Hello traders: As I am bearish on the USD overall, and expecting further weakness in the USD pairs overall. Here on NZDUSD, we can see price had a strong bullish impulse move up, and price falls into a larger, higher time frame correctional structure. With a few swings highs and lows, it validates a structure here that can be a continuation correction for...
Hi traders: Looking at the USDCAD's price action for potential further downside opportunity. We can see after price has hit the higher time frame double tops, it corrects into an ascending structure, which is a possible indication of a reversal price action. We then indeed see a strong bearish impulse phase happen, and price pushed down aggressively. Now...
Look for the retest of resistance within the next week or so... Price Target = $28-32 Range
Weekend Volume , the week ahead will be defined by the wedge . Setting-up for a move all coiled-up
We can see a falling wedge at a strong support.. So we looked to go back deep and take orders.
Hourly iH&S Confirmed. Price wiced off of the Descending Resistance Boundary, back to the neckline point of control; watching for further price compression this week.
This a fairly long video on Ford Motor Company NYSE:F and the overall macro trends I see in its market. I am long on Ford and this is my bullish case-video and DD. I hope you enjoy! NYSE:F . This is also my first voice over video, so please be kind and let me know if there is ANYTHING you disagree with on the charting aspect of the video or otherwise. ...
Identified: 1. Falling Wedge 2. Ascending Rising Channel 3. Ascending Broadening Wedge 4. Levels of Support 5. Levels of Resistance
Watching the double neckline for volume and a back-test. This looks like the point of control.
Intro: - Cardano is one of Ethereum's main competitor and addresses some major issues that pains Ethereum like scalability and gas fees. - Finally smart contracts are running on the Cardano chain and the ecosystem can start to bloom . - So far Cardano is lacking a working DEX which seems to hold back the whole ecosystem. Daily chart: - Price shows a...
A potential bullish shark pattern completes at 1.8161 for traders who are looking for a buying opportunity in GBPAUD. Structure traders can wait for the retest of the trendline for a buying opportunity. This is the wedge formation. Are you able to recognise it?
Long term trend still intact. Trend continuation expected. I've been expecting a breakout from this wedge pattern for a couple weeks. Last week, the breakout did happen, but price returned to close the week back inside the wedge. I still hold that the technical pattern is extremely bullish. Fundamentals for wheat are also bullish with rising fertilizer and energy...
I've been watching this structure build all year. It's still developing, and I'm not expecting that a breakout is imminent yet. A breakout above this formation should lead to a significant rally. My fundamental outlook on gold is extremely bullish as well. Just look up a chart of the M2 money supply on the FRED website. I'll be treating any dips below $1700 as...
FX:EURUSD has formed a Bullish Falling wedge which is a trend reversal pattern. It will buy after breakout and retest. TP and SL are mentioned.
#DYDXUSDT $DYDX broke out from falling wedge, wait for pullback to support zone between $14 and $15 and buy. if price break out from resistance zone the target of wedge pattern is around $25.
Just an idea. Up to the 61% fib?...pair with your analysis.
Careful and take profits if you are trading AVAX. Top of the wedge, this could be a local top? The RSI can go higher so adding a S/L and moving it up would be a sound strategy. (In case the wedge is broken above) MACD and SQUEEZE are all elevated. Well Done AVAX!
My last chart on MANA / USDT was invalidated as the ranging pattern continued or perhaps a slight downward price movement occurred. This is an updated analysis on MANA / USDT based on the 4h time frame, with a spotted falling wedge. Is MANA / USDT (Decentraland) overvalued at its current state, or are we merely seeing a retraction before an upwards price...