Hi friends, I hope y'all having a profitable week. As you can see that the price is currently running above the double bottoms neckline and in between the short-term moving averages. Before it got to where its at, the price bearish broke and didn't retest the Weekly Neckline 2, 2nd Daily Key, and 1st Weekly Key Lvl - giving us our bullish targets; on the other...
Hi friends, I hope y'all had a fantastic weekend! Today, we're looking at a possible bullish uptrend to the 2nd Daily Key Lvl and 21 MA. Reason being, the price has reached the previous mini bearish half a bat patterns 3rd level. Usually when the price has reached the level, it forms a reversal pattern to confirm it. So, we're looking at two possible bullish...
Hi friends, I hope y'all having a fantastic week. Today we'll look into what will technically drive the price on this crypto currency on the daily time frame. As you know the currency has been crashing this year, driven by multiple things happening in the blockchain industry and US. It has been a rough period for active traders and long-term investors. But now...
Talking points EURUSD may face range-bound conditions ahead of the Fed rate decision as market participants wait for the fresh forecast from Fed officials. The price bullish closed in the bearish half a bat pattern after failing to trigger a bearish signal. According to IG, 60% of trader are net short. Fundamental Forecast EURUSD is in a...
Fundamental Outlook West Texas Intermediate WTI crude oil surrendered early gains on Tuesday and closed with a loss after the United States reported inflation ran hotter than expected last month, raising expectations for another big rise in US interest rates that will slow growth and cut demand. WTI crude for October delivery closed down US$0.47 to settle at...
The major crypto currencies are counter-trending on the monthly and weekly time frames, forming the monthly double top accumulation phase on all currencies. The weekly on all currencies is forming a double bottom pattern that's facing the monthly target and that has its price running in between the short-term m.a's (which dis-confirmed the bearish trend we've been...
EURO POUND NEWS AND ANALYSIS Recent developments in the UK are pushing the price up. The ECB Press conference might say otherwise at 14:45. Price is forming a bullish head and shoulder pattern on the monthly that's accompanied by a double bottom on the weekly time frame. Fundamental Outlook The pound has been rallying up lately. Market seems to be...
Key point to remember: Traders are 85% Net Long, and 15% Net Short. Monthly Chart The price has been dropping for 5 months, forming a double top, which is a bearish reversal pattern that signals an upcoming 3 level trend. The trend will be fully confirmed once the price has bearish broke and retested the Monthly Neckline 3 together with the 50 and...
Fundamental Forecast -There are several stories unfolding in the energy space that should keep volatility elevated across energy markets, none of which are likely to find any permanent resolution anytime soon. -Net-long positioning in the oil futures market remains near its yearly low, and its lowest level since August 2016. -The IG Client Sentiment Index...
The monthly price is in a bearish reversal candle pattern formation that is bouncing off the huge bearish head and shoulder patterns neckline, ascending trend line of the symmetrical triangle, and bearish crossed short term moving averages, giving us a signal that I call an H&S B-E.1. Usually, when this signal pops-up, a 2 level drop occurs that will end in any...
Hi friends, I hope the week is unfolding for y'all as planned ;) Today, we've got another possible long-term trade signal. These trades signals are only derived from this timeframe (Weekly). The monthly doesn't fully support them, and that makes the trades highly risky. I feel like the price won't drop to the last target. I think it will reverse on the 3rd Weekly...
Hi friends, I hope y'all had a fantastic weekend, and are ready to tackle this week strong ;) Today, we're looking at a possible long-term drop on this baby. These trades are derived from both the weekly and monthly. Starting with the monthly, the price is in the huge double tops 2nd leg formation that is bouncing off the bullish crossed short-term moving...
Hi friends, I hope y'all having a profitable week ;) Today, we're looking at a possible long-term trend that has a potential to reward us with +8%. These trade signals are derived from both the monthly and weekly. The monthly price is currently running in the bearish half a bats L1 that has last months price closed with a bearish reversal candle pattern that was...
Hi friends, I hope y'all having a profitable week ;) Today, we're looking at a possible long-term bearish drop. This trade idea is derived from this time frame only. The monthly is in a process of fully confirming it with a bearish reversal candle pattern formation. Having one time frame confirming a long-term signal, gives me an A- signal; if both the monthly...
Hi friends, I hope y'all are having an amazing weekend ;) Today, we're looking at a possible short-term trade signal. This trade is derived from the weekly where the price recently closed with a bullish reversal candle pattern in the H&S accumulation phase that aims to retest the 50 and bearish crossed short-term m.a's so that it will fully confirm the long-term...
Hi friends, I hope y'all had a fantastic weekend ;) Today, we're looking at a bullish counter-trend signal that's derived on the monthly time frame. If you look at the monthly, you'll see that the price closed with a bullish reversal candle pattern that represents the huge double tops accumulation phase. The patterns neckline was previous bearish broken and not...
Hi friends, I hope y'all had a fantastic weekend ;) Today, we're looking at a possible bullish trend that's derived from the monthly time frame. On that time frame, the price closed with a bullish reversal candle pattern in the double tops accumulation phase after previously bearish breaking and not retesting the patterns neckline together with the ascending...
Hi friends, I hope y'all had a fantastic weekend ;) Today, we're looking a beautiful short-term trend signal on this baby. This trend is derived from the weekly where the price recently closed with a bullish reversal candle pattern in the double tops 2nd level. Usually when the price closed in that manner, a counter-trend occurs that will retest previous broken...