Trading the USD will prove tricky in current conditions. DXY is looking for direction within it's current 93.75-94.50 range, despite being in a broader uptrend. Traders beware.
Last post: May 30th. See chart . Review: Price was faced with a support zone that included the weekly 200sma. Update: Price has still not broken through the support zone but is now at resistance where the bears could come back in again. Conclusion: Still standing aside until momentum to the downside resumes. Any comments or questions, do not hesitate to...
This currency index is featuring for the first time on our TradingView blogs. Current setup: Price has been in a bullish trend since finding support at a key resistance zone that includes the high of 2008 but is now faced with weekly 200sma resistance. Conclusion: A break and close above the weekly 200sma is required to suggest a bullish trend continuation....
Short-term play. It looks to have formed an ABC bear flag. Possible it rises up again to test resistance, but we are coming to a close of the C wave, which was very impulsive, but sentiment is still bearish, and the count seems to validate another move down. Just targeting a swing low at .68254. But you could target the support line at the bottom at .67399. RSI...
Last post: March 25th. See chart . Review: Price had broken support. The bears were showing signs of moving to 80.00. Update: Price reversed, soon after breaking out, taking price into a consolidation. Conclusion: Price found resistance last week and showing signs of bearishness again. Standing aside until 80.00 is confirmed as resistance. Any comments or...
Hey Guys, I believe we've got a short on UJ. Minimum +300 pips to the downside. Let me know if you're trading this as well! TP: 107.500/107.00/106.00
Hey Guys, I believe we can go long on GA up to highs of 1.79000/1.81000. Minimum +100 Pips. Let's see if this will be successful! Updates coming soon guys! TP: 1.79000/1.81000
Last post: May 20th. See chart . Review: A breakout was required to suggest a trend continuation. Update: A breakout followed was confirmed and further bullish moves have taken place. Conclusion: A move towards 6.0000 with further opportunities to compound is now probable. Any comments or questions, do not hesitate to leave them below. Hit agree if you...
USDCAD has been consolidation for a bit but has been showing more momentum to the downside with more dollar weakness we could see this pair start to melt i have taken this position already as we have broken out of consolidation zone and are respecting the fibonacci and trendline We could see one more push to test the trend line and equilibrium zone but i...
What's up traders, I hope you're all having a good trading week. Let's analyse BTC/USD on the 4H chart. This analysis is a follow up analysis of my previous Bitcoin (See related ideas below for details of my original analysis for more information), and I strongly recommend reading the previous analysis so you can better understand this one, and how it is...
What's up traders, time for a new week of trading. Let's analyze ETH/USD on the 4H chart. This analysis is a follow up analysis of my previous Ethereum (See related ideas below for details of my original analysis for more information), and I strongly recommend reading the previous analysis so you can better understand this one. Price is trading above the 50...
Last post: May 21st. See chart . Review: A breakout was confirmed yesterday. Update: The bull trend has continued today triggering another compound. Conclusion: We want to see price continue towards the next round number of 6.0000. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
The pair has potentially completed a 5-motive wave sequence, and I say potentially for the reason that we still cannot say with 100% certainty that wave 5 is over. It has given a topping formation (double top) as well as a strong lower low - lower close candlestick last week which could be signaling the start of a pullback / correction. My potential...
In my opinion the pair is now in consolidation mode from yesterdays' impulses which is why I am expecting on more push to the upside all the way up to the 1.1835 level. I am anticipating the pair to start moving sideways upon retesting yesterday's POC (which also confluences with the 0.5 / 0.618 retracements) before initiating the move up. I will be looking for...
Price is at the POC showing signs of volume accumulation. Judging by the prior impulse I expect one more move to the upside and potentially retesting yesterday's POC. Furthermore the price has formed an Inverse H&S which I will not indicate because of over-cluttering. Those who know will see it. My personal details: Buy Stop: @ 1.1763 SL: @ 1.1740 TP: @...
What's up traders, I hope you're all having a good trading week. Let's analyze LTC/USD on the 1D chart. When looking at the 1 Day chart, price is clearly trading under a side-wards resistance line, since breaking down on the 6th of May back into structure. Price will now likely continue the down move into the horizontal support zone at 110.80, and this is...