NhatHoang123

NhatHoang123

Price just broke out of the uptrend. The Market Makers knew that retail traders would sell the currency, so they manipulated the price to reach the stop loss of their trades for liquidity. This resulted in a continuation pattern, which is a bearish pennant. Provided that there was also resistance in a psychological price level at 1.17888, we can assume that the...

NhatHoang123

Price is now struggling to reach above last month's R1 line, so there's that... What's kinda weird at the moment is that the R1 line from June and the P lines from July and August coincide with one another, which proves confluence in a potential T/P area that can sit below the price, thereby supporting the outcome of a bearish move even further. My guess that...

NhatHoang123

Hey, I don't actually know or have much interest in cryptocurrencies, but it is a popular subject as a lot of traders here are constantly giving their thoughts on Bitcoin and whatnot, so here I am. Latest Heiken Aishi candle of the day shows indecisiveness between buyers and sellers, a "spinning top", but I dunno what it's gonna look like at the ACTUAL end of the...

NhatHoang123

This might not be properly illustrated on the chart, but the first thing I'm trying to point out here is that the red candlestick's body length is roughly 50% of the height of the previous uptrend, which is my first indication of a downtrend. If you move the chart back in April last year, you'd see that the price has rejected the exact level from before. I also...

NhatHoang123

Right off the bat, I can see that the green Heiken Aishi candles were shrinking, and a red candle appeared in the end. The bears are obviously knocking the front door right now. Seemed like the price was reluctant to reach a certain price level as the upper wicks are literally being flattened. Went back in time and saw the price was rejecting at the exact...

NhatHoang123

I first came to notice that the Friday candle was an Inverted Hammer, and it appeared when uptrend was in progress. But that not enough evidence that it might be a bearish signal, so I then searched for any Resistance Lines that exist, and there it was when the price had trouble gripping the area from before. Done figuring out the stop loss, now I need to put my...

NhatHoang123

I just want 5 reputation points. Haha