Shown here on the 1 day chart is a rising wedge that is probably most valid on a 4-8hr time frame. However I wanted to show the 1 day 50ma (in orange) so I decided to post this idea on the 1 day time frame. We can see a big red candle has formed here and almost already reached the breakdown target of the wedge of 108. My thought was it was going to wait until the...
We can see that priceaction is currently attempting to both test the top trendline of the symmetrical triangle (in chartreuse) as well as trying to climb back above the 1 day 50ma(in orange). If price action can flip the 1 day 50ma back to solidified support then it can validate the bullish breakout from this symmetrical triangle. The breakout target from that...
Absolutely book perfect gap fill on AMZN. Straight down to the 50 and 100MA and also bounced on the volume shelf.
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Will it bounce higher here? Or will we break through?
Right now price action is currently testing the neck line of a head and shoulders pattern that, if validated, could wipe 250 billion off the total crypto market cap. We can see its been stiffly rejected recently by the 1 day 50ma…in order to avoid validating the h&s pattern, it is crucial to flip this 1 day 50ma back to solidified support. There is a lot of...
Welcome back! Let me know your thoughts in the comments! **CADCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
HAL is breaking out of a 6 - week bottoming base with nice contraction in volatility prior to the breakout. Also important to note that it is reclaiming its 50-day line. Short term target is the 50% retracement of its June decline.
If the 1 day 50ma (in orange) is flipped to solidified resistance the h&s will be validated and the price will fall to the red target I posted here…it will likely also retest the 200ma not long after that.
Welcome back! Let me know your thoughts in the comments! **GBPJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
Welcome back! Let me know your thoughts in the comments! **EURGBP - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
Quick BTC/USD 1 week chart update: BTC is in a massive Rising Wedge Pattern. BTC is also in a massive Falling Wedge Pattern. At the moment of typing this, BTC is still back above its 200MA on this 1 week timeframe. At the moment of typing this, BTC is still way below its 50MA on this 1 week timeframe. At the moment of typing this, BTC is still way below its...
Welcome back! Let me know your thoughts in the comments! **AUDUSD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
Welcome back! Let me know your thoughts in the comments! **GBPJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
It needs to stay above this horizontal yellow line. One way to secure doing that is to flip the orange 1 day 50ma to solid support..I wouldn’t get to excited about this triple bottom validating until it can hold the 50ma as strong support. Once it does we have room for some significant upside as you can see here on the measured move target. *not financial advice*
A quick BTC 1 week chart update: Note that BTC has closed another weekly candle below the weekly 200MA. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is downwards at the moment on this 1 week timeframe. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum...
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Welcome back! Let me know your thoughts in the comments! **AUDCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...