HayeTrading

HayeTrading

Gold has continued bouncing within it's huge triangle on the Daily, a massive range of consolidation featuring a perfect series of Higher Lows and Lower Highs. The further we get into the peak of this triangle the more explosive I expect the breakout to be. My last idea was to short the top of this range, and price did bounce down and continue the formation,...

HayeTrading

Crypto markets have seen a nice pump in the past week, but ETH is currently overbought on RSI at the 6H, 4H, 2H and 1H, and has bumped heads with the long downward trendline originating at the start of December. Medium term this may be the start of a big reversal that sees us heading back up, but in the short term I expect we will see this trendline acting as...

HayeTrading Updated 

USDINR has met a perfect confluence of lower trendline support and horizontal support on the Daily, and has just seen a small bounce of this support as confirmation. Before the bounce we saw RSI drop to 26 on the Daily and even lower on the smaller timeframes. In our last idea we predicted an incoming bounce, with potential to drop to this horizontal support...

HayeTrading

GBPCAD is approaching the 2022 High made on Jan 6th. Price action around this level should determine the short term direction for us to jump in. A breakout above this level could give us a nice risk/reward trade to follow the trend and ride it up to the next key level of resistance, an area that seemed to see a magnetic effect followed by reversals a number of...

HayeTrading

BTC is still in a strong downtrend, with the most recent attempt at a reversal failing to gain steam. Price has created a small parallel channel up off the lows - a textbook Bearish Flag pattern. Expect the see a break below the lower boundary of this channel for a bearish continuation. A break below the swing low would be confirmation of continuation of the...

HayeTrading

AUDUSD has just broke a horizontal support level to reach the lowest price since July 2020. On our currency meter indicator on 12H timeframe USD is the strongest of the 6 currencies at an average 71 RSI, with AUD the weakest of the 6 at an average 28.5 RSI. USD has strong headwinds with the recent Fed meeting and markets now expecting as many as 5 rate hikes in...

HayeTrading

My last 2 ideas on EURUSD have been bearish, and while the structure of the bearish continuation pattern continues to shift, my sentiment remains. We are still in a larger downtrend, price is struggling to gain traction to the upside, the recent strength that many were touting as the breakout indicating the start of a bullish trend has floundered. Price has...

HayeTrading

Disney, T Mobile, Amazon, Charter Communications, Netflix. What do all of these companies have in common? 1) They are all >$100B market cap. 2) They all have >10B Gross Profits. 3) They are all at 52 Week Lows. 4) They're all on my shopping list. Amazon just had it's worst week since 2018 after underperforming the S+P in 2021, but this behemoth isn't...

HayeTrading

If you enjoy the idea please leave a like 👍 In my last 2 posts on BTC I've shown a strong bearish bias, as seen in the charts below. First with an idea of bearish continuation of the developing trend and then more recently with the Head and Shoulders idea, looking for a break of the neckline which we've recently seen with a sharp break down of the market,...

HayeTrading

Gold has is trading within a huge triangle, with a lower trendline support spanning back to 2018 and an upper trendline resistance spanning back to mid 2020, with a good number of clear rejections of these levels from each. Gold has just entered the upper boundary again, coming in with a little momentum this time, with RSI just breaking above 70 on the 4H. I...

HayeTrading Updated 

AUDCAD has seen a significant decline since meeting the upper trendline resistance, as predicted in the previous idea shown below. Price has seen a pullback to an area of previous support but in my opinion we are still in a bearish wave and this small correction is an opportunity to get in before the wave continues down. We are already seeing rejection from this...

HayeTrading Updated 

In my last 2 ideas on EURGBP here and here I was short, and we went on to see a nice prolonged drop down to almost a 2 year low. Now that price has touched the lower trendline and 12H RSI has dropped below 30, I believe a short term reversal could be imminent. Price has also entered a strong Demand Zone that has seen 5 significant bounces from this area in...

HayeTrading

BTC has formed what looks to be a head and shoulders formation on the Daily, indicating more pain could be ahead for the OG crypto that's down 37% from it's peak earlier this year. The typical way to trade a head and shoulders pattern is to sell when we see a break through the neckline, which is currently acting as support but a break of this level could see price...

HayeTrading

Please leave a like if you agree 👍 USDCAD has been bouncing between horizontal resistance and an upward trendline support. Most recently we have seen a rejection of the horizontal resistance that is now acting as a strong Supply Zone leading to a strong move down, followed by a small bounce off the upward trendline support. This upward trendline support and the...

HayeTrading

After the recent big dip, many people are looking across the crypto market for signs of strength, to get in on a potential big wave up. In my opinion the key thing we need to see before anything else is a higher low, and to see how the price action handles a dip at this point. Will price bounce off a new higher low with gusto? Will it create a higher low and...

HayeTrading

AUDUSD has been trading in a series of tight bullish and bearish waves, with very clear direction and defined changes of direction. If this pattern continues then we have just seen the newest change of direction and we're headed down again. Interestingly, take note of the angles of the upper and lower trendlines. Obviously as we zoom in and out the actual angles...

HayeTrading

Non-Farm Payroll numbers are due today, after a strong decline EURUSD has settled into a consolidation/bear flag formation. I've been watching for a breakout of this range for a while now and while the structure of the flag has changed, the overarching idea is the same - looking for a break below the range to continue the larger trend. Non-Farm Payroll tends to...

HayeTrading

GBPAUD is has had a very strong run up to a significant level that has acted as an area of supply since August, with price only briefly breaking above this area once before quickly driving back down below it. RSI is overbought (>70) on the 12H, 6H and 2H charts and but has just had it's first sign of rejection out of this area. Expect price to see a correction...