this is the beginning of another painful leg lower for long term investors. Perhaps an opportunity to buy at lower prices?