Bitcoin may be ready for a long position. It took quite a hit, but is finding support. Both Kovach Indicators are solidly bearish, registering the smack down but the Chande, being an oscillator, is starting to curve up suggesting some support and perhaps a retracement. There is a green triangle on the Kovach Reversals Indicator which supports this.
Gold has been holding our range between 1905 and 1977 for a while now. The large price fluctuations have tested the extremes of this range, but have not broken them. You could have made serious $$$ clipping these levels. Currently, gold has caught some steam and is currently testing 1964. Be wary of this!! The Kovach OBV is not registering much momentum at...
Hey Traders! I would like to share a NZDUSD possible short trade here. As we can see price is approaching at supply zone and we will be looking for a sign of weakness in this zone. If a sign of weakness appears we will execute a short trade here. The best entry point for this trade will be 50% fibo level but a price rejection is must before we take a final...
Daily Time Frame: Reading price we can see that we broke the range (between .88750-.90500) and has tapped previous daily swings at .88500 key psychological support and immediately rejected back above .88750 quarterly psych. If price manages to pullback and test .88750 support look for longs to .90500 and .91500. However, if price does not break .90500 look to...
Our very own AUD/JPY seems to be on a massive Daily Resistance which makes price lose momentum every time it gets near it. FX:AUDJPY The most important thing to look for is the 4H chart to make a lower low to confirm our downtrend, finding entries on the lower TF's, like the 30M which is forming a nice market range. Be on the lookout for it! Trading Plan...
AUDJPY D1 - Video Analysis coming through on this one in a second, but could be something we look to swing next week.
Gold H4 - Mixed signals from gold at the moment, currently consolidating after a nice selloff on our H4 support region (H&S we marked y'day). We have had a couple of attempts to push higher, but seems we have formed a consolidation range (effectively our flag). Waiting to see if we crack below this 1928 region to set new lows and break support, from here on the...
GBPJPY H4 - UK PMI data was positive, along with retail sales data before the session had even kicked off. Looking to see if we find support around 138.850, we could then look to trade back up to resistance.
WE WILL SEE AND TIME WILL TELL .....
The RSI Divergence has been spotted on the hourly time frame signalling a switch of trend. Shorting from now on would be a good idea.
Gold has cratered along with the other safe havens. It has careened through the 1900 handle back down to 1800's, currently finding support at 1863, which is a strong technical and Fibonacci level. It appears to have completed the 5-3 Elliott Wave. Observe that even with this correction, gold can still be considered in a 'bull phase'. Especially considering the...
Dear Traders The trade idea is position trade of holding it long term followed by confluences to support my set up with Risk Management of 1-2% risk. 1. 16th March 2020 is where Weekly Candlestick hitting all time high for Euro/NZD at 1.99271 2. Price immediately was reversed by a downtrend of price retracing back towards monthly support: 1.7100, however the end...
Healthy profits Been tracking this structure and liquidity points to the upside
FTSE100 UK. It could be on move soon! How? Well past that key trend-line down in red, bullish flag formation as well if goes above out of the range it has been stuck in - the bulls are in control target within the next resistance key areas. However, if bears get in control, below the key trend-line out of range down next target near retracement fib levels which...
AUDUSD is continuing to test the Q1 high and is currently trading a few pips higher than the significant 0.70 level. Technically price appears to be forming a bull pendant flag, as buying continually grinds the pair higher. Price hasn't been able to close above the Q1 level of 0.70162 however higher lows continue to be formed on the pair. Traders could look to...
Daily Time Frame: Starting on the higher time frames we can see price is creating a double top formation at .91500 key weekly zone with signs of wick rejection. 4hr Time Frame: Scaling down we can see that price is testing 4hr support. If price manages to hold below .91500 look for shorts down to .88500. However, if price manages to break and close above, we can...
Daily Time Frame: Starting on the higher time frames we can see signs of rejection at this area of daily resistance right around 75.000 key psychological zone. 4hr Time Frame: Scaling down we can see price creating multiple tops. If price manages to hold below this daily resistance, then look to sell this down to 74.250 and potentially 72.500. However, if price...
USDCAD H4 - Starting to scallop over here on UC, DXY dipping below 96.00, but still technically within support region a solid break of 95.70 and close would lead us further downside comfortably. Looking to buy from 1.35 back up to 1.36 again and trade that 100 pip range.