Yesterday I was holding my breath and watching for support to hold above $7,400. I urged to wait for final confirmation and not dump just yet. That confirmation came this morning and now it is time to prepare for $5,000. I have opened a short with that as my target. There should be a lot of support waiting and I do anticipate a bounce. However I am going to be...
Yesterday I watched Bitcoin rally from $7,750 and break the 3 day bear channel. I drew an arrow from $8,000 to $8,400 and shortly afterwards watched the price pull back under $8,000. It continued to breakdown to under $7,750 and created a new local low (blue arrow). That is usually when the sell volume drastically increases. Traders wait to see if support can...
I have been out of town for the last 5 days and was unable to do the Daily Update post. During that time I was able to reflect on my progress and have decided to continue with the daily posts with one small change. Moving forward I will be using the 4 hour chart instead of the 1 hour. Other than that everything will remain the same. This morning I was happy to...
On the 4H chart we might see a completion of a Cypher pattern, the risk/reward is not the greatest and personally I would not take the trade because of the risk/reward but others might think differently. The blue lines is daily resistance/support levels
It looked as if there was a slight glimmer of a potential bull breakout from this current bear flag on the 4hour chart as the last 4 day candle found a way to close just above the trendline....however we all know that its not an official breakout until we close 1 more additionalc andle above the flag and at the same exact time that 4 hour candle closed above the...
Triangle formation building with a flat top and higher lows. This from the Daily trendline. Area of resistance 1.2360 which would need to be broken if this market moves higher. If 1.2360 is broken that would be the bullish sign to look for intraday long set ups. If the daily trendline is broken & also the 1.2280 level is broken too that would be bearish signal...
GBPUSD - 1.40 handle was key price for this market acting as strong resistance Teus, Wed & Fri. Above 1.40 is the is the descending line of the triangle which could provide resistance, lining up also with 1.4050 adding to the resistance. A break through would be more bullish & could generate intraday long set ups and potentially test of Feb16 high (1.4150). Before...
i think 4 hour chart is better fit than 1 hour for BTC so i will update from 4h chart, resistance points are better fitted i think this will be the last try for 11,800 resistance
BTCUSD USD 4 hour chart. Something a little different. Thoughts? Really, this is just thoughts. Thoughts? In the comments please.
Looking at USDJPY on the 4h timeframe we can see a clear trendline bounce with 2 confirmation candles. Low RSI shows a clear oversold making the trendline hard to break. Adding to the support there is the pivot point just on the trendline. Targets towards the top trendline but being cautious of the MA zone that is on the P pivot point acting as resistance.
The US Tax Reform Bill caused a lot of volatility in the market. The EUR/USD pair is continuing to fall lower to complete a Gartley Pattern on the 4 hour chart. As it falls lower, it will to gain strength and bounce off the weekly support level. Once the market breaks this level, it will continue to rise to the weekly high around the 1.209 range.
EUR / USD One gap has already filled in my previous chart, but we see other at the bottom and know that property of GAP is return to the same point.
weekly 123 candlestix and r4d in play at the moment we have a buy signal from the 4hour ema touch and channel break. we even have candlestix Rad 5 candles within the channel itself time to go long towards out target the higher weekly.
i see on the 1hr/4hr it is in its final stages of forming a Rising Wedge pattern so perfect entry oppurtunity off this high low
UJ 4 Hour Chart = $$$$$$$$$$$$ UJ ranged this week, a battle between Supply & Demand of both currencies, at a range of about 100 - 105 pips. New week and last weekly candle of the month for UJ this week and I'm pushing in the direction that we will get final confirmations on whether Seller or Buyers will take control of this pair, don't count out either.. It...