PHANTAMINUS

PHANTAMINUS

Currently this pair is displaying a continuous consolidation structure, with high bullish pressure, the entire outlook is centered around an uprising triangle pattern which usually lure buyers to trade this setup. On the other hand, based on the sentiments of the week retailers are 95% base on shorts position. In addition, the BOC have provided insight on a JUMBO...

PHANTAMINUS

Currently this pair displayed a reverse Head and shoulder pattern, a reversal structure with small pressure, the outlook is tempting buyers to place their orders with appropriate risk management, onlooking at the sentiments of the week retailers are 65% base on shorts position. Furthermore, the Feds have provided insight on a proposed rate-cut during the month of...

PHANTAMINUS Updated 

The pair is not indicating any sign of reversal or change in direction, presently it is still going to the MOON. On the other hand, if a massive decline or surge in selling power appeared, then a move down to 86000 level could be expected. What do you think of my opinion?

PHANTAMINUS

We can see a triangle pattern, upon breaking the pattern we could have an idea on the direction, but i will love a scenarios whereby selling pressure unveil.

PHANTAMINUS

Based on My analysis, i see an ongoing move until (0.88700) at this point we will see some resistance, favorably before the psycho-level of 89000. Overall on the Daily structure market is in a downtrend but we are still riding with the bulls.... Let me know of what you think ?

PHANTAMINUS

it can go 2 direction after breaking the consolidation

PHANTAMINUS

As soon we see a breakout it will be a confirmation for our entry but usually this kind of setup rarely provide a retest structure, so let's see how it play for the short entry.

PHANTAMINUS

The formation of an reverse h&s is happening but at this stage we will not jump into it. We still need the last shoulder to be visible and a break of the neckline to support our thesis will be the trigger set.

PHANTAMINUS

A clear retracement is being formed now.... we just need a breakdown of structure and we can open a short position.

PHANTAMINUS

We can see clearly that a well formed double bottom is in progress, and this point we also see a potential breakout scenario happening. Just to be on the safe side, a quick long entry could be executed after market opens to validate the double bottom.

PHANTAMINUS

The sellers are clearly trying to take over in this scenario, a break of the support line and retest will emphasise a bearish structure.