Possible setups for next week. There could be a possible double bottom forming in the 1 Hr TF. Price has already respected price 90.500 and could respect it again. Other possible scenario is that price can drop down to 90.000. It does seem like there was a head and shoulders pattern that formed this week. Always remember to make time for backtesting. Its so...
Hello traders, this is my analysis of EURJPY. Price has continued to keep closing under price 134.000. Although, there is a potential fakeout from last week. Over bullish, but correction is needed. Two scenarios. 1. Price can fall drown since it has been closing under price 134.000 and drop down to price 133.000 or 2. Price can just continue bullish to...
Hello traders, this is my analysis of EURNZD. Price broke and is currently retesting price 1.68000. There are two possible scenarios. Price can retest 1.68000 and continue bullish or the price can break through 1.68000 and head downwards to price 1.67200 and retest from there and go upwards. Like if you agree. All feedback is appreciated.
Trading against the trend isn't my style but i believe this idea has garnered enough traction to make GBPJPY a possible sell all the way back to the 154 level which when price gets there, could keep bearishing to 153. Once the trendline that's acting as the support gets really broken, price should begin it's move down. #forex #forextrading #forexmarket #forex...
A little insight on the Inverse head and Shoulders An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following...
It did hit a strong monthly resistance , I expect this pair to drop more while its been going bullish streak for 7 months now . If this weekly candle closes bearish than there is a good chance pair will visit lower prices ,
Price is going to touch the confluence zone in order to form one part of the inverse right shoulder before we long price to the moon. Let me explain what the head and shoulder pattern entail and how to trade it.. THE HEAD AND SHOULDERS PATTERN A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are...
Bearish Flag, continuous to the downside. story bearish momentum.
1. A DOWN TREND ON 4H CHART IS BEING BROKEN, WITH BULLISH (MARIBOZU) CANDLE. THE MARIBOZU SIGNIFIES THE MOMENTUM UPWARDS 2. THE 1860 MAJOR LEVEL HAS BEING BROKEN 3. IF A RETEST OF THE 1860 OCCURS, WE ARE LOOKING AT IT AS A CONFIRMATION TO BUY
Bitcoin has officially break the zone that was varrying in for the past days and reading to go up. This zone between 58500 and 59200 is due to a fib retracement from the down trend before. I am looking for an entry after it retraces back to the zone.
Here is EOS analysis with USDT pair, everything is OK. Please review bellow links, I recommended to buy EOS on 3.7$ as last oppurtunaty.
These zones were created starting with a daily chart . Previous day and overnight values mapped with colored lines. Pivots (blue lines) were established on the 1H chart with woodie points to confirm strong levels with prior volume profiles. Auto-fib levels were also used to confirm next best trade opportunities. Morning sell off after Jerome Powell speech yesterday...
I believe the price will jump and go up. Entry 151.673 Tp 153.851 Sl Open *I have already taken this trade and currently we are in the positive Please trade at your own risk
Looks like a correction is happening before we continue the bull run with this pair. I missed the move paying attention due to watching higher volume pairs, But will keep an eye on it this week from here on out. When this pair moves, it MOVES. So here are the TPS I want to see the price complete when it makes a full decision where it's going. BULL TPS ...
These zones were created starting with a daily chart. Previous day and overnight values mapped with colored lines. Pivots were established on the 4H chart with woodie points to confirm strong levels with prior volume profiles. Auto-fib levels were also used to confirm next best trade opportunities.
These zones were created by combining several indicators, as well as Fibonacci and volume profiles. I started by laying out 3 point spread rectangles on high volume nodes on the volume profile , and then refined those zones based on previous consolidations. I then add overnight/intraday ranges levels, highs and lows. I map out auto-fib retracement levels (as well...
After a fake breakout, SOL is going to jump to the 40 level
These zones are created with auto fib, pivots, woodie pivots and volume profiles