What's up traders, I am just quickly posting this chart for you all whilst it is on my radar. Here we have GBP/TRY on the 1H chart. Price restently broke a long term side-wards support level, and retested it as a new sideways resistance. Once price confirmed the line as resistance, broke also broke a flag channel support simultaneously, leading to a breakdown...
Traders I recommend reading this entire post so that you fully understand what I have done, and how I have came to my analysis. EMC2/BTC looks like a compelling long opportunity. I love this set up so far! After analyzing this pair, I discovered that price appears to be moving in patterns. Price seems to move up 5539 points, have a corrective move to the...
Whats up traders, here we have BTC/USD on the 1D chart. Price recently broke a strong horizontal resistance level, before retesting the previous resistance as a new support line. The test was successful, and price is now moving nicely to the highs. Price is currently under a minor structural resistance at 11820. Price needs to break this resistance before we...
Whats up traders, I hope you all had a good weekend. With USD/MXN recently rallying straight of a downtrend, it was bound to have a correction. Here I have USD/MXN on the 1D chart. Price recently had a small downside correction after an up impulse. Price recently showed a pullback after the up impulse and small upside since. I believe this is a very high...
Hi traders, I hope you're all having a good start to your weekend. Here I am analyzing Stellar/Bitcoin on the 1D chart. Price recently had an impulse leg, and a small correction, and has now continued to the upside (See chart for details). I am expecting if that price breaks the resistance zone, that price will go to the highs. There is a few scenarios for...
Whats up traders, I hope you are having a good start to the week. Here we have Monero/Bitcoin, on the 1D chart. At present, price retested sideways channel resistance, the 200 major moving average and a channel support turned resistance. There is a lot of localized resistance here indicating a short term down move will take place, before an eventual up...
Whats going on traders, today I am analyzing ETH/USD on the 1D chart. After price recently broke a long term horizontal resistance, investors are now able to consider a long position after a successful retest. Breaking the resistance zone and testing it as support is perfect for this trade. I believe now that the retest and new support retest has completed and...
Traders, how is it going? I am current analyzing NEO/BTC on the 1D chart. Currently price is falling from a recent retest of a resistance level. It appears when analyzing the chart, that current price action is part of a bigger move, where price is falling toward previous structure support. When price hits structure support levels (Around 0.00200000) it could...
Traders, we have a set up on EUR/SEK on the 3H chart, with a cycle pattern buy. (Three drivers pattern). When analyzing this chart, I discovered that price appears to be moving in patterns. Price has an impulse leg, and then has a corrective leg, and then has a new impulse leg that measures the same size as the previous one. When analyzing the chart, I started...
What's up traders, here we have USD/CHF, with a breakout opportunity on the 4H chart. This is a great opportunity with an over 1:3 Risk to Reward. I am expecting USD/CHF to make an up move to 1.0020 Bare in mind that price needs to have a successful breakout for this to be a valid trade. So it is important you indeed use this analysis, but use your own to make...
Whats going on traders, today I am analyzing BTC/USD on the 1D chart. After price reached the 10,000 level, investors are now thinking with logic and not hype and enthusiasm. Reaching this level was the pique of many Bitcoin analysis that I have seen all over TradingView and my Bloomberg Terminal. I believe now the level was hit, a correction is due. Price...
How's it going traders, here we have a short term NZD/USD long setup on the 1H. Price has hit a Fibonacci extension swing bottom and accumulated for some time. I believe now is the time to be buying into an advantageous early position. Bare in mind this does correspond with my NZD/USD analysis, so I would recommend viewing my other NZD/USD analysis so you fully...
What's up traders, today we have an opportunity on EUR/USD with a breakout trade on the 8H chart. This is an excellent opportunity to get into a trade where all trading scenarios I have played out indicate at least a 3:1 Risk to Reward. If price breaks structure, I am expecting a down move to around 1.1692 (Which is where price will find strong support). Bare...
Today we have an excellent opportunity for Dollar on the 8H chart with a trend bottom. I really like the look of this set up! Price hit the 1.414 Fibonacci extension leg, hit horizontal support, and hit the channel support level simultaneously. There is so much structure support at current level that it is definitely a good idea to look for a buying...
Hi traders, hope you're all having a good weekend. We have a potential setup forming for AUD/USD on the 4H chart with a breakdown trade. This could be an excellent shorting opportunity. I have tested a few hypothetical trading scenarios that could come into play when the FX market opens later. Each time, I have got over an 1:2 Risk to Reward. When analyzing the...
Traders I recommend reading this entire post so that you fully understand what I have done to come to my analysis. NZD/USD looks like a long opportunity on the 12H chart. After analyzing this pair, I discovered that price appears to be moving in patterns. Price seems to have an impulse leg, and then has a corrective leg which measures approximately 124 pips...
Traders I recommend reading this entire post so that you fully understand what I have done, and how I have came to my analysis. BTC/USD looks like a long opportunity on the 4H chart. After analyzing this pair, I discovered that price appears to be moving in patterns. Price seems to move up, have a corrective move, and then move up again, exceeding the previous...
Hi traders, hope you're having a good start to your trading week. We have a nice setup forming on USD/JPY on the 4H chart, with a breakout trade. I analyzed this chart and I have discovered that price appears to be in a 3 wave pattern. Price had impulse down leg (See chart for details), had a corrective up move, and now has now started a down leg. I am...