nnadivictorc

nnadivictorc

Bitcoin is currently forming an ascending triangle on the 4H chart in preparation to challenge the 40K psychological resistance level. An ascending triangle is an uptrend trend continuation pattern. Once it gets to the confluence point ( the meeting point between the depicted trend line and the 40K resistance line). We may expect price to break out explosively and...

nnadivictorc

We have been observing the formation of this neckline for a over a day now. And finally, through thick and thin, broken trendlines, narrow ranges, the last shoulder has reached the neckline. It's the calm before the storm. I will be expecting a breakout of that 36400 level. This might be the last time we will see Bitcoin at this price in a while. I hope you have...

nnadivictorc

Bitcoin has found support just above $30K. On the 30 minutes time frame, it is also forming an inverted heads and shoulder pattern above the level, once it gets to the neckline at 36400, we should expect an explosive move to the upside. A move that could lead to the continuation of the uptrend.

nnadivictorc

Here is the aftermath of the Heads and Shoulders pattern i earmarked 2 days ago. I have taken profit on my two shorts, One at 1:4 risk reward and the other at 1:6 risk reward making total profit of 10R. I hope you enjoyed the trade traders. Follow me for more GBPUSD insights and check my profile for the buildup to this trade. P.S I took the first trade before...

nnadivictorc

Good morning traders, as we can see, our predicted Head and Shoulders from my previous idea is playing out very nicely, it is around the neckline, and we will be expecting a breakdown. My former losing short position is now in fine profit and I will be holding it for the long haul. This looks like the beginning of a mega downtrend, which will probably last...

nnadivictorc Updated 

A typical H&S on H1 timeframe. The cable may not make it above the multi-year resistance. I am already in a short position. And I will be looking to open another short position if this H&S pattern completes. The outcome of Boris Johnson's meeting tonight will give us further guidance as far as this idea is concerned.

nnadivictorc Updated 

I have taken a short position on GBPUSD. Although a negative confluence appears on the daily timeframe in the form of an ascending triangle. But it looks like there is still room for it to fall. Please use appropriate risk management for your trading style. I am not liable for the outcome of this trade.

nnadivictorc Updated 

GBPUSD has been in a range since mid 2016. Therefore long-term trending strategies may not work at the moment. Also when price is at support or resistance of this range, you have to be careful with the direction of your trades. Counter swings are very powerful there. A lot of directional trades may not work. This will be so until GBPUSD breaks out of this range or...