Goztrak

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OMGBTC currently at previous resistance area but volume indicator shows signs of bullish accumulation. Potential buy opportunity with targets at 1.618 @ previous accumulation area and 2.618 fibonacci extension.

Goztrak Updated 

Falling Wedge forming

Goztrak Updated 

Bitcoin hit ATH not long ago and broke the $6000 psychological area. With a little bit of backtesting we can see that Bitcoin tends to retrace back to previous structure and these areas just so happen to be precise fibonacci levels as seen in the analysis. Broke $3000 -> back to $1850 | 0.5 fib Broke $4990 -> back to $3000 | 0.618 fib So whats next? Well, my...

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I'm keeping it simple and clear. Let me present to you the Banana Technicals.

Goztrak Updated 

EURJPY Setting up for a Bat Pattern. The D leg has yet to be determined but is expected to finish inside the Potential Reveral Zone (PRZ) Will update with Take Profit targets and SL once price approach Happy Trading!

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I have been following the Dollar Index for quite some time now and been comparing it to gold to try and find patterns and setups for other USD pairs via gold and DXY. Gold specifically has followed the exact same ABCD patterns shown in the pictures below. The exact same. I am bullish on the dollar and I see it going up to a previous supply zone where it caught...

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I have been tracking Gold and the DXY for a couple of weeks and they have been valuable comparsions in my trading for obvious reasons. I decided to check out Silver last week which I have never traded before but Silver and Gold move very similar and with the DXY playing a big role in both of these commodities it made sense to check it out and see what's going on...

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NEOUSD Falling Wedge right on 0.618 fib retracement and structure. Let's see if predictions play out correctly and we break to the upside and create a bullish flag. Main reason why I see a bullish flag is because alot of other cryptos doing the same at this moment (Bitcoin, Litecoin and Ethereum).

Goztrak Updated 

Hello people! The cryptocurrency market is going wild this week with BTC almost at 6k, check out my Banana BTC Analysis, you'll like it. Anyways, I been checking up on some of the more popular cryptos eventhough I'm very new to the Crypto market I'm applying same technical analysis as in my previous charts. As I mentioned in my NEOUSD analysis, a lot of cryptos...

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Hello! EURGBP is approaching a fresh demand zone after having tested previous supply zone and went straight down. The demand zone is considered "fresh" because it hasn't been tested since it's creation and it is a demand zone because price reversed heavily once it hit, as can seen in the picture. A Long opportunity might show up if price reaches the demand zone,...

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Bullish flag on LTC, Let's see what it does! Also supply zone ahead.

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GBPJPY Completed a Bat pattern and been running for 150 pips already but it just recently broke Trendline and still 70 pips to catch for TP1. Take profit targets in the picture! Happy Trading!

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NZDCAD setting up for a Gartley Harmonic. Take profits in the picture

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Hello EURNZD is setting up for a Long position. Best possible risk:reward would be if price tests the trendline before entering LONG . I haven't decided on SL/TP yet but I have some ideas which will be updated here so follow if you want to get notified. Confluence points (Also listed inside the picture): - AB=CD - Bullish flag - Structure (resistance...

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Hello traders, GBPAUD Setting up for a Bullish Cypher Pattern. Gotta have to wait and see where the D leg completes but optimally would be at the 0.786 retracement of (X-A). I will update the setup with SL/TP targets when price approaches and I know where the D leg has completed. Like & Follow to get notified of ideas!

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I'm posting this analysis at the start of the week to see how it develops and update it as we go. I'll be looking for a sell opportunity since it broke out of the Trendline and by the looks of it making lower highs and lower lows. Additionally, last week was a good week for the kiwi fundamentally with the elections which strenghten the NZD. Like and Follow!

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USDCAD Currently in a nice uptrending channel. The ABCD pattern ends nicely at the Trendline drawn in the analysis. The idea is to wait for price to retrace down to the 0.618 - 0.707 fibonacchi retracement area, potentially test the channel and then initiate a buy. Profit targets either at support structure (1st arrow) or test of trendline (2nd arrow). The...

Goztrak Updated 

EURUSD bullish harmonic setting up. I'm not currently trading it but isntead seeing how it develops and where D leg completes.