GBPUSD created a double top perfectly. The way we got there was with an ending diagonal within an ascending wedge, which all means reversal! Look for bear flags on the 4H and 1H and get in with stops above the correction. Like this idea for updates throughout the week. Goodluck and trade safe!
EURUSD has given us a corrective break out of the major ascending wedge . We saw a complex correction now where it topped off at the double top region. We can now look for bear flags to work our way down to atleast the 1.16 level. Like this idea for updates Goodluck and trade safe!
EURUSD has given us a corrective break out of the major ascending wedge. We saw a complex correction now where it topped off at the double top region. We can now look for bear flags to work our way down to atleast the 1.16 level. Like this idea for updates Goodluck and trade safe!
Nicknamed the little brother of Dogecoin, this has the potential to make similar moves that Dogecoin made recently. As it is well under a penny, buying this on spot exchange and holding it would be ideal for short term investors to make a quick buck. Looking at the double bottom area for buying pressure. Once the descending trendline is broken, it would confirm a...
Nicknamed the little brother of Dogecoin, this has the potential to make similar moves that Dogecoin made recently. As it is well under a penny, buying this on spot exchange and holding it would be ideal for short term investors to make a quick buck. Looking at the double bottom area for buying pressure. Once the descending trendline is broken, it would confirm a...
Following the last Dogecoin analysis, we saw an almost identical pattern play out. We are currently in what looks to be a bullflag. Watching for a breakout to take this even higher! Goodluck and trade safe.
Following the last Dogecoin analysis, we saw an almost identical pattern play out. We are currently in what looks to be a bullflag. Watching for a breakout to take this even higher! Goodluck and trade safe.
The time has finally come for the big GBPJPY short we identified months ago. Price has almost reached the major descending trendline which makes this a very high probability trade. The current correction we are in looks like a bullish correction for one more move up, which may tag the descending trendline. Alternatively, if we break down from the correction, we...
The time has finally come for the big GBPJPY short we identified months ago. Price has almost reached the major descending trendline which makes this a very high probability trade. The current correction we are in looks like a bullish correction for one more move up, which may tag the descending trendline. Alternatively, if we break down from the correction, we...
CADJPY is in the perfect place to look for reasons to enter short. On the lower timeframe we can see that there's an ascending correction which is typically a reversal pattern. As it's in our high value area for reversal, we can gain an entry on the break of the ascending correction and hold that trade for a while! See chart update for lower timeframe and an...
CADJPY is in the perfect place to look for reasons to enter short. On the lower timeframe we can see that there's an ascending correction which is typically a reversal pattern. As it's in our high value area for reversal, we can gain an entry on the break of the ascending correction and hold that trade for a while! See chart update for lower timeframe and an...
From our previous analysis of AUDJPY, we were shorting from the top (See linked charts below) All we have to do now is look for solid bear flags and keep entering and work our way down. Look for retest areas too as they provide us with clear stop loss placements and are high probability. Goodluck and trade safe
From our previous analysis of AUDJPY, we were shorting from the top (See linked charts below) All we have to do now is look for solid bear flags and keep entering and work our way down. Look for retest areas too as they provide us with clear stop loss placements and are high probability. Goodluck and trade safe!
Gold is at a pivotal area which could determine the next big move for Gold. We are approaching the high value area where it would be ideal to take SHORT as there are multiple confluences, which back our reasons for going short. IF we do break the trendline, we can easily flip our bias to buys. See chart below for lower timeframe analysis for confirmation for...
Gold is at a pivotal area which could determine the next big move for Gold. We are approaching the high value area where it would be ideal to take SHORT as there are multiple confluences, which back our reasons for going short. IF we do break the trendline, we can easily flip our bias to buys. See chart below for lower timeframe analysis for confirmation for...
We had a breakout of a descending wedge on the daily timeframe at the start of this year, which indicated that we are on the verge of a reversal from bearish to bullish . We could be making a double bottom before moving up. Safest thing to do is to monitor to the descending trendline and wait for a break. DXY is used to anticipate US dollar strength and is...
We had a breakout of a descending wedge on the daily timeframe at the start of this year, which indicated that we are on the verge of a reversal from bearish to bullish. We could be making a double bottom before moving up. Safest thing to do is to monitor to the descending trendline and wait for a break. DXY is used to anticipate US dollar strength and is...
From the chart, you can see that bitcoin has been creating multiple clear impulses and corrections. We might be in an ABC correction taking us down to the $42K area where we can look for the next impulse up taking us to $75K. The $42K also has major trend line confluence as well as previous key area AND 61.8% fibonacci! Multiple reasons why it would be the best...