Multi timeframe analysis trying to establish bias on BTC. Waiting patiently, looking for convincing brake down of support that would confirm my bias and allow me to get into a short trade. If I dont see what I want to see then there is no trade. Re-evaluate and look for opportunities that tick my boxes again when they present themselves.
As you can see in the picture, EURGBP respected the trendline and bounced off of the green support zone to form a Descending triangle. Then, it broke through, and retested it with a forming Evening star Candlestick confirmation. This trade is a good trade to lose, since the setup is so perfect and the orange line is a monthly resistance level so it's a fair area...
These are the areas of interest I would pay attention to for next upcoming trading week IF I were to trade Gold. Go to my initial published idea (7.25.19) to see what my plan was in the beginning. I only react to my zones if I see what I need/want to in the markets. Even though it's probably counter-trend I would be short on Gold for the following week, but only...
GBPAUD 1HR broken the trendline and now retesting it as support target on S1 stop just above P
PRICE ON WEEKLY CHART IS CLOSER TO A SUPPLY ZONE TREND IS SIDEWAYS TO DOWN ON DAILY CHART POSSIBLY CAN SEE PRICE DROP TO A DEMAND ZONE AROUND 121.760
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Nice head and shoulder 1h, and potential 4h head and shoulder formation.
We have to watch 1.6260 level if any strong bearish 4h closer we are for sell, I think that level will be tested again, but trade safe this pair is a pain in the ass and can do big manipulations. My advice don't trade this pair until you see a candle you want in that level because that level is the level where the manupilation is made, I think that level will be...
We clearly have broken that level with a huge daily Shooting star. If we zoom out daily tf we can make Daily Head and shoulders.
Price has extended into the yearly highs price region, however, am waiting for a rejection around the -27.00% region whether its a daily/4HR candle wick rejecting of that key supply zone. Seeing previous daily candle closing as two shooting star at the 1.63556 price barrier, hinting that there is buying exhaustion around this area. However, fundamentals will play...
Simply put, our weekly candle just closed as a bullish engulfing candle...that means that it covers the entire previous weekly red candle and more. This is almost always a very reliable sign of incoming bullish action and I would think even more so on the weekly timeframe. I'm most certainly bullish and think 9.6k-10k before our first real 31-41% correction is...
Many wick rejections and 1HR candle close at the $1338.35 dynamic level, as mentioned a break below the trendline could drive prices to the 1st psychological target of $1320.00 Great risk-reward for this trade 1:4
Thanks for the messages in my birthday Traders! Has been a good year/month/week in the crypto trading and hodl. This is going to be my weekly perspective in the markets and how i find my confluence in the market. Trading is simple, use less indicators, see what the market is showing and always wait for daily/weekly closure for confirmation. This is gonna be an...
price has rejected the 96.50 zones with 4HR candle wicks, price is showing momentum to the upside to form a potential new lower high, if price rejects the key trendline a new lower low could be formed towards the 96.00 key level, however, if the trendline is broken a deeper retracement could be formed towards the highlighted region before price rallies to the downside.
Good Afternoon traders!, I will be actively using this platform to journal and share my perspectives on trades to hopefully add value and inner confidence to your very own analyses. To begin with, il be giving my perspective on the DXY because of its validity in helping understanding how USD majors may be performing in relation to the performance of the DXY. So,...