Hi Team I am expecting this pair to mimic its previous price action bounce from the double bottom and rise up. Let’s see how it does. Advice is to wait for reduction of/major structure and then break a trend line before entry. Good luck treat safe DrBear
Hi Tim, Here is my trade for this week. Trade analysis: We last week rejected at the weekly double top structure for this pair. We then small or a small breakdown before recovery at the end of the week. All of this indicates we won’t be going any higher, and can expect a sell soon. News: We are expecting US dollar weakness this week, and the major news...
Hi Team, This is something we have been keeping an eye on for several weeks. We are now approaching our entry position for the buy trade for this pair. We are expecting US dollar weakness this week, but it’s hard to predict when we will see the breakout– that is why I have placed the watch for break trend line. Ideally we will see price touch our entry zone...
Hi team, This pair is respecting a well-established channel, and has just rebounded off the Fibonacci level marked on the chart, so we are expecting it to drop to at the very least the daily support level. I expect this support will be respected, and if it is then we can utilise that to our advantage. Either we touch the top of the channel, or we break out of it...
Hi team, Chart analysis 101 here. We are in a descending wedge correction and are soon to hit one of the major Fibonacci levels on the daily timeframe. Look for rejection of Fibonacci level followed by break of descending tread line. Good luck trade safe DrBear
Hi Team, It’s here. The MASSIVE swing trade I’ve been waiting for. We might get a couple of false starts, but this is our region of interest and once it goes, we can sit on it for a couple of years! We are at entry about now for this HAS pattern. If it breaks above look for daily double top. We don’t need big lots - 0.01 will make you over £1000! Good luck,...
Hi Team, For those that don’t already know, I really am a real life doctor working in the NHS. And in this profession where we are expected to know so much, what is actually more important than knowing everything is knowing where to find the information you need. This is something that can also be applied to trading. For example, take a look here at this...
Hi team, Gold was my trade of the week last week too. We hit TP one, and then saw reversal. So we have already made some profit from this pair! Analysis: Now things are aligning really nicely for the excellent risk reward ratio sniper trade! Last week the analysis was of an ascending wedge, but now we can see that what we are actually moving through is an...
Hi Team, So far my analysis has proved to be exactly one point for this pair. If you see my previous post (link below) we are following the exact pattern charted out. Last week we had an excellent short trade and hit profit just as expected. What we can see now is that we have rejected from one of the weaker Fibonacci levels, and I expect a degree of...
Hi Team We are expecting some weakness from CHF this week and looking for a rebound on the euro too. From the chart you can see that we are expecting to reach a major level of support and a daily double bottom in the next few days. Once we get later into the week, we will look for rejection of the major support level, before looking for bullish candles in...
Hi Team, As predicted from a couple of weeks ago (See link chart for details) we are now entering a short counter-trend period on this pair before looking for major bullish movement in a couple of weeks Now that we have nice confirmations, namely rejection of major structure, break of major corrective trend line, and new short time frame pair pennant formation,...
Hi team Some fundamental analysis and Fib retracement here on Binance. As ever, crypto is very volatile, so the RR is high, and the SL is very tight. Good luck, trade safe!
Hi Team! Not a lot of time to get this written and marked up for you before we see it move, so here it is. Look for a break of trendlines and strong rejection of channel resistance, with SL just above major channel. Good luck, Trade safe! DrBear
Hello team, welcome to my trade for the week This week we are looking to short gold. Analysis: On the daily and for hourly timeframe we can see that we have had a strong impulse down, followed by a week of correction. We are almost at the end of this correction, and if you look carefully you can see that the waves correspond with the Fibonacci levels of the...
Dear team, As mentioned on the chart the situation has changed slightly here. Now we have some more information on the one hour timeframe we can draw an adjusted descending triangle pattern. I expect that we will re-touch the upper limit of this before we drop, but if we don’t, look for a break below the floor of the triangle. As ever, good luck on trade safe! DrBear
Hi team, Please excuse lack of posts recently I have been having a nice holiday sailing! Here is the first post for this week – we have broken a major trend line on this pair, and now it is respecting Fibonacci levels and descending 1 hour trend line for breaks. We can use this to our advantage and ride multiple short positions down to around the 152.0 or even...
HI Team For some reason, people always get upset about crypto bear runs, but fluctuations in any financial market are part and parcel of their existence. It is our job, as traders, to profit from both sides of the coin where possible. Bitcoin has reached back to the heady heights of $50,000 + recently. But this stage of the bull run is decelerating, and we...
Hi Team Please see my last post for the main market analysis leading to this trade. Can you spot the correction? Try marking it out for yourself, too. Like what I do? Please like, comment, and share! Your support helps me a lot! Good luck, Trade safe DrBear