trend

AUDUSD could continue to drop, rejecting resistance and forming lower highs lower lows. Potential 5th Elliot wave

After gbpnzd went the other way for us it could be that market is breaking out. However there is lots of news surrounding gbp at the moment so this could fail

Hi guys, it's been a while since i last posted an idea. I wanted to share with you this simple setup i'm looking at right now. I've already entered short in this pair, for a bunch of reasons. First of all, we have daily structure looking left (that is always key), then you can see a big bat pattern completed from some hours, but also a double top with RSI ...

Long-term Bitcoin analysis using a logarithmic scale. As shown, Bitcoin remains in the long term trend lines set by the top and bottom of the 2014 bear market, if Bitcoin is to remain in these trend lines, it needs to start making an upwards move in early 2019. I have also drawn a few curves that Bitcoin could follow if it is to fall below the trend line. My first ...

I was long on UKOIL on a lower time frame, as there were early indications that it could be heading north. My trend following assessments then changed, as the picture unfolded. I decided to bail out just in time for no loss. I don't care if it now jumps north. At this point in time - based on what I see - I now think the probability for the daily time frame is ...

Hey guys, this is quite particular as a case study. Here on GBPCHF i've gone down to a lower timeframe because i was looking at the daily chart and i saw a double top with RSI divergence. Thus i went on the 4hr chart and looked for trading opportunities at the retest. Guess what i've found: another double bottom with again, RSI divergence at the second test. At ...

The market has reached the daily trend line and placed an engulfing candle. We could see a sell for gbpnzd

Either it hits the line and drops. if so then we drop to 4hr and look for entry e.g first engulfing candle. Or it goes beyond our line and we leave the trade.

Goldman Sachs has stumbled and now there is much debate out there about what next to do. As usual some are shouting "enter long now", whilst others are saying "stay out" etc. For me, it's very simple i.e. I just need to wait on a favourable time frame, somewhere between 2 - 6 hourly if I'm to go north. It's difficult to go short as there could be a rebellion of ...

+++++ Push the like "Like" to reveal hidden content +++++ Bitcoin heavy downtrend continues as yet again it reached a new 1-Year low, hitting $4210. Price remains in the support zone of $4375-4044, mentioned in our previous idea (https://www.tradingview.com/chart/BTCUSD/X6NSamsB-Bitcoin-hitting-Massive-Long-Term-Support/). Market is going through a lot of stress ...

Similar to NZDUSD the market has broken out and we may see a shorting opportunity.

Hi, guys I hope that you are all well! Typically at this time of year markets generally quite down due to Christmas approaching, however we are seeing some strong moves in the market across my portfolio and AUDCAD happens to be one of them. What I am looking for is bearish trend continuation following a pullback up into the most recent area of consolidation/range ...

I overview the weekly and lower time frames with reference to some economic realities. There is a probability of an economic collapse which is not just about America. A potential collapse of the Wall Street has been 'predicted' by others. I make no predictions as my crystal ball broke a long time ago - and I've had to adapt. The issue of an inverted yield-curve ...

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USDJPY and the US-Dollar basket are showing signs of weakening of their trends. I show why I think so, and I'm happy to hear of a different perspective based on the charts. Late last week I saw some unusual Yen strength which was masked by base currencies doing other things. I was surprised that Wall Street was heading north but Yen quoted pairs did not rock ...

I'm doing my home work and sharing. GBPEUR or EURGBP looks good for next week based on 6H time frames. In fact nearly all Sterling pairs look favourable for trends south. That doesn't mean I'm shorting all next week. This is not advice or predictions on what will happen.

I'm not entering long or short on this time frame. I explain why. I could well be wrong as I am around 60 to 70% of the time. I may look for a trend on a lower time frame that is favourable, but I'm not hunting for one as I have enough positions open at the moment.

This week Bitcoin has reached the long-term support, that is 78.6% Fibonacci retracement level at $4387. At the same time it reached the bottom of the descending triangle, and almost tested the 200 Moving Average. Fibonacci, applied to the correctional wave up after breaking the uptrend trendline, is pointing on the $4050 level, that is a 161.8% retracement. ...