My USDCHF LONG from 02.26.18 is panning out well as I'm sitting on +90 pips at the time of this writing. Ended last week with a Spinning Top on Friday, March 9, after breaking through the previous supply zone. That zone is now being retested and if if holds will become demand. Price is currently stalling around the 0.947 mark, which was also the HIGH for...
We can see on the graph the support dotted line in purple and the blue dotted line is the resistance. This graph illustrates a BTC surge soon, with either the double bottom or triple bottom technical analysis patterns. The candles are bouncing around these 2 lines, but it is only a matter of time until we see the breakthrough illustrated with the shaded yellow...
Option 1: Buy after the trend line break. We wait for a retracement back to 1.39037 and go long until 1.40651. Option 2: Price respects the trend and bounces off the trend line after touching it, without breaking it. Wait for a reversal confirmation candle or pattern and short it till 1.37593
As I mentioned here , the USD is looking to rally after a long downtrend. Currently she is sitting in a range, but has put in a few signs of possible upcoming strength. MACD recently printed divergence and the RSI is sitting right above 50 as of this post. Last three days have culminated in a Bullish Morning Star pattern and price has bounced off of area of...
As per my discussion here and here the EURUSD is still ranging with price oscillating around the 1.245-1.235 mark. Although I'm not a huge fan of candlestick patterns, previous three days put in a Bearish Evening Star after hitting up against trendline resistance, area of supply, and the 61.8% retracement level. I've been short since 02.16.18 with several lots...
The bearish trend on USD/JPY chart is weakening. You can see a hammer candlestick on the 105 area, testifying that it is an important level of support. The options are two now: 1) a momentaneus market range in which the 107.850 level will be the resistance. 2) the breakout of the resistance above caused by strong bulls (such as positive NFP datas) with a...
A look at a potential trading opportunity on the $EURUSD along with a lesson on why smart targeting taking can either make or break your trading. Please do me a favor and leave a comment below as well as hit the LIKE button if you enjoyed this post. I'm always trying to do more of what you guys like & less of what you don't so I love the feedback! Akil Everton...
Wait until the end of the day and see if this candlestick will close as a bearish shooting star or even gravestone doji. If yes, and price in next candlestick is trading below shooting star real body, then it could be a strong bearish pattern as we saw on Feb 20.
I scalped a sell on Acad last week. But the way those candlesticks are looking on the daily looks like it will make one more push up. It made an overlapping corrective wave pattern but did correct down far enough. It can come down more but looks like sells are trapped.
With BTCUSD -8.09% forming an evening star pattern at critical resistance level , we favour deeper correction of current upward momentum towards 50% retracement of 11239.0 to 7878.50 @ 9558.70. Overall view is still mildly bullish provided price is contained above 38.2% retracement of 11239.0 to 7878.50 @ 9162.2. Price close below 9162.2 will invalidate any bullish bias
Not a candlestick pattern specialist but looks like a text book Bullish Harami on weekly; the green candle body formed last week is completely engulfed by the red candle from the week before. "The Bullish Harami is a sign of disparity in the market’s health. The market is characterized by a downtrend and a bearish mood, and there is heavy selling reflected by a...
To me it's looking like price action is running into a little resistance on the 4HR chart... at least in my opinion and I explain way in the video. I hope you enjoy, if so give me a like and leave a comment. I would really like to hear you thoughts on where XRP is headed over the next month or so.
We will buy USDCAD after the engulfing above the last consolidation zone.
Purely based on my understanding of TA. $AUDCAD currently moving in a channel. Got a bounce at bottom of the channel + RSI divergence + rejection candle. Personal opinion. Not a financial advice.
Look at pass, and learn on mistakes can bring success to future. Analyzing now last 2 month, can make some plane for this February. Many books about "Japanese candle", and "TA" said that only daily charts, only they carry useful information. Lets see and analyse! P.S. If you see mistake, or different ideas- lets discuss it.
Introduction to my analysis: 1) Price Action is KING- I'm a sole believer in price action, you will see me incorporating price action theory into my analysis. 2) Simplicity is key - I love to keep my charts neat and tidy! The more indicators you have on your chart, the more complicated your chart is. Thus, affecting your bias of that market. Let me introduce you...
Excellent opportunity to go long!
Today i wanted to revisit the BTCUSD analysis that i shared with you yesterday and introduce a topic that many of you may not be thinking about, but need to be. Akil