Chart is self explanatory. Targets and SL as per chart.
Btc-Usdt in a bearish rising wedge Short on breakdown confirmation No financial advice Targets on arrows
With a break-even position on this pair and considering the appearance of a Double top structure, I suspect that price is going through a correction phase in anticipation of a rally in the coming week hence an opportunity to take a quick trade in the opposite direction of my last speculation arises (see link below for reference purposes). Tendency: ...
With over 600pips in our direction since my last publication on this pair (see link below for reference purposes); The price hit a peak around AU$1.85000 in June 2021 and has since then continued to find lower lows. The appearance of a Double Top structure on the chart is a very strong clue that hints at a reversal momentum building as we experience a significant...
Commodity markets struggle to rebound, but the Canadian dollar remained under strong pressure even at the latter part of last week trading session. The appearance of a Double Top structure ( a strong reversal pattern) on the chart confirms that the price has found a peak @ Fr0.75000 and has since the beginning of May 2021 continue to find lower lows which...
The price moved against expectation as it continues to find lower lows in the last one month (you might want to see the link below for reference purposes); As part of China’s move to create awareness of its digital Yuan, authorities in Shanghai is planning to distribute $3 million worth of the central bank-issued currency among residents of Shanghai in the form of...
After moving over 400pips since our last publication on this pair (see link below for reference purposes), the price continued to find lower lows as it Breaks down of CA$1.71500 thereby making the Breakout on the 19th of April a false one (a feat recognized by the plunge in oil price). The Supply zone around CA$1.71000/1.72000 zone emphasizes the selling pressure...
From Support Can Go Down And Up as well.
After enjoying 200pips move on four different occasions (a total of 800pips) since my last publication ( see link below for reference purposes); we are at a juncture in the market for selling opportunity as Buyers find it difficult to penetrate and breakthrough AU$1.57000 zone in the last 3 months. On the weekly chart; I am of the opinion that the third wave of a...
With an astronomical 500pips run in our direction since my last speculation (see link here below for reference purposes); It appears the character displayed by price action lately has found a safe haven for Supplication @ Y109.500 area thereby welcoming a Selling bias for me in the coming week(s). At this point in a very Bullish trend, the market is looking as if...
The different levels possible on the SOL in May
4 pushes followed by a sharp momentum against & consolidation near that bottom of the range. Looks like a very well anti setup to me. Market is still strong, but I do like my chances for a short on a further breakdown. Potential entry: 18.45 - 18.3. Potential stop loss: 18.75 - 19. Trade management: take at least 75% of position off at 1R.
The price continues to hover around our previous Supplication area (see link below for reference purposes); The Euro has been unable to sustain its move to a new high following price inability to Break above the Y130.600 area. After culminating @ Y130.680, a Double Top pattern emerges with tendencies that support the beginning of a Corrective phase. We finally...
With over 350pips in the kitty, the price continues deep lower in our favour since my last publication on this pair (see link below for reference purposes). As the tendency for price finding lower lows increases, I suspect that the Euro risk a further decline in the coming week(s) on the back of the Pound finding "better days"! In this regard, a very simple...
Good Day Traders !! Here is a full breakdown on this pair, let me know if you have any questions in the comment area before, the entry will be triggered only if all the rules of the strategy are respected. I would suggest to keep this pair on your watchlist to look for opportunities. Also I will be linking my previous analysis about this pair. Trade safe !!
NIO has been consolidating for quite some time. I figured this might be a descending triangle and the possible playouts that might occur are indicated by the blue arrows. The support/resistants are possible entry/exit points. Please share your ideas or tell me if you agree.
There are possibilities that the Greenback might gain some ground against the Aussie in the coming week... Following the Bullish run; Price finally hits a peak @ $0.78200 at the beginning of the new year followed by successive Lower Lows channelled through a descending range culminating into a successful Breakdown of Key level @ $0.76800 last week. Tendency: ...
Even though we are generally in an uptrend, there are shreds of evidence that Buyers might have lost the steam that brought them this far as we await significant breakdown of neckline @ Fr0.68250 for confirmations that support Bearish bias. Tendency: Downtrend ( Bearish ) Structure: Reversal Pattern (Double TOp) | Trendline Observation: i. ...