HayeTrading

HayeTrading

In our previous idea we predicted a drop after bouncing off the upper channel line, which we've seen the beginnings of. AUDCAD still appears bearish, but we are entering a Demand Zone that could create a bounce or choppiness, which might give those who didn't get short the chance to do so at a better price, if they also believe that price is likely to head...

HayeTrading Updated 

MATIC has reached the top of it's upward channel. RSI Oversold on the 4H. Volatility is high, a break above the top of the channel wouldn't be surprising but a sharp move down is likely to follow. When that downmove comes I expect to see a pullback down to 0.618 Fib level to start, and potentially to the bottom of the channel. Like and follow for more...

HayeTrading Updated 

XRPUSDT has continued to respect a rising trendline of support that established itself since the extreme drop to 0.6000 on December 4th, Price broke up and away from it's descending channel on Dec 18th, only to drop back down with relative ease to retest this new support line. So far the support has held with 2 new bouncing away from this zone, but with a...

HayeTrading

GBPUSD has just reached the upper boundary of the downward channel it's been trading within for the past 6 months. As price entered this upper boundary area the RSI briefly reached >70 on the 6H before being rejected. Meanwhile on the 2H chart price has been showing textbook bearish divergence - 3 significant, consecutive lower highs on the RSI while price...

HayeTrading

With the help of my most recent script ROC vs BTC we can see that on the 4H chart we've been seeing some strong divergence, with Ethereum and Altcoins outperforming Bitcoin on a relative basis. Bear in mind this isn't a case of comparing apples and oranges, where Alts always tend to "outperform" BTC during waves up and down due to higher volatility, the...

HayeTrading

EURCAD has established an upward channel and is now almost at the bottom of that channel. RSI is oversold at 28.9 on the 4Hour, has hit 28 before bouncing back above on the 2Hour and bottomed at 31.8 before bouncing on the 6Hour. Directly below the price we see the lower boundary of the upward channel and a previous good Demand Zone. Price may continue down to...

HayeTrading

LUNABTC has been on a rocket path in the last month, offering a clear Elliot Wave structure and we appear to be entering a 5th Wave. LUNAUSDT has been on a similar path but has been subject to the overall downside volatility of the wider crypto market, while LUNABTC has seen a smoother path up. The more conservative option could be to wait for a break of the...

HayeTrading

MANA has been respecting a short term upward trendline perfectly, with a horizontal supply zone directly below. Long idea is to wait for another touch of the trendline and go long, with stop loss below support and short term target for 2.1 R trade. This is NOT financial advice, you are responsible for your own trading decisions. ** If you enjoyed the idea...

HayeTrading

CHFJPY has met it's long term upper trendline, is showing oversold on the Daily RSI, 4H and 12H, and even the weekly RSI is at 69.98. We also see strong bearish RSI divergence on the Daily. JPY has been the biggest loser of the major currency pairs in the past month and in fact the past year, but for shorter term outlooks JPY looks due for a correction against a...

HayeTrading

Happy new year everyone, just for fun I thought we could take a look at BTC performance in the lead up and aftermath of New Year's Eve for the past 5 years. There's definitely an interesting trend that the run up to New Year's Eve tends to see extremes of price. This year, although it might seem like a lifetime ago now BTCUSDT was at an All Time High of 69,000.00...

HayeTrading

USDINR has been bouncing off a long rising trendline since early 2021, and in fact has seen what you could reasonably call a clear uptrend on the larger timeframes since 2008. On the 12H chart and virtually all lower timeframes we're seeing oversold RSI reading, either with strong divergence (higher RSI, lower price) or flattening RSI with lower price, pointing...

HayeTrading

Can SAND continue it's parabolic run? With monster gains since October we can break the movements of SAND down into 2 cycles of 3 phases - and if history repeats (or rhymes) it would lead us up, up and away. This one's just for fun but anything is possible in a parabolic move up like this, often a sharp move down is just the buying pressure taking a breather...

HayeTrading

Since it's multiyear high in Feb, AUDCAD created lower lows and lower highs in April and has continued bearish ever since with a string of consecutive lower highs and lower lows. We have 2 clearly defined and repeatedly respected trendlines headed lower, created a broadening descending channel. Price has has multiple attempts to break through this resistance...

HayeTrading Updated 

See my previous idea on EURGBP, where we predicted the bounce up and huge drop almost perfectly, as we initially bounced off support and then retested with a strong break to the downside and continuation of the larger timeframe downtrend, testing the October lows. In the initial idea we mentioned continuing down to test the November lows next. I do believe...

HayeTrading

USDCHF could be set to have it's first positive day since 21st December as it sits within the lower boundary of a rising channel. We also have a recent supply zone directly below the channel boundary offering additional support. This looks like a potentially high risk reward trading opportunity, market structure is bullish and we have seen a strong serious of...

HayeTrading Updated 

USDCAD just had it's highest daily close of 2021 on Friday 17th December, at 1.28912. Daily highs have exceeded this level 3 times this year but each time the price was rejected and the price failed to close above that level. So as priced has reached the highest daily close since December 22nd 2020, it has entered this area of rejection shown on the chart, while...

HayeTrading

Since reaching it's All Time High in November, Bitcoin has seen a descending channel, followed by a small descending triangle. A descending triangle during a larger downtrend is considered a continuation pattern, but can of course break out both sides, usually with a volatile move. We saw a move to the upside to break both the triangle and the descending...

HayeTrading

EURUSD is still failing to break through the supply zone . Price had formed a textbook bearish pennant before attempting a breakout and being pushed back into the pennant after meeting strong resistance at the Supply Zone . This is still a strongly bearish continuation pattern, and the push back up to the Supply Zone has offered us a fantastic risk/reward short...