PrinceParisOfTroy

PrinceParisOfTroy

Is history about to repeat itself once again. The dollar has enjoyed a spat of Bullishness since may last year. It seems to be slowing down at present though. Running into Monthly fibonacci levels at present the .702 is holding. I'd like to see a close below the .618 next to confirm the move to the downside, targeting D extension @ 84.6 Because the market...

PrinceParisOfTroy

Afternoon frens, Bitcoin has been side stepping since 10th Jan, so pretty much the whole of 2022 so far. Although this can be frustrating, in times of consolidation it's best to just sit on our hands and wait for the market to give us a direction. As you can see we have been bouncing around the fib levels and weekly resistance. There are quite big wicks either...

PrinceParisOfTroy

Afternoon people, Thanks for taking the time to check out my Technical analysis, much appreciated. Constructive comments are always encouraged. DXY has enjoyed a lot of strength in recent weeks, strangely baffling seeing as since 2020 the supply of USD has increased by 30%+. There is now more Dollars in existence than have ever been, yet according to recent...

PrinceParisOfTroy

Afternoon people, I'd just like to say firstly thank you for all the support and for taking the time out of your day to consume my content. It's most appreciated. Diving right into the charts here we are looking at the weekly chart for XRP. As we can see for quite some time we have been pretty much moving sideways, since we broke out and retested the 3 year...

PrinceParisOfTroy

Bare with me on this chart, it may look a bit messy when you don't know what it is you're looking at so I will try and break it down as best I can. We know that Bitcoins market cycle is over a period of 4 years. Whereby we see a year long bear market, followed by an accumulation period moving up to Bitcoins halving event, which to date has arguably been the...

PrinceParisOfTroy

I am short this pair, 4h posted a nice shooting star right into the resistance zone, stop loss placed just above the wick. Targeting my daily support zone @ 7.2555 Happy Trading, Chartster

PrinceParisOfTroy

Price rejected the DTL for a third time, now anticipating price to reach the 17166 zone. If it holds I believe there may be a possible retest of the TL or at very least price will reach 17600, before falling further. If 17166 doesn't hold I expect to head for the weekly TL which as proven to act as strong support in the past, if price makes it here it'll be...

PrinceParisOfTroy

Dax only managed to provide a classic fake-out of the bearish channel, surviving two weeks above resistance turned support. I believe price is heading to the weekly TL. Expecting a pull back at some point, perhaps 10031 will serve as a momentary support where profit taking will commence before more bears push price to the TL. It is clear DAX is in a bad way...

PrinceParisOfTroy

Price failed to close above the resistance TL after a 3rd rejection. Price then fell to short-term S with an expected rally into the previous zone before falling again. I am now awaiting a possible close below the short-term support for a short -entry; given decent R:R is present. Initial target will be the ATL of the sym triangle, the second target will be @...

PrinceParisOfTroy

I will be expecting price to reject mid-term resistance @ 1.11 At which point I will looking for a pullback to initiate a long opportunity. I don't expect price to retest 1.08, however if the pullback is substantial I anticipate this level will hold. I will be looking for good PA to confirm a long opportunity, with my targets set at price touching the ascending...

PrinceParisOfTroy

I will be expecting price to reject mid-term resistance @ 1.11 At which point I will looking for a pullback to initiate a long opportunity. I don't expect price to retest 1.08, however if the pullback is substantial I anticipate this level will hold. I will be looking for good PA to confirm a long opportunity, with my targets set at price touching the ascending...

PrinceParisOfTroy

After price managed to climb back above fib 61.8 @ 1.50856, price broke resistance after two prior fakeouts. Target 1 @ 1.55 Target 2 @ fib D leg 1.63000 Happy Trading, Chartster

PrinceParisOfTroy Updated 

Anticipating further downside pressure as DOW struggles @ 17,523-08 resistance zone, a close above this zone invalidates the set-up. Weary of the DTL break @17,489 could indicate bullish momentum. As a result I'm risking 1% with a tight stop. Target 1 - 17,453 Target 2 - 17,166 Daily chart is looking very bearish, Daily support has been broken and Daily Ma's...

PrinceParisOfTroy

Price posted a higher low, higher high pattern and is now in a decline. The previous HH couldn't close above the zone of resistance, which may indicate weakness in the up move. The Weekly MA's are to the downside whilst the Daily MA's are to the up. For me i am neutral on this pair at the moment. The Daily Bearish engulfing pattern which swallowed two candles...

PrinceParisOfTroy

After price failed to reach monthly Res @ 1.15 we saw a nice decline, with a break of the Weekly TL. Price action currently sits at Daily support @ 1.1 I am remaining bearish on this pair however. the Weekly close formed a bearish engulfing which swallows 9 candles. The MA's are indicating possible downside crossover, whilst the Daily has crossed over. I am...

PrinceParisOfTroy

GU is showing clear signs of weakness at the moment. I had previously been stopped out on this trade to the pip right before the range breakout which was frustrating, but it happens. Weekly MA's are to the downside, with the last weekly close forming a bearish tweezer top formation at monthly resistance. This indicates further downside momentum, as surely the...

PrinceParisOfTroy

Following the recent market drop, price formed a strong Double Bottom @ 9400. This triggered a powerful rally which saw price breakthrough back into the bearish channel of May. Very strong Weekly and Daily candle closes indicating further upwards momentum. With Weekly MA's looking to possibly cross to the upside. Given the current situation we have two...

PrinceParisOfTroy

A strong weekly rally saw price break resistance at 17600 and close above. The Daily also posted a very strong bullish engulfing candle with a 350 pip move. This generated enough momentum to break the resistance level in the following day. The Daily MA's are bullish, whilst weeklies are approaching a possible crossover to the upside. I expect DOW to reach an...