The 20-day ADR was missed on Thursday and Friday. Moreover, the 20-week AWR was missed as well (both upside and downside). Price expansion is much expected next week. I am still bearish GBPJPY hence I am looking for bull traps at the levels I have illustrated on the chart
Expect updates in the trading days next week in reference to this post.
Last week's range was approx 190 pips whilst the 20-week AWR was 275 pips. It was a "miss" hence I am anticipating a price expansion (weekly) probably hitting several pips more than next week's 20-week AWR , which probably be around 300-320 pips give or take.
My bias for GBPJPY is bullish hence I am looking at "support" levels to go Long. If price enters in the...
Referring to the this post 2 days ago :
The daily range for yesterday was 100 pips roughly whilst the 20-day ADR was 130. I would consider it a hit. Today's 20-day ADR is 132 pips and I expect this will be reached today and hopefully to the downside. I am...
Yesterday the daily range was 122 pips whilst the 20-day ADR was 142 pips. There was a miss in daily range even though 20 pips for this beast could be considered a hit. (Discretionary analysis red flag!), I am NOT anticipating a price expansion today (price exceeding the daily ADR range).
Having said though, I am looking at the liquidity pool around 134.00 -...
Technical analysis: After being rejected at around 144.000 on March 29th, price has being making higher highs and higher lows. It broke the 146.500 resistance to turn it into a support and after forming a triangle, price has broken it and retested in lower time frames.
Fundamental analysis: Risk is back on on stock markets weakening the...
Good day folks,
More I look at the chart, more I think that there is a big move coming in BTC. Looks like BTC is making a reversal pattern, however, it remains a bit early to tell imo.
Bullish scenario 1 (green): this is my favourite as it would be a cheaper and safer entry. Also, the chart still looks bearish in the short-term. I would initiate a long position...
Alphabet has two habits: it makes significant double tops
quite often (3 times in this 2 year bull run so far) and when it
creates a gap at earnings season it usually comes back to fill
that same gap around 4-5 months later - and when does this it
tends to do it twice, creating double bottoms as well as
double tops. This is the one stock amonst...
TenX has figured out how to solve one of the biggest problems for people that are involved in cryptocurrency.
Actually spending the currency.
Stop loss not needed but Recommended
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