The Pound has been showing a lot of weakness last week, I still seeing the pound being appreciated this week as well, breaking important levels of support leads me to believe price will continue.
After price broke out of a highly respected uptrend, price squeezed and broke out bearish (Impulsive Wave). Currently we see price rallied at a very attractive reversal level(Exhaustion), (Fibonacci 61.8% Retracement) Price is Accumulating at this Level so we are awaiting for confirmation to enter this high probable continuation of trend to the downside. Trading...
Previously analyzed the Euro/Kiwi, using Price Action we were looking to go Long (Refer to my previous analysis on EURNZD) We have a 95% Negative Correlation to EURNZD therefore we see price express itself like 2 Positive Magnets. Price is moving in an extreme downtrend which isn't hard to analyze with naked forex. I'd be highly interested in finding a high...
Looking at a possible trend continuation on the AussieYen, we are in a major downtrend which leads me to believe that price made it this far below for the 3rd time, price may very well reject off it's previous swing low and continue to our Daily Support. Let's say price does continue short and price rallies at our support, we can then find Bullish reversal...
In Higher Time Frames (Monthly/Weekly) this pair broke out of an ascending trend then experienced big pushes down from sellers because our Daily Resistance is at a 61.8% Fibonacci Retracement of that breakout impulse. My bias on the US Dollar/Canadian is to continue shorting this position if price action presents itself accordingly, my interest in this pair is the...
EURUSD currently in a bearish market. Great resistance from past price movement. Good setup for a sell position with a few retest zones.
After long analysis i can say we will have much more longer bearish market here. For me its 100% for invest. Enjoy!
I am do some analysis and i expect bearish trend here.
Although we expected finishing of patter in the Short term at the 1-hour timeframe scale, it took much longer to complete it. At the 3 days time frame we see a clear H&S is formed. This is the update to the previous trading idea. The price dramatically went down to the mentioned level. To drastically change the direction of movement, bears was need to push the...
Bitcoin took a short dive, but it should go back up in a few days. This video shows the awesomeness of the zig zag indicator which I use in conjunction with the pivot hl indicator , which are awesome for swing or day traders like myself. It shows the price action probability for the following past days and next day projection. Its really awesome and I like it very...
This video is on a 1 min chart showing how I made a profitable 2.17% trade on BTC, considering it is very bearish and very volatile at this exact moment on March 11-2018 (Sunday before 2 am this morning !) Scalp trading in bearish short or long trends even on 1 min chart is risky as hell and not even profitable as you can see on this video! I believe the price in...
I'm out of the market into the safety of fiat USD for now. This is very much a dynamic market and things are changing so dam fast on the charts, I couldn't even keep up with the 1,5 and 15 minute charts early this morning as I prepared this video. Personally for me, I think its too dangerous to play right now and I am now simply observing this ball game from the...
After establishing a new high in February, we can also see that price decided to form a double top on a Daily time frame. Soon after price decided to break several structure lows finding its support @ 1.218 at previous structure. Upon further review the 50 Moving Average has been breached on the Daily, awaiting second candle closure for confirmation of further...