Over the course of 2023 we saw the bullish side of the market , climbing over 57% and regaining the bearish year of 2022 which was -35%.
As interest rates aimed to cool down in 2024 , this will have a positive impact on the market , making new ATHs. Crypto market also is entering its bull cycle , and you all may ask why i am referring to it...! Over the last...
A year ago i posted that SP500 will continue to fall ,now we see what clearly has happened since then . The overall fall has prodused ripples of fear throughout the whole market. Infation coming in hot , the FED keeps rising interest rates , mass cut of position jobs from big companies, most of that happening on a short period of time . I believe that if the...
Usually i publish at lower time frames , but the higher the time frame the better . You know better your trend and it has more validation on supports and resistances, thats why i always take a look at the daily timeframes and take trades on smaller ones like 4h and 2h. Always have a look at the big picture. Always zoom out. So, as we see our pair its on a bearish...
The markets have clearly now taken a good downfall. I wont say the time has come or act like a guru , but this is the ugly truth, we are entering in a bear market , yet cant say for sure that it will continue to fall like a rocketball, but if we have a correction and again it continues downfall, we can say we are in a bear market. The truth is that if this happens...
Hello traders as wee see our pair finished its wave C. As it showed signs of pullback i opened a relatively small position . Ema50 is a clear resistance now on our pullback.
We have to wait now if this will be a correction ABC Zig Zag pattern or a triple Zig Zag pattern (W,X,Y,XX,Z). I might open some other short positions until it reaches its support. We just...
Here we can see, a clear motive uptrend on our pair. I spotted this trend at the end of the 3rd wave, so i kept a close look at it and opened a small short position as i got indications of correction-pullback . We are expecting 2 more waves (4 and 5), the 4th wave as we see, comes to un end ,so we might be able to open a long position soon. BUT first of all we...
NZD/CAD is a pair that i've personally been looking at,for quite some time. We can see that it''s been in a burrish trend for almost a month and
some consolidation is going on now .
Also MACD indicator has lost its sell power and we some buyers taking place instead, but again its flat so dont rush. For me i would like to see a break out soon for a buy position...
Here we can see cad/chf being on a ascending pattern . It just finished its 5th wave so we might see a point of break out soon . As i see it we can either go on a potential 6th wave or a break out around at 0.74500. Personally i am going to wait for the break out/confirmation and go short with a 100pips opportunity
Here we can see cad/jpy being bullish for more than a month , also very overbought. We see that the bulls have lost their strength as it struggles to break above ema20 and macd idicator showing a dowtrend potential . For me i would like to see it around at 85.000 or maybe 84.500 for the short term . SMALL goals and concistency will lead up to green days. Remember...
Here we can see that much consolidation is going on . We can see Macd indicator being flat , which means there is a posibility of the price to burst. For me its likely to go up . If we see indications of un uptrend i would like to see a 150pips opportiunity after retest occurs. DONT go long if you see the break WAIT for the retest .
