In our previous analysis, we were looking to short on the break of trendline. Once broken. price consolidated a bit and then dropped 330pips so far! We will be looking for the second entry on the break of the next correction. Look out for a bear flag and enter on the break of the flag. Goodluck and trade safe!
In our last analysis, we were looking out for bear flags and we got the perfect one which broke down and gave us 260pips! We can now look for another bear flag to take us down to atleast the 1.17 level which is our next area of interest. This would be another drop of 200+ pips! See chart update for lower timeframe analysis. Goodluck and trade safe!
In our last analysis, we were looking out for bear flags and we got the perfect one which broke down and gave us 260pips! We can now look for another bear flag to take us down to atleast the 1.17 level which is our next area of interest. This would be another drop of 200+ pips! See chart update for lower timeframe analysis. Goodluck and trade safe!
In our last analysis we were looking for a break or bounce scenario. Price initially bounced off the trendline but then fully collapsed! There were a few opportunities to get into this trade. We got in on the break of the first bear flag. Price went on to make a further 2 bear flags on its way down. Keep on looking for bear flags to take this lower. Just be...
In our last analysis we were looking for a break or bounce scenario. Price initially bounced off the trendline but then fully collapsed! There were a few opportunities to get into this trade. We got in on the break of the first bear flag. Price went on to make a further 2 bear flags on its way down. Keep on looking for bear flags to take this lower. Just be...
Last time we analysed CHFJPY, we were anticipating a double top which we got. Price dropped a total of 330pips so far will continue to drop. There may be a retracement period which we need to look out for. The retracement will be a bear flag or an ascending correction. Ideally we'd want it to reach the area of interest indicated in the chart so we can get a...
Last time we analysed CHFJPY , we were anticipating a double top which we got. Price dropped a total of 330pips so far will continue to drop. There may be a retracement period which we need to look out for. The retracement will be a bear flag or an ascending correction. Ideally we'd want it to reach the area of interest indicated in the chart so we can get a...
NZDCHF is in a bigger channel and has approached the channel support. We have reached the channel support within a descending channel which is typically a reversal pattern. Also, we can draw a descending trendline and watch for breakout and put stops below the channel. Looking for the previous top as take profit. Goodluck and trade safe!
NZDCHF is in a bigger channel and has approached the channel support. We have reached the channel support within a descending channel which is typically a reversal pattern. Also, we can draw a descending trendline and watch for breakout and put stops below the channel. Looking for the previous top as take profit. Goodluck and trade safe!
Following the last EURUSD analysis, we saw a double top and broke the ascending correction. We are now looking for bear flags to take this lower. Will have a lower time set once the retracement happens. Ideally we'd have a bear flag leading to a retest of a lower timeframe level. Goodluck and trade safe!
Following the last EURUSD analysis, we saw a double top and broke the ascending correction. We are now looking for bear flags to take this lower. Will have a lower time set once the retracement happens. Ideally we'd have a bear flag leading to a retest of a lower timeframe level. Goodluck and trade safe!
USDCHF recently bounced off a double bottom area. We are now looking for buying opportunities such as bull flags and break and retests. In early 2021, we had the perfect price action that took us up over 600pips. We are now looking for similar price action to take us back up! Watch lower timeframe for bull flags. Goodluck and trade safe!
USDCHF recently bounced off a double bottom area. We are now looking for buying opportunities such as bull flags and break and retests. In early 2021, we had the perfect price action that took us up over 600pips. We are now looking for similar price action to take us back up! Watch lower timeframe for bull flags. Goodluck and trade safe!
CHFJPY has given us a high probability reversal pattern as well as a double top which makes this a high probability trade. On lower timeframe, watch for bear flags to take this down. Goodluck and trade safe!
CHFJPY has given us a high probability reversal pattern as well as a double top which makes this a high probability trade. On lower timeframe, watch for bear flags to take this down. Goodluck and trade safe!
Gold has been steadily climbing it's way back up. We have seen several bullish corrections on the way up which were clean! We are now seeing bearish price action which could indicate a reversal for Gold. For confirmation. wait for the major ascending trendline to break. If it comes to the trendline correctively, we may see another move up. Goodluck and trade safe!
Gold has been steadily climbing it's way back up. We have seen several bullish corrections on the way up which were clean! We are now seeing bearish price action which could indicate a reversal for Gold. For confirmation. wait for the major ascending trendline to break. If it comes to the trendline correctively, we may see another move up. Goodluck and trade safe!
From the chart we can see various phases for Bitcoin. In technical analysis, we have various patterns for various phases of the market. Impulse - large bodied candles signifying strong move in the market Ascending/Descending corrections - happens at the end of a trend indicating a reversal is near Flags & Pennants - a trend continuation pattern We can see that...