I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of...
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of...
There's a Complex Regular Flat in play right now. The structure is in a strong monthly/weekly up-trend and we are in the middle of a bigger continuation correction right now. Conclusion: - Bigger trend is up - We are making a Complex Regular Flat (continuation pattern) - The market is trending down on 4H and 1H timeframes - we are in the last wave going down...
Looks like there's an Expanding Flat in play right now. The structure is in a strong up-trend and we keep pushing up. Conclusion: - Bigger trend is up - We are making what looks like an expanding flat (continuation pattern) - Volume is elevated (market strength) Look for buy-setups. I will update my idea as the trade progresses if any changes occur and my...
Natural Gas is still on an up-trend and still going strong. "The prevailing trend is in existence until it is proved to have been reversed." ---> this is a very important concept that most traders tend to disregard. - At this moment NGAS still looks bullish, so every time a buying opportunity presents itself I will take it, but, I will only take short-term...
A possible Running Flat is in play right now. . Price has stopped in the middle of the structure right now. It might be making a little flat to continue the up-move, which can serve as another buy-opportunity. I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of...
Crude Oil keeps making bigger flats for 1 more up. But looking at the daily structure we clearly see that we are in a corrective phase. Based on pattern analysis I'm looking for the structure to break the top 1 more time, and then I'll be looking for reversal signs/signals. I will update my idea as the trade progresses if any changes occur and my analysis is...
GBPUSD moved a different direction as what was expected from our analysis last week. It made a gap at the start of the week and went down all the way without looking back. It stopped the price movement in bearish consolidation zone 2 and ended the week with a hint of a continuation of the trend. As the pair is currently residing in the consolidation zone 2,...
EURUSD did not make any strong move in Week 19, and it has moved comfortably within its consolidation range. I personally only took one signal in EURUSD in Week 19 as it seems not to show any good signals. The price is currently sitting at the top of the consolidation range and it is still unsure if the price would fall back to the consolidation range or would...
USDJPY moved way beyond the expectation of the analysis. It opened with a big bearish gap and continued its downward move till Friday. Spectacular week for short traders, congrats to all short traders who made an awesome profit! In Week 19, USDJPY only showed the Bullish strength a few hours before the close of the market. USDJPY threw a reversal pattern at its...
USDCHF spent much time in the range of level 1 and finally, it broke down to a new low towards the end of the week, moving into the level 2 consolidation zone. USDCHF moved much to what was expected of it, consolidation then followed by the trend move. I hope traders have taken advantage of the range and made good profits for yourselves! The analysis for Week 19...